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LJB PROJECTS

Active
Private limited companyfounded 201312 yrs activeDonkelstraat 41, 3700 Tongeren-Borgloon, BelgiumKBO/BCE: BE 0542.834.269
Summary

The computed 12-month bankruptcy probability of LJB PROJECTS is 1.5% (moderate). The 2024 annual accounts show equity of €37,436 and a net result of -€2,084. Equity is growing by ~10% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability35▼-5
Solvency40▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 1.35 in 2023; short-term debt: 74.6% and cash: 32.2% of total assets), and 84.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
15.2%
Return on assets
-0.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
122 d late
2023
61 d late
2022
128 d late
2021
198 d late
2020
31 d late
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 94 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LJB PROJECTS was incorporated on 9 December 2013.1 Total assets fell from EUR 402,089 in 2018 to EUR 245,548 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€37,436▼ 5.3%
2023 · €39,521
Total assets
€245,548▼ 0.6%
2023 · €247,028
Net result
-€2,084
2023 · €2,002
Working capital
€62,436▼ 3.2%
2023 · €64,521
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€1,107▼ 86.6%€21,919▲ 1,880%-€885€2,433-€2,022
Net result€721▼ 89.3%€16,015▲ 2,120%-€1,021€2,002-€2,084
Equity€22,525▲ 3.3%€38,540▲ 71.1%€37,519▼ 2.7%€39,521▲ 5.3%€37,436▼ 5.3%
Total assets€332,505▲ 2.1%€286,095▼ 14.0%€280,959▼ 1.8%€247,028▼ 12.1%€245,548▼ 0.6%
Debt€309,979▲ 2.1%€247,555▼ 20.1%€243,440▼ 1.7%€207,508▼ 14.8%€208,112▲ 0.3%
Working capital€47,525▲ 1.5%€63,540▲ 33.7%€62,519▼ 1.6%€64,521▲ 3.2%€62,436▼ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2020: €1,107€1,107Net result 2020: €721€721Operating result 2021: €21,919€21,919Net result 2021: €16,015€16,015Operating result 2022: -€885-€885Net result 2022: -€1,021-€1,021Operating result 2023: €2,433€2,433Net result 2023: €2,002€2,002Operating result 2024: -€2,022-€2,022Net result 2024: -€2,084-€2,08420202021202220232024-€4,000-€2,000€0€2,000Operating result 2022: -€885-€885Net result 2022: -€1,021-€1,020Operating result 2023: €2,433€2,430Net result 2023: €2,002€2,000Operating result 2024: -€2,022-€2,020Net result 2024: -€2,084-€2,080202220232024
The operating result turns negative in 2024: a loss of €2,022 after €2,433 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €245,548
Equity €37,436 ▼ 5.3%
Debt €208,112 ▲ 0.3%
Debt's share of the balance-sheet total rises from 84.0% to 84.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.34▼
2023 · 1.35
Quick ratio
0.88▼
2023 · 0.89
Debt to equity
5.56▲
2023 · 5.25
ROE
-5.6%▼
2023 · 5.1%
ROA
-0.8%▼
2023 · 0.8%
Debt ≤ 1 year
€183,112▲
2023 · €182,508
Debt > 1 year
€25,000=
2023 · €25,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
2.2% went bankrupt
3.0% stopped otherwise
94% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,166 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€247,028€245,548▼
Current assets29/58€247,028€245,548▼
Stocks and contracts in progress3€84,982€84,982=
Stocks30/36€66,329€66,329=
Contracts in progress37€18,653€18,653=
Amounts receivable within one year40/41€81,452€81,452=
Trade receivables40€81,452€81,452=
Cash at bank and in hand54/58€80,594€79,114▼
Equity and liabilities
Total equity and liabilities10/49€247,028€245,548▼
Equity10/15€39,521€37,436▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€19,061€16,976▼
Amounts payable17/49€207,508€208,112▲
Amounts payable after more than one year17€25,000€25,000=
Financial debts170/4€25,000€25,000=
Amounts payable within one year42/48€182,508€183,112▲
Trade debts44€3,385€4,000▲
Suppliers440/4€3,385€4,000▲
Taxes, remuneration and social security45€357€357=
Taxes450/3€357€357=
Other amounts payable47/48€178,765€178,754=
Income statement Code20232024
