Equity
-€39,484
Debts exceed assets in financial year 2025.
L2 CONSTRUCT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €15,395 (2023)
-€5,978▲ €597
lowest -€29,058 (2025)
-€29,058▼ €8,716
peak €9,916 (2023)
-€39,484▼ €29,058
€85,444▲ 43.1%
Board2 names since 2022
2 directorsLODICO Alessio and 1 other
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Loss of €29,058Equity from -€10,426 to -€39,484Debts from €59,695 to €85,444Cash from €10,019 to €888
Key points
from the 2025 annual accountsLosses
-€49,400 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€85,444 186% of the balance sheet
Financial debts 19%Suppliers 19%Taxes and wages 1%Other 61%
Of this, €69,170 falls due within a year.
Filings
3 annual accounts 1 late
The 2024 accounts came 28 days late. The other two were filed on time.
Starting capital
€2,400 120 shares
Position in the sector
-85.9%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,156 companies.
Turnover not published (micro format)
Checked score
47
Fair
Financially stronger than 3% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.7%
01-2025: 2.7%● unchanged vs 12-2024
02-2025: 2.7%● unchanged vs 01-2025
03-2025: 2.8%▲ +0.1 percentage points vs 02-2025
04-2025: 2.9%▲ +0.1 percentage points vs 03-2025
05-2025: 3.0%▲ +0.1 percentage points vs 04-2025
06-2025: 2.9%▼ -0.1 percentage points vs 05-2025
07-2025: 2.9%● unchanged vs 06-2025
08-2025: 3.4%▲ +0.5 percentage points vs 07-2025
09-2025: 2.2%▼ -1.2 percentage points vs 08-2025
10-2025: 2.2%● unchanged vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025lowest value
02-2026: 2.2%● unchanged vs 01-2026lowest value
03-2026: 2.2%● unchanged vs 02-2026lowest value
04-2026: 2.2%● unchanged vs 03-2026
05-2026: 2.2%● unchanged vs 04-2026
06-2026: 2.2%● unchanged vs 05-2026
07-2026: 2.3%▲ +0.1 percentage points vs 06-2026
08-2026: 3.4%▲ +1.1 percentage points vs 07-2026highest value
09-2026: 3.4%● unchanged vs 08-2026
10-2026: 3.4%● unchanged vs 09-2026
11-2026: 3.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €29,058, the second in a row (financial year 2025)
Negative equity -€39,484
Founded in 2022
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 3% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as L2 CONSTRUCT has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of L2 CONSTRUCT itself: 3.4% within 12 months.
Test of the method
The method was tested on the 497,448 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 7,639 companies, not a prediction for L2 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.14 (0.5 in 2024), below 1. Short-term debt is 150.5% and cash 1.9% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
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 -€39,484
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 days early
2024
28 days late
2023
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average on the deadline day. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (3 of the last 3 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- LODICO Vincenzo 60 sharesdeed of 14-12-2022
- LODICO Alessio 60 sharesdeed of 14-12-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0794640925
Incorporation
Founding capital of €2,400, 120 shares · Founders: LODICO Vincenzo and LODICO Alessio · Appointments: LODICO Vincenzo (director) and LODICO Alessio (director) · published on 14-12-2022 · Gazette deed
First establishment
Rue Louis Demeuse 232, Herstal
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| L2 CONSTRUCT Herstal | €45,960 | -€5,978 | -85.9% | - |
| ENJOY THE SILENCE ACOUSTIC Grimbergen | €51,424 | -€22,020 | 93.7% | - |
| ALGORANT Woluwe-Saint-Lambert | €35,909 | €1,159 | 54.8% | - |
| REFKA Jodoigne | €47,533 | -€2,705 | 14.3% | - |
| MSG PRO Haacht | €42,971 | -€6,769 | 13.1% | - |
| TECHNORENOV Visé | €31,521 | €152 | 72.3% | - |
| TERRA BUILDING Braine-l'Alleud | €42,209 | -€5,129 | 33.1% | - |
These companies have the same main activity as L2 CONSTRUCT: insulation installation (NACE 43230). They are comparable in size and age: total assets between €31,500 and €51,400, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 12-12-2022Normal situation
- Activity
- Insulation installationNACE 43230and 4 others
- Establishment unit
- 2.339.742.9384040 Herstal, since 12-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- -€5,978▲ 9.1%
- €29,058▲ 42.8%
- -€39,484▼ 279%
- €45,960▼ 6.7%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on L2 CONSTRUCT
L2 CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €15,395 in 2023 to -€5,978 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadline-€5,978
▲ €597
-€26,910
▼ €8,725
-€29,058
▼ €8,716
-€59,320
▼ €42,151
-85.9%
▼ 64.7 percentage points
0.14
▼ 0.36
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €45,960 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-85.9%
Lower than 95% of 35,156 companies in 2025.
