JOVA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of JOVA CONSTRUCT is 3.1% (moderate). The 2024 annual accounts show equity of €133,916 and a net result of €49,201. Equity is growing by ~57% per year across the filed fiscal years. Its solvency ranks better than 28% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+14
Solvency52▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.2 in 2023; short-term debt: 20.8% and cash: 9.9% of total assets), and 73.2% of the assets are financed with debt.
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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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
40 d early
2022
39 d early
2021
41 d early
← 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 38 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€133,916▲ 58.1%
2023 · €84,716
Total assets
€500,225▲ 26.7%
2023 · €394,820
Net result
€49,201▲ 202%
2023 · €16,304
Working capital
-€1,609
2023 · €19,086
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€38,417-€52,637▲ 37.0%€23,617▼ 55.1%€75,011▲ 218%
Net result€29,458above the sector's middle half-€33,941above the sector's middle half▲ 15.2%€16,304within the sector's middle half▼ 52.0%€49,201above the sector's middle half▲ 202%
Equity€34,470within the sector's middle half-€68,412within the sector's middle half▲ 98.5%€84,716within the sector's middle half▲ 23.8%€133,916within the sector's middle half▲ 58.1%
Total assets€69,705within the sector's middle half-€174,199within the sector's middle half▲ 150%€394,820above the sector's middle half▲ 127%€500,225above the sector's middle half▲ 26.7%
Debt€35,234-€105,787▲ 200%€310,104▲ 193%€366,308▲ 18.1%
Working capital€21,609within the sector's middle half-€30,917within the sector's middle half▲ 43.1%€19,086within the sector's middle half▼ 38.3%-€1,609below the sector's middle half
Solvency49.5%within the sector's middle half-39.3%within the sector's middle half▼ 10.2pp21.5%below the sector's middle half▼ 17.8pp26.8%within the sector's middle half▲ 5.3pp
Current ratio1.75within the sector's middle half-1.38within the sector's middle half▼ 0.371.20within the sector's middle half▼ 0.180.98below the sector's middle half▼ 0.22
Return on assets (ROA)42.3%above the sector's middle half-19.5%above the sector's middle half▼ 22.8pp4.1%within the sector's middle half▼ 15.4pp9.8%within the sector's middle half▲ 5.7pp
Staff (FTE)1.2-3.7▲ 208%5.3▲ 43.2%5.9▲ 11.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 218% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €500,225
Fixed assets
€397,876 ▲ 41.5%
Current assets
€102,348 ▼ 9.9%
Equity and liabilities €500,225
Equity
€133,916 ▲ 58.1%
Debt
€366,308 ▲ 18.1%
Debt's share of the balance-sheet total falls from 78.5% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109,342▲
2023 · €46,999
Cash flow
€83,532▲
2023 · €39,687
Quick ratio
0.82▲
2023 · 0.77
Debt to equity
2.74▼
2023 · 3.66
ROE
36.7%▲
2023 · 19.2%
Interest coverage
8.02▲
2023 · 5.19
Debt ≤ 1 year
€103,958▲
2023 · €94,472
Debt > 1 year
€262,351▲
2023 · €215,632
Income taxes
€17,500▲
2023 · €1,244
Staff costs
€346,634▲
2023 · €271,887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €500 | - |
| Remuneration, social security and pensions62 | €90,661 | €168,798 | €271,887 | €346,634 | ▲ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,036 | €9,356 | €23,383 | €34,331 | ▲ 46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,466 | - |
| Other operating charges640/8 | €1,123 | €3,008 | €3,815 | €5,442 | ▲ 42.6% |
| Non-recurring operating charges66A | - | - | €2,998 | - | - |
| Gross operating margin9900 | €136,238 | €233,798 | €325,699 | €466,883 | ▲ 43.3% |
| Operating profit (loss)9901 | €38,417 | €52,637 | €23,617 | €75,011 | ▲ 218% |
| Financial income75/76B | €988 | €1,393 | €2,978 | €5,325 | ▲ 78.8% |
| Recurring financial income75 | €988 | €1,393 | €2,978 | €5,325 | ▲ 78.8% |
| Financial charges65/66B | €2,243 | €3,089 | €9,047 | €13,636 | ▲ 50.7% |
| Recurring financial charges65 | €2,243 | €3,089 | €9,047 | €13,636 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | €37,162 | €50,941 | €17,548 | €66,701 | ▲ 280% |
| Income taxes67/77 | €7,704 | €17,000 | €1,244 | €17,500 | ▲ 1,307% |
| Profit (loss) for the period9904 | €29,458 | €33,941 | €16,304 | €49,201 | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €29,458 | €33,941 | €16,304 | €49,201 | ▲ 202% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €69,705 | €174,199 | €394,820 | €500,225 | ▲ 26.7% |
