LMC CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LMC CONSTRUCT is 2.8% (moderate). The 2025 annual accounts show equity of €29,438 and a net result of €6,521. Equity has been growing by about 37% per year since 2018. Its solvency ranks better than 10% of 9,909 sector peers (NACE 43, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-08-2006 Normal situation
- Activity
- Joinery installation NACE 43320and 2 others
- Establishment units
- 2.155.643.173 5031 Gembloux, since 21-08-2006
- 2.164.272.512 5031 Gembloux, since 08-08-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.8%
- Gross margin
- €585,213
- ▲ 11.0%
- Turnover
- ≈ €1.7m
- estimated
- Profit
- €6,521
- ▲ 185%
- Equity
- €29,438
- ▲ 28.5%
- Total assets
- €527,015
- ▼ 15.6%
- Employees on 31-12-2025
- 11
- =
- 2025 accounts filed 27 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.95, cash €2,985, halvedLast filed accounts filed 27 days late; 1 of the last 3 accounts lateEquity €29,438 (5.6% of total assets)Sector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 3 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, small). It does better than 6% of them on solvency, 4% on liquidity, 15% on profitability and 83% on growth.
The bankruptcy probability was computed on 04-11-2026 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 34 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, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437211.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is 198% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 13 | 13 | 11 | 11 |
| full-time | 9 | 13 | 13 | 11 | 11 |
| in full-time equivalents | 9 | 13 | 13 | 11 | 11 |
| Average over the year, in full-time equivalents | 8.6 | 11.4 | 13.5 | 11.6 | 11 |
| On a permanent contract | 5 | 5 | 8 | 7 | 7 |
| Joined | 4 | 6 | 3 | 1 | 1 |
| Left | 4 | 2 | 3 | 3 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,666 | €5,477 | €41,355 | €87,909 | - |
| Depreciation and write-downs of the year | €14,063 | €12,258 | €8,138 | €16,668 | €23,356 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.6m | €0.7m | €0.6m | €0.8m | €1.0m | €1.3m | €1.0m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.5m | €0.5m | €0.7m | €0.5m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.5m | €0.6m | €0.5m | €0.5m | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.008m | €0.02m | €0.02m | ▲ 40.1% |
| Other operating charges640/8 | - | - | - | €0.002m | €348 | €0.004m | €0.002m | €0.02m | ▲ 946% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €152 | - | - |
| Gross operating margin9900 | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | €0.6m | €0.5m | €0.6m | ▲ 11.0% |
| Operating profit (loss)9901 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.006m | €0.01m | €0.04m | ▲ 198% |
| Financial charges65/66B | - | - | - | €0.008m | €0.005m | €0.007m | €0.01m | €0.03m | ▲ 211% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.008m | €0.005m | €0.007m | €0.01m | €0.03m | ▲ 211% |
| Profit (loss) for the period before taxes9903 | €0.002m | €0.003m | €0.01m | €0.01m | €0.02m | -€0.001m | €0.004m | €0.009m | ▲ 162% |
| Income taxes67/77 | - | - | - | €0.001m | €0.004m | €295 | €0.001m | €0.003m | ▲ 119% |
| Profit (loss) for the period9904 | €0.002m | €0.003m | €0.01m | €0.01m | €0.01m | -€0.001m | €0.002m | €0.007m | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | €0.002m | €0.003m | €0.01m | €0.01m | €0.01m | -€0.001m | €0.002m | €0.007m | ▲ 185% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €300,181 | €306,567 | €304,628 | €337,170 | €485,359 | €534,520 | €624,196 | €527,015 | ▼ 15.6% |
| Fixed assets21/28 | €98,902 | €89,093 | €83,090 | €71,693 | €64,912 | €98,129 | €169,219 | €145,863 | ▼ 13.8% |
| Intangible fixed assets21 | - | - | - | - | - | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €98,902 | €89,093 | €83,090 | €71,693 | €64,912 | €98,129 | €169,219 | €145,863 | ▼ 13.8% |
| Land and buildings22 | - | - | - | €58,855 | €53,680 | €49,799 | €44,625 | €38,157 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | - | - | €9,646 | €7,996 | €46,518 | €123,666 | €107,706 | ▼ 12.9% |
| Furniture and vehicles24 | - | - | - | €3,192 | €3,236 | €1,812 | €928 | - | - |
| Leasing and similar rights25 | - | - | - | - | - | €0 | €0 | - | - |
| Current assets29/58 | €201,279 | €217,475 | €221,538 | €265,477 | €420,447 | €436,391 | €454,978 | €381,152 | ▼ 16.2% |
| Stocks and contracts in progress3 | €24,206 | €20,979 | €21,889 | €22,479 | €24,926 | €44,023 | €43,552 | €38,835 | ▼ 10.8% |
| Stocks30/36 | - | - | - | €22,479 | €24,926 | €44,023 | €43,552 | €38,835 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €159,912 | €180,728 | €184,165 | €222,534 | €283,906 | €371,928 | €392,410 | €331,713 | ▼ 15.5% |
| Trade receivables40 | - | - | - | €182,725 | €229,195 | €316,333 | €343,910 | €290,516 | ▼ 15.5% |
| Other amounts receivable41 | - | - | - | €39,809 | €54,711 | €55,595 | €48,500 | €41,197 | ▼ 15.1% |
| Cash at bank and in hand54/58 | €17,161 | €15,768 | €15,484 | €16,768 | €111,616 | €20,440 | €11,092 | €2,985 | ▼ 73.1% |
| Deferred charges and accrued income490/1 | - | - | - | €3,696 | - | - | €7,924 | €7,619 | ▼ 3.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €300,181 | €306,567 | €304,628 | €337,170 | €485,359 | €534,520 | €624,196 | €527,015 | ▼ 15.6% |
