Equity
-€28,092
Debts exceed assets in financial year 2025.
JULSTA Constructies
Lifetime
14 annual accounts with figures on one time axispeak €24,247 (2021)
-€289,791
lowest -€315,791 (2025)
-€315,791
peak €287,699 (2023)
-€28,092
€1.6m
peak 0 FTE (2025)
0 FTE
Board5 names since 2022
2 directorsAB MANAGEMENT and 1 other
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
Loss of €315,791No figures for the year before
Key points
from the 2025 annual accountsLosses
-€570,231 in three years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.6m 102% of the balance sheet
Financial debts 70%Suppliers 1%Taxes and wages 0%Other 29%
Filings
14 annual accounts since 2011
The 2023 accounts came 22 days late. The other nine of the last ten were filed on time.
At the same address
12 companies
Position in the sector
-€315,791
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 11% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▲ +0.3 percentage points vs 08-2025
10-2025: 1.9%▲ +0.8 percentage points vs 09-2025
11-2025: 2.0%▲ +0.1 percentage points vs 10-2025
12-2025: 2.4%▲ +0.4 percentage points vs 11-2025
01-2026: 3.3%▲ +0.9 percentage points vs 12-2025highest value
02-2026: 1.7%▼ -1.6 percentage points vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026
08-2026: 0.9%▼ -0.8 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.8%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €315,791, the second in a row (financial year 2025)
Negative equity -€28,092
lowers risk
Size: total assets €1.6m
Figures for financial year 2025 (filed on 30-01-2026)
Calculation
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 68, micro). It does better than 18% of them on solvency, 11% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
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).
Comparable companies, two years later
In July 2024, 598 companies had the same profile as JULSTA Constructies has now. Each dot stands for 2 companies, two years later.
83.3%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JULSTA Constructies itself is lower: 0.8% within 12 months. It rests on far more data about JULSTA Constructies than the profile alone.
Test of the method
The method was tested on the 497,447 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 598 companies, not a prediction for JULSTA Constructies. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.98 (1.04 in 2023), below 1. Short-term debt is 101.8% and cash 7.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222325
2019 to 2025 · latest year -€28,092
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2023
22 days late
2022
30 days early
2021
32 days early
2020
30 days early
2019
on the day
2018
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 68), the median for financial year 2023 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0822583853
Company renamed from PAL PROJECTS CONSTRUCTIES to JULSTA Constructies
Registered office moved from Genk to Vilvoorde · New registered office: Aarschotsestraat 87/A, 1800 Vilvoorde · Previous registered office: Krekeldries 5, 3600 Genk · General meeting of 01-07-2024 · Gazette deed
Capital contribution of €303,989
Contribution: MCH · Transfer of 638 shares to MCH · General meeting of 17-03-2023 · Gazette deed
Demerger: S & S CONSTRUCT splits off to PK Investment
Founding capital of €86,421.85 · Company renamed from S & S CONSTRUCT to PAL PROJECTS CONSTRUCTIES · Capital increase of €300,000 · 3,000 new shares · General meeting of 19-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JULSTA Constructies Vilvoorde | €1.6m | -€289,791 | -1.8% | 0 |
| Christiaens Real Estate Knokke-Heist | €1.6m | -€32,287 | 28.0% | 0 |
| IMMO GV Oudsbergen | €1.3m | -€23,033 | -16.7% | 0 |
| JARDINS DE LA PASTURE Mont-Saint-Guibert | €1.5m | -€249,889 | 77.6% | 0 |
| SAVY Damme | €1.4m | -€9,763 | 86.6% | 0 |
| DIERCKX PROJECTS Wijnegem | €1.2m | -€362,327 | -49.9% | 0 |
| TOBAGOS Messancy | €1.3m | -€3,660 | 21.4% | 0 |
These companies have the same main activity as JULSTA Constructies: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.2m and €1.6m, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 20-01-2010Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.184.825.8221800 Vilvoorde, since 20-01-2010
- Financial year end
- 30 June
- Peppol
- Reachable since 27-11-2025
Annual accounts to 30-06-2025
- €1.6m
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on JULSTA Constructies
JULSTA Constructies files the abbreviated format. That format states no turnover. The gross margin fell from -€796 in 2011 to -€289,791 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JULSTA Constructies
- What is the company number of JULSTA Constructies?
- The company number of JULSTA Constructies is 0822.583.853. The VAT number is the same number with BE in front: BE 0822.583.853.
- Where is JULSTA Constructies based?
- The registered office is at Aarschotsestraat 87, 1800 Vilvoorde.Company details
- What does JULSTA Constructies do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of JULSTA Constructies?
- JULSTA Constructies is a private limited company (BV).
- When was JULSTA Constructies founded?
- JULSTA Constructies was founded on 20-01-2010.
- Is JULSTA Constructies still active?
- Yes, JULSTA Constructies is an active enterprise in the KBO register.
- What is the turnover of JULSTA Constructies?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is JULSTA Constructies profitable?
- In financial year 2025, JULSTA Constructies made a loss of €315,791.
- Where can I find the annual accounts of JULSTA Constructies?
- JULSTA Constructies filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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