J-Lucy Construction · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of J-Lucy Construction is 2.4% (moderate). The 2025 annual accounts show equity of €3k and a net result of €10k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 1078 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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

Signals

1 signal · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1078 sector peers (2025).

View the sector comparison

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

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-01-2026, 183 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. 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 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	29-01-2026	183 d early	2026-00018319
31-12-2024	31-07-2025	04-04-2025	118 d early	2025-00063340
31-12-2023	31-07-2024	26-01-2024	187 d early	2024-00007308

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

Young company

Founded in 2023, under 3 years, statistically higher risk.

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 +Higher-failure-rate region +

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€10k

Working capital€-19k+30.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 29-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~8.2%/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 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.1%	42.2%	better than 13% of 1078 sector peers
Net result	€10k	€11k	better than 46% of 1079 sector peers
Equity	€3k	€35k	better than 12% of 1080 sector peers
Gross operating margin	€33k	€30k	better than 53% of 1078 sector peers
Total assets	€63k	€96k	better than 33% of 1078 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 P13

Stable position over 2023-2025 · n=1078-3827

Net result P46

Improving position over 2023-2025 · n=1079-3824

Equity P12

Stable position over 2023-2025 · n=1080-3832

Gross operating margin P53

Improving position over 2023-2025 · n=1078-3822

Describes the position versus peers, not a forecast.

EBITDA

€31k

+206.2% 23-25

Net profit

€10k

- 23-25

Cash flow

€27k

+335.9% 23-25

Total assets

€63k

-22.0% 23-25

Equity

€3k

- 23-25

Working capital

€-19k

+30.3% 23-25

Income taxes

€71

-23.8% 23-25

Debt

€60k

-31.6% 23-25

Debt ≤ 1y

€29k

-31.6% 23-25

Debt > 1y

€29k

-34.3% 23-25

Current ratio

0.33

-3.7% 23-25

Quick ratio

0.22

-17.0% 23-25

Solvency

5.1%

- 23-25

Debt / equity

18.75

- 23-25

ROE

307.2%

+118.8% 23-25

ROA

15.5%

- 23-25

Interest coverage

7.15

+184.2% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€31k
Net profit	€10k
Cash flow	€27k
Staff costs	-
Income taxes	€71
Dividends	-
Total assets	€63k
Equity	€3k
Debt	€60k
of which ≤ 1y	€29k
of which > 1y	€29k
Working capital	€-19k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.33
Quick ratio	0.22
Working capital ratio	-30.6%
Solvency	5.1%
Debt / equity	18.75
Long-term debt ratio	9.09
Interest coverage	7.15
Gross margin	-
Net margin	-
ROA	15.5%
ROE	307.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €54k · 85.2% Current assets €9k · 14.8%

Equity & liabilities

Equity €3k · 5.1% Debt €60k · 94.9%

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	€63k
Fixed assets	21/28	€54k
Tangible fixed assets	22/27	€54k
Current assets	29/58	€9k
Stocks & contracts in progress	3	€3k
Amounts receivable within one year	40/41	€2k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€63k
Equity	10/15	€3k
Contributions / capital	10/11	€3k
Reserves	13	€713
Amounts payable	17/49	€60k
Amounts payable after one year	17	€29k
Amounts payable within one year	42/48	€29k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€33k
Operating result	9901	€14k
Financial income	75	€0
Financial charges	65	€4k
Result before taxes	9903	€10k
Income taxes	67/77	€71
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

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

51 / 100 Fair

050100

Computed from 5 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.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

J-Lucy Construction

Rue des Foyans(Champs) 44, 6687 BastogneBoren en aanleggen van waterputten, graven van mijnschachten

since 20232.351.961.077

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

Parcels1

Ground area1,965 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.
82016C0100/00R000	Wallonia	1,965 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

63 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 3

Growth 78

Stability 82

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