Other operating charges640/8€114€255▲
Gross operating margin9900€2,547-€1,767▼
Operating profit (loss)9901€2,433-€2,022▼
Financial charges65/66B€74€63▼
Recurring financial charges65€74€63▼
Profit (loss) for the period before taxes9903€2,359-€2,084▼
Income taxes67/77€357-
Profit (loss) for the period9904€2,002-€2,084▼
Profit (loss) for the period to be appropriated9905€2,002-€2,084▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,061€16,976▼
Profit (loss) brought forward from the previous period14P€17,059€19,061▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€77€47€114€255▲ 124%
Gross operating margin9900€1,291€21,996-€838€2,547-€1,767▼ 169%
Operating profit (loss)9901€1,107€21,919-€885€2,433-€2,022▼ 183%
Financial charges65/66B-€74€136€74€63▼ 15.2%
Recurring financial charges65€123€74€136€74€63▼ 15.2%
Profit (loss) for the period before taxes9903€984€21,845-€1,021€2,359-€2,084▼ 188%
Income taxes67/77€263€5,830-€357--
Profit (loss) for the period9904€721€16,015-€1,021€2,002-€2,084▼ 204%
Profit (loss) for the period to be appropriated9905€721€16,015-€1,021€2,002-€2,084▼ 204%
Line20202021202220232024Change
Assets
Total assets20/58€332,505€286,095€280,959€247,028€245,548▼ 0.6%
Current assets29/58€332,505€286,095€280,959€247,028€245,548▼ 0.6%
Stocks and contracts in progress3€243,206€107,092€107,092€84,982€84,982=
Stocks30/36-€88,439€88,439€66,329€66,329=
Contracts in progress37-€18,653€18,653€18,653€18,653=
Amounts receivable within one year40/41€33,845€113,845€113,845€81,452€81,452=
Trade receivables40-€113,845€113,845€81,452€81,452=
Cash at bank and in hand54/58€4,157€65,158€60,022€80,594€79,114▼ 1.8%
Equity and liabilities
Total equity and liabilities10/49€332,505€286,095€280,959€247,028€245,548▼ 0.6%
Equity10/15€22,525€38,540€37,519€39,521€37,436▼ 5.3%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€2,065€18,080€17,059€19,061€16,976▼ 10.9%
Amounts payable17/49€309,979€247,555€243,440€207,508€208,112▲ 0.3%
Amounts payable after more than one year17€25,000€25,000€25,000€25,000€25,000=
Financial debts170/4-€25,000€25,000€25,000€25,000=
Amounts payable within one year42/48€284,979€222,555€218,440€182,508€183,112▲ 0.3%
Trade debts44€4,527€5,585-€3,385€4,000▲ 18.2%
Suppliers440/4-€5,585-€3,385€4,000▲ 18.2%
Taxes, remuneration and social security45-€7,283€7,283€357€357=
Taxes450/3-€7,283€7,283€357€357=
Other amounts payable47/48-€209,687€211,157€178,765€178,754=
Line20202021202220232024Change
Profit (loss) for the period9904€721€16,015-€1,021€2,002-€2,084▼ 204%
Operating cash flow (approximation)€721€16,015-€1,021€2,002-€2,084▼ 204%
Change in cash-€61,001-€5,136€20,572-€1,481▼ 107%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
31-12
Financial Weakest financial yearnet -€2,084
Net result drops to -€2,084, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Back to profitnet €2,002
Net result €2,002 after one loss-making year.
06-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
14-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 198 days late
2021
31-12
Financial Highest result since 2018net €16,015 ▲2,120%
Operating result €21,919, net result €16,015, both a record.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
23-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
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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Directors · office · real estate

Directors
2 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, Tongeren-Borgloon
exact location from the address register On OpenStreetMap
Ground area
1,680 m²
Building footprint
82 m²
Volume, LiDAR
546 m³
Parcel 73044B0245/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73044B0245/00G000 Flanders 1,680 m² 1 · 82 m² 8.0 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded09-12-2013
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.