JP PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of JP PROJECTS is 7.8% (elevated). The 2025 annual accounts show negative equity (-€77,212) and a net result of -€14,601. Equity has been shrinking by about 50% per year since 2018. Its solvency ranks better than 6% of 9,394 sector peers (NACE 41, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-04-1991 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Establishment unit
- 2.052.741.219 8380 Brugge, since 08-05-1991
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 7.8%
- Gross margin
- €2,696
- ▼ 24.8%
- Turnover
- ≈ €32,000
- estimated
- Loss
- €14,601
- ▲ 33.9%
- Equity
- -€77,212
- ▼ 23.3%
- Total assets
- €183,237
- ▼ 7.4%
- Negative equity on 31-12-2025
- 2025 accounts filed 49 days after the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 49 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthsNegative equity -€77,212Show the evidence
Checked score
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 3% of them on solvency, 52% on liquidity, 13% on profitability and 18% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 46 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 49 days after the deadline Filed on 18 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00519480.
Annual accounts 2025 filed on 18-09-2026 at the NBB all 34 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €4,546, larger than the loss of €3,322 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €260,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €22,183 | - | €4,931 | - |
| Depreciation and write-downs of the year | €4,808 | €2,246 | €4,435 | €6,725 | €6,800 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,621 | €1,582 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,571 | €7,551 | €9,504 | €4,808 | €2,246 | €4,435 | €6,725 | €6,800 | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €943 | €825 | €916 | €184 | €442 | ▲ 140% |
| Non-recurring operating charges66A | - | - | - | €6 | €1,035 | - | - | - | - |
| Gross operating margin9900 | €7,527 | -€9,367 | -€23,141 | €20,852 | -€11,727 | -€2,696 | €3,587 | €2,696 | ▼ 24.8% |
| Operating profit (loss)9901 | -€1,997 | -€22,495 | -€33,118 | €15,094 | -€15,832 | -€8,046 | -€3,322 | -€4,546 | ▼ 36.8% |
| Financial income75/76B | - | - | - | €4,757 | €6,819 | €1 | €3,349 | €6,016 | ▲ 79.6% |
| Recurring financial income75 | €10,579 | €8,211 | €7,911 | €4,757 | €6,819 | €1 | €3,349 | €6,016 | ▲ 79.6% |
| Financial charges65/66B | - | - | - | €10,486 | €10,213 | €16,814 | €10,729 | €15,827 | ▲ 47.5% |
| Recurring financial charges65 | €15,702 | €7,375 | €14,579 | €10,486 | €10,213 | €16,814 | €10,729 | €15,827 | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | -€7,121 | -€21,659 | -€39,786 | €9,365 | -€19,226 | -€24,860 | -€10,701 | -€14,357 | ▼ 34.2% |
| Income taxes67/77 | - | €1,153 | - | - | €63 | €179 | €206 | €244 | ▲ 18.4% |
| Profit (loss) for the period9904 | -€7,121 | -€22,812 | -€39,786 | €9,365 | -€19,289 | -€25,039 | -€10,907 | -€14,601 | ▼ 33.9% |
| Profit (loss) for the period to be appropriated9905 | -€7,121 | -€22,812 | -€39,786 | €9,365 | -€19,289 | -€25,039 | -€10,907 | -€14,601 | ▼ 33.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €302,128 | €279,505 | €239,840 | €257,045 | €238,522 | €84,557 | €197,837 | €183,237 | ▼ 7.4% |
| Fixed assets21/28 | €97,781 | €90,229 | €103,217 | €21,110 | €21,300 | €16,865 | €15,072 | €8,271 | ▼ 45.1% |
| Tangible fixed assets22/27 | €95,367 | €87,816 | €100,803 | €21,110 | €21,300 | €16,865 | €15,072 | €8,271 | ▼ 45.1% |
| Land and buildings22 | - | - | - | €4,800 | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €270 | €4,018 | €3,461 | €2,905 | €2,348 | ▼ 19.2% |
| Furniture and vehicles24 | - | - | - | €16,040 | €17,282 | €13,404 | €12,167 | €5,923 | ▼ 51.3% |
| Financial fixed assets28 | €2,413 | €2,413 | €2,413 | - | - | - | - | - | - |
| Current assets29/58 | €204,348 | €189,276 | €136,623 | €235,935 | €217,222 | €67,692 | €182,765 | €174,966 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €203,512 | €174,371 | €132,726 | €133,970 | €209,083 | €59,554 | €174,623 | €166,828 | ▼ 4.5% |
| Trade receivables40 | - | - | - | €54,624 | €75,040 | €59,554 | €59,554 | €59,554 | = |
| Other amounts receivable41 | - | - | - | €79,346 | €134,042 | - | €115,069 | €107,274 | ▼ 6.8% |
| Cash at bank and in hand54/58 | €63 | €9,497 | €1,579 | €94,239 | €413 | €411 | €416 | €412 | ▼ 1.0% |
| Deferred charges and accrued income490/1 | - | - | - | €7,726 | €7,726 | €7,726 | €7,726 | €7,726 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €302,128 | €279,505 | €239,840 | €257,045 | €238,522 | €84,557 | €197,837 | €183,237 | ▼ 7.4% |
