Summary
L2D is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €41.58M and a net result of €4.46M. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 2394 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
71 d early
2024
48 d early
2023
63 d early
2022
46 d early
2021
58 d early
2020
46 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€41.58M▲ 12.0%
2024 · €37.12M
2018: €31.58M
2020: €30.76M
2021: €32.27M
2022: €37.29M
2023: €37.37M
2024: €37.12M
2018 → 2025
Net result
€4.46M
2024 · €-258k
2018: €4.45M
2020: €-469k
2021: €1.51M
2022: €5.02M
2023: €87k
2024: €-258k
2018 → 2025
Total assets
€63.52M▲ 4.2%
2024 · €60.94M
2018: €51.35M
2020: €61.43M
2021: €61.09M
2022: €67.07M
2023: €61.17M
2024: €60.94M
2018 → 2025
Solvency
65.5%▲ 4.6pp
2024 · 60.9%
2018: 61.5%
2020: 50.1%
2021: 52.8%
2022: 55.6%
2023: 61.1%
2024: 60.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€165k-€165k=€107k▼ 35.1%€105k▼ 1.9%€60k▼ 42.9%
Equity€32.27M-€37.29M▲ 15.6%€37.37M▲ 0.2%€37.12M▼ 0.7%€41.58M▲ 12.0%
Operating result€3.00M-€3.51M▲ 17.1%€-947k€-327k▲ 65.5%€-159k▲ 51.3%
Net result€1.51M-€5.02M▲ 233%€87k▼ 98.3%€-258k€4.46M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €159k in 2025 against €327k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63.52M
Fixed assets
€60.05M ▼ 0.1%
Current assets
€3.47M ▲ 316%
Equity and liabilities €63.52M
Equity
€41.58M ▲ 12.0%
Debt
€21.94M ▼ 7.9%
Debt's share of the balance-sheet total falls from 39.1% to 34.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.7%▲
2024 · -0.7%
ROA
7.0%▲
2024 · -0.4%
Debt ≤ 1 year
€17.20M▲
2024 · €15.76M
Debt > 1 year
€4.66M▼
2024 · €7.96M
Income taxes
€1k▼
2024 · €1k
Staff costs
€1.40M▲
2024 · €1.37M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€60.94M€63.52M▲
Fixed assets21/28€60.10M€60.05M▼
Tangible fixed assets22/27€122k€73k▼
Furniture and vehicles24€244-
Leasing and similar rights25€122k€73k▼
Financial fixed assets28€59.98M€59.98M=
Affiliated companies280/1€59.98M€59.98M=
Participating interests280€59.98M€59.98M=
Current assets29/58€834k€3.47M▲
Amounts receivable within one year40/41€783k€3.39M▲
Trade receivables40€783k€609k▼
Other amounts receivable41-€2.78M
Cash at bank and in hand54/58€35k€65k▲
Deferred charges and accrued income490/1€15k€15k▲
Equity and liabilities
Total equity and liabilities10/49€60.94M€63.52M▲
Equity10/15€37.12M€41.58M▲
Contributions10/11€28.52M€28.52M=
Capital10€28.52M€28.52M=
Issued capital100€28.52M€28.52M=
Outside capital11€95€95=
Share premium1100/10€95€95=
Reserves13€484k€707k▲
Non-distributable reserves130/1€484k€707k▲
Legal reserve130€484k€707k▲
Distributable reserves133€0€0=
Profit (loss) carried forward14€8.12M€12.36M▲
Amounts payable17/49€23.82M€21.94M▼
Amounts payable after more than one year17€7.96M€4.66M▼
Financial debts170/4€7.96M€4.66M▼
Leasing and similar obligations172€76k€43k▼
Credit institutions173€7.89M€4.62M▼
Amounts payable within one year42/48€15.76M€17.20M▲
Current portion of amounts payable after more than one year42€3.32M€3.30M▼
Financial debts43€2.00M€2.00M=
Credit institutions430/8€2.00M€2.00M=
Trade debts44€267k€339k▲
Suppliers440/4€267k€339k▲
Taxes, remuneration and social security45€270k€219k▼
Taxes450/3€52k€49k▼
Remuneration and social security454/9€218k€169k▼
Other amounts payable47/48€9.91M€11.34M▲
Accrued charges and deferred income492/3€92k€80k▼
Income statement
Code20242025
Operating income70/76A€3.85M€3.74M▼
