LcqA
ActiveThe file of LcqA contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 9.4% (elevated). The 2025 annual accounts show equity of €85k and a net result of €27k. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 7500 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+27
Solvency42▲+6
Growth52=
Track record60
Bankruptcy probability, 12 months
9.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.42 against 0.11 in 2024; short-term debt: 23.4% and cash: 0.1% of total assets), and 83.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.6%
Return on assets
5.4%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
6 d early
2023
on the day
2022
2 d early
2021
24 d late
2020
31 d late
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 48.0%
2024 · €57k
2018: €-44k
2019: €-74k▼ -68.2% vs 2018lowest in 8 years
2020: €-30k▲ +60.2% vs 2019
2021: €-22k▲ +24.0% vs 2020
2022: €-828▲ +96.3% vs 2021
2023: €60k▲ +7353% vs 2022
2024: €57k▼ -4.8% vs 2023
2025: €85k▲ +48.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€510k▼ 2.0%
2024 · €520k
2018: €707khighest in 8 years
2019: €683k▼ -3.4% vs 2018
2020: €676k▼ -1.0% vs 2019
2021: €586k▼ -13.3% vs 2020
2022: €586k● -0.0% vs 2021
2023: €556k▼ -5.2% vs 2022
2024: €520k▼ -6.4% vs 2023
2025: €510k▼ -2.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€27k
2024 · €-3k
2018: €80khighest in 8 years
2019: €-30k▼ -138% vs 2018lowest in 8 years
2020: €45k▲ +248% vs 2019
2021: €7k▼ -84.1% vs 2020
2022: €22k▲ +204% vs 2021
2023: €61k▲ +182% vs 2022
2024: €-3k▼ -105% vs 2023
2025: €27k▲ +1043% vs 2024
2018 → 2025
Working capital
€-69k▲ 40.8%
2024 · €-117k
2018: €-36khighest in 8 years
2019: €-108k▼ -199% vs 2018
2020: €-91k▲ +15.9% vs 2019
2021: €-112k▼ -22.6% vs 2020
2022: €-106k▲ +5.6% vs 2021
2023: €-102k▲ +3.2% vs 2022
2024: €-117k▼ -14.6% vs 2023lowest in 8 years
2025: €-69k▲ +40.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-22k-€-828▲ 96.3%€60k€57k▼ 4.8%€85k▲ 48.0%
2021: €-22klowest in 5 years
2022: €-828▲ +96.3% vs 2021
2023: €60k▲ +7353% vs 2022
2024: €57k▼ -4.8% vs 2023
2025: €85k▲ +48.0% vs 2024highest in 5 years
Operating result€28k-€49k▲ 75.1%€76k▲ 53.6%€10k▼ 87.0%€38k▲ 291%
2021: €28k
2022: €49k▲ +75.1% vs 2021
2023: €76k▲ +53.6% vs 2022highest in 5 years
2024: €10k▼ -87.0% vs 2023lowest in 5 years
2025: €38k▲ +291% vs 2024
Net result€7k-€22k▲ 204%€61k▲ 182%€-3k€27k
2021: €7k
2022: €22k▲ +204% vs 2021
2023: €61k▲ +182% vs 2022highest in 5 years
2024: €-3k▼ -105% vs 2023lowest in 5 years
2025: €27k▲ +1043% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 291% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€460k ▼ 9.1%
Current assets
€50k ▲ 240%
Equity and liabilities €510k
Equity
€85k ▲ 48.0%
Debt
€426k ▼ 8.1%
Debt's share of the balance-sheet total falls from 89.0% to 83.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85k▲
2024 · €62k
Cash flow
€74k▲
2024 · €49k
Current ratio
0.42▲
2024 · 0.11
Debt to equity
5.03▼
2024 · 8.11
ROE
32.4%▲
2024 · -5.1%
ROA
5.4%▲
2024 · -0.6%
Interest coverage
7.81▲
2024 · 3.61
Debt ≤ 1 year
€120k▼
2024 · €132k
Debt > 1 year
€290k▼
2024 · €322k
Income taxes
€48▲
2024 · €25
Staff costs
€18k▼
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€520k€510k▼
Fixed assets21/28€505k€460k▼
Tangible fixed assets22/27€505k€459k▼
Land and buildings22€432k€414k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€46k€30k▼
