L-CONSTRUCT
ActiveSummary
L-CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,764) and a net result of -€2,727. Equity is growing by ~13.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-9
Solvency23=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.94 in 2024; short-term debt: 10.3% and cash: 4.4% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-2.4%
Return on assets
-0.4%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,764
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
19 d late
2023
21 d late
2022
26 d early
2021
24 d late
2020
52 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 19 August (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€16,764▼ 19.4%
2024 · -€14,037
Total assets
€702,328▼ 4.6%
2024 · €736,320
Net result
-€2,727
2024 · €48,205
Working capital
-€40,672▼ 943%
2024 · -€3,900
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,843▼ 1,485%€24,180€43,608▲ 80.3%€52,399▲ 20.2%€831▼ 98.4%
Net result-€18,722▼ 164%€18,753€38,687▲ 106%€48,205▲ 24.6%-€2,727
Equity-€119,683▼ 18.5%-€100,930▲ 15.7%-€62,243▲ 38.3%-€14,037▲ 77.4%-€16,764▼ 19.4%
Total assets€801,203▼ 2.1%€770,628▼ 3.8%€751,411▼ 2.5%€736,320▼ 2.0%€702,328▼ 4.6%
Debt€920,886▲ 0.1%€871,558▼ 5.4%€813,654▼ 6.6%€750,357▼ 7.8%€719,092▼ 4.2%
Working capital-€126,546▼ 23.7%-€100,133▲ 20.9%-€57,057▲ 43.0%-€3,900▲ 93.2%-€40,672▼ 943%
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 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €702,328
Fixed assets
€670,553 ▼ 0.5%
Current assets
€31,775 ▼ 49.2%
Key figures and ratios
EBITDA
€50,549▼
2024 · €101,404
Cash flow
€46,992▼
2024 · €97,210
Solvency
-2.4%▼
2024 · -1.9%
Current ratio
0.44▼
2024 · 0.94
Debt to equity
-42.89▲
2024 · -53.45
ROA
-0.4%▼
2024 · 6.5%
Interest coverage
13.04▼
2024 · 22.51
Debt ≤ 1 year
€72,447▲
2024 · €66,442
Debt > 1 year
€646,646▼
2024 · €682,697
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.1%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,217 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,152 | €47,859 | €48,303 | €49,005 | €49,718 | ▲ 1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,943 | €9,031 | -€17,973 | €0 | - | - |
| Other operating charges640/8 | €6,038 | €6,164 | €20,695 | €8,559 | €10,653 | ▲ 24.5% |
| Gross operating margin9900 | €52,290 | €87,234 | €94,632 | €109,963 | €61,202 | ▼ 44.3% |
| Operating profit (loss)9901 | -€12,843 | €24,180 | €43,608 | €52,399 | €831 | ▼ 98.4% |
| Financial income75/76B | €6 | €0 | €46 | €310 | €318 | ▲ 2.3% |
| Recurring financial income75 | €6 | €0 | €46 | €310 | €318 | ▲ 2.3% |
| Financial charges65/66B | €5,891 | €5,428 | €4,967 | €4,504 | €3,876 | ▼ 14.0% |
| Recurring financial charges65 | €5,891 | €5,428 | €4,967 | €4,504 | €3,876 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | -€18,728 | €18,753 | €38,687 | €48,205 | -€2,727 | ▼ 106% |
| Income taxes67/77 | -€6 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€18,722 | €18,753 | €38,687 | €48,205 | -€2,727 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | -€18,722 | €18,753 | €38,687 | €48,205 | -€2,727 | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €801,203 | €770,628 | €751,411 | €736,320 | €702,328 | ▼ 4.6% |
| Fixed assets21/28 | €794,422 | €752,348 | €713,009 | €673,778 | €670,553 | ▼ 0.5% |
| Tangible fixed assets22/27 | €793,422 | €752,348 | €713,009 | €673,778 | €670,553 | ▼ 0.5% |
| Land and buildings22 | €792,097 | €751,280 | €710,592 | €672,147 | €669,486 | ▼ 0.4% |
| Plant, machinery and equipment23 | €1,325 | €1,068 | €2,417 | €1,631 | €1,067 | ▼ 34.6% |
| Financial fixed assets28 | €1,000 | €0 | - | - | - | - |
| Current assets29/58 | €6,781 | €18,280 | €38,402 | €62,542 | €31,775 | ▼ 49.2% |
| Amounts receivable within one year40/41 | €1,091 | €426 | €14 | €93 | €188 | ▲ 103% |
| Trade receivables40 | €1,091 | €426 | €0 | - | - | - |
| Other amounts receivable41 | - | - | €14 | €93 | €188 | ▲ 103% |
| Cash at bank and in hand54/58 | €4,971 | €16,062 | €37,634 | €61,647 | €30,782 | ▼ 50.1% |
| Deferred charges and accrued income490/1 | €718 | €1,792 | €755 | €802 | €804 | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €801,203 | €770,628 | €751,411 | €736,320 | €702,328 | ▼ 4.6% |
| Equity10/15 | -€119,683 | -€100,930 | -€62,243 | -€14,037 | -€16,764 | ▼ 19.4% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€169,683 | -€150,930 | -€112,243 | -€64,037 | -€66,764 | ▼ 4.3% |
| Amounts payable17/49 | €920,886 | €871,558 | €813,654 | €750,357 | €719,092 | ▼ 4.2% |
| Amounts payable after more than one year17 | €787,558 | €753,145 | €718,194 | €682,697 | €646,646 | ▼ 5.3% |
| Financial debts170/4 | €307,558 | €273,145 | €238,194 | €202,697 | €166,646 | ▼ 17.8% |
| Other amounts payable178/9 | €480,000 | €480,000 | €480,000 | €480,000 | €480,000 | = |
| Amounts payable within one year42/48 | €133,327 | €118,413 | €95,460 | €66,442 | €72,447 | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | €33,884 | €34,413 | €34,951 | €35,497 | €36,052 | ▲ 1.6% |
| Trade debts44 | - | €775 | €71 | €1,356 | €3,986 | ▲ 194% |
| Suppliers440/4 | - | €775 | €71 | €1,356 | €3,986 | ▲ 194% |
| Other amounts payable47/48 | €99,443 | €83,224 | €60,438 | €29,589 | €32,409 | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | - | - | €1,218 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,722 | €18,753 | €38,687 | €48,205 | -€2,727 | ▼ 106% |
| + Depreciation and write-downs630 | €50,152 | €47,859 | €48,303 | €49,005 | €49,718 | ▲ 1.5% |
| Operating cash flow (approximation) | €31,430 | €66,612 | €86,991 | €97,210 | €46,992 | ▼ 51.7% |
| Investment in fixed assets (approximation) | - | -€5,785 | -€8,964 | -€9,774 | -€46,494 | ▼ 376% |
| Change in cash | - | €11,091 | €21,572 | €24,013 | -€30,865 | ▼ 229% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €48,205 ▲24.6%
Operating result €52,399, net result €48,205, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18,753
Net result €18,753 after 4 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Pieters-Leeuw · 1 establishment unit since 2015
Ground area
864 m²
Building footprint
157 m²
Volume, LiDAR
829 m³
Parcel 23077B0490/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L-CONSTRUCT
since 20152.240.402.664
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077B0490/00B000 | Flanders | 864 m² | 1 · 157 m² | 7.2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-2015
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568829774
Also
9925:BE0568829774
Registered
08-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.