JOYCE INVEST
0440.779.777 · rovalta.com · 22/09/2026
ACTIVE
JOYCE INVEST
Financial year 2025 · closed on 31/12/2025
Net result
273,3 k €
-72.3% YoY
Gross margin
624,6 k €
-64.8% YoY
Equity
5,8 M €
-0.5% YoY
Workforce
0,0 ETP
Overview
What does JOYCE INVEST do?
JOYCE INVEST is a Public limited company incorporated in 1990. Its main activity is: Development of building projects. Its registered office is in Brugge.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0440.779.777
Incorporation
27/04/1990
Legal form
Public limited company
Registered office
Monnikenwerve 17-19
8000 Brugge · FlandreSee on map
8000 Brugge · FlandreSee on map
Contributed capital
3 260 288,20 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
Joint committees (1)
- 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 624,6 k € | -64.8% | 1,8 M € | – | – | – | – | – | – | – | – | – | – | – | 3 M € | +4227% | 69,2 k € | -84.0% | 432,2 k € | +359% | -167 k € | ||||||||||||
| EBITDA | 484,7 k € | -71.0% | 1,7 M € | +31.2% | 1,3 M € | +235% | -946,3 k € | -126% | 3,6 M € | +233% | 1,1 M € | -30.1% | 1,6 M € | +89.6% | 824,9 k € | -55.8% | 1,9 M € | -25.2% | 2,5 M € | +61.1% | 1,5 M € | -52.9% | 3,3 M € | +76.5% | 1,9 M € | -32.2% | 2,7 M € | +34174% | -8 k € | -102% | 425,8 k € | +351% | -169,6 k € |
| Operating result | 431,6 k € | -73.2% | 1,6 M € | +30.0% | 1,2 M € | +230% | -951,4 k € | -126% | 3,7 M € | +257% | 1 M € | -30.1% | 1,5 M € | +161% | 566,5 k € | -67.5% | 1,7 M € | -25.9% | 2,4 M € | +66.1% | 1,4 M € | -55.2% | 3,2 M € | +82.8% | 1,7 M € | -28.2% | 2,4 M € | +2511% | -100 k € | -156% | 178,1 k € | +158% | -304,5 k € |
| Net result | 273,3 k € | -72.3% | 986,3 k € | +37.4% | 718 k € | +163% | -1,1 M € | -139% | 3 M € | +7406% | 39,4 k € | -71.4% | 137,9 k € | +322% | 32,7 k € | -96.2% | 856,1 k € | -40.7% | 1,4 M € | +87.8% | 768,6 k € | -70.8% | 2,6 M € | +212% | 845,1 k € | -48.7% | 1,6 M € | +653% | -297,7 k € | -670% | 52,2 k € | +117% | -312,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 5,8 M € | -0.5% | 5,8 M € | +1.2% | 5,7 M € | +2.6% | 5,6 M € | -17.0% | 6,7 M € | +13.3% | 5,9 M € | +0.7% | 5,9 M € | +1.1% | 5,8 M € | +0.6% | 5,8 M € | +142% | 2,4 M € | +118% | 1,1 M € | +10.1% | 1 M € | -56.2% | 2,3 M € | +57.6% | 1,5 M € | +986% | -163,6 k € | -223% | 133,2 k € | +58.7% | 83,9 k € |
| Total assets | 15,7 M € | -4.8% | 16,5 M € | -17.1% | 19,9 M € | +2.8% | 19,3 M € | +19.2% | 16,2 M € | -32.6% | 24,1 M € | -30.9% | 34,8 M € | +63.0% | 21,4 M € | +1.2% | 21,1 M € | -3.7% | 21,9 M € | +8.4% | 20,2 M € | +35.6% | 14,9 M € | -20.0% | 18,7 M € | +15.9% | 16,1 M € | +27.0% | 12,7 M € | +47.2% | 8,6 M € | +156% | 3,4 M € |
| Cash | 82,7 k € | -46.6% | 154,9 k € | +8.5% | 142,8 k € | -80.7% | 738,3 k € | +178% | 265,7 k € | -80.6% | 1,4 M € | -49.8% | 2,7 M € | +145% | 1,1 M € | -48.9% | 2,2 M € | +6.2% | 2,1 M € | +228% | 627,3 k € | -17.0% | 755,5 k € | +71.1% | 441,5 k € | -48.8% | 862,7 k € | +94.3% | 444,1 k € | +30.9% | 339,2 k € | +113% | 159 k € |
| Debts | 9,9 M € | -6.9% | 10,7 M € | -24.6% | 14,1 M € | +2.8% | 13,7 M € | +45.9% | 9,4 M € | -45.8% | 17,4 M € | -38.1% | 28,1 M € | +83.8% | 15,3 M € | +1.3% | 15,1 M € | -21.9% | 19,3 M € | +2.4% | 18,9 M € | +38.0% | 13,7 M € | -15.9% | 16,3 M € | +15.6% | 14,1 M € | +9.6% | 12,8 M € | +51.4% | 8,5 M € | +159% | 3,3 M € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | 0,5 ETP | – | – | – | – | ||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 65 ended
