LIMA PROJECTS
ActiveSummary
LIMA PROJECTS has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €257,620. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 63% of 543 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-10-1979 Normal situation
- Activity
- Rental and leasing activities NACE 77320and 3 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.017.491.617 7110 La Louvière, since 01-10-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Sophie MAINILManaging director
- William LIETARDaily manager
- WILMA INVESTDirector
Shareholders
- WILMA INVEST99.83%30-06-2025 annual accounts of WILMA INVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €873,682
- ▲ 4.1%
- Turnover
- ≈ €2.1m
- estimated
- Profit
- €257,620
- ▲ 19.1%
- Equity
- €1.4m
- ▲ 20.2%
- Total assets
- €2.3m
- ▼ 8.9%
- Employees on 31-12-2025
- 4
- ▲ 33.3%
Score breakdownlowers riskFounded in 1979Size: 2.8 FTE, total assets €2.3mLiquidity: current ratio 1.41, cash €435,286Equity €1.4m (58.3% of total assets)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 75% of micro companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Strong
Solvency
83+14
equity 58.3% of total assets
Liquidity
68+6
short-term debt 19.0% · cash 18.6%
Profitability
83+4
return on assets 11.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.41 (1.28 in 2024), below the usual 1.5. Short-term debt is 19% and cash 18.6% of total assets. 41.7% of the assets are financed with debt and provisions.
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 77, micro). It does better than 71% of them on solvency, 79% on liquidity, 77% on profitability and 73% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.4m
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
8 days early
2023
5 days early
2022
3 days early
2021
12 days early
2020
19 days early
2019
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% 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 23 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 46 filings
Turnover
€1.0m▼ 90.6%
2020 · €11.2m
EBIT margin
31.1%▲ 20.6pp
2020 · 10.5%
Net result
€257,620▲ 19.1%
2024 · €216,368
Working capital
€181,910▲ 44.5%
2024 · €125,856
In the rankings
#1 oldest company in La Louvière, Administrative and support services sector#6 company by equity in La Louvière, Administrative and support services sector#8 company by total assets in La Louvière, Administrative and support services sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€352,008
▲ 12.7%
2025
20182025
Net result
€257,620
▲ 19.1%
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€1.4m
▲ 20.2%
2025
middle half of the sector
20182025
Total assets
€2.3m
▼ 8.9%
2025
middle half of the sector
20182025
Debt
€975,808
▼ 31.9%
2025
20182025
Working capital
€181,910
▲ 44.5%
2025
middle half of the sector
20182025
Solvency
58.3%
▲ 14.1pp
2025
middle half of the sector
20182025
Current ratio
1.41
▲ 0.13
2025
middle half of the sector
20182025
Return on assets (ROA)
11.0%
▲ 2.6pp
2025
highest quarter of the sector
20182025
Staff (FTE)
2.8
▲ 7.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€11.0m€11.2m▲ 1.7%€1.0m▼ 90.6%
Operating result€1.1m-€0.8m▼ 29.0%€1.2m▲ 44.3%€0.3m▼ 72.2%€0.2m▼ 26.3%€0.3m▲ 38.5%€0.3m▼ 6.0%€0.4m▲ 12.7%
Net result€0.8m-€0.7m▼ 20.3%€0.9mabove the sector's middle half▲ 31.0%€0.2mwithin the sector's middle half▼ 74.8%€0.2mwithin the sector's middle half▼ 28.1%€0.2mwithin the sector's middle half▲ 48.1%€0.2mwithin the sector's middle half▼ 5.3%€0.3mwithin the sector's middle half▲ 19.1%
EBIT margin7.4%10.5%▲ 3.1pp31.1%▲ 20.6pp
Equity€3.0m-€3.0m▲ 0.9%€3.7mabove the sector's middle half▲ 24.4%€0.6mwithin the sector's middle half▼ 83.2%€0.7mwithin the sector's middle half▲ 20.0%€0.9mwithin the sector's middle half▲ 26.2%€1.1mwithin the sector's middle half▲ 19.9%€1.4mwithin the sector's middle half▲ 20.2%
Total assets€9.4m-€10.2m▲ 7.8%€10.4mabove the sector's middle half▲ 2.5%€4.0mwithin the sector's middle half▼ 62.0%€3.0mwithin the sector's middle half▼ 23.0%€2.8mwithin the sector's middle half▼ 8.2%€2.6mwithin the sector's middle half▼ 8.2%€2.3mwithin the sector's middle half▼ 8.9%
Debt€6.5m-€7.2m▲ 10.9%€6.7m▼ 6.6%€3.3m▼ 50.3%€2.3m▼ 31.0%€1.9m▼ 19.5%€1.4m▼ 22.6%€1.0m▼ 31.9%
Working capital€1.4m-€1.4m▼ 0.2%€2.5mabove the sector's middle half▲ 79.7%-€0.5mbelow the sector's middle half€0.06mwithin the sector's middle half€0.04mwithin the sector's middle half▼ 29.7%€0.1mwithin the sector's middle half▲ 196%€0.2mwithin the sector's middle half▲ 44.5%
