JTF CONSTRUCT
ActiveSummary
JTF CONSTRUCT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €15k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+5
Solvency70▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.43 in 2024; short-term debt: 51.4% and cash: 22% of total assets), but 55.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
44.6%
Return on assets
7.5%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
36 d early
2022
32 d early
2021
38 d early
2020
17 d early
2019
82 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€87k▲ 20.2%
2024 · €73k
2018: €8klowest in 8 years
2019: €26k▲ +247% vs 2018
2020: €53k▲ +103% vs 2019
2021: €62k▲ +16.7% vs 2020
2022: €63k▲ +1.7% vs 2021
2023: €63k● +0.0% vs 2022
2024: €73k▲ +14.8% vs 2023
2025: €87k▲ +20.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€196k▼ 8.9%
2024 · €215k
2018: €88klowest in 8 years
2019: €92k▲ +4.7% vs 2018
2020: €135k▲ +46.5% vs 2019
2021: €122k▼ -9.9% vs 2020
2022: €190k▲ +55.9% vs 2021
2023: €172k▼ -9.1% vs 2022
2024: €215k▲ +24.7% vs 2023highest in 8 years
2025: €196k▼ -8.9% vs 2024
2018 → 2025
Net result
€15k▲ 57.0%
2024 · €9k
2018: €-3klowest in 8 years
2019: €47k▲ +1582% vs 2018highest in 8 years
2020: €27k▼ -42.1% vs 2019
2021: €9k▼ -67.1% vs 2020
2022: €1k▼ -88.0% vs 2021
2023: €30▼ -97.1% vs 2022
2024: €9k▲ +30608% vs 2023
2025: €15k▲ +57.0% vs 2024
2018 → 2025
Working capital
€85k▲ 42.0%
2024 · €60k
2018: €-7klowest in 8 years
2019: €23k▲ +417% vs 2018
2020: €49k▲ +119% vs 2019
2021: €53k▲ +7.9% vs 2020
2022: €37k▼ -30.0% vs 2021
2023: €39k▲ +5.2% vs 2022
2024: €60k▲ +52.9% vs 2023
2025: €85k▲ +42.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€63k▲ 1.7%€63k=€73k▲ 14.8%€87k▲ 20.2%
2021: €62klowest in 5 years
2022: €63k▲ +1.7% vs 2021
2023: €63k● +0.0% vs 2022
2024: €73k▲ +14.8% vs 2023
2025: €87k▲ +20.2% vs 2024highest in 5 years
Operating result€12k-€7k▼ 42.6%€3k▼ 52.8%€20k▲ 499%€30k▲ 50.7%
2021: €12k
2022: €7k▼ -42.6% vs 2021
2023: €3k▼ -52.8% vs 2022lowest in 5 years
2024: €20k▲ +499% vs 2023
2025: €30k▲ +50.7% vs 2024highest in 5 years
Net result€9k-€1k▼ 88.0%€30▼ 97.1%€9k▲ 30,608%€15k▲ 57.0%
2021: €9k
2022: €1k▼ -88.0% vs 2021
2023: €30▼ -97.1% vs 2022lowest in 5 years
2024: €9k▲ +30608% vs 2023
2025: €15k▲ +57.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196k
Fixed assets
€10k ▼ 39.6%
Current assets
€186k ▼ 6.4%
Equity and liabilities €196k
Equity
€87k ▲ 20.2%
Debt
€109k ▼ 23.8%
Debt's share of the balance-sheet total falls from 66.3% to 55.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €29k
Cash flow
€24k▲
2024 · €18k
Current ratio
1.85▲
2024 · 1.43
Debt to equity
1.24▼
2024 · 1.96
ROE
16.8%▲
2024 · 12.9%
ROA
7.5%▲
2024 · 4.3%
Interest coverage
6.76▲
2024 · 5.90
Debt ≤ 1 year
€101k▼
2024 · €139k
Income taxes
€10k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€215k€196k▼
Fixed assets21/28€16k€10k▼
Tangible fixed assets22/27€14k€8k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€7k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€199k€186k▼
Stocks and contracts in progress3€18k-
Contracts in progress37€18k-
Amounts receivable within one year40/41€173k€143k▼
Trade receivables40€148k€107k▼
Other amounts receivable41€25k€35k▲
Cash at bank and in hand54/58€6k€43k▲
Deferred charges and accrued income490/1€2k€474▼
Equity and liabilities
Total equity and liabilities10/49€215k€196k▼
Equity10/15€73k€87k▲
Contributions10/11€10k€10k=
Reserves13€62k€76k▲
Distributable reserves133€62k€76k▲
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€143k€109k▼
Amounts payable within one year42/48€139k€101k▼
Current portion of amounts payable after more than one year42€946-
Trade debts44€77k€34k▼
Suppliers440/4€77k€34k▼
Advances received on contracts in progress46€16k€16k=
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Remuneration and social security454/9-€155
Other amounts payable47/48€37k€38k▲
Accrued charges and deferred income492/3€4k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€31k€42k▲
Operating profit (loss)9901€20k€30k▲
Financial income75/76B€169€454▲
Recurring financial income75€169€454▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€15k€25k▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€9k€15k▲
Profit (loss) for the period to be appropriated9905€9k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€16k▲
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer to equity691/2€9k€15k▲
To other reserves6921€9k€15k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €7k | €8k | €9k | €10k | ▲ 13.4% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €2k | ▼ 5.3% |
