LUGAN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of LUGAN CONSTRUCT is 3.9% (moderate). The 2025 annual accounts show equity of €35,107 and a net result of €11,239. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 28281 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-1
Solvency100=
Growth85▲+34
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 5.27 against 5.5 in 2024; short-term debt: 15.3% and cash: 1.1% of total assets), and 15.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.7%
Return on assets
27.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-01-2026, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
7 d early
2024
5 d early
2023
5 d early
2022
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 January (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€408,826▲ 78.7%
2024 · €228,817
EBIT margin
3.4%▼ 0.8pp
2024 · 4.2%
Net result
€11,239▲ 64.5%
2024 · €6,832
Working capital
€27,176▲ 26.2%
2024 · €21,542
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2022202320242025
Turnover€210,312-€253,705▲ 20.6%€228,817▼ 9.8%€408,826▲ 78.7%
Operating result€8,303-€7,293▼ 12.2%€9,540▲ 30.8%€13,964▲ 46.4%
Net result€8,257within the sector's middle half-€5,779within the sector's middle half▼ 30.0%€6,832within the sector's middle half▲ 18.2%€11,239within the sector's middle half▲ 64.5%
EBIT margin3.9%-2.9%▼ 1.1pp4.2%▲ 1.3pp3.4%▼ 0.8pp
Equity€11,257below the sector's middle half-€17,035below the sector's middle half▲ 51.3%€23,868within the sector's middle half▲ 40.1%€35,107within the sector's middle half▲ 47.1%
Total assets€20,554below the sector's middle half-€20,795below the sector's middle half▲ 1.2%€28,655below the sector's middle half▲ 37.8%€41,465below the sector's middle half▲ 44.7%
Debt€9,298-€3,759▼ 59.6%€4,787▲ 27.3%€6,357▲ 32.8%
Working capital€8,467within the sector's middle half-€13,663within the sector's middle half▲ 61.4%€21,542within the sector's middle half▲ 57.7%€27,176within the sector's middle half▲ 26.2%
Solvency54.8%within the sector's middle half-81.9%above the sector's middle half▲ 27.2pp83.3%above the sector's middle half▲ 1.4pp84.7%above the sector's middle half▲ 1.4pp
Current ratio1.91within the sector's middle half-4.63above the sector's middle half▲ 2.725.50above the sector's middle half▲ 0.875.27above the sector's middle half▼ 0.23
Return on assets (ROA)40.2%above the sector's middle half-27.8%above the sector's middle half▼ 12.4pp23.8%above the sector's middle half▼ 3.9pp27.1%above the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,465
Fixed assets
€7,931 ▲ 241%
Current assets
€33,533 ▲ 27.4%
Equity and liabilities €41,465
Equity
€35,107 ▲ 47.1%
Debt
€6,357 ▲ 32.8%
Debt's share of the balance-sheet total falls from 16.7% to 15.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,745▲
2024 · €10,587
Cash flow
€13,021▲
2024 · €7,879
Debt to equity
0.18▼
2024 · 0.20
ROE
32.0%▲
2024 · 28.6%
Interest coverage
164.83▲
2024 · 110.83
Debt ≤ 1 year
€6,357▲
2024 · €4,787
Income taxes
€2,798▼
2024 · €3,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,975 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €210,312 | €253,705 | €228,817 | €408,826 | ▲ 78.7% |
| Goods, raw materials, services and sundry goods60/61 | €201,223 | €245,937 | €218,064 | €392,813 | ▲ 80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €930 | - | €1,046 | €1,781 | ▲ 70.2% |
| Other operating charges640/8 | €277 | €475 | €166 | €269 | ▲ 61.5% |
| Gross operating margin9900 | €9,510 | €7,768 | €10,753 | €16,014 | ▲ 48.9% |
| Operating profit (loss)9901 | €8,303 | €7,293 | €9,540 | €13,964 | ▲ 46.4% |
| Financial income75/76B | - | €255 | €550 | €2,379 | ▲ 332% |
| Recurring financial income75 | - | €255 | €550 | €2,379 | ▲ 332% |
| Non-recurring financial income76B | - | €255 | €550 | €2,379 | ▲ 332% |
| Financial charges65/66B | €47 | €88 | €96 | €2,305 | ▲ 2,313% |