Solvency31.4%-29.4%▼ 2.0pp35.6%within the sector's middle half▲ 6.3pp15.8%within the sector's middle half▼ 19.9pp24.5%within the sector's middle half▲ 8.8pp33.8%within the sector's middle half▲ 9.2pp44.1%within the sector's middle half▲ 10.4pp58.3%within the sector's middle half▲ 14.1pp
Current ratio1.47-1.43▼ 0.041.98within the sector's middle half▲ 0.560.70below the sector's middle half▼ 1.291.13within the sector's middle half▲ 0.431.09within the sector's middle half▼ 0.041.28within the sector's middle half▲ 0.181.41within the sector's middle half▲ 0.13
Return on assets (ROA)8.7%-6.4%▼ 2.3pp8.2%above the sector's middle half▲ 1.8pp5.4%within the sector's middle half▼ 2.8pp5.1%within the sector's middle half▼ 0.4pp8.2%within the sector's middle half▲ 3.1pp8.4%above the sector's middle half▲ 0.3pp11.0%above the sector's middle half▲ 2.6pp
Staff (FTE)34.1-38▲ 11.4%33.8above the sector's middle half▼ 11.1%21.4within the sector's middle half▼ 36.7%2.1below the sector's middle half▼ 90.2%2.7within the sector's middle half▲ 28.6%2.6below the sector's middle half▼ 3.7%2.8within the sector's middle half▲ 7.7%
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 13% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.7m ▼ 13.8%
Current assets
€625,258 ▲ 7.7%
Equity and liabilities €2.3m
Equity
€1.4m ▲ 20.2%
Debt
€975,808 ▼ 31.9%
Debt's share of the balance-sheet total falls from 55.9% to 41.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€636,083▲
2024 · €621,879
Cash flow
€541,695▲
2024 · €525,891
Debt to equity
0.72▼
2024 · 1.27
ROE
18.9%▼
2024 · 19.1%
Interest coverage
16.30▲
2024 · 11.30
Debt ≤ 1 year
€443,348▼
2024 · €454,764
Debt > 1 year
€531,765▼
2024 · €978,172
Income taxes
€80,320▲
2024 · €65,937
Staff costs
€184,013▲
2024 · €164,471
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 2 | 3 | 4 |
| full-time | 2 | 2 | 2 | 3 | 4 |
| part-time | 1 | 1 | 0 | 0 | 0 |
| in full-time equivalents | 2.5 | 2.5 | 2 | 3 | 4 |
| Average over the year, in full-time equivalents | 21.4 | 2.1 | 2.7 | 2.6 | 2.8 |
| On a permanent contract | 3 | 3 | 2 | 3 | 3 |
| Joined | 1 | 2 | 1 | 2 | 2 |
| Left | 39 | 2 | 2 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.9m | €1.6m | €1.2m | €939,893 | €644,342 |
| Mortgages, amount registered | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m |
| Carrying value of the mortgaged assets | €2.6m | €2.4m | €2.2m | €1.9m | €1.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €86,636 | €117,532 | €77,567 | - | €10,324 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €324,909 | €326,214 | €299,983 | €309,524 | €284,075 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.4m | - | - | - | - | - |
| Turnover70 | - | €11.0m | €11.2m | €1.0m | - | - | - | - | - |
| Other operating income74 | - | - | - | €0.2m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.1m | €0.01m | €0.02m | €116 | €0.002m | ▲ 13× |
| Operating charges60/66A | - | - | - | €1.1m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.1m | - | - | - | - | - |
| Purchases600/8 | - | - | - | €0.1m | - | - | - | - | - |
| Services and other goods61 | - | - | - | €0.4m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.7m | €1.6m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.005m | -€0.006m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 2.6% |
| Non-recurring operating charges66A | - | - | - | €0.008m | €0.009m | €0 | €0.001m | €0.001m | ▼ 65.4% |
| Gross operating margin9900 | €4.2m | - | - | - | €0.8m | €0.9m | €0.8m | €0.9m | ▲ 4.1% |
| Operating profit (loss)9901 | €1.1m | €0.8m | €1.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 12.7% |
| Financial income75/76B | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Recurring financial income75 | €0.09m | €0.1m | €0.1m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other financial income752/9 | - | - | - | €0.02m | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €357 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.07m | €0.06m | €0.06m | €0.06m | €0.04m | ▼ 29.1% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | €0.07m | €0.06m | €0.06m | €0.06m | €0.04m | ▼ 29.1% |
| Debt charges650 | - | €0.1m | €0.1m | €0.07m | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.002m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €0.8m | €1.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 19.7% |
| Income taxes67/77 | €0.3m | €0.2m | €0.3m | €0.07m | €0.05m | €0.07m | €0.07m | €0.08m | ▲ 21.8% |
| Taxes670/3 | - | - | - | €0.07m | - | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.003m | - | - | - | - | - |
