LS CONSTRUCTION
Annual accounts 2025
micro format, filed on 16-07-2026, 15 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €280,000. Estimated: probably between €150,000 and €500,000.
Balance sheet
balance sheet total €126,305 on 31-12-2025in euro
in euro
Position in the sector
41.2%
Higher than 48% of 10,152 companies in 2025.
1.55
Higher than 46% of 9,863 companies in 2025.
9.4%
Higher than 56% of 9,951 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€10,507
Staff costs divided by the average number of full-time equivalents.
Training hours in 2025: 880.
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 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
126,305 | 69,204 | 86,826 | 57,091 | 101,760 | 118,835 | 78,536 | 40,491 | 34,570 | 36,166 | 44,836 | 52,391 | 88,490 | 105,791 | 6,628 | 23,233 | 27,752 | 25,837 | 21,293 | 18,751 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | 170 | 340 | 511 | - | - | - | - | - | - | |
21/28 |
68,273 | 11,853 | 19,108 | 26,092 | 36,565 | 26,830 | 30,333 | 4,638 | 5,943 | 9,853 | 6,309 | 11,128 | 17,354 | 20,490 | - | 2,337 | 3,494 | 6,317 | 426 | 9,003 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 113 | 225 | 338 | - | - | - | - | - | - | |
22/27 |
67,273 | 10,853 | 18,108 | 25,092 | 35,565 | 25,830 | 29,333 | 3,638 | 4,943 | 8,853 | 5,309 | 9,846 | 15,789 | 18,642 | - | 337 | 3,475 | 6,297 | 406 | 8,983 | |
23 |
10,510 | 5,081 | 4,814 | 4,159 | 6,048 | 7,148 | 6,399 | 1,812 | 1,122 | 2,747 | 4,438 | 7,620 | 8,182 | 6,387 | - | 337 | 475 | 297 | - | 140 | |
24 |
56,763 | 5,773 | 13,293 | 20,933 | 29,517 | 18,682 | 22,934 | 1,826 | 3,820 | 6,106 | 871 | 2,226 | 7,607 | 12,255 | - | - | 3,000 | 6,000 | 406 | 8,843 | |
28 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | - | 2,000 | 20 | 20 | 20 | 20 | |
29/58 |
58,032 | 57,351 | 67,718 | 30,999 | 65,195 | 92,005 | 48,203 | 35,853 | 28,627 | 26,312 | 38,527 | 41,263 | 71,136 | 85,301 | 6,628 | 20,896 | 24,257 | 19,520 | 20,867 | 9,748 | |
3 |
15,468 | 12,815 | 8,079 | 9,450 | 4,475 | 4,650 | 4,850 | 3,740 | 3,995 | 4,331 | 3,336 | 1,015 | 4,137 | 24,455 | - | - | - | - | - | - | |
30/36 |
15,468 | 12,815 | 8,079 | 9,450 | 4,475 | 4,650 | 4,850 | 3,740 | 3,995 | 4,331 | 3,336 | 1,015 | 4,137 | 24,455 | - | - | - | - | - | - | |
40/41 |
28,328 | 29,913 | 49,700 | 17,235 | 57,089 | 83,738 | 35,121 | 23,849 | 22,939 | 17,802 | 32,139 | 38,854 | 64,413 | 56,204 | 1,438 | 20,287 | 24,141 | 19,377 | 12,411 | 8,548 | |
40 |
18,006 | 25,182 | 47,830 | 16,842 | 56,883 | 74,753 | 29,162 | 21,786 | 17,777 | 17,578 | 23,077 | 28,708 | 57,581 | 49,272 | - | 16,504 | 22,326 | 11,932 | 10,817 | - | |
41 |
10,323 | 4,731 | 1,870 | 393 | 206 | 8,986 | 5,959 | 2,063 | 5,162 | 224 | 9,062 | 10,146 | 6,832 | 6,932 | 1,438 | 3,784 | 1,815 | 7,445 | 1,593 | 8,548 | |
54/58 |
10,152 | 10,127 | 9,006 | 3,844 | 903 | 3,084 | 7,770 | 8,264 | 1,694 | 2,996 | 1,657 | - | 1,177 | 2,659 | 5,190 | 196 | 117 | 143 | 8,254 | 819 | |
490/1 |
4,084 | 4,496 | 933 | 470 | 2,728 | 533 | 462 | - | - | 1,184 | 1,396 | 1,394 | 1,409 | 1,983 | - | 412 | - | - | 202 | 381 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
126,305 | 69,204 | 86,826 | 57,091 | 101,760 | 118,835 | 78,536 | 40,491 | 34,570 | 36,166 | 44,836 | 52,391 | 88,490 | 105,791 | 6,628 | 23,233 | 27,752 | 25,837 | 21,293 | 18,751 | |
10/15 |
