J.P.W. CONSTRUCT
ActiveSummary
J.P.W. CONSTRUCT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44,346 and a net result of €6,708. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+41
Solvency74▲+4
Growth67▲+22
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 1.96 in 2023; short-term debt: 35.3% and cash: 6% of total assets), but 50.5% of the assets are financed with debt.
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Signals
Four 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
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 2024Solvency, return and age of the figures
Solvency
49.5%
Return on assets
7.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
8 d early
2022
33 d early
2021
1 d late
2020
11 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
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 trust this company with building work?Contractor check 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€168,140▲ 26.2%
2023 · €133,256
EBIT margin
6.7%▲ 4.9pp
2023 · 1.8%
Net result
€6,708▲ 1,122%
2023 · €549
Working capital
€38,829▲ 43.6%
2023 · €27,042
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Turnover€92,483▼ 17.6%€149,255▲ 61.4%€170,631▲ 14.3%€133,256▼ 21.9%€168,140▲ 26.2%
Operating result€1,658▼ 86.3%-€3,926€5,754€2,396▼ 58.4%€11,310▲ 372%
Net result€982within the sector's middle half▼ 90.0%-€4,183below the sector's middle half€4,692within the sector's middle half€549within the sector's middle half▼ 88.3%€6,708within the sector's middle half▲ 1,122%
EBIT margin1.8%▼ 9.0pp-2.6%▼ 4.4pp3.4%▲ 6.0pp1.8%▼ 1.6pp6.7%▲ 4.9pp
Equity€36,580within the sector's middle half▲ 2.8%€32,397within the sector's middle half▼ 11.4%€37,090below the sector's middle half▲ 14.5%€37,639within the sector's middle half▲ 1.5%€44,346within the sector's middle half▲ 17.8%
Total assets€61,551below the sector's middle half▼ 3.5%€47,222below the sector's middle half▼ 23.3%€58,685below the sector's middle half▲ 24.3%€83,852within the sector's middle half▲ 42.9%€89,654within the sector's middle half▲ 6.9%
Debt€24,971▼ 11.3%€14,824▼ 40.6%€21,596▲ 45.7%€46,213▲ 114%€45,308▼ 2.0%
Working capital€32,472▲ 4.6%€30,818▼ 5.1%€36,246▲ 17.6%€27,042▼ 25.4%€38,829▲ 43.6%
Solvency59.4%within the sector's middle half▲ 3.6pp68.6%above the sector's middle half▲ 9.2pp63.2%above the sector's middle half▼ 5.4pp44.9%within the sector's middle half▼ 18.3pp49.5%within the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 372% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89,654
Fixed assets
€19,198 ▼ 33.0%
Current assets
€70,456 ▲ 27.6%
Equity and liabilities €89,654
Equity
€44,346 ▲ 17.8%
Debt
€45,308 ▼ 2.0%
Debt's share of the balance-sheet total falls from 55.1% to 50.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,154▲
2023 · €3,004
Cash flow
€16,552▲
2023 · €1,156
Current ratio
2.23▲
2023 · 1.96
Debt to equity
1.02▼
2023 · 1.23
ROE
15.1%▲
2023 · 1.5%
ROA
7.5%▲
2023 · 0.7%
Interest coverage
8.59▲
2023 · 2.17
Debt ≤ 1 year
€31,626▲
2023 · €28,160
Debt > 1 year
€13,681▼
2023 · €18,054
Income taxes
€2,144▲
2023 · €462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €92,483 | €149,255 | €170,631 | €133,256 | €168,140 | ▲ 26.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €149,628 | €165,676 | €130,068 | €146,331 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,799 | €3,545 | €736 | €607 | €9,844 | ▲ 1,520% |
| Other operating charges640/8 | - | €606 | €3,224 | €928 | €1,480 | ▲ 59.5% |
| Gross operating margin9900 | €6,203 | €226 | €9,714 | €3,932 | €22,635 | ▲ 476% |
| Operating profit (loss)9901 | €1,658 | -€3,926 | €5,754 | €2,396 | €11,310 | ▲ 372% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | - | €257 | €430 | €1,385 | €2,462 | ▲ 77.7% |
| Recurring financial charges65 | €676 | €257 | €430 | €1,385 | €2,462 | ▲ 77.7% |
| Profit (loss) for the period before taxes9903 | €982 | -€4,183 | €5,324 | €1,011 | €8,852 | ▲ 776% |
| Income taxes67/77 | - | - | €632 | €462 | €2,144 | ▲ 364% |
| Profit (loss) for the period9904 | €982 | -€4,183 | €4,692 | €549 | €6,708 | ▲ 1,122% |
