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JVS

Active
Public limited companyfounded 1993active for 33 yearsJoseph Lemairelaan 16, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0451.071.675

Financials · financial year 2025, full format

Annual accounts 2025 filed on 31-07-2026 at the NBB all 31 filings

Turnover
≈ €930,000
Estimated: probably between €700,000 and €1.2m
EBIT margin
Not included in this filing
Net result
-€289,638
2024 · €4,178
Working capital
-€2.8m▼ 4.3%
2024 · -€2.6m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €230,086, after a profit of €72,832 in 2024. It is the lowest result since 2021.

Operating result-€0.2m 2025 Net result-€0.3m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.4m▲ 45.7%€0.1m▼ 62.9%€0.1m▲ 5.8%€0.2m▲ 39.4%€0.07m▼ 66.0%€0.07m▲ 4.2%-€0.2m
Net result€0.1m-€0.2m▲ 68.6%-€0.01mbelow the sector's middle half€0.07mwithin the sector's middle half€0.05mwithin the sector's middle half▼ 31.0%€0.003mbelow the sector's middle half▼ 94.8%€0.004mwithin the sector's middle half▲ 56.9%-€0.3mbelow the sector's middle half
Equity€0.8m-€1.0m▲ 26.0%€1.0mabove the sector's middle half▼ 1.3%€1.1mabove the sector's middle half▲ 7.4%€1.1mabove the sector's middle half▲ 4.8%€1.1mabove the sector's middle half▲ 0.2%€1.1mabove the sector's middle half▲ 0.4%€0.8mwithin the sector's middle half▼ 25.8%
Total assets€5.3m-€5.5m▲ 2.3%€5.2mabove the sector's middle half▼ 3.8%€5.2mabove the sector's middle half▼ 1.2%€5.2mabove the sector's middle half▲ 0.6%€4.9mabove the sector's middle half▼ 5.6%€4.9mabove the sector's middle half▼ 0.2%€4.7mabove the sector's middle half▼ 5.3%
Debt€4.5m-€4.4m▼ 1.9%€4.3m▼ 4.4%€4.1m▼ 3.2%€4.1m▼ 0.4%€3.8m▼ 7.2%€3.8m▼ 0.3%€3.8m▲ 0.7%
Working capital-€2.2m--€2.1m▲ 4.4%-€2.3mbelow the sector's middle half▼ 9.1%-€2.4mbelow the sector's middle half▼ 2.7%-€2.5mbelow the sector's middle half▼ 4.5%-€2.6mbelow the sector's middle half▼ 3.6%-€2.6mbelow the sector's middle half▼ 1.6%-€2.8mbelow the sector's middle half▼ 4.3%
Solvency15.0%-18.4%▲ 3.5pp18.9%below the sector's middle half▲ 0.5pp20.6%below the sector's middle half▲ 1.6pp21.4%within the sector's middle half▲ 0.8pp22.7%within the sector's middle half▲ 1.3pp22.9%within the sector's middle half▲ 0.1pp17.9%below the sector's middle half▼ 4.9pp
Current ratio0.09-0.18▲ 0.100.15below the sector's middle half▼ 0.030.16below the sector's middle half▲ 0.010.19below the sector's middle half▲ 0.030.15below the sector's middle half▼ 0.040.19below the sector's middle half▲ 0.040.15below the sector's middle half▼ 0.04
Return on assets (ROA)2.3%-3.8%▲ 1.5pp-0.2%below the sector's middle half▼ 4.1pp1.4%within the sector's middle half▲ 1.7pp1.0%within the sector's middle half▼ 0.4pp0.1%below the sector's middle half▼ 0.9pp0.1%below the sector's middle half=-6.2%below the sector's middle half▼ 6.3pp
Staff (FTE)1-1=1below the sector's middle half=1.5below the sector's middle half▲ 50.0%1.3below the sector's middle half▼ 13.3%1.9below the sector's middle half▲ 46.2%1.5below the sector's middle half▼ 21.1%1.5below the sector's middle half=
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets €4.2m ▼ 3.2%
Current assets €477,933 ▼ 20.8%
Equity and liabilities €4.7m
Equity €835,040 ▼ 25.8%
Debt €3.8m ▲ 0.7%
Debt's share of the balance-sheet total rises from 77.1% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€74,053▼
2024 · €226,636
Cash flow
-€133,604▼
2024 · €157,983
Debt to equity
4.58▲
2024 · 3.37
ROE
-34.7%▼
2024 · 0.4%
Interest coverage
-1.24▼
2024 · 3.57
Debt ≤ 1 year
€3.2m▼
2024 · €3.3m
Debt > 1 year
€390,413▲
2024 · €289,495
Income taxes
-€170▼
2024 · €5,247
Staff costs
€53,960▲
2024 · €50,080
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date22222
full-time1-111
part-time12111
in full-time equivalents1.51.31.51.51.5
Average over the year, in full-time equivalents1.51.31.91.51.5
On a permanent contract22222
Joined244--
Left204--

