LG CONSTRUCTIONS
ActiveSummary
LG CONSTRUCTIONS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-22k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+57
Solvency0=
Growth22▼-12
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.24 in 2024; short-term debt: 162.5% and cash: 18.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-62.5%
Return on assets
7.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2198 sector peers (2025).
NBB · sector comparisonPosition among 2198 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 9 filingsDeviation from the deadline
2025
54 d late
2024
21 d early
2023
1 d early
2022
6 d late
2021
11 d early
2020
19 d late
2019
238 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€15k▼ 80.5%
2024 · €77k
2018: €71k
2019: €139k▲ +96.3% vs 2018
2020: €110k▼ -20.4% vs 2019
2021: €156k▲ +41.0% vs 2020
2022: €407k▲ +162% vs 2021highest in 8 years
2023: €49k▼ -88.0% vs 2022
2024: €77k▲ +57.5% vs 2023
2025: €15k▼ -80.5% vs 2024lowest in 8 years
2018 → 2025
EBIT margin
19.4%▲ 56.3pp
2024 · -36.9%
2018: 8.9%
2019: 2.0%▼ -77.8% vs 2018
2020: 4.5%▲ +126% vs 2019
2021: 4.5%▲ +0.4% vs 2020
2022: -3.4%▼ -175% vs 2021
2023: -20.5%▼ -508% vs 2022
2024: -36.9%▼ -79.9% vs 2023lowest in 8 years
2025: 19.4%▲ +152% vs 2024highest in 8 years
2018 → 2025
Net result
€3k
2024 · €-30k
2018: €6k
2019: €2k▼ -73.1% vs 2018
2020: €3k▲ +116% vs 2019
2021: €6k▲ +75.1% vs 2020highest in 8 years
2022: €-15k▼ -349% vs 2021
2023: €-11k▲ +24.8% vs 2022
2024: €-30k▼ -163% vs 2023lowest in 8 years
2025: €3k▲ +109% vs 2024
2018 → 2025
Working capital
€-38k▲ 6.6%
2024 · €-41k
2018: €15k
2019: €17k▲ +20.1% vs 2018
2020: €22k▲ +27.4% vs 2019
2021: €30k▲ +33.2% vs 2020highest in 8 years
2022: €12k▼ -60.2% vs 2021
2023: €1k▼ -87.8% vs 2022
2024: €-41k▼ -2916% vs 2023lowest in 8 years
2025: €-38k▲ +6.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€156k-€407k▲ 162%€49k▼ 88.0%€77k▲ 57.5%€15k▼ 80.5%
2021: €156k
2022: €407k▲ +162% vs 2021highest in 5 years
2023: €49k▼ -88.0% vs 2022
2024: €77k▲ +57.5% vs 2023
2025: €15k▼ -80.5% vs 2024lowest in 5 years
Equity€32k-€17k▼ 47.2%€6k▼ 67.3%€-24k€-22k▲ 11.0%
2021: €32khighest in 5 years
2022: €17k▼ -47.2% vs 2021
2023: €6k▼ -67.3% vs 2022
2024: €-24k▼ -542% vs 2023lowest in 5 years
2025: €-22k▲ +11.0% vs 2024
Operating result€7k-€-14k€-10k▲ 27.0%€-28k▼ 183%€3k
2021: €7khighest in 5 years
2022: €-14k▼ -298% vs 2021
2023: €-10k▲ +27.0% vs 2022
2024: €-28k▼ -183% vs 2023lowest in 5 years
2025: €3k▲ +110% vs 2024
Net result€6k-€-15k€-11k▲ 24.8%€-30k▼ 163%€3k
2021: €6khighest in 5 years
2022: €-15k▼ -349% vs 2021
2023: €-11k▲ +24.8% vs 2022
2024: €-30k▼ -163% vs 2023lowest in 5 years
2025: €3k▲ +109% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €28k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€15k =
Current assets
€19k ▲ 44.9%
Key figures and ratios
Solvency
-62.5%▲
2024 · -84.2%
Current ratio
0.33▲
2024 · 0.24
Quick ratio
0.31▲
2024 · 0.22
Debt to equity
-2.60▼
2024 · -2.19
ROA
7.7%▲
2024 · -103.2%
Debt
€57k▲
2024 · €53k
Debt ≤ 1 year
€57k▲
2024 · €53k
Staff costs
€6k▼
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€35k▲
Formation expenses20€955€955=
Fixed assets21/28€15k€15k=
Tangible fixed assets22/27€15k€15k=
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€15k€15k=
Other tangible fixed assets26€0€0=
Current assets29/58€13k€19k▲
Stocks and contracts in progress3€849€849=
Stocks30/36€849€849=
Amounts receivable within one year40/41€5k€10k▲
Trade receivables40€1k€6k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€29k€35k▲
Equity10/15€-24k€-22k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Profit (loss) carried forward14€-44k€-42k▲
Amounts payable17/49€53k€57k▲
Amounts payable within one year42/48€53k€57k▲
Current portion of amounts payable after more than one year42€0€0=
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€637€660▲
Taxes450/3€0-
Remuneration and social security454/9€637€660▲
Other amounts payable47/48€50k€50k=
Income statement
Code20242025
Turnover70€77k€15k▼
Goods, raw materials, services and sundry goods60/61€86k€7k▼
Remuneration, social security and pensions62€24k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€1k€528▼
Gross operating margin9900€-3k€9k▲
Operating profit (loss)9901€-28k€3k▲
Financial charges65/66B€1k€212▼
Recurring financial charges65€1k€212▼
Profit (loss) for the period before taxes9903€-30k€3k▲
Income taxes67/77€374-
Profit (loss) for the period9904€-30k€3k▲
Profit (loss) for the period to be appropriated9905€-30k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-42k▲
