Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €407,836 falls due within a year.
Green is investment, beige is depreciation.
The 2024 accounts came latest: 28 days after the end of the period.
Less equity than 90% of companies in real estate. Sector median €73,119 · 17,206 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 68, micro). It does better than 14% of them on solvency, 16% on liquidity, 29% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,167 companies had the same profile as JNS Construct has now. Each dot stands for 3 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JNS Construct itself is lower: 0.3% within 12 months. It rests on far more data about JNS Construct than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for JNS Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.06 (0.05 in 2024), below 1. Short-term debt is 65.4% and cash 3.8% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 1 day before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| JNS Construct Bekkevoort | €623,966 | €31,004 | -8.6% | - |
| Immo Modest Oudsbergen | €591,466 | €33,126 | 17.1% | - |
| JSL Riemst | €686,703 | €34,875 | 5.5% | - |
| RS Projects Aalst | €683,904 | €34,819 | -26.2% | - |
| GRAZIANI IMMO Ath | €601,660 | €32,167 | 20.9% | - |
| COOKIE Schilde | €530,050 | €31,855 | 0.3% | - |
| MEYERS INVEST Hasselt | €605,479 | €25,815 | 7.6% | - |
These companies have the same main activity as JNS Construct: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €530,000 and €687,000, founded between 2019 and 2020.
JNS Construct files the micro format. That format states no turnover. The gross margin rose from -€5,509 in 2021 to €31,004 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €51,000. Estimated: probably between €38,000 and €74,000.
Higher than 14% of 17,190 companies in 2025.
Higher than 8% of 16,487 companies in 2025.
Higher than 32% of 16,866 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
623,966 | 603,375 | 323,574 | 342,096 | 252,279 | |
21/28 |
599,716 | 585,903 | 11,534 | 13,238 | 2,843 | |
22/27 |
599,716 | 585,903 | 11,534 | 13,238 | 2,843 | |
22 |
599,716 | 576,074 | - | - | - | |
23 |
- | 9,829 | 11,534 | 13,238 | 2,843 | |
29/58 |
24,250 | 17,473 | 312,040 | 328,858 | 249,436 | |
3 |
- | - | 302,044 | 302,044 | 213,180 | |
30/36 |
- | - | 302,044 | 302,044 | 213,180 | |
40/41 |
348 | 2,220 | 3,858 | 2,882 | 12,253 | |
40 |
348 | - | - | - | 12,100 | |
41 |
- | 2,220 | 3,858 | 2,882 | 153 | |
54/58 |
23,901 | 15,253 | 6,139 | 23,742 | 24,002 | |
490/1 |
- | - | - | 190 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
623,966 | 603,375 | 323,574 | 342,096 | 252,279 | |
10/15 |
-53,572 | -49,254 | 9,406 | 16,497 | 23,705 | |
10/11 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |
14 |
-83,572 | -79,254 | -20,595 | -13,503 | -6,295 | |
17/49 |
677,537 | 652,629 | 314,168 | 325,599 | 228,574 | |
17 |
269,702 | 324,702 | 180,000 | 180,000 | 150,000 | |
170/4 |
269,702 | 324,702 | 180,000 | 180,000 | 150,000 | |
42/48 |
407,836 | 327,928 | 134,168 | 145,599 | 78,574 | |
42 |
- | 5,298 | - | - | - | |
44 |
- | 215 | 775 | 215 | 263 | |
440/4 |
- | 215 | 775 | 215 | 263 | |
45 |
- | 37,672 | 40 | 40 | 40 | |
450/3 |
- | 37,672 | 40 | 40 | 40 | |
47/48 |
407,836 | 284,742 | 133,353 | 145,345 | 78,272 | |
| Income statement | ||||||
9900 |
31,004 | -15,137 | -4,522 | -5,504 | -5,509 | |
630 |
13,907 | 2,766 | 1,705 | 1,705 | 406 | |
640/8 |
- | 11,591 | - | - | 380 | |
66A |
9,829 | - | - | - | - | |
9901 |
7,268 | -29,494 | -6,227 | -7,209 | -6,295 | |
65/66B |
11,586 | 29,166 | 864 | - | - | |
65 |
11,586 | 29,166 | 864 | - | - | |
9903 |
-4,317 | -58,660 | -7,091 | -7,209 | -6,295 | |
9904 |
-4,317 | -58,660 | -7,091 | -7,209 | -6,295 | |
9905 |
-4,317 | -58,660 | -7,091 | -7,209 | -6,295 | |
| Appropriation of the result | ||||||
9906 |
-83,572 | -79,254 | -20,595 | -13,503 | -6,295 | |
14P |
-79,254 | -20,595 | -13,503 | -6,295 | - | |
| Document | ||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00419059.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00419059 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00426904 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00119911 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00300062 | |
| 31-12-2021 | micro format | 03-08-2022 | 2022-20270203 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 21,175 | -26,728 | -4,522 | -5,504 | -5,889 | ||
| 9,589 | -55,894 | -5,386 | -5,504 | -5,889 | ||
| 37,549 | 577,135 | 0 | 12,100 | 3,250 | ||
| 8,648 | 9,114 | -17,603 | -260 | - | ||
| -383,586 | -310,455 | 177,872 | 183,258 | 170,862 | ||
| -8.6% | -8.2% | 2.9% | 4.8% | 9.4% | ||
| 0.06 | 0.05 | 2.33 | 2.26 | 3.17 | ||
| 0.06 | 0.05 | 0.07 | 0.18 | 0.46 | ||
| - | - | 33.40 | 19.74 | 9.64 | ||
| - | - | -75.4% | -43.7% | -26.6% | ||
| -0.7% | -9.7% | -2.2% | -2.1% | -2.5% | ||
| 1.83 | -0.92 | -5.23 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €37,500 | €37,500 | - | - | - |
| €251,250 | €251,250 | - | - | - | |
| Carrying value of the mortgaged assets | €599,716 | €576,074 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €37,549 | €577,135 | - | €12,100 | €3,250 |
| €13,907 | €2,766 | €1,705 | €1,705 | €406 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €7,268, after a loss of €29,494 in 2024. It is the highest result since 2021.
Equity is negative. Debt (€677,537) exceeds the balance-sheet total (€623,966).
JNS Construct has no parent and no holdings in its annual accounts. LAEREMANS Johan Kristof is the only director.
| JNS Invest
registered office since 19-02-2019 · founded in 2019 |
total assets €358,140 (2025) 0720.865.792 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
JNS Construct was incorporated on 17 June 2020 as a private limited company by three natural persons, with a starting capital of €30,000.12 The registered office was moved to Bekkevoort in 2023.3 LAEREMANS Johan Kristof is director of the company, appointed by deed of 19-06-2020.2 Total assets rose from €252,279 in 2021 to €623,966 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Plasveldstraat 2D registered office 3461 Bekkevoort | ||
| Plasveldstraat 2 3461 Bekkevoort 41001 General construction of residential buildings | 17-06-2020 | 2.303.526.801 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24072B0286/00P000 | 1,292 m² | 1 · 187 m² | 10.8 m · 2 |
| 24072B0283/00G000 | 988 m² | - | - |
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