Equity
L & D Construct has made a profit in every financial year since 2013.
L & D Construct has made a profit in every financial year since 2013.
The result rose in 2026 from €261,270 to €397,463.
The accounts state no turnover.
Green is investment, beige is depreciation. Land and buildings stand 13.1% higher than in 2025.
The last five annual accounts were filed 1 to 32 days before the end of the period.
Higher net result than 95% of companies in real estate. Sector median €10,086 · 474 companies.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 68, small). It does better than 68% of them on solvency, 86% on liquidity, 92% on profitability and 74% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,811 companies had the same profile as L & D Construct has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of L & D Construct itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for L & D Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.99 (0.98 in 2025), below 1. Short-term debt is 8.3% and cash 7.5% of total assets. 50.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| L & D Construct Tielt | €3.7m | €0.8m | 49.8% | - |
| G-CUBE IMMO Hasselt | €3.6m | €0.8m | 43.2% | 0 |
| Avenue Building Ghent | €3.3m | €0.9m | 55.2% | - |
| ELAN Merchtem | €4.0m | €0.7m | 22.4% | 0 |
| BatiBeton Etterbeek | €3.7m | €0.7m | 15.0% | 2.7 |
| LOSHOP Ghent | €4.2m | €1.2m | 26.7% | - |
| DERWECO Zele | €3.0m | €1.1m | 7.4% | 18.4 |
These companies have the same main activity as L & D Construct: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3m and €4.2m, founded between 2010 and 2013.
L & D Construct files the micro format. That format states no turnover. The gross margin rose from €5,444 in 2013 to €780,475 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.4m. Estimated: probably between €1.0m and €2.3m.
Higher than 67% of 17,185 companies in 2025.
Higher than 44% of 16,482 companies in 2025.
Higher than 72% of 16,861 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
3.7m | 3.2m | 3.1m | 2.6m | 1.6m | 1.2m | 1.9m | 1.8m | 1.3m | 1.2m | 1.0m | 745,627 | 61,568 | |
21/28 |
3.4m | 3.0m | 2.6m | 2.5m | 1.2m | 272,919 | 15,333 | - | 750 | 750 | 750 | 750 | 750 | |
22/27 |
3.4m | 3.0m | 2.6m | 2.5m | 1.2m | 271,585 | 14,000 | - | - | - | - | - | - | |
22 |
3.4m | 3.0m | 2.6m | 2.5m | 1.2m | 271,585 | 14,000 | - | - | - | - | - | - | |
28 |
6,014 | 6,014 | 6,974 | 6,974 | 6,974 | 1,333 | 1,333 | - | 750 | 750 | 750 | 750 | 750 | |
29/58 |
307,920 | 195,981 | 513,548 | 158,594 | 420,013 | 883,265 | 1.9m | 1.8m | 1.3m | 1.2m | 1.0m | 744,877 | 60,818 | |
3 |
- | - | - | 0 | 17,654 | 114,193 | 1.1m | 1.0m | 935,215 | 887,356 | 785,781 | 398,737 | 36,776 | |
30/36 |
- | - | - | 0 | 17,654 | 114,193 | 1.1m | 1.0m | 935,215 | 887,356 | 785,781 | 398,737 | 36,776 | |
40/41 |
26,909 | 27,449 | 187,606 | 34,878 | 37,180 | 14,520 | 196,304 | 360,673 | 238,537 | 216,629 | 92,408 | 54,812 | 18,585 | |
40 |
26,909 | 27,449 | 187,606 | 28,504 | 37,180 | 14,520 | 196,233 | 360,673 | 234,602 | 216,629 | 92,408 | 54,812 | 17,916 | |
