L.C.N.CONSTRUCT
ActiveSummary
L.C.N.CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156,322 and a net result of €15,844. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 44.66; short-term debt: 2.2% and cash: 27.8% of total assets), and 2.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
97.8%
Return on assets
9.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
43 d early
2023
43 d early
2022
31 d late
2021
29 d late
2020
30 d late
2019
28 d late
← 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 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€156,322▲ 11.3%
2024 · €140,478
Total assets
€159,902▲ 13.7%
2024 · €140,583
Net result
€15,844▲ 89.7%
2024 · €8,352
Working capital
€156,322▲ 15.2%
2024 · €135,706
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,189▲ 127%€17,415▼ 33.5%€20,856▲ 19.8%€9,808▼ 53.0%€21,427▲ 118%
Net result€19,437within the sector's middle half▲ 130%€11,951within the sector's middle half▼ 38.5%€11,387within the sector's middle half▼ 4.7%€8,352within the sector's middle half▼ 26.7%€15,844within the sector's middle half▲ 89.7%
Equity€108,788within the sector's middle half▲ 21.8%€120,739within the sector's middle half▲ 11.0%€132,126above the sector's middle half▲ 9.4%€140,478above the sector's middle half▲ 6.3%€156,322above the sector's middle half▲ 11.3%
Total assets€136,898within the sector's middle half▲ 7.8%€144,747within the sector's middle half▲ 5.7%€145,864within the sector's middle half▲ 0.8%€140,583within the sector's middle half▼ 3.6%€159,902within the sector's middle half▲ 13.7%
Debt€28,109▼ 25.3%€24,008▼ 14.6%€13,738▼ 42.8%€105▼ 99.2%€3,580▲ 3,304%
Working capital€100,638▲ 20.8%€111,034▲ 10.3%€121,393▲ 9.3%€135,706▲ 11.8%€156,322▲ 15.2%
Solvency79.5%above the sector's middle half▲ 9.1pp83.4%above the sector's middle half▲ 3.9pp90.6%above the sector's middle half▲ 7.2pp99.9%above the sector's middle half▲ 9.3pp97.8%above the sector's middle half▼ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 118% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €159,902
Equity
€156,322 ▲ 11.3%
Debt
€3,580 ▲ 3,304%
Debt's share of the balance-sheet total rises from 0.1% to 2.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,199▲
2024 · €15,769
Cash flow
€20,616▲
2024 · €14,313
Current ratio
44.66
Debt to equity
0.02▲
2024 · 0.00
ROE
10.1%▲
2024 · 5.9%
ROA
9.9%▲
2024 · 5.9%
Interest coverage
308.95▲
2024 · 113.19
Debt ≤ 1 year
€3,580▲
2024 · €105
Income taxes
€7,369▲
2024 · €3,541
Staff costs
€147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €248 | €140 | €284 | - | €147 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,961 | €5,961 | €5,961 | €5,961 | €4,772 | ▼ 19.9% |
| Other operating charges640/8 | €627 | €731 | €746 | €703 | €813 | ▲ 15.7% |
| Gross operating margin9900 | €33,026 | €24,247 | €27,848 | €16,472 | €27,159 | ▲ 64.9% |
| Operating profit (loss)9901 | €26,189 | €17,415 | €20,856 | €9,808 | €21,427 | ▲ 118% |
| Financial income75/76B | €3,250 | €906 | €870 | €2,224 | €1,871 | ▼ 15.9% |
| Recurring financial income75 | €3,250 | €906 | €870 | €2,224 | €1,871 | ▼ 15.9% |
| Financial charges65/66B | €1,230 | €400 | €3,520 | €139 | €85 | ▼ 39.1% |
| Recurring financial charges65 | €1,230 | €400 | €696 | €139 | €85 | ▼ 39.1% |
| Non-recurring financial charges66B | - | - | €2,824 | - | - | - |
| Profit (loss) for the period before taxes9903 | €28,209 | €17,921 | €18,207 | €11,893 | €23,214 | ▲ 95.2% |
| Income taxes67/77 | €8,772 | €5,970 | €6,820 | €3,541 | €7,369 | ▲ 108% |
| Profit (loss) for the period9904 | €19,437 | €11,951 | €11,387 | €8,352 | €15,844 | ▲ 89.7% |
| Profit (loss) for the period to be appropriated9905 | €19,437 | €11,951 | €11,387 | €8,352 | €15,844 | ▲ 89.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,898 | €144,747 | €145,864 | €140,583 | €159,902 | ▲ 13.7% |
