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A.J PROJECT

Active
Limited partnership· 7 yrs active
KBO/BCE: BE 0713.407.185
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age7 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of A.J PROJECT is 2.5% (moderate). The 2022 annual accounts show equity of €9k and a net result of €-6k. Equity is growing by ~60% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.5% Moderate
0%0,5%1,5%4%10%≥25%
Lower-risk legal form Annual accounts: weaker financial profile +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Trust signals

2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

Turnover€41k-90.8%
EBIT margin2.4%-0.1pp
Net result€-6k
Working capital€6k-42.5%

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 13-03-2024 with the NBB · fiscal year 2022 · micro
€-200k€0€200k€400kRevenue 2019: €86k€86kOperating result 2019: €-491€-491Net result 2019: €-654€-654Revenue 2020: €77k€77kOperating result 2020: €5k€5kNet result 2020: €4k€4kRevenue 2021: €448k€448kOperating result 2021: €11k€11kNet result 2021: €10k€10kRevenue 2022: €41k€41kOperating result 2022: €995€995Net result 2022: €-6k€-6k2019202020212022
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~60%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-10k€0€10k€20k€30k2023: €15k (€13k - €18k)2024: €19k (€15k - €24k)2025: €23k (€17k - €29k)2019: €-5542020: €4k2021: €14k2022: €9k2019202020212022202320242025
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€41k
-90.8% 19-22
EBITDA
€2k
-83.7% 19-22
Net profit
€-6k
- 19-22
Cash flow
€-4k
- 19-22
Total assets
€62k
-56.7% 19-22
Equity
€9k
-38.4% 19-22
Working capital
€6k
-42.5% 19-22
Income taxes
€3k
- 19-22
Debt
€53k
-58.7% 19-22
Debt ≤ 1y
€53k
-58.7% 19-22
Current ratio
1.11
+3.0% 19-22
Quick ratio
1.11
+3.0% 19-22
Solvency
14.3%
+42.3% 19-22
Debt / equity
5.99
-33.1% 19-22
ROE
-62.3%
- 19-22
ROA
-8.9%
- 19-22
Net margin
-13.4%
- 19-22
EBITDA margin
4.9%
+77.1% 19-22
Interest coverage
0.56
-94.9% 19-22
Figures by fiscal year
Fiscal year2022
Revenue€41k
EBITDA€2k
Net profit€-6k
Cash flow€-4k
Staff costs-
Income taxes€3k
Dividends-
Total assets€62k
Equity€9k
Debt€53k
of which ≤ 1y€53k
of which > 1y-
Working capital€6k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.11
Quick ratio1.11
Working capital ratio9.8%
Solvency14.3%
Debt / equity5.99
Long-term debt ratio-
Interest coverage0.56
Gross margin4.9%
Net margin-13.4%
ROA-8.9%
ROE-62.3%
EBITDA margin4.9%
Days sales outstanding493d
Days payable outstanding13d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€62k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€59k
Amounts receivable within one year 40/41€59k
Cash & bank 54/58€144
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€62k
Equity 10/15€9k
Contributions / capital 10/11€100
Accumulated profits (losses) 14€9k
Amounts payable 17/49€53k
Amounts payable within one year 42/48€53k
Trade debts payable within one year 44€1k
Income statement
Turnover 70€41k
Gross operating margin 9900€2k
Operating result 9901€995
Financial charges 65€4k
Result before taxes 9903€-3k
Income taxes 67/77€3k
Net result for the period 9904€-6k
Result to be appropriated 9905€-6k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
29 / 100 Weak
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
457 companies at this address See who is registered here

Establishment units

2 locations
A.J PROJECT
Generaal Eenensstraat 39, 1030 SchaarbeekPersonenvervoer over de weg zonder dienstregeling
since 20182.285.626.638
Establishment
Algemene bouw van residentiële gebouwen
since 20192.289.925.223
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area1,495 m²
Buildings3
Building footprint985 m²
Volume (LiDAR)16,067 m³
Tallest building27.7 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (33.3%) Brussels 2 (66.7%)
Parcel (capakey) Region Area Buildings Height / fl.
22302C0229/00H000 Flanders 726 m² 1 · 402 m² 17.2 m · 4 fl.
21808H1778/00D000 Brussels 670 m² 1 · 488 m² 27.7 m · 8 fl.
21910E0137/00A002 Brussels 98 m² 1 · 95 m² 15.6 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
Address history · 1
31-03-2023
Registered-office move
All acts · 1 updated 3 years ago
2023
31-03-2023 Registered office moved from Wezembeek-Oppem to Brussel Registered-office change·Bruno le MAIRE
  • 1970 Wezembeek-Oppem, Grensstraat 166 → 1000 Brussel, Keizerslaan 10
Notary: Bruno le MAIRE · Brussel

Analysis

Snowflake analysis

financial profile on 5 axes
Health29Profitability8Solvency23Growth35Stability100
39 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 29
Profitability 8
Solvency 23
Growth 35
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR A.J PROJECT
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.