LGS Construct
ActiveSummary
LGS Construct has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,281) and a net result of €11,375. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-02-2017 Normal situation
- Activity
- Bricklaying and masonry work NACE 43910and 3 others
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2021
- Establishment unit
- 2.261.386.734 1370 Jodoigne, since 08-02-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- €32,303
- ▼ 9.2%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €11,375
- ▼ 41.0%
- Equity
- -€23,281
- ▲ 32.8%
- Total assets
- €17,816
- ▼ 61.8%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€23,2811 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €17,816Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 3% of them on solvency, 13% on liquidity, 92% on profitability and 76% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is 34% lower than in 2024.
Staff
| Item | 31-12-2021 |
|---|---|
| Average over the year, in full-time equivalents | 0.9 |
| Joined | 0 |
| Left | 2 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €11,926 | €3,435 | €1,647 | €2,487 | - |
| Depreciation and write-downs of the year | €14,070 | €12,958 | €13,029 | €12,949 | €8,029 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €179,908 | €155,324 | €127,918 | €128,960 | €123,098 | €177,509 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €106,531 | €107,772 | €163,744 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €48,430 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,181 | €4,403 | €9,633 | €14,070 | €12,958 | €13,029 | €12,949 | €8,029 | ▼ 38.0% |
| Other operating charges640/8 | - | - | - | €330 | €1,982 | €149 | €1,836 | €1,236 | ▼ 32.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €9,425 | - |
| Gross operating margin9900 | €67,935 | €82,254 | €62,305 | €22,429 | €15,326 | €13,765 | €35,567 | €32,303 | ▼ 9.2% |
| Operating profit (loss)9901 | €3,013 | €28,013 | €6,938 | -€40,401 | €386 | €587 | €20,782 | €13,612 | ▼ 34.5% |
| Financial income75/76B | - | - | - | - | - | - | €52 | €0 | ▼ 99.3% |
| Recurring financial income75 | - | - | - | - | - | - | €52 | €0 | ▼ 99.3% |
| Financial charges65/66B | - | - | - | €2,227 | €3,495 | €1,998 | €1,562 | €2,238 | ▲ 43.3% |
| Recurring financial charges65 | €8,725 | €1,514 | €2,884 | €2,227 | €3,495 | €1,998 | €1,562 | €2,238 | ▲ 43.3% |
| Profit (loss) for the period before taxes9903 | -€5,712 | €26,499 | €4,054 | -€42,628 | -€3,109 | -€1,411 | €19,272 | €11,375 | ▼ 41.0% |
| Profit (loss) for the period9904 | -€5,712 | €26,499 | €4,054 | -€42,628 | -€3,109 | -€1,411 | €19,272 | €11,375 | ▼ 41.0% |
| Profit (loss) for the period to be appropriated9905 | -€5,712 | €26,499 | €4,054 | -€42,628 | -€3,109 | -€1,411 | €19,272 | €11,375 | ▼ 41.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4,914 | €19,381 | €78,165 | €73,016 | €43,072 | €86,411 | €46,679 | €17,816 | ▼ 61.8% |
| Fixed assets21/28 | €3,096 | €9,413 | €46,462 | €43,151 | €33,628 | €22,246 | €13,189 | €5,159 | ▼ 60.9% |
| Tangible fixed assets22/27 | €3,096 | €9,413 | €46,462 | €43,151 | €33,628 | €22,246 | €13,189 | €5,159 | ▼ 60.9% |
| Plant, machinery and equipment23 | - | - | - | €42,391 | €33,328 | €22,246 | €13,189 | €5,159 | ▼ 60.9% |
| Furniture and vehicles24 | - | - | - | €760 | €300 | - | - | - | - |
| Current assets29/58 | €1,818 | €9,968 | €31,703 | €29,865 | €9,444 | €64,165 | €33,490 | €12,657 | ▼ 62.2% |
| Amounts receivable within one year40/41 | €1,818 | €9,968 | €21,806 | €24,721 | €9,444 | €64,165 | €26,836 | €9,329 | ▼ 65.2% |
| Trade receivables40 | - | - | - | €24,721 | €9,444 | €64,165 | €26,836 | €9,329 | ▼ 65.2% |
| Cash at bank and in hand54/58 | - | - | €9,897 | €5,144 | - | - | €2,654 | €3,328 | ▲ 25.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €4,000 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4,914 | €19,381 | €78,165 | €73,016 | €43,072 | €86,411 | €46,679 | €17,816 | ▼ 61.8% |
| Equity10/15 | -€37,332 | -€10,833 | -€6,779 | -€49,407 | -€52,516 | -€53,927 | -€34,656 | -€23,281 | ▲ 32.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€43,532 | -€18,893 | -€14,839 | -€57,467 | -€60,576 | -€61,987 | -€42,716 | -€31,341 | ▲ 26.6% |
| Amounts payable17/49 | €42,246 | €30,214 | €84,944 | €122,423 | €95,588 | €140,338 | €81,335 | €41,097 | ▼ 49.5% |
| Amounts payable after more than one year17 | €6,064 | €873 | €31,976 | €22,864 | €13,550 | €4,029 | - | €21,776 | - |
