J.O. CONSTRUCT
ActiveSummary
J.O. CONSTRUCT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€30,383) and a net result of €10,598. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 408 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency0=
Growth66▼-4
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.46 in 2024; short-term debt: 156.9% and cash: 18% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-60.1%
Return on assets
21%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 408 sector peers (2025).
NBB · sector comparisonPosition among 408 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
9 d early
2023
23 d late
2022
25 d late
2021
30 d late
2020
26 d late
2019
38 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 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Hainaut, Furniture sector
Turnover
€123,530▼ 5.6%
2024 · €130,878
EBIT margin
17.8%▼ 15.3pp
2024 · 33.1%
Net result
€10,598▼ 73.9%
2024 · €40,572
Working capital
-€34,911▲ 22.9%
2024 · -€45,263
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€10,540▼ 67.1%€37,120€130,878▲ 253%€123,530▼ 5.6%
Operating result-€21,210▲ 19.2%-€24,161▼ 13.9%-€2,208▲ 90.9%€43,318€21,971▼ 49.3%
Net result-€21,768below the sector's middle half▲ 18.4%-€24,281below the sector's middle half▼ 11.5%-€2,354within the sector's middle half▲ 90.3%€40,572above the sector's middle half€10,598within the sector's middle half▼ 73.9%
EBIT margin-201.2%▼ 119.3pp-5.9%33.1%▲ 39.0pp17.8%▼ 15.3pp
Equity-€54,919below the sector's middle half▼ 65.7%-€79,199below the sector's middle half▼ 44.2%-€81,553below the sector's middle half▼ 3.0%-€40,981below the sector's middle half▲ 49.7%-€30,383below the sector's middle half▲ 25.9%
Total assets€22,317below the sector's middle half▼ 9.1%€19,086below the sector's middle half▼ 14.5%€39,755below the sector's middle half▲ 108%€45,486below the sector's middle half▲ 14.4%€50,563below the sector's middle half▲ 11.2%
Debt€69,776▲ 45.8%€93,022▲ 33.3%€117,259▲ 26.1%€83,631▼ 28.7%€79,323▼ 5.2%
Working capital-€53,097▼ 69.4%-€77,181▼ 45.4%-€78,356▼ 1.5%-€45,263▲ 42.2%-€34,911▲ 22.9%
Solvency-246.1%below the sector's middle half▼ 111.0pp-415.0%below the sector's middle half▼ 168.9pp-205.1%below the sector's middle half▲ 209.8pp-90.1%below the sector's middle half▲ 115.0pp-60.1%below the sector's middle half▲ 30.0pp
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50,563
Fixed assets
€6,150 ▼ 13.6%
Current assets
€44,413 ▲ 15.8%
Key figures and ratios
EBITDA
€22,939▼
2024 · €44,499
Cash flow
€11,566▼
2024 · €41,753
Current ratio
0.56▲
2024 · 0.46
Debt to equity
-2.61▼
2024 · -2.04
ROA
21.0%▼
2024 · 89.2%
Interest coverage
95.96▼
2024 · 221.91
Debt ≤ 1 year
€79,323▼
2024 · €83,631
Income taxes
€11,134▲
2024 · €2,546
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,799 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €10,540 | - | €37,120 | €130,878 | €123,530 | ▼ 5.6% |
| Non-recurring operating income76A | €4,076 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €35,231 | €36,787 | €37,490 | €86,337 | €98,872 | ▲ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,393 | €2,393 | €2,393 | €1,181 | €968 | ▼ 18.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€2,379 | -€2,196 | -€1,213 | -€1,213 | -€1,213 | = |
| Other operating charges640/8 | €407 | €408 | €450 | €457 | €446 | ▼ 2.4% |
| Non-recurring operating charges66A | €174 | €315 | €209 | €799 | €2,488 | ▲ 212% |
| Gross operating margin9900 | -€20,615 | -€23,242 | -€370 | €44,541 | €24,658 | ▼ 44.6% |
| Operating profit (loss)9901 | -€21,210 | -€24,161 | -€2,208 | €43,318 | €21,971 | ▼ 49.3% |
| Financial charges65/66B | €558 | €119 | €146 | €201 | €239 | ▲ 19.2% |
| Recurring financial charges65 | €558 | €119 | €146 | €201 | €239 | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | -€21,768 | -€24,281 | -€2,354 | €43,118 | €21,732 | ▼ 49.6% |
