L2 CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of L2 CONSTRUCT is 5.1% (elevated). The 2025 annual accounts show negative equity (€-39k) and a net result of €-29k. Equity is shrinking by ~236.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.5 in 2024; short-term debt: 150.5% and cash: 1.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-85.9%
Return on assets
-63.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-39k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
21 d early
2024
28 d late
2023
8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k▼ 279%
2024 · €-10k
2023: €10khighest in 3 years
2024: €-10k▼ -205% vs 2023
2025: €-39k▼ -279% vs 2024lowest in 3 years
2023 → 2025
Total assets
€46k▼ 6.7%
2024 · €49k
2023: €60khighest in 3 years
2024: €49k▼ -17.3% vs 2023
2025: €46k▼ -6.7% vs 2024lowest in 3 years
2023 → 2025
Net result
€-29k▼ 42.8%
2024 · €-20k
2023: €8khighest in 3 years
2024: €-20k▼ -371% vs 2023
2025: €-29k▼ -42.8% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-59k▼ 246%
2024 · €-17k
2023: €4khighest in 3 years
2024: €-17k▼ -492% vs 2023
2025: €-59k▼ -246% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€10k-€-10k€-39k▼ 279%
2023: €10khighest in 3 years
2024: €-10k▼ -205% vs 2023
2025: €-39k▼ -279% vs 2024lowest in 3 years
Operating result€10k-€-18k€-27k▼ 48.0%
2023: €10khighest in 3 years
2024: €-18k▼ -273% vs 2023
2025: €-27k▼ -48.0% vs 2024lowest in 3 years
Net result€8k-€-20k€-29k▼ 42.8%
2023: €8khighest in 3 years
2024: €-20k▼ -371% vs 2023
2025: €-29k▼ -42.8% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €18k 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 €46k
Fixed assets
€36k ▲ 14.7%
Current assets
€10k ▼ 43.4%
Key figures and ratios
EBITDA
€-11k▼
2024 · €-10k
Cash flow
€-13k▼
2024 · €-12k
Solvency
-85.9%▼
2024 · -21.2%
Current ratio
0.14▼
2024 · 0.50
Debt to equity
-2.16▲
2024 · -5.73
ROA
-63.2%▼
2024 · -41.3%
Interest coverage
-6.60▼
2024 · -5.18
Debt
€85k▲
2024 · €60k
Debt ≤ 1 year
€69k▲
2024 · €35k
Debt > 1 year
€16k▼
2024 · €25k
Income taxes
€475▲
2024 · €237
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€46k▼
Formation expenses20€390€0▼
Fixed assets21/28€31k€36k▲
Tangible fixed assets22/27€31k€36k▲
Furniture and vehicles24€31k€36k▲
Current assets29/58€17k€10k▼
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40€5k€5k▲
Other amounts receivable41€257€2k▲
Cash at bank and in hand54/58€10k€888▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€49k€46k▼
Equity10/15€-10k€-39k▼
Contributions10/11€2k€2k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-20k€-49k▼
Amounts payable17/49€60k€85k▲
Amounts payable after more than one year17€25k€16k▼
Financial debts170/4€25k€16k▼
Amounts payable within one year42/48€35k€69k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Trade debts44€683€16k▲
Suppliers440/4€683€16k▲
Taxes, remuneration and social security45€3k€712▼
Taxes450/3€3k€712▼
Remuneration and social security454/9€750€0▼
Other amounts payable47/48€22k€44k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€16k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-7k€-6k▲
Operating profit (loss)9901€-18k€-27k▼
Financial income75/76B€1€16▲
Recurring financial income75€1€16▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-20k€-29k▼
Income taxes67/77€237€475▲
Profit (loss) for the period9904€-20k€-29k▼
Profit (loss) for the period to be appropriated9905€-20k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-49k▼
Profit (loss) brought forward from the previous period14P-€-20k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €8k | €16k | ▲ 91.4% |
