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 14 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
JOYCO from Wellen, company number BE0838004477, closed financial year 2023 with a result of € -64,094 after tax. For that financial year JOYCO recorded a gross margin of € 6,608 and equity of € 24,030. Compared with financial year 2022, the result moved from € 22,812 to € -64,094. The company made a loss. The buffer shrank hard: equity is 73 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 26, 2024.
€ 24,030
▼ 73% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -64,094
▼ still € 22,812 profit in 2022
Profit after tax over the fiscal year.
€ 5,678
▼ 80% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5,430.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,176
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 135,205
▼ 24% vs 2022
Of which on lease € 133,815.
Debts at end 2023
€ 253,690
▲ 8% vs 2022
€ 62,762 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 37,514
▲ € 31,861 vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 12,669
▲ 28% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 37,986 | € 152,748 | € 6,608 | ▼ 96% |
| Profit after taxes | € 2,160 | € 22,812 | € -64,094 | ▼ € 86,906 |
| Equity | € 65,313 | € 88,125 | € 24,030 | ▼ 73% |
| Total debts | € 280,932 | € 250,845 | € 311,699 | ▲ 24% |
| Cash | € 4,619 | € 28,879 | € 5,678 | ▼ 80% |
| Land & buildings | € 73,824 | € 73,196 | € 72,568 | ▼ 1% |
| Retained profit | € 46,713 | € 69,525 | € 5,430 | ▼ 92% |
| Bank debt | € 252,835 | € 234,155 | € 253,690 | ▲ 8% |
| Balance sheet total | € 352,176 | € 342,970 | € 339,188 | ▼ 1% |
Key figures of JOYCO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to JOYCO?
What happened at JOYCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
JOYCO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 64,094 (▼ € 86,906 vs 2022). Source: NBB ↗
- New establishment in Wellen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,160 profit in 2021 to € 64,094 loss in 2023.
Paid € 6,385 in corporate taxes since 2021.
Best year ever: 2022, with € 22,812 profit.
Management
Behind JOYCO is MICHEL GILISSEN.
Directors
According to the 2023 annual accounts
MICHEL GILISSEN
Director
Establishments
Establishment units
Physical locations of this company
Veerstraat 41
3830 Wellen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0838.004.477
- VAT number
- BE 0838.004.477
- Registered office
- Veerstraat 41, 3830 Wellen
- Names & denominations
- JOYCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 14 July 2011
- Peppol
- Not registered
- Activities · NACE
Detailhandel in groenten en fruit
Markt- en straathandel in voedings- en genotmiddelen
Ondersteunende activiteiten in verband met de teelt van gewassen
Goederenvervoer over de weg
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Diensten in verband met vervoer te land
Eetgelegenheden met beperkte bediening