Equity
LS CONSTRUCT has made a profit without a break since 2021.
LS CONSTRUCT has made a profit without a break since 2021.
The micro format states no turnover.
Green is investment, beige is depreciation.
In 2025, 1 person joined and 3 left.
The 2020 accounts came latest: 74 days after the end of the period.
Higher gross margin than 95% of companies in construction of buildings. Sector median €32,132 · 9,438 companies.
The dashed line is the sector median: 1.5% across 13,459 companies (NACE 41, micro).
About 1 in 100 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 41, micro). It does better than 46% of them on solvency, 22% on liquidity, 48% on profitability and 54% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 10,904 companies had the same profile as LS CONSTRUCT has now. Each dot stands for 28 companies, two years later.
The bankruptcy probability of LS CONSTRUCT itself is higher: 1.1% within 12 months. It rests on far more data about LS CONSTRUCT than the profile alone.
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 10,904 companies, not a prediction for LS 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 1.43 (1.61 in 2024), below the usual 1.5. Short-term debt is 61.6% and cash 7.2% of total assets. 61.6% 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 after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LS CONSTRUCT Binche | - | - | 38.4% | - |
| ENTREPRISE CHIF ERIC Anderlues | - | - | 29.8% | - |
| TLC BATIMENT Anderlues | - | - | 6.2% | - |
| Pharsalus Construct Zemst | €1.0m | 3.4% | 69.0% | - |
| S BLANC CAILLOUX Forest | €1.6m | 1.3% | 28.4% | - |
| DEBRY C. Mettet | - | - | 42.3% | - |
| K&O Projects Bonheiden | - | - | 51.2% | - |
These companies have the same main activity as LS CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €293,000 and €340,000, founded between 2014 and 2016.
LS CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from -€11,160 in 2016 to €260,834 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €590,000. Estimated: probably between €470,000 and €940,000.
Higher than 45% of 9,452 companies in 2025.
Higher than 41% of 9,200 companies in 2025.
Higher than 40% of 9,272 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 3 left. Training hours in 2025: 560.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
306,890 | 249,249 | 116,424 | 138,981 | 123,911 | 40,049 | 40,049 | 41,711 | 43,168 | 41,116 | |
21/28 |
35,498 | 23,853 | 22,501 | 10,905 | - | - | - | - | - | - | |
22/27 |
34,648 | 23,003 | 21,651 | 10,055 | - | - | - | - | - | - | |
23 |
3,331 | - | - | - | - | - | - | - | - | - | |
24 |
31,317 | 23,003 | 21,651 | 10,055 | - | - | - | - | - | - | |
28 |
850 | 850 | 850 | 850 | - | - | - | - | - | - | |
29/58 |
271,392 | 225,396 | 93,923 | 128,076 | 123,911 | 40,049 | 40,049 | 41,711 | 43,168 | 41,116 | |
3 |
20,900 | 55,039 | 16,259 | 42,094 | - | - | - | - | - | - | |
30/36 |
20,900 | 55,039 | 16,259 | 42,094 | - | - | - | - | - | - | |
40/41 |
228,330 | 140,306 | 63,537 | 62,200 | 88,415 | 38,508 | 38,508 | 39,206 | 39,206 | 39,614 | |
