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LRY

Active
Private limited companyfounded 2023active for 3 yearsAloïs Den Reepstraat 26, 7700 Mouscron, BelgiumKBO/BCE: BE 0803.833.654
Summary

LRY has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,744 and a net result of €2,371. Its solvency ranks better than 33% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 11-07-2023 Normal situation
Activity
Development of residential building projects NACE 68121
Establishment unit
2.347.803.044 7700 Mouscron, since 11-07-2023
Financial year end
31 December
Peppol
Reachable since 16-01-2026

Board and ownership

Board
Shareholders
  • LEROY Kloé Claireact of 13-07-2023

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€20,913
▼ 51.9%
Turnover
≈ €87,000
estimated
Profit
€2,371
▼ 45.8%
Equity
€12,744
▲ 22.9%
Total assets
€64,320
▼ 12.5%
  • 2025 accounts filed 7 days after the deadline
Score breakdownraises riskFounded in 2023lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.38, cash €12,902Figures for financial year 2025 (filed on 10-08-2026)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency 45+6
equity 19.8% of total assets
Liquidity 59-20
short-term debt 35.4% · cash 20.1%
Profitability 73+5
return on assets 3.7%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.9%▲ +0.1 percentage points vs 01-2025 03-2025: 1.0%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%▼ -0.1 percentage points vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%● unchanged vs 07-2025highest value 09-2025: 0.3%▼ -0.8 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%▼ -0.2 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.51 in 2024), below the usual 1.5. Short-term debt is 35.4% and cash 20.1% of total assets. 80.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 40% of them on solvency, 71% on liquidity, 66% on profitability and 77% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Liquidity: current ratio 1.38, cash €12,902
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 10-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
7 days late
2024
8 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 8 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Financials

Financials · financial year 2025, full format

2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389501.

Annual accounts 2025 filed on 07-08-2026 at the NBB all 2 filings

Turnover
≈ €87,000
Estimated: probably between €43,000 and €270,000
EBIT margin
Not included in this filing
Net result
€2,371▼ 45.8%
2024 · €4,373
Working capital
€8,642▼ 8.5%
2024 · €9,444
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€7,399
▼ 49.6% 2025
20242025
Net result
€2,371
▼ 45.8% 2025
middle half of the sector
20242025
Equity
€12,744
▲ 22.9% 2025
lowest quarter of the sector
20242025
Total assets
€64,320
▼ 12.5% 2025
lowest quarter of the sector
20242025
Debt
€51,577
▼ 18.3% 2025
20242025
Working capital
€8,642
▼ 8.5% 2025
middle half of the sector
20242025
Solvency
19.8%
▲ 5.7pp 2025
middle half of the sector
20242025
Current ratio
1.38
▼ 0.14 2025
middle half of the sector
20242025
Return on assets (ROA)
3.7%
▼ 2.3pp 2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€14,677-€7,399▼ 49.6%
Net result€4,373within the sector's middle half-€2,371within the sector's middle half▼ 45.8%
Equity€10,373below the sector's middle half-€12,744below the sector's middle half▲ 22.9%
Total assets€73,514below the sector's middle half-€64,320below the sector's middle half▼ 12.5%
Debt€63,141-€51,577▼ 18.3%
Working capital€9,444within the sector's middle half-€8,642within the sector's middle half▼ 8.5%
Solvency14.1%within the sector's middle half-19.8%within the sector's middle half▲ 5.7pp
Current ratio1.51within the sector's middle half-1.38within the sector's middle half▼ 0.14
Return on assets (ROA)5.9%above the sector's middle half-3.7%within the sector's middle half▼ 2.3pp
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 50% lower than in 2024.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,320
Fixed assets €32,882 ▼ 28.1%
Current assets €31,439 ▲ 13.1%
Equity and liabilities €64,320
Equity €12,744 ▲ 22.9%
Debt €51,577 ▼ 18.3%
Debt's share of the balance-sheet total falls from 85.9% to 80.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€20,229▼
2024 · €33,116
Cash flow
€15,201▼
2024 · €22,812
Debt to equity
4.05▼
2024 · 6.09
ROE
18.6%▼
2024 · 42.2%
Interest coverage
6.57▲
2024 · 5.01
Debt ≤ 1 year
€22,797▲
2024 · €18,358
Debt > 1 year
€28,780▼
2024 · €44,783
Income taxes
€1,949▼
2024 · €3,692
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€64,151-
Depreciation and write-downs of the year€18,439€12,830

