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Leeman Projects

Active Private limited companyfounded 2019active for 6 yearsZuidwallandstraat 18, 8650 HouthulstKBO/BCE: BE 0739.819.394

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €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
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 accounts

Equity

€64,422 ▼ 39.9%
107,1912024+48,896Profit-91,665Dividend64,4222025

Leeman Projects paid out €91,665 in dividends. That is 187% of the 2025 profit.

Turnover

≈ €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
20212022202320242025

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
AprilJune31 JulyOctober202020222024

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 strength
Strong

54-18equity 29.4% of total assets
70-23short-term debt 39.1% · cash 30.2%
97+5return on assets 22.3%

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
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

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
lowers risk · Liquidity: current ratio 1.06, cash €66,170
NBB · annual accounts
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Figures for financial year 2025 (filed on 06-07-2026)
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LM
Director, since 18-12-2019
  • LEEMAN Mario André Cornelius 150 sharesdeed of 23-12-2019
  • CALLEWAERT Katrien Maria 150 sharesdeed of 23-12-2019
Board & ownership

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
All 12 events

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
Company details

Annual accounts 2025

€94,676▲ 16.9%
€48,896▲ 13.8%
€64,422▼ 39.9%
€219,378▼ 4.1%
Filing
Filed on 06-07-2026, 25 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 06-07-2026, 25 days before the deadline
€94,676
▲ 16.9%
€64,966
▲ 13.6%
€48,896
▲ 13.8%
€5,238
▼ 93.1%
29.4%
▼ 17.5 percentage points
1.06
▼ 1.72

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €280,000. Estimated: probably between €190,000 and €490,000.

Balance sheet

balance sheet total €219,378 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

29.4%

Higher than 34% of 2,343 companies in 2025.

1.06

Higher than 29% of 2,309 companies in 2025.

22.3%

Higher than 83% of 2,323 companies in 2025.

Leeman Projects Middle half of the sector 80% of the sector Micro accounts in fabricated metal products (NACE 25)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 219,378228,669171,545189,447157,533148,138
21/28 128,424109,52995,544110,549110,023126,557
21 001111
22/27 128,424109,52995,543110,548110,022126,556
23 2,1104,1946,23412,45513,29619,649
24 65,99931,9812,9195,3708,19611,146
26 60,31573,35386,39192,72488,53095,761
29/58 90,954119,14076,00178,89847,51021,581
40/41 24,58730,17240,21823,95214,3059,480
40 20,96723,74128,97617,99913,1868,532
41 3,6196,43211,2425,9521,118948
54/58 66,17087,78034,92552,19633,20611,965
490/1 1971,1888572,7500136
Balance sheet: equity and liabilities
10/49 219,378228,669171,545189,447157,533148,138
10/15 64,422107,19164,21463,52746,50231,879
10/11 3,0003,0003,0003,0003,0003,000
13 60,52760,52760,52760,52743,50228,879
133 60,52760,52760,52760,52743,50228,879
14 89643,66568700-
17/49 154,956121,478107,331125,920111,031116,259
17 69,24078,68071,23374,04070,56185,114
170/4 69,24078,68071,23374,04070,56185,114
42/48 85,71642,79836,09851,88140,47031,145
42 31,10322,27215,30114,02714,55316,864
44 5,85318,2697,72625,0613,5093,109
440/4 5,85318,2697,72625,0613,5093,109
45 7602914,07111,19217,2767,012
450/3 7602914,07111,19217,2767,012
47/48 48,0001,9669,0001,6005,1324,159
Income statement
9900 94,67680,99337,34148,73447,16261,966
630 27,56623,12321,61221,58222,08022,964
640/8 2,031658670617613538
66A 113-----
9901 64,96657,21215,05826,53624,46938,464
75/76B 45676758132633179
75 45676758132633179
65/66B 3,6463,6342,9342,2632,3173,009
65 3,6463,6342,9342,2632,3173,009
9903 61,77754,34512,70524,59922,18535,635
67/77 12,88111,3683,0175,9745,9626,756
9904 48,89642,9779,68718,62516,22328,879
9905 48,89642,9779,68718,62516,22328,879
Appropriation of the result
9906 92,56043,6659,68718,62516,22328,879
14P 43,665687----
691/2 --017,02514,62328,879
6921 --017,02514,62328,879
694/7 91,66509,0001,6001,600-
694 91,66509,0001,6001,600-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 06-07-2026 2026-00256085 PDF
31-12-2024 micro format 09-07-2025 2025-00258863 PDF
31-12-2023 micro format 14-08-2024 2024-00347759 PDF
31-12-2022 micro format 27-07-2023 2023-00299693 PDF
31-12-2021 micro format 26-08-2022 2022-20380436 PDF
31-12-2020 micro format 30-07-2021 2021-42600302 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
92,53280,33536,67048,11846,54961,428
76,46266,10031,29940,20738,30351,843
46,57437,1086,60722,1085,546149,521
-21,61052,855-17,27118,99021,241-
5,23876,34239,90327,0187,040-9,564
29.4%46.9%37.4%33.5%29.5%21.5%
1.062.782.111.521.170.69
2.411.131.671.982.393.65
75.9%40.1%15.1%29.3%34.9%90.6%
22.3%18.8%5.6%9.8%10.3%19.5%
25.3822.1012.5021.2620.09-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€46,574€37,108€6,607€22,108€5,546
Financial fixed assets€0----
€27,566€23,123€21,612€21,582€22,080

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Leeman Projects

The operating result for 2025 is 14% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 53.1% to 70.6%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
since 18-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 06-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet…”
deed of 23-12-2019

