JNC CONSTRUCT
ActiveSummary
JNC CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189,680 and a net result of €14,529. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 7524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+8
Solvency100▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.9 against 2.44 in 2024; short-term debt: 16.2% and cash: 15.8% of total assets), and 17.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.3%
Return on assets
6.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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
53 d late
2024
48 d late
2023
69 d late
2022
39 d late
2021
44 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€189,680▲ 8.3%
2024 · €175,150
Total assets
€230,341▼ 20.9%
2024 · €291,229
Net result
€14,529▲ 1,160%
2024 · €1,153
Working capital
€182,617▲ 9.6%
2024 · €166,633
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
Line20212022202320242025
Operating result€38,354▲ 240%€75,685▲ 97.3%€106,537▲ 40.8%-€1,891€16,537
Net result€8,616▲ 36.1%€55,294▲ 542%€68,481▲ 23.8%€1,153▼ 98.3%€14,529▲ 1,160%
Equity€88,794▲ 10.7%€144,088▲ 62.3%€212,569▲ 47.5%€175,150▼ 17.6%€189,680▲ 8.3%
Total assets€165,311▲ 19.5%€226,980▲ 37.3%€387,409▲ 70.7%€291,229▼ 24.8%€230,341▼ 20.9%
Debt€76,517▲ 31.5%€82,892▲ 8.3%€174,840▲ 111%€116,079▼ 33.6%€40,662▼ 65.0%
Working capital€83,752▲ 13.7%€134,126▲ 60.1%€199,346▲ 48.6%€166,633▼ 16.4%€182,617▲ 9.6%
Staff (FTE)3.6▼ 5.3%1.8▼ 50.0%1▼ 44.4%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,537 after a loss of €1,891 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,341
Fixed assets
€10,488 ▲ 21.3%
Current assets
€219,853 ▼ 22.2%
Equity and liabilities €230,341
Equity
€189,680 ▲ 8.3%
Debt
€40,662 ▼ 65.0%
Debt's share of the balance-sheet total falls from 39.9% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,167▲
2024 · €3,447
Cash flow
€22,159▲
2024 · €6,490
Current ratio
5.90▲
2024 · 2.44
Debt to equity
0.21▼
2024 · 0.66
ROE
7.7%▲
2024 · 0.7%
ROA
6.3%▲
2024 · 0.4%
Interest coverage
78.76▲
2024 · 15.29
Debt ≤ 1 year
€37,236▼
2024 · €115,950
Income taxes
€4,089▲
2024 · €157
Staff costs
€48,198▲
2024 · €47,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €736 | - | - | - |
| Remuneration, social security and pensions62 | €155,254 | €86,987 | €43,277 | €47,380 | €48,198 | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,606 | €2,377 | €5,669 | €5,338 | €7,630 | ▲ 43.0% |
| Other operating charges640/8 | €1,718 | €3,030 | €1,237 | €1,317 | €3,960 | ▲ 201% |
| Gross operating margin9900 | €199,933 | €168,078 | €156,720 | €52,144 | €76,325 | ▲ 46.4% |
| Operating profit (loss)9901 | €38,354 | €75,685 | €106,537 | -€1,891 | €16,537 | ▲ 975% |
| Financial income75/76B | €1,555 | €4,237 | €2,822 | €3,425 | €2,388 | ▼ 30.3% |
| Recurring financial income75 | €1,555 | €4,237 | €2,822 | €3,425 | €2,388 | ▼ 30.3% |
| Financial charges65/66B | €2,387 | €2,453 | €672 | €225 | €307 | ▲ 36.1% |
| Recurring financial charges65 | €2,387 | €2,453 | €672 | €225 | €307 | ▲ 36.1% |
| Profit (loss) for the period before taxes9903 | €37,522 | €77,468 | €108,686 | €1,309 | €18,619 | ▲ 1,322% |
| Income taxes67/77 | €28,906 | €22,174 | €40,205 | €157 | €4,089 | ▲ 2,509% |
| Profit (loss) for the period9904 | €8,616 | €55,294 | €68,481 | €1,153 | €14,529 | ▲ 1,160% |
| Profit (loss) for the period to be appropriated9905 | €8,616 | €55,294 | €68,481 | €1,153 | €14,529 | ▲ 1,160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,311 | €226,980 | €387,409 | €291,229 | €230,341 | ▼ 20.9% |
| Fixed assets21/28 | €5,042 | €9,962 | €13,232 | €8,647 | €10,488 | ▲ 21.3% |
| Tangible fixed assets22/27 | €3,232 | €6,252 | €9,522 | €4,937 | €6,778 | ▲ 37.3% |
| Plant, machinery and equipment23 | €3,232 | €4,554 | €7,372 | €4,501 | €4,779 | ▲ 6.2% |
