JG PROJECTS
ActiveSummary
JG PROJECTS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €-36k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
cash: 87.5% of total assets, and 0% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-36k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
84 d late
2022
29 d late
2021
29 d late
2020
23 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Turnover
€19k▼ 47.1%
2018 · €35k
EBIT margin
-895.5%▼ 846.3pp
2018 · -49.2%
Net result
€-36k▲ 59.4%
2024 · €-88k
Working capital
€127k▼ 26.4%
2022 · €173k
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
Turnover
Operating result€-852k▼ 325%€-165k▲ 80.7%€-68k▲ 59.0%€-89k▼ 31.2%€-52k▲ 40.9%
Net result€130k▲ 664%€-151k€-54k▲ 64.1%€-88k▼ 62.4%€-36k▲ 59.4%
EBIT margin
Equity€532k▲ 390%€381k▼ 28.3%€327k▼ 14.2%€239k▼ 26.8%€204k▼ 14.9%
Total assets€938k▲ 49.0%€385k▼ 59.0%€329k▼ 14.4%€239k▼ 27.3%€204k▼ 14.9%
Debt€406k▼ 22.1%€3k▼ 99.2%€2k▼ 35.6%
Working capital€316k▲ 274%€173k▼ 45.2%€127k▼ 26.4%
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 €52k in 2025 against €89k in 2024; the loss shrinks.
Key figures and ratios
Solvency
100.0%=
2024 · 100.0%
ROE
-17.5%▲
2024 · -36.7%
ROA
-17.5%▲
2024 · -36.7%
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | €8k | - | - |
| Gross operating margin9900 | €-845k | €-157k | €-60k | €-81k | €-52k | ▲ 35.1% |
| Operating profit (loss)9901 | €-852k | €-165k | €-68k | €-89k | €-52k | ▲ 40.9% |
| Financial income75/76B | €983k | €17k | €14k | €1k | €17k | ▲ 1,352% |
| Recurring financial income75 | €14k | €17k | €14k | €1k | €3k | ▲ 178% |
| Non-recurring financial income76B | €969k | - | - | - | €14k | - |
| Financial charges65/66B | €294 | €3k | €251 | €237 | €169 | ▼ 28.7% |
| Recurring financial charges65 | €294 | €3k | €251 | €237 | €169 | ▼ 28.7% |
| Profit (loss) for the period before taxes9903 | €130k | €-151k | €-54k | €-88k | €-36k | ▲ 59.4% |
| Profit (loss) for the period9904 | €130k | €-151k | €-54k | €-88k | €-36k | ▲ 59.4% |
| Profit (loss) for the period to be appropriated9905 | €130k | €-151k | €-54k | €-88k | €-36k | ▲ 59.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €938k | €385k | €329k | €239k | €204k | ▼ 14.9% |
| Fixed assets21/28 | €216k | €208k | €200k | €191k | - | - |
| Tangible fixed assets22/27 | €208k | €200k | €192k | €185k | - | - |
| Land and buildings22 | €208k | €200k | €192k | €185k | - | - |
| Financial fixed assets28 | €8k | €8k | €7k | €6k | - | - |
| Current assets29/58 | €722k | €176k | €129k | €49k | €204k | ▲ 319% |
| Amounts receivable within one year40/41 | €8k | €10k | €14k | €23k | €25k | ▲ 10.1% |
| Trade receivables40 | €4k | €4k | €4k | €4k | - | - |
| Other amounts receivable41 | €4k | €7k | €11k | €20k | €25k | ▲ 30.3% |
| Cash at bank and in hand54/58 | €714k | €166k | €115k | €26k | €178k | ▲ 599% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €938k | €385k | €329k | €239k | €204k | ▼ 14.9% |
| Equity10/15 | €532k | €381k | €327k | €239k | €204k | ▼ 14.9% |
| Contributions10/11 | €122k | €122k | €122k | €122k | €122k | = |
| Capital10 | €122k | €122k | €122k | - | - | - |
| Issued capital100 | €129k | €129k | €129k | - | - | - |
| Uncalled capital101 | €6k | €6k | €6k | - | - | - |
| Reserves13 | €293k | €293k | €293k | €293k | €293k | = |
| Tax-exempt reserves132 | €293k | €293k | €293k | €293k | €293k | = |
| Profit (loss) carried forward14 | €116k | €-35k | €-89k | €-176k | €-212k | ▼ 20.2% |
| Amounts payable17/49 | €406k | €3k | €2k | - | - | - |
| Amounts payable within one year42/48 | €406k | €3k | €2k | - | - | - |
| Trade debts44 | €320 | €3k | €2k | - | - | - |
| Suppliers440/4 | €320 | €3k | €2k | - | - | - |
| Taxes, remuneration and social security45 | €94k | - | - | - | - | - |
| Taxes450/3 | €94k | - | - | - | - | - |
| Other amounts payable47/48 | €312k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130k | €-151k | €-54k | €-88k | €-36k | ▲ 59.4% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | €8k | - | - |
| Operating cash flow (approximation) | €138k | €-143k | €-46k | €-80k | €-36k | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | €0 | €500 | €1k | - | - |
| Change in cash | - | €-548k | €-51k | €-89k | €153k | ▲ 271% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-151k
Net result drops to €-151k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 29current ratio 52.17
Current ratio from 1.78 to 52.17; short-term debt falls from €406k to €3k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €130k ▲664%
Net result €130k, the highest in the series.
31-12
Financial
Equity above €500kEq €532k ▲390%
4 profitable years in a row build equity to €532k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Equity above €100kEq €109k ▲18.6%
3 profitable years in a row build equity to €109k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 108 days late
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 136 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Koksijde · 1 establishment unit since 2008
Ground area
1,249 m²
Building footprint
269 m²
Volume, LiDAR
891 m³
Parcel 38018B0583/00_000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
JG PROJECTS
since 20082.170.369.753
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0583/00_000 | Flanders | 1,249 m² | 1 · 269 m² | 5.1 m · 1 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.
Similar companies · same sector, comparable size
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SOLID LUMMEN
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Lummen · Eq €204,328
Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,327 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
Founded21-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70100Activities of head offices
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.