JSC PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of JSC PROJECT is 2.1% (moderate). The 2024 annual accounts show equity of €48k and a net result of €12k. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 517 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-2
Solvency28▼-1
Growth85=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.2 in 2023; short-term debt: 49.1% and cash: 6.6% of total assets), and 96.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 517 sector peers (2024).
NBB · sector comparisonPosition among 517 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
1 d early
2022
on the day
2021
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€453k▲ 48.5%
2023 · €305k
2021: €11k
2022: €175k
2023: €305k
2021 → 2024
EBIT margin
8.5%▼ 5.2pp
2023 · 13.7%
2021: 33.7%
2022: 8.4%
2023: 13.7%
2021 → 2024
Net result
€12k▼ 56.3%
2023 · €29k
2021: €4k
2022: €3k
2023: €29k
2021 → 2024
Working capital
€-427k▲ 30.5%
2023 · €-614k
2021: €-22k
2022: €-397k
2023: €-614k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€11k-€175k▲ 1,467%€305k▲ 74.6%€453k▲ 48.5%
Equity€14k-€17k▲ 25.3%€36k▲ 108%€48k▲ 35.0%
Operating result€4k-€15k▲ 292%€42k▲ 184%€39k▼ 7.6%
Net result€4k-€3k▼ 6.0%€29k▲ 725%€12k▼ 56.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.52M
Fixed assets
€1.20M ▲ 48.8%
Current assets
€320k ▲ 109%
Equity and liabilities €1.52M
Equity
€48k ▲ 35.0%
Debt
€1.48M ▲ 59.2%
Debt's share of the balance-sheet total rises from 96.3% to 96.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€279k▲
2023 · €180k
Cash flow
€253k▲
2023 · €166k
Current ratio
0.43▲
2023 · 0.20
Debt to equity
30.62▲
2023 · 25.96
ROE
25.9%▼
2023 · 80.0%
ROA
0.8%▼
2023 · 3.0%
Interest coverage
11.61▼
2023 · 22.76
Debt ≤ 1 year
€747k▼
2023 · €768k
Debt > 1 year
€726k▲
2023 · €159k
Income taxes
€2k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€963k€1.52M▲
Formation expenses20€1k€1k=
Fixed assets21/28€808k€1.20M▲
Tangible fixed assets22/27€808k€1.20M▲
Furniture and vehicles24€608k€508k▼
Leasing and similar rights25€200k€694k▲
Current assets29/58€153k€320k▲
Amounts receivable within one year40/41€92k€191k▲
Trade receivables40€78k€181k▲
Other amounts receivable41€15k€10k▼
Cash at bank and in hand54/58€38k€101k▲
Deferred charges and accrued income490/1€23k€28k▲
Equity and liabilities
Total equity and liabilities10/49€963k€1.52M▲
Equity10/15€36k€48k▲
Contributions10/11€10k€10k=
Reserves13€11k€23k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€10k€22k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€927k€1.48M▲
Amounts payable after more than one year17€159k€726k▲
Financial debts170/4€159k€510k▲
Other amounts payable178/9-€217k
Amounts payable within one year42/48€768k€747k▼
Current portion of amounts payable after more than one year42€78k€173k▲
Trade debts44€275k€103k▼
Suppliers440/4€275k€103k▼
Advances received on contracts in progress46-€50k
Other amounts payable47/48€414k€421k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Turnover70€305k€453k▲
Goods, raw materials, services and sundry goods60/61€105k€152k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€240k▲
Other operating charges640/8€20k€31k▲
Non-recurring operating charges66A-€97k
Gross operating margin9900€200k€407k▲
Operating profit (loss)9901€42k€39k▼
Financial income75/76B€401€108▼
Recurring financial income75€401€108▼
Financial charges65/66B€8k€24k▲
Recurring financial charges65€8k€24k▲
Profit (loss) for the period before taxes9903€34k€15k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€29k€12k▼
Profit (loss) for the period to be appropriated9905€29k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€27k▼
Profit (loss) brought forward from the previous period14P€6k€15k▲
Transfer to equity691/2€10k€12k▲
To other reserves6921€10k€12k▲
Profit to be distributed694/7€10k-
Directors or managers695€10k-
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2021net €29k ▲725%
Operating result €42k, net result €29k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €3k ▼6%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ittre
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.
Quartier du Tram 511460 IttreGround area
1,501 m²
Building footprint
144 m²
Parcel 25108B0095/00L002, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25108B0095/00L002 | Wallonia | 1,501 m² | 1 · 143 m² | - |
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.
Similar companies · same sector, comparable size
Vanossel Services
BE 0860.116.915
Les Bons Villers · Eq €47,802
P. Lehoucq
BE 0550.998.305
Evergem · Eq €48,887
Lissens Invest
BE 0746.543.969
Haaltert · Eq €47,348
HIMALAYA SERVICES
BE 0897.880.302
Menen · Eq €49,085
BDO Cars
BE 0842.709.571
Merelbeke-Melle · Eq €47,039
Of 1,443 companies in sector 77110 we hold annual accounts for 727. 476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
95316Washing and cleaning of motor vehicles
52100Warehousing and storage
52210Service activities incidental to land transportation
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.