Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
JOANN from Sint-Martens-Latem, company number BE0552649085, closed financial year 2025 with a result of € 4,806 after tax. For that financial year JOANN recorded a gross margin of € 30,434 and equity of € -11,550. Compared with financial year 2024, the result moved from € -5,685 to € 4,806. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ -11,550
▲ € 4,806 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,806
▲ still € 5,685 loss in 2024
Profit after tax over the fiscal year.
€ 8,204
▲ 286% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -30,150.
Debts at end 2025
€ 68,333
▼ 23% vs 2024
€ 20,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,626
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 36,500 | € 26,143 | € 34,904 | € 30,434 | ▼ 13% |
| Profit after taxes | € -2,282 | € -16,458 | € -5,685 | € 4,806 | ▲ € 10,491 |
| Equity | € 5,787 | € -10,671 | € -16,356 | € -11,550 | ▲ € 4,806 |
| Total debts | € 490,225 | € 463,650 | € 446,267 | € 434,775 | ▼ 3% |
| Cash | € 13,270 | € 12,962 | € 2,128 | € 8,204 | ▲ 286% |
| Land & buildings | € 452,375 | € 436,357 | € 420,268 | € 404,249 | ▼ 4% |
| Retained profit | € -12,813 | € -29,271 | € -34,956 | € -30,150 | ▲ € 4,806 |
| Bank debt | € 337,732 | € 419,070 | € 88,333 | € 68,333 | ▼ 23% |
| Balance sheet total | € 496,012 | € 452,979 | € 429,911 | € 423,225 | ▼ 2% |
Key figures of JOANN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to JOANN?
What happened at JOANN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,806. Source: NBB ↗
- Patrick De Greve BV became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,282 loss in 2022 to € 4,806 profit in 2025.
Paid € 300 in corporate taxes since 2022.
Best year ever: 2025, with € 4,806 profit.
A new publication or filing at JOANN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind JOANN is Patrick De Greve BV. Patrick De Greve BV is also behind ORSI ACADEMY and Vlerick Partner.
Directors
According to the 2025 annual accounts
Director · represented by Patrick De Greve
Also active at: ORSI ACADEMY, Vlerick Partner
since 2024
Establishments
Establishment units
Physical locations of this company
Antoon De Pesseroeylaan 60
9831 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0552.649.085
- VAT number
- BE 0552.649.085
- Registered office
- Antoon De Pesseroeylaan 60, 9831 Sint-Martens-Latem
- Names & denominations
- JOANN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2014
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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