Equity
€56,777 ▲ 167%
JS-Project has made a profit in every financial year since 2021.
JS-Project
Lifetime
5 annual accounts with figures on one time axispeak €153,584 (2025)
€153,584▲ 69.4%
peak €35,516 (2025)
€35,516▲ 589%
peak €56,777 (2025)
€56,777▲ 167%
€148,905▼ 8.2%
Board5 names since 2020
2 directorsGruwier Nagi and 1 other
Documentsfilings and deeds
06-08-202698 days late
2025micro format
Gross margin from €90,647 to €153,584Result from €5,152 to €35,516Equity from €21,261 to €56,777
Key points
from the 2025 annual accountsTurnover
≈ €470,000 estimated
The micro format states no turnover.
Debts
€148,905 72% of the balance sheet
Financial debts 15%Suppliers 20%Taxes and wages 11%Other 53%
Of this, €126,000 falls due within a year.
Staff
1 employees on 30-09-2025
In 2025, 1 person joined and 2 left.
Filings
5 annual accounts 98 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€35,516
Higher net result than 82% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
54
Fair
Financially stronger than 65% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%lowest value
01-2025: 1.8%▲ +0.1 percentage points vs 12-2024
02-2025: 1.9%▲ +0.1 percentage points vs 01-2025
03-2025: 2.0%▲ +0.1 percentage points vs 02-2025
04-2025: 2.1%▲ +0.1 percentage points vs 03-2025
05-2025: 2.7%▲ +0.6 percentage points vs 04-2025
06-2025: 2.9%▲ +0.2 percentage points vs 05-2025
07-2025: 4.2%▲ +1.3 percentage points vs 06-2025
08-2025: 4.3%▲ +0.1 percentage points vs 07-2025
09-2025: 5.0%▲ +0.7 percentage points vs 08-2025
10-2025: 6.7%▲ +1.7 percentage points vs 09-2025
11-2025: 6.7%● unchanged vs 10-2025
12-2025: 6.8%▲ +0.1 percentage points vs 11-2025
01-2026: 4.8%▼ -2.0 percentage points vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.7%▼ -0.1 percentage points vs 02-2026
04-2026: 4.6%▼ -0.1 percentage points vs 03-2026
05-2026: 5.1%▲ +0.5 percentage points vs 04-2026
06-2026: 5.6%▲ +0.5 percentage points vs 05-2026
07-2026: 7.6%▲ +2.0 percentage points vs 06-2026highest value
08-2026: 7.2%▼ -0.4 percentage points vs 07-2026
09-2026: 2.5%▼ -4.7 percentage points vs 08-2026
10-2026: 2.4%▼ -0.1 percentage points vs 09-2026
11-2026: 2.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 98 days late; 2 of the last 3 accounts late
Founded in 2020
Size: total assets €205,682
lowers risk
Liquidity: current ratio 1.05, cash €33,735
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 47, micro). It does better than 43% of them on solvency, 36% on liquidity, 85% on profitability and 95% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-09-2025.
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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as JS-Project has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JS-Project itself is higher: 2.4% within 12 months. It rests on far more data about JS-Project than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for JS-Project. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is tight, with a current ratio of 1.05 (0.75 in 2024), below the usual 1.5. Short-term debt is 61.3% and cash 16.4% of total assets. 72.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 98 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-08-2026, 98 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
98 days late
2024
218 days late
2023
26 days early
2022
46 days early
2021
26 days early
← 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 44 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 5 April (4 of the last 5 accounts filed within 123 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
GN
Gruwier Nagi
Director, since 18-09-2023
- SENCIUC Sorin-Ilie 120 sharesdeed of 21-09-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0754535779
2 directors appointed, 1 resignation
Resignation: Sorin-llie Senciuc · Appointments: Nagi Gruwler and Steven Derumaux · General meeting of 18-09-2023 · Gazette deed
Registered office moved within Poperinge
New registered office: Gasthuisstraat 15, 8970 Poperinge · Previous registered office: Gasthuisstraat 35, 8970 Poperinge · Board meeting of 09-08-2022 · Gazette deed
Incorporation
Founding capital of €4,800, 120 shares · Founder: SENCIUC Sorin-Ilie · Appointment: SENCIUC Sorin-Ilie (director) · published on 21-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JS-Project Poperinge | €205,682 | €153,584 | 27.6% | - |
| Valérie Deuquet Parfumeur Tournai | €171,846 | €139,482 | 38.3% | - |
| PM PRODUCTION Liège | €251,009 | €145,555 | 57.3% | - |
| AFRO BEAUTY STORE Mons | €153,954 | €129,297 | 40.7% | - |
| Kremal Maldegem | €164,332 | €231,130 | 7.2% | - |
| RHEINE Leuven | €299,293 | €136,181 | 40.6% | - |
| BONSEMBIANTE Arômes & Senteurs & Décorations Binche | €186,160 | €93,643 | 27.3% | - |
These companies have the same main activity as JS-Project: retail sale of cosmetics and toilet articles (NACE 47750). They are comparable in size and age: total assets between €154,000 and €299,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 17-09-2020Normal situation
- Activity
- Retail sale of cosmetics and toilet articlesNACE 47750and 3 others
- Joint committee
- 314Hairdressing and beauty care · annual accounts 30-09-2025
- Establishment unit
- 2.307.028.9948970 Poperinge, since 17-09-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 26-05-2026
Annual accounts to 30-09-2025
- €205,682▲ 12.1%
- Employeeson 30-09-2025
- 1▼ 50.0%
- Filing
- Filed on 06-08-2026
Insights on JS-Project
JS-Project files the micro format. That format states no turnover. The gross margin rose from €19,177 in 2021 to €153,584 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JS-Project
- What is the company number of JS-Project?
- The company number of JS-Project is 0754.535.779. The VAT number is the same number with BE in front: BE 0754.535.779.
- Where is JS-Project based?
- The registered office is at Gasthuisstraat 15, 8970 Poperinge.Company details
- What does JS-Project do?
- According to the KBO register, the main activity is retail sale of cosmetics and toilet articles (NACE 47750).
- What is the legal form of JS-Project?
- JS-Project is a private limited company (BV).
- When was JS-Project founded?
- JS-Project was founded on 17-09-2020.
- Is JS-Project still active?
- Yes, JS-Project is an active enterprise in the KBO register.
- How many employees does JS-Project have?
- JS-Project had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does JS-Project fall under?
- In its 30-09-2025 annual accounts, JS-Project states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of JS-Project?
- The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €153,584 and 31 comparable companies (NACE 477). It probably lies between €330,000 and €870,000.
- Is JS-Project profitable?
- In financial year 2025, JS-Project made a profit of €35,516.
- Where can I find the annual accounts of JS-Project?
- JS-Project filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JS-Project due?
- JS-Project must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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