| Financial debts170/4 | - | - | - | €22,864 | €13,550 | €4,029 | - | €21,776 | - |
| Amounts payable within one year42/48 | €36,182 | €29,341 | €52,968 | €99,559 | €82,038 | €136,309 | €81,335 | €19,321 | ▼ 76.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,112 | €9,314 | €10,305 | €4,029 | €5,062 | ▲ 25.6% |
| Financial debts43 | - | - | - | €4,631 | €5,443 | €4,017 | €5,116 | €4,907 | ▼ 4.1% |
| Credit institutions430/8 | - | - | - | - | - | - | €5,116 | €4,907 | ▼ 4.1% |
| Other loans439 | - | - | - | €4,631 | €5,443 | €4,017 | - | - | - |
| Trade debts44 | €5,805 | €4,258 | €5,361 | €7,298 | €9,230 | €54,452 | €24,371 | €2,926 | ▼ 88.0% |
| Suppliers440/4 | - | - | - | €7,298 | €9,230 | €54,452 | €24,371 | €2,926 | ▼ 88.0% |
| Taxes, remuneration and social security45 | - | - | - | €28,669 | €11,043 | €31,989 | €30,025 | €6,123 | ▼ 79.6% |
| Taxes450/3 | - | - | - | €9,959 | €11,043 | €31,989 | €30,025 | €6,123 | ▼ 79.6% |
| Remuneration and social security454/9 | - | - | - | €18,710 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €49,849 | €47,008 | €35,546 | €17,793 | €303 | ▼ 98.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,712 | €26,499 | €4,054 | -€42,628 | -€3,109 | -€1,411 | €19,272 | €11,375 | ▼ 41.0% |
| + Depreciation and write-downs630 | €1,181 | €4,403 | €9,633 | €14,070 | €12,958 | €13,029 | €12,949 | €8,029 | ▼ 38.0% |
| Operating cash flow (approximation) | -€4,531 | €30,902 | €13,687 | -€28,558 | €9,849 | €11,618 | €32,221 | €19,404 | ▼ 39.8% |
| Investment in fixed assets (approximation) | - | -€10,720 | -€46,682 | -€10,759 | -€3,435 | -€1,647 | -€3,891 | €0 | - |
| Change in cash | - | - | - | -€4,753 | - | - | - | €674 | - |
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, 2,180 companies had the same profile as LGS Construct has now. Two years later, 88.8% were still going and 4.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LGS Construct itself: 1.3% 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 2,180 companies, not a prediction for LGS Construct. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00334823 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00509249 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00398926 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00404982 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20386155 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62200199 | |
| 31-12-2019 | micro format | 19-05-2020 | 2020-12700063 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61500426 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-57200141 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-10-2024 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GERONDAL Sebastien Charles Marcel Ghislain |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, assemblée qui nomme fixe nombre durée mandat et en cas pluralité pouvoirs”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Prix notification initiale ou contestation par expert commun accord ou défaut président tribunal de l'entreprise statuant comme en référé à…”
Articles of association, deed of 24-10-2024 (in French)
Network & group
LGS Construct shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of LGS Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-10
Gazette deed
Change of role: GERONDAL Sebastien Charles Marcel Ghislain, from manager to administrateur non statutaireDirector discharge · Registered office clause · Amendment of the articles11 points ▸
- Director resignation, GERONDAL Sebastien Charles Marcel Ghislain (manager)
- Director appointment, GERONDAL Sebastien Charles Marcel Ghislain (administrateur non statutaire)
- Director discharge, GERONDAL Sebastien Charles Marcel Ghislain
- Registered office clause, “1370 Jodoigne,rue Saint-Vincent 2A” (deed in French)
- Other provision, “unanimité_votes, toutes_prises_unanimité_voix” (deed in French)
- General meeting, 18-10-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “comptedecapitauxpropresstatutairementindisponible, comptedecapitauxpropresapportsnonappelés” (deed in French)
- Reserve release, “supprimerlecomptedecapitauxpropresstatutairementindisponible, rendrecesfondsdisponiblespourdistribution” (deed in French)
- Capital
- Other provision, “comptedecapitauxpropresstatutairementindisponible, Article6” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
56 activities
- Les travaux de terrassements:creusement,comblement,nivellement de chantiers de construction,ouverture de tranchées,...
