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LATHI CONSTRUCT

Active Private limited company (pre-2019)founded 2016active for 9 yearsNoordstraat 30, 2470 RetieKBO/BCE: BE 0668.406.115
LATHI CONSTRUCT
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Overview

Lifetime

9 annual accounts with figures on one time axis
peak €312,632 (2021)
-€2,617▲ €5,108
lowest -€44,464 (2023)
-€4,991▲ €714
peak €129,216 (2022)
€74,057▼ 6.3%
€127▼ 67.7%
peak 4.9 FTE (2021)
-not published
Board2 names since 2016
2 directors and 1 other
Documentsfilings and deeds
09-07-202622 days before the deadline
2025abbreviated format
Gross margin from -€7,725 to -€2,617Loss of €4,991Debts from €393 to €127Cash from €2,149 to €151

Key points

from the 2025 annual accounts

Equity

€74,057 from €129,216 in 2022

Equity fell by 43% in 3 years.

Losses

-€55,159 in three years
-44,4642023-5,7042024-4,9912025

Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.

Investments

€3,496 13.4 × depreciation
2021202220232025

Green is investment, beige is depreciation.

Filings

9 annual accounts 2 late
AprilJune31 JulyOctober20202025

The 2022 accounts came latest: 59 days after the end of the period.

Position in the sector

99.8%

Higher solvency than 95% of companies in construction of buildings. Sector median 36.1% · 2,642 companies.

Turnover not published (abbreviated format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 3,440 companies had the same profile as LATHI CONSTRUCT has now. Each dot stands for 9 companies, two years later.

90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 3,440 companies, not a prediction for LATHI 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

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

Board and ownership

Manager
Manager
  • 99 sharesdeed of 28-12-2016
  • 1 sharedeed of 28-12-2016
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0668406115
Appointment: (manager) Gazette deed
Incorporation Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: ; · Appointment: (manager) · published on 28-12-2016 · Gazette deed
First establishment Noordstraat 30, Retie
All 20 events

Comparable companies

same main activity, similar in size and age
Company
LATHI CONSTRUCT Retie €74,184 -€2,617 99.8% -
MT Bouw Geel €80,895 -€671 87.7% -
Spier Construct Turnhout €84,050 -€1,075 -66.7% -
T.C.G. Mol €84,272 -€35,789 17.2% -
C & W CONSTRUCT Hulshout €70,528 -€25,336 47.5% -
Korabo Geel €91,177 -€11,672 54.9% -
Albrim Construct Namur €75,302 €747 71.9% -

These companies have the same main activity as LATHI CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €70,500 and €91,200, founded between 2015 and 2017.

Official details

Source: KBO
Status
Active since 23-12-2016Normal situation
Activity
General construction of residential buildingsNACE 41001
Establishment unit
2.265.025.4222470 Retie, since 23-12-2016
Financial year end
31 December
Peppol
Reachable since 19-02-2026
Company details

Annual accounts 2025

-€2,617▲ 66.1%
€4,991▼ 12.5%
€74,057▼ 6.3%
€74,184▼ 6.6%
Filing
Filed on 09-07-2026, 22 days before the end of the filing period
Financials

Insights on LATHI CONSTRUCT

LATHI CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €86,810 in 2017 to -€2,617 in 2025.

The balance sheet grew most from 2018 to 2019 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 09-07-2026, 22 days before the deadline
-€2,617
▲ €5,108
-€8,253
▲ €430
-€4,991
▲ €714
€73,813
▼ 6.0%
99.8%
▲ 0.3 percentage points
-

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €74,184 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

99.8%

Higher than 95% of 2,642 companies in 2025.

-

Higher than 85% of 1,989 companies in 2023.

-6.7%

Higher than 12% of 2,622 companies in 2025.

