JH PROCESS ENGINEERING
ActiveSummary
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.
Credit check for your own amount and term
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 dateAge against the risk zone
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 →
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 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
22 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€95k▲ 24.0%
2023 · €77k
2023: €77k
2024: €95k▲ +24.0% vs 2023
2023 → 2024
Total assets
€112k▼ 6.8%
2023 · €121k
2023: €121k
2024: €112k▼ -6.8% vs 2023
2023 → 2024
Net result
€18k▼ 75.7%
2023 · €76k
2023: €76k
2024: €18k▼ -75.7% vs 2023
2023 → 2024
Working capital
€92k▲ 21.4%
2023 · €76k
2023: €76k
2024: €92k▲ +21.4% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€77k-€95k▲ 24.0%
2023: €77k
2024: €95k▲ +24.0% vs 2023
Operating result€108k-€29k▼ 73.6%
2023: €108k
2024: €29k▼ -73.6% vs 2023
Net result€76k-€18k▼ 75.7%
2023: €76k
2024: €18k▼ -75.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
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
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.
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.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| 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% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| 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 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| 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.
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
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
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
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DAMIEN RENCHON
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WAVICAN
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LAUKEN
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Middelkerke · Eq €95,217
Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 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.