Equity
€42,513 ▲ 90.3%
LB Construct has made a profit in every financial year since 2021.
LB Construct
Overview
Lifetime
5 annual accounts with figures on one time axispeak €32,068 (2025)
€32,068▲ 172%
peak €20,630 (2025)
€20,630▲ 133%
peak €42,513 (2025)
€42,513▲ 90.3%
€9,907▼ 4.7%
Board1 name since 2019
1 director
Documentsfilings and deeds
02-04-202661 days late
2025micro format
Gross margin from €11,780 to €32,068Result from €8,837 to €20,630Equity from €22,341 to €42,513Cash from €277 to €18
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The micro format states no turnover.
Liquidity
6.23 was 2.88 in 2024
Short-term debts fell from €10,391 to €8,269.
Filings
5 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Starting capital
€2,000 100 shares
Position in the sector
81.1%
Higher solvency than 86% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as LB Construct has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% 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.
| 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 26,969 companies, not a prediction for LB 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0738587395
First establishment
Geelsebaan 90, Kasterlee
Incorporation
Founding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 03-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LB Construct Kasterlee | €52,420 | €32,068 | 81.1% | - |
| Classic Young Car's Villers-le-Bouillet | €51,937 | €30,177 | -110.8% | - |
| Bouwwerken Mannaerts Pelt | €51,750 | €26,351 | 98.6% | - |
| ELIS CONSTRUCT Brussels | €59,664 | €34,698 | 69.5% | - |
| PILI CONSTRUCT Sivry-Rance | €62,962 | €26,872 | 86.3% | - |
| Verbeke Nick Lichtervelde | €46,333 | €22,989 | 5.4% | - |
| KaMiNut Soignies | €45,455 | €25,072 | 48.1% | - |
These companies have the same main activity as LB Construct: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €45,500 and €63,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 29-11-2019Normal situation
- Activity
- Bricklaying and masonry workNACE 43910
- Establishment unit
- 2.299.194.1662460 Kasterlee, since 02-01-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 08-10-2025
Annual accounts to 30-06-2025
- €32,068▲ 172%
- €20,630▲ 133%
- €42,513▲ 90.3%
- €52,420▲ 60.2%
- Filing
- Filed on 02-04-2026
Insights on LB Construct
LB Construct files the micro format. That format states no turnover. The gross margin rose from €12,891 in 2021 to €32,068 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 02-04-2026, 61 days late€32,068
▲ 172%
€29,233
▲ 185%
€20,630
▲ 133%
€43,248
▲ 122%
81.1%
▲ 12.8 percentage points
6.23
▲ 3.35
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 ≈ €270,000. Estimated: probably between €160,000 and €490,000.
Balance sheet
balance sheet total €52,420 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
81.1%
Higher than 86% of 37,177 companies in 2025.
6.23
Higher than 88% of 36,472 companies in 2025.
39.4%
Higher than 92% of 36,707 companies in 2025.
