Lovic Projects
ActiveSummary
Lovic Projects has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360k and a net result of €18k. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.01 against 3.94 in 2024; short-term debt: 16.7% and cash: 9.4% of total assets), and 25% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
75%
Return on assets
3.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €360k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
25 d late
2021
30 d late
2020
30 d late
2019
28 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
€360k▲ 5.1%
2024 · €342k
2018: €325k
2019: €336k▲ +3.1% vs 2018
2020: €338k▲ +0.7% vs 2019
2021: €334k▼ -1.2% vs 2020
2022: €314k▼ -5.8% vs 2021lowest in 8 years
2023: €326k▲ +3.8% vs 2022
2024: €342k▲ +4.8% vs 2023
2025: €360k▲ +5.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€480k▲ 1.1%
2024 · €475k
2018: €680khighest in 8 years
2019: €661k▼ -2.8% vs 2018
2020: €670k▲ +1.3% vs 2019
2021: €499k▼ -25.4% vs 2020
2022: €474k▼ -5.2% vs 2021lowest in 8 years
2023: €489k▲ +3.2% vs 2022
2024: €475k▼ -2.9% vs 2023
2025: €480k▲ +1.1% vs 2024
2018 → 2025
Net result
€18k▲ 11.4%
2024 · €16k
2018: €47khighest in 8 years
2019: €10k▼ -78.6% vs 2018
2020: €2k▼ -77.4% vs 2019
2021: €-4k▼ -276% vs 2020lowest in 8 years
2022: €13k▲ +413% vs 2021
2023: €12k▼ -5.0% vs 2022
2024: €16k▲ +31.0% vs 2023
2025: €18k▲ +11.4% vs 2024
2018 → 2025
Working capital
€241k▲ 4.8%
2024 · €230k
2018: €209klowest in 8 years
2019: €227k▲ +8.3% vs 2018
2020: €235k▲ +3.7% vs 2019
2021: €240k▲ +1.8% vs 2020
2022: €214k▼ -10.6% vs 2021
2023: €221k▲ +3.1% vs 2022
2024: €230k▲ +4.2% vs 2023
2025: €241k▲ +4.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€334k-€314k▼ 5.8%€326k▲ 3.8%€342k▲ 4.8%€360k▲ 5.1%
2021: €334k
2022: €314k▼ -5.8% vs 2021lowest in 5 years
2023: €326k▲ +3.8% vs 2022
2024: €342k▲ +4.8% vs 2023
2025: €360k▲ +5.1% vs 2024highest in 5 years
Operating result€-2k-€14k€19k▲ 35.1%€25k▲ 27.9%€25k▲ 0.9%
2021: €-2klowest in 5 years
2022: €14k▲ +689% vs 2021
2023: €19k▲ +35.1% vs 2022
2024: €25k▲ +27.9% vs 2023
2025: €25k▲ +0.9% vs 2024highest in 5 years
Net result€-4k-€13k€12k▼ 5.0%€16k▲ 31.0%€18k▲ 11.4%
2021: €-4klowest in 5 years
2022: €13k▲ +413% vs 2021
2023: €12k▼ -5.0% vs 2022
2024: €16k▲ +31.0% vs 2023
2025: €18k▲ +11.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480k
Fixed assets
€159k ▼ 4.6%
Current assets
€321k ▲ 4.2%
Equity and liabilities €480k
Equity
€360k ▲ 5.1%
Debt
€120k ▼ 9.3%
Debt's share of the balance-sheet total falls from 27.9% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2024 · €32k
Cash flow
€25k▲
2024 · €23k
Current ratio
4.01▲
2024 · 3.94
Debt to equity
0.33▼
2024 · 0.39
ROE
4.9%▲
2024 · 4.6%
ROA
3.7%▲
2024 · 3.3%
Interest coverage
14.27▲
2024 · 8.40
Debt ≤ 1 year
€80k▲
2024 · €78k
Debt > 1 year
€40k▼
2024 · €54k
Income taxes
€5k=
2024 · €5k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€475k€480k▲
Fixed assets21/28€166k€159k▼
Tangible fixed assets22/27€166k€159k▼
Land and buildings22€161k€153k▼
Plant, machinery and equipment23€5k€5k=
Current assets29/58€308k€321k▲
Amounts receivable within one year40/41€276k€276k=
Other amounts receivable41€276k€276k=
Cash at bank and in hand54/58€32k€45k▲
Equity and liabilities
Total equity and liabilities10/49€475k€480k▲
Equity10/15€342k€360k▲
Contributions10/11€62k€62k=
Reserves13€279k€296k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€273k€290k▲
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€132k€120k▼
Amounts payable after more than one year17€54k€40k▼
Financial debts170/4€54k€40k▼
Amounts payable within one year42/48€78k€80k▲
Current portion of amounts payable after more than one year42€14k€14k=
Trade debts44€31k€31k=
Suppliers440/4€31k€31k=
Advances received on contracts in progress46€13k€13k=
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€11k€11k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€36k€37k▲
Operating profit (loss)9901€25k€25k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€21k€23k▲
Income taxes67/77€5k€5k=
Profit (loss) for the period9904€16k€18k▲
