L & E Construct
Annual accounts 2025
abbreviated format, filed on 26-08-2026, 26 days late€2.3m
▼ 15.2%
€1.0m
▼ 25.0%
€1.1m
▼ 23.1%
€911,201
▼ 17.4%
74.7%
▼ 8.0 percentage points
4.43
▼ 2.74
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €6.4m. Estimated: probably between €4.9m and €8.5m.
Money flows
no detail for 2025Balance sheet
balance sheet total €5.3m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
74.7%
Higher than 83% of 9,973 companies in 2025.
4.43
Higher than 84% of 9,836 companies in 2025.
15.5%
Higher than 80% of 9,905 companies in 2025.
L & E Construct
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€68,191
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, 5 people joined and 6 left. Training hours in 2025: 8.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
5.3m | 4.3m | 4.0m | 2.7m | 1.8m | 1.2m | 1.1m | 901,882 | 474,104 | 367,821 | 270,279 | 217,000 | 197,105 | 238,399 | 284,225 | |
21/28 |
368,952 | 360,005 | 260,569 | 121,750 | 85,775 | 96,224 | 139,827 | 108,769 | 35,902 | 28,838 | 40,046 | 35,019 | 41,427 | 66,752 | 66,420 | |
21 |
20,538 | 17,659 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
348,414 | 342,346 | 260,569 | 121,750 | 85,775 | 96,224 | 139,827 | 108,769 | 35,902 | 28,838 | 40,046 | 35,019 | 41,427 | 66,752 | 66,420 | |
23 |
89,603 | 35,145 | 8,916 | 4,675 | 3,739 | 5,608 | 7,858 | 1,246 | 2,111 | 2,977 | 1,942 | 2,863 | 6,566 | 10,270 | 13,973 | |
24 |
204,588 | 304,523 | 251,652 | 117,074 | 82,036 | 90,615 | 131,970 | 107,524 | 33,791 | 25,861 | 38,104 | 32,156 | 34,861 | 56,482 | 52,447 | |
26 |
54,223 | 2,678 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
4.9m | 3.9m | 3.7m | 2.6m | 1.8m | 1.1m | 924,715 | 793,113 | 438,201 | 338,983 | 230,233 | 181,981 | 155,677 | 171,647 | 217,805 | |
3 |
279,976 | 128,611 | 176,149 | 123,360 | 73,993 | 67,500 | 100,250 | 110,001 | 77,091 | - | - | - | - | - | - | |
30/36 |
279,976 | 128,611 | 176,149 | 123,360 | 73,993 | 67,500 | 25,250 | 23,245 | 16,964 | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | 75,000 | 86,756 | 60,127 | - | - | - | - | - | - | |
40/41 |
1.3m | 1.1m | 1.0m | 971,509 | 771,862 | 448,139 | 446,384 | 343,699 | 175,531 | 237,016 | 62,112 | 94,749 | 113,265 | 119,565 | 121,798 | |
40 |
1.1m | 839,830 | 815,069 | 770,360 | 635,246 | 379,885 | 369,746 | 293,860 | 141,272 | 221,814 | 62,041 | 82,219 | 113,265 | 118,649 | 113,592 | |
41 |
185,888 | 285,054 | 190,725 | 201,148 | 136,616 | 68,255 | 76,638 | 49,840 | 34,260 | 15,201 | 71 | 12,530 | - | 916 | 8,206 | |
50/53 |
2.2m | 1.9m | 1.9m | 30,000 | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
1.1m | 746,599 | 656,512 | 1.4m | 899,369 | 589,881 | 347,557 | 334,577 | 174,732 | 96,920 | 153,521 | 80,802 | 37,673 | 47,618 | 93,973 | |
490/1 |
76,525 | 8,738 | 10,606 | 43,822 | 8,433 | 5,378 | 30,524 | 4,836 | 10,848 | 5,047 | 14,600 | 6,430 | 4,739 | 4,464 | 2,034 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
5.3m | 4.3m | 4.0m | 2.7m | 1.8m | 1.2m | 1.1m | 901,882 | 474,104 | 367,821 | 270,279 | 217,000 | 197,105 | 238,399 | 284,225 | |
10/15 |
3.9m | 3.6m | 2.5m | 1.5m | 782,188 | 482,940 | 435,043 | 418,104 | 332,037 | 249,186 | 190,302 | 128,302 | 49,661 | 99,984 | 83,046 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 76,700 | 76,700 | 76,700 | 76,700 | 76,700 | 76,700 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 76,700 | 76,700 | 76,700 | 76,700 | 76,700 | 76,700 | 20,000 | 20,000 | 20,000 | |
