LSG CONSTRUCTION
ActiveSummary
LSG CONSTRUCTION has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5,424 and a net result of €13,111. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 9973 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+86
Solvency33▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.3%
Return on assets
20%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9973 sector peers (2024).
NBB · sector comparisonPosition among 9973 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
73 d late
2022
29 d late
2021
65 d late
2020
53 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€5,424
2023 · -€7,687
Total assets
€65,527▼ 18.8%
2023 · €80,746
Net result
€13,111
2023 · -€9,305
Working capital
-€7,843▲ 75.6%
2023 · -€32,116
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result-€8,750-€2,574▲ 70.6%€10,528-€8,716€13,640
Net result-€9,207below the sector's middle half-€3,568below the sector's middle half▲ 61.2%€9,802within the sector's middle half-€9,305below the sector's middle half€13,111within the sector's middle half
Equity-€4,617below the sector's middle half-€8,185below the sector's middle half▼ 77.3%€1,617below the sector's middle half-€7,687below the sector's middle half€5,424below the sector's middle half
Total assets€73,311within the sector's middle half▲ 56.0%€65,653within the sector's middle half▼ 10.4%€80,911within the sector's middle half▲ 23.2%€80,746within the sector's middle half▼ 0.2%€65,527within the sector's middle half▼ 18.8%
Debt€77,928▲ 83.8%€73,838▼ 5.2%€79,293▲ 7.4%€88,433▲ 11.5%€60,103▼ 32.0%
Working capital-€21,667below the sector's middle half▼ 2,675%-€24,867below the sector's middle half▼ 14.8%-€22,751below the sector's middle half▲ 8.5%-€32,116below the sector's middle half▼ 41.2%-€7,843below the sector's middle half▲ 75.6%
Solvency-6.3%below the sector's middle half▼ 16.1pp-12.5%below the sector's middle half▼ 6.2pp2.0%below the sector's middle half▲ 14.5pp-9.5%below the sector's middle half▼ 11.5pp8.3%below the sector's middle half▲ 17.8pp
Current ratio0.55below the sector's middle half▼ 0.430.54below the sector's middle half▼ 0.010.68below the sector's middle half▲ 0.140.64below the sector's middle half▼ 0.040.87below the sector's middle half▲ 0.23
Return on assets (ROA)-12.6%below the sector's middle half▼ 52.8pp-5.4%below the sector's middle half▲ 7.1pp12.1%within the sector's middle half▲ 17.5pp-11.5%below the sector's middle half▼ 23.6pp20.0%above the sector's middle half▲ 31.5pp
Staff (FTE)1.8
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 returns to profit in 2024: €13,640 after a loss of €8,716 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65,527
Fixed assets
€13,267 ▼ 45.7%
Current assets
€52,260 ▼ 7.2%
Equity and liabilities €65,527
Equity
€5,424
Debt
€60,103
Debt finances 91.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€24,802▲
2023 · €255
Cash flow
€24,273▲
2023 · -€334
Quick ratio
0.85▲
2023 · 0.62
Debt to equity
11.08▲
2023 · -11.50
ROE
241.7%
Interest coverage
82.47▲
2023 · 0.43
Debt ≤ 1 year
€60,103▼
2023 · €88,433
Income taxes
€440
Staff costs
€73,823▲
2023 · €44,071
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 1,325 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €733 | €555 | - | - | - |
| Remuneration, social security and pensions62 | - | €22,560 | €14,027 | €44,071 | €73,823 | ▲ 67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,949 | €10,795 | €8,243 | €8,971 | €11,162 | ▲ 24.4% |
| Other operating charges640/8 | - | €566 | €613 | €587 | €536 | ▼ 8.7% |
| Non-recurring operating charges66A | - | - | - | - | €3,500 | - |
| Gross operating margin9900 | -€2,770 | €31,347 | €33,410 | €44,913 | €102,661 | ▲ 129% |
| Operating profit (loss)9901 | -€8,750 | -€2,574 | €10,528 | -€8,716 | €13,640 | ▲ 256% |
| Financial income75/76B | - | €12 | €0 | - | €212 | - |
| Recurring financial income75 | €0 | €12 | €0 | - | €212 | - |
| Financial charges65/66B | - | €1,005 | €726 | €589 | €301 | ▼ 48.9% |
| Recurring financial charges65 | €457 | €1,005 | €726 | €589 | €301 | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | -€9,207 | -€3,568 | €9,802 | -€9,305 | €13,551 | ▲ 246% |
