LDM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LDM CONSTRUCT is 7.1% (elevated). The 2025 annual accounts show equity of €94,955 and a net result of €77,005. Its solvency ranks better than 37% of 9,288 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €94,955
- Profit
- €77,005
- ANECULI CristianManaging director
- Dragoş Alexandru LascaracheDirector
Why 37raises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2024Latest accounts 59 days late; 1 of the last 3 lateLiquidity: current ratio 1.40, cash €654Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 38% on solvency, 12% on liquidity, 91% on profitability and 96% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 23 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: Dragoş Alexandru Lascarache (director)Share transfer · Shareholding
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00539270.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 367% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 7.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €146,960 | €475,877 | ▲ 224% |
| Goods, raw materials, services and sundry goods60/61 | €124,270 | €372,260 | ▲ 200% |
| Remuneration, social security and pensions62 | - | €1,648 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,639 | - |
| Other operating charges640/8 | €1,435 | €2,095 | ▲ 46.0% |
| Gross operating margin9900 | €22,690 | €106,670 | ▲ 370% |
| Operating profit (loss)9901 | €21,255 | €99,289 | ▲ 367% |
| Financial income75/76B | - | €1,392 | - |
| Recurring financial income75 | - | €1,392 | - |
| Financial charges65/66B | €24 | €183 | ▲ 675% |
| Recurring financial charges65 | €24 | €183 | ▲ 675% |
| Profit (loss) for the period before taxes9903 | €21,231 | €100,498 | ▲ 373% |
| Income taxes67/77 | €4,281 | €23,493 | ▲ 449% |
| Profit (loss) for the period9904 | €16,950 | €77,005 | ▲ 354% |
| Profit (loss) for the period to be appropriated9905 | €16,950 | €77,005 | ▲ 354% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €36,808 | €307,119 | ▲ 734% |
| Fixed assets21/28 | - | €10,161 | - |
| Tangible fixed assets22/27 | - | €10,161 | - |
| Furniture and vehicles24 | - | €10,161 | - |
| Current assets29/58 | €36,808 | €296,958 | ▲ 707% |
| Amounts receivable within one year40/41 | €36,571 | €295,913 | ▲ 709% |
| Trade receivables40 | €34,407 | €229,709 | ▲ 568% |
| Other amounts receivable41 | €2,163 | €66,203 | ▲ 2,961% |
| Cash at bank and in hand54/58 | €238 | €654 | ▲ 175% |
| Deferred charges and accrued income490/1 | - | €391 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €36,808 | €307,119 | ▲ 734% |
| Equity10/15 | €17,950 | €94,955 | ▲ 429% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €16,950 | €93,955 | ▲ 454% |
| Amounts payable17/49 | €18,858 | €212,164 | ▲ 1,025% |
| Amounts payable within one year42/48 | €18,858 | €212,164 | ▲ 1,025% |
| Trade debts44 | €13,946 | €183,290 | ▲ 1,214% |
| Suppliers440/4 | €13,946 | €183,290 | ▲ 1,214% |
| Taxes, remuneration and social security45 | €4,281 | €27,775 | ▲ 549% |
| Taxes450/3 | €4,281 | €27,775 | ▲ 549% |
| Other amounts payable47/48 | €631 | €1,100 | ▲ 74.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €16,950 | €77,005 | ▲ 354% |
| + Depreciation and write-downs630 | - | €3,639 | - |
| Operating cash flow (approximation) | €16,950 | €80,643 | ▲ 376% |
| Change in cash | - | €416 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00539270 |
| 31-12-2024 | micro format | 17-04-2025 | 2025-00071459 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| ANECULI Cristian |
|
| Dragoş Alexandru Lascarache |
|
Owners and capital
Capital and shareholders
- Cristian Aneculi 50 shares
- Dragoş Alexandru Lascarache 50 shares
- Cristian Aneculi to Dragoş Alexandru Lascarache 50 shares
- ANECULI Cristian 100 shares (100%) · €10,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-05-2024 Incorporation · €10,000 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
LDM CONSTRUCT was incorporated on 22 May 2024 as a private limited company by one natural person, with a starting capital of €10,000.12 The board currently has 2 members; ANECULI Cristian has served longest, since 2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
06-02
Gazette deed
Appointment: Dragoş Alexandru Lascarache (director)Share transfer · Shareholding5 facts ▸
- General meeting, 09-01-2026
- Director appointment, Dragoş Alexandru Lascarache (director)
- Share transfer, Cristian Aneculi → Dragoş Alexandru Lascarache
- Shareholding, 50 (2 times)
- Other provision, “gazette annex header”, 26018787 (deed in Dutch)
24-05
Gazette deed
IncorporationAppointment: ANECULI Cristian (director and managing director) · Registered office clause · Board rule9 facts ▸
- Registered office clause, “Bergensesteenweg 24/8, 1600 Sint-Pieters-Leeuw” (deed in Dutch)
- Board rule, 1
- Director appointment, ANECULI Cristian (director (not named in the articles) and managing director)
- Founder, ANECULI Cristian (comparant,oprichter)
- Incorporation, “LDM CONSTRUCT” (deed in Dutch)
- Other provision, 21-05-2024
- Founding capital, €10,000
- Bank account, “bijzondere rekening namens vennootschap in oprichting” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 1009.587.678
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
| 21006A0289/00B002 | Brussels | 108 m² | 1 · 109 m² | 13.8 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken,als algemene aannemer of in onderaanneming,het ontwerp en…” (deed in Dutch)
7 activities (deed in Dutch)
- De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken,als algemene aannemer of in onderaanneming,het ontwerp en de bouw van alle mogelijke gebouwen en bouwsels,de studie en de uitvoering van binnen- en buitendecoraties met inbegrip van het plaatsen/de renovatie van daken en isolatie
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en,algemeen genomen,alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken
- Het verstrekken van advies en bijstand,zowel technisch als administratief en commercieel,aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen
- Het verwerven van alle mogelijke terreinen,het bouwen van openbare en particuliere gebouwen,de aankoop,de verkoop,de verhuur,de verdeling en de verkaveling van alle mogelijke onroerende goederen
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van kunstwerken en gebouwen
- De voorbereiding,de opstelling en het afsluiten,zowel als mandataris als voor eigen rekening,van alle mogelijke overeenkomsten voor openbare of particuliere werken of voor leveringen en het uitvoeren van alle verrichtingen die daarmee verband houden
- De aankoop,verkoop,lease,verhuur,renovatie en transformatie van elk gebouw en,in het algemeen,alle vastgoedtransacties
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LDM CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, exploitatiezetels oprichten of opheffen bij enkel besluit bestuursorgaan wanneer en waar nodig” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, met of zonder beperking, bij gebrek aan bepaling onbepaalde duur” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)“Gelijk recht in winstverdeling en vereffeningsaldo, 100” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Indien nog maar één aandeelhouder dan vrij overdragen geheel of deel” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie krachtens statuten” (deed in Dutch)