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L & S CONSTRUCTIONS

Active
Private limited companyfounded 200223 yrs activeAvenue de l'Europe(SG) 10, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 0478.613.440
Summary

L & S CONSTRUCTIONS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €1k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 837 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability30▲+25
Solvency43▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.5 in 2024; short-term debt: 37.6% and cash: 16.9% of total assets), but 81.8% 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+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
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
18.2%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 filings
Deviation from the deadline
2025
5 d late
2024
25 d late
2023
12 d early
2022
7 d early
2021
36 d late
2020
3 d early
2019
27 d late
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k
2024 · €-13k
2018: €4k 2019: €3k▼ -31.1% vs 2018 2020: €2k▼ -33.1% vs 2019 2021: €5k▲ +151% vs 2020highest in 8 years 2022: €-16k▼ -432% vs 2021lowest in 8 years 2023: €368▲ +102% vs 2022 2024: €-13k▼ -3659% vs 2023 2025: €1k▲ +109% vs 2024
2018 → 2025
Working capital
€38k▲ 5.9%
2024 · €36k
2018: €36k 2019: €38k▲ +5.9% vs 2018 2020: €37k▼ -4.4% vs 2019 2021: €39k▲ +6.5% vs 2020highest in 8 years 2022: €27k▼ -29.9% vs 2021lowest in 8 years 2023: €31k▲ +13.8% vs 2022 2024: €36k▲ +14.6% vs 2023 2025: €38k▲ +5.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€47k-€31k▼ 34.6%€31k▲ 1.2%€18k▼ 42.2%€19k▲ 6.4% 2021: €47khighest in 5 years 2022: €31k▼ -34.6% vs 2021 2023: €31k▲ +1.2% vs 2022 2024: €18k▼ -42.2% vs 2023lowest in 5 years 2025: €19k▲ +6.4% vs 2024
Operating result€38k-€-14k€3k€-19k€5k 2021: €38khighest in 5 years 2022: €-14k▼ -136% vs 2021 2023: €3k▲ +124% vs 2022 2024: €-19k▼ -684% vs 2023lowest in 5 years 2025: €5k▲ +127% vs 2024
Net result€5k-€-16k€368€-13k€1k 2021: €5khighest in 5 years 2022: €-16k▼ -432% vs 2021lowest in 5 years 2023: €368▲ +102% vs 2022 2024: €-13k▼ -3659% vs 2023 2025: €1k▲ +109% vs 2024
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40kOperating result 2021: €38k€38kNet result 2021: €5k€5kOperating result 2022: €-14k€-14kNet result 2022: €-16k€-16kOperating result 2023: €3k€3kNet result 2023: €368€368Operating result 2024: €-19k€-19kNet result 2024: €-13k€-13kOperating result 2025: €5k€5kNet result 2025: €1k€1k20212022202320242025€-20k€-10k€0€10kOperating result 2023: €3k€3.3kNet result 2023: €368€368Operating result 2024: €-19k€-19kNet result 2024: €-13k€-13kOperating result 2025: €5k€5.2kNet result 2025: €1k€1.1k202320242025
The operating result returns to profit in 2025: €5k after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets €28k ▼ 50.9%
Current assets €77k ▲ 29.5%
Equity and liabilities €105k
Equity €19k ▲ 6.4%
Debt €86k ▼ 12.4%
Debt's share of the balance-sheet total falls from 84.5% to 81.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8k▲
2024 · €-11k
Cash flow
€4k▲
2024 · €-4k
Current ratio
1.96▼
2024 · 2.50
Quick ratio
1.60▼
2024 · 2.24
Debt to equity
4.49▼
2024 · 5.45
ROE
6.0%▲
2024 · -72.9%
ROA
1.1%▲
2024 · -11.3%
Interest coverage
1.17▲
2024 · -3.36
Debt ≤ 1 year
€39k▲
2024 · €24k
Debt > 1 year
€46k▼
2024 · €74k
Income taxes
€314▲
2024 · €238
Staff costs
€55k▼
2024 · €57k
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 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€116k€105k▼
Fixed assets21/28€56k€28k▼
Tangible fixed assets22/27€56k€26k▼
Furniture and vehicles24€56k€26k▼
Financial fixed assets28€82€1k▲
Current assets29/58€60k€77k▲
Stocks and contracts in progress3€6k€14k▲
Stocks30/36€6k€14k▲
Amounts receivable within one year40/41€53k€45k▼
Trade receivables40€50k€45k▼
Other amounts receivable41€3k€289▼
Cash at bank and in hand54/58-€18k
Deferred charges and accrued income490/1€133€133=
Equity and liabilities
Total equity and liabilities10/49€116k€105k▼
Equity10/15€18k€19k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€10k€11k▲
Amounts payable17/49€98k€86k▼
Amounts payable after more than one year17€74k€46k▼
Financial debts170/4€74k€46k▼
Amounts payable within one year42/48€24k€39k▲
Current portion of amounts payable after more than one year42€7k€18k▲
Financial debts43€6k€8k▲
Credit institutions430/8€6k€8k▲
Trade debts44€774€1k▲
Suppliers440/4€774€1k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€440€6k▲
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48-€376
Income statement Code20242025
Remuneration, social security and pensions62€57k€55k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€3k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€48k€65k▲
Operating profit (loss)9901€-19k€5k▲
Financial income75/76B€10k€3k▼
Recurring financial income75€3€6▲
Non-recurring financial income76B€10k€3k▼
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€-13k€1k▲
Income taxes67/77€238€314▲
Profit (loss) for the period9904€-13k€1k▲
Profit (loss) for the period to be appropriated9905€-13k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€11k▲
Profit (loss) brought forward from the previous period14P€23k€10k▼
