JP SYSTEMS
ActiveSummary
The computed 12-month bankruptcy probability of JP SYSTEMS is 2.7% (moderate). The 2024 annual accounts show equity of €95,263 and a net result of -€14,934. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 9972 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
General construction of residential buildings
NACE 41001Manufacture of metal structures and parts of structures NACE 25110General construction of buildings NACE 41201
1 site
How big
€211,884total assets 2024
- Staff
- 0.5 FTE
- Equity
- €95,263
- Loss
- -€14,934
Turnover not published (abridged schema)
Who decides
Accounts 63 d overdue0 of 2 deeds read
Why 40- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Higher-failure-rate region- Filed more than 90 days lateShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability10▼-61
Solvency70▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.66 against 1.64 in 2023; short-term debt: 55% and cash: 14% of total assets), but 55% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
45%
Return on assets
-7%
Age of the figures
21 mo
raises risk · 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 filingsDeviation 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 83 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€14,934
- Annual accounts filedfiscal year 2023 · micro…
Financials · fiscal year 2024, micro schema
Equity
€95,263▼ 13.6%
2023 · €110,197
Total assets
€211,884▼ 12.3%
2023 · €241,651
Net result
-€14,934
2023 · €3,985
Working capital
€77,479▼ 8.0%
2023 · €84,185
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€12,013▼ 60.3%-€4,155€89,044€9,502▼ 89.3%-€11,581
Net result€7,729within the sector's middle half▼ 62.9%-€4,595below the sector's middle half€69,848above the sector's middle half€3,985within the sector's middle half▼ 94.3%-€14,934below the sector's middle half
Equity€40,958within the sector's middle half▲ 23.3%€36,364within the sector's middle half▼ 11.2%€106,212within the sector's middle half▲ 192%€110,197above the sector's middle half▲ 3.8%€95,263within the sector's middle half▼ 13.6%
Total assets€139,910within the sector's middle half▲ 125%€170,173within the sector's middle half▲ 21.6%€197,504within the sector's middle half▲ 16.1%€241,651within the sector's middle half▲ 22.4%€211,884within the sector's middle half▼ 12.3%
Debt€98,952▲ 243%€133,810▲ 35.2%€91,292▼ 31.8%€131,454▲ 44.0%€116,621▼ 11.3%
Working capital€33,132within the sector's middle half▲ 56.6%€10,111within the sector's middle half▼ 69.5%€64,690within the sector's middle half▲ 540%€84,185above the sector's middle half▲ 30.1%€77,479within the sector's middle half▼ 8.0%
Solvency29.3%within the sector's middle half▼ 24.3pp21.4%within the sector's middle half▼ 7.9pp53.8%within the sector's middle half▲ 32.4pp45.6%within the sector's middle half▼ 8.2pp45.0%within the sector's middle half▼ 0.6pp
Current ratio1.33within the sector's middle half▼ 0.401.08within the sector's middle half▼ 0.261.71within the sector's middle half▲ 0.631.64within the sector's middle half▼ 0.071.66within the sector's middle half▲ 0.02
Return on assets (ROA)5.5%within the sector's middle half▼ 28.0pp-2.7%below the sector's middle half▼ 8.2pp35.4%above the sector's middle half▲ 38.1pp1.6%within the sector's middle half▼ 33.7pp-7.0%below the sector's middle half▼ 8.7pp
Staff (FTE)2.5within the sector's middle half▲ 150%2.6▲ 4.0%2.6=1.3▼ 50.0%0.5▼ 61.5%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 turns negative in 2024: a loss of €11,581 after €9,502 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211,884
Fixed assets
€17,784 ▼ 31.6%
Current assets
€194,101 ▼ 10.0%
Equity and liabilities €211,884
Equity
€95,263 ▼ 13.6%
Debt
€116,621 ▼ 11.3%
Debt's share of the balance-sheet total rises from 54.4% to 55.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,916▼
2023 · €26,788
Cash flow
-€5,269▼
2023 · €21,271
Debt to equity
1.22▲
2023 · 1.19
ROE
-15.7%▼
2023 · 3.6%
Interest coverage
-0.60▼
2023 · 21.25
Debt ≤ 1 year
€116,621▼
2023 · €131,454
Income taxes
€140▼
2023 · €4,256
Staff costs
€28,894▼
2023 · €37,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
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 2.7% 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 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,441 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €75,426 | €79,960 | €37,500 | €28,894 | ▼ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,250 | €12,703 | €17,060 | €17,286 | €9,665 | ▼ 44.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €38,963 | - | - | - |
| Other operating charges640/8 | - | €2,174 | €1,902 | €9,671 | €10,188 | ▲ 5.3% |
