J-PROJECT
ActiveSummary
J-PROJECT has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13.28M and a net result of €717k. Equity is growing by ~60% per year across the filed fiscal years. Its solvency ranks better than 57% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+12
Solvency64▲+14
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 0.06 in 2023; short-term debt: 6.8% and cash: 0.4% of total assets), but 60.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.3%
Return on assets
2.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
48 d early
2022
49 d early
2021
37 d early
2020
23 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€3.07M▲ 5.2%
2023 · €2.92M
2019: €590klowest value
2021: €2.06M
2022: €2.59M▲ +25.5% vs 2021
2023: €2.92M▲ +12.9% vs 2022
2024: €3.07M▲ +5.2% vs 2023highest value
2019 → 2024
EBIT margin
41.4%▲ 34.1pp
2023 · 7.3%
2019: 32.5%
2021: 85.8%highest value
2022: 32.4%▼ -62.2% vs 2021
2023: 7.3%▼ -77.5% vs 2022lowest value
2024: 41.4%▲ +468% vs 2023
2019 → 2024
Net result
€717k
2023 · €-194k
2019: €2k
2021: €1.18Mhighest value
2022: €410k▼ -65.3% vs 2021
2023: €-194k▼ -147% vs 2022lowest value
2024: €717k▲ +470% vs 2023
2019 → 2024
Working capital
€1.23M
2023 · €-5.81M
2019: €-3.62M
2021: €-675k
2022: €-1.47M▼ -117% vs 2021
2023: €-5.81M▼ -296% vs 2022lowest value
2024: €1.23M▲ +121% vs 2023highest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Turnover€590k-€2.06M▲ 249%€2.59M▲ 25.5%€2.92M▲ 12.9%€3.07M▲ 5.2%
2019: €590klowest value
2021: €2.06M
2022: €2.59M▲ +25.5% vs 2021
2023: €2.92M▲ +12.9% vs 2022
2024: €3.07M▲ +5.2% vs 2023highest value
Equity€740k-€5.99M▲ 710%€6.40M▲ 6.8%€7.39M▲ 15.5%€13.28M▲ 79.7%
2019: €740klowest value
2021: €5.99M
2022: €6.40M▲ +6.8% vs 2021
2023: €7.39M▲ +15.5% vs 2022
2024: €13.28M▲ +79.7% vs 2023highest value
Operating result€192k-€1.77M▲ 821%€838k▼ 52.6%€213k▼ 74.6%€1.27M▲ 497%
2019: €192klowest value
2021: €1.77Mhighest value
2022: €838k▼ -52.6% vs 2021
2023: €213k▼ -74.6% vs 2022
2024: €1.27M▲ +497% vs 2023
Net result€2k-€1.18M▲ 47,770%€410k▼ 65.3%€-194k€717k
2019: €2k
2021: €1.18Mhighest value
2022: €410k▼ -65.3% vs 2021
2023: €-194k▼ -147% vs 2022lowest value
2024: €717k▲ +470% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 497% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33.82M
Fixed assets
€30.30M ▲ 4.0%
Current assets
€3.52M ▲ 822%
Equity and liabilities €33.82M
Equity
€13.28M ▲ 79.7%
Debt
€20.53M ▼ 7.2%
Debt's share of the balance-sheet total falls from 75.0% to 60.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.53M▲
2023 · €1.32M
Cash flow
€1.98M▲
2023 · €918k
Current ratio
1.54▲
2023 · 0.06
Debt to equity
1.55▼
2023 · 2.99
ROE
5.4%▲
2023 · -2.6%
ROA
2.1%▲
2023 · -0.7%
Interest coverage
5.08▲
2023 · 3.28
Debt ≤ 1 year
€2.29M▼
2023 · €6.19M
Debt > 1 year
€18.20M▲
2023 · €15.88M
Income taxes
€46k
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€29.53M€33.82M▲
Fixed assets21/28€29.15M€30.30M▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€29.15M€30.30M▲
Land and buildings22€25.21M€29.59M▲
Plant, machinery and equipment23€281k€209k▼
Other tangible fixed assets26€490k€490k=
Assets under construction and advance payments27€3.16M€15k▼
Current assets29/58€381k€3.52M▲
Amounts receivable within one year40/41€67k€3.39M▲
Trade receivables40€67k€37k▼
Other amounts receivable41-€3.35M
Cash at bank and in hand54/58€315k€126k▼
Equity and liabilities
Total equity and liabilities10/49€29.53M€33.82M▲
Equity10/15€7.39M€13.28M▲
Contributions10/11€1.19M€6.69M▲
Reserves13€6.34M€6.54M▲
Non-distributable reserves130/1€119k-
Reserves not available under the articles1311€119k-
Other1319€111-
Tax-exempt reserves132€39k€39k=
Distributable reserves133€6.19M€6.50M▲
Profit (loss) carried forward14€-138k€53k▲
Amounts payable17/49€22.14M€20.53M▼
Amounts payable after more than one year17€15.88M€18.20M▲
