LW CONSTRUCT
ActiveSummary
LW CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €484,354 and a net result of -€160,640. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 1041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-86
Solvency70▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 2.08 in 2024; short-term debt: 39.8% and cash: 12.3% of total assets), but 55.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
15 d early
2022
19 d early
2021
11 d early
2020
8 d early
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€484,354▼ 24.9%
2024 · €644,994
Total assets
€1.1m▼ 21.6%
2024 · €1.4m
Net result
-€160,640
2024 · €193,662
Working capital
€388,460▼ 31.1%
2024 · €564,154
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20212022202320242025
Operating result€187,123▲ 222%€143,222▼ 23.5%€359,125▲ 151%€305,841▼ 14.8%-€162,246
Net result€120,127within the sector's middle half▲ 460%€84,333within the sector's middle half▼ 29.8%€221,367within the sector's middle half▲ 162%€193,662within the sector's middle half▼ 12.5%-€160,640below the sector's middle half
Equity€349,767within the sector's middle half▲ 35.5%€337,464within the sector's middle half▼ 3.5%€556,972within the sector's middle half▲ 65.0%€644,994within the sector's middle half▲ 15.8%€484,354within the sector's middle half▼ 24.9%
Total assets€1.1mwithin the sector's middle half▲ 5.4%€1.2mwithin the sector's middle half▲ 7.5%€1.2mwithin the sector's middle half▲ 2.6%€1.4mwithin the sector's middle half▲ 13.5%€1.1mwithin the sector's middle half▼ 21.6%
Debt€682,795▼ 4.9%€777,937▲ 13.9%€588,962▼ 24.3%€735,185▲ 24.8%€597,099▼ 18.8%
Working capital€395,558within the sector's middle half▲ 27.7%€362,369within the sector's middle half▼ 8.4%€565,733within the sector's middle half▲ 56.1%€564,154within the sector's middle half▼ 0.3%€388,460within the sector's middle half▼ 31.1%
Solvency31.7%within the sector's middle half▲ 7.1pp28.5%within the sector's middle half▼ 3.3pp45.8%within the sector's middle half▲ 17.3pp46.7%within the sector's middle half▲ 0.9pp44.8%within the sector's middle half▼ 1.9pp
Current ratio1.97within the sector's middle half▲ 0.241.72within the sector's middle half▼ 0.252.73within the sector's middle half▲ 1.012.08within the sector's middle half▼ 0.651.90within the sector's middle half▼ 0.18
Return on assets (ROA)10.9%within the sector's middle half▲ 8.8pp7.1%within the sector's middle half▼ 3.8pp18.2%above the sector's middle half▲ 11.1pp14.0%above the sector's middle half▼ 4.2pp-14.9%below the sector's middle half▼ 28.9pp
Staff (FTE)7.2within the sector's middle half=7within the sector's middle half▼ 2.8%6.9within the sector's middle half▼ 1.4%6.8within the sector's middle half▼ 1.4%6.9within the sector's middle half▲ 1.5%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €162,246 after €305,841 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€262,580 ▼ 10.3%
Current assets
€818,872 ▼ 24.7%
Equity and liabilities €1.1m
Equity
€484,354 ▼ 24.9%
Debt
€597,099 ▼ 18.8%
Debt's share of the balance-sheet total rises from 53.3% to 55.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€111,611▼
2024 · €355,674
Cash flow
-€110,005▼
2024 · €243,495
Quick ratio
1.75▼
2024 · 2.04
Debt to equity
1.23▲
2024 · 1.14
ROE
-33.2%▼
2024 · 30.0%
Interest coverage
-4.25▼
2024 · 12.17
Debt ≤ 1 year
€430,412▼
2024 · €523,300
Debt > 1 year
€166,533▼
2024 · €209,798
Income taxes
€132▼
2024 · €89,313
Staff costs
€405,470▲
2024 · €394,265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,815 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €9,112 | €1,240 | €413 | €22,769 | ▲ 5,410% |
