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L.P.P.

Active
Private limited companyfounded 200422 yrs activeVermorgenstraat 69, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0864.611.676

L.P.P. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €-16k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
50 / 100
Fair▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-23
Solvency42▲+25
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 0.07 in 2024), but 79.2% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 22 years 0 30 y
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
121 d early
2024
21 d late
2023
29 d late
2022
74 d late
2021
26 d late
2020
31 d late
2019
96 d late
← before the deadline after the deadline →
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 months
Position in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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, micro schema

Equity
€273k▼ 5.6%
2024 · €289k
2018: €23k 2019: €32k 2020: €13k 2021: €18k 2022: €308k 2023: €275k 2024: €289k
2018 → 2025
Total assets
€1.31M▼ 3.2%
2024 · €1.35M
2018: €192k 2019: €197k 2020: €144k 2021: €144k 2022: €1.06M 2023: €1.04M 2024: €1.35M
2018 → 2025
Net result
€-16k
2024 · €14k
2018: €-28k 2019: €9k 2020: €-18k 2021: €4k 2022: €41k 2023: €28k 2024: €14k
2018 → 2025
Working capital
€15k
2024 · €-779k
2018: €-31k 2019: €-24k 2020: €-43k 2021: €-33k 2022: €-603k 2023: €-608k 2024: €-779k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€18k-€308k▲ 1,649%€275k▼ 10.7%€289k▲ 4.9%€273k▼ 5.6%
Operating result€4k-€41k▲ 852%€-13k€15k€-11k
Net result€4k-€41k▲ 865%€28k▼ 30.2%€14k▼ 52.3%€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40kOperating result 2021: €4k€4kNet result 2021: €4k€4kOperating result 2022: €41k€41kNet result 2022: €41k€41kOperating result 2023: €-13k€-13kNet result 2023: €28k€28kOperating result 2024: €15k€15kNet result 2024: €14k€14kOperating result 2025: €-11k€-11kNet result 2025: €-16k€-16k20212022202320242025
The operating result turns negative in 2025: a loss of €11k after €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets €1.27M▼ 1.7%
Current assets €37k▼ 35.5%
Equity and liabilities €1.31M
Equity €273k▼ 5.6%
Debt €1.04M▼ 2.5%
The debt ratio rises from 78.6% to 79.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48k
2024 · €53k
Cash flow
€43k
2024 · €52k
Solvency
20.8%
2024 · 21.4%
Current ratio
1.69
2024 · 0.07
Quick ratio
1.69
2024 · 0.07
Debt / equity
3.80
2024 · 3.68
ROE
-5.9%
2024 · 4.7%
ROA
-1.2%
2024 · 1.0%
Interest coverage
9.61
2024 · 191.34
Debt
€1.04M
2024 · €1.06M
Debt ≤ 1 year
€22k
2024 · €836k
Debt > 1 year
€1.01M
2024 · €225k
Income taxes
€171
2024 · €30
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€1.35M€1.31M
Fixed assets21/28€1.29M€1.27M
Tangible fixed assets22/27€1.29M€1.27M
Land and buildings22€1.27M€1.26M
Plant, machinery and equipment23€6k€3k
Furniture and vehicles24€19k€11k
Current assets29/58€57k€37k
Amounts receivable within one year40/41€8k€1k
Trade receivables40€2k€1k
Other amounts receivable41€6k€131
Cash at bank and in hand54/58€50k€36k
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.31M
Equity10/15€289k€273k
Contributions10/11€469k€469k=
Profit (loss) carried forward14€-180k€-196k
Amounts payable17/49€1.06M€1.04M
Amounts payable after more than one year17€225k€1.01M
Financial debts170/4€225k€1.01M
Amounts payable within one year42/48€836k€22k
Current portion of amounts payable after more than one year42-€8k
Trade debts44€226€1k
Suppliers440/4€226€1k
Taxes, remuneration and social security45-€94
Taxes450/3-€94
Other amounts payable47/48€836k€13k
Accrued charges and deferred income492/3€2k€2k=
Income statement Code20242025
Non-recurring operating income76A€20k€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€59k
Other operating charges640/8€16k€14k
Non-recurring operating charges66A€298€401
Gross operating margin9900€69k€63k
Operating profit (loss)9901€15k€-11k
Financial charges65/66B€1k€5k
Recurring financial charges65€278€5k
Non-recurring financial charges66B€899€289
Profit (loss) for the period before taxes9903€14k€-16k
Income taxes67/77€30€171
Profit (loss) for the period9904€14k€-16k
Profit (loss) for the period to be appropriated9905€14k€-16k
Appropriation of the result
Profit (loss) to be appropriated9906€-180k€-196k
Profit (loss) brought forward from the previous period14P€-193k€-180k

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Liquidity times 25current ratio 1.69
Current ratio from 0.07 to 1.69; short-term debt falls from €836k to €22k.
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
13-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
31-12
Financial Highest result since 2018net €41k ▲865%
Operating result €41k, net result €41k, both a record.
31-12
Financial Equity above €200kEq €308k ▲1649%
2 profitable years in a row build equity to €308k.
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
04-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-12
Financial Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
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.

Directors · office · real estate

Directors
4 acts for this company are 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, Sint-Niklaas · 1 establishment unit since 2004
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.

Vermorgenstraat 699100 Sint-Niklaas
Ground area
2,133 m²
Building footprint
1,719 m²
Volume, LiDAR
12,180 m³
2 parcels, Flanders · tallest building 22.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FEESTBURO
Kleine Breedstraat 20, 9100 Sint-NiklaasNACE 7020302
since 20042.136.726.787
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46442C0564/00V000 Flanders 1,846 m² 1 · 1,439 m² 22.3 m · 2 fl.
46447B0470/00Y005 Flanders 287 m² 1 · 280 m² 12.3 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 4,352 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded08-04-2004
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.