L & A Projects
ActiveSummary
L & A Projects has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,739 and a net result of -€6,280. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-42
Solvency52▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.39 in 2024; short-term debt: 48.3% and cash: 0% of total assets), and 73.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
26.7%
Return on assets
-1.3%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
2 d early
2023
on the day
2022
4 d early
2021
33 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€127,739▼ 4.7%
2024 · €134,019
Total assets
€478,441▼ 0.7%
2024 · €482,008
Net result
-€6,280
2024 · €247,891
Working capital
-€128,828▲ 3.0%
2024 · -€132,853
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,642-€187,644▼ 3,942%€111,514€307,326▲ 176%-€2,360
Net result-€34,531below the sector's middle half▼ 442%-€222,960below the sector's middle half▼ 546%€80,461above the sector's middle half€247,891above the sector's middle half▲ 208%-€6,280below the sector's middle half
Equity€120,826within the sector's middle half▼ 22.2%-€102,134below the sector's middle half-€21,673below the sector's middle half▲ 78.8%€134,019within the sector's middle half€127,739within the sector's middle half▼ 4.7%
Total assets€1.2mwithin the sector's middle half▲ 10.9%€1.1mwithin the sector's middle half▼ 7.2%€791,928above the sector's middle half▼ 28.9%€482,008above the sector's middle half▼ 39.1%€478,441above the sector's middle half▼ 0.7%
Debt€1.1m▲ 16.5%€1.2m▲ 12.6%€813,601▼ 33.1%€347,989▼ 57.2%€350,703▲ 0.8%
Working capital€30,313below the sector's middle half▲ 602%-€51,882below the sector's middle half-€63,525below the sector's middle half▼ 22.4%-€132,853below the sector's middle half▼ 109%-€128,828below the sector's middle half▲ 3.0%
Solvency10.1%below the sector's middle half▼ 4.3pp-9.2%below the sector's middle half▼ 19.2pp-2.7%below the sector's middle half▲ 6.4pp27.8%within the sector's middle half▲ 30.5pp26.7%within the sector's middle half▼ 1.1pp
Current ratio1.06below the sector's middle half▲ 0.050.90below the sector's middle half▼ 0.160.87below the sector's middle half▼ 0.030.39below the sector's middle half▼ 0.480.44below the sector's middle half▲ 0.05
Return on assets (ROA)-2.9%below the sector's middle half▼ 2.3pp-20.0%below the sector's middle half▼ 17.1pp10.2%within the sector's middle half▲ 30.2pp51.4%above the sector's middle half▲ 41.3pp-1.3%below the sector's middle half▼ 52.7pp
Staff (FTE)5.4within the sector's middle half▲ 3.8%7.2within the sector's middle half▲ 33.3%3.1▼ 56.9%1.8▼ 41.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,360 after €307,326 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €478,441
Fixed assets
€376,084 ▼ 5.5%
Current assets
€102,357 ▲ 21.5%
Equity and liabilities €478,441
Equity
€127,739 ▼ 4.7%
Debt
€350,703 ▲ 0.8%
Debt's share of the balance-sheet total rises from 72.2% to 73.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,348▼
2024 · €314,724
Cash flow
€15,428▼
2024 · €255,289
Debt to equity
2.75▲
2024 · 2.60
ROE
-4.9%▼
2024 · 185.0%
Interest coverage
4.94▼
2024 · 10.82
Debt ≤ 1 year
€231,186▲
2024 · €217,069
Debt > 1 year
€119,517▼
2024 · €130,518
Staff costs
€82▼
2024 · €43,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €50,000 | €7,168 | - | - |
| Remuneration, social security and pensions62 | - | €283,233 | €124,477 | €43,057 | €82 | ▼ 99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,684 | €56,699 | €24,219 | €7,398 | €21,708 | ▲ 193% |
| Other operating charges640/8 | - | €8,628 | €4,459 | €3,533 | €2,306 | ▼ 34.7% |
| Non-recurring operating charges66A | - | - | €12,744 | - | - | - |
| Gross operating margin9900 | €294,474 | €160,916 | €277,413 | €361,314 | €21,736 | ▼ 94.0% |
| Operating profit (loss)9901 | -€4,642 | -€187,644 | €111,514 | €307,326 | -€2,360 | ▼ 101% |
| Financial income75/76B | - | €1,210 | - | €1,973 | - | - |
| Recurring financial income75 | - | €1,210 | - | €1,973 | - | - |
| Non-recurring financial income76B | - | €1,210 | - | - | - | - |
| Financial charges65/66B | - | €35,038 | €31,053 | €29,083 | €3,920 | ▼ 86.5% |
| Recurring financial charges65 | €31,430 | €35,038 | €30,393 | €29,083 | €3,920 | ▼ 86.5% |
| Non-recurring financial charges66B | - | - | €660 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€33,072 | -€221,472 | €80,461 | €280,216 | -€6,280 | ▼ 102% |
| Income taxes67/77 | €1,459 | €1,488 | - | €32,324 | - | - |
| Profit (loss) for the period9904 | -€34,531 | -€222,960 | €80,461 | €247,891 | -€6,280 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€34,531 | -€222,960 | €80,461 | €247,891 | -€6,280 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €791,928 | €482,008 | €478,441 | ▼ 0.7% |
| Fixed assets21/28 | €701,746 | €646,081 | €371,617 | €397,792 | €376,084 | ▼ 5.5% |
