Summary
J.M. CONSTRUCT has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €48.3m and a net result of -€1.4m. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 462 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
29 d late
2023
8 d late
2022
11 d late
2021
2 d early
2020
11 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Hasselt, Administrative and support services sector#2 company by equity in Hasselt, Administrative and support services sector
Turnover
€2.3m▼ 36.6%
2024 · €3.6m
EBIT margin
-41.3%▼ 56.8pp
2024 · 15.4%
Net result
-€1.4m
2024 · €598,603
Working capital
-€27.3m▼ 19.1%
2024 · -€22.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.7m▲ 50.4%€1.7m▼ 1.8%€1.4m▼ 17.0%€3.6m▲ 159%€2.3m▼ 36.6%
Operating result-€49,698€441,994€169,304▼ 61.7%€548,859▲ 224%-€931,853
Net result€1.8m▲ 263%€2.2m▲ 19.7%€1.5m▼ 28.7%€598,603▼ 61.4%-€1.4m
EBIT margin-2.9%▼ 34.8pp26.7%▲ 29.6pp12.3%▼ 14.4pp15.4%▲ 3.1pp-41.3%▼ 56.8pp
Equity€45.4m▲ 4.2%€47.5m▲ 4.8%€49.1m▲ 3.3%€49.7m▲ 1.2%€48.3m▼ 2.8%
Total assets€56.7m▲ 29.6%€68.7m▲ 21.3%€74.0m▲ 7.7%€105.8m▲ 43.0%€98.4m▼ 7.0%
Debt€11.3m▲ 6,468%€21.2m▲ 87.6%€25.0m▲ 17.7%€56.2m▲ 125%€50.2m▼ 10.7%
Working capital€11.7m▲ 3.1%€6.7m▼ 42.6%-€4.0m-€22.9m▼ 471%-€27.3m▼ 19.1%
Staff (FTE)2▼ 33.3%2=2=6.9▲ 245%7.9▲ 14.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €931,853 after €548,859 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98.4m
Fixed assets
€86.3m ▼ 5.7%
Current assets
€12.1m ▼ 15.2%
Equity and liabilities €98.4m
Equity
€48.3m ▼ 2.8%
Debt
€50.2m ▼ 10.7%
Debt's share of the balance-sheet total falls from 53.1% to 51.0%. Equity and debt are lower.
Key figures and ratios
ROE
-2.9%▼
2024 · 1.2%
ROA
-1.4%▼
2024 · 0.6%
Debt ≤ 1 year
€39.4m▲
2024 · €37.2m
Debt > 1 year
€10.3m▼
2024 · €18.8m
Income taxes
€408▲
2024 · €366
Staff costs
€865,143▲
2024 · €807,347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.7m | €1.7m | €1.4m | €3.7m | €2.4m | ▼ 33.4% |
| Turnover70 | €1.7m | €1.7m | €1.4m | €3.6m | €2.3m | ▼ 36.6% |
| Other operating income74 | €144 | €35,575 | €8,464 | €117,426 | €192,900 | ▲ 64.3% |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Operating charges60/66A | €1.7m | €1.3m | €1.2m | €3.1m | €3.4m | ▲ 8.1% |
| Goods for resale, raw materials and consumables60 | €304,456 | €256,153 | €133,607 | €113,073 | €435,306 | ▲ 285% |
| Purchases600/8 | - | - | - | €393,630 | €0 | ▼ 100% |
| Change in stocks: decrease (increase)609 | €304,456 | €256,153 | €133,607 | -€280,557 | €435,306 | ▲ 255% |
| Services and other goods61 | €1.2m | €798,068 | €833,312 | €2.2m | €2.1m | ▼ 5.3% |
| Remuneration, social security and pensions62 | €190,985 | €196,055 | €226,030 | €807,347 | €865,143 | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €6,074 | €6,074 | = |
| Other operating charges640/8 | €553 | €1,005 | €21,576 | €10,375 | €1,204 | ▼ 88.4% |
| Non-recurring operating charges66A | €7,629 | €0 | - | - | - | - |
| Operating profit (loss)9901 | -€49,698 | €441,994 | €169,304 | €548,859 | -€931,853 | ▼ 270% |
| Financial income75/76B | €2.0m | €2.2m | €3.0m | €1.9m | €1.7m | ▼ 9.2% |
| Recurring financial income75 | €2.0m | €2.2m | €3.0m | €1.9m | €1.7m | ▼ 9.2% |
| Income from financial fixed assets750 | €1.8m | €1.9m | €2.4m | €943,957 | €1.2m | ▲ 26.5% |
| Income from current assets751 | €121,995 | €303,086 | €583,460 | €803,921 | €499,708 | ▼ 37.8% |
| Other financial income752/9 | - | - | €33 | €121,619 | €2,728 | ▼ 97.8% |
| Non-recurring financial income76B | €628 | €0 | - | - | - | - |
| Financial charges65/66B | €91,942 | €469,172 | €1.6m | €1.8m | €2.2m | ▲ 18.5% |
| Recurring financial charges65 | €91,942 | €469,172 | €1.6m | €1.8m | €2.2m | ▲ 18.5% |
| Debt charges650 | €80,975 | €450,308 | €1.3m | €1.8m | €2.2m | ▲ 18.4% |
