JM PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of JM PROJECTS is 2.3% (moderate). The 2025 annual accounts show equity of €853 and a net result of €25,991. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency26▲+26
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€853
2024 · -€25,138
Total assets
€71,136▲ 73.7%
2024 · €40,958
Net result
€25,991
2024 · -€11,463
Working capital
-€16,471▲ 58.2%
2024 · -€39,361
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
Operating result-€16,478--€2,687▲ 83.7%€7,008-€11,099€28,970
Net result-€17,332--€4,683▲ 73.0%€5,339-€11,463€25,991
Equity-€14,332--€19,014▼ 32.7%-€13,675▲ 28.1%-€25,138▼ 83.8%€853
Total assets€20,347-€35,803▲ 76.0%€38,965▲ 8.8%€40,958▲ 5.1%€71,136▲ 73.7%
Debt€34,679-€54,818▲ 58.1%€52,640▼ 4.0%€66,096▲ 25.6%€70,283▲ 6.3%
Working capital-€15,517--€26,587▼ 71.3%-€17,640▲ 33.7%-€39,361▼ 123%-€16,471▲ 58.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28,970 after a loss of €11,099 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,136
Fixed assets
€17,324 ▲ 21.8%
Current assets
€53,813 ▲ 101%
Equity and liabilities €71,136
Equity
€853
Debt
€70,283
Debt finances 98.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€33,388▲
2024 · -€6,408
Cash flow
€30,409▲
2024 · -€6,772
Current ratio
0.77▲
2024 · 0.40
Quick ratio
0.26▼
2024 · 0.40
ROA
36.5%▲
2024 · -28.0%
Interest coverage
15.69▲
2024 · -10.41
Debt ≤ 1 year
€70,283▲
2024 · €66,096
Income taxes
€1,518▲
2024 · €389
Equity ratios withheld: equity of €853 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 2,151 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 | - | €38 | €1,257 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €488 | €2,763 | €3,608 | €4,691 | €4,419 | ▼ 5.8% |
| Other operating charges640/8 | - | €575 | €763 | €1,332 | €655 | ▼ 50.8% |
| Gross operating margin9900 | -€15,553 | €651 | €11,379 | -€5,076 | €34,044 | ▲ 771% |
| Operating profit (loss)9901 | -€16,478 | -€2,687 | €7,008 | -€11,099 | €28,970 | ▲ 361% |
| Financial income75/76B | - | €63 | €143 | €641 | €668 | ▲ 4.2% |
| Recurring financial income75 | €280 | €63 | €143 | €641 | €668 | ▲ 4.2% |
| Financial charges65/66B | - | €1,698 | €1,437 | €616 | €2,129 | ▲ 246% |
| Recurring financial charges65 | €826 | €1,698 | €1,437 | €616 | €2,129 | ▲ 246% |
| Profit (loss) for the period before taxes9903 | -€17,024 | -€4,321 | €5,714 | -€11,074 | €27,508 | ▲ 348% |
| Income taxes67/77 | €308 | €361 | €374 | €389 | €1,518 | ▲ 290% |
| Profit (loss) for the period9904 | -€17,332 | -€4,683 | €5,339 | -€11,463 | €25,991 | ▲ 327% |
| Profit (loss) for the period to be appropriated9905 | -€17,332 | -€4,683 | €5,339 | -€11,463 | €25,991 | ▲ 327% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,347 | €35,803 | €38,965 | €40,958 | €71,136 | ▲ 73.7% |
| Fixed assets21/28 | €1,186 | €7,573 | €3,965 | €14,223 | €17,324 | ▲ 21.8% |
| Tangible fixed assets22/27 | €1,186 | €7,573 | €3,965 | €14,223 | €17,324 | ▲ 21.8% |
| Plant, machinery and equipment23 | - | €318 | €18 | €1,187 | €902 | ▼ 24.0% |
| Furniture and vehicles24 | - | €7,255 | €3,947 | €13,035 | €16,421 | ▲ 26.0% |
| Current assets29/58 | €19,161 | €28,231 | €35,000 | €26,735 | €53,813 | ▲ 101% |
| Stocks and contracts in progress3 | - | - | - | - | €35,395 | - |
| Stocks30/36 | - | - | - | - | €9,200 | - |
| Contracts in progress37 | - | - | - | - | €26,195 | - |
| Amounts receivable within one year40/41 | €13,205 | €17,703 | €22,108 | €22,055 | €10,362 | ▼ 53.0% |
| Trade receivables40 | - | €13,286 | €19,819 | €17,436 | €4,973 | ▼ 71.5% |
| Other amounts receivable41 | - | €4,417 | €2,289 | €4,619 | €5,389 | ▲ 16.7% |
| Cash at bank and in hand54/58 | €5,001 | €6,976 | €12,764 | €4,509 | €7,746 | ▲ 71.8% |
| Deferred charges and accrued income490/1 | - | €3,552 | €127 | €171 | €310 | ▲ 80.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,347 | €35,803 | €38,965 | €40,958 | €71,136 | ▲ 73.7% |
| Equity10/15 | -€14,332 | -€19,014 | -€13,675 | -€25,138 | €853 | ▲ 103% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€17,332 | -€22,014 | -€16,675 | -€28,138 | -€2,147 | ▲ 92.4% |
| Amounts payable17/49 | €34,679 | €54,818 | €52,640 | €66,096 | €70,283 | ▲ 6.3% |
| Amounts payable within one year42/48 | €34,679 | €54,818 | €52,640 | €66,096 | €70,283 | ▲ 6.3% |
| Trade debts44 | €1,178 | €16,897 | €10,269 | €12,325 | €19,977 | ▲ 62.1% |
| Suppliers440/4 | - | €16,897 | €10,269 | €12,325 | €19,977 | ▲ 62.1% |
| Taxes, remuneration and social security45 | - | €10,009 | €11,433 | €14,758 | €10,445 | ▼ 29.2% |
| Taxes450/3 | - | €4,009 | €6,133 | €13,658 | €9,345 | ▼ 31.6% |
| Remuneration and social security454/9 | - | €6,000 | €5,300 | €1,100 | €1,100 | = |
| Other amounts payable47/48 | - | €27,912 | €30,937 | €39,013 | €39,861 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,332 | -€4,683 | €5,339 | -€11,463 | €25,991 | ▲ 327% |
| + Depreciation and write-downs630 | €488 | €2,763 | €3,608 | €4,691 | €4,419 | ▼ 5.8% |
| Operating cash flow (approximation) | -€16,844 | -€1,919 | €8,947 | -€6,772 | €30,409 | ▲ 549% |
| Investment in fixed assets (approximation) | - | -€9,150 | €0 | -€14,950 | -€7,520 | ▲ 49.7% |
| Change in cash | - | €1,975 | €5,788 | -€8,256 | €3,237 | ▲ 139% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €25,991
Net result €25,991 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €5,339
Net result €5,339 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Geel · 1 establishment unit since 2020
Ground area
1,706 m²
Building footprint
183 m²
Volume, LiDAR
838 m³
Parcel 13374F0621/00A002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JM PROJECTS
since 20202.304.894.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374F0621/00A002 | Flanders | 1,706 m² | 1 · 183 m² | 6.6 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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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 858 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
Founded07-07-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749928378
Also
9925:BE0749928378
Registered
16-04-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.