52,002 | 40,162 | 40,132 | 8,291 | -16,258 | -63,964 | 32,926 | 17,846 | 15,896 | 16,147 | 9,456 | 21,779 | 21,182 | 18,298 | 6,628 | 7,889 | 6,473 | -4,011 | 10,138 | 2,196 | |
10/11 |
20,451 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
31,330 | 21,359 | 21,359 | 7,859 | 7,859 | 7,859 | 7,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 801 | 801 | 801 | 801 | 801 | 801 | 801 | |
130/1 |
- | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 801 | 801 | 801 | 801 | 801 | 801 | 801 | |
1311 |
- | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
31,330 | 19,500 | 19,500 | 6,000 | 6,000 | 6,000 | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
221 | 211 | 181 | -18,160 | -42,709 | -90,415 | 6,475 | -2,605 | -4,556 | -4,304 | -10,995 | 1,328 | 731 | -1,095 | -12,765 | -11,504 | -12,920 | -23,404 | -9,254 | -17,197 | |
17/49 |
74,303 | 29,042 | 46,694 | 48,799 | 118,018 | 182,799 | 45,610 | 22,646 | 18,674 | 20,018 | 35,380 | 30,612 | 67,308 | 87,494 | - | 15,344 | 21,278 | 29,848 | 11,154 | 16,555 | |
17 |
36,923 | - | 418 | 5,398 | 12,907 | 8,803 | 14,933 | - | - | - | - | 1,408 | 6,908 | 12,621 | - | - | - | - | - | - | |
170/4 |
36,923 | - | 418 | 5,398 | 12,907 | 8,803 | 14,933 | - | - | - | - | 1,408 | 6,908 | 12,621 | - | - | - | - | - | - | |
42/48 |
37,380 | 29,042 | 46,275 | 42,262 | 105,111 | 173,995 | 30,439 | 22,507 | 18,460 | 20,018 | 35,380 | 29,204 | 60,017 | 70,989 | - | 15,344 | 21,278 | 29,848 | 11,154 | 16,555 | |
42 |
9,767 | 418 | 4,980 | 7,509 | 11,031 | 6,130 | 6,060 | - | - | - | 1,408 | 5,500 | 5,295 | 4,681 | - | - | - | - | - | 8,148 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 4,696 | - | - | - | - | 669 | 2,193 | - | 6,643 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | 4,696 | - | - | - | - | 669 | 2,193 | - | 6,643 | |
44 |
24,423 | 26,356 | 24,140 | 14,871 | 30,647 | 28,835 | 2,720 | 4,404 | 2,900 | 3,758 | 7,637 | 4,443 | 3,866 | 3,387 | - | 2,693 | 5,630 | 8,132 | 7,238 | 1,682 | |
440/4 |
24,423 | 26,356 | 24,140 | 14,871 | 30,647 | 28,835 | 2,720 | 4,404 | 2,900 | 3,758 | 7,637 | 4,443 | 3,866 | 3,387 | - | 2,693 | 5,630 | 8,132 | 7,238 | 1,682 | |
45 |
3,188 | 2,152 | 16,304 | 10,229 | 38,334 | 118,317 | 8,193 | 1,772 | 717 | 400 | 400 | 400 | 3,611 | 3,577 | - | 417 | 2,414 | 93 | 2,241 | 83 | |
450/3 |
2,221 | 1,656 | 15,948 | 10,229 | 38,334 | 118,317 | 8,193 | 1,772 | 717 | 400 | 400 | 400 | 3,611 | 3,577 | - | 417 | 2,414 | 93 | 2,241 | 83 | |
454/9 |
967 | 496 | 356 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
3 | 115 | 852 | 9,653 | 25,098 | 20,714 | 13,466 | 16,331 | 14,843 | 15,860 | 25,936 | 14,165 | 47,244 | 59,344 | - | 12,234 | 12,565 | 19,429 | 1,676 | - | |
492/3 |
- | - | - | 1,139 | - | - | 238 | 139 | 214 | - | - | - | 384 | 3,884 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,785 | - | - | 8,000 | - | - | |
9900 |
39,731 | 18,388 | 66,520 | 47,814 | 64,149 | 25,831 | 35,654 | 7,531 | 5,199 | 14,239 | 12,562 | 12,196 | 14,416 | 24,151 | -6,046 | 7,105 | 15,654 | -15,439 | 20,910 | 13,618 | |
62 |
10,507 | 4,253 | 4,706 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
8,840 | 10,478 | 11,090 | 11,060 | 10,955 | 6,838 | 8,377 | 3,042 | 3,911 | 5,296 | 4,819 | 9,735 | 9,043 | 7,861 | - | 3,137 | 3,137 | 3,480 | 8,577 | 8,577 | |
631/4 |
