LSolution
ActiveSummary
LSolution has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,541 and a net result of -€4,657. Equity has been growing by about 3.2% per year since 2018. Its solvency ranks better than 22% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-11-2017 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.270.030.919 1140 Evere, since 17-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 02-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Turnover
- €116,576
- ▲ 29.4%
- Loss
- €4,657
- ▼ 59.5%
- Equity
- €9,541
- ▼ 32.8%
- Total assets
- €49,297
- ▲ 48.8%
- Employees on 31-12-2025
- 1
- =
- €9,735 of overdue tax debts on 31-12-2025
Score breakdownraises riskLoss of €4,657, the second in a row (financial year 2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: turnover €116,576, total assets €49,297Liquidity: current ratio 1.23, cash €12,826Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 23% of them on solvency, 18% on liquidity, 22% on profitability and 50% on growth.
The bankruptcy probability was computed on 03-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 53 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,441, smaller than the loss of €7,565 in 2024.
- 2024 Turnover -54% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | 0 | - | - |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.2 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | - | 0 |
| Left | 0 | - | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | €3,219 | €3,219 | €6,802 | €9,735 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €18,926 | €10,991 | €9,085 | - |
| Depreciation and write-downs of the year | - | €631 | €8,729 | €10,958 | €5,913 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €88,900 | €197,311 | €90,103 | €116,576 | ▲ 29.4% |
| Non-recurring operating income76A | - | - | - | - | €3,240 | - | €6,578 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €102,187 | €78,822 | €169,582 | €98,048 | €73,241 | ▼ 25.3% |
| Remuneration, social security and pensions62 | - | - | - | €3,317 | €3,817 | €9,107 | €36,660 | €37,167 | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117 | €117 | €117 | - | €631 | €8,729 | €10,958 | €5,913 | ▼ 46.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €1,642 | - |
| Other operating charges640/8 | - | - | - | €2,439 | €5,239 | €2,570 | €2,165 | - | - |
| Gross operating margin9900 | €10,033 | €14,203 | €12,333 | €5,341 | €13,318 | €27,730 | €42,218 | €40,282 | ▼ 4.6% |
| Operating profit (loss)9901 | €6,600 | €12,290 | €10,558 | -€415 | €3,631 | €7,323 | -€7,565 | -€4,441 | ▲ 41.3% |
| Financial charges65/66B | - | - | - | €293 | €389 | €872 | €455 | €217 | ▼ 52.4% |
| Recurring financial charges65 | €280 | €52 | €47 | €293 | €389 | €872 | €455 | €217 | ▼ 52.4% |
| Profit (loss) for the period before taxes9903 | €6,320 | €12,237 | €10,511 | -€708 | €3,242 | €6,451 | -€8,020 | -€4,657 | ▲ 41.9% |
| Income taxes67/77 | €1,579 | -€1,208 | €1,474 | -€745 | €1,930 | €1,926 | €3,481 | - | - |
| Profit (loss) for the period9904 | €4,741 | €13,446 | €9,038 | €37 | €1,313 | €4,524 | -€11,501 | -€4,657 | ▲ 59.5% |
| Profit (loss) for the period to be appropriated9905 | €4,741 | €13,446 | €9,038 | €37 | €1,313 | €4,524 | -€11,501 | -€4,657 | ▲ 59.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €17,431 | €27,287 | €24,999 | €23,756 | €45,001 | €45,388 | €33,140 | €49,297 | ▲ 48.8% |
| Fixed assets21/28 | €233 | €117 | - | - | €18,295 | €20,557 | €6,162 | €248 | ▼ 96.0% |
| Tangible fixed assets22/27 | €233 | €117 | - | - | €18,295 | €20,557 | €6,162 | €248 | ▼ 96.0% |
| Furniture and vehicles24 | - | - | - | - | €18,295 | €20,557 | €6,162 | €248 | ▼ 96.0% |
| Current assets29/58 | €17,198 | €27,170 | €24,999 | €23,756 | €26,706 | €24,832 | €26,978 | €49,049 | ▲ 81.8% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €13,297 | €7,800 | ▼ 41.3% |
| Contracts in progress37 | - | - | - | - | - | - | €13,297 | €7,800 | ▼ 41.3% |
| Amounts receivable within one year40/41 | €505 | €933 | €6,843 | €13,444 | €859 | €5,564 | €516 | €26,533 | ▲ 51× |
| Trade receivables40 | - | - | - | €10,171 | €859 | €5,564 | €300 | €26,517 | ▲ 88× |
