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L10

Active
Private limited companyfounded 20242 yrs activeBataviastraat 11, 2000 Antwerpen, BelgiumKBO/BCE: BE 1009.302.618
Summary

L10 has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,755 and a net result of €72,255. Its solvency ranks better than 42% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes
Profitability99
Solvency45
Growth-
Track record67
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 5.41; short-term debt: 18.3% and cash: 1% of total assets), but 79.6% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
20.4%
Return on assets
24.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
32 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 May 2024, L10 was incorporated as a Private limited company.1 In 2026 the registered office moved to Antwerpen.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 31-08-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€60,755
Total assets
€297,168
Net result
€72,255
Working capital
€240,300

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €297,168
Fixed assets €2,420
Current assets €294,748
Equity and liabilities €297,168
Equity €60,755
Debt €236,414
Debt finances 79.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€87,318
Cash flow
€72,873
Current ratio
5.41
Quick ratio
1.18
Debt to equity
3.89
ROE
118.9%
ROA
24.3%
Interest coverage
77.24
Debt ≤ 1 year
€54,448
Debt > 1 year
€181,965
Income taxes
€14,489

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 7,976 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
Filed annual accounts As filed with the NBB · 2025 · 47 lines
Balance sheet Code2025
Assets
Total assets20/58€297,168
Fixed assets21/28€2,420
Tangible fixed assets22/27€2,420
Furniture and vehicles24€2,420
Current assets29/58€294,748
Amounts receivable after more than one year29€37,500
Trade receivables290€37,500
Stocks and contracts in progress3€230,286
Stocks30/36€230,286
Amounts receivable within one year40/41€23,989
Trade receivables40€6,492
Other amounts receivable41€17,497
Cash at bank and in hand54/58€2,950
Deferred charges and accrued income490/1€23
Equity and liabilities
Total equity and liabilities10/49€297,168
Equity10/15€60,755
Contributions10/11€3,500
Reserves13€57,255
Distributable reserves133€57,255
Profit (loss) carried forward14€0
Amounts payable17/49€236,414
Amounts payable after more than one year17€181,965
Financial debts170/4€181,965
Amounts payable within one year42/48€54,448
Current portion of amounts payable after more than one year42€10,193
Trade debts44€2,574
Suppliers440/4€2,574
Taxes, remuneration and social security45€26,681
Taxes450/3€26,681
Other amounts payable47/48€15,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€619
Other operating charges640/8€1,275
Gross operating margin9900€88,593
Operating profit (loss)9901€86,699
Financial income75/76B€1,174
Recurring financial income75€1,174
Financial charges65/66B€1,131
Recurring financial charges65€1,131
Profit (loss) for the period before taxes9903€86,743
Income taxes67/77€14,489
Profit (loss) for the period9904€72,255
Profit (loss) for the period to be appropriated9905€72,255
Appropriation of the result
Profit (loss) to be appropriated9906€72,255
Transfer to equity691/2€57,255
To other reserves6921€57,255
Profit to be distributed694/7€15,000
Directors or managers695€15,000

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€619
Other operating charges640/8€1,275
Gross operating margin9900€88,593
Operating profit (loss)9901€86,699
Financial income75/76B€1,174
Recurring financial income75€1,174
Financial charges65/66B€1,131
Recurring financial charges65€1,131
Profit (loss) for the period before taxes9903€86,743
Income taxes67/77€14,489
Profit (loss) for the period9904€72,255
Profit (loss) for the period to be appropriated9905€72,255
Line2025
Assets
Total assets20/58€297,168
Fixed assets21/28€2,420
Tangible fixed assets22/27€2,420
Furniture and vehicles24€2,420
Current assets29/58€294,748
Amounts receivable after more than one year29€37,500
Trade receivables290€37,500
Stocks and contracts in progress3€230,286
Stocks30/36€230,286
Amounts receivable within one year40/41€23,989
Trade receivables40€6,492
Other amounts receivable41€17,497
Cash at bank and in hand54/58€2,950
Deferred charges and accrued income490/1€23
Equity and liabilities
Total equity and liabilities10/49€297,168
Equity10/15€60,755
Contributions10/11€3,500
Reserves13€57,255
Distributable reserves133€57,255
Profit (loss) carried forward14€0
Amounts payable17/49€236,414
Amounts payable after more than one year17€181,965
Financial debts170/4€181,965
Amounts payable within one year42/48€54,448
Current portion of amounts payable after more than one year42€10,193
Trade debts44€2,574
Suppliers440/4€2,574
Taxes, remuneration and social security45€26,681
Taxes450/3€26,681
Other amounts payable47/48€15,000
Line2025
Profit (loss) for the period9904€72,255
+ Depreciation and write-downs630€619
Operating cash flow (approximation)€72,873

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
State Gazette act Registered office
Registered-office move · Director in office2 facts ▸
  • Registered-office move, Bataviastraat 11 bus 3.3, 2000 Antwerpen
  • Director in office, Lumi Binakaj (director)
29-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
3,509 m²
Building footprint
1,792 m²
Volume, LiDAR
30,921 m³
2 parcels, Flanders · tallest building 24.2 m, ±8 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
L10
August Michielsstraat 10, 2000 AntwerpenReal estate development
since 20242.359.446.806
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11002A0010/00E002 Flanders 3,428 m² 1 · 1,718 m² 24.2 m · 8 fl.
11807G0154/00K003 Flanders 81 m² 1 · 75 m² 11.8 m · 3 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.

Similar companies · same sector, comparable size

Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 5,140 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
Founded13-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009302618
Also 9925:BE1009302618
Registered 09-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.