JOALY CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of JOALY CONSTRUCT is 6.2% (elevated). For JOALY CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €1,143 and a net result of -€23,142. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 30855 sector peers (fiscal year 2022). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-89
Solvency53▼-47
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Age of the figures
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-09-2023, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
61 d late
2021
on the day
2020
122 d late
2019
264 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 112 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€1,143▼ 95.3%
2021 · €24,285
Total assets
€4,043▼ 87.3%
2021 · €31,809
Net result
-€23,142
2021 · €5,278
Working capital
€1,008▼ 95.8%
2021 · €23,815
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€1,971-€1,763▼ 10.6%€4,359▲ 147%€6,573▲ 50.8%-€23,558
Net result-€90-€1,113€4,082within the sector's middle half▲ 267%€5,278within the sector's middle half▲ 29.3%-€23,142below the sector's middle half
Equity€13,811-€14,925▲ 8.1%€19,007below the sector's middle half▲ 27.4%€24,285within the sector's middle half▲ 27.8%€1,143below the sector's middle half▼ 95.3%
Total assets€16,237-€25,058▲ 54.3%€50,198below the sector's middle half▲ 100%€31,809below the sector's middle half▼ 36.6%€4,043below the sector's middle half▼ 87.3%
Debt€2,426-€10,133▲ 318%€31,191▲ 208%€7,524▼ 75.9%€2,900▼ 61.5%
Working capital€13,435-€15,033▲ 11.9%€18,098▲ 20.4%€23,815▲ 31.6%€1,008▼ 95.8%
Solvency85.1%-59.6%▼ 25.5pp37.9%within the sector's middle half▼ 21.7pp76.3%above the sector's middle half▲ 38.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €23,558 after €6,573 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4,043
Fixed assets
€135 ▼ 71.3%
Current assets
€3,908 ▼ 87.5%
Equity and liabilities €4,043
Equity
€1,143 ▼ 95.3%
Debt
€2,900 ▼ 61.5%
Debt's share of the balance-sheet total rises from 23.7% to 71.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€23,223▼
2021 · €7,012
Cash flow
-€22,807▼
2021 · €5,717
Interest coverage
-71.40▼
2021 · 7.80
Debt ≤ 1 year
€2,900▼
2021 · €7,524
Ratios withheld: a balance sheet total of €4,043 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €208 | €208 | €459 | €439 | €335 | ▼ 23.7% |
| Other operating charges640/8 | - | - | - | €1,598 | €65 | ▼ 95.9% |
| Gross operating margin9900 | €2,612 | €2,361 | €5,307 | €8,610 | -€23,158 | ▼ 369% |
| Operating profit (loss)9901 | €1,971 | €1,763 | €4,359 | €6,573 | -€23,558 | ▼ 458% |
| Financial income75/76B | - | - | - | €1,041 | €742 | ▼ 28.7% |
| Recurring financial income75 | €0 | €363 | €791 | €1,041 | €742 | ▼ 28.7% |
| Financial charges65/66B | - | - | - | €899 | €325 | ▼ 63.8% |
| Recurring financial charges65 | €29 | €499 | €658 | €899 | €325 | ▼ 63.8% |
| Profit (loss) for the period before taxes9903 | €1,942 | €1,627 | €4,674 | €6,715 | -€23,142 | ▼ 445% |
| Income taxes67/77 | €2,032 | €514 | €592 | €1,437 | - | - |
| Profit (loss) for the period9904 | -€90 | €1,113 | €4,082 | €5,278 | -€23,142 | ▼ 538% |
| Profit (loss) for the period to be appropriated9905 | -€90 | €1,113 | €4,082 | €5,278 | -€23,142 | ▼ 538% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,237 | €25,058 | €50,198 | €31,809 | €4,043 | ▼ 87.3% |
| Formation expenses20 | €521 | €313 | €104 | - | - | - |
| Fixed assets21/28 | €50 | €50 | €805 | €470 | €135 | ▼ 71.3% |
| Tangible fixed assets22/27 | - | - | €755 | €420 | €85 | ▼ 79.8% |
| Furniture and vehicles24 | - | - | - | €420 | €85 | ▼ 79.8% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €15,666 | €24,695 | €49,289 | €31,339 | €3,908 | ▼ 87.5% |
| Stocks and contracts in progress3 | €3,000 | €4,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €12,195 | €19,748 | €47,836 | €29,935 | €3,359 | ▼ 88.8% |
| Trade receivables40 | - | - | - | €7,907 | €2,113 | ▼ 73.3% |
| Other amounts receivable41 | - | - | - | €22,028 | €1,246 | ▼ 94.3% |
| Cash at bank and in hand54/58 | €266 | €872 | €1,453 | €1,360 | €206 | ▼ 84.9% |
| Deferred charges and accrued income490/1 | - | - | - | €45 | €343 | ▲ 669% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,237 | €25,058 | €50,198 | €31,809 | €4,043 | ▼ 87.3% |
| Equity10/15 | €13,811 | €14,925 | €19,007 | €24,285 | €1,143 | ▼ 95.3% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €5,751 | €6,865 | €10,947 | €16,225 | -€6,917 | ▼ 143% |
| Amounts payable17/49 | €2,426 | €10,133 | €31,191 | €7,524 | €2,900 | ▼ 61.5% |
| Amounts payable within one year42/48 | €2,231 | €9,663 | €31,191 | €7,524 | €2,900 | ▼ 61.5% |
| Trade debts44 | €2,205 | €9,663 | €30,599 | €6,087 | €1,462 | ▼ 76.0% |
| Suppliers440/4 | - | - | - | €6,087 | €1,462 | ▼ 76.0% |
| Taxes, remuneration and social security45 | - | - | - | €1,437 | €1,437 | = |
| Taxes450/3 | - | - | - | €1,437 | €1,437 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€90 | €1,113 | €4,082 | €5,278 | -€23,142 | ▼ 538% |
| + Depreciation and write-downs630 | €208 | €208 | €459 | €439 | €335 | ▼ 23.7% |
| Operating cash flow (approximation) | €119 | €1,322 | €4,541 | €5,717 | -€22,807 | ▼ 499% |
| Investment in fixed assets (approximation) | - | -€208 | -€1,214 | -€104 | €0 | ▲ 100% |
| Change in cash | - | €606 | €581 | -€93 | -€1,154 | ▼ 1,139% |
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
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet -€23,142
Net result drops to -€23,142, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €5,278 ▲29.3%
Operating result €6,573, net result €5,278, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.17
Current ratio from 1.58 to 4.17; short-term debt falls from €31,191 to €7,524.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 264 days late
2019
31-12
Financial
Back to profitnet €1,113
Net result €1,113 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 2016
Ground area
901 m²
Building footprint
653 m²
Volume, LiDAR
12,493 m³
2 parcels, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
471
companies at this address
See who is registered here
1 establishment unit
JOALY CONSTRUCT
since 20162.261.829.667
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 21001A0339/00M004 | Brussels | 230 m² | 1 · 165 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,093 companies in sector 43240 we hold annual accounts for 1,635. 172 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 (pre-2019)
Founded13-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
43350Other building finishing work
43910Bricklaying and masonry work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.