LF-Projects
ActiveSummary
LF-Projects has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €-4k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-4
Solvency70▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.98 in 2024; short-term debt: 55.5% and cash: 6.4% of total assets), and 55.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
-5.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
62 d late
2022
32 d late
2021
30 d late
2020
31 d late
2019
31 d late
← 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, micro schema
Turnover
€21k▼ 39.1%
2024 · €35k
2023: €31k
2024: €35k
2023 → 2025
EBIT margin
-20.2%▼ 7.8pp
2024 · -12.4%
2023: 23.0%
2024: -12.4%
2023 → 2025
Net result
€-4k
2024 · €4k
2018: €-6k
2019: €-6k
2020: €2k
2021: €6k
2022: €7k
2023: €7k
2024: €4k
2018 → 2025
Working capital
€6k
2024 · €-804
2018: €3k
2019: €3k
2020: €13k
2021: €20k
2022: €26k
2023: €-13k
2024: €-804
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31k€35k▲ 13.6%€21k▼ 39.1%
Equity€20k-€26k▲ 34.8%€34k▲ 27.9%€38k▲ 13.0%€34k▼ 11.4%
Operating result€6k-€4k▼ 29.5%€7k▲ 65.6%€-4k€-4k▲ 1.0%
Net result€6k-€7k▲ 15.9%€7k▲ 8.3%€4k▼ 40.4%€-4k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€28k ▼ 27.7%
Current assets
€48k ▲ 15.8%
Equity and liabilities €76k
Equity
€34k ▼ 11.4%
Debt
€42k ▲ 0.2%
Debt's share of the balance-sheet total rises from 52.4% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▲
2024 · €5k
Cash flow
€6k▼
2024 · €14k
Current ratio
1.13▲
2024 · 0.98
Quick ratio
0.46▲
2024 · 0.39
Debt to equity
1.25▲
2024 · 1.10
ROE
-12.9%▼
2024 · 11.5%
ROA
-5.7%▼
2024 · 5.5%
Interest coverage
32.60▲
2024 · 25.75
Debt ≤ 1 year
€42k▲
2024 · €42k
Staff costs
€249▼
2024 · €816
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€80k€76k▼
Fixed assets21/28€39k€28k▼
Tangible fixed assets22/27€39k€28k▼
Furniture and vehicles24€39k€28k▼
Current assets29/58€41k€48k▲
Stocks and contracts in progress3€25k€28k▲
Stocks30/36€25k€28k▲
Amounts receivable within one year40/41€4k€13k▲
Trade receivables40€2k€11k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€12k€5k▼
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€80k€76k▼
Equity10/15€38k€34k▼
Contributions10/11€6k€6k=
Reserves13€20k€20k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€12k€7k▼
Amounts payable17/49€42k€42k▲
Amounts payable within one year42/48€42k€42k▲
Trade debts44€375€253▼
Suppliers440/4€375€253▼
Other amounts payable47/48€42k€42k▲
Income statement
Code20242025
Turnover70€35k€21k▼
Non-recurring operating income76A€9k€115▼
Goods, raw materials, services and sundry goods60/61€28k€13k▼
Remuneration, social security and pensions62€816€249▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€672€1k▲
Gross operating margin9900€7k€8k▲
Operating profit (loss)9901€-4k€-4k▲
Financial income75/76B€9k€116▼
Recurring financial income75€186€1▼
Non-recurring financial income76B€9k€115▼
Financial charges65/66B€212€200▼
Recurring financial charges65€212€200▼
Profit (loss) for the period before taxes9903€4k€-4k▼
Profit (loss) for the period9904€4k€-4k▼
Profit (loss) for the period to be appropriated9905€4k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€7k▼
Profit (loss) brought forward from the previous period14P€7k€12k▲
The notes to these accounts (4 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial
Highest result since 2018net €7k ▲8.3%
Operating result €7k, net result €7k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 73 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Aalter · 1 establishment unit since 1989
Ground area
2,745 m²
Building footprint
217 m²
Volume, LiDAR
1,121 m³
Parcel 44067A0448/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LF-Projects
since 19892.043.745.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44067A0448/00B000 | Flanders | 2,745 m² | 1 · 217 m² | 8.3 m · 2 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
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BE 0870.656.558
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NCR UP ANALYTICS
BE 1013.716.712
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NETQ
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Of 2,723 companies in sector 63100 we hold annual accounts for 1,270. 858 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
Founded16-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0485600773