2L PROJECT
Annual accounts 2025
micro format, filed on 06-10-2026, 67 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €90,000 and €160,000.
Balance sheet
balance sheet total €429,839 on 31-12-2025in euro
in euro
Position in the sector
15.3%
Higher than 17% of 15,834 companies in 2025.
0.09
Lower than 95% of 15,606 companies in 2025.
5.8%
Higher than 22% of 15,723 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
429,839 | 449,816 | 469,685 | 456,779 | 430,003 | 281,761 | |
21/28 |
397,948 | 420,403 | 427,857 | 435,311 | 400,000 | 250,000 | |
22/27 |
12,948 | 20,403 | 27,857 | 35,311 | - | - | |
24 |
12,948 | 20,403 | 27,857 | 35,311 | - | - | |
28 |
385,000 | 400,000 | 400,000 | 400,000 | 400,000 | 250,000 | |
29/58 |
31,891 | 29,413 | 41,828 | 21,467 | 30,003 | 31,761 | |
40/41 |
15,230 | 28,132 | 34,393 | 18,279 | 24,936 | 27,221 | |
40 |
13,310 | 26,212 | 34,393 | 16,519 | 24,936 | 27,221 | |
41 |
1,920 | 1,920 | - | 1,760 | - | - | |
54/58 |
15,479 | 396 | 5,475 | 2,473 | 4,129 | 3,643 | |
490/1 |
1,182 | 885 | 1,959 | 715 | 937 | 898 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
429,839 | 449,816 | 469,685 | 456,779 | 430,003 | 281,761 | |
10/15 |
65,922 | 40,905 | 67,796 | 71,665 | 55,431 | 34,501 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
13 |
25,017 | - | - | - | - | - | |
133 |
25,017 | - | - | - | - | - | |
14 |
30,905 | 30,905 | 57,796 | 61,665 | 45,431 | 24,501 | |
17/49 |
363,917 | 408,911 | 401,889 | 385,114 | 374,571 | 247,261 | |
17 |
16,772 | 53,914 | 90,189 | 125,621 | 124,533 | 152,425 | |
170/4 |
16,772 | 53,914 | 90,189 | 125,621 | 124,533 | 152,425 | |
42/48 |
344,666 | 352,455 | 309,158 | 256,951 | 247,497 | 92,294 | |
42 |
37,142 | 48,705 | 47,861 | 47,042 | 55,152 | 27,376 | |
44 |
120,610 | 136,909 | 65,927 | 45,709 | 21,382 | 13,516 | |
440/4 |
119,122 | 136,909 | 65,927 | 45,709 | 21,382 | 13,516 | |
441 |
1,488 | - | - | - | - | - | |
46 |
12,430 | - | - | - | - | - | |
45 |
41,730 | 35,242 | 67,017 | 49,593 | 33,745 | 18,506 | |
450/3 |
41,730 | 35,242 | 41,867 | 43,407 | 29,177 | 16,128 | |
454/9 |
- | - | 25,151 | 6,187 | 4,568 | 2,378 | |
47/48 |
132,754 | 131,599 | 128,352 | 114,608 | 137,219 | 32,896 | |
492/3 |
2,479 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | |
| Income statement | |||||||
9900 |
55,889 | -3,159 | 17,645 | 37,522 | 34,863 | 36,798 | |
630 |
7,454 | 7,454 | 7,454 | 1,961 | - | - | |
640/8 |
1,187 | 7,812 | 1,070 | 1,377 | 2,547 | - | |
66A |
- | - | - | - | - | 132 | |
9901 |
47,247 | -18,425 | 9,121 | 34,184 | 32,316 | 36,666 | |
75/76B |
0 | 14 | - | 1 | - | 0 | |
75 |
0 | 14 | - | 1 | - | 0 | |
65/66B |
8,390 | 8,095 | 7,707 | 11,316 | 4,128 | 4,754 | |
65 |
8,390 | 8,095 | 7,707 | 11,316 | 4,128 | 4,754 | |
9903 |
38,858 | -26,506 | 1,414 | 22,869 | 28,188 | 31,912 | |
67/77 |
13,841 | 385 | 5,283 | 6,635 | 7,258 | 7,411 | |
9904 |
25,017 | -26,891 | -3,869 | 16,234 | 20,930 | 24,501 | |
9905 |
25,017 | -26,891 | -3,869 | 16,234 | 20,930 | 24,501 | |
| Appropriation of the result | |||||||
9906 |
55,922 | 30,905 | 57,796 | 61,665 | 45,431 | 24,501 | |
14P |
30,905 | 57,796 | 61,665 | 45,431 | 24,501 | - | |
691/2 |
25,017 | - | - | - | - | - | |
6921 |
25,017 | - | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 67 days after the deadline. Filed on 6 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00547637.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-10-2026 | 2026-00547637 | |
| 31-12-2024 | micro format | 10-09-2026 | 2026-00510170 | |
| 31-12-2023 | micro format | 29-04-2025 | 2025-00081943 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00487286 | |
| 31-12-2021 | micro format | 27-10-2022 | 2022-20484801 | |
| 31-12-2020 | micro format | 16-09-2021 | 2021-67400542 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 54,702 | -10,971 | 16,575 | 36,144 | - | - | ||
| 32,471 | -19,437 | 3,586 | 18,194 | - | - | ||
| -15,000 | 0 | 0 | 37,272 | 150,000 | 250,000 | ||
| 15,083 | -5,080 | 3,002 | -1,656 | 486 | - | ||
| -312,775 | -323,042 | -267,330 | -235,484 | -217,494 | -60,532 | ||
| 15.3% | 9.1% | 14.4% | 15.7% | 12.9% | 12.2% | ||
| 0.09 | 0.08 | 0.14 | 0.08 | 0.12 | 0.34 | ||
| 5.52 | 10.00 | 5.93 | 5.37 | 6.76 | 7.17 | ||
| 37.9% | -65.7% | -5.7% | 22.7% | 37.8% | 71.0% | ||
| 5.8% | -6.0% | -0.8% | 3.6% | 4.9% | 8.7% | ||
| 6.52 | -1.36 | 2.15 | 3.19 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €37,272 | - |
| Financial fixed assets | - | - | - | - | €150,000 |
| €7,454 | €7,454 | €7,454 | €1,961 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on 2L PROJECT
The operating result for 2025 is a profit of €47,247, after a loss of €18,425 in 2024. It is the highest result since 2020.
Debt's share of the balance-sheet total falls from 90.9% to 84.7%. Equity is higher and debt is lower.