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LB PROJECTS

Active
Private limited companyfounded 2013active for 13 yearsSassenhout 48, 2290 Vorselaar, BelgiumKBO/BCE: BE 0535.634.493
Summary

LB PROJECTS has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,364 and a net result of €18,431. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 17,042 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Development of residential building projects
NACE 68121
2 sites
Size
€186,344total assets 2025
Equity
€35,364
Profit
€18,431
Turnover not published (micro format)
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
2025 accounts 1 day early1 of 2 deeds summarised
Why 92lowers riskSize: total assets €186,344Sector: Real estate activities (NACE 68)Founded in 2013Liquidity: current ratio 0.52, cash €21,621Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 67% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Average
Solvency 44+9
equity 19.0% of total assets
Liquidity 52+8
short-term debt 29.7% · cash 11.6%
Profitability 81+7
return on assets 9.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,614 companies, NACE 68, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.4%▼ -0.1 percentage points vs 11-2024 01-2025: 0.6%▲ +0.2 percentage points vs 12-2024 02-2025: 0.3%▼ -0.3 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.7%▲ +0.3 percentage points vs 01-2026highest value 03-2026: 0.2%▼ -0.5 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.52, compared with 0.32 in 2024, below 1; short-term debt: 29.7% and cash: 11.6% of total assets), and 81% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 39% on solvency, 60% on liquidity, 78% on profitability and 92% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskneutral
lowers risk · Size: total assets €186,344
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Founded in 2013
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 0.52, cash €21,621
NBB · annual accounts
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 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €35,364
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
31 days early
2023
31 days early
2022
on the day
2021
105 days late
2020
1 day late
2019
32 days 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 2 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end26-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2019 to 2025net €18,431 ▲139%
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Turnover
€102,670▼ 0.8%
2020 · €103,496
EBIT margin
-13.7%▼ 3.6pp
2020 · -10.1%
Net result
€18,431▲ 139%
2024 · €7,698
Working capital
-€26,718▲ 27.1%
2024 · -€36,672
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 125% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€102,670 2021 Operating result€29,307 2025 Net result€18,431 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€99,176-€103,496▲ 4.4%€102,670▼ 0.8%
Operating result€5,196--€10,430-€14,083▼ 35.0%€11,294€18,966▲ 67.9%€13,003▼ 31.4%€29,307▲ 125%
Net result€27--€14,969below the sector's middle half-€18,515below the sector's middle half▼ 23.7%€6,936within the sector's middle half€16,187within the sector's middle half▲ 133%€7,698within the sector's middle half▼ 52.4%€18,431within the sector's middle half▲ 139%
EBIT margin5.2%--10.1%▼ 15.3pp-13.7%▼ 3.6pp
Equity€19,597-€4,628below the sector's middle half▼ 76.4%-€13,887below the sector's middle half-€6,951below the sector's middle half▲ 49.9%€9,235below the sector's middle half€16,933within the sector's middle half▲ 83.3%€35,364within the sector's middle half▲ 109%
Total assets€228,452-€202,379within the sector's middle half▼ 11.4%€186,451within the sector's middle half▼ 7.9%€177,458within the sector's middle half▼ 4.8%€205,096within the sector's middle half▲ 15.6%€176,498within the sector's middle half▼ 13.9%€186,344within the sector's middle half▲ 5.6%
Debt€208,856-€197,752▼ 5.3%€200,338▲ 1.3%€184,410▼ 8.0%€195,860▲ 6.2%€159,565▼ 18.5%€150,980▼ 5.4%