| Other financial charges652/9 | €10,967 | €18,864 | €367,453 | €461 | €2,346 | ▲ 408% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.8m | €2.2m | €1.5m | €598,969 | -€1.4m | ▼ 332% |
| Income taxes67/77 | €0 | - | - | €366 | €408 | ▲ 11.6% |
| Taxes670/3 | €0 | - | - | €366 | €408 | ▲ 11.6% |
| Tax adjustments and reversals of tax provisions77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1.8m | €2.2m | €1.5m | €598,603 | -€1.4m | ▼ 332% |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €2.2m | €1.5m | €598,603 | -€1.4m | ▼ 332% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56.7m | €68.7m | €74.0m | €105.8m | €98.4m | ▼ 7.0% |
| Fixed assets21/28 | €44.7m | €51.9m | €53.4m | €91.5m | €86.3m | ▼ 5.7% |
| Tangible fixed assets22/27 | €0 | - | - | €99,687 | €144,595 | ▲ 45.0% |
| Furniture and vehicles24 | €0 | - | - | €10,781 | €4,707 | ▼ 56.3% |
| Assets under construction and advance payments27 | - | - | - | €88,906 | €139,888 | ▲ 57.3% |
| Financial fixed assets28 | €44.7m | €51.9m | €53.4m | €91.4m | €86.2m | ▼ 5.8% |
| Affiliated companies280/1 | €33.3m | €33.3m | €33.4m | €34.9m | €34.2m | ▼ 2.0% |
| Participating interests280 | €32.7m | €32.7m | €32.7m | €34.2m | €34.2m | = |
| Amounts receivable281 | €644,361 | €584,361 | €754,361 | €714,361 | €0 | ▼ 100% |
| Companies linked by participating interests282/3 | €11.4m | €18.7m | €20.0m | €56.5m | €52.0m | ▼ 8.1% |
| Participating interests282 | €2.7m | €4.1m | €4.4m | €30.7m | €31.0m | ▲ 0.9% |
| Amounts receivable283 | €8.6m | €14.5m | €15.6m | €25.8m | €21.0m | ▼ 18.7% |
| Current assets29/58 | €12.0m | €16.8m | €20.6m | €14.3m | €12.1m | ▼ 15.2% |
| Amounts receivable after more than one year29 | €9.7m | €14.7m | €18.4m | €9.8m | €9.4m | ▼ 3.9% |
| Other amounts receivable291 | €9.7m | €14.7m | €18.4m | €9.8m | €9.4m | ▼ 3.9% |
| Stocks and contracts in progress3 | €639,812 | €383,660 | €250,053 | €530,610 | €95,304 | ▼ 82.0% |
| Stocks30/36 | €639,812 | €383,660 | €250,053 | €530,610 | €95,304 | ▼ 82.0% |
| Property held for sale35 | €639,812 | €383,660 | €250,053 | €530,610 | €95,304 | ▼ 82.0% |
| Amounts receivable within one year40/41 | €535,880 | €475,122 | €308,217 | €1.9m | €229,842 | ▼ 88.2% |
| Trade receivables40 | €57,294 | €398,514 | €276,032 | €1.6m | €221,973 | ▼ 85.9% |
| Other amounts receivable41 | €478,586 | €76,608 | €32,185 | €380,460 | €7,870 | ▼ 97.9% |
| Cash at bank and in hand54/58 | €127,903 | €4,695 | €1,334 | €3,552 | €2,680 | ▼ 24.5% |
| Deferred charges and accrued income490/1 | €986,957 | €1.2m | €1.6m | €2.1m | €2.4m | ▲ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56.7m | €68.7m | €74.0m | €105.8m | €98.4m | ▼ 7.0% |
| Equity10/15 | €45.4m | €47.5m | €49.1m | €49.7m | €48.3m | ▼ 2.8% |
| Contributions10/11 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Issued capital100 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Reserves13 | €40.8m | €42.9m | €44.5m | €45.1m | €43.7m | ▼ 3.1% |
| Non-distributable reserves130/1 | €460,000 | €460,000 | €460,000 | €459,786 | €459,786 | = |
| Legal reserve130 | €460,000 | €460,000 | €460,000 | €459,786 | €459,786 | = |
| Distributable reserves133 | €40.3m | €42.5m | €44.0m | €44.6m | €43.2m | ▼ 3.1% |
| Investment grants15 | - | - | - | €507 | €507 | = |
| Amounts payable17/49 | €11.3m | €21.2m | €25.0m | €56.2m | €50.2m | ▼ 10.7% |
| Amounts payable after more than one year17 | €11.0m | €11.0m | €0 | €18.8m | €10.3m | ▼ 45.4% |
| Financial debts170/4 | €11.0m | €11.0m | €0 | €18.8m | €10.3m | ▼ 45.4% |
| Credit institutions173 | €11.0m | €11.0m | €0 | €9.5m | €0 | ▼ 100% |
| Other loans174 | - | - | - | €9.3m | €10.3m | ▲ 10.1% |
| Amounts payable within one year42/48 | €276,506 | €10.1m | €24.6m | €37.2m | €39.4m | ▲ 5.9% |
