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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
Financials
Financial year 2025
PROJECT L from Ledegem, company number BE0538495597, closed financial year 2025 with a result of € 25,894 after tax. For that financial year PROJECT L recorded a gross margin of € 30,900 and equity of € -2,238. Compared with financial year 2024, the result moved from € -19,432 to € 25,894. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ -2,238
▲ € 25,894 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,894
▲ still € 19,432 loss in 2024
Profit after tax over the fiscal year.
€ 23,864
▲ € 18,369 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 € -14,838.
People and assets in 2025
€ 10,079
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19,182
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,066
▲ 57% 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 | € -4,129 | € -1,072 | € -13,905 | € 30,900 | ▲ € 44,805 |
| Profit after taxes | € -15,114 | € -18,228 | € -19,432 | € 25,894 | ▲ € 45,326 |
| Equity | € 9,528 | € -8,700 | € -28,132 | € -2,238 | ▲ € 25,894 |
| Total debts | € 20,023 | € 12,359 | € 58,066 | € 44,454 | ▼ 23% |
| Cash | € 37 | - | € 5,495 | € 23,864 | ▲ € 18,369 |
| Retained profit | € -3,072 | € -21,300 | € -40,732 | € -14,838 | ▲ € 25,894 |
| Bank debt | € 642 | € 594 | € 0 | € 0 | |
| Balance sheet total | € 29,551 | € 3,659 | € 29,934 | € 42,216 | ▲ 41% |
Key figures of PROJECT L, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PROJECT L?
What happened at PROJECT L in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,894. filed late Source: NBB ↗
- Ian Lein became a director. NBB
- New establishment in Ledegem. KBO
- Lore Monica Lannoy became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15,114 loss in 2022 to € 25,894 profit in 2025.
Best year ever: 2025, with € 25,894 profit.
Management
Behind PROJECT L are Lore Monica Lannoy and Ian Lein.
Directors
According to the 2025 annual accounts
Lore Monica Lannoy
Director
since 2013
Ian Lein
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Stationsstraat 81
8880 Ledegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0538.495.597
- VAT number
- BE 0538.495.597
- Registered office
- Stationsstraat 81, 8880 Ledegem
- Names & denominations
- PROJECT L
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 2013
- Peppol
- Active · Active since 20 May 2025
- Activities · NACE
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