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets---€0-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€23,858€52,174€615€1,499€18,475
Depreciation and write-downs of the year€141,460€148,461€148,381€153,805€156,034

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as JVS: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €2.4m and €3.5m, founded between 1985 and 2008.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
JVS Sint-Jans-Molenbeek1993€4.7m€0.8m€0.3m-€0.3m1.52025
HUYGENS CONSTRUCT Chièvres1987€3.1m€1.5m€0.3m€0.02m2.82025
EERDEKENS EN WILLEMS Bocholt1988€2.7m€2.4m€0.5m€0.2m22025
EDDIE SEBREGHTS Zoersel1996€2.4m€2.1m€0.5m€0.2m1.32025
EA2 bvba Putte2008€3.5m€1.0m€0.2m€0.06m1.42025
TAHITI PISCINES Awans2005€3.3m€0.3m€0.4m€0.04m32025
COBAT CONSTRUCTIONS Neufchâteau1985€2.5m€0.3m€0.2m-€0.02m2.82025

They were chosen from the 2,275 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€4.9m€4.7m▼
Fixed assets21/28€4.3m€4.2m▼
Tangible fixed assets22/27€1.5m€1.4m▼
Land and buildings22€1.1m€1.1m▼
Plant, machinery and equipment23€0.001m€0.001m▼
Furniture and vehicles24€223€0.01m▲
Leasing and similar rights25€0.4m€0.3m▼
Financial fixed assets28€2.8m€2.8m=
Current assets29/58€0.6m€0.5m▼
Amounts receivable after more than one year29€0.1m€0.1m=
Other amounts receivable291€0.1m€0.1m=
Amounts receivable within one year40/41€0.5m€0.3m▼
Trade receivables40€0.3m€0.1m▼
Other amounts receivable41€0.2m€0.2m▲
Cash at bank and in hand54/58€0.007m€0.01m▲
Deferred charges and accrued income490/1€0.004m€0.007m▲
Equity and liabilities
Total equity and liabilities10/49€4.9m€4.7m▼
Equity10/15€1.1m€0.8m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.6m€0.6m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€0.6m€0.6m=
Profit (loss) carried forward14€0.5m€0.2m▼
Amounts payable17/49€3.8m€3.8m▲
Amounts payable after more than one year17€0.3m€0.4m▲
Financial debts170/4€0.3m€0.4m▲
Amounts payable within one year42/48€3.3m€3.2m▼
Current portion of amounts payable after more than one year42€0.1m€0.2m▲
Trade debts44€0.08m€0.05m▼
Suppliers440/4€0.08m€0.05m▼
Advances received on contracts in progress46€0.07m€0▼
Taxes, remuneration and social security45€0.01m€0.02m▲
Taxes450/3€0.008m€0.01m▲
Remuneration and social security454/9€0.006m€0.004m▼
Other amounts payable47/48€3.0m€3.0m▲
Accrued charges and deferred income492/3€0.3m€0.2m▼
Income statement Code20242025
Non-recurring operating income76A€0.06m€0.06m=
Remuneration, social security and pensions62€0.05m€0.05m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.001m€0▼
Other operating charges640/8€0.007m€0.05m▲
Non-recurring operating charges66A€0.05m€0.3m▲
Gross operating margin9900€0.3m€0.3m▼
Operating profit (loss)9901€0.07m-€0.2m▼
Financial charges65/66B€0.06m€0.06m▼
Recurring financial charges65€0.06m€0.06m▼
Profit (loss) for the period before taxes9903€0.009m-€0.3m▼
Income taxes67/77€0.005m-€170▼
Profit (loss) for the period9904€0.004m-€0.3m▼
Profit (loss) for the period to be appropriated9905€0.004m-€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.2m▼
Profit (loss) brought forward from the previous period14P€0.4m€0.5m▲
Social balance sheet
Average headcount (FTE)90871.51.5=

