J & J CONSTRUCT
ActiveSummary
J & J CONSTRUCT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,956 and a net result of €8,092. Equity has been stable since 2019 (±0.5% per year). Its solvency ranks better than 52% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-12-2005 Normal situation
- Activity
- Joinery installation NACE 43320and 1 other
- Establishment unit
- 2.151.221.260 3510 Hasselt, since 20-01-2006
- Financial year end
- 30 June
- Peppol
- Reachable since 27-03-2026
Board and ownership
- JUST Metal DesignDirector · since 13-02-2024 · permanent representative Jurgen STEEGMANS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €50,921
- ▼ 13.3%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €8,092
- ▼ 80.7%
- Equity
- €85,956
- ▼ 7.9%
- Total assets
- €177,014
- ▼ 4.7%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.81, cash €9,489, halvedProfit of €8,092 (financial year 2025)lowers riskFounded in 2005Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 53% of them on solvency, 23% on liquidity, 48% on profitability and 26% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 20 filings
Every figure per financial year
The operating result for 2025 is 72% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €25,694 | €40,000 | €37,908 | €3,826 |
| Depreciation and write-downs of the year | €24,922 | €13,548 | €11,293 | €19,914 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €1,054 awarded · €1,054 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €882 | €882 |
| 2022 | 1 | €172 | €172 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €750 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €844 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,393 | €22,290 | €22,447 | €24,922 | €13,548 | €11,293 | €19,914 | ▲ 76.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€16,039 | €7,262 | -€3,150 | €14,605 | - |
| Other operating charges640/8 | - | - | - | €13,679 | €1,379 | €1,909 | €1,857 | ▼ 2.7% |
| Gross operating margin9900 | €69,388 | €29,513 | -€23,081 | €24,913 | €49,322 | €58,749 | €50,921 | ▼ 13.3% |
| Operating profit (loss)9901 | €35,554 | €25,111 | -€37,291 | €2,351 | €27,132 | €48,696 | €13,700 | ▼ 71.9% |
| Financial income75/76B | - | - | - | €436 | €218 | €490 | €720 | ▲ 47.0% |
| Recurring financial income75 | €8 | €530 | €1,164 | €436 | €218 | €490 | €720 | ▲ 47.0% |
| Financial charges65/66B | - | - | - | €2,688 | €2,612 | €1,832 | €1,973 | ▲ 7.7% |
| Recurring financial charges65 | €2,379 | €3,291 | €2,462 | €2,688 | €2,612 | €1,832 | €1,973 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | €33,182 | €22,350 | -€38,590 | €98 | €24,738 | €47,353 | €12,447 | ▼ 73.7% |
| Income taxes67/77 | €8,956 | €6,844 | €831 | €0 | €2,249 | €5,373 | €4,355 | ▼ 19.0% |
| Profit (loss) for the period9904 | €24,226 | €15,506 | -€39,421 | €98 | €22,489 | €41,980 | €8,092 | ▼ 80.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €24,226 | €15,506 | -€31,633 | €98 | €22,489 | €41,980 | €8,092 | ▼ 80.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €189,285 | €173,395 | €137,287 | €148,438 | €140,262 | €185,671 | €177,014 | ▼ 4.7% |
| Fixed assets21/28 | €37,026 | €48,640 | €33,981 | €34,754 | €21,206 | €47,821 | €31,732 | ▼ 33.6% |
| Tangible fixed assets22/27 | €34,476 | €46,090 | €31,431 | €32,204 | €18,656 | €45,271 | €29,182 | ▼ 35.5% |
| Plant, machinery and equipment23 | - | - | - | €3,518 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €4,797 | €3,239 | €34,993 | €24,044 | ▼ 31.3% |
| Leasing and similar rights25 | - | - | - | €23,889 | €15,417 | €10,278 | €5,139 | ▼ 50.0% |
| Financial fixed assets28 | €2,550 | €2,550 | €2,550 | €2,550 | €2,550 | €2,550 | €2,550 | = |
| Current assets29/58 | €152,259 | €124,754 | €103,306 | €113,684 | €119,056 | €137,850 | €145,282 | ▲ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | €14,000 | €14,000 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €14,000 | €14,000 | €0 | - | - |
| Stocks and contracts in progress3 | €37,685 | €52,910 | €55,677 | €55,322 | €36,514 | €36,514 | €21,908 | ▼ 40.0% |
| Stocks30/36 | - | - | - | €52,397 | €36,514 | €36,514 | €21,908 | ▼ 40.0% |
