LD2 Architecture
ActiveSummary
LD2 Architecture has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €52k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-20
Solvency83▲+6
Growth51▼-16
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.11 in 2024; short-term debt: 37.6% and cash: 31.3% of total assets), and 42% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
58%
Return on assets
2.9%
Age of the figures
9 mo
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
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
69 d early
2023
61 d early
2022
75 d early
2021
18 d late
2020
4 d early
2019
42 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.68M▲ 4.8%
2020 · €2.55M
2018: €2.36Mlowest in 4 years
2019: €2.48M▲ +4.9% vs 2018
2020: €2.55M▲ +3.0% vs 2019
2021: €2.68M▲ +4.8% vs 2020highest in 4 years
2018 → 2021
EBIT margin
7.1%▲ 1.4pp
2020 · 5.7%
2018: 3.8%lowest in 4 years
2019: 4.1%▲ +7.3% vs 2018
2020: 5.7%▲ +37.2% vs 2019
2021: 7.1%▲ +25.1% vs 2020highest in 4 years
2018 → 2021
Net result
€52k▼ 59.7%
2024 · €129k
2018: €60k
2019: €53k▼ -12.7% vs 2018
2020: €90k▲ +71.7% vs 2019
2021: €125k▲ +38.3% vs 2020
2022: €129k▲ +3.2% vs 2021highest in 8 years
2023: €10k▼ -92.0% vs 2022lowest in 8 years
2024: €129k▲ +1143% vs 2023
2025: €52k▼ -59.7% vs 2024
2018 → 2025
Working capital
€1.06M▲ 10.7%
2024 · €961k
2018: €397klowest in 8 years
2019: €517k▲ +30.3% vs 2018
2020: €657k▲ +27.0% vs 2019
2021: €717k▲ +9.1% vs 2020
2022: €824k▲ +15.0% vs 2021
2023: €835k▲ +1.3% vs 2022
2024: €961k▲ +15.1% vs 2023
2025: €1.06M▲ +10.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.68M-
Equity€710k-€839k▲ 18.2%€849k▲ 1.2%€978k▲ 15.2%€1.03M▲ 5.3%
2021: €710klowest in 5 years
2022: €839k▲ +18.2% vs 2021
2023: €849k▲ +1.2% vs 2022
2024: €978k▲ +15.2% vs 2023
2025: €1.03M▲ +5.3% vs 2024highest in 5 years
Operating result€190k-€197k▲ 3.7%€47k▼ 76.1%€210k▲ 348%€100k▼ 52.2%
2021: €190k
2022: €197k▲ +3.7% vs 2021
2023: €47k▼ -76.1% vs 2022lowest in 5 years
2024: €210k▲ +348% vs 2023highest in 5 years
2025: €100k▼ -52.2% vs 2024
Net result€125k-€129k▲ 3.2%€10k▼ 92.0%€129k▲ 1,143%€52k▼ 59.7%
2021: €125k
2022: €129k▲ +3.2% vs 2021highest in 5 years
2023: €10k▼ -92.0% vs 2022lowest in 5 years
2024: €129k▲ +1143% vs 2023
2025: €52k▼ -59.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.78M
Fixed assets
€44k ▼ 7.6%
Current assets
€1.73M ▼ 5.0%
Equity and liabilities €1.78M
Equity
€1.03M ▲ 5.3%
Debt
€747k ▼ 16.4%
Debt's share of the balance-sheet total falls from 47.8% to 42.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▼
2024 · €222k
Cash flow
€61k▼
2024 · €141k
Current ratio
2.59▲
2024 · 2.11
Debt to equity
0.73▼
2024 · 0.91
ROE
5.0%▼
2024 · 13.2%
ROA
2.9%▼
2024 · 6.9%
Interest coverage
4.17▼
2024 · 6.93
Debt ≤ 1 year
€668k▼
2024 · €862k
Debt > 1 year
€45k▲
2024 · €21k
Income taxes
€22k▼
2024 · €50k
Staff costs
€292k▼
2024 · €376k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.87M€1.78M▼
Formation expenses20€0€0=
Fixed assets21/28€48k€44k▼
Tangible fixed assets22/27€39k€31k▼
Furniture and vehicles24€572€155▼
Leasing and similar rights25€14k€9k▼
Other tangible fixed assets26€25k€21k▼
Financial fixed assets28€9k€14k▲
Current assets29/58€1.82M€1.73M▼
Amounts receivable within one year40/41€1.37M€1.15M▼
Trade receivables40€1.37M€1.14M▼
Other amounts receivable41€3k€10k▲
Cash at bank and in hand54/58€416k€556k▲
Deferred charges and accrued income490/1€36k€30k▼
Equity and liabilities
Total equity and liabilities10/49€1.87M€1.78M▼
Equity10/15€978k€1.03M▲
Contributions10/11€249k€249k=
