JB CONSTRUCT

Active

Private limited companyfounded 201610 yrs activeKunstlaan 56, 1000 Brussel, BelgiumKBO/BCE: BE 0657.990.392

The computed 12-month bankruptcy probability of JB CONSTRUCT is 2.8% (moderate). The 2024 annual accounts show equity of €587k and a net result of €-25k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 3549 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability67▼-5

Solvency62▼-5

Growth52=

Track record100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity tight (current ratio 1.1 against 1.26 in 2023; short-term debt: 56.7% and cash: 12.6% of total assets), and 63.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

36.7%

Return on assets

-1.6%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 8 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

30 d late

2022

31 d late

2021

4 d late

2020

31 d late

2019

45 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-25k

2023 · €41k

2018: €80k 2019: €49k 2020: €100k 2021: €7k 2022: €128k 2023: €41k

2018 → 2024

Working capital

€93k▼ 49.5%

2023 · €184k

2018: €-52k 2019: €-730 2020: €160k 2021: €109k 2022: €243k 2023: €184k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€431k-€438k▲ 1.7%€642k▲ 46.5%€664k▲ 3.4%€587k▼ 11.6%

Operating result€158k-€89k▼ 43.5%€171k▲ 91.7%€51k▼ 69.9%€-15k

Net result€100k-€7k▼ 92.8%€128k▲ 1,685%€41k▼ 68.3%€-25k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €15k after €51k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.60M

37.5%

62.5%

Fixed assets €600k▼ 14.6%

Current assets €1.00M▲ 12.0%

Equity and liabilities €1.60M

36.7%

63.3%

Equity €587k▼ 11.6%

Debt €1.01M▲ 8.8%

The debt ratio rises from 58.4% to 63.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€213k▼

2023 · €278k

Cash flow

€203k▼

2023 · €267k

Solvency

36.7%▼

2023 · 41.6%

Current ratio

1.10▼

2023 · 1.26

Quick ratio

1.08▼

2023 · 1.24

Debt / equity

1.72▲

2023 · 1.40

ROE

-4.3%▼

2023 · 6.1%

ROA

-1.6%▼

2023 · 2.5%

Interest coverage

17.14▼

2023 · 17.77

Debt

€1.01M▲

2023 · €931k

Debt ≤ 1 year

€907k▲

2023 · €709k

Debt > 1 year

€102k▼

2023 · €218k

Income taxes

€-2k▲

2023 · €-3k

Staff costs

€702k▼

2023 · €739k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.60M€1.60M▲

Fixed assets21/28€702k€600k▼

Tangible fixed assets22/27€700k€591k▼

Land and buildings22€67k€62k▼

Plant, machinery and equipment23€231k€193k▼

Furniture and vehicles24€403k€337k▼

Financial fixed assets28€1k€8k▲

Current assets29/58€893k€1.00M▲

Stocks and contracts in progress3€15k€17k▲

Stocks30/36€15k€17k▲

Amounts receivable within one year40/41€605k€763k▲

Trade receivables40€388k€512k▲

Other amounts receivable41€217k€251k▲

Cash at bank and in hand54/58€249k€202k▼

Deferred charges and accrued income490/1€25k€19k▼

Equity and liabilities

Total equity and liabilities10/49€1.60M€1.60M▲

Equity10/15€664k€587k▼

Contributions10/11€19k€19k=

Outside capital11€19k€19k=

Other1109/19€19k€19k=

Reserves13€42k€42k=

Distributable reserves133€42k€42k=

Profit (loss) carried forward14€604k€527k▼

Amounts payable17/49€931k€1.01M▲

Amounts payable after more than one year17€218k€102k▼

Financial debts170/4€218k€102k▼

Amounts payable within one year42/48€709k€907k▲

Current portion of amounts payable after more than one year42€191k€165k▼

Trade debts44€483k€684k▲

Suppliers440/4€453k€527k▲

Bills of exchange payable441€30k€156k▲

Taxes, remuneration and social security45€35k€59k▲

Taxes450/3€14k€20k▲

Remuneration and social security454/9€21k€39k▲

Accrued charges and deferred income492/3€3k€3k=

Income statement Code20232024

Non-recurring operating income76A€3k€6k▲

Remuneration, social security and pensions62€739k€702k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€226k€229k▲

Other operating charges640/8€8k€5k▼

Non-recurring operating charges66A€18k€16k▼

Gross operating margin9900€1.04M€936k▼

Operating profit (loss)9901€51k€-15k▼

Financial income75/76B€1k€0▼

Recurring financial income75€1k€0▼

Financial charges65/66B€16k€12k▼

Recurring financial charges65€16k€12k▼

Profit (loss) for the period before taxes9903€37k€-28k▼

Income taxes67/77€-3k€-2k▲

Profit (loss) for the period9904€41k€-25k▼

Profit (loss) for the period to be appropriated9905€41k€-25k▼

Appropriation of the result

Profit (loss) to be appropriated9906€662k€579k▼

Profit (loss) brought forward from the previous period14P€622k€604k▼

Transfer to equity691/2€40k-

To other reserves6921€40k-

Profit to be distributed694/7€19k€52k▲

Return on contributions (dividend)694€19k€52k▲

Social balance

Average headcount (FTE)908742.838.7▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 4Filings 8

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €-25k ▼162%

Net result drops to €-25k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

31-12

Financial Highest result since 2018net €128k ▲1685%

Operating result €171k, net result €128k, both a record.

31-12

Financial Equity above €500kEq €642k ▲46.5%

5 profitable years in a row build equity to €642k.

04-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 4 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 31 days late

2020

14-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 45 days late

2019

31-12

Financial Equity above €200kEq €331k ▲78.3%

2 profitable years in a row build equity to €331k.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

23-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 84 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Brussel · 2 establishment units since 2016

establishment approximate All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kunstlaan 561000 Brussel

Ground area

2.1 ha

Building footprint

4,418 m²

Volume, LiDAR

91,310 m³

3 parcels, Brussels, Wallonia · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.

2 establishment units

JB CONSTRUCT

Avenue de l'Espérance(F) 52, 6220 FleurusManufacture of motor vehicles, trailers and semi-trailers

since 20162.254.455.885

JB CONSTRUCT

Avenue du Marquis(FL) 25, 6220 FleurusManufacture of motor vehicles, trailers and semi-trailers

since 20232.356.787.620

3 parcels

Wallonia 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52332B0504/00M000	Wallonia	8,756 m²	1 · 16 m²	-
52332B0459/00G003	Wallonia	7,436 m²	1 · 1,541 m²	12.0 m · 2 fl.
21805E0475/00F000	Brussels	4,653 m²	1 · 2,861 m²	34.5 m · 9 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

8 categories

JB CONSTRUCT SRL41546

category D12, class 1 · category D14, class 1 · category D15, class 1 · category D20, class 1 · category D22, class 1 · category D5, class 1 · category D8, class 1 · category G, class 1

decision 08-09-2021