ACTIVE

JOINCO

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Financial year 2025 · closed on 30/09/2025

Net result

36,7 k €

+12.2% YoY

Gross margin

92,1 k €

+4.6% YoY

Equity

444,7 k €

+9.0% YoY

What does JOINCO do?

JOINCO is a Public limited company incorporated in 1994. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Lille.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.339.002

Incorporation

24/08/1994

Legal form

Public limited company

Registered office

Achterstenhoek 32
2275 Lille · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/09/2025

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 43211Electrical installation 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	92,1 k €	+4.6%	88 k €	+7.4%	81,9 k €	-10.0%	91 k €	+20.7%	75,4 k €	+18.6%	63,5 k €	-10.9%	71,3 k €	+4.1%	68,5 k €	-15.1%	80,7 k €	-22.3%	103,9 k €	+1.5%	102,4 k €	-1.7%	104,1 k €	-4.1%	108,5 k €	+39.9%	77,6 k €	+26.7%	61,2 k €
EBITDA	74,5 k €	+3.9%	71,7 k €	+7.6%	66,6 k €	-13.1%	76,7 k €	+24.9%	61,4 k €	+23.6%	49,7 k €	-15.1%	58,5 k €	+4.6%	55,9 k €	-17.7%	67,9 k €	-26.0%	91,8 k €	+1.6%	90,3 k €	-1.3%	91,5 k €	-4.7%	96 k €	+45.6%	66 k €	+31.0%	50,3 k €
Operating result	52,9 k €	+8.6%	48,7 k €	+11.7%	43,6 k €	-18.7%	53,7 k €	+38.8%	38,7 k €	+15.1%	33,6 k €	-21.6%	42,9 k €	+6.4%	40,3 k €	-23.0%	52,3 k €	-31.3%	76,2 k €	+5.4%	72,2 k €	+3.2%	70 k €	+22.3%	57,2 k €	+111%	27,1 k €	+157%	10,5 k €
Net result	36,7 k €	+12.2%	32,7 k €	+20.9%	27,1 k €	-23.3%	35,3 k €	+49.1%	23,7 k €	+23.1%	19,2 k €	-23.7%	25,2 k €	+0.1%	25,2 k €	-35.8%	39,2 k €	-33.8%	59,3 k €	+3.6%	57,3 k €	+8.0%	53 k €	+53.1%	34,6 k €	+148%	14 k €	+10.7%	12,6 k €
Balance sheet
Equity	444,7 k €	+9.0%	408 k €	+8.7%	375,2 k €	+7.8%	348,2 k €	+11.3%	312,8 k €	+8.2%	289,1 k €	+7.1%	269,9 k €	+10.3%	244,7 k €	+4.3%	234,5 k €	+5.3%	222,7 k €	+9.5%	203,4 k €	+9.3%	186,2 k €	+7.5%	173,2 k €	+25.0%	138,5 k €	-43.4%	244,6 k €
Total assets	655,2 k €	-2.0%	668,4 k €	-3.5%	692,8 k €	+5.4%	657,4 k €	-0.6%	661,4 k €	+13.5%	582,6 k €	-12.1%	663,1 k €	+0.1%	662,4 k €	+5.1%	630,3 k €	+2.4%	615,3 k €	-4.4%	643,5 k €	+4.6%	615,1 k €	+4.3%	589,8 k €	-13.7%	683,1 k €	-0.6%	687,4 k €
Cash	4,7 k €	+67.2%	2,8 k €	+20.8%	2,3 k €	-38.5%	3,8 k €	-56.9%	8,8 k €	-67.5%	27,2 k €	-34.5%	41,5 k €	+95.5%	21,2 k €	+1.4%	20,9 k €	-33.8%	31,6 k €	+15.7%	27,3 k €	+107%	13,2 k €	-72.2%	47,3 k €	-68.7%	150,9 k €	+45.9%	103,4 k €
Debts	210,6 k €	-15.9%	250,2 k €	-18.7%	307,7 k €	+4.3%	295 k €	-11.1%	331,7 k €	+19.4%	277,9 k €	-28.0%	385,8 k €	-5.1%	406,5 k €	+4.8%	388 k €	+4.5%	371,4 k €	-12.2%	423,1 k €	+3.2%	410 k €	+2.8%	398,8 k €	-24.2%	526,5 k €	+20.5%	436,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 11 ended

