L & R PROJECTS
InactiveL & R PROJECTS was declared bankrupt on 26-12-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 23-10-2025, published in the Belgian State Gazette on 28-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
88 d late
2021
99 d late
2020
174 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 103 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€25,646
2022 · €8,175
Total assets
€40,110▼ 89.9%
2022 · €396,616
Net result
-€33,821▼ 981%
2022 · -€3,130
Working capital
-€25,646
2022 · €7,916
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€32,971▼ 36.5%€53,196▲ 61.3%€18,530▼ 65.2%-€153,785-€30,605▲ 80.1%
Net result€15,712▼ 53.8%€3,018▼ 80.8%€2,372▼ 21.4%-€3,130-€33,821▼ 981%
Equity€5,915€8,933▲ 51.0%€11,305▲ 26.5%€8,175▼ 27.7%-€25,646
Total assets€1.2m▲ 110%€1.7m▲ 34.8%€1.7m▲ 0.7%€396,616▼ 76.2%€40,110▼ 89.9%
Debt€1.2m▲ 106%€1.6m▲ 34.7%€1.7m▲ 0.6%€388,441▼ 76.6%€65,756▼ 83.1%
Working capital€5,915€8,933▲ 51.0%€11,305▲ 26.5%€7,916▼ 30.0%-€25,646
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30,605 in 2023 against €153,785 in 2022; the loss shrinks.
Key figures and ratios
Solvency
-63.9%▼
2022 · 2.1%
Current ratio
0.61▼
2022 · 1.02
Debt to equity
-2.56▼
2022 · 47.52
ROA
-84.3%▼
2022 · -0.8%
Debt ≤ 1 year
€65,756▼
2022 · €388,441
Income taxes
€2,120▼
2022 · €5,295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €868 | €1,522 | €2,847 | ▲ 87.0% |
| Gross operating margin9900 | €35,351 | €53,778 | €19,398 | -€152,263 | -€27,758 | ▲ 81.8% |
| Operating profit (loss)9901 | €32,971 | €53,196 | €18,530 | -€153,785 | -€30,605 | ▲ 80.1% |
| Financial income75/76B | - | - | - | €169,532 | €4,234 | ▼ 97.5% |
| Recurring financial income75 | €0 | €0 | - | €169,532 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | - | €4,234 | - |
| Financial charges65/66B | - | - | €15,295 | €13,582 | €5,331 | ▼ 60.8% |
| Recurring financial charges65 | €17,260 | €49,906 | €15,295 | €13,582 | €5,331 | ▼ 60.8% |
| Profit (loss) for the period before taxes9903 | €15,712 | €3,290 | €3,235 | €2,165 | -€31,701 | ▼ 1,564% |
| Income taxes67/77 | - | €271 | €863 | €5,295 | €2,120 | ▼ 60.0% |
| Profit (loss) for the period9904 | €15,712 | €3,018 | €2,372 | -€3,130 | -€33,821 | ▼ 981% |
| Profit (loss) for the period to be appropriated9905 | €15,712 | €3,018 | €2,372 | -€3,130 | -€33,821 | ▼ 981% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.7m | €1.7m | €396,616 | €40,110 | ▼ 89.9% |
| Fixed assets21/28 | - | - | - | €259 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | €259 | €0 | ▼ 100% |
| Current assets29/58 | €1.2m | €1.7m | €1.7m | €396,357 | €40,110 | ▼ 89.9% |
| Stocks and contracts in progress3 | €271,786 | €830,093 | €851,445 | €60,000 | €0 | ▼ 100% |
| Stocks30/36 | - | - | €851,445 | €60,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €232,296 | €353,688 | €42,421 | €9,255 | €8,202 | ▼ 11.4% |
| Trade receivables40 | - | - | €40,301 | €7,135 | €8,202 | ▲ 15.0% |
| Other amounts receivable41 | - | - | €2,120 | €2,120 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €522,102 | €472,132 | €773,952 | €327,102 | €31,908 | ▼ 90.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.7m | €1.7m | €396,616 | €40,110 | ▼ 89.9% |
| Equity10/15 | €5,915 | €8,933 | €11,305 | €8,175 | -€25,646 | ▼ 414% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€2,145 | €873 | €3,245 | €115 | -€33,706 | ▼ 29,415% |
| Amounts payable17/49 | €1.2m | €1.6m | €1.7m | €388,441 | €65,756 | ▼ 83.1% |
| Amounts payable within one year42/48 | €1.2m | €1.6m | €1.7m | €388,441 | €65,756 | ▼ 83.1% |
| Current portion of amounts payable after more than one year42 | - | - | €1.3m | €365,798 | €40,000 | ▼ 89.1% |
| Trade debts44 | €202,745 | €217,515 | €338,050 | €1,884 | €11,999 | ▲ 537% |
| Suppliers440/4 | - | - | €338,050 | €1,884 | €11,999 | ▲ 537% |
| Taxes, remuneration and social security45 | - | - | €45,717 | €20,759 | €13,758 | ▼ 33.7% |
| Taxes450/3 | - | - | €45,717 | €20,759 | €13,758 | ▼ 33.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,712 | €3,018 | €2,372 | -€3,130 | -€33,821 | ▼ 981% |
| Operating cash flow (approximation) | €15,712 | €3,018 | €2,372 | -€3,130 | -€33,821 | ▼ 981% |
| Investment in fixed assets (approximation) | - | - | - | - | €259 | - |
| Change in cash | - | -€49,970 | €301,820 | -€446,850 | -€295,194 | ▲ 33.9% |
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
2025
28-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · event 23-10-2025
03-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 26-12-2024
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€33,821
Net result drops to -€33,821, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 174 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIVIANE MISSOUL KONING ALBERTLAAN 186,
3010 KESSEL-LO |
26-12-2024 → 23-10-2025 |
| Curator | TOM VAN DER
LINDEN KONING ALBERTLAAN 186, 3010 KESSEL-LO- |
26-12-2024 → 23-10-2025 |