Outside capital11€249k€249k=
Other1109/19€249k€249k=
Reserves13€61k€61k=
Distributable reserves133€61k€61k=
Profit (loss) carried forward14€668k€720k▲
Amounts payable17/49€894k€747k▼
Amounts payable after more than one year17€21k€45k▲
Financial debts170/4€21k€45k▲
Amounts payable within one year42/48€862k€668k▼
Current portion of amounts payable after more than one year42€11k€24k▲
Financial debts43€415k€358k▼
Credit institutions430/8€415k€358k▼
Trade debts44€352k€197k▼
Suppliers440/4€352k€197k▼
Taxes, remuneration and social security45€80k€85k▲
Taxes450/3€25k€40k▲
Remuneration and social security454/9€55k€45k▼
Other amounts payable47/48€4k€3k▼
Accrued charges and deferred income492/3€10k€34k▲
Income statement
Code20242025
Remuneration, social security and pensions62€376k€292k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€600k€402k▼
Operating profit (loss)9901€210k€100k▼
Financial income75/76B€222€167▼
Recurring financial income75€222€167▼
Financial charges65/66B€32k€26k▼
Recurring financial charges65€32k€26k▼
Profit (loss) for the period before taxes9903€178k€74k▼
Income taxes67/77€50k€22k▼
Profit (loss) for the period9904€129k€52k▼
Profit (loss) for the period to be appropriated9905€129k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€668k€720k▲
Profit (loss) brought forward from the previous period14P€539k€668k▲
Social balance
Average headcount (FTE)90875.03.4▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.68M | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €2.12M | - | - | - | - | - |
| Remuneration, social security and pensions62 | €362k | €460k | €382k | €376k | €292k | ▼ 22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €8k | €13k | €12k | €9k | ▼ 26.0% |
| Other operating charges640/8 | €12k | €1k | €6k | €1k | €1k | ▼ 12.1% |
| Gross operating margin9900 | €578k | €666k | €448k | €600k | €402k | ▼ 32.9% |
| Operating profit (loss)9901 | €190k | €197k | €47k | €210k | €100k | ▼ 52.2% |
| Financial income75/76B | €1 | €5k | €3k | €222 | €167 | ▼ 24.6% |
| Recurring financial income75 | €1 | €5k | €3k | €222 | €167 | ▼ 24.6% |
| Financial charges65/66B | €17k | €17k | €33k | €32k | €26k | ▼ 18.4% |
| Recurring financial charges65 | €17k | €17k | €33k | €32k | €26k | ▼ 18.4% |
| Profit (loss) for the period before taxes9903 | €172k | €184k | €17k | €178k | €74k | ▼ 58.3% |
| Income taxes67/77 | €47k | €55k | €6k | €50k | €22k | ▼ 54.7% |
| Profit (loss) for the period9904 | €125k | €129k | €10k | €129k | €52k | ▼ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €125k | €129k | €10k | €129k | €52k | ▼ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.53M | €1.85M | €1.70M | €1.87M | €1.78M | ▼ 5.1% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €28k | €66k | €59k | €48k | €44k | ▼ 7.6% |
| Tangible fixed assets22/27 | €17k | €58k | €51k | €39k | €31k | ▼ 22.2% |
| Furniture and vehicles24 | €12k | €9k | €4k | €572 | €155 | ▼ 72.9% |
| Leasing and similar rights25 | €4k | €24k | €19k | €14k | €9k | ▼ 33.8% |
| Other tangible fixed assets26 | €954 | €26k | €28k | €25k | €21k | ▼ 14.4% |
| Financial fixed assets28 | €11k | €8k | €8k | €9k | €14k | ▲ 60.0% |
| Current assets29/58 | €1.50M | €1.78M | €1.64M | €1.82M | €1.73M | ▼ 5.0% |
| Amounts receivable within one year40/41 | €914k | €1.45M | €1.47M | €1.37M | €1.15M | ▼ 16.4% |
| Trade receivables40 | €898k | €1.44M | €1.45M | €1.37M | €1.14M | ▼ 17.0% |
| Other amounts receivable41 | €16k | €5k | €22k | €3k | €10k | ▲ 266% |
