LENO CONSTRUCT
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
LENO CONSTRUCT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,361 and a net result of -€7,188. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 39% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Official details
KBO- Status
- Active since 23-06-2005 Normal situation
- Legal form
- Private limited company
- Registered office
- Bosniëstraat 87, 1060 Sint-Gillis (bij-Brussel)
- Activity
- Other specialised construction activities NACE 43990and 6 others
- Establishment unit
- 2.147.703.922 1060 Sint-Gillis (bij-Brussel), since 08-06-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €56,551
- ▼ 37.8%
- Turnover
- ≈ €280,000
- estimated
- Loss
- €7,188
- ▼ 12.0%
- Equity
- €43,361
- ▼ 14.2%
- Total assets
- €118,415
- ▲ 11.2%
- Staff
- ≈ 1.1 FTE
- estimated
Why 62raises riskLast filed accounts filed 60 days late; 1 of the last 3 lateSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.51, cash €940, halvedlowers riskFounded in 2005Show the evidence
Checked score
About 1 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 43, micro): better than 39% on solvency, 10% on liquidity, 12% on profitability and 21% on growth.
The bankruptcy probability was computed on 31-10-2026 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 7 accounts on average 6 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00544804.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-09-2026
- Format
- micro format
- Reference
- 2026-00544804
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €5,238 in 2025 against €7,255 in 2024; the loss shrinks.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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), Staff (FTE).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,445 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% | 0.9% |
| 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 12,322 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €3,306 | - |
| Remuneration, social security and pensions62 | - | - | - | €97,643 | €99,186 | €116,208 | €96,155 | €60,614 | ▼ 37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,855 | €7,855 | €7,909 | €8,009 | €6,162 | €1,388 | €1,553 | €775 | ▼ 50.1% |
| Other operating charges640/8 | - | - | - | €348 | €5,026 | €384 | €480 | €400 | ▼ 16.8% |
| Gross operating margin9900 | €127,212 | €130,640 | €38,526 | €131,471 | €152,874 | €156,582 | €90,933 | €56,551 | ▼ 37.8% |
| Operating profit (loss)9901 | €48,266 | €34,652 | -€65,063 | €25,472 | €42,500 | €38,601 | -€7,255 | -€5,238 | ▲ 27.8% |
| Financial income75/76B | - | - | - | €1,780 | €2,545 | €1,657 | €1,842 | €1,762 | ▼ 4.3% |
| Recurring financial income75 | €4,189 | €2,123 | €2,837 | €1,780 | €2,130 | €1,657 | €1,842 | €1,762 | ▼ 4.3% |
| Non-recurring financial income76B | - | - | - | - | €415 | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,406 | €3,199 | €2,697 | €2,755 | €3,712 | ▲ 34.7% |
| Recurring financial charges65 | €5,053 | €5,015 | €5,958 | €6,406 | €3,199 | €2,697 | €2,755 | €3,712 | ▲ 34.7% |
| Profit (loss) for the period before taxes9903 | €47,401 | €31,760 | -€68,184 | €20,845 | €41,846 | €37,561 | -€8,169 | -€7,188 | ▲ 12.0% |
| Income taxes67/77 | €3,038 | €8,943 | €82 | - | - | €9,771 | €0 | - | - |
| Profit (loss) for the period9904 | €44,364 | €22,817 | -€68,266 | €20,845 | €41,846 | €27,790 | -€8,169 | -€7,188 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €44,364 | €22,817 | -€68,266 | €20,845 | €41,846 | €27,790 | -€8,169 | -€7,188 | ▲ 12.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,682 | €150,324 | €73,276 | €64,975 | €93,385 | €142,771 | €106,520 | €118,415 | ▲ 11.2% |
| Fixed assets21/28 | €30,455 | €22,601 | €15,167 | €7,499 | €4,151 | €4,360 | €5,507 | €4,733 | ▼ 14.1% |
