Equity
-€117,994
Debts exceed assets in financial year 2025.
JHL Construct
Lifetime
1 annual account with figurespeak -€62,594 (2025)
-€62,594
lowest -€167,994 (2025)
-€167,994
peak -€117,994 (2025)
-€117,994
€2.2m
Board3 names since 2024
3 directorsPetrix and 2 others
Owners3 names in the annual accounts
50%GH Investment België and 2 others
Documentsfilings and deeds
03-07-202628 days before the deadline
2025abbreviated format
Loss of €167,994First year with figures
Key points
from the 2025 annual accountsDebts
€2.2m 106% of the balance sheet
After one year 0%Within one year 100%
Of this, €2.2m falls due within a year.
Position in the sector
-€167,994
Lower net result than 95% of companies in construction of buildings. Sector median €19,022 · 2,812 companies.
Turnover not published (abbreviated format)
Checked score
51
Fair
Financially stronger than 10% of small companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 3.6%
08-2025: 3.7%▲ +0.1 percentage points vs 07-2025
09-2025: 3.8%▲ +0.1 percentage points vs 08-2025
10-2025: 4.2%▲ +0.4 percentage points vs 09-2025
11-2025: 4.2%● unchanged vs 10-2025
12-2025: 4.6%▲ +0.4 percentage points vs 11-2025
01-2026: 5.0%▲ +0.4 percentage points vs 12-2025
02-2026: 5.0%● unchanged vs 01-2026
03-2026: 4.8%▼ -0.2 percentage points vs 02-2026
04-2026: 4.8%● unchanged vs 03-2026
05-2026: 5.1%▲ +0.3 percentage points vs 04-2026
06-2026: 5.3%▲ +0.2 percentage points vs 05-2026
07-2026: 5.3%● unchanged vs 06-2026highest value
08-2026: 1.3%▼ -4.0 percentage points vs 07-2026lowest value
09-2026: 1.3%● unchanged vs 08-2026lowest value
10-2026: 2.2%▲ +0.9 percentage points vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€117,994
Sector: Construction of residential and non-residential buildings (NACE 41)
1 change of registered office in 24 months
lowers risk
Size: total assets €2.0m
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 41, small). It does better than 4% of them on solvency, 17% on liquidity and 10% on profitability.
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 moderate class on 30-06-2025, 2.4% 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, 1,251 companies had the same profile as JHL Construct has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JHL Construct itself is higher: 2.2% within 12 months. It rests on far more data about JHL Construct 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 1,251 companies, not a prediction for JHL Construct. 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 0.95, below 1. Short-term debt is 105.5% and cash 13.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 03-07-2026, 28 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
28 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Antemm Real Estate NV consolidatesequity €67.0m (2025) · annual accounts 2025
- GH Investment België 50%score 87equity €5.9m (2025) · 2025 annual accounts of GH Investment België
- NOAL 50%score 92equity €5.3m (2025) · 30-09-2025 annual accounts of NOAL
Recent changes
Registered office moved within Waregem
New registered office: The Edge, 8790 Waregem, Textielstraat 34 bus 5 · Previous registered office: Wagenaarstraat 33, 8791 Waregem · General meeting of 15-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010293602
Incorporation
Founding capital of €50,000 · Founders: GH Investment België and NOAL BVBA · Appointments: VP ASSET MANAGEMENT, VERSOL and Petrix · Permanent representatives: VAN POUCKE Thomas Paul Etienne, VERHAEGHE Dries Achille Willy and TEMMERMAN Peter · published on 14-06-2024 · Gazette deed
First establishment
Wagenaarstraat 33, Waregem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JHL Construct Waregem | €2.0m | -€62,594 | -5.8% | - |
| P-Park Invest Ypres | €2.7m | -€42,521 | 41.9% | - |
| A.VERELST BOX 2 BOUW Hasselt | €3.0m | -€3,010 | 0.1% | - |
| Warmtenet Antwerpen Oost Turnhout | €4.2m | -€1,961 | -0.3% | 0 |
| ClaraT Living Antwerp | €2.9m | -€184,580 | -11.6% | - |
| Renovast Maldegem | €0.5m | -€3,050 | 3.6% | - |
| A.VERELST BOX 3 BOUW Hasselt | €9.4m | -€2,859 | 0.0% | - |
These companies have the same main activity as JHL Construct: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €461,000 and €9.4m, founded between 2021 and 2025.
Official details
Source: KBO- Status
- Active since 12-06-2024Normal situation
- Registered office
- 37 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- General construction of other non-residential buildingsNACE 41003and 2 others
- Establishment unit
- 2.360.781.7438791 Waregem, since 12-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- €2.0m
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on JHL Construct
The computed 12-month bankruptcy probability of JHL Construct is 2.2% (moderate). The 2025 annual accounts show negative equity (-€117,994) and a net result of -€167,994.
Its solvency ranks better than 9% of 2,818 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 JHL Construct
- What is the company number of JHL Construct?
- The company number of JHL Construct is 1010.293.602. The VAT number is the same number with BE in front: BE 1010.293.602.
- Where is JHL Construct based?
- The registered office is at Textielstraat 34, 8790 Waregem.Company details
- What does JHL Construct do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of JHL Construct?
- JHL Construct is a private limited company (BV).
- When was JHL Construct founded?
- JHL Construct was founded on 12-06-2024.
- Is JHL Construct still active?
- Yes, JHL Construct is an active enterprise in the KBO register.
- What is the turnover of JHL Construct?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is JHL Construct profitable?
- In financial year 2025, JHL Construct made a loss of €167,994.
- Where can I find the annual accounts of JHL Construct?
- JHL Construct filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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