Turnover
The micro format states no turnover.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €36,689 to €31,056.
The 2022 accounts came latest: 60 days after the end of the period.
Higher net result than 85% of companies in construction of buildings. Sector median €8,556 · 9,425 companies.
The dashed line is the sector median: 1.5% across 13,459 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 75% of them on solvency, 32% on liquidity, 91% on profitability and 95% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
In July 2024, 39,278 companies had the same profile as LAMAR CONSTRUCT has now. Each dot stands for 99 companies, two years later.
The bankruptcy probability of LAMAR CONSTRUCT itself is higher: 3.1% within 12 months. It rests on far more data about LAMAR CONSTRUCT than the profile alone.
The method was tested on the 497,447 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 LAMAR 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.
Liquidity is ample, with a current ratio of 2.35 (1.47 in 2024), above the usual 1.5. Short-term debt is 33.8% and cash 1.1% of total assets. 33.8% of the assets are financed with debt and provisions.
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.
The company filed its last 4 accounts on average 24 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LAMAR CONSTRUCT Kortrijk | €91,989 | €47,113 | 66.2% | - |
| STAESSENS MAXIM Ichtegem | €106,033 | €52,817 | 53.4% | - |
| ERAN DEMOLITION Bruges | €101,720 | €42,682 | 23.3% | - |
| Vermeersch Filip Wingene | €85,709 | €40,081 | 86.0% | - |
| GIORGIO D'HOORE Knokke-Heist | €76,011 | €46,802 | 58.2% | - |
| BARVA Kortrijk | €88,224 | €39,339 | 65.8% | - |
| Fama Construct Bruges | €112,403 | €41,279 | 33.9% | - |
These companies have the same main activity as LAMAR CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €76,000 and €112,000, founded between 2021 and 2023.
LAMAR CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €15,992 in 2022 to €47,113 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €180,000 and €610,000.
Higher than 75% of 9,435 companies in 2025.
Higher than 65% of 9,183 companies in 2025.
Higher than 93% of 9,255 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
91,989 | 55,011 | 27,949 | 35,041 | |
21/28 |
19,111 | 1,005 | 2,122 | 2,792 | |
22/27 |
19,111 | 1,005 | 2,122 | 2,792 | |
24 |
19,111 | 1,005 | 2,122 | 2,792 | |
29/58 |
72,878 | 54,006 | 25,827 | 32,249 | |
40/41 |
71,893 | 50,018 | 25,582 | 13,460 | |
40 |
52,488 | 34,026 | 22,581 | 12,300 | |
41 |
19,404 | 15,992 | 3,002 | 1,160 | |
54/58 |
985 | 3,987 | 245 | 18,789 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
91,989 | 55,011 | 27,949 | 35,041 | |
10/15 |
60,933 | 18,322 | 6,353 | 20,256 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
55,933 | 13,322 | 1,353 | 15,256 | |
17/49 |
31,056 | 36,689 | 21,595 | 14,785 | |
42/48 |
31,056 | 36,689 | 21,595 | 14,785 | |
44 |
21,106 | 17,408 | 8,246 | 5,886 | |
440/4 |
21,106 | 17,408 | 8,246 | 5,886 | |
45 |
- | 5,602 | 13,349 | 8,899 | |
454/9 |
- | 5,602 | 13,349 | 8,899 | |
47/48 |
9,951 | 13,679 | - | - | |
| Income statement | |||||
9900 |
47,113 | 14,203 | -9,967 | 15,992 | |
630 |
3,394 | 1,117 | 670 | 558 | |
640/8 |
876 | 816 | 100 | 178 | |
9901 |
42,842 | 12,271 | -10,737 | 15,256 | |
65/66B |
231 | 302 | 102 | - | |
65 |
231 | 302 | 102 | - | |
9903 |
42,611 | 11,968 | -10,839 | 15,256 | |
67/77 |
- | - | 3,064 | - | |
9904 |
42,611 | 11,968 | -13,903 | 15,256 | |
9905 |
42,611 | 11,968 | -13,903 | 15,256 | |
| Appropriation of the result | |||||
9906 |
55,933 | 13,322 | 1,353 | 15,256 | |
14P |
13,322 | 1,353 | 15,256 | - | |
| Document | |||||
The notes to these accounts have 5 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 29-08-2026.
2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00458867.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 46,236 | 13,387 | -10,067 | 15,815 | ||
| 46,005 | 13,085 | -13,233 | 15,815 | ||
| 21,500 | 0 | 0 | 3,350 | ||
| -3,002 | 3,742 | -18,544 | - | ||
| 41,822 | 17,317 | 4,232 | 17,465 | ||
| 66.2% | 33.3% | 22.7% | 57.8% | ||
| 2.35 | 1.47 | 1.20 | 2.18 | ||
| 0.51 | 2.00 | 3.40 | 0.73 | ||
| 69.9% | 65.3% | -218.8% | 75.3% | ||
| 46.3% | 21.8% | -49.7% | 43.5% | ||
| over 100 | 44.28 | -98.93 | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €21,500 | - | - | €3,350 |
| €3,394 | €1,117 | €670 | €558 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3.5 times that of 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 66.7% to 33.8%. Equity is higher and debt is lower.
LAMAR CONSTRUCT has no parent and no holdings in its annual accounts. ABDULLAH Riad is the only director. LAMAR CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
LAMAR CONSTRUCT was incorporated on 11 July 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Kortrijk in 2023.3 ABDULLAH Riad is director of the company, appointed by deed of 13-07-2022.2 Total assets rose from €35,041 in 2022 to €91,989 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Brugsesteenweg 89 registered office 8500 Kortrijk | ||
| Aalbeeksesteenweg 98/0011 8500 Kortrijk | 11-07-2022 | 2.333.529.691 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34022E0551/00N013 | 174 m² | 1 · 148 m² | 14.0 m · 3 |
| 34352A0128/00R005 | 71 m² | 1 · 65 m² | 10.8 m · 2 |
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 0788.447.276
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