Other tangible fixed assets26€24k€13k▼
Financial fixed assets28€349€349=
Current assets29/58€15k€50k▲
Amounts receivable within one year40/41€15k€49k▲
Trade receivables40€14k€49k▲
Other amounts receivable41€561€276▼
Cash at bank and in hand54/58€17€591▲
Deferred charges and accrued income490/1€77€555▲
Equity and liabilities
Total equity and liabilities10/49€520k€510k▼
Equity10/15€57k€85k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€39k€66k▲
Amounts payable17/49€463k€426k▼
Amounts payable after more than one year17€322k€290k▼
Financial debts170/4€322k€290k▼
Amounts payable within one year42/48€132k€120k▼
Current portion of amounts payable after more than one year42€61k€45k▼
Trade debts44€52k€42k▼
Suppliers440/4€52k€42k▼
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€972€1k▲
Remuneration and social security454/9€11k€8k▼
Other amounts payable47/48€7k€24k▲
Accrued charges and deferred income492/3€9k€16k▲
Income statement
Code20242025
Non-recurring operating income76A€7k-
Remuneration, social security and pensions62€46k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€46k▼
Other operating charges640/8€7k€8k▲
Gross operating margin9900€115k€110k▼
Operating profit (loss)9901€10k€38k▲
Financial income75/76B€4k-
Recurring financial income75€4k-
Financial charges65/66B€17k€11k▼
Recurring financial charges65€17k€11k▼
Profit (loss) for the period before taxes9903€-3k€27k▲
Income taxes67/77€25€48▲
Profit (loss) for the period9904€-3k€27k▲
Profit (loss) for the period to be appropriated9905€-3k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€66k▲
Profit (loss) brought forward from the previous period14P€41k€39k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €26k | - | €7k | - | - |
| Remuneration, social security and pensions62 | €47k | €50k | €47k | €46k | €18k | ▼ 61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €40k | €44k | €52k | €46k | ▼ 11.0% |
| Other operating charges640/8 | €7k | €8k | €9k | €7k | €8k | ▲ 8.2% |
| Non-recurring operating charges66A | - | €9k | €3k | - | - | - |
| Gross operating margin9900 | €125k | €156k | €179k | €115k | €110k | ▼ 4.3% |
| Operating profit (loss)9901 | €28k | €49k | €76k | €10k | €38k | ▲ 291% |
| Financial income75/76B | €34 | €50 | €3 | €4k | - | - |
| Recurring financial income75 | €34 | €50 | €3 | €4k | - | - |
| Financial charges65/66B | €21k | €28k | €15k | €17k | €11k | ▼ 36.7% |
| Recurring financial charges65 | €21k | €28k | €15k | €17k | €11k | ▼ 36.7% |
| Profit (loss) for the period before taxes9903 | €7k | €22k | €61k | €-3k | €27k | ▲ 1,052% |
| Income taxes67/77 | €84 | €7 | €11 | €25 | €48 | ▲ 89.7% |
| Profit (loss) for the period9904 | €7k | €22k | €61k | €-3k | €27k | ▲ 1,043% |
| Profit (loss) for the period to be appropriated9905 | €7k | €22k | €61k | €-3k | €27k | ▲ 1,043% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €586k | €586k | €556k | €520k | €510k | ▼ 2.0% |
| Fixed assets21/28 | €575k | €551k | €553k | €505k | €460k | ▼ 9.1% |
| Tangible fixed assets22/27 | €575k | €551k | €552k | €505k | €459k | ▼ 9.1% |
| Land and buildings22 | €484k | €468k | €450k | €432k | €414k | ▼ 4.2% |
| Plant, machinery and equipment23 | €4k | €3k | €4k | €3k | €2k | ▼ 43.5% |
| Furniture and vehicles24 | €7k | €23k | €58k | €46k | €30k | ▼ 34.5% |
| Other tangible fixed assets26 | €79k | €56k | €40k | €24k | €13k | ▼ 43.7% |
