Equity
Equity rose in 2025 from €2,000 to €192,722.
Equity rose in 2025 from €2,000 to €192,722.
The accounts state no turnover.
Of this, €940,784 falls due within a year.
Green is investment, beige is depreciation.
The 2020 accounts came latest: 133 days after the end of the period.
Lower solvency than 83% of companies in specialised construction. Sector median 44.0% · 9,967 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 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 43, micro). It does better than 17% of them on solvency, 11% on liquidity, 72% on profitability and 99% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,684 companies had the same profile as LVK CONSTRUCT has now. Each dot stands for 7 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LVK CONSTRUCT itself: 1.3% 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 2,684 companies, not a prediction for LVK 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 insufficient, with a current ratio of 0.91 (1.09 in 2024), below 1. Short-term debt is 73.3% and cash 7% of total assets. 85% 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 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LVK CONSTRUCT Antwerp | €1.3m | €347,938 | 15.0% | - |
| Mineral Texture Waasmunster | €1.3m | €325,650 | 24.1% | - |
| BK Bouwteam Oosterzele | €1.4m | €384,991 | 59.4% | - |
| BEERNAERT KRANENVERHUUR Staden | €1.1m | €327,343 | 23.1% | - |
| MOBO Oosterzele | €1.4m | €359,466 | 37.5% | 2.2 |
| ZWEMBADEN VALKENBORGH PLUS Hasselt | €1.2m | €412,970 | 27.7% | 2.5 |
| M VERHEYDEN Sint-Niklaas | €1.4m | €297,927 | 17.2% | - |
These companies have the same main activity as LVK CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 2019 and 2020.
LVK CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from -€7,895 in 2020 to €347,938 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 ≈ €1.1m. Estimated: probably between €670,000 and €1.4m.
Higher than 16% of 9,967 companies in 2025.
Higher than 15% of 9,830 companies in 2025.
Higher than 79% of 9,899 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.3m | 2.3m | 916,669 | 343,712 | 261,553 | 13,724 | |
21/28 |
428,203 | 63,335 | 107,801 | 47,223 | 15,839 | - | |
22/27 |
428,203 | 63,335 | 107,801 | 47,148 | 15,764 | - | |
22 |
383,347 | - | - | - | - | - | |
23 |
363 | 1,594 | 1,201 | 1,856 | 1,044 | - | |
24 |
44,493 | 61,741 | 106,599 | 45,292 | 14,720 | - | |
28 |
- | - | - | 75 | 75 | - | |
29/58 |
855,488 | 2.2m | 808,868 | 296,489 | 245,715 | 13,724 | |
3 |
- | 386,002 | 581,860 | 72,038 | - | - | |
30/36 |
- | 386,002 | 581,860 | 72,038 | - | - | |
40/41 |
754,022 | 1.5m | 180,144 | 197,774 | 186,082 | 11,194 | |
40 |
427,199 | 216,103 | 77,890 | 147,042 | 170,788 | 9,962 | |
41 |
326,823 | 1.3m | 102,254 | 50,732 | 15,294 | 1,232 | |
54/58 |
89,620 | 288,664 | 46,147 | 21,116 | 46,230 | 1,922 | |
490/1 |
11,846 | 175 | 717 | 5,561 | 13,403 | 608 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.3m | 2.3m | 916,669 | 343,712 | 261,553 | 13,724 | |
10/15 |
192,722 | 2,000 | 84,684 | 83,519 | 31,539 | -8,590 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
11 |
- | - | - | - | - | 2,000 | |
1109/19 |
- | - | - | - | - | 2,000 | |
13 |
190,722 | - | 82,684 | 81,519 | 29,539 | - | |
133 |
190,722 | - | 82,684 | 81,519 | 29,539 | - | |
14 |
- | - | - | - | - | -10,590 | |
17/49 |
1.1m | 2.3m | 831,986 | 260,193 | 230,014 | 22,314 | |
17 |
150,186 | 245,337 | 455,308 | 21,445 | - | - | |
170/4 |
150,186 | 245,337 | 455,308 | 21,445 | - | - | |
42/48 |
940,784 | 2.0m | 376,677 | 238,748 | 230,014 | 22,314 | |
42 |
5,820 | 32,281 | 9,342 | 5,744 | - | - | |
44 |
884,960 | 676,590 | 276,356 | 232,381 | 225,966 | 2,193 | |
440/4 |
884,960 | 676,590 | 276,356 | 232,381 | 225,966 | 2,193 | |
45 |
1,135 | 1.1m | 16,135 | 623 | 4,048 | 3,714 | |
450/3 |
- | 1.1m | 15,000 | 623 | 1,165 | - | |
454/9 |
1,135 | 1,135 | 1,135 | - | 2,883 | 3,714 | |
47/48 |
48,869 | 218,352 | 74,844 | - | - | 16,407 | |
| Income statement | |||||||
76A |
73,618 | 6,771 | - | - | - | - | |
9900 |
347,938 | 267,276 | 236,263 | 112,512 | 77,887 | -7,895 | |
62 |
17,385 | 10,991 | 6,176 | 20,041 | 29,360 | 1,580 | |
630 |
22,896 | 32,761 | 15,502 | 14,051 | 1,961 | - | |
631/4 |
- | - | 92,585 | 9,893 | - | - | |
640/8 |
23,980 | 8,693 | 2,166 | 5,829 | 5,663 | 818 | |
66A |
- | 12,196 | - | 8,668 | - | - | |
9901 |
283,678 | 202,634 | 119,834 | 54,030 | 40,904 | -10,293 | |
75/76B |
- | 297 | 3 | 110 | 10 | - | |
75 |
- | 297 | 3 | 110 | 10 | - | |
65/66B |
8,871 | 3,276 | 10,832 | 2,161 | 785 | 297 | |
65 |
8,871 | 3,276 | 2,844 | 2,161 | 785 | 297 | |
66B |
- | - | 7,988 | - | - | - | |
9903 |
274,806 | 199,656 | 109,006 | 51,979 | 40,129 | -10,590 | |
67/77 |
84,084 | 63,537 | 32,547 | - | - | - | |
9904 |
190,722 | 136,119 | 76,459 | 51,979 | 40,129 | -10,590 | |
9905 |
190,722 | 136,119 | 76,459 | 51,979 | 40,129 | -10,590 | |
| Appropriation of the result | |||||||
9906 |
190,722 | 136,119 | 76,459 | 51,979 | 29,539 | -10,590 | |
14P |
- | - | - | - | -10,590 | - | |
791/2 |
- | 82,684 | - | - | - | - | |
691/2 |
190,722 | - | 1,165 | 51,979 | 29,539 | - | |
6921 |
190,722 | - | 1,165 | 51,979 | 29,539 | - | |
694/7 |
- | 218,802 | 75,294 | - | - | - | |
694 |
- | 218,802 | 75,294 | - | - | - | |
| Social balance sheet | |||||||
9087 |
- | - | - | - | - | 0.1 | |
Hours worked1013 |
- | - | - | - | - | 136 | |
| Document | |||||||
The notes to these accounts have 11 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 02-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00240908 | |
| 31-12-2024 | abbreviated format | 29-09-2025 | 2025-00510223 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00272537 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00285207 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20228209 | |
| 31-12-2020 | micro format | 11-12-2021 | 2021-80400113 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 306,574 | 235,396 | 135,336 | 68,082 | 42,864 | - | ||
| 213,618 | 168,880 | 91,961 | 66,031 | 42,090 | - | ||
| 399,828 | 20,229 | 76,154 | 45,436 | 17,800 | - | ||
| -199,045 | 242,517 | 25,031 | -25,113 | 44,308 | - | ||
| -85,296 | 184,002 | 432,191 | 57,741 | 15,701 | -8,590 | ||
| 15.0% | 0.1% | 9.2% | 24.3% | 12.1% | -62.6% | ||
| 0.91 | 1.09 | 2.15 | 1.24 | 1.07 | 0.62 | ||
| 0.91 | 0.90 | 0.60 | 0.94 | 1.07 | 0.62 | ||
| 5.66 | - | 9.82 | 3.12 | 7.29 | - | ||
| 99.0% | - | 90.3% | 62.2% | 127.2% | - | ||
| 14.9% | 6.0% | 8.3% | 15.1% | 15.3% | -77.2% | ||
| 34.56 | 71.86 | 47.58 | 31.51 | 54.61 | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €399,828 | €20,229 | €76,154 | €45,436 | €17,725 |
| Financial fixed assets | - | - | - | - | €75 |
| €22,896 | €32,761 | €15,502 | €14,051 | €1,961 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 40% higher than in 2024 and the highest since 2020. It is the fifth rise in a row.
Debt's share of the balance-sheet total falls from 99.9% to 85.0%. Equity is higher and debt is lower.
LVK CONSTRUCT has no parent and no holdings in its annual accounts. LVK CONSTRUCT shares no director with another company.
| BENOTI GROUP
registered office since 24-03-2026 |
founded in 2026 1035.915.359 |
| AYO INVEST
registered office since 07-07-2025 |
founded in 2025 1025.197.552 |
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 18 February 2020, LVK CONSTRUCT was incorporated as a private limited company by two natural persons, with a starting capital of €2,000.12 The registered office moved to Sint-Niklaas in 2020 and to Antwerp in 2022.34 Today the board has 2 members.5 Total assets went from €13,724 in 2020 to €1.3m in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Bresstraat 2a registered office 2018 Antwerp | ||
| Bresstraat 2 2018 Antwerp | 18-02-2020 | 2.300.575.625 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11811L3594/00A003 | 109 m² | 1 · 109 m² | 18.6 m · 6 |
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 0743.773.135
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