| Other amounts receivable41 | - | - | - | €3,273 | - | - | €216 | €17 | ▼ 92.4% |
| Cash at bank and in hand54/58 | €16,693 | €26,237 | €18,156 | €10,312 | €25,848 | €18,800 | €11,350 | €12,826 | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €467 | €1,815 | €1,889 | ▲ 4.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €17,431 | €27,287 | €24,999 | €23,756 | €45,001 | €45,388 | €33,140 | €49,297 | ▲ 48.8% |
| Equity10/15 | €11,724 | €13,170 | €19,826 | €19,863 | €21,176 | €25,700 | €14,199 | €9,541 | ▼ 32.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €6,200 | €18,600 | €18,600 | €18,600 | €6,200 | ▼ 66.7% |
| Uncalled capital101 | - | - | - | - | €12,400 | €12,400 | €12,400 | - | - |
| Profit (loss) carried forward14 | €5,524 | €6,970 | €13,626 | €13,663 | €14,976 | €19,500 | €7,999 | €3,341 | ▼ 58.2% |
| Amounts payable17/49 | €5,707 | €14,117 | €5,173 | €3,893 | €23,826 | €19,688 | €18,941 | €39,756 | ▲ 110% |
| Amounts payable after more than one year17 | - | - | - | - | €13,417 | €6,212 | - | - | - |
| Financial debts170/4 | - | - | - | - | €13,417 | €6,212 | - | - | - |
| Amounts payable within one year42/48 | €5,707 | €14,117 | €5,173 | €3,893 | €10,409 | €13,476 | €18,941 | €39,756 | ▲ 110% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,941 | €7,205 | €6,212 | - | - |
| Trade debts44 | €42 | - | - | €3,787 | €222 | €2,476 | €295 | €1,125 | ▲ 281% |
| Suppliers440/4 | - | - | - | €3,787 | €222 | €2,476 | €295 | €1,125 | ▲ 281% |
| Advances received on contracts in progress46 | - | - | - | - | €27 | €27 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €105 | €3,219 | €3,746 | €11,348 | €9,735 | ▼ 14.2% |
| Taxes450/3 | - | - | - | €105 | €3,219 | €3,746 | €6,802 | €9,735 | ▲ 43.1% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €4,546 | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €22 | €1,086 | €28,895 | ▲ 27× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,741 | €13,446 | €9,038 | €37 | €1,313 | €4,524 | -€11,501 | -€4,657 | ▲ 59.5% |
| + Depreciation and write-downs630 | €117 | €117 | €117 | - | €631 | €8,729 | €10,958 | €5,913 | ▼ 46.0% |
| Operating cash flow (approximation) | €4,858 | €13,562 | €9,154 | €37 | €1,943 | €13,253 | -€543 | €1,256 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | -€10,991 | €3,437 | €0 | ▼ 100.0% |
| Change in cash | - | €9,544 | -€8,081 | -€7,844 | €15,536 | -€7,047 | -€7,450 | €1,476 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,548 companies had the same profile as LSolution has now. Two years later, 91.3% were still going and 4.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LSolution itself is lower: 0.2% within 12 months. It rests on far more data about LSolution 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.
| 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 1,548 companies, not a prediction for LSolution. 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 (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-07-2026 | 2026-00323622 | |
| 31-12-2024 | abbreviated format | 03-10-2025 | 2025-00534298 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00305633 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00297061 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00435334 | |
| 31-12-2021 | micro format | 14-12-2022 | 2022-20538199 | |
| 31-12-2020 | micro format | 10-12-2021 | 2021-80100049 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64400432 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-55000043 |
Board & ownership
Directors
Owners and capital
Shareholders
- Lendita MAVRAJ 100 shares
- Shpresa IPEKLI to Lendita MAVRAJ 50 shares
Capital transactions
Act of 27-10-2026Transfer of 50 sharesResignation: Shpresa IPEKLI (director) · Appointment: Lendita MAVRAJ (sole director) · Shareholding
- 23-06-2022 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Lendita MAVRAJ |
|
| Shpresa IPEKLI |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement, toutes cessions entre vifs onéreux gratuit volontaires forcées exclusion retrait…”
Articles of association, deed of 23-06-2022 (in French)
Network & group
LSolution shares no director with another company.
