L.V.A. CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 11% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,286 | €2,220 | €4,294 |
| Depreciation and write-downs of the year | €79 | €1,112 | €1,590 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | €363,299 | €360,092 | ▼ 0.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €354,087 | €349,181 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79 | €1,112 | €1,590 | ▲ 43.1% |
| Other operating charges640/8 | €180 | €540 | €779 | ▲ 44.3% |
| Gross operating margin9900 | €6,726 | €9,407 | €10,987 | ▲ 16.8% |
| Operating profit (loss)9901 | €6,467 | €7,755 | €8,618 | ▲ 11.1% |
| Financial charges65/66B | €272 | €1,967 | €2,108 | ▲ 7.2% |
| Recurring financial charges65 | €272 | €1,967 | €2,108 | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | €6,195 | €5,788 | €6,509 | ▲ 12.5% |
| Income taxes67/77 | - | €1,531 | €3,112 | ▲ 103% |
| Profit (loss) for the period9904 | €6,195 | €4,257 | €3,398 | ▼ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €6,195 | €4,257 | €3,398 | ▼ 20.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,332 | €19,630 | €18,339 | ▼ 6.6% |
| Fixed assets21/28 | €1,208 | €2,316 | €5,020 | ▲ 117% |
| Tangible fixed assets22/27 | €1,208 | €2,316 | €5,020 | ▲ 117% |
| Plant, machinery and equipment23 | - | - | €2,440 | - |
| Furniture and vehicles24 | €1,208 | €2,316 | €2,580 | ▲ 11.4% |
| Current assets29/58 | €19,124 | €17,314 | €13,319 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €15,477 | €15,284 | €9,442 | ▼ 38.2% |
| Trade receivables40 | €12,904 | €10,445 | €1,760 | ▼ 83.1% |
| Other amounts receivable41 | €2,573 | €4,839 | €7,682 | ▲ 58.7% |
| Cash at bank and in hand54/58 | €3,647 | €2,029 | €3,426 | ▲ 68.8% |
| Deferred charges and accrued income490/1 | - | - | €452 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,332 | €19,630 | €18,339 | ▼ 6.6% |
| Equity10/15 | €6,195 | €11,642 | €15,040 | ▲ 29.2% |
| Contributions10/11 | - | €1,190 | €1,190 | = |
| Profit (loss) carried forward14 | €6,195 | €10,452 | €13,850 | ▲ 32.5% |
| Amounts payable17/49 | €14,137 | €7,988 | €3,299 | ▼ 58.7% |
| Amounts payable within one year42/48 | €14,137 | €7,988 | €3,299 | ▼ 58.7% |
| Trade debts44 | €11,360 | €1,249 | €1,521 | ▲ 21.8% |
| Suppliers440/4 | €11,360 | €1,249 | €1,521 | ▲ 21.8% |
| Taxes, remuneration and social security45 | - | €1,531 | €1,778 | ▲ 16.1% |
| Taxes450/3 | - | €1,531 | €1,778 | ▲ 16.1% |
| Other amounts payable47/48 | €2,777 | €5,208 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,195 | €4,257 | €3,398 | ▼ 20.2% |
| + Depreciation and write-downs630 | €79 | €1,112 | €1,590 | ▲ 43.1% |
| Operating cash flow (approximation) | €6,273 | €5,369 | €4,988 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | -€2,220 | -€4,294 | ▼ 93.4% |
| Change in cash | - | -€1,617 | €1,396 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as L.V.A. CONSTRUCT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of L.V.A. CONSTRUCT itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for L.V.A. CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.