| Fixed assets21/28 | €19,126 | €61,630 | €281,262 | €397,876 | ▲ 41.5% |
| Tangible fixed assets22/27 | €19,126 | €61,630 | €281,262 | €397,513 | ▲ 41.3% |
| Land and buildings22 | - | - | €215,319 | €277,536 | ▲ 28.9% |
| Plant, machinery and equipment23 | €12,502 | €45,303 | €38,156 | €29,510 | ▼ 22.7% |
| Furniture and vehicles24 | €6,624 | €16,327 | €27,788 | €90,467 | ▲ 226% |
| Financial fixed assets28 | - | - | - | €363 | - |
| Current assets29/58 | €50,579 | €112,569 | €113,557 | €102,348 | ▼ 9.9% |
| Stocks and contracts in progress3 | - | €18,246 | €40,524 | €17,154 | ▼ 57.7% |
| Stocks30/36 | - | €18,246 | €40,524 | €17,154 | ▼ 57.7% |
| Amounts receivable within one year40/41 | €19,890 | €5,588 | €22,248 | €25,372 | ▲ 14.0% |
| Trade receivables40 | €18,917 | €5,588 | €22,248 | €23,189 | ▲ 4.2% |
| Other amounts receivable41 | €973 | - | - | €2,183 | - |
| Cash at bank and in hand54/58 | €23,383 | €82,996 | €42,624 | €49,297 | ▲ 15.7% |
| Deferred charges and accrued income490/1 | €7,306 | €5,738 | €8,160 | €10,525 | ▲ 29.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €69,705 | €174,199 | €394,820 | €500,225 | ▲ 26.7% |
| Equity10/15 | €34,470 | €68,412 | €84,716 | €133,916 | ▲ 58.1% |
| Contributions10/11 | €5,013 | €5,013 | €5,013 | €5,013 | = |
| Reserves13 | €29,458 | €63,399 | €63,399 | €63,399 | = |
| Distributable reserves133 | €29,458 | €63,399 | €63,399 | €63,399 | = |
| Profit (loss) carried forward14 | - | - | €16,304 | €65,505 | ▲ 302% |
| Amounts payable17/49 | €35,234 | €105,787 | €310,104 | €366,308 | ▲ 18.1% |
| Amounts payable after more than one year17 | €6,264 | €23,815 | €215,632 | €262,351 | ▲ 21.7% |
| Financial debts170/4 | €6,264 | €23,815 | €215,632 | €262,351 | ▲ 21.7% |
| Amounts payable within one year42/48 | €28,970 | €81,651 | €94,472 | €103,958 | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | €6,679 | €17,449 | €18,689 | €25,751 | ▲ 37.8% |
| Trade debts44 | €7,499 | €33,764 | €35,290 | €50,359 | ▲ 42.7% |
| Suppliers440/4 | €7,499 | €33,764 | €35,290 | €50,359 | ▲ 42.7% |
| Taxes, remuneration and social security45 | €11,755 | €19,105 | €5,860 | €27,407 | ▲ 368% |
| Taxes450/3 | €11,469 | €19,105 | €5,860 | €27,407 | ▲ 368% |
| Remuneration and social security454/9 | €286 | - | - | - | - |
| Other amounts payable47/48 | €3,038 | €11,333 | €34,633 | €441 | ▼ 98.7% |
| Accrued charges and deferred income492/3 | - | €321 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,458 | €33,941 | €16,304 | €49,201 | ▲ 202% |
| + Depreciation and write-downs630 | €6,036 | €9,356 | €23,383 | €34,331 | ▲ 46.8% |
| Operating cash flow (approximation) | €35,494 | €43,297 | €39,687 | €83,532 | ▲ 110% |
| Investment in fixed assets (approximation) | - | -€51,861 | -€243,015 | -€150,945 | ▲ 37.9% |
| Change in cash | - | €59,613 | -€40,371 | €6,673 | ▲ 117% |
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
2026
18-09
State Gazette act
General meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
2 facts ▸
- General meeting, 13-08-2026
- Registered-office move, Berkenenstraat 13 te 3520 Zonhoven
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €49,201 ▲202%
Operating result €75,011, net result €49,201, both a record.
31-12
Financial
Equity above €100,000Eq €133,916 ▲58.1%
4 profitable years in a row build equity to €133,916.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €16,304 ▼52%
Net result drops to €16,304, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zonhoven · 2 establishment units since 2024
Ground area
4,860 m²
Building footprint
747 m²
Volume, LiDAR
178 m³
2 parcels, Flanders · tallest building 4.8 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Jova Construct
since 20242.365.373.803
Jova Construct
since 20262.392.445.216
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443E1130/00A000 | Flanders | 3,946 m² | 1 · 614 m² | 4.8 m |
| 71442C0103/00K000 | Flanders | 914 m² | 1 · 133 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 179 EUR awarded · 179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 179 EUR | 179 EUR |
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,469 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
Founded26-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43350Other building finishing work
Contact
Website
www.jovaconstruct.be
E-mail
info@jovaconstruct.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749450803
Also
9925:BE0749450803
Registered
29-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.