| Income taxes67/77 | - | - | - | €2,546 | €11,134 | ▲ 337% |
| Profit (loss) for the period9904 | -€21,768 | -€24,281 | -€2,354 | €40,572 | €10,598 | ▼ 73.9% |
| Profit (loss) for the period to be appropriated9905 | -€21,768 | -€24,281 | -€2,354 | €40,572 | €10,598 | ▼ 73.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,317 | €19,086 | €39,755 | €45,486 | €50,563 | ▲ 11.2% |
| Fixed assets21/28 | €5,637 | €3,245 | €852 | €7,118 | €6,150 | ▼ 13.6% |
| Tangible fixed assets22/27 | €5,637 | €3,245 | €852 | €7,118 | €6,150 | ▼ 13.6% |
| Furniture and vehicles24 | €5,637 | €3,245 | €852 | €689 | €370 | ▼ 46.3% |
| Other tangible fixed assets26 | - | - | - | €6,430 | €5,781 | ▼ 10.1% |
| Current assets29/58 | €16,679 | €15,842 | €38,903 | €38,368 | €44,413 | ▲ 15.8% |
| Amounts receivable within one year40/41 | €16,428 | €15,352 | €28,511 | €25,461 | €26,126 | ▲ 2.6% |
| Trade receivables40 | €3,199 | €2,059 | €15,282 | €12,232 | €12,897 | ▲ 5.4% |
| Other amounts receivable41 | €13,229 | €13,293 | €13,229 | €13,229 | €13,229 | = |
| Cash at bank and in hand54/58 | €63 | €3 | €1,460 | €4,694 | €9,116 | ▲ 94.2% |
| Deferred charges and accrued income490/1 | €189 | €487 | €8,931 | €8,213 | €9,170 | ▲ 11.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,317 | €19,086 | €39,755 | €45,486 | €50,563 | ▲ 11.2% |
| Equity10/15 | -€54,919 | -€79,199 | -€81,553 | -€40,981 | -€30,383 | ▲ 25.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€73,519 | -€97,799 | -€100,153 | -€59,581 | -€48,983 | ▲ 17.8% |
| Provisions and deferred taxes16 | €7,459 | €5,263 | €4,050 | €2,836 | €1,623 | ▼ 42.8% |
| Provisions for liabilities and charges160/5 | €7,459 | €5,263 | €4,050 | €2,836 | €1,623 | ▼ 42.8% |
| Other liabilities and charges164/5 | €7,459 | €5,263 | €4,050 | €2,836 | €1,623 | ▼ 42.8% |
| Amounts payable17/49 | €69,776 | €93,022 | €117,259 | €83,631 | €79,323 | ▼ 5.2% |
| Amounts payable within one year42/48 | €69,776 | €93,022 | €117,259 | €83,631 | €79,323 | ▼ 5.2% |
| Trade debts44 | €21,255 | €21,784 | €22,168 | €22,107 | €10,552 | ▼ 52.3% |
| Suppliers440/4 | €21,255 | €21,784 | €22,168 | €22,107 | €10,552 | ▼ 52.3% |
| Taxes, remuneration and social security45 | €686 | €600 | €5,346 | €5,984 | €15,570 | ▲ 160% |
| Taxes450/3 | €686 | €600 | €5,346 | €5,984 | €15,570 | ▲ 160% |
| Other amounts payable47/48 | €47,835 | €70,638 | €89,745 | €55,541 | €53,201 | ▼ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,768 | -€24,281 | -€2,354 | €40,572 | €10,598 | ▼ 73.9% |
| + Depreciation and write-downs630 | €2,393 | €2,393 | €2,393 | €1,181 | €968 | ▼ 18.0% |
| Operating cash flow (approximation) | -€19,375 | -€21,888 | €38 | €41,753 | €11,566 | ▼ 72.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,447 | €0 | ▲ 100% |
| Change in cash | - | -€60 | €1,458 | €3,234 | €4,422 | ▲ 36.8% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €40,572
Net result €40,572 after 4 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€26,682
Net result drops to -€26,682, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Back to profitnet €16,547
Net result €16,547 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mouscron · 1 establishment unit since 2001
Ground area
951 m²
Building footprint
348 m²
Volume, LiDAR
2,187 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Risquons-Toutsteenweg 543, 7700 Mouscron
since 20012.095.130.120
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54435D0158/00A004 | Wallonia | 761 m² | 1 · 254 m² | 8.5 m · 2 fl. |
| 54003R0215/00A000 | Wallonia | 189 m² | 1 · 94 m² | 10.9 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 445 companies in sector 31001 we hold annual accounts for 208. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
31001Manufacture of furniture
25999Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474318914
Also
9925:BE0474318914
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.