13 |
3.9m | 3.5m | 2.5m | 1.4m | 762,188 | 462,940 | 358,343 | 341,404 | 255,337 | 172,486 | 113,602 | 51,602 | 29,661 | 79,984 | 63,046 | |
130/1 |
- | - | 0 | 7,670 | 7,670 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 7,670 | 7,670 | 7,670 | 7,670 | 3,097 | 3,097 | 2,000 | 2,000 | 2,000 | |
1311 |
- | - | 0 | 7,670 | 7,670 | - | - | - | - | - | - | - | - | - | - | |
132 |
943,040 | 1.2m | 814,635 | 498,885 | 183,135 | 65,176 | 65,176 | 127,176 | 124,000 | 62,000 | 62,000 | - | - | - | - | |
133 |
3.0m | 2.3m | 1.7m | 938,059 | 571,383 | 397,764 | 285,497 | 206,558 | 123,667 | 102,816 | 48,505 | 48,505 | 27,661 | 77,984 | 61,046 | |
14 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
1.3m | 746,670 | 1.5m | 1.2m | 1.1m | 724,182 | 629,499 | 483,779 | 142,066 | 118,634 | 79,977 | 88,698 | 147,443 | 138,415 | 201,179 | |
17 |
- | - | 0 | 1,402 | 18,117 | 34,644 | 4,220 | 21,004 | - | 3,973 | 15,739 | - | - | 8,291 | 20,377 | |
170/4 |
- | - | 0 | 1,402 | 18,117 | 34,644 | 4,220 | 21,004 | - | 3,973 | 15,739 | - | - | 8,291 | 20,377 | |
42/48 |
1.1m | 549,724 | 1.3m | 1.2m | 820,627 | 689,538 | 595,557 | 459,756 | 118,345 | 108,636 | 58,238 | 88,698 | 108,319 | 130,124 | 118,179 | |
42 |
- | 0 | 1,402 | 16,716 | 16,527 | 20,561 | 16,783 | 16,628 | 3,973 | 11,766 | 11,540 | - | 8,291 | 12,086 | 11,677 | |
43 |
2,990 | 1,487 | 5,031 | 16,809 | 31,709 | 25,385 | 1,533 | 1,251 | 2,832 | - | - | - | - | - | - | |
430/8 |
2,990 | 1,487 | 5,031 | 5,084 | 4,210 | 409 | 1,533 | 1,251 | 2,832 | - | - | - | - | - | - | |
439 |
- | - | 0 | 11,725 | 27,500 | 24,976 | - | - | - | - | - | - | - | - | - | |
44 |
1.0m | 419,399 | 919,889 | 852,781 | 691,510 | 474,819 | 518,997 | 384,854 | 92,946 | 47,358 | 25,732 | 66,284 | 29,679 | 96,512 | 45,472 | |
440/4 |
1.0m | 419,399 | 919,889 | 852,781 | 691,510 | 474,819 | 518,997 | 384,854 | 92,946 | 47,358 | 25,732 | 66,284 | 29,679 | 96,512 | 45,472 | |
45 |
76,701 | 101,479 | 108,650 | 241,692 | 53,238 | 46,877 | 54,370 | 56,698 | 17,362 | 48,270 | 20,155 | 20,126 | 11,959 | 17,894 | 55,746 | |
450/3 |
7,462 | 31,260 | 36,198 | 179,862 | 18,356 | 8,907 | 4,695 | 11,557 | 4,257 | 31,942 | 10,721 | 13,806 | 9,967 | 8,616 | 31,281 | |
454/9 |
69,239 | 70,220 | 72,451 | 61,830 | 34,881 | 37,971 | 49,675 | 45,140 | 13,105 | 16,327 | 9,433 | 6,320 | 1,991 | 9,277 | 24,465 | |
47/48 |
19,628 | 27,358 | 277,922 | 34,901 | 27,643 | 121,896 | 3,873 | 325 | 1,233 | 1,242 | 810 | 2,288 | 58,391 | 3,632 | 5,284 | |
492/3 |
227,370 | 196,947 | 162,552 | 45,700 | 218,500 | - | 29,722 | 3,019 | 23,721 | 6,026 | 6,000 | - | 39,124 | - | 62,623 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | 523,411 | 429,790 | 552,856 | 631,494 | |
76A |
3,800 | 3,500 | 5,000 | - | - | - | - | 6,992 | - | - | - | - | - | - | - | |
9900 |
2.3m | 2.7m | 2.8m | 1.9m | 1.3m | 995,738 | 871,701 | 857,892 | 668,654 | 426,547 | 369,189 | 209,079 | 239,499 | 331,503 | 336,787 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | 324,416 | 196,931 | 228,887 | 304,340 | |
62 |
1.1m | 1.2m | 1.0m | 932,961 | 873,509 | 797,803 | 784,991 | 682,188 | 521,389 | 313,844 | 246,503 | 134,255 | 162,764 | 248,807 | 218,275 | |
630 |
