LG Construction
Open bankruptcySummary
A bankruptcy procedure is open for LG Construction according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €160,960 and a net result of €23,199.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 23 April 2026
- Supervising judge
- Beatrice Goffin
- Official Gazette
- 04-05-2026 (pdf) ↗search the document for 2026/119211
Deadlines
- Appeal or third-party opposition until
- passed on 19 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 23 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 4 June 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 23 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Frederic KerstenneBd D’Avroy 7C, 4000 Liege 1kerstenne@skynet.be
- Laurent DelwaideRue Des Augustins 16, 4000 Liege 1l.delwaide@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
28 d early
2022
34 d early
2021
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 15 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23,199▼ 5.7%
2023 · €24,598
Working capital
€87,975▲ 27.0%
2023 · €69,296
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€38,252-€92,548▲ 142%€46,512▼ 49.7%€63,417▲ 36.3%
Net result€32,318above the sector's middle half-€65,845within the sector's middle half▲ 104%€24,598within the sector's middle half▼ 62.6%€23,199within the sector's middle half▼ 5.7%
Equity€47,318within the sector's middle half-€113,164within the sector's middle half▲ 139%€137,761within the sector's middle half▲ 21.7%€160,960within the sector's middle half▲ 16.8%
Total assets€406,204above the sector's middle half-€528,204within the sector's middle half▲ 30.0%€587,985within the sector's middle half▲ 11.3%€608,915within the sector's middle half▲ 3.6%
Debt€358,886-€415,040▲ 15.6%€450,224▲ 8.5%€447,955▼ 0.5%
Working capital€3,444within the sector's middle half-€69,515within the sector's middle half▲ 1,919%€69,296within the sector's middle half▼ 0.3%€87,975within the sector's middle half▲ 27.0%
Solvency11.6%below the sector's middle half-21.4%within the sector's middle half▲ 9.8pp23.4%within the sector's middle half▲ 2.0pp26.4%within the sector's middle half▲ 3.0pp
Current ratio1.02below the sector's middle half-1.30within the sector's middle half▲ 0.281.21within the sector's middle half▼ 0.101.21within the sector's middle half=
Return on assets (ROA)8.0%within the sector's middle half-12.5%above the sector's middle half▲ 4.5pp4.2%within the sector's middle half▼ 8.3pp3.8%within the sector's middle half▼ 0.4pp
Staff (FTE)1.2-2.9below the sector's middle half▲ 142%3.5below the sector's middle half▲ 20.7%1.8below the sector's middle half▼ 48.6%
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 36% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €608,915
Fixed assets
€102,026 ▼ 44.2%
Current assets
€506,889 ▲ 25.1%
Equity and liabilities €608,915
Equity
€160,960 ▲ 16.8%
Debt
€447,955 ▼ 0.5%
Debt's share of the balance-sheet total falls from 76.6% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128,212▲
2023 · €120,631
Cash flow
€87,993▼
2023 · €98,718
Quick ratio
1.13▼
2023 · 1.15
Debt to equity
2.78▼
2023 · 3.27
ROE
14.4%▼
2023 · 17.9%
Interest coverage
6.74▼
2023 · 12.55
Debt ≤ 1 year
€418,915▲
2023 · €335,853
Debt > 1 year
€29,040▼
2023 · €114,370
Income taxes
€22,449▲
2023 · €12,370
Staff costs
€80,418▼
2023 · €184,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €307 | - | €1,904 | - |
| Remuneration, social security and pensions62 | €29,147 | €120,280 | €184,408 | €80,418 | ▼ 56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,215 | €65,558 | €74,120 | €64,794 | ▼ 12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,854 | €5,091 | ▼ 48.3% |
| Other operating charges640/8 | €8,382 | €6,555 | €4,858 | €16,757 | ▲ 245% |
| Non-recurring operating charges66A | - | €702 | - | - | - |
| Gross operating margin9900 | €124,995 | €285,644 | €319,751 | €230,478 | ▼ 27.9% |
| Operating profit (loss)9901 | €38,252 | €92,548 | €46,512 | €63,417 | ▲ 36.3% |
| Financial income75/76B | €424 | €661 | €70 | €1,250 | ▲ 1,691% |
| Recurring financial income75 | €424 | €661 | €70 | €1,250 | ▲ 1,691% |
| Financial charges65/66B | €5,132 | €9,438 | €9,613 | €19,020 | ▲ 97.9% |
| Recurring financial charges65 | €5,132 | €9,438 | €9,613 | €19,020 | ▲ 97.9% |
| Profit (loss) for the period before taxes9903 | €33,543 | €83,772 | €36,968 | €45,647 | ▲ 23.5% |
| Income taxes67/77 | €1,225 | €17,927 | €12,370 | €22,449 | ▲ 81.5% |
