LGMC
ActiveSummary
The computed 12-month bankruptcy probability of LGMC is 2.7% (moderate). The 2025 annual accounts show equity of €174,070 and a net result of €109,734. Equity is growing by ~81.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 2097 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+36
Solvency60▲+11
Growth85=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.21 in 2024; short-term debt: 64.6% and cash: 5.8% of total assets), and 64.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.4%
Return on assets
22.3%
Age of the figures
9 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
71 d early
2024
44 d early
2023
on the day
2022
24 d late
2021
62 d early
2020
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 17 June (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€875,442▲ 11.1%
2023 · €788,297
EBIT margin
2.0%▼ 9.1pp
2023 · 11.1%
Net result
€109,734▲ 952%
2024 · €10,434
Working capital
€37,213▼ 26.7%
2024 · €50,746
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at 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 43, Specialised construction activities, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€375,696▲ 889%€700,418▲ 86.4%€788,297▲ 12.5%€875,442▲ 11.1%
Operating result€25,477▲ 101%€9,166▼ 64.0%€87,566▲ 855%€17,766▼ 79.7%€157,125▲ 784%
Net result€17,517within the sector's middle half▲ 96.4%€6,289within the sector's middle half▼ 64.1%€60,746within the sector's middle half▲ 866%€10,434within the sector's middle half▼ 82.8%€109,734within the sector's middle half▲ 952%
EBIT margin6.8%▼ 26.6pp1.3%▼ 5.5pp11.1%▲ 9.8pp2.0%▼ 9.1pp
Equity€23,737below the sector's middle half▲ 204%€19,244below the sector's middle half▼ 18.9%€78,390within the sector's middle half▲ 307%€78,390below the sector's middle half=€174,070within the sector's middle half▲ 122%
Total assets€164,709below the sector's middle half▲ 187%€228,288within the sector's middle half▲ 38.6%€235,274below the sector's middle half▲ 3.1%€332,277within the sector's middle half▲ 41.2%€492,064within the sector's middle half▲ 48.1%
Debt€140,973▲ 185%€209,044▲ 48.3%€156,883▼ 25.0%€253,887▲ 61.8%€317,994▲ 25.3%
Working capital-€3,997below the sector's middle half-€18,151below the sector's middle half▼ 354%€46,421within the sector's middle half€50,746within the sector's middle half▲ 9.3%€37,213within the sector's middle half▼ 26.7%
Solvency14.4%below the sector's middle half▲ 0.8pp8.4%below the sector's middle half▼ 6.0pp33.3%within the sector's middle half▲ 24.9pp23.6%within the sector's middle half▼ 9.7pp35.4%within the sector's middle half▲ 11.8pp
Current ratio0.95below the sector's middle half▼ 0.170.89below the sector's middle half▼ 0.061.36within the sector's middle half▲ 0.471.21within the sector's middle half▼ 0.151.12below the sector's middle half▼ 0.09
Return on assets (ROA)10.6%within the sector's middle half▼ 4.9pp2.8%within the sector's middle half▼ 7.9pp25.8%above the sector's middle half▲ 23.1pp3.1%within the sector's middle half▼ 22.7pp22.3%above the sector's middle half▲ 19.2pp
Staff (FTE)0.3below the sector's middle half3.2below the sector's middle half▲ 967%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 784% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492,064
Fixed assets
€136,856 ▲ 233%
Current assets
€355,208 ▲ 22.0%
Equity and liabilities €492,064
Equity
€174,070 ▲ 122%
Debt
€317,994 ▲ 25.3%
