JM. CONSTRUCT
ActiveSummary
JM. CONSTRUCT has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,689 and a net result of €30,048. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 79% of 5,633 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €72,689
- Profit
- €30,048
Why 69raises riskLast filed accounts filed 83 days late; 3 of the last 3 lateSector: Services to buildings and landscape activities (NACE 81)Size: total assets €105,780lowers riskFounded in 2004Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 81, micro): better than 79% on solvency, 38% on liquidity, 92% on profitability and 86% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 98 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €30,048 ▲2,046%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (83 days) Filed on 22 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00566240.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 9.6 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,373 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €236 | - | - | €2,690 | €4,754 | €4,754 | €4,754 | €4,754 | = |
| Other operating charges640/8 | - | - | - | €2,951 | €2,602 | €524 | €600 | €1,083 | ▲ 80.5% |
| Gross operating margin9900 | €20,343 | €6,631 | €39,567 | €41,707 | €15,301 | €10,393 | €10,026 | €50,568 | ▲ 404% |
| Operating profit (loss)9901 | €17,212 | €3,171 | €34,398 | €36,066 | €7,945 | €5,115 | €4,672 | €44,731 | ▲ 857% |
| Financial income75/76B | - | - | - | - | €25 | - | €778 | €2 | ▼ 99.7% |
| Recurring financial income75 | €1,195 | €53 | - | - | €25 | - | €778 | €2 | ▼ 99.7% |
| Financial charges65/66B | - | - | - | €2,146 | €2,705 | €3,380 | €2,850 | €1,844 | ▼ 35.3% |
| Recurring financial charges65 | €3,673 | €3,380 | €1,927 | €2,146 | €2,705 | €3,380 | €2,850 | €1,844 | ▼ 35.3% |
| Profit (loss) for the period before taxes9903 | €14,734 | -€156 | €32,471 | €33,920 | €5,265 | €1,735 | €2,600 | €42,889 | ▲ 16× |
| Income taxes67/77 | €4,307 | €2,546 | €9,609 | €12,806 | €4,032 | €979 | €1,200 | €12,841 | ▲ 970% |
| Profit (loss) for the period9904 | €10,427 | -€2,702 | €22,862 | €21,114 | €1,233 | €756 | €1,400 | €30,048 | ▲ 21× |
| Profit (loss) for the period to be appropriated9905 | €10,427 | -€2,702 | €22,862 | €21,114 | €1,233 | €756 | €1,400 | €30,048 | ▲ 21× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €23,701 | €24,765 | €44,471 | €62,977 | €117,727 | €111,300 | €85,589 | €105,780 | ▲ 23.6% |
| Fixed assets21/28 | - | - | - | €39,536 | €34,782 | €30,028 | €25,274 | €20,521 | ▼ 18.8% |
| Tangible fixed assets22/27 | - | - | - | €39,536 | €34,782 | €30,028 | €25,274 | €20,521 | ▼ 18.8% |
| Furniture and vehicles24 | - | - | - | €5,046 | €3,984 | €2,921 | €1,859 | €797 | ▼ 57.1% |
| Other tangible fixed assets26 | - | - | - | €34,490 | €30,798 | €27,107 | €23,415 | €19,724 | ▼ 15.8% |
| Current assets29/58 | €23,701 | €24,765 | €44,471 | €23,441 | €82,945 | €81,272 | €60,315 | €85,259 | ▲ 41.4% |
| Stocks and contracts in progress3 | - | €1,305 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €18,442 | €5,850 | €8,039 | €18,587 | €69,481 | €66,850 | €47,468 | €25,422 | ▼ 46.4% |
| Trade receivables40 | - | - | - | €18,587 | €60,303 | €47,829 | €26,044 | €14,638 | ▼ 43.8% |
| Other amounts receivable41 | - | - | - | - | €9,178 | €19,021 | €21,424 | €10,784 | ▼ 49.7% |
| Current investments50/53 | - | - | - | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €1,331 | €17,610 | €36,432 | €4,854 | €3,857 | €7,177 | €7,208 | €6,155 | ▼ 14.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €9,607 | €7,245 | €5,639 | €3,682 | ▼ 34.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €23,701 | €24,765 | €44,471 | €62,977 | €117,727 | €111,300 | €85,589 | €105,780 | ▲ 23.6% |
| Equity10/15 | -€2,022 | -€4,724 | €18,138 | €39,252 | €40,485 | €41,241 | €42,641 | €72,689 | ▲ 70.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €22,860 | €22,860 | €22,860 | €22,860 | €52,860 | ▲ 131% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €21,000 | €21,000 | €22,860 | €22,860 | €52,860 | ▲ 131% |
| Profit (loss) carried forward14 | -€10,082 | -€12,784 | €10,078 | €10,192 | €11,425 | €12,181 | €13,581 | €13,629 | ▲ 0.4% |
| Amounts payable17/49 | €25,723 | €29,489 | €26,333 | €23,725 | €77,242 | €70,059 | €42,948 | €33,091 | ▼ 23.0% |
| Amounts payable within one year42/48 | €25,723 | €29,489 | €26,333 | €23,725 | €77,242 | €70,059 | €42,948 | €33,091 | ▼ 23.0% |
| Financial debts43 | - | - | - | €8,400 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Credit institutions430/8 | - | - | - | €8,400 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Trade debts44 | €7,492 | €806 | €1,968 | €1,273 | €46,208 | €31,284 | €18,422 | €7,768 | ▼ 57.8% |
| Suppliers440/4 | - | - | - | €1,273 | €46,208 | €31,284 | €18,422 | €7,768 | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | - | - | €13,318 | €19,034 | €26,235 | €10,783 | €13,320 | ▲ 23.5% |
| Taxes450/3 | - | - | - | €13,318 | €19,034 | €26,235 | €10,783 | €13,320 | ▲ 23.5% |
