Lievens Project
ActiveSummary
Lievens Project has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €276,029 and a net result of €100,523. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
How big
€493,966total assets 2024
- Equity
- €276,029
- Profit
- €100,523
Turnover not published (abridged schema)
Who decides
Accounts 39 d early0 of 2 deeds read
Why 74- Limited track record+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-11
Solvency81▲+31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.34 in 2023; short-term debt: 44.1% and cash: 1.6% of total assets), and 44.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-06-2026, 39 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
39 d early
2024
35 d early
2023
34 d early
2022
95 d early
2021
79 d early
2020
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 22 June (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Equity above €200,000Eq €276,029 ▲57.3%
Financials
Fiscal year 2024Total assets €493,966Profit €100,523Solvency 55.9%Liquidity 2.27
Total assets
€493,966▼ 29.0%
2020 - 2024
Net result
€100,523▼ 40.9%
2020 - 2024
Equity
€276,029▲ 57.3%
2020 - 2024
Solvency
55.9%▲ 30.7pp
2020 - 2024
Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€0.03m--€0.005m-€0.005m▼ 3.4%€0.3m€0.2m▼ 37.3%
Net result€0.02mwithin the sector's middle half--€0.008mwithin the sector's middle half-€0.01mbelow the sector's middle half▼ 48.1%€0.2mabove the sector's middle half€0.1mabove the sector's middle half▼ 40.9%
Equity€0.03mbelow the sector's middle half-€0.02mbelow the sector's middle half▼ 31.9%€0.005mbelow the sector's middle half▼ 69.3%€0.2mwithin the sector's middle half▲ 3,125%€0.3mwithin the sector's middle half▲ 57.3%
Total assets€0.6mwithin the sector's middle half-€0.5mbelow the sector's middle half▼ 23.1%€1.0mwithin the sector's middle half▲ 112%€0.7mwithin the sector's middle half▼ 32.1%€0.5mbelow the sector's middle half▼ 29.0%
Debt€0.6m-€0.5m▼ 22.7%€1.0m▲ 119%€0.5m▼ 48.9%€0.2m▼ 58.1%
Working capital€0.3mwithin the sector's middle half-€0.3mwithin the sector's middle half▼ 4.8%€0.2mwithin the sector's middle half▼ 4.7%€0.2mwithin the sector's middle half▼ 29.5%€0.3mwithin the sector's middle half▲ 57.3%
Solvency4.1%below the sector's middle half-3.7%below the sector's middle half▼ 0.5pp0.5%below the sector's middle half▼ 3.1pp25.2%within the sector's middle half▲ 24.7pp55.9%within the sector's middle half▲ 30.7pp
Current ratio1.83within the sector's middle half-2.34within the sector's middle half▲ 0.511.33within the sector's middle half▼ 1.001.34within the sector's middle half=2.27within the sector's middle half▲ 0.93
Return on assets (ROA)3.2%within the sector's middle half--1.7%below the sector's middle half▼ 4.9pp-1.2%below the sector's middle half▲ 0.5pp24.4%above the sector's middle half▲ 25.6pp20.4%above the sector's middle half▼ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €493,966
Equity
€276,029 ▲ 57.3%
Debt
€217,936 ▼ 58.1%
Debt's share of the balance-sheet total falls from 74.8% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
Quick ratio
0.09▲
2023 · 0.05
Debt to equity
0.79▼
2023 · 2.96
ROE
36.4%▼
2023 · 96.9%
Debt ≤ 1 year
€217,936▼
2023 · €520,139
Income taxes
€46,911▼
2023 · €63,092
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €509 | €560 | €1,908 | €2,253 | ▲ 18.1% |
| Gross operating margin9900 | €36,624 | -€4,690 | -€4,818 | €258,410 | €163,085 | ▼ 36.9% |
| Operating profit (loss)9901 | €33,796 | -€5,198 | -€5,377 | €256,502 | €160,832 | ▼ 37.3% |
| Financial income75/76B | - | €234 | €2,980 | €722 | €20 | ▼ 97.2% |
| Recurring financial income75 | €431 | €234 | €2,980 | €722 | €20 | ▼ 97.2% |
| Financial charges65/66B | - | €3,333 | €9,890 | €24,067 | €13,418 | ▼ 44.2% |
| Recurring financial charges65 | €6,831 | €3,333 | €9,890 | €24,067 | €13,418 | ▼ 44.2% |
| Profit (loss) for the period before taxes9903 | €27,396 | -€8,297 | -€12,287 | €233,157 | €147,433 | ▼ 36.8% |
| Income taxes67/77 | €7,571 | - | - | €63,092 | €46,911 | ▼ 25.6% |
| Profit (loss) for the period9904 | €19,825 | -€8,297 | -€12,287 | €170,065 | €100,523 | ▼ 40.9% |