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
LEEMAN Mario André Cornelius
Director (not named in the articles)
Board
Mandates as a list
  • LEEMAN Mario André Cornelius
    • Director (not named in the articles), from 18-12-2019 to date

See the board, name and registered office on a given date →

Control

Founders
LEEMAN Mario André Cornelius, CALLEWAERT Katrien Maria
This company
Leeman Projects
Equity €64,422
Profit €48,896 in 2025

Capital

Contribution
€3,000
Shares
300
Contribution per share
€10
Equity per share
€215 in 2025
Source
deed of 23-12-2019

Articles of association

deed of 23-12-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 14:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 23-12-2019 ↗

Capital transactions

Capital over time
  1. 23-12-2019 Incorporation · €3,000 · 300 shares
  2. 23-12-2019 Converted to unavailable equity · €3,000

Network & group

No group

Leeman Projects has no parent and no holdings in its annual accounts. LEEMAN Mario André Cornelius is the only director. Leeman Projects shares no director with another company.

Timeline

Timeline

12 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 25 days before the deadline
2025
Highest result from 2020 to 2025 net €48,896 ▲13.8% The operating result of €64,966 and the net result of €48,896 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0739819394
Annual accounts 2024 filed PDFmicro format · 22 days before the deadline
2024
Equity above €100,000 equity €107,191 ▲66.9% With a profit in every financial year since 2020, equity grows to €107,191.
Annual accounts 2023 filed PDFmicro format · 14 days late
2023
Weakest financial year net €9,687 ▼48% The net result drops to €9,687, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 4 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 26 days late
2021
Annual accounts 2020 filed PDFmicro format · 1 day before the deadline
2020
First establishment Zuidwallandstraat 18, Houthulst
2019
IncorporationFounding capital of €3,000, 300 shares · Founders: LEEMAN Mario André Cornelius and CALLEWAERT Katrien Maria · Appointment: LEEMAN Mario André Cornelius (director) · published on 23-12-20196 points ▸
  • Founder, LEEMAN Mario André Cornelius
  • Founder, CALLEWAERT Katrien Maria
  • Founding capital, €3,000, 300 shares
  • Registered office clause, Zuidwallandstraat 18, 8650 Houthulst
  • Board rule, 1
  • Director appointment, LEEMAN Mario André Cornelius (director (not named in the articles))
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Leeman Projects was incorporated on 19 December 2019 as a private limited company by two natural persons, with a starting capital of €3,000.12 Since 2019, LEEMAN Mario André Cornelius has served as director.3 Total assets rose from €148,138 in 2020 to €219,378 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-12-2019
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0739.819.394
VAT number
BE 0739.819.394
Peppol ID
0208:0739819394
Other Peppol ID
9925:BE0739819394
Legal form
Private limited company
Status
Active, normal situation
Founded
19-12-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 14:00
deed of 23-12-2019 (in Dutch)
Peppol
Reachable since 07-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Leeman Projects in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-12-2019 (in Dutch)
Name clauseThe company operates under this name according to its articles.
Leeman Projects
deed of 23-12-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 23-12-2019 (in Dutch)

Activities

NACEBEL 2025
25530 Machining of metals main activity
Codes under NACEBEL 2008
25620 Manufacture of fabricated metal products, except machinery and equipment main activity
25110 Manufacture of metal structures and parts of structures
PurposeThe purpose describes the activities the company may carry out under its articles.
“Vervaardiging van metalen constructiewerken en delen daarvan,alsook van gebinten voor de bouw; Oppervlaktebehandeling van metalen…”
21 activities
  1. Vervaardiging van metalen constructiewerken en delen daarvan,alsook van gebinten voor de bouw.
  2. Oppervlaktebehandeling van metalen.
  3. Verspanend bewerken van metalen,metalen onderdelen en basismaterialen.
  4. Het bewerken van kunststofonderdelen en basismaterialen.
  5. Het vervaardigen,herstellen en onderhouden van metalen constructies en kunststofconstructies.
  6. Het uitvoeren van alle draai-,frees- en laswerken,alsook boren,schaven,lappen,zagen en slijpen van metalen stukken.
  7. Vervaardiging van overige artikelen van metaal,niet eerder genoemd
  8. Het verlenen van advies met betrekking tot technische installaties en constructies.
  9. Grondverzet;graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven.
  10. Verlagen van grondwaterpeil en drainage van bouwterreinen.
  11. Ruimen van bouwterreinen.
  12. Isolatiewerkzaamheden.
  13. Installatie van stores en zonneschermen.
  14. Algemene bouwinstallatie.
  15. Gevelreiniging en overige werkzaamheden in verband met de afwerking van gebouwen.
  16. Uitvoeren van voegwerken.
  17. Bouwen van funderingen,inclusief heien.
  18. Uitvoeren van hijs- en hefwerkzaamheden voor rekening van derden.
  19. Optrekken en afbreken van steigers en werkplatforms.
  20. Schoorsteenvegen en het schoonmaken van vuurplaatsen,kachels,ovens,ketels van centrale verwarming,ventilatiekanalen en uitlaatsystemen.
  21. Andere reinigingsactiviteiten.
deed of 23-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Zuidwallandstraat 18 registered office 8650 Houthulst 25110 Manufacture of metal structures and parts of structures 02-01-2020 2.298.819.133

Buildings and parcels at the address

Ground area
2,684 m²
Buildings
186 m²
Volume, LiDAR
774 m³
Tallest building
6.9 m
Buildings to scale, each on its own parcel
186 m², 6.9 m 186 m², 6.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
32015C0791/00K0002,684 m² 1 · 186 m² 6.9 m · 1