Checked.be
Active
BE 0757.900.491Private limited company
E&J CONSTRUCT
Halmaal-Dorp 35 ·3800 Sint-Truiden, Belgium· 5 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
E&J CONSTRUCT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €99k. Equity is growing by ~100.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €200k |
| Net result | €99k |
| Better than sector | 61% |
| Active | 5 yrs |
Financial profile
71
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
53
Profitability
100
Solvency
31
Growth
78
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
53
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
15
2021
51
2022
43
2023
43
2024
53
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.27 (< 1.0)
-10
Quick ratio
Quick ratio 0.27 (< 0.6)
-5
Profitability
ROE 49% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~100.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.3% | 16.2% | |
| Net result | €99k | €6k | |
| Equity | €200k | €167k | |
| Gross operating margin | €396k | €77k | |
| Total assets | €732k | €1.39M |
€8k
-
21-25
€99k
+84.8%
21-25
€8k
-
21-25
€732k
+34.3%
21-25
€200k
+97.2%
21-25
€-371k
+5.0%
21-25
€21k
+3876.1%
21-25
€532k
+19.9%
21-25
€507k
+18.3%
21-25
0.27
+198.8%
21-25
0.27
+198.8%
21-25
27.3%
+46.8%
21-25
2.66
-39.2%
21-25
49.3%
-6.3%
21-25
13.5%
+37.6%
21-25
319.88
-
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | +84.8% | +109.7% | +284.8% | - | - |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | +3876.1% | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | +34.3% | -17.8% | +63.7% | +13.2% | - |
| Equity | +97.2% | +111.0% | +112.6% | +41.4% | - |
| Debt | +19.9% | -27.9% | +60.8% | +11.9% | - |
| of which ≤ 1y | +18.3% | -30.3% | +60.8% | +11.9% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | +5.0% | +30.0% | -91.0% | +12.7% | - |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.27 | 0.09 | 0.09 | 0.24 | 0.02 |
| Quick ratio | 0.27 | 0.09 | 0.09 | 0.24 | 0.02 |
| Working capital ratio | -50.6% | -71.6% | -84.1% | -72.1% | -93.5% |
| Solvency | 27.3% | 18.6% | 7.2% | 5.6% | 4.5% |
| Debt / equity | 2.66 | 4.38 | 12.80 | 16.92 | 21.38 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | 319.88 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 13.5% | 9.8% | 3.8% | 1.6% | -1.1% |
| ROE | 49.3% | 52.6% | 53.0% | 29.3% | -25.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €732k | €545k | €664k | €405k | €358k |
| Fixed assets | 21/28 | €596k | €507k | €606k | €315k | €350k |
| Formation expenses | 20 | - | - | - | - | €1k |
| Tangible fixed assets | 22/27 | €596k | €507k | €606k | €315k | €350k |
| Current assets | 29/58 | €136k | €39k | €58k | €91k | €7k |
| Amounts receivable within one year | 40/41 | €5k | €23k | €4k | €50k | €5k |
| Cash & bank | 54/58 | €131k | €15k | €53k | €40k | €2k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €732k | €545k | €664k | €405k | €358k |
| Equity | 10/15 | €200k | €101k | €48k | €23k | €16k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k | €20k |
| Reserves | 13 | €180k | €81k | €28k | €3k | - |
| Accumulated profits (losses) | 14 | - | - | - | - | €-4k |
| Amounts payable | 17/49 | €532k | €444k | €615k | €383k | €342k |
| Amounts payable within one year | 42/48 | €507k | €429k | €615k | €383k | €342k |
| Trade debts payable within one year | 44 | - | - | €1k | €37k | - |
| Income statement | ||||||
| Gross operating margin | 9900 | €396k | €154k | €103k | €43k | €-3k |
| Operating result | 9901 | €119k | €54k | €25k | €7k | €-4k |
| Financial charges | 65 | €149 | €74 | €39 | €24 | €440 |
| Result before taxes | 9903 | €119k | €54k | €25k | €7k | €-4k |
| Income taxes | 67/77 | €21k | €520 | - | - | - |
| Net result for the period | 9904 | €99k | €53k | €25k | €7k | €-4k |
| Result to be appropriated | 9905 | €99k | €53k | €25k | €7k | €-4k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 09-11-2020 |
| Status | Active |
| Postal code | 3800 |
Establishment units
E&J CONSTRUCT
since 20202.310.230.390
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71021A0217/00N000 | Flanders | 1,336 m² | 1 · 191 m² | 5.6 m |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2021net €99k ▲84.8%
Operating result €119k, net result €99k, both a record.
31-12
Financial
Equity above €200kEq €200k ▲97.2%
4 profitable years in a row build equity to €200k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Equity above €100kEq €101k ▲111%
3 profitable years in a row build equity to €101k.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121Development of non-residential building projects68122IT consultancy62020Computer consultancy and computer facilities management62200Activities auxiliary to financial services and insurance activities66300Buying and selling of own real estate68110Office administrative and support services82100Office administrative, office support and other business support activities82110
Names & trade names
| Legal nameNL | E&J CONSTRUCT |
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