LUC
Annual accounts 2025
abbreviated format, filed on 26-06-2026, 35 days before the deadline€173,262
▼ 7.3%
€74,953
▼ 25.7%
€55,165
▼ 29.7%
€597,464
▲ 23.7%
56.0%
▲ 3.4 percentage points
2.14
▲ 0.26
The turnover shown is an estimate from the gross margin.
Turnover ≈ €580,000. Estimated: probably between €400,000 and €860,000.
Balance sheet
balance sheet total €1.2m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
56.0%
Higher than 64% of 9,973 companies in 2025.
2.14
Higher than 60% of 9,836 companies in 2025.
4.5%
Higher than 46% of 9,905 companies in 2025.
LUC
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: bottom quarter
Staff
€21,005
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
1.2m | 1.2m | 1.4m | 921,320 | 498,702 | 191,307 | 132,788 | 148,835 | 126,090 | 102,525 | 91,557 | 95,242 | 136,037 | 54,952 | |
21/28 |
102,973 | 168,835 | 114,262 | 74,633 | 46,241 | 36,983 | 53,542 | 73,181 | 65,345 | 41,938 | 22,191 | 31,758 | 48,634 | 23,155 | |
22/27 |
94,062 | 159,925 | 113,425 | 73,951 | 45,661 | 36,983 | 53,542 | 73,181 | 65,345 | 41,938 | 22,191 | 31,758 | 48,634 | 23,155 | |
23 |
11,647 | 19,477 | 18,604 | 2,559 | 3,619 | 5,755 | 2,150 | 3,225 | 5,128 | 1,897 | 4,582 | 7,268 | 5,814 | 6,467 | |
24 |
82,415 | 140,447 | 94,822 | 71,391 | 42,042 | 31,228 | 51,392 | 69,956 | 60,217 | 40,042 | 17,609 | 24,491 | 42,821 | 16,688 | |
28 |
8,911 | 8,911 | 837 | 682 | 580 | - | - | - | - | - | - | - | - | - | |
29/58 |
1.1m | 1.0m | 1.3m | 846,687 | 452,460 | 154,323 | 79,246 | 75,654 | 60,746 | 60,586 | 69,366 | 63,483 | 87,403 | 31,798 | |
3 |
- | - | - | - | - | - | 20,825 | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | 20,825 | - | - | - | - | - | - | - | |
40/41 |
860,581 | 704,523 | 913,796 | 642,664 | 276,848 | 69,522 | 40,707 | 73,290 | 57,712 | 60,186 | 60,284 | 62,397 | 82,622 | 29,538 | |
40 |
779,824 | 595,316 | 700,465 | 486,493 | 223,166 | 46,867 | 31,298 | 27,803 | 28,250 | 38,216 | 48,675 | 55,986 | 71,439 | 20,536 | |
41 |
80,757 | 109,207 | 213,330 | 156,172 | 53,681 | 22,654 | 9,409 | 45,487 | 29,462 | 21,970 | 11,609 | 6,411 | 11,183 | 9,001 | |
54/58 |
261,534 | 326,795 | 395,495 | 204,023 | 175,613 | 84,802 | 17,714 | 2,364 | 3,034 | 400 | 9,081 | 1,086 | 4,781 | 2,260 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
1.2m | 1.2m | 1.4m | 921,320 | 498,702 | 191,307 | 132,788 | 148,835 | 126,090 | 102,525 | 91,557 | 95,242 | 136,037 | 54,952 | |
10/15 |
686,084 | 630,919 | 552,455 | 381,983 | 289,976 | 91,984 | 43,836 | 31,501 | 32,501 | 36,259 | 27,881 | 15,348 | 15,948 | 3,125 | |
10/11 |
18,200 | 18,200 | 18,200 | 18,200 | 18,200 | 18,200 | 18,200 | 18,200 | 18,200 | 18,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 400 | 400 | 400 | 400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
666,024 | 610,859 | 532,395 | 361,923 | 269,916 | 71,924 | 23,776 | 11,441 | 12,441 | 16,199 | 19,821 | 7,288 | 9,748 | -3,075 | |
17/49 |
539,004 | 569,234 | 871,099 | 539,338 | 208,726 | 99,323 | 88,952 | 117,334 | 93,589 | 66,265 | 63,676 | 79,893 | 120,089 | 51,828 | |
17 |
14,353 | 20,910 | 30,373 | 13,084 | 29,112 | 30,389 | 49,654 | 80,854 | 61,958 | 28,271 | 10,015 | 15,662 | 26,202 | 10,600 | |
170/4 |
14,353 | 20,910 | 30,373 | 13,084 | 29,112 | 30,389 | 49,654 | 80,854 | 61,958 | 28,271 | 10,015 | 15,662 | 26,202 | 10,600 | |
42/48 |
