JSB CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of JSB CONCEPT is 2.3% (moderate). The 2025 annual accounts show negative equity (-€19,178) and a net result of -€3,799. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 28254 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.99 in 2024; short-term debt: 126.9% and cash: 16.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-122.8%
Return on assets
-24.3%
Age of the figures
9 mo
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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€19,178
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 22-07-2026, 9 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
9 d early
2024
28 d late
2023
30 d late
2022
29 d late
2021
25 d late
2020
24 d late
2019
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€14,228▼ 76.9%
2024 · €61,595
EBIT margin
-20.1%▼ 66.3pp
2024 · 46.2%
Net result
-€3,799
2024 · €27,135
Working capital
-€8,325▼ 4,950%
2024 · -€165
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
Line20212022202320242025
Turnover€318,727€61,595▼ 80.7%€14,228▼ 76.9%
Operating result-€338€6,885-€2,501€28,431-€2,862
Net result-€2,367below the sector's middle half€5,215within the sector's middle half-€3,706below the sector's middle half€27,135within the sector's middle half-€3,799below the sector's middle half
EBIT margin-0.8%46.2%▲ 46.9pp-20.1%▼ 66.3pp
Equity-€44,022below the sector's middle half▼ 5.7%-€38,807below the sector's middle half▲ 11.8%-€42,513below the sector's middle half▼ 9.6%-€15,378below the sector's middle half▲ 63.8%-€19,178below the sector's middle half▼ 24.7%
Total assets€83,777within the sector's middle half▲ 86.5%€46,059below the sector's middle half▼ 45.0%€34,959below the sector's middle half▼ 24.1%€24,541below the sector's middle half▼ 29.8%€15,615below the sector's middle half▼ 36.4%
Debt€127,799▲ 47.6%€84,866▼ 33.6%€77,472▼ 8.7%€39,920▼ 48.5%€34,792▼ 12.8%
Working capital€16,994within the sector's middle half-€7,971below the sector's middle half-€22,843below the sector's middle half▼ 187%-€165below the sector's middle half▲ 99.3%-€8,325below the sector's middle half▼ 4,950%
Solvency-52.5%below the sector's middle half▲ 40.2pp-84.3%below the sector's middle half▼ 31.7pp-121.6%below the sector's middle half▼ 37.4pp-62.7%below the sector's middle half▲ 58.9pp-122.8%below the sector's middle half▼ 60.2pp
Current ratio1.26within the sector's middle half▲ 0.290.85below the sector's middle half▼ 0.410.56below the sector's middle half▼ 0.290.99below the sector's middle half▲ 0.430.58below the sector's middle half▼ 0.41
Return on assets (ROA)-2.8%below the sector's middle half▼ 61.0pp11.3%within the sector's middle half▲ 14.1pp-10.6%below the sector's middle half▼ 21.9pp110.6%above the sector's middle half▲ 121.2pp-24.3%below the sector's middle half▼ 134.9pp
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 turns negative in 2025: a loss of €2,862 after €28,431 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15,615
Fixed assets
€4,128 ▼ 19.1%
Current assets
€11,487 ▼ 40.9%
Key figures and ratios
EBITDA
-€1,889▼
2024 · €29,405
Cash flow
-€2,826▼
2024 · €28,108
Debt to equity
-1.81▲
2024 · -2.60
Interest coverage
-2.02▼
2024 · 22.68
Debt ≤ 1 year
€19,812▲
2024 · €19,605
Debt > 1 year
€14,673▼
2024 · €20,104
Staff costs
€103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,662 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 6,038 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €318,727 | €61,595 | €14,228 | ▼ 76.9% |
| Non-recurring operating income76A | €14,050 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €319,314 | €32,117 | €15,947 | ▼ 50.3% |
| Remuneration, social security and pensions62 | - | - | - | - | €103 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €793 | €603 | €1,323 | €973 | €973 | = |
| Other operating charges640/8 | €105 | €80 | €591 | €74 | €67 | ▼ 8.9% |
| Gross operating margin9900 | €560 | €7,568 | -€587 | €29,478 | -€1,719 | ▼ 106% |
| Operating profit (loss)9901 | -€338 | €6,885 | -€2,501 | €28,431 | -€2,862 | ▼ 110% |
| Financial income75/76B | €1 | €1 | €2 | - | €0 | - |
| Recurring financial income75 | €1 | €1 | €2 | - | €0 | - |
| Financial charges65/66B | €1,648 | €1,671 | €1,206 | €1,297 | €937 | ▼ 27.7% |
| Recurring financial charges65 | €1,648 | €1,671 | €1,206 | €1,297 | €937 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | -€1,985 | €5,215 | -€3,706 | €27,135 | -€3,799 | ▼ 114% |