The notes to these accounts have 15 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€63,540€63,540€63,540=
Remuneration, social security and pensions62---€56,065€37,538€57,719€50,080€53,960▲ 7.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146,441€146,835€146,738€141,460€148,461€148,381€153,805€156,034▲ 1.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€110,631€623€0▼ 100%
Other operating charges640/8---€5,251€5,669€6,462€7,241€54,082▲ 647%
Non-recurring operating charges66A------€48,808€284,163▲ 482%
Gross operating margin9900€588,915€549,147€429,574€350,027€396,960€393,077€333,388€318,152▼ 4.6%
Operating profit (loss)9901€257,386€375,123€139,121€147,252€205,291€69,883€72,832-€230,086-
Recurring financial income75€47--------
Financial charges65/66B---€62,263€132,703€66,578€63,407€59,721▼ 5.8%
Recurring financial charges65€78,107€71,437€63,111€62,263€132,703€66,578€63,407€59,721▼ 5.8%
Profit (loss) for the period before taxes9903€179,326€303,686€76,010€84,989€72,588€3,305€9,424-€289,808-
Income taxes67/77€56,081€95,894€88,808€11,192€21,696€643€5,247-€170-
Profit (loss) for the period9904€123,245€207,792-€12,798€73,797€50,892€2,662€4,178-€289,638-
Profit (loss) for the period to be appropriated9905€123,245€207,792-€12,798€73,797€50,892€2,662€4,178-€289,638-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€5.3m€5.5m€5.2m€5.2m€5.2m€4.9m€4.9m€4.7m▼ 5.3%
Fixed assets21/28€5.1m€5.0m€4.8m€4.7m€4.6m€4.5m€4.3m€4.2m▼ 3.2%
Tangible fixed assets22/27€2.3m€2.2m€2.0m€1.9m€1.8m€1.7m€1.5m€1.4m▼ 9.0%
Land and buildings22---€1.3m€1.3m€1.2m€1.1m€1.1m▼ 4.7%
Plant, machinery and equipment23---€0-€284€0.001m€0.001m▼ 33.6%
Furniture and vehicles24---€123-€288€223€0.01m▲ 43×
Leasing and similar rights25---€0.6m€0.6m€0.5m€0.4m€0.3m▼ 25.0%
Financial fixed assets28€2.8m€2.8m€2.8m€2.8m€2.8m€2.8m€2.8m€2.8m=
Current assets29/58€0.2m€0.5m€0.4m€0.5m€0.6m€0.5m€0.6m€0.5m▼ 20.8%
Amounts receivable after more than one year29---€0.1m€0.1m€0.1m€0.1m€0.1m=
Other amounts receivable291---€0.1m€0.1m€0.1m€0.1m€0.1m=
Amounts receivable within one year40/41€0.2m€0.4m€0.3m€0.4m€0.5m€0.3m€0.5m€0.3m▼ 28.7%
Trade receivables40---€0.1m€0.2m€0.2m€0.3m€0.1m▼ 51.2%
Other amounts receivable41---€0.2m€0.3m€0.1m€0.2m€0.2m▲ 9.7%
Cash at bank and in hand54/58€0.003m€0.007m€0.005m€0.002m€0.002m€0.005m€0.007m€0.01m▲ 103%
Deferred charges and accrued income490/1---€358€0.005m€0€0.004m€0.007m▲ 80.8%
Equity and liabilities
Total equity and liabilities10/49€5.3m€5.5m€5.2m€5.2m€5.2m€4.9m€4.9m€4.7m▼ 5.3%
