LM CONSTRUCT
Annual accounts 2025
micro format, filed on 30-09-2026, 61 days late€657,633
€44,714
▲ 183%
€54,324
▲ 112%
€44,773
▲ 215%
35.1%
▲ 6.6 percentage points
1.25
▼ 0.06
Money flows
of every €100 of turnover, €5.35 remains as profit in 2025Balance sheet
balance sheet total €221,966 on 31-12-2025What the company ownsHow it is paid for
in euro
Position in the sector
35.1%
Higher than 54% of 630 companies in 2025.
1.25
Higher than 51% of 599 companies in 2025.
15.8%
Higher than 75% of 601 companies in 2025.
LM CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in postal and courier (NACE 53)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€29,155
Staff costs divided by the average number of full-time equivalents.
+6 people
people who joined
people who left
In 2025, 32 people joined and 26 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
221,966 | 149,994 | 53,056 | 36,844 | 27,007 | 10,907 | 64,348 | 56,417 | 80,725 | 50,986 | 15,734 | |
21/28 |
42,278 | 9,463 | 13,260 | - | - | - | 3,162 | 6,324 | - | - | - | |
22/27 |
42,278 | 9,463 | 13,260 | - | - | - | 3,162 | 6,324 | - | - | - | |
23 |
5,945 | - | - | - | - | - | - | - | - | - | - | |
24 |
36,334 | 9,463 | 13,260 | - | - | - | 3,162 | 6,324 | - | - | - | |
29/58 |
179,688 | 140,531 | 39,796 | 36,844 | 27,007 | 10,907 | 61,185 | 50,092 | 80,725 | 50,986 | 15,734 | |
3 |
- | - | - | - | - | - | - | - | 50,000 | 50,000 | - | |
30/36 |
- | - | - | - | - | - | - | - | 50,000 | 50,000 | - | |
40/41 |
156,135 | 122,880 | 36,920 | 35,870 | 26,054 | 10,868 | 57,275 | 4,622 | 30,485 | 557 | 13,858 | |
40 |
125,973 | 107,530 | 17,287 | 25,229 | 25,229 | 7,299 | 49,737 | 2,002 | 30,000 | - | 13,600 | |
41 |
30,162 | 15,350 | 19,633 | 10,641 | 825 | 3,569 | 7,538 | 2,620 | 485 | 557 | 259 | |
50/53 |
- | 17,651 | - | - | - | - | - | - | - | - | - | |
54/58 |
23,553 | - | 2,672 | 974 | 953 | 38 | 3,842 | 44,663 | 240 | 429 | 1,876 | |
490/1 |
- | - | 203 | - | - | - | 69 | 807 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
221,966 | 149,994 | 53,056 | 36,844 | 27,007 | 10,907 | 64,348 | 56,417 | 80,725 | 50,986 | 15,734 | |
10/15 |
77,869 | 42,706 | 38,269 | 28,281 | 16,809 | 5,033 | 39,116 | 27,257 | 23,872 | 21,051 | 7,032 | |
10/11 |
8,060 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
35,163 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
35,163 | - | - | - | - | - | - | - | - | - | - | |
14 |
34,646 | 34,646 | 30,209 | 20,221 | 8,749 | -3,027 | 31,056 | 19,197 | 15,812 | 14,851 | 832 | |
17/49 |
144,097 | 107,288 | 14,787 | 8,563 | 10,198 | 5,873 | 25,232 | 29,160 | 56,853 | 29,935 | 8,702 | |
42/48 |
144,097 | 107,288 | 14,787 | 8,563 | 10,198 | 5,873 | 25,232 | 29,160 | 56,853 | 29,935 | 8,702 | |
44 |
66,109 | 52,426 | 1,866 | 261 | 774 | - | - | 20,456 | 9,138 | 514 | 1,409 | |
440/4 |
66,109 | 52,426 | 556 | 261 | 774 | - | - | 20,456 | 9,138 | 514 | 1,409 | |
441 |
- | - | 1,310 | - | - | - | - | - | - | - | - | |
45 |
77,988 | 54,861 | 12,921 | 8,303 | 5,099 | 5,628 | 5,482 | 7,401 | 25,622 | 18,839 | 3,670 | |
450/3 |
62,663 | 43,944 | 12,921 | 8,303 | 5,099 | 4,278 | 5,482 | 1,866 | 8,086 | 12,295 | 1,670 | |
454/9 |
15,325 | 10,918 | - | - | - | 1,350 | - | 5,536 | 17,536 | 6,544 | 2,000 | |
47/48 |
- | - | - | - | 4,326 | 245 | 19,750 | 1,303 | 22,094 | 10,582 | 3,624 | |
| Income statement | ||||||||||||
70 |
657,633 | - | - | - | 51,675 | 4,879 | 60,859 | 53,168 | 51,509 | 70,789 | 20,680 | |
76A |
- | - | - | 1 | - | - | - | 20,000 | - | - | - | |
9900 |
300,217 | 102,549 | 18,039 | 16,066 | 13,836 | -30,145 | 20,038 | 5,187 | 12,758 | 29,634 | 1,179 | |
60/61 |
396,638 | - | - | - | 37,839 | 35,025 | 40,821 | 67,981 | 38,752 | 41,155 | 19,500 | |
62 |
239,073 | 63,494 | - | - | - | - | - | - | 2,099 | 579 | - | |
630 |
9,610 | 9,797 | 1,092 | - | - | 3,162 | 3,162 | 3,162 | - | - | - | |
635/8 |
- | - | - | - | - | - | - | -3,859 | - | - | - | |
640/8 |
6,360 | 13,483 | 525 | - | 1,589 | 642 | 1,077 | - | 6,661 | 6,288 | 50 | |
