LAI projects
ActiveSummary
LAI projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,539 and a net result of €12,132. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+10
Solvency62▲+21
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.51 in 2024; short-term debt: 46.4% and cash: 3.1% of total assets), and 62.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €25,539
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 26-01-2026, 5 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
5 d early
2024
11 d early
2023
16 d early
2022
1 d early
2021
38 d early
2020
5 d early
2019
2 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€25,539▲ 90.5%
2024 · €13,408
Total assets
€68,673▼ 16.3%
2024 · €81,999
Net result
€12,132▲ 52.2%
2024 · €7,969
Working capital
-€485▲ 98.0%
2024 · -€24,657
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,899-€10,373-€980▲ 90.6%€14,731€20,198▲ 37.1%
Net result€6,079-€12,507-€2,394▲ 80.9%€7,969€12,132▲ 52.2%
Equity€20,339▲ 42.6%€7,833▼ 61.5%€5,438▼ 30.6%€13,408▲ 147%€25,539▲ 90.5%
Total assets€45,381▲ 198%€79,061▲ 74.2%€68,663▼ 13.2%€81,999▲ 19.4%€68,673▼ 16.3%
Debt€25,042▲ 2,531%€71,228▲ 184%€63,224▼ 11.2%€68,591▲ 8.5%€43,133▼ 37.1%
Working capital€18,744▲ 31.4%-€11,969-€19,034▼ 59.0%-€24,657▼ 29.5%-€485▲ 98.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,673
Fixed assets
€37,298 ▼ 33.7%
Current assets
€31,375 ▲ 21.9%
Equity and liabilities €68,673
Equity
€25,539 ▲ 90.5%
Debt
€43,133 ▼ 37.1%
Debt's share of the balance-sheet total falls from 83.6% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,157▲
2024 · €31,259
Cash flow
€31,091▲
2024 · €24,497
Current ratio
0.98▲
2024 · 0.51
Debt to equity
1.69▼
2024 · 5.12
ROE
47.5%▼
2024 · 59.4%
ROA
17.7%▲
2024 · 9.7%
Interest coverage
21.46▲
2024 · 20.43
Debt ≤ 1 year
€31,861▼
2024 · €50,400
Debt > 1 year
€11,273▼
2024 · €18,192
Income taxes
€6,242▲
2024 · €5,232
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73 | €9,563 | €11,313 | €16,528 | €18,959 | ▲ 14.7% |
| Other operating charges640/8 | - | €3,170 | €456 | €225 | €265 | ▲ 17.4% |
| Gross operating margin9900 | €8,247 | €2,360 | €10,790 | €31,485 | €39,422 | ▲ 25.2% |
| Operating profit (loss)9901 | €7,899 | -€10,373 | -€980 | €14,731 | €20,198 | ▲ 37.1% |
| Financial charges65/66B | - | €1,818 | €918 | €1,530 | €1,825 | ▲ 19.3% |
| Recurring financial charges65 | €54 | €1,818 | €918 | €1,530 | €1,825 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €7,845 | -€12,191 | -€1,898 | €13,201 | €18,373 | ▲ 39.2% |
| Income taxes67/77 | €1,766 | €315 | €497 | €5,232 | €6,242 | ▲ 19.3% |
| Profit (loss) for the period9904 | €6,079 | -€12,507 | -€2,394 | €7,969 | €12,132 | ▲ 52.2% |
| Profit (loss) for the period to be appropriated9905 | €6,079 | -€12,507 | -€2,394 | €7,969 | €12,132 | ▲ 52.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,381 | €79,061 | €68,663 | €81,999 | €68,673 | ▼ 16.3% |
| Fixed assets21/28 | €1,595 | €47,348 | €38,631 | €56,256 | €37,298 | ▼ 33.7% |
| Tangible fixed assets22/27 | €1,595 | €47,348 | €38,631 | €56,256 | €37,298 | ▼ 33.7% |
| Plant, machinery and equipment23 | - | €16,189 | €14,758 | €39,669 | €27,996 | ▼ 29.4% |
| Leasing and similar rights25 | - | €27,565 | €20,679 | €13,792 | €6,905 | ▼ 49.9% |
| Other tangible fixed assets26 | - | €3,594 | €3,194 | €2,795 | €2,396 | ▼ 14.3% |
| Current assets29/58 | €43,786 | €31,713 | €30,032 | €25,743 | €31,375 | ▲ 21.9% |
| Amounts receivable within one year40/41 | €30,524 | €20,767 | €26,806 | €20,186 | €29,219 | ▲ 44.7% |
| Trade receivables40 | - | €6,739 | €12,778 | €6,159 | €15,192 | ▲ 147% |
| Other amounts receivable41 | - | €14,028 | €14,028 | €14,028 | €14,028 | = |
| Cash at bank and in hand54/58 | €11,966 | €9,654 | €2,536 | €5,470 | €2,156 | ▼ 60.6% |
