Jazz Projects
ActiveSummary
The computed 12-month bankruptcy probability of Jazz Projects is 3.0% (moderate). The 2025 annual accounts show equity of €108,167 and a net result of €27,325. Equity is growing by ~92.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 13560 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency100▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.82 against 2.3 in 2024; short-term debt: 10.2% and cash: 27.2% of total assets), and 14.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
85.9%
Return on assets
21.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
39 d early
2021
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€108,167▲ 33.8%
2024 · €80,842
Total assets
€125,949▼ 2.7%
2024 · €129,476
Net result
€27,325▼ 38.6%
2024 · €44,526
Working capital
€48,887▲ 7.7%
2024 · €45,396
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,608-€15,286€39,916▲ 161%€58,918▲ 47.6%€37,095▼ 37.0%
Net result-€20,853below the sector's middle half-€13,392within the sector's middle half€35,778above the sector's middle half▲ 167%€44,526above the sector's middle half▲ 24.5%€27,325above the sector's middle half▼ 38.6%
Equity-€12,853below the sector's middle half-€538within the sector's middle half€36,316within the sector's middle half▲ 6,646%€80,842within the sector's middle half▲ 123%€108,167above the sector's middle half▲ 33.8%
Total assets€26,562below the sector's middle half-€41,428below the sector's middle half▲ 56.0%€99,370within the sector's middle half▲ 140%€129,476within the sector's middle half▲ 30.3%€125,949within the sector's middle half▼ 2.7%
Debt€39,416-€40,889▲ 3.7%€63,054▲ 54.2%€48,634▼ 22.9%€17,782▼ 63.4%
Working capital€940--€1,754€13,503€45,396▲ 236%€48,887▲ 7.7%
Solvency-48.4%below the sector's middle half-1.3%within the sector's middle half▲ 49.7pp36.5%within the sector's middle half▲ 35.2pp62.4%above the sector's middle half▲ 25.9pp85.9%above the sector's middle half▲ 23.4pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,949
Fixed assets
€64,267 ▲ 31.0%
Current assets
€61,682 ▼ 23.3%
Equity and liabilities €125,949
Equity
€108,167 ▲ 33.8%
Debt
€17,782 ▼ 63.4%
Debt's share of the balance-sheet total falls from 37.6% to 14.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,410▼
2024 · €72,318
Cash flow
€45,640▼
2024 · €57,927
Current ratio
4.82▲
2024 · 2.30
Debt to equity
0.16▼
2024 · 0.60
ROE
25.3%▼
2024 · 55.1%
ROA
21.7%▼
2024 · 34.4%
Interest coverage
42.30▲
2024 · 30.21
Debt ≤ 1 year
€12,795▼
2024 · €35,033
Debt > 1 year
€4,635▼
2024 · €12,400
Income taxes
€9,699▼
2024 · €12,280
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €39 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,084 | €2,404 | €8,336 | €13,401 | €18,315 | ▲ 36.7% |
| Other operating charges640/8 | - | €372 | €5,113 | €502 | €385 | ▼ 23.1% |
| Gross operating margin9900 | -€17,141 | €18,062 | €53,365 | €72,820 | €55,795 | ▼ 23.4% |
| Operating profit (loss)9901 | -€19,608 | €15,286 | €39,916 | €58,918 | €37,095 | ▼ 37.0% |
| Financial income75/76B | - | €14 | €55 | €282 | €1,239 | ▲ 340% |
| Recurring financial income75 | €45 | €14 | €55 | €282 | €1,239 | ▲ 340% |
| Financial charges65/66B | - | €1,909 | €2,393 | €2,394 | €1,310 | ▼ 45.3% |
| Recurring financial charges65 | €1,291 | €1,909 | €2,393 | €2,394 | €1,310 | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | -€20,853 | €13,392 | €37,578 | €56,806 | €37,024 | ▼ 34.8% |
| Income taxes67/77 | - | - | €1,800 | €12,280 | €9,699 | ▼ 21.0% |
| Profit (loss) for the period9904 | -€20,853 | €13,392 | €35,778 | €44,526 | €27,325 | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | -€20,853 | €13,392 | €35,778 | €44,526 | €27,325 | ▼ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,562 | €41,428 | €99,370 | €129,476 | €125,949 | ▼ 2.7% |
| Fixed assets21/28 | €4,716 | €15,445 | €53,883 | €49,047 | €64,267 | ▲ 31.0% |
| Tangible fixed assets22/27 | €4,671 | €15,400 | €52,788 | €47,952 | €64,221 | ▲ 33.9% |
| Land and buildings22 | - | €4,387 | €3,931 | €3,475 | €3,019 | ▼ 13.1% |
| Plant, machinery and equipment23 | - | €4,056 | €29,506 | €30,078 | €21,385 | ▼ 28.9% |