| Gross operating margin9900 | €63,695 | €86,149 | €226,929 | €73,959 | €37,167 | ▼ 49.7% |
| Operating profit (loss)9901 | €12,013 | -€4,155 | €89,044 | €9,502 | -€11,581 | ▼ 222% |
| Financial charges65/66B | - | €265 | €631 | €1,261 | €3,213 | ▲ 155% |
| Recurring financial charges65 | €206 | €265 | €631 | €1,261 | €3,213 | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €11,807 | -€4,420 | €88,413 | €8,242 | -€14,794 | ▼ 280% |
| Income taxes67/77 | €4,078 | €174 | €18,565 | €4,256 | €140 | ▼ 96.7% |
| Profit (loss) for the period9904 | €7,729 | -€4,595 | €69,848 | €3,985 | -€14,934 | ▼ 475% |
| Profit (loss) for the period to be appropriated9905 | €7,729 | -€4,595 | €69,848 | €3,985 | -€14,934 | ▼ 475% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,910 | €170,173 | €197,504 | €241,651 | €211,884 | ▼ 12.3% |
| Fixed assets21/28 | €7,826 | €26,252 | €41,522 | €26,012 | €17,784 | ▼ 31.6% |
| Intangible fixed assets21 | - | - | - | €1,560 | €968 | ▼ 37.9% |
| Tangible fixed assets22/27 | €4,251 | €22,677 | €37,947 | €20,877 | €13,241 | ▼ 36.6% |
| Plant, machinery and equipment23 | - | €6,152 | €28,009 | €19,240 | €13,231 | ▼ 31.2% |
| Furniture and vehicles24 | - | €16,525 | €9,938 | €1,636 | €10 | ▼ 99.4% |
| Financial fixed assets28 | €3,575 | €3,575 | €3,575 | €3,575 | €3,575 | = |
| Current assets29/58 | €132,084 | €143,921 | €155,982 | €215,639 | €194,101 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €130,065 | €130,451 | €145,734 | €203,143 | €163,403 | ▼ 19.6% |
| Trade receivables40 | - | €50,540 | €45,407 | €105,299 | €85,709 | ▼ 18.6% |
| Other amounts receivable41 | - | €79,911 | €100,326 | €97,844 | €77,694 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €2,020 | €13,470 | €9,361 | €12,496 | €29,718 | ▲ 138% |
| Deferred charges and accrued income490/1 | - | - | €887 | - | €980 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,910 | €170,173 | €197,504 | €241,651 | €211,884 | ▼ 12.3% |
| Equity10/15 | €40,958 | €36,364 | €106,212 | €110,197 | €95,263 | ▼ 13.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €6,200 | €6,200 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €26,698 | €22,104 | €91,952 | €95,937 | €81,003 | ▼ 15.6% |
| Amounts payable17/49 | €98,952 | €133,810 | €91,292 | €131,454 | €116,621 | ▼ 11.3% |
| Amounts payable within one year42/48 | €98,952 | €133,810 | €91,292 | €131,454 | €116,621 | ▼ 11.3% |
| Trade debts44 | €82,282 | €114,323 | €58,473 | €59,658 | €67,515 | ▲ 13.2% |
| Suppliers440/4 | - | €114,323 | €58,473 | €59,658 | €67,515 | ▲ 13.2% |
| Taxes, remuneration and social security45 | - | €19,486 | €32,819 | €71,796 | €39,106 | ▼ 45.5% |
| Taxes450/3 | - | €11,855 | €24,345 | €68,296 | €34,441 | ▼ 49.6% |
| Remuneration and social security454/9 | - | €7,631 | €8,475 | €3,500 | €4,665 | ▲ 33.3% |
| Other amounts payable47/48 | - | - | - | - | €10,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,729 | -€4,595 | €69,848 | €3,985 | -€14,934 | ▼ 475% |
| + Depreciation and write-downs630 | €4,250 | €12,703 | €17,060 | €17,286 | €9,665 | ▼ 44.1% |
| Operating cash flow (approximation) | €11,979 | €8,109 | €86,908 | €21,271 | -€5,269 | ▼ 125% |
| Investment in fixed assets (approximation) | - | -€31,130 | -€32,330 | -€1,776 | -€1,437 | ▲ 19.1% |
| Change in cash | - | €11,450 | -€4,109 | €3,135 | €17,221 | ▲ 449% |
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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Of 29,789 companies in this sector we hold annual accounts for 16,151. 13,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
31-12
Financial
Weakest financial yearnet -€14,934
Net result drops to -€14,934, 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 €69,848
Net result €69,848 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €106,212 ▲192%
Equity rises from €36,364 to €106,212.
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.
0 of 2 acts read
About the unread acts
We know of 2 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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Register details
Identification
Legal formPrivate limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
25210Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
46831Wholesale of construction materials, general range
46839Wholesale trade
Contact
E-mail
cottonjeanpierre@gmail.com
Phone
+32474908142
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716630060
Also
9925:BE0716630060
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 2 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2019
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
since 2019unit no. 2.283.532.329
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
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.