LeadProjects
ActiveSummary
LeadProjects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €17k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-1
Solvency76▲+32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 1.18 in 2024; short-term debt: 24.4% and cash: 7.8% of total assets), and 49.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.9%
Return on assets
15.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
28 d late
2023
77 d early
2022
39 d early
2021
47 d early
2020
13 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▲ 44.1%
2024 · €39k
2020: €15klowest in 6 years
2021: €37k▲ +143% vs 2020
2022: €55k▲ +49.7% vs 2021
2023: €86k▲ +57.5% vs 2022highest in 6 years
2024: €39k▼ -55.4% vs 2023
2025: €56k▲ +44.1% vs 2024
2020 → 2025
Total assets
€109k▼ 45.6%
2024 · €201k
2020: €54klowest in 6 years
2021: €74k▲ +38.9% vs 2020
2022: €86k▲ +15.2% vs 2021
2023: €116k▲ +35.7% vs 2022
2024: €201k▲ +72.2% vs 2023highest in 6 years
2025: €109k▼ -45.6% vs 2024
2020 → 2025
Net result
€17k▼ 48.3%
2024 · €33k
2020: €9klowest in 6 years
2021: €24k▲ +172% vs 2020
2022: €18k▼ -24.4% vs 2021
2023: €32k▲ +73.1% vs 2022
2024: €33k▲ +4.3% vs 2023highest in 6 years
2025: €17k▼ -48.3% vs 2024
2020 → 2025
Working capital
€37k▲ 62.7%
2024 · €23k
2020: €6klowest in 6 years
2021: €29k▲ +368% vs 2020
2022: €47k▲ +61.7% vs 2021
2023: €82k▲ +73.2% vs 2022highest in 6 years
2024: €23k▼ -72.2% vs 2023
2025: €37k▲ +62.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€55k▲ 49.7%€86k▲ 57.5%€39k▼ 55.4%€56k▲ 44.1%
2021: €37klowest in 5 years
2022: €55k▲ +49.7% vs 2021
2023: €86k▲ +57.5% vs 2022highest in 5 years
2024: €39k▼ -55.4% vs 2023
2025: €56k▲ +44.1% vs 2024
Operating result€32k-€25k▼ 21.2%€43k▲ 70.2%€44k▲ 3.1%€20k▼ 54.0%
2021: €32k
2022: €25k▼ -21.2% vs 2021
2023: €43k▲ +70.2% vs 2022
2024: €44k▲ +3.1% vs 2023highest in 5 years
2025: €20k▼ -54.0% vs 2024lowest in 5 years
Net result€24k-€18k▼ 24.4%€32k▲ 73.1%€33k▲ 4.3%€17k▼ 48.3%
2021: €24k
2022: €18k▼ -24.4% vs 2021
2023: €32k▲ +73.1% vs 2022
2024: €33k▲ +4.3% vs 2023highest in 5 years
2025: €17k▼ -48.3% vs 2024lowest in 5 years
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 2025; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€45k ▼ 12.2%
Current assets
€64k ▼ 57.2%
Equity and liabilities €109k
Equity
€56k ▲ 44.1%
Debt
€54k ▼ 66.9%
Debt's share of the balance-sheet total falls from 80.8% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▼
2024 · €47k
Cash flow
€28k▼
2024 · €36k
Current ratio
2.40▲
2024 · 1.18
Debt to equity
0.97▼
2024 · 4.21
ROE
30.6%▼
2024 · 85.3%
ROA
15.6%▼
2024 · 16.4%
Interest coverage
62.27▼
2024 · 129.44
Debt ≤ 1 year
€27k▼
2024 · €126k
Debt > 1 year
€27k▼
2024 · €36k
Income taxes
€5k▼
2024 · €13k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€201k€109k▼
Fixed assets21/28€52k€45k▼
Tangible fixed assets22/27€52k€45k▼
Furniture and vehicles24€157€2k▲
Leasing and similar rights25€45k€36k▼
Other tangible fixed assets26€6k€8k▲
Current assets29/58€149k€64k▼
Amounts receivable within one year40/41€71k€52k▼
Trade receivables40€4k€39k▲
Other amounts receivable41€66k€13k▼
Cash at bank and in hand54/58€76k€9k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€201k€109k▼
Equity10/15€39k€56k▲
Contributions10/11€19k€19k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€5k€22k▲
Amounts payable17/49€162k€54k▼
Amounts payable after more than one year17€36k€27k▼
Financial debts170/4€36k€27k▼
Amounts payable within one year42/48€126k€27k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€8k€7k▼
Suppliers440/4€8k€7k▼
Taxes, remuneration and social security45€16k€11k▼
Taxes450/3€16k€11k▼
Other amounts payable47/48€93k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€11k▲
Other operating charges640/8€1k€727▼
Gross operating margin9900€49k€32k▼
Operating profit (loss)9901€44k€20k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€365€502▲
Recurring financial charges65€365€502▲
Profit (loss) for the period before taxes9903€46k€22k▼
Income taxes67/77€13k€5k▼
Profit (loss) for the period9904€33k€17k▼
Profit (loss) for the period to be appropriated9905€33k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€22k▼
Profit (loss) brought forward from the previous period14P€65k€5k▼
Profit to be distributed694/7€93k-
