JRN-CONSTRUCT
ActiveSummary
JRN-CONSTRUCT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.96M and a net result of €91k. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 1034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-26
Solvency54▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.48 in 2024; short-term debt: 56% and cash: 8.6% of total assets), but 71.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
28.8%
Return on assets
1.3%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
27 d late
2023
71 d early
2022
17 d early
2021
31 d late
2020
135 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.96M▲ 4.9%
2024 · €1.87M
Total assets
€6.80M▲ 36.9%
2024 · €4.97M
Net result
€91k▼ 91.5%
2024 · €1.07M
Working capital
€2.21M▲ 62.8%
2024 · €1.36M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-111k€107k€1.15M▲ 973%€1.48M▲ 28.3%€204k▼ 86.2%
Net result€-137k€13k€810k▲ 5,964%€1.07M▲ 32.2%€91k▼ 91.5%
Equity€397k▼ 25.7%€410k▲ 3.4%€1.07M▲ 161%€1.87M▲ 74.3%€1.96M▲ 4.9%
Total assets€4.04M▲ 85.2%€4.20M▲ 3.9%€3.38M▼ 19.5%€4.97M▲ 47.0%€6.80M▲ 36.9%
Debt€3.64M▲ 121%€3.79M▲ 4.0%€2.31M▼ 39.1%€3.10M▲ 34.3%€4.84M▲ 56.1%
Working capital€-66k€-171k▼ 157%€863k€1.36M▲ 57.0%€2.21M▲ 62.8%
Staff (FTE)20▲ 35.1%20.4▲ 2.0%20.8▲ 2.0%26▲ 25.0%26=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.80M
Fixed assets
€784k ▼ 2.8%
Current assets
€6.02M ▲ 44.6%
Equity and liabilities €6.80M
Equity
€1.96M ▲ 4.9%
Debt
€4.84M ▲ 56.1%
Debt's share of the balance-sheet total rises from 62.5% to 71.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€411k▼
2024 · €1.68M
Cash flow
€298k▼
2024 · €1.28M
Current ratio
1.58▲
2024 · 1.48
Quick ratio
1.06▼
2024 · 1.22
Debt to equity
2.48▲
2024 · 1.66
ROE
4.7%▼
2024 · 57.4%
ROA
1.3%▼
2024 · 21.5%
Interest coverage
6.35▼
2024 · 23.57
Debt ≤ 1 year
€3.81M▲
2024 · €2.80M
Debt > 1 year
€25k▼
2024 · €44k
Income taxes
€60k▼
2024 · €385k
Staff costs
€2.02M▲
2024 · €1.81M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | €856 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €1.14M | €1.23M | €1.41M | €1.81M | €2.02M | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €131k | €160k | €208k | €207k | ▼ 0.5% |
| Other operating charges640/8 | €9k | €27k | €5k | €105k | €32k | ▼ 69.7% |
| Non-recurring operating charges66A | - | - | - | - | €7k | - |
| Gross operating margin9900 | €1.07M | €1.49M | €2.72M | €3.60M | €2.47M | ▼ 31.2% |
| Operating profit (loss)9901 | €-111k | €107k | €1.15M | €1.48M | €204k | ▼ 86.2% |
| Financial income75/76B | €90 | €3k | €43k | €50k | €12k | ▼ 76.5% |
| Recurring financial income75 | €90 | €3k | €43k | €50k | €12k | ▼ 76.5% |
| Financial charges65/66B | €25k | €95k | €109k | €71k | €65k | ▼ 9.3% |
| Recurring financial charges65 | €25k | €95k | €109k | €71k | €65k | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €-136k | €15k | €1.08M | €1.46M | €151k | ▼ 89.6% |
| Income taxes67/77 | €2k | €2k | €274k | €385k | €60k | ▼ 84.4% |
| Profit (loss) for the period9904 | €-137k | €13k | €810k | €1.07M | €91k | ▼ 91.5% |
| Profit (loss) for the period to be appropriated9905 | €-137k | €13k | €810k | €1.07M | €91k | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.04M | €4.20M | €3.38M | €4.97M | €6.80M | ▲ 36.9% |
| Fixed assets21/28 | €543k | €619k | €651k | €807k | €784k | ▼ 2.8% |
| Intangible fixed assets21 | €285k | €228k | €171k | €114k | €57k | ▼ 50.1% |
| Tangible fixed assets22/27 | €226k | €358k | €451k | €667k | €702k | ▲ 5.2% |
| Plant, machinery and equipment23 | €219k | €192k | €159k | €199k | €230k | ▲ 15.5% |
| Furniture and vehicles24 | €7k | €6k | €6k | €124k | €81k | ▼ 34.3% |
| Other tangible fixed assets26 | - | €161k | €286k | €344k | €391k | ▲ 13.4% |
| Financial fixed assets28 | €33k | €33k | €29k | €26k | €26k | = |
| Current assets29/58 | €3.50M | €3.58M | €2.73M | €4.16M | €6.02M | ▲ 44.6% |
| Amounts receivable after more than one year29 | - | €83k | €83k | €0 | - | - |
| Other amounts receivable291 | - | €83k | €83k | €0 | - | - |
| Stocks and contracts in progress3 | €1.12M | €754k | €526k | €731k | €1.99M | ▲ 172% |
