LN-CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 30-01-2026, 1 day before the deadline€142,352
▲ €166,312
€133,327
▲ €200,853
€96,059
▲ €174,153
€138,360
▲ 202%
25.4%
▲ 6.9 percentage points
1.44
▲ 0.30
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €460,000. Estimated: probably between €370,000 and €660,000.
Balance sheet
balance sheet total €462,108 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
25.4%
Higher than 27% of 9,967 companies in 2025.
1.44
Higher than 39% of 9,830 companies in 2025.
20.8%
Higher than 87% of 9,899 companies in 2025.
LN-CONSTRUCT
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
462,108 | 603,235 | 785,528 | 1.1m | 778,484 | 513,109 | 364,901 | 352,242 | 159,623 | |
21/28 |
6,532 | 217,221 | 265,016 | 290,857 | 445,555 | 237,826 | 249,872 | 268,623 | 41,823 | |
21 |
- | - | 331 | 1,006 | 1,681 | 864 | - | 277 | 829 | |
22/27 |
6,032 | 216,671 | 264,135 | 289,852 | 443,875 | 236,962 | 249,872 | 268,346 | 40,994 | |
22 |
- | 206,294 | 212,538 | 218,781 | 367,702 | 231,269 | 237,513 | 243,756 | - | |
23 |
5,555 | 9,186 | 40,955 | 54,770 | 54,855 | 3,954 | 8,387 | 14,363 | 23,750 | |
24 |
477 | 1,191 | 10,642 | 16,300 | 21,318 | 1,739 | 3,972 | 10,227 | 17,243 | |
28 |
500 | 550 | 550 | - | - | - | - | - | - | |
29/58 |
455,576 | 386,014 | 520,512 | 827,001 | 332,929 | 275,283 | 115,030 | 83,619 | 117,800 | |
3 |
389,319 | 367,404 | 331,941 | 706,377 | 313,384 | 240,558 | 86,100 | 7,347 | 17,574 | |
30/36 |
389,319 | 367,404 | 288,680 | 639,154 | 195,000 | 195,000 | - | - | - | |
37 |
- | - | 43,262 | 67,222 | 118,384 | 45,558 | 86,100 | 7,347 | 17,574 | |
40/41 |
2,744 | 1,381 | 19,289 | 25,180 | 2,521 | 11,179 | 4,605 | 30,007 | 20,612 | |
40 |
381 | 381 | 1,430 | 18,898 | 2,521 | 5,112 | 305 | 18,635 | 20,612 | |
41 |
2,363 | 1,000 | 17,859 | 6,282 | - | 6,067 | 4,301 | 11,372 | - | |
54/58 |
63,222 | 12,923 | 164,406 | 85,950 | 12,404 | 22,497 | 22,770 | 46,265 | 79,614 | |
490/1 |
291 | 4,306 | 4,875 | 9,494 | 4,619 | 1,050 | 1,554 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
462,108 | 603,235 | 785,528 | 1.1m | 778,484 | 513,109 | 364,901 | 352,242 | 159,623 | |
10/15 |
117,381 | 111,322 | 189,416 | 136,653 | 139,894 | 87,246 | 64,732 | 42,883 | 33,893 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 8,600 | 8,600 | 8,600 | 8,600 | |
13 |
97,919 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | - | - | - | - | |
133 |
97,919 | 1,860 | 1,860 | - | - | - | - | - | - | |
14 |
862 | 90,862 | 168,956 | 116,193 | 128,034 | 75,386 | 52,872 | 31,023 | 22,033 | |
17/49 |
344,727 | 491,913 | 596,111 | 981,205 | 638,590 | 425,863 | 300,170 | 309,359 | 125,729 | |
17 |
27,512 | 151,664 | 420,041 | 796,280 | 479,714 | 320,362 | 191,257 | 215,874 | 38,040 | |
170/4 |