| Profit (loss) for the period9904 | €0.8m | €0.7m | €0.9m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 19.1% |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.7m | €0.9m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 19.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.4m | €10.2m | €10.4m | €4.0m | €3.0m | €2.8m | €2.6m | €2.3m | ▼ 8.9% |
| Fixed assets21/28 | €5.0m | €5.5m | €5.3m | €2.7m | €2.5m | €2.3m | €2.0m | €1.7m | ▼ 13.8% |
| Intangible fixed assets21 | - | €0.06m | €0.05m | €0.03m | €0.01m | €0.005m | €452 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €5.0m | €5.4m | €5.3m | €2.7m | €2.5m | €2.3m | €2.0m | €1.7m | ▼ 13.8% |
| Land and buildings22 | - | - | - | €2.6m | €2.4m | €2.2m | €1.9m | €1.7m | ▼ 12.7% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €48 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.06m | €0.1m | €0.07m | €0.04m | ▼ 44.0% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.007m | €250 | €250 | €250 | €250 | €250 | = |
| Other financial fixed assets284/8 | - | - | - | €250 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €250 | - | - | - | - | - |
| Current assets29/58 | €4.4m | €4.7m | €5.1m | €1.2m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 7.7% |
| Stocks and contracts in progress3 | €2.3m | €2.3m | €2.1m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.0m | €1.4m | €0.8m | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | ▼ 14.1% |
| Trade receivables40 | - | - | - | €0.5m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 15.3% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.1m | €0.004m | €0.02m | €0.02m | ▼ 0.6% |
| Cash at bank and in hand54/58 | €1.1m | €1.0m | €2.1m | €0.7m | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.05m | €0.04m | €0.04m | €0.02m | ▼ 52.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.4m | €10.2m | €10.4m | €4.0m | €3.0m | €2.8m | €2.6m | €2.3m | ▼ 8.9% |
| Equity10/15 | €3.0m | €3.0m | €3.7m | €0.6m | €0.7m | €0.9m | €1.1m | €1.4m | ▲ 20.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.3m | €1.3m | €2.5m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €1.2m | €1.3m | €0.8m | €0.2m | €0.4m | €0.6m | €0.8m | €1.1m | ▲ 31.4% |
| Investment grants15 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 13.7% |
| Amounts payable17/49 | €6.5m | €7.2m | €6.7m | €3.3m | €2.3m | €1.9m | €1.4m | €1.0m | ▼ 31.9% |
| Amounts payable after more than one year17 | €3.4m | €3.9m | €4.1m | €1.6m | €1.8m | €1.4m | €1.0m | €0.5m | ▼ 45.6% |
| Financial debts170/4 | - | - | - | €1.6m | €1.2m | €0.9m | €0.6m | €0.3m | ▼ 46.4% |
| Subordinated loans170 | - | - | - | €0.03m | - | - | - | - | - |
| Credit institutions173 | - | - | - | €1.5m | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €0.6m | €0.5m | €0.3m | €0.2m | ▼ 44.1% |
| Amounts payable within one year42/48 | €3.0m | €3.3m | €2.6m | €1.8m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Financial debts43 | - | - | - | - | €0.02m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €0.02m | €0 | - | - | - |
| Trade debts44 | €0.8m | €1.0m | €0.4m | €0.2m | €0.06m | €0.08m | €0.08m | €0.04m | ▼ 55.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.06m | €0.08m | €0.08m | €0.04m | ▼ 55.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.05m | €0.05m | €0.03m | €0.04m | ▲ 39.7% |
| Taxes450/3 | - | - | - | €0.08m | €0.04m | €0.02m | €0.009m | €0.01m | ▲ 27.5% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.03m | €0.02m | €0.03m | ▲ 45.2% |
| Other amounts payable47/48 | - | - | - | €1.1m | €0.02m | €0.03m | €0.04m | €0.06m | ▲ 43.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.001m | €0 | €0.001m | €0.001m | ▼ 25.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | €0.7m | €0.9m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 19.1% |
| + Depreciation and write-downs630 | €1.3m | €1.7m | €1.6m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 8.2% |
| Operating cash flow (approximation) | €2.1m | €2.3m | €2.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | -€2.2m | -€1.4m | €2.3m | -€0.1m | -€0.08m | €0 | -€0.01m | - |
| Change in cash | - | -€0.04m | €1.1m | -€1.4m | -€0.6m | €0.2m | €0.05m | €0.1m | ▲ 95.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as LIMA PROJECTS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIMA PROJECTS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 31,368 companies, not a prediction for LIMA 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.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-07-2026 | 2026-00334001 | |