| Profit (loss) for the period9904 | €32,318 | €65,845 | €24,598 | €23,199 | ▼ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €32,318 | €65,845 | €24,598 | €23,199 | ▼ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €406,204 | €528,204 | €587,985 | €608,915 | ▲ 3.6% |
| Fixed assets21/28 | €256,187 | €228,668 | €182,836 | €102,026 | ▼ 44.2% |
| Intangible fixed assets21 | €37,860 | €33,590 | €31,628 | €26,781 | ▼ 15.3% |
| Tangible fixed assets22/27 | €216,377 | €193,128 | €149,258 | €73,295 | ▼ 50.9% |
| Plant, machinery and equipment23 | €114,019 | €100,665 | €67,956 | €40,816 | ▼ 39.9% |
| Furniture and vehicles24 | €102,358 | €92,462 | €81,303 | €32,479 | ▼ 60.1% |
| Financial fixed assets28 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Current assets29/58 | €150,017 | €299,536 | €405,149 | €506,889 | ▲ 25.1% |
| Stocks and contracts in progress3 | €16,126 | €20,000 | €20,000 | €33,000 | ▲ 65.0% |
| Stocks30/36 | €16,126 | €20,000 | €20,000 | €33,000 | ▲ 65.0% |
| Amounts receivable within one year40/41 | €106,252 | €232,110 | €382,720 | €471,460 | ▲ 23.2% |
| Trade receivables40 | €20,673 | €66,882 | €160,902 | €170,731 | ▲ 6.1% |
| Other amounts receivable41 | €85,579 | €165,228 | €221,818 | €300,729 | ▲ 35.6% |
| Cash at bank and in hand54/58 | €27,077 | €47,426 | - | - | - |
| Deferred charges and accrued income490/1 | €561 | - | €2,429 | €2,429 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €406,204 | €528,204 | €587,985 | €608,915 | ▲ 3.6% |
| Equity10/15 | €47,318 | €113,164 | €137,761 | €160,960 | ▲ 16.8% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €32,318 | €98,164 | €122,761 | €145,960 | ▲ 18.9% |
| Amounts payable17/49 | €358,886 | €415,040 | €450,224 | €447,955 | ▼ 0.5% |
| Amounts payable after more than one year17 | €212,312 | €185,020 | €114,370 | €29,040 | ▼ 74.6% |
| Financial debts170/4 | €212,312 | €185,020 | €114,370 | €29,040 | ▼ 74.6% |
| Amounts payable within one year42/48 | €146,573 | €230,020 | €335,853 | €418,915 | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | €69,218 | €89,985 | €96,863 | €85,330 | ▼ 11.9% |
| Financial debts43 | - | - | €28,009 | €49,267 | ▲ 75.9% |
| Credit institutions430/8 | - | - | €28,009 | €49,267 | ▲ 75.9% |
| Trade debts44 | €70,370 | €123,546 | €197,955 | €165,350 | ▼ 16.5% |
| Suppliers440/4 | €70,370 | €123,546 | €197,955 | €165,350 | ▼ 16.5% |
| Taxes, remuneration and social security45 | €6,986 | €16,490 | €13,026 | €27,990 | ▲ 115% |
| Taxes450/3 | €1,317 | €4,152 | €2,862 | €14,585 | ▲ 410% |
| Remuneration and social security454/9 | €5,669 | €12,339 | €10,164 | €13,404 | ▲ 31.9% |
| Other amounts payable47/48 | - | - | - | €90,977 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,318 | €65,845 | €24,598 | €23,199 | ▼ 5.7% |
| + Depreciation and write-downs630 | €49,215 | €65,558 | €74,120 | €64,794 | ▼ 12.6% |
| Operating cash flow (approximation) | €81,534 | €131,403 | €98,718 | €87,993 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | -€38,039 | -€28,288 | €16,016 | ▲ 157% |
| Change in cash | - | €20,348 | - | - | - |
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
2026
04-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 23-04-2026
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €23,199 ▼5.7%
Net result drops to €23,199, the lowest in the series.
31-12
Financial
Equity above €150,000Eq €160,960 ▲16.8%
4 profitable years in a row build equity to €160,960.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2021net €65,845 ▲104%
Operating result €92,548, net result €65,845, both a record.
31-12
Financial
Equity above €100,000Eq €113,164 ▲139%
2 profitable years in a row build equity to €113,164.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Seraing · 1 establishment unit since 2020
Ground area
1,030 m²
Building footprint
179 m²
Volume, LiDAR
1,024 m³
2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SABANI CONSTRUCTIONS
since 20202.306.638.620
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62056A0122/00W006 | Wallonia | 827 m² | 1 · 121 m² | 9.7 m · 3 fl. |
| 62352E0107/00M002 | Wallonia | 203 m² | 1 · 58 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIC KERSTENNE BD D’AVROY 7C,
4000 LIEGE 1 |
23-04-2026 → present |
| Curator | LAURENT DELWAIDE RUE DES
AUGUSTINS 16, 4000 LIEGE 1 |
23-04-2026 → present |
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,540 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
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753739191
Also
9925:BE0753739191
Registered
04-05-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.