| Current portion of amounts payable after more than one year42 | - | - | €11.0m | €0 | - | - |
| Financial debts43 | - | - | €3,244 | €0 | - | - |
| Credit institutions430/8 | - | - | €3,244 | €0 | - | - |
| Trade debts44 | €239,029 | €430,609 | €113,681 | €896,512 | €239,729 | ▼ 73.3% |
| Suppliers440/4 | €239,029 | €430,609 | €113,681 | €896,512 | €239,729 | ▼ 73.3% |
| Advances received on contracts in progress46 | €13,250 | €18,000 | €31,750 | €0 | €6,500 | - |
| Taxes, remuneration and social security45 | €24,227 | €35,974 | €32,733 | €326,171 | €136,860 | ▼ 58.0% |
| Taxes450/3 | €2,984 | €10,448 | €3,223 | €187,610 | €14,510 | ▼ 92.3% |
| Remuneration and social security454/9 | €21,243 | €25,526 | €29,510 | €138,561 | €122,351 | ▼ 11.7% |
| Other amounts payable47/48 | €0 | €9.6m | €13.4m | €36.0m | €39.0m | ▲ 8.5% |
| Accrued charges and deferred income492/3 | €26,120 | €112,241 | €336,828 | €146,037 | €481,680 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.8m | €2.2m | €1.5m | €598,603 | -€1.4m | ▼ 332% |
| + Depreciation and write-downs630 | €0 | - | - | €6,074 | €6,074 | = |
| Operating cash flow (approximation) | €1.8m | €2.2m | €1.5m | €604,677 | -€1.4m | ▼ 329% |
| Investment in fixed assets (approximation) | - | -€7.2m | -€1.5m | -€38.1m | €5.2m | ▲ 114% |
| Change in cash | - | -€123,208 | -€3,361 | €2,219 | -€872 | ▼ 139% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
30-03
State Gazette act
Resignation: Pampelonne BV (director)Permanent representatives: Marieke Meugens and Tom Melotte · Appointment: Tom Melotte BV (director)5 facts ▸
State Gazette act
Resignation: Pampelonne BV (director)
Permanent representatives: Marieke Meugens and Tom Melotte · Appointment: Tom Melotte BV (director)5 facts ▸
- General meeting, 01/12/2025
- Director resignation, Pampelonne BV (director)
- Permanent representative, Marieke Meugens
- Director appointment, Tom Melotte BV (director)
- Permanent representative, Tom Melotte
2025
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Board 1
Tom Melotte BV
CurrentDirector · since 01-12-2025 · Legal entity · perm. rep.: Tom Melotte
Permanent representatives 1
Tom Melotte
CurrentPermanent representative · since 01-12-2025 · for Tom Melotte BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
17 of this company's 18 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1990
Ground area
6.6 ha
Building footprint
1.6 ha
Volume, LiDAR
458 m³
2 parcels, Flanders · tallest building 4.2 m, ±1 floor. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
J.M. CONSTRUCT
since 19902.046.758.891
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0552/00C000 | Flanders | 6.5 ha | 1 · 1.6 ha | - |
| 71403G0456/00V000indicative | Flanders | 1,147 m² | 1 · 178 m² | 4.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Tom Melotte BV |
|
| Pampelonne BV |
|
Structure & network
Owners and holdings
21 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 21
- Global LangerlosubsidiaryEquity €1.8mResult €146,110100%
- Health Science Park of LimburgsubsidiaryEquity €10,099Result -€51,401100%
- LANKLAAR INVESTsubsidiaryEquity €849,794Result -€8,213100%
- Maasland GroefuitbatingsubsidiaryEquity €13.8mResult -€2,732100%
- MACHIELS REAL ESTATEsubsidiaryEquity €11.2mResult -€300,006100%
- MACHIELS SERVICESsubsidiaryEquity €996,009Result -€66,376100%
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Show 11 more holdings
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33.33%
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According to the 2025 annual accounts of J.M. CONSTRUCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
81100Combined facilities support activities
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439659230
Registered
05-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.