Luso Construct

Open bankruptcy

Private limited companyfounded 20187 yrs activeTrieststraat 6, 9310 Aalst, BelgiumKBO/BCE: BE 0713.430.743

A bankruptcy procedure is open for Luso Construct according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €223k and a net result of €173k.

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Checked score

Score 2023

24 / 100

Critical

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability100=

Solvency73▲+56

Growth32=

Stability0

Credit verdict

No credit on open account

Liquidity ample (current ratio 1.51 against 0.88 in 2022), but 59.8% of the assets are financed with debt.

How do we compute this score?

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-09-2024, 42 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

42 d late

2022

45 d late

2021

31 d late

2020

39 d late

2019

23 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Equity

€223k▲ 340%

2022 · €51k

2019: €486k 2020: €174k 2021: €21k 2022: €51k

2019 → 2023

Total assets

€555k▲ 45.3%

2022 · €382k

2019: €916k 2020: €267k 2021: €453k 2022: €382k

2019 → 2023

Net result

€173k▲ 482%

2022 · €30k

2019: €479k 2020: €-312k 2021: €-153k 2022: €30k

2019 → 2023

Working capital

€144k

2022 · €-34k

2019: €430k 2020: €29k 2021: €-93k 2022: €-34k

2019 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€486k-€174k▼ 64.3%€21k▼ 87.9%€51k▲ 141%€223k▲ 340%

Operating result€669k-€-378k€-161k▲ 57.5%€41k€198k▲ 387%

Net result€479k-€-312k€-153k▲ 51.1%€30k€173k▲ 482%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2020 the operating result has climbed three years in a row; 2023 is 387% above 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €555k

22.9%

77.1%

Fixed assets €127k▼ 3.6%

Current assets €428k▲ 71.1%

Equity and liabilities €555k

40.2%

59.8%

Equity €223k▲ 340%

Debt €332k▲ 0.1%

The debt ratio falls from 86.7% to 59.8%: equity grows faster than debt.

Key figures and ratios

2023 value · change against 2022

EBITDA

€208k▲

2022 · €51k

Cash flow

€183k▲

2022 · €40k

Solvency

40.2%▲

2022 · 13.3%

Current ratio

1.51▲

2022 · 0.88

Quick ratio

1.51▲

2022 · 0.88

Debt / equity

1.49▼

2022 · 6.54

ROE

77.3%▲

2022 · 58.5%

ROA

31.1%▲

2022 · 7.8%

Interest coverage

24.39▲

2022 · 4.63

Debt

€332k▲

2022 · €331k

Debt ≤ 1 year

€284k▼

2022 · €284k

Income taxes

€17k▲

2022 · €0

Staff costs

€273k▲

2022 · €197k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€382k€555k▲

Fixed assets21/28€132k€127k▼

Tangible fixed assets22/27€25k€20k▼

Plant, machinery and equipment23€3k€5k▲

Furniture and vehicles24€22k€15k▼

Financial fixed assets28€108k€108k=

Current assets29/58€250k€428k▲

Amounts receivable within one year40/41€179k€147k▼

Trade receivables40€176k€95k▼

Other amounts receivable41€2k€52k▲

Current investments50/53€0-

Cash at bank and in hand54/58€70k€272k▲

Deferred charges and accrued income490/1€1k€9k▲

Equity and liabilities

Total equity and liabilities10/49€382k€555k▲

Equity10/15€51k€223k▲

Contributions10/11€7k€7k=

Reserves13€44k€217k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€42k€215k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€331k€332k▲

Amounts payable within one year42/48€284k€284k▼

Trade debts44€135k€112k▼

Suppliers440/4€135k€112k▼

Taxes, remuneration and social security45€34k€54k▲

Taxes450/3€17k€13k▼

Remuneration and social security454/9€18k€40k▲

Other amounts payable47/48€115k€118k▲

Accrued charges and deferred income492/3€47k€48k▲

Income statement Code20222023

Non-recurring operating income76A€5k€0▼

Remuneration, social security and pensions62€197k€273k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼

Other operating charges640/8€5k€5k▲

Non-recurring operating charges66A-€105k

Gross operating margin9900€253k€591k▲

Operating profit (loss)9901€41k€198k▲

Financial income75/76B€75€47▼

Recurring financial income75€75€47▼

Financial charges65/66B€11k€9k▼

Recurring financial charges65€11k€9k▼

Profit (loss) for the period before taxes9903€30k€189k▲

Income taxes67/77€0€17k▲

Profit (loss) for the period9904€30k€173k▲

Profit (loss) for the period to be appropriated9905€30k€173k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-435k€173k▲

Profit (loss) brought forward from the previous period14P€-465k€0▲

Transfer from equity791/2€435k€0▼

Transfer to equity691/2-€173k

To other reserves6921-€173k

Social balance

Average headcount (FTE)90874.74.9▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Signals 1Financial 3Filings 5

2026

10-02

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · LUSO CONSTRUCT BV TRIEST- STRAAT 6, 9310 MOORSEL · event 03-02-2026

2024

11-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 42 days late

2023

31-12

Financial Equity above €200kEq €223k ▲340%

2 profitable years in a row build equity to €223k.

14-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 45 days late

2022

31-12

Financial Back to profitnet €30k

Net result €30k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

08-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 39 days late

2020

31-12

Financial Weakest financial yearnet €-312k ▼165%

Net result drops to €-312k, the lowest in the series; recovery starts the following year.

08-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2025

Escolastico Alexandre, Claudio José

Director · since 13-01-2025

Current

13-01-2025 Appointed as Director

Not every act has been read: a resignation may be missing here

2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Aalst · 1 establishment unit since 2018

exact location from the address register On OpenStreetMap

Ground area

1,510 m²

Building footprint

118 m²

Parcel 41042A0213/00K000, Flanders. Linked by address, not a title deed.

1 establishment unit

Luso Construct

Trieststraat 6, 9310 AalstGeneral construction of buildings

since 20182.285.019.397