JS EXPERT CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of JS EXPERT CONSTRUCT is 1.6% (moderate). The 2025 annual accounts show negative equity (-€18,248) and a net result of -€17,035. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 34,483 sector peers (NACE 43, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€18,248
- Loss
- -€17,035
Why 52raises riskLoss of €17,035 (financial year 2025)Negative equity -€18,248Latest accounts 61 days late; 1 of the last 3 latelowers riskSize: total assets €15,875Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 3% on solvency, 14% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 48 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€17,035
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00537145.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €17,038 after €1,750 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.5% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,906 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €941 | €133 | ▼ 85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,316 | €5,080 | €5,080 | €5,080 | €5,080 | - | - | €248 | - |
| Other operating charges640/8 | - | - | - | €686 | €836 | €700 | €739 | €288 | ▼ 61.0% |
| Gross operating margin9900 | €21,720 | €12,473 | €3,876 | -€97 | €3,312 | €212 | €3,430 | -€16,369 | - |
| Operating profit (loss)9901 | €11,695 | €6,658 | -€2,073 | -€5,863 | -€2,605 | -€489 | €1,750 | -€17,038 | - |
| Financial charges65/66B | - | - | - | €725 | €726 | €211 | €32 | -€3 | - |
| Recurring financial charges65 | €103 | €99 | €726 | €725 | €726 | €211 | €32 | -€3 | - |
| Profit (loss) for the period before taxes9903 | €11,592 | €6,559 | -€2,799 | -€6,588 | -€3,331 | -€699 | €1,718 | -€17,035 | - |
| Income taxes67/77 | €3,295 | €1,956 | €311 | €329 | €352 | €372 | €644 | - | - |
| Profit (loss) for the period9904 | €8,297 | €4,603 | -€3,110 | -€6,917 | -€3,683 | -€1,072 | €1,074 | -€17,035 | - |
| Profit (loss) for the period to be appropriated9905 | €8,297 | €4,603 | -€3,110 | -€6,917 | -€3,683 | -€1,072 | €1,074 | -€17,035 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €23,624 | €18,343 | €16,329 | €10,717 | €11,973 | €21,349 | €40,838 | €15,875 | ▼ 61.1% |
| Fixed assets21/28 | €20,084 | €15,240 | €10,160 | €5,080 | - | - | - | €1,056 | - |
| Tangible fixed assets22/27 | €20,084 | €15,240 | €10,160 | €5,080 | - | - | - | €1,056 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €1,056 | - |
| Furniture and vehicles24 | - | - | - | €5,080 | - | - | - | - | - |
| Current assets29/58 | €3,540 | €3,103 | €6,169 | €5,637 | €11,973 | €21,349 | €40,838 | €14,819 | ▼ 63.7% |
| Amounts receivable within one year40/41 | €92 | €1,011 | €92 | €4,419 | €8,770 | €13,100 | €35,428 | €10,900 | ▼ 69.2% |
| Trade receivables40 | - | - | - | €4,320 | €8,770 | €13,100 | €35,428 | €10,900 | ▼ 69.2% |
| Other amounts receivable41 | - | - | - | €99 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,165 | €1,106 | €5,217 | €348 | €2,033 | €7,247 | €4,765 | €3,057 | ▼ 35.8% |
| Deferred charges and accrued income490/1 | - | - | - | €871 | €1,170 | €1,002 | €644 | €862 | ▲ 33.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €23,624 | €18,343 | €16,329 | €10,717 | €11,973 | €21,349 | €40,838 | €15,875 | ▼ 61.1% |
| Equity10/15 | €7,892 | €12,495 | €9,384 | €2,467 | -€1,215 | -€2,287 | -€1,213 | -€18,248 | ▼ 1,405% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€10,708 | -€6,105 | -€9,216 | -€16,133 | -€19,815 | -€20,887 | -€19,813 | -€36,848 | ▼ 86.0% |
| Amounts payable17/49 | €15,732 | €5,848 | €6,945 | €8,250 | €13,188 | €23,635 | €42,051 | €34,123 | ▼ 18.9% |
| Amounts payable within one year42/48 | €15,732 | €5,848 | €6,945 | €8,250 | €13,188 | €23,635 | €42,051 | €34,123 | ▼ 18.9% |
| Trade debts44 | €644 | - | - | - | - | €2,788 | €220 | €1,525 | ▲ 593% |
| Suppliers440/4 | - | - | - | - | - | €2,788 | €220 | €1,525 | ▲ 593% |
| Taxes, remuneration and social security45 | - | - | - | €7,178 | €12,652 | €772 | €20,716 | €200 | ▼ 99.0% |
| Taxes450/3 | - | - | - | €1,078 | €752 | €772 | €1,017 | €200 | ▼ 80.3% |
| Remuneration and social security454/9 | - | - | - | €6,100 | €11,900 | - | €19,700 | - | - |
| Other amounts payable47/48 | - | - | - | €1,072 | €537 | €20,075 | €21,114 | €32,398 | ▲ 53.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,297 | €4,603 | -€3,110 | -€6,917 | -€3,683 | -€1,072 | €1,074 | -€17,035 | - |
| + Depreciation and write-downs630 | €5,316 | €5,080 | €5,080 | €5,080 | €5,080 | - | - | €248 | - |
| Operating cash flow (approximation) | €13,613 | €9,683 | €1,970 | -€1,837 | €1,397 | -€1,072 | €1,074 | -€16,787 | - |
| Investment in fixed assets (approximation) | - | -€236 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | -€2,060 | €4,112 | -€4,869 | €1,685 | €5,214 | -€2,482 | -€1,708 | ▲ 31.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00537145 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00445696 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00420625 |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00415374 |
| 31-12-2021 | micro format | 28-09-2022 | 2022-20438461 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66000255 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66000358 |
| 31-12-2018 | micro format | 25-09-2019 | 2019-65700554 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59400177 |
| 31-12-2016 | micro format | 09-08-2017 | 2017-43000394 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
06-03
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion · Capital conversion · Director in office7 facts ▸
- General meeting, 17-01-2024
- Legal-form conversion, “besloten vennootschap” (deed in French)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, opheffen en middelen beschikbaar maken voor uitkering” (deed in French)
- Amendment of the articles
- Director in office, BELECA Liviu (director)
- Capital
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0845.906.910
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23012G0253/00S000 | Flanders | 1,657 m² | 1 · 176 m² | 6.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- JS EXPERT CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,bijkantoren,agentschappen,opslagplaatsen en verkooppunten in België en in het buitenland door…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 16.- Vertegenwoordiging - Gerechtelijke handelingen en rechtshandelingen. De Vennootschap wordt vertegenwoordigd in de handelingen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “13, met of zonder beperking van duur” (deed in French)“14, eerstvolgende algemene vergadering moet bevestigen” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Drie/vierde na aftrek voorgestelde aandelen, niet tegenstelbaar aan Vennootschap of derden ongeacht goede of kwade trouw” (deed in French)“Weigering instemming overdracht onder levenden, Voorzitter Ondernemingsrechtbank zetel zoals in kortgeding” (deed in French)“Overgang ten gevolge van overlijden, waarde van overgegane aandelen” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed