Equity
Equity fell by 46% in 1 year.
Equity fell by 46% in 1 year.
From profit to loss in 2025, after a profit of €92,132 in 2024.
In 2025, 1 person joined and nobody left.
Board changed. Latest change 18-11-2025 · 1 in office.
Lower net result than 95% of companies in construction of buildings. Sector median €8,551 · 9,446 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 57% of them on solvency, 23% on liquidity, 5% on profitability and 11% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,591 companies had the same profile as LUXE CONSTRUCT has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUXE CONSTRUCT itself: 1.7% within 12 months.
The method was tested on the 497,447 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 3,591 companies, not a prediction for LUXE 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.
Liquidity is ample, with a current ratio of 1.78 (1.88 in 2024), above the usual 1.5. Short-term debt is 51.4% and cash 2.6% of total assets. However, 51.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 3 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LUXE CONSTRUCT Kraainem | €313,234 | €27,578 | 48.6% | - |
| THERMO-CONSTRUCT Kraainem | €356,102 | €31,104 | 78.8% | - |
| WHN COMPANY Beersel | €278,052 | €29,333 | 51.6% | - |
| Uudis Landen | €363,604 | €32,075 | 13.8% | - |
| Verbiest Alex Tielt-Winge | €245,204 | €29,407 | 49.7% | - |
| Atelier & Constructions Profondeville | €311,186 | €32,199 | 7.3% | 0.5 |
| My Klus Aalst | €262,780 | €27,284 | 23.9% | - |
These companies have the same main activity as LUXE CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €245,000 and €364,000, founded between 2018 and 2020.
LUXE CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €931 in 2020 to €27,578 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €110,000 and €350,000.
Higher than 56% of 9,456 companies in 2025.
Higher than 52% of 9,204 companies in 2025.
Lower than 95% of 9,276 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
313,234 | 536,317 | 314,484 | 293,483 | 264,708 | 73,514 | |
21/28 |
27,341 | 53,860 | 63,510 | 78,505 | 54,571 | 8,558 | |
21 |
591 | 1,049 | 1,506 | - | - | - | |
22/27 |
26,750 | 52,811 | 62,004 | 78,505 | 54,571 | 8,558 | |
23 |
1,233 | 2,024 | 2,816 | 3,607 | - | - | |
24 |
25,517 | 50,787 | 59,188 | 74,898 | 54,571 | 8,558 | |
29/58 |
285,892 | 482,457 | 250,974 | 214,978 | 210,137 | 64,956 | |
40/41 |
270,712 | 373,962 | 204,871 | 184,058 | 196,489 | 36,411 | |
40 |
261,448 | 315,987 | 154,869 | 143,831 | 172,235 | 22,381 | |
41 |
9,264 | 57,975 | 50,002 | 40,227 | 24,254 | 14,030 | |
54/58 |
8,243 | 106,338 | 44,678 | 26,378 | 11,658 | 27,635 | |
490/1 |
6,937 | 2,158 | 1,425 | 4,543 | 1,991 | 910 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
313,234 | 536,317 | 314,484 | 293,483 | 264,708 | 73,514 | |
10/15 |
152,334 | 280,279 | 188,147 | 98,889 | 145,089 | -760 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
14 |
149,334 | 277,279 | 185,147 | 95,889 | 142,089 | -3,760 | |
17/49 |
160,900 | 256,038 | 126,337 | 194,595 | 119,620 | 74,274 | |
42/48 |
160,900 | 256,038 | 126,337 | 194,595 | 119,620 | 74,274 | |
44 |
150,720 | 253,087 | 121,611 | 193,490 | 115,348 | 71,188 | |
440/4 |
150,720 | 253,087 | 121,611 | 193,490 | 115,348 | 71,188 | |
45 |
4,698 | 2,951 | 4,726 | 1,104 | 4,272 | 3,086 | |
450/3 |
- | 51 | - | - | - | 136 | |
454/9 |
4,698 | 2,900 | 4,726 | 1,104 | 4,272 | 2,950 | |
47/48 |
5,482 | - | - | - | - | - | |