| Financial fixed assets28 | €174 | €349 | €349 | €349 | €349 | = |
| Current assets29/58 | €11k | €35k | €3k | €15k | €50k | ▲ 240% |
| Amounts receivable within one year40/41 | €5k | €21k | €3k | €15k | €49k | ▲ 235% |
| Trade receivables40 | €5k | €18k | €3k | €14k | €49k | ▲ 246% |
| Other amounts receivable41 | €223 | €4k | €58 | €561 | €276 | ▼ 50.9% |
| Cash at bank and in hand54/58 | €5k | €12k | €1 | €17 | €591 | ▲ 3,443% |
| Deferred charges and accrued income490/1 | €2k | €2k | €91 | €77 | €555 | ▲ 619% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €586k | €586k | €556k | €520k | €510k | ▼ 2.0% |
| Equity10/15 | €-22k | €-828 | €60k | €57k | €85k | ▲ 48.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-41k | €-19k | €41k | €39k | €66k | ▲ 71.1% |
| Amounts payable17/49 | €609k | €587k | €496k | €463k | €426k | ▼ 8.1% |
| Amounts payable after more than one year17 | €475k | €430k | €381k | €322k | €290k | ▼ 10.2% |
| Financial debts170/4 | €475k | €430k | €381k | €322k | €290k | ▼ 10.2% |
| Amounts payable within one year42/48 | €123k | €141k | €105k | €132k | €120k | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €74k | €67k | €58k | €61k | €45k | ▼ 26.5% |
| Trade debts44 | €40k | €60k | €34k | €52k | €42k | ▼ 20.2% |
| Suppliers440/4 | €40k | €60k | €34k | €52k | €42k | ▼ 20.2% |
| Taxes, remuneration and social security45 | €8k | €9k | €10k | €12k | €9k | ▼ 21.1% |
| Taxes450/3 | €1k | €7 | €380 | €972 | €1k | ▲ 13.2% |
| Remuneration and social security454/9 | €7k | €8k | €10k | €11k | €8k | ▼ 24.1% |
| Other amounts payable47/48 | €601 | €5k | €3k | €7k | €24k | ▲ 238% |
| Accrued charges and deferred income492/3 | €11k | €16k | €9k | €9k | €16k | ▲ 81.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €22k | €61k | €-3k | €27k | ▲ 1,043% |
| + Depreciation and write-downs630 | €43k | €40k | €44k | €52k | €46k | ▼ 11.0% |
| Operating cash flow (approximation) | €50k | €62k | €105k | €49k | €74k | ▲ 50.0% |
| Investment in fixed assets (approximation) | - | €-17k | €-46k | €-5k | €-575 | ▲ 88.5% |
| Change in cash | - | €7k | €-12k | €16 | €574 | ▲ 3,449% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
30-09
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
28-08
Judicial reorganisation
Plan homologation
Tribunal de commerce du Hainaut · event 21-08-2018
Show earlier events
16-05
Judicial reorganisation
Opening
Tribunal de commerce du Hainaut · collective agreement · event 07-05-2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial 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, Enghien · 1 establishment unit since 2013
Ground area
2,689 m²
Building footprint
772 m²
Volume, LiDAR
5,001 m³
Parcel 55033D0020/00X000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Handelslaan(P.E) 13, 7850 Enghien
since 20132.226.802.571
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033D0020/00X000 | Wallonia | 2,689 m² | 1 · 772 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.
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GO FAST WORK
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,175 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 (pre-2019)
Founded20-12-2013
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail
lcqa.ets@gmail.comEnghien
Phone
0475/687832Enghien
Scores and ratios are computed by Checked and are not a credit decision.