LUX RENOV & CONSTRUCT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00465549.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 6 filings
Turnover
≈ €440,000
Estimated: probably between €310,000 and €770,000
Total assets
€49,171▼ 1.0%
2024 · €49,687
Net result
-€16,738
2024 · €215
Working capital
-€15,370▼ 309%
2024 · -€3,755
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€15,845
2025
20202025
Net result
-€16,738
2025
lowest quarter of the sector
20202025
Equity
-€5,430
2025
lowest quarter of the sector
20202025
Total assets
€49,171
▼ 1.0%
2025
lowest quarter of the sector
20202025
Debt
€54,601
▲ 42.3%
2025
20202025
Working capital
-€15,370
▼ 309%
2025
lowest quarter of the sector
20202025
Solvency
-11.0%
▼ 33.8pp
2025
lowest quarter of the sector
20202025
Current ratio
0.72
▼ 0.18
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-34.0%
▼ 34.5pp
2025
lowest quarter of the sector
20202025
Staff (FTE)
2
▲ 11.1%
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€12,617-€1,671▼ 86.8%-€3,798€3,896€634▼ 83.7%-€15,845
Net result€10,854within the sector's middle half-€1,453within the sector's middle half▼ 86.6%-€3,790below the sector's middle half€2,576within the sector's middle half€215within the sector's middle half▼ 91.7%-€16,738below the sector's middle half
Equity€10,854below the sector's middle half-€12,307below the sector's middle half▲ 13.4%€8,517below the sector's middle half▼ 30.8%€11,093below the sector's middle half▲ 30.2%€11,308below the sector's middle half▲ 1.9%-€5,430below the sector's middle half
Total assets€36,013below the sector's middle half-€32,400below the sector's middle half▼ 10.0%€37,056below the sector's middle half▲ 14.4%€78,664within the sector's middle half▲ 112%€49,687below the sector's middle half▼ 36.8%€49,171below the sector's middle half▼ 1.0%
Debt€25,158-€20,092▼ 20.1%€28,539▲ 42.0%€67,571▲ 137%€38,379▼ 43.2%€54,601▲ 42.3%
Working capital€1,511below the sector's middle half--€1,316below the sector's middle half-€41below the sector's middle half▲ 96.9%-€4,309below the sector's middle half▼ 10,314%-€3,755below the sector's middle half▲ 12.9%-€15,370below the sector's middle half▼ 309%
Solvency30.1%within the sector's middle half-38.0%within the sector's middle half▲ 7.8pp23.0%within the sector's middle half▼ 15.0pp14.1%below the sector's middle half▼ 8.9pp22.8%within the sector's middle half▲ 8.7pp-11.0%below the sector's middle half▼ 33.8pp
Current ratio1.09within the sector's middle half-0.93below the sector's middle half▼ 0.161.00below the sector's middle half▲ 0.060.94below the sector's middle half▼ 0.060.90below the sector's middle half▼ 0.030.72below the sector's middle half▼ 0.18
Return on assets (ROA)30.1%above the sector's middle half-4.5%within the sector's middle half▼ 25.7pp-10.2%below the sector's middle half▼ 14.7pp3.3%within the sector's middle half▲ 13.5pp0.4%within the sector's middle half▼ 2.8pp-34.0%below the sector's middle half▼ 34.5pp
Staff (FTE)1.82▲ 11.1%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €15,845, after a profit of €634 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,171
Fixed assets
€9,940 ▼ 34.0%
Current assets
€39,230 ▲ 13.3%
Equity and liabilities
Equity-€5,430
Debt€54,601
Equity is negative. Debt (€54,601) exceeds the balance-sheet total (€49,171).
