Result
The result fell in 2025 from €1.1m to €91,230.
The result fell in 2025 from €1.1m to €91,230.
The abbreviated format states no turnover.
Debts rose by €1.7m in 2025.
In 2025, 8 people joined and 9 left.
The 2021 accounts came latest: 31 days after the end of the period.
More equity than 87% of companies in fabricated metal products. Sector median €440,856 · 1,245 companies.
The dashed line is the sector median: 0.3% across 749 companies (NACE 25, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 25, small). It does better than 30% of them on solvency, 27% on liquidity, 47% on profitability and 51% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 2,372 companies had the same profile as JRN-CONSTRUCT has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JRN-CONSTRUCT itself: 0.6% within 12 months.
The method was tested on the 497,448 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 2,372 companies, not a prediction for JRN-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.
Liquidity is ample, with a current ratio of 1.58 (1.48 in 2024), above the usual 1.5. Short-term debt is 56% and cash 8.6% of total assets. However, 71.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 29 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| JRN-CONSTRUCT Lokeren | - | - | 28.8% | 26 |
| POMMEE Herstal | - | - | 58.4% | 13.9 |
| VERCA PROCESTECHNIEK Moorslede | €18.8m | 15.1% | 59.3% | 38.6 |
| TANKBOUW DESPLENTERE-LANNOY Torhout | - | - | 67.4% | 16 |
| C.T.C. TANKBOUW Dilsen-Stokkem | €15.8m | 16.7% | 38.1% | 15.4 |
| LHOEST FRERES Liège | - | - | 59.3% | 13.9 |
| RHENUS AUTOMOTIVE ASSEMBLY Genk | €36.7m | -0.2% | 63.5% | 13.7 |
These companies have the same main activity as JRN-CONSTRUCT: manufacture of fabricated metal products, except machinery and equipment (NACE 25220). They are comparable in size and age: total assets between €1.9m and €12m, founded between 2004 and 2017.
JRN-CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €2.0m in 2020 to €2.5m in 2025.
Construct Support holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €4.3m. Estimated: probably between €2.9m and €7.0m.
Higher than 28% of 1,245 companies in 2025.
Higher than 43% of 1,226 companies in 2025.
Higher than 30% of 1,244 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 8 people joined and 9 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
6.8m | 5.0m | 3.4m | 4.2m | 4.0m | 2.2m | |
21/28 |
784,375 | 806,881 | 650,564 | 618,870 | 543,002 | 162,528 | |
21 |
56,844 | 113,844 | 170,844 | 227,844 | 284,844 | - | |
22/27 |
701,676 | 667,181 | 450,764 | 358,494 | 225,627 | 136,053 | |
23 |
229,670 | 198,883 | 158,994 | 192,066 | 218,612 | 125,544 | |
24 |
81,448 | 123,888 | 5,713 | 5,749 | 7,015 | 10,509 | |
26 |
390,558 | 344,410 | 286,057 | 160,679 | - | - | |
28 |
25,855 | 25,855 | 28,955 | 32,531 | 32,531 | 26,475 | |
29/58 |
6.0m | 4.2m | 2.7m | 3.6m | 3.5m | 2.0m | |
29 |
- | 0 | 83,000 | 83,000 | - | - | |
291 |
- | 0 | 83,000 | 83,000 | - | - | |
3 |
2.0m | 731,123 | 526,182 | 753,646 | 1.1m | - | |
30/36 |
617,586 | 425,307 | 349,388 | 397,581 | 81,025 | - | |
37 |
1.4m | 305,816 | 176,794 | 356,065 | 1.0m | - | |
40/41 |
