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LEV CONSTRUCT

Active
Private limited companyfounded 20233 years activePrins Boudewijnlaan 76, 2610 Antwerpen, BelgiumKBO/BCE: BE 0798.860.920
Summary

The computed 12-month bankruptcy probability of LEV CONSTRUCT is 5.2% (elevated). The 2025 annual accounts show equity of €41,851 and a net result of €16,513. Equity is growing by ~54.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 9,039 sector peers (NACE 41, fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€92,160total assets 2025
Equity
€41,851
Profit
€16,513
Turnover not published (abridged schema)
Financial health
39 Weak Checked score 2025
Bankruptcy probability, 12 months
5.2%
Structure
Accounts 163 days early1 of 2 deeds read
Why 39- Founded in 2023- Sector Construction of residential and non-residential buildings (NACE 41)- Size: total assets €92,160- Liquidity: current ratio 1.54, cash €56, halvedShow the evidence

Checked score

Score 2025
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 58% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency 70-8
equity 45.4% of total assets
Liquidity 22-8
short-term debt 54.6% · cash 0.1%
Profitability 91-3
return on assets 17.9%
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,367 companies)
Last 24 months 11-2024: 4.5% 12-2024: 4.5%● unchanged vs 11-2024 01-2025: 4.4%▼ -0.1 percentage points vs 12-2024 02-2025: 4.5%▲ +0.1 percentage points vs 01-2025 03-2025: 4.6%▲ +0.1 percentage points vs 02-2025 04-2025: 4.7%▲ +0.1 percentage points vs 03-2025 05-2025: 4.8%▲ +0.1 percentage points vs 04-2025 06-2025: 4.8%● unchanged vs 05-2025 07-2025: 5.0%▲ +0.2 percentage points vs 06-2025 08-2025: 3.4%▼ -1.6 percentage points vs 07-2025 09-2025: 3.4%● unchanged vs 08-2025 10-2025: 3.4%● unchanged vs 09-2025 11-2025: 3.4%● unchanged vs 10-2025 12-2025: 3.4%● unchanged vs 11-2025 01-2026: 3.4%● unchanged vs 12-2025 02-2026: 3.3%▼ -0.1 percentage points vs 01-2026lowest value 03-2026: 5.2%▲ +1.9 percentage points vs 02-2026 04-2026: 5.2%● unchanged vs 03-2026 05-2026: 5.2%● unchanged vs 04-2026 06-2026: 5.2%● unchanged vs 05-2026highest value 07-2026: 5.2%● unchanged vs 06-2026highest value 08-2026: 5.2%● unchanged vs 07-2026highest value 09-2026: 5.2%● unchanged vs 08-2026highest value 10-2026: 5.2%● unchanged vs 09-2026highest value
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.54 against 2.13 in 2024; short-term debt: 54.6% and cash: 0.1% of total assets), but 54.6% of the assets are financed with debt.
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 53% on solvency, 18% on liquidity, 76% on profitability and 83% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
+raises risk○neutral
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Size: total assets €92,160
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.54, cash €56, halved
NBB · annual accounts
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 18-02-2026, 163 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
163 days early
2024
23 days early
2023
30 days late
← 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 52 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 July (3 of the last 3 filed years within 140 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Iryna Gnativ (director)Share transfer · Shareholding ·…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Highest result since 2023net €16,513 ▲51.7%

Financials · fiscal year 2025, micro schema

Equity
€41,851▲ 65.2%
2024 · €25,339
Total assets
€92,160▲ 92.7%
2024 · €47,825
Net result
€16,513▲ 51.7%
2024 · €10,887
Working capital
€27,385▲ 8.1%
2024 · €25,339
Trend over the years