| Income statement | |||||||
76A |
11,039 | - | - | 1,225 | - | - | |
9900 |
27,578 | 166,737 | 169,056 | 73,081 | 187,147 | 931 | |
62 |
37,814 | 5,667 | 38,888 | 46,652 | 12,226 | - | |
630 |
27,479 | 41,756 | 34,612 | 25,384 | 10,970 | 2,742 | |
640/8 |
8,459 | 2,639 | 1,656 | 2,461 | 2,433 | 1,618 | |
66A |
5,508 | 3,107 | 3,762 | 4,998 | 4,086 | 375 | |
9901 |
-51,683 | 113,568 | 90,138 | -6,415 | 157,432 | -3,804 | |
75/76B |
8 | 6 | 2 | 1 | 80 | 45 | |
75 |
8 | 6 | 2 | 1 | 80 | 45 | |
65/66B |
3,423 | 274 | 707 | 358 | 11,664 | 1 | |
65 |
3,423 | 274 | 707 | 358 | 11,664 | 1 | |
9903 |
-55,097 | 113,300 | 89,433 | -6,772 | 145,848 | -3,760 | |
67/77 |
72,848 | 21,167 | 174 | 39,428 | - | - | |
9904 |
-127,946 | 92,132 | 89,259 | -46,200 | 145,848 | -3,760 | |
9905 |
-127,946 | 92,132 | 89,259 | -46,200 | 145,848 | -3,760 | |
| Appropriation of the result | |||||||
9906 |
149,334 | 277,279 | 185,147 | 95,889 | 142,089 | -3,760 | |
14P |
277,279 | 185,147 | 95,889 | 142,089 | -3,760 | - | |
| Social balance sheet | |||||||
9087 |
0.9 | 0.5 | - | - | - | - | |
Hours worked1013 |
1,416 | 176 | - | - | - | - | |
| 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 23-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00351369 | |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00332516 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00387901 | |
| 31-12-2022 | micro format | 01-08-2023 | 2023-00318124 | |
| 31-12-2021 | micro format | 02-08-2022 | 2022-20270219 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-44600498 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -24,203 | 155,324 | 124,750 | 18,970 | 168,402 | -1,062 | ||
| -100,467 | 133,888 | 123,871 | -20,816 | 156,818 | -1,018 | ||
| 4,424 | 32,106 | 19,617 | 52,343 | 57,849 | 11,300 | ||
| -98,095 | 61,660 | 18,300 | 14,720 | -15,978 | - | ||
| 124,992 | 226,419 | 124,637 | 20,384 | 90,518 | -9,318 | ||
| 48.6% | 52.3% | 59.8% | 33.7% | 54.8% | -1.0% | ||
| 1.78 | 1.88 | 1.99 | 1.10 | 1.76 | 0.87 | ||
| 1.06 | 0.91 | 0.67 | 1.97 | 0.82 | - | ||
| -84.0% | 32.9% | 47.4% | -46.7% | 100.5% | - | ||
| -40.8% | 17.2% | 28.4% | -15.7% | 55.1% | -5.1% | ||
| -7.07 | over 100 | over 100 | 52.93 | 14.44 | - |
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.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| 0.9 | 0.5 | |
| Joined | 1 | 0 |
| Left | 0 | 2 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,424 | €32,106 | €17,788 | €52,343 | €57,849 |
| Intangible fixed assets | - | - | €1,829 | - | - |
| €27,479 | €41,756 | €34,612 | €25,384 | €10,970 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €51,683, after a profit of €113,568 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 47.7% to 51.4%. Equity and debt are lower.
LUXE CONSTRUCT has no parent and no holdings in its annual accounts. PADOVANI Bernard is the only director. LUXE CONSTRUCT shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 29 September 2019, LUXE CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 PADOVANI Bernard is director of the company, appointed by deed of 18-12-2025.3 Total assets went from €73,514 in 2020 to €313,234 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Frans Vander Elststraat 4 registered office 1950 Kraainem | 29-09-2019 | 2.317.367.909 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 22002C0027/00B006 | 109 m² | 1 · 66 m² | 8.4 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0735.384.912
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