Lo-Build
ActiveSummary
Lo-Build has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,238 and a net result of -€39,319. Its solvency ranks better than 37% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-1
Solvency40▼-22
Growth32
Track record82
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.21 against 1.59 in 2024; short-term debt: 82.9% and cash: 1.1% of total assets), and 85.3% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€39,319
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
28 d early
2024
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€147,238▼ 21.1%
2024 · €186,557
Total assets
€1.0m▲ 99.2%
2024 · €504,233
Net result
-€39,319▼ 192%
2024 · -€13,443
Working capital
€171,663▼ 8.0%
2024 · €186,557
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€7,775--€14,849▼ 91.0%
Net result-€13,443below the sector's middle half--€39,319below the sector's middle half▼ 192%
Equity€186,557within the sector's middle half-€147,238within the sector's middle half▼ 21.1%
Total assets€504,233within the sector's middle half-€1.0mwithin the sector's middle half▲ 99.2%
Debt€317,676-€857,204▲ 170%
Working capital€186,557above the sector's middle half-€171,663above the sector's middle half▼ 8.0%
Solvency37.0%within the sector's middle half-14.7%within the sector's middle half▼ 22.3pp
Current ratio1.59within the sector's middle half-1.21within the sector's middle half▼ 0.38
Return on assets (ROA)-2.7%below the sector's middle half--3.9%below the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,849 in 2025 against €7,775 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.0m
Equity
€147,238 ▼ 21.1%
Debt
€857,204 ▲ 170%
Debt's share of the balance-sheet total rises from 63.0% to 85.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€14,849▼
2024 · -€5,932
Cash flow
-€39,319▼
2024 · -€11,601
Quick ratio
0.04▼
2024 · 0.05
Debt to equity
5.82▲
2024 · 1.70
ROE
-26.7%▼
2024 · -7.2%
Interest coverage
-0.61▲
2024 · -1.05
Debt ≤ 1 year
€832,779▲
2024 · €317,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
3.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,843 | €0 | ▼ 100% |
| Other operating charges640/8 | €387 | €527 | ▲ 36.0% |
| Gross operating margin9900 | -€5,545 | -€14,322 | ▼ 158% |
| Operating profit (loss)9901 | -€7,775 | -€14,849 | ▼ 91.0% |
| Financial charges65/66B | €5,669 | €24,470 | ▲ 332% |
| Recurring financial charges65 | €5,669 | €24,470 | ▲ 332% |
| Profit (loss) for the period before taxes9903 | -€13,443 | -€39,319 | ▼ 192% |
| Profit (loss) for the period9904 | -€13,443 | -€39,319 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | -€13,443 | -€39,319 | ▼ 192% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €504,233 | €1.0m | ▲ 99.2% |
| Current assets29/58 | €504,233 | €1.0m | ▲ 99.2% |
| Stocks and contracts in progress3 | €489,524 | €974,295 | ▲ 99.0% |
| Stocks30/36 | €489,524 | €974,295 | ▲ 99.0% |
| Amounts receivable within one year40/41 | €847 | €100 | ▼ 88.2% |
| Other amounts receivable41 | €847 | €100 | ▼ 88.2% |
| Cash at bank and in hand54/58 | €7,482 | €11,087 | ▲ 48.2% |
| Deferred charges and accrued income490/1 | €6,380 | €18,960 | ▲ 197% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €504,233 | €1.0m | ▲ 99.2% |
| Equity10/15 | €186,557 | €147,238 | ▼ 21.1% |
| Contributions10/11 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€13,443 | -€52,762 | ▼ 292% |
| Amounts payable17/49 | €317,676 | €857,204 | ▲ 170% |
| Amounts payable within one year42/48 | €317,676 | €832,779 | ▲ 162% |
| Trade debts44 | €12,051 | €7,154 | ▼ 40.6% |
| Suppliers440/4 | €12,051 | €7,154 | ▼ 40.6% |
| Other amounts payable47/48 | €305,625 | €825,625 | ▲ 170% |
| Accrued charges and deferred income492/3 | - | €24,425 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€13,443 | -€39,319 | ▼ 192% |
| + Depreciation and write-downs630 | €1,843 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€11,601 | -€39,319 | ▼ 239% |
| Change in cash | - | €3,606 | - |
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
28-09
State Gazette act
Resignation: Kris Hillewaert (director)Appointment: Isabel Vandeputte (director) · Director discharge · Power of attorney17 facts ▸
State Gazette act
Resignation: Kris Hillewaert (director)
Appointment: Isabel Vandeputte (director) · Director discharge · Power of attorney17 facts ▸
- General meeting, 22-07-2026
- Director resignation, Kris Hillewaert (director)
- Director discharge, Kris Hillewaert
- Director appointment, Isabel Vandeputte (director)
- Board composition, Patrick Hillewaere (director)
- Board composition, Guy Verhavert (director)
- Board composition, Isabel Vandeputte (director)
- Power of attorney, Moore Finance & Tax BV
- Power of attorney, Tanja De Naeyer
- Power of attorney, Dominique Jaminet
- Power of attorney, Valira Baleci
- Power of attorney, Marie Decloedt
- +5 further facts in this act
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Isabel Vandeputte
CurrentDirector · since 22-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hamme (Vl.) · 1 establishment unit since 2024
Ground area
4,734 m²
Building footprint
1,532 m²
Volume, LiDAR
8,254 m³
Parcel 42452C0148/00F000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Lo-Build
since 20242.359.630.611
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0148/00F000 | Flanders | 4,734 m² | 1 · 1,532 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Isabel Vandeputte |
|
| Kris Hillewaert |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,352 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
Founded08-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:1009240458
Also
9925:BE1009240458
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.