Working capital-€12,343--€30,790within the sector's middle half▼ 149%-€52,062within the sector's middle half▼ 69.1%-€46,629within the sector's middle half▲ 10.4%-€35,734within the sector's middle half▲ 23.4%-€36,672within the sector's middle half▼ 2.6%-€26,718within the sector's middle half▲ 27.1%
Solvency8.6%-2.3%below the sector's middle half▼ 6.3pp-7.4%below the sector's middle half▼ 9.7pp-3.9%below the sector's middle half▲ 3.5pp4.5%below the sector's middle half▲ 8.4pp9.6%within the sector's middle half▲ 5.1pp19.0%within the sector's middle half▲ 9.4pp
Current ratio0.79-0.44within the sector's middle half▼ 0.340.22below the sector's middle half▼ 0.220.22below the sector's middle half=0.56within the sector's middle half▲ 0.340.32below the sector's middle half▼ 0.240.52within the sector's middle half▲ 0.20
Return on assets (ROA)0.0%--7.4%below the sector's middle half▼ 7.4pp-9.9%below the sector's middle half▼ 2.5pp3.9%within the sector's middle half▲ 13.8pp7.9%above the sector's middle half▲ 4.0pp4.4%within the sector's middle half▼ 3.5pp9.9%above the sector's middle half▲ 5.5pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,344
Fixed assets €157,744 ▼ 0.9%
Current assets €28,600 ▲ 65.0%
Equity and liabilities €186,344
Equity €35,364 ▲ 109%
Debt €150,980 ▼ 5.4%
Debt's share of the balance-sheet total falls from 90.4% to 81.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€39,288▲
2024 · €21,880
Cash flow
€28,412▲
2024 · €16,575
Quick ratio
0.50▲
2024 · 0.30
Debt to equity
4.27▼
2024 · 9.42
ROE
52.1%▲
2024 · 45.5%
Interest coverage
11.20▲
2024 · 8.18
Debt ≤ 1 year
€55,318▲
2024 · €54,010
Debt > 1 year
€95,662▼
2024 · €105,555
Income taxes
€7,366▲
2024 · €2,647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
95.8% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,475 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% 0.9%
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 74.5% 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 5,053 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 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€176,498€186,344▲
Fixed assets21/28€159,160€157,744▼
Tangible fixed assets22/27€159,160€157,744▼
Land and buildings22€150,184€144,155▼
Plant, machinery and equipment23€910€4,971▲
Furniture and vehicles24€8,066€8,618▲
Current assets29/58€17,337€28,600▲
Stocks and contracts in progress3€910€841▼
Stocks30/36€910€841▼
Amounts receivable within one year40/41€2,120€2,120=
Trade receivables40€2,120€2,120=
Cash at bank and in hand54/58€10,352€21,621▲
Deferred charges and accrued income490/1€3,956€4,017▲
Equity and liabilities
Total equity and liabilities10/49€176,498€186,344▲
Equity10/15€16,933€35,364▲
Contributions10/11€10,000€10,000=
Reserves13€9,597€25,364▲
Non-distributable reserves130/1€1,000€1,000=
Reserves not available under the articles1311€1,000€1,000=
Distributable reserves133€8,597€24,364▲
Profit (loss) carried forward14-€2,664-
Amounts payable17/49€159,565€150,980▼
Amounts payable after more than one year17€105,555€95,662▼
Financial debts170/4€105,555€95,662▼
Amounts payable within one year42/48€54,010€55,318▲
Current portion of amounts payable after more than one year42€31,425€29,431▼
Trade debts44€228€964▲
Suppliers440/4€228€964▲
Taxes, remuneration and social security45€7,616€7,905▲
Taxes450/3€7,616€7,905▲
Other amounts payable47/48€14,742€17,018▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,878€9,981▲
Other operating charges640/8€233€838▲
Gross operating margin9900€22,113€40,126▲
Operating profit (loss)9901€13,003€29,307▲
Financial income75/76B€18-
Recurring financial income75€18-
Financial charges65/66B€2,676€3,509▲
Recurring financial charges65€2,676€3,509▲
Profit (loss) for the period before taxes9903€10,344€25,798▲
Income taxes67/77€2,647€7,366▲
Profit (loss) for the period9904€7,698€18,431▲
Profit (loss) for the period to be appropriated9905€7,698€18,431▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,664€15,768▲
Profit (loss) brought forward from the previous period14P-€10,361-€2,664▲
Transfer to equity691/2-€15,768
To other reserves6921-€15,768