| 31-12-2024 | full format | 23-07-2025 | 2025-00311815 | |
| 31-12-2023 | full format | 26-07-2024 | 2024-00305027 | |
| 31-12-2022 | full format | 28-07-2023 | 2023-00298617 | |
| 31-12-2021 | full format | 19-07-2022 | 2022-20200214 | |
| 31-12-2020 | full format | 12-07-2021 | 2021-34100531 | |
| 31-12-2019 | full format | 03-08-2020 | 2020-38300238 | |
| 31-12-2018 | full format | 09-07-2019 | 2019-30400517 | |
| 31-12-2017 | full format | 05-06-2018 | 2018-15800406 | |
| 31-12-2016 | full format | 29-06-2017 | 2017-24200001 |
Board & ownership
Directors
Directors
1 director, 2 in day-to-day management, last change in 2024
Board 1
WILMA INVEST
Current
Director · listed in the 2025 annual accounts, filed on 23-07-2026
Day-to-day management 2
Sophie MAINIL
Current
Administratrice déléguée · appointed in the act of 27-09-2024 · term without a fixed end
William LIETAR
Current
Daily management delegate · appointed in the act of 27-09-2024 · term without a fixed end · also on the board of 1 other company
Owners and capital
Shareholders
1 ownerChain of control
- WILMA INVEST
- LIMA PROJECTS
Owners 1
- WILMA INVESTparentEquity €5.4m Profit of €1.2m in 2025 (profit of €1.1m in 2024)99.83%
Mandate history
3 people, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| WILMA INVEST |
|
| Sophie MAINIL |
|
| William LIETAR |
|
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
LIETAR LOCATION
via William LIETAR · Daily management delegate
former→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
23-07
full format · 8 days before the deadline
2025
23-07
full format · 8 days before the deadline
2024
31-12
Financial
Equity above €1mequity €1.1m ▲19.9%
With a profit in every financial year since 2018, equity grows to €1.1m.
27-09
Gazette deed
Appointments: Sophie MAINIL (administratrice déléguée) and William LIETAR (daily management delegate)Power of attorney7 points ▸
Gazette deed
Appointments: Sophie MAINIL (administratrice déléguée) and William LIETAR (daily management delegate)
Power of attorney7 points ▸
- Board meeting, 11-09-2024
- Director appointment, Sophie MAINIL (administratrice déléguée)
- Director appointment, William LIETAR (daily management delegate)
- Other provision, “acceptation des mandats, les intéressés” (deed in French)
- Other provision, “rémunération des mandats, unanime des administrateurs” (deed in French)
- Other provision, “délégation de gestion journalière existante, non modifiée et reste valable” (deed in French)
- Power of attorney, Simon DEFOSSÉ
26-07
full format · 5 days before the deadline
2023
28-07
full format · 3 days before the deadline
2022
31-12
Financial
Weakest financial yearnet €154,221 ▼28.1%
The net result drops to €154,221, the lowest from 2018 to 2025. It recovers the following year.
19-07
full format · 12 days before the deadline
2021
12-07
full format · 19 days before the deadline
2020
31-12
Financial
Highest result from 2018 to 2025net €852,976 ▲31%
The operating result of €1.2m and the net result of €852,976 are both a record.
03-08
full format · 3 days late
2019
09-07
full format · 22 days before the deadline
2018
05-06
full format · 56 days before the deadline
2017
29-06
full format · 32 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
LIMA PROJECTS in French
Enterprise number
0419.823.918
Legal form
Public limited company
Status
Active, normale toestand
Founded
15-10-1979
Entity type
Legal entity
Registered office and establishments
Registered office
Rue Grand Peuplier(H-A) 24, 7110 La Louvière, Belgium
Establishment unit
LIMA PROJECTS, Route du Grand Peuplier(S-B) 24, 7110 La Louvière since 01-10-1979 · unit number 2.017.491.61746630 Wholesale trade
Activities
NACEBEL 2025VAT activities
77320
Rental and leasing activities main activity
46841
Wholesale trade
47521
Retail sale of hardware, building materials, paint and glass (general range)
Social security (RSZ) activities
46630
Wholesale trade main activity
Codes under NACEBEL 2008
VAT activities
77320
Rental and leasing activities main activity
46741
Wholesale trade
47521
Retail trade
Social security (RSZ) activities
46630
Wholesale trade main activity
Codes under NACEBEL 2003
VAT activities
52461
main activity
51541
Social security (RSZ) activities
51820
main activity
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
Invoicing and payment
VAT number
BE 0419.823.918
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Cannot be placed on the map
This address was not found in the Belgian address register (BOSA BEST).
Rue Grand Peuplier(H-A) 247110 La Louvière