Equity
LN-CONSTRUCT paid out €90,000 in dividends. That is 94% of the 2025 profit.
LN-CONSTRUCT paid out €90,000 in dividends. That is 94% of the 2025 profit.
Back in profit in 2025, after a loss of €78,094 in 2024.
The accounts state no turnover.
Of this, €317,216 falls due within a year.
Mortgage mandates, new in 2025. 2.3 times equity · not in the 2024 accounts.
The last five annual accounts were filed 0 to 35 days before the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 27% of them on solvency, 19% on liquidity, 65% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 2,609 companies had the same profile as LN-CONSTRUCT has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of LN-CONSTRUCT itself: 0.3% within 12 months.
The method was tested on the 497,447 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 2,609 companies, not a prediction for LN-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.
Liquidity is tight, with a current ratio of 1.44 (1.13 in 2024), below the usual 1.5. Short-term debt is 68.6% and cash 13.7% of total assets. 74.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 26 days before 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.
| Company | ||||
|---|---|---|---|---|
| LN-CONSTRUCT Zoersel | €462,108 | €142,352 | 25.4% | - |
| VACOMO Wingene | €479,510 | €127,136 | 51.1% | - |
| BUK Anderlecht | €521,980 | €121,841 | 72.7% | - |
| Stijn Tiebos Sint-Katelijne-Waver | €419,983 | €93,698 | 15.6% | - |
| SYL.TEAM Bornem | €301,882 | €133,986 | 42.8% | - |
| GEMYLOR Sint-Pieters-Leeuw | €375,396 | €134,979 | 40.9% | - |
| VANREEPINGHEN PASCAL Haaltert | €497,494 | €138,172 | 38.2% | - |
These companies have the same main activity as LN-CONSTRUCT: other construction installation (NACE 43240). They are comparable in size and age: total assets between €302,000 and €522,000, founded between 2013 and 2016.
LN-CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €126,517 in 2017 to €142,352 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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.
Higher than 27% of 9,967 companies in 2025.
Higher than 39% of 9,830 companies in 2025.
Higher than 87% of 9,899 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| 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.
| 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 |
| 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.
| 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
| 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)
| 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)
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.
LN-CONSTRUCT has no parent and no holdings in its annual accounts. LN-CONSTRUCT shares no director with another company.
| EUGEEN GROUP
registered office since 04-03-2026 |
founded in 2026 1035.136.290 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Gagelhoflaan 31 registered office 2980 Zoersel 4100101 General construction of residential buildings | 20-01-2016 | 2.250.052.877 |
| Emiel De Backerlaan 15 2970 Schilde 4100101 General construction of residential buildings | 01-01-2023 | 2.340.903.968 |
| 19-08-2024 | Granted | Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen; Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 15-04-2024 · project 2024054417 | Schilde |
| 24-10-2022 | Granted | Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen submitted 24-08-2022 · project 2022113549 | Stabroek |
| 02-06-2022 | Granted | Bouwen of herbouwen submitted 07-05-2022 · project 2022065805 | Wijnegem |
| 21-09-2020 | Granted | Bouwen of herbouwen submitted 14-08-2020 · project 2020096179 | Zoersel |
| 16-04-2020 | Granted | Bouwen of herbouwen submitted 18-02-2020 · project 2020021769 | Wijnegem |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11055D0114/00A006 | 1,461 m² | 1 · 218 m² | 7.4 m · 1 |
| 11039D0297/00E000 | 886 m² | 1 · 192 m² | 20.9 m · 5 |
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 0646.816.685
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