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JORGE CONSTRUCT

Active
Private limited companyfounded 2021active for 4 yearsPostweg 115, 1602 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0776.984.648
Summary

The annual accounts of JORGE CONSTRUCT for financial year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €21,006 and a net result of -€23,848. Equity is shrinking by about 13% per year across the filed financial years. The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Development of non-residential building projects
NACE 68122Plastering work NACE 43310
1 site
Size
€80,286total assets 2025
Equity
€21,006
Loss
-€23,848
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts 18 days early1 of 2 deeds read
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €23,848 (financial year 2025)Liquidity: current ratio 0.97, cash €5,542lowers riskSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 13-07-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 68, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 51-49
equity 26.2% of total assets
Liquidity 19-37
short-term debt 73.8% · cash 6.9%
Profitability 0-100
return on assets -29.7%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,604 companies, NACE 68, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.4%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 0.9%▲ +0.5 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 0.9%▼ -0.1 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -0.7 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.97, compared with 8.02 in 2024, below 1; short-term debt: 73.8% and cash: 6.9% of total assets), and 73.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 46% on solvency, 15% on liquidity, 4% on profitability and 11% on growth.

The bankruptcy probability was computed on 21-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Figures for financial year 2025 (filed 13-07-2026)
NBB · annual accounts
raises risk · Loss of €23,848 (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.97, cash €5,542
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
18 days early
2024
18 days late
2023
28 days late
2022
31 days 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 15 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€23,848
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
€21,006▼ 53.2%
2024 · €44,854
Total assets
€80,286▲ 63.4%
2024 · €49,132
Net result
-€23,848
2024 · €18,473
Working capital
-€1,674
2024 · €30,036
Trend over the years

2022 to 2025, 4 financial years

The operating result turns negative in 2025: a loss of €21,552 after €24,117 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€21,552 2025 Net result-€23,848 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€40,593--€7,104€24,117-€21,552
Net result€32,159--€8,878€18,473-€23,848
Equity€35,259-€26,381▼ 25.2%€44,854▲ 70.0%€21,006▼ 53.2%
Total assets€49,503-€50,293▲ 1.6%€49,132▼ 2.3%€80,286▲ 63.4%
Debt€14,245-€23,912▲ 67.9%€4,277▼ 82.1%€59,280▲ 1,286%
Working capital€26,719-€20,812▼ 22.1%€30,036▲ 44.3%-€1,674
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,286
Fixed assets €22,680 ▲ 53.1%
Current assets €57,606 ▲ 67.9%
Equity and liabilities €80,286
Equity €21,006 ▼ 53.2%
Debt €59,280 ▲ 1,286%
Debt's share of the balance-sheet total rises from 8.7% to 73.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€18,048▼
2024 · €26,090
Cash flow
-€20,344▼
2024 · €20,446
Current ratio
0.97▼
2024 · 8.02
Debt to equity
2.82▲
2024 · 0.10
ROE
-113.5%▼
2024 · 41.2%
ROA
-29.7%▼
2024 · 37.6%
Interest coverage
-12.96▼
2024 · 12.29
Debt ≤ 1 year
€59,280▲
2024 · €4,277
Income taxes
€1,200▼
2024 · €3,686
Staff costs
€3,127▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€49,132€80,286▲
Fixed assets21/28€14,819€22,680▲
Tangible fixed assets22/27€14,819€22,680▲
Plant, machinery and equipment23€156€0▼
Furniture and vehicles24€14,663€11,440▼
Leasing and similar rights25-€11,240
Current assets29/58€34,313€57,606▲
Stocks and contracts in progress3€6,580€0▼
Stocks30/36€6,580€0▼
Amounts receivable within one year40/41€25,156€48,744▲
Trade receivables40€11,888€34,459▲
Other amounts receivable41€13,268€14,285▲
Cash at bank and in hand54/58€2,548€5,542▲
Deferred charges and accrued income490/1€29€3,320▲
Equity and liabilities
Total equity and liabilities10/49€49,132€80,286▲
Equity10/15€44,854€21,006▼
Contributions10/11€3,100€3,100=
Profit (loss) carried forward14€41,754€17,906▼
Amounts payable17/49€4,277€59,280▲
Amounts payable within one year42/48€4,277€59,280▲
Trade debts44€591€52,473▲
Suppliers440/4€591€52,473▲
Advances received on contracts in progress46€0€1,000▲
Taxes, remuneration and social security45€3,686€5,807▲
Taxes450/3€3,686€3,733▲
Remuneration and social security454/9€0€2,074▲
Income statement Code20242025
Remuneration, social security and pensions62€0€3,127▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,973€3,504▲
Other operating charges640/8€977€1,026▲
Non-recurring operating charges66A€2,414€3,136▲
Gross operating margin9900€29,481-€10,760▼
Operating profit (loss)9901€24,117-€21,552▼
Financial income75/76B€166€296▲
Recurring financial income75€166€296▲
Financial charges65/66B€2,124€1,392▼
Recurring financial charges65€2,124€1,392▼
Profit (loss) for the period before taxes9903€22,160-€22,648▼
Income taxes67/77€3,686€1,200▼
Profit (loss) for the period9904€18,473-€23,848▼
Profit (loss) for the period to be appropriated9905€18,473-€23,848▼
Appropriation of the result
Profit (loss) to be appropriated9906€41,754€17,906▼
Profit (loss) brought forward from the previous period14P€23,281€41,754▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€1,808€16,377€0€3,127-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€371€2,970€1,973€3,504▲ 77.6%
Other operating charges640/8€2,412€1,288€977€1,026▲ 5.0%
Non-recurring operating charges66A--€2,414€3,136▲ 29.9%
Gross operating margin9900€45,184€13,530€29,481-€10,760-
Operating profit (loss)9901€40,593-€7,104€24,117-€21,552-
Financial income75/76B€0€22€166€296▲ 78.4%
Recurring financial income75€0€22€166€296▲ 78.4%
Financial charges65/66B€310€1,795€2,124€1,392▼ 34.4%
Recurring financial charges65€310€1,795€2,124€1,392▼ 34.4%
Profit (loss) for the period before taxes9903€40,283-€8,878€22,160-€22,648-
Income taxes67/77€8,125€0€3,686€1,200▼ 67.4%
Profit (loss) for the period9904€32,159-€8,878€18,473-€23,848-
Profit (loss) for the period to be appropriated9905€32,159-€8,878€18,473-€23,848-
Line2022202320242025Change
Assets
Total assets20/58€49,503€50,293€49,132€80,286▲ 63.4%
Fixed assets21/28€8,539€5,569€14,819€22,680▲ 53.1%
Tangible fixed assets22/27€8,539€5,569€14,819€22,680▲ 53.1%
Plant, machinery and equipment23€1,196€676€156€0▼ 100%
Furniture and vehicles24€7,343€4,893€14,663€11,440▼ 22.0%
Leasing and similar rights25---€11,240-
Current assets29/58€40,964€44,724€34,313€57,606▲ 67.9%
Stocks and contracts in progress3--€6,580€0▼ 100%
Stocks30/36--€6,580€0▼ 100%
Amounts receivable within one year40/41€8,405€20,625€25,156€48,744▲ 93.8%
Trade receivables40€187€1,333€11,888€34,459▲ 190%
Other amounts receivable41€8,218€19,292€13,268€14,285▲ 7.7%
Cash at bank and in hand54/58€32,253€23,399€2,548€5,542▲ 117%
Deferred charges and accrued income490/1€307€700€29€3,320▲ 11,301%
Equity and liabilities
Total equity and liabilities10/49€49,503€50,293€49,132€80,286▲ 63.4%
Equity10/15€35,259€26,381€44,854€21,006▼ 53.2%
Contributions10/11€3,100€3,100€3,100€3,100=
Profit (loss) carried forward14€32,159€23,281€41,754€17,906▼ 57.1%
Amounts payable17/49€14,245€23,912€4,277€59,280▲ 1,286%
Amounts payable within one year42/48€14,245€23,912€4,277€59,280▲ 1,286%
Trade debts44€1,022€3,054€591€52,473▲ 8,778%
Suppliers440/4€1,022€3,054€591€52,473▲ 8,778%
Advances received on contracts in progress46-€11,978€0€1,000-
Taxes, remuneration and social security45€13,223€8,881€3,686€5,807▲ 57.5%
Taxes450/3€12,568€8,125€3,686€3,733▲ 1.3%
Remuneration and social security454/9€655€756€0€2,074-
Line2022202320242025Change
Profit (loss) for the period9904€32,159-€8,878€18,473-€23,848-
+ Depreciation and write-downs630€371€2,970€1,973€3,504▲ 77.6%
Operating cash flow (approximation)€32,529-€5,908€20,446-€20,344-
Investment in fixed assets (approximation)-€0-€11,222-€11,365▼ 1.3%
Change in cash--€8,854-€20,850€2,994-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 micro format 13-07-2026 2026-00284645
31-12-2024 micro format 18-08-2025 2025-00379433
31-12-2023 micro format 28-08-2024 2024-00383440
31-12-2022 micro format 31-08-2023 2023-00385299