Profit (loss) for the period to be appropriated9905€16k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€19k▲
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer to equity691/2€16k€18k▲
To other reserves6921€16k€18k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €8k | €8k | €8k | €8k | = |
| Other operating charges640/8 | €348 | €7k | €4k | €4k | €4k | ▲ 25.2% |
| Non-recurring operating charges66A | €857 | - | - | - | - | - |
| Gross operating margin9900 | €19k | €29k | €31k | €36k | €37k | ▲ 3.2% |
| Operating profit (loss)9901 | €-2k | €14k | €19k | €25k | €25k | ▲ 0.9% |
| Financial income75/76B | - | €11 | - | - | - | - |
| Recurring financial income75 | - | €11 | - | - | - | - |
| Financial charges65/66B | €2k | €2k | €4k | €4k | €2k | ▼ 40.8% |
| Recurring financial charges65 | €2k | €2k | €4k | €4k | €2k | ▼ 40.8% |
| Profit (loss) for the period before taxes9903 | €-4k | €13k | €15k | €21k | €23k | ▲ 8.6% |
| Income taxes67/77 | - | - | €3k | €5k | €5k | = |
| Profit (loss) for the period9904 | €-4k | €13k | €12k | €16k | €18k | ▲ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €13k | €12k | €16k | €18k | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €499k | €474k | €489k | €475k | €480k | ▲ 1.1% |
| Fixed assets21/28 | €210k | €181k | €174k | €166k | €159k | ▼ 4.6% |
| Tangible fixed assets22/27 | €210k | €181k | €174k | €166k | €159k | ▼ 4.6% |
| Land and buildings22 | €204k | €176k | €169k | €161k | €153k | ▼ 4.7% |
| Plant, machinery and equipment23 | €6k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €289k | €292k | €315k | €308k | €321k | ▲ 4.2% |
| Amounts receivable within one year40/41 | €263k | €283k | €296k | €276k | €276k | = |
| Other amounts receivable41 | €263k | €283k | €296k | €276k | €276k | = |
| Cash at bank and in hand54/58 | €27k | €9k | €19k | €32k | €45k | ▲ 39.8% |
| Deferred charges and accrued income490/1 | - | €420 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €499k | €474k | €489k | €475k | €480k | ▲ 1.1% |
| Equity10/15 | €334k | €314k | €326k | €342k | €360k | ▲ 5.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €270k | €251k | €263k | €279k | €296k | ▲ 6.3% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €264k | €245k | €257k | €273k | €290k | ▲ 6.4% |
| Profit (loss) carried forward14 | €1k | €1k | €1k | €1k | €1k | = |
| Amounts payable17/49 | €166k | €159k | €162k | €132k | €120k | ▼ 9.3% |
| Amounts payable after more than one year17 | €95k | €81k | €68k | €54k | €40k | ▼ 26.1% |
| Financial debts170/4 | €95k | €81k | €68k | €54k | €40k | ▼ 26.1% |
| Amounts payable within one year42/48 | €50k | €78k | €94k | €78k | €80k | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €14k | €15k | €14k | €14k | €14k | = |
| Trade debts44 | €36k | €31k | €32k | €31k | €31k | = |
| Suppliers440/4 | €36k | €31k | €32k | €31k | €31k | = |
| Advances received on contracts in progress46 | - | - | €13k | €13k | €13k | = |
| Taxes, remuneration and social security45 | - | - | €3k | €8k | €10k | ▲ 22.8% |
| Taxes450/3 | - | - | €3k | €8k | €10k | ▲ 22.8% |
| Other amounts payable47/48 | - | €31k | €31k | €11k | €11k | = |
| Accrued charges and deferred income492/3 | €20k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €13k | €12k | €16k | €18k | ▲ 11.4% |
| + Depreciation and write-downs630 | €20k | €8k | €8k | €8k | €8k | = |
| Operating cash flow (approximation) | €16k | €21k | €20k | €23k | €25k | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | €20k | €0 | €0 | €0 | - |
| Change in cash | - | €-18k | €10k | €14k | €13k | ▼ 5.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Keerbergen · 1 establishment unit since 1993
Ground area
1,610 m²
Building footprint
247 m²
Volume, LiDAR
1,722 m³
Parcel 24472G0407/00K000, Flanders · tallest building 21.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
OUD EGYPTE BVBA
since 19932.060.253.076
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0407/00K000 | Flanders | 1,610 m² | 1 · 247 m² | 21.5 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
Founded05-06-1992
Fiscal year end31-12
Contact
E-mail
kievit@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.