Turnover70€105k€60k▼
Other operating income74€3.28M€3.15M▼
Non-recurring operating income76A€470k€531k▲
Operating charges60/66A€4.18M€3.90M▼
Services and other goods61€1.69M€1.57M▼
Remuneration, social security and pensions62€1.37M€1.40M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€40k▼
Other operating charges640/8€8k€6k▼
Non-recurring operating charges66A€1.06M€892k▼
Operating profit (loss)9901€-327k€-159k▲
Financial income75/76B€1.24M€5.65M▲
Recurring financial income75€1.24M€5.65M▲
Income from financial fixed assets750€1.24M€5.51M▲
Income from current assets751-€136k
Other financial income752/9-€43
Financial charges65/66B€1.17M€1.03M▼
Recurring financial charges65€1.17M€1.03M▼
Debt charges650€1.17M€1.02M▼
Other financial charges652/9€2k€3k▲
Profit (loss) for the period before taxes9903€-256k€4.47M▲
Income taxes67/77€1k€1k▼
Taxes670/3€1k€1k▼
Profit (loss) for the period9904€-258k€4.46M▲
Profit (loss) for the period to be appropriated9905€-258k€4.46M▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.12M€12.58M▲
Profit (loss) brought forward from the previous period14P€8.37M€8.12M▼
Transfer to equity691/2-€223k
To the legal reserve6920-€223k
Social balance
Average headcount (FTE)908715.615.5▼
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
State Gazette act
Resignation: ZENDICS BV (director)Permanent representative: Willem DE VOS3 facts ▸
State Gazette act
Resignation: ZENDICS BV (director)
Permanent representative: Willem DE VOS3 facts ▸
- Board meeting, 25/06/2026
- Director resignation, ZENDICS BV (director)
- Permanent representative, Willem DE VOS
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €4.46M
Net result €4.46M after one loss-making year.
15-07
State Gazette act
Resignations: Aeneas Management Consulting FZCO, JLMV BV and 2 othersAppointments: Luc BLOMMAERT (director) and Whiteout Ventures BV (director) · Power of attorney15 facts ▸
State Gazette act
Resignations: Aeneas Management Consulting FZCO, JLMV BV and 2 others
Appointments: Luc BLOMMAERT (director) and Whiteout Ventures BV (director) · Power of attorney15 facts ▸
- General meeting, 01-07-2025
- Director resignation, Aeneas Management Consulting FZCO (director)
- Director appointment, Luc BLOMMAERT (director)
- Director resignation, JLMV BV (director)
- Director resignation, CROP CONSTRUCTIE MEULEBEKE NV (director)
- Director resignation, De Boe Lode BV (director)
- Director appointment, Whiteout Ventures BV (director)
- Board composition, Luc BLOMMAERT (director)
- Board composition, Edward COLLE (director)
- Board composition, ZENDICS BV (director)
- Board composition, Whiteout Ventures BV (director)
- Board meeting, 01-07-2025
- +3 further facts in this act
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
State Gazette act
Resignation: Stefaan Colle (director)Appointment: Edward Colle (director) · Reappointment: EY BEDRIJFSREVISOREN BV (statutory auditor) · Permanent representative: Brecht Deketele5 facts ▸
State Gazette act
Resignation: Stefaan Colle (director)
Appointment: Edward Colle (director) · Reappointment: EY BEDRIJFSREVISOREN BV (statutory auditor) · Permanent representative: Brecht Deketele5 facts ▸
- General meeting, 17-05-2024
- Director resignation, Stefaan Colle (director)
- Director appointment, Edward Colle (director)
- Auditor reappointment, EY BEDRIJFSREVISOREN BV
- Permanent representative, Brecht Deketele
