LAM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LAM CONSTRUCT is 1.9% (moderate). The 2024 annual accounts show negative equity (-€45,971) and a net result of -€4,297. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 9974 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.29 in 2023; short-term debt: 542.8% and cash: 29.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-442.8%
Return on assets
-41.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€45,971
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
29 d late
2022
28 d late
2021
17 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€14,605▲ 330%
2022 · €3,400
EBIT margin
60.5%▲ 453.6pp
2022 · -393.1%
Net result
-€4,297
2023 · €8,641
Working capital
-€49,417▼ 4.7%
2023 · -€47,221
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€51,972€3,400▼ 93.5%€14,605▲ 330%
Operating result€10,539€20,703▲ 96.4%-€13,365€8,833-€4,156
Net result€11,153within the sector's middle half€20,400within the sector's middle half▲ 82.9%-€13,579below the sector's middle half€8,641within the sector's middle half-€4,297below the sector's middle half
EBIT margin39.8%-393.1%▼ 432.9pp60.5%▲ 453.6pp
Equity-€24,584below the sector's middle half▲ 31.2%-€36,736below the sector's middle half▼ 49.4%-€50,315below the sector's middle half▼ 37.0%-€41,674below the sector's middle half▲ 17.2%-€45,971below the sector's middle half▼ 10.3%
Total assets€7,198below the sector's middle half▼ 11.3%€25,485below the sector's middle half▲ 254%€12,812below the sector's middle half▼ 49.7%€25,169below the sector's middle half▲ 96.4%€10,381below the sector's middle half▼ 58.8%
Debt€31,782▼ 27.5%€62,221▲ 95.8%€63,128▲ 1.5%€66,844▲ 5.9%€56,352▼ 15.7%
Working capital-€24,584▲ 31.2%-€36,736▼ 49.4%-€50,315▼ 37.0%-€47,221▲ 6.2%-€49,417▼ 4.7%
Solvency-341.5%below the sector's middle half▲ 98.7pp-144.1%below the sector's middle half▲ 197.4pp-392.7%below the sector's middle half▼ 248.6pp-165.6%below the sector's middle half▲ 227.1pp-442.8%below the sector's middle half▼ 277.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4,156 after €8,833 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10,381
Fixed assets
€3,446 ▼ 37.9%
Current assets
€6,935 ▼ 64.7%
Key figures and ratios
EBITDA
-€2,056▼
2023 · €9,587
Cash flow
-€2,197▼
2023 · €9,395
Current ratio
0.12▼
2023 · 0.29
Debt to equity
-1.23▲
2023 · -1.60
ROA
-41.4%▼
2023 · 34.3%
Interest coverage
-14.65▼
2023 · 49.85
Debt ≤ 1 year
€56,352▼
2023 · €66,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €51,972 | €3,400 | €14,605 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €30,922 | €16,418 | €5,018 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €754 | €2,100 | ▲ 179% |
| Other operating charges640/8 | - | €347 | €348 | - | €114 | - |
| Gross operating margin9900 | €10,920 | €21,050 | -€13,018 | €9,587 | -€1,943 | ▼ 120% |
| Operating profit (loss)9901 | €10,539 | €20,703 | -€13,365 | €8,833 | -€4,156 | ▼ 147% |
| Recurring financial income75 | €1,134 | - | - | - | - | - |
| Financial charges65/66B | - | €303 | €214 | €192 | €140 | ▼ 27.0% |
| Recurring financial charges65 | €520 | €303 | €214 | €192 | €140 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €11,153 | €20,400 | -€13,579 | €8,641 | -€4,297 | ▼ 150% |
| Profit (loss) for the period9904 | €11,153 | €20,400 | -€13,579 | €8,641 | -€4,297 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | €11,153 | €20,400 | -€13,579 | €8,641 | -€4,297 | ▼ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,198 | €25,485 | €12,812 | €25,169 | €10,381 | ▼ 58.8% |
| Fixed assets21/28 | - | - | - | €5,546 | €3,446 | ▼ 37.9% |
| Tangible fixed assets22/27 | - | €0 | - | €5,546 | €3,446 | ▼ 37.9% |
| Furniture and vehicles24 | - | - | - | €5,546 | €3,446 | ▼ 37.9% |
| Current assets29/58 | €7,198 | €25,485 | €12,812 | €19,623 | €6,935 | ▼ 64.7% |
| Amounts receivable within one year40/41 | €6,843 | €23,979 | €12,480 | €13,687 | €3,831 | ▼ 72.0% |
| Trade receivables40 | - | €20,762 | €9,263 | €10,563 | - | - |
| Other amounts receivable41 | - | €3,217 | €3,217 | €3,125 | €3,831 | ▲ 22.6% |
| Cash at bank and in hand54/58 | €355 | €1,506 | €333 | €5,936 | €3,103 | ▼ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,198 | €25,485 | €12,812 | €25,169 | €10,381 | ▼ 58.8% |
| Equity10/15 | -€24,584 | -€36,736 | -€50,315 | -€41,674 | -€45,971 | ▼ 10.3% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | - | €12,500 | €12,500 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €6,100 | €6,100 | - | - | - |
| Reserves13 | €33,890 | €33,890 | €33,891 | €33,891 | €33,891 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €2,030 | €2,031 | €2,031 | €2,031 | = |
| Distributable reserves133 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€70,974 | -€83,126 | -€96,706 | -€88,065 | -€92,362 | ▼ 4.9% |
| Amounts payable17/49 | €31,782 | €62,221 | €63,128 | €66,844 | €56,352 | ▼ 15.7% |
| Amounts payable within one year42/48 | €31,782 | €62,221 | €63,128 | €66,844 | €56,352 | ▼ 15.7% |
| Trade debts44 | €21,701 | €55,384 | €56,301 | €60,699 | €52,722 | ▼ 13.1% |
| Suppliers440/4 | - | €55,384 | €56,301 | €60,699 | €52,722 | ▼ 13.1% |
| Other amounts payable47/48 | - | €6,837 | €6,827 | €6,145 | €3,630 | ▼ 40.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,153 | €20,400 | -€13,579 | €8,641 | -€4,297 | ▼ 150% |
| + Depreciation and write-downs630 | - | - | - | €754 | €2,100 | ▲ 179% |
| Operating cash flow (approximation) | €11,153 | €20,400 | -€13,579 | €9,395 | -€2,197 | ▼ 123% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €1,151 | -€1,173 | €5,603 | -€2,832 | ▼ 151% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €8,641
Net result €8,641 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Highest result since 2018net €20,400 ▲82.9%
Operating result €20,703, net result €20,400, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €11,153
Net result €11,153 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Genappe · 1 establishment unit since 2002
Ground area
1,419 m²
Building footprint
261 m²
Volume, LiDAR
658 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LAM CONSTRUCT
since 20022.115.631.960
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56075C0086/00A000 | Wallonia | 1,229 m² | 1 · 146 m² | - |
| 25003F0122/00F000 | Wallonia | 191 m² | 1 · 115 m² | 7.8 m · 2 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.
Similar companies · same sector and region
AJV-RENOV
BE 0764.895.676
Genappe
Balkan Construct
BE 0515.999.319
Genappe
CDM Construct
BE 0848.408.421
Genappe
CLAVENIR
BE 1007.539.790
Genappe
DECAE V.
BE 0713.711.251
Genappe
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478487637
Also
9925:BE0478487637
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.