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of LSolution. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-10
Gazette deed
Transfer of 50 sharesResignation: Shpresa IPEKLI (director) · Appointment: Lendita MAVRAJ (sole director) · Shareholding5 points ▸
- General meeting, 01-10-2026
- Share transfer, Shpresa IPEKLI → Lendita MAVRAJ
- Lendita MAVRAJ holds 100 shares
- Director resignation, Shpresa IPEKLI (director)
- Director appointment, Lendita MAVRAJ (sole director)
23-06
Gazette deed
Changes of role: IPEKLI Shpresa (director) and MAVRAJ Lendita (director)Amendment of the articles · Capital conversion · Reserve release17 points ▸
- General meeting, 21-06-2022
- Other provision, “adapter statuts aux dispositions du Code des sociétés et des associations, supprimer compte de capitaux propres statutairement indisponible et mettre à disposit…” (deed in French)
- Other provision, “présences et convocations, gérantes présentes” (deed in French)
- Other provision, “constatation de la validité de l’assemblée générale, après délibération adopte les résolutions suivantes” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds rendus disponibles pour distribution” (deed in French)
- Power of attorney, Bruno le Maire
- Director resignation, IPEKLI Shpresa (manager)
- Director resignation, MAVRAJ Lendita (manager)
- Director appointment, IPEKLI Shpresa (director (not named in the articles))
- Director appointment, MAVRAJ Lendita (director (not named in the articles))
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- La consultance et/ou la prestation de services dans les domaines de la gestion,de l’administration,de la restructuration,du développement,de la reconversion et du management d’entreprises
- Le développement et la commercialisation de logiciels de tous types et/ou de tous concepts de gestion et de management d’entreprises en général
- La consultance,la prestation de services,la formation,et l’expertise dans les domaines de la conception et la mise au point de modèles numériques,algorithmes et logiciels de tous types
- D’effectuer des études,de programmer et de mettre en route des systèmes d’organisation,de vente,de publicité,de marketing,de mettre en application des systèmes pour traiter des données et toutes techniques en rapport avec la gestion technique,administrative,économique et générale d’entreprises
- De concevoir,d’étudier,de promouvoir et de réaliser tous projets informatiques,bureautiques et tout ce qui s’y rapporte
- Tous travaux de secrétariat en général
- Tous travaux d’encodage et de traitement de l’information et/ou de données informatiques
- La réalisation d’études,sur base des domaines précités,et en particulier,la réalisation de simulations et analyses numériques ainsi que l’étude de l’optimisation de procédés et/ou procédures
- De dispenser des avis financiers,techniques,commerciaux ou administratifs dans le sens le plus large du terme;à l’exception des conseils de placement d’argent et autres,fournir son assistance et exécuter des services directement ou indirectement sur le plan de l’administration et des finances,de la vente,de la production et de la gestion en général;fournir toutes prestations de service et exécuter tous mandats sous forme d’études d’organisations,d’expertises,d’actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- La recherche,la conception,le développement,l’engineering,la production,le commerce,la diffusion,le marketing,l’amélioration et la réalisation de tous matériels et concepts dans les domaines de la modélisation,de l’informatique et de la programmation,pour tout particulier,toute industrie ou administration publique ou privée
- L’acceptation et l’exercice de mandats relatifs à l’administration,à la gestion,à la direction,au contrôle et à la liquidation de toutes sociétés,entreprises ou associations
- L’achat,la vente,la location,la prise à bail,la rénovation et la transformation de tout immeuble et,d’une manière générale,toutes opérations immobilières
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21006A0219/00G000 | Brussels | 865 m² | 1 · 509 m² | 27.6 m · 8 |