JM. CONSTRUCT
ActiveSummary
JM. CONSTRUCT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43k and a net result of €1k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 59% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. The figures in the accounts for fiscal year 2024 give a score of 59 on their own. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48▲+4
Solvency75▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.4 against 1.16 in 2023; short-term debt: 50.2% and cash: 8.4% of total assets), and 50.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
1.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-12-2025, 130 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
130 d late
2023
128 d late
2022
122 d late
2021
56 d late
2020
60 d late
2019
104 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€43k▲ 3.4%
2023 · €41k
2018: €-2k
2019: €-5k
2020: €18k
2021: €39k
2022: €40k
2023: €41k
2018 → 2024
Total assets
€86k▼ 23.1%
2023 · €111k
2018: €24k
2019: €25k
2020: €44k
2021: €63k
2022: €118k
2023: €111k
2018 → 2024
Net result
€1k▲ 85.2%
2023 · €756
2018: €10k
2019: €-3k
2020: €23k
2021: €21k
2022: €1k
2023: €756
2018 → 2024
Working capital
€17k▲ 54.9%
2023 · €11k
2018: €-2k
2019: €-5k
2020: €18k
2021: €-284
2022: €6k
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€18k-€39k▲ 116%€40k▲ 3.1%€41k▲ 1.9%€43k▲ 3.4%
Operating result€34k-€36k▲ 4.8%€8k▼ 78.0%€5k▼ 35.6%€5k▼ 8.7%
Net result€23k-€21k▼ 7.6%€1k▼ 94.2%€756▼ 38.7%€1k▲ 85.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 9% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€25k ▼ 15.8%
Current assets
€60k ▼ 25.8%
Equity and liabilities €86k
Equity
€43k ▲ 3.4%
Debt
€43k ▼ 38.7%
Debt's share of the balance-sheet total falls from 62.9% to 50.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2023 · €10k
Cash flow
€6k▲
2023 · €6k
Current ratio
1.40▲
2023 · 1.16
Debt to equity
1.01▼
2023 · 1.70
ROE
3.3%▲
2023 · 1.8%
ROA
1.6%▲
2023 · 0.7%
Interest coverage
3.31▲
2023 · 2.92
Debt ≤ 1 year
€43k▼
2023 · €70k
Income taxes
€1k▲
2023 · €979
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€111k€86k▼
Fixed assets21/28€30k€25k▼
Tangible fixed assets22/27€30k€25k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€27k€23k▼
Current assets29/58€81k€60k▼
Amounts receivable within one year40/41€67k€47k▼
Trade receivables40€48k€26k▼
Other amounts receivable41€19k€21k▲
Cash at bank and in hand54/58€7k€7k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€111k€86k▼
Equity10/15€41k€43k▲
Contributions10/11€6k€6k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€12k€14k▲
Amounts payable17/49€70k€43k▼
Amounts payable within one year42/48€70k€43k▼
Financial debts43€12k€12k=
Credit institutions430/8€12k€12k=
Trade debts44€31k€18k▼
Suppliers440/4€31k€18k▼
Taxes, remuneration and social security45€26k€11k▼
Taxes450/3€26k€11k▼
Other amounts payable47/48€540€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€524€600▲
Gross operating margin9900€10k€10k▼
Operating profit (loss)9901€5k€5k▼
Financial income75/76B-€778
Recurring financial income75-€778
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€979€1k▲
Profit (loss) for the period9904€756€1k▲
Profit (loss) for the period to be appropriated9905€756€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€14k▲
Profit (loss) brought forward from the previous period14P€11k€12k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 130 days late
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
25-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 56 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.69
Current ratio from 0.84 to 1.69; short-term debt falls from €29k to €26k.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Weakest financial yearnet €-3k ▼126%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 121 days late
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 130 days late
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 87 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Braives · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Péquets 304260 BraivesGround area
473 m²
Building footprint
132 m²
Volume, LiDAR
757 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
JM.CONSTRUCT
since 20042.136.189.131
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64004A0303/00Z004 | Wallonia | 383 m² | 1 · 83 m² | 5.0 m · 1 fl. |
| 25050C0182/00M000 | Wallonia | 89 m² | 1 · 49 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GREENVISION
BE 0477.528.921
Lokeren · Eq €42,695
VEREECKE OPRITTEN
BE 0666.555.690
Eeklo · Eq €42,718
Tuinen Vandewalle
BE 0765.744.328
Roeselare · Eq €42,721
JARBO
BE 0886.711.642
Bierbeek · Eq €42,728
DUR ET NATURE
BE 1003.900.906
Braives · Eq €42,518
Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,546 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.