| Tangible fixed assets22/27 | €28,839 | €20,984 | €13,550 | €5,883 | €2,534 | €2,743 | €1,191 | €416 | ▼ 65.1% |
| Plant, machinery and equipment23 | - | - | - | €608 | €444 | €767 | €483 | €253 | ▼ 47.7% |
| Furniture and vehicles24 | - | - | - | €5,275 | €2,090 | €1,977 | €708 | €163 | ▼ 77.0% |
| Financial fixed assets28 | €1,617 | €1,617 | €1,617 | €1,617 | €1,617 | €1,617 | €4,317 | €4,317 | = |
| Current assets29/58 | €47,227 | €127,723 | €58,109 | €57,476 | €89,234 | €138,411 | €101,013 | €113,682 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €34,774 | €125,621 | €56,992 | €48,445 | €47,247 | €105,688 | €56,586 | €111,051 | ▲ 96.3% |
| Trade receivables40 | - | - | - | €16,373 | €4,553 | €82,723 | €17,662 | €61,696 | ▲ 249% |
| Other amounts receivable41 | - | - | - | €32,072 | €42,694 | €22,966 | €38,924 | €49,355 | ▲ 26.8% |
| Cash at bank and in hand54/58 | €9,909 | €940 | €940 | €8,792 | €41,628 | €31,158 | €38,553 | €940 | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | - | - | €239 | €359 | €1,564 | €5,873 | €1,691 | ▼ 71.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,682 | €150,324 | €73,276 | €64,975 | €93,385 | €142,771 | €106,520 | €118,415 | ▲ 11.2% |
| Equity10/15 | €27,928 | €50,745 | -€17,521 | €3,324 | €30,927 | €58,717 | €50,549 | €43,361 | ▼ 14.2% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €1,860 | €24,677 | €24,677 | €24,677 | €24,677 | €52,467 | €52,467 | €52,467 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €22,817 | €22,817 | €50,607 | €50,607 | €50,607 | = |
| Profit (loss) carried forward14 | €19,818 | €19,818 | -€48,448 | -€27,602 | - | - | -€8,169 | -€15,356 | ▼ 88.0% |
| Amounts payable17/49 | €49,754 | €99,579 | €90,797 | €61,651 | €62,458 | €84,054 | €55,972 | €75,054 | ▲ 34.1% |
| Amounts payable after more than one year17 | €23,914 | €16,145 | €7,758 | €19,186 | €12,253 | €7,090 | €2,241 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €19,186 | €12,253 | €7,090 | €2,241 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €18,159 | €83,036 | €82,015 | €41,938 | €50,097 | €76,856 | €53,658 | €75,054 | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,766 | €6,933 | €5,163 | €4,849 | €1,795 | ▼ 63.0% |
| Financial debts43 | - | - | - | €10,993 | €7,349 | €7,375 | €7,375 | €34,488 | ▲ 368% |
| Credit institutions430/8 | - | - | - | €10,993 | €7,349 | €7,375 | €7,375 | €34,488 | ▲ 368% |
| Trade debts44 | €3,590 | €44,863 | €17,222 | €16,991 | €18,656 | €58,354 | €39,375 | €30,069 | ▼ 23.6% |
| Suppliers440/4 | - | - | - | €16,991 | €18,656 | €58,354 | €39,375 | €30,069 | ▼ 23.6% |
| Advances received on contracts in progress46 | - | - | - | €3,188 | €2,848 | €2,848 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €68 | €3,117 | €2,059 | €8,702 | ▲ 323% |
| Taxes450/3 | - | - | - | - | €68 | €2,417 | €0 | €1,671 | - |
| Remuneration and social security454/9 | - | - | - | - | - | €700 | €2,059 | €7,031 | ▲ 241% |
| Other amounts payable47/48 | - | - | - | - | €14,243 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €527 | €108 | €108 | €72 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,364 | €22,817 | -€68,266 | €20,845 | €41,846 | €27,790 | -€8,169 | -€7,188 | ▲ 12.0% |
| + Depreciation and write-downs630 | €7,855 | €7,855 | €7,909 | €8,009 | €6,162 | €1,388 | €1,553 | €775 | ▼ 50.1% |
| Operating cash flow (approximation) | €52,218 | €30,671 | -€60,357 | €28,854 | €48,008 | €29,179 | -€6,616 | -€6,413 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | -€475 | -€341 | -€2,813 | -€1,598 | -€2,700 | €0 | - |
| Change in cash | - | -€8,968 | €0 | €7,851 | €32,837 | -€10,470 | €7,395 | -€37,613 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00544804 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00478736 | |