Social balance
Average headcount (FTE)90872.02.0=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Remuneration, social security and pensions62€10k€40k€46k€57k€55k▼ 2.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k€12k€9k€3k▼ 63.5%
Other operating charges640/8€2k€2k€4k€2k€2k▼ 26.1%
Gross operating margin9900€56k€40k€65k€48k€65k▲ 35.8%
Operating profit (loss)9901€38k€-14k€3k€-19k€5k▲ 127%
Financial income75/76B€967€1€3€10k€3k▼ 64.3%
Recurring financial income75€54€1€3€3€6▲ 136%
Non-recurring financial income76B€913--€10k€3k▼ 64.4%
Financial charges65/66B€34k€2k€3k€3k€7k▲ 127%
Recurring financial charges65€2k€2k€3k€3k€7k▲ 127%
Non-recurring financial charges66B€31k€298----
Profit (loss) for the period before taxes9903€5k€-16k€471€-13k€1k▲ 111%
Income taxes67/77€37€596€102€238€314▲ 31.8%
Profit (loss) for the period9904€5k€-16k€368€-13k€1k▲ 109%
Profit (loss) for the period to be appropriated9905€5k€-16k€368€-13k€1k▲ 109%
Line20212022202320242025Change
Assets
Total assets20/58€119k€99k€72k€116k€105k▼ 9.5%
Fixed assets21/28€42k€31k€20k€56k€28k▼ 50.9%
Tangible fixed assets22/27€42k€31k€20k€56k€26k▼ 53.1%
Furniture and vehicles24€42k€31k€20k€56k€26k▼ 53.1%
Financial fixed assets28€82€82€82€82€1k▲ 1,459%
Current assets29/58€77k€69k€52k€60k€77k▲ 29.5%
Stocks and contracts in progress3€967€13k€5k€6k€14k▲ 131%
Stocks30/36€967€13k€5k€6k€14k▲ 131%
Amounts receivable within one year40/41€64k€52k€45k€53k€45k▼ 15.3%
Trade receivables40€52k€51k€43k€50k€45k▼ 10.3%
Other amounts receivable41€12k€931€2k€3k€289▼ 91.3%
Cash at bank and in hand54/58€9k€878€516-€18k-
Deferred charges and accrued income490/1€3k€3k€1k€133€133=
Equity and liabilities
Total equity and liabilities10/49€119k€99k€72k€116k€105k▼ 9.5%
Equity10/15€47k€31k€31k€18k€19k▲ 6.4%
Contributions10/11€6k€6k€6k€6k€6k=
Capital10€6k€6k€6k€6k€6k=
Issued capital100€19k€19k€19k€19k€19k=
Uncalled capital101€12k€12k€12k€12k€12k=
Reserves13€2k€2k€2k€2k€2k=
Non-distributable reserves130/1€2k€2k€2k€2k€2k=
Legal reserve130€2k€2k€2k€2k€2k=
Profit (loss) carried forward14€39k€23k€23k€10k€11k▲ 11.6%
Amounts payable17/49€72k€68k€41k€98k€86k▼ 12.4%
Amounts payable after more than one year17€35k€27k€20k€74k€46k▼ 37.4%
Financial debts170/4€35k€27k€20k€74k€46k▼ 37.4%
Amounts payable within one year42/48€37k€41k€21k€24k€39k▲ 65.0%
Current portion of amounts payable after more than one year42€8k€7k€7k€7k€18k▲ 140%
Financial debts43--€3k€6k€8k▲ 33.5%
Credit institutions430/8--€3k€6k€8k▲ 33.5%
Trade debts44€9k€17k€5k€774€1k▲ 44.7%
Suppliers440/4€9k€17k€5k€774€1k▲ 44.7%
Advances received on contracts in progress46€5k€5k--€1k-
Taxes, remuneration and social security45€9k€8k€5k€9k€11k▲ 13.5%
Taxes450/3€5k€6k€199€440€6k▲ 1,203%
Remuneration and social security454/9€4k€2k€5k€9k€5k▼ 45.0%
Other amounts payable47/48€6k€4k--€376-
Line20212022202320242025Change
Profit (loss) for the period9904€5k€-16k€368€-13k€1k▲ 109%
+ Depreciation and write-downs630€7k€12k€12k€9k€3k▼ 63.5%
Operating cash flow (approximation)€12k€-4k€12k€-4k€4k▲ 202%
Investment in fixed assets (approximation)-€-216€-1k€-45k€25k▲ 156%
Change in cash-€-8k€-362---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-08
State Gazette act Resignation: LAVALLE Léandro (manager)
Appointment: LAVALLE Léandro (non-statutory director) · Statutes amendment · Reserve release9 facts ▸
  • General meeting, 10-08-2026
  • Statutes amendment
  • Reserve release, Réserve légale rendue disponible pour distribution
  • Capital, €6.200
  • Director resignation, LAVALLE Léandro (manager)
  • Director appointment, LAVALLE Léandro (non-statutory director)
  • Mandate compensation, LAVALLE Léandro
  • Capital release, Capital libéré rendu disponible pour distribution
  • Uncalled capital, La partie non encore libérée du capital a été convertie en un compte de capitaux propres «apports non appelés»; la décision de suppression du compte s'applique…
05-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 5 days late
2025
31-12
Financial Back to profitnet €1k
Net result €1k after one loss-making year.
25-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €368
Net result €368 after one loss-making year.
24-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
05-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 36 days late
2021
31-12
Financial Highest result since 2018net €5k ▲151%
Operating result €38k, net result €5k, both a record.
28-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 27 days late
Show earlier events
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
LAVALLE Léandro
Non-statutory director · since 10-08-2026
Current
10-08-2026 Resigned as Manager
10-08-2026 Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Saint-Ghislain · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
910 m²
Building footprint
98 m²
Volume, LiDAR
744 m³
Parcel 53070B0455/00R003, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Europe(SG) 10, 7330 Saint-Ghislain
Water collection, treatment and supply
since 20022.114.148.850
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53070B0455/00R003 Wallonia 910 m² 1 · 97 m² 10.8 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.