Profit (loss) brought forward from the previous period14P€-14k€-44k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €156k | €407k | €49k | €77k | €15k | ▼ 80.5% |
| Goods, raw materials, services and sundry goods60/61 | €142k | €190k | €42k | €86k | €7k | ▼ 92.1% |
| Remuneration, social security and pensions62 | €117k | €96k | €15k | €24k | €6k | ▼ 76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | - | - |
| Other operating charges640/8 | €3k | €574 | €730 | €1k | €528 | ▼ 60.5% |
| Gross operating margin9900 | €128k | €84k | €7k | €-3k | €9k | ▲ 457% |
| Operating profit (loss)9901 | €7k | €-14k | €-10k | €-28k | €3k | ▲ 110% |
| Financial charges65/66B | €513 | €1k | €977 | €1k | €212 | ▼ 80.9% |
| Recurring financial charges65 | €513 | €1k | €977 | €1k | €212 | ▼ 80.9% |
| Profit (loss) for the period before taxes9903 | €6k | €-15k | €-11k | €-30k | €3k | ▲ 109% |
| Income taxes67/77 | €372 | - | €361 | €374 | - | - |
| Profit (loss) for the period9904 | €6k | €-15k | €-11k | €-30k | €3k | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-15k | €-11k | €-30k | €3k | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €179k | €69k | €64k | €29k | €35k | ▲ 19.8% |
| Formation expenses20 | €955 | €955 | €955 | €955 | €955 | = |
| Fixed assets21/28 | €1k | €4k | €3k | €15k | €15k | = |
| Tangible fixed assets22/27 | €1k | €4k | €3k | €15k | €15k | = |
| Plant, machinery and equipment23 | €436 | €213 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €4k | €3k | €15k | €15k | = |
| Other tangible fixed assets26 | €1k | - | €0 | €0 | €0 | - |
| Current assets29/58 | €177k | €64k | €60k | €13k | €19k | ▲ 44.9% |
| Stocks and contracts in progress3 | €133k | €1k | €849 | €849 | €849 | = |
| Stocks30/36 | €133k | €1k | €849 | €849 | €849 | = |
| Amounts receivable within one year40/41 | €39k | €59k | €57k | €5k | €10k | ▲ 101% |
| Trade receivables40 | €39k | €58k | €54k | €1k | €6k | ▲ 396% |
| Other amounts receivable41 | €0 | €1k | €3k | €4k | €4k | ▲ 2.3% |
| Cash at bank and in hand54/58 | €5k | €3k | €1k | €6k | €7k | ▲ 11.2% |
| Deferred charges and accrued income490/1 | €0 | €400 | €1k | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €179k | €69k | €64k | €29k | €35k | ▲ 19.8% |
| Equity10/15 | €32k | €17k | €6k | €-24k | €-22k | ▲ 11.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Capital10 | €20k | €20k | €20k | €20k | €20k | = |
| Issued capital100 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €12k | €-3k | €-14k | €-44k | €-42k | ▲ 6.1% |
| Amounts payable17/49 | €147k | €52k | €59k | €53k | €57k | ▲ 5.7% |
| Amounts payable within one year42/48 | €147k | €52k | €59k | €53k | €57k | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | €0 | €0 | - |
| Financial debts43 | €10k | - | €7k | - | - | - |
| Credit institutions430/8 | €10k | - | €7k | - | - | - |
| Trade debts44 | €82k | €310 | €2k | €3k | €6k | ▲ 119% |
| Suppliers440/4 | €82k | €310 | €2k | €3k | €6k | ▲ 119% |
| Taxes, remuneration and social security45 | €15k | - | €0 | €637 | €660 | ▲ 3.7% |
| Taxes450/3 | €2k | - | €0 | €0 | - | - |
| Remuneration and social security454/9 | €12k | - | €0 | €637 | €660 | ▲ 3.7% |
| Other amounts payable47/48 | €41k | €52k | €50k | €50k | €50k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-15k | €-11k | €-30k | €3k | ▲ 109% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | - | - |
| Operating cash flow (approximation) | €7k | €-14k | €-10k | €-29k | €3k | ▲ 109% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-13k | €0 | ▲ 100% |
| Change in cash | - | €-2k | €-2k | €5k | €661 | ▼ 85.8% |
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
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 54 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €6k ▲75.1%
Operating result €7k, net result €6k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 238 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Liège · 1 establishment unit since 2017
Ground area
450 m²
Building footprint
88 m²
Volume, LiDAR
849 m³
Parcel 62818E0530/00G000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LG CONSTRUCTIONS
since 20172.262.813.030
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62818E0530/00G000 | Wallonia | 450 m² | 1 · 88 m² | 11.7 m · 3 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 6,859 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
Founded21-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
43421Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.