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JP Development

Bankruptcy
Private limited companyfounded 2021Doornstraat 76, 8200 Brugge, BelgiumKBO/BCE: BE 0766.888.334
Summary

The KBO register records for JP Development the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €68,424 and a net result of €24,620.

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8101 sector peers (2024).
NBB · sector comparison
Position among 8101 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
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 30-07-2025, 1 day ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
1 d early
2023
41 d early
2022
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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

JP Development was incorporated on 19 April 2021 as a Private limited company.1 Total assets rose from EUR 185,297 in 2022 to EUR 343,042 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Equity
€68,424▲ 56.2%
2023 · €43,805
Total assets
€343,042▲ 11.0%
2023 · €309,130
Net result
€24,620▲ 81.4%
2023 · €13,571
Working capital
-€194,929▼ 10.7%
2023 · -€176,129
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
Line202220232024
Operating result€40,812-€26,236▼ 35.7%€56,284▲ 115%
Net result€29,234-€13,571▼ 53.6%€24,620▲ 81.4%
Equity€30,234-€43,805▲ 44.9%€68,424▲ 56.2%
Total assets€185,297-€309,130▲ 66.8%€343,042▲ 11.0%
Debt€155,063-€265,325▲ 71.1%€274,618▲ 3.5%
Working capital€17,223--€176,129-€194,929▼ 10.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2023 Total assets +67% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2022: €40,812€40,812Net result 2022: €29,234€29,234Operating result 2023: €26,236€26,236Net result 2023: €13,571€13,571Operating result 2024: €56,284€56,284Net result 2024: €24,620€24,620202220232024€0€20,000€40,000€60,000Operating result 2022: €40,812€40,800Net result 2022: €29,234€29,200Operating result 2023: €26,236€26,200Net result 2023: €13,571€13,600Operating result 2024: €56,284€56,300Net result 2024: €24,620€24,600202220232024
The operating result recovers in 2024; 2024 is 115% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343,042
Fixed assets €297,135 ▲ 11.2%
Current assets €45,907 ▲ 9.3%
Equity and liabilities €343,042
Equity €68,424 ▲ 56.2%
Debt €274,618 ▲ 3.5%
Debt's share of the balance-sheet total falls from 85.8% to 80.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
0.19▼
2023 · 0.19
Debt to equity
4.01▼
2023 · 6.06
ROE
36.0%▲
2023 · 31.0%
ROA
7.2%▲
2023 · 4.4%
Debt ≤ 1 year
€240,836▲
2023 · €218,123
Debt > 1 year
€32,238▼
2023 · €47,202
Income taxes
€14,166▲
2023 · €4,259
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 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€309,130€343,042▲
Fixed assets21/28€267,135€297,135▲
Financial fixed assets28€267,135€297,135▲
Current assets29/58€41,994€45,907▲
Amounts receivable within one year40/41€23,770€32,668▲
Trade receivables40€23,770€8,053▼
Other amounts receivable41€0€24,615▲
Current investments50/53€11,275€11,275=
Cash at bank and in hand54/58€6,949€1,932▼
Deferred charges and accrued income490/1-€32
Equity and liabilities
Total equity and liabilities10/49€309,130€343,042▲
Equity10/15€43,805€68,424▲
Contributions10/11€1,000€1,000=
Reserves13€42,805€67,424▲
Distributable reserves133€42,805€67,424▲
Amounts payable17/49€265,325€274,618▲
Amounts payable after more than one year17€47,202€32,238▼
Financial debts170/4€47,202€32,238▼
Amounts payable within one year42/48€218,123€240,836▲
Current portion of amounts payable after more than one year42€14,242€14,964▲
Financial debts43€1,211€1,407▲
Credit institutions430/8€1,211€1,407▲
Trade debts44€26,877€18,435▼
Suppliers440/4€26,877€18,435▼
Taxes, remuneration and social security45€25,205€45,527▲
Taxes450/3€25,205€45,527▲
Other amounts payable47/48€150,589€160,504▲
Accrued charges and deferred income492/3-€1,543
Income statement Code20232024
Other operating charges640/8€698€2,107▲