524,652 | 548,323 | 840,726 | 526,254 | 179,614 | 68,934 | 39,297 | 36,480 | 31,631 | 37,994 | 53,661 | 64,231 | 93,887 | 41,227 | |
42 |
6,558 | 9,463 | 9,131 | 47,048 | 24,727 | 37,439 | 30,836 | 24,452 | 11,000 | 12,757 | 5,647 | 10,541 | 10,594 | 7,817 | |
43 |
- | - | - | - | - | - | - | 7,933 | 335 | - | 1,013 | 7,676 | 1,274 | 1,180 | |
430/8 |
- | - | - | - | - | - | - | 7,933 | 335 | - | 1,013 | 7,676 | 1,274 | 1,180 | |
44 |
504,444 | 502,593 | 725,072 | 422,461 | 86,482 | 26,456 | 7,115 | 4,095 | 5,787 | 7,574 | 14,395 | 11,902 | 57,101 | 16,780 | |
440/4 |
504,444 | 502,593 | 725,072 | 422,461 | 86,482 | 26,456 | 7,115 | 4,095 | 5,787 | 7,574 | 14,395 | 11,902 | 57,101 | 16,780 | |
46 |
- | - | - | 1,500 | 1,500 | - | - | - | - | - | - | - | - | - | |
45 |
13,650 | 36,267 | 52,523 | 55,245 | 66,905 | 2,115 | 1,306 | - | 26 | - | 1,551 | 1,981 | 3,429 | 31 | |
450/3 |
3,926 | 26,959 | 52,159 | 53,245 | 66,905 | 2,115 | 1,306 | - | 26 | - | 1,551 | 102 | 3,429 | 31 | |
454/9 |
9,724 | 9,308 | 364 | 2,000 | - | - | - | - | - | - | - | 1,880 | - | - | |
47/48 |
- | - | 54,000 | - | - | 2,923 | 40 | - | 14,483 | 17,663 | 31,056 | 32,131 | 21,488 | 15,419 | |
| Income statement | |||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | 951 | - | - | |
9900 |
173,262 | 186,880 | 378,034 | 153,137 | 297,321 | 90,299 | 43,273 | 39,599 | 38,689 | 22,457 | 37,187 | 19,877 | 35,417 | 5,491 | |
62 |
21,005 | 20,378 | 8,317 | - | - | - | - | - | - | - | 1,959 | 3,056 | - | - | |
630 |
66,986 | 59,710 | 29,782 | 27,414 | 27,252 | 21,859 | 20,901 | 22,204 | 27,045 | 19,582 | 11,799 | 11,466 | 13,821 | 5,901 | |
640/8 |
10,319 | 5,852 | 5,120 | 1,144 | 1,243 | 2,380 | 2,654 | 16,504 | 4,272 | 3,005 | 2,499 | 3,363 | 1,348 | 2,103 | |
9901 |
74,953 | 100,940 | 334,814 | 124,578 | 268,826 | 66,060 | 19,718 | 891 | 7,372 | -130 | 20,930 | 1,991 | 20,247 | -2,513 | |
75/76B |
1 | 20 | 534 | 3 | 0 | 1 | - | - | 57 | 56 | 89 | 659 | 61 | 10 | |
75 |
1 | 20 | 534 | 3 | 0 | 1 | - | - | 57 | 56 | 89 | 659 | 61 | 10 | |
65/66B |
3,457 | 3,639 | 8,718 | 1,566 | 1,802 | 2,041 | 1,857 | 1,592 | 1,818 | 2,336 | 3,936 | 3,414 | 3,415 | 572 | |
65 |
3,457 | 3,639 | 8,718 | 1,566 | 1,802 | 2,041 | 1,857 | 1,592 | 1,818 | 2,336 | 3,936 | 3,414 | 3,415 | 572 | |
9903 |
71,497 | 97,321 | 326,631 | 123,015 | 267,025 | 64,020 | 17,861 | -701 | 5,611 | -2,410 | 17,083 | 187 | 16,894 | -3,075 | |
67/77 |
16,332 | 18,856 | 85,959 | 31,009 | 69,033 | 15,872 | 5,527 | 299 | 9,369 | 1,211 | 4,551 | 787 | 4,071 | - | |
9904 |
55,165 | 78,464 | 240,672 | 92,007 | 197,992 | 48,148 | 12,335 | -1,000 | -3,758 | -3,621 | 12,532 | -599 | 12,823 | -3,075 | |
9905 |
55,165 | 78,464 | 240,672 | 92,007 | 197,992 | 48,148 | 12,335 | -1,000 | -3,758 | -3,621 | 12,532 | -599 | 12,823 | -3,075 | |
| Appropriation of the result | |||||||||||||||
9906 |
666,024 | 610,859 | 602,595 | 361,923 | 269,916 | 71,924 | 23,776 | 11,441 | 12,441 | 16,199 | 19,821 | 9,148 | 9,748 | -3,075 | |
14P |
610,859 | 532,395 | 361,923 | 269,916 | 71,924 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
694/7 |
- | - | 70,200 | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | 70,200 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
1 | 1 | 0.5 | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
928 | 928 | 500 | - | - | - | - | - | - | - | - | 136 | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 10 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 26-06-2026.
