Summary
LIEBAERT PROJECTS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2012 annual accounts show equity of €295,368 and a net result of -€22,500. Equity is shrinking by ~5.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2012 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2012 · tick = 2011
Profitability19▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2012Solvency, return and age of the figures
Solvency
99.2%
Return on assets
-7.6%
Age of the figures
165 mo
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
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 29-08-2013, 29 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2012, abbreviated schema
Equity
€295,368▼ 7.1%
2011 · €317,868
Total assets
€297,708▼ 7.0%
2011 · €320,085
Net result
-€22,500▲ 0.8%
2011 · -€22,680
Working capital
€43,242▼ 11.5%
2010 · €48,841
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
Line20082009201020112012
Operating result-€10,923--€7,839▲ 28.2%-€16,864▼ 115%-€22,661▼ 34.4%-€23,330▼ 3.0%
Net result-€10,862--€7,794▲ 28.2%-€16,864▼ 116%-€22,680▼ 34.5%-€22,500▲ 0.8%
Equity€365,206-€357,412▼ 2.1%€340,548▼ 4.7%€317,868▼ 6.7%€295,368▼ 7.1%
Total assets€367,337-€360,798▼ 1.8%€342,727▼ 5.0%€320,085▼ 6.6%€297,708▼ 7.0%
Debt€2,131-€3,386▲ 58.9%€2,179▼ 35.6%€2,217▲ 1.7%€2,340▲ 5.5%
Working capital€33,948-€45,985▲ 35.5%€48,841▲ 6.2%€43,242
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,330 in 2012 against €22,661 in 2011; the loss grows and 2012 has the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €297,708
Fixed assets
€254,416 ▼ 7.2%
Current assets
€43,292 ▼ 5.8%
Equity and liabilities €297,708
Equity
€295,368 ▼ 7.1%
Debt
€2,340 ▲ 5.5%
Debt's share of the balance-sheet total rises from 0.7% to 0.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,604▼
2011 · -€2,935
Cash flow
-€2,774▲
2011 · -€2,954
ROE
-7.6%▼
2011 · -7.1%
ROA
-7.6%▼
2011 · -7.1%
Debt ≤ 1 year
€51
A ratio outside any meaningful range has been withheld (balance sheet total €297,708, equity €295,368).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,726 | €19,726 | €19,726 | €19,726 | €19,726 | = |
| Gross operating margin9900 | €9,509 | €12,625 | €3,600 | -€2,139 | -€2,647 | ▼ 23.7% |
| Operating profit (loss)9901 | -€10,923 | -€7,839 | -€16,864 | -€22,661 | -€23,330 | ▼ 3.0% |
| Recurring financial income75 | €1,345 | €89 | - | €18 | €842 | ▲ 4,580% |
| Recurring financial charges65 | €1,284 | €44 | - | €37 | €12 | ▼ 67.6% |
| Profit (loss) for the period before taxes9903 | -€10,862 | -€7,794 | -€16,864 | -€22,680 | -€22,500 | ▲ 0.8% |
| Profit (loss) for the period9904 | -€10,862 | -€7,794 | -€16,864 | -€22,680 | -€22,500 | ▲ 0.8% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,337 | €360,798 | €342,727 | €320,085 | €297,708 | ▼ 7.0% |
| Fixed assets21/28 | €333,320 | €313,594 | €293,868 | €274,142 | €254,416 | ▼ 7.2% |
| Tangible fixed assets22/27 | €333,320 | €313,594 | €293,868 | €274,142 | €254,416 | ▼ 7.2% |
| Current assets29/58 | €34,017 | €47,204 | €48,859 | €45,943 | €43,292 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €4,900 | €5,050 | €3,750 | €3,750 | €3,750 | = |
| Current investments50/53 | €23,831 | - | - | €42,000 | €39,259 | ▼ 6.5% |
| Cash at bank and in hand54/58 | €5,286 | €42,154 | €45,109 | €193 | €283 | ▲ 46.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,337 | €360,798 | €342,727 | €320,085 | €297,708 | ▼ 7.0% |
| Equity10/15 | €365,206 | €357,412 | €340,548 | €317,868 | €295,368 | ▼ 7.1% |
| Profit (loss) carried forward14 | €365,206 | €357,412 | €340,548 | €317,868 | €295,368 | ▼ 7.1% |
| Amounts payable17/49 | €2,131 | €3,386 | €2,179 | €2,217 | €2,340 | ▲ 5.5% |
| Amounts payable within one year42/48 | €69 | €1,219 | €18 | - | €51 | - |
| Trade debts44 | €69 | €1,219 | €18 | - | €51 | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,862 | -€7,794 | -€16,864 | -€22,680 | -€22,500 | ▲ 0.8% |
| + Depreciation and write-downs630 | €19,726 | €19,726 | €19,726 | €19,726 | €19,726 | = |
| Operating cash flow (approximation) | €8,864 | €11,932 | €2,862 | -€2,954 | -€2,774 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €36,868 | €2,955 | -€44,916 | €90 | ▲ 100% |
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
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
30-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 91 days late
2011
31-12
Financial
Weakest financial yearnet -€22,680
Net result drops to -€22,680, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial
Liquidity times 70current ratio 2714.39
Current ratio from 38.72 to 2714.39; short-term debt falls from €1,219 to €18.
02-09
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 33 days late
2009
06-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
31-12
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2023
Ground area
1,240 m²
Building footprint
270 m²
Volume, LiDAR
3,177 m³
Parcel 34353B0003/00G005, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Minister Liebaertlaan(KOR) 1, 8500 Kortrijk
since 20232.345.219.478
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0003/00G005 | Flanders | 1,240 m² | 1 · 270 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formNon-profit association
Founded01-10-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.