Gross operating margin9900€26,934€58,391▲
Operating profit (loss)9901€26,236€56,284▲
Financial income75/76B€1€39▲
Recurring financial income75€1€39▲
Financial charges65/66B€8,407€17,538▲
Recurring financial charges65€8,407€17,538▲
Profit (loss) for the period before taxes9903€17,830€38,786▲
Income taxes67/77€4,259€14,166▲
Profit (loss) for the period9904€13,571€24,620▲
Profit (loss) for the period to be appropriated9905€13,571€24,620▲
Appropriation of the result
Profit (loss) to be appropriated9906€13,571€24,620▲
Transfer to equity691/2€13,571€24,620▲
To other reserves6921€13,571€24,620▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Other operating charges640/8€1,765€698€2,107▲ 202%
Gross operating margin9900€42,577€26,934€58,391▲ 117%
Operating profit (loss)9901€40,812€26,236€56,284▲ 115%
Financial income75/76B-€1€39▲ 2,712%
Recurring financial income75-€1€39▲ 2,712%
Financial charges65/66B€1,579€8,407€17,538▲ 109%
Recurring financial charges65€1,579€8,407€17,538▲ 109%
Profit (loss) for the period before taxes9903€39,234€17,830€38,786▲ 118%
Income taxes67/77€10,000€4,259€14,166▲ 233%
Profit (loss) for the period9904€29,234€13,571€24,620▲ 81.4%
Profit (loss) for the period to be appropriated9905€29,234€13,571€24,620▲ 81.4%
Line202220232024Change
Assets
Total assets20/58€185,297€309,130€343,042▲ 11.0%
Fixed assets21/28€74,454€267,135€297,135▲ 11.2%
Financial fixed assets28€74,454€267,135€297,135▲ 11.2%
Current assets29/58€110,843€41,994€45,907▲ 9.3%
Amounts receivable within one year40/41€108,574€23,770€32,668▲ 37.4%
Trade receivables40€12,891€23,770€8,053▼ 66.1%
Other amounts receivable41€95,683€0€24,615-
Current investments50/53-€11,275€11,275=
Cash at bank and in hand54/58€2,269€6,949€1,932▼ 72.2%
Deferred charges and accrued income490/1--€32-
Equity and liabilities
Total equity and liabilities10/49€185,297€309,130€343,042▲ 11.0%
Equity10/15€30,234€43,805€68,424▲ 56.2%
Contributions10/11€1,000€1,000€1,000=
Reserves13€29,234€42,805€67,424▲ 57.5%
Distributable reserves133€29,234€42,805€67,424▲ 57.5%
Amounts payable17/49€155,063€265,325€274,618▲ 3.5%
Amounts payable after more than one year17€61,444€47,202€32,238▼ 31.7%
Financial debts170/4€61,444€47,202€32,238▼ 31.7%
Amounts payable within one year42/48€93,619€218,123€240,836▲ 10.4%
Current portion of amounts payable after more than one year42€13,556€14,242€14,964▲ 5.1%
Financial debts43-€1,211€1,407▲ 16.2%
Credit institutions430/8-€1,211€1,407▲ 16.2%
Trade debts44€4,874€26,877€18,435▼ 31.4%
Suppliers440/4€4,874€26,877€18,435▼ 31.4%
Taxes, remuneration and social security45€14,693€25,205€45,527▲ 80.6%
Taxes450/3€14,693€25,205€45,527▲ 80.6%
Other amounts payable47/48€60,496€150,589€160,504▲ 6.6%
Accrued charges and deferred income492/3--€1,543-
Line202220232024Change
Profit (loss) for the period9904€29,234€13,571€24,620▲ 81.4%
Operating cash flow (approximation)€29,234€13,571€24,620▲ 81.4%
Investment in fixed assets (approximation)--€192,681-€30,000▲ 84.4%
Change in cash-€4,680-€5,017▼ 207%

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
30-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €13,571 ▼53.6%
Net result drops to €13,571, the lowest in the series.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Brugge · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,178 m²
Building footprint
157 m²
Volume, LiDAR
1,056 m³
Parcel 31027D0230/00L002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
JP Development
Doornstraat 76, 8200 BruggeBusiness consulting
since 20212.320.258.014
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31027D0230/00L002 Flanders 1,178 m² 1 · 157 m² 10.4 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 2

According to the 2024 annual accounts of JP Development and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 39,570 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
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

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