| Other amounts payable47/48 | - | - | - | €734 | - | €540 | €1,743 | €3 | ▼ 99.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,427 | -€2,702 | €22,862 | €21,114 | €1,233 | €756 | €1,400 | €30,048 | ▲ 21× |
| + Depreciation and write-downs630 | €236 | - | - | €2,690 | €4,754 | €4,754 | €4,754 | €4,754 | = |
| Operating cash flow (approximation) | €10,663 | -€2,702 | €22,862 | €23,804 | €5,987 | €5,510 | €6,154 | €34,802 | ▲ 466% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | €0 | -€1 | - |
| Change in cash | - | €16,279 | €18,822 | -€31,578 | -€997 | €3,320 | €31 | -€1,053 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-10-2026 | 2026-00566240 |
| 31-12-2024 | micro format | 08-12-2025 | 2025-00577727 |
| 31-12-2023 | micro format | 06-12-2024 | 2024-00613364 |
| 31-12-2022 | micro format | 30-11-2023 | 2023-00519905 |
| 31-12-2021 | micro format | 25-09-2022 | 2022-20437107 |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69400384 |
| 31-12-2019 | micro format | 12-11-2020 | 2020-70100429 |
| 31-12-2018 | micro format | 04-11-2019 | 2019-73000164 |
| 31-12-2017 | micro format | 29-11-2018 | 2018-73300466 |
| 31-12-2016 | micro format | 08-12-2017 | 2017-71500192 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CAVRENNE Jean-Michel |
|
Owners and capital
Capital and shareholders
- 02-01-2024 Capital stated in the deed · 186 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-01
Gazette deed
Reappointment: CAVRENNE Jean-Michel (director)Amendment of the articles · Registered-office move · Capital conversion10 facts ▸
- General meeting, 19-12-2023
- Amendment of the articles (2 times)
- Registered-office move, Région Wallonne
- Capital conversion, “de plein droit, compte de capitaux propres apports non appelés” (deed in French)
- Reserve release, “suppression compte indisponible, supprimer compte statutairement indisponible créé article 39,§2,deuxième alinéa” (deed in French)
- Capital
- Director reappointment, CAVRENNE Jean-Michel (director (not named in the articles))
- Other provision, “Moniteur belge, site internet et adresse électronique” (deed in French)
- Registered-office move, 4260 Avennes,rue des Péquets,30
- Power of attorney, Catherine GERARD
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0863.974.842
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64004A0303/00Z004 | Wallonia | 383 m² | 1 · 83 m² | 5.0 m · 1 |
| 25050C0182/00M000 | Wallonia | 89 m² | 1 · 49 m² | 10.4 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat,la vente,la transformation et l’exploitation de terrains et de constructions,ainsi que les opérations d’intermédiaire dans la même…” (deed in French)
10 activities (deed in French)
- L’achat,la vente,la transformation et l’exploitation de terrains et de constructions,ainsi que les opérations d’intermédiaire dans la même branche
- L’élaboration de tout projets,plans,études,calculs et expertises et l’exécution de ceux-ci par ses propres moyens ou en collaboration avec toutes autres entreprises
- Tous travaux de constructions générales internes ou externes,par ou avec sous-traitance,relatifs à l’exécution totale ou partielle de travaux telles que la démolition,le terrassement,le gros-œuvre,la maçonnerie,l’entreprise de travaux d’égouts,de distribution d’eau et de gaz,de rejointoyage et le nettoyage de façades,l’isolation thermique et acoustique,la pose de faux plafonds et cloisons de tous types,la pose de câbles et de canalisations diverses,la menuiserie,la charpenterie,l’électricité,le chauffage,le sanitaire,le placement d’air conditionné,tous travaux et placements de ferronnerie
- La peinture,la décoration,la pose de parquets et de tous autres revêtements pour murs et sols,le placement et le commerce de détail en cuisines équipées,tous ces termes étant entendu dans leur acceptation la plus large
- La fabrication,la commercialisation et la mise en œuvre d’éléments préfabriqués en tous matériaux destinés à être incorporés dans la construction
- Toutes activités d’aménagements de plaines de jeux et de sport,de parcs et de jardins
- La fabrication et la commercialisation de tous matériaux et matériel de construction
- L’entreprise d’installation et de location d’échafaudage
- L’achat,la vente et la location de machines,d’engins et de matériel généralement quelconques d’entreprises de construction et de génie civil
- La coordination,la consultance et le mangement général dans les domaines d’activités précités
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- JM. CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Article 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs, organe administration” (deed in French)“Remuneration administrateurs, AG_majorite_absolue_ou_actionnaire_unique” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “9, sans recours” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport numéraire avec émission nouvelles actions, courrier électronique,ou courrier ordinaire même jour si pas adresse électronique” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Decision_AG_formes_modifications_statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Designer liquidateurs determiner pouvoirs emoluments, quelque cause quelque moment” (deed in French)