| Remuneration, social security and pensions62 | €362,302 | €401,398 | €420,167 | €394,265 | €405,470 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,931 | €41,902 | €44,050 | €49,833 | €50,635 | ▲ 1.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€69,795 | €0 | ▲ 100% |
| Other operating charges640/8 | €6,360 | €6,848 | €7,294 | €9,771 | €7,572 | ▼ 22.5% |
| Non-recurring operating charges66A | €1,999 | €0 | €151 | €0 | - | - |
| Gross operating margin9900 | €603,714 | €593,370 | €830,787 | €689,915 | €301,430 | ▼ 56.3% |
| Operating profit (loss)9901 | €187,123 | €143,222 | €359,125 | €305,841 | -€162,246 | ▼ 153% |
| Financial income75/76B | €17,069 | €121 | €439 | €6,368 | €27,974 | ▲ 339% |
| Recurring financial income75 | €17,069 | €121 | €439 | €6,368 | €27,974 | ▲ 339% |
| Financial charges65/66B | €27,221 | €26,759 | €34,285 | €29,234 | €26,235 | ▼ 10.3% |
| Recurring financial charges65 | €27,221 | €26,759 | €34,285 | €29,234 | €26,235 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €176,971 | €116,584 | €325,279 | €282,975 | -€160,508 | ▼ 157% |
| Income taxes67/77 | €56,844 | €32,250 | €103,912 | €89,313 | €132 | ▼ 99.9% |
| Profit (loss) for the period9904 | €120,127 | €84,333 | €221,367 | €193,662 | -€160,640 | ▼ 183% |
| Transfer from tax-exempt reserves789 | €18,750 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €138,877 | €84,333 | €221,367 | €193,662 | -€160,640 | ▼ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.2m | €1.4m | €1.1m | ▼ 21.6% |
| Fixed assets21/28 | €298,889 | €320,076 | €322,272 | €292,725 | €262,580 | ▼ 10.3% |
| Intangible fixed assets21 | €85 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €298,804 | €320,076 | €322,272 | €292,725 | €262,580 | ▼ 10.3% |
| Land and buildings22 | €202,099 | €184,873 | €171,282 | €164,605 | €150,724 | ▼ 8.4% |
| Plant, machinery and equipment23 | €11,679 | €31,031 | €31,510 | €27,276 | €36,544 | ▲ 34.0% |
| Furniture and vehicles24 | €27,497 | €52,542 | €73,154 | €59,758 | €38,261 | ▼ 36.0% |
| Other tangible fixed assets26 | €57,530 | €51,629 | €46,326 | €41,086 | €37,051 | ▼ 9.8% |
| Current assets29/58 | €803,467 | €865,120 | €893,457 | €1.1m | €818,872 | ▼ 24.7% |
| Stocks and contracts in progress3 | €10,266 | €15,323 | €26,310 | €19,689 | €64,914 | ▲ 230% |
| Stocks30/36 | €10,266 | €15,323 | €26,310 | €19,689 | €64,914 | ▲ 230% |
| Amounts receivable within one year40/41 | €729,949 | €685,007 | €720,238 | €689,053 | €607,026 | ▼ 11.9% |
| Trade receivables40 | €540,068 | €502,922 | €603,365 | €588,633 | €477,965 | ▼ 18.8% |
| Other amounts receivable41 | €189,880 | €182,085 | €116,873 | €100,420 | €129,061 | ▲ 28.5% |
| Cash at bank and in hand54/58 | €61,207 | €161,988 | €142,015 | €363,241 | €132,549 | ▼ 63.5% |
| Deferred charges and accrued income490/1 | €2,045 | €2,802 | €4,894 | €15,470 | €14,384 | ▼ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.2m | €1.4m | €1.1m | ▼ 21.6% |
| Equity10/15 | €349,767 | €337,464 | €556,972 | €644,994 | €484,354 | ▼ 24.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €331,167 | €318,864 | €538,372 | €626,394 | €626,394 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €329,307 | €317,004 | €538,372 | €626,394 | €626,394 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | -€160,640 | - |
| Provisions and deferred taxes16 | €69,795 | €69,795 | €69,795 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €69,795 | €69,795 | €69,795 | €0 | - | - |
| Pensions and similar obligations160 | €69,795 | €69,795 | €69,795 | €0 | - | - |