| Stocks30/36 | €81k | €398k | €349k | €425k | €618k | ▲ 45.2% |
| Contracts in progress37 | €1.04M | €356k | €177k | €306k | €1.37M | ▲ 348% |
| Amounts receivable within one year40/41 | €2.16M | €1.94M | €1.87M | €2.97M | €3.32M | ▲ 11.6% |
| Trade receivables40 | €2.07M | €1.84M | €1.68M | €2.70M | €2.78M | ▲ 2.6% |
| Other amounts receivable41 | €88k | €98k | €188k | €270k | €544k | ▲ 102% |
| Cash at bank and in hand54/58 | €175k | €593k | €164k | €365k | €587k | ▲ 60.8% |
| Deferred charges and accrued income490/1 | €39k | €213k | €90k | €91k | €120k | ▲ 32.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.04M | €4.20M | €3.38M | €4.97M | €6.80M | ▲ 36.9% |
| Equity10/15 | €397k | €410k | €1.07M | €1.87M | €1.96M | ▲ 4.9% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €247k | €260k | €919k | €1.70M | €1.81M | ▲ 6.3% |
| Distributable reserves133 | €247k | €260k | €919k | €1.70M | €1.81M | ▲ 6.3% |
| Profit (loss) carried forward14 | €123 | €473 | €980 | €15k | €67 | ▼ 99.6% |
| Amounts payable17/49 | €3.64M | €3.79M | €2.31M | €3.10M | €4.84M | ▲ 56.1% |
| Amounts payable after more than one year17 | €78k | €38k | €0 | €44k | €25k | ▼ 43.2% |
| Financial debts170/4 | €78k | €38k | €0 | €44k | €25k | ▼ 43.2% |
| Amounts payable within one year42/48 | €3.57M | €3.75M | €1.87M | €2.80M | €3.81M | ▲ 35.8% |
| Current portion of amounts payable after more than one year42 | €63k | €409k | €38k | €18k | €19k | ▲ 4.6% |
| Financial debts43 | - | €1.37M | €146k | €63k | €1.08M | ▲ 1,610% |
| Credit institutions430/8 | - | €1.37M | €146k | €63k | €1.08M | ▲ 1,610% |
| Trade debts44 | €3.37M | €1.82M | €1.26M | €2.15M | €2.40M | ▲ 11.5% |
| Suppliers440/4 | €3.37M | €1.82M | €1.26M | €2.15M | €2.40M | ▲ 11.5% |
| Taxes, remuneration and social security45 | €133k | €146k | €268k | €297k | €306k | ▲ 3.1% |
| Taxes450/3 | €40k | €3k | €101k | €85k | €86k | ▲ 1.3% |
| Remuneration and social security454/9 | €93k | €143k | €167k | €212k | €220k | ▲ 3.8% |
| Other amounts payable47/48 | €0 | - | €150k | €275k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1k | €0 | €444k | €254k | €1.01M | ▲ 298% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-137k | €13k | €810k | €1.07M | €91k | ▼ 91.5% |
| + Depreciation and write-downs630 | €35k | €131k | €160k | €208k | €207k | ▼ 0.5% |
| Operating cash flow (approximation) | €-102k | €144k | €969k | €1.28M | €298k | ▼ 76.7% |
| Investment in fixed assets (approximation) | - | €-207k | €-191k | €-364k | €-185k | ▲ 49.4% |
| Change in cash | - | €418k | €-429k | €201k | €222k | ▲ 10.2% |
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
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Highest result since 2020net €1.07M ▲32.2%
Operating result €1.48M, net result €1.07M, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.07M ▲161%
2 profitable years in a row build equity to €1.07M.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lokeren · 1 establishment unit since 2019
Ground area
8,052 m²
Building footprint
2,669 m²
Volume, LiDAR
5 m³
Parcel 46382B1743/00A000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
JRN-CONSTRUCT
since 20192.293.676.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1743/00A000 | Flanders | 8,052 m² | 1 · 2,669 m² | 0.2 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2024 · 1 entry · 2,058 EUR awarded · 2,058 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,058 EUR | 2,058 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Pijplasser (vwo)
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Of 200 companies in sector 25220 we hold annual accounts for 175. 133 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
Founded20-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25220Manufacture of fabricated metal products, except machinery and equipment
42219Civil engineering
43990Other specialised construction activities
68203Renting and operating of own or leased non-residential real estate, excluding land
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.