Jelani Projects

Active

Private limited companyfounded 20179 yrs activeMarie-Joséplein 6, 8400 Oostende, BelgiumKBO/BCE: BE 0669.586.149

The computed 12-month bankruptcy probability of Jelani Projects is 4.1% (elevated). The 2025 annual accounts show negative equity (€-120k) and a net result of €-24k. Equity is shrinking by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 13240 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

23 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability7▲+7

Solvency0=

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

4.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.32 against 0.5 in 2024; short-term debt: 94.3% and cash: 28.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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

-57.3%

Return on assets

-11.7%

Age of the figures

18 mo

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

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

18192021222425

2018 to 2025 · latest year €-120k

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 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 · 7 filings

Deviation from the deadline

2025

27 d late

2024

1 d early

2022

2 d early

2021

5 d early

2020

4 d early

2019

20 d early

2018

34 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close20-09-2026 today31-10-2026 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€-120k▼ 25.6%

2024 · €-95k

2018: €-37k 2019: €-45k 2020: €-44k 2021: €11k 2022: €22k 2024: €-95k

2018 → 2025

Total assets

€209k▼ 10.2%

2024 · €233k

2018: €195k 2019: €210k 2020: €216k 2021: €272k 2022: €258k 2024: €233k

2018 → 2025

Net result

€-24k▲ 79.2%

2024 · €-118k

2018: €-51k 2019: €-8k 2020: €2k 2021: €50k 2022: €11k 2024: €-118k

2018 → 2025

Working capital

€-133k▼ 50.7%

2024 · €-88k

2018: €-71k 2019: €-34k 2020: €-55k 2021: €10k 2022: €-21k 2024: €-88k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220242025Trend

Equity€-44k-€11k€22k▲ 108%€-95k€-120k▼ 25.6%

Operating result€12k-€57k▲ 379%€24k▼ 58.9%€-102k€-12k▲ 87.9%

Net result€2k-€50k▲ 2,926%€11k▼ 76.9%€-118k€-24k▲ 79.2%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €12k in 2025 against €102k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €209k

69.4%

30.6%

Fixed assets €145k▼ 0.6%

Current assets €64k▼ 26.2%

Key figures and ratios

2025 value · change against 2024

EBITDA

€5k▲

2024 · €-62k

Cash flow

€-7k▲

2024 · €-77k

Solvency

-57.3%▼

2024 · -41.0%

Current ratio

0.32▼

2024 · 0.50

Quick ratio

0.31▼

2024 · 0.47

Debt / equity

-2.75▲

2024 · -3.44

ROA

-11.7%▲

2024 · -50.5%

Interest coverage

0.38▲

2024 · -3.96

Debt

€329k▲

2024 · €328k

Debt ≤ 1 year

€197k▲

2024 · €175k

Debt > 1 year

€132k▼

2024 · €153k

Staff costs

€170k▼

2024 · €213k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€233k€209k▼

Fixed assets21/28€146k€145k▼

Intangible fixed assets21€3k€2k▼

Tangible fixed assets22/27€131k€130k▼

Plant, machinery and equipment23€8k€10k▲

Furniture and vehicles24€0-

Other tangible fixed assets26€123k€119k▼

Financial fixed assets28€12k€13k▲

Current assets29/58€87k€64k▼

Stocks and contracts in progress3€4k€3k▼

Stocks30/36€4k€3k▼

Amounts receivable within one year40/41€3k€1k▼

Trade receivables40€2k€1k▼

Other amounts receivable41€1k€0▼

Cash at bank and in hand54/58€80k€60k▼

Equity and liabilities

Total equity and liabilities10/49€233k€209k▼

Equity10/15€-95k€-120k▼

Contributions10/11€19k€19k=

Reserves13€0-

Distributable reserves133€0-

Profit (loss) carried forward14€-114k€-138k▼

Amounts payable17/49€328k€329k▲

Amounts payable after more than one year17€153k€132k▼

Financial debts170/4€70k€49k▼

Other amounts payable178/9€83k€83k▼

Amounts payable within one year42/48€175k€197k▲

Current portion of amounts payable after more than one year42€29k€40k▲

Trade debts44€81k€94k▲

Suppliers440/4€81k€94k▲

Taxes, remuneration and social security45€41k€63k▲

Taxes450/3€21k€47k▲

Remuneration and social security454/9€20k€16k▼

Other amounts payable47/48€25k€737▼

Income statement Code20242025

Remuneration, social security and pensions62€213k€170k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€17k▼

Other operating charges640/8€4k€11k▲

Gross operating margin9900€156k€186k▲

Operating profit (loss)9901€-102k€-12k▲

Financial income75/76B€1€267▲

Recurring financial income75€1€267▲

Financial charges65/66B€16k€12k▼

Recurring financial charges65€16k€12k▼

Profit (loss) for the period before taxes9903€-118k€-24k▲

Profit (loss) for the period9904€-118k€-24k▲

Profit (loss) for the period to be appropriated9905€-118k€-24k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-118k€-138k▼

Profit (loss) brought forward from the previous period14P€0€-114k▼

Transfer from equity791/2€3k€0▼

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 3Filings 7

Next filing, fiscal year 2026, expected by 31-10-2026

2025

27-11

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2024

30-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

31-03

Financial Weakest financial yearnet €-118k ▼1126%

Net result drops to €-118k, the lowest in the series; recovery starts the following year.

2023

28-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

25-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Highest result since 2018net €50k ▲2926%

Operating result €57k, net result €50k, both a record.

26-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-09

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

10-04

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

27-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Oostende · 2 establishment units since 2017

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Marie-Joséplein 68400 Oostende

Ground area

217 m²

Building footprint

176 m²

Volume, LiDAR

2,279 m³

2 parcels, Flanders · tallest building 34.4 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

MUCCKA

Marie-Joséplein 6, 8400 OostendeFood and beverage service activities

since 20172.260.824.035

CIRCA 1929

Graaf de Smet de Naeyerlaan 70, 8400 OostendeGuest rooms (bed and breakfast)

since 20212.321.349.659

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35013A1630/00X002 ProtectedMonumentEnsemble van interbellumburgerhuizen en -appartementsgebouwenSource ↗	Flanders	152 m²	1 · 113 m²	24.3 m · 4 fl.
35013A1596/00C004	Flanders	65 m²	1 · 63 m²	34.4 m · 5 fl.