JOLY CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of JOLY CONSTRUCT is 3.6% (moderate). The 2025 annual accounts show equity of €149k and a net result of €51k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 2056 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80=
Solvency51▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.27 in 2024; short-term debt: 74.1% and cash: 49.6% of total assets), and 74.1% of the assets are financed with debt.
Credit check for your own amount and term
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-11-2025, 9 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
9 d late
2024
1 d early
2023
2 d early
2022
39 d early
2021
3 d late
2020
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51k▼ 5.3%
2024 · €54k
2020: €12klowest in 6 years
2021: €28k▲ +132% vs 2020
2022: €39k▲ +38.0% vs 2021
2023: €44k▲ +15.3% vs 2022
2024: €54k▲ +21.7% vs 2023highest in 6 years
2025: €51k▼ -5.3% vs 2024
2020 → 2025
Working capital
€129k▲ 4.4%
2024 · €124k
2020: €20klowest in 6 years
2021: €43k▲ +115% vs 2020
2022: €81k▲ +85.6% vs 2021
2023: €125k▲ +55.1% vs 2022
2024: €124k▼ -1.1% vs 2023
2025: €129k▲ +4.4% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€89k▲ 77.1%€133k▲ 50.2%€142k▲ 6.8%€149k▲ 4.9%
2021: €50klowest in 5 years
2022: €89k▲ +77.1% vs 2021
2023: €133k▲ +50.2% vs 2022
2024: €142k▲ +6.8% vs 2023
2025: €149k▲ +4.9% vs 2024highest in 5 years
Operating result€37k-€52k▲ 40.8%€61k▲ 19.3%€72k▲ 17.7%€74k▲ 2.7%
2021: €37klowest in 5 years
2022: €52k▲ +40.8% vs 2021
2023: €61k▲ +19.3% vs 2022
2024: €72k▲ +17.7% vs 2023
2025: €74k▲ +2.7% vs 2024highest in 5 years
Net result€28k-€39k▲ 38.0%€44k▲ 15.3%€54k▲ 21.7%€51k▼ 5.3%
2021: €28klowest in 5 years
2022: €39k▲ +38.0% vs 2021
2023: €44k▲ +15.3% vs 2022
2024: €54k▲ +21.7% vs 2023highest in 5 years
2025: €51k▼ -5.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €575k
Fixed assets
€20k ▲ 8.1%
Current assets
€555k ▼ 5.5%
Equity and liabilities €575k
Equity
€149k ▲ 4.9%
Debt
€426k ▼ 8.1%
Debt's share of the balance-sheet total falls from 76.5% to 74.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84k▲
2024 · €81k
Cash flow
€61k▼
2024 · €63k
Current ratio
1.30▲
2024 · 1.27
Debt to equity
2.86▼
2024 · 3.26
ROE
34.4%▼
2024 · 38.1%
ROA
8.9%▼
2024 · 8.9%
Interest coverage
34.35▼
2024 · 934.40
Debt ≤ 1 year
€426k▼
2024 · €463k
Income taxes
€21k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€605k€575k▼
Fixed assets21/28€18k€20k▲
Tangible fixed assets22/27€18k€20k▲
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€13k€15k▲
Financial fixed assets28€172€172=
Current assets29/58€587k€555k▼
Amounts receivable within one year40/41€403k€269k▼
Trade receivables40€393k€257k▼
Other amounts receivable41€10k€12k▲
Cash at bank and in hand54/58€181k€285k▲
Deferred charges and accrued income490/1€3k€933▼
Equity and liabilities
Total equity and liabilities10/49€605k€575k▼
Equity10/15€142k€149k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€130k€137k▲
Amounts payable17/49€463k€426k▼
Amounts payable within one year42/48€463k€426k▼
Trade debts44€291k€264k▼
Suppliers440/4€291k€264k▼
Advances received on contracts in progress46€133k€97k▼
Taxes, remuneration and social security45€39k€34k▼
Taxes450/3€34k€34k▲
Remuneration and social security454/9€5k-
Other amounts payable47/48-€31k
Accrued charges and deferred income492/3€14-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-37k-
Other operating charges640/8€39k€12k▼
Gross operating margin9900€83k€96k▲
Operating profit (loss)9901€72k€74k▲
Financial income75/76B€209€116▼
Recurring financial income75€209€116▼
Financial charges65/66B€87€2k▲
Recurring financial charges65€87€2k▲
Profit (loss) for the period before taxes9903€72k€72k▼
Income taxes67/77€18k€21k▲
Profit (loss) for the period9904€54k€51k▼
Profit (loss) for the period to be appropriated9905€54k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€181k▲
Profit (loss) brought forward from the previous period14P€121k€130k▲
Profit to be distributed694/7€45k€44k▼
Return on contributions (dividend)694€45k€44k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €4k | €4k | €9k | €9k | ▲ 5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-37k | - | - |