91,108 | 84,450 | 47,208 | 46,034 | 43,048 | 43,604 | 44,089 | 32,161 | 18,594 | 13,719 | 27,323 | 34,808 | 25,325 | 30,468 | 22,600 | |
631/4 |
2,467 | 1,279 | - | - | 0 | 4,860 | - | - | - | - | - | - | -26,565 | 26,565 | - | |
640/8 |
25,711 | 27,518 | 26,747 | 23,198 | 4,915 | 3,352 | 9,137 | 2,120 | 3,050 | 2,621 | 1,899 | 9,868 | 60,179 | 1,701 | 3,935 | |
9901 |
1.0m | 1.4m | 1.7m | 925,595 | 406,870 | 146,119 | 33,483 | 141,423 | 125,621 | 96,363 | 93,465 | 30,148 | 17,796 | 23,963 | 91,977 | |
75/76B |
73,917 | 58,305 | 23,455 | 6,957 | 2,601 | 645 | 1,845 | 202 | 420 | 325 | 17 | 4,680 | 193 | 402 | 110 | |
75 |
73,917 | 58,305 | 23,455 | 6,957 | 2,601 | 645 | 1,845 | 202 | 420 | 325 | 17 | 4,680 | 193 | 402 | 110 | |
65/66B |
1,480 | 19,236 | 6,992 | 955 | 924 | 10,149 | 14,798 | 19,938 | 406 | 1,217 | 785 | 787 | 622 | 1,163 | 725 | |
65 |
1,480 | 19,236 | 6,992 | 955 | 924 | 10,149 | 14,798 | 19,938 | 406 | 1,217 | 785 | 787 | 622 | 1,163 | 725 | |
9903 |
1.1m | 1.4m | 1.7m | 931,597 | 408,548 | 136,615 | 20,530 | 121,687 | 125,635 | 95,471 | 92,697 | 34,041 | 17,367 | 23,202 | 91,361 | |
67/77 |
272,124 | 380,611 | 421,184 | 249,171 | 109,300 | 32,018 | 3,591 | 35,621 | 42,784 | 36,587 | 30,697 | 12,100 | 4,690 | 6,264 | 28,315 | |
9904 |
820,093 | 1.0m | 1.3m | 682,426 | 299,248 | 104,597 | 16,939 | 86,066 | 82,851 | 58,884 | 62,000 | 21,941 | 12,677 | 16,938 | 63,046 | |
789 |
482,045 | - | - | 0 | 65,176 | - | 62,000 | - | - | - | - | - | 63,000 | - | - | |
689 |
189,450 | 421,000 | 315,750 | 315,750 | 183,135 | - | - | 3,176 | 62,000 | - | 62,000 | - | - | - | - | |
9905 |
1.1m | 597,365 | 1.0m | 366,676 | 181,289 | 104,597 | 78,939 | 82,891 | 20,851 | 58,884 | - | 21,941 | 75,677 | 16,938 | 63,046 | |
| Appropriation of the result | ||||||||||||||||
9906 |
1.1m | 597,365 | 1.0m | 366,676 | 181,289 | 104,597 | 78,939 | 82,891 | 20,851 | 58,884 | - | 21,941 | 75,677 | 16,938 | 63,046 | |
791/2 |
428,364 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
1.1m | 597,365 | 754,508 | 366,676 | 181,289 | 104,597 | 78,939 | 82,891 | 20,851 | 58,884 | - | 21,941 | 12,677 | 16,938 | 63,046 | |
6920 |
- | - | - | - | - | - | - | - | - | 4,573 | - | 1,097 | - | - | 2,000 | |
6921 |
1.1m | 597,365 | 754,508 | 366,676 | 181,289 | 104,597 | 78,939 | 82,891 | 20,851 | 54,311 | - | 20,844 | 12,677 | 16,938 | 61,046 | |
694/7 |
428,364 | 0 | 250,000 | - | - | - | - | - | - | - | - | - | 63,000 | - | - | |
694 |
428,364 | - | - | - | - | - | - | - | - | - | - | - | 63,000 | - | - | |
695 |
- | 0 | 250,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
16.6 | 17.6 | 16.4 | 14.5 | 14.4 | 15.5 | 14.1 | 12.4 | 10.8 | 6.6 | 5 | 2.8 | 3.7 | 4.8 | 3.4 | |
Hours worked1013 |
26,269 | 28,665 | 24,892 | 24,103 | 24,909 | 23,601 | 24,019 | 21,365 | 17,627 | 10,608 | 8,672 | 4,148 | 5,032 | 8,176 | 7,248 | |
| Document | ||||||||||||||||
The notes to these accounts have 14 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 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00426847.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00426847 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00252012 | |
| 31-12-2023 | abbreviated format | 20-08-2024 | 2024-00354608 | |
| 31-12-2022 | abbreviated format | 01-09-2023 | 2023-00407455 | |
| 31-12-2021 | abbreviated format | 18-08-2022 | 2022-20298183 | |