| Equity10/15 | -€18,129 | -€14,879 | -€3,503 | €9,363 | €21,650 | €20,628 | €22,917 | €29,438 | ▲ 28.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | -€38,589 | -€35,339 | -€23,963 | -€11,097 | €1,190 | €168 | €2,457 | €8,978 | ▲ 265% |
| Amounts payable17/49 | €318,310 | €321,447 | €308,131 | €327,807 | €463,709 | €513,892 | €601,279 | €497,576 | ▼ 17.2% |
| Amounts payable after more than one year17 | €41,773 | €19,100 | €7,524 | - | €71,345 | €67,780 | €106,686 | €98,418 | ▼ 7.7% |
| Financial debts170/4 | - | - | - | - | €71,345 | €67,780 | €106,686 | €98,418 | ▼ 7.7% |
| Amounts payable within one year42/48 | €276,538 | €302,347 | €300,607 | €327,807 | €392,364 | €446,112 | €494,593 | €399,158 | ▼ 19.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,524 | €3,381 | €3,565 | €7,846 | €8,268 | ▲ 5.4% |
| Financial debts43 | - | - | - | €15,000 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €15,000 | - | - | - | - | - |
| Trade debts44 | €118,541 | €165,815 | €162,161 | €196,595 | €265,414 | €295,933 | €335,309 | €225,754 | ▼ 32.7% |
| Suppliers440/4 | - | - | - | €196,595 | €265,414 | €295,933 | €335,309 | €225,754 | ▼ 32.7% |
| Taxes, remuneration and social security45 | - | - | - | €77,961 | €90,471 | €107,800 | €112,812 | €121,399 | ▲ 7.6% |
| Taxes450/3 | - | - | - | €1,399 | €5,713 | €1,694 | €1,533 | €2,128 | ▲ 38.8% |
| Remuneration and social security454/9 | - | - | - | €76,562 | €84,758 | €106,105 | €111,279 | €119,271 | ▲ 7.2% |
| Other amounts payable47/48 | - | - | - | €30,726 | €33,098 | €38,814 | €38,626 | €43,738 | ▲ 13.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,937 | €3,250 | €11,376 | €12,866 | €12,287 | -€1,022 | €2,290 | €6,521 | ▲ 185% |
| + Depreciation and write-downs630 | €13,792 | €11,244 | €10,787 | €14,063 | €12,258 | €8,138 | €16,668 | €23,356 | ▲ 40.1% |
| Operating cash flow (approximation) | €15,729 | €14,494 | €22,163 | €26,930 | €24,545 | €7,116 | €18,957 | €29,877 | ▲ 57.6% |
| Investment in fixed assets (approximation) | - | -€1,434 | -€4,785 | -€2,666 | -€5,477 | -€41,355 | -€87,757 | €0 | - |
| Change in cash | - | -€1,392 | -€285 | €1,285 | €94,848 | -€91,176 | -€9,349 | -€8,107 | ▲ 13.3% |
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, 1,217 companies had the same profile as LMC CONSTRUCT has now. Two years later, 95.9% were still going and 1.5% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LMC CONSTRUCT itself is higher: 2.8% within 12 months. It rests on far more data about LMC CONSTRUCT than the profile alone.
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 1,217 companies, not a prediction for LMC 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00437211 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00512926 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00401896 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00435017 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20362589 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60800449 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-46400036 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57700582 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41800083 | |
| 31-12-2016 | full format | 16-06-2017 | 2017-18200509 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-03-2024 Converted to unavailable equity
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Ludovic CHARLES |
|
| Michaël CHARLES |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs au prorata si plusieurs, choisi de commun accord ou président du tribunal de l'entreprise statuant comme en…”
Articles of association, deed of 13-03-2024 (in French)
Network & group
LMC CONSTRUCT shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of LMC CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-03
Gazette deed
Changes of role: Michaël CHARLES (director) and Ludovic CHARLES (director)Director discharge: Michaël CHARLES · Director discharge: Ludovic CHARLES9 points ▸
- Director resignation, Michaël CHARLES (manager)
- Director resignation, Ludovic CHARLES (manager)
- Director appointment, Michaël CHARLES (director (not named in the articles))
- Director appointment, Ludovic CHARLES (director (not named in the articles))
- Director discharge, Michaël CHARLES
- Director discharge, Ludovic CHARLES
- General meeting, 28-12-2023
- 186 shares
- Capital, €20,460
- The act holds 4 more points.
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
Codes under NACEBEL 2003
7 activities
- L’étude,l’achat,la vente,le placement,la construction,l’entretien,la réparation de toutes menuiseries métalliques,en matières plastiques,en bois ou autres,l’achat,la vente,la pose,l’entretien et la réparation de tous matériels de construction métallique ou de vitrerie
- Le travail du bois et de ses dérivés,travail de menuiserie et d’ébenisterie
- La conception,la réalisation,la restauration et la pose de meubles pour tous usages:salle de bains,bureaux,…
- Le placement et la restauration de cuisines et de salle de bains
- Tous travaux de terrassement,de démolition,isolation thermique et accoustique,sous toutes leurs formes et selon quelque procédé
- Tous travaux de plafonnage et de montage de cloisons
- Tous travaux de pose de revêtement
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 0882.984.961
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92056E0180/00R002 | Wallonia | 745 m² | 1 · 116 m² | 10.3 m · 3 |
| 92056E0183/00T002 | Wallonia | 28 m² | 1 · 117 m² | 9.7 m · 3 |