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Turnover70€99,176€103,496€102,670-----
Goods, raw materials, services and sundry goods60/61--€101,497-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,989€7,588€8,603€7,642€7,560€8,878€9,981▲ 12.4%
Other operating charges640/8--€6,653€1,206€323€233€838▲ 260%
Gross operating margin9900€13,222-€1,543€1,173€20,142€26,849€22,113€40,126▲ 81.5%
Operating profit (loss)9901€5,196-€10,430-€14,083€11,294€18,966€13,003€29,307▲ 125%
Financial income75/76B--€27€0€3,026€18--
Recurring financial income75€1€10€27€0€3,026€18--
Financial charges65/66B--€4,381€4,060€3,884€2,676€3,509▲ 31.1%
Recurring financial charges65€4,423€4,548€4,381€4,060€3,884€2,676€3,509▲ 31.1%
Profit (loss) for the period before taxes9903€775-€14,969-€18,437€7,234€18,109€10,344€25,798▲ 149%
Income taxes67/77€748-€78€298€1,922€2,647€7,366▲ 178%
Profit (loss) for the period9904€27-€14,969-€18,515€6,936€16,187€7,698€18,431▲ 139%
Profit (loss) for the period to be appropriated9905€27-€14,969-€18,515€6,936€16,187€7,698€18,431▲ 139%
Line2019202020212022202320242025Change
Assets
Total assets20/58€228,452€202,379€186,451€177,458€205,096€176,498€186,344▲ 5.6%
Fixed assets21/28€183,247€178,048€171,898€164,256€160,161€159,160€157,744▼ 0.9%
Tangible fixed assets22/27€182,247€177,048€170,898€163,256€159,161€159,160€157,744▼ 0.9%
Land and buildings22--€168,269€162,241€156,212€150,184€144,155▼ 4.0%
Plant, machinery and equipment23--€1,358€483€1,170€910€4,971▲ 446%
Furniture and vehicles24--€1,271€532€1,778€8,066€8,618▲ 6.8%
Financial fixed assets28€1,000€1,000€1,000€1,000€1,000---
Current assets29/58€45,205€24,331€14,553€13,203€44,935€17,337€28,600▲ 65.0%
Stocks and contracts in progress3€3,262€3,390€1,088€423€896€910€841▼ 7.6%
Stocks30/36--€1,088€423€896€910€841▼ 7.6%
Amounts receivable within one year40/41€20,627€16,402€7,145€7,000€9,120€2,120€2,120=
Trade receivables40--€7,145€7,000€9,120€2,120€2,120=
Cash at bank and in hand54/58€21,317€3,836€4,415€3,951€31,337€10,352€21,621▲ 109%
Deferred charges and accrued income490/1--€1,905€1,828€3,582€3,956€4,017▲ 1.6%
Equity and liabilities
Total equity and liabilities10/49€228,452€202,379€186,451€177,458€205,096€176,498€186,344▲ 5.6%
Equity10/15€19,597€4,628-€13,887-€6,951€9,235€16,933€35,364▲ 109%
Contributions10/11€10,000€10,000€10,000€10,000€10,000€10,000€10,000=
Reserves13€9,597€9,597€9,597€9,597€9,597€9,597€25,364▲ 164%
Non-distributable reserves130/1--€1,000€1,000€1,000€1,000€1,000=
Reserves not available under the articles1311--€1,000€1,000€1,000€1,000€1,000=
Distributable reserves133--€8,597€8,597€8,597€8,597€24,364▲ 183%
Profit (loss) carried forward14--€14,969-€33,484-€26,548-€10,361-€2,664--
Amounts payable17/49€208,856€197,752€200,338€184,410€195,860€159,565€150,980▼ 5.4%
Amounts payable after more than one year17€151,308€142,631€133,723€124,579€115,191€105,555€95,662▼ 9.4%
Financial debts170/4--€133,723€124,579€115,191€105,555€95,662▼ 9.4%
Amounts payable within one year42/48€57,548€55,121€66,615€59,831€80,669€54,010€55,318▲ 2.4%
Current portion of amounts payable after more than one year42--€57,316€49,803€40,175€31,425€29,431▼ 6.3%
Trade debts44€1,786€1,570€1,389€1,331€10,660€228€964▲ 323%
Suppliers440/4--€1,389€1,331€10,660€228€964▲ 323%
Advances received on contracts in progress46--€1,590-----
Taxes, remuneration and social security45--€2,099€2,249€17,255€7,616€7,905▲ 3.8%
Taxes450/3--€2,099€2,249€17,255€7,616€7,905▲ 3.8%
Other amounts payable47/48--€4,221€6,448€12,579€14,742€17,018▲ 15.4%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€27-€14,969-€18,515€6,936€16,187€7,698€18,431▲ 139%
+ Depreciation and write-downs630€6,989€7,588€8,603€7,642€7,560€8,878€9,981▲ 12.4%
Operating cash flow (approximation)€7,016-€7,381-€9,912€14,578€23,747€16,575€28,412▲ 71.4%
Investment in fixed assets (approximation)--€2,389-€2,453€0-€3,465-€7,877-€8,565▼ 8.7%
Change in cash--€17,480€578-€463€27,385-€20,985€11,269-

