JPS PROJECTS
ActiveSummary
The annual accounts of JPS PROJECTS for fiscal year 2025 show a net loss of 82% of the equity at the start of that year. The 2025 annual accounts show equity of €5,227 and a net result of -€24,381. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 14% of 28184 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-75
Solvency34▼-18
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.29 in 2024; short-term debt: 90.9% and cash: 32.5% of total assets), and 90.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
-42.2%
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 14% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
22 d early
2023
26 d early
2022
20 d early
2021
23 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,227▼ 82.3%
2024 · €29,608
Total assets
€57,747▼ 48.2%
2024 · €111,556
Net result
-€24,381
2024 · €5,266
Working capital
€3,176▼ 86.8%
2024 · €23,981
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,141€7,612▼ 46.2%€2,775▼ 63.5%€6,433▲ 132%-€24,552
Net result€5,054within the sector's middle half€3,959within the sector's middle half▼ 21.7%€1,582within the sector's middle half▼ 60.1%€5,266within the sector's middle half▲ 233%-€24,381below the sector's middle half
Equity€18,801below the sector's middle half▲ 36.8%€22,760within the sector's middle half▲ 21.1%€24,341within the sector's middle half▲ 6.9%€29,608within the sector's middle half▲ 21.6%€5,227below the sector's middle half▼ 82.3%
Total assets€694,001above the sector's middle half▲ 53.7%€40,176below the sector's middle half▼ 94.2%€51,120below the sector's middle half▲ 27.2%€111,556within the sector's middle half▲ 118%€57,747below the sector's middle half▼ 48.2%
Debt€675,200▲ 54.2%€17,416▼ 97.4%€26,778▲ 53.8%€81,949▲ 206%€52,520▼ 35.9%
Working capital€174,470▼ 58.9%€19,425▼ 88.9%€12,730▼ 34.5%€23,981▲ 88.4%€3,176▼ 86.8%
Solvency2.7%below the sector's middle half▼ 0.3pp56.7%within the sector's middle half▲ 53.9pp47.6%within the sector's middle half▼ 9.0pp26.5%within the sector's middle half▼ 21.1pp9.1%below the sector's middle half▼ 17.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 2025: a loss of €24,552 after €6,433 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,747
Fixed assets
€2,050 ▼ 63.6%
Current assets
€55,696 ▼ 47.4%
Equity and liabilities €57,747
Equity
€5,227 ▼ 82.3%
Debt
€52,520 ▼ 35.9%
Debt's share of the balance-sheet total rises from 73.5% to 90.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,976▼
2024 · €12,418
Cash flow
-€20,805▼
2024 · €11,251
Current ratio
1.06▼
2024 · 1.29
Debt to equity
10.05▲
2024 · 2.77
ROE
-466.5%▼
2024 · 17.8%
ROA
-42.2%▼
2024 · 4.7%
Interest coverage
-119.31▼
2024 · 68.89
Debt ≤ 1 year
€52,520▼
2024 · €81,949
Income taxes
€0▼
2024 · €1,971
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.6%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 647 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,395 | €1,377 | €3,432 | €5,985 | €3,576 | ▼ 40.2% |
| Other operating charges640/8 | €961 | €989 | €2,967 | €1,320 | €2,069 | ▲ 56.8% |
| Gross operating margin9900 | €16,497 | €9,979 | €9,175 | €13,738 | -€18,907 | ▼ 238% |
| Operating profit (loss)9901 | €14,141 | €7,612 | €2,775 | €6,433 | -€24,552 | ▼ 482% |
| Financial income75/76B | €84 | €53 | €344 | €985 | €346 | ▼ 64.8% |
| Recurring financial income75 | €84 | €53 | €344 | €985 | €346 | ▼ 64.8% |
| Financial charges65/66B | €9,171 | €1,192 | €155 | €180 | €176 | ▼ 2.5% |
| Recurring financial charges65 | €9,171 | €1,192 | €155 | €180 | €176 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €5,054 | €6,473 | €2,964 | €7,237 | -€24,381 | ▼ 437% |
| Income taxes67/77 | - | €2,514 | €1,382 | €1,971 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5,054 | €3,959 | €1,582 | €5,266 | -€24,381 | ▼ 563% |
| Profit (loss) for the period to be appropriated9905 | €5,054 | €3,959 | €1,582 | €5,266 | -€24,381 | ▼ 563% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €694,001 | €40,176 | €51,120 | €111,556 | €57,747 | ▼ 48.2% |
| Fixed assets21/28 | €4,712 | €3,335 | €11,611 | €5,626 | €2,050 | ▼ 63.6% |
| Tangible fixed assets22/27 | €4,712 | €3,335 | €11,611 | €5,626 | €2,050 | ▼ 63.6% |