0.14
Lower than 95% of 34,529 companies in 2025.
-63.2%
Lower than 95% of 34,730 companies in 2025.
L2 CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
45,960 | 49,269 | 59,608 | |
20 |
0 | 390 | 806 | |
21/28 |
36,110 | 31,475 | 18,970 | |
22/27 |
36,110 | 31,475 | 18,970 | |
24 |
36,110 | 31,475 | 18,970 | |
29/58 |
9,850 | 17,404 | 39,832 | |
40/41 |
6,985 | 5,315 | 36,933 | |
40 |
5,380 | 5,058 | 36,006 | |
41 |
1,605 | 257 | 927 | |
54/58 |
888 | 10,019 | 2,579 | |
490/1 |
1,977 | 2,070 | 320 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
45,960 | 49,269 | 59,608 | |
10/15 |
-39,484 | -10,426 | 9,916 | |
10/11 |
2,400 | 2,400 | 2,400 | |
13 |
7,516 | 7,516 | 7,516 | |
133 |
7,516 | 7,516 | 7,516 | |
14 |
-49,400 | -20,342 | - | |
17/49 |
85,444 | 59,695 | 49,692 | |
17 |
16,274 | 25,122 | 14,240 | |
170/4 |
16,274 | 25,122 | 14,240 | |
42/48 |
69,170 | 34,573 | 35,452 | |
42 |
8,848 | 8,409 | 4,504 | |
44 |
16,013 | 683 | 4,069 | |
440/4 |
16,013 | 683 | 4,069 | |
45 |
712 | 3,409 | 2,423 | |
450/3 |
712 | 2,659 | 2,423 | |
454/9 |
0 | 750 | - | |
47/48 |
43,597 | 22,072 | 24,456 | |
| Income statement | ||||
9900 |
-5,978 | -6,575 | 15,395 | |
630 |
15,755 | 8,233 | 4,260 | |
640/8 |
5,177 | 3,377 | 640 | |
9901 |
-26,910 | -18,185 | 10,495 | |
75/76B |
16 | 1 | 14 | |
75 |
16 | 1 | 14 | |
65/66B |
1,689 | 1,921 | 570 | |
65 |
1,689 | 1,921 | 570 | |
9903 |
-28,583 | -20,105 | 9,939 | |
67/77 |
475 | 237 | 2,423 | |
9904 |
-29,058 | -20,342 | 7,516 | |
9905 |
-29,058 | -20,342 | 7,516 | |
| Appropriation of the result | ||||
9906 |
-49,400 | -20,342 | 7,516 | |
14P |
-20,342 | - | - | |
691/2 |
- | - | 7,516 | |
6921 |
- | - | 7,516 | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -11,155 | -9,952 | 14,755 | ||
| -13,303 | -12,109 | 11,776 | ||
| 20,000 | 29,000 | 22,788 | ||
| -9,131 | 7,440 | - | ||
| -59,320 | -17,169 | 4,380 | ||
| -85.9% | -21.2% | 16.6% | ||
| 0.14 | 0.50 | 1.12 | ||
| - | - | 5.01 | ||
| - | - | 75.8% | ||
| -63.2% | -41.3% | 12.6% | ||
| -6.60 | -5.18 | 25.89 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €20,000 | €29,000 | €22,788 |
| €15,755 | €8,233 | €4,260 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on L2 CONSTRUCT
The operating result for 2025 is a loss of €26,910, larger than the loss of €18,185 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€85,444) exceeds the balance-sheet total (€45,960).
Board & ownership
Board
2 directors, since incorporationDirector
appointed by deed of 14-12-2022
term without a fixed end
also on the board of 1 other company
Mandates through the years
2 names, the dashed line is todayLODICO Alessio
Director
Director
LODICO Vincenzo
Director
Director
Board
Mandates as a list
- LODICO Alessio
- Director, appointed by deed of 14-12-2022, still in office
- LODICO Vincenzo
- Director, appointed by deed of 14-12-2022, still in office
Control
Founders
This company
L2 CONSTRUCT
Equity -€39,484
Loss €29,058 in 2025
Capital
- Contribution
- €2,400
- Shares
- 120
- Contribution per share
- €20
- Equity per share
- -€329 in 2025
- Source
- deed of 14-12-2022
Articles of association
deed of 14-12-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 14-12-2022 ↗
- LODICO Vincenzo 60 shares (50%) · €1,200
- LODICO Alessio 60 shares (50%) · €1,200
Network & group
No group
L2 CONSTRUCT has no parent and no holdings in its annual accounts.
At the same address
Rue Louis Demeuse 232, 4040 Herstal · 1 other company| LW2
registered office since 26-10-2021 · founded in 2021 |
total assets €14,401 (2025) 0776.507.863 |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
LW2
via LODICO Vincenzo · Director (not named in the articles) · deed of 28-10-2021
Founded in 2021 · total assets €14,401 (2025)
→
Timeline
Timeline
7 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 21 days before the deadline
2025
Weakest financial year net -€29,058 The net result drops to -€29,058, the lowest from 2023 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794640925
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
Annual accounts 2023 filed PDFmicro format · 8 days before the deadline
2022
IncorporationFounding capital of €2,400, 120 shares · Founders: LODICO Vincenzo and LODICO Alessio · Appointments: LODICO Vincenzo (director) and LODICO Alessio (director) · published on 14-12-20227 points ▸
- Founder, LODICO Vincenzo
- Founder, LODICO Alessio
- Founding capital, €2,400, 120 shares
- 120 shares
- Registered office clause, Rue Louis Demeuse 232, 4040 Herstal
- Director appointment, LODICO Vincenzo
- Director appointment, LODICO Alessio
- The deed holds 7 more points.
First establishment Rue Louis Demeuse 232, Herstal
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0794.640.925
- VAT number
- BE 0794.640.925
- Peppol ID
- 0208:0794640925
- Other Peppol ID
- 9925:BE0794640925
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-12-2022
- Financial year
- ends on 31 December
- Peppol
- Reachable since 22-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- L2 CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-12-2022 (in French)
- Name clauseThe company operates under this name according to its articles.
- L2 CONSTRUCTdeed of 14-12-2022 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 14-12-2022 (in French)
Activities
NACEBEL 202543230
Insulation installation main activity
43320
Joinery installation
43331
Floor and wall tiling
43341
Painting of buildings
Codes under NACEBEL 2008
43291
Specialised construction activities main activity
43320
Joinery installation
43331
Floor and wall tiling
43341
Painting of buildings
43995
Specialised construction activities
43999
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Les activités d’entreprise générale en construction; Les activités de gros-œuvre; Les activités de plafonnage, cimentage et pose de chapes…”deed of 14-12-2022 (in French)
17 activities
- Les activités d’entreprise générale en construction
- Les activités de gros-œuvre
- Les activités de plafonnage, cimentage et pose de chapes
- Les activités du carrelage, du marbre et de la pierre naturelle
- Les activités de la toiture et de l’étanchéité
- Les activités de placement et de réparation de la menuiserie et de la vitrerie
- Les activités de menuiserie générale
- Les activités d’installation électrique
- Les activités d’installation de chauffage central, de ventilation, de climatisation, de gaz et de sanitaire
- Les activités électrotechniques
- Les activités de finition
- Les activités d’installateur-frigoriste
- Les activités d’installation de systèmes de détection et de surveillance contre les intrusions et incendie
- Les activités d’installations de téléphonie, vidéophonie, sonorisations et éclairages
- Les activités de consultance, d'études et de conseils dans les domaines se rapportant directement ou indirectement aux activités de la construction, la réhabilitation, la rénovation d'immeubles et la promotion immobilière
- Les activités de promotion immobilière, l’achat, la vente, l’échange, l’entretien, la location sous quelque forme que ce soit et la mise en valeur de tous biens immeubles ou droits immobiliers
- La conception, la promotion et le commerce, y compris l’import-export, et la mise en œuvre de tous matériaux, matériels et accessoires liés directement ou indirectement au domaine de la construction en général
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue Louis Demeuse 232 registered office 4040 Herstal | 12-12-2022 | 2.339.742.938 |
Buildings and parcels at the address
- Ground area
- 255 m²
- Buildings
- 60 m²
- Volume, LiDAR
- 543 m³
- Tallest building
- 9.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62312A0733/00D005 | 255 m² | 1 · 60 m² | 9.8 m · 3 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0794.640.925