JSM-PROJECTS
InactiveJSM-PROJECTS was declared bankrupt on 07-09-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 16-07-2024, published in the Belgian State Gazette on 22-07-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-07-2023, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
22 d early
2021
23 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-16k▲ 36.9%
2021 · €-26k
2018: €-22k
2019: €8k
2020: €7k
2021: €-26k
2018 → 2022
Total assets
€88k▲ 70.1%
2021 · €52k
2018: €21k
2019: €29k
2020: €26k
2021: €52k
2018 → 2022
Net result
€9k
2021 · €-33k
2018: €-2k
2019: €31k
2020: €-1k
2021: €-33k
2018 → 2022
Working capital
€-15k▲ 43.4%
2021 · €-27k
2018: €-21k
2019: €5k
2020: €1k
2021: €-27k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-22k-€8k€7k▼ 16.2%€-26k€-16k▲ 36.9%
Operating result€402-€33k▲ 8,061%€-6k€-30k▼ 450%€12k
Net result€-2k-€31k€-1k€-33k▼ 2,295%€9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €12k after a loss of €30k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €88k
Fixed assets
€33k▼ 17.3%
Current assets
€55k▲ 354%
Key figures and ratios
EBITDA
€23k▲
2021 · €-22k
Cash flow
€20k▲
2021 · €-24k
Solvency
-18.3%▲
2021 · -49.3%
Current ratio
0.78▲
2021 · 0.31
Quick ratio
0.78▲
2021 · 0.31
Debt / equity
-6.47▼
2021 · -3.03
ROA
10.7%▲
2021 · -62.9%
Interest coverage
9.24▲
2021 · -9.70
Debt
€104k▲
2021 · €78k
Debt ≤ 1 year
€71k▲
2021 · €39k
Debt > 1 year
€34k▼
2021 · €38k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€52k€88k▲
Fixed assets21/28€40k€33k▼
Tangible fixed assets22/27€38k€32k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€29k€22k▼
Financial fixed assets28€1k€1k=
Current assets29/58€12k€55k▲
Amounts receivable within one year40/41€6k€55k▲
Trade receivables40€3k€50k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€5k€0▼
Deferred charges and accrued income490/1€553€933▲
Equity and liabilities
Total equity and liabilities10/49€52k€88k▲
Equity10/15€-26k€-16k▲
Contributions10/11€19k€19k=
Reserves13€225€225=
Non-distributable reserves130/1€225€225=
Reserves not available under the articles1311€225€225=
Profit (loss) carried forward14€-44k€-35k▲
Amounts payable17/49€78k€104k▲
Amounts payable after more than one year17€38k€34k▼
Financial debts170/4€38k€34k▼
Amounts payable within one year42/48€39k€71k▲
Current portion of amounts payable after more than one year42€14k€13k▼
Financial debts43-€9k
Credit institutions430/8-€9k
Trade debts44€11k€16k▲
Suppliers440/4€11k€16k▲
Other amounts payable47/48€15k€33k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€44k€914▼
Gross operating margin9900€24k€25k▲
Operating profit (loss)9901€-30k€12k▲
Financial income75/76B€54€0▼
Recurring financial income75€54€0▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-33k€9k▲
Profit (loss) for the period9904€-33k€9k▲
Profit (loss) for the period to be appropriated9905€-33k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-35k▲
Profit (loss) brought forward from the previous period14P€-12k€-44k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
22-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · JSM-PROJECTS BV STEENWEG OP SINT-TRUIDEN 196, 3401 WALSHOUTEM · event 16-07-2024
2023
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · JSM-PROJECTS BV STEENWEG OP SINT-TRUIDEN 196, 3401 WALSHOUTEM · event 07-09-2023
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.26
Current ratio from 0.32 to 1.26; short-term debt falls from €31k to €20k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
15-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108A,
3400 LANDEN |
07-09-2023 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN- |
07-09-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 507 EUR awarded · 507 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 507 EUR | 507 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)