JM PROJECTS
ActiveSummary
JM PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416,062 and a net result of €125,981. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 13.34 against 2.52 in 2024; short-term debt: 6.6% and cash: 63.7% of total assets), and 6.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.4%
Return on assets
28.3%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-02-2026, 164 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
164 d early
2024
160 d early
2023
7 d early
2022
34 d early
2021
2 d late
2020
151 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 84 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€416,062▲ 43.4%
2024 · €290,081
Total assets
€445,350▼ 0.4%
2024 · €447,272
Net result
€125,981▼ 8.7%
2024 · €137,918
Working capital
€361,461▲ 52.1%
2024 · €237,656
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€235,702▲ 87.5%€151,245▼ 35.8%€191,324▲ 26.5%€178,633▼ 6.6%€164,396▼ 8.0%
Net result€161,063above the sector's middle half▲ 68.6%€108,558above the sector's middle half▼ 32.6%€149,427above the sector's middle half▲ 37.6%€137,918above the sector's middle half▼ 7.7%€125,981above the sector's middle half▼ 8.7%
Equity€306,299above the sector's middle half▲ 111%€325,579above the sector's middle half▲ 6.3%€290,081above the sector's middle half▼ 10.9%€290,081above the sector's middle half=€416,062above the sector's middle half▲ 43.4%
Total assets€446,909above the sector's middle half▲ 8.6%€475,102above the sector's middle half▲ 6.3%€519,515above the sector's middle half▲ 9.3%€447,272above the sector's middle half▼ 13.9%€445,350above the sector's middle half▼ 0.4%
Debt€140,610▼ 47.2%€149,522▲ 6.3%€229,434▲ 53.4%€157,191▼ 31.5%€29,288▼ 81.4%
Working capital€305,964above the sector's middle half▲ 508%€301,649above the sector's middle half▼ 1.4%€215,291above the sector's middle half▼ 28.6%€237,656above the sector's middle half▲ 10.4%€361,461above the sector's middle half▲ 52.1%
Solvency68.5%within the sector's middle half▲ 33.2pp68.5%within the sector's middle half=55.8%within the sector's middle half▼ 12.7pp64.9%within the sector's middle half▲ 9.0pp93.4%above the sector's middle half▲ 28.6pp
Current ratio3.55within the sector's middle half▲ 2.303.02within the sector's middle half▼ 0.541.94within the sector's middle half▼ 1.082.52within the sector's middle half▲ 0.5813.34above the sector's middle half▲ 10.83
Return on assets (ROA)36.0%above the sector's middle half▲ 12.8pp22.8%within the sector's middle half▼ 13.2pp28.8%above the sector's middle half▲ 5.9pp30.8%above the sector's middle half▲ 2.1pp28.3%above the sector's middle half▼ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €445,350
Fixed assets
€54,601 ▲ 3.4%
Current assets
€390,748 ▼ 0.9%
Equity and liabilities €445,350
Equity
€416,062 ▲ 43.4%
Debt
€29,288 ▼ 81.4%
Debt's share of the balance-sheet total falls from 35.1% to 6.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189,026▼
2024 · €202,474
Cash flow
€150,610▼
2024 · €161,759
Debt to equity
0.07▼
2024 · 0.54
ROE
30.3%▼
2024 · 47.5%
Interest coverage
208.01▼
2024 · 2184.89
Debt ≤ 1 year
€29,288▼
2024 · €156,803
Income taxes
€42,514▲
2024 · €42,432
Staff costs
€2,220▲
2024 · €1,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €105,296 | €0 | €10,300 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €1,282 | €1,978 | €1,119 | €2,220 | ▲ 98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,354 | €16,553 | €8,034 | €23,841 | €24,629 | ▲ 3.3% |
| Other operating charges640/8 | €385 | €633 | €642 | €1,570 | €994 | ▼ 36.7% |
| Gross operating margin9900 | €266,440 | €169,713 | €201,979 | €205,163 | €192,239 | ▼ 6.3% |
| Operating profit (loss)9901 | €235,702 | €151,245 | €191,324 | €178,633 | €164,396 | ▼ 8.0% |
| Financial income75/76B | €161 | €3,173 | €5,359 | €1,810 | €5,008 | ▲ 177% |
| Recurring financial income75 | €161 | €3,173 | €5,359 | €1,810 | €5,008 | ▲ 177% |
| Financial charges65/66B | €1,048 | €1,188 | €1,138 | €93 | €909 | ▲ 881% |
| Recurring financial charges65 | €1,048 | €1,188 | €1,138 | €93 | €909 | ▲ 881% |
| Profit (loss) for the period before taxes9903 | €234,814 | €153,230 | €195,545 | €180,351 | €168,495 | ▼ 6.6% |
| Income taxes67/77 | €73,752 | €44,672 | €46,119 | €42,432 | €42,514 | ▲ 0.2% |
| Profit (loss) for the period9904 | €161,063 | €108,558 | €149,427 | €137,918 | €125,981 | ▼ 8.7% |
| Profit (loss) for the period to be appropriated9905 | €161,063 | €108,558 | €149,427 | €137,918 | €125,981 | ▼ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €446,909 | €475,102 | €519,515 | €447,272 | €445,350 | ▼ 0.4% |
| Fixed assets21/28 | €21,189 | €23,930 | €75,190 | €52,813 | €54,601 | ▲ 3.4% |
| Tangible fixed assets22/27 | €21,189 | €23,930 | €75,190 | €52,813 | €54,601 | ▲ 3.4% |
| Land and buildings22 | €0 | €2,907 | €2,257 | €1,607 | €25,367 | ▲ 1,479% |
| Plant, machinery and equipment23 | €7,956 | €4,636 | €3,296 | €3,159 | €2,505 | ▼ 20.7% |
