Equity
€6,812 from €52,166 in 2019
Equity fell by 87% in 6 years.
L PROJECTS & TECHNICS
Lifetime
9 annual accounts with figures on one time axispeak €82,295 (2019)
€15,456▼ 4.2%
lowest -€33,512 (2017)
€2,887▼ 37.9%
peak €52,166 (2019)
€6,812▼ 85.4%
€60,399▲ 23.3%
peak 1.1 FTE (2019)
-not published
Board1 name since 2019
-
Documentsfilings and deeds
14-09-202645 days late
2025micro format
Result from €4,650 to €2,887Equity from €46,725 to €6,812Debts from €48,983 to €60,399Cash from €795 to €1,749
Key points
from the 2025 annual accountsTurnover
≈ €100,000 estimated
The micro format states no turnover.
Debts
€60,399 90% of the balance sheet
Financial debts 16%Suppliers 45%Taxes and wages 10%Other 29%
Of this, €60,244 falls due within a year.
Investments
€4,309 6.8 × depreciation
Green is investment, beige is depreciation.
Filings
9 annual accounts 9 late
The 2022 accounts came latest: 60 days after the end of the period.
Position in the sector
€6,812
Less equity than 86% of companies in fabricated metal products. Sector median €72,830 · 2,346 companies.
Checked score
52
Fair
Financially stronger than 11% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.5%▼ -0.1 percentage points vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025
08-2025: 2.1%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.3%▼ -0.8 percentage points vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026lowest value
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.3 percentage points vs 07-2026
09-2026: 1.8%▲ +0.3 percentage points vs 08-2026
10-2026: 1.9%▲ +0.1 percentage points vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 45 days late; 1 of the last 3 accounts late
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 1.01, cash €1,749
lowers risk
Size: total assets €67,212
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 25, micro). It does better than 14% of them on solvency, 3% on liquidity, 21% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 4,508 companies had the same profile as L PROJECTS & TECHNICS has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of L PROJECTS & TECHNICS itself is higher: 1.9% within 12 months. It rests on far more data about L PROJECTS & TECHNICS than the profile alone.
Test of the method
The method was tested on the 497,448 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 4,508 companies, not a prediction for L PROJECTS & TECHNICS. 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 check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2343 sector peers (2025).
NBB · sector comparisonPosition among 2343 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 45 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
45 days late
2024
14 days late
2023
29 days late
2022
60 days late
2021
31 days late
2020
31 days late
2019
34 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 35 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0656772647
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“aangevuld voorwerp” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Registered office moved within Zedelgem
New registered office: Kleine Hutstraat 3, 8210 Zedelgem · Previous registered office: Kleine Hutstraat 5, 8210 Zedelgem · Gazette deed
Capital increase of €25,000 to €50,000
Capital from €25,000 to €50,000, 2,500 new shares · General meeting of 07-06-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| L PROJECTS & TECHNICS Zedelgem | €67,212 | €15,456 | 10.1% | - |
| EUROP BALTA'S Beringen | €55,522 | €15,666 | 70.3% | - |
| VANSCHOUBROEK CONSTRUCTIONS Ghent | €52,138 | €15,140 | 36.9% | - |
| PRECI-TECH Scherpenheuvel-Zichem | €49,939 | €14,570 | 52.8% | - |
| JOERI NAUDTS INOX- EN METAALCONSTRUCTIES Lokeren | €74,808 | €19,238 | 94.3% | - |
| LASWERKEN HERNO Lommel | €75,452 | €18,579 | 92.8% | - |
| HVH Wuustwezel | €70,972 | €12,214 | 35.4% | - |
These companies have the same main activity as L PROJECTS & TECHNICS: machining of metals (NACE 25530). They are comparable in size and age: total assets between €49,900 and €75,500, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 20-06-2016Normal situation
- Activity
- Machining of metalsNACE 25530and 2 others
- Establishment unit
- 2.276.296.0308210 Zedelgem, since 20-06-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on L PROJECTS & TECHNICS
L PROJECTS & TECHNICS files the micro format. That format states no turnover. The gross margin fell from €19,684 in 2017 to €15,456 in 2025.
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 L PROJECTS & TECHNICS
- What is the company number of L PROJECTS & TECHNICS?
- The company number of L PROJECTS & TECHNICS is 0656.772.647. The VAT number is the same number with BE in front: BE 0656.772.647.
- Where is L PROJECTS & TECHNICS based?
- The registered office is at Kleine Hutstraat 3, 8210 Zedelgem.Company details
- What does L PROJECTS & TECHNICS do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of L PROJECTS & TECHNICS?
- L PROJECTS & TECHNICS is a private limited company (BV).
- When was L PROJECTS & TECHNICS founded?
- L PROJECTS & TECHNICS was founded on 20-06-2016.
- Is L PROJECTS & TECHNICS still active?
- Yes, L PROJECTS & TECHNICS is an active enterprise in the KBO register.
- How many employees does L PROJECTS & TECHNICS have?
- L PROJECTS & TECHNICS had an average of 0.4 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of L PROJECTS & TECHNICS?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €15,456 and 35 comparable companies (NACE 25). It probably lies between €44,000 and €200,000. It is a rough estimate.
- Is L PROJECTS & TECHNICS profitable?
- In financial year 2025, L PROJECTS & TECHNICS made a profit of €2,887.
- Where can I find the annual accounts of L PROJECTS & TECHNICS?
- L PROJECTS & TECHNICS filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of L PROJECTS & TECHNICS due?
- L PROJECTS & TECHNICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.