| 31-12-2023 | micro format | 05-08-2024 | 2024-00327289 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00352375 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20117888 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21900219 | |
| 31-12-2019 | micro format | 22-07-2020 | 2020-32900214 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56800400 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33000204 | |
| 31-12-2016 | micro format | 17-07-2017 | 2017-31900068 |
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
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TRANCOSO LEXADO Vitor |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, assemblée qui nomme fixe nombre,durée et,en cas de pluralité,pouvoirs”
Articles of association, deed of 23-11-2023 (in French)
Owners and capital
Capital and shareholders
- 23-11-2023 Converted to unavailable equity
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Rémunération des administrateurs, fixe ou proportionnelle”Other provision: “Organe détermine s’ils agissent seul ou conjointement, gestion journalière”Other provision: “Contrôle de la société, un ou plusieurs commissaires,nommés pour trois ans et rééligibles”Liquidation distribution: “Actif net réparti entre tous actionnaires en proportion de leurs actions et biens conservés remis pour partage dans même proportion, après…”2 more provisions in the deed, see the deed of 23-11-2023
Articles of association, deed of 23-11-2023 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-11
Gazette deed
Resignation: TRANCOSO LEXADO Vitor (manager)Appointment: TRANCOSO LEXADO Vitor (director) · Legal-form conversion · Director discharge9 facts ▸
- General meeting, 08-11-2023
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Director resignation, TRANCOSO LEXADO Vitor (manager)
- Director discharge, TRANCOSO LEXADO Vitor (manager)
- Director appointment, TRANCOSO LEXADO Vitor (director (not named in the articles))
- Other provision, “suppression du compte de capitaux propres statutairement indisponible, formes et majorités de la modification des statuts” (deed in French)
- Amendment of the articles (2 times)
- Capital
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing 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, with enterprise number 0874.655.334
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale,la maçonnerie,la ferronnerie de bâtiments,la construction métallique,la menuiserie générale,métallique et plastique,le…”
5 activities
- L’entreprise générale,la maçonnerie,la ferronnerie de bâtiments,la construction métallique,la menuiserie générale,métallique et plastique,le gros œuvre,les travaux de démolition,de peinture,la construction,la réparation,la transformation,le parachèvement et l’entretien de tous biens immobiliers et mobiliers.
- L’achat et la vente,l’importation et l’exportation et le commerce en général de tous matériaux ou de matières de construction.
- Pour son compte propre exclusivement l’achat,la vente,la location et la gestion de tous biens immeubles.
- La société peut s'intéresser par toutes voies,dans toutes affaires,entreprises ou sociétés ayant un objet identique,analogue ou connexe,ou qui sont de nature à favoriser le développement de son entreprise,à lui procu-rer des matières premières ou à faciliter l'écoulement de ses produits.
- Elle peut tant en Belgique qu’à l’étranger faire toutes opérations commerciales,industrielles,immobilières,mobilières ou financières se rattachant directement ou indirectement à son objet social.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LENO CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of June at 18:00
Articles of association, deed of 23-11-2023 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21562A0233/00C005 | Brussels | 112 m² | 1 · 149 m² | 19.7 m · 6 |