Checked.be
Active
BE 0875.786.274Private limited company
JF-project
Kruisstraat(HSD) 20 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 21 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
JF-project has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.72M and a net result of €207k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 8388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €3.72M |
| Net result | €207k |
| Better than sector | 81% |
| Active | 21 yrs |
Financial profile
73
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
28
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€320k
estimate, not credit advice
Score history
85
2021
83
2022
65
2023
100
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 18.89 (≥ 1.5)
+10
Quick ratio
Quick ratio 18.89 (≥ 1.0)
+5
Leverage
Debt/equity 0.17 (< 1.0)
+10
Profitability
ROE 6%
+3
Interest coverage
Interest coverage 11.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~47% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 85.3% | 53.1% | |
| Net result | €207k | €38k | |
| Equity | €3.72M | €354k | |
| Gross operating margin | €355k | €87k | |
| Total assets | €4.36M | €923k |
€343k
+17.8%
21-25
€207k
-59.6%
21-25
€330k
-48.3%
21-25
€4.36M
+3.5%
21-25
€3.72M
+5.9%
21-25
€3.78M
+16.4%
21-25
€111k
-8.5%
21-25
€0
-100.0%
21-25
€642k
-8.6%
21-25
€211k
-8.6%
21-25
€431k
-8.5%
21-25
18.89
+25.6%
21-25
18.89
+25.6%
21-25
85.3%
+2.3%
21-25
0.17
-13.7%
21-25
5.6%
-61.9%
21-25
4.8%
-61.0%
21-25
11.33
-12.3%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €343k | €291k | €193k | €158k | €118k |
| Net profit | €207k | €513k | €218k | €1.79M | €950k |
| Cash flow | €330k | €638k | €316k | €1.96M | €1.03M |
| Staff costs | - | - | - | - | - |
| Income taxes | €111k | €122k | €75k | €210k | €11k |
| Dividends | - | €0 | €418k | €522k | - |
| Total assets | €4.36M | €4.22M | €3.66M | €3.66M | €3.01M |
| Equity | €3.72M | €3.51M | €3.00M | €3.20M | €2.45M |
| Debt | €642k | €702k | €657k | €455k | €555k |
| of which ≤ 1y | €211k | €231k | €259k | €238k | €97k |
| of which > 1y | €431k | €471k | €397k | €216k | €458k |
| Working capital | €3.78M | €3.24M | €2.70M | €2.65M | €1.24M |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 18.89 | 15.04 | 11.43 | 12.13 | 13.74 |
| Quick ratio | 18.89 | 15.04 | 11.43 | 12.13 | 13.74 |
| Working capital ratio | 86.6% | 76.9% | 73.9% | 72.4% | 41.2% |
| Solvency | 85.3% | 83.3% | 82.0% | 87.6% | 81.5% |
| Debt / equity | 0.17 | 0.20 | 0.22 | 0.14 | 0.19 |
| Long-term debt ratio | 0.12 | 0.13 | 0.13 | 0.07 | 0.19 |
| Interest coverage | 11.33 | 12.92 | -1.77 | 1.22 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.8% | 12.2% | 6.0% | 49.0% | 31.6% |
| ROE | 5.6% | 14.6% | 7.3% | 56.0% | 38.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €4.36M | €4.22M | €3.66M | €3.66M | €3.01M |
| Fixed assets | 21/28 | €374k | €741k | €696k | €770k | €1.67M |
| Tangible fixed assets | 22/27 | €343k | €708k | €663k | €737k | €597k |
| Financial fixed assets | 28 | €31k | €33k | €33k | €33k | €1.07M |
| Current assets | 29/58 | €3.99M | €3.48M | €2.96M | €2.89M | €1.33M |
| Amounts receivable within one year | 40/41 | €44k | €37k | €45k | €1.03M | €371k |
| Investments | 50/53 | €3.43M | €2.91M | €1.81M | €1.69M | €425k |
| Cash & bank | 54/58 | €34k | €84k | €73k | €155k | €533k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.36M | €4.22M | €3.66M | €3.66M | €3.01M |
| Equity | 10/15 | €3.72M | €3.51M | €3.00M | €3.20M | €2.45M |
| Contributions / capital | 10/11 | €515k | €515k | €515k | €515k | - |
| Reserves | 13 | €2.73M | €2.52M | €2.01M | €2.21M | €465k |
| Accumulated profits (losses) | 14 | €475k | €475k | €475k | €475k | €950k |
| Amounts payable | 17/49 | €642k | €702k | €657k | €455k | €555k |
| Amounts payable after one year | 17 | €431k | €471k | €397k | €216k | €458k |
| Amounts payable within one year | 42/48 | €211k | €231k | €259k | €238k | €97k |
| Trade debts payable within one year | 44 | €12k | €33k | €15k | €8k | €9k |
| Income statement | ||||||
| Gross operating margin | 9900 | €355k | €302k | €202k | €184k | €126k |
| Operating result | 9901 | €220k | €166k | €95k | €-14k | €41k |
| Financial income | 75 | €129k | €491k | €90k | €2.15M | €300k |
| Financial charges | 65 | €30k | €23k | €-109k | €130k | €14k |
| Result before taxes | 9903 | €319k | €635k | €293k | €2.00M | €327k |
| Income taxes | 67/77 | €111k | €122k | €75k | €210k | €11k |
| Net result for the period | 9904 | €207k | €513k | €218k | €1.79M | €317k |
| Result to be appropriated | 9905 | €207k | €513k | €218k | €1.79M | €317k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 31-08-2005 |
| Status | Active |
| Postal code | 9120 |
Ownership & control
JF-projectBE 0875.786.274
controls
Where this company holds controlthis company sits on their board1
1 location
Establishment units
JF-project
since 20052.149.767.547
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46009A0264/00H000 | Flanders | 699 m² | 1 · 180 m² | 6.5 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €207k ▼59.6%
Net result drops to €207k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €1.79M ▲88.7%
Net result €1.79M, the highest in the series.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting7022074142Specialised construction activities43343Other building finishing work43350
Names & trade names
| Legal nameNL | JF-project |
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