JOSES CONSTRUCT
ActiveJOSES CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.89M and a net result of €620k. Equity is growing by ~105.4% per year across the filed fiscal years. Its solvency ranks better than 62% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-23
Solvency69▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.84 against 2.79 in 2024; short-term debt: 34.8% and cash: 33.4% of total assets), but 56% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44%
Return on assets
14.5%
Age of the figures
11 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 01-06-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
3 d early
2023
on the day
2022
6 d late
2021
26 d early
2020
14 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.03M
EBIT margin
7.2%
Net result
€620k▲ 2.8%
2024 · €603k
2018: €5k
2019: €314
2020: €13k
2021: €96k
2022: €35k
2023: €498k
2024: €603k
2018 → 2025
Working capital
€2.75M▲ 60.9%
2024 · €1.71M
2018: €21k
2019: €15k
2020: €29k
2021: €115k
2022: €149k
2023: €947k
2024: €1.71M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.03M
Equity€130k-€165k▲ 27.2%€663k▲ 302%€1.27M▲ 91.0%€1.89M▲ 49.0%
Operating result€131k-€46k▼ 64.9%€685k▲ 1,388%€848k▲ 23.8%€869k▲ 2.4%
Net result€96k-€35k▼ 63.1%€498k▲ 1,311%€603k▲ 21.2%€620k▲ 2.8%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.29M
Fixed assets
€48k▼ 15.1%
Current assets
€4.24M▲ 59.5%
Equity and liabilities €4.29M
Equity
€1.89M▲ 49.0%
Debt
€2.40M▲ 65.9%
The debt ratio rises from 53.3% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€871k▲
2024 · €851k
Cash flow
€623k▲
2024 · €606k
Solvency
44.0%▼
2024 · 46.7%
Current ratio
2.84▲
2024 · 2.79
Quick ratio
2.84▲
2024 · 2.79
Debt / equity
1.27▲
2024 · 1.14
ROE
32.9%▼
2024 · 47.7%
ROA
14.5%▼
2024 · 22.2%
Interest coverage
338.01▼
2024 · 963.70
Debt
€2.40M▲
2024 · €1.45M
Debt ≤ 1 year
€1.49M▲
2024 · €951k
Income taxes
€246k▲
2024 · €244k
Staff costs
€3.34M▼
2024 · €4.36M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.71M€4.29M▲
Fixed assets21/28€56k€48k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€52k€46k▼
Other financial fixed assets284/8-€46k
Amounts receivable and cash guarantees285/8-€46k
Current assets29/58€2.66M€4.24M▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€1.96M€2.81M▲
Trade receivables40€1.96M€2.76M▲
Other amounts receivable41€4k€46k▲
Cash at bank and in hand54/58€636k€1.43M▲
Deferred charges and accrued income490/1€61k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.71M€4.29M▲
Equity10/15€1.27M€1.89M▲
Contributions10/11€19k€19k=
Reserves13€146k€146k=
Distributable reserves133€146k€146k=
Profit (loss) carried forward14€1.10M€1.72M▲
Amounts payable17/49€1.45M€2.40M▲
Amounts payable within one year42/48€951k€1.49M▲
Financial debts43€15k€15k▼
Credit institutions430/8€15k€15k▼
Trade debts44€462k€1.07M▲
Suppliers440/4€462k€1.07M▲
Taxes, remuneration and social security45€211k€250k▲
Taxes450/3€26k€31k▲
Remuneration and social security454/9€185k€219k▲
Other amounts payable47/48€264k€154k▼
Accrued charges and deferred income492/3€497k€908k▲
Income statement
Code20242025
Operating income70/76A-€12.24M
Turnover70-€12.03M
Other operating income74-€209k
Operating charges60/66A-€11.37M
Goods for resale, raw materials and consumables60-€7.37M
Purchases600/8-€7.37M
Services and other goods61-€653k
Remuneration, social security and pensions62€4.36M€3.34M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€2k€9k▲
Non-recurring operating charges66A€500€625▲
Gross operating margin9900€5.21M-
Operating profit (loss)9901€848k€869k▲
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Other financial income752/9-€0
Financial charges65/66B€883€3k▲
Recurring financial charges65€883€3k▲
Debt charges650-€3k
Other financial charges652/9-€464
Profit (loss) for the period before taxes9903€847k€866k▲
Income taxes67/77€244k€246k▲
Taxes670/3-€248k
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€603k€620k▲
Profit (loss) for the period to be appropriated9905€603k€620k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.10M€1.72M▲
Profit (loss) brought forward from the previous period14P€498k€1.10M▲
Social balance
Average headcount (FTE)908773.955.2▼
The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 1 day late
2025
31-10
Financial
Highest result since 2018net €620k ▲2.8%
Operating result €869k, net result €620k, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-10
Financial
Equity above €1MEq €1.27M ▲91%
7 profitable years in a row build equity to €1.27M.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-10
Financial
Equity above €500kEq €663k ▲302%
6 profitable years in a row build equity to €663k.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 6 days late
2022
31-10
Financial
Equity above €150kEq €165k ▲27.2%
5 profitable years in a row build equity to €165k.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-10
Financial
Equity above €100kEq €130k ▲279%
4 profitable years in a row build equity to €130k.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-10
Financial
Weakest financial yearnet €314 ▼94.2%
Net result drops to €314, the lowest in the series; recovery starts the following year.
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Oostende · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Torhoutsesteenweg 4588400 OostendeGround area
1,314 m²
Building footprint
857 m²
Volume, LiDAR
11,687 m³
2 parcels, Flanders · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
JOSES CONSTRUCT
since 20142.253.191.917
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0436/00X007 | Flanders | 1,127 m² | 1 · 774 m² | 18.0 m · 4 fl. |
| 35383C0351/00A003indicative | Flanders | 187 m² | 1 · 83 m² | 23.7 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 4,215 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2014
Fiscal year end31-10
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
42130Civil engineering
43110Demolition
43120Site preparation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.