L S - CONSTRUCT
ActiveSummary
L S - CONSTRUCT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.52M and a net result of €399k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+38
Solvency94▲+20
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 3.87 against 2.23 in 2024; short-term debt: 21.1% and cash: 2.3% of total assets), and 30.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
69.3%
Return on assets
11%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €2.52M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
45 d early
2023
39 d early
2022
88 d early
2021
24 d early
2020
129 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.52M▲ 18.8%
2024 · €2.12M
2019: €2.40M
2020: €2.91M▲ +21.1% vs 2019highest in 7 years
2021: €2.77M▼ -4.6% vs 2020
2022: €2.37M▼ -14.6% vs 2021
2023: €2.07M▼ -12.4% vs 2022lowest in 7 years
2024: €2.12M▲ +2.2% vs 2023
2025: €2.52M▲ +18.8% vs 2024
2019 → 2025
Total assets
€3.63M▼ 15.4%
2024 · €4.29M
2019: €4.92Mhighest in 7 years
2020: €4.82M▼ -2.0% vs 2019
2021: €4.33M▼ -10.1% vs 2020
2022: €3.29M▼ -24.1% vs 2021
2023: €3.24M▼ -1.5% vs 2022lowest in 7 years
2024: €4.29M▲ +32.7% vs 2023
2025: €3.63M▼ -15.4% vs 2024
2019 → 2025
Net result
€399k▲ 765%
2024 · €46k
2019: €429k
2020: €507k▲ +18.4% vs 2019highest in 7 years
2021: €91k▼ -82.1% vs 2020
2022: €97k▲ +6.8% vs 2021
2023: €32k▼ -66.8% vs 2022lowest in 7 years
2024: €46k▲ +42.8% vs 2023
2025: €399k▲ +765% vs 2024
2019 → 2025
Working capital
€2.20M▼ 1.3%
2024 · €2.23M
2019: €2.50M
2020: €3.00M▲ +20.1% vs 2019highest in 7 years
2021: €2.92M▼ -2.9% vs 2020
2022: €2.07M▼ -28.9% vs 2021lowest in 7 years
2023: €2.25M▲ +8.6% vs 2022
2024: €2.23M▼ -1.1% vs 2023
2025: €2.20M▼ -1.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.77M-€2.37M▼ 14.6%€2.07M▼ 12.4%€2.12M▲ 2.2%€2.52M▲ 18.8%
2021: €2.77Mhighest in 5 years
2022: €2.37M▼ -14.6% vs 2021
2023: €2.07M▼ -12.4% vs 2022lowest in 5 years
2024: €2.12M▲ +2.2% vs 2023
2025: €2.52M▲ +18.8% vs 2024
Operating result€170k-€181k▲ 6.6%€89k▼ 51.1%€140k▲ 57.7%€633k▲ 353%
2021: €170k
2022: €181k▲ +6.6% vs 2021
2023: €89k▼ -51.1% vs 2022lowest in 5 years
2024: €140k▲ +57.7% vs 2023
2025: €633k▲ +353% vs 2024highest in 5 years
Net result€91k-€97k▲ 6.8%€32k▼ 66.8%€46k▲ 42.8%€399k▲ 765%
2021: €91k
2022: €97k▲ +6.8% vs 2021
2023: €32k▼ -66.8% vs 2022lowest in 5 years
2024: €46k▲ +42.8% vs 2023
2025: €399k▲ +765% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 353% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.63M
Fixed assets
€667k ▲ 165%
Current assets
€2.97M ▼ 26.6%
Equity and liabilities €3.63M
Equity
€2.52M ▲ 18.8%
Provisions
€32k ▼ 20.0%
Debt
€1.08M ▼ 49.2%
Debt's share of the balance-sheet total falls from 49.7% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€691k▲
2024 · €197k
Cash flow
€456k▲
2024 · €104k
Current ratio
3.87▲
2024 · 2.23
Quick ratio
0.99▲
2024 · 0.65
Debt to equity
0.43▼
2024 · 1.01
ROE
15.8%▲
2024 · 2.2%
ROA
11.0%▲
2024 · 1.1%
Interest coverage
11.71▲
2024 · 2.82
Debt ≤ 1 year
€767k▼
2024 · €1.81M
Debt > 1 year
€300k=
2024 · €300k
Income taxes
€186k▲
2024 · €33k
Staff costs
€5k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.29M€3.63M▼
Fixed assets21/28€252k€667k▲
Tangible fixed assets22/27€244k€659k▲
Land and buildings22€230k€571k▲
Plant, machinery and equipment23€2k€8k▲
Furniture and vehicles24€12k€81k▲
Financial fixed assets28€8k€8k=
Current assets29/58€4.04M€2.97M▼
Stocks and contracts in progress3€2.86M€2.20M▼
Stocks30/36€2.86M€2.20M▼
Amounts receivable within one year40/41€124k€181k▲
Trade receivables40€120k€177k▲
Other amounts receivable41€3k€3k▲
Current investments50/53€825k€495k▼
Cash at bank and in hand54/58€219k€82k▼
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€4.29M€3.63M▼
Equity10/15€2.12M€2.52M▲
