JVH CONSTRUCT

Active

Private limited companyfounded 20206 yrs activeBoekhoutstraat 19b, 9520 Sint-Lievens-Houtem, BelgiumKBO/BCE: BE 0745.778.956

The computed 12-month bankruptcy probability of JVH CONSTRUCT is 2.4% (moderate). The 2024 annual accounts show equity of €38k and a net result of €4k. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 36377 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

68 / 100

Healthy= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability54▼-46

Solvency27▼-11

Growth52=

Stability100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.29 in 2023), and 82.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

17.4%

Return on assets

1.9%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36377 sector peers (2024).

NBB · sector comparison

Position among 36377 sector peers

Solvency

better than 19%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

14 d early

2023

30 d late

2022

25 d late

2021

29 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€38k▲ 12.1%

2023 · €34k

2021: €16k 2022: €16k 2023: €34k

2021 → 2024

Total assets

€216k▲ 45.8%

2023 · €148k

2021: €142k 2022: €117k 2023: €148k

2021 → 2024

Net result

€4k▼ 80.1%

2023 · €20k

2021: €55k 2022: €42k 2023: €20k

2021 → 2024

Working capital

€37k▲ 13.4%

2023 · €33k

2021: €15k 2022: €15k 2023: €33k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€16k-€16k▼ 1.9%€34k▲ 109%€38k▲ 12.1%

Operating result€60k-€40k▼ 32.6%€30k▼ 26.2%€7k▼ 77.3%

Net result€55k-€42k▼ 24.6%€20k▼ 51.2%€4k▼ 80.1%

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 77% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €216k

100.0%

Fixed assets €89▼ 80.0%

Current assets €216k▲ 46.2%

Equity and liabilities €216k

17.4%

82.6%

Equity €38k▲ 12.1%

Debt €179k▲ 55.6%

The debt ratio rises from 77.4% to 82.6%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k▼

2023 · €30k

Cash flow

€4k▼

2023 · €21k

Solvency

17.4%▼

2023 · 22.6%

Current ratio

1.21▼

2023 · 1.29

Quick ratio

1.21▼

2023 · 1.29

Debt / equity

4.75▲

2023 · 3.42

ROE

10.8%▼

2023 · 60.7%

ROA

1.9%▼

2023 · 13.7%

Interest coverage

74.47▼

2023 · 119.88

Debt

€179k▲

2023 · €115k

Debt ≤ 1 year

€179k▲

2023 · €115k

Income taxes

€3k▼

2023 · €10k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€148k€216k▲

Fixed assets21/28€445€89▼

Tangible fixed assets22/27€445€89▼

Plant, machinery and equipment23€445€89▼

Current assets29/58€148k€216k▲

Amounts receivable within one year40/41€117k€196k▲

Trade receivables40€57k€136k▲

Other amounts receivable41€60k€60k▲

Cash at bank and in hand54/58€31k€20k▼

Equity and liabilities

Total equity and liabilities10/49€148k€216k▲

Equity10/15€34k€38k▲

Contributions10/11€1k€1k=

Reserves13€33k€37k▲

Distributable reserves133€33k€37k▲

Amounts payable17/49€115k€179k▲

Amounts payable within one year42/48€115k€179k▲

Trade debts44€41k€101k▲

Suppliers440/4€41k€101k▲

Advances received on contracts in progress46€5k-

Taxes, remuneration and social security45€21k€25k▲

Taxes450/3€10k€12k▲

Remuneration and social security454/9€11k€13k▲

Other amounts payable47/48€48k€52k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€439€356▼

Other operating charges640/8€132€528▲

Gross operating margin9900€30k€8k▼

Operating profit (loss)9901€30k€7k▼

Financial income75/76B€661-

Recurring financial income75€661-

Financial charges65/66B€252€96▼

Recurring financial charges65€252€96▼

Profit (loss) for the period before taxes9903€30k€7k▼

Income taxes67/77€10k€3k▼

Profit (loss) for the period9904€20k€4k▼

Profit (loss) for the period to be appropriated9905€20k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€20k€4k▼

Transfer from equity791/2€3k-

Transfer to equity691/2€20k€4k▼

To other reserves6921€20k€4k▼

Profit to be distributed694/7€3k-

Return on contributions (dividend)694€3k-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

17-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €4k ▼80.1%

Net result drops to €4k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

25-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 25 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

21-10-2024 Chiel VAN DAMME: Resigned as Director

02-04-2024 Francis ROGIERS: Resigned as Director

02-04-2024 Jamie DE COCK: Resigned as Director

09-05-2023 Bart BENOOIT: Resigned as Director

30-06-2021 Jamie DE COCK: Resigned as Director

01-04-2021 Joshua BICKE: Resigned as Director

31-03-2021 Kevin EVRARD: Resigned as Director

20-12-2020 Jamie DE COCK: Resigned as Director

30-09-2020 Waldo VAN DE SANDE: Resigned as Director

Location & real-estate footprint

Registered office, Sint-Lievens-Houtem · 1 establishment unit since 2020

establishment The establishment unit on the map