LCT
ActiveSummary
LCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €13k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+61
Solvency49▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.9 in 2024; short-term debt: 54.7% and cash: 10.5% of total assets), and 76.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
23.9%
Return on assets
2.3%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 25%
← 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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
61 d late
2023
30 d late
2022
29 d late
2021
27 d late
2020
18 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€133k▲ 10.7%
2024 · €120k
Total assets
€556k▲ 2.2%
2024 · €544k
Net result
€13k
2024 · €-96k
Working capital
€-34k▼ 13.9%
2024 · €-30k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€107k€191k▲ 77.9%€96k▼ 49.8%€-90k€23k
Net result€91k€155k▲ 69.5%€65k▼ 57.9%€-96k€13k
Equity€56k▼ 44.5%€151k▲ 170%€216k▲ 43.3%€120k▼ 44.4%€133k▲ 10.7%
Total assets€647k▲ 19.6%€759k▲ 17.4%€681k▼ 10.3%€544k▼ 20.2%€556k▲ 2.2%
Debt€591k▲ 34.2%€608k▲ 3.0%€465k▼ 23.5%€424k▼ 8.9%€423k▼ 0.1%
Working capital€-27k€48k€98k▲ 105%€-30k€-34k▼ 13.9%
Staff (FTE)4▼ 34.4%3.3▼ 17.5%2.8▼ 15.2%1.7▼ 39.3%0.9▼ 47.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €90k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556k
Fixed assets
€286k ▲ 4.8%
Current assets
€270k ▼ 0.3%
Equity and liabilities €556k
Equity
€133k ▲ 10.7%
Debt
€423k ▼ 0.1%
Debt's share of the balance-sheet total falls from 77.9% to 76.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €-78k
Cash flow
€42k▲
2024 · €-84k
Current ratio
0.89▼
2024 · 0.90
Quick ratio
0.84▲
2024 · 0.82
Debt to equity
3.18▼
2024 · 3.53
ROE
9.7%▲
2024 · -80.0%
ROA
2.3%▲
2024 · -17.7%
Interest coverage
4.73▲
2024 · -12.94
Debt ≤ 1 year
€304k▲
2024 · €300k
Debt > 1 year
€119k▼
2024 · €123k
Staff costs
€54k▼
2024 · €118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €199k | €169k | €155k | €118k | €54k | ▼ 54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €18k | €13k | €12k | €29k | ▲ 141% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-188 | €4k | €-2 | - | - | - |
| Other operating charges640/8 | €4k | €5k | €5k | €5k | €7k | ▲ 33.6% |
| Gross operating margin9900 | €333k | €387k | €268k | €45k | €113k | ▲ 151% |
| Operating profit (loss)9901 | €107k | €191k | €96k | €-90k | €23k | ▲ 126% |
| Financial income75/76B | €7 | €75 | €83 | €180 | €604 | ▲ 236% |
| Recurring financial income75 | €7 | €75 | €83 | €180 | €604 | ▲ 236% |
| Financial charges65/66B | €6k | €9k | €6k | €6k | €11k | ▲ 82.2% |
| Recurring financial charges65 | €6k | €9k | €6k | €6k | €11k | ▲ 82.2% |
| Profit (loss) for the period before taxes9903 | €102k | €182k | €90k | €-96k | €13k | ▲ 113% |
| Income taxes67/77 | €10k | €27k | €25k | - | - | - |
| Profit (loss) for the period9904 | €91k | €155k | €65k | €-96k | €13k | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €91k | €155k | €65k | €-96k | €13k | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €647k | €759k | €681k | €544k | €556k | ▲ 2.2% |
| Fixed assets21/28 | €272k | €261k | €248k | €273k | €286k | ▲ 4.8% |
| Tangible fixed assets22/27 | €272k | €260k | €248k | €273k | €286k | ▲ 4.8% |
| Land and buildings22 | €261k | €251k | €241k | €231k | €222k | ▼ 4.0% |
| Plant, machinery and equipment23 | €3k | €1k | €1k | €532 | €245 | ▼ 54.1% |
| Furniture and vehicles24 | - | €6k | €5k | €3k | €5k | ▲ 49.6% |
| Leasing and similar rights25 | €5k | - | - | €33k | €55k | ▲ 67.9% |
| Other tangible fixed assets26 | €3k | €2k | €2k | €5k | €4k | ▼ 21.2% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €375k | €499k | €433k | €271k | €270k | ▼ 0.3% |