Contributions10/11€250k€250k=
Reserves13€1.87M€2.27M▲
Non-distributable reserves130/1€135k€135k=
Reserves not available under the articles1311€88k€88k=
Other1319€47k€47k=
Tax-exempt reserves132€149k€130k▼
Distributable reserves133€1.59M€2.00M▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€40k€32k▼
Deferred taxes168€40k€32k▼
Amounts payable17/49€2.13M€1.08M▼
Amounts payable after more than one year17€300k€300k=
Financial debts170/4€300k€300k=
Amounts payable within one year42/48€1.81M€767k▼
Financial debts43€775k€475k▼
Other loans439€775k€475k▼
Trade debts44€462k€224k▼
Suppliers440/4€462k€224k▼
Advances received on contracts in progress46€396k€0▼
Taxes, remuneration and social security45€167k€56k▼
Taxes450/3€167k€56k▼
Other amounts payable47/48€13k€12k▼
Accrued charges and deferred income492/3€19k€16k▼
Income statement
Code20242025
Remuneration, social security and pensions62€6k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€58k▼
Other operating charges640/8€14k€15k▲
Gross operating margin9900€218k€711k▲
Operating profit (loss)9901€140k€633k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€70k€59k▼
Recurring financial charges65€70k€59k▼
Profit (loss) for the period before taxes9903€71k€577k▲
Transfer from deferred taxes780€8k€8k=
Income taxes67/77€33k€186k▲
Profit (loss) for the period9904€46k€399k▲
Transfer from tax-exempt reserves789€19k€19k=
Profit (loss) for the period to be appropriated9905€65k€417k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€417k▲
Transfer from equity791/2€0-
Transfer to equity691/2€65k€417k▲
To other reserves6921€65k€417k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.60.6=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €26k | €-250 | €6k | €5k | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €51k | €58k | €58k | €58k | ▼ 0.2% |
| Other operating charges640/8 | - | €9k | €10k | €14k | €15k | ▲ 0.1% |
| Gross operating margin9900 | €278k | €267k | €156k | €218k | €711k | ▲ 227% |
| Operating profit (loss)9901 | €170k | €181k | €89k | €140k | €633k | ▲ 353% |
| Financial income75/76B | - | €303 | €83 | €1k | €2k | ▲ 77.1% |
| Recurring financial income75 | €3k | €303 | €83 | €1k | €2k | ▲ 77.1% |
| Financial charges65/66B | - | €35k | €38k | €70k | €59k | ▼ 15.6% |
| Recurring financial charges65 | €35k | €35k | €38k | €70k | €59k | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €138k | €147k | €51k | €71k | €577k | ▲ 711% |
| Transfer from deferred taxes780 | - | €8k | €8k | €8k | €8k | = |
| Income taxes67/77 | €55k | €57k | €27k | €33k | €186k | ▲ 464% |
| Profit (loss) for the period9904 | €91k | €97k | €32k | €46k | €399k | ▲ 765% |
| Transfer from tax-exempt reserves789 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) for the period to be appropriated9905 | €109k | €116k | €51k | €65k | €417k | ▲ 546% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.33M | €3.29M | €3.24M | €4.29M | €3.63M | ▼ 15.4% |
| Fixed assets21/28 | €396k | €360k | €302k | €252k | €667k | ▲ 165% |
| Tangible fixed assets22/27 | €388k | €352k | €294k | €244k | €659k | ▲ 170% |
| Land and buildings22 | - | €311k | €270k | €230k | €571k | ▲ 148% |
| Plant, machinery and equipment23 | - | - | - | €2k | €8k | ▲ 273% |
| Furniture and vehicles24 | - | €41k | €24k | €12k | €81k | ▲ 567% |
| Financial fixed assets28 | €8k | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €3.93M | €2.93M | €2.93M | €4.04M | €2.97M | ▼ 26.6% |
| Stocks and contracts in progress3 | €1.67M | €1.79M | €2.52M | €2.86M | €2.20M | ▼ 23.1% |
| Stocks30/36 | - | €1.79M | €2.52M | €2.86M | €2.20M | ▼ 23.1% |
| Amounts receivable within one year40/41 | €430k | €20k | €22k | €124k | €181k | ▲ 46.0% |
| Trade receivables40 | - | €17k | €17k | €120k | €177k | ▲ 47.1% |
