LS PROJECT
ActiveLS PROJECT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €7k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-41
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 3.53 in 2024), and 32.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
67.4%
Return on assets
3.5%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
40 d late
2022
57 d late
2021
30 d late
2020
31 d late
2019
80 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€130k▼ 11.8%
2024 · €147k
2018: €102k
2019: €106k
2020: €112k
2021: €137k
2022: €133k
2023: €141k
2024: €147k
2018 → 2025
Total assets
€193k▼ 4.3%
2024 · €201k
2018: €105k
2019: €140k
2020: €137k
2021: €188k
2022: €168k
2023: €171k
2024: €201k
2018 → 2025
Net result
€7k▼ 66.1%
2024 · €20k
2018: €10k
2019: €4k
2020: €6k
2021: €44k
2022: €-5k
2023: €10k
2024: €20k
2018 → 2025
Working capital
€75k▼ 9.0%
2024 · €82k
2018: €81k
2019: €55k
2020: €71k
2021: €88k
2022: €89k
2023: €99k
2024: €82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€137k-€133k▼ 3.5%€141k▲ 6.4%€147k▲ 4.2%€130k▼ 11.8%
Operating result€47k-€-3k€16k€33k▲ 104%€12k▼ 62.3%
Net result€44k-€-5k€10k€20k▲ 105%€7k▼ 66.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€67k▼ 21.7%
Current assets
€125k▲ 8.8%
Equity and liabilities €193k
Equity
€130k▼ 11.8%
Debt
€63k▲ 16.0%
The debt ratio rises from 26.9% to 32.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€31k▼
2024 · €52k
Cash flow
€25k▼
2024 · €39k
Solvency
67.4%▼
2024 · 73.1%
Current ratio
2.50▼
2024 · 3.53
Quick ratio
2.25▼
2024 · 2.93
Debt / equity
0.48▲
2024 · 0.37
ROE
5.2%▼
2024 · 13.5%
ROA
3.5%▼
2024 · 9.9%
Interest coverage
14.61▼
2024 · 24.69
Debt
€63k▲
2024 · €54k
Debt ≤ 1 year
€50k▲
2024 · €33k
Debt > 1 year
€13k▼
2024 · €22k
Income taxes
€4k▼
2024 · €11k
Staff costs
€2k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€201k€193k▼
Fixed assets21/28€86k€67k▼
Tangible fixed assets22/27€86k€67k▼
Land and buildings22€15k€15k▼
Plant, machinery and equipment23€19k€16k▼
Furniture and vehicles24€45k€32k▼
Other tangible fixed assets26€7k€5k▼
Current assets29/58€115k€125k▲
Stocks and contracts in progress3€20k€12k▼
Stocks30/36€20k€12k▼
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€2k€10k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€89k€99k▲
Deferred charges and accrued income490/1€131€127▼
Equity and liabilities
Total equity and liabilities10/49€201k€193k▼
Equity10/15€147k€130k▼
Contributions10/11€15k€15k=
Reserves13€77k€60k▼
Tax-exempt reserves132€15k€12k▼
Distributable reserves133€63k€48k▼
Profit (loss) carried forward14€55k€55k=
Amounts payable17/49€54k€63k▲
Amounts payable after more than one year17€22k€13k▼
Financial debts170/4€22k€13k▼
Amounts payable within one year42/48€33k€50k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€4k€14k▲
Suppliers440/4€4k€14k▲
Advances received on contracts in progress46€488€0▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€14k€24k▲
Accrued charges and deferred income492/3-€4
Income statement
Code20242025
Remuneration, social security and pensions62€18k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€72k€35k▼
Operating profit (loss)9901€33k€12k▼
Financial income75/76B€564€460▼
Recurring financial income75€564€460▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€31k€11k▼
Income taxes67/77€11k€4k▼
Profit (loss) for the period9904€20k€7k▼
Transfer from tax-exempt reserves789€4k€3k▼
Profit (loss) for the period to be appropriated9905€23k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€65k▼
Profit (loss) brought forward from the previous period14P€55k€55k=
Transfer from equity791/2€14k€24k▲
Transfer to equity691/2€23k€10k▼
To other reserves6921€23k€10k▼
Profit to be distributed694/7€14k€24k▲
Return on contributions (dividend)694€14k€24k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Weakest financial yearnet €-5k ▼111%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €44k ▲671%
Operating result €47k, net result €44k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Verviers · 2 establishment units since 2011
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 Brou 794800 VerviersGround area
221 m²
Building footprint
115 m²
Volume, LiDAR
1,673 m³
2 parcels, Wallonia · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
GAETAN FALZONE
since 20112.203.422.801
Rue du Brou 23, 4800 Verviers
since 20212.326.728.409
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A0703/00G000 | Wallonia | 126 m² | 1 · 60 m² | 16.9 m · 5 fl. |
| 63079A0731/00C000 | Wallonia | 95 m² | 1 · 55 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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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BE 0891.769.993
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Mercuron
BE 0535.546.502
Nazareth · Eq €129k
JDV COMPUTERS
BE 0747.713.711
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NATTYS
BE 0687.558.566
Sint-Gillis (bij-Brussel) · Eq €129k
Curios
BE 0692.668.585
Schoten · Eq €129k
Of 3,210 companies in sector 47400 we hold annual accounts for 1,795. 1,421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2011
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.