Equity10/15€0.8m€1.0m€1.0m€1.1m€1.1m€1.1m€1.1m€0.8m▼ 25.8%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves13€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m=
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m€0.006m=
Distributable reserves133---€0.6m€0.6m€0.6m€0.6m€0.6m=
Profit (loss) carried forward14€0.1m€0.3m€0.3m€0.4m€0.4m€0.4m€0.5m€0.2m▼ 64.2%
Amounts payable17/49€4.5m€4.4m€4.3m€4.1m€4.1m€3.8m€3.8m€3.8m▲ 0.7%
Amounts payable after more than one year17€1.4m€1.2m€1.0m€0.8m€0.6m€0.4m€0.3m€0.4m▲ 34.9%
Financial debts170/4---€0.8m€0.6m€0.4m€0.3m€0.4m▲ 34.9%
Other amounts payable178/9---€0.001m€0.001m----
Amounts payable within one year42/48€2.5m€2.6m€2.8m€2.9m€3.1m€3.1m€3.3m€3.2m▼ 0.3%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.2m€0.1m€0.2m▲ 12.9%
Financial debts43---€19-----
Other loans439---€19-----
Trade debts44€0.09m€0.08m€0.03m€0.04m€0.05m€0.07m€0.08m€0.05m▼ 36.1%
Suppliers440/4---€0.04m€0.05m€0.07m€0.08m€0.05m▼ 36.1%
Advances received on contracts in progress46---€0.05m€0.07m€0.07m€0.07m€0▼ 100%
Taxes, remuneration and social security45---€0.3m€0.1m€0.03m€0.01m€0.02m▲ 17.4%
Taxes450/3---€0.3m€0.1m€0.03m€0.008m€0.01m▲ 56.3%
Remuneration and social security454/9---€0.009m€0.004m€0.007m€0.006m€0.004m▼ 32.1%
Other amounts payable47/48---€2.3m€2.7m€2.7m€3.0m€3.0m▲ 2.3%
Accrued charges and deferred income492/3---€0.4m€0.4m€0.3m€0.3m€0.2m▼ 25.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€123,245€207,792-€12,798€73,797€50,892€2,662€4,178-€289,638-
+ Depreciation and write-downs630€146,441€146,835€146,738€141,460€148,461€148,381€153,805€156,034▲ 1.4%
Operating cash flow (approximation)€269,686€354,627€133,940€215,257€199,353€151,043€157,983-€133,604-
Investment in fixed assets (approximation)--€1,016-€6,337-€23,858-€52,174-€615-€1,499-€18,475▼ 1,133%
Change in cash-€4,105-€2,177-€3,646€50€2,917€2,285€7,083▲ 210%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 31 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 31-07-2026 2026-00372049 NBB
31-12-2024 full format 31-08-2025 2025-00473070 PDF
31-12-2023 full format 25-08-2024 2024-00379931 PDF
31-12-2022 full format 31-08-2023 2023-00433901 PDF
31-12-2021 full format 31-08-2022 2022-20425151 PDF
31-12-2020 full format 31-08-2021 2021-63300559 PDF
31-12-2019 full format 07-11-2020 2020-70100007 PDF
31-12-2018 full format 30-08-2019 2019-60000350 PDF
31-12-2017 abbreviated format 31-08-2018 2018-59800154 PDF
31-12-2016 abbreviated format 29-08-2017 2017-53500265 PDF

Show all 31 filings

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