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
07-03
State Gazette act
Permanent representative: Brecht DeketeleAccounting effect3 facts ▸
State Gazette act
Permanent representative: Brecht Deketele
Accounting effect3 facts ▸
- Board meeting, 26-01-2024
- Permanent representative, Brecht Deketele
- Accounting effect, 31-12-2023
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-05
State Gazette act
Resignation: Dirk Dees (director)Appointment: ZENDICS BV (director) · Permanent representatives: Willem De Vos, Joseph Lano and 3 others14 facts ▸
State Gazette act
Resignation: Dirk Dees (director)
Appointment: ZENDICS BV (director) · Permanent representatives: Willem De Vos, Joseph Lano and 3 others14 facts ▸
- General meeting, 28-04-2023
- Director resignation, Dirk Dees (director)
- Director appointment, ZENDICS BV (director)
- Permanent representative, Willem De Vos
- Board composition, JLMV BV (director)
- Permanent representative, Joseph Lano
- Board composition, C.C.M. NV (director)
- Permanent representative, Mireille Lanneau
- Board composition, DE BOE LODE BV (director)
- Permanent representative, Lode De Boe
- Board composition, Aeneas Management Consultants - FZCO (director)
- Permanent representative, Luc Blommaert
- +2 further facts in this act
21-02
State Gazette act
Resignations: QDC-GOVERNANCE BV, STECRI BV and HE3M BVAppointments: Stefaan Colle, Aeneas Management Consultants - FZCO and Dirk Dees · Reappointments: JLMV BV (director) and C.C.M. NV (director) · Mandate compensation25 facts ▸
State Gazette act
Resignations: QDC-GOVERNANCE BV, STECRI BV and HE3M BV
Appointments: Stefaan Colle, Aeneas Management Consultants - FZCO and Dirk Dees · Reappointments: JLMV BV (director) and C.C.M. NV (director) · Mandate compensation25 facts ▸
- Board meeting, 30-09-2022
- Director resignation, QDC-GOVERNANCE BV (director and chair)
- Director appointment, Stefaan Colle (chair)
- Mandate compensation, Stefaan Colle
- General meeting, 30-09-2022
- Director resignation, STECRI BV (director)
- Director resignation, QDC-GOVERNANCE BV (director)
- Director resignation, HE3M BV (director)
- Director discharge, STECRI BV
- Director discharge, QDC-GOVERNANCE BV
- Director discharge, HE3M BV
- Director appointment, Aeneas Management Consultants - FZCO (director)
- +13 further facts in this act
2022
31-12
Financial
Highest result since 2018net €5.02M ▲233%
Operating result €3.51M, net result €5.02M, both a record.
Show earlier events
25-07
State Gazette act
Reappointments: CCM-BE, STECRI-BE and 3 othersPermanent representatives: LANNEAU Mireille, DECLERCK Stéfaan and 3 others11 facts ▸
State Gazette act
Reappointments: CCM-BE, STECRI-BE and 3 others
Permanent representatives: LANNEAU Mireille, DECLERCK Stéfaan and 3 others11 facts ▸
- General meeting, 20-05-2022
- Director reappointment, CCM-BE (director)
- Permanent representative, LANNEAU Mireille
- Director reappointment, STECRI-BE (director)
- Permanent representative, DECLERCK Stéfaan
- Director reappointment, HEZM (director)
- Permanent representative, DELBOO Mark
- Director reappointment, QDC-GOVERNANCE (director)
- Permanent representative, CLARYSSE Dirk
- Director reappointment, JLMV (director)
- Permanent representative, LANO Joseph
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2021
31-12
Financial
Back to profitnet €1.51M
Net result €1.51M after one loss-making year.
