LEAN DEVELOPMENTS, PROJECTS & SERVICES
ActiveSummary
The annual accounts of LEAN DEVELOPMENTS, PROJECTS & SERVICES for financial year 2025 show a net loss of 875% of total assets and of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €35,291 and a net result of -€421,434. Equity is shrinking by about 22% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 81% of 17,033 sector peers (NACE 68, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
- Equity
- €35,291
- Loss
- -€421,434
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €421,434, the second in a row (financial year 2025)1 change of registered office in 24 monthsLast filed accounts filed 26 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 3.74, cash €23,180Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 80% on solvency, 91% on liquidity, 4% on profitability and 6% on growth.
The bankruptcy probability was computed on 24-10-2026 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).
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Signals
This company filed its last 7 accounts on average 30 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)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€421,434
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00498214.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €419,319 in 2025 against €20,150 in 2024; the loss grows and 2025 has the lowest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
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).
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 4,805 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €105,188 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,485 | €7,507 | €4,595 | €2,088 | €825 | €624 | €348 | €128 | ▼ 63.2% |
| Other operating charges640/8 | - | - | - | €4,517 | €911 | €2,626 | €4,044 | €3,903 | ▼ 3.5% |
| Gross operating margin9900 | €829,538 | €14,118 | -€28,626 | €33,075 | -€288,254 | -€132,676 | -€15,757 | -€415,288 | ▼ 2,536% |
| Operating profit (loss)9901 | €819,999 | -€769 | -€35,024 | €26,469 | -€289,990 | -€135,926 | -€20,150 | -€419,319 | ▼ 1,981% |
| Financial income75/76B | - | - | - | €61 | - | €128 | €18 | - | - |
| Recurring financial income75 | €272 | - | €1,000 | €61 | - | €128 | €18 | - | - |
| Financial charges65/66B | - | - | - | €7,042 | €4,750 | €3,688 | €6,147 | €2,115 | ▼ 65.6% |
| Recurring financial charges65 | €3,521 | €1,354 | €51,151 | €7,042 | €4,750 | €3,688 | €6,147 | €2,115 | ▼ 65.6% |
| Profit (loss) for the period before taxes9903 | €816,750 | -€2,123 | -€81,275 | €19,489 | -€294,740 | -€139,486 | -€26,278 | -€421,434 | ▼ 1,504% |
| Income taxes67/77 | €229,695 | -€20,489 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €587,055 | €18,367 | -€81,275 | €19,489 | -€294,740 | -€139,486 | -€26,278 | -€421,434 | ▼ 1,504% |
| Profit (loss) for the period to be appropriated9905 | €587,055 | €18,367 | -€81,275 | €19,489 | -€294,740 | -€139,486 | -€26,278 | -€421,434 | ▼ 1,504% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €2.7m | €1.7m | €1.6m | €0.7m | €0.6m | €0.6m | €0.05m | ▼ 92.0% |
| Fixed assets21/28 | €0.01m | €0.006m | €0.002m | €0.003m | €0.002m | €476 | €128 | - | - |
| Tangible fixed assets22/27 | €0.01m | €0.006m | €0.002m | €0.001m | €0.001m | €476 | €128 | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €460 | €92 | - | - | - |
| Leasing and similar rights25 | - | - | - | - | €0.001m | €384 | €128 | - | - |
| Financial fixed assets28 | - | - | - | €0.001m | €0.001m | - | - | - | - |
| Current assets29/58 | €3.0m | €2.7m | €1.7m | €1.6m | €0.7m | €0.6m | €0.6m | €0.05m | ▼ 92.0% |
| Stocks and contracts in progress3 | €2.6m | €2.5m | €1.1m | €0.9m | €0.6m | €0.6m | €0.6m | - | - |
| Stocks30/36 | - | - | - | - | - | €0.6m | - | - | - |
| Contracts in progress37 | - | - | - | €0.9m | €0.6m | - | €0.6m | - | - |
| Amounts receivable within one year40/41 | €0.4m | €0.07m | €0.1m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 1.4% |
| Trade receivables40 | - | - | - | €0.01m | €0.01m | €0.008m | €0.007m | €0.02m | ▲ 125% |
| Other amounts receivable41 | - | - | - | - | €0.007m | €0.01m | €0.02m | €0.009m | ▼ 48.1% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.5m | €0.7m | €0.1m | €236 | - | €0.02m | - |
| Deferred charges and accrued income490/1 | - | - | - | €415 | €0.001m | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €2.7m | €1.7m | €1.6m | €0.7m | €0.6m | €0.6m | €0.05m | ▼ 92.0% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €0.9m | €0.6m | €0.5m | €0.5m | €0.04m | ▼ 92.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €1.2m | €1.2m | €1.1m | €0.9m | €0.6m | €0.5m | €0.4m | €0.01m | ▼ 96.6% |
| Amounts payable17/49 | €1.8m | €1.5m | €0.6m | €0.6m | €0.06m | €0.1m | €0.1m | €0.01m | ▼ 91.2% |
| Amounts payable within one year42/48 | €1.8m | €1.5m | €0.6m | €0.6m | €0.06m | €0.1m | €0.1m | €0.01m | ▼ 91.2% |
| Financial debts43 | - | - | - | €0.1m | - | €0.06m | €0.07m | - | - |