40 |
160,836 | 91,111 | 8,984 | 36,516 | 57,219 | 15,404 | 15,404 | 15,404 | 15,404 | 15,404 | |
41 |
67,494 | 49,195 | 54,553 | 25,685 | 31,196 | 23,104 | 23,104 | 23,802 | 23,802 | 24,210 | |
54/58 |
22,162 | 9,532 | 7,927 | 563 | 35,496 | 1,541 | 1,541 | 2,505 | 3,962 | 1,502 | |
490/1 |
- | 20,519 | 6,200 | 23,218 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
306,890 | 249,249 | 116,424 | 138,981 | 123,911 | 40,049 | 40,049 | 41,711 | 43,168 | 41,116 | |
10/15 |
117,725 | 107,209 | 86,894 | 82,656 | 59,217 | 26,004 | 26,014 | 27,991 | 29,634 | 38,146 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | |
13 |
30,831 | 20,315 | - | - | - | - | - | - | - | - | |
133 |
30,831 | 20,315 | - | - | - | - | - | - | - | - | |
14 |
36,894 | 36,894 | 36,894 | 32,656 | 9,217 | -23,996 | -23,986 | -22,009 | -20,366 | -11,854 | |
17/49 |
189,165 | 142,040 | 29,530 | 56,325 | 64,694 | 14,045 | 14,035 | 13,720 | 13,534 | 2,970 | |
17 |
- | 958 | 3,120 | - | - | - | - | - | - | - | |
170/4 |
- | 958 | 3,120 | - | - | - | - | - | - | - | |
42/48 |
189,165 | 139,948 | 25,275 | 54,325 | 64,694 | 14,045 | 14,035 | 13,720 | 13,534 | 2,970 | |
42 |
958 | 2,163 | 1,965 | - | - | - | - | - | - | - | |
43 |
- | - | - | 1,554 | - | - | - | - | - | - | |
430/8 |
- | - | - | 1,554 | - | - | - | - | - | - | |
44 |
161,347 | 93,916 | 12,594 | 42,775 | 32,782 | 511 | 501 | 187 | - | - | |
440/4 |
161,347 | 93,916 | 12,594 | 42,775 | 32,782 | 511 | 501 | 187 | - | - | |
45 |
26,861 | 22,363 | 10,716 | 9,791 | 31,911 | - | - | - | - | - | |
450/3 |
24,928 | 14,084 | 6,197 | 7,647 | 30,734 | - | - | - | - | - | |
454/9 |
1,933 | 8,279 | 4,519 | 2,144 | 1,177 | - | - | - | - | - | |
47/48 |
- | 21,505 | - | 204 | - | 13,534 | 13,534 | 13,533 | 13,534 | 2,970 | |
492/3 |
- | 1,135 | 1,135 | 2,000 | - | - | - | - | - | - | |
| Income statement | |||||||||||
9900 |
260,834 | 178,501 | 191,844 | 129,819 | 83,810 | - | -1,638 | -1,441 | -1,985 | -11,160 | |
62 |
225,739 | 134,079 | 174,054 | 101,636 | 21,638 | - | - | - | - | - | |
630 |
12,536 | 7,557 | 4,929 | 557 | - | - | - | - | - | - | |
640/8 |
2,115 | 2,786 | 2,420 | 587 | 541 | - | - | - | 203 | 1,020 | |
66A |
- | - | - | - | 15,404 | - | - | - | 6,200 | - | |
9901 |
20,444 | 34,080 | 10,441 | 27,039 | 46,227 | - | -1,638 | -1,441 | -8,388 | -12,180 | |
75/76B |
26 | 144 | 1 | 10 | - | - | - | - | - | 381 | |
75 |
26 | 144 | 1 | 10 | - | - | - | - | - | 381 | |
65/66B |
1,729 | 923 | 1,985 | 191 | 239 | - | 339 | 202 | 124 | 55 | |
65 |
1,729 | 923 | 646 | 191 | 239 | - | 339 | 202 | 124 | 55 | |
66B |
- | - | 1,339 | - | - | - | - | - | - | - | |
9903 |
18,741 | 33,301 | 8,457 | 26,859 | 45,989 | - | -1,977 | -1,643 | -8,512 | -11,854 | |
67/77 |
8,225 | 12,986 | 4,219 | 3,420 | 12,775 | - | - | - | - | - | |
9904 |
10,516 | 20,315 | 4,238 | 23,439 | 33,213 | - | -1,977 | -1,643 | -8,512 | -11,854 | |
9905 |
10,516 | 20,315 | 4,238 | 23,439 | 33,213 | - | -1,977 | -1,643 | -8,512 | -11,854 | |
| Appropriation of the result | |||||||||||
9906 |
47,410 | 57,209 | 36,894 | 32,656 | 9,217 | -23,996 | -23,986 | -22,009 | -20,366 | -11,854 | |
