LR PROJECTS
ActiveSummary
LR PROJECTS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €22k. Its solvency ranks better than 55% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency71▼-8
Growth78
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.63 in 2024; short-term debt: 43% and cash: 39.8% of total assets), but 54.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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
45.8%
Return on assets
45.2%
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 25-08-2026, 25 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 · 2 filingsDeviation from the deadline
2025
25 d late
2024
21 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
€22k▲ 30.9%
2024 · €17k
2024: €17k
2025: €22k▲ +30.9% vs 2024
2024 → 2025
Total assets
€48k▲ 54.1%
2024 · €31k
2024: €31k
2025: €48k▲ +54.1% vs 2024
2024 → 2025
Net result
€22k
2024 · €-8k
2024: €-8k
2025: €22k▲ +357% vs 2024
2024 → 2025
Working capital
€20k▲ 10.3%
2024 · €18k
2024: €18k
2025: €20k▲ +10.3% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€17k-€22k▲ 30.9%
2024: €17k
2025: €22k▲ +30.9% vs 2024
Operating result€-8k-€32k
2024: €-8k
2025: €32k▲ +517% vs 2024
Net result€-8k-€22k
2024: €-8k
2025: €22k▲ +357% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €32k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€8k ▲ 224%
Current assets
€40k ▲ 40.2%
Equity and liabilities €48k
Equity
€22k ▲ 30.9%
Debt
€26k ▲ 81.3%
Debt's share of the balance-sheet total rises from 46.1% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▲
2024 · €-6k
Cash flow
€23k▲
2024 · €-7k
Current ratio
1.95▼
2024 · 2.63
Quick ratio
1.85▼
2024 · 2.44
Debt to equity
1.19▲
2024 · 0.86
ROE
98.8%▲
2024 · -50.3%
ROA
45.2%▲
2024 · -27.1%
Interest coverage
115.96▲
2024 · -19.51
Debt ≤ 1 year
€20k▲
2024 · €11k
Debt > 1 year
€5k▲
2024 · €3k
Income taxes
€11k▲
2024 · €266
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31k€48k▲
Fixed assets21/28€2k€8k▲
Intangible fixed assets21€102-
Tangible fixed assets22/27€2k€8k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€80€6k▲
Current assets29/58€29k€40k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€15k€18k▲
Trade receivables40€9k€8k▼
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€10k€19k▲
Deferred charges and accrued income490/1€1k€498▼
Equity and liabilities
Total equity and liabilities10/49€31k€48k▲
Equity10/15€17k€22k▲
Contributions10/11€3k€3k=
Reserves13€22k€19k▼
Distributable reserves133€22k€19k▼
Profit (loss) carried forward14€-8k-
Amounts payable17/49€14k€26k▲
Amounts payable after more than one year17€3k€5k▲
Trade debts175€3k€5k▲
Amounts payable within one year42/48€11k€20k▲
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€7k€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€750
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-5k€36k▲
Operating profit (loss)9901€-8k€32k▲
Financial charges65/66B€318€292▼
Recurring financial charges65€318€292▼
Non-recurring financial charges66B€318€292▼
Profit (loss) for the period before taxes9903€-8k€32k▲
Income taxes67/77€266€11k▲
Profit (loss) for the period9904€-8k€22k▲
Profit (loss) for the period to be appropriated9905€-8k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€14k▲
Profit (loss) brought forward from the previous period14P-€-8k
Transfer from equity791/2€634€16k▲
Transfer to equity691/2-€14k
To other reserves6921-€14k
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | ▼ 12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €750 | - |
| Other operating charges640/8 | €1k | €1k | ▲ 7.9% |
| Gross operating margin9900 | €-5k | €36k | ▲ 827% |
| Operating profit (loss)9901 | €-8k | €32k | ▲ 517% |
| Financial charges65/66B | €318 | €292 | ▼ 8.2% |
| Recurring financial charges65 | €318 | €292 | ▼ 8.2% |
| Non-recurring financial charges66B | €318 | €292 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €-8k | €32k | ▲ 497% |
| Income taxes67/77 | €266 | €11k | ▲ 3,898% |
| Profit (loss) for the period9904 | €-8k | €22k | ▲ 357% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €22k | ▲ 357% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €31k | €48k | ▲ 54.1% |
| Fixed assets21/28 | €2k | €8k | ▲ 224% |
| Intangible fixed assets21 | €102 | - | - |
| Tangible fixed assets22/27 | €2k | €8k | ▲ 239% |
| Plant, machinery and equipment23 | €2k | €2k | ▼ 20.2% |
| Furniture and vehicles24 | €80 | €6k | ▲ 7,240% |
| Current assets29/58 | €29k | €40k | ▲ 40.2% |
| Stocks and contracts in progress3 | €2k | €2k | ▼ 2.2% |
| Stocks30/36 | €2k | €2k | ▼ 2.2% |
| Amounts receivable within one year40/41 | €15k | €18k | ▲ 20.2% |
| Trade receivables40 | €9k | €8k | ▼ 9.6% |
| Other amounts receivable41 | €7k | €11k | ▲ 57.6% |
| Cash at bank and in hand54/58 | €10k | €19k | ▲ 91.2% |
| Deferred charges and accrued income490/1 | €1k | €498 | ▼ 55.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €31k | €48k | ▲ 54.1% |
| Equity10/15 | €17k | €22k | ▲ 30.9% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €22k | €19k | ▼ 11.9% |
| Distributable reserves133 | €22k | €19k | ▼ 11.9% |
| Profit (loss) carried forward14 | €-8k | - | - |
| Amounts payable17/49 | €14k | €26k | ▲ 81.3% |
| Amounts payable after more than one year17 | €3k | €5k | ▲ 57.1% |
| Trade debts175 | €3k | €5k | ▲ 57.1% |
| Amounts payable within one year42/48 | €11k | €20k | ▲ 88.9% |
| Advances received on contracts in progress46 | €4k | - | - |
| Taxes, remuneration and social security45 | - | €1k | - |
| Taxes450/3 | - | €1k | - |
| Other amounts payable47/48 | €7k | €19k | ▲ 181% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €22k | ▲ 357% |
| + Depreciation and write-downs630 | €2k | €1k | ▼ 12.5% |
| Operating cash flow (approximation) | €-7k | €23k | ▲ 438% |
| Investment in fixed assets (approximation) | - | €-7k | - |
| Change in cash | - | €9k | - |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Heist-op-den-Berg · 1 establishment unit since 2018
Ground area
1,404 m²
Building footprint
186 m²
Parcel 12322G0240/00E002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LR Projects
since 20182.273.608.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322G0240/00E002 | Flanders | 1,404 m² | 1 · 186 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.
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Of 21,222 companies in sector 81300 we hold annual accounts for 4,363. 3,189 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
Founded19-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
42110Construction of roads and motorways
43341Painting of buildings
43990Other specialised construction activities
Contact
Website
www.lr-projects.be
Scores and ratios are computed by Checked and are not a credit decision.