Equity
€148,864 ▲ 4.9%
JOLY CONSTRUCT paid out €44,286 in dividends. That is 87% of the 2025 profit.
JOLY CONSTRUCT
Lifetime
6 annual accounts with figures on one time axispeak €95,665 (2025)
€95,665▲ 15.7%
peak €54,044 (2024)
€51,176▼ 5.3%
peak €148,864 (2025)
€148,864▲ 4.9%
€425,767▼ 8.1%
Board3 names since 2019
2 directorsIndries Vasile Mihai and 1 other
Documentsfilings and deeds
09-11-20259 days late
2025financial year
Gross margin from €82,714 to €95,665Dividend €44,286Cash from €180,954 to €284,808
Key points
from the 2025 annual accountsDebts
€425,767 74% of the balance sheet
Suppliers 62%Taxes and wages 8%Other 30%
At the same address
307 companies
2026 accounts not filed, 9 days past the deadline
Checked score
70
Healthy
Financially stronger than 48% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.1 percentage points vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025
11-2025: 0.7%▲ +0.3 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -0.5 percentage points vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%▲ +0.2 percentage points vs 09-2026
11-2026: 0.6%▲ +0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 10-11-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 9 days late
lowers risk
Size: total assets €574,631
Liquidity: current ratio 1.30, cash €284,808
Calculation
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 43, micro). It does better than 27% of them on solvency, 58% on liquidity, 59% on profitability and 46% 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 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as JOLY CONSTRUCT has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JOLY CONSTRUCT itself: 0.6% within 12 months.
Test of the method
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 2,684 companies, not a prediction for JOLY 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (1.27 in 2024), below the usual 1.5. Short-term debt is 74.1% and cash 49.6% of total assets. 74.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2026
not filed
2025
9 days late
2024
1 day early
2023
2 days early
2022
39 days early
2021
3 days late
2020
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 4 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Indries loan 51 sharesdeed of 31-07-2024
- Indries Vasile Mihai 49 sharesdeed of 31-07-2024
Recent changes
Transfer of 49 shares from Indries loan to Indries Vasile Mihai
Appointment: Indries Vasile Mihai (director) · Indries loan holds 51 shares · Indries Vasile Mihai holds 49 shares · General meeting of 29-06-2021 · Gazette deed
Registered office moved to Brussels
New registered office: Chaussée d'Alsemberg 842, 1180 Bruxelles · General meeting of 10-10-2020 · Gazette deed
Change of role: INDRIES Ioan, from manager to director
General meeting of 29-06-2021 · Gazette deed
First establishment
Alsembergsesteenweg 842, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JOLY CONSTRUCT Uccle | €574,631 | €95,665 | 25.9% | - |
| SW CONSTRUCTION Koekelberg | €574,315 | €94,737 | 60.3% | - |
| HANDY GROUP NVV Anderlecht | €565,901 | €104,939 | 32.8% | 3 |
| DADA Molenbeek-Saint-Jean | €522,237 | €113,184 | 17.3% | - |
| DKL CONSTRUCT Anderlecht | €560,211 | €100,374 | 35.9% | - |
| MASTER CONCEPT Anderlecht | €620,214 | €119,141 | 41.2% | - |
| Styxx Projects Izegem | €612,984 | €89,941 | 11.4% | 0.8 |
These companies have the same main activity as JOLY CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €522,000 and €620,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 14-03-2019Normal situation
- Registered office
- 308 active companies are registered at this address16 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Other specialised construction activitiesNACE 43990and 2 others
- Establishment unit
- 2.287.011.5601180 Uccle, since 01-04-2019
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2025
- ≈ €510,000estimated
- €574,631▼ 5.1%
- Filing
- Filed on 09-11-2025
Insights on JOLY CONSTRUCT
JOLY CONSTRUCT has existed since 2019. The gross margin grew from €19,184 in 2020 to €95,665 in 2025.
The gross margin has grown every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JOLY CONSTRUCT
- What is the company number of JOLY CONSTRUCT?
- The company number of JOLY CONSTRUCT is 0722.772.338. The VAT number is the same number with BE in front: BE 0722.772.338.
- Where is JOLY CONSTRUCT based?
- The registered office is at Alsembergsesteenweg 842, 1180 Uccle.Company details
- What does JOLY CONSTRUCT do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of JOLY CONSTRUCT?
- JOLY CONSTRUCT is a private limited company (BV).
- When was JOLY CONSTRUCT founded?
- JOLY CONSTRUCT was founded on 14-03-2019.
- Is JOLY CONSTRUCT still active?
- Yes, JOLY CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of JOLY CONSTRUCT?
- The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €95,665 and 90 comparable companies (NACE 43990). It probably lies between €340,000 and €950,000.Financials
- Is JOLY CONSTRUCT profitable?
- In financial year 2025, JOLY CONSTRUCT made a profit of €51,176.
- Where can I find the annual accounts of JOLY CONSTRUCT?
- JOLY CONSTRUCT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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