| Contracts in progress37 | - | - | - | €2,925 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €53,704 | €49,229 | €21,196 | €43,000 | €65,624 | €67,807 | €109,169 | ▲ 61.0% |
| Trade receivables40 | - | - | - | €37,873 | €57,281 | €35,279 | €91,201 | ▲ 159% |
| Other amounts receivable41 | - | - | - | €5,126 | €8,342 | €32,528 | €17,968 | ▼ 44.8% |
| Cash at bank and in hand54/58 | €56,795 | €10,505 | - | - | - | €28,829 | €9,489 | ▼ 67.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,363 | €2,919 | €4,701 | €4,715 | ▲ 0.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €189,285 | €173,395 | €137,287 | €148,438 | €140,262 | €185,671 | €177,014 | ▼ 4.7% |
| Equity10/15 | €95,144 | €110,651 | €71,230 | €71,328 | €93,817 | €93,371 | €85,956 | ▼ 7.9% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €76,544 | €92,051 | €52,630 | €52,728 | €75,217 | €74,771 | €67,356 | ▼ 9.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €5,812 | €5,812 | €5,812 | €5,812 | = |
| Distributable reserves133 | - | - | - | €45,056 | €69,405 | €68,959 | €61,545 | ▼ 10.8% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €94,141 | €62,744 | €66,058 | €77,110 | €46,445 | €92,300 | €91,058 | ▼ 1.3% |
| Amounts payable after more than one year17 | €14,628 | €21,854 | €11,794 | €13,769 | €7,328 | €23,203 | €9,893 | ▼ 57.4% |
| Financial debts170/4 | - | - | - | €13,769 | €7,328 | €23,203 | €9,893 | ▼ 57.4% |
| Amounts payable within one year42/48 | €77,712 | €38,578 | €52,055 | €61,607 | €38,348 | €68,635 | €80,469 | ▲ 17.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,870 | €6,442 | €19,999 | €14,338 | ▼ 28.3% |
| Financial debts43 | - | - | - | €15,387 | €6,640 | €0 | - | - |
| Credit institutions430/8 | - | - | - | €15,387 | €6,640 | €0 | - | - |
| Trade debts44 | €61,507 | €17,576 | €23,553 | €24,300 | €18,538 | €1,842 | €48,665 | ▲ 26× |
| Suppliers440/4 | - | - | - | €24,300 | €18,538 | €1,842 | €48,665 | ▲ 26× |
| Advances received on contracts in progress46 | - | - | - | - | €2,925 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,050 | €3,599 | €12,300 | €2,735 | ▼ 77.8% |
| Taxes450/3 | - | - | - | €4,050 | €3,599 | €12,300 | €2,735 | ▼ 77.8% |
| Other amounts payable47/48 | - | - | - | - | €205 | €34,495 | €14,731 | ▼ 57.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,734 | €769 | €462 | €696 | ▲ 50.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,226 | €15,506 | -€39,421 | €98 | €22,489 | €41,980 | €8,092 | ▼ 80.7% |
| + Depreciation and write-downs630 | €16,393 | €22,290 | €22,447 | €24,922 | €13,548 | €11,293 | €19,914 | ▲ 76.3% |
| Operating cash flow (approximation) | €40,620 | €37,796 | -€16,974 | €25,020 | €36,037 | €53,274 | €28,006 | ▼ 47.4% |
| Investment in fixed assets (approximation) | - | -€33,904 | -€7,788 | -€25,694 | €0 | -€37,908 | -€3,826 | ▲ 89.9% |
| Change in cash | - | -€46,290 | - | - | - | - | -€19,339 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as J & J CONSTRUCT has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of J & J CONSTRUCT itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for J & J CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00014482 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00016178 | |
| 30-06-2023 | micro format | 09-01-2024 | 2024-00546598 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00009059 | |
| 30-06-2021 | micro format | 21-01-2022 | 2022-01400185 | |
| 30-06-2020 | micro format | 22-01-2021 | 2021-01400473 | |
| 30-06-2019 | micro format | 21-01-2020 | 2020-01700575 | |
| 30-06-2018 | micro format | 28-01-2019 | 2019-03600220 | |
| 30-06-2017 | micro format | 22-12-2017 | 2017-73100224 | |
| 30-06-2016 | abbreviated format | 23-01-2017 | 2017-02200549 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Capital transactions
- 05-07-2023 Converted to unavailable equity · €20,460
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| JUST Metal Design |
|
| Jurgen STEEGMANS |
|