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€73,514€64,320▼
Fixed assets21/28€45,712€32,882▼
Tangible fixed assets22/27€45,712€32,882▼
Furniture and vehicles24€45,712€32,882▼
Current assets29/58€27,802€31,439▲
Amounts receivable within one year40/41€5,504€18,537▲
Trade receivables40-€7,260
Other amounts receivable41€5,504€11,277▲
Cash at bank and in hand54/58€22,298€12,902▼
Equity and liabilities
Total equity and liabilities10/49€73,514€64,320▼
Equity10/15€10,373€12,744▲
Contributions10/11€6,000€6,000=
Contributions outside capital11€6,000€6,000=
Other1109/19€6,000€6,000=
Profit (loss) carried forward14€4,373€6,744▲
Amounts payable17/49€63,141€51,577▼
Amounts payable after more than one year17€44,783€28,780▼
Financial debts170/4€44,783€28,780▼
Amounts payable within one year42/48€18,358€22,797▲
Current portion of amounts payable after more than one year42€15,119€16,003▲
Trade debts44-€366
Suppliers440/4-€366
Taxes, remuneration and social security45€3,239€6,427▲
Taxes450/3€3,239€5,077▲
Remuneration and social security454/9-€1,350
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,439€12,830▼
Other operating charges640/8€10,353€684▼
Gross operating margin9900€43,469€20,913▼
Operating profit (loss)9901€14,677€7,399▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6,613€3,079▼
Recurring financial charges65€6,613€3,079▼
Profit (loss) for the period before taxes9903€8,064€4,320▼
Income taxes67/77€3,692€1,949▼
Profit (loss) for the period9904€4,373€2,371▼
Profit (loss) for the period to be appropriated9905€4,373€2,371▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,373€6,744▲
Profit (loss) brought forward from the previous period14P-€4,373

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 07-08-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,439€12,830▼ 30.4%
Other operating charges640/8€10,353€684▼ 93.4%
Gross operating margin9900€43,469€20,913▼ 51.9%
Operating profit (loss)9901€14,677€7,399▼ 49.6%
Financial income75/76B€0--
Recurring financial income75€0--
Financial charges65/66B€6,613€3,079▼ 53.4%
Recurring financial charges65€6,613€3,079▼ 53.4%
Profit (loss) for the period before taxes9903€8,064€4,320▼ 46.4%
Income taxes67/77€3,692€1,949▼ 47.2%
Profit (loss) for the period9904€4,373€2,371▼ 45.8%
Profit (loss) for the period to be appropriated9905€4,373€2,371▼ 45.8%
Line20242025Change
Assets
Total assets20/58€73,514€64,320▼ 12.5%
Fixed assets21/28€45,712€32,882▼ 28.1%
Tangible fixed assets22/27€45,712€32,882▼ 28.1%
Furniture and vehicles24€45,712€32,882▼ 28.1%
Current assets29/58€27,802€31,439▲ 13.1%
Amounts receivable within one year40/41€5,504€18,537▲ 237%
Trade receivables40-€7,260-
Other amounts receivable41€5,504€11,277▲ 105%
Cash at bank and in hand54/58€22,298€12,902▼ 42.1%
Equity and liabilities
Total equity and liabilities10/49€73,514€64,320▼ 12.5%
Equity10/15€10,373€12,744▲ 22.9%
Contributions10/11€6,000€6,000=
Contributions outside capital11€6,000€6,000=
Other1109/19€6,000€6,000=
Profit (loss) carried forward14€4,373€6,744▲ 54.2%
Amounts payable17/49€63,141€51,577▼ 18.3%
Amounts payable after more than one year17€44,783€28,780▼ 35.7%
Financial debts170/4€44,783€28,780▼ 35.7%
Amounts payable within one year42/48€18,358€22,797▲ 24.2%
Current portion of amounts payable after more than one year42€15,119€16,003▲ 5.9%
Trade debts44-€366-
Suppliers440/4-€366-
Taxes, remuneration and social security45€3,239€6,427▲ 98.4%
Taxes450/3€3,239€5,077▲ 56.8%
Remuneration and social security454/9-€1,350-
Line20242025Change
Profit (loss) for the period9904€4,373€2,371▼ 45.8%
+ Depreciation and write-downs630€18,439€12,830▼ 30.4%
Operating cash flow (approximation)€22,812€15,201▼ 33.4%
Investment in fixed assets (approximation)-€0-
Change in cash--€9,396-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 2,542 companies had the same profile as LRY has now. Two years later, 95.0% were still going and 3.5% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
95.0% was still going
1.2% stopped otherwise
3.5% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of LRY itself is lower: 0.3% within 12 months. It rests on far more data about LRY than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,542 companies, not a prediction for LRY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 full format 07-08-2026 2026-00389501 PDF
31-12-2024 full format 08-08-2025 2025-00367405 PDF

Board & ownership

Directors

Directors
1 director, since incorporation
LEROY Kloé Claire
Director (not named in the articles) · since 13-07-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 07-08-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 14. Pouvoir de représentation L’administrateur unique représente valablement seul la société à l’égard des tiers, en ce compris la…”
deed of 13-07-2023

Owners and capital

Shareholders

At incorporation act of 13-07-2023 ↗

Capital transactions

Capital over time
  1. 13-07-2023 Incorporation · €6,000 · 100 shares

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Assemblée générale peut mettre fin pour justes motifs, sans préavis ni indemnité”
“Tout administrateur,nomme ou non dans statuts, sans preavis”
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Articles of association, deed of 13-07-2023 (in French)

Network & group

LRY shares no director with another company.

