FJM CONSTRUCT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FJM CONSTRUCT is 2.4% (moderate). The 2025 annual accounts show equity of €89k and a net result of €23k. Equity is growing by ~47.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 2873 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 76% of 2873 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	16-02-2026	16 d late	2026-00039910
30-06-2024	31-01-2025	01-02-2025	1 d late	2025-00027323
30-06-2023	31-01-2024	05-02-2024	5 d late	2024-00025549

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.4% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€486k-41.7%

EBIT margin5.5%-0.6pp

Net result€23k-40.5%

Working capital€84k+55.2%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 16-02-2026 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~47.7%/year over 3 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 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	66.0%	43.4%	better than 76% of 2873 sector peers
Net result	€23k	€13k	better than 63% of 2872 sector peers
Equity	€89k	€44k	better than 74% of 2873 sector peers
Gross operating margin	€43k	€39k	better than 54% of 2870 sector peers
Staff costs	€10k	€30k	higher than 35% of 929 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P76

Stable position over 2023-2025 · n=2873-11087

Net result P63

Stable position over 2023-2025 · n=2872-11069

Equity P74

Improving position over 2023-2025 · n=2873-11090

Gross operating margin P54

Stable position over 2023-2025 · n=2870-11060

Describes the position versus peers, not a forecast.

Revenue

€486k

-41.7% 23-25

EBITDA

€33k

-45.0% 23-25

Net profit

€23k

-40.5% 23-25

Cash flow

€29k

-38.8% 23-25

Total assets

€135k

+47.5% 23-25

Equity

€89k

+35.6% 23-25

Working capital

€84k

+55.2% 23-25

Staff costs

€10k

- 23-25

Income taxes

€495

-95.2% 23-25

Debt

€46k

+78.1% 23-25

Debt ≤ 1y

€45k

+75.8% 23-25

Current ratio

2.86

-8.0% 23-25

Quick ratio

2.41

-22.5% 23-25

Solvency

66.0%

-8.1% 23-25

Debt / equity

0.51

+31.4% 23-25

ROE

26.2%

-56.1% 23-25

ROA

17.3%

-59.7% 23-25

Net margin

4.8%

+2.0% 23-25

EBITDA margin

6.7%

-5.8% 23-25

Interest coverage

11.82

-79.1% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	€486k
EBITDA	€33k
Net profit	€23k
Cash flow	€29k
Staff costs	€10k
Income taxes	€495
Dividends	-
Total assets	€135k
Equity	€89k
Debt	€46k
of which ≤ 1y	€45k
of which > 1y	-
Working capital	€84k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.86
Quick ratio	2.41
Working capital ratio	62.4%
Solvency	66.0%
Debt / equity	0.51
Long-term debt ratio	-
Interest coverage	11.82
Gross margin	8.9%
Net margin	4.8%
ROA	17.3%
ROE	26.2%
EBITDA margin	6.7%
Days sales outstanding	13d
Days payable outstanding	22d
Inventory turnover	21.61
Days inventory (DSI)	17d

Balance-sheet composition 2025

Assets

Fixed assets €6k · 4.1% Current assets €130k · 95.9%

Equity & liabilities

Equity €89k · 66.0% Debt €46k · 34.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€135k
Fixed assets	21/28	€6k
Tangible fixed assets	22/27	€6k
Current assets	29/58	€130k
Stocks & contracts in progress	3	€20k
Amounts receivable within one year	40/41	€84k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€135k
Equity	10/15	€89k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€87k
Amounts payable	17/49	€46k
Amounts payable within one year	42/48	€45k
Trade debts payable within one year	44	€26k
Income statement
Turnover	70	€486k
Gross operating margin	9900	€43k
Operating result	9901	€27k
Financial charges	65	€3k
Result before taxes	9903	€24k
Income taxes	67/77	€495
Net result for the period	9904	€23k
Result to be appropriated	9905	€23k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

95 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

Current directors & mandates

LHOIR Frédéric
Director
State Gazette act 25122153 (26-09-2025)

Current
26-09-2025 → present
LIBERT Nancy
Director
State Gazette act 25122153 (26-09-2025)

Current
26-09-2025 → present

Former directors (1)

VERFAILLIE Jérome
Director
State Gazette act 25122153 (26-09-2025)

Former
- → 26-09-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company(610)
Incorporation	21-04-2022
Status	Active
Postal code	7301

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de Binche(H) 3367301 Boussu

Establishment units

1 location

FJM CONSTRUCT

Rue de Binche(H) 336, 7301 BoussuSmeden van metaal

since 20222.331.426.573

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area64 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53041B0463/00K003	Wallonia	64 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 10 months ago

2025

26-09-2025 2 directors appointed, 1 resigning Director changes

LIBERT Nancy, Bestuurder
LHOIR Frédéric, Bestuurder
VERFAILLIE Jérome, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 95

Profitability 61

Solvency 100

Growth 68

Stability 94

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