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

Download as CSV

Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 30-01-2026 2026-00032943
30-06-2024 micro format 31-12-2024 2025-00001451
30-06-2023 micro format 31-12-2023 2024-00541826
30-06-2022 micro format 31-01-2023 2023-00017940
30-06-2021 micro format 16-05-2022 2022-20027171
30-06-2020 micro format 01-02-2021 2021-04200016
30-06-2019 micro format 30-12-2019 2019-77900442
30-06-2018 micro format 31-01-2019 2019-04600205
30-06-2017 micro format 30-04-2018 2018-11600536
30-06-2016 abbreviated format 30-11-2016 2016-69100077

Show all 12 filings

Similar companies · same sector, comparable size

Of the 9,532 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,448. 4,753 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2023
Liévain Bogaerts
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

1 person since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Liévain Bogaerts
  • Director, until 20-12-2023
  • Director (not named in the articles), since before 20-12-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 20-12-2023 Converted to unavailable equity · €11,000

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 7 June 2013, LB PROJECTS was incorporated.1 Turnover went from €99,176 in 2019 to €102,670 in 2021.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2021

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
30-06
Financial Highest result from 2019 to 2025net €18,431 ▲139%
Operating result €29,307, net result €18,431, both a record.
2024
31-12
NBB filing Annual accounts filed
financial year 2024 · micro format
2023
31-12
NBB filing Annual accounts filed
financial year 2023 · micro format
20-12
Gazette deed Resignation: Liévain Bogaerts (director)
Reappointment: Liévain Bogaerts (director) · Amendment of the articles · Capital conversion11 facts ▸
  • General meeting, 12-12-2023
  • Amendment of the articles (2 times)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “opheffing en beschikbaar maken voor uitkering, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Other provision, “uitkering interimdividenden, winsten van lopende boekjaar uitkeren” (deed in Dutch)
  • Legal form clause, “besloten vennootschap” (deed in Dutch)
  • Capital
  • Director resignation, Liévain Bogaerts (director)
  • Director discharge, Liévain Bogaerts
  • Director reappointment, Liévain Bogaerts (director (not named in the articles))
  • Registered office clause, “Sassenhout 48,2290 Vorselaar” (deed in Dutch)
31-01
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
30-06
Financial Back to profitnet €6,936
Net result €6,936 after 2 loss-making years.
16-05
NBB filing Annual accounts filed
financial year 2021 · micro format · 105 days late
2021
30-06
Financial Weakest financial yearnet -€18,515
Net result drops to -€18,515, the lowest in the series; recovery starts the following year.
01-02
NBB filing Annual accounts filed
financial year 2020 · micro format · 1 day late
2019
30-12
NBB filing Annual accounts filed
financial year 2019 · micro format
31-01
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
30-04
NBB filing Annual accounts filed
financial year 2017 · micro format · 89 days late
2016
30-11
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds 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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Register details

Identification
Legal formPrivate limited company
Founded07-06-2013
Financial year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0535634493
Also 9925:BE0535634493
Registered 15-07-2025

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

Register as of 26 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0535.634.493

