Equity
€3.0m from €5.4m in 2019
Equity fell by 44% in 6 years.
Lebeau Residential
Lifetime
14 annual accounts with figures on one time axisTurnoverpeak €42.2m (2016)
-not published
Resultlowest -€590,154 (2015)
€944,724▲ €975,154
Equitypeak €5.4m (2019)
€3.0m▲ 46.2%
Debts
€9.5m▼ 32.0%
Staffpeak 0 FTE (2023)
0 FTE
Board8 names since 2019
3 directorsLady at Work BV and 2 others
Owners4 names in the annual accounts
100%IMMOBEL
Documentsfilings and deeds
11-08-202611 days late
2025financial year
Gross margin from -€8,344 to €1.3mBack to profit: €944,724Equity from €2.0m to €3.0mDebts from €14.0m to €9.5mCash from €2.1m to €4,172
Key points
from the 2025 annual accountsResult
€944,724 €944,724
Back in profit in 2025, after a loss of €30,429 in 2024.
Debts
€9.5m 76% of the balance sheet
Financial debts 64%Suppliers 0%Taxes and wages 4%Other 32%
Of this, €6.5m falls due within a year.
Filings
14 annual accounts since 2012
Four of the last ten came late. The 2019 accounts came latest: 66 days after the end of the period.
At the same address
104 companies
Position in the sector
€944,724
Higher net result than 90% of companies in real estate. Sector median €20,578 · 5,804 companies.
Checked score
88
Excellent
Financially stronger than 55% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.93, cash €4,172, halved
lowers risk
Size: total assets €12.5m
Founded in 2011
Figures for financial year 2025 (filed on 18-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 46% of them on solvency, 18% on liquidity, 65% on profitability and 89% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 172 companies had the same profile as Lebeau Residential has now. Each dot is one company, two years later.
96.5%
were still trading
3.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of Lebeau Residential itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 172 companies, not a prediction for Lebeau Residential. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.93 (1.69 in 2024), above the usual 1.5. Short-term debt is 51.7% and cash 0% of total assets. However, 76.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.0m
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 days late
2024
42 days early
2023
41 days early
2022
41 days early
2021
22 days late
2020
1 day early
2019
66 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 June (4 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
QK
Queen-K BV
Director, Olivier THIEL, since 20-07-2023
LA
L.A.W. BV
Director
KB
KPMG Bedrijfsrevisoren BV
Auditor, Robin Huybrechts
- IMMOBEL 100%score 87equity €322.0m (2025) · 2025 annual accounts of IMMOBEL
Recent changes
1 director reappointed
Permanent representatives: Frederic Poesen and Jonas Nachtergaele · L.A.W. BV · General meeting of 24-06-2026 · Gazette deed
Company renamed from chambon to Lebeau Residential
Resignation: A³ MANAGEMENT (director) · Appointment: AG Investment Management (director) · Permanent representative: GALLE Alfred · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
General meeting of 03-06-2024 · Gazette deed
Amendment of the articles
“tekst van artikel 3 van de nieuwe statuten” (deed in Dutch) · General meeting of 16-01-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Lebeau Residential Brussels | €12.5m | €1.3m | 23.9% | 0 |
| BERTRIX RETAIL PARK Bruges | €9.7m | €1.4m | 0.8% | 0 |
| ZAM Invest Scherpenheuvel-Zichem | €12.8m | €2.0m | 20.8% | 0 |
| IPR Real Estate Roeselare | €11.2m | €0.8m | 17.6% | 0 |
| HS-GROUP Ixelles | €7.8m | €1.2m | 25.6% | 0 |
| L.T. Management Zandhoven | €9.5m | €0.6m | 7.5% | 0 |
| WEYNE-PROJECTS Nieuwpoort | €8.0m | €0.6m | 23.4% | 0 |
These companies have the same main activity as Lebeau Residential: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €7.8m and €13m, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 12-07-2011Normal situation
- Registered office
- 105 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.246.143.8761000 Brussels, since 07-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Turnover
- ≈ €1.7mestimated
- Total assets
- €12.5m▼ 22.0%
- Filing
- Filed on 11-08-2026
Companies linked to Lebeau Residential
Parent and group
Insights on Lebeau Residential
Lebeau Residential has existed since 2011. Turnover fell from €4.4m in 2018 to €80,995 in 2019.
Solvency rose in 2025 from 12.8% to 23.9% because of the retained profit and lower debts.
IMMOBEL holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Lebeau Residential
- What is the company number of Lebeau Residential?
- The company number of Lebeau Residential is 0837.807.509. The VAT number is the same number with BE in front: BE 0837.807.509.
- Where is Lebeau Residential based?
- The registered office is at Anspachlaan 1, 1000 Brussels.Company details
- What does Lebeau Residential do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Lebeau Residential?
- Lebeau Residential is a public limited company (NV).
- When was Lebeau Residential founded?
- Lebeau Residential was founded on 12-07-2011.
- Is Lebeau Residential still active?
- Yes, Lebeau Residential is an active enterprise in the KBO register.
- What is the turnover of Lebeau Residential?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €1.3m and 39 comparable companies (NACE 681). It probably lies between €1.3m and €3.8m. In financial year 2020 turnover was €1.3m.Financials
- Is Lebeau Residential profitable?
- In financial year 2025, Lebeau Residential made a profit of €944,724.
- Where can I find the annual accounts of Lebeau Residential?
- Lebeau Residential filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Lebeau Residential due?
- Lebeau Residential must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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