Lynx Projects
ActiveSummary
Lynx Projects has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,558 and a net result of €92,610. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency41▲+37
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 3.12 against 2.69 in 2024; short-term debt: 30.9% and cash: 42.4% of total assets), but 83.7% of the assets are financed with debt.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
16.3%
Return on assets
31.1%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2015 sector peers (2025).
NBB · sector comparisonPosition among 2015 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-03-2026, 123 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
123 d early
2024
96 d late
2023
91 d late
2022
31 d late
2021
10 d late
2020
61 d late
2019
68 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€48,558
2024 · -€43,052
Total assets
€297,677▲ 45.8%
2024 · €204,220
Net result
€92,610
2024 · -€79,013
Working capital
€195,263▲ 62.2%
2024 · €120,354
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,565▼ 83.5%€11,686▲ 647%-€4,977-€78,106▼ 1,469%€105,113
Net result-€1,449€7,086-€6,098-€79,013▼ 1,196%€92,610
Equity€34,973▼ 4.0%€42,059▲ 20.3%€35,961▼ 14.5%-€43,052€48,558
Total assets€104,609▼ 0.9%€377,386▲ 261%€430,775▲ 14.1%€204,220▼ 52.6%€297,677▲ 45.8%
Debt€69,635▲ 0.7%€335,327▲ 382%€394,814▲ 17.7%€247,272▼ 37.4%€110,475▼ 55.3%
Working capital€17,514▼ 42.7%€24,244▲ 38.4%€23,759▼ 2.0%€120,354▲ 407%€195,263▲ 62.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €105,113 after a loss of €78,106 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €297,677
Fixed assets
€10,302 ▼ 18.6%
Current assets
€287,374 ▲ 50.0%
Equity and liabilities €297,677
Equity
€48,558
Provisions
€138,644
Debt
€110,475
Debt finances 37.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€112,167▲
2024 · -€71,882
Cash flow
€99,664▲
2024 · -€72,789
Current ratio
3.12▲
2024 · 2.69
Quick ratio
2.91▲
2024 · 2.54
Debt to equity
2.28▲
2024 · -5.74
ROE
190.7%
ROA
31.1%▲
2024 · -38.7%
Interest coverage
629.06▲
2024 · -331.04
Debt ≤ 1 year
€92,112▲
2024 · €71,211
Debt > 1 year
€18,363▼
2024 · €176,061
Income taxes
€12,534▲
2024 · €848
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €83 | €580 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,316 | €5,720 | €6,194 | €6,224 | €7,053 | ▲ 13.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €138,644 | - |
| Other operating charges640/8 | €1,842 | €16,122 | €2,700 | €7,513 | €4,333 | ▼ 42.3% |
| Non-recurring operating charges66A | - | €1,377 | - | - | - | - |
| Gross operating margin9900 | €5,723 | €34,904 | €3,916 | -€64,368 | €255,144 | ▲ 496% |
| Operating profit (loss)9901 | €1,565 | €11,686 | -€4,977 | -€78,106 | €105,113 | ▲ 235% |
| Financial income75/76B | €463 | €4 | - | €158 | €209 | ▲ 32.0% |
| Recurring financial income75 | €463 | €4 | - | €158 | €209 | ▲ 32.0% |
| Financial charges65/66B | €1,754 | €391 | €102 | €217 | €178 | ▼ 17.9% |
| Recurring financial charges65 | €1,754 | €391 | €102 | €217 | €178 | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €273 | €11,299 | -€5,080 | -€78,165 | €105,144 | ▲ 235% |
| Income taxes67/77 | €1,722 | €4,213 | €1,019 | €848 | €12,534 | ▲ 1,378% |
| Profit (loss) for the period9904 | -€1,449 | €7,086 | -€6,098 | -€79,013 | €92,610 | ▲ 217% |
| Profit (loss) for the period to be appropriated9905 | -€1,449 | €7,086 | -€6,098 | -€79,013 | €92,610 | ▲ 217% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,609 | €377,386 | €430,775 | €204,220 | €297,677 | ▲ 45.8% |
| Fixed assets21/28 | €17,459 | €17,815 | €12,201 | €12,655 | €10,302 | ▼ 18.6% |
| Tangible fixed assets22/27 | €17,459 | €17,815 | €12,201 | €12,110 | €10,302 | ▼ 14.9% |
| Plant, machinery and equipment23 | €2,092 | €6,202 | €4,197 | €6,553 | €8,846 | ▲ 35.0% |
| Furniture and vehicles24 | €15,367 | €11,613 | €8,005 | €5,557 | €1,457 | ▼ 73.8% |
| Financial fixed assets28 | - | - | - | €545 | - | - |
| Current assets29/58 | €87,149 | €359,571 | €418,574 | €191,565 | €287,374 | ▲ 50.0% |
