L&V PROJECTS
ActiveSummary
L&V PROJECTS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,641 and a net result of -€4,485. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 7598 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-26
Solvency61=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.23 against 4.18 in 2024; short-term debt: 23.6% and cash: 48.7% of total assets), but 64.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
35.7%
Return on assets
-0.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
50 d early
2024
64 d early
2023
2 d early
2022
6 d early
2021
56 d early
2020
3 d early
2019
on the day
← 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 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 12 December (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€171,641▼ 2.5%
2024 · €176,126
Total assets
€480,209▼ 1.6%
2024 · €487,909
Net result
-€4,485
2024 · €46,673
Working capital
€366,259▼ 1.2%
2024 · €370,776
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€15,886▼ 89.4%€19,031▲ 19.8%-€4,628€67,252-€4,416
Net result€11,815within the sector's middle half▼ 89.2%€12,674within the sector's middle half▲ 7.3%-€4,770below the sector's middle half€46,673above the sector's middle half-€4,485below the sector's middle half
Equity€121,548above the sector's middle half▲ 10.8%€134,223above the sector's middle half▲ 10.4%€129,453above the sector's middle half▼ 3.6%€176,126above the sector's middle half▲ 36.1%€171,641above the sector's middle half▼ 2.5%
Total assets€579,022above the sector's middle half▼ 27.3%€449,934above the sector's middle half▼ 22.3%€439,163above the sector's middle half▼ 2.4%€487,909above the sector's middle half▲ 11.1%€480,209above the sector's middle half▼ 1.6%
Debt€457,473▼ 33.3%€315,711▼ 31.0%€309,710▼ 1.9%€311,783▲ 0.7%€308,568▼ 1.0%
Working capital€121,147above the sector's middle half▲ 6.6%€133,821above the sector's middle half▲ 10.5%€324,357above the sector's middle half▲ 142%€370,776above the sector's middle half▲ 14.3%€366,259above the sector's middle half▼ 1.2%
Solvency21.0%within the sector's middle half▲ 7.2pp29.8%within the sector's middle half▲ 8.8pp29.5%within the sector's middle half▼ 0.4pp36.1%within the sector's middle half▲ 6.6pp35.7%within the sector's middle half▼ 0.4pp
Current ratio1.26within the sector's middle half▲ 0.101.42within the sector's middle half▲ 0.163.84above the sector's middle half▲ 2.424.18above the sector's middle half▲ 0.344.23above the sector's middle half▲ 0.05
Return on assets (ROA)2.0%within the sector's middle half▼ 11.7pp2.8%within the sector's middle half▲ 0.8pp-1.1%below the sector's middle half▼ 3.9pp9.6%within the sector's middle half▲ 10.7pp-0.9%below the sector's middle half▼ 10.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,416 after €67,252 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480,209
Fixed assets
€607 =
Current assets
€479,602 ▼ 1.6%
Equity and liabilities €480,209
Equity
€171,641 ▼ 2.5%
Debt
€308,568 ▼ 1.0%
Debt's share of the balance-sheet total rises from 63.9% to 64.3%. Equity and debt are lower.