| 31-12-2020 | abbreviated format | 26-07-2021 | 2021-39200521 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-64900594 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-53200459 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-53200188 | |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-49200382 | |
| 31-12-2015 | abbreviated format | 09-06-2016 | 2016-16100314 | |
| 31-12-2014 | abbreviated format | 09-07-2015 | 2015-28200428 | |
| 31-12-2013 | abbreviated format | 12-06-2014 | 2014-16900260 | |
| 31-12-2012 | abbreviated format | 07-06-2013 | 2013-15600124 | |
| 31-12-2011 | abbreviated format | 14-06-2012 | 2012-16800511 |
Subsidies and aid
Flemish government 2024 to 2025, 2 entries, €5,117 awarded, €5,117 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €4,920 | €4,920 |
| 2024 | 1 | €197 | €197 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.1m | 1.4m | 1.8m | 971,629 | 449,919 | 189,723 | 77,572 | 173,584 | 144,216 | 110,082 | 120,787 | 64,956 | 43,121 | 54,431 | 114,576 | ||
| 911,201 | 1.1m | 1.4m | 728,459 | 342,296 | 148,201 | 61,029 | 118,227 | 101,445 | 72,603 | 89,323 | 56,749 | 38,002 | 47,406 | 85,645 | ||
| 132,927 | 183,886 | 186,027 | 82,008 | 32,600 | 0 | 75,147 | 117,536 | 25,658 | 2,511 | 37,277 | 28,400 | 0 | 30,800 | 89,019 | ||
| 334,570 | 90,087 | -727,661 | 484,804 | 309,488 | 242,323 | 12,981 | 159,845 | 77,811 | -56,601 | 72,719 | 43,129 | -9,945 | -46,355 | - | ||
| 3.8m | 3.4m | 2.4m | 1.4m | 933,030 | 421,360 | 329,158 | 333,357 | 319,856 | 230,347 | 171,995 | 93,283 | 47,358 | 41,523 | 99,626 | ||
| - | - | - | - | - | - | - | - | - | - | - | 5.8% | 4.1% | 4.3% | 14.6% | ||
| 74.7% | 82.6% | 63.2% | 54.8% | 42.5% | 40.0% | 40.9% | 46.4% | 70.0% | 67.7% | 70.4% | 59.1% | 25.2% | 41.9% | 29.2% | ||
| 4.43 | 7.17 | 2.86 | 2.20 | 2.14 | 1.61 | 1.55 | 1.73 | 3.70 | 3.12 | 3.95 | 2.05 | 1.44 | 1.32 | 1.84 | ||
| 4.17 | 6.93 | 2.72 | 2.09 | 2.05 | 1.51 | 1.38 | 1.49 | 3.05 | 3.12 | 3.95 | 2.05 | 1.44 | 1.32 | 1.84 | ||
| 0.34 | 0.21 | 0.58 | 0.83 | 1.35 | 1.50 | 1.45 | 1.16 | 0.43 | 0.48 | 0.42 | 0.69 | 2.97 | 1.38 | 2.42 | ||
| 20.8% | 28.7% | 52.1% | 46.6% | 38.3% | 21.7% | 3.9% | 20.6% | 25.0% | 23.6% | 32.6% | 17.1% | 25.5% | 16.9% | 75.9% | ||
| 15.5% | 23.7% | 32.9% | 25.5% | 16.3% | 8.7% | 1.6% | 9.5% | 17.5% | 16.0% | 22.9% | 10.1% | 6.4% | 7.1% | 22.2% | ||
| over 100 | 75.09 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | 57 days | 96 days | 78 days | 66 days | ||
| - | - | - | - | - | - | - | - | - | - | - | 75 days | 55 days | 154 days | 55 days |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 17 | 19 | 15 | 15 |
| full-time | 16 | 16 | 17 | 14 | 15 |
| part-time | 0 | 1 | 2 | 1 | 0 |
| in full-time equivalents | 16 | 16.5 | 17.6 | 14.5 | 0 |
| 16.6 | 17.6 | 16.4 | 14.5 | - | |
| On a permanent contract | 15 | 14 | 14 | 14 | 13 |
| Joined | 5 | 3 | 9 | 4 | 4 |
| Left | 6 | 5 | 5 | 4 | 4 |
| Training hours | 8 | 0 | 0 | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €125,829 | €163,240 | €186,027 | €82,008 | €32,600 |
| Intangible fixed assets | €7,098 | €20,646 | - | - | - |
| €91,108 | €84,450 | €47,208 | €46,034 | €43,048 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on L & E Construct
The operating result for 2025 is 25% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 17.4% to 25.3%. Equity and debt are higher.