LJ PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of LJ PROJECTS is 3.4% (moderate). The 2025 annual accounts show negative equity (€-19k) and a net result of €-61k. Equity is shrinking by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 13305 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-84
Growth32=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 2.37 in 2024; short-term debt: 295.6% and cash: 35.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Sector 56
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
-196.5%
Return on assets
-622.1%
Age of the figures
9 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
17 d early
2023
43 d early
2022
323 d late
2021
194 d late
2019
115 d late
2017
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k
2024 · €42k
2022: €50k
2023: €55k
2024: €42k
2022 → 2025
Total assets
€10k▼ 86.0%
2024 · €71k
2022: €71k
2023: €95k
2024: €71k
2022 → 2025
Net result
€-61k▼ 386%
2024 · €-13k
2022: €6k
2023: €5k
2024: €-13k
2022 → 2025
Working capital
€-21k
2024 · €39k
2022: €47k
2023: €51k
2024: €39k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€50k-€55k▲ 9.9%€42k▼ 23.1%€-19k
Operating result€13k-€14k▲ 11.1%€-5k€-52k▼ 1,033%
Net result€6k-€5k▼ 16.4%€-13k€-61k▼ 386%
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 €52k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10k
Fixed assets
€2k ▼ 31.8%
Current assets
€8k ▼ 88.3%
Key figures and ratios
EBITDA
€-51k▼
2024 · €-4k
Cash flow
€-60k▼
2024 · €-12k
Solvency
-196.5%▼
2024 · 59.4%
Current ratio
0.27▼
2024 · 2.37
Quick ratio
0.20▼
2024 · 2.30
Debt to equity
-1.51▼
2024 · 0.68
ROA
-622.1%▼
2024 · -17.9%
Interest coverage
-54.61▼
2024 · -1.66
Debt
€29k▲
2024 · €29k
Debt ≤ 1 year
€29k▲
2024 · €29k
Income taxes
€9k▲
2024 · €6k
Staff costs
€82k▼
2024 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€10k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€90-
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€39€39=
Current assets29/58€68k€8k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€15k€2k▼
Trade receivables40€8k€2k▼
Other amounts receivable41€7k€173▼
Cash at bank and in hand54/58€49k€3k▼
Deferred charges and accrued income490/1€2k€284▼
Equity and liabilities
Total equity and liabilities10/49€71k€10k▼
Equity10/15€42k€-19k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€22k€-40k▼
Amounts payable17/49€29k€29k▲
Amounts payable within one year42/48€29k€29k▲
Current portion of amounts payable after more than one year42€500-
Trade debts44€19k€7k▼
Suppliers440/4€19k€7k▼
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€2k€13k▲
Remuneration and social security454/9€7k€6k▼
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€87€88▲
Income statement
Code20242025
Remuneration, social security and pensions62€86k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€897€897=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Other operating charges640/8€10k€10k▼
Non-recurring operating charges66A-€90k
Gross operating margin9900€93k€136k▲
Operating profit (loss)9901€-5k€-52k▼
Financial income75/76B€137€94▼
Recurring financial income75€137€94▼
Financial charges65/66B€2k€932▼
Recurring financial charges65€2k€932▼
Profit (loss) for the period before taxes9903€-7k€-53k▼
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€-13k€-61k▼
Profit (loss) for the period to be appropriated9905€-13k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€-40k▼
Profit (loss) brought forward from the previous period14P€34k€22k▼
The notes to these accounts (7 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 323 days late
2023
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 194 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 115 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 49 days late
2015
12-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Frameries · 1 establishment unit since 2010
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.
Rue des Alliés 497080 FrameriesGround area
197 m²
Building footprint
103 m²
Parcel 53028C0951/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Alliés 49, 7080 Frameries
since 20102.186.389.304
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028C0951/00D002 | Wallonia | 197 m² | 1 · 103 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFrameries2.186.389.304
Similar companies · same sector, comparable size
ELMIR SERVICES
BE 0769.324.519
Mettet · Eq €42,009
ADM BAKKERIJ
BE 0827.406.040
Sint-Jans-Molenbeek · Eq €41,985
DEN HOEK AF
BE 0543.911.068
Gent · Eq €41,982
MOUNT EVEREST
BE 0833.255.536
Antwerpen · Eq €42,019
ZAN
BE 0542.606.914
Brussel · Eq €42,039
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,448 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.