JM BUILDERS
Bankruptcy closedSummary
JM BUILDERS was declared bankrupt on 30-11-2021 (Ondernemingsrechtbank Brussel); the bankruptcy declaration was reversed by judgment of 13-06-2025, published in the Belgian State Gazette on 02-07-2025. The 2022 annual accounts show equity of €66,802 and a net result of €5,025.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 03-03-2023, 31 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 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
31 d late
2021
on the day
2020
on the day
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 18 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
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Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,025▼ 4.1%
2021 · €5,242
Working capital
€52,534▼ 14.5%
2021 · €61,442
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€11,913-€3,068▼ 74.2%€5,820▲ 89.7%€5,532▼ 5.0%
Net result€10,890-€3,761▼ 65.5%€5,242▲ 39.4%€5,025▼ 4.1%
Equity€52,773-€56,534▲ 7.1%€61,776▲ 9.3%€66,802▲ 8.1%
Total assets€209,962-€159,083▼ 24.2%€307,720▲ 93.4%€209,186▼ 32.0%
Debt€157,189-€102,549▼ 34.8%€245,943▲ 140%€142,385▼ 42.1%
Working capital€50,273-€56,032▲ 11.5%€61,442▲ 9.7%€52,534▼ 14.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 5% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €209,186
Fixed assets
€14,267 ▲ 4,162%
Current assets
€194,919 ▼ 36.6%
Equity and liabilities €209,186
Equity
€66,802 ▲ 8.1%
Debt
€142,385 ▼ 42.1%
Debt's share of the balance-sheet total falls from 79.9% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,700▼
2021 · €5,988
Cash flow
€5,193▼
2021 · €5,409
Current ratio
1.37▲
2021 · 1.25
Debt to equity
2.13
ROE
7.5%▼
2021 · 8.5%
ROA
2.4%▲
2021 · 1.7%
Interest coverage
11.24
Debt ≤ 1 year
€142,385▼
2021 · €245,943
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,500 | €2,667 | €167 | €167 | = |
| Other operating charges640/8 | - | - | - | €75 | - |
| Gross operating margin9900 | €51,824 | €15,043 | €10,833 | €5,775 | ▼ 46.7% |
| Operating profit (loss)9901 | €11,913 | €3,068 | €5,820 | €5,532 | ▼ 5.0% |
| Recurring financial income75 | - | €2,065 | - | - | - |
| Financial charges65/66B | - | - | - | €507 | - |
| Recurring financial charges65 | €477 | €390 | €578 | €507 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €11,436 | €4,744 | €5,242 | €5,025 | ▼ 4.1% |
| Income taxes67/77 | €545 | €982 | - | - | - |
| Profit (loss) for the period9904 | €10,890 | €3,761 | €5,242 | €5,025 | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €10,890 | €3,761 | €5,242 | €5,025 | ▼ 4.1% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €209,962 | €159,083 | €307,720 | €209,186 | ▼ 32.0% |
| Fixed assets21/28 | €2,500 | €502 | €335 | €14,267 | ▲ 4,162% |
| Tangible fixed assets22/27 | €2,500 | €502 | €335 | €167 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | - | €167 | - |
| Financial fixed assets28 | - | - | - | €14,100 | - |
| Current assets29/58 | €207,462 | €158,581 | €307,385 | €194,919 | ▼ 36.6% |
| Stocks and contracts in progress3 | €150 | €202 | €0 | - | - |
| Amounts receivable within one year40/41 | €204,160 | €153,100 | €304,128 | €193,730 | ▼ 36.3% |
| Trade receivables40 | - | - | - | €184,467 | - |
| Other amounts receivable41 | - | - | - | €9,263 | - |
| Cash at bank and in hand54/58 | €3,151 | €5,279 | €3,257 | €1,188 | ▼ 63.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €209,962 | €159,083 | €307,720 | €209,186 | ▼ 32.0% |
| Equity10/15 | €52,773 | €56,534 | €61,776 | €66,802 | ▲ 8.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €32,313 | €36,074 | €41,316 | €46,342 | ▲ 12.2% |
| Amounts payable17/49 | €157,189 | €102,549 | €245,943 | €142,385 | ▼ 42.1% |
| Amounts payable within one year42/48 | €157,189 | €102,549 | €245,943 | €142,385 | ▼ 42.1% |
| Trade debts44 | €65,215 | €38,232 | €150,242 | €37,331 | ▼ 75.2% |
| Suppliers440/4 | - | - | - | €37,331 | - |
| Advances received on contracts in progress46 | - | - | - | €89,370 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,982 | - |
| Taxes450/3 | - | - | - | €982 | - |
| Remuneration and social security454/9 | - | - | - | €1,000 | - |
| Other amounts payable47/48 | - | - | - | €13,701 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,890 | €3,761 | €5,242 | €5,025 | ▼ 4.1% |
| + Depreciation and write-downs630 | €2,500 | €2,667 | €167 | €167 | = |
| Operating cash flow (approximation) | €13,390 | €6,429 | €5,409 | €5,193 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | -€669 | €0 | -€14,100 | - |
| Change in cash | - | €2,128 | -€2,022 | -€2,069 | ▼ 2.3% |
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
2025
02-07
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 13-06-2025
12-05
KBO administration
Address struck
24-01
Bankruptcy
Judicial dissolution and immediate closure
Tribunal de l’entreprise francophone de Bruxelles · event 09-01-2025
2023
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
24-01
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 18-01-2022
2021
07-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 30-11-2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €3,761 ▼65.5%
Net result drops to €3,761, the lowest in the series.
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 42 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 90 days late
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 39 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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 · 1 establishment unit since 2014
Ground area
785 m²
Building footprint
734 m²
Volume, LiDAR
8,502 m³
2 parcels, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
279
companies at this address
See who is registered here
1 establishment unit
JM Builders
since 20142.249.928.460
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0963/00F000 | Brussels | 450 m² | 1 · 395 m² | 19.6 m · 4 fl. |
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
30-11-2021 → 18-01-2022 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-01-2014
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.