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JH PROCESS ENGINEERING

Active
Private limited companyfounded 20223 yrs activeRue Jean Daubignies 2, 7061 Soignies, BelgiumKBO/BCE: BE 0793.974.395
Summary

JH PROCESS ENGINEERING has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €18k. Its solvency ranks better than 84% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability89▼-11
Solvency100▲+11
Growth52
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.33 against 2.73 in 2023; short-term debt: 15.4% and cash: 39.5% of total assets), and 15.4% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
22 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

On 25 November 2022, JH PROCESS ENGINEERING was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€95k▲ 24.0%
2023 · €77k
Total assets
€112k▼ 6.8%
2023 · €121k
Net result
€18k▼ 75.7%
2023 · €76k
Working capital
€92k▲ 21.4%
2023 · €76k
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
Line20232024
Operating result€108k-€29k▼ 73.6%
Net result€76k-€18k▼ 75.7%
Equity€77k-€95k▲ 24.0%
Total assets€121k-€112k▼ 6.8%
Debt€44k-€17k▼ 60.5%
Working capital€76k-€92k▲ 21.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100kOperating result 2023: €108k€108kNet result 2023: €76k€76kOperating result 2024: €29k€29kNet result 2024: €18k€18k20232024€0€50k€100kOperating result 2023: €108k€108kNet result 2023: €76k€76kOperating result 2024: €29k€29kNet result 2024: €18k€18k20232024
The operating result falls in 2024; 2024 is 74% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €112k
Fixed assets €3k ▲ 383%
Current assets €110k ▼ 8.5%
Equity and liabilities €112k
Equity €95k ▲ 24.0%
Debt €17k ▼ 60.5%
Debt's share of the balance-sheet total falls from 36.4% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€29k▼
2023 · €108k
Cash flow
€19k▼
2023 · €76k
Current ratio
6.33▲
2023 · 2.73
Debt to equity
0.18▼
2023 · 0.57
ROE
19.4%▼
2023 · 98.7%
ROA
16.4%▼
2023 · 62.8%
Interest coverage
10.92▼
2023 · 33.86
Debt ≤ 1 year
€17k▼
2023 · €44k
Income taxes
€8k▼
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€121k€112k▼
Fixed assets21/28€549€3k▲
Tangible fixed assets22/27€549€3k▲
Furniture and vehicles24€549€3k▲
Current assets29/58€120k€110k▼
Amounts receivable within one year40/41€20k€14k▼
Trade receivables40€19k€14k▼
Other amounts receivable41€764-
Current investments50/53-€45k
Cash at bank and in hand54/58€90k€44k▼
Deferred charges and accrued income490/1€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€121k€112k▼
Equity10/15€77k€95k▲
Contributions10/11€1k€1k=
Reserves13€76k€94k▲
Distributable reserves133€76k€94k▲
Amounts payable17/49€44k€17k▼
Amounts payable within one year42/48€44k€17k▼
Trade debts44€2k€366▼
Suppliers440/4€1k€366▼
Bills of exchange payable441€1k-
Taxes, remuneration and social security45€42k€15k▼
Taxes450/3€39k€15k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48-€2k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70€254▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€109k€30k▼
Operating profit (loss)9901€108k€29k▼
Financial income75/76B€25-
Recurring financial income75€25-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€105k€26k▼
Income taxes67/77€29k€8k▼
Profit (loss) for the period9904€76k€18k▼
Profit (loss) for the period to be appropriated9905€76k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€18k▼
Transfer to equity691/2€76k€18k▼
To other reserves6921€76k€18k▼

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

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70€254▲ 262%
Other operating charges640/8€1k€1k▲ 8.6%
Gross operating margin9900€109k€30k▼ 72.6%
Operating profit (loss)9901€108k€29k▼ 73.6%
Financial income75/76B€25--
Recurring financial income75€25--
Financial charges65/66B€3k€3k▼ 17.4%
Recurring financial charges65€3k€3k▼ 17.4%
Profit (loss) for the period before taxes9903€105k€26k▼ 75.3%
Income taxes67/77€29k€8k▼ 74.3%
Profit (loss) for the period9904€76k€18k▼ 75.7%
Profit (loss) for the period to be appropriated9905€76k€18k▼ 75.7%
Line20232024Change
Assets
Total assets20/58€121k€112k▼ 6.8%
Fixed assets21/28€549€3k▲ 383%
Tangible fixed assets22/27€549€3k▲ 383%
Furniture and vehicles24€549€3k▲ 383%
Current assets29/58€120k€110k▼ 8.5%
Amounts receivable within one year40/41€20k€14k▼ 30.9%
Trade receivables40€19k€14k▼ 28.1%
Other amounts receivable41€764--
Current investments50/53-€45k-
Cash at bank and in hand54/58€90k€44k▼ 50.7%
Deferred charges and accrued income490/1€10k€7k▼ 33.7%
Equity and liabilities
Total equity and liabilities10/49€121k€112k▼ 6.8%
Equity10/15€77k€95k▲ 24.0%
Contributions10/11€1k€1k=
Reserves13€76k€94k▲ 24.3%
Distributable reserves133€76k€94k▲ 24.3%
Amounts payable17/49€44k€17k▼ 60.5%
Amounts payable within one year42/48€44k€17k▼ 60.5%
Trade debts44€2k€366▼ 84.0%
Suppliers440/4€1k€366▼ 66.1%
Bills of exchange payable441€1k--
Taxes, remuneration and social security45€42k€15k▼ 64.6%
Taxes450/3€39k€15k▼ 61.9%
Remuneration and social security454/9€3k--
Other amounts payable47/48-€2k-
Line20232024Change
Profit (loss) for the period9904€76k€18k▼ 75.7%
+ Depreciation and write-downs630€70€254▲ 262%
Operating cash flow (approximation)€76k€19k▼ 75.4%
Investment in fixed assets (approximation)-€-2k-
Change in cash-€-46k-

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

2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity doublescurrent ratio 6.33
Current ratio from 2.73 to 6.33; short-term debt falls from €44k to €17k.
22-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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, Soignies · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,656 m²
Building footprint
161 m²
Volume, LiDAR
772 m³
Parcel 55006D0452/00F000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Jean Daubignies 2A, 7061 Soignies
Agents in non-specialised wholesale trade
since 20222.338.721.567
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55006D0452/00F000 Wallonia 1,656 m² 1 · 161 m² 6.7 m · 2 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

Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,226 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
Founded25-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail jacquemin.engineering@gmail.com

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