Equity
JOLY CONSTRUCT paid out €44,286 in dividends. That is 87% of the 2025 profit.
JOLY CONSTRUCT paid out €44,286 in dividends. That is 87% of the 2025 profit.
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).
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).
In July 2024, 2,684 companies had the same profile as JOLY CONSTRUCT has now. Each dot stands for 7 companies, two years later.
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.
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.
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.
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 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.
| 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.
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.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €510,000. Estimated: probably between €340,000 and €950,000.
Higher than 28% of 2,463 companies in 2025.
Higher than 34% of 2,436 companies in 2025.
Higher than 68% of 2,454 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
574,631 | 605,280 | 405,188 | 295,744 | 324,923 | 205,268 | |
21/28 |
19,775 | 18,292 | 7,862 | 7,854 | 6,517 | 1,820 | |
22/27 |
19,603 | 18,120 | 7,797 | 7,789 | 6,452 | 1,820 | |
23 |
5,099 | 4,780 | 6,043 | 4,121 | 871 | 1,820 | |
24 |
14,504 | 13,340 | 1,754 | 3,668 | 5,581 | - | |
28 |
172 | 172 | 65 | 65 | 65 | - | |
29/58 |
554,856 | 586,988 | 397,326 | 287,890 | 318,406 | 203,448 | |
3 |
- | - | - | - | - | 65,439 | |
37 |
- | - | - | - | - | 65,439 | |
40/41 |
269,115 | 403,252 | 259,790 | 232,766 | 180,467 | 74,717 | |
40 |
257,335 | 393,307 | 242,142 | 197,226 | 166,744 | 74,717 | |
41 |
11,780 | 9,945 | 17,648 | 35,540 | 13,723 | - | |
54/58 |
284,808 | 180,954 | 136,317 | 52,736 | 136,592 | 62,310 | |
490/1 |
933 | 2,782 | 1,219 | 2,388 | 1,347 | 982 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
574,631 | 605,280 | 405,188 | 295,744 | 324,923 | 205,268 | |
10/15 |
148,864 | 141,974 | 132,930 | 88,510 | 49,974 | 22,058 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | 8,600 | |
11 |
- | - | - | 10,000 | 10,000 | - | |
1109/19 |
- | - | - | 10,000 | 10,000 | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
14 |
137,004 | 130,114 | 121,070 | 76,650 | 38,114 | 10,198 | |
17/49 |
425,767 | 463,306 | 272,258 | 207,234 | 274,949 | 183,210 | |
42/48 |
425,767 | 463,292 | 272,258 | 207,234 | 274,949 | 183,210 | |
44 |
263,637 | 290,986 | 130,729 | 108,180 | 171,955 | 25,817 | |
440/4 |
263,637 | 290,986 | 130,729 | 108,180 | 171,955 | 25,817 | |
46 |
97,157 | 133,419 | 125,481 | 86,185 | 86,157 | 151,975 | |
45 |
33,973 | 38,887 | 16,048 | 12,869 | 8,621 | 5,065 | |
450/3 |
33,973 | 33,887 | 16,048 | 12,869 | 8,621 | 5,065 | |
454/9 |
- | 5,000 | - | - | - | - | |
47/48 |
31,000 | - | - | - | 8,216 | 353 | |
492/3 |
- | 14 | - | - | - | - | |
| Income statement | |||||||
9900 |
95,665 | 82,714 | 66,763 | 56,157 | 75,249 | 19,184 | |
630 |
9,392 | 8,941 | 3,911 | 3,553 | 1,109 | 1,029 | |
631/4 |
- | -37,168 | - | - | 37,168 | - | |
640/8 |
11,962 | 38,589 | 1,364 | 1,081 | 383 | 999 | |
9901 |
74,311 | 72,352 | 61,488 | 51,523 | 36,589 | 17,156 | |
75/76B |
116 | 209 | 420 | 0 | - | 3 | |
75 |
116 | 209 | 420 | 0 | - | 3 | |
65/66B |
2,437 | 87 | 1,440 | 80 | 52 | 36 | |
65 |
2,437 | 87 | 1,440 | 80 | 52 | 36 | |
9903 |
71,990 | 72,474 | 60,468 | 51,443 | 36,537 | 17,123 | |
67/77 |
20,814 | 18,430 | 16,048 | 12,907 | 8,621 | 5,065 | |
9904 |
51,176 | 54,044 | 44,420 | 38,536 | 27,916 | 12,058 | |
9905 |
51,176 | 54,044 | 44,420 | 38,536 | 27,916 | 12,058 | |
| Appropriation of the result | |||||||
9906 |
181,290 | 175,114 | 121,070 | 76,650 | 38,114 | 12,058 | |
14P |
130,114 | 121,070 | 76,650 | 38,114 | - | - | |
691/2 |
- | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | 1,860 | |
694/7 |
44,286 | 45,000 | - | - | - | - | |
694 |
44,286 | 45,000 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-11-2025.