| Tangible fixed assets22/27 | €701,746 | €646,081 | €371,617 | €397,792 | €376,084 | ▼ 5.5% |
| Land and buildings22 | - | €643,250 | €369,975 | €393,934 | €373,934 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €1,929 | - | - | - | - |
| Furniture and vehicles24 | - | €902 | €1,642 | €3,858 | €2,150 | ▼ 44.3% |
| Current assets29/58 | €499,334 | €467,936 | €420,311 | €84,216 | €102,357 | ▲ 21.5% |
| Stocks and contracts in progress3 | €285,353 | €251,461 | €216,749 | - | - | - |
| Stocks30/36 | - | €251,461 | €216,749 | - | - | - |
| Amounts receivable within one year40/41 | €150,608 | €134,563 | €101,158 | €80,953 | €99,941 | ▲ 23.5% |
| Trade receivables40 | - | €132,878 | €101,158 | €80,953 | €98,953 | ▲ 22.2% |
| Other amounts receivable41 | - | €1,685 | - | - | €988 | - |
| Cash at bank and in hand54/58 | €4,799 | €181 | €24,797 | €3,134 | €86 | ▼ 97.3% |
| Deferred charges and accrued income490/1 | - | €81,731 | €77,606 | €129 | €2,331 | ▲ 1,707% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €791,928 | €482,008 | €478,441 | ▼ 0.7% |
| Equity10/15 | €120,826 | -€102,134 | -€21,673 | €134,019 | €127,739 | ▼ 4.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | - | - | - | - |
| Issued capital100 | - | €18,592 | - | - | - | - |
| Revaluation surpluses12 | - | €92,200 | €92,200 | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €8,175 | -€214,785 | -€134,324 | €113,568 | €107,287 | ▼ 5.5% |
| Amounts payable17/49 | €1.1m | €1.2m | €813,601 | €347,989 | €350,703 | ▲ 0.8% |
| Amounts payable after more than one year17 | €611,233 | €576,333 | €329,764 | €130,518 | €119,517 | ▼ 8.4% |
| Financial debts170/4 | - | €576,333 | €329,764 | €130,518 | €119,517 | ▼ 8.4% |
| Amounts payable within one year42/48 | €469,021 | €519,818 | €483,836 | €217,069 | €231,186 | ▲ 6.5% |
| Current portion of amounts payable after more than one year42 | - | €200,000 | €239,956 | €10,442 | €10,640 | ▲ 1.9% |
| Trade debts44 | €205,708 | €158,914 | €134,734 | €121,527 | €99,349 | ▼ 18.2% |
| Suppliers440/4 | - | €158,914 | €134,734 | €121,527 | €99,349 | ▼ 18.2% |
| Taxes, remuneration and social security45 | - | €71,247 | €5,963 | €36,591 | €27,816 | ▼ 24.0% |
| Taxes450/3 | - | €46,947 | €2,133 | €32,324 | €23,549 | ▼ 27.1% |
| Remuneration and social security454/9 | - | €24,300 | €3,831 | €4,267 | €4,267 | = |
| Other amounts payable47/48 | - | €89,657 | €103,183 | €48,509 | €93,380 | ▲ 92.5% |
| Accrued charges and deferred income492/3 | - | €120,000 | - | €402 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,531 | -€222,960 | €80,461 | €247,891 | -€6,280 | ▼ 103% |
| + Depreciation and write-downs630 | €63,684 | €56,699 | €24,219 | €7,398 | €21,708 | ▲ 193% |
| Operating cash flow (approximation) | €29,153 | -€166,261 | €104,681 | €255,289 | €15,428 | ▼ 94.0% |
| Investment in fixed assets (approximation) | - | -€1,034 | €250,244 | -€33,573 | €0 | ▲ 100% |
| Change in cash | - | -€4,618 | €24,616 | -€21,663 | -€3,048 | ▲ 85.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-09
State Gazette act
Appointment: Denis Dave (director)Resignation: D&D (director)3 facts ▸
State Gazette act
Appointment: Denis Dave (director)
Resignation: D&D (director)3 facts ▸
- General meeting, 21-05-2026
- Director appointment, Denis Dave (director)
- Director resignation, D&D (director)
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €247,891 ▲208%
Operating result €307,326, net result €247,891, both a record.
31-03
Financial
Equity above €100,000Eq €134,019
2 profitable years in a row build equity to €134,019.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €80,461
Net result €80,461 after 3 loss-making years.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€222,960
Net result drops to -€222,960, the lowest in the series; recovery starts the following year.
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 33 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Denis Dave
CurrentDirector · since 28-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 1998
Ground area
2,024 m²
Building footprint
1,194 m²
Volume, LiDAR
5,256 m³
2 parcels, Flanders · tallest building 14.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
L & A Projects
since 19982.086.899.966
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0466/00W004 | Flanders | 1,171 m² | 1 · 1,007 m² | 14.0 m · 1 fl. |
| 13049D1120/00G000 | Flanders | 852 m² | 1 · 187 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Denis Dave |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 7,700 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-04-1998
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
43240Other construction installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463216273
Also
9925:BE0463216273
Registered
11-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.