66A |
460 | - | - | - | 180 | - | - | 119 | - | 265 | - | |
9901 |
44,714 | 15,776 | 16,423 | 16,066 | 12,067 | -33,950 | 15,799 | 5,765 | 3,998 | 22,503 | 1,129 | |
75/76B |
2,179 | - | - | 611 | - | - | - | - | 0 | 0 | - | |
75 |
2,179 | - | - | 611 | - | - | - | - | 0 | 0 | - | |
65/66B |
9,854 | 6,583 | 1,468 | 161 | 292 | 154 | 129 | 710 | 237 | 1,129 | 20 | |
65 |
9,854 | 6,499 | 1,468 | 161 | 292 | 154 | 129 | 710 | 237 | 1,129 | 20 | |
66B |
- | 83 | - | - | - | - | - | - | - | - | - | |
9903 |
37,039 | 9,193 | 14,955 | 16,516 | 11,775 | -34,104 | 15,670 | 5,055 | 3,761 | 21,374 | 1,109 | |
67/77 |
1,876 | 4,756 | 4,967 | 5,043 | - | -21 | 3,811 | 1,670 | 940 | 7,355 | 277 | |
9904 |
35,163 | 4,437 | 9,988 | 11,473 | 11,775 | -34,082 | 11,859 | 3,385 | 2,820 | 14,019 | 832 | |
9905 |
35,163 | 4,437 | 9,988 | 11,473 | 11,775 | -34,082 | 11,859 | 3,385 | 2,820 | 14,019 | 832 | |
| Appropriation of the result | ||||||||||||
9906 |
69,809 | 34,646 | 30,209 | 20,221 | 8,749 | -3,027 | 31,056 | 19,197 | 17,672 | 14,851 | 832 | |
14P |
34,646 | 30,209 | 20,221 | 8,748 | -3,027 | - | - | - | - | - | - | |
691/2 |
35,163 | - | - | - | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | - | - | |
6921 |
35,163 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
8.2 | 4.2 | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
6,947 | 2,126 | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00552552 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00264986 | |
| 31-12-2023 | micro format | 11-02-2025 | 2025-00032802 | |
| 31-12-2022 | micro format | 11-02-2025 | 2025-00032801 | |
| 31-12-2021 | micro format | 03-01-2023 | 2023-20556323 | |
| 31-12-2020 | micro format | 27-10-2021 | 2021-75700445 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-44800122 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58800225 | |
| 31-12-2017 | micro format | 25-09-2018 | 2018-64700485 | |
| 31-12-2016 | micro format | 11-08-2017 | 2017-43200586 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-44600024 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54,324 | 25,573 | 17,515 | - | - | -30,788 | 18,961 | 8,927 | - | - | - | ||
| 44,773 | 14,234 | 11,080 | - | - | -30,920 | 15,021 | 6,547 | - | - | - | ||
| 42,425 | 3,000 | 23,839 | - | - | 0 | 0 | 9,486 | - | - | - | ||
| - | - | 1,698 | 21 | 914 | -3,804 | -40,821 | 44,423 | -190 | -1,447 | - | ||
| 35,591 | 33,243 | 25,009 | 28,281 | 16,809 | 5,033 | 35,954 | 20,933 | 23,872 | 21,051 | 7,032 | ||
| 6.8% | - | - | - | 23.4% | - | 26.0% | 10.8% | 7.8% | 31.8% | 5.5% | ||
| 35.1% | 28.5% | 72.1% | 76.8% | 62.2% | 46.1% | 60.8% | 48.3% | 29.6% | 41.3% | 44.7% | ||
| 1.25 | 1.31 | 2.69 | 4.30 | 2.65 | 1.86 | 2.42 | 1.72 | 1.42 | 1.70 | 1.81 | ||
| 1.25 | 1.31 | 2.69 | 4.30 | 2.65 | 1.86 | 2.42 | 1.72 | 0.54 | 0.03 | 1.81 | ||
| 1.85 | 2.51 | 0.39 | 0.30 | 0.61 | 1.17 | 0.65 | 1.07 | 2.38 | 1.42 | 1.24 | ||
| 45.2% | 10.4% | 26.1% | 40.6% | 70.1% | -677.1% | 30.3% | 12.4% | 11.8% | 66.6% | 11.8% | ||
| 15.8% | 3.0% | 18.8% | 31.1% | 43.6% | -312.5% | 18.4% | 6.0% | 3.5% | 27.5% | 5.3% | ||
| 5.51 | 3.93 | 11.93 | - | - | - | - | - | - | - | - | ||
| 70 days | - | - | - | 178 days | 546 days | 298 days | 14 days | 213 days | 3 days | 240 days | ||
| 61 days | - | - | - | 7 days | - | - | 110 days | 86 days | 5 days | 26 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 14 | - |
| full-time | 2 | - |
| part-time | 12 | - |
| in full-time equivalents | 6.3 | 3.1 |
| 4.7 | 1.4 | |
| On a permanent contract | 5 | 2 |
| Joined | 32 | 23 |
| Left | 26 | 15 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €42,425 | €3,000 | €23,839 | - | - |
| €9,610 | €9,797 | €1,092 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LM CONSTRUCT
The operating result for 2025 is 183% higher than in 2024 and the highest since 2015. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 71.5% to 64.9%. Equity and debt are higher.