| Furniture and vehicles24 | - | €1,697 | €2,151 | €436 | €1,999 | ▲ 359% |
| Financial fixed assets28 | €1,810 | €3,710 | €3,710 | €3,710 | €3,710 | = |
| Current assets29/58 | €160,269 | €217,018 | €374,177 | €282,582 | €219,853 | ▼ 22.2% |
| Amounts receivable within one year40/41 | €125,452 | €207,038 | €263,543 | €219,677 | €182,064 | ▼ 17.1% |
| Trade receivables40 | €73,870 | €153,066 | €208,803 | €155,084 | €145,634 | ▼ 6.1% |
| Other amounts receivable41 | €51,582 | €53,973 | €54,740 | €64,593 | €36,430 | ▼ 43.6% |
| Cash at bank and in hand54/58 | €33,589 | €8,484 | €104,762 | €61,339 | €36,399 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | €1,228 | €1,496 | €5,872 | €1,567 | €1,390 | ▼ 11.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,311 | €226,980 | €387,409 | €291,229 | €230,341 | ▼ 20.9% |
| Equity10/15 | €88,794 | €144,088 | €212,569 | €175,150 | €189,680 | ▲ 8.3% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Non-distributable reserves130/1 | €18,550 | €18,550 | - | - | - | - |
| Reserves not available under the articles1311 | €18,550 | €18,550 | - | - | - | - |
| Distributable reserves133 | - | - | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | €70,243 | €125,537 | €194,018 | €156,599 | €171,129 | ▲ 9.3% |
| Amounts payable17/49 | €76,517 | €82,892 | €174,840 | €116,079 | €40,662 | ▼ 65.0% |
| Amounts payable within one year42/48 | €76,517 | €82,892 | €174,831 | €115,950 | €37,236 | ▼ 67.9% |
| Trade debts44 | €31,280 | €46,807 | €138,548 | €54,237 | €31,070 | ▼ 42.7% |
| Suppliers440/4 | €31,280 | €46,807 | €138,548 | €54,237 | €31,070 | ▼ 42.7% |
| Taxes, remuneration and social security45 | €45,238 | €36,085 | €36,283 | €34,713 | €6,167 | ▼ 82.2% |
| Taxes450/3 | €42,020 | €32,406 | €31,380 | €29,090 | €1,017 | ▼ 96.5% |
| Remuneration and social security454/9 | €3,218 | €3,680 | €4,902 | €5,623 | €5,150 | ▼ 8.4% |
| Other amounts payable47/48 | - | - | - | €27,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €9 | €129 | €3,425 | ▲ 2,555% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,616 | €55,294 | €68,481 | €1,153 | €14,529 | ▲ 1,160% |
| + Depreciation and write-downs630 | €4,606 | €2,377 | €5,669 | €5,338 | €7,630 | ▲ 43.0% |
| Operating cash flow (approximation) | €13,223 | €57,671 | €74,150 | €6,490 | €22,159 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€7,296 | -€8,939 | -€752 | -€9,471 | ▼ 1,159% |
| Change in cash | - | -€25,105 | €96,278 | -€43,423 | -€24,939 | ▲ 42.6% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 5.90
Current ratio from 2.44 to 5.90; short-term debt falls from €115,950 to €37,236.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
31-12
Financial
Weakest financial yearnet €1,153 ▼98.3%
Net result drops to €1,153, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €68,481 ▲23.8%
Operating result €106,537, net result €68,481, both a record.
31-12
Financial
Equity above €200,000Eq €212,569 ▲47.5%
6 profitable years in a row build equity to €212,569.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-12
Financial
Equity above €100,000Eq €144,088 ▲62.3%
5 profitable years in a row build equity to €144,088.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Anderlecht · 1 establishment unit since 2017
Ground area
57 m²
Building footprint
56 m²
Volume, LiDAR
573 m³
Parcel 21304B0014/00E009, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
JNC CONSTRUCT
since 20172.268.928.285
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0014/00E009 | Brussels | 57 m² | 1 · 56 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 29,787 companies in sector 41001 we hold annual accounts for 16,037. 12,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43331Floor and wall tiling
43410Roofing work
43421Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.