LFC PROJECT
InactiveLFC PROJECT was declared bankrupt on 29-04-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 03-11-2025, published in the Belgian State Gazette on 13-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-10-2023, 63 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
63 d late
2021
108 d late
2020
114 d late
2019
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 92 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2022, micro schema
Equity
-€8,326
2021 · €13,219
Total assets
€72,987▼ 40.4%
2021 · €122,492
Net result
-€21,544
2021 · €10,134
Working capital
€127▼ 99.5%
2021 · €27,075
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€5,203--€2,198▲ 57.8%€13,155€20,341▲ 54.6%-€18,074
Net result-€6,443--€3,350▲ 48.0%€6,366€10,134▲ 59.2%-€21,544
Equity€69--€3,281€3,085€13,219▲ 329%-€8,326
Total assets€54,905-€30,033▼ 45.3%€56,003▲ 86.5%€122,492▲ 119%€72,987▼ 40.4%
Debt€54,835-€33,314▼ 39.2%€52,918▲ 58.8%€109,274▲ 106%€81,312▼ 25.6%
Working capital-€9,451--€7,321▲ 22.5%-€594▲ 91.9%€27,075€127▼ 99.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €18,074 after €20,341 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €72,987
Fixed assets
€4,752 ▲ 4.1%
Current assets
€68,235 ▼ 42.1%
Key figures and ratios
EBITDA
-€16,583▼
2021 · €22,103
Cash flow
-€20,053▼
2021 · €11,896
Solvency
-11.4%▼
2021 · 10.8%
Current ratio
1.00▼
2021 · 1.30
Quick ratio
0.99▼
2021 · 1.28
Debt to equity
-9.77▼
2021 · 8.27
ROA
-29.5%▼
2021 · 8.3%
Interest coverage
-5.05▼
2021 · 9.94
Debt ≤ 1 year
€68,108▼
2021 · €90,855
Debt > 1 year
€13,204▼
2021 · €18,419
Income taxes
€282▼
2021 · €8,024
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,779 | €3,481 | €1,897 | €1,762 | €1,491 | ▼ 15.3% |
| Other operating charges640/8 | - | - | - | €16,854 | €15,903 | ▼ 5.6% |
| Gross operating margin9900 | €3,879 | €3,728 | €23,306 | €38,957 | -€679 | ▼ 102% |
| Operating profit (loss)9901 | -€5,203 | -€2,198 | €13,155 | €20,341 | -€18,074 | ▼ 189% |
| Financial income75/76B | - | - | - | €41 | €95 | ▲ 130% |
| Recurring financial income75 | €177 | €21 | €185 | €41 | €95 | ▲ 130% |
| Financial charges65/66B | - | - | - | €2,224 | €3,283 | ▲ 47.6% |
| Recurring financial charges65 | €1,417 | €774 | €1,259 | €2,224 | €3,283 | ▲ 47.6% |
| Profit (loss) for the period before taxes9903 | -€6,443 | -€2,951 | €12,081 | €18,159 | -€21,262 | ▼ 217% |
| Income taxes67/77 | - | €400 | €5,715 | €8,024 | €282 | ▼ 96.5% |
| Profit (loss) for the period9904 | -€6,443 | -€3,350 | €6,366 | €10,134 | -€21,544 | ▼ 313% |
| Profit (loss) for the period to be appropriated9905 | -€6,443 | -€3,350 | €6,366 | €10,134 | -€21,544 | ▼ 313% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,905 | €30,033 | €56,003 | €122,492 | €72,987 | ▼ 40.4% |
| Fixed assets21/28 | €9,521 | €4,040 | €3,679 | €4,562 | €4,752 | ▲ 4.1% |
| Intangible fixed assets21 | €1,100 | €1,100 | €550 | - | - | - |
| Tangible fixed assets22/27 | €7,610 | €2,128 | €1,531 | €3,060 | €3,142 | ▲ 2.7% |
| Plant, machinery and equipment23 | - | - | - | €268 | €173 | ▼ 35.4% |
| Furniture and vehicles24 | - | - | - | €2,792 | €2,968 | ▲ 6.3% |
| Financial fixed assets28 | €811 | €811 | €1,598 | €1,502 | €1,610 | ▲ 7.2% |