3.3m | 3.0m | 1.9m | 1.9m | 2.2m | 828,009 | |
40 |
2.8m | 2.7m | 1.7m | 1.8m | 2.1m | 687,092 | |
41 |
544,417 | 269,606 | 187,762 | 97,552 | 87,746 | 140,917 | |
54/58 |
587,149 | 365,170 | 163,748 | 592,792 | 174,730 | 1.1m | |
490/1 |
120,127 | 90,635 | 89,598 | 213,078 | 39,126 | 75,100 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
6.8m | 5.0m | 3.4m | 4.2m | 4.0m | 2.2m | |
10/15 |
2.0m | 1.9m | 1.1m | 410,473 | 397,123 | 534,513 | |
10/11 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
13 |
1.8m | 1.7m | 919,000 | 260,000 | 247,000 | 384,000 | |
133 |
1.8m | 1.7m | 919,000 | 260,000 | 247,000 | 384,000 | |
14 |
67 | 15,338 | 980 | 473 | 123 | 513 | |
17/49 |
4.8m | 3.1m | 2.3m | 3.8m | 3.6m | 1.6m | |
17 |
24,921 | 43,864 | 0 | 37,798 | 78,444 | 141,751 | |
170/4 |
24,921 | 43,864 | 0 | 37,798 | 78,444 | 141,751 | |
42/48 |
3.8m | 2.8m | 1.9m | 3.8m | 3.6m | 1.5m | |
42 |
18,943 | 18,101 | 37,798 | 409,359 | 63,307 | 64,474 | |
43 |
1.1m | 63,388 | 146,308 | 1.4m | - | - | |
430/8 |
1.1m | 63,388 | 146,308 | 1.4m | - | - | |
44 |
2.4m | 2.2m | 1.3m | 1.8m | 3.4m | 895,264 | |
440/4 |
2.4m | 2.2m | 1.3m | 1.8m | 3.4m | 895,264 | |
45 |
305,917 | 296,738 | 268,211 | 145,879 | 133,389 | 329,727 | |
450/3 |
85,727 | 84,596 | 100,963 | 2,862 | 40,043 | 255,009 | |
454/9 |
220,190 | 212,141 | 167,248 | 143,018 | 93,346 | 74,718 | |
47/48 |
0 | 275,000 | 150,000 | - | 0 | 200,000 | |
492/3 |
1.0m | 253,728 | 444,057 | 0 | 1,000 | 16,415 | |
| Income statement | |||||||
76A |
0 | 856 | 1,021 | - | - | - | |
9900 |
2.5m | 3.6m | 2.7m | 1.5m | 1.1m | 2.0m | |
62 |
2.0m | 1.8m | 1.4m | 1.2m | 1.1m | 1.1m | |
630 |
207,102 | 208,169 | 159,616 | 131,013 | 35,102 | 21,235 | |
640/8 |
31,885 | 105,258 | 5,075 | 27,414 | 9,345 | 9,279 | |
66A |
6,836 | - | - | - | - | - | |
9901 |
204,081 | 1.5m | 1.2m | 107,247 | -111,236 | 859,496 | |
75/76B |
11,834 | 50,386 | 42,546 | 2,702 | 90 | 1,859 | |
75 |
11,834 | 50,386 | 42,546 | 2,702 | 90 | 1,859 | |
65/66B |
64,791 | 71,473 | 109,470 | 94,963 | 24,585 | 21,832 | |
65 |
64,791 | 71,473 | 109,470 | 94,963 | 24,585 | 21,832 | |
9903 |
151,123 | 1.5m | 1.1m | 14,986 | -135,731 | 839,522 | |
67/77 |
59,893 | 384,895 | 274,327 | 1,636 | 1,659 | 255,009 | |
9904 |
91,230 | 1.1m | 809,507 | 13,350 | -137,390 | 584,513 | |
9905 |
91,230 | 1.1m | 809,507 | 13,350 | -137,390 | 584,513 | |
| Appropriation of the result | |||||||
9906 |
106,567 | 1.1m | 809,980 | 13,473 | -136,877 | 584,513 | |
14P |
15,338 | 980 | 473 | 123 | 513 | - | |
791/2 |
- | - | - | 0 | 137,000 | - | |
691/2 |
106,500 | 781,000 | 659,000 | 13,000 | 0 | 384,000 | |
6921 |
106,500 | 781,000 | 659,000 | 13,000 | 0 | 384,000 | |
694/7 |
0 | 275,000 | 150,000 | - | 0 | 200,000 | |
694 |
0 | 275,000 | 150,000 | - | 0 | 200,000 | |
| Social balance sheet | |||||||
9087 |
26 | 26 | 20.8 | 20.4 | 20 | 14.8 | |
Hours worked1013 |
45,407 | 41,523 | 34,389 | 31,274 | 32,957 | 33,701 | |
| Document | |||||||
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-07-2026 | 2026-00310953 | |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00408819 | |
