JUVA PROJECTS
ActiveSummary
JUVA PROJECTS has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €751,063 and a net result of -€246,713. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 67% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-07-2010 Normal situation
- Activity
- Development of residential building projects NACE 68121and 5 others
- Establishment unit
- 2.189.599.509 8680 Koekelare, since 12-07-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 24-09-2025
Board and ownership
- Julie DELANCKERDirector · since 08-12-2023
- DELDEM100%· score 942025 annual accounts of DELDEM
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €55,292
- Turnover
- ≈ €140,000
- estimated
- Loss
- €246,713
- ▲ 116%
- Equity
- €751,063
- ▼ 24.7%
- Total assets
- €1.5m
- ▼ 12.8%
Score breakdownraises riskLoss of €246,713, the second in a row (financial year 2025)Liquidity: current ratio 14.22, cash €82,385, halvedlowers riskSize: total assets €1.5mFigures for financial year 2025 (filed on 23-06-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 65% of them on solvency, 68% on liquidity, 4% on profitability and 19% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2025 is a loss of €248,863, larger than the loss of €149,754 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | €603 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,889 | €53,000 | €128,800 | €57,596 | €16,000 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €253 | €9,868 | €16,894 | €48,202 | €52,309 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €145 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €253 | €0.01m | €0.02m | €0.05m | €0.05m | ▲ 8.5% |
| Other operating charges640/8 | - | - | - | €161 | €128 | €115 | €0.001m | €0.03m | ▲ 24× |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.2m | - |
| Gross operating margin9900 | -€0.02m | -€0.08m | -€0.2m | €0.1m | €2.0m | -€0.1m | -€0.1m | €0.06m | - |
| Operating profit (loss)9901 | -€0.02m | -€0.08m | -€0.2m | €0.1m | €2.0m | -€0.1m | -€0.1m | -€0.2m | ▼ 66.2% |
| Financial income75/76B | - | - | - | €0.005m | €0.009m | €16 | €0.04m | €0.04m | ▲ 18.5% |
| Recurring financial income75 | €0.008m | €0.008m | €0.007m | €0.005m | €0.009m | €16 | €0.04m | €0.04m | ▲ 18.5% |
| Financial charges65/66B | - | - | - | €296 | €0.09m | €0.06m | €0.001m | €0.04m | ▲ 71× |
| Recurring financial charges65 | €25 | €195 | €178 | €296 | €0.09m | €0.06m | €0.001m | €0.04m | ▲ 71× |
| Profit (loss) for the period before taxes9903 | -€0.01m | -€0.07m | -€0.2m | €0.1m | €1.9m | -€0.2m | -€0.1m | -€0.2m | ▼ 116% |
| Income taxes67/77 | - | - | - | - | €0.4m | €101 | €0.001m | €433 | ▼ 13.8% |
| Profit (loss) for the period9904 | -€0.01m | -€0.07m | -€0.2m | €0.1m | €1.5m | -€0.2m | -€0.1m | -€0.2m | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | -€0.01m | -€0.07m | -€0.2m | €0.1m | €1.5m | -€0.2m | -€0.1m | -€0.2m | ▼ 116% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.5m | €0.9m | €2.5m | €4.4m | €1.4m | €1.7m | €1.5m | ▼ 12.8% |
| Fixed assets21/28 | - | - | €0.005m | €0.009m | €0.05m | €0.2m | €0.2m | €0.1m | ▼ 21.0% |
| Tangible fixed assets22/27 | - | - | - | €0.004m | €0.05m | €0.2m | €0.2m | €0.1m | ▼ 21.6% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.003m | €0.008m | €0.007m | €0.02m | ▲ 154% |
| Furniture and vehicles24 | - | - | - | - | €0.04m | €0.2m | €0.2m | €0.1m | ▼ 29.3% |
| Financial fixed assets28 | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Current assets29/58 | €0.5m | €0.5m | €0.9m | €2.5m | €4.4m | €1.2m | €1.5m | €1.3m | ▼ 11.9% |
| Stocks and contracts in progress3 | €0.03m | €0.03m | €0.5m | €2.0m | €0.02m | €0.02m | €0.1m | €0.2m | ▲ 45.9% |
| Stocks30/36 | - | - | - | €2.0m | €0.02m | €0.02m | €0.1m | €0.2m | ▲ 45.9% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.3m | €0.3m | €4.1m | €0.5m | €0.6m | €1.0m | ▲ 62.6% |
| Trade receivables40 | - | - | - | €0.004m | €3.2m | €0.004m | €0.004m | €0.003m | ▼ 20.6% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.9m | €0.5m | €0.6m | €1.0m | ▲ 63.1% |
| Current investments50/53 | - | - | - | - | - | €0.5m | €0.5m | €0.07m | ▼ 86.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.03m | €0.2m | €0.3m | €0.2m | €0.3m | €0.08m | ▼ 70.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.01m | €0.002m | €0.001m | €0.002m | ▲ 320% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.5m | €0.9m | €2.5m | €4.4m | €1.4m | €1.7m | €1.5m | ▼ 12.8% |
