LOFRA PROJECTS
Open bankruptcyA bankruptcy procedure is open for LOFRA PROJECTS according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-253k) and a net result of €-475k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€253k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
on the day
2023
30 d late
2022
2 d early
2021
1 d early
2020
2 d early
2019
30 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-253k
2024 · €222k
2018: €137k
2019: €151k
2020: €197k
2021: €153k
2022: €124k
2023: €185k
2024: €222k
2018 → 2025
Total assets
€742k▼ 37.5%
2024 · €1.19M
2018: €342k
2019: €487k
2020: €722k
2021: €583k
2022: €679k
2023: €1.01M
2024: €1.19M
2018 → 2025
Net result
€-475k
2024 · €38k
2018: €10k
2019: €14k
2020: €47k
2021: €-44k
2022: €-30k
2023: €61k
2024: €38k
2018 → 2025
Working capital
€-231k
2024 · €253k
2018: €137k
2019: €144k
2020: €187k
2021: €140k
2022: €116k
2023: €222k
2024: €253k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€124k▼ 19.3%€185k▲ 49.2%€222k▲ 20.4%€-253k
Operating result€-31k-€-12k▲ 62.2%€145k€85k▼ 41.2%€-435k
Net result€-44k-€-30k▲ 32.7%€61k€38k▼ 38.2%€-475k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €435k after €85k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742k
Fixed assets
€31k▲ 110%
Current assets
€711k▼ 39.4%
Key figures and ratios
EBITDA
€-426k▼
2024 · €92k
Cash flow
€-466k▼
2024 · €44k
Solvency
-34.1%▼
2024 · 18.7%
Current ratio
0.75▼
2024 · 1.28
Quick ratio
0.55▼
2024 · 0.86
Debt / equity
-3.93▼
2024 · 4.34
ROE
187.8%▲
2024 · 16.9%
ROA
-64.1%▼
2024 · 3.2%
Interest coverage
-10.43▼
2024 · 1.93
Debt
€995k▲
2024 · €965k
Debt ≤ 1 year
€942k▲
2024 · €919k
Debt > 1 year
€47k▲
2024 · €46k
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€1.19M€742k▼
Fixed assets21/28€15k€31k▲
Intangible fixed assets21€14k€7k▼
Tangible fixed assets22/27€703€23k▲
Furniture and vehicles24€703€137▼
Leasing and similar rights25-€23k
Financial fixed assets28-€1k
Current assets29/58€1.17M€711k▼
Stocks and contracts in progress3€382k€194k▼
Stocks30/36€276k€90k▼
Contracts in progress37€106k€104k▼
Amounts receivable within one year40/41€773k€451k▼
Trade receivables40€655k€327k▼
Other amounts receivable41€118k€124k▲
Cash at bank and in hand54/58€18k€65k▲
Deferred charges and accrued income490/1€79€79▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€742k▼
Equity10/15€222k€-253k▼
Contributions10/11€50k€50k=
Reserves13€103k€103k=
Distributable reserves133€103k€103k=
Profit (loss) carried forward14€69k€-407k▼
Amounts payable17/49€965k€995k▲
Amounts payable after more than one year17€46k€47k▲
Financial debts170/4€46k€47k▲
Amounts payable within one year42/48€919k€942k▲
Current portion of amounts payable after more than one year42€46k€60k▲
Financial debts43€234k€175k▼
Credit institutions430/8€234k€175k▼
Other loans439€0-
Trade debts44€448k€504k▲
Suppliers440/4€448k€504k▲
Taxes, remuneration and social security45€25€0▼
Taxes450/3€25€0▼
Other amounts payable47/48€190k€203k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€2k€151k▲
Gross operating margin9900€93k€-274k▼
Operating profit (loss)9901€85k€-435k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€48k€41k▼
Recurring financial charges65€48k€41k▼
Profit (loss) for the period before taxes9903€38k€-475k▼
Income taxes67/77€0-
Profit (loss) for the period9904€38k€-475k▼
Profit (loss) for the period to be appropriated9905€38k€-475k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€-407k▼
Profit (loss) brought forward from the previous period14P€69k€69k=
Transfer to equity691/2€38k€0▼
To other reserves6921€38k€0▼
The notes to these accounts (27 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
09-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · LOFRA PROJECTS BV VENDER- STRAAT (MOL) 5/B, 3640 KINROOI · event 03-09-2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-475k ▼1364%
Net result drops to €-475k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €222k ▲20.4%
2 profitable years in a row build equity to €222k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €61k
Net result €61k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €185k ▲49.2%
Equity rises from €124k to €185k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €150kEq €151k ▲9.9%
2 profitable years in a row build equity to €151k.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kinrooi · 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.
Venderstraat (Mol) 5/B3640 KinrooiGround area
306 m²
Building footprint
208 m²
Volume, LiDAR
780 m³
Parcel 72023D0394/00Y000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LOFRA Projects
since 20102.188.020.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72023D0394/00Y000 | Flanders | 306 m² | 1 · 208 m² | 6.5 m · 1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
03-09-2026 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
03-09-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 5,291 EUR awarded · 5,291 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,633 EUR | 2,633 EUR |
| 2023 | 1 | 1,008 EUR | 1,008 EUR |
| 2022 | 1 | 1,650 EUR | 1,650 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 739 companies in sector 43332 we hold annual accounts for 408. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2010
Fiscal year end31-12
Activities, NACEBEL
43332Laying of wooden floor and wall coverings
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.