| Equity10/15 | €39,665 | €16,853 | -€22,932 | -€7,375 | -€26,664 | -€51,704 | -€62,611 | -€77,212 | ▼ 23.3% |
| Contributions10/11 | €12,400 | €12,400 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €48,491 | €48,491 | €48,491 | €48,491 | €48,491 | €48,491 | €48,491 | €48,491 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | €8,430 | €8,430 | €8,430 | €8,430 | €8,430 | = |
| Distributable reserves133 | - | - | - | €38,201 | €38,201 | €38,201 | €38,201 | €38,201 | = |
| Profit (loss) carried forward14 | -€21,226 | -€44,037 | -€83,823 | -€74,458 | -€93,747 | -€118,786 | -€129,694 | -€144,295 | ▼ 11.3% |
| Amounts payable17/49 | €262,463 | €262,652 | €262,773 | €264,420 | €265,186 | €136,260 | €260,448 | €260,450 | = |
| Amounts payable after more than one year17 | €260,000 | €260,000 | €260,000 | €260,000 | €260,000 | - | €260,000 | €260,000 | = |
| Financial debts170/4 | - | - | - | €260,000 | €260,000 | - | €260,000 | €260,000 | = |
| Amounts payable within one year42/48 | €2,463 | €2,652 | €2,773 | €4,420 | €5,186 | €136,260 | €448 | €450 | ▲ 0.4% |
| Financial debts43 | - | - | - | - | - | €973 | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €973 | - | - | - |
| Trade debts44 | €2,463 | €2,652 | €2,773 | €4,420 | €2,790 | €929 | - | - | - |
| Suppliers440/4 | - | - | - | €4,420 | €2,790 | €929 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €2,396 | €2,115 | €448 | €450 | ▲ 0.4% |
| Taxes450/3 | - | - | - | - | €2,396 | €2,115 | €448 | €450 | ▲ 0.4% |
| Other amounts payable47/48 | - | - | - | - | - | €132,243 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,121 | -€22,812 | -€39,786 | €9,365 | -€19,289 | -€25,039 | -€10,907 | -€14,601 | ▼ 33.9% |
| + Depreciation and write-downs630 | €8,571 | €7,551 | €9,504 | €4,808 | €2,246 | €4,435 | €6,725 | €6,800 | ▲ 1.1% |
| Operating cash flow (approximation) | €1,451 | -€15,260 | -€30,281 | €14,173 | -€17,043 | -€20,604 | -€4,182 | -€7,801 | ▼ 86.5% |
| Investment in fixed assets (approximation) | - | €0 | -€22,492 | €77,299 | -€2,436 | €0 | -€4,931 | €0 | - |
| Change in cash | - | €9,434 | -€7,918 | €92,659 | -€93,826 | -€2 | €4 | -€4 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,796 companies had the same profile as JP PROJECTS has now. Two years later, 2.1% had gone bankrupt and 90.4% were still going.
- Micro
- 20 years or older
- negative equity
- a small loss
Another 1.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JP PROJECTS itself is higher: 7.8% within 12 months. It rests on far more data about JP PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,796 companies, not a prediction for JP PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-09-2026 | 2026-00519480 | |
| 31-12-2024 | micro format | 16-09-2025 | 2025-00493288 | |
| 31-12-2023 | micro format | 16-09-2024 | 2024-00465232 | |
| 31-12-2022 | micro format | 23-09-2023 | 2023-00463453 | |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20277955 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-74800235 | |
| 31-12-2019 | micro format | 29-08-2020 | 2020-47900122 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42300188 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67000165 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66200541 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
JP PROJECTS shares no director with another company.
Companies at the same address
6 other companies- HP Hospitality Services Registered office · since 2026 1039079935
- Iatsenko, Tetiana (sole trader) Establishment · since 2017 0674950051
- De Cock, Tiny (sole trader) Establishment · since 2015 0633585687
- Bonte, Carine (sole trader) Establishment · since 2011 0519859127
- Vereninging van Mede-eigenaars Residentie Vittorio Laura Brugge(Zeebrugge) Brusselstraat 2 Registered office · since 2005 0875567530
- L - INVEST Registered office · since 1997 0460553030
Connections & network
1 current directorThe network starts from the directors of JP PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-02
Gazette deed
Registered office moved from Kortenberg to ZeebruggePower of attorney7 points ▸
- Registered-office move, Brusselsestraat 2 app 401 te 8380 Zeebrugge
- Power of attorney, Kelly Verpoorten
- Power of attorney, Sara Heemskerk
- Power of attorney, Sandy Van de Leur
- Power of attorney, Kristel Van Gysel
- Power of attorney, Héloïse Debrandt
- Power of attorney, Viktorija Coric
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 3078 Kortenberg until 23-10-2025 · act of 19-02-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0443.934.257
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31813R0237/00P011 | Flanders | 498 m² | 1 · 421 m² | 22.4 m · 6 |