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Vorselaar · 2 establishment units since 2013
registered office establishment All 2 establishment units on the map
Ground area
1,487 m²
Building footprint
359 m²
Building volume
2,425 m³
2 parcels, Flanders · tallest building 16.3 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
LB PROJECTS
Sassenhout 48, 2290 VorselaarCivil engineering
since 2013unit no. 2.221.354.438
LB PROJECTS
Madridstraat 6, 8400 OostendeCivil engineering
since 2016unit no. 2.255.833.483
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
13044F0259/00H000 Flanders 1,256 m² 1 · 128 m² 7.9 m · 2
35013A0001/00G000 Flanders 231 m² 1 · 231 m² 16.3 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Managementactiviteiten van holdings: het tussenkomen in het dagelijks bestuur, het vertegenwoordigen van bedrijven op grond van het bezit…” (deed in Dutch)
65 activities (deed in Dutch)
  1. Managementactiviteiten van holdings: het tussenkomen in het dagelijks bestuur, het vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten;
  2. Het op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren;
  3. Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken;
  4. Projectontwikkeling voor de bouw van appartementsgebouwen;
  5. Projectontwikkeling voor kantoorbouw;
  6. De handel in eigen onroerend goed: flatgebouwen en woningen niet voor bewoning bestemde gebouwen, grond;
  7. Verhuur van woningen, exclusief sociale woningen;
  8. De verhuur van al dan niet gemeubelde appartementen en huizen;
  9. De verhuur van niet-residentiële gebouwen zoals kantoorgebouwen, handelspanden, tentoonstellingsruimtes, enzoverder;
  10. De verhuur per jaar van garageboxen en staanplaatsen voor auto's;
  11. De verhuur van terreinen;
  12. Het stenograferen;
  13. Het uitvoeren van dactylcgrafiewerk;
  14. Het uitvoeren van overig secretariaatswerk, zoals het uittikken van banden of disks, het maken van kopieën (inclusief de activiteiten van copycenters), van blauwdrukken en dergelijke;
  15. Telefoonbeantwoording voor rekening van de bedrijven;
  16. Het corrigeren van drukproeven;
  17. Direct mailing: het adresseren, vullen en verzenden van enveloppen (aan de hand van verzendlijsten die al dan niet door de eenheid zelf werden samengesteld), ook indien voor reclamemateriaal;
  18. Overige activiteiten in verband met administratie, niet eerder genoemd;
  19. Overige dienstverlenende activiteiten op het gebied van informatie;
  20. Ondersteunende activiteiten in verband met financiële diensten, exclusief verzekeringen en pensioenfondsen;
  21. Adviesbureaus op het gebied van public relations en communicatie;
  22. Het verlenen van advies en praktische hulp aan de bedrijven in verband met public relations en communicatie;
  23. Arbitrage en bemiddeling tussen bedrijfsleiding en werknemers;
  24. Overige adviesbureaus op het gebied van bedrijfsbeheer;
  25. Adviesbureaus op het gebied van bedrijfsvoering;
  26. Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie ,reorganisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enzoverder;
  27. Het toezien op de bouwwerkzaamheden (ruwbouw, installatie, afwerking, enzoverder)
  28. Het leiden van belangrijke herstellingswerkzaamheden aan gebouwen;
  29. Zoeken, selecteren, verwijzen en plaatsen van personeel ten behoeve van latere werkgever of werkzoeker: formulering van taakomschrijvingen; op geschiktheid testen van sollicitanten; natrekken van referenties;
  30. Het plaatsen voor rekening van de bedrijven van personeelsleden die werkloos zijn geworden ten gevolge van een reorganisatie (outplacement);
  31. Het verlenen van advies op het gebied van reorganisatie;
  32. Het verlenen van advies op het gebied van beveiliging aan het bedrijfsleven en aan de overheid;
  33. Administratieve en ondersteunende activiteiten ten behoeve van kantoren;
  34. Diverse administratieve activiteiten ten behoeve van kantoren;
  35. Zakelijke dienstverlening;
  36. Overige zakelijke dienstverlening;
  37. De klein- en groothandel, de in-en uitvoer van: diverse goederen, allerlei frisdranken, alcoholische dranken, meubels en artikelen voor verlichting en wooninrichting, elektrische en niet-elektrische huishoudapparaten;
  38. Messenmakers werk, vaatwerk, aardewerk, porselein en glaswerken en andere huishoudelijk artikelen, tapijten en vloermatten, huishoudtextiel zoals lakens, dekens, tafelkleden, handdoeken, en dergelijke die nog niet vermeld zijn.
  39. Het optrekken van de ruwbouw van gebouwen en de structuur van civieltechnische werken, inclusief het gieten van gewapend beton en het uitvoeren van metselwerken;
  40. Het optrekken van de ruwbouw van individuele huizen;
  41. Het optrekken van de ruwbouw van gebouwen met celstructuur, appartementsgebouwen, kantoorgebouwen, enzoverder;
  42. De bouw van daken.
  43. Het plaatsen van dakbedekking van ongeacht welk materiaal.
  44. Het plaatsen van dakgoten en regenafvoerbuizen.
  45. Onderneming voor het bouwen van funderingen, inclusief heien.
  46. Onderneming voor het uitvoeren van metselwerk.
  47. Onderneming voor het plaatsen van chape.
  48. Onderneming voor het uitvoeren van voegwerken.
  49. Onderneming voor de installatie van elektrische bedrading en toebehoren;
  50. Onderneming voor de installatie van elektrische verwarmingsinstallaties.
  51. Het aanbrengen in gebouwen en andere bouwwerken van thermische isolatiemateriaal, isolatiemateriaal tegen geluid en trillingen;
  52. De installatie in gebouwen en andere bouwwerken van: apparatuur (inclusief re-gelapparatuur) en leidingen voor, verwarming, ventilatie, koeling en klimaatregeling.
  53. De installatie in gebouwen en andere bouwwerken van: waterleidingen, artikelen en apparaten voor sanitair gebruik, sprinklerinstallaties, gas-aansluitingen, leidingen voor diverse gassen.
  54. Het aanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken.
  55. Het aanbrengen van tussenwanden van gipsplaten.
  56. Het aanbrengen in gebouwen en andere bouwwerken van: vloer- of wandtegels van keramische stoffen, beton of gehouwen steen, vloerbedekking en wandbekleding van terrazzo, marmer, graniet of lei.
  57. Het aanbrengen in gebouwen en andere bouwwerken van: parket en andere houtenvloerbedekking, tapijt en vloerbedekking van linoleum, rubber of kunststof.
  58. Het plaatsen van behang.
  59. Het schilderen van het binnen- en buitenwerk van gebouwen.
  60. Het behandelen van muren met vochtwerende en waterafstotende producten.
  61. Het schilderen van metalen constructies.
  62. De installatie van binnendeuren, scheidingswanden enzoverder van glas.
  63. Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden.
  64. De groothandel in een verscheidenheid van goederen zonder nadere specialisatie
  65. De kleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotsmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed enzoverder, met verkoopsoppervlakte kleiner dan 2500 m².

