JRCE Construct
ActiveSummary
The computed 12-month bankruptcy probability of JRCE Construct is 4.1% (elevated). The 2024 annual accounts show equity of €28,939 and a net result of €639. Equity has been growing by about 35% per year since 2022. Its solvency ranks better than 60% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-04-2021 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 1 other
- Establishment unit
- 2.318.200.426 1081 Koekelberg, since 26-04-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.1%
- Gross margin
- €6,380
- ▼ 77.3%
- Turnover
- ≈ €87,000
- estimated
- Profit
- €639
- ▼ 96.6%
- Equity
- €28,939
- ▲ 2.3%
- Total assets
- €52,465
- ▲ 11.2%
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskLast filed accounts filed 161 days late; 3 of the last 3 accounts lateSize: total assets €52,465Figures for financial year 2024 (filed on 08-01-2026)lowers riskLegal form: general partnershipShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 60% of them on solvency, 33% on liquidity, 38% on profitability and 41% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 86 days after 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)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 08-01-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2024 is 92% lower than in 2023 and the lowest since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | €7,725 | €2,758 | - |
| Depreciation and write-downs of the year | €2,050 | €392 | €2,887 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,050 | €392 | €2,887 | ▲ 636% |
| Other operating charges640/8 | €733 | €1,821 | €1,390 | ▼ 23.7% |
| Gross operating margin9900 | €9,836 | €28,165 | €6,380 | ▼ 77.3% |
| Operating profit (loss)9901 | €7,053 | €25,952 | €2,103 | ▼ 91.9% |
| Financial income75/76B | €27 | - | €30 | - |
| Recurring financial income75 | €27 | - | €30 | - |
| Financial charges65/66B | €196 | €1,442 | €219 | ▼ 84.8% |
| Recurring financial charges65 | €196 | €1,442 | €219 | ▼ 84.8% |
| Profit (loss) for the period before taxes9903 | €6,884 | €24,510 | €1,914 | ▼ 92.2% |
| Income taxes67/77 | €1,553 | €5,541 | €1,275 | ▼ 77.0% |
| Profit (loss) for the period9904 | €5,331 | €18,969 | €639 | ▼ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €5,331 | €18,969 | €639 | ▼ 96.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €28,720 | €47,186 | €52,465 | ▲ 11.2% |
| Fixed assets21/28 | €5,674 | €8,040 | €5,153 | ▼ 35.9% |
| Tangible fixed assets22/27 | €5,674 | €8,040 | €5,153 | ▼ 35.9% |
| Furniture and vehicles24 | €5,674 | €8,040 | €5,153 | ▼ 35.9% |
| Current assets29/58 | €23,046 | €39,146 | €47,312 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €8,064 | €27,612 | €40,917 | ▲ 48.2% |
| Trade receivables40 | €5,920 | €27,612 | €39,849 | ▲ 44.3% |
| Other amounts receivable41 | €2,144 | - | €1,068 | - |
| Current investments50/53 | €14,982 | - | - | - |
| Cash at bank and in hand54/58 | - | €11,534 | €6,395 | ▼ 44.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €28,720 | €47,186 | €52,465 | ▲ 11.2% |
| Equity10/15 | €9,331 | €28,300 | €28,939 | ▲ 2.3% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Capital10 | €4,000 | - | - | - |
| Issued capital100 | €4,000 | - | - | - |
| Profit (loss) carried forward14 | €5,331 | €24,300 | €24,939 | ▲ 2.6% |
| Amounts payable17/49 | €19,389 | €18,886 | €23,526 | ▲ 24.6% |
| Amounts payable within one year42/48 | €19,389 | €18,886 | €23,526 | ▲ 24.6% |
| Trade debts44 | €6,177 | €10,223 | €14,268 | ▲ 39.6% |
| Suppliers440/4 | €6,177 | €10,223 | €14,268 | ▲ 39.6% |
| Taxes, remuneration and social security45 | €7,552 | €7,228 | €6,815 | ▼ 5.7% |
| Taxes450/3 | €1,552 | €7,228 | €6,815 | ▼ 5.7% |
| Remuneration and social security454/9 | €6,000 | - | - | - |
| Other amounts payable47/48 | €5,660 | €1,435 | €2,443 | ▲ 70.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,331 | €18,969 | €639 | ▼ 96.6% |
| + Depreciation and write-downs630 | €2,050 | €392 | €2,887 | ▲ 636% |
| Operating cash flow (approximation) | €7,381 | €19,361 | €3,526 | ▼ 81.8% |
| Investment in fixed assets (approximation) | - | -€2,758 | €0 | - |
| Change in cash | - | - | -€5,139 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,047 companies had the same profile as JRCE Construct has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JRCE Construct itself is higher: 4.1% within 12 months. It rests on far more data about JRCE Construct than the profile alone.
Test of the method
The method was tested on the 497,446 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 5,047 companies, not a prediction for JRCE 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.
Timeline
Acts, filings and financial milestones
19-07
Gazette deed
Registered office moved from Linkebeek to Koekelberg3 points ▸
- Other provision, “publicatiereferentie”, 24109531 (deed in Dutch)
- General meeting, 01-06-2024
- Registered-office move, Avenue du Panthéon 17-1081 Koekelberg
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Chaussée d'Alsemberg 34, 1630 Linkebeek until the act of 19-07-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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 0767.515.369
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21492B0098/00S006 | Brussels | 123 m² | 1 · 89 m² | 17.8 m · 5 |