J.V. CONSTRUCT
ActiveSummary
J.V. CONSTRUCT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544k and a net result of €75k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 20% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+6
Solvency38▼-8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.1 in 2024; short-term debt: 85.1% and cash: 3.6% of total assets), and 86.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
13.5%
Return on assets
1.8%
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 20% of 837 sector peers (2025).
NBB · sector comparisonPosition among 837 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €544k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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
46 d late
2024
26 d late
2023
12 d late
2022
31 d late
2021
27 d early
2020
26 d late
2019
74 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€75k▲ 3,985%
2024 · €2k
2018: €-8k
2019: €60k▲ +885% vs 2018
2020: €8k▼ -86.1% vs 2019
2021: €-67k▼ -902% vs 2020lowest in 8 years
2022: €-34k▲ +48.8% vs 2021
2023: €-26k▲ +25.5% vs 2022
2024: €2k▲ +107% vs 2023
2025: €75k▲ +3985% vs 2024highest in 8 years
2018 → 2025
Working capital
€175k▲ 8.8%
2024 · €161k
2018: €175k
2019: €209k▲ +19.1% vs 2018
2020: €216k▲ +3.2% vs 2019highest in 8 years
2021: €160k▼ -25.8% vs 2020
2022: €146k▼ -8.5% vs 2021
2023: €142k▼ -3.3% vs 2022lowest in 8 years
2024: €161k▲ +14.0% vs 2023
2025: €175k▲ +8.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€528k-€493k▼ 6.5%€468k▼ 5.2%€469k▲ 0.4%€544k▲ 15.9%
2021: €528k
2022: €493k▼ -6.5% vs 2021
2023: €468k▼ -5.2% vs 2022lowest in 5 years
2024: €469k▲ +0.4% vs 2023
2025: €544k▲ +15.9% vs 2024highest in 5 years
Operating result€-72k-€-45k▲ 37.7%€-35k▲ 22.5%€34k€152k▲ 348%
2021: €-72klowest in 5 years
2022: €-45k▲ +37.7% vs 2021
2023: €-35k▲ +22.5% vs 2022
2024: €34k▲ +197% vs 2023
2025: €152k▲ +348% vs 2024highest in 5 years
Net result€-67k-€-34k▲ 48.8%€-26k▲ 25.5%€2k€75k▲ 3,985%
2021: €-67klowest in 5 years
2022: €-34k▲ +48.8% vs 2021
2023: €-26k▲ +25.5% vs 2022
2024: €2k▲ +107% vs 2023
2025: €75k▲ +3985% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 348% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.04M
Fixed assets
€428k ▲ 7.0%
Current assets
€3.61M ▲ 99.5%
Equity and liabilities €4.04M
Equity
€544k ▲ 15.9%
Provisions
€59k ▼ 35.3%
Debt
€3.43M ▲ 108%
Debt's share of the balance-sheet total rises from 74.6% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173k▲
2024 · €56k
Cash flow
€96k▲
2024 · €24k
Current ratio
1.05▼
2024 · 1.10
Quick ratio
0.24▲
2024 · 0.19
Debt to equity
6.31▲
2024 · 3.51
ROE
13.7%▲
2024 · 0.4%
ROA
1.8%▲
2024 · 0.1%
Interest coverage
2.02▲
2024 · 1.63
Debt ≤ 1 year
€3.43M▲
2024 · €1.65M
Income taxes
€22k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.21M€4.04M▲
Fixed assets21/28€400k€428k▲
Tangible fixed assets22/27€350k€328k▼
Land and buildings22€348k€327k▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€50k€100k▲
Current assets29/58€1.81M€3.61M▲
Stocks and contracts in progress3€1.50M€2.78M▲
Stocks30/36-€129k
Contracts in progress37€1.50M€2.65M▲
Amounts receivable within one year40/41€263k€682k▲
Trade receivables40-€516k
Other amounts receivable41€263k€166k▼
Cash at bank and in hand54/58€42k€146k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.21M€4.04M▲
Equity10/15€469k€544k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€91k€69k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€69k€7k▼