| Current assets29/58 | €45,384 | €25,993 | €52,324 | €117,930 | €68,235 | ▼ 42.1% |
| Stocks and contracts in progress3 | - | - | €10,717 | €1,230 | €490 | ▼ 60.2% |
| Stocks30/36 | - | - | - | €1,230 | €490 | ▼ 60.2% |
| Amounts receivable within one year40/41 | €41,985 | €23,684 | €30,504 | €58,505 | €31,405 | ▼ 46.3% |
| Trade receivables40 | - | - | - | €56,355 | €30,270 | ▼ 46.3% |
| Other amounts receivable41 | - | - | - | €2,150 | €1,135 | ▼ 47.2% |
| Cash at bank and in hand54/58 | €2,990 | €2,030 | €11,103 | €17,721 | €5,485 | ▼ 69.0% |
| Deferred charges and accrued income490/1 | - | - | - | €40,475 | €30,856 | ▼ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,905 | €30,033 | €56,003 | €122,492 | €72,987 | ▼ 40.4% |
| Equity10/15 | €69 | -€3,281 | €3,085 | €13,219 | -€8,326 | ▼ 163% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€18,531 | -€21,881 | -€15,515 | -€5,381 | -€26,926 | ▼ 400% |
| Amounts payable17/49 | €54,835 | €33,314 | €52,918 | €109,274 | €81,312 | ▼ 25.6% |
| Amounts payable after more than one year17 | - | - | - | €18,419 | €13,204 | ▼ 28.3% |
| Financial debts170/4 | - | - | - | €18,419 | €13,204 | ▼ 28.3% |
| Amounts payable within one year42/48 | €54,835 | €33,314 | €52,918 | €90,855 | €68,108 | ▼ 25.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,824 | €4,742 | ▼ 1.7% |
| Trade debts44 | €38,496 | €14,599 | €27,464 | €62,777 | €25,259 | ▼ 59.8% |
| Suppliers440/4 | - | - | - | €62,777 | €25,259 | ▼ 59.8% |
| Advances received on contracts in progress46 | - | - | - | €9,515 | €29,500 | ▲ 210% |
| Taxes, remuneration and social security45 | - | - | - | €13,740 | €8,607 | ▼ 37.4% |
| Taxes450/3 | - | - | - | €13,740 | €8,607 | ▼ 37.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,443 | -€3,350 | €6,366 | €10,134 | -€21,544 | ▼ 313% |
| + Depreciation and write-downs630 | €5,779 | €3,481 | €1,897 | €1,762 | €1,491 | ▼ 15.3% |
| Operating cash flow (approximation) | -€664 | €130 | €8,262 | €11,896 | -€20,053 | ▼ 269% |
| Investment in fixed assets (approximation) | - | €2,001 | -€1,536 | -€2,645 | -€1,681 | ▲ 36.5% |
| Change in cash | - | -€960 | €9,073 | €6,617 | -€12,236 | ▼ 285% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
13-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 03-11-2025
04-04
KBO administration
Address struck
2024
31-05
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 29-04-2024
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Weakest financial yearnet -€21,544
Net result drops to -€21,544, the lowest in the series.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
31-12
Financial
Highest result since 2018net €10,134 ▲59.2%
Operating result €20,341, net result €10,134, both a record.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
31-12
Financial
Back to profitnet €6,366
Net result €6,366 after 2 loss-making years.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANNE-CATHERINE SCIAMANNA RUE DU PARC, 42,
6140 FONTAINE-L’EVEQUE- .
69563
BELGISCH STAATSBLAD — 31.05.2024 — MONITEUR BELGE
Date provisoire de cessation de paiement : 29/04/2024 |
29-04-2024 → 03-11-2025 |
Identification & contact
Identification
Legal formSPRL
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.