02-07
State Gazette act
Reappointment: EY BEDRIJFSREVISOREN BV (statutory auditor)Permanent representatives: DEFOER Marleen, Lode De Boe and Dirk Clarysse · Appointments: De Boe Lode BV (director) and QDC - Governance BV (chair)9 facts ▸
State Gazette act
Reappointment: EY BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representatives: DEFOER Marleen, Lode De Boe and Dirk Clarysse · Appointments: De Boe Lode BV (director) and QDC - Governance BV (chair)9 facts ▸
- General meeting, 21-05-2021
- Auditor reappointment, EY BEDRIJFSREVISOREN BV (statutory auditor)
- Permanent representative, DEFOER Marleen
- General meeting, 03-07-2020
- Director appointment, De Boe Lode BV (director)
- Permanent representative, Lode De Boe
- Board meeting, 03-07-2020
- Director appointment, QDC - Governance BV (chair)
- Permanent representative, Dirk Clarysse
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-469k
Net result drops to €-469k, the lowest in the series; recovery starts the following year.
17-07
State Gazette act
Resignation: Pivake GCV (director)Director discharge3 facts ▸
State Gazette act
Resignation: Pivake GCV (director)
Director discharge3 facts ▸
- General meeting, 13-12-2019
- Director resignation, Pivake GCV (director)
- Director discharge, Pivake GCV
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-08
State Gazette act
RestructuringDemerger · Share transfer · Accounting effect13 facts ▸
State Gazette act
Restructuring
Demerger · Share transfer · Accounting effect13 facts ▸
- General meeting, 17-07-2019
- Demerger, 17-07-2019
- Share transfer, IMDECO → L2D
- Accounting effect, 01-01-2019
- Capital decrease, €8.454.415,77
- Capital increase, €70,53
- Capital, €28.517.196,53
- Statutes amendment
- Inbreng in natura, 20947361.98, EUR
- Debt transfer, schulden in rekening-courant
- Share distribution, 3
- Joint liability, hoofdelijk gehouden tot de betaling van de zekere en opeisbare schulden die bestaan op het ogenblik van de openbaarmaking van de gerealiseerde splitsing
- +1 further facts in this act
11-06
State Gazette act
RestructuringPermanent representatives: Joseph Lano, Mireille Lanneau and 4 others · Demerger · Capital20 facts ▸
State Gazette act
Restructuring
Permanent representatives: Joseph Lano, Mireille Lanneau and 4 others · Demerger · Capital20 facts ▸
- Board meeting, 27-05-2019
- Demerger, partielle splitsing door overneming
- Capital, €8.914.396,96
- Permanent representative, Joseph Lano (director and managing director)
- Permanent representative, Mireille Lanneau (director)
- Permanent representative, Stefaan Declerck (director)
- Capital, €28.517.126
- Permanent representative, Joseph Lano (director and managing director)
- Permanent representative, Mireille Lanneau (director)
- Permanent representative, Stefaan Declerck (director)
- Permanent representative, Pierre Van Keirsbilck (director)
- Permanent representative, Mark Delboo (director)
- +8 further facts in this act
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
State Gazette act
Appointment: Ernst & Young Assurance Services BV Cvba (statutory auditor)Permanent representative: Joseph Lano · Name change4 facts ▸
State Gazette act
Appointment: Ernst & Young Assurance Services BV Cvba (statutory auditor)
Permanent representative: Joseph Lano · Name change4 facts ▸
- General meeting, 18-05-2018
- Auditor appointment, Ernst & Young Assurance Services BV Cvba (statutory auditor)
- Name change, HE3M bvba
- Permanent representative, Joseph Lano
23-03
State Gazette act
Permanent representative: Joseph LanoPower of attorney3 facts ▸
State Gazette act
Permanent representative: Joseph Lano
Power of attorney3 facts ▸
- Board meeting, 23-02-2018
- Power of attorney, Karel Lagast
- Permanent representative, Joseph Lano
2016
18-10
State Gazette act
Appointments: Pivake Comm. Va, Mark Delboo bvba and 2 othersPermanent representatives: Pierre Van Keirsbilck, Mark Delboo and 2 others9 facts ▸
