LMV CONSTRUCT
ActiveSummary
LMV CONSTRUCT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €251k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+24
Solvency53▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.33 in 2024; short-term debt: 57% and cash: 2.9% of total assets), and 71.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Sector 25
higher
← 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
28.4%
Return on assets
5.6%
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
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 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
2 d early
2023
162 d late
2022
10 d late
2021
3 d late
2020
on the day
2019
33 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
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.27M▲ 24.7%
2024 · €1.02M
2018: €564k
2019: €653k
2020: €834k
2021: €916k
2022: €925k
2023: €971k
2024: €1.02M
2018 → 2025
Total assets
€4.47M▲ 20.2%
2024 · €3.72M
2018: €3.68M
2019: €3.32M
2020: €5.04M
2021: €4.15M
2022: €4.53M
2023: €3.79M
2024: €3.72M
2018 → 2025
Net result
€251k▲ 454%
2024 · €45k
2018: €108k
2019: €95k
2020: €181k
2021: €81k
2022: €10k
2023: €46k
2024: €45k
2018 → 2025
Working capital
€966k▲ 39.6%
2024 · €692k
2018: €538k
2019: €613k
2020: €505k
2021: €730k
2022: €666k
2023: €620k
2024: €692k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€916k-€925k▲ 1.1%€971k▲ 4.9%€1.02M▲ 4.7%€1.27M▲ 24.7%
Operating result€124k-€36k▼ 70.6%€82k▲ 126%€104k▲ 26.8%€450k▲ 332%
Net result€81k-€10k▼ 87.8%€46k▲ 361%€45k▼ 0.6%€251k▲ 454%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 332% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.47M
Fixed assets
€956k ▲ 4.8%
Current assets
€3.51M ▲ 25.1%
Equity and liabilities €4.47M
Equity
€1.27M ▲ 24.7%
Debt
€3.20M ▲ 18.4%
Debt's share of the balance-sheet total falls from 72.7% to 71.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€545k▲
2024 · €202k
Cash flow
€346k▲
2024 · €143k
Current ratio
1.38▲
2024 · 1.33
Quick ratio
0.79▼
2024 · 0.95
Debt to equity
2.52▼
2024 · 2.66
ROE
19.8%▲
2024 · 4.5%
ROA
5.6%▲
2024 · 1.2%
Interest coverage
7.43▲
2024 · 3.83
Debt ≤ 1 year
€2.54M▲
2024 · €2.11M
Debt > 1 year
€612k▲
2024 · €588k
Income taxes
€126k▲
2024 · €8k
Staff costs
€577k▲
2024 · €480k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.72M€4.47M▲
Fixed assets21/28€912k€956k▲
Tangible fixed assets22/27€912k€956k▲
Land and buildings22€819k€776k▼
Plant, machinery and equipment23€68k€40k▼
Furniture and vehicles24€25k€140k▲
Financial fixed assets28€0-
Current assets29/58€2.80M€3.51M▲
Stocks and contracts in progress3€799k€1.51M▲
Stocks30/36€171k€312k▲
Contracts in progress37€629k€1.20M▲
Amounts receivable within one year40/41€1.94M€1.85M▼
Trade receivables40€1.77M€1.55M▼
Other amounts receivable41€176k€298k▲
Cash at bank and in hand54/58€58k€131k▲
Deferred charges and accrued income490/1€5k€22k▲
Equity and liabilities
Total equity and liabilities10/49€3.72M€4.47M▲
Equity10/15€1.02M€1.27M▲
Contributions10/11€129k€129k=
Reserves13€888k€1.14M▲
Non-distributable reserves130/1€13k€0▼
Reserves not available under the articles1311€13k€0▼
Tax-exempt reserves132€38k€38k=
Distributable reserves133€838k€1.10M▲
Amounts payable17/49€2.70M€3.20M▲
Amounts payable after more than one year17€588k€612k▲
Financial debts170/4€588k€612k▲
Amounts payable within one year42/48€2.11M€2.54M▲
Current portion of amounts payable after more than one year42€55k€74k▲
Financial debts43€200k€217k▲
Credit institutions430/8€200k€217k▲
Trade debts44€1.53M€1.85M▲
Suppliers440/4€1.53M€1.85M▲
Taxes, remuneration and social security45€137k€126k▼
Taxes450/3€27k€80k▲
Remuneration and social security454/9€109k€46k▼
Other amounts payable47/48€196k€276k▲
Accrued charges and deferred income492/3€0€42k▲
Income statement
Code20242025
Non-recurring operating income76A€0€8k▲
Remuneration, social security and pensions62€480k€577k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€94k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-10k€0▲
Other operating charges640/8€21k€122k▲
Non-recurring operating charges66A€-24k€0▲
Gross operating margin9900€668k€1.24M▲
Operating profit (loss)9901€104k€450k▲
Financial income75/76B€1k€510▼
Recurring financial income75€1k€510▼
Financial charges65/66B€53k€73k▲
Recurring financial charges65€53k€73k▲
Profit (loss) for the period before taxes9903€53k€377k▲
Income taxes67/77€8k€126k▲
Profit (loss) for the period9904€45k€251k▲
Profit (loss) for the period to be appropriated9905€45k€251k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€251k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€45k€251k▲
To other reserves6921€45k€251k▲
Social balance
Average headcount (FTE)90877.66.3▼
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €251k ▲454%
Operating result €450k, net result €251k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 162 days late
30-09
Financial
Equity above €1MEq €1.02M ▲4.7%
7 profitable years in a row build equity to €1.02M.
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
30-09
Financial
Weakest financial yearnet €10k ▼87.8%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 33 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zonnebeke · 1 establishment unit since 2009
Ground area
2,704 m²
Building footprint
667 m²
Volume, LiDAR
2,880 m³
Parcel 33037D0695/00D000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LV Construct
since 20092.183.862.255
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037D0695/00D000 | Flanders | 2,704 m² | 1 · 667 m² | 7.6 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 272 EUR awarded · 272 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 272 EUR | 272 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2010
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
68121Development of residential building projects
43410Roofing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.