| Plant, machinery and equipment23 | €2,936 | €2,536 | €2,136 | €1,736 | €1,336 | ▼ 23.0% |
| Furniture and vehicles24 | €1,777 | €799 | €9,475 | €3,890 | €715 | ▼ 81.6% |
| Current assets29/58 | €689,289 | €36,841 | €39,509 | €105,930 | €55,696 | ▼ 47.4% |
| Stocks and contracts in progress3 | €97,688 | - | - | - | - | - |
| Stocks30/36 | €97,688 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €520,490 | €25,064 | €33,140 | €100,486 | €33,765 | ▼ 66.4% |
| Trade receivables40 | €513,613 | €17,600 | €24,810 | €94,010 | €31,000 | ▼ 67.0% |
| Other amounts receivable41 | €6,876 | €7,464 | €8,330 | €6,476 | €2,765 | ▼ 57.3% |
| Current investments50/53 | €69,742 | €10,211 | €3,744 | €0 | - | - |
| Cash at bank and in hand54/58 | - | - | - | €2,767 | €18,776 | ▲ 579% |
| Deferred charges and accrued income490/1 | €1,370 | €1,566 | €2,625 | €2,676 | €3,155 | ▲ 17.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €694,001 | €40,176 | €51,120 | €111,556 | €57,747 | ▼ 48.2% |
| Equity10/15 | €18,801 | €22,760 | €24,341 | €29,608 | €5,227 | ▼ 82.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €4,160 | €5,741 | €11,008 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €2,300 | €5,741 | €11,008 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€1,659 | - | - | - | -€13,373 | - |
| Amounts payable17/49 | €675,200 | €17,416 | €26,778 | €81,949 | €52,520 | ▼ 35.9% |
| Amounts payable after more than one year17 | €160,381 | - | - | - | - | - |
| Financial debts170/4 | €100,000 | - | - | - | - | - |
| Other amounts payable178/9 | €60,381 | - | - | - | - | - |
| Amounts payable within one year42/48 | €514,819 | €17,416 | €26,778 | €81,949 | €52,520 | ▼ 35.9% |
| Trade debts44 | €7,079 | €14,902 | €15,396 | €75,095 | €12,321 | ▼ 83.6% |
| Suppliers440/4 | €7,079 | €14,902 | €15,396 | €75,095 | €12,321 | ▼ 83.6% |
| Advances received on contracts in progress46 | €507,740 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2,514 | €1,382 | €1,853 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,514 | €1,382 | €1,853 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €10,000 | €5,000 | €40,199 | ▲ 704% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,054 | €3,959 | €1,582 | €5,266 | -€24,381 | ▼ 563% |
| + Depreciation and write-downs630 | €1,395 | €1,377 | €3,432 | €5,985 | €3,576 | ▼ 40.2% |
| Operating cash flow (approximation) | €6,449 | €5,336 | €5,014 | €11,251 | -€20,805 | ▼ 285% |
| Investment in fixed assets (approximation) | - | €0 | -€11,708 | €0 | €0 | - |
| Change in cash | - | - | - | - | €16,009 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
State Gazette act
Resignation: Philip Moereels (non-statutory director)2 facts ▸
State Gazette act
Resignation: Philip Moereels (non-statutory director)
2 facts ▸
- General meeting, 23-06-2026
- Director resignation, Philip Moereels (non-statutory director)
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€24,381
Net result drops to -€24,381, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €5,266 ▲233%
Net result €5,266, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,054
Net result €5,054 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 12current ratio 24.24
Current ratio from 1.97 to 24.24; short-term debt falls from €20,681 to €8,238.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2017
Ground area
1,239 m²
Building footprint
176 m²
Volume, LiDAR
1,078 m³
Parcel 13047B0173/00Y000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
JPS PROJECTS
since 20172.266.660.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13047B0173/00Y000 | Flanders | 1,239 m² | 1 · 176 m² | 10.5 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Philip Moereels |
|
Structure & network
Owners and holdings
1 ownerChain of control
- JPS
- JPS PROJECTS
Highest known parent: JPS. The sources do not say who stands above it.
Owners 1
- JPSparentSourceaccounts JPS 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 1,958 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0677643186
Also
9925:BE0677643186
Registered
02-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.