| Furniture and vehicles24 | €13,234 | €16,387 | €69,637 | €48,047 | €26,728 | ▼ 44.4% |
| Current assets29/58 | €425,720 | €451,171 | €444,326 | €394,459 | €390,748 | ▼ 0.9% |
| Amounts receivable after more than one year29 | - | €160,000 | €160,000 | €0 | - | - |
| Other amounts receivable291 | - | €160,000 | €160,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €33,315 | €18,221 | €55,651 | €42,250 | €47,987 | ▲ 13.6% |
| Trade receivables40 | €30,405 | €8,661 | €35,310 | €28,612 | €30,118 | ▲ 5.3% |
| Other amounts receivable41 | €2,910 | €9,561 | €20,342 | €13,638 | €17,868 | ▲ 31.0% |
| Current investments50/53 | €102,000 | €160,700 | €102,000 | €130,000 | €59,133 | ▼ 54.5% |
| Cash at bank and in hand54/58 | €290,405 | €112,250 | €126,674 | €222,209 | €283,629 | ▲ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €446,909 | €475,102 | €519,515 | €447,272 | €445,350 | ▼ 0.4% |
| Equity10/15 | €306,299 | €325,579 | €290,081 | €290,081 | €416,062 | ▲ 43.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €287,699 | €306,979 | €271,481 | €271,481 | €397,462 | ▲ 46.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €285,839 | €305,119 | €271,481 | €271,481 | €397,462 | ▲ 46.4% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €140,610 | €149,522 | €229,434 | €157,191 | €29,288 | ▼ 81.4% |
| Amounts payable after more than one year17 | €20,854 | €0 | - | - | - | - |
| Financial debts170/4 | €20,854 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €119,756 | €149,522 | €229,034 | €156,803 | €29,288 | ▼ 81.3% |
| Current portion of amounts payable after more than one year42 | €47,428 | €20,854 | €0 | - | - | - |
| Trade debts44 | - | - | €322 | €1,857 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €322 | €1,857 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €72,328 | €88,516 | €25,900 | €17,028 | €29,288 | ▲ 72.0% |
| Taxes450/3 | €72,328 | €88,516 | €25,900 | €17,028 | €29,288 | ▲ 72.0% |
| Other amounts payable47/48 | €0 | €40,153 | €202,812 | €137,918 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €400 | €387 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €161,063 | €108,558 | €149,427 | €137,918 | €125,981 | ▼ 8.7% |
| + Depreciation and write-downs630 | €30,354 | €16,553 | €8,034 | €23,841 | €24,629 | ▲ 3.3% |
| Operating cash flow (approximation) | €191,416 | €125,112 | €157,460 | €161,759 | €150,610 | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€19,295 | -€59,293 | -€1,464 | -€26,418 | ▼ 1,705% |
| Change in cash | - | -€178,155 | €14,424 | €95,535 | €61,420 | ▼ 35.7% |
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
Next filing, fiscal year 2026, expected by
2026
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 13.34
Current ratio from 2.52 to 13.34; short-term debt falls from €156,803 to €29,288.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
12-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
12-12
State Gazette act
Board meeting · Power of attorney
Permanent representative · Representation rule
12-12
State Gazette act
Board meeting · Power of attorney
Permanent representative · Signing condition
12-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
12-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Show earlier events
2021
31-12
Financial
Highest result since 2018net €161,063 ▲68.6%
Operating result €235,702, net result €161,063, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.55
Current ratio from 1.25 to 3.55; short-term debt falls from €198,002 to €119,756.
31-12
Financial
Equity above €200,000Eq €306,299 ▲111%
4 profitable years in a row build equity to €306,299.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
11-12
State Gazette act
Board meeting · Power of attorney
Permanent representative · Delegation scope
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
09-01
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
2017
29-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mol · 1 establishment unit since 2014
Ground area
3,222 m²
Building footprint
344 m²
Volume, LiDAR
1,777 m³
Parcel 13434F1043/00P000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
JM PROJECTS
since 20142.237.130.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F1043/00P000 | Flanders | 3,222 m² | 1 · 344 m² | 5.9 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.
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LAKI
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HARD EIGHT
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Return on Quality
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Aalst · Eq €416,658
Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,429 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
Founded25-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
46190Agents in non-specialised wholesale trade
46900Non-specialised wholesale trade
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505792048
Also
9925:BE0505792048
Registered
02-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.