OPENING OF BANKRUPTCY

LOWCOST CONSTRUCT

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Financial year 2019 · closed on 31/12/2019

Net result

26,9 k €

+106.2% YoY

Gross margin

52,6 k €

+299.4% YoY

Equity

29,2 k €

+1147.2% YoY

Company — Opening of bankruptcy.

What does LOWCOST CONSTRUCT do?

LOWCOST CONSTRUCT is a Private company with limited liability incorporated in 1997. Its main activity is: Construction of buildings. Its registered office is in Wavre.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0460.706.448

Incorporation

22/05/1997

Legal form

Private company with limited liability

Registered office

Chemin de Louvranges 72
1300 Wavre · WallonieSee on map

Contributed capital

30 986,69 €

Latest accounts

31/12/2019

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	52,6 k €	+299%	13,2 k €		–		–		0 €	-100%	5,9 €	+100%	-1,7 k €	-238%	-490,6 €	-108%	6,5 k €	-80.5%	33,5 k €	-10.0%	37,2 k €	+18.5%	31,4 k €	+24.4%	25,2 k €	-40.3%	42,3 k €
EBITDA	41,2 k €	+215%	13,1 k €		–		–		0 €	-100%	5,9 €	+100%	-1,7 k €	-24.2%	-1,3 k €	+84.2%	-8,5 k €	+22.3%	-11 k €	-325%	-2,6 k €	-166%	3,9 k €	-61.5%	10,1 k €	-64.7%	28,6 k €
Operating result	26,4 k €	+102%	13,1 k €		–		–		0 €	-100%	5,9 €	+100%	-1,7 k €	-24.2%	-1,3 k €	+84.2%	-8,5 k €	+31.2%	-12,4 k €	-78.7%	-6,9 k €	+26.9%	-9,5 k €	-90.4%	-5 k €	-137%	13,3 k €
Net result	26,9 k €	+106%	13 k €		–		–		-51,1 €	+49.7%	-101,7 €	-114%	722 €	+143%	-1,7 k €	+85.3%	-11,5 k €	+12.8%	-13,1 k €	-65.3%	-7,9 k €	+32.2%	-11,7 k €	-63.9%	-7,2 k €	-158%	12,4 k €
Balance sheet
Equity	29,2 k €	+1147%	2,3 k €	+122%	-10,7 k €	0.0%	-10,7 k €	0.0%	-10,7 k €	-0.5%	-10,6 k €	-1.0%	-10,5 k €	+6.4%	-11,3 k €	-17.7%	-9,6 k €	-605%	1,9 k €	-87.4%	15 k €	-34.6%	23 k €	-33.8%	34,7 k €	-17.1%	41,9 k €
Total assets	420,4 k €	+519%	67,9 k €	+52365%	129,4 €	+102%	64,2 €	0.0%	64,2 €	-94.2%	1,1 k €	+748%	129,4 €	0.0%	129,4 €	-92.9%	1,8 k €	-95.5%	40,8 k €	+14.5%	35,6 k €	-19.5%	44,3 k €	-17.4%	53,6 k €	-9.1%	58,9 k €
Cash	52 k €	+4.7%	49,6 k €		–		–		0 €		0 €		0 €		–		224,6 €	-82.9%	1,3 k €	+257%	368,4 €	-55.9%	836,2 €	-67.5%	2,6 k €	+117%	1,2 k €
Debts	391,2 k €	+1864%	19,9 k €	+84.2%	10,8 k €	+0.6%	10,7 k €	0.0%	10,7 k €	-8.4%	11,7 k €	+10.0%	10,7 k €	-6.3%	11,4 k €	-0.1%	11,4 k €	-70.7%	38,9 k €	+88.9%	20,6 k €	-3.1%	21,3 k €	+12.8%	18,9 k €	+10.5%	17,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,5 ETP	+15.4%	1,3 ETP	+160%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2019 · 1 active · 3 ended

Active mandates

LAURENT MOINS

Mandate

Active

Ended mandates

ANDRE BRADI

Manager

Ended

MARCEL GEIBEN

Mandate

Ended

PHILIPPE BRADI

Mandate

Ended

Annual accounts

Full financial information

	2019	2018	2017	2016	2015	2014
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2019	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014
Closing of the financial year	31/12/2019	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/05/2021	19/05/2021	19/05/2021	19/05/2021	31/08/2016	19/08/2015
General meeting	25/05/2020	27/05/2019	28/05/2018	29/05/2017	24/05/2016	25/05/2015
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2019	25/05/2020	19/05/2021	French	PDF
Micro model	31/12/2018	27/05/2019	19/05/2021	French	PDF
Abridged model	31/12/2017	28/05/2018	19/05/2021	French	PDF
Abridged model	31/12/2016	29/05/2017	19/05/2021	French	PDF
Abridged model	31/12/2015	24/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	25/05/2015	19/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	30/08/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2019 · 1 active · 3 ended

Active mandates

LAURENT MOINS

Mandate

Active

Ended mandates

ANDRE BRADI

Manager

Ended

MARCEL GEIBEN

Mandate

Ended

PHILIPPE BRADI

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/06/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - CAPITAL, ACTIONS
PDF
Mandates26/04/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office13/12/2011
SIEGE SOCIAL
PDF
Mandates10/05/2007
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2019
Annual accounts 201926,9 k €↑
2018
Annual accounts 201813 k €↑
2017
Annual accounts 2017
2016
Annual accounts 2016
2016
Name changeLOWCOST CONSTRUCT
2015
Annual accounts 2015-51,1 €↑
2014
Annual accounts 2014-101,7 €↓
2013
Annual accounts 2013722 €↑
2012
Annual accounts 2012-1,7 k €↑
2011
Annual accounts 2011-11,5 k €↑
2010
Annual accounts 2010-13,1 k €↓
2009
Annual accounts 2009-7,9 k €↑
2008
Annual accounts 2008-11,7 k €↓
2007
Annual accounts 2007-7,2 k €↓
2006
Annual accounts 200612,4 k €
2006
Name changeLE LAC
22/05/1997
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LOWCOST CONSTRUCT

Overview

What does LOWCOST CONSTRUCT do?

Trend over 14 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline