Jazz Projects · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Jazz Projects is 3.0% (moderate). The 2025 annual accounts show equity of €108k and a net result of €27k. Equity is growing by ~92.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 1090 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 1090 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	30-04-2026	on the day	2026-00097784
30-09-2024	30-04-2025	30-04-2025	on the day	2025-00086220
30-09-2023	30-04-2024	30-04-2024	on the day	2024-00081635
30-09-2022	30-04-2023	22-03-2023	39 d early	2023-00046740
30-09-2021	30-04-2022	21-03-2022	40 d early	2022-08100097

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, 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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.0% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Annual accounts: healthy financial profile −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€27k-38.6%

Working capital€49k+7.7%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~92.3%/year over 5 fiscal years, indicative, assuming unchanged policy.

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).

Sector comparison

Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	85.9%	25.9%	better than 95% of 1090 sector peers
Net result	€27k	€7k	better than 75% of 1092 sector peers
Equity	€108k	€23k	better than 85% of 1094 sector peers
Gross operating margin	€56k	€63k	better than 46% of 1088 sector peers
Total assets	€126k	€108k	better than 56% of 1090 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Improving position over 2021-2025 · n=1090-5634

Net result P75

Improving position over 2021-2025 · n=1092-5623

Equity P85

Improving position over 2021-2025 · n=1094-5646

Gross operating margin P46

Improving position over 2021-2025 · n=1088-5609

Describes the position versus peers, not a forecast.

EBITDA

€55k

-23.4% 21-25

Net profit

€27k

-38.6% 21-25

Cash flow

€46k

-21.2% 21-25

Total assets

€126k

-2.7% 21-25

Equity

€108k

+33.8% 21-25

Working capital

€49k

+7.7% 21-25

Income taxes

€10k

-21.0% 21-25

Debt

€18k

-63.4% 21-25

Debt ≤ 1y

€13k

-63.5% 21-25

Debt > 1y

€5k

-62.6% 21-25

Current ratio

4.82

+110.0% 21-25

Quick ratio

4.82

+110.0% 21-25

Solvency

85.9%

+37.5% 21-25

Debt / equity

0.16

-72.7% 21-25

ROE

25.3%

-54.1% 21-25

ROA

21.7%

-36.9% 21-25

Interest coverage

42.30

+40.0% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€55k
Net profit	€27k
Cash flow	€46k
Staff costs	-
Income taxes	€10k
Dividends	-
Total assets	€126k
Equity	€108k
Debt	€18k
of which ≤ 1y	€13k
of which > 1y	€5k
Working capital	€49k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	4.82
Quick ratio	4.82
Working capital ratio	38.8%
Solvency	85.9%
Debt / equity	0.16
Long-term debt ratio	0.04
Interest coverage	42.30
Gross margin	-
Net margin	-
ROA	21.7%
ROE	25.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €64k · 51.0% Current assets €62k · 49.0%

Equity & liabilities

Equity €108k · 85.9% Debt €18k · 14.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€126k
Fixed assets	21/28	€64k
Tangible fixed assets	22/27	€64k
Financial fixed assets	28	€46
Current assets	29/58	€62k
Amounts receivable within one year	40/41	€25k
Cash & bank	54/58	€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€126k
Equity	10/15	€108k
Contributions / capital	10/11	€8k
Reserves	13	€27k
Accumulated profits (losses)	14	€73k
Amounts payable	17/49	€18k
Amounts payable after one year	17	€5k
Amounts payable within one year	42/48	€13k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€56k
Operating result	9901	€37k
Financial income	75	€1k
Financial charges	65	€1k
Result before taxes	9903	€37k
Income taxes	67/77	€10k
Net result for the period	9904	€27k
Result to be appropriated	9905	€27k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Jazz Projects

Jan Persijnstraat(Kor) 12, 8500 KortrijkDetailhandel in tabaksproducten

since 20202.308.006.914

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area300 m²

Buildings1

Building footprint216 m²

Volume (LiDAR)2,329 m³

Tallest building20.0 m · ±4 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 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34022G0388/00H000	Flanders	300 m²	1 · 216 m²	20.0 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.