| Fixed assets21/28 | €22,655 | €16,694 | €10,733 | €4,772 | - | - |
| Tangible fixed assets22/27 | €22,655 | €16,694 | €10,733 | €4,772 | - | - |
| Furniture and vehicles24 | €22,655 | €16,694 | €10,733 | €4,772 | - | - |
| Current assets29/58 | €114,243 | €128,053 | €135,131 | €135,811 | €159,902 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €3,503 | €10,537 | €11,239 | €20,888 | €23,303 | ▲ 11.6% |
| Trade receivables40 | €2,172 | €2,406 | €2,658 | €3,943 | €2,766 | ▼ 29.8% |
| Other amounts receivable41 | €1,330 | €8,132 | €8,581 | €16,945 | €20,537 | ▲ 21.2% |
| Current investments50/53 | €84,618 | €84,618 | €91,203 | €91,203 | €91,203 | = |
| Cash at bank and in hand54/58 | €24,526 | €31,340 | €31,721 | €22,720 | €44,501 | ▲ 95.9% |
| Deferred charges and accrued income490/1 | €1,596 | €1,558 | €968 | €1,000 | €895 | ▼ 10.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,898 | €144,747 | €145,864 | €140,583 | €159,902 | ▲ 13.7% |
| Equity10/15 | €108,788 | €120,739 | €132,126 | €140,478 | €156,322 | ▲ 11.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €57,842 | €69,792 | €81,179 | €89,531 | €105,375 | ▲ 17.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €55,982 | €67,932 | €79,319 | €87,671 | €103,515 | ▲ 18.1% |
| Profit (loss) carried forward14 | €44,747 | €44,747 | €44,747 | €44,747 | €44,747 | = |
| Amounts payable17/49 | €28,109 | €24,008 | €13,738 | €105 | €3,580 | ▲ 3,304% |
| Amounts payable after more than one year17 | €14,505 | €6,989 | - | - | - | - |
| Financial debts170/4 | €14,505 | €6,989 | - | - | - | - |
| Amounts payable within one year42/48 | €13,605 | €17,019 | €13,738 | €105 | €3,580 | ▲ 3,304% |
| Current portion of amounts payable after more than one year42 | €7,404 | €7,516 | €6,989 | - | - | - |
| Trade debts44 | €443 | €1,053 | €43 | €105 | €62 | ▼ 41.5% |
| Suppliers440/4 | €443 | €1,053 | €43 | €105 | €62 | ▼ 41.5% |
| Taxes, remuneration and social security45 | €5,758 | €8,450 | €6,706 | - | €3,519 | - |
| Taxes450/3 | €5,758 | €8,450 | €6,706 | - | €3,355 | - |
| Remuneration and social security454/9 | - | - | - | - | €164 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,437 | €11,951 | €11,387 | €8,352 | €15,844 | ▲ 89.7% |
| + Depreciation and write-downs630 | €5,961 | €5,961 | €5,961 | €5,961 | €4,772 | ▼ 19.9% |
| Operating cash flow (approximation) | €25,398 | €17,912 | €17,348 | €14,313 | €20,616 | ▲ 44.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €6,814 | €381 | -€9,002 | €21,781 | ▲ 342% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €156,322 ▲11.3%
7 profitable years in a row build equity to €156,322.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 131current ratio 1291.35
Current ratio from 9.84 to 1291.35; short-term debt falls from €13,738 to €105.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €19,437 ▲130%
Operating result €26,189, net result €19,437, both a record.
31-12
Financial
Equity above €100,000Eq €108,788 ▲21.8%
3 profitable years in a row build equity to €108,788.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €10,163
Net result €10,163 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2008
Ground area
156 m²
Building footprint
79 m²
Volume, LiDAR
425 m³
Parcel 12016B0251/00B002, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L.C.N. CONSTRUCT
since 20082.168.991.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12016B0251/00B002 | Flanders | 156 m² | 1 · 79 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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ALX CONSTRUCT
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FM Concept 7
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,592 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 (pre-2019)
Founded22-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891666659
Also
9925:BE0891666659
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.