LES CONSTRUCTIONS SUAREZ
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 3 filings
Turnover
€187,776
EBIT margin
-0.3%
Net result
€10,534▼ 31.0%
2024 · €15,267
Working capital
-€57,704▲ 35.0%
2024 · -€88,739
Multi-year overview
2023 to 2025, 3 financial yearsTurnover
no figure
2025
20232025
Operating result
€15,131
▲ 35.8%
2025
20232025
Net result
€10,534
▼ 31.0%
2025
middle half of the sector
20232025
EBIT margin
no figure
2025
20232025
Equity
€48,207
▲ 28.0%
2025
middle half of the sector
20232025
Total assets
€200,907
▲ 5.5%
2025
middle half of the sector
20232025
Debt
€152,700
▼ 0.1%
2025
20232025
Working capital
-€57,704
▲ 35.0%
2025
lowest quarter of the sector
20232025
Solvency
24.0%
▲ 4.2pp
2025
middle half of the sector
20232025
Current ratio
0.36
=
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
5.2%
▼ 2.8pp
2025
middle half of the sector
20232025
Staff (FTE)
1.1
▼ 15.4%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Turnover€187,776-
Operating result-€538-€11,145€15,131▲ 35.8%
Net result-€2,724below the sector's middle half-€15,267within the sector's middle half€10,534within the sector's middle half▼ 31.0%
EBIT margin-0.3%-
Equity€17,276below the sector's middle half-€37,673within the sector's middle half▲ 118%€48,207within the sector's middle half▲ 28.0%
Total assets€211,515within the sector's middle half-€190,490within the sector's middle half▼ 9.9%€200,907within the sector's middle half▲ 5.5%
Debt€194,239-€152,817▼ 21.3%€152,700▼ 0.1%
Working capital-€132,055below the sector's middle half--€88,739below the sector's middle half▲ 32.8%-€57,704below the sector's middle half▲ 35.0%
Solvency8.2%below the sector's middle half-19.8%below the sector's middle half▲ 11.6pp24.0%within the sector's middle half▲ 4.2pp
Current ratio0.22below the sector's middle half-0.36below the sector's middle half▲ 0.140.36below the sector's middle half=
Return on assets (ROA)-1.3%below the sector's middle half-8.0%within the sector's middle half▲ 9.3pp5.2%within the sector's middle half▼ 2.8pp
Staff (FTE)1.3-1.3=1.1▼ 15.4%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 36% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,907
Fixed assets
€167,904 ▲ 20.0%
Current assets
€33,003 ▼ 34.7%
Equity and liabilities €200,907
Equity
€48,207 ▲ 28.0%
Debt
€152,700 ▼ 0.1%
Debt's share of the balance-sheet total falls from 80.2% to 76.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,841▲
2024 · €33,595
Cash flow
€36,244▼
2024 · €37,717
Debt to equity
3.17▼
2024 · 4.06
ROE
21.9%▼
2024 · 40.5%
Interest coverage
7.35▼
2024 · 12.75
Debt ≤ 1 year
€90,707▼
2024 · €139,268
Debt > 1 year
€60,312▲
2024 · €12,647
Income taxes
€2,123▲
2024 · €128
Staff costs
€51,021▼
2024 · €52,911
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 |
| full-time | 2 | 1 | 1 |
| in full-time equivalents | 2 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.3 | 1.3 | 1.1 |
| On a permanent contract | 2 | 1 | 1 |
| Joined | 2 | 1 | 1 |
| Left | 2 | 2 | 1 |
| Training hours | - | 144 | 328 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €61,817 | €5,683 | €58,930 |
| Intangible fixed assets | €138,000 | - | - |
| Depreciation and write-downs of the year | €26,006 | €22,450 | €25,710 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €187,776 | - | - | - |
| Non-recurring operating income76A | €10,456 | €9,894 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €113,953 | - | - | - |
| Remuneration, social security and pensions62 | €67,260 | €52,911 | €51,021 | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,006 | €22,450 | €25,710 | ▲ 14.5% |
