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LBV Projects

Active
Private limited companyfounded 2025active for 1 yearParachutistenstraat(Kor) 2, 8500 Kortrijk, BelgiumKBO/BCE: BE 1021.108.112
Summary

LBV Projects has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,652 and a net result of €13,318. Its solvency ranks better than 48% of 11,752 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €130,000
Estimated: probably between €75,000 and €290,000
Total assets
€32,229
Net result
€13,318
Working capital
€14,268

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €32,229
Fixed assets €2,893
Current assets €29,336
Equity and liabilities €32,229
Equity €16,652
Debt €15,577
Debt finances 48.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€23,928
Cash flow
€17,657
Current ratio
1.95
Debt to equity
0.94
ROE
80.0%
ROA
41.3%
Interest coverage
over 100
Debt ≤ 1 year
€15,068
Income taxes
€6,124

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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 11,279 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 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€32,229
Fixed assets21/28€2,893
Tangible fixed assets22/27€2,893
Plant, machinery and equipment23€2,893
Current assets29/58€29,336
Amounts receivable within one year40/41€12,100
Trade receivables40€12,100
Cash at bank and in hand54/58€15,123
Deferred charges and accrued income490/1€2,113
Equity and liabilities
Total equity and liabilities10/49€32,229
Equity10/15€16,652
Contributions10/11€5,000
Reserves13€11,652
Distributable reserves133€11,652
Profit (loss) carried forward14€0
Amounts payable17/49€15,577
Amounts payable within one year42/48€15,068
Trade debts44€835
Suppliers440/4€835
Taxes, remuneration and social security45€11,948
Taxes450/3€9,748
Remuneration and social security454/9€2,200
Other amounts payable47/48€2,285
Accrued charges and deferred income492/3€508
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,339
Other operating charges640/8€206
Gross operating margin9900€24,134
Operating profit (loss)9901€19,589
Financial charges65/66B€146
Recurring financial charges65€146
Profit (loss) for the period before taxes9903€19,442
Income taxes67/77€6,124
Profit (loss) for the period9904€13,318
Profit (loss) for the period to be appropriated9905€13,318
Appropriation of the result
Profit (loss) to be appropriated9906€13,318
Transfer to equity691/2€11,652
To other reserves6921€11,652
Profit to be distributed694/7€1,666
Return on contributions (dividend)694€1,666

The notes to these accounts (5 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€4,339
Other operating charges640/8€206
Gross operating margin9900€24,134
Operating profit (loss)9901€19,589
Financial charges65/66B€146
Recurring financial charges65€146
Profit (loss) for the period before taxes9903€19,442
Income taxes67/77€6,124
Profit (loss) for the period9904€13,318
Profit (loss) for the period to be appropriated9905€13,318
Line2025
Assets
Total assets20/58€32,229
Fixed assets21/28€2,893
Tangible fixed assets22/27€2,893
Plant, machinery and equipment23€2,893
Current assets29/58€29,336
Amounts receivable within one year40/41€12,100
Trade receivables40€12,100
Cash at bank and in hand54/58€15,123
Deferred charges and accrued income490/1€2,113
Equity and liabilities
Total equity and liabilities10/49€32,229
Equity10/15€16,652
Contributions10/11€5,000
Reserves13€11,652
Distributable reserves133€11,652
Profit (loss) carried forward14€0
Amounts payable17/49€15,577
Amounts payable within one year42/48€15,068
Trade debts44€835
Suppliers440/4€835
Taxes, remuneration and social security45€11,948
Taxes450/3€9,748
Remuneration and social security454/9€2,200
Other amounts payable47/48€2,285
Accrued charges and deferred income492/3€508
Line2025
Profit (loss) for the period9904€13,318
+ Depreciation and write-downs630€4,339
Operating cash flow (approximation)€17,657

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 10-07-2026 2026-00283027

Similar companies · same sector, comparable size

Of the 11,533 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,795. 3,899 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.