- | - | 945 | - | - | 30 | 2,954 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,101 | 969 | 2,308 | 4,130 | 4,317 | 118,391 | 1,670 | 1,092 | 636 | 2,110 | 18,939 | 1,070 | 643 | 583 | 34 | 995 | 1,035 | 1,782 | 3,102 | 3,060 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 92 | 190 | 180 | 227 | 75 | - | |
9901 |
19,282 | 2,688 | 47,471 | 32,624 | 48,877 | -99,427 | 22,653 | 3,397 | 652 | 6,834 | -11,196 | 1,390 | 4,730 | 15,706 | -6,080 | 2,973 | 11,482 | -20,702 | 9,230 | 1,980 | |
75/76B |
0 | 1 | 62 | 4 | 182 | 859 | 35 | 1 | 104 | 110 | 51 | - | 129 | 19 | 2 | 42 | - | - | 1 | 159 | |
75 |
0 | 1 | 62 | 4 | 182 | 859 | 35 | 1 | 104 | 110 | 51 | - | 129 | 19 | 2 | 42 | - | - | 1 | 159 | |
65/66B |
1,521 | 658 | 644 | 951 | 1,009 | 710 | 785 | 392 | 691 | 253 | 1,178 | 1,641 | 1,069 | 907 | 1,875 | 1,410 | 818 | 1,221 | 1,214 | 1,952 | |
65 |
1,521 | 658 | 644 | 951 | 1,009 | 710 | 785 | 392 | 691 | 253 | 1,178 | 1,641 | 1,069 | 907 | 1,875 | 1,410 | 818 | 1,221 | 1,214 | 1,952 | |
9903 |
17,762 | 2,031 | 46,889 | 31,677 | 48,050 | -99,278 | 21,903 | 3,006 | 65 | 6,691 | -12,323 | -251 | 3,791 | 14,818 | -1,260 | 1,416 | 10,484 | -14,149 | 7,943 | 187 | |
67/77 |
5,922 | 2,001 | 15,048 | 7,128 | 343 | -2,388 | 6,823 | 1,056 | 317 | - | - | -848 | 907 | 3,149 | 0 | - | - | - | - | - | |
9904 |
11,839 | 30 | 31,841 | 24,549 | 47,707 | -96,890 | 15,080 | 1,950 | -251 | 6,691 | -12,323 | 597 | 2,884 | 11,669 | -1,261 | 1,416 | 10,484 | -14,149 | 7,943 | 187 | |
9905 |
11,839 | 30 | 31,841 | 24,549 | 47,707 | -96,890 | 15,080 | 1,950 | -251 | 6,691 | -12,323 | 597 | 2,884 | 11,669 | -1,261 | 1,416 | 10,484 | -14,149 | 7,943 | 187 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
12,051 | 211 | 13,681 | -18,160 | -42,709 | -90,415 | 12,475 | -2,605 | -4,556 | -4,304 | -10,995 | 1,328 | 1,789 | -1,095 | -12,765 | -11,504 | -12,920 | -23,404 | -9,254 | -17,197 | |
14P |
211 | 181 | -18,160 | -42,709 | -90,415 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
11,830 | - | 13,500 | - | - | - | 6,000 | - | - | - | - | - | 1,058 | - | - | - | - | - | - | - | |
6920 |
- | - | 13,500 | - | - | - | - | - | - | - | - | - | 1,058 | - | - | - | - | - | - | - | |
6921 |
11,830 | - | - | - | - | - | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1 | 0.2 | 0.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
880 | 79 | 968 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 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 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00306983 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00280990 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00319336 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00421300 | |
| 31-12-2021 | micro format | 18-08-2022 | 2022-20299101 | |
| 31-12-2020 | micro format | 15-09-2021 | 2021-67200552 | |
| 31-12-2019 | micro format | 12-10-2020 | 2020-60900037 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60400226 | |
| 31-12-2017 | micro format | 04-12-2018 | 2018-73600030 | |
| 31-12-2016 | micro format | 22-12-2017 | 2017-73500097 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-47800342 | |
| 31-12-2014 | full format | 25-09-2015 | 2015-60200525 | |
| 31-12-2013 | full format | 28-08-2014 | 2014-53100410 | |
| 31-12-2012 | full format | 27-08-2013 | 2013-48000501 | |
| 31-12-2011 | full format | 05-06-2012 | 2012-14900074 | |
| 31-12-2010 | full format | 07-06-2011 | 2011-14800425 | |
