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 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0▼-46
Growth32▼-46
Track record100
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; short-term debt: 110.2% of total assets), 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
21 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
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 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
2018: €8k
2019: €54k
2020: €83k
2021: €97k
2022: €104k
2023: €52k
2018 → 2024
Total assets
€234k▼ 4.1%
2023 · €244k
2018: €297k
2019: €235k
2020: €240k
2021: €267k
2022: €318k
2023: €244k
2018 → 2024
Net result
€-116k▼ 122%
2023 · €-52k
2018: €-92k
2019: €46k
2020: €29k
2021: €14k
2022: €7k
2023: €-52k
2018 → 2024
Working capital
€-129k▼ 496%
2023 · €-22k
2018: €-46k
2019: €-10k
2020: €27k
2021: €24k
2022: €38k
2023: €-22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€83k-€97k▲ 17.1%€104k▲ 7.1%€52k▼ 50.2%€-64k
Operating result€40k-€22k▼ 44.1%€21k▼ 4.2%€-42k€-98k▼ 130%
Net result€29k-€14k▼ 51.2%€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 has the lowest result in the available series.
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
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
Assets
Total assets20/58€244k€234k▼
Fixed assets21/28€105k€105k▲
Tangible fixed assets22/27€99k€100k▲
Land and buildings22€81k€88k▲
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€15k€8k▼
Financial fixed assets28€5k€5k=
Current assets29/58€139k€129k▼
Stocks and contracts in progress3€110k€111k▲
Stocks30/36€42k€38k▼
Contracts in progress37€68k€73k▲
Amounts receivable within one year40/41€23k€15k▼
Trade receivables40€2k€11k▲
Other amounts receivable41€22k€3k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€244k€234k▼
Equity10/15€52k€-64k▼
Contributions10/11€75k€75k=
Reserves13€28k€28k=
Non-distributable reserves130/1€8k-
Reserves not available under the articles1311€8k-
Distributable reserves133€21k€28k▲
Profit (loss) carried forward14€-51k€-167k▼
Amounts payable17/49€193k€298k▲
Amounts payable after more than one year17€31k€40k▲
Financial debts170/4€31k€40k▲
Amounts payable within one year42/48€161k€258k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Financial debts43€18k€18k▼
Credit institutions430/8€18k€18k▼
Trade debts44€114k€122k▲
Suppliers440/4€114k€122k▲
Taxes, remuneration and social security45€15k€23k▲
Taxes450/3€3k€11k▲
Remuneration and social security454/9€12k€13k▲
Other amounts payable47/48-€80k
Accrued charges and deferred income492/3€295€295=
Income statement
Code20232024
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€190k€214k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€176k€145k▼
Operating profit (loss)9901€-42k€-98k▼
Financial income75/76B€242€0▼
Recurring financial income75€242€0▼
Financial charges65/66B€10k€18k▲
Recurring financial charges65€10k€18k▲
Profit (loss) for the period before taxes9903€-52k€-115k▼
Income taxes67/77€305€279▼
Profit (loss) for the period9904€-52k€-116k▼
Profit (loss) for the period to be appropriated9905€-52k€-116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-167k▼
Profit (loss) brought forward from the previous period14P€714€-51k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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%
4 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
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
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
Directors
2 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, Waregem · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Astridlaan 728792 WaregemGround area
1,457 m²
Building footprint
232 m²
Volume, LiDAR
1,012 m³
Parcel 34010A0187/00S000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BART LAVAERT BVBA
since 19972.080.403.045
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0187/00S000 | Flanders | 1,457 m² | 1 · 232 m² | 5.4 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.
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Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 7,424 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 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.