JOEL CONSTRUCTIONS
ActiveSummary
JOEL CONSTRUCTIONS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,289 and a net result of €7,229. Its solvency ranks better than 14% of 11,723 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €11,212 after a loss of €5,018 in 2024.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: 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.
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94.1% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 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 2,157 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €143 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €734 | €545 | ▼ 25.8% |
| Other operating charges640/8 | - | €450 | - |
| Gross operating margin9900 | -€4,284 | €12,351 | - |
| Operating profit (loss)9901 | -€5,018 | €11,212 | - |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €172 | €70 | ▼ 59.1% |
| Recurring financial charges65 | €172 | €70 | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | -€5,190 | €11,142 | - |
| Income taxes67/77 | - | €3,913 | - |
| Profit (loss) for the period9904 | -€5,190 | €7,229 | - |
| Profit (loss) for the period to be appropriated9905 | -€5,190 | €7,229 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,498 | €38,537 | ▲ 15× |
| Formation expenses20 | €525 | - | - |
| Fixed assets21/28 | - | €1,917 | - |
| Tangible fixed assets22/27 | - | €1,757 | - |
| Furniture and vehicles24 | - | €1,757 | - |
| Financial fixed assets28 | - | €160 | - |
| Current assets29/58 | €1,973 | €36,620 | ▲ 19× |
| Stocks and contracts in progress3 | €984 | - | - |
| Contracts in progress37 | €984 | - | - |
| Amounts receivable within one year40/41 | €845 | €15,123 | ▲ 18× |
| Trade receivables40 | - | €15,111 | - |
| Other amounts receivable41 | €845 | €12 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €144 | €20,346 | ▲ 141× |
| Deferred charges and accrued income490/1 | - | €1,151 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,498 | €38,537 | ▲ 15× |
| Equity10/15 | -€3,940 | €3,289 | - |
| Contributions10/11 | €1,250 | €1,250 | = |
| Reserves13 | - | €2,039 | - |
| Distributable reserves133 | - | €2,039 | - |
| Profit (loss) carried forward14 | -€5,190 | - | - |
| Amounts payable17/49 | €6,438 | €35,248 | ▲ 448% |
| Amounts payable within one year42/48 | €6,438 | €35,248 | ▲ 448% |
| Trade debts44 | €3,001 | €169 | ▼ 94.4% |
| Suppliers440/4 | €3,001 | €169 | ▼ 94.4% |
| Taxes, remuneration and social security45 | €40 | €12,055 | ▲ 299× |
| Taxes450/3 | €40 | €12,055 | ▲ 299× |
| Other amounts payable47/48 | €3,397 | €23,024 | ▲ 578% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€5,190 | €7,229 | - |
| + Depreciation and write-downs630 | €734 | €545 | ▼ 25.8% |
| Operating cash flow (approximation) | -€4,456 | €7,774 | - |
| Change in cash | - | €20,202 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-03-2026 | 2026-00064937 |
| 31-12-2024 | micro format | 25-04-2025 | 2025-00076477 |
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.