Key figures and ratios
Quick ratio
2.20▼
2024 · 3.84
Debt to equity
1.80▲
2024 · 1.77
ROE
-2.6%▼
2024 · 26.5%
Debt ≤ 1 year
€113,344▼
2024 · €116,526
Debt > 1 year
€195,000=
2024 · €195,000
Income taxes
€0▼
2024 · €20,403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 929 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
1.7%
went bankrupt
5.6%
stopped otherwise
93%
still going
For this company itself Checked computes a bankruptcy probability of 1.1% 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 929 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,000 | €1,236 | €159 | €451 | ▲ 184% |
| Gross operating margin9900 | €16,296 | €20,031 | -€3,392 | €67,411 | -€3,965 | ▼ 106% |
| Operating profit (loss)9901 | €15,886 | €19,031 | -€4,628 | €67,252 | -€4,416 | ▼ 107% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €148 | €142 | €177 | €69 | ▼ 60.8% |
| Recurring financial charges65 | €163 | €148 | €142 | €177 | €69 | ▼ 60.8% |
| Profit (loss) for the period before taxes9903 | €15,724 | €18,882 | -€4,770 | €67,076 | -€4,485 | ▼ 107% |
| Income taxes67/77 | €3,908 | €6,208 | €0 | €20,403 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €11,815 | €12,674 | -€4,770 | €46,673 | -€4,485 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €11,815 | €12,674 | -€4,770 | €46,673 | -€4,485 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €579,022 | €449,934 | €439,163 | €487,909 | €480,209 | ▼ 1.6% |
| Fixed assets21/28 | €607 | €607 | €607 | €607 | €607 | = |
| Financial fixed assets28 | €607 | €607 | €607 | €607 | €607 | = |
| Current assets29/58 | €578,415 | €449,327 | €438,556 | €487,303 | €479,602 | ▼ 1.6% |
| Stocks and contracts in progress3 | €335,739 | €255,872 | €398,136 | €39,813 | €230,760 | ▲ 480% |
| Contracts in progress37 | - | €255,872 | €398,136 | €39,813 | €230,760 | ▲ 480% |
| Amounts receivable within one year40/41 | €4,020 | €1,532 | €9,041 | €6,776 | €15,203 | ▲ 124% |
| Other amounts receivable41 | - | €1,532 | €9,041 | €6,776 | €15,203 | ▲ 124% |
| Cash at bank and in hand54/58 | €238,656 | €191,923 | €31,379 | €440,714 | €233,640 | ▼ 47.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €579,022 | €449,934 | €439,163 | €487,909 | €480,209 | ▼ 1.6% |
| Equity10/15 | €121,548 | €134,223 | €129,453 | €176,126 | €171,641 | ▼ 2.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €102,948 | €115,622 | €115,622 | €162,295 | €162,295 | = |
| Distributable reserves133 | - | €115,622 | €115,622 | €162,295 | €162,295 | = |
| Profit (loss) carried forward14 | €0 | €1 | -€4,769 | -€4,769 | -€9,254 | ▼ 94.0% |
| Amounts payable17/49 | €457,473 | €315,711 | €309,710 | €311,783 | €308,568 | ▼ 1.0% |
| Amounts payable after more than one year17 | - | - | €195,000 | €195,000 | €195,000 | = |
| Financial debts170/4 | - | - | €195,000 | €195,000 | €195,000 | = |
| Amounts payable within one year42/48 | €457,269 | €315,507 | €114,199 | €116,526 | €113,344 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | €195,000 | - | - | - | - |
| Trade debts44 | €101 | €6,638 | €2,689 | €1,113 | €1,853 | ▲ 66.5% |
| Suppliers440/4 | - | €6,638 | €2,689 | €1,113 | €1,853 | ▲ 66.5% |
| Taxes, remuneration and social security45 | - | €2,358 | €0 | €3,903 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,358 | €0 | €3,903 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €111,510 | €111,510 | €111,510 | €111,490 | = |
| Accrued charges and deferred income492/3 | - | €205 | €511 | €257 | €225 | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,815 | €12,674 | -€4,770 | €46,673 | -€4,485 | ▼ 110% |
| Operating cash flow (approximation) | €11,815 | €12,674 | -€4,770 | €46,673 | -€4,485 | ▼ 110% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€46,733 | -€160,545 | €409,335 | -€207,074 | ▼ 151% |
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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €46,673
Net result €46,673 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €176,126 ▲36.1%
Equity rises from €129,453 to €176,126.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 3.84
Current ratio from 1.42 to 3.84; short-term debt falls from €315,507 to €114,199.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €109,436
Net result €109,436 after one loss-making year.
30-06
Financial
Equity above €100,000Eq €109,733 ▲36,815%
Equity rises from €297 to €109,733.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Registered office, Wellen · 1 establishment unit since 2017
Ground area
1,024 m²
Building footprint
134 m²
Volume, LiDAR
570 m³
Parcel 73098E0314/00M000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
L&V Projects BVBA
since 20172.263.614.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098E0314/00M000 | Flanders | 1,024 m² | 1 · 134 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,397 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
Founded04-04-2017
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673816933
Registered
26-07-2024
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.