JP SYSTEMS

Active

Private limited companyfounded 20187 yrs activeGrand Chemin(HAV) 69, 7531 Tournai, BelgiumKBO/BCE: BE 0716.630.060

The computed 12-month bankruptcy probability of JP SYSTEMS is 2.4% (moderate). The 2024 annual accounts show equity of €95k and a net result of €-15k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 9989 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

45 / 100

Fair▼ -34 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-18

Solvency82=

Growth52=

Stability100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 1.66 against 1.64 in 2023), but 55% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

45%

Return on assets

-7%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

118 d late

2023

15 d late

2022

118 d late

2021

91 d late

2020

121 d late

2019

34 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€95k▼ 13.6%

2023 · €110k

2019: €33k 2020: €41k 2021: €36k 2022: €106k 2023: €110k

2019 → 2024

Total assets

€212k▼ 12.3%

2023 · €242k

2019: €62k 2020: €140k 2021: €170k 2022: €198k 2023: €242k

2019 → 2024

Net result

€-15k

2023 · €4k

2019: €21k 2020: €8k 2021: €-5k 2022: €70k 2023: €4k

2019 → 2024

Working capital

€77k▼ 8.0%

2023 · €84k

2019: €21k 2020: €33k 2021: €10k 2022: €65k 2023: €84k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€41k-€36k▼ 11.2%€106k▲ 192%€110k▲ 3.8%€95k▼ 13.6%

Operating result€12k-€-4k€89k€10k▼ 89.3%€-12k

Net result€8k-€-5k€70k€4k▼ 94.3%€-15k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €12k after €10k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €212k

91.6%

Fixed assets €18k▼ 31.6%

Current assets €194k▼ 10.0%

Equity and liabilities €212k

45.0%

55.0%

Equity €95k▼ 13.6%

Debt €117k▼ 11.3%

The debt ratio rises from 54.4% to 55.0%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-2k▼

2023 · €27k

Cash flow

€-5k▼

2023 · €21k

Solvency

45.0%▼

2023 · 45.6%

Current ratio

1.66▲

2023 · 1.64

Quick ratio

1.66▲

2023 · 1.64

Debt / equity

1.22▲

2023 · 1.19

ROE

-15.7%▼

2023 · 3.6%

ROA

-7.0%▼

2023 · 1.6%

Interest coverage

-0.60▼

2023 · 21.25

Debt

€117k▼

2023 · €131k

Debt ≤ 1 year

€117k▼

2023 · €131k

Income taxes

€140▼

2023 · €4k

Staff costs

€29k▼

2023 · €37k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€242k€212k▼

Fixed assets21/28€26k€18k▼

Intangible fixed assets21€2k€968▼

Tangible fixed assets22/27€21k€13k▼

Plant, machinery and equipment23€19k€13k▼

Furniture and vehicles24€2k€10▼

Financial fixed assets28€4k€4k=

Current assets29/58€216k€194k▼

Amounts receivable within one year40/41€203k€163k▼

Trade receivables40€105k€86k▼

Other amounts receivable41€98k€78k▼

Cash at bank and in hand54/58€12k€30k▲

Deferred charges and accrued income490/1-€980

Equity and liabilities

Total equity and liabilities10/49€242k€212k▼

Equity10/15€110k€95k▼

Contributions10/11€12k€12k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€96k€81k▼

Amounts payable17/49€131k€117k▼

Amounts payable within one year42/48€131k€117k▼

Trade debts44€60k€68k▲

Suppliers440/4€60k€68k▲

Taxes, remuneration and social security45€72k€39k▼

Taxes450/3€68k€34k▼

Remuneration and social security454/9€3k€5k▲

Other amounts payable47/48-€10k

Income statement Code20232024

Remuneration, social security and pensions62€37k€29k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€10k▼

Other operating charges640/8€10k€10k▲

Gross operating margin9900€74k€37k▼

Operating profit (loss)9901€10k€-12k▼

Financial charges65/66B€1k€3k▲

Recurring financial charges65€1k€3k▲

Profit (loss) for the period before taxes9903€8k€-15k▼

Income taxes67/77€4k€140▼

Profit (loss) for the period9904€4k€-15k▼

Profit (loss) for the period to be appropriated9905€4k€-15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€96k€81k▼

Profit (loss) brought forward from the previous period14P€92k€96k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

26-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 118 days late

2024

31-12

Financial Weakest financial yearnet €-15k ▼475%

Net result drops to €-15k, the lowest in the series.

15-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 15 days late

2023

26-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 118 days late

2022

31-12

Financial Back to profitnet €70k

Net result €70k after one loss-making year.

31-12

Financial Equity above €100kEq €106k ▲192%

Equity rises from €36k to €106k.

30-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 91 days late

2021

29-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 121 days late

2020

03-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 34 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Tournai · 1 establishment unit since 2019

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Grand Chemin(HAV) 697531 Tournai

Ground area

870 m²

Building footprint

144 m²

Volume, LiDAR

669 m³

Parcel 57036C0140/00W000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

JP SYSTEMS

Grand Chemin(HAV) 69, 7531 TournaiManufacture of metal structures and parts of structures

since 20192.283.532.329

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57036C0140/00W000	Wallonia	870 m²	1 · 144 m²	6.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,606 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-12-2018

Fiscal year end31-12

Activities, NACEBEL

25110Manufacture of metal structures and parts of structures

41001General construction of residential buildings

25210Manufacture of fabricated metal products, except machinery and equipment

25300Manufacture of fabricated metal products, except machinery and equipment

43990Other specialised construction activities

43999Specialised construction activities

46831Wholesale of construction materials, general range

46839Wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.