41 |
- | - | 0 | 6,373 | - | - | 70 | - | 3,935 | - | - | - | 669 | |
54/58 |
281,011 | 168,532 | 325,941 | 123,717 | 364,762 | 754,151 | 647,379 | 440,280 | 117,596 | 57,561 | 143,645 | 291,327 | 1,218 | |
490/1 |
- | - | - | 0 | 417 | 401 | - | - | - | - | - | - | 4,239 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
3.7m | 3.2m | 3.1m | 2.6m | 1.6m | 1.2m | 1.9m | 1.8m | 1.3m | 1.2m | 1.0m | 745,627 | 61,568 | |
10/15 |
1.9m | 1.7m | 1.4m | 1.1m | 775,731 | 701,530 | 206,045 | 115,808 | 83,985 | 64,544 | 28,137 | 20,212 | 9,154 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1.7m | 1.5m | 1.3m | 930,360 | 640,860 | 566,860 | 91,860 | 1,860 | 1,860 | 1,860 | 1,097 | 701 | 148 | |
130/1 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,097 | 701 | 148 | |
1311 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
1.7m | 1.5m | 1.3m | 930,360 | 639,000 | 565,000 | 90,000 | - | - | - | - | - | - | |
14 |
116,615 | 116,615 | 116,615 | 116,615 | 116,271 | 116,070 | 107,985 | 107,748 | 75,925 | 56,484 | 20,840 | 13,311 | 2,806 | |
17/49 |
1.9m | 1.6m | 1.7m | 1.6m | 820,275 | 454,654 | 1.7m | 1.7m | 1.2m | 1.1m | 994,447 | 725,415 | 52,414 | |
17 |
1.6m | 1.4m | 1.5m | 1.4m | 609,778 | 195,378 | - | - | - | - | - | - | - | |
170/4 |
1.6m | 1.4m | 1.5m | 1.4m | 609,778 | 195,378 | - | - | - | - | - | - | - | |
42/48 |
311,192 | 199,231 | 182,252 | 227,378 | 210,497 | 259,276 | 1.7m | 1.7m | 1.2m | 1.1m | 994,447 | 725,415 | 52,414 | |
42 |
187,851 | 115,486 | 113,053 | 87,866 | 46,933 | 14,933 | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 205,000 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | 205,000 | - | |
44 |
35,070 | 32,124 | 31,645 | 90,712 | 112,603 | 180,847 | 1,378 | 23,487 | 3,156 | 853 | 22,875 | 65,814 | 48,659 | |
440/4 |
35,070 | 32,124 | 31,645 | 90,712 | 112,603 | 180,847 | 1,378 | 23,487 | 3,156 | 853 | 22,875 | 65,814 | 48,659 | |
46 |
- | - | - | - | - | - | 1.7m | 1.7m | 1.2m | 1.0m | 814,421 | 333,736 | - | |
45 |
85,271 | 50,121 | 37,554 | 48,801 | 50,961 | 63,495 | 43,941 | 15,457 | 9,797 | 19,609 | 13,349 | 19,099 | 3,755 | |
450/3 |
80,163 | 45,020 | 34,003 | 45,302 | 47,961 | 60,495 | 41,335 | 15,457 | 7,462 | 14,931 | 13,349 | 19,099 | 1,438 | |
454/9 |
5,107 | 5,101 | 3,551 | 3,498 | 3,000 | 3,000 | 2,606 | - | 2,335 | 4,678 | - | - | 2,317 | |
47/48 |
3,000 | 1,500 | - | - | - | - | 2,500 | 7,656 | 27,656 | 27,656 | 143,803 | 101,766 | - | |
492/3 |
74 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
76A |
0 | 24,368 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
780,475 | 627,060 | 681,324 | 644,956 | 168,455 | 792,458 | 137,386 | 46,975 | 31,661 | 52,423 | 13,853 | 28,515 | 5,444 | |
62 |
4,284 | 3,816 | 3,744 | 5,569 | 3,744 | 3,840 | 3,744 | 2,002 | 1,778 | 1,778 | 1,778 | 1,764 | - | |
630 |
147,637 | 203,063 | 136,087 | 238,511 | 55,124 | 44,421 | - | - | - | - | - | - | - | |
640/8 |
16,127 | 7,661 | 5,751 | 4,603 | 2,246 | 809 | 107 | 176 | 103 | 103 | 102 | 101 | 98 | |
