LC projects

Active

Private limited companyfounded 200520 yrs activeWaterstraat 140, 9040 Gent, BelgiumKBO/BCE: BE 0877.847.030

Summary

LC projects has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€61,200) and a net result of -€2,680. Equity is shrinking by ~9.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysis Watch Report Compare

LC projectsActiveChecked score 32/100

Risk analysis Report Compare

Checked score

Score 2026

32 / 100

Weak

Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability0=

Solvency0=

Growth32=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.09; short-term debt: 815.5% and cash: 37.5% of total assets), and equity is negative.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2026

Solvency, return and age of the figures

Solvency

-715.5%

Return on assets

-31.3%

Age of the figures

6 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Repair, maintenance and installation of machinery and equipment (NACE 33)

about 56% more bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2026 annual accounts show negative equity and a net loss.

NBB · annual accounts 2026

Equity per financial year

1920212223242526

2019 to 2026 · latest year -€61,200

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 19-08-2026, 73 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

73 d early

2025

50 d early

2024

45 d early

2023

55 d early

2022

on the day

2021

10 d late

2020

18 d late

← 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 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

26-09-2026 today31-03-2027 close31-10-2027 deadline

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 6 December 2005, LC projects was incorporated.¹ Total assets went from EUR 22,812 in 2019 to EUR 8,554 in 2026.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

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Financials · fiscal year 2026, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

-€2,680▲ 55.8%

2025 · -€6,059

Working capital

-€63,505▼ 3.6%

2025 · -€61,310

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20222023202420252026

Operating result-€3,997▼ 15.3%€1,082-€8,229-€5,802▲ 29.5%-€2,280▲ 60.7%

Net result-€4,293▼ 11.8%€562-€8,581-€6,059▲ 29.4%-€2,680▲ 55.8%

Equity-€44,441▼ 10.7%-€43,879▲ 1.3%-€52,461▼ 19.6%-€58,520▼ 11.5%-€61,200▼ 4.6%

Total assets€6,998▼ 43.8%€5,580▼ 20.3%€9,062▲ 62.4%€4,976▼ 45.1%€8,554▲ 71.9%

Debt€51,439▼ 2.2%€49,459▼ 3.8%€61,523▲ 24.4%€63,496▲ 3.2%€69,754▲ 9.9%

Working capital-€48,107▲ 0.6%-€48,273▼ 0.3%-€55,781▼ 15.6%-€61,310▼ 9.9%-€63,505▼ 3.6%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2,280 in 2026 against €5,802 in 2025; the loss shrinks.

Balance-sheet composition

2026 in colour, 2025 as the grey bar beneath

Assets €8,554

26.9%

73.1%

Fixed assets €2,305 ▼ 17.4%

Current assets €6,249 ▲ 186%

Key figures and ratios

2026 value · change against 2025

EBITDA

-€1,795▲

2025 · -€5,272

Cash flow

-€2,195▲

2025 · -€5,529

Solvency

-715.5%

Current ratio

0.09

Quick ratio

0.08

Debt to equity

-1.14

ROA

-31.3%

Interest coverage

-37.40▲

2025 · -122.60

Debt ≤ 1 year

€69,754▲

2025 · €63,496

Income taxes

€352▲

2025 · €349

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2026 against 2025 · 44 lines