| Cash at bank and in hand54/58 | €559k | €295k | €123k | €416k | €556k | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €31k | €37k | €46k | €36k | €30k | ▼ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.53M | €1.85M | €1.70M | €1.87M | €1.78M | ▼ 5.1% |
| Equity10/15 | €710k | €839k | €849k | €978k | €1.03M | ▲ 5.3% |
| Contributions10/11 | €249k | €249k | €249k | €249k | €249k | = |
| Capital10 | €249k | €0 | - | - | - | - |
| Issued capital100 | €249k | €0 | - | - | - | - |
| Outside capital11 | - | €249k | €249k | €249k | €249k | = |
| Other1109/19 | - | €249k | €249k | €249k | €249k | = |
| Reserves13 | €11k | €61k | €61k | €61k | €61k | = |
| Non-distributable reserves130/1 | €11k | €0 | - | - | - | - |
| Legal reserve130 | €11k | €0 | - | - | - | - |
| Distributable reserves133 | - | €61k | €61k | €61k | €61k | = |
| Profit (loss) carried forward14 | €450k | €529k | €539k | €668k | €720k | ▲ 7.8% |
| Amounts payable17/49 | €822k | €1.01M | €848k | €894k | €747k | ▼ 16.4% |
| Amounts payable after more than one year17 | €24k | €47k | €32k | €21k | €45k | ▲ 110% |
| Financial debts170/4 | €24k | €47k | €32k | €21k | €45k | ▲ 110% |
| Amounts payable within one year42/48 | €787k | €955k | €802k | €862k | €668k | ▼ 22.6% |
| Current portion of amounts payable after more than one year42 | €19k | €25k | €20k | €11k | €24k | ▲ 122% |
| Financial debts43 | €385k | €385k | €322k | €415k | €358k | ▼ 13.8% |
| Credit institutions430/8 | €385k | €385k | €322k | €415k | €358k | ▼ 13.8% |
| Trade debts44 | €285k | €386k | €361k | €352k | €197k | ▼ 44.1% |
| Suppliers440/4 | €285k | €386k | €361k | €352k | €197k | ▼ 44.1% |
| Taxes, remuneration and social security45 | €93k | €137k | €78k | €80k | €85k | ▲ 6.6% |
| Taxes450/3 | €24k | €80k | €18k | €25k | €40k | ▲ 60.8% |
| Remuneration and social security454/9 | €68k | €57k | €60k | €55k | €45k | ▼ 18.1% |
| Other amounts payable47/48 | €6k | €22k | €22k | €4k | €3k | ▼ 13.1% |
| Accrued charges and deferred income492/3 | €10k | €5k | €13k | €10k | €34k | ▲ 241% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125k | €129k | €10k | €129k | €52k | ▼ 59.7% |
| + Depreciation and write-downs630 | €14k | €8k | €13k | €12k | €9k | ▼ 26.0% |
| Operating cash flow (approximation) | €139k | €137k | €24k | €141k | €61k | ▼ 56.8% |
| Investment in fixed assets (approximation) | - | €-47k | €-6k | €-600 | €-5k | ▼ 757% |
| Change in cash | - | €-265k | €-171k | €293k | €139k | ▼ 52.3% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1MEq €1.03M ▲5.3%
8 profitable years in a row build equity to €1.03M.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €10k ▼92%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €129k ▲3.2%
Net result €129k, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €585k ▲18.3%
3 profitable years in a row build equity to €585k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Watermaal-Bosvoorde · 1 establishment unit since 2007
Ground area
5,127 m²
Building footprint
1,510 m²
Volume, LiDAR
23,163 m³
Parcel 21652E0039/00H003, Brussels · tallest building 36.3 m, ±1 floor. Linked by address, not a title deed.
288
companies at this address
See who is registered here
1 establishment unit
LD2 Architecture
since 20072.270.882.143
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 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
64888L8IWJ6X868L3F18
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 2,776 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
Founded06-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.