Leeman Projects
ActiveSummary
The computed 12-month bankruptcy probability of Leeman Projects is 1.5% (moderate). The 2025 annual accounts show equity of €64k and a net result of €49k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 1904 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+5
Solvency54▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 2.78 in 2024; short-term debt: 39.1% and cash: 30.2% of total assets), and 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
29.4%
Return on assets
22.3%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
14 d late
2022
4 d early
2021
26 d late
2020
1 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€64k▼ 39.9%
2024 · €107k
2020: €32k
2021: €47k
2022: €64k
2023: €64k
2024: €107k
2020 → 2025
Total assets
€219k▼ 4.1%
2024 · €229k
2020: €148k
2021: €158k
2022: €189k
2023: €172k
2024: €229k
2020 → 2025
Net result
€49k▲ 13.8%
2024 · €43k
2020: €29k
2021: €16k
2022: €19k
2023: €10k
2024: €43k
2020 → 2025
Working capital
€5k▼ 93.1%
2024 · €76k
2020: €-10k
2021: €7k
2022: €27k
2023: €40k
2024: €76k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€64k▲ 36.6%€64k▲ 1.1%€107k▲ 66.9%€64k▼ 39.9%
Operating result€24k-€27k▲ 8.4%€15k▼ 43.3%€57k▲ 280%€65k▲ 13.6%
Net result€16k-€19k▲ 14.8%€10k▼ 48.0%€43k▲ 344%€49k▲ 13.8%
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 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€128k ▲ 17.3%
Current assets
€91k ▼ 23.7%
Equity and liabilities €219k
Equity
€64k ▼ 39.9%
Debt
€155k ▲ 27.6%
Debt's share of the balance-sheet total rises from 53.1% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93k▲
2024 · €80k
Cash flow
€76k▲
2024 · €66k
Current ratio
1.06▼
2024 · 2.78
Debt to equity
2.41▲
2024 · 1.13
ROE
75.9%▲
2024 · 40.1%
ROA
22.3%▲
2024 · 18.8%
Interest coverage
25.38▲
2024 · 22.10
Debt ≤ 1 year
€86k▲
2024 · €43k
Debt > 1 year
€69k▼
2024 · €79k
Income taxes
€13k▲
2024 · €11k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€229k€219k▼
Fixed assets21/28€110k€128k▲
Intangible fixed assets21€0€0▼
Tangible fixed assets22/27€110k€128k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€32k€66k▲
Other tangible fixed assets26€73k€60k▼
Current assets29/58€119k€91k▼
Amounts receivable within one year40/41€30k€25k▼
Trade receivables40€24k€21k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€88k€66k▼
Deferred charges and accrued income490/1€1k€197▼
Equity and liabilities
Total equity and liabilities10/49€229k€219k▼
Equity10/15€107k€64k▼
Contributions10/11€3k€3k=
Reserves13€61k€61k=
Distributable reserves133€61k€61k=
Profit (loss) carried forward14€44k€896▼
Amounts payable17/49€121k€155k▲
Amounts payable after more than one year17€79k€69k▼
Financial debts170/4€79k€69k▼
Amounts payable within one year42/48€43k€86k▲
Current portion of amounts payable after more than one year42€22k€31k▲
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Taxes, remuneration and social security45€291€760▲
Taxes450/3€291€760▲
Other amounts payable47/48€2k€48k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€28k▲
Other operating charges640/8€658€2k▲
Non-recurring operating charges66A-€113
Gross operating margin9900€81k€95k▲
Operating profit (loss)9901€57k€65k▲
Financial income75/76B€767€456▼
Recurring financial income75€767€456▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€54k€62k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€43k€49k▲
Profit (loss) for the period to be appropriated9905€43k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€93k▲
Profit (loss) brought forward from the previous period14P€687€44k▲
Profit to be distributed694/7€0€92k▲
Return on contributions (dividend)694€0€92k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €49k ▲13.8%
Operating result €65k, net result €49k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €107k ▲66.9%
5 profitable years in a row build equity to €107k.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €10k ▼48%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Houthulst · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuidwallandstraat 188650 HouthulstGround area
2,684 m²
Building footprint
186 m²
Volume, LiDAR
774 m³
Parcel 32015C0791/00K000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Leeman Projects
since 20202.298.819.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32015C0791/00K000 | Flanders | 2,684 m² | 1 · 186 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JAN VERBOVEN
BE 0876.130.526
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JOVEKO
BE 0769.975.508
Kortemark · Eq €64,865
LEVOMATICS
BE 0717.957.178
Zulte · Eq €63,872
Laswerken Aerts Steven
BE 0846.644.902
Hoogstraten · Eq €65,155
I.T.M.
BE 0473.057.716
Wuustwezel · Eq €65,226
Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. 1,128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.