J.M.V.D.
ActiveSummary
J.M.V.D. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220k and a net result of €100k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+24
Solvency78▼-10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 2.8 in 2024; short-term debt: 30.1% and cash: 22.1% of total assets), and 46.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
53.3%
Return on assets
24.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
44 d early
2023
29 d early
2022
28 d early
2021
23 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€100k▲ 696%
2024 · €13k
2018: €46k
2019: €52k▲ +13.5% vs 2018
2020: €59k▲ +11.7% vs 2019
2021: €32k▼ -46.1% vs 2020
2022: €21k▼ -34.6% vs 2021
2023: €22k▲ +5.6% vs 2022
2024: €13k▼ -42.1% vs 2023lowest in 8 years
2025: €100k▲ +696% vs 2024highest in 8 years
2018 → 2025
Working capital
€205k▲ 29.3%
2024 · €159k
2018: €119klowest in 8 years
2019: €170k▲ +42.7% vs 2018
2020: €202k▲ +19.0% vs 2019
2021: €159k▼ -21.4% vs 2020
2022: €180k▲ +13.3% vs 2021
2023: €159k▼ -11.7% vs 2022
2024: €159k▲ +0.1% vs 2023
2025: €205k▲ +29.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€161k-€182k▲ 12.8%€160k▼ 12.1%€172k▲ 7.9%€220k▲ 27.9%
2021: €161k
2022: €182k▲ +12.8% vs 2021
2023: €160k▼ -12.1% vs 2022lowest in 5 years
2024: €172k▲ +7.9% vs 2023
2025: €220k▲ +27.9% vs 2024highest in 5 years
Operating result€52k-€30k▼ 41.1%€33k▲ 8.9%€52k▲ 55.9%€103k▲ 99.0%
2021: €52k
2022: €30k▼ -41.1% vs 2021lowest in 5 years
2023: €33k▲ +8.9% vs 2022
2024: €52k▲ +55.9% vs 2023
2025: €103k▲ +99.0% vs 2024highest in 5 years
Net result€32k-€21k▼ 34.6%€22k▲ 5.6%€13k▼ 42.1%€100k▲ 696%
2021: €32k
2022: €21k▼ -34.6% vs 2021
2023: €22k▲ +5.6% vs 2022
2024: €13k▼ -42.1% vs 2023lowest in 5 years
2025: €100k▲ +696% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 99% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €413k
Fixed assets
€83k ▲ 237%
Current assets
€330k ▲ 33.3%
Equity and liabilities €413k
Equity
€220k ▲ 27.9%
Provisions
€61k
Debt
€131k ▲ 31.8%
Debt's share of the balance-sheet total falls from 36.7% to 31.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▲
2024 · €58k
Cash flow
€109k▲
2024 · €19k
Current ratio
2.65▼
2024 · 2.80
Debt to equity
0.60▲
2024 · 0.58
ROE
45.6%▲
2024 · 7.3%
ROA
24.3%▲
2024 · 4.6%
Interest coverage
115.96▲
2024 · 58.44
Debt ≤ 1 year
€124k▲
2024 · €88k
Debt > 1 year
€7k▼
2024 · €11k
Income taxes
€50k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€272k€413k▲
Fixed assets21/28€25k€83k▲
Tangible fixed assets22/27€25k€23k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€6k
Leasing and similar rights25€22k€15k▼
Financial fixed assets28€90€60k▲
Current assets29/58€247k€330k▲
Amounts receivable within one year40/41€109k€237k▲
Trade receivables40€78k€199k▲
Other amounts receivable41€31k€38k▲
Cash at bank and in hand54/58€137k€91k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€272k€413k▲
Equity10/15€172k€220k▲
Contributions10/11€100€100=
Reserves13€172k€220k▲
Distributable reserves133€172k€220k▲
Provisions and deferred taxes16-€61k
Provisions for liabilities and charges160/5-€61k
Other liabilities and charges164/5-€61k
Amounts payable17/49€100k€131k▲
Amounts payable after more than one year17€11k€7k▼
Financial debts170/4€11k€7k▼
Amounts payable within one year42/48€88k€124k▲
Current portion of amounts payable after more than one year42€5k€5k▼
Trade debts44€57k€32k▼
Suppliers440/4€57k€32k▼
Taxes, remuneration and social security45€26k€70k▲
Taxes450/3€21k€64k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48-€16k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€61k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€60k€174k▲
Operating profit (loss)9901€52k€103k▲
Financial income75/76B€1k€48k▲
Recurring financial income75€1k€48k▲
Financial charges65/66B€995€961▼
Recurring financial charges65€995€961▼
Profit (loss) for the period before taxes9903€52k€150k▲
Income taxes67/77€39k€50k▲
Profit (loss) for the period9904€13k€100k▲
Profit (loss) for the period to be appropriated9905€13k€100k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€100k▲
Transfer from equity791/2-€52k
Transfer to equity691/2€13k€100k▲
To other reserves6921€13k€100k▲
Profit to be distributed694/7-€52k
Return on contributions (dividend)694-€52k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €920 | €6k | €9k | ▲ 32.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €61k | - |
| Other operating charges640/8 | €348 | €410 | €679 | €2k | €1k | ▼ 49.2% |
| Gross operating margin9900 | €53k | €32k | €35k | €60k | €174k | ▲ 188% |
| Operating profit (loss)9901 | €52k | €30k | €33k | €52k | €103k | ▲ 99.0% |
| Financial income75/76B | €921 | €933 | €345 | €1k | €48k | ▲ 3,582% |
| Recurring financial income75 | €921 | €933 | €345 | €1k | €48k | ▲ 3,582% |