| Income taxes67/77 | - | - | - | - | €440 | - |
| Profit (loss) for the period9904 | -€9,207 | -€3,568 | €9,802 | -€9,305 | €13,111 | ▲ 241% |
| Profit (loss) for the period to be appropriated9905 | -€9,207 | -€3,568 | €9,802 | -€9,305 | €13,111 | ▲ 241% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,311 | €65,653 | €80,911 | €80,746 | €65,527 | ▼ 18.8% |
| Fixed assets21/28 | €47,146 | €36,351 | €33,399 | €24,428 | €13,267 | ▼ 45.7% |
| Tangible fixed assets22/27 | €46,996 | €36,201 | €33,249 | €24,278 | €13,117 | ▼ 46.0% |
| Plant, machinery and equipment23 | - | €4,782 | €4,741 | €3,024 | €1,533 | ▼ 49.3% |
| Furniture and vehicles24 | - | €31,420 | €28,508 | €21,255 | €11,584 | ▼ 45.5% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €26,165 | €29,302 | €47,512 | €56,318 | €52,260 | ▼ 7.2% |
| Stocks and contracts in progress3 | €1,298 | €1,298 | €1,298 | €1,298 | €1,298 | = |
| Stocks30/36 | - | €1,298 | €1,298 | €1,298 | €1,298 | = |
| Amounts receivable within one year40/41 | €7,757 | €14,074 | €31,348 | €31,858 | €39,035 | ▲ 22.5% |
| Trade receivables40 | - | €10,293 | €22,174 | €27,718 | €37,294 | ▲ 34.5% |
| Other amounts receivable41 | - | €3,781 | €9,173 | €4,139 | €1,741 | ▼ 57.9% |
| Cash at bank and in hand54/58 | €17,110 | €13,929 | €14,865 | €23,161 | €11,926 | ▼ 48.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,311 | €65,653 | €80,911 | €80,746 | €65,527 | ▼ 18.8% |
| Equity10/15 | -€4,617 | -€8,185 | €1,617 | -€7,687 | €5,424 | ▲ 171% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€12,677 | -€16,245 | -€6,443 | -€15,747 | -€2,636 | ▲ 83.3% |
| Amounts payable17/49 | €77,928 | €73,838 | €79,293 | €88,433 | €60,103 | ▼ 32.0% |
| Amounts payable after more than one year17 | €30,096 | €19,669 | €9,030 | - | - | - |
| Financial debts170/4 | - | €19,669 | €9,030 | - | - | - |
| Amounts payable within one year42/48 | €47,832 | €54,169 | €70,263 | €88,433 | €60,103 | ▼ 32.0% |
| Current portion of amounts payable after more than one year42 | - | €10,427 | €10,638 | €9,030 | - | - |
| Trade debts44 | €12,662 | €17,444 | €29,367 | €33,369 | €16,213 | ▼ 51.4% |
| Suppliers440/4 | - | €17,444 | €29,367 | €33,369 | €16,213 | ▼ 51.4% |
| Advances received on contracts in progress46 | - | €4,067 | €4,067 | €4,067 | €4,067 | = |
| Taxes, remuneration and social security45 | - | €3,161 | €3,407 | €8,202 | €16,742 | ▲ 104% |
| Taxes450/3 | - | - | - | - | €5,343 | - |
| Remuneration and social security454/9 | - | €3,161 | €3,407 | €8,202 | €11,399 | ▲ 39.0% |
| Other amounts payable47/48 | - | €19,070 | €22,784 | €33,764 | €23,081 | ▼ 31.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,207 | -€3,568 | €9,802 | -€9,305 | €13,111 | ▲ 241% |
| + Depreciation and write-downs630 | €3,949 | €10,795 | €8,243 | €8,971 | €11,162 | ▲ 24.4% |
| Operating cash flow (approximation) | -€5,257 | €7,227 | €18,045 | -€334 | €24,273 | ▲ 7,367% |
| Investment in fixed assets (approximation) | - | €0 | -€5,291 | €0 | €0 | - |
| Change in cash | - | -€3,180 | €936 | €8,296 | -€11,235 | ▼ 235% |
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
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
31-12
Financial
Back to profitnet €13,111
Net result €13,111 after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 73 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €9,802
Net result €9,802 after 2 loss-making years.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €18,892
Net result €18,892 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Villers-la-Ville · 1 establishment unit since 2009
Ground area
172 m²
Building footprint
91 m²
Volume, LiDAR
835 m³
Parcel 25065A0150/00D000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de l'Enfer 5, 1495 Villers-la-Ville
since 20092.180.361.842
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25065A0150/00D000 | Wallonia | 172 m² | 1 · 91 m² | 11.0 m · 3 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 6,768 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
Founded07-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817757213
Also
9925:BE0817757213
Registered
17-08-2025
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.