Summary
LAAD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €174,475 and a net result of €109,002. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 2777 sector peers (fiscal year 2024). The company has been active since 2019 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 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
22 d early
2022
24 d late
2021
19 d late
2020
24 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#10 company by equity in Gembloux, Finance and insurance sector
Equity
€174,475▲ 166%
2023 · €65,473
Net result
€109,002▲ 1,175%
2023 · €8,549
Total assets
€286,860▲ 12.0%
2023 · €256,109
Solvency
60.8%▲ 35.3pp
2023 · 25.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,915▲ 186%€8,255▼ 7.4%€12,188▲ 47.6%€13,957▲ 14.5%€14,364▲ 2.9%
Net result€36,192€2,687▼ 92.6%€6,582▲ 145%€8,549▲ 29.9%€109,002▲ 1,175%
Equity€41,455▲ 688%€50,342▲ 21.4%€56,924▲ 13.1%€65,473▲ 15.0%€174,475▲ 166%
Total assets€236,775▲ 2.2%€245,397▲ 3.6%€251,543▲ 2.5%€256,109▲ 1.8%€286,860▲ 12.0%
Debt€195,321▼ 13.8%€195,055▼ 0.1%€194,619▼ 0.2%€190,636▼ 2.0%€112,385▼ 41.0%
Working capital-€30,301▼ 16.0%-€49,368▼ 62.9%-€71,534▼ 44.9%-€92,551▼ 29.4%-€21,159▲ 77.1%
Solvency17.5%▲ 15.2pp20.5%▲ 3.0pp22.6%▲ 2.1pp25.6%▲ 2.9pp60.8%▲ 35.3pp
Staff (FTE)000
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €286,860
Fixed assets
€245,624 ▲ 9.2%
Current assets
€41,236 ▲ 32.6%
Equity and liabilities €286,860
Equity
€174,475 ▲ 166%
Debt
€112,385 ▼ 41.0%
Debt's share of the balance-sheet total falls from 74.4% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
62.5%▲
2023 · 13.1%
ROA
38.0%▲
2023 · 3.3%
Debt ≤ 1 year
€62,395▼
2023 · €123,660
Debt > 1 year
€49,990▼
2023 · €66,976
Income taxes
€3,796▲
2023 · €3,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | €1,269 | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | €630 | ▲ 63.8% |
| Gross operating margin9900 | €9,351 | €8,603 | €12,536 | €14,341 | €16,262 | ▲ 13.4% |
| Operating profit (loss)9901 | €8,915 | €8,255 | €12,188 | €13,957 | €14,364 | ▲ 2.9% |
| Financial income75/76B | - | €388 | €1,153 | €1,292 | €101,522 | ▲ 7,755% |
| Recurring financial income75 | €133 | €388 | €1,153 | €1,292 | €101,522 | ▲ 7,755% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €4,878 | €4,159 | €3,364 | €3,088 | ▼ 8.2% |
| Recurring financial charges65 | €5,330 | €4,878 | €4,159 | €3,364 | €3,088 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €37,045 | €3,765 | €9,182 | €11,885 | €112,798 | ▲ 849% |
| Income taxes67/77 | €853 | €1,078 | €2,600 | €3,336 | €3,796 | ▲ 13.8% |
| Profit (loss) for the period9904 | €36,192 | €2,687 | €6,582 | €8,549 | €109,002 | ▲ 1,175% |
| Profit (loss) for the period to be appropriated9905 | €36,192 | €2,687 | €6,582 | €8,549 | €109,002 | ▲ 1,175% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236,775 | €245,397 | €251,543 | €256,109 | €286,860 | ▲ 12.0% |
| Fixed assets21/28 | €225,000 | €225,000 | €225,000 | €225,000 | €245,624 | ▲ 9.2% |
| Tangible fixed assets22/27 | - | - | - | - | €20,624 | - |
| Furniture and vehicles24 | - | - | - | - | €20,624 | - |
| Financial fixed assets28 | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 | = |
| Current assets29/58 | €11,775 | €20,397 | €26,543 | €31,109 | €41,236 | ▲ 32.6% |
| Amounts receivable within one year40/41 | €2,070 | €9,921 | €22,374 | €25,210 | €34,772 | ▲ 37.9% |
| Trade receivables40 | - | - | - | - | €10,480 | - |
| Other amounts receivable41 | - | €9,921 | €22,374 | €25,210 | €24,292 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €9,572 | €10,088 | €3,017 | €4,606 | €4,328 | ▼ 6.0% |
| Deferred charges and accrued income490/1 | - | €388 | €1,153 | €1,292 | €2,136 | ▲ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236,775 | €245,397 | €251,543 | €256,109 | €286,860 | ▲ 12.0% |
| Equity10/15 | €41,455 | €50,342 | €56,924 | €65,473 | €174,475 | ▲ 166% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €35,255 | €37,942 | €44,524 | €53,073 | €162,075 | ▲ 205% |
| Amounts payable17/49 | €195,321 | €195,055 | €194,619 | €190,636 | €112,385 | ▼ 41.0% |
| Amounts payable after more than one year17 | €153,244 | €125,291 | €96,542 | €66,976 | €49,990 | ▼ 25.4% |
| Financial debts170/4 | - | €125,291 | €96,542 | €66,976 | €49,990 | ▼ 25.4% |
| Amounts payable within one year42/48 | €42,077 | €69,765 | €98,077 | €123,660 | €62,395 | ▼ 49.5% |
| Current portion of amounts payable after more than one year42 | - | €27,954 | €28,748 | €29,566 | €34,622 | ▲ 17.1% |
| Trade debts44 | €634 | €646 | €642 | €671 | €4,342 | ▲ 547% |
| Suppliers440/4 | - | €646 | €642 | €671 | €4,342 | ▲ 547% |
| Taxes, remuneration and social security45 | - | €1,078 | €2,600 | €3,336 | €9,245 | ▲ 177% |
| Taxes450/3 | - | €1,078 | €2,600 | €3,336 | €7,745 | ▲ 132% |
| Remuneration and social security454/9 | - | - | - | - | €1,500 | - |
| Other amounts payable47/48 | - | €40,087 | €66,087 | €90,087 | €14,187 | ▼ 84.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,192 | €2,687 | €6,582 | €8,549 | €109,002 | ▲ 1,175% |
| + Depreciation and write-downs630 | €0 | - | - | - | €1,269 | - |
| Operating cash flow (approximation) | €36,192 | €2,687 | €6,582 | €8,549 | €110,271 | ▲ 1,190% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€21,893 | - |
| Change in cash | - | €516 | -€7,071 | €1,589 | -€278 | ▼ 118% |
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
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €109,002 ▲1,175%
Operating result €14,364, net result €109,002, both a record.
31-12
Financial
Equity above €150,000Eq €174,475 ▲166%
5 profitable years in a row build equity to €174,475.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
31-12
Financial
Back to profitnet €36,192
Net result €36,192 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gembloux · 1 establishment unit since 2019
Ground area
206 m²
Building footprint
45 m²
Parcel 92053D0172/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LAAD
since 20192.291.502.066
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053D0172/00N000 | Wallonia | 205 m² | 1 · 44 m² | - |
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 24,730 companies in sector 64210 we hold annual accounts for 19,772. 13,453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
adrian.logist@gmail.com
Phone
+32475948771
Scores and ratios are computed by Checked and are not a credit decision.