LN-CONSTRUCT
ActiveSummary
LN-CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €96k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+80
Solvency50▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.13 in 2024; short-term debt: 68.6% and cash: 13.7% of total assets), and 74.6% 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 · 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
25.4%
Return on assets
20.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
35 d early
2022
35 d early
2021
32 d early
2020
40 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€117k▲ 5.4%
2024 · €111k
Total assets
€462k▼ 23.4%
2024 · €603k
Net result
€96k
2024 · €-78k
Working capital
€138k▲ 202%
2024 · €46k
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
Line20212022202320242025
Operating result€77k▲ 108%€98k▲ 28.2%€93k▼ 5.2%€-68k€133k
Net result€53k▲ 134%€59k▲ 12.4%€53k▼ 10.8%€-78k€96k
Equity€140k▲ 60.3%€137k▼ 2.3%€189k▲ 38.6%€111k▼ 41.2%€117k▲ 5.4%
Total assets€778k▲ 51.7%€1.12M▲ 43.6%€786k▼ 29.7%€603k▼ 23.2%€462k▼ 23.4%
Debt€639k▲ 50.0%€981k▲ 53.7%€596k▼ 39.2%€492k▼ 17.5%€345k▼ 29.9%
Working capital€174k▲ 2.5%€642k▲ 269%€344k▼ 46.4%€46k▼ 86.7%€138k▲ 202%
Staff (FTE)2.3▼ 17.9%2.1▼ 8.7%1.3▼ 38.1%1.4▲ 7.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €133k after a loss of €68k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462k
Fixed assets
€7k ▼ 97.0%
Current assets
€456k ▲ 18.0%
Equity and liabilities €462k
Equity
€117k ▲ 5.4%
Debt
€345k ▼ 29.9%
Debt's share of the balance-sheet total falls from 81.5% to 74.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138k▲
2024 · €-55k
Cash flow
€100k▲
2024 · €-66k
Current ratio
1.44▲
2024 · 1.13
Quick ratio
0.21▲
2024 · 0.05
Debt to equity
2.94▼
2024 · 4.42
ROE
81.8%▲
2024 · -70.2%
ROA
20.8%▲
2024 · -12.9%
Interest coverage
4.56▲
2024 · -2.36
Debt ≤ 1 year
€317k▼
2024 · €340k
Debt > 1 year
€28k▼
2024 · €152k
Income taxes
€10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €45k | €278k | €14k | €178k | ▲ 1,168% |
| Remuneration, social security and pensions62 | - | €97k | €57k | €19k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €28k | €30k | €13k | €4k | ▼ 65.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2k | - | - | - | - |
| Other operating charges640/8 | - | €31k | €18k | €5k | €5k | ▼ 2.9% |
| Non-recurring operating charges66A | - | - | - | €7k | - | - |
| Gross operating margin9900 | €200k | €256k | €198k | €-24k | €142k | ▲ 694% |
| Operating profit (loss)9901 | €77k | €98k | €93k | €-68k | €133k | ▲ 297% |
| Financial income75/76B | - | €197 | €138 | €13k | €3k | ▼ 78.2% |
| Recurring financial income75 | €1k | €197 | €138 | €869 | €3k | ▲ 218% |
| Non-recurring financial income76B | - | - | - | €12k | - | - |
| Financial charges65/66B | - | €19k | €22k | €23k | €30k | ▲ 29.7% |
| Recurring financial charges65 | €9k | €13k | €21k | €23k | €30k | ▲ 29.7% |
| Non-recurring financial charges66B | - | €6k | €2k | - | - | - |
| Profit (loss) for the period before taxes9903 | €68k | €79k | €71k | €-78k | €106k | ▲ 236% |
| Income taxes67/77 | €16k | €20k | €18k | - | €10k | - |
| Profit (loss) for the period9904 | €53k | €59k | €53k | €-78k | €96k | ▲ 223% |
| Profit (loss) for the period to be appropriated9905 | €53k | €59k | €53k | €-78k | €96k | ▲ 223% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €778k | €1.12M | €786k | €603k | €462k | ▼ 23.4% |
| Fixed assets21/28 | €446k | €291k | €265k | €217k | €7k | ▼ 97.0% |
| Intangible fixed assets21 | €2k | €1k | €331 | - | - | - |
| Tangible fixed assets22/27 | €444k | €290k | €264k | €217k | €6k | ▼ 97.2% |
| Land and buildings22 | - | €219k | €213k | €206k | - | - |
| Plant, machinery and equipment23 | - | €55k | €41k | €9k | €6k | ▼ 39.5% |
| Furniture and vehicles24 | - | €16k | €11k | €1k | €477 | ▼ 59.9% |
| Financial fixed assets28 | - | - | €550 | €550 | €500 | ▼ 9.1% |