| Deferred charges and accrued income490/1 | - | €1,292 | €690 | €86 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,381 | €79,061 | €68,663 | €81,999 | €68,673 | ▼ 16.3% |
| Equity10/15 | €20,339 | €7,833 | €5,438 | €13,408 | €25,539 | ▲ 90.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,079 | €6,079 | €6,079 | €14,048 | €14,048 | = |
| Distributable reserves133 | - | €6,079 | €6,079 | €14,048 | €14,048 | = |
| Profit (loss) carried forward14 | -€4,340 | -€16,846 | -€19,241 | -€19,241 | -€7,109 | ▲ 63.1% |
| Amounts payable17/49 | €25,042 | €71,228 | €63,224 | €68,591 | €43,133 | ▼ 37.1% |
| Amounts payable after more than one year17 | - | €27,546 | €14,158 | €18,192 | €11,273 | ▼ 38.0% |
| Financial debts170/4 | - | €27,546 | €14,158 | €18,192 | €11,273 | ▼ 38.0% |
| Amounts payable within one year42/48 | €25,042 | €43,682 | €49,066 | €50,400 | €31,861 | ▼ 36.8% |
| Current portion of amounts payable after more than one year42 | - | €10,642 | €12,096 | €19,737 | €6,919 | ▼ 64.9% |
| Trade debts44 | €6,172 | €6,811 | €9,595 | €10,304 | €10,924 | ▲ 6.0% |
| Suppliers440/4 | - | €6,811 | €9,595 | €10,304 | €10,924 | ▲ 6.0% |
| Taxes, remuneration and social security45 | - | €15,659 | €3,652 | €5,750 | €13,739 | ▲ 139% |
| Taxes450/3 | - | €4,423 | €3,652 | €5,750 | €13,739 | ▲ 139% |
| Remuneration and social security454/9 | - | €11,236 | - | - | - | - |
| Other amounts payable47/48 | - | €10,570 | €23,722 | €14,609 | €279 | ▼ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,079 | -€12,507 | -€2,394 | €7,969 | €12,132 | ▲ 52.2% |
| + Depreciation and write-downs630 | €73 | €9,563 | €11,313 | €16,528 | €18,959 | ▲ 14.7% |
| Operating cash flow (approximation) | €6,153 | -€2,944 | €8,919 | €24,497 | €31,091 | ▲ 26.9% |
| Investment in fixed assets (approximation) | - | -€55,315 | -€2,597 | -€34,153 | €0 | ▲ 100% |
| Change in cash | - | -€2,312 | -€7,118 | €2,934 | -€3,314 | ▼ 213% |
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
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €12,132 ▲52.2%
Operating result €20,198, net result €12,132, both a record.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €7,969
Net result €7,969 after 2 loss-making years.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€12,507
Net result drops to -€12,507, the lowest in the series; recovery starts the following year.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €6,079
Net result €6,079 after 2 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
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 2 acts read
About the unread acts
We know of 2 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
2 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, Ninove · 1 establishment unit since 2017
Ground area
799 m²
Parcel 41044B0157/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
LAI projects
since 20172.263.947.930
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41044B0157/00H000 | Flanders | 799 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 480 EUR awarded · 480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 480 EUR | 480 EUR |
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ORTHOGONE
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Of 1,759 companies in sector 71122 we hold annual accounts for 771. 561 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
Founded22-03-2017
Fiscal year end30-06
Activities, NACEBEL 2025
71122Land surveying
68121Development of residential building projects
68122Development of non-residential building projects
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672914239
Also
9925:BE0672914239
Registered
31-10-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.