| 31-12-2023 | abbreviated format | 21-05-2024 | 2024-00092303 | |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00235609 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20366124 | |
| 31-12-2020 | abbreviated format | 18-03-2021 | 2021-07800360 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 411,183 | 1.7m | 1.3m | 238,260 | -76,134 | 880,731 | ||
| 298,332 | 1.3m | 969,122 | 144,362 | -102,288 | 605,748 | ||
| 195,234 | 373,969 | 197,265 | 207,180 | 415,576 | 183,763 | ||
| 221,980 | 201,421 | -429,043 | 418,061 | -941,777 | - | ||
| 2.2m | 1.4m | 863,473 | -170,599 | -66,435 | 530,152 | ||
| 28.8% | 37.5% | 31.7% | 9.8% | 9.8% | 24.5% | ||
| 1.58 | 1.48 | 1.46 | 0.95 | 0.98 | 1.36 | ||
| 1.06 | 1.22 | 1.18 | 0.75 | 0.67 | 1.36 | ||
| 2.48 | 1.66 | 2.16 | 9.23 | 9.18 | 3.08 | ||
| 4.7% | 57.4% | 75.7% | 3.3% | -34.6% | 109.4% | ||
| 1.3% | 21.5% | 24.0% | 0.3% | -3.4% | 26.8% | ||
| 6.35 | 23.57 | 11.97 | 2.51 | -3.10 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 28 | 29 | 24 | 20 | 21 |
| full-time | 26 | 26 | 22 | 19 | 21 |
| part-time | 2 | 3 | 2 | 1 | 0 |
| in full-time equivalents | 27.6 | 28.4 | 23.4 | 19.8 | 21 |
| 27 | 26 | 20.8 | 20.4 | 20 | |
| On a permanent contract | 28 | 29 | 23 | 20 | 21 |
| Joined | 8 | 10 | 7 | 0 | 4 |
| Left | 9 | 5 | 3 | 1 | 2 |
| Training hours | - | 40 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €1.5m | - |
| €3.4m | €4.3m | €4.3m | €4.3m | €522,500 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €195,234 | €373,969 | €196,065 | €206,880 | €124,520 |
| Intangible fixed assets | - | - | - | - | €285,000 |
| Financial fixed assets | €0 | - | €1,200 | €300 | €6,056 |
| €207,102 | €208,169 | €159,616 | €131,013 | €35,102 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 86% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 62.5% to 71.2%. Equity and debt are higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-09-2025 accounts of Construct Support. Every holding stands with its own latest accounts.
The network lets you explore the ties of JRN-CONSTRUCT.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
JRN-CONSTRUCT was incorporated on 20 September 2019 as a private limited company by CONSTRUCT SUPPORT, with a starting capital of €150,000.12 The registered office was moved to Lokeren in 2023.3 The board currently has 2 members.4 Total assets rose from €2.2m in 2020 to €6.8m in 2025 and headcount from 14.8 to 26 full-time equivalents.5
| Establishment | Since | Unit number |
|---|---|---|
| Ambachtenstraat 15 registered office 9160 Lokeren | 20-09-2019 | 2.293.676.351 |
| 24-05-2026 | Under review | Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) project 2026004365 | Antwerpen |
| 13-04-2026 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Verbouwen / Wijzigen Infrastructuur submitted 26-11-2025 · project 2025125712 | Lokeren |
| 12-08-2024 | Granted | Nieuwbouw of aanleggen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 04-06-2024 · project 2024059123 | Lokeren |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46382B1743/00A000 | 8,052 m² | 1 · 2,669 m² | 0.2 m |
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 0734.691.955
If something looks wrong or is missing, please tell us.