| Amounts payable17/49 | €682,795 | €777,937 | €588,962 | €735,185 | €597,099 | ▼ 18.8% |
| Amounts payable after more than one year17 | €274,327 | €274,839 | €259,921 | €209,798 | €166,533 | ▼ 20.6% |
| Financial debts170/4 | €274,327 | €274,839 | €259,921 | €209,798 | €166,533 | ▼ 20.6% |
| Amounts payable within one year42/48 | €407,909 | €502,752 | €327,725 | €523,300 | €430,412 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | €40,431 | €46,889 | €48,503 | €50,165 | €43,265 | ▼ 13.8% |
| Financial debts43 | €70,000 | €45,000 | €25,000 | €41,801 | €0 | ▼ 100% |
| Credit institutions430/8 | €70,000 | €45,000 | €25,000 | €41,801 | €0 | ▼ 100% |
| Trade debts44 | €155,052 | €252,281 | €126,599 | €174,438 | €216,726 | ▲ 24.2% |
| Suppliers440/4 | €155,052 | €252,281 | €126,599 | €174,438 | €216,726 | ▲ 24.2% |
| Advances received on contracts in progress46 | €56,415 | €0 | - | - | €1,534 | - |
| Taxes, remuneration and social security45 | €57,597 | €61,946 | €99,390 | €130,100 | €51,718 | ▼ 60.2% |
| Taxes450/3 | €34,716 | €39,094 | €86,379 | €118,029 | €39,166 | ▼ 66.8% |
| Remuneration and social security454/9 | €22,882 | €22,852 | €13,011 | €12,071 | €12,552 | ▲ 4.0% |
| Other amounts payable47/48 | €28,414 | €96,636 | €28,233 | €126,797 | €117,170 | ▼ 7.6% |
| Accrued charges and deferred income492/3 | €558 | €347 | €1,316 | €2,088 | €154 | ▼ 92.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,127 | €84,333 | €221,367 | €193,662 | -€160,640 | ▼ 183% |
| + Depreciation and write-downs630 | €45,931 | €41,902 | €44,050 | €49,833 | €50,635 | ▲ 1.6% |
| Operating cash flow (approximation) | €166,058 | €126,236 | €265,417 | €243,495 | -€110,005 | ▼ 145% |
| Investment in fixed assets (approximation) | - | -€63,089 | -€46,246 | -€20,286 | -€20,490 | ▼ 1.0% |
| Change in cash | - | €100,781 | -€19,974 | €221,227 | -€230,692 | ▼ 204% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€160,640
Net result drops to -€160,640, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €221,367 ▲162%
Operating result €359,125, net result €221,367, both a record.
31-12
Financial
Equity above €500,000Eq €556,972 ▲65%
5 profitable years in a row build equity to €556,972.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
31-12
Financial
Back to profitnet €107,264
Net result €107,264 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €256,990 ▲69.8%
Equity rises from €151,350 to €256,990.
Show earlier events
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 42 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 43 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Ieper · 1 establishment unit since 2007
Ground area
2,423 m²
Building footprint
701 m²
Volume, LiDAR
4,588 m³
Parcel 33003B0813/00W003, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LW CONSTRUCT
since 20072.167.321.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0813/00W003 | Flanders | 2,423 m² | 1 · 701 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,515 EUR awarded · 5,515 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,300 EUR | 1,300 EUR |
| 2024 | 1 | 0 EUR | 645 EUR |
| 2023 | 1 | 645 EUR | 0 EUR |
| 2022 | 2 | 3,570 EUR | 3,570 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryLW CONSTRUCT BV37188
Legal Entity Identifier
8755005D4PGK5IIAMI53
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,289 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
Founded07-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894028511
Also
9925:BE0894028511
Registered
07-09-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.