LJW
ActiveSummary
LJW has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €21k. Equity is shrinking by ~42.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+16
Solvency31▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.72 against 0.97 in 2024; short-term debt: 36.8% and cash: 2% of total assets), but 94.4% 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○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.6%
Return on assets
8.4%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
30 d early
2023
28 d early
2022
23 d late
2021
31 d late
2020
44 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k
2024 · €-7k
Total assets
€250k▲ 1.0%
2024 · €248k
Net result
€21k▲ 257%
2024 · €6k
Working capital
€158k
2024 · €-7k
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
Line20212022202320242025
Operating result€-2k▲ 20.6%€-1k▲ 32.1%€-2k▼ 25.4%€18k€29k▲ 61.4%
Net result€-5k▲ 21.1%€-6k▼ 9.8%€-10k▼ 62.0%€6k€21k▲ 257%
Equity€3k▼ 67.5%€-3k€-13k▼ 288%€-7k▲ 45.2%€14k
Total assets€243k▼ 0.3%€244k▲ 0.4%€245k▲ 0.5%€248k▲ 1.1%€250k▲ 1.0%
Debt€240k▲ 2.0%€247k▲ 2.9%€258k▲ 4.4%€255k▼ 1.2%€237k▼ 7.2%
Working capital€3k▼ 67.5%€-3k€-13k▼ 288%€-7k▲ 45.2%€158k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €250k
Equity
€14k
Debt
€237k
Debt finances 94.4% of the balance-sheet total.
Key figures and ratios
Current ratio
2.72▲
2024 · 0.97
Quick ratio
0.06▲
2024 · 0.02
Debt to equity
16.99▲
2024 · -35.62
ROE
151.4%
ROA
8.4%▲
2024 · 2.4%
Debt ≤ 1 year
€92k▼
2024 · €255k
Debt > 1 year
€144k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €818 | - | €918 | - | - | - |
| Gross operating margin9900 | €-1k | €-1k | €-940 | €18k | €29k | ▲ 61.4% |
| Operating profit (loss)9901 | €-2k | €-1k | €-2k | €18k | €29k | ▲ 61.4% |
| Financial charges65/66B | €3k | €5k | €8k | €12k | €8k | ▼ 33.6% |
| Recurring financial charges65 | €3k | €5k | €8k | €12k | €8k | ▼ 33.6% |
| Profit (loss) for the period before taxes9903 | €-5k | €-6k | €-10k | €6k | €21k | ▲ 257% |
| Profit (loss) for the period9904 | €-5k | €-6k | €-10k | €6k | €21k | ▲ 257% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-6k | €-10k | €6k | €21k | ▲ 257% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €243k | €244k | €245k | €248k | €250k | ▲ 1.0% |
| Current assets29/58 | €243k | €244k | €245k | €248k | €250k | ▲ 1.0% |
| Stocks and contracts in progress3 | €242k | €243k | €243k | €244k | €245k | ▲ 0.6% |
| Stocks30/36 | €242k | €243k | €243k | €244k | €245k | ▲ 0.6% |
| Amounts receivable within one year40/41 | €471 | - | €156 | €3k | - | - |
| Trade receivables40 | - | - | - | €3k | - | - |
| Other amounts receivable41 | €471 | - | €156 | - | - | - |
| Cash at bank and in hand54/58 | €195 | €974 | €2k | €869 | €5k | ▲ 489% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €243k | €244k | €245k | €248k | €250k | ▲ 1.0% |
| Equity10/15 | €3k | €-3k | €-13k | €-7k | €14k | ▲ 294% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-12k | €-18k | €-28k | €-22k | €-1k | ▲ 95.1% |
| Amounts payable17/49 | €240k | €247k | €258k | €255k | €237k | ▼ 7.2% |
| Amounts payable after more than one year17 | - | - | - | - | €144k | - |
| Financial debts170/4 | - | - | - | - | €144k | - |
| Amounts payable within one year42/48 | €240k | €247k | €258k | €255k | €92k | ▼ 63.9% |
| Current portion of amounts payable after more than one year42 | €185k | €185k | €185k | €176k | €16k | ▼ 90.8% |
| Trade debts44 | €994 | €627 | - | - | - | - |
| Suppliers440/4 | €994 | €627 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2k | €1k | ▼ 33.3% |
| Taxes450/3 | - | - | - | €2k | €1k | ▼ 33.3% |
| Other amounts payable47/48 | €54k | €62k | €73k | €77k | €75k | ▼ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-6k | €-10k | €6k | €21k | ▲ 257% |
| Operating cash flow (approximation) | €-5k | €-6k | €-10k | €6k | €21k | ▲ 257% |
| Change in cash | - | €778 | €1k | €-1k | €4k | ▲ 480% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €21k ▲257%
Operating result €29k, net result €21k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 0.97 to 2.72; short-term debt falls from €255k to €92k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortenaken · 1 establishment unit since 2019
Ground area
1,198 m²
Building footprint
206 m²
Volume, LiDAR
793 m³
Parcel 24054C0472/00W000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LJW
since 20192.289.575.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24054C0472/00W000 | Flanders | 1,198 m² | 1 · 206 m² | 8.6 m · 1 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.
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 1,831 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
41001General construction of residential buildings
43990Other specialised construction activities
68121Development of residential building projects
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.