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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 0.5 to 0.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LPI DEVELOPMENT from Ieper, company number BE0771507514, closed financial year 2025 with a result of € -8.6 million after tax. For that financial year LPI DEVELOPMENT recorded a gross margin of € -376,072 and equity of € -9.5 million. Compared with financial year 2024, the result moved from € -691,890 to € -8.6 million. The company made a loss. 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 September 24, 2026.
€ -9.5 million
▼ € 8.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.6 million
▼ 1149 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,528
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.7 million.
People and assets in 2025
0
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.9 million
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -134,341 | € -100,199 | € -626,618 | € -376,072 | ▲ € 250,546 |
| Profit after taxes | € -152,253 | € -192,839 | € -691,890 | € -8,641,668 | ▼ € 7.9 million |
| Equity | € 70,467 | € -122,372 | € -814,262 | € -9,455,930 | ▼ € 8.6 million |
| Total debts | € 7,133,067 | € 8,466,502 | € 8,810,576 | € 11,090,839 | ▲ 26% |
| Cash | € 3,384 | € 13,475 | € 7,312 | € 1,528 | ▼ 79% |
| Retained profit | € -179,533 | € -372,372 | € -1,064,262 | € -9,705,930 | ▼ € 8.6 million |
| Bank debt | € 0 | € 6,371,351 | € 151,784 | € 0 | ▼ 100% |
| Balance sheet total | € 7,203,534 | € 8,344,130 | € 7,996,314 | € 1,634,909 | ▼ 80% |
| Employees (FTE) | - | 0.5 | 0.3 | 0 | ▼ 0.3 |
Key figures of LPI DEVELOPMENT, 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 LPI DEVELOPMENT?
What happened at LPI DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8.6 million. filed late Source: NBB ↗
- Ghemic BV became a director. NBB
- New establishment in Ieper. KBO
- Marie-Julie Gheysens became a director. NBB
- Paul Gheysens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 152,253 loss in 2022 to € 8.6 million loss in 2025.
Management
The stake of GHELAMCO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LPI DEVELOPMENTBehind LPI DEVELOPMENT are Marie-Julie Gheysens, Ghemic BV and Paul Gheysens. The shares are held by GHELAMCO INVEST (100%).
Directors
According to the 2025 annual accounts
Marie-Julie Gheysens
Director
Also active at: GHELAMCO INVEST, GOLF MICE RE, GOLF HOTEL MANAGEMENT, GOLF HOTEL RE, GOLF CO RE, GOLF HOTEL UNITS RE, GOLF TERRAIN OPERATIONS MANAGEMENT, GOLF AMENITIES RE +3 more
since 2021
Director · represented by Michael Gheysens
Also active at: R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, THE WHITE HOUSE ZOUTE, STEELCON, BELGIAN TRADING COMPANY +44 more
since 2025
Paul Gheysens
Director
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0771.507.514
- VAT number
- BE 0771.507.514
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- LPI DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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