Key figures and ratios
EBITDA
-€10,282▼
2024 · €7,549
Cash flow
-€11,175▼
2024 · €7,130
Quick ratio
0.53▼
2024 · 0.85
Interest coverage
-11.76▼
2024 · 58.67
Debt ≤ 1 year
€54,601▲
2024 · €38,379
Income taxes
€19▼
2024 · €295
Staff costs
€94,197▲
2024 · €84,112
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | 2 | 2 |
| in full-time equivalents | 2 | 2 |
| Average over the year, in full-time equivalents | 1.8 | 2 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 1 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,318 | €2,276 | €14,600 | €6,577 | €440 |
| Depreciation and write-downs of the year | €6,238 | €7,341 | €7,756 | €6,915 | €5,563 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €36,153 | €41,094 | €84,112 | €94,197 | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,525 | €6,238 | €7,341 | €7,756 | €6,915 | €5,563 | ▼ 19.6% |
| Other operating charges640/8 | - | €664 | €364 | €1,014 | €1,759 | €1,374 | ▼ 21.9% |
| Gross operating margin9900 | €17,410 | €8,573 | €40,060 | €53,761 | €93,420 | €85,289 | ▼ 8.7% |
| Operating profit (loss)9901 | €12,617 | €1,671 | -€3,798 | €3,896 | €634 | -€15,845 | - |
| Financial income75/76B | - | - | €49 | €1 | €5 | - | - |
| Recurring financial income75 | - | - | €49 | €1 | €5 | - | - |
| Financial charges65/66B | - | €59 | €110 | €216 | €129 | €874 | ▲ 579% |
| Recurring financial charges65 | €3 | €59 | €110 | €216 | €129 | €874 | ▲ 579% |
| Profit (loss) for the period before taxes9903 | €12,614 | €1,612 | -€3,858 | €3,681 | €510 | -€16,719 | - |
| Income taxes67/77 | €1,760 | €159 | -€68 | €1,105 | €295 | €19 | ▼ 93.7% |
| Profit (loss) for the period9904 | €10,854 | €1,453 | -€3,790 | €2,576 | €215 | -€16,738 | - |
| Profit (loss) for the period to be appropriated9905 | €10,854 | €1,453 | -€3,790 | €2,576 | €215 | -€16,738 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €36,013 | €32,400 | €37,056 | €78,664 | €49,687 | €49,171 | ▼ 1.0% |
| Fixed assets21/28 | €18,543 | €13,624 | €8,558 | €15,402 | €15,063 | €9,940 | ▼ 34.0% |
| Tangible fixed assets22/27 | €18,543 | €13,624 | €8,558 | €15,402 | €15,063 | €9,940 | ▼ 34.0% |
| Plant, machinery and equipment23 | - | €2,876 | €2,676 | €1,254 | €5,942 | €4,550 | ▼ 23.4% |
| Furniture and vehicles24 | - | €10,748 | €5,882 | €14,148 | €9,121 | €5,390 | ▼ 40.9% |
| Current assets29/58 | €17,469 | €18,776 | €28,498 | €63,262 | €34,624 | €39,230 | ▲ 13.3% |
| Stocks and contracts in progress3 | - | - | €2,455 | €2,080 | €1,905 | €10,140 | ▲ 432% |
| Stocks30/36 | - | - | €2,455 | €2,080 | €1,905 | €10,140 | ▲ 432% |
| Amounts receivable within one year40/41 | €12,190 | €17,904 | €20,532 | €45,683 | €23,700 | €15,021 | ▼ 36.6% |
| Trade receivables40 | - | €15,900 | €17,825 | €41,257 | €23,600 | €9,963 | ▼ 57.8% |
| Other amounts receivable41 | - | €2,004 | €2,707 | €4,426 | €100 | €5,058 | ▲ 51× |
| Cash at bank and in hand54/58 | €5,279 | €490 | €2,391 | €11,785 | €5,032 | €13,004 | ▲ 158% |
| Deferred charges and accrued income490/1 | - | €382 | €3,120 | €3,714 | €3,987 | €1,065 | ▼ 73.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €36,013 | €32,400 | €37,056 | €78,664 | €49,687 | €49,171 | ▼ 1.0% |
| Equity10/15 | €10,854 | €12,307 | €8,517 | €11,093 | €11,308 | -€5,430 | - |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contributions outside capital11 | - | €5,000 | €5,000 | €5,000 | - | - | - |
| Other1109/19 | - | €5,000 | €5,000 | €5,000 | - | - | - |
| Profit (loss) carried forward14 | €5,854 | €7,307 | €3,517 | €6,093 | €6,308 | -€10,430 | - |
| Amounts payable17/49 | €25,158 | €20,092 | €28,539 | €67,571 | €38,379 | €54,601 | ▲ 42.3% |
| Amounts payable within one year42/48 | €15,958 | €20,092 | €28,539 | €67,571 | €38,379 | €54,601 | ▲ 42.3% |
| Trade debts44 | €588 | €3,855 | €19,255 | €47,829 | €27,745 | €28,724 | ▲ 3.5% |
| Suppliers440/4 | - | €3,855 | €19,255 | €47,829 | €27,745 | €28,724 | ▲ 3.5% |
| Taxes, remuneration and social security45 | - | €445 | €791 | €3,355 | €4,266 | €7,564 | ▲ 77.3% |
| Taxes450/3 | - | €445 | - | €1,105 | €3,951 | - | - |
| Remuneration and social security454/9 | - | - | €791 | €2,250 | €315 | €7,564 | ▲ 24× |
| Other amounts payable47/48 | - | €15,792 | €8,493 | €16,387 | €6,368 | €18,312 | ▲ 188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,854 | €1,453 | -€3,790 | €2,576 | €215 | -€16,738 | - |
| + Depreciation and write-downs630 | €4,525 | €6,238 | €7,341 | €7,756 | €6,915 | €5,563 | ▼ 19.6% |
| Operating cash flow (approximation) | €15,379 | €7,691 | €3,551 | €10,332 | €7,130 | -€11,175 | - |
| Investment in fixed assets (approximation) | - | -€1,318 | -€2,276 | -€14,600 | -€6,577 | -€440 | ▲ 93.3% |
| Change in cash | - | -€4,789 | €1,901 | €9,394 | -€6,753 | €7,972 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as LUX RENOV & CONSTRUCT has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUX RENOV & CONSTRUCT itself: 9.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for LUX RENOV & CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00465549 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00331597 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00350014 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00362965 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20179985 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57600058 |