Companies at the same address

1 other company

Connections & network

1 current director
Depth

The network starts from the directors of LRY. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
07-08
NBB filing Annual accounts 2025 filedNBB
full format · 7 days late
2025
08-08
NBB filing Annual accounts 2024 filedPDF
full format · 8 days late
2023
13-07
Gazette deed Incorporation
Starting capital €6,000 · Appointment: LEROY Kloé Claire (director) · Permanent representative: LEROY Kloé Claire · Founder: LEROY Kloé Claire8 points ▸
  • Incorporation, 11-07-2023
  • Founder, LEROY Kloé Claire
  • Founding capital, €6,000, 100 shares
  • LEROY Kloé Claire holds all the shares
  • Registered office clause, rue Aloïs Den Reep 26, 7700 Mouscron
  • Board rule, 1
  • Director appointment, LEROY Kloé Claire (director (not named in the articles))
  • Permanent representative, LEROY Kloé Claire (représentant permanent de la société)
  • The act holds 4 more points.

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 11 July 2023, LRY was incorporated as a private limited company by one natural person, with a starting capital of €6,000.12 LEROY Kloé Claire has served as director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-07-2023
  3. 3National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name LRY in French
Enterprise number 0803.833.654
Legal form Private limited company
Status Active, normale toestand
Founded 11-07-2023
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-07-2023 (in French)

Registered office and establishments

Registered office Aloïs Den Reepstraat 26, 7700 Mouscron, Belgium
Establishment unit LRY, Aloïs Den Reepstraat 26, 7700 Mouscron since 11-07-2023 · unit number 2.347.803.044 68310 Real estate agency activities

Activities

NACEBEL 2025
68121 Development of residential building projects main activity
Codes under NACEBEL 2008
41101 Real estate development main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes promotions immobilières, l’achat, la vente, l’échange, la mise en valeur, le lotissement, l’exploitation, la location et l’affermage…”
5 activities
  1. Toutes promotions immobilières, l’achat, la vente, l’échange, la mise en valeur, le lotissement, l’exploitation, la location et l’affermage de tous immeubles bâtis et non bâtis ainsi que la réalisation de toutes opérations relatives à la promotion immobilière, à l’activité d’administrateur de biens, de marchand de biens, activité d’agence immobilière, intermédiaire dans toutes opérations immobilières telles que la vente, la location, activité de syndic (gestion d’immeubles), la prise et la remise de fonds de commerce. La société peut donner à bail ses installations et exploitations ou les donner à gérer à des tiers en tout ou en partie. Elle peut également réaliser toutes opérations liées à l’acquisition et à la cession, la mise en gage de droits réels immobiliers tels que l’usufruit, la nue-propriété, le droit d’emphytéose, …
  2. Toutes activités en matière de consultance, de conseils, assistance en matière technique, commerciale, financière et industrielle ; la formation et l’information de personnes, sociétés et entreprises, le commissionnement de quelque nature que ce soit lors d’apport d’affaires à un tiers ; assumer des mandats administratifs ; la prestation de services administratifs, la formation en technique de vente, marketing, management, … .
  3. La création et le placement de publicité notamment affiches, annonces publicitaires, journaux, enseignes lumineuses, infographie, impression digitale, et toute autre opération ayant un lien direct ou indirect avec la publicité ; la distribution d’échantillons, de prospectus publicitaires et d’autres matériel de publicité, y compris les journaux publicitaires, régionaux et autres ;
  4. L’exercice de mandats d’administrateur ou de liquidateur dans d’autres sociétés et entreprises ;
  5. L’acquisition de participation, sous quelque forme que ce soit, dans des sociétés existantes ou à constituer.
deed of 13-07-2023 (in French)

Invoicing and payment

VAT number BE 0803.833.654
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0803833654
Other Peppol ID 9925:BE0803833654
Registered 16-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.833.654

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 20:00
deed of 13-07-2023 (in French)

Sites & property

Location
registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
462 m²
Building footprint
59 m²
Building volume
646 m³
Cadastral parcel Region Area Buildings Height / floors
54432C0192/00H010 Wallonia 462 m² 1 · 59 m² 12.5 m · 4