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JB’S PROJECTS

Active
Private limited companyfounded 20251 yr activeWinston Churchilllaan 259, 1180 Ukkel, BelgiumKBO/BCE: BE 1020.751.586
Summary

The computed 12-month bankruptcy probability of JB’S PROJECTS is 4.9% (elevated). The 2025 annual accounts show negative equity (-€11,094) and a net result of -€12,594. Its solvency ranks better than 9% of 10645 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency1
Growth-
Track record67
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64; short-term debt: 123.8% and cash: 14.2% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-23.8%
Return on assets
-27.1%
Age of the figures
9 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
27 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

JB’S PROJECTS was incorporated on 6 March 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€11,094
Total assets
€46,522
Net result
-€12,594
Working capital
-€20,918

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

Balance-sheet composition
Assets €46,522
Fixed assets €9,824
Current assets €36,698
Equity and liabilities
Equity-€11,094
Debt€57,616
Equity is negative: debt (€57,616) exceeds the balance-sheet total (€46,522).
Key figures and ratios
2025 value
EBITDA
-€9,086
Cash flow
-€9,568
Solvency
-23.8%
Current ratio
0.64
Quick ratio
0.12
ROA
-27.1%
Interest coverage
-18.85
Debt
€57,616
Debt ≤ 1 year
€57,616
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90% still going

For this company itself Checked computes a bankruptcy probability of 4.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 1,322 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
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€46,522
Fixed assets21/28€9,824
Intangible fixed assets21€9,824
Current assets29/58€36,698
Stocks and contracts in progress3€30,000
Stocks30/36€30,000
Amounts receivable within one year40/41€100
Trade receivables40€3
Other amounts receivable41€98
Cash at bank and in hand54/58€6,597
Equity and liabilities
Total equity and liabilities10/49€46,522
Equity10/15-€11,094
Contributions10/11€1,500
Profit (loss) carried forward14-€12,594
Amounts payable17/49€57,616
Amounts payable within one year42/48€57,616
Trade debts44€182
Suppliers440/4€182
Other amounts payable47/48€57,434
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,026
Other operating charges640/8€400
Gross operating margin9900-€8,686
Operating profit (loss)9901-€12,112
Financial charges65/66B€482
Recurring financial charges65€482
Profit (loss) for the period before taxes9903-€12,594
Profit (loss) for the period9904-€12,594
Profit (loss) for the period to be appropriated9905-€12,594
Appropriation of the result
Profit (loss) to be appropriated9906-€12,594

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,026
Other operating charges640/8€400
Gross operating margin9900-€8,686
Operating profit (loss)9901-€12,112
Financial charges65/66B€482
Recurring financial charges65€482
Profit (loss) for the period before taxes9903-€12,594
Profit (loss) for the period9904-€12,594
Profit (loss) for the period to be appropriated9905-€12,594
Line2025
Assets
Total assets20/58€46,522
Fixed assets21/28€9,824
Intangible fixed assets21€9,824
Current assets29/58€36,698
Stocks and contracts in progress3€30,000
Stocks30/36€30,000
Amounts receivable within one year40/41€100
Trade receivables40€3
Other amounts receivable41€98
Cash at bank and in hand54/58€6,597
Equity and liabilities
Total equity and liabilities10/49€46,522
Equity10/15-€11,094
Contributions10/11€1,500
Profit (loss) carried forward14-€12,594
Amounts payable17/49€57,616
Amounts payable within one year42/48€57,616
Trade debts44€182
Suppliers440/4€182
Other amounts payable47/48€57,434
Line2025
Profit (loss) for the period9904-€12,594
+ Depreciation and write-downs630€3,026
Operating cash flow (approximation)-€9,568

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 2 establishment units since 2025
seat establishment All 2 establishment units on the map
Ground area
3,936 m²
Building footprint
1,230 m²
Volume, LiDAR
17,808 m³
2 parcels, Brussels, Wallonia · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
JB’S PROJECTS
Allée du Chevreuil 6, 1410 WaterlooManufacture of chemicals and chemical products
since 20252.371.511.131
Winston Churchilllaan 259, 1180 Ukkel
Manufacture of chemicals and chemical products
since 20252.375.363.318
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25763I0327/00F000 Wallonia 2,285 m² 1 · 212 m² 7.6 m · 2 fl.
21612C0056/02F088 Brussels 1,651 m² 1 · 1,019 m² 22.5 m · 6 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,073 companies in this sector we hold annual accounts for 517. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded06-03-2025
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
20420Manufacture of chemicals and chemical products
46450Wholesale of perfume and cosmetics
E-invoicing
Reachable via Peppol
Peppol ID 0208:1020751586
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.