B-J Projects

Active

Private limited companyfounded 20215 yrs activeOver 't Waterstraat 2, 3900 Pelt, BelgiumKBO/BCE: BE 0771.644.403

The computed 12-month bankruptcy probability of B-J Projects is 2.4% (moderate). The 2024 annual accounts show equity of €40k and a net result of €11k. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 36376 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

100 / 100

Excellent▲ +24 vs 2023

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

Axes · tick = 2023

Profitability100=

Solvency100▲+55

Growth78▲+26

Stability94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 10.75 against 1.28 in 2023), and 6.9% 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

Four 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 →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

9 d early

2023

26 d early

2022

24 d early

2021

1 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

€40k▲ 36.6%

2023 · €30k

2021: €15k 2022: €21k 2023: €30k

2021 → 2024

Total assets

€43k▼ 62.4%

2023 · €115k

2021: €23k 2022: €95k 2023: €115k

2021 → 2024

Net result

€11k▲ 31.6%

2023 · €8k

2021: €10k 2022: €6k 2023: €8k

2021 → 2024

Working capital

€29k▲ 21.3%

2023 · €24k

2021: €16k 2022: €-36k 2023: €24k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€15k-€21k▲ 38.8%€30k▲ 38.5%€40k▲ 36.6%

Operating result€13k-€9k▼ 34.5%€12k▲ 41.6%€16k▲ 28.8%

Net result€10k-€6k▼ 42.6%€8k▲ 37.7%€11k▲ 31.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 29% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €43k

26.3%

73.7%

Fixed assets €11k▲ 101%

Current assets €32k▼ 70.8%

Equity and liabilities €43k

93.1%

Equity €40k▲ 36.6%

Debt €3k▼ 96.5%

The debt ratio falls from 74.3% to 6.9%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€18k▲

2023 · €14k

Cash flow

€13k▲

2023 · €10k

Solvency

93.1%▲

2023 · 25.7%

Current ratio

10.75▲

2023 · 1.28

Quick ratio

10.75▲

2023 · 0.55

Debt / equity

0.07▼

2023 · 2.90

ROE

26.8%▼

2023 · 27.8%

ROA

24.9%▲

2023 · 7.1%

Interest coverage

151.34▲

2023 · 11.84

Debt

€3k▼

2023 · €86k

Debt ≤ 1 year

€3k▼

2023 · €86k

Income taxes

€5k▲

2023 · €3k

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€115k€43k▼

Fixed assets21/28€6k€11k▲

Tangible fixed assets22/27€6k€11k▲

Plant, machinery and equipment23€6k€5k▼

Furniture and vehicles24€0€6k▲

Current assets29/58€110k€32k▼

Stocks and contracts in progress3€63k-

Stocks30/36€63k-

Amounts receivable within one year40/41€36k€9k▼

Trade receivables40€33k€5k▼

Other amounts receivable41€3k€3k▼

Cash at bank and in hand54/58€11k€23k▲

Deferred charges and accrued income490/1€270-

Equity and liabilities

Total equity and liabilities10/49€115k€43k▼

Equity10/15€30k€40k▲

Contributions10/11€5k€5k=

Reserves13€25k€35k▲

Distributable reserves133€25k€35k▲

Amounts payable17/49€86k€3k▼

Amounts payable within one year42/48€86k€3k▼

Trade debts44€143€359▲

Suppliers440/4€143€359▲

Taxes, remuneration and social security45€3k€2k▼

Taxes450/3€1k€400▼

Remuneration and social security454/9€1k€1k=

Other amounts payable47/48€83k€742▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€2k€4k▲

Gross operating margin9900€15k€22k▲

Operating profit (loss)9901€12k€16k▲

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€1k€120▼

Recurring financial charges65€1k€120▼

Profit (loss) for the period before taxes9903€11k€16k▲

Income taxes67/77€3k€5k▲

Profit (loss) for the period9904€8k€11k▲

Profit (loss) for the period to be appropriated9905€8k€11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€8k€11k▲

Transfer to equity691/2€8k€11k▲

To other reserves6921€8k€11k▲

The notes to these accounts (5 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 8Financial 4Filings 4

2025

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €11k ▲31.6%

Operating result €16k, net result €11k, both a record.

31-12

Financial Liquidity times 8current ratio 10.75

Current ratio from 1.28 to 10.75; short-term debt falls from €86k to €3k.

05-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity triplescurrent ratio 1.28

Current ratio from 0.51 to 1.28.

07-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €6k ▼42.6%

Net result drops to €6k, the lowest in the series; recovery starts the following year.

01-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1 day late

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

Directors · office · real estate

Directors

1 act for this company is 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, Pelt · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Over 't Waterstraat 23900 Pelt

Ground area

379 m²

Building footprint

160 m²

Volume, LiDAR

839 m³

Parcel 72502E0102/00T110, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

B-J Projects

Over 't Waterstraat 2, 3900 PeltManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20212.320.070.249

1 parcel

Flanders 1 (100%)