9901 |
612,427 | 412,520 | 535,742 | 396,272 | 107,341 | 743,388 | 133,535 | 44,797 | 29,780 | 50,542 | 11,973 | 26,650 | 5,346 | |
75/76B |
3,076 | 531 | 1,150 | 122 | 623 | 397 | 744 | 482 | 344 | 285 | 3,484 | 559 | 5 | |
75 |
3,076 | 531 | 1,150 | 122 | 623 | 397 | 744 | 482 | 344 | 285 | 3,484 | 559 | 5 | |
65/66B |
38,399 | 35,741 | 45,378 | 21,934 | 10,278 | 2,492 | 136 | 377 | 1,511 | 1,962 | 4,625 | 12,034 | 958 | |
65 |
38,399 | 35,741 | 45,378 | 21,934 | 10,278 | 2,492 | 136 | 377 | 1,511 | 1,962 | 4,625 | 12,034 | 958 | |
9903 |
577,104 | 377,310 | 491,514 | 374,461 | 97,686 | 741,294 | 134,142 | 44,902 | 28,613 | 48,865 | 10,832 | 15,174 | 4,393 | |
67/77 |
179,641 | 116,040 | 152,817 | 84,617 | 23,486 | 258,209 | 41,406 | 13,079 | 9,172 | 12,458 | 2,907 | 4,116 | 1,439 | |
9904 |
397,463 | 261,270 | 338,697 | 289,844 | 74,201 | 483,085 | 92,737 | 31,824 | 19,441 | 36,407 | 7,925 | 11,058 | 2,954 | |
9905 |
397,463 | 261,270 | 338,697 | 289,844 | 74,201 | 483,085 | 92,737 | 31,824 | 19,441 | 36,407 | 7,925 | 11,058 | 2,954 | |
| Appropriation of the result | ||||||||||||||
9906 |
514,078 | 377,885 | 455,312 | 406,115 | 190,271 | 591,070 | 200,485 | 107,748 | 75,925 | 57,247 | 21,236 | 13,864 | 2,954 | |
14P |
116,615 | 116,615 | 116,615 | 116,271 | 116,070 | - | - | - | - | - | - | - | - | |
791/2 |
200,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
397,463 | 261,270 | 338,697 | 289,500 | 74,000 | 475,000 | 90,000 | - | - | 763 | 396 | 553 | 148 | |
6920 |
- | - | - | - | - | - | - | - | - | 763 | 396 | 553 | 148 | |
6921 |
397,463 | 261,270 | 338,697 | 289,500 | 74,000 | 475,000 | 90,000 | - | - | - | - | - | - | |
694/7 |
200,000 | - | - | - | - | - | 2,500 | - | - | - | - | - | - | |
694 |
200,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 2,500 | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 01-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 01-10-2026 | 2026-00547228 | |
| 31-03-2025 | micro format | 29-09-2025 | 2025-00518608 | |
| 31-03-2024 | micro format | 28-10-2024 | 2024-00518445 | |
| 31-03-2023 | abbreviated format | 15-10-2023 | 2023-00486777 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20016281 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12800001 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11100395 | |
| 30-09-2018 | micro format | 26-04-2019 | 2019-11000324 | |
| 30-09-2017 | micro format | 27-03-2018 | 2018-08600474 | |
| 30-09-2016 | abbreviated format | 25-04-2017 | 2017-10300525 | |
| 30-09-2015 | abbreviated format | 24-03-2016 | 2016-07400594 | |
| 30-09-2014 | abbreviated format | 30-03-2015 | 2015-08000321 | |
| 30-09-2013 | abbreviated format | 31-03-2014 | 2014-08200162 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 760,064 | 615,583 | 671,829 | 634,783 | 162,465 | 787,809 | - | - | - | - | - | - | - | ||
| 545,100 | 464,333 | 474,783 | 528,355 | 129,325 | 527,506 | - | - | - | - | - | - | - | ||
| 544,109 | 687,078 | 207,532 | 1.5m | 958,199 | 302,006 | 15,333 | - | - | - | - | - | 750 | ||
