Summary
LA.MA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.3m and a net result of -€65,168. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 2451 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
17 d early
2023
48 d early
2022
17 d early
2021
24 d early
2020
53 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€1.3m▼ 4.9%
2024 · €1.3m
Net result
-€65,168▲ 0.1%
2024 · -€65,207
Total assets
€2.6m▼ 1.6%
2024 · €2.6m
Solvency
48.2%▼ 1.7pp
2024 · 49.9%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€60,416▲ 8.4%-€63,851▼ 5.7%-€65,839▼ 3.1%-€68,337▼ 3.8%-€67,155▲ 1.7%
Net result-€60,833below the sector's middle half▲ 8.2%-€64,231below the sector's middle half▼ 5.6%-€64,000below the sector's middle half▲ 0.4%-€65,207below the sector's middle half▼ 1.9%-€65,168below the sector's middle half▲ 0.1%
Equity€1.5mwithin the sector's middle half▼ 3.9%€1.4mwithin the sector's middle half▼ 4.2%€1.4mwithin the sector's middle half▼ 4.4%€1.3mwithin the sector's middle half▼ 4.7%€1.3mwithin the sector's middle half▼ 4.9%
Total assets€1.5mbelow the sector's middle half▼ 3.9%€1.5mbelow the sector's middle half▼ 4.2%€1.4mbelow the sector's middle half▼ 4.4%€2.6mwithin the sector's middle half▲ 90.4%€2.6mbelow the sector's middle half▼ 1.6%
Debt€3,250▼ 17.4%€3,848▲ 18.4%€4,086▲ 6.2%€1.3m▲ 32,311%€1.3m▲ 1.6%
Working capital€336,728within the sector's middle half▲ 2.1%€340,322within the sector's middle half▲ 1.1%€344,367within the sector's middle half▲ 1.2%€366,256within the sector's middle half▲ 6.4%€368,894within the sector's middle half▲ 0.7%
Solvency99.8%above the sector's middle half=99.7%above the sector's middle half▼ 0.1pp99.7%above the sector's middle half=49.9%within the sector's middle half▼ 49.8pp48.2%within the sector's middle half▼ 1.7pp
Current ratio89.44above the sector's middle half90.09above the sector's middle half▲ 0.651.28within the sector's middle half▼ 88.811.28within the sector's middle half=
Return on assets (ROA)-4.0%below the sector's middle half▲ 0.2pp-4.4%below the sector's middle half▼ 0.4pp-4.6%below the sector's middle half▼ 0.2pp-2.5%below the sector's middle half▲ 2.1pp-2.5%below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €67,155 in 2025 against €68,337 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€904,793 ▼ 7.0%
Current assets
€1.7m ▲ 1.5%
Equity and liabilities €2.6m
Equity
€1.3m ▼ 4.9%
Debt
€1.3m ▲ 1.6%
Debt's share of the balance-sheet total rises from 50.1% to 51.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-5.2%▼
2024 · -4.9%
Debt ≤ 1 year
€1.3m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Other operating income74 | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Operating charges60/66A | €78,416 | €81,851 | €83,839 | €86,337 | €85,155 | ▼ 1.4% |
| Services and other goods61 | €7,814 | €9,772 | €11,174 | €12,021 | €11,947 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,825 | €67,825 | €67,825 | €67,825 | €67,825 | = |
| Other operating charges640/8 | €2,778 | €4,254 | €4,840 | €6,491 | €5,384 | ▼ 17.1% |
| Operating profit (loss)9901 | -€60,416 | -€63,851 | -€65,839 | -€68,337 | -€67,155 | ▲ 1.7% |
| Financial income75/76B | - | - | €2,159 | €22,573 | €21,548 | ▼ 4.5% |
| Recurring financial income75 | - | - | €2,159 | €22,573 | €21,548 | ▼ 4.5% |
| Income from current assets751 | - | - | €2,159 | €22,573 | €21,548 | ▼ 4.5% |
| Financial charges65/66B | €417 | €379 | €320 | €19,443 | €19,561 | ▲ 0.6% |
| Recurring financial charges65 | €417 | €379 | €320 | €19,443 | €19,561 | ▲ 0.6% |
| Debt charges650 | - | - | - | €19,240 | €19,334 | ▲ 0.5% |