2023 to 2025, 3 fiscal years

The operating result recovers in 2025; 2025 is 50% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€20,936 2025 Net result€16,513 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€16,943-€13,928▼ 17.8%€20,936▲ 50.3%
Net result€13,452within the sector's middle half-€10,887within the sector's middle half▼ 19.1%€16,513within the sector's middle half▲ 51.7%
Equity€14,452within the sector's middle half-€25,339within the sector's middle half▲ 75.3%€41,851within the sector's middle half▲ 65.2%
Total assets€42,707below the sector's middle half-€47,825below the sector's middle half▲ 12.0%€92,160within the sector's middle half▲ 92.7%
Debt€28,255-€22,487▼ 20.4%€50,309▲ 124%
Working capital€14,452within the sector's middle half-€25,339within the sector's middle half▲ 75.3%€27,385within the sector's middle half▲ 8.1%
Solvency33.8%within the sector's middle half-53.0%within the sector's middle half▲ 19.1pp45.4%within the sector's middle half▼ 7.6pp
Current ratio1.51within the sector's middle half-2.13within the sector's middle half▲ 0.621.54within the sector's middle half▼ 0.58
Return on assets (ROA)31.5%above the sector's middle half-22.8%above the sector's middle half▼ 8.7pp17.9%within the sector's middle half▼ 4.8pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,160
Fixed assets €14,466
Current assets €77,694
Equity and liabilities €92,160
Equity €41,851 ▲ 65.2%
Debt €50,309 ▲ 124%
Debt's share of the balance-sheet total rises from 47.0% to 54.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€27,345
Cash flow
€22,922
Quick ratio
1.14▼
2024 · 2.13
Debt to equity
1.20▲
2024 · 0.89
ROE
39.5%▼
2024 · 43.0%
Interest coverage
110.85
Debt ≤ 1 year
€50,309▲
2024 · €22,487
Income taxes
€4,190▲
2024 · €2,722
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% 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
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.2% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€47,825€92,160▲
Formation expenses20€0€0=
Fixed assets21/28-€14,466
Tangible fixed assets22/27-€14,466
Plant, machinery and equipment23-€927
Furniture and vehicles24-€13,539
Current assets29/58€47,825€77,694▲
Stocks and contracts in progress3-€20,425
Contracts in progress37-€20,425
Amounts receivable within one year40/41€46,698€57,213▲
Trade receivables40€31,375€45,732▲
Other amounts receivable41€15,323€11,481▼
Cash at bank and in hand54/58€1,127€56▼
Equity and liabilities
Total equity and liabilities10/49€47,825€92,160▲
Equity10/15€25,339€41,851▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€24,339€40,851▲
Amounts payable17/49€22,487€50,309▲
Amounts payable within one year42/48€22,487€50,309▲
Trade debts44€16,402€42,588▲
Suppliers440/4€16,402€42,588▲
Taxes, remuneration and social security45€6,085€7,721▲
Taxes450/3€6,085€7,721▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,409
Other operating charges640/8€1,481€2,771▲
Gross operating margin9900€15,408€30,115▲
Operating profit (loss)9901€13,928€20,936▲
Financial income75/76B€0€14▲
Recurring financial income75€0€14▲
Financial charges65/66B€319€247▼
Recurring financial charges65€319€247▼
Profit (loss) for the period before taxes9903€13,609€20,703▲
Income taxes67/77€2,722€4,190▲
Profit (loss) for the period9904€10,887€16,513▲
Profit (loss) for the period to be appropriated9905€10,887€16,513▲
Appropriation of the result
Profit (loss) to be appropriated9906€24,339€40,851▲
Profit (loss) brought forward from the previous period14P€13,452€24,339▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€553---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,204-€6,409-
Other operating charges640/8€546€1,481€2,771▲ 87.1%
Gross operating margin9900€19,245€15,408€30,115▲ 95.4%
Operating profit (loss)9901€16,943€13,928€20,936▲ 50.3%
Financial income75/76B-€0€14▲ 5,771%
Recurring financial income75-€0€14▲ 5,771%
Financial charges65/66B€128€319€247▼ 22.7%
Recurring financial charges65€128€319€247▼ 22.7%
Profit (loss) for the period before taxes9903€16,815€13,609€20,703▲ 52.1%
Income taxes67/77€3,363€2,722€4,190▲ 54.0%
Profit (loss) for the period9904€13,452€10,887€16,513▲ 51.7%
Profit (loss) for the period to be appropriated9905€13,452€10,887€16,513▲ 51.7%
Line202320242025Change
Assets
Total assets20/58€42,707€47,825€92,160▲ 92.7%
Formation expenses20€0€0€0-
Fixed assets21/28--€14,466-
Tangible fixed assets22/27--€14,466-
Plant, machinery and equipment23--€927-
Furniture and vehicles24--€13,539-
Current assets29/58€42,707€47,825€77,694▲ 62.5%
Stocks and contracts in progress3€15,785-€20,425-
Stocks30/36€15,785---
Contracts in progress37--€20,425-
Amounts receivable within one year40/41€26,711€46,698€57,213▲ 22.5%
Trade receivables40€22,481€31,375€45,732▲ 45.8%
Other amounts receivable41€4,231€15,323€11,481▼ 25.1%
Cash at bank and in hand54/58€210€1,127€56▼ 95.1%
Equity and liabilities
Total equity and liabilities10/49€42,707€47,825€92,160▲ 92.7%
Equity10/15€14,452€25,339€41,851▲ 65.2%
Contributions10/11€1,000€1,000€1,000=
Capital10€1,000---
Issued capital100€1,000---
Profit (loss) carried forward14€13,452€24,339€40,851▲ 67.8%
Amounts payable17/49€28,255€22,487€50,309▲ 124%
Amounts payable within one year42/48€28,255€22,487€50,309▲ 124%
Trade debts44€24,537€16,402€42,588▲ 160%
Suppliers440/4€24,537€16,402€42,588▲ 160%
Taxes, remuneration and social security45€3,363€6,085€7,721▲ 26.9%
Taxes450/3€3,363€6,085€7,721▲ 26.9%
Other amounts payable47/48€355---
Line202320242025Change
Profit (loss) for the period9904€13,452€10,887€16,513▲ 51.7%
+ Depreciation and write-downs630€1,204-€6,409-
Operating cash flow (approximation)€14,656€10,887€22,922▲ 111%
Change in cash-€917-€1,072▼ 217%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Directors

