ACTIVE

JOSAIM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

196,5 k €

+404.0% YoY

Gross margin

330,1 k €

+174.5% YoY

Equity

894,7 k €

+28.1% YoY

What does JOSAIM do?

JOSAIM is a Public limited company incorporated in 1992. Its registered office is in Fléron.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.057.648

Incorporation

25/08/1992

Legal form

Public limited company

Registered office

Rue du Tiège 13 box 3
4620 Fléron · WallonieSee on map

Contributed capital

249 146,88 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	330,1 k €	+175%	120,2 k €	-9.0%	132,1 k €	+4.9%	125,9 k €	+26.3%	99,7 k €	+39.8%	71,3 k €	-17.1%	86,1 k €	-8.5%	94,1 k €	-14.9%	110,5 k €	+6.8%	103,5 k €	+6.4%	97,2 k €	-1.7%	98,9 k €	+58.4%	62,5 k €	-29.5%	88,6 k €	+17.1%	75,7 k €	-2.7%	77,8 k €	+7.0%	72,7 k €	-18.5%	89,2 k €	+29.3%	69 k €	-4.5%	72,3 k €
EBITDA	314 k €	+196%	106 k €	-9.8%	117,5 k €	+4.8%	112 k €	+29.9%	86,3 k €	+49.8%	57,6 k €	-21.1%	73 k €	-9.7%	80,8 k €	-19.6%	100,6 k €	+7.6%	93,5 k €	+5.8%	88,3 k €	-2.3%	90,4 k €	+66.9%	54,2 k €	-33.4%	81,3 k €	+18.5%	68,6 k €	-1.7%	69,8 k €	+6.3%	65,6 k €	-19.9%	82 k €	+33.7%	61,3 k €	-5.1%	64,6 k €
Operating result	263,7 k €	+395%	53,3 k €	-9.8%	59,1 k €	+7.6%	54,9 k €	+115%	25,5 k €	+516%	4,2 k €	-84.2%	26,3 k €	-30.0%	37,7 k €	-41.2%	64 k €	+11.6%	57,3 k €	+10.8%	51,8 k €	-7.8%	56,2 k €	+4666%	-1,2 k €	-105%	25,4 k €	+202%	8,4 k €	-23.1%	10,9 k €	+44.4%	7,6 k €	-75.0%	30,3 k €	+182%	10,8 k €	-46.4%	20,1 k €
Net result	196,5 k €	+404%	39 k €	+8.7%	35,9 k €	-12.2%	40,8 k €	+152%	16,2 k €	+898%	-2 k €	-108%	26,2 k €	+8.5%	24,2 k €	-35.1%	37,2 k €	-6.4%	39,8 k €	+9.3%	36,4 k €	-9.3%	40,1 k €	+40838%	97,9 €	-99.5%	19,9 k €	+634%	2,7 k €	-54.9%	6 k €	+291%	1,5 k €	-93.6%	24,2 k €	+561%	3,7 k €	-71.0%	12,6 k €
Balance sheet
Equity	894,7 k €	+28.1%	698,2 k €	+5.9%	659,2 k €	+5.8%	623,4 k €	+7.0%	582,6 k €	+2.9%	566,4 k €	-0.4%	568,4 k €	+4.8%	542,2 k €	+4.7%	518 k €	+7.7%	480,8 k €	+9.0%	441 k €	+9.0%	404,7 k €	+11.0%	364,6 k €	+0.0%	364,5 k €	+5.8%	344,5 k €	+0.8%	341,8 k €	+1.8%	335,8 k €	+0.5%	334,3 k €	+7.8%	310,1 k €	+1.2%	306,4 k €
Total assets	1,3 M €	+21.3%	1,1 M €	+3.9%	1 M €	+4.0%	974 k €	+3.9%	937,3 k €	+1.1%	927,1 k €	-0.4%	930,9 k €	+13.9%	817,5 k €	+3.4%	790,3 k €	+6.6%	741,6 k €	+6.5%	696,5 k €	+6.0%	656,8 k €	+8.9%	603,3 k €	-0.5%	606,5 k €	+3.1%	588,1 k €	-0.2%	589,3 k €	+0.4%	586,8 k €	-1.2%	593,8 k €	+1.5%	584,8 k €	-1.2%	592 k €
Cash	610,2 k €	+126%	270,5 k €	+39.1%	194,5 k €	-13.6%	225,2 k €	+53.6%	146,6 k €	+46.3%	100,2 k €	-67.2%	305,7 k €	+145%	124,6 k €	-44.8%	225,8 k €	+32.3%	170,7 k €	+81.2%	94,2 k €	-37.9%	151,6 k €	+107%	73,3 k €	+87.9%	39 k €	+4.6%	37,3 k €	+2.0%	36,6 k €	-69.9%	121,7 k €	+32.3%	91,9 k €	+74.6%	52,6 k €	-39.4%	86,9 k €
Debts	382,1 k €	+7.9%	354,2 k €	+0.1%	354 k €	+1.0%	350,6 k €	-1.2%	354,7 k €	-1.7%	360,7 k €	-0.5%	362,5 k €	+31.7%	275,3 k €	+1.1%	272,3 k €	+4.4%	260,8 k €	+2.1%	255,4 k €	+1.3%	252,2 k €	+5.6%	238,8 k €	-1.3%	241,9 k €	-0.6%	243,4 k €	-1.5%	247,2 k €	-1.5%	250,8 k €	-3.1%	258,9 k €	-5.0%	272,6 k €	-4.4%	285,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