Balance sheet Code20252026

Assets

Total assets20/58€4,976€8,554▲

Fixed assets21/28€2,790€2,305▼

Tangible fixed assets22/27€1,290€805▼

Land and buildings22€966€688▼

Furniture and vehicles24€324€117▼

Financial fixed assets28€1,500€1,500=

Current assets29/58€2,186€6,249▲

Stocks and contracts in progress3€587€691▲

Stocks30/36€587€691▲

Amounts receivable within one year40/41€998€2,253▲

Trade receivables40€952€2,253▲

Other amounts receivable41€46-

Cash at bank and in hand54/58€452€3,210▲

Deferred charges and accrued income490/1€149€95▼

Equity and liabilities

Total equity and liabilities10/49€4,976€8,554▲

Equity10/15-€58,520-€61,200▼

Contributions10/11€18,600€18,600=

Capital10€18,600€18,600=

Issued capital100€18,600€18,600=

Reserves13€411€411=

Non-distributable reserves130/1€411€411=

Legal reserve130€411€411=

Profit (loss) carried forward14-€77,531-€80,211▼

Amounts payable17/49€63,496€69,754▲

Amounts payable within one year42/48€63,496€69,754▲

Trade debts44€349€811▲

Suppliers440/4€349€811▲

Taxes, remuneration and social security45€1,906€2,045▲

Taxes450/3€1,906€2,045▲

Other amounts payable47/48€61,241€66,898▲

Income statement Code20252026

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€530€485▼

Other operating charges640/8€528€544▲

Gross operating margin9900-€4,744-€1,251▲

Operating profit (loss)9901-€5,802-€2,280▲

Financial income75/76B€135-

Recurring financial income75€135-

Financial charges65/66B€43€48▲

Recurring financial charges65€43€48▲

Profit (loss) for the period before taxes9903-€5,710-€2,328▲

Income taxes67/77€349€352▲

Profit (loss) for the period9904-€6,059-€2,680▲

Profit (loss) for the period to be appropriated9905-€6,059-€2,680▲

Appropriation of the result

Profit (loss) to be appropriated9906-€77,531-€80,211▼

Profit (loss) brought forward from the previous period14P-€71,472-€77,531▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2022	2023	2024	2025	2026	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€5,073	€838	€1,075	€530	€485	▼ 8.5%
Other operating charges640/8	€120	€122	€516	€528	€544	▲ 3.0%
Gross operating margin9900	€1,196	€2,041	-€6,638	-€4,744	-€1,251	▲ 73.6%
Operating profit (loss)9901	-€3,997	€1,082	-€8,229	-€5,802	-€2,280	▲ 60.7%
Financial income75/76B	€40	€0	-	€135	-	-
Recurring financial income75	€40	€0	-	€135	-	-
Financial charges65/66B	€39	€203	€24	€43	€48	▲ 11.6%
Recurring financial charges65	€39	€203	€24	€43	€48	▲ 11.6%
Profit (loss) for the period before taxes9903	-€3,996	€879	-€8,253	-€5,710	-€2,328	▲ 59.2%
Income taxes67/77	€298	€317	€328	€349	€352	▲ 0.9%
Profit (loss) for the period9904	-€4,293	€562	-€8,581	-€6,059	-€2,680	▲ 55.8%
Profit (loss) for the period to be appropriated9905	-€4,293	€562	-€8,581	-€6,059	-€2,680	▲ 55.8%

Line	2022	2023	2024	2025	2026	Change
Assets
Total assets20/58	€6,998	€5,580	€9,062	€4,976	€8,554	▲ 71.9%
Fixed assets21/28	€3,666	€4,394	€3,320	€2,790	€2,305	▼ 17.4%
Tangible fixed assets22/27	€2,166	€2,894	€1,820	€1,290	€805	▼ 37.6%
Land and buildings22	€450	€1,520	€1,243	€966	€688	▼ 28.8%
Plant, machinery and equipment23	€1,089	€545	-	-	-	-
Furniture and vehicles24	€626	€830	€577	€324	€117	▼ 63.9%
Financial fixed assets28	€1,500	€1,500	€1,500	€1,500	€1,500	=
Current assets29/58	€3,332	€1,186	€5,742	€2,186	€6,249	▲ 186%
Stocks and contracts in progress3	€535	€254	€801	€587	€691	▲ 17.7%
Stocks30/36	€535	€254	€801	€587	€691	▲ 17.7%
Amounts receivable within one year40/41	€1,668	€344	€2,572	€998	€2,253	▲ 126%
Trade receivables40	€1,668	€344	€2,572	€952	€2,253	▲ 137%
Other amounts receivable41	-	-	-	€46	-	-
Cash at bank and in hand54/58	€215	€220	€2,144	€452	€3,210	▲ 610%
Deferred charges and accrued income490/1	€915	€368	€225	€149	€95	▼ 36.2%
Equity and liabilities
Total equity and liabilities10/49	€6,998	€5,580	€9,062	€4,976	€8,554	▲ 71.9%
Equity10/15	-€44,441	-€43,879	-€52,461	-€58,520	-€61,200	▼ 4.6%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Capital10	-	-	€18,600	€18,600	€18,600	=
Issued capital100	-	-	€18,600	€18,600	€18,600	=
Reserves13	€412	€412	€411	€411	€411	=
Non-distributable reserves130/1	€412	€412	€411	€411	€411	=
Legal reserve130	-	-	€411	€411	€411	=
Reserves not available under the articles1311	€412	€412	-	-	-	-
Profit (loss) carried forward14	-€63,453	-€62,891	-€71,472	-€77,531	-€80,211	▼ 3.5%
Amounts payable17/49	€51,439	€49,459	€61,523	€63,496	€69,754	▲ 9.9%
Amounts payable within one year42/48	€51,439	€49,459	€61,523	€63,496	€69,754	▲ 9.9%
Trade debts44	€1,106	€883	€493	€349	€811	▲ 132%
Suppliers440/4	€1,106	€883	€493	€349	€811	▲ 132%
Taxes, remuneration and social security45	€457	€1,347	€1,680	€1,906	€2,045	▲ 7.3%
Taxes450/3	€457	€1,347	€1,680	€1,906	€2,045	▲ 7.3%
Other amounts payable47/48	€49,877	€47,229	€59,350	€61,241	€66,898	▲ 9.2%

Line	2022	2023	2024	2025	2026	Change
Profit (loss) for the period9904	-€4,293	€562	-€8,581	-€6,059	-€2,680	▲ 55.8%
+ Depreciation and write-downs630	€5,073	€838	€1,075	€530	€485	▼ 8.5%
Operating cash flow (approximation)	€779	€1,400	-€7,506	-€5,529	-€2,195	▲ 60.3%
Investment in fixed assets (approximation)	-	-€1,566	-€1	€0	€0	-
Change in cash	-	€5	€1,924	-€1,692	€2,758	▲ 263%

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

All 12Financial 2Filings 10

Next filing, fiscal year 2027, expected by 31-10-2027

2026

19-08

NBB filing Annual accounts filed

fiscal year 2026 · full schema

2025

11-09

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

16-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

31-03

Financial Weakest financial yearnet -€8,581

Net result drops to -€8,581, the lowest in the series; recovery starts the following year.

2023

06-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

31-03

Financial Back to profitnet €562

Net result €562 after 4 loss-making years.

2022

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2021

10-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 10 days late

2020

18-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 18 days late

2019

26-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

25-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

27-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 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

5 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, Gent · 1 establishment unit since 2005

seat establishment The establishment unit on the map

Ground area

259 m²

Building footprint

89 m²

Volume, LiDAR

635 m³

Parcel 44061B0201/00E000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Stablight Creations

Waterstraat 140, 9040 GentNACE 28755

since 20052.157.118.662

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44061B0201/00E000	Flanders	259 m²	1 · 89 m²	11.0 m · 3 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2022	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector and region

AERTS ELECTRO MECHANICS

BE 0634.985.556

Lebbeke

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded06-12-2005

Fiscal year end31-03

Activities, NACEBEL 2025

33120Repair and maintenance of machinery

47400Retail sale of information and communication equipment

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