LB Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
52,420 | 32,731 | 34,861 | 65,344 | 21,564 | |
21/28 |
903 | 2,848 | 660 | 1,099 | 1,539 | |
22/27 |
903 | 2,848 | 660 | 1,099 | 1,539 | |
23 |
- | 220 | 660 | 1,099 | 1,539 | |
24 |
903 | 2,628 | - | - | - | |
29/58 |
51,517 | 29,884 | 34,202 | 64,245 | 20,025 | |
40/41 |
51,499 | 29,607 | 31,832 | 48,589 | 14,246 | |
40 |
3,880 | 100 | 3,170 | 24,634 | 2,706 | |
41 |
47,619 | 29,507 | 28,662 | 23,955 | 11,540 | |
54/58 |
18 | 277 | 2,369 | 365 | 2,421 | |
490/1 |
- | - | - | 15,291 | 3,358 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
52,420 | 32,731 | 34,861 | 65,344 | 21,564 | |
10/15 |
42,513 | 22,341 | 13,503 | 11,628 | 10,184 | |
10/11 |
1,542 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
40,971 | 20,341 | 11,503 | 9,628 | 8,184 | |
17/49 |
9,907 | 10,391 | 21,358 | 53,715 | 11,380 | |
42/48 |
8,269 | 10,391 | 21,358 | 53,430 | 10,364 | |
44 |
431 | 1,687 | 7,327 | 32,651 | 5,559 | |
440/4 |
431 | 1,687 | 7,327 | 32,651 | 5,559 | |
46 |
- | - | 3,836 | 17,520 | 2,040 | |
45 |
7,838 | 8,704 | 10,195 | 3,259 | 2,764 | |
450/3 |
7,838 | 8,704 | 10,195 | 3,259 | 2,764 | |
492/3 |
1,638 | - | - | 285 | 1,017 | |
| Income statement | ||||||
76A |
- | 5,412 | - | - | - | |
9900 |
32,068 | 11,780 | 5,389 | 1,297 | 12,891 | |
62 |
405 | 182 | 115 | 14 | 805 | |
630 |
1,945 | 1,262 | 440 | 440 | 660 | |
640/8 |
486 | 63 | 51 | 51 | 300 | |
9901 |
29,233 | 10,273 | 4,783 | 793 | 11,126 | |
75/76B |
- | 2,636 | 0 | 1,397 | 10 | |
75 |
- | 2,636 | 0 | 1,397 | 10 | |
65/66B |
766 | 398 | 2,142 | 250 | 188 | |
65 |
766 | 398 | 2,142 | 250 | 188 | |
9903 |
28,468 | 12,511 | 2,642 | 1,940 | 10,948 | |
67/77 |
7,838 | 3,674 | 767 | 495 | 2,764 | |
9904 |
20,630 | 8,837 | 1,875 | 1,445 | 8,184 | |
9905 |
20,630 | 8,837 | 1,875 | 1,445 | 8,184 | |
| Appropriation of the result | ||||||
9906 |
40,971 | 20,341 | 11,503 | 9,628 | 8,184 | |
14P |
20,341 | 11,503 | 9,628 | 8,184 | - | |
| Document | ||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 2 April 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00076163.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-04-2026 | 2026-00076163 | |
| 30-06-2024 | micro format | 21-11-2025 | 2025-00568894 | |
| 30-06-2023 | micro format | 15-02-2024 | 2024-00030368 | |
| 30-06-2022 | micro format | 14-01-2023 | 2023-20558150 | |
| 30-06-2021 | micro format | 01-02-2022 | 2022-04500117 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 31,178 | 11,535 | 5,223 | 1,233 | 11,785 | ||
| 22,575 | 10,099 | 2,315 | 1,885 | 8,843 | ||
| 0 | 10,572 | 0 | 0 | 2,198 | ||
| -259 | -2,092 | 2,004 | -2,056 | - | ||
| 43,248 | 19,493 | 12,844 | 10,814 | 9,661 | ||
| 81.1% | 68.3% | 38.7% | 17.8% | 47.2% | ||
| 6.23 | 2.88 | 1.60 | 1.20 | 1.93 | ||
| 0.23 | 0.47 | 1.58 | 4.62 | 1.12 | ||
| 48.5% | 39.6% | 13.9% | 12.4% | 80.4% | ||
| 39.4% | 27.0% | 5.4% | 2.2% | 38.0% | ||
| 40.72 | 28.99 | 2.44 | 4.93 | - |
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.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €10,572 | - | - |
| €1,945 | €1,262 | €440 | €440 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on LB Construct
The operating result for 2025 is 185% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 31.7% to 18.9%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 03-12-2019
term without a fixed end
listed in the 2025 annual accounts, filed on 02-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 03-12-2019
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 03-12-2019, still in office
Control
Founder
This company
LB Construct
Equity €42,513
Profit €20,630 in 2025
Capital
- Contribution
- €1,542.32
- Shares
- 100
- Contribution per share
- €15.42
- Equity per share
- €425 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 03-12-2019 (in Dutch)- 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
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of November at 19:00
- 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 03-12-2019 ↗
- 100 shares (100%) · €2,000
Network & group
No group
LB Construct has no parent and no holdings in its annual accounts. is the only director. LB Construct shares no director with another company.
