JPA Projects
ActiveThe computed 12-month bankruptcy probability of JPA Projects is 2.5% (moderate). The 2025 annual accounts show equity of €57k and a net result of €-30k. Equity is shrinking by ~13.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 18% of 27451 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+8
Solvency40▲+40
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.18 against 0.54 in 2024; short-term debt: 48.9% and cash: 8.6% of total assets), and 84.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
15.3%
Return on assets
-8.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
40 d late
2024
37 d late
2023
91 d late
2022
37 d late
2021
64 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
2021: €0
2022: €0
2023: €0
2021 → 2024
Total assets
€373k▲ 22.6%
2024 · €304k
2021: €27k
2022: €16k
2023: €31k
2024: €304k
2021 → 2025
Net result
€-30k▲ 30.0%
2024 · €-43k
2021: €-32k
2022: €-15k
2023: €-3k
2024: €-43k
2021 → 2025
Working capital
€-149k▼ 11.9%
2024 · €-133k
2021: €-40k
2022: €-49k
2023: €-46k
2024: €-133k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0
Equity€-27k-€-41k▼ 56.4%€-44k▼ 7.1%€-88k▼ 97.6%€57k
Operating result€-30k-€-13k▲ 57.3%€668€-32k€-26k▲ 20.1%
Net result€-32k-€-15k▲ 52.5%€-3k▲ 80.4%€-43k▼ 1,380%€-30k▲ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €373k
Fixed assets
€339k▲ 129%
Current assets
€33k▼ 78.5%
Equity and liabilities €373k
Equity
€57k
Debt
€316k
Debt finances 84.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€-17k▲
2024 · €-30k
Cash flow
€-22k▲
2024 · €-41k
Solvency
15.3%▲
2024 · -28.9%
Current ratio
0.18▼
2024 · 0.54
Quick ratio
0.18▼
2024 · 0.54
Debt / equity
5.54▲
2024 · -4.46
ROE
-53.3%
ROA
-8.1%▲
2024 · -14.3%
Interest coverage
-3.70▼
2024 · -2.71
Debt
€316k▼
2024 · €392k
Debt ≤ 1 year
€182k▼
2024 · €289k
Debt > 1 year
€133k▲
2024 · €103k
Income taxes
€221▲
2024 · €213
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€304k€373k▲
Formation expenses20€0-
Fixed assets21/28€148k€339k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€148k€339k▲
Land and buildings22€147k€338k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€766€477▼
Leasing and similar rights25€0-
Other tangible fixed assets26€0-
Assets under construction and advance payments27€0-
Financial fixed assets28€300€300=
Current assets29/58€156k€33k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0-
Stocks30/36€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€12k€1k▼
Trade receivables40€7k€157▼
Other amounts receivable41€5k€1k▼
Current investments50/53€0-
Cash at bank and in hand54/58€144k€32k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€304k€373k▲
Equity10/15€-88k€57k▲
Contributions10/11€5k€180k▲
Revaluation surpluses12€0-
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Own shares acquired1312€0-
Financial assistance1313€0-
Other1319€0-
Tax-exempt reserves132€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-93k€-123k▼
Investment grants15€0-
Advance to shareholders on the distribution of net assets19€0-
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Pensions and similar obligations160€0-
Taxes161€0-
Major repairs and maintenance162€0-
Environmental obligations163€0-
Other liabilities and charges164/5€0-
Deferred taxes168€0-
Amounts payable17/49€392k€316k▼
Amounts payable after more than one year17€103k€133k▲
Financial debts170/4€103k€133k▲
Trade debts175€0-
Advances received on contracts in progress176€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€289k€182k▼
Current portion of amounts payable after more than one year42€8k-
Financial debts43€0€8k▲
Credit institutions430/8€0€8k▲
Other loans439€0-
Trade debts44€5k€38▼
Suppliers440/4€5k€38▼
Bills of exchange payable441€0-
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€3k€221▼
Taxes450/3€3k€221▼
Remuneration and social security454/9€0-
Other amounts payable47/48€273k€174k▼
Accrued charges and deferred income492/3€22€0▼
Income statement
Code20242025
Turnover70€0-
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€17k€2k▼
Gross operating margin9900€-13k€-15k▼
Operating profit (loss)9901€-32k€-26k▲
Financial income75/76B-€14
Recurring financial income75-€14
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€-43k€-30k▲
Transfer from deferred taxes780€0-
Transfer to deferred taxes680€0-
Income taxes67/77€213€221▲
Profit (loss) for the period9904€-43k€-30k▲
Transfer from tax-exempt reserves789€0-
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-43k€-30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€-123k▼
Profit (loss) brought forward from the previous period14P€-49k€-93k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
06-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 37 days late
2024
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 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, Zele · 1 establishment unit since 2020
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.
Narcislaan 1169240 ZeleGround area
576 m²
Building footprint
120 m²
Volume, LiDAR
699 m³
Parcel 42402C0087/00P000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JPA Projects
since 20202.311.368.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C0087/00P000 | Flanders | 576 m² | 1 · 120 m² | 7.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,140 EUR awarded · 1,274 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 277 EUR | 275 EUR |
| 2024 | 1 | 1,760 EUR | 413 EUR |
| 2023 | 1 | 0 EUR | 483 EUR |
| 2022 | 1 | 103 EUR | 103 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.