Return on contributions (dividend)694€93k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €8k | €3k | €11k | ▲ 255% |
| Other operating charges640/8 | - | €398 | €2k | €1k | €727 | ▼ 49.9% |
| Gross operating margin9900 | €42k | €34k | €53k | €49k | €32k | ▼ 34.3% |
| Operating profit (loss)9901 | €32k | €25k | €43k | €44k | €20k | ▼ 54.0% |
| Financial income75/76B | - | €0 | €199 | €2k | €2k | ▲ 26.1% |
| Recurring financial income75 | €0 | €0 | €199 | €2k | €2k | ▲ 26.1% |
| Financial charges65/66B | - | €284 | €429 | €365 | €502 | ▲ 37.5% |
| Recurring financial charges65 | €314 | €284 | €429 | €365 | €502 | ▲ 37.5% |
| Profit (loss) for the period before taxes9903 | €32k | €25k | €43k | €46k | €22k | ▼ 51.3% |
| Income taxes67/77 | €8k | €7k | €11k | €13k | €5k | ▼ 59.0% |
| Profit (loss) for the period9904 | €24k | €18k | €32k | €33k | €17k | ▼ 48.3% |
| Profit (loss) for the period to be appropriated9905 | €24k | €18k | €32k | €33k | €17k | ▼ 48.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €86k | €116k | €201k | €109k | ▼ 45.6% |
| Fixed assets21/28 | €19k | €12k | €4k | €52k | €45k | ▼ 12.2% |
| Tangible fixed assets22/27 | €19k | €12k | €4k | €52k | €45k | ▼ 12.2% |
| Furniture and vehicles24 | - | €12k | €4k | €157 | €2k | ▲ 884% |
| Leasing and similar rights25 | - | - | - | €45k | €36k | ▼ 21.0% |
| Other tangible fixed assets26 | - | - | - | €6k | €8k | ▲ 30.9% |
| Assets under construction and advance payments27 | - | - | €228 | - | - | - |
| Current assets29/58 | €55k | €74k | €112k | €149k | €64k | ▼ 57.2% |
| Amounts receivable within one year40/41 | €13k | €12k | €19k | €71k | €52k | ▼ 26.6% |
| Trade receivables40 | - | €12k | €13k | €4k | €39k | ▲ 843% |
| Other amounts receivable41 | - | - | €6k | €66k | €13k | ▼ 80.2% |
| Cash at bank and in hand54/58 | €41k | €61k | €92k | €76k | €9k | ▼ 88.8% |
| Deferred charges and accrued income490/1 | - | €847 | €1k | €2k | €3k | ▲ 63.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €86k | €116k | €201k | €109k | ▼ 45.6% |
| Equity10/15 | €37k | €55k | €86k | €39k | €56k | ▲ 44.1% |
| Contributions10/11 | - | €6k | €6k | €19k | €19k | = |
| Reserves13 | €15k | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | - | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €15k | €34k | €65k | €5k | €22k | ▲ 341% |
| Amounts payable17/49 | €38k | €31k | €30k | €162k | €54k | ▼ 66.9% |
| Amounts payable after more than one year17 | €12k | €4k | - | €36k | €27k | ▼ 24.9% |
| Financial debts170/4 | - | €4k | - | €36k | €27k | ▼ 24.9% |
| Amounts payable within one year42/48 | €26k | €27k | €30k | €126k | €27k | ▼ 78.9% |
| Current portion of amounts payable after more than one year42 | - | €8k | €4k | €9k | €9k | ▲ 1.0% |
| Trade debts44 | €265 | €4k | €7k | €8k | €7k | ▼ 14.9% |
| Suppliers440/4 | - | €4k | €7k | €8k | €7k | ▼ 14.9% |
| Taxes, remuneration and social security45 | - | €12k | €19k | €16k | €11k | ▼ 32.5% |
| Taxes450/3 | - | €12k | €17k | €16k | €11k | ▼ 32.5% |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | - | €3k | - | €93k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €18k | €32k | €33k | €17k | ▼ 48.3% |
| + Depreciation and write-downs630 | €9k | €8k | €8k | €3k | €11k | ▲ 255% |
| Operating cash flow (approximation) | €33k | €27k | €40k | €36k | €28k | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €-784 | €-597 | €-51k | €-5k | ▲ 90.8% |
| Change in cash | - | €20k | €31k | €-16k | €-68k | ▼ 323% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity doublescurrent ratio 2.40
Current ratio from 1.18 to 2.40; short-term debt falls from €126k to €27k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Highest result since 2020net €33k ▲4.3%
Operating result €44k, net result €33k, both a record.
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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 2019
Ground area
2,393 m²
Building footprint
120 m²
Volume, LiDAR
808 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LeadProjects
since 20192.289.080.828
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135F0232/00F000 | Wallonia | 1,323 m² | - | - |
| 92136B0424/00C000 | Wallonia | 1,071 m² | 1 · 120 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,606 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.