Jazz Projects
ActiveSummary
The computed 12-month bankruptcy probability of Jazz Projects is 3.0% (moderate). The 2025 annual accounts show equity of €108k and a net result of €27k. Equity is growing by ~92.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 13417 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 €8k 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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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 →
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€108k▲ 33.8%
2024 · €81k
Total assets
€126k▼ 2.7%
2024 · €129k
Net result
€27k▼ 38.6%
2024 · €45k
Working capital
€49k▲ 7.7%
2024 · €45k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-20k-€15k€40k▲ 161%€59k▲ 47.6%€37k▼ 37.0%
Net result€-21k-€13k€36k▲ 167%€45k▲ 24.5%€27k▼ 38.6%
Equity€-13k-€538€36k▲ 6,646%€81k▲ 123%€108k▲ 33.8%
Total assets€27k-€41k▲ 56.0%€99k▲ 140%€129k▲ 30.3%€126k▼ 2.7%
Debt€39k-€41k▲ 3.7%€63k▲ 54.2%€49k▼ 22.9%€18k▼ 63.4%
Working capital€940-€-2k€14k€45k▲ 236%€49k▲ 7.7%
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 €126k
Fixed assets
€64k ▲ 31.0%
Current assets
€62k ▼ 23.3%
Equity and liabilities €126k
Equity
€108k ▲ 33.8%
Debt
€18k ▼ 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
€55k▼
2024 · €72k
Cash flow
€46k▼
2024 · €58k
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
€13k▼
2024 · €35k
Debt > 1 year
€5k▼
2024 · €12k
Income taxes
€10k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
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 | €2k | €2k | €8k | €13k | €18k | ▲ 36.7% |
| Other operating charges640/8 | - | €372 | €5k | €502 | €385 | ▼ 23.1% |
| Gross operating margin9900 | €-17k | €18k | €53k | €73k | €56k | ▼ 23.4% |
| Operating profit (loss)9901 | €-20k | €15k | €40k | €59k | €37k | ▼ 37.0% |
| Financial income75/76B | - | €14 | €55 | €282 | €1k | ▲ 340% |
| Recurring financial income75 | €45 | €14 | €55 | €282 | €1k | ▲ 340% |
| Financial charges65/66B | - | €2k | €2k | €2k | €1k | ▼ 45.3% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €1k | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | €-21k | €13k | €38k | €57k | €37k | ▼ 34.8% |
| Income taxes67/77 | - | - | €2k | €12k | €10k | ▼ 21.0% |
| Profit (loss) for the period9904 | €-21k | €13k | €36k | €45k | €27k | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €13k | €36k | €45k | €27k | ▼ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €41k | €99k | €129k | €126k | ▼ 2.7% |
| Fixed assets21/28 | €5k | €15k | €54k | €49k | €64k | ▲ 31.0% |
| Tangible fixed assets22/27 | €5k | €15k | €53k | €48k | €64k | ▲ 33.9% |
| Land and buildings22 | - | €4k | €4k | €3k | €3k | ▼ 13.1% |
| Plant, machinery and equipment23 | - | €4k | €30k | €30k | €21k | ▼ 28.9% |
| Furniture and vehicles24 | - | €4k | €4k | €3k | €1k | ▼ 59.2% |
| Leasing and similar rights25 | - | - | €13k | €9k | €6k | ▼ 32.8% |
| Other tangible fixed assets26 | - | €3k | €3k | €2k | €32k | ▲ 1,293% |
| Financial fixed assets28 | €46 | €46 | €1k | €1k | €46 | ▼ 95.8% |
| Current assets29/58 | €22k | €26k | €45k | €80k | €62k | ▼ 23.3% |
| Amounts receivable within one year40/41 | €2k | €1k | €6k | €26k | €25k | ▼ 2.9% |
| Trade receivables40 | - | €1k | €6k | €5k | €2k | ▼ 48.2% |
| Other amounts receivable41 | - | €0 | €522 | €21k | €23k | ▲ 7.4% |
| Cash at bank and in hand54/58 | €18k | €24k | €39k | €53k | €34k | ▼ 35.4% |
| Deferred charges and accrued income490/1 | - | €755 | €0 | €2k | €2k | ▲ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €41k | €99k | €129k | €126k | ▼ 2.7% |
| Equity10/15 | €-13k | €538 | €36k | €81k | €108k | ▲ 33.8% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | - | - | - | - | €27k | - |
| Distributable reserves133 | - | - | - | - | €27k | - |
| Profit (loss) carried forward14 | €-21k | €-7k | €28k | €73k | €73k | = |
| Amounts payable17/49 | €39k | €41k | €63k | €49k | €18k | ▼ 63.4% |
| Amounts payable after more than one year17 | €19k | €13k | €24k | €12k | €5k | ▼ 62.6% |
| Financial debts170/4 | - | €13k | €24k | €12k | €5k | ▼ 62.6% |
| Amounts payable within one year42/48 | €21k | €28k | €32k | €35k | €13k | ▼ 63.5% |
| Current portion of amounts payable after more than one year42 | - | €6k | €11k | €12k | €8k | ▼ 34.8% |
| Trade debts44 | €4k | €10k | €5k | €5k | €5k | ▼ 7.8% |
| Suppliers440/4 | - | €10k | €5k | €5k | €5k | ▼ 7.8% |
| Advances received on contracts in progress46 | - | - | - | €335 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €789 | €5k | €18k | €220 | ▼ 98.7% |
| Taxes450/3 | - | €789 | €5k | €18k | €220 | ▼ 98.7% |
| Other amounts payable47/48 | - | €11k | €10k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €220 | €7k | €1k | €353 | ▼ 70.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €13k | €36k | €45k | €27k | ▼ 38.6% |
| + Depreciation and write-downs630 | €2k | €2k | €8k | €13k | €18k | ▲ 36.7% |
| Operating cash flow (approximation) | €-19k | €16k | €44k | €58k | €46k | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | €-13k | €-47k | €-9k | €-34k | ▼ 292% |
| Change in cash | - | €6k | €15k | €14k | €-19k | ▼ 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.
More with these figures Sector benchmark What changed Value indication
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 €35k to €13k.
30-09
Financial
Equity above €100kEq €108k ▲33.8%
4 profitable years in a row build equity to €108k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €45k ▲24.5%
Operating result €59k, net result €45k, 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 €13k
Net result €13k 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 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,472 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
Scores and ratios are computed by Checked and are not a credit decision.