JFR PROJECTS

Active

Private limited companyfounded 20214 yrs activeHumaniteitslaan 65, 1601 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0776.675.040

Summary

The computed 12-month bankruptcy probability of JFR PROJECTS is 2.8% (moderate). The 2025 annual accounts show equity of €17k and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 34% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

37 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability16▼-78

Solvency57▲+3

Growth32▼-46

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.48 against 1.4 in 2024; short-term debt: 67.6% and cash: 3.5% of total assets), and 67.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32.4%

Return on assets

-8.5%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

30 d late

2024

31 d late

2023

29 d late

2022

33 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€170k

EBIT margin

11.9%

Net result

€-4k

2024 · €17k

2022: €16k 2023: €-16k 2024: €17k

2022 → 2025

Working capital

€17k▼ 20.7%

2024 · €21k

2022: €20k 2023: €4k 2024: €21k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Turnover€170k-

Equity€20k-€4k▼ 77.8%€21k▲ 377%€17k▼ 20.7%

Operating result€20k-€-5k€20k€-4k

Net result€16k-€-16k€17k€-4k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €4k after €20k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €52k

32.4%

67.6%

Equity €17k ▼ 20.7%

Debt €35k ▼ 33.3%

Debt's share of the balance-sheet total falls from 71.3% to 67.6%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

Current ratio

1.48▲

2024 · 1.40

Debt to equity

2.09▼

2024 · 2.48

ROE

-26.1%▼

2024 · 79.0%

ROA

-8.5%▼

2024 · 22.7%

Debt ≤ 1 year

€35k▼

2024 · €53k

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 · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€74k€52k▼

Current assets29/58€74k€52k▼

Amounts receivable within one year40/41€71k€49k▼

Trade receivables40€67k€44k▼

Other amounts receivable41€5k€5k▲

Cash at bank and in hand54/58€1k€2k▲

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€74k€52k▼

Equity10/15€21k€17k▼

Contributions10/11€5k€5k=

Reserves13€17k€17k=

Distributable reserves133€17k€17k=

Profit (loss) carried forward14€258€-4k▼

Amounts payable17/49€53k€35k▼

Amounts payable within one year42/48€53k€35k▼

Trade debts44€36k€20k▼

Suppliers440/4€36k€20k▼

Taxes, remuneration and social security45€11k€6k▼

Taxes450/3€2k€2k=

Remuneration and social security454/9€8k€3k▼

Other amounts payable47/48€6k€10k▲

Income statement Code20242025

Non-recurring operating income76A€4k€1k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€23k

Other operating charges640/8€906€614▼

Gross operating margin9900€21k€20k▼

Operating profit (loss)9901€20k€-4k▼

Financial income75/76B€1€258▲

Recurring financial income75€1€258▲

Financial charges65/66B€753€730▼

Recurring financial charges65€753€730▼

Profit (loss) for the period before taxes9903€19k€-4k▼

Income taxes67/77€2k-

Profit (loss) for the period9904€17k€-4k▼

Profit (loss) for the period to be appropriated9905€17k€-4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€-4k▼

Profit (loss) brought forward from the previous period14P€-46€258▲

Transfer to equity691/2€17k-

To other reserves6921€17k-

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 30 days late

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

31-12

Financial Back to profitnet €17k

Net result €17k after one loss-making year.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Weakest financial yearnet €-16k ▼200%

Net result drops to €-16k, the lowest in the series; recovery starts the following year.

28-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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

Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Humaniteitslaan 651601 Sint-Pieters-Leeuw

Ground area

3,035 m²

Building footprint

907 m²

Volume, LiDAR

9,517 m³

Parcel 23069A0267/00B003, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

JFR PROJECTS

Humaniteitslaan 65, 1601 Sint-Pieters-LeeuwConstruction of residential and non-residential buildings

since 20212.324.127.621

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23069A0267/00B003	Flanders	3,035 m²	1 · 907 m²	13.8 m · 3 fl.

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

Sint-Pieters-Leeuw · Eq €16,838

Oostende · Eq €16,831

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,964 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

Founded29-10-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.