27,512 | 151,664 | 420,041 | 796,280 | 479,714 | 320,362 | 191,257 | 215,874 | 38,040 | |
42/48 |
317,216 | 340,249 | 176,070 | 184,925 | 158,876 | 105,501 | 108,913 | 93,485 | 87,690 | |
42 |
7,255 | 322,378 | 21,964 | 21,559 | 24,343 | 21,044 | 24,617 | 22,166 | 12,360 | |
43 |
300,120 | - | - | - | - | - | - | - | - | |
430/8 |
300,120 | - | - | - | - | - | - | - | - | |
44 |
1,884 | 5,937 | 136,586 | 62,601 | 116,887 | 68,737 | 36,457 | 49,566 | 46,899 | |
440/4 |
1,884 | 5,937 | 136,586 | 62,601 | 116,887 | 68,737 | 36,457 | 49,566 | 46,899 | |
46 |
7,957 | 7,957 | - | - | - | - | - | - | - | |
45 |
- | 278 | 16,921 | 29,765 | 11,578 | 3,289 | 28,067 | 5,984 | 16,484 | |
450/3 |
- | 278 | 8,517 | 20,362 | 11,511 | 3,223 | 27,616 | 5,789 | 13,593 | |
454/9 |
- | - | 8,403 | 9,403 | 67 | 66 | 452 | 195 | 2,891 | |
47/48 |
- | 3,699 | 599 | 71,000 | 6,068 | 12,430 | 19,771 | 15,769 | 11,946 | |
| Income statement | ||||||||||
76A |
177,559 | 14,000 | 277,940 | 44,500 | - | - | - | - | - | |
9900 |
142,352 | -23,960 | 197,803 | 255,905 | 199,933 | 169,663 | 154,402 | 181,161 | 126,517 | |
62 |
- | 19,295 | 57,123 | 97,127 | 96,993 | 113,393 | 84,727 | 108,697 | 56,375 | |
630 |
4,345 | 12,565 | 29,585 | 28,344 | 23,827 | 15,495 | 25,170 | 54,836 | 32,069 | |
631/4 |
- | - | - | 1,594 | - | - | - | - | - | |
640/8 |
4,680 | 4,821 | 17,949 | 30,623 | 2,496 | 3,985 | 2,045 | 2,498 | 2,681 | |
66A |
- | 6,886 | - | - | - | - | - | - | - | |
9901 |
133,327 | -67,526 | 93,146 | 98,217 | 76,617 | 36,789 | 42,461 | 15,130 | 35,392 | |
75/76B |
2,767 | 12,707 | 138 | 197 | 1,067 | 172 | 212 | 4,023 | 444 | |
75 |
2,767 | 869 | 138 | 197 | 1,067 | 172 | 212 | 4,023 | 444 | |
76B |
- | 11,838 | - | - | - | - | - | - | - | |
65/66B |
30,191 | 23,275 | 22,297 | 19,411 | 9,463 | 6,251 | 5,947 | 5,194 | 1,194 | |
65 |
30,191 | 23,275 | 20,624 | 12,985 | 9,463 | 6,251 | 5,947 | 5,194 | 1,194 | |
66B |
- | - | 1,673 | 6,426 | - | - | - | - | - | |
9903 |
105,903 | -78,094 | 70,986 | 79,003 | 68,221 | 30,711 | 36,726 | 13,959 | 34,642 | |
67/77 |
9,844 | - | 18,223 | 19,844 | 15,574 | 8,196 | 7,877 | 4,970 | 10,749 | |
9904 |
96,059 | -78,094 | 52,764 | 59,159 | 52,647 | 22,515 | 28,849 | 8,989 | 23,893 | |
9905 |
96,059 | -78,094 | 52,764 | 59,159 | 52,647 | 22,515 | 28,849 | 8,989 | 23,893 | |
| Appropriation of the result | ||||||||||
9906 |
186,921 | 90,862 | 168,956 | 187,193 | 128,034 | 75,386 | 59,872 | 31,023 | 23,893 | |
14P |
90,862 | 168,956 | 116,193 | 128,034 | - | - | - | - | - | |
691/2 |
96,059 | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
96,059 | - | - | - | - | - | - | - | - | |
694/7 |
90,000 | - | - | 71,000 | - | - | 7,000 | - | - | |
694 |
90,000 | - | - | 71,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 7,000 | - | - | |
| Social balance sheet | ||||||||||
