Lebeau Development

Active

Public limited companyfounded 20187 yrs activeAnspachlaan 1, 1000 Brussel, BelgiumKBO/BCE: BE 0711.809.556

Lebeau Development has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.17M and a net result of €-1k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 19% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Watch Print / PDF

Checked score

Score 2025

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37=

Solvency30▼-3

Growth32=

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €60k at 30 days acceptable

Liquidity ample (current ratio 4.22 against 12.6 in 2024; short-term debt: 23.7% and cash: 16.4% of total assets), but 94.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

5.2%

Return on assets

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4539 sector peers (2025).

NBB · sector comparison

Position among 4539 sector peers

Solvency

better than 19%

← weakest strongest →

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 7 filings

Deviation from the deadline

2025

11 d late

2024

37 d early

2023

41 d early

2022

41 d early

2021

12 d early

2020

1 d early

2019

66 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-1k▲ 87.9%

2024 · €-11k

2019: €-529 2020: €-9k 2021: €-43k 2022: €-7k 2023: €-3k 2024: €-11k

2019 → 2025

Working capital

€17.09M▲ 26.3%

2024 · €13.54M

2019: €1.25M 2020: €1.24M 2021: €1.20M 2022: €7.34M 2023: €8.51M 2024: €13.54M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1.20M-€1.19M▼ 0.6%€1.19M▼ 0.3%€1.18M▼ 1.0%€1.17M▼ 0.1%

Operating result€-4k-€-3k▲ 25.3%€-3k▲ 16.8%€-11k▼ 316%€-1k▲ 87.9%

Net result€-43k-€-7k▲ 84.2%€-3k▲ 52.6%€-11k▼ 252%€-1k▲ 87.9%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1k in 2025 against €11k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €22.40M

94.8%

Equity €1.17M▼ 0.1%

Debt €21.23M▲ 56.9%

The debt ratio rises from 92.0% to 94.8%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

Solvency

5.2%▼

2024 · 8.0%

Current ratio

4.22▼

2024 · 12.60

Quick ratio

2.76▼

2024 · 9.54

Debt / equity

18.07▲

2024 · 11.50

ROE

-0.1%▲

2024 · -1.0%

ROA

0.0%▲

2024 · -0.1%

Debt

€21.23M▲

2024 · €13.53M

Debt ≤ 1 year

€5.31M▲

2024 · €1.17M

Debt > 1 year

€15.92M▲

2024 · €12.36M

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€14.71M€22.40M▲

Current assets29/58€14.71M€22.40M▲

Stocks and contracts in progress3€3.58M€7.76M▲

Stocks30/36€3.58M€7.76M▲

Amounts receivable within one year40/41€10.95M€10.96M▲

Trade receivables40€10.87M€10.96M▲

Other amounts receivable41€84k€0▼

Cash at bank and in hand54/58€179k€3.68M▲

Deferred charges and accrued income490/1-€6k

Equity and liabilities

Total equity and liabilities10/49€14.71M€22.40M▲

Equity10/15€1.18M€1.17M▼

Contributions10/11€1.25M€1.25M=

Capital10€1.25M€1.25M=

Issued capital100€1.25M€1.25M=

Profit (loss) carried forward14€-74k€-75k▼

Amounts payable17/49€13.53M€21.23M▲

Amounts payable after more than one year17€12.36M€15.92M▲

Other amounts payable178/9€12.36M€15.92M▲

Amounts payable within one year42/48€1.17M€5.31M▲

Trade debts44€1.17M€2.19M▲

Suppliers440/4€1.17M€2.19M▲

Advances received on contracts in progress46-€2.63M

Taxes, remuneration and social security45-€491k

Taxes450/3-€491k

Income statement Code20242025

Non-recurring operating income76A-€3k

Other operating charges640/8€7k€998▼

Gross operating margin9900€-4k€-370▲

Operating profit (loss)9901€-11k€-1k▲

Financial charges65/66B€0-

Recurring financial charges65€0-

Profit (loss) for the period before taxes9903€-11k€-1k▲

Profit (loss) for the period9904€-11k€-1k▲

Profit (loss) for the period to be appropriated9905€-11k€-1k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-74k€-75k▼

Profit (loss) brought forward from the previous period14P€-63k€-74k▼

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 3Gazette 1Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-09

State Gazette act General meeting · Director resignation

General meeting · Director resignation · Director discharge12 facts ▸

General meeting, 2026-06-24
Director resignation, Adel Yahia Consult BV (bestuurder)
Director discharge, Adel Yahia Consult BV
Director appointment, Alix Aspeslagh BV (bestuurder)
Permanent representative, Alix Aspeslagh
Mandate compensation, Alix Aspeslagh BV
Director reappointment, KB Financial Services BV (bestuurder)
Permanent representative, Karel Breda
Mandate compensation, KB Financial Services BV
Auditor appointment, Frederic Poesen (vaste vertegenwoordiger)
Auditor appointment, Jonas Nachtergaele (vaste vertegenwoordiger)
Power of attorney, B-docs BV

11-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 11 days late

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Liquidity times 11current ratio 282.98

Current ratio from 24.67 to 282.98; short-term debt falls from €310k to €30k.

20-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Liquidity times 20current ratio 24.67

Current ratio from 1.21 to 24.67; short-term debt falls from €5.81M to €310k.

19-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Weakest financial yearnet €-43k

Net result drops to €-43k, the lowest in the series; recovery starts the following year.

30-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

05-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 66 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 directors, no change since 2026

Alix Aspeslagh

Director · since 24-06-2026 · Private limited company · perm. rep.: Alix Aspeslagh

Current

KB Financial Services BV

Director · Legal entity · perm. rep.: Karel Breda

Current

01-10-2026 Jonas Nachtergaele: Auditor of as Vaste vertegenwoordiger

31-07-2026 Frederic Poesen: Auditor of as Vaste vertegenwoordiger

24-06-2026 Alix Aspeslagh: Appointed as Director

24-06-2026 ADEL YAHIA CONSULT: Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Anspachlaan 11000 Brussel

Ground area

6,482 m²

Building footprint

4,827 m²

Volume, LiDAR

188,668 m³

Parcel 21812N1468/00B000, Brussels · tallest building 74.9 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

LEBEAU DEVELOPMENT

Anspachlaan 1, 1000 BrusselReal estate development

since 20182.284.627.835

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21812N1468/00B000	Brussels	6,482 m²	1 · 4,827 m²	74.9 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Ownership & control

1 party

Control over this companysits on this company's board1

Alix Aspeslagh

1 subsidiary · 1 location

controls

Lebeau DevelopmentBE 0711.809.556

Similar companies · same sector, comparable size

RIETVELD BOUWPROJECTEN

Frasnes-lez-Anvaing · Eq €1.18M

FBGO INVEST

BE 0644.856.790

Grez-Doiceau · Eq €1.17M

Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 3,717 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded17-10-2018

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

68122Development of non-residential building projects

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.