| 112,479 | -157,410 | 202,224 | - | -389,389 | 106,772 | 207,099 | 322,684 | 60,035 | -86,084 | -147,683 | 290,109 | - | ||
| -3,272 | -3,250 | 331,295 | -68,784 | 209,516 | 623,990 | 190,712 | 115,808 | 83,235 | 63,794 | 27,387 | 19,462 | 8,404 | ||
| 49.8% | 51.5% | 45.7% | 40.3% | 48.6% | 60.7% | 10.7% | 6.3% | 6.5% | 5.6% | 2.8% | 2.7% | 14.9% | ||
| 0.99 | 0.98 | 2.82 | 0.70 | 2.00 | 3.41 | 1.11 | 1.07 | 1.07 | 1.06 | 1.03 | 1.03 | 1.16 | ||
| 0.99 | 0.98 | 2.82 | 0.70 | 1.91 | 2.97 | 0.49 | 0.47 | 0.29 | 0.25 | 0.24 | 0.48 | 0.46 | ||
| 1.01 | 0.94 | 1.19 | 1.48 | 1.06 | 0.65 | 8.37 | 14.86 | 14.38 | 17.01 | 35.34 | 35.89 | 5.73 | ||
| 21.3% | 15.7% | 24.1% | 27.2% | 9.6% | 68.9% | 45.0% | 27.5% | 23.1% | 56.4% | 28.2% | 54.7% | 32.3% | ||
| 10.6% | 8.1% | 11.0% | 11.0% | 4.6% | 41.8% | 4.8% | 1.7% | 1.5% | 3.1% | 0.8% | 1.5% | 4.8% | ||
| 19.79 | 17.22 | 14.81 | 28.94 | 15.81 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 30-09-2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €1.4m | €656,711 |
| Mortgages, amount registered | €150,000 | €100,000 | €100,000 | €100,000 | €75,000 |
| €2.8m | €1.7m | €1.7m | €1.7m | €629,000 | |
| Carrying value of the mortgaged assets | €3.1m | €2.2m | €2.2m | €2.1m | €880,977 |
| - | - | €0 | - | - |
Source: notes to the 2021 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €544,109 | €686,064 | €207,532 | €1.5m | €952,558 |
| Financial fixed assets | €0 | €1,014 | - | - | €5,641 |
| €147,637 | €203,063 | €136,087 | €238,511 | €55,124 |
Source: notes to the 2021 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 48% higher than in 2025 and the highest since 2020. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total rises from 48.5% to 50.2%. Equity and debt are higher.
L & D Construct has no parent and no holdings in its annual accounts.
| Lamont Klimatisatie
registered office since 17-01-2006 · founded in 2005 |
6 FTE (2025) 0878.240.473 |
| Maatschap K - L
registered office since 08-05-2026 |
founded in 2026 1038.509.021 |
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| L&D Construct BVBA registered office Deinsesteenweg 6, 8700 Tielt 64210 Activities of holding companies | 02-01-2012 | 2.207.521.545 |
| 20-10-2026 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen submitted 16-06-2026 · project 2026061728 | Tielt |
| 20-05-2020 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies submitted 27-11-2019 · project 2019145530 | Tielt |
| 25-11-2019 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies submitted 09-07-2019 · project 2019089974 | Tielt |
| 17-04-2019 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 31-01-2019 · project 2019007946 | Tielt |
| 11-09-2018 | Refused | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 22-05-2018 · project 2018058305 | Tielt |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37302E0480/00S000 | 1,382 m² | 1 · 797 m² | 6.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0842.641.770
If something looks wrong or is missing, please tell us.