LDC Project
ActiveSummary
The computed 12-month bankruptcy probability of LDC Project is 2.8% (moderate). The 2024 annual accounts show equity of €60k and a net result of €7k. Equity is growing by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-23
Solvency58▲+4
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.92 in 2023; short-term debt: 54.2% and cash: 17.9% of total assets), and 67.3% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.7%
Return on assets
3.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
66 d late
2022
92 d late
2021
47 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 13.5%
2023 · €53k
2021: €15k
2022: €11k
2023: €53k
2021 → 2024
Total assets
€185k▼ 0.7%
2023 · €186k
2021: €187k
2022: €293k
2023: €186k
2021 → 2024
Net result
€7k▼ 82.8%
2023 · €42k
2021: €10k
2022: €-4k
2023: €42k
2021 → 2024
Working capital
€4k
2023 · €-8k
2021: €-102k
2022: €-84k
2023: €-8k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€15k-€11k▼ 23.9%€53k▲ 367%€60k▲ 13.5%
Operating result€14k-€-1k€60k€14k▼ 76.9%
Net result€10k-€-4k€42k€7k▼ 82.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184k
Fixed assets
€80k ▼ 15.3%
Current assets
€104k ▲ 15.2%
Equity and liabilities €185k
Equity
€60k ▲ 13.5%
Debt
€124k ▼ 6.4%
Debt's share of the balance-sheet total falls from 71.4% to 67.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2023 · €75k
Cash flow
€22k▼
2023 · €56k
Current ratio
1.04▲
2023 · 0.92
Quick ratio
0.72▲
2023 · 0.62
Debt to equity
2.06▼
2023 · 2.50
ROE
11.9%▼
2023 · 78.6%
ROA
3.9%▼
2023 · 22.5%
Interest coverage
6.48▼
2023 · 16.18
Debt ≤ 1 year
€100k▲
2023 · €99k
Debt > 1 year
€24k▼
2023 · €34k
Income taxes
€3k▼
2023 · €14k
Staff costs
€81k▼
2023 · €99k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€186k€185k▼
Formation expenses20€1k€618▼
Fixed assets21/28€94k€80k▼
Intangible fixed assets21€86k€74k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€175€175=
Current assets29/58€90k€104k▲
Stocks and contracts in progress3€29k€32k▲
Stocks30/36€29k€30k▲
Contracts in progress37-€2k
Amounts receivable within one year40/41€40k€37k▼
Trade receivables40€39k€31k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€19k€33k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€186k€185k▼
Equity10/15€53k€60k▲
Contributions10/11€5k€5k=
Reserves13€48k€55k▲
Distributable reserves133€48k€55k▲
Profit (loss) carried forward14€130€312▲
Amounts payable17/49€133k€124k▼
Amounts payable after more than one year17€34k€24k▼
Financial debts170/4€34k€24k▼
Amounts payable within one year42/48€99k€100k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Financial debts43-€16k
Credit institutions430/8-€16k
Trade debts44€29k€18k▼
Suppliers440/4€29k€18k▼
Advances received on contracts in progress46€1k-
Taxes, remuneration and social security45€23k€27k▲
Taxes450/3€14k€14k▲
Remuneration and social security454/9€10k€13k▲
Other amounts payable47/48€36k€29k▼
Income statement
Code20232024
Remuneration, social security and pensions62€99k€81k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€177k€112k▼
Operating profit (loss)9901€60k€14k▼
Financial income75/76B-€499
Recurring financial income75-€499
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€55k€10k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€42k€7k▼
Profit (loss) for the period to be appropriated9905€42k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€7k▼
Profit (loss) brought forward from the previous period14P€379€130▼
Transfer to equity691/2€42k€7k▼
To other reserves6921€42k€7k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet €-4k ▼136%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Namur · 1 establishment unit since 2021
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.
Rue du Chepson(ML) 225020 NamurGround area
2,943 m²
Building footprint
300 m²
Volume, LiDAR
2,113 m³
Parcel 92082A0438/00R000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LDC PROJECT
since 20212.312.578.384
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082A0438/00R000 | Wallonia | 2,943 m² | 1 · 300 m² | 9.6 m · 2 fl. |
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.
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BILLIAU SECURITY
BE 0884.012.567
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INVEST TECHNOLOGIE
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BRI-SOLAR
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ludovic.decock@gmail.com
Phone:0477724863