| Other operating charges640/8 | €1,103 | €1,375 | €1,837 | ▲ 33.6% |
| Gross operating margin9900 | €93,830 | €87,881 | €93,699 | ▲ 6.6% |
| Operating profit (loss)9901 | -€538 | €11,145 | €15,131 | ▲ 35.8% |
| Financial income75/76B | €12 | €6,884 | €3,078 | ▼ 55.3% |
| Recurring financial income75 | €12 | €9 | €772 | ▲ 81× |
| Non-recurring financial income76B | - | €6,875 | €2,306 | ▼ 66.5% |
| Financial charges65/66B | €2,106 | €2,634 | €5,553 | ▲ 111% |
| Recurring financial charges65 | €2,106 | €2,634 | €5,553 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | -€2,632 | €15,395 | €12,657 | ▼ 17.8% |
| Income taxes67/77 | €92 | €128 | €2,123 | ▲ 17× |
| Profit (loss) for the period9904 | -€2,724 | €15,267 | €10,534 | ▼ 31.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,724 | €15,267 | €10,534 | ▼ 31.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €211,515 | €190,490 | €200,907 | ▲ 5.5% |
| Fixed assets21/28 | €173,811 | €139,960 | €167,904 | ▲ 20.0% |
| Intangible fixed assets21 | €124,200 | €110,400 | €96,600 | ▼ 12.5% |
| Tangible fixed assets22/27 | €49,611 | €29,560 | €71,304 | ▲ 141% |
| Plant, machinery and equipment23 | €14,591 | €5,717 | €4,433 | ▼ 22.5% |
| Furniture and vehicles24 | €35,020 | €23,842 | €25,345 | ▲ 6.3% |
| Leasing and similar rights25 | - | - | €41,526 | - |
| Current assets29/58 | €37,704 | €50,530 | €33,003 | ▼ 34.7% |
| Amounts receivable within one year40/41 | €27,600 | €26,572 | €4,228 | ▼ 84.1% |
| Trade receivables40 | €17,610 | €23,692 | €0 | ▼ 100% |
| Other amounts receivable41 | €9,990 | €2,880 | €4,228 | ▲ 46.8% |
| Cash at bank and in hand54/58 | €276 | €15,878 | €20,855 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | €9,828 | €8,080 | €7,920 | ▼ 2.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €211,515 | €190,490 | €200,907 | ▲ 5.5% |
| Equity10/15 | €17,276 | €37,673 | €48,207 | ▲ 28.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€2,724 | €17,673 | €28,207 | ▲ 59.6% |
| Amounts payable17/49 | €194,239 | €152,817 | €152,700 | ▼ 0.1% |
| Amounts payable after more than one year17 | €21,769 | €12,647 | €60,312 | ▲ 377% |
| Financial debts170/4 | €21,769 | €12,647 | €60,312 | ▲ 377% |
| Amounts payable within one year42/48 | €169,759 | €139,268 | €90,707 | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | €12,169 | €5,627 | €19,038 | ▲ 238% |
| Trade debts44 | €5,847 | €304 | €1,831 | ▲ 501% |
| Suppliers440/4 | €5,847 | €304 | €1,831 | ▲ 501% |
| Taxes, remuneration and social security45 | €12,354 | €6,078 | €8,347 | ▲ 37.3% |
| Taxes450/3 | €434 | €667 | €2,833 | ▲ 325% |
| Remuneration and social security454/9 | €11,920 | €5,411 | €5,514 | ▲ 1.9% |
| Other amounts payable47/48 | €139,389 | €127,259 | €61,491 | ▼ 51.7% |
| Accrued charges and deferred income492/3 | €2,711 | €902 | €1,681 | ▲ 86.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,724 | €15,267 | €10,534 | ▼ 31.0% |
| + Depreciation and write-downs630 | €26,006 | €22,450 | €25,710 | ▲ 14.5% |
| Operating cash flow (approximation) | €23,282 | €37,717 | €36,244 | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | €11,401 | -€53,654 | - |
| Change in cash | - | €15,602 | €4,977 | ▼ 68.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as LES CONSTRUCTIONS SUAREZ has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
94.4%
was still going
1.8%
stopped otherwise
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LES CONSTRUCTIONS SUAREZ itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,976 companies, not a prediction for LES CONSTRUCTIONS SUAREZ. 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.