Equity
-€118,436
Debts exceed assets in financial year 2025.
JGL Constructions
Lifetime
13 annual accounts with figures on one time axispeak €37,296 (2014)
-€18,028▲ €3,170
lowest -€71,013 (2023)
-€18,515▲ €3,159
peak €86,921 (2014)
-€118,436▼ €18,515
€132,131▲ 24.6%
Board5 names since 2018
4 directorsBV ED SOMERS INVEST and 3 others
Owners2 names in the annual accounts
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Gross margin from -€21,198 to -€18,028Loss of €18,515Registered office moved within Hasselt 08-07Equity from -€99,922 to -€118,436Debts from €106,085 to €132,131Cash from €3,546 to €7,873
Key points
from the 2025 annual accountsLosses
-€126,746 in five years
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€132,131 965% of the balance sheet
Filings
13 annual accounts since 2013
The last five annual accounts were filed 17 to 23 days before the end of the period.
At the same address
56 companies
Position in the sector
-864.8%
Lower solvency than 95% of companies in real estate. Sector median 38.2% · 5,810 companies.
Checked score
53
Fair
Financially stronger than 20% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025lowest value
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.8%● unchanged vs 08-2025highest value
10-2025: 0.8%● unchanged vs 09-2025highest value
11-2025: 0.8%● unchanged vs 10-2025highest value
12-2025: 0.8%● unchanged vs 11-2025highest value
01-2026: 0.8%● unchanged vs 12-2025highest value
02-2026: 0.8%● unchanged vs 01-2026highest value
03-2026: 0.8%● unchanged vs 02-2026highest value
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.7%▼ -0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€118,436
1 change of registered office in 24 months
Loss of €18,515, the second in a row (financial year 2025)
lowers risk
Size: total assets €13,695
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 49% on liquidity, 4% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as JGL Constructions has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JGL Constructions itself is lower: 0.7% within 12 months. It rests on far more data about JGL Constructions than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for JGL Constructions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.06 in 2024), below 1. Short-term debt is 964.8% and cash 57.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€118,436
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 days early
2024
17 days early
2023
19 days early
2022
18 days early
2021
17 days early
2020
40 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BE
BV ED SOMERS INVEST
Director, Edwin SOMERS, since 05-06-2024
- LOTES 50%equity €7.0m (2025) · 30-06-2024 annual accounts of LOTES
- VASO Constructions 50%score 93equity €3.2m (2025) · 2025 annual accounts of VASO Constructions
Recent changes
Registered office moved within Hasselt
New registered office: Kolonel Dusartplein 20, 3500 Hasselt · Previous registered office: Havermarkt 22, 3500 Hasselt · Resignation: BV LOTES (class B director) · Board meeting of 14-03-2025 · Gazette deed
Resignations & appointments
Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Knokke-Heist
New class A director
VGV INVEST bvba appointed, S.V.-INVEST bvba resigned · Permanent representative: Stefan VANGRONSVELD · General meeting of 25-10-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JGL Constructions Hasselt | €13,695 | -€18,028 | -864.8% | - |
| FALLAS AND COMPANY Waterloo | €13,246 | -€1,272 | 100.0% | - |
| GCA Bouwwerken Temse | €14,658 | -€5,604 | 36.5% | - |
| WONINGBOUW TRIUMPH Geraardsbergen | €15,518 | -€874 | 57.9% | - |
| VISTA TRADE INVEST Antwerp | €15,831 | -€2,880 | -320.9% | - |
| DUINRUST BOUW Knokke-Heist | €13,079 | -€12,344 | -1404.8% | - |
| Prorem Invest & Consulting Huldenberg | €13,080 | €623 | 98.0% | - |
These companies have the same main activity as JGL Constructions: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €13,100 and €15,800, founded between 2012 and 2014.
Official details
Source: KBO- Status
- Active since 19-10-2012Normal situation
- Registered office
- 57 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.252.492.8243500 Hasselt, since 19-10-2012
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €13,695▲ 122%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on JGL Constructions
Solvency rose in 2025 from -1621.2% to -864.8%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JGL Constructions
- What is the company number of JGL Constructions?
- The company number of JGL Constructions is 0849.746.823. The VAT number is the same number with BE in front: BE 0849.746.823.
- Where is JGL Constructions based?
- The registered office is at Kolonel Dusartplein 20, 3500 Hasselt.Company details
- What does JGL Constructions do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of JGL Constructions?
- JGL Constructions is a public limited company (NV).
- When was JGL Constructions founded?
- JGL Constructions was founded on 19-10-2012.
- Is JGL Constructions still active?
- Yes, JGL Constructions is an active enterprise in the KBO register.
- What is the turnover of JGL Constructions?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is JGL Constructions profitable?
- In financial year 2025, JGL Constructions made a loss of €18,515.
- Where can I find the annual accounts of JGL Constructions?
- JGL Constructions filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JGL Constructions due?
- JGL Constructions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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