Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LB PROJECTS from Vorselaar, company number BE0535634493, closed financial year 2025 with a result of € 18,431 after tax. For that financial year LB PROJECTS recorded a gross margin of € 40,126 and equity of € 35,364. Compared with financial year 2024, the result moved from € 7,698 to € 18,431. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 35,364
▲ 109% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,431
▲ 139% vs 2024
Profit after tax over the fiscal year.
€ 21,621
▲ 109% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 25,364.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 8,618
▲ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125,093
▼ 9% vs 2024
€ 29,431 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 964
▲ € 736 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,905
▲ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,142 | € 26,849 | € 22,113 | € 40,126 | ▲ 81% |
| Profit after taxes | € 6,936 | € 16,187 | € 7,698 | € 18,431 | ▲ 139% |
| Equity | € -6,951 | € 9,235 | € 16,933 | € 35,364 | ▲ 109% |
| Total debts | € 184,410 | € 195,860 | € 159,565 | € 150,980 | ▼ 5% |
| Cash | € 3,951 | € 31,337 | € 10,352 | € 21,621 | ▲ 109% |
| Land & buildings | € 162,241 | € 156,212 | € 150,184 | € 144,155 | ▼ 4% |
| Retained profit | € -16,951 | € -765 | € 6,933 | € 25,364 | ▲ 266% |
| Bank debt | € 174,381 | € 155,367 | € 136,979 | € 125,093 | ▼ 9% |
| Balance sheet total | € 177,458 | € 205,096 | € 176,498 | € 186,344 | ▲ 6% |
Key figures of LB PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to LB PROJECTS?
What happened at LB PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,431 (▲ 139% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- New establishment in Vorselaar. KBO
- LIEVAIN BOGAERTS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,936 profit in 2022 to € 18,431 profit in 2025.
Paid € 12,233 in corporate taxes since 2022.
Best year ever: 2025, with € 18,431 profit.
Management
Behind LB PROJECTS is LIEVAIN BOGAERTS.
Directors
According to the 2025 annual accounts
LIEVAIN BOGAERTS
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Sassenhout 48
2290 Vorselaar
Madridstraat 6 box 2
8400 Oostende
Active since 17 May 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0535.634.493
- VAT number
- BE 0535.634.493
- Registered office
- Sassenhout 48, 2290 Vorselaar
- Names & denominations
- LB PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2013
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
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