Equity
-€398,238
Debts exceed assets in financial year 2025.
LIP-D
Lifetime
6 annual accounts with figures on one time axispeak €461,189 (2024)
-€32,348▼ €493,537
lowest -€719,030 (2023)
-€25,074▼ €428,798
peak -€749 (2020)
-€398,238▼ €25,074
€398,912▲ 1.1%
Board4 names since 2019
1 directorTUAKA (voorheen LIMBOMA PROJECTONTWIKKELING)
Owners
100%TUAKA
Documentsfilings and deeds
10-07-202621 days before the deadline
2025abbreviated format
Gross margin from €461,189 to -€32,348Loss of €25,074Permanent representatives: TOM HEEREN and Stijn HEEREN 22-01Cash from €22,666 to €3,817
Key points
from the 2025 annual accountsResult
-€25,074 -€25,074
From profit to loss in 2025, after a profit of €403,724 in 2024.
Debts
€398,912 5,977% of the balance sheet
After one year 4%Within one year 96%
Of this, €381,883 falls due within a year.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 1 to 27 days before the end of the period.
At the same address
18 companies
Position in the sector
-5967.0%
Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,299 companies.
Turnover not published (abbreviated format)
Checked score
54
Fair
Financially stronger than 22% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.4%▼ -0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025highest value
08-2025: 0.4%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€398,238
lowers risk
Size: total assets €6,674
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 0.02, cash €3,817, halved
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 68, micro). It does better than 5% of them on solvency, 49% on liquidity, 4% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as LIP-D has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LIP-D itself is lower: 0.5% within 12 months. It rests on far more data about LIP-D than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,008 companies, not a prediction for LIP-D. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.15 in 2024), below 1. Cash is 57.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€398,238
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 days early
2024
23 days early
2023
27 days early
2022
19 days early
2021
1 day early
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 15 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 10 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Permanent representatives: TOM HEEREN and Stijn HEEREN
Board meeting of 19-12-2024 · Gazette deed
1 statutory auditor reappointed
VGD Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Maarten Lindemans and Heeren Tom · General meeting of 29-06-2023 · Gazette deed
1 director appointed, 1 resignation
Resignation: Heeren Forum · Appointment: Limboma Projectontwikkeling · Permanent representative: Heeren Tom · General meeting of 13-11-2019 · Gazette deed
Incorporation
Founder: LIMBOMA · Founding capital of €3,000, 60 shares · Appointments: LIMBOMA (director) and VGD Bedrijfsrevisoren (statutory auditor) · published on 21-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LIP-D Hasselt | €6,674 | -€32,348 | -5967.0% | - |
| Bolli Ixelles | €7,817 | €299 | -135.0% | - |
| VIZZION MANAGEMENT Waterloo | €6,450 | -€1,095 | -4232.1% | - |
| BRIXEN Tervuren | €8,865 | -€31,643 | 97.7% | - |
| HUIZE BREELS Herk-de-Stad | €4,696 | -€53,122 | -2223.6% | - |
| TELBOUW Maaseik | €6,962 | -€2,639 | -356.5% | - |
| Vega Projects Houthalen-Helchteren | €8,713 | -€13,236 | -51.4% | - |
These companies have the same main activity as LIP-D: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €4,700 and €8,860, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 19-06-2019Normal situation
- Registered office
- 19 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.290.233.6433500 Hasselt, since 19-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €6,674▼ 88.0%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Companies linked to LIP-D
Parent and group
Insights on LIP-D
LIP-D files the abbreviated format. That format states no turnover. The gross margin fell from -€4,973 in 2020 to -€32,348 in 2025.
TUAKA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LIP-D
- What is the company number of LIP-D?
- The company number of LIP-D is 0728.655.189. The VAT number is the same number with BE in front: BE 0728.655.189.
- Where is LIP-D based?
- The registered office is at Genkersteenweg 195, 3500 Hasselt.Company details
- What does LIP-D do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of LIP-D?
- LIP-D is a private limited company (BV).
- When was LIP-D founded?
- LIP-D was founded on 19-06-2019.
- Is LIP-D still active?
- Yes, LIP-D is an active enterprise in the KBO register.
- What is the turnover of LIP-D?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is LIP-D profitable?
- In financial year 2025, LIP-D made a loss of €25,074.
- Where can I find the annual accounts of LIP-D?
- LIP-D filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LIP-D due?
- LIP-D must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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