| Income taxes67/77 | €382 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,367 | €5,215 | -€3,706 | €27,135 | -€3,799 | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | -€2,367 | €5,215 | -€3,706 | €27,135 | -€3,799 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,777 | €46,059 | €34,959 | €24,541 | €15,615 | ▼ 36.4% |
| Formation expenses20 | €95 | - | - | - | - | - |
| Fixed assets21/28 | €941 | €433 | €6,074 | €5,101 | €4,128 | ▼ 19.1% |
| Tangible fixed assets22/27 | €858 | €350 | €5,991 | €5,018 | €4,045 | ▼ 19.4% |
| Plant, machinery and equipment23 | €858 | €350 | - | - | - | - |
| Furniture and vehicles24 | - | - | €5,991 | €5,018 | €4,045 | ▼ 19.4% |
| Financial fixed assets28 | €83 | €83 | €83 | €83 | €83 | = |
| Current assets29/58 | €82,741 | €45,626 | €28,885 | €19,440 | €11,487 | ▼ 40.9% |
| Amounts receivable within one year40/41 | €70,748 | €23,112 | €20,743 | €14,642 | €7,766 | ▼ 47.0% |
| Trade receivables40 | €70,700 | €23,064 | €20,695 | €14,042 | €5,445 | ▼ 61.2% |
| Other amounts receivable41 | €48 | €48 | €48 | €599 | €2,321 | ▲ 287% |
| Cash at bank and in hand54/58 | €5,681 | €18,838 | €5,438 | €2,924 | €2,527 | ▼ 13.6% |
| Deferred charges and accrued income490/1 | €6,312 | €3,676 | €2,704 | €1,874 | €1,193 | ▼ 36.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,777 | €46,059 | €34,959 | €24,541 | €15,615 | ▼ 36.4% |
| Equity10/15 | -€44,022 | -€38,807 | -€42,513 | -€15,378 | -€19,178 | ▼ 24.7% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | €2,000 | €2,000 | - | - | - | - |
| Other1319 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€66,022 | -€60,807 | -€64,513 | -€37,378 | -€41,178 | ▼ 10.2% |
| Amounts payable17/49 | €127,799 | €84,866 | €77,472 | €39,920 | €34,792 | ▼ 12.8% |
| Amounts payable after more than one year17 | €36,398 | €30,967 | €25,535 | €20,104 | €14,673 | ▼ 27.0% |
| Financial debts170/4 | €36,398 | €30,967 | €25,535 | €20,104 | €14,673 | ▼ 27.0% |
| Amounts payable within one year42/48 | €65,747 | €53,597 | €51,728 | €19,605 | €19,812 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | €5,115 | €5,115 | €5,115 | €5,115 | €5,251 | ▲ 2.7% |
| Trade debts44 | €6,497 | €7,045 | €7,841 | €226 | €297 | ▲ 31.2% |
| Suppliers440/4 | €6,497 | €7,045 | €7,841 | €226 | €297 | ▲ 31.2% |
| Taxes, remuneration and social security45 | €40,632 | €18,303 | €16,005 | €360 | €360 | = |
| Taxes450/3 | €39,952 | €17,623 | €15,325 | - | - | - |
| Remuneration and social security454/9 | €680 | €680 | €680 | €360 | €360 | = |
| Other amounts payable47/48 | €13,503 | €23,134 | €22,768 | €13,904 | €13,904 | = |
| Accrued charges and deferred income492/3 | €25,654 | €302 | €209 | €211 | €308 | ▲ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,367 | €5,215 | -€3,706 | €27,135 | -€3,799 | ▼ 114% |
| + Depreciation and write-downs630 | €793 | €603 | €1,323 | €973 | €973 | = |
| Operating cash flow (approximation) | -€1,574 | €5,818 | -€2,383 | €28,108 | -€2,826 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€95 | -€6,964 | €0 | €0 | - |
| Change in cash | - | €13,157 | -€13,400 | -€2,513 | -€397 | ▲ 84.2% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €27,135
Net result €27,135 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €5,215
Net result €5,215 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €26,124
Net result €26,124 after 2 loss-making years.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Binche · 1 establishment unit since 2017
Ground area
998 m²
Building footprint
160 m²
Volume, LiDAR
942 m³
Parcel 56084C0389/00E000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JSB CONCEPT
since 20172.264.463.416
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56084C0389/00E000 | Wallonia | 997 m² | 1 · 160 m² | 7.4 m · 2 fl. |
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.
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Manage
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 8,464 companies in sector 43120 we hold annual accounts for 3,233. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
41001General construction of residential buildings
43230Insulation installation
64210Activities of holding companies
68110Buying and selling of own real estate
71121Engineering and related technical consultancy, excluding land surveyors
81100Combined facilities support activities
81220Other building cleaning and industrial cleaning
Contact
E-mail
sebastien@jsbconcept.beBinche
Phone
0495/21.95.62Binche
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675883033
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.