| Other operating charges640/8 | €640 | €3k | €5k | ▲ 53.3% |
| Gross operating margin9900 | €15k | €-7k | €-6k | ▲ 9.1% |
| Operating profit (loss)9901 | €10k | €-18k | €-27k | ▼ 48.0% |
| Financial income75/76B | €14 | €1 | €16 | ▲ 1,500% |
| Recurring financial income75 | €14 | €1 | €16 | ▲ 1,500% |
| Financial charges65/66B | €570 | €2k | €2k | ▼ 12.1% |
| Recurring financial charges65 | €570 | €2k | €2k | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €10k | €-20k | €-29k | ▼ 42.2% |
| Income taxes67/77 | €2k | €237 | €475 | ▲ 100% |
| Profit (loss) for the period9904 | €8k | €-20k | €-29k | ▼ 42.8% |
| Profit (loss) for the period to be appropriated9905 | €8k | €-20k | €-29k | ▼ 42.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60k | €49k | €46k | ▼ 6.7% |
| Formation expenses20 | €806 | €390 | €0 | ▼ 100% |
| Fixed assets21/28 | €19k | €31k | €36k | ▲ 14.7% |
| Tangible fixed assets22/27 | €19k | €31k | €36k | ▲ 14.7% |
| Furniture and vehicles24 | €19k | €31k | €36k | ▲ 14.7% |
| Current assets29/58 | €40k | €17k | €10k | ▼ 43.4% |
| Amounts receivable within one year40/41 | €37k | €5k | €7k | ▲ 31.4% |
| Trade receivables40 | €36k | €5k | €5k | ▲ 6.4% |
| Other amounts receivable41 | €927 | €257 | €2k | ▲ 525% |
| Cash at bank and in hand54/58 | €3k | €10k | €888 | ▼ 91.1% |
| Deferred charges and accrued income490/1 | €320 | €2k | €2k | ▼ 4.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60k | €49k | €46k | ▼ 6.7% |
| Equity10/15 | €10k | €-10k | €-39k | ▼ 279% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €8k | €8k | €8k | = |
| Distributable reserves133 | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | - | €-20k | €-49k | ▼ 143% |
| Amounts payable17/49 | €50k | €60k | €85k | ▲ 43.1% |
| Amounts payable after more than one year17 | €14k | €25k | €16k | ▼ 35.2% |
| Financial debts170/4 | €14k | €25k | €16k | ▼ 35.2% |
| Amounts payable within one year42/48 | €35k | €35k | €69k | ▲ 100% |
| Current portion of amounts payable after more than one year42 | €5k | €8k | €9k | ▲ 5.2% |
| Trade debts44 | €4k | €683 | €16k | ▲ 2,245% |
| Suppliers440/4 | €4k | €683 | €16k | ▲ 2,245% |
| Taxes, remuneration and social security45 | €2k | €3k | €712 | ▼ 79.1% |
| Taxes450/3 | €2k | €3k | €712 | ▼ 73.2% |
| Remuneration and social security454/9 | - | €750 | €0 | ▼ 100% |
| Other amounts payable47/48 | €24k | €22k | €44k | ▲ 97.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-20k | €-29k | ▼ 42.8% |
| + Depreciation and write-downs630 | €4k | €8k | €16k | ▲ 91.4% |
| Operating cash flow (approximation) | €12k | €-12k | €-13k | ▼ 9.9% |
| Investment in fixed assets (approximation) | - | €-21k | €-20k | ▲ 1.7% |
| Change in cash | - | €7k | €-9k | ▼ 223% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herstal · 1 establishment unit since 2022
Ground area
255 m²
Building footprint
60 m²
Volume, LiDAR
543 m³
Parcel 62312A0733/00D005, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
L2 CONSTRUCT
since 20222.339.742.938
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0733/00D005 | Wallonia | 255 m² | 1 · 60 m² | 9.8 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.
Similar companies · same sector, comparable size
PVD TECHNICS
BE 0475.267.831
Ittre · Eq €9,730
PRO JECTION
BE 0802.594.430
Pepinster · Eq €9,705
NB Toiture
BE 1023.029.504
Tienen · Eq €9,650
J-V-A CONCEPT
BE 0747.925.626
Halle · Eq €9,590
MAXIPUR
BE 0544.966.685
Herentals · Eq €9,497
Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 697 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
Founded12-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.