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LP ENGINEERING

Active
Private limited company·Speur- en ontwikkelingswerk op biotechnologisch gebied· 5 yrs active
Rue du Parc 23 ·4020 Liège, Belgium
KBO/BCE: BE 0754.611.696
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Age5 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LP ENGINEERING is 1.0% (low). The 2024 annual accounts show equity of €91k and a net result of €41k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 174 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 31 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 23-06-2025 38 d early 2025-00163821
31-12-2023 31-07-2024 22-06-2024 39 d early 2024-00151086
31-12-2022 31-07-2023 10-08-2023 10 d late 2023-00322268
31-12-2021 31-07-2022 19-07-2022 12 d early 2022-20197933

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.0% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€41k+57.5%
Working capital€76k-17.5%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60kOperating result 2021: €42k€42kNet result 2021: €29k€29kOperating result 2022: €49k€49kNet result 2022: €34k€34kOperating result 2023: €38k€38kNet result 2023: €26k€26kOperating result 2024: €62k€62kNet result 2024: €41k€41k2021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~29.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€50k€100k€150k€200k2025: €128k (€116k - €141k)2026: €151k (€131k - €171k)2027: €174k (€147k - €202k)2021: €31k2022: €65k2023: €91k2024: €91k2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 72 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 60.2% 55.0%
better than 57% of 174 sector peers
Net result €41k €16k
better than 65% of 174 sector peers
Equity €91k €70k
better than 56% of 174 sector peers
Gross operating margin €63k €41k
better than 59% of 175 sector peers
Total assets €151k €145k
better than 51% of 175 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P57
2021: P33 · n=662022: P44 · n=1072023: P65 · n=1552024: P57 · n=1742021 2024
Improving position over 2021-2024 · n=66-174
Net result P65
2021: P64 · n=662022: P61 · n=1072023: P53 · n=1552024: P65 · n=1742021 2024
Stable position over 2021-2024 · n=66-174
Equity P56
2021: P36 · n=662022: P50 · n=1072023: P60 · n=1562024: P56 · n=1742021 2024
Improving position over 2021-2024 · n=66-174
Gross operating margin P59
2021: P55 · n=662022: P52 · n=1082023: P50 · n=1562024: P59 · n=1752021 2024
Stable position over 2021-2024 · n=66-175
Describes the position versus peers, not a forecast.
EBITDA
€62k
+61.3% 21-24
Net profit
€41k
+57.5% 21-24
Cash flow
€41k
+56.0% 21-24
Total assets
€151k
+19.1% 21-24
Equity
€91k
0.0% 21-24
Working capital
€76k
-17.5% 21-24
Income taxes
€13k
+18.7% 21-24
Dividends
€41k
- 21-24
Show 9 other metrics
Debt
€60k
+67.6% 21-24
Debt ≤ 1y
€58k
+70.6% 21-24
Current ratio
2.30
-37.6% 21-24
Quick ratio
2.30
-37.6% 21-24
Solvency
60.2%
-16.1% 21-24
Debt / equity
0.66
+67.6% 21-24
ROE
45.2%
+57.5% 21-24
ROA
27.2%
+32.2% 21-24
Interest coverage
8.36
-83.7% 21-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€62k
Net profit€41k
Cash flow€41k
Staff costs-
Income taxes€13k
Dividends€41k
Total assets€151k
Equity€91k
Debt€60k
of which ≤ 1y€58k
of which > 1y-
Working capital€76k
Employees (FTE)-
Ratios (computed)
2024
Current ratio2.30
Quick ratio2.30
Working capital ratio50.5%
Solvency60.2%
Debt / equity0.66
Long-term debt ratio-
Interest coverage8.36
Gross margin-
Net margin-
ROA27.2%
ROE45.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€151k
Fixed assets 21/28€16k
Tangible fixed assets 22/27€16k
Current assets 29/58€135k
Amounts receivable within one year 40/41€39k
Investments 50/53€58k
Cash & bank 54/58€37k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€151k
Equity 10/15€91k
Contributions / capital 10/11€2k
Reserves 13€89k
Accumulated profits (losses) 14€0
Amounts payable 17/49€60k
Amounts payable within one year 42/48€58k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€63k
Operating result 9901€62k
Financial charges 65€7k
Result before taxes 9903€54k
Income taxes 67/77€13k
Net result for the period 9904€41k
Result to be appropriated 9905€41k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
98 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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 du Parc 234020 Liège

Establishment units

1 location
LP ENGINEERING
Rue du Parc 23, 4020 LiègeHandel in eigen onroerend goed
since 20202.309.200.905
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,095 m²
Buildings1
Building footprint324 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62817C0175/00L000 Wallonia 1,095 m² 1 · 324 m² -
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 1 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured
Health98Profitability100Solvency98Growth78Stability94
94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 98
Profitability 100
Solvency 98
Growth 78
Stability 94

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Speur- en ontwikkelingswerk op biotechnologisch gebied72101Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999
Primary activity highlighted.
Names & trade names
Legal nameFR LP ENGINEERING
Registered office
Rue du Parc 23 bus 61
4020 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.