Distributable reserves133€16k€56k▲
Profit (loss) carried forward14€315k€413k▲
Provisions and deferred taxes16€92k€59k▼
Provisions for liabilities and charges160/5€59k€59k=
Pensions and similar obligations160€59k€59k=
Deferred taxes168€32k-
Amounts payable17/49€1.65M€3.43M▲
Amounts payable within one year42/48€1.65M€3.43M▲
Financial debts43€1.45M€2.36M▲
Credit institutions430/8€1.43M€2.25M▲
Other loans439€19k€113k▲
Trade debts44€189k€361k▲
Suppliers440/4€189k€361k▲
Advances received on contracts in progress46€10k€693k▲
Taxes, remuneration and social security45€5€21k▲
Taxes450/3€5€21k▲
Income statement
Code20242025
Non-recurring operating income76A€62-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€8k€10k▲
Non-recurring operating charges66A-€70
Gross operating margin9900€64k€183k▲
Operating profit (loss)9901€34k€152k▲
Financial charges65/66B€34k€88k▲
Recurring financial charges65€34k€86k▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€-404€64k▲
Transfer from deferred taxes780€2k€32k▲
Income taxes67/77-€22k
Profit (loss) for the period9904€2k€75k▲
Transfer from tax-exempt reserves789€4k€63k▲
Profit (loss) for the period to be appropriated9905€6k€137k▲
Appropriation of the result
Profit (loss) to be appropriated9906€315k€453k▲
Profit (loss) brought forward from the previous period14P€309k€315k▲
Transfer to equity691/2-€40k
To other reserves6921-€40k
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €62 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €23k | €23k | €22k | €22k | ▲ 0.3% |
| Other operating charges640/8 | €6k | €5k | €6k | €8k | €10k | ▲ 15.8% |
| Non-recurring operating charges66A | - | - | - | - | €70 | - |
| Gross operating margin9900 | €-38k | €-17k | €-5k | €64k | €183k | ▲ 186% |
| Operating profit (loss)9901 | €-72k | €-45k | €-35k | €34k | €152k | ▲ 348% |
| Financial income75/76B | €4k | €8k | €7k | - | - | - |
| Recurring financial income75 | €4k | €8k | €7k | - | - | - |
| Financial charges65/66B | €1k | €201 | €86 | €34k | €88k | ▲ 156% |
| Recurring financial charges65 | €1k | €201 | €86 | €34k | €86k | ▲ 151% |
| Non-recurring financial charges66B | - | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €-70k | €-37k | €-28k | €-404 | €64k | ▲ 15,898% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €32k | ▲ 1,349% |
| Income taxes67/77 | - | - | - | - | €22k | - |
| Profit (loss) for the period9904 | €-67k | €-34k | €-26k | €2k | €75k | ▲ 3,985% |
| Transfer from tax-exempt reserves789 | €4k | €4k | €4k | €4k | €63k | ▲ 1,349% |
| Profit (loss) for the period to be appropriated9905 | €-63k | €-30k | €-21k | €6k | €137k | ▲ 2,131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €730k | €675k | €651k | €2.21M | €4.04M | ▲ 82.7% |
| Fixed assets21/28 | €466k | €443k | €420k | €400k | €428k | ▲ 7.0% |
| Tangible fixed assets22/27 | €416k | €393k | €370k | €350k | €328k | ▼ 6.3% |
| Land and buildings22 | €413k | €391k | €370k | €348k | €327k | ▼ 6.2% |
| Plant, machinery and equipment23 | €3k | €1k | - | €2k | €1k | ▼ 26.6% |
| Financial fixed assets28 | €50k | €50k | €50k | €50k | €100k | ▲ 100% |
| Current assets29/58 | €264k | €233k | €231k | €1.81M | €3.61M | ▲ 99.5% |
| Stocks and contracts in progress3 | - | - | - | €1.50M | €2.78M | ▲ 85.3% |
| Stocks30/36 | - | - | - | - | €129k | - |
| Contracts in progress37 | - | - | - | €1.50M | €2.65M | ▲ 76.7% |
| Amounts receivable within one year40/41 | €182k | €201k | €221k | €263k | €682k | ▲ 159% |
