L.T.M. Construct
Dissolution or liquidationSummary
The KBO register records for L.T.M. Construct the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €255,229 and a net result of €242,225.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
320 d late
2023
685 d late
2022
1037 d late
2021
558 d late
2020
923 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 530 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€255,229▲ 1,863%
2024 · €13,004
Total assets
€1.4m▲ 18.1%
2024 · €1.2m
Net result
€242,225
2024 · -€79,368
Working capital
-€196,439▲ 68.2%
2024 · -€617,976
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€46,022▲ 18.2%-€105,838-€140,020▼ 32.3%-€57,299▲ 59.1%€244,301
Net result€19,004▲ 7.8%-€132,522-€148,603▼ 12.1%-€79,368▲ 46.6%€242,225
Equity€373,498▲ 5.4%€240,975▼ 35.5%€92,372▼ 61.7%€13,004▼ 85.9%€255,229▲ 1,863%
Total assets€1.6m▼ 6.1%€1.6m=€1.2m▼ 22.2%€1.2m▼ 6.5%€1.4m▲ 18.1%
Debt€1.2m▼ 9.1%€1.4m▲ 10.8%€1.2m▼ 15.2%€1.1m▼ 0.1%€1.1m▼ 6.0%
Working capital-€47,375-€460,409▼ 872%-€576,596▼ 25.2%-€617,976▼ 7.2%-€196,439▲ 68.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €244,301 after a loss of €57,299 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€666,522 ▼ 31.9%
Current assets
€705,230 ▲ 284%
Equity and liabilities €1.4m
Equity
€255,229 ▲ 1,863%
Provisions
€36,440
Debt
€1.1m ▼ 6.0%
Debt's share of the balance-sheet total falls from 98.9% to 78.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€306,644▲
2024 · €23,156
Cash flow
€304,568▲
2024 · €1,087
Current ratio
0.78▲
2024 · 0.23
Debt to equity
4.23▼
2024 · 88.34
ROE
94.9%▲
2024 · -610.3%
ROA
17.7%▲
2024 · -6.8%
Interest coverage
47.35▲
2024 · 3.93
Debt ≤ 1 year
€901,668▲
2024 · €801,572
Debt > 1 year
€178,014▼
2024 · €347,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,415 | €85,271 | €82,621 | €80,455 | €62,343 | ▼ 22.5% |
| Other operating charges640/8 | €7,845 | €6,152 | €8,396 | €6,700 | €7,515 | ▲ 12.2% |
| Non-recurring operating charges66A | - | - | €55,952 | €2,497 | €6,885 | ▲ 176% |
| Gross operating margin9900 | €140,282 | -€14,415 | €6,949 | €32,354 | €321,045 | ▲ 892% |
| Operating profit (loss)9901 | €46,022 | -€105,838 | -€140,020 | -€57,299 | €244,301 | ▲ 526% |
| Financial income75/76B | €0 | - | €1,633 | €68 | €40,840 | ▲ 60,305% |
| Recurring financial income75 | €0 | - | €1,633 | €68 | €40,840 | ▲ 60,305% |
| Non-recurring financial income76B | - | - | - | - | €40,840 | - |
| Financial charges65/66B | €19,566 | €20,713 | €8,204 | €5,896 | €6,477 | ▲ 9.8% |
| Recurring financial charges65 | €19,566 | €20,713 | €8,204 | €5,896 | €6,477 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €26,457 | -€126,551 | -€146,592 | -€63,127 | €278,665 | ▲ 541% |
| Transfer to deferred taxes680 | - | - | - | - | €36,440 | - |
| Income taxes67/77 | €7,453 | €5,971 | €2,012 | €16,241 | - | - |
| Profit (loss) for the period9904 | €19,004 | -€132,522 | -€148,603 | -€79,368 | €242,225 | ▲ 405% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €109,320 | - |
| Profit (loss) for the period to be appropriated9905 | €19,004 | -€132,522 | -€148,603 | -€79,368 | €132,905 | ▲ 267% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.2m | €1.2m | €1.4m | ▲ 18.1% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €978,129 | €666,522 | ▼ 31.9% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €978,104 | €666,522 | ▼ 31.9% |
| Land and buildings22 | €1.2m | €1.1m | €1.1m | €976,717 | €665,953 | ▼ 31.8% |
| Furniture and vehicles24 | €11,924 | €5,808 | €2,515 | €1,387 | €569 | ▼ 59.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | - | - |
| Current assets29/58 | €369,428 | €454,855 | €184,040 | €183,596 | €705,230 | ▲ 284% |
| Amounts receivable within one year40/41 | €357,242 | €414,268 | €177,521 | €177,521 | €419,825 | ▲ 136% |
| Trade receivables40 | €230,298 | €279,730 | €175,400 | €175,400 | €419,825 | ▲ 139% |
| Other amounts receivable41 | €126,945 | €134,539 | €2,121 | €2,121 | - | - |
| Cash at bank and in hand54/58 | €11,187 | €39,090 | €6,519 | €6,075 | €279,941 | ▲ 4,508% |
