Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
JO & LO from Westerlo, company number BE0753519655, closed financial year 2025 with a result of € 100,029 after tax. For that financial year JO & LO recorded a gross margin of € 57,459 and equity of € 208,087. Compared with financial year 2024, the result moved from € 43,210 to € 100,029. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 17, 2026.
€ 208,087
▲ 93% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 100,029
▲ 131% vs 2024
Profit after tax over the fiscal year.
€ 45,587
▲ 3% 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 € 205,087.
People and assets in 2025
€ 1,998
▼ 87% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 467,593
▼ 19% vs 2024
€ 101,835 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2,385
▲ 216% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,092
▲ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 34,329 | € 55,926 | € 66,545 | € 57,459 | ▼ 14% |
| Profit after taxes | € 25,781 | € 23,719 | € 43,210 | € 100,029 | ▲ 131% |
| Equity | € 41,130 | € 64,849 | € 108,059 | € 208,087 | ▲ 93% |
| Total debts | € 23,124 | € 319,971 | € 761,304 | € 652,484 | ▼ 14% |
| Cash | € 60,935 | € 31,532 | € 44,119 | € 45,587 | ▲ 3% |
| Retained profit | € 38,130 | € 61,849 | € 105,059 | € 205,087 | ▲ 95% |
| Bank debt | € 0 | € 285,671 | € 576,822 | € 467,593 | ▼ 19% |
| Balance sheet total | € 64,254 | € 384,820 | € 869,363 | € 860,572 | ▼ 1% |
Key figures of JO & LO, 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 JO & LO?
What happened at JO & LO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 100,029 (▲ 131% vs 2024). Source: NBB ↗
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
- Philip Kenis became a director. NBB
In short
From € 25,781 profit in 2022 to € 100,029 profit in 2025.
Paid € 31,666 in corporate taxes since 2022.
Best year ever: 2025, with € 100,029 profit.
Management
Behind JO & LO is Philip Kenis. It owns 25% of Maple Leaf Sport BV itself.
Directors
According to the 2025 annual accounts
Philip Kenis
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Oevelse dreef 57 box 1
2260 Westerlo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0753.519.655
- VAT number
- BE 0753.519.655
- Registered office
- Oevelse dreef 57 bus 1, 2260 Westerlo
- Names & denominations
- JO & LO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 2020
- Peppol
- Active · Active since 29 Oct 2025
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