Financial debts170/4€15.86M€18.17M▲
Credit institutions173€15.86M€18.17M▲
Other amounts payable178/9€23k€23k=
Amounts payable within one year42/48€6.19M€2.29M▼
Current portion of amounts payable after more than one year42€1.53M€1.63M▲
Trade debts44€54k€397k▲
Suppliers440/4€54k€397k▲
Taxes, remuneration and social security45€13k€22k▲
Taxes450/3€13k€22k▲
Other amounts payable47/48€4.60M€241k▼
Accrued charges and deferred income492/3€57k€47k▼
Income statement
Code20232024
Operating income70/76A€2.93M€3.09M▲
Turnover70€2.92M€3.07M▲
Other operating income74€11k€14k▲
Operating charges60/66A€2.72M€1.82M▼
Services and other goods61€262k€343k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.11M€1.26M▲
Other operating charges640/8€1.34M€211k▼
Operating profit (loss)9901€213k€1.27M▲
Financial charges65/66B€406k€508k▲
Recurring financial charges65€406k€508k▲
Debt charges650€404k€498k▲
Other financial charges652/9€3k€10k▲
Profit (loss) for the period before taxes9903€-194k€763k▲
Income taxes67/77-€46k
Taxes670/3-€46k
Profit (loss) for the period9904€-194k€717k▲
Profit (loss) for the period to be appropriated9905€-194k€717k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-138k€578k▲
Profit (loss) brought forward from the previous period14P€55k€-138k▼
Transfer to equity691/2-€200k
To other reserves6921-€200k
Profit to be distributed694/7-€325k
Directors or managers695-€325k
The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €2.77M | €2.60M | €2.93M | €3.09M | ▲ 5.3% |
| Turnover70 | €590k | €2.06M | €2.59M | €2.92M | €3.07M | ▲ 5.2% |
| Other operating income74 | - | €714k | €14k | €11k | €14k | ▲ 32.8% |
| Operating charges60/66A | - | €1.01M | €1.76M | €2.72M | €1.82M | ▼ 33.2% |
| Goods for resale, raw materials and consumables60 | - | €6k | - | - | - | - |
| Purchases600/8 | - | €6k | - | - | - | - |
| Services and other goods61 | - | €114k | €167k | €262k | €343k | ▲ 31.0% |
| Remuneration, social security and pensions62 | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €294k | €829k | €1.28M | €1.11M | €1.26M | ▲ 13.4% |
| Other operating charges640/8 | - | €53k | €312k | €1.34M | €211k | ▼ 84.3% |
| Operating profit (loss)9901 | €192k | €1.77M | €838k | €213k | €1.27M | ▲ 497% |
| Financial income75/76B | - | €6 | €41 | - | - | - |
| Recurring financial income75 | - | €6 | €41 | - | - | - |
| Other financial income752/9 | - | €6 | €41 | - | - | - |
| Financial charges65/66B | - | €238k | €285k | €406k | €508k | ▲ 25.0% |
| Recurring financial charges65 | €189k | €238k | €285k | €406k | €508k | ▲ 25.0% |
| Debt charges650 | €187k | €232k | €280k | €404k | €498k | ▲ 23.5% |
| Other financial charges652/9 | - | €7k | €4k | €3k | €10k | ▲ 238% |
| Profit (loss) for the period before taxes9903 | €3k | €1.53M | €553k | €-194k | €763k | ▲ 494% |
| Income taxes67/77 | €696 | €348k | €143k | - | €46k | - |
| Taxes670/3 | - | €348k | €143k | - | €46k | - |
| Profit (loss) for the period9904 | €2k | €1.18M | €410k | €-194k | €717k | ▲ 470% |
| Transfer from tax-exempt reserves789 | - | €46k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2k | €1.23M | €410k | €-194k | €717k | ▲ 470% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.70M | €21.05M | €24.49M | €29.53M | €33.82M | ▲ 14.5% |
| Fixed assets21/28 | €8.99M | €18.98M | €23.37M | €29.15M | €30.30M | ▲ 4.0% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €8.99M | €18.98M | €23.37M | €29.15M | €30.30M | ▲ 4.0% |
| Land and buildings22 | - | €18.48M | €22.75M | €25.21M | €29.59M | ▲ 17.3% |
| Plant, machinery and equipment23 | - | - | - | €281k | €209k | ▼ 25.5% |
| Other tangible fixed assets26 | - | €490k | €490k | €490k | €490k | = |
| Assets under construction and advance payments27 | - | €16k | €127k | €3.16M | €15k | ▼ 99.5% |
| Current assets29/58 | €702k | €2.07M | €1.12M | €381k | €3.52M | ▲ 822% |