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
LB PROJECTS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, Artikel 3” (deed in Dutch)

deed of 20-12-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Voor duur van bestaan, 1” (deed in Dutch)
1 more provision on this in the deed
Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
One provision in the deed

deed of 20-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed
Share issue ruleHow and by whom new shares can be issued.
“15, naar evenredigheid van aantal aandelen” (deed in Dutch)

deed of 20-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Thursday of November at 18:00

deed of 20-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Onverminderd recht algemene vergadering om één of meerdere vereffenaars aan te duiden,hun bevoegdheden te omlijnen en vergoeding te bepalen…” (deed in Dutch)

deed of 20-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Schriftelijke en elektronische algemene vergadering, alle besluiten behorende tot bevoegdheid algemene vergadering binnen wettelijke grenzen…” (deed in Dutch)
Other provision: “Toezicht, accountant” (deed in Dutch)
Other provision: “Winstverdeling en interimdividenden, batig slot resultatenrekening na alle lasten,algemene kosten,nodige provisies en afschrijvingen” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura voorhanden op zelfde wijze verdeeld, netto-actief verdeeld onder alle aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)
Other provision: “Alle bepalingen van toepassing wanneer vennootschap slechts één aandeelhouder telt in zoverre niet strijdig met hierna gestelde regels…” (deed in Dutch)
Other provision: “Tot overdracht van geheel of gedeelte van zijn aandelen wordt door enige aandeelhouder alleen beslist, overdracht aandelen door enige…” (deed in Dutch)
Other provision: “Bepaalt vrij naargelang behoeften en op door hem bepaalde tijdstippen later uit te voeren stortingen op in speciën onderschreven en niet…” (deed in Dutch)
Other provision: “Tegenstrijdig belang enige aandeelhouder tevens enige bestuurder, tussen hem en vennootschap gesloten overeenkomsten opgenomen in stuk…” (deed in Dutch)
Other provision: “Keuze van woonplaats, alle aandeelhouders,obligatiehouders,bestuurders,commissarissen en vereffenaars die woonplaats in buitenland hebben” (deed in Dutch)
7 more provisions in the deed, see the deed of 20-12-2023

deed of 20-12-2023