ACTIVE

PROJECT L

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Financial year 2025 · closed on 31/12/2025
Net result
25,9 k €
+233.3% YoY
Gross margin
30,9 k €
+322.2% YoY
Equity
-2,2 k €
+92.0% YoY

What does PROJECT L do?

PROJECT L is a Private limited company incorporated in 2013. Its main activity is: Advertising agencies. Its registered office is in Ledegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0538.495.597
Incorporation
10/09/2013
Legal form
Private limited company
Registered office
Stationsstraat 81
8880 Ledegem · FlandreSee on map
Contributed capital
12 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
73110Advertising agencies· main73110Advertising agencies
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin30,9 k €-13,9 k €-1,1 k €-4,1 k €9,1 k €9,2 k €8,5 k €10,1 k €12,6 k €12,8 k €17,4 k €10,4 k €
EBITDA29,5 k €-14,9 k €-3,4 k €-6,4 k €8,5 k €8 k €6,9 k €9,1 k €11,5 k €11,8 k €16,4 k €9 k €
Operating result26 k €-17,7 k €-18 k €-14,3 k €1,3 k €3 k €792,9 €2,3 k €3,3 k €5,2 k €10,2 k €2,8 k €
Net result25,9 k €-19,4 k €-18,2 k €-15,1 k €375,9 €1,1 k €-612,9 €818,2 €1,1 k €2,7 k €6,2 k €340 €
Balance sheet
Equity-2,2 k €-28,1 k €-8,7 k €9,5 k €24,6 k €24,3 k €23,2 k €23,8 k €23 k €21,9 k €19,1 k €12,9 k €
Total assets42,2 k €29,9 k €3,7 k €29,6 k €35,8 k €39,8 k €41,8 k €52,9 k €53 k €63,3 k €66,5 k €69,2 k €
Cash23,9 k €5,5 k €–37,1 €1,6 k €86,6 €87,2 €8,4 k €3,3 k €1 k €8,2 k €–
Debts44,5 k €58,1 k €12,4 k €20 k €8,8 k €15,5 k €17,8 k €28,5 k €29,2 k €40,9 k €46,6 k €55,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Ian Lein

Director · since 28 décembre 2023

Active
Lore Monica Lannoy

Director · since 10 septembre 2013

Active

Ended mandates

Arnold Lannoy

Director · until 17 juillet 2022

Ended
Arnold Lannoy

Director

Ended
Arnold LANNOY

Mandate

Ended
Arnold LANNOY

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/08/202618/08/202526/09/202419/10/202330/09/202210/11/2021
General meeting05/06/202606/06/202507/06/202429/09/202326/09/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202624/08/2026DutchPDF
Micro model31/12/202406/06/202518/08/2025DutchPDF
Micro model31/12/202307/06/202426/09/2024DutchPDF
Micro model31/12/202229/09/202319/10/2023DutchPDF
Micro model31/12/202126/09/202230/09/2022DutchPDF
Micro model31/12/202004/06/202110/11/2021DutchPDF
Micro model31/12/201914/08/202028/10/2020DutchPDF
Micro model31/12/201807/06/201913/10/2019DutchPDF
Micro model31/12/201701/06/201830/08/2018DutchPDF
Micro model31/12/201602/06/201726/09/2017DutchPDF
Abridged model31/12/201503/06/201625/09/2016DutchPDF
Abridged model31/12/201405/06/201525/08/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Ian Lein

Director · since 28 décembre 2023

Active
Lore Monica Lannoy

Director · since 10 septembre 2013

Active

Ended mandates

Arnold Lannoy

Director · until 17 juillet 2022

Ended
Arnold Lannoy

Director

Ended
Arnold LANNOY

Mandate

Ended
Arnold LANNOY

Manager

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202525,9 k €↑
  2. 2024
    Annual accounts 2024-19,4 k €↓
  3. 2023
    Annual accounts 2023-18,2 k €↓
  4. 2023
    Name changePROJECT L
  5. 2022
    Annual accounts 2022-15,1 k €↓
  6. 2021
    Annual accounts 2021375,9 €↓
  7. 2021
    Name changeVINSTER
  8. 2020
    Annual accounts 20201,1 k €↑
  9. 2019
    Annual accounts 2019-612,9 €↓
  10. 2018
    Annual accounts 2018818,2 €↓
  11. 2017
    Annual accounts 20171,1 k €↓
  12. 2016
    Annual accounts 20162,7 k €↓
  13. 2015
    Annual accounts 20156,2 k €↑
  14. 2014
    Annual accounts 2014340 €
  15. 10/09/2013
    IncorporationPrivate limited company