| Furniture and vehicles24 | - | €4,020 | €4,155 | €2,609 | €1,064 | ▼ 59.2% |
| Leasing and similar rights25 | - | - | €12,565 | €9,464 | €6,363 | ▼ 32.8% |
| Other tangible fixed assets26 | - | €2,936 | €2,631 | €2,325 | €32,390 | ▲ 1,293% |
| Financial fixed assets28 | €46 | €46 | €1,096 | €1,096 | €46 | ▼ 95.8% |
| Current assets29/58 | €21,846 | €25,983 | €45,487 | €80,428 | €61,682 | ▼ 23.3% |
| Amounts receivable within one year40/41 | €2,330 | €1,036 | €6,131 | €25,848 | €25,095 | ▼ 2.9% |
| Trade receivables40 | - | €1,036 | €5,608 | €4,806 | €2,489 | ▼ 48.2% |
| Other amounts receivable41 | - | €0 | €522 | €21,043 | €22,606 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €18,261 | €24,192 | €39,356 | €52,999 | €34,251 | ▼ 35.4% |
| Deferred charges and accrued income490/1 | - | €755 | €0 | €1,581 | €2,336 | ▲ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,562 | €41,428 | €99,370 | €129,476 | €125,949 | ▼ 2.7% |
| Equity10/15 | -€12,853 | €538 | €36,316 | €80,842 | €108,167 | ▲ 33.8% |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | - | - | - | - | €27,325 | - |
| Distributable reserves133 | - | - | - | - | €27,325 | - |
| Profit (loss) carried forward14 | -€20,853 | -€7,462 | €28,316 | €72,842 | €72,842 | = |
| Amounts payable17/49 | €39,416 | €40,889 | €63,054 | €48,634 | €17,782 | ▼ 63.4% |
| Amounts payable after more than one year17 | €18,510 | €12,933 | €24,318 | €12,400 | €4,635 | ▼ 62.6% |
| Financial debts170/4 | - | €12,933 | €24,318 | €12,400 | €4,635 | ▼ 62.6% |
| Amounts payable within one year42/48 | €20,906 | €27,736 | €31,984 | €35,033 | €12,795 | ▼ 63.5% |
| Current portion of amounts payable after more than one year42 | - | €5,577 | €11,423 | €11,918 | €7,765 | ▼ 34.8% |
| Trade debts44 | €3,758 | €10,400 | €5,225 | €5,218 | €4,809 | ▼ 7.8% |
| Suppliers440/4 | - | €10,400 | €5,225 | €5,218 | €4,809 | ▼ 7.8% |
| Advances received on contracts in progress46 | - | - | - | €335 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €789 | €5,106 | €17,561 | €220 | ▼ 98.7% |
| Taxes450/3 | - | €789 | €5,106 | €17,561 | €220 | ▼ 98.7% |
| Other amounts payable47/48 | - | €10,970 | €10,230 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €220 | €6,752 | €1,201 | €353 | ▼ 70.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,853 | €13,392 | €35,778 | €44,526 | €27,325 | ▼ 38.6% |
| + Depreciation and write-downs630 | €2,084 | €2,404 | €8,336 | €13,401 | €18,315 | ▲ 36.7% |
| Operating cash flow (approximation) | -€18,769 | €15,796 | €44,114 | €57,927 | €45,640 | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | -€13,133 | -€46,775 | -€8,565 | -€33,535 | ▼ 292% |
| Change in cash | - | €5,931 | €15,164 | €13,643 | -€18,748 | ▼ 237% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity doublescurrent ratio 4.82
Current ratio from 2.30 to 4.82; short-term debt falls from €35,033 to €12,795.
30-09
Financial
Equity above €100,000Eq €108,167 ▲33.8%
4 profitable years in a row build equity to €108,167.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €44,526 ▲24.5%
Operating result €58,918, net result €44,526, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €13,392
Net result €13,392 after one loss-making year.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Kortrijk · 1 establishment unit since 2020
Ground area
300 m²
Building footprint
216 m²
Volume, LiDAR
2,329 m³
Parcel 34022G0388/00H000, Flanders · tallest building 20.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Jazz Projects
since 20202.308.006.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0388/00H000 | Flanders | 300 m² | 1 · 216 m² | 20.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.308.006.914
Dual-learning approval
8 live approvalsHulpkelner (vwo)
Hulpkelner duaal (so)
Hulpkok (vwo)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Show 2 more
Kok duaal (so)
Restaurant en keuken duaal (so)
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 9,476 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
Founded01-10-2020
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755490438
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.