- La conduite et le maniement de grues ou de machines de terrassements et de génie civil,sous toutes leurs formes
- Location de machines et équipements pour la construction
- La mise en place des éléments dévacuation des eaux de pluie
- Pose de câbles et de canalisations diverses
- Travaux de dragage
- Le curage des cours deau,fossés,...
- Forages et sondages
- Mise en place de fondation,y compris battage des pieux
- Le drainage des chantiers de construction,des terrains agricoles et sylvicoles
- Lentreprise de maçonnerie-béton,lentreprise dinstallation déchafaudages et le plates formes de travail,de rejointoyage et nettoyage des façades ainsi que la peinture industrielle et le sablage,le recouvrement de pignons et façades
- Travaux de ferraillage et pose de coffrage
- Pose de chape
- Le déblayage des chantiers
- Nettoyage et remise en état des lieux après travaux
- Réalisation de canalisations à longue distance,construction de réseaux de télécommunication,construction de lignes de transport dénergie
- Construction de réseaux dadduction,de distribution et dévacuation des eaux
- Construction de réseaux de transport de gaz,de produits pétroliers,...
- Les activités de menuisier-charpentier
- Le montage de menuiseries extérieures et intérieures métallique:portes,fenêtres,dormants de portes et fenêtres,escaliers,placards,cuisines équipées,équipements pour magasins,....
- Construction métallique et ouvrages dart métalliques
- Menuiseries métalliques
- Montage de cloisons mobiles,le revêtement de murs,de plafonds,…
- Montage de portes de garage,de volets,de persiennes,de grillages,de grilles,…
- Montage déléments de structures métalliques non fabriqués par lunité qui exécute les travaux
- Peinture dossature métallique
- Le placement de ferronnerie,de volets et de menuiserie métallique et plastique
- Les activités de plafonneur-cimentier
- Lentreprise de carreleur
- Pose de carrelage
- Pose de revêtements de sol en bois ou en dautres matériaux
- Les travaux de démolition
- Les travaux de vitreries
- Installation de stores et de bannes
- Nettoyage de locaux et de lavage de vitres,ramonage de cheminées
- Lisolation thermique et acoustique,le placement de cloisons et de faux plafonds
- Linstallation de ventilation et aération,de chauffage à air chaud,de conditionnement dair et de tuyauteries industrielles,le ramonage des cheminées
- La taille,le façonnage et le finissage de pierres ornementales et de construction
- Le placement de cheminées ornementales
- La coordination générale sur les chantiers
- Les travaux détanchéité des constructions
- Traitements des murs avec des produits hydrofuges
- Travaux de routes et de constructions douvrages non métalliques
- Létude et la réalisation de tous travaux de construction,publics et privés,en qualité dentrepreneur général ou en sous-traitance,la conception de tous bâtiments et édifices,létude et la réalisation de décorations tant intérieures quextérieures
- Toutes opérations se rapportant directement ou indirectement à lentretien,la rénovation,les travaux de réparations,dembellissements,de renouvellement et de modernisation,et la maintenance de tous les types douvrage dart,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés du bâtiment
- La prestation de conseils et dassistance tant au point de vue technique quadministratif et commercial à toutes sociétés et entreprises,pour tout ce qui concerne le secteur des biens immobiliers
- La prise en considération de tous travaux concernant la distribution de leau,du gaz,de lélectricité,etc.,létablissement et lexploitation de tous moyens de transport,ports,canaux,routes,etc.,...
- Lachat,la vente,la location,limportation,lexportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,dentretien,de maintenance,de réparation et de renouvellement des ouvrage dart et bâtiments
- La préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets
- La société peut faire toutes opérations industrielles,commerciales,financières,mobilières ou immobilières,ayant un rapport direct ou indirect avec son objet ou qui serait de nature à en faciliter la réalisation
- La société peut sintéresser par toutes voies dapport,de fusion,de souscription ou toute autre manière dans toutes affaires,entreprises ou sociétés,ayant un objet identique,analogue ou connexe,ou qui sont de nature à favoriser le développement de son entreprise,à lui procurer des matières premières,à faciliter lécoulement de ses produits ou à élargir sa clientèle
- La construction et laménagement de plaines de jeux,de sport,de parcs,de jardins et de bassins de natation
- Installations de piscines privées
- Le placement de clôture
- Elle peut accomplir toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet
- Elle peut sintéresser par toutes voies,dans toutes affaires,entreprises ou sociétés ayant un objet identique,analogue ou connexe ou qui sont de nature à favoriser le développement de son entreprise,à lui procurer des matières premières ou à faciliter lécoulement de ses produits
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0670.844.476
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25085A0104/00E000 | Wallonia | 1,396 m² | 1 · 106 m² | 7.6 m · 2 |