Debt's share of the balance-sheet total falls from 76.4% to 64.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180,664▲
2024 · €39,032
Cash flow
€133,273▲
2024 · €31,700
Quick ratio
1.09▼
2024 · 1.21
Debt to equity
1.83▼
2024 · 3.24
ROE
63.0%▲
2024 · 13.3%
Interest coverage
30.27▲
2024 · 10.79
Debt ≤ 1 year
€317,994▲
2024 · €240,477
Income taxes
€41,495▲
2024 · €3,766
Staff costs
€152,473▲
2024 · €2,642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
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: 2.7% 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 497,341 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% | 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 26,975 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €375,696 | €700,418 | €788,297 | €875,442 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €330,775 | €669,194 | €677,650 | €833,025 | - | - |
| Remuneration, social security and pensions62 | €3,848 | €1,265 | €416 | €2,642 | €152,473 | ▲ 5,672% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,365 | €19,820 | €21,215 | €21,266 | €23,539 | ▲ 10.7% |
| Other operating charges640/8 | €230 | €368 | €661 | €743 | €2,374 | ▲ 219% |
| Non-recurring operating charges66A | - | €604 | €789 | - | - | - |
| Gross operating margin9900 | €44,921 | €31,224 | €110,647 | €42,417 | €335,511 | ▲ 691% |
| Operating profit (loss)9901 | €25,477 | €9,166 | €87,566 | €17,766 | €157,125 | ▲ 784% |
| Financial income75/76B | €26 | €11 | €5 | €50 | €73 | ▲ 46.7% |
| Recurring financial income75 | €26 | €11 | €5 | €50 | €73 | ▲ 46.7% |
| Financial charges65/66B | €1,558 | €2,420 | €3,188 | €3,617 | €5,969 | ▲ 65.1% |
| Recurring financial charges65 | €1,558 | €2,420 | €3,188 | €3,617 | €5,969 | ▲ 65.1% |
| Profit (loss) for the period before taxes9903 | €23,945 | €6,758 | €84,384 | €14,199 | €151,229 | ▲ 965% |
| Income taxes67/77 | €6,429 | €469 | €23,637 | €3,766 | €41,495 | ▲ 1,002% |
| Profit (loss) for the period9904 | €17,517 | €6,289 | €60,746 | €10,434 | €109,734 | ▲ 952% |
| Profit (loss) for the period to be appropriated9905 | €17,517 | €6,289 | €60,746 | €10,434 | €109,734 | ▲ 952% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164,709 | €228,288 | €235,274 | €332,277 | €492,064 | ▲ 48.1% |
| Fixed assets21/28 | €80,831 | €81,667 | €60,874 | €41,054 | €136,856 | ▲ 233% |
| Intangible fixed assets21 | €42,822 | €32,822 | €22,822 | €12,822 | €19,204 | ▲ 49.8% |
| Tangible fixed assets22/27 | €34,709 | €45,545 | €34,752 | €23,486 | €112,907 | ▲ 381% |
| Plant, machinery and equipment23 | €5,853 | €6,459 | €5,808 | €3,894 | €100,063 | ▲ 2,470% |
| Furniture and vehicles24 | €28,855 | €39,086 | €28,945 | €19,592 | €12,844 | ▼ 34.4% |
| Financial fixed assets28 | €3,300 | €3,300 | €3,300 | €4,746 | €4,746 | = |
| Current assets29/58 | €83,878 | €146,621 | €174,399 | €291,223 | €355,208 | ▲ 22.0% |
| Stocks and contracts in progress3 | - | - | - | - | €8,610 | - |
| Stocks30/36 | - | - | - | - | €8,610 | - |
| Amounts receivable within one year40/41 | €80,247 | €100,248 | €155,745 | €267,583 | €304,354 | ▲ 13.7% |
| Trade receivables40 | €71,652 | €72,513 | €141,840 | €233,211 | €194,043 | ▼ 16.8% |
| Other amounts receivable41 | €8,595 | €27,735 | €13,905 | €34,372 | €110,311 | ▲ 221% |
| Cash at bank and in hand54/58 | - | €38,493 | €6,698 | €10,020 | €28,576 | ▲ 185% |
| Deferred charges and accrued income490/1 | €3,632 | €7,881 | €11,956 | €13,621 | €13,668 | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164,709 | €228,288 | €235,274 | €332,277 | €492,064 | ▲ 48.1% |