| Credit institutions430/8 | - | - | - | €0.1m | - | €0.06m | €0.07m | - | - |
| Trade debts44 | €0.8m | €0.5m | €0.4m | €0.2m | €0.06m | €0.04m | €0.02m | €0.01m | ▼ 26.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.06m | €0.03m | €0.02m | €0.01m | ▼ 26.8% |
| Bills of exchange payable441 | - | - | - | - | - | €0.009m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0.08m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.3m | - | - | €0.05m | €31 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | €352 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €587,055 | €18,367 | -€81,275 | €19,489 | -€294,740 | -€139,486 | -€26,278 | -€421,434 | ▼ 1,504% |
| + Depreciation and write-downs630 | €4,485 | €7,507 | €4,595 | €2,088 | €825 | €624 | €348 | €128 | ▼ 63.2% |
| Operating cash flow (approximation) | €591,539 | €25,874 | -€76,680 | €21,577 | -€293,915 | -€138,862 | -€25,930 | -€421,306 | ▼ 1,525% |
| Investment in fixed assets (approximation) | - | -€2,585 | -€987 | -€2,464 | -€768 | €1,360 | €0 | - | - |
| Change in cash | - | €95,966 | €340,842 | €194,717 | -€580,559 | -€107,072 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00498214 |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00386456 |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00486751 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00304371 |
| 31-12-2021 | full format | 10-08-2022 | 2022-20280875 |
| 31-12-2020 | full format | 25-08-2021 | 2021-53700151 |
| 31-12-2019 | full format | 08-10-2020 | 2020-59900219 |
| 31-12-2018 | full format | 30-08-2019 | 2019-60200354 |
| 31-12-2017 | full format | 06-08-2018 | 2018-43700418 |
| 31-12-2016 | full format | 20-09-2017 | 2017-61600390 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LEE, Christopher |
|
Owners and capital
Capital and shareholders
- 06-12-2023 Converted to unavailable equity · €20,460
- 06-12-2023 Capital conversion · €20,460
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-12
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 25-10-2025
- Registered-office move, Chaussée d'Alsemberg 897,1180 Uccle
06-12
Gazette deed
Resignation: Christopher LEE (manager)Reappointment: Christopher LEE (administrateur non statutaire) · Legal form clause · Capital conversion10 facts ▸
- General meeting, 01-12-2023
- Legal form clause, “conserver, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible créé en application de l’article 39, §2, deuxième alinéa, suppression” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, Christopher LEE (manager)
- Director discharge, Christopher LEE
- Director reappointment, Christopher LEE (administrateur non statutaire)
- Registered office clause, “1050 Bruxelles,rue Washington,48” (deed in French)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21616A0121/00Y002 | Brussels | 347 m² | 1 · 329 m² | 17.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat, la vente, la rénovation, la location, la gestion, la régie de tous biens immeubles, toutes opérations de promotion immobilière…” (deed in French)
5 activities (deed in French)
- L’achat, la vente, la rénovation, la location, la gestion, la régie de tous biens immeubles, toutes opérations de promotion immobilière, l’aménagement et la transformation de tous immeubles étant entendu que les activités nécessitant un accès à la profession dont la société ne serait pas titulaire seront effectuées par des tiers en règle à ce sujet.
- S’approprier, donner ou prendre en location, ériger, aliéner ou échanger tous biens tant meubles qu’immeubles, tous biens d’exploitation ou d’équipement et d’une manière générale entreprendre toutes opérations commerciales, industrielles, financières se rapportant directement ou indirectement à son objet social.
- S’intéresser par voie d’apport, de fusion, de souscription, d’intervention financière ou par tout autre mode dans toutes sociétés, associations ou entreprises ayant, en tout ou en partie, un objet similaire ou connexe au sien ou susceptible d’en favoriser l’extension ou le développement.
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
- Être gérant, administrateur ou liquidateur d’autres sociétés.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LEAN DEVELOPMENTS, PROJECTS & SERVICES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, fixée par assemblée,à défaut sans limitation de durée” (deed in French)“Assemblée générale, décide si mandat exercé gratuitement ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d’actions acquises, tous cas de cessions…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par assemblée générale délibérant formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, faculté assemblée désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)“Apurement dettes,charges,frais ou consignation montants nécessaires, actif net entre actionnaires en proportion actions,biens conservés…” (deed in French)