LIVE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LIVE CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €21,763 and a net result of €6,521. Equity is growing by ~62.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 7564 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-11
Solvency47▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.92 in 2024; short-term debt: 68.2% and cash: 55.2% of total assets), and 77.6% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
22.4%
Return on assets
6.7%
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 05-06-2026, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
56 d early
2024
70 d early
2023
22 d 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 35 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,763▲ 42.8%
2024 · €15,242
Total assets
€97,128▲ 20.5%
2024 · €80,613
Net result
€6,521▼ 48.0%
2024 · €12,533
Working capital
€557
2024 · -€5,303
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€2,985-€16,445▲ 451%€9,941▼ 39.6%
Net result€1,707-€12,533▲ 634%€6,521▼ 48.0%
Equity€2,707-€15,242▲ 463%€21,763▲ 42.8%
Total assets€64,329-€80,613▲ 25.3%€97,128▲ 20.5%
Debt€61,622-€65,371▲ 6.1%€75,365▲ 15.3%
Working capital-€21,998--€5,303▲ 75.9%€557
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,128
Fixed assets
€30,329 ▲ 47.6%
Current assets
€66,799 ▲ 11.2%
Equity and liabilities €97,128
Equity
€21,763 ▲ 42.8%
Debt
€75,365 ▲ 15.3%
Debt's share of the balance-sheet total falls from 81.1% to 77.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,390▼
2024 · €23,091
Cash flow
€16,970▼
2024 · €19,179
Current ratio
1.01▲
2024 · 0.92
Quick ratio
0.89▲
2024 · 0.72
Debt to equity
3.46▼
2024 · 4.29
ROE
30.0%▼
2024 · 82.2%
ROA
6.7%▼
2024 · 15.5%
Interest coverage
29.25▼
2024 · 195.69
Debt ≤ 1 year
€66,242▲
2024 · €65,371
Debt > 1 year
€9,123
Income taxes
€2,896▼
2024 · €3,797
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 7,976 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,208 | €6,646 | €10,449 | ▲ 57.2% |
| Other operating charges640/8 | €3,245 | €1,589 | €2,084 | ▲ 31.1% |
| Gross operating margin9900 | €13,438 | €24,680 | €22,473 | ▼ 8.9% |
| Operating profit (loss)9901 | €2,985 | €16,445 | €9,941 | ▼ 39.6% |
| Financial income75/76B | €108 | €3 | €173 | ▲ 5,671% |
| Recurring financial income75 | €108 | €3 | €173 | ▲ 5,671% |
| Financial charges65/66B | €76 | €118 | €697 | ▲ 491% |
| Recurring financial charges65 | €76 | €118 | €697 | ▲ 491% |
| Profit (loss) for the period before taxes9903 | €3,017 | €16,330 | €9,417 | ▼ 42.3% |
| Income taxes67/77 | €1,310 | €3,797 | €2,896 | ▼ 23.7% |
| Profit (loss) for the period9904 | €1,707 | €12,533 | €6,521 | ▼ 48.0% |
| Profit (loss) for the period to be appropriated9905 | €1,707 | €12,533 | €6,521 | ▼ 48.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €64,329 | €80,613 | €97,128 | ▲ 20.5% |
| Fixed assets21/28 | €24,705 | €20,545 | €30,329 | ▲ 47.6% |
| Tangible fixed assets22/27 | €24,705 | €20,545 | €30,329 | ▲ 47.6% |
| Land and buildings22 | €22,405 | €18,845 | - | - |
| Plant, machinery and equipment23 | - | - | €17,391 | - |
| Furniture and vehicles24 | €2,300 | €1,700 | €12,938 | ▲ 661% |
| Current assets29/58 | €39,624 | €60,068 | €66,799 | ▲ 11.2% |
| Stocks and contracts in progress3 | €9,986 | €12,771 | €8,127 | ▼ 36.4% |
| Stocks30/36 | €4,986 | €7,771 | €8,127 | ▲ 4.6% |
| Contracts in progress37 | €5,000 | €5,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €2,626 | €15,136 | €5,021 | ▼ 66.8% |
| Trade receivables40 | €565 | €12,630 | €3,677 | ▼ 70.9% |
| Other amounts receivable41 | €2,061 | €2,506 | €1,345 | ▼ 46.3% |
| Cash at bank and in hand54/58 | €27,012 | €32,161 | €53,651 | ▲ 66.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64,329 | €80,613 | €97,128 | ▲ 20.5% |
| Equity10/15 | €2,707 | €15,242 | €21,763 | ▲ 42.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €1,707 | €14,242 | €20,763 | ▲ 45.8% |
| Distributable reserves133 | €1,707 | €14,242 | €20,763 | ▲ 45.8% |
| Amounts payable17/49 | €61,622 | €65,371 | €75,365 | ▲ 15.3% |
| Amounts payable after more than one year17 | - | - | €9,123 | - |
| Financial debts170/4 | - | - | €9,123 | - |
| Amounts payable within one year42/48 | €61,622 | €65,371 | €66,242 | ▲ 1.3% |
| Current portion of amounts payable after more than one year42 | - | - | €2,695 | - |
| Trade debts44 | €12,539 | €19,687 | €13,722 | ▼ 30.3% |
| Suppliers440/4 | €12,539 | €19,687 | €13,722 | ▼ 30.3% |
| Taxes, remuneration and social security45 | €1,738 | €4,407 | €7,296 | ▲ 65.5% |
| Taxes450/3 | €1,670 | €4,339 | €7,296 | ▲ 68.1% |
| Remuneration and social security454/9 | €68 | €68 | €0 | ▼ 100% |
| Other amounts payable47/48 | €47,345 | €41,277 | €42,528 | ▲ 3.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,707 | €12,533 | €6,521 | ▼ 48.0% |
| + Depreciation and write-downs630 | €7,208 | €6,646 | €10,449 | ▲ 57.2% |
| Operating cash flow (approximation) | €8,915 | €19,179 | €16,970 | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | -€2,486 | -€20,233 | ▼ 714% |
| Change in cash | - | €5,149 | €21,490 | ▲ 317% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €12,533 ▲634%
Operating result €16,445, net result €12,533, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
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
2 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, Diksmuide · 1 establishment unit since 2022
Ground area
692 m²
Building footprint
258 m²
Volume, LiDAR
948 m³
Parcel 32013B0139/00G000, Flanders · tallest building 12.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LIVE CONSTRUCT
since 20222.333.511.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32013B0139/00G000 | Flanders | 692 m² | 1 · 258 m² | 12.4 m · 1 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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BERTRAND TECHNIQUE GESTION CONSTRUCTION
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,748 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
Founded04-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
25110Manufacture of metal structures and parts of structures
43120Site preparation
43230Insulation installation
43320Joinery installation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788179636
Also
9925:BE0788179636
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.