José GRANDRY

Director

Active

Ended mandates

AIME GRANDRY

Director

Ended

JOSE GRANDRY

Managing director

Ended

JOSE GRANDRY

Manager

Ended

José GRANDRY

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	23/07/2026	31/08/2025	04/07/2024	22/06/2023	30/06/2022	21/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	22/05/2022	28/05/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	23/07/2026	French	PDF
Micro model	31/12/2024	16/05/2025	31/08/2025	French	PDF
Micro model	31/12/2023	17/05/2024	04/07/2024	French	PDF
Micro model	31/12/2022	19/05/2023	22/06/2023	French	PDF
Micro model	31/12/2021	22/05/2022	30/06/2022	French	PDF
Micro model	31/12/2020	28/05/2021	21/06/2021	French	PDF
Micro model	31/12/2019	29/05/2020	07/08/2020	French	PDF
Micro model	31/12/2018	31/05/2019	04/07/2019	French	PDF
Micro model	31/12/2017	25/05/2018	12/07/2018	French	PDF
Micro model	31/12/2016	26/05/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	04/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	03/08/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	23/08/2011	French	PDF
Abridged model	31/12/2009	26/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	28/06/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	11/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

José GRANDRY

Director

Active

Ended mandates

AIME GRANDRY

Director

Ended

JOSE GRANDRY

Managing director

Ended

JOSE GRANDRY

Manager

Ended

José GRANDRY

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/09/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates30/04/2008
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates10/07/2007
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/07/2004
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Mandates22/10/2003
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025196,5 k €↑
2025
Name changeJOSAIM S
2024
Annual accounts 202439 k €↑
2023
Annual accounts 202335,9 k €↓
2022
Annual accounts 202240,8 k €↑
2021
Annual accounts 202116,2 k €↑
2021
Name changeJOSAIM
2020
Annual accounts 2020-2 k €↓
2019
Annual accounts 201926,2 k €↑
2018
Annual accounts 201824,2 k €↓
2017
Annual accounts 201737,2 k €↓
2016
Annual accounts 201639,8 k €↑
2015
Annual accounts 201536,4 k €↓
2014
Annual accounts 201440,1 k €↑
2013
Annual accounts 201397,9 €↓
2012
Annual accounts 201219,9 k €↑
2011
Annual accounts 20112,7 k €↓
2010
Annual accounts 20106 k €↑
2009
Annual accounts 20091,5 k €↓
2008
Annual accounts 200824,2 k €↑
2007
Annual accounts 20073,7 k €↓
2006
Annual accounts 200612,6 k €
25/08/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

JOSAIM

Overview

What does JOSAIM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline