L22 CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of L22 CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €79k and a net result of €27k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 27676 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+23
Solvency47▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.36 in 2024; short-term debt: 64.2% of total assets), and 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.3%
Return on assets
7.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 24%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
76 d late
2023
44 d late
2022
58 d late
2021
67 d late
2020
40 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▲ 53.0%
2024 · €51k
2020: €18k
2021: €39k
2022: €41k
2023: €51k
2024: €51k
2020 → 2025
Total assets
€352k▲ 80.5%
2024 · €195k
2020: €41k
2021: €134k
2022: €233k
2023: €133k
2024: €195k
2020 → 2025
Net result
€27k▲ 15,895%
2024 · €170
2020: €14k
2021: €20k
2022: €2k
2023: €10k
2024: €170
2020 → 2025
Working capital
€83k▲ 91.4%
2024 · €43k
2020: €18k
2021: €39k
2022: €29k
2023: €41k
2024: €43k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€41k▲ 5.8%€51k▲ 25.7%€51k▲ 0.3%€79k▲ 53.0%
Operating result€28k-€5k▼ 82.4%€15k▲ 214%€4k▼ 71.5%€46k▲ 942%
Net result€20k-€2k▼ 88.8%€10k▲ 365%€170▼ 98.4%€27k▲ 15,895%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 942% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352k
Fixed assets
€43k▲ 35.1%
Current assets
€309k▲ 89.4%
Equity and liabilities €352k
Equity
€79k▲ 53.0%
Debt
€274k▲ 90.3%
The debt ratio rises from 73.6% to 77.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2024 · €6k
Cash flow
€36k▲
2024 · €2k
Solvency
22.3%▼
2024 · 26.4%
Current ratio
1.37▲
2024 · 1.36
Quick ratio
1.37▲
2024 · 1.36
Debt / equity
3.48▲
2024 · 2.79
ROE
34.6%▲
2024 · 0.3%
ROA
7.7%▲
2024 · 0.1%
Interest coverage
28.62▲
2024 · 4.35
Debt
€274k▲
2024 · €144k
Debt ≤ 1 year
€226k▲
2024 · €120k
Debt > 1 year
€24k=
2024 · €24k
Income taxes
€17k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€195k€352k▲
Fixed assets21/28€32k€43k▲
Tangible fixed assets22/27€31k€39k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€29k€38k▲
Financial fixed assets28€750€4k▲
Current assets29/58€163k€309k▲
Amounts receivable within one year40/41€129k€304k▲
Trade receivables40€113k€293k▲
Other amounts receivable41€16k€11k▼
Deferred charges and accrued income490/1€34k€5k▼
Equity and liabilities
Total equity and liabilities10/49€195k€352k▲
Equity10/15€51k€79k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€47k€75k▲
Amounts payable17/49€144k€274k▲
Amounts payable after more than one year17€24k€24k=
Financial debts170/4€24k€24k=
Amounts payable within one year42/48€120k€226k▲
Current portion of amounts payable after more than one year42€9k-
Financial debts43€10k€19k▲
Credit institutions430/8€10k€19k▲
Trade debts44€73k€168k▲
Suppliers440/4€73k€168k▲
Taxes, remuneration and social security45€20k€32k▲
Taxes450/3€7k€24k▲
Remuneration and social security454/9€13k€8k▼
Other amounts payable47/48€8k€7k▼
Accrued charges and deferred income492/3-€24k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€13k€11k▼
Gross operating margin9900€19k€66k▲
Operating profit (loss)9901€4k€46k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€3k€44k▲
Income taxes67/77€3k€17k▲
Profit (loss) for the period9904€170€27k▲
Profit (loss) for the period to be appropriated9905€170€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€75k▲
Profit (loss) brought forward from the previous period14P€47k€47k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
State Gazette act
Registered office · Statutes amendment · MiscellaneousGeneral meeting · Registered-office move · Statutes amendment6 facts ▸
State Gazette act
Registered office · Statutes amendment · Miscellaneous
General meeting · Registered-office move · Statutes amendment6 facts ▸
- General meeting, 29 juli 2026
- Registered-office move, 1410 Waterloo, Boulevard Henri Rolin 3b
- Statutes amendment
- Power of attorney, L22 CONSTRUCT
- Power of attorney, Joost DE POTTER
- Power of attorney, L22 CONSTRUCT
03-08
State Gazette act
Registered office · Statutes amendment · MiscellaneousGeneral meeting · Registered-office move · Statutes amendment5 facts ▸
State Gazette act
Registered office · Statutes amendment · Miscellaneous
General meeting · Registered-office move · Statutes amendment5 facts ▸
- General meeting, 29 juillet 2026
- Registered-office move, Région wallonne
- Statutes amendment
- Corporate purpose, I. Tant en Belgique qu'à l'étranger, pour son propre compte ou pour le compte de tiers, ou avec la participation de ces derniers : 1. Dans le secteur de la cons…
- Share issue, En rémunération des apports, 100
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €27k ▲15895%
Operating result €46k, net result €27k, both a record.
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
31-12
Financial
Weakest financial yearnet €170 ▼98.4%
Net result drops to €170, the lowest in the series; recovery starts the following year.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boulevard Rolin (Henri) 3b1410 Waterloo1 establishment unit
L22 CONSTRUCT SRL
since 20202.303.047.244
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 6,238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2020
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.