JNF construct
ActiveSummary
The computed 12-month bankruptcy probability of JNF construct is 2.2% (moderate). The 2024 annual accounts show equity of €132,069 and a net result of €35,207. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 9976 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
Axes · tick = 2023
Profitability89▲+3
Solvency86▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.15 in 2023; short-term debt: 32.3% and cash: 54.7% of total assets), and 39.3% of the assets are financed with debt.
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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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
29 d late
2022
25 d late
2021
12 d early
2020
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€132,069▼ 0.5%
2023 · €132,737
Total assets
€217,488▼ 9.5%
2023 · €240,286
Net result
€35,207▲ 4.6%
2023 · €33,663
Working capital
€77,841▼ 5.2%
2023 · €82,080
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
Line20202021202220232024
Operating result€45,597-€119,095▲ 161%€117,095▼ 1.7%€42,585▼ 63.6%€46,277▲ 8.7%
Net result€34,229-€89,984▲ 163%€90,954▲ 1.1%€33,663▼ 63.0%€35,207▲ 4.6%
Equity€38,629-€128,614▲ 233%€219,568▲ 70.7%€132,737▼ 39.5%€132,069▼ 0.5%
Total assets€97,320-€398,816▲ 310%€360,581▼ 9.6%€240,286▼ 33.4%€217,488▼ 9.5%
Debt€58,691-€270,202▲ 360%€141,013▼ 47.8%€107,549▼ 23.7%€85,419▼ 20.6%
Working capital€18,935-€88,416▲ 367%€179,601▲ 103%€82,080▼ 54.3%€77,841▼ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €217,488
Fixed assets
€69,405 ▼ 19.9%
Current assets
€148,083 ▼ 3.6%
Equity and liabilities €217,488
Equity
€132,069 ▼ 0.5%
Debt
€85,419 ▼ 20.6%
Debt's share of the balance-sheet total falls from 44.8% to 39.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€67,016▲
2023 · €64,513
Cash flow
€55,946▲
2023 · €55,591
Current ratio
2.11▼
2023 · 2.15
Debt to equity
0.65▼
2023 · 0.81
ROE
26.7%▲
2023 · 25.4%
ROA
16.2%▲
2023 · 14.0%
Interest coverage
103.91▲
2023 · 75.53
Debt ≤ 1 year
€70,242▼
2023 · €71,537
Debt > 1 year
€14,944▼
2023 · €35,812
Income taxes
€12,326▲
2023 · €8,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €730 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,908 | €13,670 | €24,122 | €21,928 | €20,738 | ▼ 5.4% |
| Other operating charges640/8 | - | €314 | €310 | €675 | €763 | ▲ 13.1% |
| Gross operating margin9900 | €53,607 | €133,079 | €141,526 | €65,188 | €67,779 | ▲ 4.0% |
| Operating profit (loss)9901 | €45,597 | €119,095 | €117,095 | €42,585 | €46,277 | ▲ 8.7% |
| Financial income75/76B | - | €0 | €19 | €678 | €1,901 | ▲ 180% |
| Recurring financial income75 | €1 | €0 | €19 | €678 | €1,901 | ▲ 180% |
| Financial charges65/66B | - | €590 | €1,483 | €854 | €645 | ▼ 24.5% |
| Recurring financial charges65 | €445 | €590 | €1,483 | €854 | €645 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €45,153 | €118,506 | €115,631 | €42,410 | €47,533 | ▲ 12.1% |
| Income taxes67/77 | €10,924 | €28,521 | €24,676 | €8,747 | €12,326 | ▲ 40.9% |
| Profit (loss) for the period9904 | €34,229 | €89,984 | €90,954 | €33,663 | €35,207 | ▲ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €34,229 | €89,984 | €90,954 | €33,663 | €35,207 | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,320 | €398,816 | €360,581 | €240,286 | €217,488 | ▼ 9.5% |
| Formation expenses20 | €190 | €0 | - | - | - | - |
| Fixed assets21/28 | €42,178 | €124,252 | €100,130 | €86,668 | €69,405 | ▼ 19.9% |
| Tangible fixed assets22/27 | €42,178 | €124,252 | €100,130 | €86,668 | €69,405 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | €105,476 | €86,633 | €72,208 | €61,696 | ▼ 14.6% |
| Furniture and vehicles24 | - | €18,776 | €13,497 | €11,502 | €5,073 | ▼ 55.9% |
