BART LAVAERT
ActiveBART LAVAERT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-64k) and a net result of €-116k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
7
/ 100
Critical▲ +5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency33▲+8
Growth32=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.87 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-27.3%
Return on assets
-49.4%
Age of the figures
20 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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€64k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
27 d late
2022
29 d late
2021
31 d early
2020
30 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-64k
2023 · €52k
2021: €97k
2022: €104k
2023: €52k
2021 → 2024
Total assets
€234k▼ 4.1%
2023 · €244k
2021: €267k
2022: €318k
2023: €244k
2021 → 2024
Net result
€-116k▼ 122%
2023 · €-52k
2021: €14k
2022: €7k
2023: €-52k
2021 → 2024
Working capital
€-129k▼ 496%
2023 · €-22k
2021: €24k
2022: €38k
2023: €-22k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€97k-€104k▲ 7.1%€52k▼ 50.2%€-64k
Operating result€22k-€21k▼ 4.2%€-42k€-98k▼ 130%
Net result€14k-€7k▼ 51.2%€-52k€-116k▼ 122%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €98k in 2024 against €42k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €234k
Fixed assets
€105k▲ 0.4%
Current assets
€129k▼ 7.5%
Key figures and ratios
EBITDA
€-71k▼
2023 · €-17k
Cash flow
€-90k▼
2023 · €-26k
Solvency
-27.3%▼
2023 · 21.1%
Current ratio
0.50▼
2023 · 0.87
Quick ratio
0.07▼
2023 · 0.18
Debt / equity
-4.66▼
2023 · 3.73
ROE
180.7%▲
2023 · -100.9%
ROA
-49.4%▼
2023 · -21.3%
Interest coverage
-4.00▼
2023 · -1.72
Debt
€298k▲
2023 · €193k
Debt ≤ 1 year
€258k▲
2023 · €161k
Debt > 1 year
€40k▲
2023 · €31k
Income taxes
€279▼
2023 · €305
Staff costs
€214k▲
2023 · €190k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€244k€234k▼
Fixed assets
21/28€105k€105k▲
Tangible fixed assets
22/27€99k€100k▲
Financial fixed assets
28€5k€5k=
Current assets
29/58€139k€129k▼
Stocks & contracts in progress
3€110k€111k▲
Amounts receivable within one year
40/41€23k€15k▼
Total equity & liabilities
10/49€244k€234k▼
Equity
10/15€52k€-64k▼
Contributions / capital
10/11€75k€75k=
Reserves
13€28k€28k=
Accumulated profits (losses)
14€-51k€-167k▼
Amounts payable
17/49€193k€298k▲
Amounts payable after one year
17€31k€40k▲
Amounts payable within one year
42/48€161k€258k▲
Trade debts payable within one year
44€114k€122k▲
Income statement
Code20232024
Gross operating margin
9900€176k€145k▼
Operating result
9901€-42k€-98k▼
Financial income
75€242€0▼
Financial charges
65€10k€18k▲
Result before taxes
9903€-52k€-115k▼
Income taxes
67/77€305€279▼
Net result for the period
9904€-52k€-116k▼
Result to be appropriated
9905€-52k€-116k▼
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €100kEq €104k ▲7.1%
2 profitable years in a row build equity to €104k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-06
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.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
Pure Outdoor
BE 1002.810.249
Brakel · Eq €52k
BEN & BOIS
BE 1008.706.958
Chaumont-Gistoux · Eq €52k
DINKY BOYS
BE 0894.746.707
Linter · Eq €52k
JOY INTERIEUR
BE 0687.524.122
Oostkamp · Eq €52k
Project Hout Roose Anseric
BE 1016.186.153
Zonnebeke · Eq €52k
Of 19,936 companies in sector 43320 we hold annual accounts for 8,958. 7,281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1996
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 04-08-2026. Scores and ratios are computed by Checked and are not a credit decision.