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Lippens Projects

Active
Private limited companyfounded 2016active for 10 yearsTrieststraat 38, 9960 Assenede, Belgium20 active companies are registered at this addressKBO/BCE: BE 0659.683.241
Summary

The computed 12-month bankruptcy probability of Lippens Projects is 1.8% (moderate). The annual accounts of Lippens Projects for financial year 2025 show a net loss of 64% of the equity at the start of that year. The 2025 annual accounts show equity of €383 and a net result of -€687. Equity is shrinking by about 41% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 10% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other building finishing work
NACE 43350Freight transport by road NACE 49410
1 site
Size
€9,522total assets 2025
Equity
€383
Loss
-€687
Turnover not published (micro format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Structure
Accounts filed 27 days late2 of 6 deeds read
Why 52raises riskLiquidity: current ratio 1.04Sector: Specialised construction activities (NACE 43)1 change of registered office in 24 monthslowers riskSize: total assets €9,522Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 8% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 29-68
equity 4.0% of total assets
Liquidity 0-89
short-term debt 96.0%
Profitability 19+19
return on assets -7.2%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)
Last 24 months 11-2024: 1.0% 12-2024: 0.9%▼ -0.1 percentage points vs 11-2024lowest value 01-2025: 2.8%▲ +1.9 percentage points vs 12-2024 02-2025: 2.8%● unchanged vs 01-2025 03-2025: 2.7%▼ -0.1 percentage points vs 02-2025 04-2025: 2.8%▲ +0.1 percentage points vs 03-2025 05-2025: 2.8%● unchanged vs 04-2025 06-2025: 2.8%● unchanged vs 05-2025 07-2025: 3.0%▲ +0.2 percentage points vs 06-2025 08-2025: 4.3%▲ +1.3 percentage points vs 07-2025highest value 09-2025: 2.5%▼ -1.8 percentage points vs 08-2025 10-2025: 2.5%● unchanged vs 09-2025 11-2025: 2.5%● unchanged vs 10-2025 12-2025: 2.5%● unchanged vs 11-2025 01-2026: 2.5%● unchanged vs 12-2025 02-2026: 2.5%● unchanged vs 01-2026 03-2026: 2.5%● unchanged vs 02-2026 04-2026: 2.7%▲ +0.2 percentage points vs 03-2026 05-2026: 2.7%● unchanged vs 04-2026 06-2026: 2.6%▼ -0.1 percentage points vs 05-2026 07-2026: 0.9%▼ -1.7 percentage points vs 06-2026 08-2026: 1.5%▲ +0.6 percentage points vs 07-2026 09-2026: 1.8%▲ +0.3 percentage points vs 08-2026 10-2026: 1.8%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.04, below the usual 1.5; short-term debt: 96% of total assets), and 96% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 10% on solvency, 1% on liquidity, 14% on profitability and 7% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €9,522
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.04
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 34678 sector peers (2025).
NBB · sector comparison
Position among 34678 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filings
Deviation from the deadline
2025
27 days late
2024
on the day
2023
85 days early
2022
5 days early
2021
13 days early
2020
29 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Registered officeRegistered-office move

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€687 View
  • Caution: Among the weakest 10% on equitysector median €57,779 · 34,690 companies €383 View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Total assets
€9,522
Loss
-€687
Solvency
4.0%
Total assets▲ 540%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2018
Next accounts
by 31-07-2027
  1. 28-06-2024Resignations: FiscoCount (director) and Fiscocount Sint-Niklaas –…
  2. 07-05-2024Annual accounts filed
  3. 26-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other building finishing workNACE 43350
Founded
14-07-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“Reparatie van machines; Installatie van industriële machines, toestellen en werktuigen…” (deed in Dutch)
Go to Articles of association

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