Equity
€64,422 ▼ 39.9%
Leeman Projects paid out €91,665 in dividends. That is 187% of the 2025 profit.
Leeman Projects
Lifetime
6 annual accounts with figures on one time axispeak €94,676 (2025)
€94,676▲ 16.9%
peak €48,896 (2025)
€48,896▲ 13.8%
peak €107,191 (2024)
€64,422▼ 39.9%
€154,956▲ 27.6%
Board1 name since 2019
1 directorLEEMAN Mario André Cornelius
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €80,993 to €94,676Dividend €91,665Equity from €107,191 to €64,422Debts from €121,478 to €154,956
Key points
from the 2025 annual accountsTurnover
≈ €280,000 estimated
The micro format states no turnover.
Debts
€154,956 71% of the balance sheet
Financial debts 45%Suppliers 4%Taxes and wages 0%Other 51%
Of this, €85,716 falls due within a year.
Investments
€46,574 1.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.06 was 2.78 in 2024
Short-term debts rose from €42,798 to €85,716.
Filings
6 annual accounts 2 late
The 2021 accounts came latest: 26 days after the end of the period.
Checked score
82
Excellent
Financially stronger than 50% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025highest value
08-2025: 0.3%▼ -0.4 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.2%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2019
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Liquidity: current ratio 1.06, cash €66,170
Figures for financial year 2025 (filed on 06-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 25, micro). It does better than 32% of them on solvency, 70% on liquidity, 86% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as Leeman Projects has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Leeman Projects itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Leeman Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.06 (2.78 in 2024), below the usual 1.5. Short-term debt is 39.1% and cash 30.2% of total assets. 70.6% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 days early
2024
22 days early
2023
14 days late
2022
4 days early
2021
26 days late
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- LEEMAN Mario André Cornelius 150 sharesdeed of 23-12-2019
- CALLEWAERT Katrien Maria 150 sharesdeed of 23-12-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739819394
First establishment
Zuidwallandstraat 18, Houthulst
Incorporation
Founding capital of €3,000, 300 shares · Founders: LEEMAN Mario André Cornelius and CALLEWAERT Katrien Maria · Appointment: LEEMAN Mario André Cornelius (director) · published on 23-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Leeman Projects Houthulst | €219,378 | €94,676 | 29.4% | - |
| Las- en montagewerken Carlo Durant Poperinge | €200,916 | €117,016 | 72.9% | - |
| LELEU Christophe Brunehaut | €225,398 | €89,830 | -0.5% | - |
| GGS Fexhe-le-Haut-Clocher | €210,209 | €88,692 | 2.9% | - |
| T.P.R. Lede | €250,428 | €92,603 | 79.7% | - |
| VANHASSEL BRIAN Geraardsbergen | €256,746 | €93,611 | 30.2% | - |
| VANCOILLIE TECHNICS Deinze | €269,574 | €110,179 | 32.7% | - |
These companies have the same main activity as Leeman Projects: machining of metals (NACE 25530). They are comparable in size and age: total assets between €201,000 and €270,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 19-12-2019Normal situation
- Activity
- Machining of metalsNACE 25530and 1 other
- Establishment unit
- 2.298.819.1338650 Houthulst, since 02-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
Annual accounts 2025
- €219,378▼ 4.1%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on Leeman Projects
Leeman Projects files the micro format. That format states no turnover. The gross margin rose from €61,966 in 2020 to €94,676 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Leeman Projects
- What is the company number of Leeman Projects?
- The company number of Leeman Projects is 0739.819.394. The VAT number is the same number with BE in front: BE 0739.819.394.
- Where is Leeman Projects based?
- The registered office is at Zuidwallandstraat 18, 8650 Houthulst.Company details
- What does Leeman Projects do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of Leeman Projects?
- Leeman Projects is a private limited company (BV).
- When was Leeman Projects founded?
- Leeman Projects was founded on 19-12-2019.
- Is Leeman Projects still active?
- Yes, Leeman Projects is an active enterprise in the KBO register.
- What is the turnover of Leeman Projects?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €94,676 and 2,667 comparable companies of the same size. It probably lies between €190,000 and €490,000. It is a rough estimate.Financials
- Is Leeman Projects profitable?
- In financial year 2025, Leeman Projects made a profit of €48,896.
- Where can I find the annual accounts of Leeman Projects?
- Leeman Projects filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Leeman Projects due?
- Leeman Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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