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 | abbreviated format | 26-06-2026 | 2026-00203844 | |
| 31-12-2024 | full format | 28-08-2025 | 2025-00418902 | |
| 31-12-2023 | full format | 07-08-2024 | 2024-00332671 | |
| 31-12-2022 | micro format | 14-09-2023 | 2023-00445913 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20098870 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45400219 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41600443 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600521 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66100024 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-50300150 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-51100128 | |
| 31-12-2014 | full format | 18-08-2015 | 2015-43600186 | |
| 31-12-2013 | full format | 29-08-2014 | 2014-52100260 | |
| 31-12-2012 | full format | 10-10-2013 | 2013-62600562 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 141,938 | 160,650 | 364,596 | 151,992 | 296,078 | 87,919 | 40,619 | 23,095 | 34,417 | 19,453 | 32,729 | 13,458 | 34,069 | 3,389 | ||
| 122,151 | 138,174 | 270,454 | 119,420 | 225,244 | 70,007 | 33,236 | 21,204 | 23,287 | 15,961 | 24,331 | 10,867 | 26,645 | 2,826 | ||
| 1,123 | 114,283 | 69,411 | 55,805 | 36,510 | 5,301 | 1,261 | 53,638 | 50,452 | 39,329 | 2,231 | 4,139 | 39,301 | 29,056 | ||
| -65,260 | -68,701 | 191,473 | 28,410 | 90,811 | 67,088 | 15,350 | -669 | 2,634 | -8,682 | 7,995 | -3,695 | 2,522 | - | ||
| 597,464 | 482,994 | 468,565 | 320,433 | 272,846 | 85,390 | 39,948 | 39,174 | 29,115 | 22,592 | 15,705 | -748 | -6,484 | -9,430 | ||
| 56.0% | 52.6% | 38.8% | 41.5% | 58.1% | 48.1% | 33.0% | 21.2% | 25.8% | 35.4% | 30.5% | 16.1% | 11.7% | 5.7% | ||
| 2.14 | 1.88 | 1.56 | 1.61 | 2.52 | 2.24 | 2.02 | 2.07 | 1.92 | 1.59 | 1.29 | 0.99 | 0.93 | 0.77 | ||
| 2.14 | 1.88 | 1.56 | 1.61 | 2.52 | 2.24 | 1.49 | 2.07 | 1.92 | 1.59 | 1.29 | 0.99 | 0.93 | 0.77 | ||
| 0.79 | 0.90 | 1.58 | 1.41 | 0.72 | 1.08 | 2.03 | 3.72 | 2.88 | 1.83 | 2.28 | 5.21 | 7.53 | 16.59 | ||
| 8.0% | 12.4% | 43.6% | 24.1% | 68.3% | 52.3% | 28.1% | -3.2% | -11.6% | -10.0% | 44.9% | -3.9% | 80.4% | -98.4% | ||
| 4.5% | 6.5% | 16.9% | 10.0% | 39.7% | 25.2% | 9.3% | -0.7% | -3.0% | -3.5% | 13.7% | -0.6% | 9.4% | -5.6% | ||
| 41.06 | 44.15 | 41.82 | 97.05 | over 100 | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 | 0.5 |
| 0.5 | 0.5 | 0.3 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | - | - | 1 |
| Left | - | - | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,123 | €106,209 | €69,256 | €55,703 | €35,930 |
| Financial fixed assets | - | €8,074 | €154 | €103 | €580 |
| €66,986 | €59,710 | €29,782 | €27,414 | €27,252 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LUC
The operating result for 2025 is 26% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 47.4% to 44.0%. Equity is higher and debt is lower.
Large changes and their cause
- 2023 Net result +162% on 2022. The accounts now follow the full format, last year the micro format.