| Other tangible fixed assets26 | - | - | - | €2,958 | €2,635 | ▼ 10.9% |
| Current assets29/58 | €54,952 | €274,564 | €260,451 | €153,617 | €148,083 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €11,295 | €49,224 | €37,261 | €41,644 | €28,955 | ▼ 30.5% |
| Trade receivables40 | - | €38,737 | €37,261 | €32,615 | €24,256 | ▼ 25.6% |
| Other amounts receivable41 | - | €10,487 | €0 | €9,029 | €4,699 | ▼ 48.0% |
| Cash at bank and in hand54/58 | €42,386 | €223,420 | €220,863 | €110,349 | €119,009 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | €1,920 | €2,327 | €1,625 | €119 | ▼ 92.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,320 | €398,816 | €360,581 | €240,286 | €217,488 | ▼ 9.5% |
| Equity10/15 | €38,629 | €128,614 | €219,568 | €132,737 | €132,069 | ▼ 0.5% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €32,629 | €122,614 | €213,568 | €122,614 | €122,614 | = |
| Distributable reserves133 | - | €122,614 | €213,568 | €122,614 | €122,614 | = |
| Profit (loss) carried forward14 | - | €0 | - | €0 | €0 | - |
| Investment grants15 | - | - | - | €4,123 | €3,455 | ▼ 16.2% |
| Amounts payable17/49 | €58,691 | €270,202 | €141,013 | €107,549 | €85,419 | ▼ 20.6% |
| Amounts payable after more than one year17 | €22,674 | €83,854 | €59,964 | €35,812 | €14,944 | ▼ 58.3% |
| Financial debts170/4 | - | €83,854 | €59,964 | €35,812 | €14,944 | ▼ 58.3% |
| Amounts payable within one year42/48 | €36,017 | €186,148 | €80,849 | €71,537 | €70,242 | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €23,631 | €23,890 | €24,152 | €20,867 | ▼ 13.6% |
| Trade debts44 | €478 | €113,151 | €12,111 | €6,452 | €7,311 | ▲ 13.3% |
| Suppliers440/4 | - | €113,151 | €12,111 | €6,452 | €7,311 | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | €34,440 | €42,951 | €5,940 | €5,890 | ▼ 0.8% |
| Taxes450/3 | - | €31,440 | €39,951 | €2,940 | €2,890 | ▼ 1.7% |
| Remuneration and social security454/9 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Other amounts payable47/48 | - | €14,926 | €1,897 | €34,993 | €36,173 | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | €200 | €200 | €200 | €233 | ▲ 16.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,229 | €89,984 | €90,954 | €33,663 | €35,207 | ▲ 4.6% |
| + Depreciation and write-downs630 | €7,908 | €13,670 | €24,122 | €21,928 | €20,738 | ▼ 5.4% |
| Operating cash flow (approximation) | €42,137 | €103,654 | €115,076 | €55,591 | €55,946 | ▲ 0.6% |
| Investment in fixed assets (approximation) | - | -€95,744 | €0 | -€8,466 | -€3,475 | ▲ 59.0% |
| Change in cash | - | €181,034 | -€2,558 | -€110,514 | €8,660 | ▲ 108% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €33,663 ▼63%
Net result drops to €33,663, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2020net €90,954 ▲1.1%
Net result €90,954, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.22
Current ratio from 1.47 to 3.22; short-term debt falls from €186,148 to €80,849.
31-12
Financial
Equity above €200,000Eq €219,568 ▲70.7%
3 profitable years in a row build equity to €219,568.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €128,614 ▲233%
2 profitable years in a row build equity to €128,614.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Welkenraedt · 1 establishment unit since 2020
Ground area
781 m²
Building footprint
196 m²
Parcel 63032F0101/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
JNF Construct
since 20202.299.101.720
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63032F0101/00D000 | Wallonia | 781 m² | 1 · 196 m² | - |
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. 12,834 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
Founded11-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.