LD projects
ActiveSummary
LD projects has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,733 and a net result of €44,951. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 4564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+83
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 6.3 against 9.72 in 2024; short-term debt: 12.9% and cash: 55.3% of total assets), and 13.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.6%
Return on assets
36.8%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
20 d late
2023
12 d early
2022
27 d early
2021
32 d early
2020
26 d early
2019
20 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 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Gingelom
Equity
€105,733▼ 2.4%
2024 · €108,282
Total assets
€122,059▲ 3.5%
2024 · €117,946
Net result
€44,951
2024 · -€9,005
Working capital
€83,759▲ 4.4%
2024 · €80,229
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,125▲ 27.7%€8,524€6,567▼ 23.0%€15,680▲ 139%€47,288▲ 202%
Net result-€2,279below the sector's middle half▲ 23.4%€8,348within the sector's middle half€5,846within the sector's middle half▼ 30.0%-€9,005below the sector's middle half€44,951above the sector's middle half
Equity€206,378above the sector's middle half▼ 1.1%€118,583above the sector's middle half▼ 42.5%€117,287within the sector's middle half▼ 1.1%€108,282within the sector's middle half▼ 7.7%€105,733within the sector's middle half▼ 2.4%
Total assets€222,748within the sector's middle half▼ 6.1%€120,979within the sector's middle half▼ 45.7%€126,547within the sector's middle half▲ 4.6%€117,946within the sector's middle half▼ 6.8%€122,059within the sector's middle half▲ 3.5%
Debt€16,371▼ 42.5%€2,395▼ 85.4%€9,260▲ 287%€9,665▲ 4.4%€16,326▲ 68.9%
Working capital€206,244▼ 1.1%€86,932▼ 57.9%€90,568▲ 4.2%€80,229▼ 11.4%€83,759▲ 4.4%
Solvency92.7%above the sector's middle half▲ 4.7pp98.0%above the sector's middle half▲ 5.4pp92.7%above the sector's middle half▼ 5.3pp91.8%above the sector's middle half▼ 0.9pp86.6%above the sector's middle half▼ 5.2pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 202% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,059
Fixed assets
€22,496 ▼ 21.1%
Current assets
€99,563 ▲ 11.3%
Equity and liabilities €122,059
Equity
€105,733 ▼ 2.4%
Debt
€16,326 ▲ 68.9%
Debt's share of the balance-sheet total rises from 8.2% to 13.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56,189▲
2024 · €23,721
Cash flow
€53,853▲
2024 · -€964
Current ratio
6.30▼
2024 · 9.72
Debt to equity
0.15▲
2024 · 0.09
ROE
42.5%▲
2024 · -8.3%
ROA
36.8%▲
2024 · -7.6%
Interest coverage
209.05▲
2024 · 0.95
Debt ≤ 1 year
€15,803▲
2024 · €9,206
Income taxes
€4,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 | - | €3,242 | €6,620 | €8,041 | €8,902 | ▲ 10.7% |
| Other operating charges640/8 | - | €198 | €547 | €800 | €650 | ▼ 18.8% |
| Non-recurring operating charges66A | - | - | - | - | €422 | - |
| Gross operating margin9900 | -€2,125 | €11,964 | €13,734 | €24,521 | €57,261 | ▲ 134% |
| Operating profit (loss)9901 | -€2,125 | €8,524 | €6,567 | €15,680 | €47,288 | ▲ 202% |
| Financial income75/76B | - | €0 | €19 | €166 | €2,427 | ▲ 1,362% |
| Recurring financial income75 | - | €0 | €19 | €166 | €2,427 | ▲ 1,362% |
| Financial charges65/66B | €155 | €175 | €155 | €24,851 | €269 | ▼ 98.9% |
| Recurring financial charges65 | €155 | €175 | €155 | €24,851 | €269 | ▼ 98.9% |
| Profit (loss) for the period before taxes9903 | -€2,279 | €8,348 | €6,431 | -€9,005 | €49,446 | ▲ 649% |
| Income taxes67/77 | - | - | €585 | - | €4,495 | - |
| Profit (loss) for the period9904 | -€2,279 | €8,348 | €5,846 | -€9,005 | €44,951 | ▲ 599% |
| Profit (loss) for the period to be appropriated9905 | -€2,279 | €8,348 | €5,846 | -€9,005 | €44,951 | ▲ 599% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222,748 | €120,979 | €126,547 | €117,946 | €122,059 | ▲ 3.5% |
| Fixed assets21/28 | €134 | €31,652 | €29,537 | €28,511 | €22,496 | ▼ 21.1% |
| Tangible fixed assets22/27 | - | €31,518 | €29,403 | €28,511 | €22,496 | ▼ 21.1% |