| Other operating charges640/8 | - | €1k | €1k | €39k | €12k | ▼ 69.0% |
| Gross operating margin9900 | €75k | €56k | €67k | €83k | €96k | ▲ 15.7% |
| Operating profit (loss)9901 | €37k | €52k | €61k | €72k | €74k | ▲ 2.7% |
| Financial income75/76B | - | €0 | €420 | €209 | €116 | ▼ 44.5% |
| Recurring financial income75 | - | €0 | €420 | €209 | €116 | ▼ 44.5% |
| Financial charges65/66B | - | €80 | €1k | €87 | €2k | ▲ 2,701% |
| Recurring financial charges65 | €52 | €80 | €1k | €87 | €2k | ▲ 2,701% |
| Profit (loss) for the period before taxes9903 | €37k | €51k | €60k | €72k | €72k | ▼ 0.7% |
| Income taxes67/77 | €9k | €13k | €16k | €18k | €21k | ▲ 12.9% |
| Profit (loss) for the period9904 | €28k | €39k | €44k | €54k | €51k | ▼ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €28k | €39k | €44k | €54k | €51k | ▼ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325k | €296k | €405k | €605k | €575k | ▼ 5.1% |
| Fixed assets21/28 | €7k | €8k | €8k | €18k | €20k | ▲ 8.1% |
| Tangible fixed assets22/27 | €6k | €8k | €8k | €18k | €20k | ▲ 8.2% |
| Plant, machinery and equipment23 | - | €4k | €6k | €5k | €5k | ▲ 6.7% |
| Furniture and vehicles24 | - | €4k | €2k | €13k | €15k | ▲ 8.7% |
| Financial fixed assets28 | €65 | €65 | €65 | €172 | €172 | = |
| Current assets29/58 | €318k | €288k | €397k | €587k | €555k | ▼ 5.5% |
| Amounts receivable within one year40/41 | €180k | €233k | €260k | €403k | €269k | ▼ 33.3% |
| Trade receivables40 | - | €197k | €242k | €393k | €257k | ▼ 34.6% |
| Other amounts receivable41 | - | €36k | €18k | €10k | €12k | ▲ 18.5% |
| Cash at bank and in hand54/58 | €137k | €53k | €136k | €181k | €285k | ▲ 57.4% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €3k | €933 | ▼ 66.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325k | €296k | €405k | €605k | €575k | ▼ 5.1% |
| Equity10/15 | €50k | €89k | €133k | €142k | €149k | ▲ 4.9% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Outside capital11 | - | €10k | - | - | - | - |
| Other1109/19 | - | €10k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €38k | €77k | €121k | €130k | €137k | ▲ 5.3% |
| Amounts payable17/49 | €275k | €207k | €272k | €463k | €426k | ▼ 8.1% |
| Amounts payable within one year42/48 | €275k | €207k | €272k | €463k | €426k | ▼ 8.1% |
| Trade debts44 | €172k | €108k | €131k | €291k | €264k | ▼ 9.4% |
| Suppliers440/4 | - | €108k | €131k | €291k | €264k | ▼ 9.4% |
| Advances received on contracts in progress46 | - | €86k | €125k | €133k | €97k | ▼ 27.2% |
| Taxes, remuneration and social security45 | - | €13k | €16k | €39k | €34k | ▼ 12.6% |
| Taxes450/3 | - | €13k | €16k | €34k | €34k | ▲ 0.3% |
| Remuneration and social security454/9 | - | - | - | €5k | - | - |
| Other amounts payable47/48 | - | - | - | - | €31k | - |
| Accrued charges and deferred income492/3 | - | - | - | €14 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €39k | €44k | €54k | €51k | ▼ 5.3% |
| + Depreciation and write-downs630 | €1k | €4k | €4k | €9k | €9k | ▲ 5.0% |
| Operating cash flow (approximation) | €29k | €42k | €48k | €63k | €61k | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-4k | €-19k | €-11k | ▲ 43.9% |
| Change in cash | - | €-84k | €84k | €45k | €104k | ▲ 133% |
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
2025
09-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 9 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2020net €54k ▲21.7%
Net result €54k, the highest in the series.
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100kEq €133k ▲50.2%
4 profitable years in a row build equity to €133k.
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 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, Ukkel · 1 establishment unit since 2019
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
JOLY CONSTRUCT
since 20192.287.011.560
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,060 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
Founded14-03-2019
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
43320Joinery installation
Contact
Phone
000000000Ukkel
Scores and ratios are computed by Checked and are not a credit decision.