| Other financial charges652/9 | €417 | €379 | €320 | €203 | €227 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | -€60,833 | -€64,231 | -€64,000 | -€65,207 | -€65,168 | ▲ 0.1% |
| Profit (loss) for the period9904 | -€60,833 | -€64,231 | -€64,000 | -€65,207 | -€65,168 | ▲ 0.1% |
| Profit (loss) for the period to be appropriated9905 | -€60,833 | -€64,231 | -€64,000 | -€65,207 | -€65,168 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.4m | €2.6m | €2.6m | ▼ 1.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.0m | €972,618 | €904,793 | ▼ 7.0% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.0m | €972,618 | €904,793 | ▼ 7.0% |
| Land and buildings22 | €1.2m | €1.1m | €1.0m | €972,618 | €904,793 | ▼ 7.0% |
| Current assets29/58 | €339,978 | €344,170 | €348,233 | €1.7m | €1.7m | ▲ 1.5% |
| Amounts receivable within one year40/41 | - | €2 | €747 | €1.3m | €1.3m | = |
| Other amounts receivable41 | - | €2 | €747 | €1.3m | €1.3m | = |
| Cash at bank and in hand54/58 | €339,978 | €342,103 | €344,562 | €349,097 | €371,405 | ▲ 6.4% |
| Deferred charges and accrued income490/1 | - | €2,065 | €2,923 | €20,263 | €22,141 | ▲ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.4m | €2.6m | €2.6m | ▼ 1.6% |
| Equity10/15 | €1.5m | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 4.9% |
| Contributions10/11 | €22,500 | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Reserves13 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 5.0% |
| Non-distributable reserves130/1 | €7,250 | €7,250 | - | - | - | - |
| Reserves not available under the articles1311 | €7,250 | €7,250 | - | - | - | - |
| Tax-exempt reserves132 | €4,818 | €4,818 | €4,818 | €4,818 | €4,818 | = |
| Distributable reserves133 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 5.0% |
| Amounts payable17/49 | €3,250 | €3,848 | €4,086 | €1.3m | €1.3m | ▲ 1.6% |
| Amounts payable within one year42/48 | €3,250 | €3,848 | €3,865 | €1.3m | €1.3m | ▲ 1.7% |
| Trade debts44 | €3,250 | €3,846 | €3,766 | €4,752 | €8,136 | ▲ 71.2% |
| Suppliers440/4 | €3,250 | €3,846 | €3,766 | €4,752 | €8,136 | ▲ 71.2% |
| Taxes, remuneration and social security45 | - | €2 | €99 | - | - | - |
| Taxes450/3 | - | €2 | €99 | - | - | - |
| Other amounts payable47/48 | - | - | - | €1.3m | €1.3m | ▲ 1.4% |
| Accrued charges and deferred income492/3 | - | - | €220 | €19,492 | €19,473 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,833 | -€64,231 | -€64,000 | -€65,207 | -€65,168 | ▲ 0.1% |
| + Depreciation and write-downs630 | €67,825 | €67,825 | €67,825 | €67,825 | €67,825 | = |
| Operating cash flow (approximation) | €6,992 | €3,594 | €3,825 | €2,617 | €2,656 | ▲ 1.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,125 | €2,459 | €4,535 | €22,308 | ▲ 392% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€66,246
Net result drops to -€66,246, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2007
Ground area
612 m²
Building footprint
436 m²
Volume, LiDAR
48 m³
Parcel 44807G0760/04M000, Flanders · tallest building 2.2 m. Linked by address, not a title deed.
1 establishment unit
LA.MA
since 20072.168.037.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0760/04M000 | Flanders | 612 m² | 1 · 436 m² | 2.2 m |
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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Of 24,721 companies in this sector we hold annual accounts for 19,804. 12,181 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894671877
Also
9925:BE0894671877
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.