| Deferred charges and accrued income490/1 | €998 | €1,497 | - | - | €5,464 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.2m | €1.2m | €1.4m | ▲ 18.1% |
| Equity10/15 | €373,498 | €240,975 | €92,372 | €13,004 | €255,229 | ▲ 1,863% |
| Contributions10/11 | €175,600 | €175,600 | €175,600 | €175,600 | €175,600 | = |
| Capital10 | €175,600 | - | - | - | - | - |
| Issued capital100 | €178,600 | - | - | - | - | - |
| Uncalled capital101 | €3,000 | - | - | - | - | - |
| Outside capital11 | - | €175,600 | €175,600 | €175,600 | €175,600 | = |
| Other1109/19 | - | €175,600 | €175,600 | €175,600 | €175,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €111,180 | ▲ 5,877% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | - | €109,320 | - |
| Profit (loss) carried forward14 | €196,038 | €63,515 | -€85,088 | -€164,456 | -€31,551 | ▲ 80.8% |
| Provisions and deferred taxes16 | - | - | - | - | €36,440 | - |
| Deferred taxes168 | - | - | - | - | €36,440 | - |
| Amounts payable17/49 | €1.2m | €1.4m | €1.2m | €1.1m | €1.1m | ▼ 6.0% |
| Amounts payable after more than one year17 | €806,236 | €440,453 | €389,616 | €347,149 | €178,014 | ▼ 48.7% |
| Financial debts170/4 | €711,236 | €345,453 | €294,616 | €252,149 | €123,014 | ▼ 51.2% |
| Other amounts payable178/9 | €95,000 | €95,000 | €95,000 | €95,000 | €55,000 | ▼ 42.1% |
| Amounts payable within one year42/48 | €416,802 | €915,264 | €760,636 | €801,572 | €901,668 | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | €82,525 | €34,422 | €45,073 | €44,467 | €33,137 | ▼ 25.5% |
| Trade debts44 | €97,273 | €77,059 | €217,526 | €214,272 | €156,389 | ▼ 27.0% |
| Suppliers440/4 | €97,273 | €77,059 | €5,805 | €2,551 | €118,637 | ▲ 4,550% |
| Bills of exchange payable441 | - | - | €211,721 | €211,721 | €37,752 | ▼ 82.2% |
| Taxes, remuneration and social security45 | €22,743 | €20,184 | €10,262 | €25,892 | €15,631 | ▼ 39.6% |
| Taxes450/3 | €20,932 | €18,373 | €10,262 | €25,892 | €15,631 | ▼ 39.6% |
| Remuneration and social security454/9 | €1,811 | €1,811 | - | - | - | - |
| Other amounts payable47/48 | €214,262 | €783,599 | €487,775 | €516,941 | €696,512 | ▲ 34.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,004 | -€132,522 | -€148,603 | -€79,368 | €242,225 | ▲ 405% |
| + Depreciation and write-downs630 | €86,415 | €85,271 | €82,621 | €80,455 | €62,343 | ▼ 22.5% |
| Operating cash flow (approximation) | €105,419 | -€47,251 | -€65,982 | €1,087 | €304,568 | ▲ 27,929% |
| Investment in fixed assets (approximation) | - | €0 | €632 | €0 | €249,265 | - |
| Change in cash | - | €27,903 | -€32,571 | -€444 | €273,866 | ▲ 61,754% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 320 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 685 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1037 days late
2025
31-12
Financial
Back to profitnet €242,225
Net result €242,225 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €255,229 ▲1,863%
Equity rises from €13,004 to €255,229.
2024
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 558 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 923 days late
2023
31-12
Financial
Weakest financial yearnet -€148,603
Net result drops to -€148,603, the lowest in the series.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 106 days late
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 86 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Etterbeek · 1 establishment unit since 2013
Ground area
1,156 m²
Building footprint
322 m²
Volume, LiDAR
4,565 m³
2 parcels, Brussels, Wallonia · tallest building 34.4 m, ±10 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Rue du Réservoir 19, 1330 Rixensart
since 20132.219.365.047
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091B0439/00C000 | Wallonia | 845 m² | 1 · 154 m² | - |
| 21363B0333/00V005 | Brussels | 311 m² | 1 · 168 m² | 34.4 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-05-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0533946002
Registered
18-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.