State Gazette act
Appointments: Pivake Comm. Va, Mark Delboo bvba and 2 others
Permanent representatives: Pierre Van Keirsbilck, Mark Delboo and 2 others9 facts ▸
- General meeting, 23-09-2016
- Director appointment, Pivake Comm. Va (director)
- Permanent representative, Pierre Van Keirsbilck
- Director appointment, Mark Delboo bvba (director)
- Permanent representative, Mark Delboo
- Director appointment, QDC-Governance bvba (director)
- Permanent representative, Dirk Clarysse
- Permanent representative, Joseph Lano
- Director appointment, JLMV bvba (managing director)
11-07
State Gazette act
Miscellaneous
27-05
State Gazette act
IncorporationAppointments: JLMV bvba, C.C.M. nv and STECRI bvba · Permanent representatives: Joseph Lano, Mireille Lanneau and Stefaan Declerck · Founding capital9 facts ▸
State Gazette act
Incorporation
Appointments: JLMV bvba, C.C.M. nv and STECRI bvba · Permanent representatives: Joseph Lano, Mireille Lanneau and Stefaan Declerck · Founding capital9 facts ▸
- Incorporation, 19-05-2016
- Founding capital, €28.517.126
- Director appointment, JLMV bvba (director)
- Permanent representative, Joseph Lano
- Director appointment, C.C.M. nv (director)
- Permanent representative, Mireille Lanneau
- Director appointment, STECRI bvba (director)
- Permanent representative, Stefaan Declerck
- Director appointment, JLMV bvba (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 directors, last change in 2026
Whiteout Ventures
CurrentDirector · since 01-07-2025 · Private limited company
Luc BLOMMAERT
CurrentDay-to-day manager · since 16-05-2025
Edward Colle
CurrentDirector · since 18-04-2024
Aeneas Management Consultants - FZCO
CurrentDirector · since 30-09-2022 · Legal entity
C.C.M. NV
CurrentDirector · since 30-09-2022 · Legal entity
JLMV BV
CurrentDirector · since 30-09-2022 · Legal entity
1 other director
JLMV bvba
Not recently confirmedManaging director · since 23-09-2016 · Legal entity · perm. rep.: Joseph Lano
30-06-2026
ZENDICS: Resigned as Director
01-07-2025
Whiteout Ventures: Appointed as Director
01-07-2025
Luc BLOMMAERT: Appointed as Day-to-day manager
06-06-2025
CROP CONSTRUCTIE MEULEBEKE: Resigned as Director
06-06-2025
De Boe Lode: Resigned as Director
Not every act has been read: a resignation may be missing here
1 of this company's 17 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2016
Ground area
11.5 ha
Building footprint
8.1 ha
Parcel 34322B0513/00D000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
L2D nv
since 20162.292.343.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0513/00D000 | Flanders | 11.5 ha | 1 · 8.1 ha | - |
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.
Statutory auditor
1 auditor| Ernst et Young Reviseurs d'EntreprisesCurrent Auditor · represented by Brecht Deketele | 21-05-2021 → present |
Show 1 earlier auditors
| ERNST & YOUNG ASSURANCE SERVICES Statutory auditor succeeded by Ernst et Young Reviseurs d'Entreprises in 2021 | 18-05-2018 → 21-05-2021 |
Articles of association
Purpose
I. Algemene activiteiten. A/ Het verwerven van participaties, in eender welke vorm ook
Full purpose
I. Algemene activiteiten. A/ Het verwerven van participaties, in eender welke vorm ook...
Structure & network
Connections & network
13 connected companiesLinked via shared directors
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Ownership & control
2 board mandatesAcquisitions and mergers
1 transactionReceived in a demerger part of:IMDECO
Capital and shareholders
Capital over the years
- 06-08-2019 Capital increase of 70.53 EUR · to 28,517,196.53 EUR · 3 new shares
- 11-06-2019 Capital increase of 70.53 EUR · to 28,517,196.53 EUR
- 27-05-2016 Incorporation · 28,517,126 EUR · 179,794 shares
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Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 16 actsNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.