| Trade receivables40 | €999 | - | €9k | - | €516k | - |
| Other amounts receivable41 | €181k | €201k | €213k | €263k | €166k | ▼ 36.9% |
| Cash at bank and in hand54/58 | €71k | €29k | €2k | €42k | €146k | ▲ 248% |
| Deferred charges and accrued income490/1 | €11k | €3k | €8k | €4k | €2k | ▼ 45.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €730k | €675k | €651k | €2.21M | €4.04M | ▲ 82.7% |
| Equity10/15 | €528k | €493k | €468k | €469k | €544k | ▲ 15.9% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €104k | €100k | €96k | €91k | €69k | ▼ 24.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €7k | €78k | €74k | €69k | €7k | ▼ 90.3% |
| Distributable reserves133 | €91k | €16k | €16k | €16k | €56k | ▲ 254% |
| Profit (loss) carried forward14 | €361k | €330k | €309k | €315k | €413k | ▲ 30.9% |
| Provisions and deferred taxes16 | €98k | €96k | €94k | €92k | €59k | ▼ 35.3% |
| Provisions for liabilities and charges160/5 | €59k | €59k | €59k | €59k | €59k | = |
| Pensions and similar obligations160 | €59k | €59k | €59k | €59k | €59k | = |
| Deferred taxes168 | €39k | €37k | €35k | €32k | - | - |
| Amounts payable17/49 | €104k | €86k | €90k | €1.65M | €3.43M | ▲ 108% |
| Amounts payable within one year42/48 | €104k | €86k | €90k | €1.65M | €3.43M | ▲ 108% |
| Current portion of amounts payable after more than one year42 | €14k | - | - | - | - | - |
| Financial debts43 | - | - | - | €1.45M | €2.36M | ▲ 62.8% |
| Credit institutions430/8 | - | - | - | €1.43M | €2.25M | ▲ 57.0% |
| Other loans439 | - | - | - | €19k | €113k | ▲ 490% |
| Trade debts44 | €80k | €76k | €71k | €189k | €361k | ▲ 90.7% |
| Suppliers440/4 | €80k | €76k | €71k | €189k | €361k | ▲ 90.7% |
| Advances received on contracts in progress46 | €10k | €10k | €18k | €10k | €693k | ▲ 6,833% |
| Taxes, remuneration and social security45 | - | - | - | €5 | €21k | ▲ 421,801% |
| Taxes450/3 | - | - | - | €5 | €21k | ▲ 421,801% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €-34k | €-26k | €2k | €75k | ▲ 3,985% |
| + Depreciation and write-downs630 | €28k | €23k | €23k | €22k | €22k | ▲ 0.3% |
| Operating cash flow (approximation) | €-39k | €-11k | €-3k | €24k | €96k | ▲ 308% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €-50k | ▼ 3,006% |
| Change in cash | - | €-42k | €-27k | €40k | €104k | ▲ 159% |
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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 46 days late
2025
31-12
Financial
Highest result since 2018net €75k ▲3,985%
Operating result €152k, net result €75k, both a record.
31-12
Financial
Equity above €500kEq €544k ▲15.9%
2 profitable years in a row build equity to €544k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 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 5 acts read
About the unread acts
We know of 5 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
5 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, La Louvière · 1 establishment unit since 2002
Ground area
1,022 m²
Building footprint
135 m²
Volume, LiDAR
775 m³
Parcel 56033A0045/00B018, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Sous l'Haye(PIE) 35, 7100 La Louvière
since 20022.032.623.716
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56033A0045/00B018 | Wallonia | 1,022 m² | 1 · 135 m² | 8.0 m · 2 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 8,905 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.