LeoMatrix Projects
ActiveSummary
The computed 12-month bankruptcy probability of LeoMatrix Projects is 3.7% (moderate). The 2024 annual accounts show equity of €6k and a net result of €-402. Its solvency ranks better than 23% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-44
Solvency41▼-59
Growth32
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.82 against 4.48 in 2023; short-term debt: 59.3% and cash: 2.6% of total assets), and 84% 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.
+raises risk
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
16%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€6k▼ 6.2%
2023 · €7k
2023: €7k
2024: €6k▼ -6.2% vs 2023
2023 → 2024
Total assets
€38k▲ 355%
2023 · €8k
2023: €8k
2024: €38k▲ +355% vs 2023
2023 → 2024
Net result
€-402
2023 · €5k
2023: €5k
2024: €-402▼ -109% vs 2023
2023 → 2024
Working capital
€-4k
2023 · €7k
2023: €7k
2024: €-4k▼ -163% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€7k-€6k▼ 6.2%
2023: €7k
2024: €6k▼ -6.2% vs 2023
Operating result€6k-€-3
2023: €6k
2024: €-3▼ -100% vs 2023
Net result€5k-€-402
2023: €5k
2024: €-402▼ -109% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3 after €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€20k
Current assets
€19k
Equity and liabilities €38k
Equity
€6k ▼ 6.2%
Debt
€32k ▲ 1,610%
Debt's share of the balance-sheet total rises from 22.3% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k
Cash flow
€968
Current ratio
0.82▼
2023 · 4.48
Debt to equity
5.24▲
2023 · 0.29
ROE
-6.6%▼
2023 · 69.3%
ROA
-1.1%▼
2023 · 53.8%
Interest coverage
4.66
Debt ≤ 1 year
€23k▲
2023 · €2k
Debt > 1 year
€9k
Income taxes
€105▼
2023 · €2k
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8k€38k▲
Fixed assets21/28-€20k
Tangible fixed assets22/27-€20k
Furniture and vehicles24-€1k
Leasing and similar rights25-€19k
Current assets29/58€8k€19k▲
Amounts receivable within one year40/41€8k€16k▲
Trade receivables40€494€13k▲
Other amounts receivable41€8k€3k▼
Cash at bank and in hand54/58€136€1k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€8k€38k▲
Equity10/15€7k€6k▼
Contributions10/11€2k€2k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14-€-402
Amounts payable17/49€2k€32k▲
Amounts payable after more than one year17-€9k
Financial debts170/4-€9k
Amounts payable within one year42/48€2k€23k▲
Current portion of amounts payable after more than one year42-€2k
Trade debts44€295€9k▲
Suppliers440/4€295€9k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48-€10k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€428€663▲
Gross operating margin9900€6k€2k▼
Operating profit (loss)9901€6k€-3▼
Financial income75/76B€159-
Recurring financial income75€159-
Financial charges65/66B€41€293▲
Recurring financial charges65€41€293▲
Profit (loss) for the period before taxes9903€6k€-297▼
Income taxes67/77€2k€105▼
Profit (loss) for the period9904€5k€-402▼
Profit (loss) for the period to be appropriated9905€5k€-402▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-402▼
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | - |
| Other operating charges640/8 | €428 | €663 | ▲ 54.8% |
| Gross operating margin9900 | €6k | €2k | ▼ 68.1% |
| Operating profit (loss)9901 | €6k | €-3 | ▼ 100% |
| Financial income75/76B | €159 | - | - |
| Recurring financial income75 | €159 | - | - |
| Financial charges65/66B | €41 | €293 | ▲ 607% |
| Recurring financial charges65 | €41 | €293 | ▲ 607% |
| Profit (loss) for the period before taxes9903 | €6k | €-297 | ▼ 105% |
| Income taxes67/77 | €2k | €105 | ▼ 93.1% |
| Profit (loss) for the period9904 | €5k | €-402 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-402 | ▼ 109% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €8k | €38k | ▲ 355% |
| Fixed assets21/28 | - | €20k | - |
| Tangible fixed assets22/27 | - | €20k | - |
| Furniture and vehicles24 | - | €1k | - |
| Leasing and similar rights25 | - | €19k | - |
| Current assets29/58 | €8k | €19k | ▲ 121% |
| Amounts receivable within one year40/41 | €8k | €16k | ▲ 89.0% |
| Trade receivables40 | €494 | €13k | ▲ 2,480% |
| Other amounts receivable41 | €8k | €3k | ▼ 63.1% |
| Cash at bank and in hand54/58 | €136 | €1k | ▲ 638% |
| Deferred charges and accrued income490/1 | - | €2k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €8k | €38k | ▲ 355% |
| Equity10/15 | €7k | €6k | ▼ 6.2% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €5k | €5k | = |
| Distributable reserves133 | €5k | €5k | = |
| Profit (loss) carried forward14 | - | €-402 | - |
| Amounts payable17/49 | €2k | €32k | ▲ 1,610% |
| Amounts payable after more than one year17 | - | €9k | - |
| Financial debts170/4 | - | €9k | - |
| Amounts payable within one year42/48 | €2k | €23k | ▲ 1,107% |
| Current portion of amounts payable after more than one year42 | - | €2k | - |
| Trade debts44 | €295 | €9k | ▲ 2,803% |
| Suppliers440/4 | €295 | €9k | ▲ 2,803% |
| Taxes, remuneration and social security45 | €2k | €2k | ▲ 6.7% |
| Taxes450/3 | €2k | €2k | ▲ 6.7% |
| Other amounts payable47/48 | - | €10k | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-402 | ▼ 109% |
| + Depreciation and write-downs630 | - | €1k | - |
| Operating cash flow (approximation) | €5k | €968 | ▼ 78.6% |
| Change in cash | - | €867 | - |
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
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2023
Ground area
252 m²
Building footprint
227 m²
Volume, LiDAR
1,877 m³
2 parcels, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LeoMatrix Projects
since 20232.349.032.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0195/00H006 | Flanders | 164 m² | 1 · 156 m² | 15.4 m · 3 fl. |
| 11345B0200/00E015 | Flanders | 88 m² | 1 · 70 m² | 9.5 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.
Similar companies · same sector, comparable size
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MIM RENOV
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P.P Construction
BE 1014.811.723
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BD CONCEPTION
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 7,278 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
Founded23-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43211General electrical installation work
43221Plumbing work
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.