| STEEGMANS Jochen |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, bij openvallen plaats voor einde mandaat in collegiaal orgaan hebben overblijvende bestuurders recht nieuwe bestuurder te…”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Werkelijke waarde op dag overdracht, rechthebbenden kunnen weigerende aandeelhouders tot betaling dwingen door alle middelen rechtens”“Geen instemming vereist bij overgang aan aandeelhouder, aandelen mogen niet overgaan wegens overlijden dan met instemming”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, ontbinding en sluiting vereffening in één akte zonder…”
Articles of association, deed of 05-07-2023 (in Dutch)
Network & group
Companies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
04-02
Gazette deed
1 director appointed, 1 director resigningResignation: Jurgen STEEGMANS (director) · Appointment: JUST Metal Design (director) · Permanent representative: Jurgen STEEGMANS7 points ▸
- General meeting, 13-02-2024
- Director resignation, Jurgen STEEGMANS (director)
- Director discharge, Jurgen STEEGMANS
- Director appointment, JUST Metal Design (director)
- Permanent representative, Jurgen STEEGMANS (representative)
- Board composition, Jochen STEEGMANS (director)
- Board composition, JUST Metal Design (director)
05-07
Gazette deed
Changes of role: STEEGMANS Jochen (director) and STEEGMANS Jurgen (director)Capital · Declaration · Director discharge19 points ▸
- Capital
- Other provision, “boeking van inbrengen” (deed in Dutch)
- Director resignation, STEEGMANS Jochen (manager)
- Director resignation, STEEGMANS Jurgen (manager)
- Director appointment, STEEGMANS Jochen (director (not named in the articles))
- Director appointment, STEEGMANS Jurgen (director (not named in the articles))
- Declaration, “verklaring aanvaarding en niet-verbod” (deed in Dutch), mentioned 2 times in the deed
- Director discharge, STEEGMANS Jochen
- Director discharge, STEEGMANS Jurgen
- Registered office clause, “Diestersteenweg 270,3510 Kermt (Hasselt)” (deed in Dutch)
- Power of attorney, Jan LAMBRECHT
- Power of attorney
- The act holds 7 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
22 activities
- De vervaardiging en de montage van metalen constructiewerken en gebinten voor de bouw.
- De vervaardiging van metalen ramen,deuren,wanden en dergelijke.
- De vervaardiging van gesmede werkstukken van metaal voor rekening van derden.
- De vervaardiging en de montage van gesmede werkstukken voor de bouw:trapleuningen,borstweringen,enz.
- De vervaardiging van zinken dakgoten en nokbekleding.
- De vervaardiging van metalen ladders.
- De vervaardiging van brievenbussen.
- De vervaardiging van zitmeubels en onderdelen daarvan voor woningen:stoelen,fauteuils,zitbanken,canapés,taboeretten,enz.
- De vervaardiging van stoelen en zitmeubels voor kantoren en werkplaatsen.
- Vervaardiging van stoelen en zetels voor theaters,bioscopen en dergelijke,voor voertuigen en andere transportmiddelen ongeacht het materiaal;
- De vervaardiging van speciale winkelmeubels,toonbanken,vitrines,rekken,enz.,overwegend van metaal.
- De vervaardiging van meubels voor werkplaatsen,kantoormeubels,meubels voor restaurants,scholen,enz.,overwegend van metaal.
- De vervaardiging van meubels en modulaire meubelelementen voor de inbouwkeukens.
- De vervaardiging van badkamermeubels.
- De vervaardiging van eetkamer-,zitkamer-,en slaapkamermeubelen.
- De vervaardiging van wandkasten,speciale TV-meubels,bijzetmeubels,enz.
- De vervaardiging van tuin- en terrasmeubelen
- Metaalschrijnwerk:de montage van buiten- en binnenschrijnwerk in metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.alsook de installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.in metaal.
- Onderneming voor het monteren van niet-zelfvervaardigde metalen constructiewerken.
- Groot- en kleinhandel,import en export en handelsbemiddeling in goederen in metaal zowel voor het interieur van de woning als voor buiten de woning.
- Groot- en kleinhandel,import en export en handelsbemiddeling in grondstoffen,voor de metaalnijverheid,allerlei metalen en in half-afgewerkte metaalproducten.
- Recyclage van metaalafval.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0877.948.582
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71028B0125/00M000 | Flanders | 109 m² | 1 · 108 m² | 6.8 m · 1 |