| Current assets29/58 | €333k | €827k | €521k | €386k | €456k | ▲ 18.0% |
| Stocks and contracts in progress3 | €195k | €706k | €332k | €367k | €389k | ▲ 6.0% |
| Stocks30/36 | - | €639k | €289k | €367k | €389k | ▲ 6.0% |
| Contracts in progress37 | - | €67k | €43k | - | - | - |
| Amounts receivable within one year40/41 | €3k | €25k | €19k | €1k | €3k | ▲ 98.7% |
| Trade receivables40 | - | €19k | €1k | €381 | €381 | = |
| Other amounts receivable41 | - | €6k | €18k | €1k | €2k | ▲ 136% |
| Cash at bank and in hand54/58 | €12k | €86k | €164k | €13k | €63k | ▲ 389% |
| Deferred charges and accrued income490/1 | - | €9k | €5k | €4k | €291 | ▼ 93.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €778k | €1.12M | €786k | €603k | €462k | ▼ 23.4% |
| Equity10/15 | €140k | €137k | €189k | €111k | €117k | ▲ 5.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €98k | ▲ 5,164% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €98k | ▲ 5,164% |
| Profit (loss) carried forward14 | €128k | €116k | €169k | €91k | €862 | ▼ 99.1% |
| Amounts payable17/49 | €639k | €981k | €596k | €492k | €345k | ▼ 29.9% |
| Amounts payable after more than one year17 | €480k | €796k | €420k | €152k | €28k | ▼ 81.9% |
| Financial debts170/4 | - | €796k | €420k | €152k | €28k | ▼ 81.9% |
| Amounts payable within one year42/48 | €159k | €185k | €176k | €340k | €317k | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €22k | €22k | €322k | €7k | ▼ 97.7% |
| Financial debts43 | - | - | - | - | €300k | - |
| Credit institutions430/8 | - | - | - | - | €300k | - |
| Trade debts44 | €117k | €63k | €137k | €6k | €2k | ▼ 68.3% |
| Suppliers440/4 | - | €63k | €137k | €6k | €2k | ▼ 68.3% |
| Advances received on contracts in progress46 | - | - | - | €8k | €8k | = |
| Taxes, remuneration and social security45 | - | €30k | €17k | €278 | - | - |
| Taxes450/3 | - | €20k | €9k | €278 | - | - |
| Remuneration and social security454/9 | - | €9k | €8k | - | - | - |
| Other amounts payable47/48 | - | €71k | €599 | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €59k | €53k | €-78k | €96k | ▲ 223% |
| + Depreciation and write-downs630 | €24k | €28k | €30k | €13k | €4k | ▼ 65.4% |
| Operating cash flow (approximation) | €76k | €88k | €82k | €-66k | €100k | ▲ 253% |
| Investment in fixed assets (approximation) | - | €126k | €-4k | €35k | €206k | ▲ 486% |
| Change in cash | - | €74k | €78k | €-151k | €50k | ▲ 133% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-78k
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €150kEq €189k ▲38.6%
5 profitable years in a row build equity to €189k.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.10 to 4.47.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €100kEq €140k ▲60.3%
3 profitable years in a row build equity to €140k.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.06 to 2.61; short-term debt falls from €109k to €106k.
Show earlier events
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zoersel · 2 establishment units since 2016
Ground area
2,348 m²
Building footprint
410 m²
Volume, LiDAR
3,830 m³
2 parcels, Flanders · tallest building 21.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Gagelhoflaan 31, 2980 Zoersel
since 20162.250.052.877
Emiel De Backerlaan 15, 2970 Schilde
since 20232.340.903.968
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055D0114/00A006 | Flanders | 1,461 m² | 1 · 218 m² | 7.4 m · 1 fl. |
| 11039D0297/00E000 | Flanders | 886 m² | 1 · 192 m² | 20.9 m · 5 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.
Recognitions · licences · registrations
Dual-learning approval
3 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (so)
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,633. 1,365 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
Founded20-01-2016
Fiscal year end30-06
Abbreviation NL
LNCO
Activities, NACEBEL 2025
43240Other construction installation
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.