LATHI CONSTRUCT Middle half of the sector 80% of the sector Abbreviated accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 74,18479,441132,914308,199318,275241,842261,269144,668136,779
21/28 24450476416,77641,34282,653113,56035,86426,624
22/27 24450476416,77641,34282,653113,56035,86426,624
23 2445047648,60918,02714,91121,47623,84712,498
24 ---8,16723,31667,74392,08512,01714,125
29/58 73,94078,937132,150291,423276,933159,189147,709108,804110,155
3 ---3,94018,47617,000---
30/36 ---3,9408,02010,000---
37 ----10,4567,000---
40/41 73,78976,593102,142189,812251,163138,362140,07181,68647,914
40 1525,84126,530137,393229,842124,749107,24377,72947,899
41 73,63670,75175,61252,41921,32113,61432,8283,95715
54/58 1512,14930,00897,6717,2943,8277,63824,61762,241
490/1 -195-----2,500-
Balance sheet: equity and liabilities
10/49 74,18479,441132,914308,199318,275241,842261,269144,668136,779
10/15 74,05779,04884,752129,216122,53379,01939,58546,56436,622
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,600
101 ------12,40012,40012,400
13 123,016123,016123,016123,016116,33372,81933,38540,36430,422
130/1 1,8601,8601,8601,8601,8601,860---
130 ------1,8601,8601,860
1311 1,8601,8601,8601,8601,8601,860---
133 121,156121,156121,156121,156114,47370,95931,52538,50428,562
14 -55,159-50,169-44,464------
17/49 12739348,162178,982195,742162,823221,68498,104100,156
17 --17,20929,50347,97457,12977,31517,82211,513
170/4 --17,20929,50347,97457,12977,31517,82211,513
42/48 12739330,953149,480147,768105,694144,36980,28285,644
42 --22,29322,78529,63520,18619,8437,5793,313
43 ------28,550--
430/8 ------28,550--
44 12739342105,356107,86280,08766,25925,04743,442
440/4 12739342105,356107,86280,08766,25925,04743,442
45 --8,61721,3399,2594,278-16,93124,486
450/3 --8,61720,4064,0683,325-15,42818,518
454/9 ---9335,191953-1,5035,967
47/48 ----1,0131,14329,71730,72514,403
492/3 --------3,000
Income statement
76A --17,338------
9900 -2,617-7,725-26,249260,416312,632221,361139,616100,56786,810
60/61 ---1.0m1.2m----
62 --2,411185,504222,801139,743109,17174,69628,775
630 26026026016,37325,00033,58134,72911,2427,413
631/4 -1,155-1,155-5,660-----
635/8 --------5,660
640/8 6,5316981,2153,1952,7411,4691,2851,0071,437
66A --13,5397,755-----
9901 -8,253-8,683-44,82953,24862,09046,569-5,57013,62243,524
75/76B 3,8414,0433,3509434147291683
75 3,8414,0433,3509434147291683
65/66B 3741,0642,9604,0133,3202,4912,4521,888638
65 3741,0642,9604,0133,3202,4912,4521,888638
9903 -4,786-5,704-44,43950,17858,81144,124-7,99411,90242,890
67/77 204-2513,49515,2974,690-1,0151,96012,467
9904 -4,991-5,704-44,46436,68343,51439,434-6,9789,94130,422
9905 -4,991-5,704-44,46436,68343,51439,434-6,9789,94130,422
Appropriation of the result
9906 -55,159-50,169-44,46436,68343,51439,434-6,9789,94130,422
14P -50,169-44,464-------
791/2 ------6,978--
691/2 ---6,68343,51439,434-9,94130,422
6920 --------1,860
6921 ---6,68343,51439,434-9,94128,562
694/7 ---30,000-----
695 ---30,000-----
Social balance sheet
9087 --3.43.44.93.52.221
Hours worked1013 ---5,1546,5864,4433,4153,240974
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

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 09-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 09-07-2026 2026-00279941 PDF
31-12-2024 abbreviated format 27-06-2025 2025-00200757 PDF
31-12-2023 abbreviated format 31-07-2024 2024-00311924 PDF
31-12-2022 abbreviated format 28-09-2023 2023-00460038 PDF
31-12-2021 abbreviated format 16-08-2022 2022-20299300 PDF
31-12-2020 abbreviated format 15-07-2021 2021-37200417 PDF
31-12-2019 abbreviated format 31-07-2020 2020-38900591 PDF
31-12-2018 abbreviated format 23-07-2019 2019-38100557 PDF
31-12-2017 micro format 28-06-2018 2018-24400021 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
-7,993-8,423-44,56969,62187,09080,15029,15924,86350,938
-4,731-5,444-44,20453,05668,51473,01527,75021,18337,836
3,496049,62385,00031,2253,474112,42528,43334,037
-1,997-27,859-67,66390,3773,468-3,811-16,980-37,624-
73,81378,543101,197141,943129,16553,4953,34028,52224,512
99.8%99.5%63.8%41.9%38.5%32.7%15.2%32.2%26.8%
--4.271.951.871.511.021.361.29
--4.271.921.751.351.021.361.29
0.000.000.571.391.602.065.602.112.73
-6.7%-7.2%-52.5%28.4%35.5%49.9%-17.6%21.3%83.1%
-6.7%-7.2%-33.5%11.9%13.7%16.3%-2.7%6.9%22.2%
-21.39-7.92-15.0617.3526.23----
---37 days34 days----

A ratio outside any meaningful range has been withheld (balance sheet total €74,184, equity €74,057).

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.

Social balance sheet

Item31-12-202331-12-202231-12-2021
Employees at the balance-sheet date-15
full-time-15
in full-time equivalents-15
3.43.44.9
On a permanent contract-15
Joined001
Left140

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,496-€49,623€85,000€31,225
€260€260€260€16,373€25,000

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on LATHI CONSTRUCT

The operating result for 2025 is a loss of €8,253, smaller than the loss of €8,683 in 2024.

Debt's share of the balance-sheet total falls from 0.5% to 0.2%. Equity and debt are lower.

