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.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2024
JOULE from Gent, company number BE0689591113, closed financial year 2024 with a result of € -1.2 million after tax. For that financial year JOULE recorded a gross margin of € 1.8 million and equity of € -1.5 million. Compared with financial year 2023, the result moved from € -794,052 to € -1.2 million. The company made a loss. 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 August 25, 2025.
€ -1.5 million
▼ € 1.2 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ 47 % more loss than in 2023
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
People and assets in 2024
13.7
▲ 3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 930,604
▲ 53% vs 2023
€ 67,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 207,926
▲ 12% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2.1 million
▼ 50% vs 2023
€ 967,984 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 292,686
▼ 52% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.5 million
▲ € 1.3 million vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 30,000 | € -44,653 | € 785,778 | € 1,828,659 | ▲ 133% |
| Profit after taxes | € -58,359 | € -466,584 | € -794,052 | € -1,170,619 | ▼ € 376,567 |
| Equity | € -31,089 | € 501,676 | € -292,376 | € -1,462,995 | ▼ € 1.2 million |
| Total debts | € 1,138,596 | € 2,261,773 | € 5,038,498 | € 4,092,635 | ▼ 19% |
| Cash | € 66,743 | € 0 | € 32 | € 0 | ▼ 100% |
| Retained profit | € -92,589 | € -559,173 | € -1,353,225 | € -2,523,844 | ▼ € 1.2 million |
| Bank debt | € 701,505 | € 1,871,123 | € 4,177,641 | € 2,104,401 | ▼ 50% |
| Balance sheet total | € 1,107,507 | € 2,763,449 | € 4,746,123 | € 2,629,640 | ▼ 45% |
| Employees (FTE) | - | 5.2 | 10.7 | 13.7 | ▲ 3 |
Key figures of JOULE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to JOULE?
What happened at JOULE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Réginald Gillet stepped down as director. NBB
- Pierre Doumit stepped down as director. NBB
- Veerle Desmet stepped down as director. NBB
- Co-Consulting Comm. V. stepped down as director. NBB
- Maxime Seghin stepped down as director. NBB
- Laurens Verbeke stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.2 million. filed late Source: NBB ↗
- New establishment in Gent. KBO
In short
From € 58,359 loss in 2021 to € 1.2 million loss in 2024.
Paid € 399 in corporate taxes since 2021.
On average € 133,500 of value added per employee in 2024.
Management
The shares are held by Lab box NV (57.9%), Co-Consulting Comm. V. (10.7%), Jordy De Loose (10.7%), Laurens Verbeke (10.7%) and P&V corporate vennootschap (10%).
Directors
According to the 2024 annual accounts
Réginald Gillet
Director
since 2023 · until 2030
Managing director · represented by Nicolas COUDEVILLE
since 2022 · until 2027
Pierre Doumit
Director
since 2023 · until 2030
Maxime Seghin
Director
since 2022 · until 2027
Veerle Desmet
Director
since 2024 · until 2030
Laurens Verbeke
Managing director
Owns 10.7% directly
since 2022 · until 2027
Shareholders
57.9%
10.7%
Jordy De Loose
10.7%
Laurens Verbeke · director
10.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rooigemlaan 455
9000 Gent
Wiedauwkaai 25 box B
9000 Gent
Active since 9 October 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.591.113
- VAT number
- BE 0689.591.113
- Registered office
- Rooigemlaan 455, 9000 Gent
- Names & denominations
- JOULE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2018
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in fietsen
Verhuur en lease van sport- en recreatieartikelen
Detailhandel in fietsen in gespecialiseerde winkels