JVS
ActiveFinancials · 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
In the rankings
#2 company by total assets in Sint-Jans-Molenbeek, Construction sector#5 company by equity in Sint-Jans-Molenbeek, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€230,086
2025
20182025
Net result
-€289,638
2025
lowest quarter of the sector
20182025
Equity
€835,040
▼ 25.8%
2025
middle half of the sector
20182025
Total assets
€4.7m
▼ 5.3%
2025
highest quarter of the sector
20182025
Debt
€3.8m
▲ 0.7%
2025
20182025
Working capital
-€2.8m
▼ 4.3%
2025
lowest quarter of the sector
20182025
Solvency
17.9%
▼ 4.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.15
▼ 0.04
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-6.2%
▼ 6.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1.5
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
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 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.
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
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
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 2 |
| full-time | 1 | - | 1 | 1 | 1 |
| part-time | 1 | 2 | 1 | 1 | 1 |
| in full-time equivalents | 1.5 | 1.3 | 1.5 | 1.5 | 1.5 |
| Average over the year, in full-time equivalents | 1.5 | 1.3 | 1.9 | 1.5 | 1.5 |
| On a permanent contract | 2 | 2 | 2 | 2 | 2 |
| Joined | 2 | 4 | 4 | - | - |
| Left | 2 | 0 | 4 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00473070 | |
| 31-12-2023 | full format | 25-08-2024 | 2024-00379931 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00433901 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20425151 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-63300559 | |
| 31-12-2019 | full format | 07-11-2020 | 2020-70100007 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-60000350 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59800154 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-53500265 |