| Recurring financial charges65 | €47 | €88 | €96 | €96 | = |
| Non-recurring financial charges66B | - | - | - | €2,210 | - |
| Profit (loss) for the period before taxes9903 | €8,257 | €7,460 | €9,995 | €14,038 | ▲ 40.4% |
| Income taxes67/77 | - | €1,681 | €3,162 | €2,798 | ▼ 11.5% |
| Profit (loss) for the period9904 | €8,257 | €5,779 | €6,832 | €11,239 | ▲ 64.5% |
| Profit (loss) for the period to be appropriated9905 | €8,257 | €5,779 | €6,832 | €11,239 | ▲ 64.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €20,554 | €20,795 | €28,655 | €41,465 | ▲ 44.7% |
| Fixed assets21/28 | €2,789 | €3,373 | €2,326 | €7,931 | ▲ 241% |
| Tangible fixed assets22/27 | €2,789 | €3,256 | €2,210 | €7,719 | ▲ 249% |
| Furniture and vehicles24 | €2,789 | €3,256 | €2,210 | €7,719 | ▲ 249% |
| Financial fixed assets28 | - | €117 | €117 | €213 | ▲ 82.5% |
| Current assets29/58 | €17,765 | €17,422 | €26,328 | €33,533 | ▲ 27.4% |
| Amounts receivable after more than one year29 | - | €581 | - | - | - |
| Other amounts receivable291 | - | €581 | - | - | - |
| Amounts receivable within one year40/41 | €6,430 | €16,062 | €25,437 | €33,065 | ▲ 30.0% |
| Trade receivables40 | - | €1,500 | €5,440 | €8,780 | ▲ 61.4% |
| Other amounts receivable41 | €6,430 | €14,562 | €19,997 | €24,285 | ▲ 21.4% |
| Cash at bank and in hand54/58 | €10,557 | - | €892 | €468 | ▼ 47.5% |
| Deferred charges and accrued income490/1 | €779 | €779 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €20,554 | €20,795 | €28,655 | €41,465 | ▲ 44.7% |
| Equity10/15 | €11,257 | €17,035 | €23,868 | €35,107 | ▲ 47.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €8,257 | €14,035 | €20,868 | €32,107 | ▲ 53.9% |
| Amounts payable17/49 | €9,298 | €3,759 | €4,787 | €6,357 | ▲ 32.8% |
| Amounts payable within one year42/48 | €9,298 | €3,759 | €4,787 | €6,357 | ▲ 32.8% |
| Trade debts44 | €114 | €3,759 | €4,787 | €5,407 | ▲ 13.0% |
| Suppliers440/4 | €114 | €3,759 | €4,787 | €5,407 | ▲ 13.0% |
| Taxes, remuneration and social security45 | €2,833 | - | - | - | - |
| Remuneration and social security454/9 | €2,833 | - | - | - | - |
| Other amounts payable47/48 | €6,351 | - | - | €950 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,257 | €5,779 | €6,832 | €11,239 | ▲ 64.5% |
| + Depreciation and write-downs630 | €930 | - | €1,046 | €1,781 | ▲ 70.2% |
| Operating cash flow (approximation) | €9,186 | €5,779 | €7,879 | €13,021 | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | -€583 | €0 | -€7,386 | - |
| Change in cash | - | - | - | -€424 | - |
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
24-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2022net €11,239 ▲64.5%
Operating result €13,964, net result €11,239, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €5,779 ▼30%
Net result drops to €5,779, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 4.63
Current ratio from 1.91 to 4.63; short-term debt falls from €9,298 to €3,759.
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Jette · 1 establishment unit since 2021
Ground area
163 m²
Building footprint
167 m²
Volume, LiDAR
1,536 m³
2 parcels, Brussels, Flanders · tallest building 14.9 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
LUGAN CONSTRUCT
since 20212.321.345.503
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23413H0149/00G000 | Flanders | 85 m² | 1 · 90 m² | 10.4 m · 2 fl. |
| 21463D0398/00F004 | Brussels | 77 m² | 1 · 77 m² | 14.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 5,820 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
Founded09-07-2021
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
lugansprl@gmail.comHalle
Phone
0486277754Halle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770958275
Also
9925:BE0770958275
Registered
24-11-2025
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.