9087 |
- | 1.4 | 1.3 | 2.1 | 2.3 | 2.8 | 2.4 | - | 2.5 | |
Hours worked1013 |
- | 584 | 1,924 | 3,020 | 3,557 | 4,248 | 3,445 | - | 3,816 | |
| Document | ||||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00032711 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00022844 | |
| 30-06-2023 | abbreviated format | 27-12-2023 | 2023-00537257 | |
| 30-06-2022 | abbreviated format | 27-12-2022 | 2022-20546749 | |
| 30-06-2021 | abbreviated format | 30-12-2021 | 2021-82400257 | |
| 30-06-2020 | abbreviated format | 22-12-2020 | 2020-76900543 | |
| 30-06-2019 | micro format | 24-12-2019 | 2019-77400286 | |
| 30-06-2018 | micro format | 13-12-2018 | 2018-74400196 | |
| 30-06-2017 | micro format | 21-12-2017 | 2017-72700461 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 137,672 | -54,961 | 122,731 | 126,561 | 100,444 | 52,285 | 67,631 | 69,966 | 67,461 | ||
| 100,404 | -65,529 | 82,349 | 87,503 | 76,474 | 38,010 | 54,019 | 63,825 | 55,962 | ||
| -206,344 | -35,230 | 3,743 | 16,323 | 231,556 | 3,450 | 6,419 | 281,635 | 73,892 | ||
| 50,299 | -151,483 | 78,456 | 73,545 | -10,093 | -273 | -23,495 | -33,348 | - | ||
| 138,360 | 45,765 | 344,442 | 642,076 | 174,052 | 169,783 | 6,117 | -9,866 | 30,110 | ||
| 25.4% | 18.5% | 24.1% | 12.2% | 18.0% | 17.0% | 17.7% | 12.2% | 21.2% | ||
| 1.44 | 1.13 | 2.96 | 4.47 | 2.10 | 2.61 | 1.06 | 0.89 | 1.34 | ||
| 0.21 | 0.05 | 1.07 | 0.65 | 0.12 | 0.33 | 0.27 | 0.82 | 1.14 | ||
| 2.94 | 4.42 | 3.15 | 7.18 | 4.56 | 4.88 | 4.64 | 7.21 | 3.71 | ||
| 81.8% | -70.2% | 27.9% | 43.3% | 37.6% | 25.8% | 44.6% | 21.0% | 70.5% | ||
| 20.8% | -12.9% | 6.7% | 5.3% | 6.8% | 4.4% | 7.9% | 2.6% | 15.0% | ||
| 4.56 | -2.36 | 5.95 | 9.75 | - | - | - | - | - |
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 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 2 |
| full-time | - | 1 | 2 |
| in full-time equivalents | - | 1 | 2 |
| 0.4 | 1.3 | 2.1 | |
| On a permanent contract | - | 1 | 2 |
| Joined | 0 | 0 | 1 |
| Left | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €442,005 | €817,839 |
| Mortgages, amount registered | €27,500 | €268,400 | €446,000 | €791,000 |
| €268,400 | - | - | - | |
| Carrying value of the mortgaged assets | €389,319 | €27,500 | €501,207 | €857,935 |
| €269,000 | €269,000 | - | - | |
| Carrying value of the other pledged assets | - | - | €35,515 | €50,855 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,193 | €16,323 |
| Financial fixed assets | - | - | €550 | - |
| €4,345 | €12,565 | €29,585 | €28,344 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on LN-CONSTRUCT
The operating result for 2025 is a profit of €133,327, after a loss of €67,526 in 2024. It is the highest result since 2017.
Debt's share of the balance-sheet total falls from 81.5% to 74.6%. Equity is higher and debt is lower.