| Equity10/15 | €0.001m | -€0.07m | -€0.3m | -€0.2m | €1.3m | €1.1m | €1.0m | €0.8m | ▼ 24.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.03m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.1m | -€0.3m | -€0.2m | - | -€0.2m | -€0.3m | -€0.5m | ▼ 83.0% |
| Amounts payable17/49 | €0.5m | €0.6m | €1.2m | €2.7m | €3.1m | €0.3m | €0.7m | €0.7m | ▲ 4.3% |
| Amounts payable after more than one year17 | - | - | - | €0.6m | - | - | - | €0.6m | - |
| Financial debts170/4 | - | - | - | €0.6m | - | - | - | €0.6m | - |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €1.2m | €2.1m | €2.9m | €0.3m | €0.7m | €0.09m | ▼ 86.4% |
| Trade debts44 | €0.02m | €468 | €0.001m | €0.006m | €0.2m | €0.006m | €0.01m | €0.003m | ▼ 76.5% |
| Suppliers440/4 | - | - | - | €0.006m | €0.2m | €0.006m | €0.01m | €0.003m | ▼ 76.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €1.0m | €0.02m | €0.001m | €0.01m | ▲ 19× |
| Taxes450/3 | - | - | - | - | €1.0m | €0.02m | €0.001m | €0.01m | ▲ 19× |
| Other amounts payable47/48 | - | - | - | €2.1m | €1.8m | €0.2m | €0.7m | €0.08m | ▼ 88.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.2m | €0.007m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.01m | -€0.07m | -€0.2m | €0.1m | €1.5m | -€0.2m | -€0.1m | -€0.2m | ▼ 116% |
| + Depreciation and write-downs630 | - | - | - | €253 | €0.01m | €0.02m | €0.05m | €0.05m | ▲ 8.5% |
| Operating cash flow (approximation) | -€0.01m | -€0.07m | -€0.2m | €0.1m | €1.5m | -€0.2m | -€0.07m | -€0.2m | ▼ 194% |
| Investment in fixed assets (approximation) | - | - | - | -€0.004m | -€0.05m | -€0.1m | -€0.06m | -€0.02m | ▲ 72.2% |
| Change in cash | - | €0.006m | €0.006m | €0.2m | €0.05m | -€0.09m | €0.07m | -€0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 376 companies had the same profile as JUVA PROJECTS has now. Two years later, 91.8% were still going and 0.8% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JUVA PROJECTS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 376 companies, not a prediction for JUVA PROJECTS. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00194530 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00210231 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00237472 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00257219 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20114164 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27700251 | |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25500180 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-24100564 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-24100522 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21700025 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- DELDEM
- JUVA PROJECTS
Owners 1
- DELDEMparentSourceaccounts DELDEM 2025Equity €2.8m Profit of €174,576 in 2025 (profit of €200,673 in 2024) Checked score 94100%
Capital transactions
- 12-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Julie DELANCKER |
|
| Frank Delancker |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene kosten, los van representatie-,reis-en verplaatsingskosten, absolute meerderheid”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid aantal verworven aandelen bij meerdere kopers, elke overdracht…”
Articles of association, deed of 12-12-2023 (in Dutch)
Network & group
Companies at the same address
4 other companiesConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
12-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: Frank DELANCKER (manager) · Appointment: Julie DELANCKER (director) · Incorporation15 points ▸
- Incorporation, 29-06-2010
- General meeting, 06-12-2023
- Director resignation, Frank DELANCKER (manager (not named in the articles))
- Other provision, “kwijting ontslagnemende bestuurder voor uitoefening mandaat, volgende jaarvergadering” (deed in Dutch)
- Director appointment, Julie DELANCKER (director (not named in the articles))
- Other provision, “Centraal Register van bestuursverboden, geen enkel verbod” (deed in Dutch)
- Other provision, “voorzitter, vrijstelling voorlezing bijzonder verslag bestuursorgaan over wijziging voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden van de statutenwijziging” (deed in Dutch)
- Capital
- The act holds 3 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0827.415.740
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32010C0154/00N000 | Flanders | 5,425 m² | 1 · 157 m² | 7.8 m · 1 |