LR&L
ActiveSummary
LR&L has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,462 and a net result of €9,927. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+4
Solvency52▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 3.48 in 2024; short-term debt: 11.2% of total assets), but 73.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
26.6%
Return on assets
2.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filingsDeviation from the deadline
2025
27 d late
2024
56 d late
2023
30 d late
2022
14 d early
2021
31 d late
2020
31 d late
2019
108 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€89,462▲ 12.5%
2024 · €79,536
Total assets
€336,935▲ 3.9%
2024 · €324,158
Net result
€9,927▲ 39.1%
2024 · €7,137
Working capital
€59,821▲ 18.9%
2024 · €50,326
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41,844▲ 24.7%€27,604▼ 34.0%€17,233▼ 37.6%€24,518▲ 42.3%€26,205▲ 6.9%
Net result€26,822within the sector's middle half▲ 64.6%€14,949within the sector's middle half▼ 44.3%€5,806within the sector's middle half▼ 61.2%€7,137within the sector's middle half▲ 22.9%€9,927within the sector's middle half▲ 39.1%
Equity€50,643within the sector's middle half▲ 113%€66,593within the sector's middle half▲ 31.5%€72,398within the sector's middle half▲ 8.7%€79,536within the sector's middle half▲ 9.9%€89,462within the sector's middle half▲ 12.5%
Total assets€366,173within the sector's middle half▼ 10.0%€342,438within the sector's middle half▼ 6.5%€336,950within the sector's middle half▼ 1.6%€324,158within the sector's middle half▼ 3.8%€336,935below the sector's middle half▲ 3.9%
Debt€315,530▼ 17.6%€275,845▼ 12.6%€264,552▼ 4.1%€244,623▼ 7.5%€247,472▲ 1.2%
Working capital€15,651within the sector's middle half▲ 1,672%€33,305within the sector's middle half▲ 113%€40,729within the sector's middle half▲ 22.3%€50,326within the sector's middle half▲ 23.6%€59,821within the sector's middle half▲ 18.9%
Solvency13.8%within the sector's middle half▲ 8.0pp19.4%within the sector's middle half▲ 5.6pp21.5%within the sector's middle half▲ 2.0pp24.5%within the sector's middle half▲ 3.0pp26.6%within the sector's middle half▲ 2.0pp
Current ratio1.32within the sector's middle half▲ 0.312.42within the sector's middle half▲ 1.102.56within the sector's middle half▲ 0.143.48above the sector's middle half▲ 0.912.58within the sector's middle half▼ 0.89
Return on assets (ROA)7.3%within the sector's middle half▲ 3.3pp4.4%within the sector's middle half▼ 3.0pp1.7%within the sector's middle half▼ 2.6pp2.2%within the sector's middle half▲ 0.5pp2.9%within the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336,935
Fixed assets
€239,333 ▼ 5.6%
Current assets
€97,602 ▲ 38.2%
Equity and liabilities €336,935
Equity
€89,462 ▲ 12.5%
Debt
€247,472 ▲ 1.2%
Debt's share of the balance-sheet total falls from 75.5% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,475▲
2024 · €41,180
Cash flow
€25,197▲
2024 · €23,799
Debt to equity
2.77▼
2024 · 3.08
ROE
11.1%▲
2024 · 9.0%
Interest coverage
3.41▲
2024 · 3.01
Debt ≤ 1 year
€37,780▲
2024 · €20,315
Debt > 1 year
€209,692▼
2024 · €224,308
Income taxes
€4,121▲
2024 · €3,715
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,275 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,572 | €16,296 | €16,593 | €16,662 | €15,270 | ▼ 8.4% |
| Other operating charges640/8 | €908 | €947 | €1,186 | €1,427 | €1,151 | ▼ 19.4% |
| Gross operating margin9900 | €58,324 | €44,847 | €35,012 | €42,607 | €42,626 | = |
| Operating profit (loss)9901 | €41,844 | €27,604 | €17,233 | €24,518 | €26,205 | ▲ 6.9% |
| Financial charges65/66B | €9,560 | €7,581 | €8,642 | €13,665 | €12,157 | ▼ 11.0% |
| Recurring financial charges65 | €9,560 | €7,581 | €8,642 | €13,665 | €12,157 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | €32,284 | €20,023 | €8,591 | €10,853 | €14,048 | ▲ 29.4% |
| Income taxes67/77 | €5,462 | €5,074 | €2,785 | €3,715 | €4,121 | ▲ 10.9% |
| Profit (loss) for the period9904 | €26,822 | €14,949 | €5,806 | €7,137 | €9,927 | ▲ 39.1% |
| Profit (loss) for the period to be appropriated9905 | €26,822 | €14,949 | €5,806 | €7,137 | €9,927 | ▲ 39.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €366,173 | €342,438 | €336,950 | €324,158 | €336,935 | ▲ 3.9% |
| Fixed assets21/28 | €300,895 | €285,677 | €270,180 | €253,518 | €239,333 | ▼ 5.6% |