| Equity10/15 | €23,737 | €19,244 | €78,390 | €78,390 | €174,070 | ▲ 122% |
| Contributions10/11 | €500 | €500 | €500 | €500 | €500 | = |
| Reserves13 | €23,237 | €18,744 | €77,890 | €77,890 | €173,570 | ▲ 123% |
| Distributable reserves133 | €23,237 | €18,744 | €77,890 | €77,890 | €173,570 | ▲ 123% |
| Amounts payable17/49 | €140,973 | €209,044 | €156,883 | €253,887 | €317,994 | ▲ 25.3% |
| Amounts payable after more than one year17 | €53,097 | €44,272 | €28,905 | €13,410 | - | - |
| Financial debts170/4 | €53,097 | €44,272 | €28,905 | €13,410 | - | - |
| Amounts payable within one year42/48 | €87,875 | €164,772 | €127,979 | €240,477 | €317,994 | ▲ 32.2% |
| Current portion of amounts payable after more than one year42 | €15,864 | €15,242 | €15,368 | €15,495 | €48,410 | ▲ 212% |
| Financial debts43 | €603 | €40,000 | €34,000 | €70,894 | €63,000 | ▼ 11.1% |
| Credit institutions430/8 | €603 | €40,000 | €34,000 | €70,894 | €63,000 | ▼ 11.1% |
| Trade debts44 | €36,505 | €87,242 | €50,689 | €135,657 | €190,950 | ▲ 40.8% |
| Suppliers440/4 | €36,505 | €87,242 | €50,689 | €135,657 | €190,950 | ▲ 40.8% |
| Taxes, remuneration and social security45 | €8,353 | €8,888 | €25,425 | €7,997 | €11,993 | ▲ 50.0% |
| Taxes450/3 | €8,353 | €8,888 | €25,425 | €7,650 | €8,114 | ▲ 6.1% |
| Remuneration and social security454/9 | - | - | - | €347 | €3,879 | ▲ 1,019% |
| Other amounts payable47/48 | €26,550 | €13,400 | €2,497 | €10,434 | €3,642 | ▼ 65.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,517 | €6,289 | €60,746 | €10,434 | €109,734 | ▲ 952% |
| + Depreciation and write-downs630 | €15,365 | €19,820 | €21,215 | €21,266 | €23,539 | ▲ 10.7% |
| Operating cash flow (approximation) | €32,882 | €26,109 | €81,961 | €31,700 | €133,273 | ▲ 320% |
| Investment in fixed assets (approximation) | - | -€20,656 | -€422 | -€1,446 | -€119,341 | ▼ 8,155% |
| Change in cash | - | - | -€31,794 | €3,321 | €18,557 | ▲ 459% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2020net €109,734 ▲952%
Operating result €157,125, net result €109,734, both a record.
31-12
Financial
Equity above €150,000Eq €174,070 ▲122%
6 profitable years in a row build equity to €174,070.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €6,289 ▼64.1%
Net result drops to €6,289, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ham-sur-Heure-Nalinnes · 2 establishment units since 2020
Ground area
9,803 m²
Building footprint
672 m²
Volume, LiDAR
6,333 m³
2 parcels, Wallonia · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LGMC
since 20202.302.186.815
Rue Louis Bleriot 25-27, 6041 Charleroi
since 20262.384.305.431
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0291/00G000 | Wallonia | 8,532 m² | 1 · 544 m² | 13.6 m · 3 fl. |
| 56034B0286/00K000 | Wallonia | 1,271 m² | 1 · 128 m² | 7.4 m · 2 fl. |
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.
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Of 20,017 companies in this sector we hold annual accounts for 9,142. 7,539 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded17-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43211General electrical installation work
43230Insulation installation
43240Other construction installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746384910
Registered
14-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.