Timeline
Timeline
11 events since 2019Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 61 days late
2025
Annual accounts 2024 filed PDFmicro format · 294 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0738587395
Highest result from 2021 to 2025 net €20,630 ▲133% The operating result of €29,233 and the net result of €20,630 are both a record.
Liquidity more than doubled current ratio 6.23 The current ratio rises from 2.88 to 6.23. Short-term debt falls from €10,391 to €8,269.
2024
Annual accounts 2023 filed PDFmicro format · 15 days late
2023
Annual accounts 2022 filed PDFmicro format · 17 days before the deadline
2022
Weakest financial year net €1,445 ▼82.3% The net result drops to €1,445, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 1 day late
2020
First establishment Geelsebaan 90, Kasterlee
2019
IncorporationFounding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 03-12-20195 points ▸
- Founder,
- Founding capital, €2,000, 100 shares
- Registered office clause, Geelsebaan 90, 2460 Kasterlee
- Director appointment, (director (not named in the articles))
- Board rule, 1
- The deed holds 2 more points.
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
- 0738.587.395
- VAT number
- BE 0738.587.395
- Peppol ID
- 0208:0738587395
- Other Peppol ID
- 9925:BE0738587395
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-11-2019
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of November at 19:00deed of 03-12-2019 (in Dutch)
- Peppol
- Reachable since 08-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- LB Construct in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-12-2019 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- LB Constructdeed of 03-12-2019 (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.
- “Vlaams Gewest”deed of 03-12-2019 (in Dutch)
Activities
NACEBEL 202543910
Bricklaying and masonry work main activity
Codes under NACEBEL 2008
43994
Specialised construction activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Optrekken van de ruwbouw van individuele huizen; Optrekken van de ruwbouw van gebouwen met celstructuur (appartementsgebouwen,enzovoorts)…”deed of 03-12-2019 (in Dutch)
24 activities
- Optrekken van de ruwbouw van individuele huizen;
- Optrekken van de ruwbouw van gebouwen met celstructuur (appartementsgebouwen,enzovoorts);
- Algemene bouw van andere niet-residentiële gebouwen;
- Optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik,van stel- en stapelplaatsen,scholen,ziekenhuizen,van gebouwen voor de beoefening van erediensten,cultuur,enzovoorts;
- Montage van hangars,loodsen,schuren,silo’s enzovoorts voor landbouwdoeleinden;
- Bouw van bruggen en tunnels
- Bouw van bruggen (inclusief bruggen voor verhoogde wegen),viaducten,enzovoorts;
- Bouw van tunnels voor spoorweg- en autoverkeer en van overige ondergrondse doorgangen;
- Uitvoeren van metsel- en voegwerken;
- Uitvoeren van metselwerk;
- Uitvoeren van voegwerken;
- Bouwen van funderingen,inclusief heien;
- Bouwen van schoorstenen en industriële ovens;
- Monteren van niet-zelf vervaardigde metalen constructiewerken;
- Optrekken en afbreken van steigers en werkplatforms;
- Verhuur van machines voor de bouwnijverheid met bedieningspersoneel;
- Handelsbemiddeling in hout en bouwmaterialen;
- Groothandel in bouwmaterialen,algemeen assortiment;
- Groothandel in bouwmaterialen:zand,grind,cement,bakstenen,enzovoorts;
- Groothandel in schrijnwerk,anders dan hout;
- Bouwmarkten en andere doe-het-zelfzaken in bouwmaterialen,algemeen assortiment;
- Vloer- en tegelwerken;
- Persoonlijke en zakelijke dienstverlening;
- Het verwerven en het beheer van roerende en onroerende goederen of zakelijke rechten daarop,alsook van een eigen roerend of onroerend vermogen in België of in het buitenland;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Geelsebaan 90 registered office 2460 Kasterlee | 02-01-2020 | 2.299.194.166 |
Buildings and parcels at the address
- Ground area
- 700 m²
- Buildings
- 106 m²
- Volume, LiDAR
- 501 m³
- Tallest building
- 7.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13017D0053/00T000 | 700 m² | 1 · 106 m² | 7.1 m · 2 |
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 0738.587.395