LENNERTS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LENNERTS CONSTRUCT is 2.4% (moderate). The 2025 annual accounts show equity of €156,132 and a net result of €54,766. Equity is growing by ~61.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 7524 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-11
Solvency61▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.31 in 2024; short-term debt: 54% and cash: 16.1% of total assets), and 63.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€156,132▲ 54.0%
2024 · €101,366
Total assets
€430,940▲ 36.2%
2024 · €316,382
Net result
€54,766▼ 21.1%
2024 · €69,438
Working capital
€113,785▲ 130%
2024 · €49,573
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
Line202320242025
Operating result€26,704-€90,883▲ 240%€77,600▼ 14.6%
Net result€21,928-€69,438▲ 217%€54,766▼ 21.1%
Equity€31,928-€101,366▲ 217%€156,132▲ 54.0%
Total assets€90,126-€316,382▲ 251%€430,940▲ 36.2%
Debt€58,199-€215,016▲ 269%€274,808▲ 27.8%
Working capital€5,918-€49,573▲ 738%€113,785▲ 130%
Staff (FTE)1-1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +251% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430,940
Fixed assets
€84,415 ▼ 21.7%
Current assets
€346,525 ▲ 66.2%
Equity and liabilities €430,940
Equity
€156,132 ▲ 54.0%
Debt
€274,808 ▲ 27.8%
Debt's share of the balance-sheet total falls from 68.0% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104,659▲
2024 · €100,689
Cash flow
€81,824▲
2024 · €79,244
Current ratio
1.49▲
2024 · 1.31
Quick ratio
1.18▲
2024 · 0.84
Debt to equity
1.76▼
2024 · 2.12
ROE
35.1%▼
2024 · 68.5%
ROA
12.7%▼
2024 · 21.9%
Interest coverage
12.10▼
2024 · 21.79
Debt ≤ 1 year
€232,739▲
2024 · €158,988
Debt > 1 year
€41,319▼
2024 · €55,104
Income taxes
€14,188▼
2024 · €16,825
Staff costs
€20,054▲
2024 · €12,781
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,803 | €12,781 | €20,054 | ▲ 56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,477 | €9,806 | €27,059 | ▲ 176% |
| Other operating charges640/8 | €270 | €340 | €412 | ▲ 21.1% |
| Gross operating margin9900 | €36,254 | €113,811 | €125,125 | ▲ 9.9% |
| Operating profit (loss)9901 | €26,704 | €90,883 | €77,600 | ▼ 14.6% |
| Financial income75/76B | €11 | €0 | €3 | ▲ 4,750% |
| Recurring financial income75 | €11 | €0 | €3 | ▲ 4,750% |
| Financial charges65/66B | €857 | €4,621 | €8,649 | ▲ 87.2% |
| Recurring financial charges65 | €857 | €4,621 | €8,649 | ▲ 87.2% |
| Profit (loss) for the period before taxes9903 | €25,859 | €86,263 | €68,954 | ▼ 20.1% |
| Income taxes67/77 | €3,931 | €16,825 | €14,188 | ▼ 15.7% |
| Profit (loss) for the period9904 | €21,928 | €69,438 | €54,766 | ▼ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €21,928 | €69,438 | €54,766 | ▼ 21.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €90,126 | €316,382 | €430,940 | ▲ 36.2% |
| Fixed assets21/28 | €26,010 | €107,821 | €84,415 | ▼ 21.7% |
| Tangible fixed assets22/27 | €25,727 | €107,539 | €84,132 | ▼ 21.8% |
| Plant, machinery and equipment23 | €1,706 | €33,585 | €29,606 | ▼ 11.8% |
| Furniture and vehicles24 | €24,021 | €31,055 | €22,661 | ▼ 27.0% |
| Leasing and similar rights25 | - | €42,899 | €31,865 | ▼ 25.7% |
| Financial fixed assets28 | €283 | €283 | €283 | = |
| Current assets29/58 | €64,116 | €208,560 | €346,525 | ▲ 66.2% |
| Stocks and contracts in progress3 | €16,878 | €75,536 | €72,272 | ▼ 4.3% |
| Stocks30/36 | €16,878 | €75,536 | €72,272 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €42,364 | €127,420 | €198,163 | ▲ 55.5% |
| Trade receivables40 | €37,043 | €114,512 | €190,644 | ▲ 66.5% |
| Other amounts receivable41 | €5,320 | €12,908 | €7,519 | ▼ 41.8% |
| Cash at bank and in hand54/58 | €4,875 | €389 | €69,394 | ▲ 17,762% |
| Deferred charges and accrued income490/1 | - | €5,216 | €6,695 | ▲ 28.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €90,126 | €316,382 | €430,940 | ▲ 36.2% |
| Equity10/15 | €31,928 | €101,366 | €156,132 | ▲ 54.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €21,928 | €91,366 | €146,132 | ▲ 59.9% |
| Amounts payable17/49 | €58,199 | €215,016 | €274,808 | ▲ 27.8% |
| Amounts payable after more than one year17 | - | €55,104 | €41,319 | ▼ 25.0% |
| Financial debts170/4 | - | €55,104 | €41,319 | ▼ 25.0% |
| Amounts payable within one year42/48 | €58,199 | €158,988 | €232,739 | ▲ 46.4% |
| Current portion of amounts payable after more than one year42 | - | €16,380 | €15,298 | ▼ 6.6% |
| Financial debts43 | - | €15,000 | €15,000 | = |
| Credit institutions430/8 | - | €15,000 | €15,000 | = |
| Trade debts44 | €24,318 | €91,337 | €166,324 | ▲ 82.1% |
| Suppliers440/4 | €24,318 | €91,337 | €166,324 | ▲ 82.1% |
| Taxes, remuneration and social security45 | €8,402 | €10,529 | €7,045 | ▼ 33.1% |
| Taxes450/3 | €7,102 | €8,229 | €4,445 | ▼ 46.0% |
| Remuneration and social security454/9 | €1,300 | €2,300 | €2,600 | ▲ 13.0% |
| Other amounts payable47/48 | €25,478 | €25,741 | €29,072 | ▲ 12.9% |
| Accrued charges and deferred income492/3 | - | €924 | €750 | ▼ 18.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,928 | €69,438 | €54,766 | ▼ 21.1% |
| + Depreciation and write-downs630 | €5,477 | €9,806 | €27,059 | ▲ 176% |
| Operating cash flow (approximation) | €27,405 | €79,244 | €81,824 | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | -€91,617 | -€3,652 | ▲ 96.0% |
| Change in cash | - | -€4,486 | €69,006 | ▲ 1,638% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €150,000Eq €156,132 ▲54%
3 profitable years in a row build equity to €156,132.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2023net €69,438 ▲217%
Operating result €90,883, net result €69,438, both a record.
31-03
Financial
Equity above €100,000Eq €101,366 ▲217%
2 profitable years in a row build equity to €101,366.
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Blégny · 1 establishment unit since 2022
Ground area
1,733 m²
Parcel 62074A0923/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LENNERTS CONSTRUCT
since 20222.330.021.261
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62074A0923/00H000 | Wallonia | 1,733 m² | - | - |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,579 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
Founded18-03-2022
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783553330
Registered
17-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.