Similar companies · same sector, comparable size

Of the 1,272 active companies whose main activity is development of non-residential building projects (NACE 68122), figures are known for 901. 360 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

JORGE CONSTRUCT was incorporated on 9 November 2021 as a private limited company.1 The registered office was moved to Vlezenbeek in 2024.2 Total assets rose from €49,503 in 2022 to €80,286 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-08-2024
  3. 3National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial Weakest financial yearnet -€23,848
Net result drops to -€23,848, the lowest in the series.
18-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 18 days late
2024
31-12
Financial Back to profitnet €18,473
Net result €18,473 after one loss-making year.
31-12
Financial Liquidity more than quadruplescurrent ratio 8.02
Current ratio from 1.87 to 8.02; short-term debt falls from €23,912 to €4,277.
28-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 28 days late
02-08
Gazette deed Registered office
Registered-office move · Director in office3 facts ▸
  • General meeting, 19-07-2024
  • Registered-office move, Postweg 115 - 1602 Vlezenbeek
  • Director in office, Castillo Cueva Jorge Jhovanny (director)
2023
31-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded09-11-2021
Financial year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0776984648
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 22 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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, with enterprise number 0776.984.648

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
1,254 m²
Building footprint
298 m²
Building volume
3,687 m³
2 parcels, Brussels, Flanders · tallest building 20.3 m. Linked by address, not a title deed.
1 establishment unit
JORGE CONSTRUCT
Van Volxemlaan 413, 1190 VorstRepair and maintenance of electrical equipment
since 2021unit no. 2.324.289.551
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
23089D0149/00N000 Flanders 977 m² 1 · 113 m² 10.0 m · 2
21007A0017/00R008 Brussels 277 m² 1 · 185 m² 20.3 m · 6
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

Other provisionsOther rules from the articles that fall under none of the themes above.
1 more provision in the deed, see the deed of 02-08-2024

Read from the deeds: 1 provision, deed of 02-08-2024