JM CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of JM CONSTRUCT is 2.1% (moderate). The 2024 annual accounts show equity of €144k and a net result of €15k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 2096 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-6
Solvency79▼-6
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 2.34 in 2023; short-term debt: 28.4% and cash: 20.4% of total assets), and 45.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
24 d late
2022
14 d late
2021
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€144k▲ 11.9%
2023 · €129k
2021: €81k
2022: €107k
2023: €129k
2021 → 2024
Total assets
€266k▲ 23.4%
2023 · €215k
2021: €159k
2022: €205k
2023: €215k
2021 → 2024
Net result
€15k▼ 31.3%
2023 · €22k
2021: €61k
2022: €26k
2023: €22k
2021 → 2024
Working capital
€95k▼ 17.6%
2023 · €115k
2021: €27k
2022: €73k
2023: €115k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€81k-€107k▲ 32.3%€129k▲ 21.0%€144k▲ 11.9%
Operating result€81k-€34k▼ 57.7%€29k▼ 16.5%€23k▼ 20.7%
Net result€61k-€26k▼ 57.1%€22k▼ 13.8%€15k▼ 31.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 21% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266k
Fixed assets
€95k▲ 583%
Current assets
€170k▼ 15.4%
Equity and liabilities €266k
Equity
€144k▲ 11.9%
Debt
€121k▲ 40.7%
The debt ratio rises from 40.0% to 45.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k▲
2023 · €49k
Cash flow
€49k▲
2023 · €42k
Solvency
54.4%▼
2023 · 60.0%
Current ratio
2.26▼
2023 · 2.34
Quick ratio
1.61▼
2023 · 1.78
Debt / equity
0.84▲
2023 · 0.67
ROE
10.7%▼
2023 · 17.4%
ROA
5.8%▼
2023 · 10.4%
Interest coverage
19.30▼
2023 · 196.93
Debt
€121k▲
2023 · €86k
Debt ≤ 1 year
€75k▼
2023 · €86k
Debt > 1 year
€46k
Income taxes
€5k▼
2023 · €6k
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€215k€266k▲
Fixed assets21/28€14k€95k▲
Tangible fixed assets22/27€14k€95k▲
Plant, machinery and equipment23€650-
Furniture and vehicles24€13k€27k▲
Leasing and similar rights25-€68k
Current assets29/58€201k€170k▼
Stocks and contracts in progress3€48k€49k▲
Stocks30/36€48k€49k▲
Amounts receivable within one year40/41€37k€66k▲
Trade receivables40€24k€46k▲
Other amounts receivable41€13k€20k▲
Cash at bank and in hand54/58€115k€54k▼
Deferred charges and accrued income490/1€864€1k▲
Equity and liabilities
Total equity and liabilities10/49€215k€266k▲
Equity10/15€129k€144k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€32k€32k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€77k€92k▲
Amounts payable17/49€86k€121k▲
Amounts payable after more than one year17-€46k
Financial debts170/4-€46k
Amounts payable within one year42/48€86k€75k▼
Current portion of amounts payable after more than one year42-€13k
Trade debts44€36k€12k▼
Suppliers440/4€36k€12k▼
Taxes, remuneration and social security45€15k€10k▼
Taxes450/3€13k€5k▼
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€35k€40k▲
Income statement
Code20232024
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€34k▲
Other operating charges640/8€342€5k▲
Gross operating margin9900€49k€62k▲
Operating profit (loss)9901€29k€23k▼
Financial income75/76B€300€397▲
Recurring financial income75€300€397▲
Financial charges65/66B€246€3k▲
Recurring financial charges65€246€3k▲
Profit (loss) for the period before taxes9903€29k€20k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€22k€15k▼
Profit (loss) for the period to be appropriated9905€22k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€92k€92k▲
Profit (loss) brought forward from the previous period14P€70k€77k▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €15k ▼31.3%
Net result drops to €15k, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2022
31-12
Financial
Equity above €100kEq €107k ▲32.3%
2 profitable years in a row build equity to €107k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Pajottegem · 1 establishment unit since 2020
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.
Stuivenbergstraat 491755 PajottegemGround area
945 m²
Building footprint
108 m²
Volume, LiDAR
626 m³
Parcel 23024A0307/00N000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JM SPORTHORSES
since 20202.310.877.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024A0307/00N000 | Flanders | 945 m² | 1 · 108 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DIAMOND RENOVATIEBEDRIJF
BE 0883.486.292
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VERHAEGE & DECLERCK
BE 0415.602.339
Dentergem · Eq €144k
Venibo
BE 0465.061.352
Dentergem · Eq €144k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 12,698 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-11-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
01430Raising of horses and other equines
43110Demolition
43221Plumbing work
43350Other building finishing work
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:jan-michiels@hotmail.com
Phone:0486797101