Checked.be
Active
BE 0476.968.893Private limited company
L&S PROJECTS
Kloosterstraat 32 ·2275 Lille, Belgium· 24 yrs active
Sector: Buying and selling of own real estate
(68110)
Conclusion
L&S PROJECTS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €-257. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 56% of 8920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €71k |
| Net result | €-257 |
| Better than sector | 56% |
| Active | 24 yrs |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
53
Profitability
0
Solvency
82
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2002, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
53
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
78
2021
93
2022
61
2023
52
2024
53
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.06 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.06 (≥ 1.0)
+5
Leverage
Debt/equity 1.61 (< 2.0)
+3
Profitability
Negatieve ROE 0%
-10
Interest coverage
Interest coverage -2.0× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.2%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.3% | 31.5% | |
| Net result | €-257 | €11k | |
| Equity | €71k | €330k | |
| Gross operating margin | €13k | €93k | |
| Staff costs | €0 | €67k |
€-13k
+16.6%
21-25
€-257
+98.7%
21-25
€91
-
21-25
€186k
+36.7%
21-25
€71k
-0.4%
21-25
€96k
-11.3%
21-25
0
-100.0%
21-25
€0
-100.0%
21-25
€0
-100.0%
21-25
€115k
+77.8%
21-25
€90k
+225.3%
21-25
€24k
-33.3%
21-25
2.06
-57.9%
21-25
2.06
-57.9%
21-25
38.3%
-27.1%
21-25
1.61
+78.5%
21-25
-0.4%
+98.7%
21-25
-0.1%
+99.1%
21-25
-1.97
+16.3%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-13k | €-16k | €9k | €29k | - |
| Net profit | €-257 | €-20k | €3k | €25k | €58k |
| Cash flow | €91 | €-19k | €3k | €26k | - |
| Staff costs | €0 | €4k | - | - | - |
| Income taxes | - | €0 | €293 | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €186k | €136k | €230k | €168k | €163k |
| Equity | €71k | €72k | €92k | €89k | €64k |
| Debt | €115k | €65k | €138k | €79k | €99k |
| of which ≤ 1y | €90k | €28k | €137k | €78k | €99k |
| of which > 1y | €24k | €37k | - | - | - |
| Working capital | €96k | €108k | €92k | €89k | €64k |
| Employees (FTE) | 0.0 | 0.9 | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.06 | 4.89 | 1.67 | 2.13 | 1.64 |
| Quick ratio | 2.06 | 4.89 | 1.67 | 2.13 | 1.64 |
| Working capital ratio | 51.5% | 79.4% | 40.0% | 52.6% | 39.1% |
| Solvency | 38.3% | 52.5% | 39.9% | 52.9% | 39.1% |
| Debt / equity | 1.61 | 0.90 | 1.50 | 0.89 | 1.56 |
| Long-term debt ratio | 0.34 | 0.51 | - | - | - |
| Interest coverage | -1.97 | -2.35 | 1.15 | 4.61 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -0.1% | -14.7% | 1.1% | 15.0% | 35.5% |
| ROE | -0.4% | -28.0% | 2.8% | 28.3% | 90.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €186k | €136k | €230k | €168k | €163k |
| Fixed assets | 21/28 | €0 | €348 | €1k | €2k | - |
| Tangible fixed assets | 22/27 | €0 | €348 | €1k | €2k | - |
| Current assets | 29/58 | €186k | €136k | €228k | €167k | €163k |
| Amounts receivable within one year | 40/41 | €170k | €126k | €211k | €147k | €147k |
| Cash & bank | 54/58 | €16k | €9k | €17k | €19k | €15k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €186k | €136k | €230k | €168k | €163k |
| Equity | 10/15 | €71k | €72k | €92k | €89k | €64k |
| Contributions / capital | 10/11 | €88k | €88k | €100k | €100k | €100k |
| Reserves | 13 | €13k | €13k | - | - | - |
| Accumulated profits (losses) | 14 | €-29k | €-28k | €-8k | €-11k | €-36k |
| Amounts payable | 17/49 | €115k | €65k | €138k | €79k | €99k |
| Amounts payable after one year | 17 | €24k | €37k | - | - | - |
| Amounts payable within one year | 42/48 | €90k | €28k | €137k | €78k | €99k |
| Trade debts payable within one year | 44 | €70k | €5k | €84k | €30k | €21k |
| Income statement | ||||||
| Gross operating margin | 9900 | €13k | €-3k | €9k | €30k | €65k |
| Operating result | 9901 | €-14k | €-16k | €8k | €29k | €64k |
| Financial income | 75 | €20k | €3k | €2k | €3k | €996 |
| Financial charges | 65 | €7k | €7k | €8k | €6k | €7k |
| Result before taxes | 9903 | €-257 | €-20k | €3k | €25k | €58k |
| Income taxes | 67/77 | - | €0 | €293 | - | - |
| Net result for the period | 9904 | €-257 | €-20k | €3k | €25k | €58k |
| Result to be appropriated | 9905 | €-257 | €-20k | €3k | €25k | €58k |
Legal Structure
| NACE primary | Buying and selling of own real estate(68110) |
| Legal form | Private limited company(610) |
| Incorporation | 26-02-2002 |
| Status | Active |
| Postal code | 2275 |
Establishment units
L&S PROJECTS
since 20022.099.111.870
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0717/00W005 | Flanders | 588 m² | 1 · 152 m² | 10.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-20k ▼879%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.89
Current ratio from 1.67 to 4.89; short-term debt falls from €137k to €28k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Buying and selling of own real estate6811070120Holdings64200Activities of holding companies6421074151
Names & trade names
| Legal nameNL | L&S PROJECTS |
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