Directors
no sitting director read yet, last change in 2025
No directors read yet: 1 of 2 Gazette acts processed. See the function holders in the CBE →

Mandate history

1 person since 2025, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Iryna Gnativ
  • Director, until 31-12-2025
See the board, name and seat on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 23-07-2026 ↗
Share transfer act of 23-07-2026 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Group and network

Connections & network

No directors read yet: 1 of 2 Gazette acts processed.

History

LEV CONSTRUCT was incorporated on 27 February 2023 as a Private limited company.1 Total assets rose from €42,707 in 2023 to €92,160 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
State Gazette act Resignation: Iryna Gnativ (director)
Share transfer · Shareholding · Power of attorney6 facts ▸
  • General meeting, 31-12-2025
  • Director resignation, Iryna Gnativ (director)
  • Share transfer, Iryna Gnativ → Yuriy Dyakiv
  • Shareholding, 31-12-2025, 100
  • Shareholding, 31-12-2025, 0
  • Power of attorney, VYACHESLAV VAN LAER
18-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €16,513 ▲51.7%
Operating result €20,936, net result €16,513, both a record.
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €10,887 ▼19.1%
Net result drops to €10,887, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded27-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798860920
Also 9925:BE0798860920
Registered 26-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 7 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,135 m²
Building footprint
433 m²
Volume, LiDAR
7,281 m³
Parcel 11051B0366/00P003, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
LEV CONSTRUCT
Prins Boudewijnlaan 76, 2610 AntwerpenRepair and maintenance of fabricated metal products
since 2023unit no. 2.343.183.171
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11051B0366/00P003 Flanders 1,135 m² 1 · 433 m² 19.7 m · 6 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.