| Profit (loss) for the period to be appropriated9905 | €19,825 | -€8,297 | -€12,287 | €170,065 | €100,523 | ▼ 40.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.6m | €0.5m | €1.0m | €0.7m | €0.5m | ▼ 29.0% |
| Fixed assets21/28 | €0.02m | €0.03m | €0.03m | - | - | - |
| Financial fixed assets28 | €0.02m | €0.03m | €0.03m | - | - | - |
| Current assets29/58 | €0.6m | €0.5m | €1.0m | €0.7m | €0.5m | ▼ 29.0% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.9m | €0.7m | €0.5m | ▼ 29.3% |
| Stocks30/36 | - | €0.4m | €0.9m | €0.7m | €0.5m | ▼ 29.3% |
| Amounts receivable within one year40/41 | - | €0.004m | €0.05m | €0.01m | €0.01m | ▼ 6.2% |
| Trade receivables40 | - | - | €0.04m | €145 | - | - |
| Other amounts receivable41 | - | €0.004m | €0.01m | €0.01m | €0.01m | ▼ 5.2% |
| Cash at bank and in hand54/58 | €0.2m | €0.02m | €0.04m | €0.01m | €0.008m | ▼ 34.8% |
| Deferred charges and accrued income490/1 | - | - | - | €33 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.6m | €0.5m | €1.0m | €0.7m | €0.5m | ▼ 29.0% |
| Equity10/15 | €0.03m | €0.02m | €0.005m | €0.2m | €0.3m | ▲ 57.3% |
| Contributions10/11 | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.2m | €0.3m | ▲ 59.4% |
| Distributable reserves133 | - | €0.02m | €0.02m | €0.2m | €0.3m | ▲ 59.4% |
| Profit (loss) carried forward14 | - | -€0.008m | -€0.02m | - | - | - |
| Amounts payable17/49 | €0.6m | €0.5m | €1.0m | €0.5m | €0.2m | ▼ 58.1% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | - | - | - |
| Financial debts170/4 | - | €0.3m | €0.3m | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.7m | €0.5m | €0.2m | ▼ 58.1% |
| Financial debts43 | - | - | €0.2m | €0.3m | - | - |
| Credit institutions430/8 | - | - | €0.2m | €0.3m | - | - |
| Trade debts44 | €0.03m | €0.01m | €0.09m | €0.008m | €0.004m | ▼ 49.1% |
| Suppliers440/4 | - | €0.01m | €0.09m | €0.008m | €0.004m | ▼ 49.1% |
| Taxes, remuneration and social security45 | - | €0.008m | - | - | €0.007m | - |
| Taxes450/3 | - | €0.008m | - | - | €0.007m | - |
| Other amounts payable47/48 | - | €0.2m | €0.5m | €0.2m | €0.2m | ▼ 14.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,825 | -€8,297 | -€12,287 | €170,065 | €100,523 | ▼ 40.9% |
| Operating cash flow (approximation) | €19,825 | -€8,297 | -€12,287 | €170,065 | €100,523 | ▼ 40.9% |
| Investment in fixed assets (approximation) | - | -€4,824 | €0 | - | - | - |
| Change in cash | - | -€211,404 | €22,151 | -€27,146 | -€4,163 | ▲ 84.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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POUNK
BE 0737.465.066
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GBBX
BE 0553.487.443
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S-INVESTED
BE 0880.197.893
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Afrit 10
BE 0860.373.667
Boortmeerbeek · Eq €274,960
Of 7,326 companies in this sector we hold annual accounts for 5,393. 3,859 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
10 eventsLatest 22-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200,000Eq €276,029 ▲57.3%
2 profitable years in a row build equity to €276,029.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €170,065
Net result €170,065 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €175,507 ▲3,125%
Equity rises from €5,441 to €175,507.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€12,287
Net result drops to -€12,287, the lowest in the series; recovery starts the following year.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
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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Company details
Private limited company · founded 05-03-2019Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded05-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721890925
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 2019
Ground area
663 m²
Building footprint
197 m²
Volume, LiDAR
1,007 m³
Parcel 31524D1790/00N000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Lievens Project
since 2019unit no. 2.286.124.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31524D1790/00N000 | Flanders | 663 m² | 1 · 197 m² | 8.6 m · 2 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.
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