Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
JP Development from Brugge, company number BE0766888334, closed financial year 2024 with a result of € 24,620 after tax. For that financial year JP Development recorded a gross margin of € 58,391 and equity of € 68,424. Compared with financial year 2023, the result moved from € 13,571 to € 24,620. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2025.
€ 68,424
▲ 56% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,620
▲ 81% vs 2023
Profit after tax over the fiscal year.
€ 1,932
▼ 72% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 67,424.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 48,608
▼ 22% vs 2023
€ 14,964 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 18,435
▼ 31% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 45,527
▲ 81% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 42,577 | € 26,934 | € 58,391 | ▲ 117% |
| Profit after taxes | € 29,234 | € 13,571 | € 24,620 | ▲ 81% |
| Equity | € 30,234 | € 43,805 | € 68,424 | ▲ 56% |
| Total debts | € 155,063 | € 265,325 | € 274,618 | ▲ 4% |
| Cash | € 2,269 | € 6,949 | € 1,932 | ▼ 72% |
| Retained profit | € 29,234 | € 42,805 | € 67,424 | ▲ 58% |
| Bank debt | € 75,000 | € 62,655 | € 48,608 | ▼ 22% |
| Balance sheet total | € 185,297 | € 309,130 | € 343,042 | ▲ 11% |
Key figures of JP Development, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to JP Development?
What happened at JP Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
JP Development is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: profit of € 24,620 (▲ 81% vs 2023). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,234 profit in 2022 to € 24,620 profit in 2024.
Paid € 28,425 in corporate taxes since 2022.
Best year ever: 2022, with € 29,234 profit.
Management
Behind JP Development is Jean-Paul Godfroy. It owns 100% of Tidyy BV and 17.5% of Huswell BV itself.
Directors
According to the 2024 annual accounts
Jean-Paul Godfroy
Director
Establishments
Establishment units
Physical locations of this company
Doornstraat 76
8200 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0766.888.334
- VAT number
- BE 0766.888.334
- Registered office
- Doornstraat 76, 8200 Brugge
- Names & denominations
- JP Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 19 April 2021
- Peppol
- Not registered
- Activities · NACE
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