| Stocks and contracts in progress3 | €30k | €31k | €21k | €25k | €15k | ▼ 41.4% |
| Stocks30/36 | €30k | €31k | €21k | €25k | €15k | ▼ 41.4% |
| Amounts receivable within one year40/41 | €188k | €259k | €318k | €166k | €192k | ▲ 15.8% |
| Trade receivables40 | €130k | €240k | €313k | €127k | €151k | ▲ 18.5% |
| Other amounts receivable41 | €58k | €19k | €5k | €39k | €41k | ▲ 6.6% |
| Cash at bank and in hand54/58 | €138k | €148k | €90k | €73k | €58k | ▼ 20.4% |
| Deferred charges and accrued income490/1 | €18k | €61k | €4k | €6k | €5k | ▼ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €647k | €759k | €681k | €544k | €556k | ▲ 2.2% |
| Equity10/15 | €56k | €151k | €216k | €120k | €133k | ▲ 10.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €29k | €123k | €189k | €93k | €106k | ▲ 13.9% |
| Amounts payable17/49 | €591k | €608k | €465k | €424k | €423k | ▼ 0.1% |
| Amounts payable after more than one year17 | €190k | €158k | €130k | €123k | €119k | ▼ 3.2% |
| Financial debts170/4 | €190k | €158k | €130k | €123k | €119k | ▼ 3.2% |
| Amounts payable within one year42/48 | €401k | €451k | €336k | €300k | €304k | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | €6k | - | - | €30k | €14k | ▼ 53.4% |
| Financial debts43 | €37k | €91k | €28k | €49k | €50k | ▲ 0.3% |
| Credit institutions430/8 | - | €55k | - | €25k | €25k | ▼ 0.4% |
| Other loans439 | €37k | €36k | €28k | €25k | €25k | ▲ 1.1% |
| Trade debts44 | €215k | €113k | €112k | €84k | €152k | ▲ 81.9% |
| Suppliers440/4 | €215k | €113k | €112k | €84k | €152k | ▲ 81.9% |
| Advances received on contracts in progress46 | - | - | - | - | €3k | - |
| Taxes, remuneration and social security45 | €8k | €37k | €49k | €16k | €2k | ▼ 85.2% |
| Taxes450/3 | €2k | €33k | €47k | €15k | €297 | ▼ 98.0% |
| Remuneration and social security454/9 | €6k | €4k | €2k | €1k | €2k | ▲ 39.0% |
| Other amounts payable47/48 | €135k | €210k | €147k | €121k | €83k | ▼ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91k | €155k | €65k | €-96k | €13k | ▲ 113% |
| + Depreciation and write-downs630 | €22k | €18k | €13k | €12k | €29k | ▲ 141% |
| Operating cash flow (approximation) | €113k | €173k | €78k | €-84k | €42k | ▲ 150% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €-37k | €-42k | ▼ 13.1% |
| Change in cash | - | €10k | €-58k | €-17k | €-15k | ▲ 11.4% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-96k
Net result drops to €-96k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €216k ▲43.3%
3 profitable years in a row build equity to €216k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €155k ▲69.5%
Operating result €191k, net result €155k, both a record.
31-12
Financial
Equity above €150kEq €151k ▲170%
2 profitable years in a row build equity to €151k.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
31-12
Financial
Back to profitnet €91k
Net result €91k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
Show earlier events
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 105 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Izegem · 1 establishment unit since 2012
Ground area
901 m²
Building footprint
677 m²
Volume, LiDAR
3,823 m³
Parcel 36494D1008/00N003, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIAGRE-CAUWELS BVBA
since 20122.206.417.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1008/00N003 | Flanders | 901 m² | 1 · 677 m² | 11.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 450 EUR awarded · 450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 3,030 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.