FJM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FJM CONSTRUCT is 2.5% (moderate). The 2025 annual accounts show equity of €89,274 and a net result of €23,429. Equity is growing by ~47.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 28254 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-7
Solvency91▼-6
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.86 against 3.11 in 2024; short-term debt: 33.5% and cash: 3.1% of total assets), and 34% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
17.3%
Age of the figures
15 mo
neutral · 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.
NBB · 3 filingsDeviation from the deadline
2025
16 d late
2024
1 d late
2023
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€485,517▼ 41.7%
2024 · €832,351
EBIT margin
5.5%▼ 0.6pp
2024 · 6.1%
Net result
€23,429▼ 40.5%
2024 · €39,368
Working capital
€84,308▲ 55.2%
2024 · €54,337
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€282,315-€832,351▲ 195%€485,517▼ 41.7%
Operating result€30,689-€50,713▲ 65.3%€26,683▼ 47.4%
Net result€24,477within the sector's middle half-€39,368above the sector's middle half▲ 60.8%€23,429within the sector's middle half▼ 40.5%
EBIT margin10.9%-6.1%▼ 4.8pp5.5%▼ 0.6pp
Equity€26,477within the sector's middle half-€65,845within the sector's middle half▲ 149%€89,274within the sector's middle half▲ 35.6%
Total assets€41,195below the sector's middle half-€91,620within the sector's middle half▲ 122%€135,184within the sector's middle half▲ 47.5%
Debt€14,718-€25,775▲ 75.1%€45,910▲ 78.1%
Working capital€16,528within the sector's middle half-€54,337within the sector's middle half▲ 229%€84,308within the sector's middle half▲ 55.2%
Solvency64.3%within the sector's middle half-71.9%above the sector's middle half▲ 7.6pp66.0%within the sector's middle half▼ 5.8pp
Current ratio2.12within the sector's middle half-3.11within the sector's middle half▲ 0.992.86within the sector's middle half▼ 0.25
Return on assets (ROA)59.4%above the sector's middle half-43.0%above the sector's middle half▼ 16.4pp17.3%within the sector's middle half▼ 25.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,184
Fixed assets
€5,567 ▼ 50.0%
Current assets
€129,617 ▲ 61.8%
Equity and liabilities €135,184
Equity
€89,274 ▲ 35.6%
Debt
€45,910 ▲ 78.1%
Debt's share of the balance-sheet total rises from 28.1% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,625▼
2024 · €59,355
Cash flow
€29,370▼
2024 · €48,009
Quick ratio
2.41▼
2024 · 3.11
Debt to equity
0.51▲
2024 · 0.39
ROE
26.2%▼
2024 · 59.8%
Interest coverage
11.82▼
2024 · 56.55
Debt ≤ 1 year
€45,310▲
2024 · €25,775
Income taxes
€495▼
2024 · €10,298
Staff costs
€10,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €282,315 | €832,351 | €485,517 | ▼ 41.7% |
| Goods, raw materials, services and sundry goods60/61 | €248,133 | €768,149 | €442,136 | ▼ 42.4% |
| Remuneration, social security and pensions62 | - | - | €10,019 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,325 | €8,641 | €5,941 | ▼ 31.2% |
| Other operating charges640/8 | €1,168 | €4,847 | €738 | ▼ 84.8% |
| Gross operating margin9900 | €34,182 | €64,202 | €43,381 | ▼ 32.4% |
| Operating profit (loss)9901 | €30,689 | €50,713 | €26,683 | ▼ 47.4% |
| Financial income75/76B | €2 | €2 | - | - |
| Recurring financial income75 | €2 | €2 | - | - |
| Non-recurring financial income76B | €2 | €2 | - | - |
| Financial charges65/66B | €94 | €1,050 | €2,759 | ▲ 163% |
| Recurring financial charges65 | €94 | €1,050 | €2,759 | ▲ 163% |
| Non-recurring financial charges66B | €94 | €1,050 | - | - |
| Profit (loss) for the period before taxes9903 | €30,597 | €49,666 | €23,924 | ▼ 51.8% |
| Income taxes67/77 | €6,119 | €10,298 | €495 | ▼ 95.2% |
| Profit (loss) for the period9904 | €24,477 | €39,368 | €23,429 | ▼ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €24,477 | €39,368 | €23,429 | ▼ 40.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €41,195 | €91,620 | €135,184 | ▲ 47.5% |
| Formation expenses20 | €1,124 | €375 | - | - |
| Fixed assets21/28 | €8,825 | €11,133 | €5,567 | ▼ 50.0% |
| Tangible fixed assets22/27 | €8,825 | €11,133 | €5,567 | ▼ 50.0% |
| Furniture and vehicles24 | €2,325 | €11,133 | €5,567 | ▼ 50.0% |
| Assets under construction and advance payments27 | €6,500 | - | - | - |
| Current assets29/58 | €31,246 | €80,112 | €129,617 | ▲ 61.8% |
| Stocks and contracts in progress3 | - | - | €20,460 | - |
| Contracts in progress37 | - | - | €20,460 | - |
| Amounts receivable within one year40/41 | €28,366 | €15,952 | €84,029 | ▲ 427% |
| Trade receivables40 | €27,760 | - | €17,439 | - |
| Other amounts receivable41 | €606 | €15,952 | €66,590 | ▲ 317% |
| Cash at bank and in hand54/58 | €2,880 | €64,160 | €4,133 | ▼ 93.6% |
| Deferred charges and accrued income490/1 | - | - | €20,995 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €41,195 | €91,620 | €135,184 | ▲ 47.5% |
| Equity10/15 | €26,477 | €65,845 | €89,274 | ▲ 35.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €24,477 | €63,845 | €87,274 | ▲ 36.7% |
| Amounts payable17/49 | €14,718 | €25,775 | €45,910 | ▲ 78.1% |
| Amounts payable within one year42/48 | €14,718 | €25,775 | €45,310 | ▲ 75.8% |
| Trade debts44 | €6,397 | €3,149 | €26,134 | ▲ 730% |
| Suppliers440/4 | €6,397 | €3,149 | €26,134 | ▲ 730% |
| Taxes, remuneration and social security45 | €8,320 | €22,626 | €19,175 | ▼ 15.3% |
| Taxes450/3 | €8,320 | €22,626 | €19,175 | ▼ 15.3% |
| Other amounts payable47/48 | - | - | €0 | - |
| Accrued charges and deferred income492/3 | - | - | €600 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,477 | €39,368 | €23,429 | ▼ 40.5% |
| + Depreciation and write-downs630 | €2,325 | €8,641 | €5,941 | ▼ 31.2% |
| Operating cash flow (approximation) | €26,802 | €48,009 | €29,370 | ▼ 38.8% |
| Investment in fixed assets (approximation) | - | -€10,950 | -€375 | ▲ 96.6% |
| Change in cash | - | €61,280 | -€60,027 | ▼ 198% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial
Weakest financial yearnet €23,429 ▼40.5%
Net result drops to €23,429, the lowest in the series.
01-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-06
Financial
Highest result since 2023net €39,368 ▲60.8%
Operating result €50,713, net result €39,368, both a record.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Boussu · 1 establishment unit since 2022
Ground area
64 m²
Parcel 53041B0463/00K003, Wallonia. Linked by address, not a title deed.
1 establishment unit
FJM CONSTRUCT
since 20222.331.426.573
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53041B0463/00K003 | Wallonia | 64 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,691 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-04-2022
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785283690
Also
9925:BE0785283690
Registered
18-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.