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DJW Projects

Active
Private limited company·Algemene bouw van residentiële gebouwen· 4 yrs active
Ambachtsstraat 15 ·2490 Balen, Belgium
BE 0784.861.741
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Age4 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DJW Projects is 4.2% (elevated). The 2024 annual accounts show negative equity (€-142k) and a net result of €-194k. Equity is shrinking by ~150.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 3816 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
4.2% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Trust signals

3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-194k
Working capital€-70k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 18-02-2026 with the NBB · fiscal year 2024 · micro
€-200k€-100k€0Operating result 2022: €13k€13kNet result 2022: €11k€11kOperating result 2023: €50k€50kNet result 2023: €38k€38kOperating result 2024: €-173k€-173kNet result 2024: €-194k€-194k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~150.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-400k€-200k€02025: €-220k (€-231k - €-209k)2026: €-298k (€-309k - €-286k)2027: €-375k (€-387k - €-364k)2022: €13k2023: €52k2024: €-142k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -53.8% 39.4%
better than 5% of 3816 sector peers
Net result €-194k €10k
better than 5% of 3813 sector peers
Equity €-142k €29k
better than 5% of 3821 sector peers
Gross operating margin €-85k €26k
better than 5% of 3811 sector peers
Total assets €264k €85k
better than 84% of 3817 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-152k
- far below sector median
Net profit
€-194k
- far below sector median
Cash flow
€-174k
- far below sector median
Total assets
€264k
+0.7% +116% vs sector
Equity
€-142k
- far below sector median
Working capital
€-70k
- far below sector median
Income taxes
€563
-95.1% far above sector median
Debt
€406k
+92.9% far above sector median
Debt ≤ 1y
€257k
+34.2% far above sector median
Debt > 1y
€149k
+677.4% 22-24
Current ratio
0.73
-33.7% -72% vs sector
Quick ratio
0.43
-46.7% -83% vs sector
Solvency
-53.8%
- far below sector median
Debt / equity
-2.86
- far below sector median
ROE
136.4%
+84.1% far above sector median
ROA
-73.4%
- far below sector median
Interest coverage
-6.43
- -196% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-152k
Net profit€-194k
Cash flow€-174k
Staff costs-
Income taxes€563
Dividends-
Total assets€264k
Equity€-142k
Debt€406k
of which ≤ 1y€257k
of which > 1y€149k
Working capital€-70k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.73
Quick ratio0.43
Working capital ratio-26.4%
Solvency-53.8%
Debt / equity-2.86
Long-term debt ratio-1.05
Interest coverage-6.43
Gross margin-
Net margin-
ROA-73.4%
ROE136.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€264k
Fixed assets 21/28€77k
Formation expenses 20€174
Tangible fixed assets 22/27€71k
Financial fixed assets 28€6k
Current assets 29/58€187k
Stocks & contracts in progress 3€76k
Amounts receivable within one year 40/41€110k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€264k
Equity 10/15€-142k
Contributions / capital 10/11€3k
Reserves 13€49k
Accumulated profits (losses) 14€-194k
Amounts payable 17/49€406k
Amounts payable after one year 17€149k
Amounts payable within one year 42/48€257k
Trade debts payable within one year 44€181k
Income statement
Gross operating margin 9900€-85k
Operating result 9901€-173k
Financial income 75€3k
Financial charges 65€24k
Result before taxes 9903€-193k
Income taxes 67/77€563
Net result for the period 9904€-194k
Result to be appropriated 9905€-194k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
7 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
DJW Projects
Ambachtsstraat 15, 2490 BalenVervaardiging van ander schrijn- en timmerwerk
since 20222.331.433.996
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,847 m²
Buildings1
Building footprint784 m²
Volume (LiDAR)5,313 m³
Tallest building8.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13003E0610/00H004 Flanders 2,847 m² 1 · 784 m² 8.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health7Profitability100Solvency38Growth32Stability94
54 / 100

Mixed profile: strong on profitability, weaker on health.

Health 7
Profitability 100
Solvency 38
Growth 32
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Loodgieterswerk43221Sanitaire werkzaamheden43221Stukadoorswerk43310Stukadoorswerk43310Schrijnwerk43320Schrijnwerk43320
Primary activity highlighted.
Names & trade names
Legal nameNL DJW Projects
Registered office
Ambachtsstraat 15
2490 Balen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.