Checked.be
Active
BE 0461.794.234Private limited company (pre-2019)
Construct L&F
Lijsterhof 21 ·8580 Avelgem, Belgium· 28 yrs active
Sector: Renting and leasing of other personal and household goods
(77229)
Conclusion
Construct L&F has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €9k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 1450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €51k |
| Net result | €9k |
| Better than sector | 88% |
| Active | 28 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
90
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 28 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
73
2022
100
2023
86
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.53 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.53 (≥ 1.0)
+5
Leverage
Debt/equity 0.22 (< 1.0)
+10
Profitability
ROE 18% (≥ 10%)
+10
Interest coverage
Interest coverage 20.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-03-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~21.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 77, Rental and leasing activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 81.9% | 30.9% | |
| Net result | €9k | €6k | |
| Equity | €51k | €50k | |
| Gross operating margin | €15k | €36k | |
| Total assets | €62k | €190k |
€14k
+165.3%
22-25
€9k
+155.0%
22-25
€9k
+107.7%
22-25
€62k
+38.3%
22-25
€51k
+22.1%
22-25
€51k
+22.1%
22-25
€6k
+403.5%
22-25
€0
-100.0%
22-25
€11k
+246.9%
22-25
€11k
+246.9%
22-25
€0
-100.0%
22-25
5.53
-60.1%
22-25
5.53
-60.1%
22-25
81.9%
-11.7%
22-25
0.22
+184.2%
22-25
18.1%
+108.9%
22-25
14.8%
+84.4%
22-25
20.19
+229.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €14k | €5k | €16k | €7k |
| Net profit | €9k | €4k | €10k | €-909 |
| Cash flow | €9k | €4k | €15k | €7k |
| Staff costs | - | - | - | - |
| Income taxes | €6k | €1k | €1k | €221 |
| Dividends | - | - | €0 | €4k |
| Total assets | €62k | €45k | €43k | €42k |
| Equity | €51k | €42k | €38k | €28k |
| Debt | €11k | €3k | €5k | €13k |
| of which ≤ 1y | €11k | €3k | €5k | €13k |
| of which > 1y | - | - | €0 | €296 |
| Working capital | €51k | €42k | €38k | €24k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 5.53 | 13.87 | 8.04 | 2.86 |
| Quick ratio | 5.53 | 13.87 | 8.04 | 2.86 |
| Working capital ratio | 81.9% | 92.8% | 87.6% | 58.3% |
| Solvency | 81.9% | 92.8% | 87.6% | 68.0% |
| Debt / equity | 0.22 | 0.08 | 0.14 | 0.47 |
| Long-term debt ratio | - | - | 0.00 | 0.01 |
| Interest coverage | 20.19 | 6.13 | 17.68 | 14.03 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 14.8% | 8.0% | 22.0% | -2.2% |
| ROE | 18.1% | 8.7% | 25.2% | -3.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €62k | €45k | €43k | €42k |
| Fixed assets | 21/28 | - | - | €0 | €4k |
| Tangible fixed assets | 22/27 | - | - | €0 | €4k |
| Current assets | 29/58 | €62k | €45k | €43k | €37k |
| Amounts receivable within one year | 40/41 | €31k | €27k | €23k | €27k |
| Cash & bank | 54/58 | €29k | €17k | €18k | €8k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €62k | €45k | €43k | €42k |
| Equity | 10/15 | €51k | €42k | €38k | €28k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €32k | €23k | €19k | €11k |
| Accumulated profits (losses) | 14 | - | - | €0 | €-909 |
| Amounts payable | 17/49 | €11k | €3k | €5k | €13k |
| Amounts payable after one year | 17 | - | - | €0 | €296 |
| Amounts payable within one year | 42/48 | €11k | €3k | €5k | €13k |
| Trade debts payable within one year | 44 | €5k | €2k | €4k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €15k | €11k | €17k | €8k |
| Operating result | 9901 | €14k | €4k | €11k | €-1k |
| Financial income | 75 | €1k | €1k | €948 | €920 |
| Financial charges | 65 | €692 | €859 | €910 | €490 |
| Result before taxes | 9903 | €15k | €5k | €11k | €-688 |
| Income taxes | 67/77 | €6k | €1k | €1k | €221 |
| Net result for the period | 9904 | €9k | €4k | €10k | €-909 |
| Result to be appropriated | 9905 | €9k | €4k | €10k | €-909 |
Legal Structure
| NACE primary | Renting and leasing of other personal and household goods(77229) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-11-1997 |
| Status | Active |
| Postal code | 8580 |
Establishment units
CONSTRUCT L&F
since 19972.084.577.114
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A0741/00V000 | Flanders | 329 m² | 1 · 134 m² | 9.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 8.04
Current ratio from 2.86 to 8.04; short-term debt falls from €13k to €5k.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Renting and leasing of other personal and household goods77229Rental and leasing activities77299
Names & trade names
| Legal nameNL | Construct L&F |
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