| Other amounts receivable41 | - | €3k | €5k | €3k | €3k | ▲ 4.3% |
| Current investments50/53 | €1.57M | €1.02M | €345k | €825k | €495k | ▼ 40.0% |
| Cash at bank and in hand54/58 | €257k | €94k | €35k | €219k | €82k | ▼ 62.6% |
| Deferred charges and accrued income490/1 | - | €8k | €8k | €9k | €5k | ▼ 37.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.33M | €3.29M | €3.24M | €4.29M | €3.63M | ▼ 15.4% |
| Equity10/15 | €2.77M | €2.37M | €2.07M | €2.12M | €2.52M | ▲ 18.8% |
| Contributions10/11 | - | €250k | €250k | €250k | €250k | = |
| Reserves13 | €2.52M | €2.12M | €1.82M | €1.87M | €2.27M | ▲ 21.3% |
| Non-distributable reserves130/1 | - | €135k | €135k | €135k | €135k | = |
| Reserves not available under the articles1311 | - | €88k | €88k | €88k | €88k | = |
| Other1319 | - | €47k | €47k | €47k | €47k | = |
| Tax-exempt reserves132 | - | €186k | €167k | €149k | €130k | ▼ 12.4% |
| Distributable reserves133 | - | €1.80M | €1.52M | €1.59M | €2.00M | ▲ 26.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €63k | €56k | €48k | €40k | €32k | ▼ 20.0% |
| Deferred taxes168 | - | €56k | €48k | €40k | €32k | ▼ 20.0% |
| Amounts payable17/49 | €1.49M | €861k | €1.11M | €2.13M | €1.08M | ▼ 49.2% |
| Amounts payable after more than one year17 | €462k | €0 | €420k | €300k | €300k | = |
| Financial debts170/4 | - | €0 | €420k | €300k | €300k | = |
| Amounts payable within one year42/48 | €1.02M | €852k | €682k | €1.81M | €767k | ▼ 57.7% |
| Financial debts43 | - | €475k | €475k | €775k | €475k | ▼ 38.7% |
| Credit institutions430/8 | - | €475k | - | - | - | - |
| Other loans439 | - | - | €475k | €775k | €475k | ▼ 38.7% |
| Trade debts44 | €403k | €175k | €182k | €462k | €224k | ▼ 51.5% |
| Suppliers440/4 | - | €175k | €182k | €462k | €224k | ▼ 51.5% |
| Advances received on contracts in progress46 | - | €189k | €0 | €396k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €9k | €11k | €167k | €56k | ▼ 66.7% |
| Taxes450/3 | - | €7k | €11k | €167k | €56k | ▼ 66.7% |
| Remuneration and social security454/9 | - | €2k | €0 | - | - | - |
| Other amounts payable47/48 | - | €3k | €13k | €13k | €12k | ▼ 8.2% |
| Accrued charges and deferred income492/3 | - | €10k | €12k | €19k | €16k | ▼ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91k | €97k | €32k | €46k | €399k | ▲ 765% |
| + Depreciation and write-downs630 | €54k | €51k | €58k | €58k | €58k | ▼ 0.2% |
| Operating cash flow (approximation) | €145k | €148k | €90k | €104k | €456k | ▲ 340% |
| Investment in fixed assets (approximation) | - | €-15k | €0 | €-8k | €-473k | ▼ 6,017% |
| Change in cash | - | €-163k | €-59k | €184k | €-137k | ▼ 174% |
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €32k ▼66.8%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €507k ▲18.4%
Operating result €819k, net result €507k, both a record.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
22-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Knokke-Heist · 1 establishment unit since 1992
Ground area
222 m²
Building footprint
221 m²
Volume, LiDAR
1,813 m³
Parcel 31334B0961/00A000, Flanders · tallest building 17.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LS CONSTRUCT
since 19922.060.177.060
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0961/00A000 | Flanders | 222 m² | 1 · 221 m² | 17.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 139 EUR awarded · 139 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 35 EUR | 35 EUR |
| 2024 | 1 | 45 EUR | 45 EUR |
| 2022 | 1 | 59 EUR | 59 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,453 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
Founded27-11-1992
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
41001General construction of residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.