Articles of association

Purpose
Les travaux de maçonnerie, cela comprend la construction, la rénovation, la démolition, la transformation de bâtiments (gros œuvre et mise sous toit), le coffrage, le ferraillage…
Full purpose

Les travaux de maçonnerie, cela comprend la construction, la rénovation, la démolition, la transformation de bâtiments (gros œuvre et mise sous toit), le coffrage, le ferraillage ainsi que les activités relatives à l'exécution totale ou partielle de travaux de parachèvement ou de coordination de ceux-ci lors de leur exécution par des sous-traitants ; en conséquence, tous travaux de bâtiment en général. La création ou l'exploitation de tout établissement relatif à cet objet. La participation directe ou indirecte dans toutes les opérations susceptibles de favoriser le développement des affaires sociales sous quelque forme que ce soit. La société pourra faire toutes opérations industrielles, commerciales, financières ou civiles ayant un rapport direct ou indirect avec son objet. Elle pourra notamment, sans que l'énonciation ci-après revête un caractère exhaustif, prendre ou donner à bail, aliéner, acquérir tous immeubles et fonds de commerce, acquérir, concéder ou céder toutes marques de fabrique ou de commerce, acquérir ou exploiter, concéder ou céder tous brevets et licences, s'intéresser de toute façons dans toutes les sociétés ou entreprises existantes ou à créer dont l'objet serait similaire, analogues ou connexe au sien ou serait susceptible de constituer pour elle une source de débouchés. La société peut en outre octroyer des garanties mobilières et/ou immobilières en faveur de tiers.

Structure & network

Capital and shareholders

Capital over the years
  1. 21-08-2026 Capital stated in the act · 6,200 EUR · 186 shares

Similar companies · same sector, comparable size

Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,429 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
Founded21-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43331Floor and wall tiling

Scores and ratios are computed by Checked and are not a credit decision.