JJG Construct
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 09-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 28% lower than in 2024.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €8,698 |
| Depreciation and write-downs of the year | - | €2,175 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €75,794 | €196,652 | ▲ 159% |
| Goods, raw materials, services and sundry goods60/61 | €66,942 | €187,338 | ▲ 180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,175 | - |
| Other operating charges640/8 | - | €730 | - |
| Gross operating margin9900 | €8,851 | €9,315 | ▲ 5.2% |
| Operating profit (loss)9901 | €8,851 | €6,411 | ▼ 27.6% |
| Financial income75/76B | €44 | €3 | ▼ 94.0% |
| Recurring financial income75 | €44 | €3 | ▼ 94.0% |
| Financial charges65/66B | €3,758 | €2,349 | ▼ 37.5% |
| Recurring financial charges65 | €3,758 | €2,349 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | €5,137 | €4,064 | ▼ 20.9% |
| Profit (loss) for the period9904 | €5,137 | €4,064 | ▼ 20.9% |
| Profit (loss) for the period to be appropriated9905 | €5,137 | €4,064 | ▼ 20.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €11,991 | €14,588 | ▲ 21.7% |
| Fixed assets21/28 | - | €6,524 | - |
| Tangible fixed assets22/27 | - | €6,524 | - |
| Furniture and vehicles24 | - | €6,524 | - |
| Current assets29/58 | €11,991 | €8,064 | ▼ 32.7% |
| Amounts receivable within one year40/41 | €3,412 | €2,966 | ▼ 13.1% |
| Trade receivables40 | €3,412 | €1,434 | ▼ 58.0% |
| Other amounts receivable41 | - | €1,532 | - |
| Cash at bank and in hand54/58 | €8,579 | €5,098 | ▼ 40.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €11,991 | €14,588 | ▲ 21.7% |
| Equity10/15 | €8,137 | €12,201 | ▲ 49.9% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | €3,000 | = |
| Issued capital100 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €5,137 | €9,201 | ▲ 79.1% |
| Amounts payable17/49 | €3,854 | €2,387 | ▼ 38.1% |
| Amounts payable within one year42/48 | €3,854 | €2,387 | ▼ 38.1% |
| Trade debts44 | €3,854 | €2,387 | ▼ 38.1% |
| Suppliers440/4 | €3,854 | €2,387 | ▼ 38.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,137 | €4,064 | ▼ 20.9% |
| + Depreciation and write-downs630 | - | €2,175 | - |
| Operating cash flow (approximation) | €5,137 | €6,238 | ▲ 21.4% |
| Change in cash | - | -€3,481 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as JJG Construct has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JJG Construct itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for JJG 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.