| Land and buildings22 | - | €11,829 | €10,618 | €9,407 | €8,197 | ▼ 12.9% |
| Plant, machinery and equipment23 | - | €3,396 | €2,313 | €1,229 | €2,927 | ▲ 138% |
| Furniture and vehicles24 | - | €16,293 | €16,473 | €17,875 | €11,373 | ▼ 36.4% |
| Financial fixed assets28 | €134 | €134 | €134 | - | - | - |
| Current assets29/58 | €222,615 | €89,327 | €97,010 | €89,435 | €99,563 | ▲ 11.3% |
| Amounts receivable within one year40/41 | €5,070 | €19,042 | €19,125 | €16,250 | €24,671 | ▲ 51.8% |
| Trade receivables40 | - | €16,591 | €15,153 | €14,795 | €20,848 | ▲ 40.9% |
| Other amounts receivable41 | €5,070 | €2,451 | €3,972 | €1,455 | €3,822 | ▲ 163% |
| Current investments50/53 | €206,768 | €56,768 | €56,768 | €30,000 | - | - |
| Cash at bank and in hand54/58 | €10,264 | €11,628 | €19,669 | €42,189 | €67,443 | ▲ 59.9% |
| Deferred charges and accrued income490/1 | €512 | €1,889 | €1,448 | €996 | €7,449 | ▲ 648% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222,748 | €120,979 | €126,547 | €117,946 | €122,059 | ▲ 3.5% |
| Equity10/15 | €206,378 | €118,583 | €117,287 | €108,282 | €105,733 | ▼ 2.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €147,275 | €58,275 | €56,978 | €89,682 | €87,133 | ▼ 2.8% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | €145,416 | €56,416 | €55,119 | €89,682 | €87,133 | ▼ 2.8% |
| Profit (loss) carried forward14 | €40,503 | €41,708 | €41,708 | - | - | - |
| Amounts payable17/49 | €16,371 | €2,395 | €9,260 | €9,665 | €16,326 | ▲ 68.9% |
| Amounts payable within one year42/48 | €16,371 | €2,395 | €6,442 | €9,206 | €15,803 | ▲ 71.7% |
| Trade debts44 | - | €1,673 | - | €1,902 | €2,743 | ▲ 44.2% |
| Suppliers440/4 | - | €1,673 | - | €1,902 | €2,743 | ▲ 44.2% |
| Taxes, remuneration and social security45 | - | - | €6,096 | €7,303 | €13,060 | ▲ 78.8% |
| Taxes450/3 | - | - | €6,096 | €7,303 | €13,060 | ▲ 78.8% |
| Other amounts payable47/48 | €16,371 | €723 | €346 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,818 | €459 | €523 | ▲ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,279 | €8,348 | €5,846 | -€9,005 | €44,951 | ▲ 599% |
| + Depreciation and write-downs630 | - | €3,242 | €6,620 | €8,041 | €8,902 | ▲ 10.7% |
| Operating cash flow (approximation) | -€2,279 | €11,590 | €12,466 | -€964 | €53,853 | ▲ 5,685% |
| Investment in fixed assets (approximation) | - | -€34,760 | -€4,505 | -€7,015 | -€2,887 | ▲ 58.9% |
| Change in cash | - | €1,364 | €8,041 | €22,519 | €25,254 | ▲ 12.1% |
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
20-08
State Gazette act
Registered officeRegistered-office move · Power of attorney · Statutes amendment5 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney · Statutes amendment5 facts ▸
- General meeting, algemeenheid der stemmen, éénparigheid van stemmen
- Registered-office move
- Power of attorney, Thibault VERELST
- Statutes amendment
- Power of attorney, bestuurder
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €44,951
Net result €44,951 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8,348
Net result €8,348 after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 37.29
Current ratio from 13.60 to 37.29; short-term debt falls from €16,371 to €2,395.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Gingelom · 1 establishment unit since 1984
Ground area
954 m²
Building footprint
263 m²
Volume, LiDAR
824 m³
Parcel 71044B0585/00T003, Flanders · tallest building 3.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Statiestraat 36, 3890 Gingelom
since 19842.024.284.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71044B0585/00T003 | Flanders | 954 m² | 1 · 263 m² | 3.8 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400N6X2KMLQRKR590
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. 3,619 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
Founded21-01-1984
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426285405
Also
9925:BE0426285405
Registered
06-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.