2025 annual accounts filed 9 days after the deadline. Filed on 9 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00564612.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | full format | 09-11-2025 | 2025-00564612 | |
| 31-03-2024 | full format | 30-10-2024 | 2024-00519227 | |
| 31-03-2023 | micro format | 29-10-2023 | 2023-00498043 | |
| 31-03-2022 | micro format | 22-09-2022 | 2022-20433257 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76300447 | |
| 31-03-2020 | micro format | 05-11-2020 | 2020-68900044 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 83,703 | 81,293 | 65,399 | 55,076 | 37,698 | 18,185 | ||
| 60,568 | 62,985 | 48,331 | 42,089 | 29,025 | 13,087 | ||
| 10,875 | 19,371 | 3,919 | 4,890 | 5,806 | 2,849 | ||
| 103,854 | 44,637 | 83,581 | -83,856 | 74,282 | - | ||
| 129,089 | 123,696 | 125,068 | 80,656 | 43,457 | 20,238 | ||
| 25.9% | 23.5% | 32.8% | 29.9% | 15.4% | 10.7% | ||
| 1.30 | 1.27 | 1.46 | 1.39 | 1.16 | 1.11 | ||
| 1.30 | 1.27 | 1.46 | 1.39 | 1.16 | 0.75 | ||
| 2.86 | 3.26 | 2.05 | 2.34 | 5.50 | 8.31 | ||
| 34.4% | 38.1% | 33.4% | 43.5% | 55.9% | 54.7% | ||
| 8.9% | 8.9% | 11.0% | 13.0% | 8.6% | 5.9% | ||
| 34.35 | over 100 | 45.42 | over 100 | - | - |
EBIT margin: not included in this filing.
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 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €10,875 | €19,264 | €3,919 | €4,890 |
| Financial fixed assets | - | €107 | - | - |
| €9,392 | €8,941 | €3,911 | €3,553 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3% higher than in 2024 and the highest since 2020. It is the fifth rise in a row.
Debt's share of the balance-sheet total falls from 76.5% to 74.1%. Equity is higher and debt is lower.
JOLY CONSTRUCT has no parent and no holdings in its annual accounts. JOLY CONSTRUCT shares no director with another company.
| SENIOR ASSIST
registered office since 12-09-2005 · founded in 2005 · accounts filed late |
total assets €52.2m (2024) 0875.416.783 |
| FINASO
registered office since 31-08-1998 · founded in 1998 |
total assets €16.5m (2025) 0464.057.995 |
| Xanlite Group
establishment since 01-01-2013 · founded in 2012 |
total assets €14.3m (2025) 0501.907.001 |
| EXL
registered office since 22-05-2002 · founded in 2002 · negative equity (2025) |
total assets €13.6m (2025) 0476.978.890 |
| CORNERS PROPERTIES
registered office since 17-03-2022 · founded in 2022 |
total assets €8.6m (2025) 0783.541.254 |
| Woon en Zorg VG Lovendegem
registered office since 04-05-2017 · founded in 2017 · negative equity (2024) · group SENIOR ASSIST · accounts filed late |
total assets €8.4m (2024) 0675.431.784 |
| La Tramontane
registered office since 27-03-1986 · founded in 1986 · negative equity (2024) · group SENIOR ASSIST · accounts filed late |
total assets €5.3m (2024) 0428.695.755 |
| FINANCIERE VENDOME
registered office since 02-03-2006 · founded in 2006 · negative equity (2025) |
total assets €4.3m (2025) 0879.702.896 |
| AQUARIUS
registered office since 23-05-1986 · founded in 1986 · negative equity (2025) |
total assets €3.9m (2025) 0429.022.882 |
| SMART Cleaning
registered office since 28-10-2013 · founded in 2013 |
37 FTE (2025) 0541.472.707 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
“L’activité d’entrepreneur en maçonnerie,béton,plafonneur-cimentier,carreleur,en ce compris le placement de vitres,vitrages,serres,vérandas,vitrines,miroirs,charpentes,menuiserie métalliques,plastiques et bois,toitures,ainsi que tout travaux de bâtiment,de terrassements,pose de chapes,montage de cloisons sèche à base de plâtre,tout travaux d’étanchéité d’immeubles,travaux d’isolation acoustique,thermique et antivibratoire,travaux de démolition,peintures industrielles,pose de papiers peints,de revêtements de sols en bois ou autres matières,installation de système de chauffage,de climatisation et de ventilations,plomberie,installations sanitaires,zinguerie,installations électriques en tous genres,pose de clinkers et travaux de jardinage,la création et l’entretien de jardins,de parcs et d’espaces verts pour installations sportives et autres,la construction de cheminées décoratives et de feux ouverts,l’activité d’une entreprise de lavage de vitres,de nettoyage et de désinfection de maison et locaux,meubles d’ameublement et objets divers,de ramonage de cheminée,en ce compris la fabrication et le garnissage de meubles,les travaux d’égouts,l’installation d’échafaudages,le rejointoyage et le nettoyage de façade,la ferronnerie,la pose de câbles et de canalisations divers,l’installation de stands pour foires et expositions,la création d’étalages et de décors,la décoration et l’aménagement intérieur,et plus particulièrement de magasins et de bureaux.De manière générale,l’entreprise générale du bâtiment,tous travaux,ayant pour objet la construction,l’achèvement,la finition,la rénovation et la démolition de tous immeubles,ainsi que la serrurerie.”
| Establishment | Since | Unit number |
|---|---|---|
| Alsembergsesteenweg 842 registered office 1180 Uccle 2511001 Manufacture of metal structures and parts of structures | 01-04-2019 | 2.287.011.560 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21614E0126/00A002 | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0722.772.338
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