| Amounts receivable after more than one year29 | - | - | - | €99 | €103 | ▲ 4.0% |
| Other amounts receivable291 | - | - | - | €99 | €103 | ▲ 4.0% |
| Stocks and contracts in progress3 | €3,750 | €147,500 | €165,500 | €10,400 | €19,750 | ▲ 89.9% |
| Stocks30/36 | €3,750 | €7,500 | €15,000 | €10,400 | €19,750 | ▲ 89.9% |
| Contracts in progress37 | - | €140,000 | €150,500 | - | - | - |
| Amounts receivable within one year40/41 | €55,926 | €187,665 | €250,474 | €162,292 | €140,152 | ▼ 13.6% |
| Trade receivables40 | €51,713 | €185,364 | €243,233 | €162,292 | €126,186 | ▼ 22.2% |
| Other amounts receivable41 | €4,213 | €2,302 | €7,241 | - | €13,967 | - |
| Cash at bank and in hand54/58 | €8,829 | €23,350 | €1,092 | €17,604 | €126,117 | ▲ 616% |
| Deferred charges and accrued income490/1 | €18,644 | €1,056 | €1,507 | €1,170 | €1,252 | ▲ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,609 | €377,386 | €430,775 | €204,220 | €297,677 | ▲ 45.8% |
| Equity10/15 | €34,973 | €42,059 | €35,961 | -€43,052 | €48,558 | ▲ 213% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | - | - | - |
| Other1109/19 | - | - | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €29,958 | ▲ 1,511% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €29,958 | ▲ 1,511% |
| Profit (loss) carried forward14 | €14,513 | €21,599 | €15,501 | -€63,512 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €138,644 | - |
| Deferred taxes168 | - | - | - | - | €138,644 | - |
| Amounts payable17/49 | €69,635 | €335,327 | €394,814 | €247,272 | €110,475 | ▼ 55.3% |
| Amounts payable after more than one year17 | - | - | - | €176,061 | €18,363 | ▼ 89.6% |
| Other amounts payable178/9 | - | - | - | €176,061 | €18,363 | ▼ 89.6% |
| Amounts payable within one year42/48 | €69,635 | €335,327 | €394,814 | €71,211 | €92,112 | ▲ 29.4% |
| Financial debts43 | - | €250,000 | €250,000 | - | - | - |
| Other loans439 | - | €250,000 | €250,000 | - | - | - |
| Trade debts44 | €34,294 | €56,927 | €116,377 | €61,854 | €82,886 | ▲ 34.0% |
| Suppliers440/4 | €34,294 | €56,927 | €116,377 | €61,854 | €82,886 | ▲ 34.0% |
| Taxes, remuneration and social security45 | €8,220 | €10,453 | €10,480 | €9,357 | €8,226 | ▼ 12.1% |
| Taxes450/3 | €8,220 | €10,453 | €10,480 | €9,357 | €8,226 | ▼ 12.1% |
| Other amounts payable47/48 | €27,121 | €17,947 | €17,957 | - | €1,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,449 | €7,086 | -€6,098 | -€79,013 | €92,610 | ▲ 217% |
| + Depreciation and write-downs630 | €2,316 | €5,720 | €6,194 | €6,224 | €7,053 | ▲ 13.3% |
| Operating cash flow (approximation) | €867 | €12,805 | €96 | -€72,789 | €99,664 | ▲ 237% |
| Investment in fixed assets (approximation) | - | -€6,075 | -€580 | -€6,677 | -€4,701 | ▲ 29.6% |
| Change in cash | - | €14,521 | -€22,258 | €16,512 | €108,513 | ▲ 557% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €92,610
Net result €92,610 after 2 loss-making years.
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 96 days late
2024
31-12
Financial
Weakest financial yearnet -€79,013
Net result drops to -€79,013, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.69
Current ratio from 1.06 to 2.69; short-term debt falls from €394,814 to €71,211.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €7,086
Net result €7,086 after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Evere · 1 establishment unit since 2014
Ground area
284 m²
Building footprint
149 m²
Volume, LiDAR
1,871 m³
Parcel 21006A0404/00E003, Brussels · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Lynx Projects
since 20142.233.791.422
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0404/00E003 | Brussels | 284 m² | 1 · 149 m² | 15.4 m · 5 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
12 categoriesLynx Projects BV44956
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,879 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
Founded19-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
18130Pre-press and pre-media services
33110Repair and maintenance of fabricated metal products
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.