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JPA Projects

Active
Private limited companyfounded 2020active for 5 yearsNarcislaan 116, 9240 Zele, BelgiumKBO/BCE: BE 0760.394.381
Summary

The computed 12-month bankruptcy probability of JPA Projects is 2.7% (moderate). The 2025 annual accounts show equity of €56,950 and a net result of -€30,339. Equity has been shrinking by about 13% per year since 2021. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 18% of 35,008 sector peers (NACE 43, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 22-12-2020 Normal situation
Activity
General electrical installation work NACE 43211
Establishment unit
2.311.368.161 9240 Zele, since 22-12-2020
Financial year end
31 December
Peppol
Reachable since 03-01-2026

Board and ownership

Board
  • Heirwegh PatrickDirector · since 22-12-2020

Financial position

51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.7%
Annual accounts 2025
Gross margin
-€14,714
▼ 14.3%
Loss
€30,339
▼ 30.0%
Equity
€56,950
Total assets
€372,535
▲ 22.6%
  • 2025 accounts filed 40 days after the deadline
Turnover not published (micro format)
Score breakdownraises riskLast filed accounts filed 40 days late; 3 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Founded in 2020Loss of €30,339, the second in a row (financial year 2025)Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 37% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 40+40
equity 15.3% of total assets
Liquidity 36-14
short-term debt 48.9% · cash 8.6%
Profitability 9+8
return on assets -8.1%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,685 companies, NACE 43, micro)
Last 24 months 12-2024: 2.1% 01-2025: 2.1%● unchanged vs 12-2024 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.1%● unchanged vs 02-2025 04-2025: 2.2%▲ +0.1 percentage points vs 03-2025 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.3%▲ +0.1 percentage points vs 05-2025 07-2025: 2.3%● unchanged vs 06-2025 08-2025: 2.8%▲ +0.5 percentage points vs 07-2025 09-2025: 3.1%▲ +0.3 percentage points vs 08-2025highest value 10-2025: 2.1%▼ -1.0 percentage point vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.2%▲ +0.1 percentage points vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.1%▼ -0.1 percentage points vs 04-2026 06-2026: 2.1%● unchanged vs 05-2026 07-2026: 2.1%● unchanged vs 06-2026lowest value 08-2026: 2.7%▲ +0.6 percentage points vs 07-2026 09-2026: 3.0%▲ +0.3 percentage points vs 08-2026 10-2026: 2.7%▼ -0.3 percentage points vs 09-2026 11-2026: 2.7%● unchanged vs 10-2026
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18 (0.54 in 2024), below 1. Short-term debt is 48.9% and cash 8.6% of total assets. 84.7% of the assets are financed with debt and provisions.
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 43, micro). It does better than 18% of them on solvency, 25% on liquidity, 11% on profitability and 95% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

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

Six signals.
raises risk
raises risk · Last filed accounts filed 40 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €30,339, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 35008 sector peers (2025).
NBB · sector comparison
Position among 35008 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · 2025 accounts filed 40 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
40 days late
2024
37 days late
2023
91 days late
2022
37 days late
2021
64 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 54 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 5 loss-making years in a rowloss in financial year 2025 -€30,339 View
  • Caution: Lower net result than 95% of companies in specialised constructionsector median €10,218 · 34,996 companies -€30,339 View

Recent changes

  1. · Gazette deed IncorporationGeneral meeting of 10-12-2025
  2. · Gazette deed Incorporation
All 8 events

Comparable companies

These companies have the same main activity as JPA Projects: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €296,000 and €444,000, founded between 2020 and 2021.

CompanyTotal assetsGross margin
JPA Projects Zele€372,535-€14,714
R4E Partners Westerlo€429,238-€101,896
DIFF-electriciteit Kapellen€320,198-€19,507
Energies Solaires Intelligentes Philippeville€423,292-€68,756
ProGreen Solutions Diest€443,911-€9,536
DHE SOLAR Middelkerke€430,309-€40,371
ENELLUX Anderlecht€296,117-€118,503
Full comparison

Key facts about JPA Projects

What is the company number of JPA Projects?
The company number of JPA Projects is 0760.394.381. The VAT number is the same number with BE in front: BE 0760.394.381.
Where is JPA Projects based?
The registered office is at Narcislaan 116, 9240 Zele.Company details
What does JPA Projects do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of JPA Projects?
JPA Projects is a private limited company (BV).
When was JPA Projects founded?
JPA Projects was founded on 22-12-2020.
Is JPA Projects still active?
Yes, JPA Projects is an active enterprise in the KBO register.
What is the turnover of JPA Projects?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2024 turnover was €0.Financials
Is JPA Projects profitable?
In financial year 2025, JPA Projects made a loss of €30,339.
Where can I find the annual accounts of JPA Projects?
JPA Projects filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of JPA Projects due?
JPA Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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