| Gross operating margin9900 | €16k | €16k | €13k | €31k | €42k | ▲ 35.9% |
| Operating profit (loss)9901 | €12k | €7k | €3k | €20k | €30k | ▲ 50.7% |
| Financial income75/76B | - | €488 | €414 | €169 | €454 | ▲ 168% |
| Recurring financial income75 | €2k | €488 | €414 | €169 | €454 | ▲ 168% |
| Financial charges65/66B | - | €5k | €2k | €5k | €6k | ▲ 21.8% |
| Recurring financial charges65 | €1k | €5k | €2k | €5k | €6k | ▲ 21.8% |
| Profit (loss) for the period before taxes9903 | €13k | €2k | €2k | €15k | €25k | ▲ 61.2% |
| Income taxes67/77 | €4k | €1k | €2k | €6k | €10k | ▲ 67.8% |
| Profit (loss) for the period9904 | €9k | €1k | €30 | €9k | €15k | ▲ 57.0% |
| Profit (loss) for the period to be appropriated9905 | €9k | €1k | €30 | €9k | €15k | ▲ 57.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €190k | €172k | €215k | €196k | ▼ 8.9% |
| Fixed assets21/28 | €9k | €27k | €25k | €16k | €10k | ▼ 39.6% |
| Tangible fixed assets22/27 | €7k | €25k | €23k | €14k | €8k | ▼ 45.8% |
| Plant, machinery and equipment23 | - | €13k | €11k | €7k | €6k | ▼ 21.1% |
| Furniture and vehicles24 | - | €12k | €12k | €7k | €2k | ▼ 70.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €113k | €163k | €148k | €199k | €186k | ▼ 6.4% |
| Stocks and contracts in progress3 | - | €33k | €30k | €18k | - | - |
| Contracts in progress37 | - | €33k | €30k | €18k | - | - |
| Amounts receivable within one year40/41 | €109k | €105k | €94k | €173k | €143k | ▼ 17.5% |
| Trade receivables40 | - | €82k | €65k | €148k | €107k | ▼ 27.4% |
| Other amounts receivable41 | - | €23k | €29k | €25k | €35k | ▲ 40.1% |
| Cash at bank and in hand54/58 | €4k | €22k | €23k | €6k | €43k | ▲ 563% |
| Deferred charges and accrued income490/1 | - | €2k | €638 | €2k | €474 | ▼ 74.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €190k | €172k | €215k | €196k | ▼ 8.9% |
| Equity10/15 | €62k | €63k | €63k | €73k | €87k | ▲ 20.2% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €52k | €52k | €52k | €62k | €76k | ▲ 23.9% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €50k | €52k | €62k | €76k | ▲ 23.9% |
| Profit (loss) carried forward14 | €14k | €1k | €1k | €1k | €1k | = |
| Amounts payable17/49 | €60k | €127k | €109k | €143k | €109k | ▼ 23.8% |
| Amounts payable after more than one year17 | - | €1k | €946 | - | - | - |
| Financial debts170/4 | - | €1k | €946 | - | - | - |
| Amounts payable within one year42/48 | €60k | €125k | €108k | €139k | €101k | ▼ 27.4% |
| Current portion of amounts payable after more than one year42 | - | €7k | €3k | €946 | - | - |
| Trade debts44 | €31k | €72k | €69k | €77k | €34k | ▼ 55.8% |
| Suppliers440/4 | - | €72k | €69k | €77k | €34k | ▼ 55.8% |
| Advances received on contracts in progress46 | - | €16k | - | €16k | €16k | = |
| Taxes, remuneration and social security45 | - | €2k | €2k | €7k | €12k | ▲ 72.5% |
| Taxes450/3 | - | €2k | €2k | €7k | €12k | ▲ 70.2% |
| Remuneration and social security454/9 | - | - | - | - | €155 | - |
| Other amounts payable47/48 | - | €27k | €34k | €37k | €38k | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | - | - | €4k | €8k | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €1k | €30 | €9k | €15k | ▲ 57.0% |
| + Depreciation and write-downs630 | €2k | €7k | €8k | €9k | €10k | ▲ 13.4% |
| Operating cash flow (approximation) | €11k | €8k | €8k | €18k | €24k | ▲ 36.1% |
| Investment in fixed assets (approximation) | - | €-25k | €-6k | €0 | €-3k | - |
| Change in cash | - | €19k | €891 | €-17k | €37k | ▲ 318% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
30-09
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortemark · 1 establishment unit since 2012
Ground area
609 m²
Building footprint
439 m²
Volume, LiDAR
2,306 m³
Parcel 32025A0557/00B005, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
JTF CONSTRUCT
since 20122.209.730.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32025A0557/00B005 | Flanders | 609 m² | 1 · 439 m² | 10.3 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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SMEKENS PASCAL
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AK RENOVISO
BE 1006.265.330
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ENTREPRISE CHIF ERIC
BE 0553.500.608
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,159 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
Founded08-05-2012
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.