| Financial charges65/66B | €228 | €150 | €49 | €995 | €961 | ▼ 3.4% |
| Recurring financial charges65 | €228 | €150 | €49 | €995 | €961 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €52k | €31k | €33k | €52k | €150k | ▲ 189% |
| Income taxes67/77 | €21k | €11k | €12k | €39k | €50k | ▲ 25.8% |
| Profit (loss) for the period9904 | €32k | €21k | €22k | €13k | €100k | ▲ 696% |
| Profit (loss) for the period to be appropriated9905 | €32k | €21k | €22k | €13k | €100k | ▲ 696% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €254k | €251k | €224k | €272k | €413k | ▲ 51.8% |
| Fixed assets21/28 | €2k | €2k | €769 | €25k | €83k | ▲ 237% |
| Tangible fixed assets22/27 | €2k | €2k | €679 | €25k | €23k | ▼ 6.6% |
| Plant, machinery and equipment23 | €1k | €1k | €554 | €2k | €1k | ▼ 38.5% |
| Furniture and vehicles24 | €790 | €430 | €125 | - | €6k | - |
| Leasing and similar rights25 | - | - | - | €22k | €15k | ▼ 31.2% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €60k | ▲ 66,667% |
| Current assets29/58 | €252k | €249k | €224k | €247k | €330k | ▲ 33.3% |
| Amounts receivable after more than one year29 | €22k | €37k | - | - | - | - |
| Other amounts receivable291 | €22k | €37k | - | - | - | - |
| Amounts receivable within one year40/41 | €58k | €53k | €53k | €109k | €237k | ▲ 118% |
| Trade receivables40 | €58k | €48k | €38k | €78k | €199k | ▲ 156% |
| Other amounts receivable41 | €36 | €5k | €15k | €31k | €38k | ▲ 21.7% |
| Cash at bank and in hand54/58 | €170k | €160k | €169k | €137k | €91k | ▼ 33.2% |
| Deferred charges and accrued income490/1 | €2k | €443 | €2k | €2k | €1k | ▼ 21.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €254k | €251k | €224k | €272k | €413k | ▲ 51.8% |
| Equity10/15 | €161k | €182k | €160k | €172k | €220k | ▲ 27.9% |
| Contributions10/11 | €41k | €41k | €100 | €100 | €100 | = |
| Reserves13 | €120k | €140k | €159k | €172k | €220k | ▲ 27.9% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €117k | €138k | €159k | €172k | €220k | ▲ 27.9% |
| Provisions and deferred taxes16 | - | - | - | - | €61k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €61k | - |
| Other liabilities and charges164/5 | - | - | - | - | €61k | - |
| Amounts payable17/49 | €93k | €69k | €65k | €100k | €131k | ▲ 31.8% |
| Amounts payable after more than one year17 | - | - | - | €11k | €7k | ▼ 37.0% |
| Financial debts170/4 | - | - | - | €11k | €7k | ▼ 37.0% |
| Amounts payable within one year42/48 | €93k | €69k | €65k | €88k | €124k | ▲ 40.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €5k | ▼ 8.7% |
| Trade debts44 | €37k | €45k | €46k | €57k | €32k | ▼ 42.9% |
| Suppliers440/4 | €37k | €45k | €46k | €57k | €32k | ▼ 42.9% |
| Taxes, remuneration and social security45 | €33k | €24k | €18k | €26k | €70k | ▲ 169% |
| Taxes450/3 | €27k | €22k | €13k | €21k | €64k | ▲ 209% |
| Remuneration and social security454/9 | €6k | €2k | €6k | €6k | €7k | ▲ 17.7% |
| Other amounts payable47/48 | €23k | €129 | - | - | €16k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €21k | €22k | €13k | €100k | ▲ 696% |
| + Depreciation and write-downs630 | €1k | €1k | €920 | €6k | €9k | ▲ 32.7% |
| Operating cash flow (approximation) | €33k | €22k | €23k | €19k | €109k | ▲ 471% |
| Investment in fixed assets (approximation) | - | €-747 | €0 | €-30k | €-67k | ▼ 121% |
| Change in cash | - | €-11k | €9k | €-32k | €-45k | ▼ 40.5% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €100k ▲696%
Operating result €103k, net result €100k, both a record.
31-12
Financial
Equity above €200kEq €220k ▲27.9%
8 profitable years in a row build equity to €220k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €13k ▼42.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €205k ▲19.1%
3 profitable years in a row build equity to €205k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Equity above €150kEq €172k ▲43.7%
2 profitable years in a row build equity to €172k.
Show earlier events
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 107 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 85 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Watermaal-Bosvoorde · 1 establishment unit since 1992
Ground area
3,964 m²
Building footprint
823 m²
Volume, LiDAR
11,970 m³
2 parcels, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 establishment unit
JMCD
since 19922.055.817.208
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0165/00X003 | Brussels | 3,327 m² | 1 · 719 m² | 18.4 m · 5 fl. |
| 21017D0296/00R003 | Brussels | 637 m² | 1 · 105 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500881CE862B87822
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,130 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
Founded08-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
jm@jmcd.be
Scores and ratios are computed by Checked and are not a credit decision.