| Tangible fixed assets22/27 | €300,895 | €285,677 | €270,180 | €253,518 | €239,333 | ▼ 5.6% |
| Land and buildings22 | €300,895 | €284,814 | €268,733 | €252,652 | €238,165 | ▼ 5.7% |
| Furniture and vehicles24 | - | €863 | €1,447 | €866 | €1,168 | ▲ 34.9% |
| Current assets29/58 | €65,278 | €56,761 | €66,770 | €70,640 | €97,602 | ▲ 38.2% |
| Amounts receivable within one year40/41 | €60,986 | €45,093 | €63,025 | €51,096 | €95,646 | ▲ 87.2% |
| Trade receivables40 | €41,794 | €42,333 | €31,955 | €16,683 | €17,342 | ▲ 4.0% |
| Other amounts receivable41 | €19,192 | €2,760 | €31,070 | €34,413 | €78,304 | ▲ 128% |
| Cash at bank and in hand54/58 | €4,292 | €11,668 | €3,745 | €16,231 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,314 | €1,956 | ▼ 41.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €366,173 | €342,438 | €336,950 | €324,158 | €336,935 | ▲ 3.9% |
| Equity10/15 | €50,643 | €66,593 | €72,398 | €79,536 | €89,462 | ▲ 12.5% |
| Contributions10/11 | €17,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €17,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €17,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €32,815 | €47,715 | €53,515 | €60,515 | €70,415 | ▲ 16.4% |
| Non-distributable reserves130/1 | €815 | €815 | €815 | €815 | €815 | = |
| Reserves not available under the articles1311 | €815 | €815 | €815 | €815 | €815 | = |
| Distributable reserves133 | €32,000 | €46,900 | €52,700 | €59,700 | €69,600 | ▲ 16.6% |
| Profit (loss) carried forward14 | €228 | €278 | €284 | €421 | €448 | ▲ 6.4% |
| Amounts payable17/49 | €315,530 | €275,845 | €264,552 | €244,623 | €247,472 | ▲ 1.2% |
| Amounts payable after more than one year17 | €265,903 | €252,389 | €238,511 | €224,308 | €209,692 | ▼ 6.5% |
| Financial debts170/4 | €265,903 | €252,389 | €238,511 | €224,308 | €209,692 | ▼ 6.5% |
| Amounts payable within one year42/48 | €49,627 | €23,456 | €26,041 | €20,315 | €37,780 | ▲ 86.0% |
| Current portion of amounts payable after more than one year42 | €19,130 | €19,487 | €16,366 | €14,256 | €14,644 | ▲ 2.7% |
| Financial debts43 | - | - | - | €3,000 | €20,322 | ▲ 577% |
| Credit institutions430/8 | - | - | - | €3,000 | €20,322 | ▲ 577% |
| Trade debts44 | €19,623 | €1,459 | €9,565 | €2,343 | €1,671 | ▼ 28.7% |
| Suppliers440/4 | €19,623 | €1,459 | €9,565 | €2,343 | €1,671 | ▼ 28.7% |
| Advances received on contracts in progress46 | €5,596 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €5,000 | €2,510 | €110 | €715 | €1,143 | ▲ 59.8% |
| Taxes450/3 | €5,000 | €2,510 | €110 | €715 | €1,143 | ▲ 59.8% |
| Other amounts payable47/48 | €278 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,822 | €14,949 | €5,806 | €7,137 | €9,927 | ▲ 39.1% |
| + Depreciation and write-downs630 | €15,572 | €16,296 | €16,593 | €16,662 | €15,270 | ▼ 8.4% |
| Operating cash flow (approximation) | €42,394 | €31,245 | €22,399 | €23,799 | €25,197 | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | -€1,078 | -€1,096 | €0 | -€1,086 | - |
| Change in cash | - | €7,376 | -€7,923 | €12,486 | - | - |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
31-12
Financial
Back to profitnet €29,886
Net result €29,886 after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Péruwelz · 1 establishment unit since 2018
Ground area
2,411 m²
Building footprint
427 m²
Parcel 57090A1470/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LR&L
since 20182.276.336.612
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57090A1470/00F000 | Wallonia | 2,411 m² | 1 · 427 m² | - |
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.
Similar companies · same sector, comparable size
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REALYA
BE 0839.997.531
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KANTIENBERG
BE 0819.640.397
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SARGON
BE 0440.261.026
Ottignies-Louvain-la-Neuve · Eq €89,216
Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 5,282 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 (pre-2019)
Founded17-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
49410Freight transport by road
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0688582115
Also
9925:BE0688582115
Registered
18-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.