Lippens Projects
ActiveLippens Projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383 and a net result of €-687. Equity is shrinking by ~41.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 11% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency15▼-85
Growth58=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04), and 96% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
4%
Return on assets
-7.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27358 sector peers (2025).
NBB · sector comparisonPosition among 27358 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
27 d late
2024
on the day
2023
85 d early
2022
5 d early
2021
13 d early
2020
29 d early
2019
7 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€383▼ 64.2%
2024 · €1k
2018: €7k
2019: €9k
2020: €6k
2021: €2k
2022: €2k
2023: €2k
2024: €1k
2018 → 2025
Total assets
€10k▲ 540%
2024 · €1k
2018: €19k
2019: €12k
2020: €10k
2021: €3k
2022: €3k
2023: €3k
2024: €1k
2018 → 2025
Net result
€-687▲ 33.0%
2024 · €-1k
2018: €-6k
2019: €2k
2020: €-3k
2021: €-4k
2022: €63
2023: €-368
2024: €-1k
2018 → 2025
Working capital
€383▼ 64.2%
2024 · €1k
2018: €-9k
2019: €-1k
2020: €848
2021: €2k
2022: €2k
2023: €2k
2024: €1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€2k▲ 2.6%€2k▼ 15.0%€1k▼ 48.9%€383▼ 64.2%
Operating result€-4k-€228€-313€-994▼ 218%€-600▲ 39.7%
Net result€-4k-€63€-368€-1k▼ 178%€-687▲ 33.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €600 in 2025 against €994 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10k
Equity
€383▼ 64.2%
Debt
€9k▲ 2,092%
The debt ratio rises from 28.0% to 96.0%: debt grows while equity shrinks.
Key figures and ratios
Solvency
4.0%
Current ratio
1.04
Quick ratio
1.04
ROA
-7.2%
Debt
€9k▲
2024 · €417
Debt ≤ 1 year
€9k▲
2024 · €417
Staff costs
€2k▲
2024 · €120
Equity ratios withheld: equity of €383 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1k€10k▲
Current assets29/58€1k€10k▲
Amounts receivable within one year40/41€369€2k▲
Trade receivables40€0€2k▲
Other amounts receivable41€369€183▼
Current investments50/53-€8k
Cash at bank and in hand54/58€734-
Deferred charges and accrued income490/1€384-
Equity and liabilities
Total equity and liabilities10/49€1k€10k▲
Equity10/15€1k€383▼
Contributions10/11€12k€12k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-11k€-12k▼
Amounts payable17/49€417€9k▲
Amounts payable within one year42/48€417€9k▲
Trade debts44€417€3k▲
Suppliers440/4€417€3k▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€120€2k▲
Other operating charges640/8€633€1k▲
Gross operating margin9900€-241€3k▲
Operating profit (loss)9901€-994€-600▲
Financial charges65/66B€30€87▲
Recurring financial charges65€30€87▲
Profit (loss) for the period before taxes9903€-1k€-687▲
Profit (loss) for the period9904€-1k€-687▲
Profit (loss) for the period to be appropriated9905€-1k€-687▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-12k▼
Profit (loss) brought forward from the previous period14P€-10k€-11k▼
Transfer from equity791/2€86-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €63
Net result €63 after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 5.93
Current ratio from 1.23 to 5.93; short-term debt falls from €4k to €487.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2024
Frederick Lippens
CurrentDirector · since 28-06-2024
28-06-2024
Frederick Lippens: Appointed as Director
28-06-2024
FiscoCount: Resigned as Director
28-06-2024
Fiscocount Sint-Niklaas – Accountancy & Tax: Resigned as Director
Location & real-estate footprint
Registered office, Assenede · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Trieststraat 389960 AssenedeGround area
9.2 ha
Building footprint
1.5 ha
Volume, LiDAR
79,929 m³
Parcel 43002E1160/00P000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lippens Projects BV
since 20162.254.758.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43002E1160/00P000 | Flanders | 9.2 ha | 1 · 1.5 ha | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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MAQUET CONSTRUCT
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ABCD CONCEPT
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Of 7,248 companies in sector 43350 we hold annual accounts for 2,334. 115 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2016
Fiscal year end31-12
Abbreviation NL
BDDC
Activities, NACEBEL
43350Other building finishing work
49410Freight transport by road
82110Office administrative, office support and other business support activities
43211General electrical installation work
43212Electrical installation work in industrial facilities
64200Holdings
64210Activities of holding companies
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.