| Amounts receivable within one year40/41 | €518k | €1.96M | €1.05M | €67k | €3.39M | ▲ 4,971% |
| Trade receivables40 | - | €5k | €275k | €67k | €37k | ▼ 45.0% |
| Other amounts receivable41 | - | €1.96M | €775k | - | €3.35M | - |
| Cash at bank and in hand54/58 | €181k | €102k | €69k | €315k | €126k | ▼ 59.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.70M | €21.05M | €24.49M | €29.53M | €33.82M | ▲ 14.5% |
| Equity10/15 | €740k | €5.99M | €6.40M | €7.39M | €13.28M | ▲ 79.7% |
| Contributions10/11 | €31k | €1.16M | €1.16M | €1.19M | €6.69M | ▲ 463% |
| Reserves13 | €703k | €4.79M | €5.19M | €6.34M | €6.54M | ▲ 3.2% |
| Non-distributable reserves130/1 | - | €116k | €116k | €119k | - | - |
| Reserves not available under the articles1311 | - | €116k | €116k | €119k | - | - |
| Other1319 | - | €111 | €111 | €111 | - | - |
| Tax-exempt reserves132 | - | €39k | €39k | €39k | €39k | = |
| Distributable reserves133 | - | €4.63M | €5.03M | €6.19M | €6.50M | ▲ 5.2% |
| Profit (loss) carried forward14 | €6k | €43k | €53k | €-138k | €53k | ▲ 138% |
| Amounts payable17/49 | €8.96M | €15.06M | €18.09M | €22.14M | €20.53M | ▼ 7.2% |
| Amounts payable after more than one year17 | €4.63M | €12.25M | €15.49M | €15.88M | €18.20M | ▲ 14.5% |
| Financial debts170/4 | - | €12.23M | €15.46M | €15.86M | €18.17M | ▲ 14.6% |
| Credit institutions173 | - | €12.23M | €15.46M | €15.86M | €18.17M | ▲ 14.6% |
| Other amounts payable178/9 | - | €23k | €23k | €23k | €23k | = |
| Amounts payable within one year42/48 | €4.32M | €2.74M | €2.59M | €6.19M | €2.29M | ▼ 63.0% |
| Current portion of amounts payable after more than one year42 | - | €1.36M | €1.43M | €1.53M | €1.63M | ▲ 6.7% |
| Trade debts44 | €15k | €27k | €2k | €54k | €397k | ▲ 640% |
| Suppliers440/4 | - | €27k | €2k | €54k | €397k | ▲ 640% |
| Taxes, remuneration and social security45 | - | €17k | €58k | €13k | €22k | ▲ 68.2% |
| Taxes450/3 | - | €17k | €58k | €13k | €22k | ▲ 68.2% |
| Other amounts payable47/48 | - | €1.33M | €1.10M | €4.60M | €241k | ▼ 94.8% |
| Accrued charges and deferred income492/3 | - | €69k | €14k | €57k | €47k | ▼ 17.4% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €1.18M | €410k | €-194k | €717k | ▲ 470% |
| + Depreciation and write-downs630 | €294k | €829k | €1.28M | €1.11M | €1.26M | ▲ 13.4% |
| Operating cash flow (approximation) | €297k | €2.01M | €1.69M | €918k | €1.98M | ▲ 115% |
| Investment in fixed assets (approximation) | - | - | €-5.67M | €-6.89M | €-2.41M | ▲ 65.0% |
| Change in cash | - | - | €-33k | €246k | €-188k | ▼ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €717k
Net result €717k after one loss-making year.
31-12
Financial
Liquidity times 25current ratio 1.54
Current ratio from 0.06 to 1.54; short-term debt falls from €6.19M to €2.29M.
31-12
Financial
Equity above €10MEq €13.28M ▲79.7%
Equity rises from €7.39M to €13.28M.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-194k
Net result drops to €-194k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2019net €1.18M ▲47,770%
Operating result €1.77M, net result €1.18M, both a record.
31-12
Financial
Equity above €5MEq €5.99M ▲710%
2 profitable years in a row build equity to €5.99M.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
27-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
11-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Kampenhout · 1 establishment unit since 1995
Ground area
2.8 ha
Building footprint
5,973 m²
Volume, LiDAR
4,550 m³
2 parcels, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
SIBEL
since 19952.073.248.405
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23038A0437/00A000 | Flanders | 1.4 ha | 1 · 5,030 m² | 0.4 m |
| 24126D0272/00H002 | Flanders | 1.4 ha | 1 · 943 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 1,590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.