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J-CONSTRUCT

Active
Private limited companyfounded 2011active for 14 yearsVelodreef 3, 2910 Essen, BelgiumKBO/BCE: BE 0843.307.904

From the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

J-CONSTRUCT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,659 and a net result of €15,392, of which €11,421 non-recurring income. Equity is growing by about 6.3% per year across the filed financial years. Its solvency ranks better than 31% of 2,323 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
10-07-2026
Format
micro format
Reference
2026-00279821
Turnover
≈ €240,000
Estimated: probably between €160,000 and €420,000
Total assets
€196,585▲ 75.3%
2024 · €112,114
Net result
€15,392
2024 · -€7,962
Working capital
€25,036▲ 198%
2024 · €8,398
Trend over the years

2022 to 2025, 4 financial years

The operating result returns to profit in 2025: €24,744 after a loss of €3,974 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€24,744 2025 Net result€15,392 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€14,992-€7,660▼ 48.9%-€3,974€24,744
Net result€9,102within the sector's middle half-€2,345within the sector's middle half▼ 74.2%-€7,962below the sector's middle half€15,392within the sector's middle half
Equity€42,885within the sector's middle half-€45,230within the sector's middle half▲ 5.5%€37,268within the sector's middle half▼ 17.6%€52,659within the sector's middle half▲ 41.3%
Total assets€66,869below the sector's middle half-€127,093within the sector's middle half▲ 90.1%€112,114within the sector's middle half▼ 11.8%€196,585within the sector's middle half▲ 75.3%
Debt€23,984-€81,863▲ 241%€74,846▼ 8.6%€143,926▲ 92.3%
Working capital€21,029within the sector's middle half-€15,541within the sector's middle half▼ 26.1%€8,398within the sector's middle half▼ 46.0%€25,036within the sector's middle half▲ 198%
Solvency64.1%within the sector's middle half-35.6%within the sector's middle half▼ 28.5pp33.2%within the sector's middle half▼ 2.3pp26.8%within the sector's middle half▼ 6.5pp
Current ratio1.88within the sector's middle half-1.48within the sector's middle half▼ 0.391.21within the sector's middle half▼ 0.271.40within the sector's middle half▲ 0.18
Return on assets (ROA)13.6%within the sector's middle half-1.8%within the sector's middle half▼ 11.8pp-7.1%below the sector's middle half▼ 8.9pp7.8%within the sector's middle half▲ 14.9pp
Staff (FTE)1
above within below the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,585
Fixed assets €108,280 ▲ 68.3%
Current assets €88,305 ▲ 84.8%
Equity and liabilities €196,585
Equity €52,659 ▲ 41.3%
Debt €143,926 ▲ 92.3%
Debt's share of the balance-sheet total rises from 66.8% to 73.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48,868▲
2024 · €17,171
Cash flow
€39,516▲
2024 · €13,183
Quick ratio
1.11▲
2024 · 0.29
Debt to equity
2.73▲
2024 · 2.01
ROE
29.2%▲
2024 · -21.4%
Interest coverage
13.39▲
2024 · 4.97
Debt ≤ 1 year
€63,269▲
2024 · €39,388
Debt > 1 year
€80,657▲
2024 · €35,458
Income taxes
€5,732▲
2024 · €531
Staff costs
€30,202▲
2024 · €274
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
95.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,053 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines

Source: Annual accounts 2025 at the NBB, filed with the National Bank on 10-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€112,114€196,585▲
Fixed assets21/28€64,328€108,280▲
Tangible fixed assets22/27€59,828€103,780▲
Plant, machinery and equipment23€7,546€6,077▼
Furniture and vehicles24€6,600€97,703▲
Leasing and similar rights25€44,841-
Other tangible fixed assets26€841-
Financial fixed assets28€4,500€4,500=
Current assets29/58€47,786€88,305▲
Stocks and contracts in progress3€36,254€18,208▼
Stocks30/36€17,359€18,208▲
Contracts in progress37€18,895-
Amounts receivable within one year40/41€6,438€64,686▲
Trade receivables40€5,729€62,128▲
Other amounts receivable41€709€2,558▲
Cash at bank and in hand54/58€4,790-
Deferred charges and accrued income490/1€304€5,411▲
Equity and liabilities
Total equity and liabilities10/49€112,114€196,585▲
Equity10/15€37,268€52,659▲
Contributions10/11€10,000€10,000=
Reserves13€34,815€42,659▲
Tax-exempt reserves132€93-
Distributable reserves133€34,722€42,659▲
Profit (loss) carried forward14-€7,548-
Amounts payable17/49€74,846€143,926▲
Amounts payable after more than one year17€35,458€80,657▲
Financial debts170/4€35,458€80,657▲
Amounts payable within one year42/48€39,388€63,269▲
Current portion of amounts payable after more than one year42€14,154€16,840▲
Financial debts43-€14,483
Credit institutions430/8-€14,483
Trade debts44€10,840€11,034▲
Suppliers440/4€10,840€11,034▲
Advances received on contracts in progress46€931-
Taxes, remuneration and social security45-€6,662
Taxes450/3-€4,232
Remuneration and social security454/9-€2,430
Other amounts payable47/48€13,463€14,249▲
Income statement Code20242025
Non-recurring operating income76A-€11,421
Remuneration, social security and pensions62€274€30,202▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,145€24,124▲
Other operating charges640/8€1,757€1,136▼
Gross operating margin9900€19,203€80,205▲
Operating profit (loss)9901-€3,974€24,744▲
Financial income75/76B€1€31▲
Recurring financial income75€1€31▲
Financial charges65/66B€3,457€3,651▲
Recurring financial charges65€3,457€3,651▲
Profit (loss) for the period before taxes9903-€7,431€21,124▲
Income taxes67/77€531€5,732▲
Profit (loss) for the period9904-€7,962€15,392▲
Profit (loss) for the period to be appropriated9905-€7,962€15,392▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,548€7,844▲
Profit (loss) brought forward from the previous period14P€415-€7,548▼
Transfer from equity791/2-€93
Transfer to equity691/2-€7,937
To other reserves6921-€7,937

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the accounts filed with the National Bank.