Board & ownership

Board

2 directors, no change since 2017
Manager (not named in the articles)
appointed by deed of 28-12-2016 term without a fixed end
listed in the 2025 annual accounts, filed on 09-07-2026
Manager
appointed by deed of 21-06-2017
listed in the 2025 annual accounts, filed on 09-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each manager alone
deed of 28-12-2016

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Manager (not named in the articles)

Manager
Board
Mandates as a list
    • Manager (not named in the articles), appointed by deed of 28-12-2016, still in office
    • Manager, appointed by deed of 21-06-2017, still in office

See the board, name and registered office on a given date →

Control

Founders
,
This company
LATHI CONSTRUCT
Equity €74,057
Loss €4,991 in 2025

Capital

Contribution
€6,200
Shares
100
Contribution per share
€62
Equity per share
€741 in 2025
Source
2025 annual accounts

Articles of association

deed of 28-12-2016 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 20:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor

Shareholders

At incorporation deed of 28-12-2016 ↗
  • 99 shares (99%) · €18,414
  • 1 share (1%) · €186

Network & group

No group

LATHI CONSTRUCT has no parent and no holdings in its annual accounts.

Connections & network

1 connected company
Depth

The 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
via and · Manager (not named in the articles) · deed of 08-06-2018
No longer active

Timeline

Timeline

20 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 22 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0668406115
2025
Liquidity more than doubled current ratio 583.03 The current ratio rises from 200.76 to 583.03. Short-term debt falls from €393 to €127.
Annual accounts 2024 filed PDFabbreviated format · 34 days before the deadline
2024
Liquidity times 47 current ratio 200.76 The current ratio rises from 4.27 to 200.76. Short-term debt falls from €30,953 to €393.
Annual accounts 2023 filed PDFabbreviated format · on the deadline day
2023
Weakest financial year net -€44,464 The net result drops to -€44,464, the lowest from 2017 to 2025. It recovers the following year.
Liquidity more than doubled current ratio 4.27 The current ratio rises from 1.95 to 4.27. Short-term debt falls from €149,480 to €30,953.
Annual accounts 2022 filed PDFabbreviated format · 59 days late
2022
Annual accounts 2021 filed PDFabbreviated format · 16 days late
2021
Highest result from 2017 to 2025 net €43,514 ▲10.3% The operating result of €62,090 and the net result of €43,514 are both a record.
Equity above €100,000 equity €122,533 ▲55.1% After 2 profitable years in a row, equity reaches €122,533.
Annual accounts 2020 filed PDFabbreviated format · 16 days before the deadline
2020
Back to profit net €39,434 The net result is €39,434, after one loss-making year.
Annual accounts 2019 filed PDFabbreviated format · on the deadline day
2019
Annual accounts 2018 filed PDFabbreviated format · 8 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 33 days before the deadline
2017
Appointment: (manager)1 point ▸
  • Director appointment, (manager)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2016
IncorporationFounding capital of €18,600, 100 shares, €6,200 paid up · Founders: ; · Appointment: (manager) · published on 28-12-20165 points ▸
  • Founder,
  • Founder,
  • Founding capital, €18,600, 100 shares
  • Capital, €18,600, 100 shares
  • Director appointment, (manager (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Noordstraat 30, Retie

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

LATHI CONSTRUCT was incorporated on 23 December 2016 by two natural persons, with a starting capital of €18,600.12 The board currently has 2 members.3 Total assets fell from €144,668 in 2018 to €74,184 in 2025 and headcount from 2 full-time equivalents in 2018 to 3.4 in 2023.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 28-12-2016
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2018, 2023 and 2025

Company details

Identity

Enterprise number
0668.406.115
VAT number
BE 0668.406.115
Peppol ID
0208:0668406115
Other Peppol ID
9925:BE0668406115
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
23-12-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 20:00
deed of 28-12-2016 (in Dutch)
Peppol
Reachable since 19-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
LATHI CONSTRUCT in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2016 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Noordstraat 23, 2470 Retie”
deed of 28-12-2016 (in Dutch)

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
Codes under NACEBEL 2008
41201 General construction of buildings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Algemene aannemingen en woningbouw; Schrijnwerk; Isolatiewerkzaamheden; Vloerbedekking; Glaszetten; Dakwerken; Metsel – en voegwerken…”
8 activities
  1. Algemene aannemingen en woningbouw
  2. Schrijnwerk
  3. Isolatiewerkzaamheden
  4. Vloerbedekking
  5. Glaszetten
  6. Dakwerken
  7. Metsel – en voegwerken
  8. Detailhandel in bouwmaterialen
deed of 28-12-2016 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Noordstraat 30 registered office 2470 Retie 16110 Sawmilling and planing of wood 23-12-2016 2.265.025.422

Buildings and parcels at the address

Ground area
1,481 m²
Buildings
150 m²
Volume, LiDAR
346 m³
Tallest building
8.6 m
Buildings to scale, each on its own parcel
150 m², 8.6 m 150 m², 8.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
13036C0428/00G0001,481 m² 1 · 150 m² 8.6 m

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 0668.406.115

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