Active mandates
Active
Active
Ended mandates
Frederik Françoys
EndedAt this address
Other companies at this address
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|---|---|
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BRUSSELS DEVELOPMENT COMPANY● Active | 0735.665.519 |
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EXCELSIOR IC● Active | 0746.723.816 |
EXPLOITATIEMAATSCHAPPIJ HBAZ● Active | 1007.015.396 |
EXPLOITATIEMAATSCHAPPIJ IBA● Active | 0678.421.265 |
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EXPLOITATIEMAATSCHAPPIJ ISB● Active | 0801.421.324 |
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EXPLOITATIEMAATSCHAPPIJ MO● Active | 0405.286.982 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 14/05/2026 | 01/07/2025 | 12/07/2024 | 14/07/2023 | 14/07/2022 | 14/07/2021 |
| General meeting | 13/05/2026 | 30/06/2025 | 09/07/2024 | 14/07/2023 | 12/07/2022 | 09/07/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 13/05/2026 | 14/05/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 01/07/2025 | Dutch | |
| Full model | 31/12/2023 | 09/07/2024 | 12/07/2024 | Dutch | |
| Full model | 31/12/2022 | 14/07/2023 | 14/07/2023 | Dutch | |
| Full model | 31/12/2021 | 12/07/2022 | 14/07/2022 | Dutch | |
| Full model | 31/12/2020 | 09/07/2021 | 14/07/2021 | Dutch | |
| Full model | 31/12/2019 | 17/08/2020 | 16/09/2020 | Dutch | |
| Full model | 30/09/2018 | 08/03/2019 | 20/03/2019 | Dutch | |
| Full model | 30/09/2017 | 31/01/2018 | 10/04/2018 | Dutch | |
| Full model | 31/03/2016 | 20/06/2016 | 19/07/2016 | Dutch | |
| Full model | 31/03/2015 | 30/06/2015 | 28/07/2015 | Dutch | |
| Full model | 31/03/2014 | 16/06/2014 | 14/07/2014 | Dutch | |
| Full model | 31/03/2013 | 17/06/2013 | 16/07/2013 | Dutch | |
| Full model | 31/03/2012 | 18/06/2012 | 26/10/2012 | Dutch | |
| Full model | 31/03/2011 | 20/06/2011 | 31/10/2011 | Dutch | |
| Abridged model | 31/03/2010 | 21/06/2010 | 28/10/2010 | Dutch | |
| Abridged model | 31/03/2009 | 15/06/2009 | 30/10/2009 | Dutch | |
| Abridged model | 31/03/2008 | 16/06/2008 | 29/08/2008 | Dutch | |
| Abridged model | 31/03/2007 | 05/05/2007 | 13/09/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 65 ended
Active mandates
Active
Active
Ended mandates
Frederik Françoys
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates31/05/2024ONTSLAGEN - BENOEMINGEN
- Mandates07/05/2024ONTSLAGEN - BENOEMINGEN
- Mandates27/10/2023ONTSLAGEN - BENOEMINGEN
- Mandates01/08/2023ONTSLAGEN - BENOEMINGEN
- Mandates02/01/2023BENAMING - ONTSLAGEN - BENOEMINGEN
- Mandates26/01/2021MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates23/06/2020ONTSLAGEN - BENOEMINGEN
- Mandates02/10/2019STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025273,3 k €↓
- 2024Annual accounts 2024986,3 k €↑
- 2023Annual accounts 2023718 k €↑
- 2022Annual accounts 2022-1,1 M €↓
- 2021Annual accounts 20213 M €↑
- 2018Annual accounts 201839,4 k €↓
- 2017Annual accounts 2017137,9 k €↑
- 2016Annual accounts 201632,7 k €↓
- 2015Annual accounts 2015856,1 k €↓
- 2014Annual accounts 20141,4 M €↑
- 2013Annual accounts 2013768,6 k €↓
- 2012Annual accounts 20122,6 M €↑
- 2011Annual accounts 2011845,1 k €↓
- 2010Annual accounts 20101,6 M €↑
- 2009Annual accounts 2009-297,7 k €↓
- 2008Annual accounts 200852,2 k €↑
- 2007Annual accounts 2007-312,8 k €
- 27/04/1990IncorporationPublic limited company