Line2022202320242025Change
Non-recurring operating income76A---€11,421-
Remuneration, social security and pensions62--€274€30,202▲ 110×
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,280€18,745€21,145€24,124▲ 14.1%
Other operating charges640/8€868€1,343€1,757€1,136▼ 35.4%
Gross operating margin9900€22,141€27,748€19,203€80,205▲ 318%
Operating profit (loss)9901€14,992€7,660-€3,974€24,744-
Financial income75/76B€32€736€1€31▲ 49×
Recurring financial income75€32€736€1€31▲ 49×
Financial charges65/66B€264€4,166€3,457€3,651▲ 5.6%
Recurring financial charges65€264€4,166€3,457€3,651▲ 5.6%
Profit (loss) for the period before taxes9903€14,761€4,231-€7,431€21,124-
Income taxes67/77€5,659€1,886€531€5,732▲ 979%
Profit (loss) for the period9904€9,102€2,345-€7,962€15,392-
Profit (loss) for the period to be appropriated9905€9,102€2,345-€7,962€15,392-
Line2022202320242025Change
Assets
Total assets20/58€66,869€127,093€112,114€196,585▲ 75.3%
Fixed assets21/28€21,856€79,301€64,328€108,280▲ 68.3%
Tangible fixed assets22/27€20,956€78,401€59,828€103,780▲ 73.5%
Plant, machinery and equipment23€14,648€11,172€7,546€6,077▼ 19.5%
Furniture and vehicles24€3,728€6,324€6,600€97,703▲ 15×
Leasing and similar rights25-€59,223€44,841--
Other tangible fixed assets26€2,580€1,682€841--
Financial fixed assets28€900€900€4,500€4,500=
Current assets29/58€45,013€47,792€47,786€88,305▲ 84.8%
Stocks and contracts in progress3€7,824€20,563€36,254€18,208▼ 49.8%
Stocks30/36€2,269€17,359€17,359€18,208▲ 4.9%
Contracts in progress37€5,555€3,204€18,895--
Amounts receivable within one year40/41€28,519€18,646€6,438€64,686▲ 905%
Trade receivables40€21,076€12,986€5,729€62,128▲ 985%
Other amounts receivable41€7,443€5,659€709€2,558▲ 261%
Cash at bank and in hand54/58€8,224€7,368€4,790--
Deferred charges and accrued income490/1€446€1,215€304€5,411▲ 18×
Equity and liabilities
Total equity and liabilities10/49€66,869€127,093€112,114€196,585▲ 75.3%
Equity10/15€42,885€45,230€37,268€52,659▲ 41.3%
Contributions10/11€10,000€10,000€10,000€10,000=
Reserves13€32,471€34,815€34,815€42,659▲ 22.5%
Tax-exempt reserves132€93€93€93--
Distributable reserves133€32,378€34,722€34,722€42,659▲ 22.9%
Profit (loss) carried forward14€415€415-€7,548--
Amounts payable17/49€23,984€81,863€74,846€143,926▲ 92.3%
Amounts payable after more than one year17-€49,612€35,458€80,657▲ 127%
Financial debts170/4-€49,612€35,458€80,657▲ 127%
Amounts payable within one year42/48€23,984€32,251€39,388€63,269▲ 60.6%
Current portion of amounts payable after more than one year42-€13,565€14,154€16,840▲ 19.0%
Financial debts43-€2,078-€14,483-
Credit institutions430/8-€2,078-€14,483-
Trade debts44€15,873€9,976€10,840€11,034▲ 1.8%
Suppliers440/4€15,873€9,976€10,840€11,034▲ 1.8%
Advances received on contracts in progress46--€931--
Taxes, remuneration and social security45€7,080€5,661-€6,662-
Taxes450/3€7,080€5,661-€4,232-
Remuneration and social security454/9---€2,430-
Other amounts payable47/48€1,032€971€13,463€14,249▲ 5.8%
Line2022202320242025Change
Profit (loss) for the period9904€9,102€2,345-€7,962€15,392-
+ Depreciation and write-downs630€6,280€18,745€21,145€24,124▲ 14.1%
Operating cash flow (approximation)€15,382€21,089€13,183€39,516▲ 200%
Investment in fixed assets (approximation)--€76,190-€6,172-€68,077▼ 1,003%
Change in cash--€856-€2,578--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2025 micro format 10-07-2026 2026-00279821 NBB
31-12-2024 micro format 23-07-2025 2025-00298864 PDF
31-12-2023 micro format 20-08-2024 2024-00353089 PDF
31-12-2022 micro format 16-09-2023 2023-00447229 PDF

Similar companies · same sector, comparable size

Of the 3,944 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,177. 1,457 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 to 2025 · 2 entries · €2,883 awarded · €2,883 paid
Year Entries AwardedPaid
2025 1 €1,035€1,035
2023 1 €1,848€1,848
Schemes
2 entries · €2,883 · €2,883 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.