14P |
36,894 | 36,894 | 32,656 | 9,217 | -23,996 | - | - | - | - | - | |
691/2 |
10,516 | 20,315 | - | - | - | - | - | - | - | - | |
6921 |
10,516 | 20,315 | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
5.4 | 6.2 | 6 | 3.5 | 1.2 | - | - | - | - | - | |
Hours worked1013 |
5,740 | 4,332 | 7,448 | 4,050 | 728 | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
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, 2026-00500131.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00500131 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00478468 | |
| 31-12-2023 | micro format | 11-09-2024 | 2024-00459400 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00338043 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20104606 | |
| 31-12-2020 | micro format | 13-10-2021 | 2021-71900544 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-45200194 | |
| 31-12-2018 | micro format | 03-09-2019 | 2019-62700033 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67500541 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-58900182 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 32,980 | 41,637 | 15,370 | 27,597 | - | - | - | - | - | - | ||
| 23,052 | 27,872 | 9,167 | 23,996 | - | - | - | - | - | - | ||
| 24,181 | 8,909 | 16,525 | 11,463 | - | - | - | - | - | - | ||
| 12,630 | 1,605 | 7,364 | -34,932 | 33,955 | -0 | -964 | -1,457 | 2,460 | - | ||
| 82,227 | 85,448 | 68,648 | 73,751 | 59,217 | 26,004 | 26,014 | 27,991 | 29,634 | 38,146 | ||
| 38.4% | 43.0% | 74.6% | 59.5% | 47.8% | 64.9% | 65.0% | 67.1% | 68.6% | 92.8% | ||
| 1.43 | 1.61 | 3.72 | 2.36 | 1.92 | 2.85 | 2.85 | 3.04 | 3.19 | 13.84 | ||
| 1.32 | 1.22 | 3.07 | 1.58 | 1.92 | 2.85 | 2.85 | 3.04 | 3.19 | 13.84 | ||
| 1.61 | 1.32 | 0.34 | 0.68 | 1.09 | 0.54 | 0.54 | 0.49 | 0.46 | 0.08 | ||
| 8.9% | 18.9% | 4.9% | 28.4% | 56.1% | - | -7.6% | -5.9% | -28.7% | -31.1% | ||
| 3.4% | 8.2% | 3.6% | 16.9% | 26.8% | - | -4.9% | -3.9% | -19.7% | -28.8% | ||
| 19.07 | 45.11 | 23.80 | over 100 | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 7 | 7 | 6 | 2 |
| full-time | 5 | 6 | 6 | 5 | 2 |
| part-time | - | 1 | 1 | 1 | - |
| in full-time equivalents | 5 | 6.4 | 6.4 | 5.4 | 2 |
| 5.4 | 6.2 | 6 | 3.5 | 1.2 | |
| On a permanent contract | 4 | - | 6 | 6 | 2 |
| Joined | 1 | 2 | 8 | 7 | - |
| Left | 3 | 2 | 7 | 3 | - |
| Training hours | 560 | 1,064 | 2,496 | 600 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,181 | €8,909 | €16,525 | €10,613 | - |
| Financial fixed assets | - | - | - | €850 | - |
| €12,536 | €7,557 | €4,929 | €557 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 40% lower than in 2024.
Debt's share of the balance-sheet total rises from 57.0% to 61.6%. Equity and debt are higher.
LS CONSTRUCT has no parent and no holdings in its annual accounts. LS CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Rue de Merbes 272 registered office 7133 Binche | 17-02-2015 | 2.239.219.363 |
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 0589.980.031
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