| Profit (loss) for the period to be appropriated9905 | €982 | -€4,183 | €4,692 | €549 | €6,708 | ▲ 1,122% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,551 | €47,222 | €58,685 | €83,852 | €89,654 | ▲ 6.9% |
| Fixed assets21/28 | €4,109 | €1,580 | €844 | €28,650 | €19,198 | ▼ 33.0% |
| Tangible fixed assets22/27 | €3,831 | €1,381 | €645 | €28,451 | €19,101 | ▼ 32.9% |
| Plant, machinery and equipment23 | - | €118 | - | - | - | - |
| Furniture and vehicles24 | - | €1,263 | €645 | €1,285 | €998 | ▼ 22.4% |
| Leasing and similar rights25 | - | - | - | €27,166 | €18,103 | ▼ 33.4% |
| Financial fixed assets28 | €278 | €199 | €199 | €199 | €97 | ▼ 51.3% |
| Current assets29/58 | €57,443 | €45,642 | €57,841 | €55,202 | €70,456 | ▲ 27.6% |
| Amounts receivable after more than one year29 | - | €29,918 | €33,525 | €33,525 | €33,525 | = |
| Trade receivables290 | - | €29,918 | €33,525 | €33,525 | €33,525 | = |
| Amounts receivable within one year40/41 | €19,201 | €5,301 | €18,447 | €8,400 | €29,458 | ▲ 251% |
| Trade receivables40 | - | €4,270 | €17,279 | €7,399 | €22,701 | ▲ 207% |
| Other amounts receivable41 | - | €1,031 | €1,168 | €1,001 | €6,757 | ▲ 575% |
| Cash at bank and in hand54/58 | €8,324 | €10,423 | €5,869 | €13,277 | €5,419 | ▼ 59.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,053 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,551 | €47,222 | €58,685 | €83,852 | €89,654 | ▲ 6.9% |
| Equity10/15 | €36,580 | €32,397 | €37,090 | €37,639 | €44,346 | ▲ 17.8% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €1,540 | €1,540 | €1,540 | €1,540 | €1,540 | = |
| Non-distributable reserves130/1 | - | €1,540 | €1,540 | - | - | - |
| Reserves not available under the articles1311 | - | €1,540 | €1,540 | - | - | - |
| Distributable reserves133 | - | - | - | €1,540 | €1,540 | = |
| Profit (loss) carried forward14 | €33,040 | €28,858 | €33,550 | €34,099 | €40,806 | ▲ 19.7% |
| Amounts payable17/49 | €24,971 | €14,824 | €21,596 | €46,213 | €45,308 | ▼ 2.0% |
| Amounts payable after more than one year17 | - | - | - | €18,054 | €13,681 | ▼ 24.2% |
| Financial debts170/4 | - | - | - | €18,054 | €13,681 | ▼ 24.2% |
| Amounts payable within one year42/48 | €24,971 | €14,824 | €21,596 | €28,160 | €31,626 | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €1,135 | - | €4,277 | €4,372 | ▲ 2.2% |
| Trade debts44 | €18,062 | €13,345 | €19,491 | €12,386 | €16,073 | ▲ 29.8% |
| Suppliers440/4 | - | €13,345 | €19,491 | €12,386 | €16,073 | ▲ 29.8% |
| Taxes, remuneration and social security45 | - | €345 | €2,105 | €11,497 | €11,182 | ▼ 2.7% |
| Taxes450/3 | - | €345 | €2,105 | €11,497 | €11,182 | ▼ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €982 | -€4,183 | €4,692 | €549 | €6,708 | ▲ 1,122% |
| + Depreciation and write-downs630 | €3,799 | €3,545 | €736 | €607 | €9,844 | ▲ 1,520% |
| Operating cash flow (approximation) | €4,781 | -€638 | €5,428 | €1,156 | €16,552 | ▲ 1,331% |
| Investment in fixed assets (approximation) | - | -€1,016 | €0 | -€28,413 | -€392 | ▲ 98.6% |
| Change in cash | - | €2,099 | -€4,554 | €7,408 | -€7,858 | ▼ 206% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €4,692
Net result €4,692 after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Weakest financial yearnet -€4,183
Net result drops to -€4,183, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Highest result since 2018net €9,822 ▲1,496%
Operating result €12,068, net result €9,822, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Wemmel · 1 establishment unit since 2013
Ground area
147 m²
Building footprint
144 m²
Volume, LiDAR
1,543 m³
Parcel 22662B0387/00R004, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
471
companies at this address
See who is registered here
1 establishment unit
J.P.W. Construct
since 20132.221.413.826
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,536 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
Founded11-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501901259
Also
9925:BE0501901259
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.