L & S CONSTRUCT
ActiveL & S CONSTRUCT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €-225k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 2167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-25
Solvency42▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.21 in 2024; short-term debt: 79.8% and cash: 0.5% of total assets), and 82.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
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
17.4%
Return on assets
-13.4%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-225k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-02-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
25 d late
2023
28 d late
2022
28 d late
2021
18 d late
2020
22 d late
2019
28 d late
← before the deadline
after the deadline →
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 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€291k▼ 43.5%
2024 · €516k
2019: €612k
2020: €726k
2021: €760k
2022: €632k
2023: €555k
2024: €516k
2019 → 2025
Total assets
€1.67M▼ 18.7%
2024 · €2.06M
2019: €3.36M
2020: €2.92M
2021: €2.83M
2022: €2.43M
2023: €2.58M
2024: €2.06M
2019 → 2025
Net result
€-225k▼ 473%
2024 · €-39k
2019: €64k
2020: €113k
2021: €34k
2022: €56k
2023: €34k
2024: €-39k
2019 → 2025
Working capital
€103k▼ 65.8%
2024 · €301k
2019: €557k
2020: €651k
2021: €633k
2022: €471k
2023: €356k
2024: €301k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€760k-€632k▼ 16.8%€555k▼ 12.2%€516k▼ 7.1%€291k▼ 43.5%
Operating result€100k-€106k▲ 5.6%€86k▼ 18.4%€-14k€-179k▼ 1,137%
Net result€34k-€56k▲ 64.1%€34k▼ 39.8%€-39k€-225k▼ 473%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €179k in 2025 against €14k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€235k▼ 24.1%
Current assets
€1.44M▼ 17.8%
Equity and liabilities €1.67M
Equity
€291k▼ 43.5%
Debt
€1.38M▼ 10.5%
The debt ratio rises from 75.0% to 82.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-108k▼
2024 · €51k
Cash flow
€-153k▼
2024 · €26k
Solvency
17.4%▼
2024 · 25.0%
Current ratio
1.08▼
2024 · 1.21
Quick ratio
0.92▼
2024 · 1.07
Debt / equity
4.75▲
2024 · 3.00
ROE
-77.1%▼
2024 · -7.6%
ROA
-13.4%▼
2024 · -1.9%
Interest coverage
-2.29▼
2024 · 1.28
Debt
€1.38M▼
2024 · €1.55M
Debt ≤ 1 year
€1.34M▼
2024 · €1.45M
Debt > 1 year
€44k▼
2024 · €91k
Income taxes
€1k▼
2024 · €1k
Staff costs
€562k▼
2024 · €582k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.06M€1.67M▼
Fixed assets21/28€310k€235k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€305k€234k▼
Land and buildings22€119k€105k▼
Plant, machinery and equipment23€43k€26k▼
Furniture and vehicles24€18k€13k▼
Leasing and similar rights25€126k€91k▼
Financial fixed assets28€5k€654▼
Current assets29/58€1.75M€1.44M▼
Stocks and contracts in progress3€206k€209k▲
Stocks30/36€101k€101k=
Contracts in progress37€105k€108k▲
Amounts receivable within one year40/41€1.36M€1.17M▼
Trade receivables40€930k€707k▼
Other amounts receivable41€432k€464k▲
Current investments50/53€80k€22k▼
Cash at bank and in hand54/58€53k€8k▼
Deferred charges and accrued income490/1€50k€30k▼
Equity and liabilities
Total equity and liabilities10/49€2.06M€1.67M▼
Equity10/15€516k€291k▼
Contributions10/11€12k€12k=
Reserves13€503k€301k▼
Distributable reserves133€503k€301k▼
Profit (loss) carried forward14-€-22k
Amounts payable17/49€1.55M€1.38M▼
Amounts payable after more than one year17€91k€44k▼
Financial debts170/4€91k€44k▼
Amounts payable within one year42/48€1.45M€1.34M▼
Current portion of amounts payable after more than one year42€62k€47k▼
Financial debts43€377k€360k▼
Credit institutions430/8€377k€360k▼
Trade debts44€776k€671k▼
Suppliers440/4€776k€671k▼
Taxes, remuneration and social security45€98k€166k▲
Taxes450/3€47k€52k▲
Remuneration and social security454/9€51k€114k▲
Other amounts payable47/48€137k€92k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€9k€13k▲
Remuneration, social security and pensions62€582k€562k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€72k▲
Other operating charges640/8€10k€15k▲
Non-recurring operating charges66A€4k€6k▲
Gross operating margin9900€647k€475k▼
Operating profit (loss)9901€-14k€-179k▼
Financial income75/76B€16k€3k▼
Recurring financial income75€16k€3k▼
Financial charges65/66B€39k€47k▲
Recurring financial charges65€39k€47k▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€-38k€-224k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-39k€-225k▼
Profit (loss) for the period to be appropriated9905€-39k€-225k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-225k▼
Transfer from equity791/2€39k€202k▲
Social balance
Average headcount (FTE)908713.713.0▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
30-06
Financial
Weakest financial yearnet €-225k
Net result drops to €-225k, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 22 days late
2020
30-06
Financial
Highest result since 2019net €113k ▲76%
Operating result €254k, net result €113k, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Zottegem · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentse Steenweg 679620 ZottegemGround area
597 m²
Building footprint
94 m²
Volume, LiDAR
579 m³
Parcel 41023A1179/00H000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L & S CONSTRUCT BVBA
since 20032.134.498.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A1179/00H000 | Flanders | 597 m² | 1 · 94 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
10 categoriesL & S CONSTRUCT BV36640
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ALGEMENE BOUWTECHNIEKEN
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 11,071 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2003
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
45211
43211General electrical installation work
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43410Roofing work
45212
45220
45310
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.