| 31-12-2009 | full format | 07-06-2010 | 2010-15000307 | |
| 31-12-2008 | full format | 16-06-2009 | 2009-22800266 | |
| 31-12-2007 | full format | 09-06-2008 | 2008-19400362 | |
| 31-12-2006 | full format | 04-06-2007 | 2007-18600360 | |
| 31-12-2005 | full format | 03-07-2006 | 2006-39400515 | |
| 31-12-2004 | full format | 07-06-2005 | 2005-22003136 | |
| 31-12-2003 | full format | 22-06-2004 | 2004-29400467 | |
| 31-12-2002 | full format | 11-06-2003 | 2003-22203063 | |
| 31-12-2001 | full format | 13-06-2002 | 2002-20803099 | |
| 31-12-2000 | full format | 06-06-2001 | 2001-18005066 | |
| 31-12-1999 | full format | 06-06-2000 | 2000-18503177 | |
| 31-12-1998 | full format | 08-06-1999 | 1999-15700797 | |
| 31-12-1997 | full format | 08-06-1998 | 1998-14803232 | |
| 31-12-1996 | full format | 10-06-1997 | 1997-13803861 | |
| 31-12-1995 | full format | 07-06-1996 | 1996-14005000 | |
| 31-12-1994 | full format | 30-06-1995 | 1995-34203592 | |
| 31-12-1993 | full format | 22-07-1994 | 1994-31803691 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28,122 | 13,166 | 58,561 | 43,684 | 59,832 | -92,590 | 31,030 | 6,439 | 4,563 | 12,130 | -6,377 | 11,125 | 13,773 | 23,568 | - | 6,110 | 14,619 | -17,221 | 17,808 | 10,557 | ||
| 20,680 | 10,508 | 42,931 | 35,609 | 58,662 | -90,052 | 23,457 | 4,992 | 3,659 | 11,987 | -7,504 | 10,333 | 11,927 | 19,531 | - | 4,553 | 13,621 | -10,669 | 16,520 | 8,764 | ||
| 65,260 | 3,753 | 4,105 | 587 | 20,690 | 3,335 | 34,072 | 1,738 | 0 | 8,840 | 0 | 3,509 | 5,906 | 27,670 | - | 1,980 | 315 | 9,371 | 0 | 1,219 | ||
| 25 | 1,120 | 5,163 | 2,940 | -2,181 | -4,686 | -495 | 6,570 | -1,301 | 1,339 | - | - | -1,482 | -2,531 | 4,994 | 80 | -27 | -8,111 | 7,435 | - | ||
| 20,652 | 28,309 | 21,443 | -11,264 | -39,915 | -81,991 | 17,764 | 13,346 | 10,168 | 6,294 | 3,147 | 12,059 | 11,120 | 14,312 | - | 5,552 | 2,979 | -10,327 | 9,712 | -6,807 | ||
| 41.2% | 58.0% | 46.2% | 14.5% | -16.0% | -53.8% | 41.9% | 44.1% | 46.0% | 44.6% | 21.1% | 41.6% | 23.9% | 17.3% | 100.0% | 34.0% | 23.3% | -15.5% | 47.6% | 11.7% | ||
| 1.55 | 1.97 | 1.46 | 0.73 | 0.62 | 0.53 | 1.58 | 1.59 | 1.55 | 1.31 | 1.09 | 1.41 | 1.19 | 1.20 | - | 1.36 | 1.14 | 0.65 | 1.87 | 0.59 | ||
| 1.14 | 1.53 | 1.29 | 0.51 | 0.58 | 0.50 | 1.42 | 1.43 | 1.33 | 1.10 | 0.99 | 1.38 | 1.12 | 0.86 | - | 1.36 | 1.14 | 0.65 | 1.87 | 0.59 | ||
| 1.43 | 0.72 | 1.16 | 5.89 | - | - | 1.39 | 1.27 | 1.17 | 1.24 | 3.74 | 1.41 | 3.18 | 4.78 | - | 1.95 | 3.29 | - | 1.10 | 7.54 | ||
| 22.8% | 0.1% | 79.3% | 296.1% | - | - | 45.8% | 10.9% | -1.6% | 41.4% | -130.3% | 2.7% | 13.6% | 63.8% | -19.0% | 17.9% | 162.0% | - | 78.3% | 8.5% | ||
| 9.4% | 0.0% | 36.7% | 43.0% | 46.9% | -81.5% | 19.2% | 4.8% | -0.7% | 18.5% | -27.5% | 1.1% | 3.3% | 11.0% | -19.0% | 6.1% | 37.8% | -54.8% | 37.3% | 1.0% | ||
| 18.50 | 20.00 | 90.92 | 45.93 | 59.29 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| 1 | 0.2 | 0.9 | |
| Joined | - | 1 | 1 |
| Left | - | 0 | 0 |
| Training hours | 880 | 79 | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €65,260 | €3,753 | €4,105 | €587 | €20,690 |
| €8,840 | €10,478 | €11,090 | €11,060 | €10,955 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LS CONSTRUCTION
The operating result for 2025 is 7.2 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 42.0% to 58.8%. Equity and debt are higher.