Active mandates

BORG - HOUT

Mandate · 0452.279.425

Represented by Roger Borgmans

Active

NO LIMITS

Mandate · 0452.699.493

Represented by Elisabeth Borgmans

Active

Ended mandates

Frederic-Alexander Borgmans

Director · since 30 janvier 2017 · until 30 janvier 2022

Ended

Frederic-Alexander Borgmans

Director · since 30 janvier 2017 · until 30 janvier 2023

Ended

NO LIMITS

Director · since 30 janvier 2017 · until 30 janvier 2022 · 0452.699.493

Represented by Frerderic-Alexander Borgmans

Ended

NO LIMITS

Director · since 30 janvier 2017 · until 30 janvier 2022 · 0452.699.493

Represented by Frerderic-Alexander Borgmans

Ended

At this address

Other companies at this address

Company	CBE no.
FRELI-BOUW● Active	0828.704.553

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/05/2026	30/04/2025	30/04/2024	28/04/2023	29/04/2022	29/04/2021
General meeting	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	29/05/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	31/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	31/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	31/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	03/02/2020	26/02/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	24/04/2019	Dutch	PDF
Abridged model	30/09/2017	06/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	06/02/2017	07/02/2017	Dutch	PDF
Abridged model	30/09/2015	11/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	11/03/2015	27/04/2015	Dutch	PDF
Abridged model	30/09/2013	10/02/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	04/02/2013	02/04/2013	Dutch	PDF
Abridged model	30/09/2011	06/02/2012	06/03/2012	Dutch	PDF
Abridged model	30/09/2010	07/02/2011	17/02/2011	Dutch	PDF
Abridged model	30/09/2009	01/02/2010	09/02/2010	Dutch	PDF
Abridged model	30/09/2008	02/02/2009	16/02/2009	Dutch	PDF
Abridged model	30/09/2007	04/02/2008	19/02/2008	Dutch	PDF
Abridged model	30/09/2006	05/02/2007	15/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 2 active · 11 ended

Active mandates

BORG - HOUT

Mandate · 0452.279.425

Represented by Roger Borgmans

Active

NO LIMITS

Mandate · 0452.699.493

Represented by Elisabeth Borgmans

Active

Ended mandates

Frederic-Alexander Borgmans

Director · since 30 janvier 2017 · until 30 janvier 2022

Ended

Frederic-Alexander Borgmans

Director · since 30 janvier 2017 · until 30 janvier 2023

Ended

NO LIMITS

Director · since 30 janvier 2017 · until 30 janvier 2022 · 0452.699.493

Represented by Frerderic-Alexander Borgmans

Ended

NO LIMITS

Director · since 30 janvier 2017 · until 30 janvier 2022 · 0452.699.493

Represented by Frerderic-Alexander Borgmans

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other23/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2008
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/01/2004
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 202536,7 k €↑
2024
Annual accounts 202432,7 k €↑
2023
Annual accounts 202327,1 k €↓
2022
Annual accounts 202235,3 k €↑
2021
Annual accounts 202123,7 k €↑
2020
Annual accounts 202019,2 k €↓
2019
Annual accounts 201925,2 k €↑
2018
Annual accounts 201825,2 k €↓
2017
Annual accounts 201739,2 k €↓
2016
Annual accounts 201659,3 k €↑
2015
Annual accounts 201557,3 k €↑
2014
Annual accounts 201453 k €↑
2013
Annual accounts 201334,6 k €↑
2012
Annual accounts 201214 k €↑
2011
Annual accounts 201112,6 k €
24/08/1994
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

JOINCO

Overview

What does JOINCO do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

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