Public limited company · founded 2017 · 9 yrs activeMaliestraat 50, 1050 Elsene, BelgiumKBO/BCE: BE 0680.845.473
Summary
Lab Box has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €10.9m and a net result of -€5.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability8=
Solvency37▼-7
Growth35▼-5
Track record92
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.03 in 2024; short-term debt: 43.3% and cash: 0% of total assets), and 87.9% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
+
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
Lab Box was incorporated on 8 September 2017.1The board currently has 2 members; Denis GORTEMAN has served longest, since 2026.2Revenue fell from EUR 2.9 million in 2018 to EUR 422,921 in 2025 and headcount from 7.7 to 1 full-time equivalents.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€20.4mbelow the sector's middle half€1.9mabove the sector's middle half-€4.0mbelow the sector's middle half-€4.7mbelow the sector's middle half▼ 15.6%-€5.3mbelow the sector's middle half▼ 13.0%
Equity€22.9mabove the sector's middle half▲ 66.0%€24.8mabove the sector's middle half▲ 8.3%€20.8mabove the sector's middle half▼ 16.2%€16.1mabove the sector's middle half▼ 22.4%€10.9mabove the sector's middle half▼ 32.6%
Total assets€27.6mabove the sector's middle half▲ 73.1%€56.4mabove the sector's middle half▲ 105%€64.2mabove the sector's middle half▲ 13.9%€84.7mabove the sector's middle half▲ 31.8%€89.9mabove the sector's middle half▲ 6.1%
Working capital-€3.0mbelow the sector's middle half▼ 105%-€28.8mbelow the sector's middle half▼ 853%-€8.6mbelow the sector's middle half▲ 70.2%-€33.9mbelow the sector's middle half▼ 294%-€35.0mbelow the sector's middle half▼ 3.4%
Solvency83.2%above the sector's middle half▼ 3.5pp44.0%within the sector's middle half▼ 39.2pp32.4%within the sector's middle half▼ 11.7pp19.1%below the sector's middle half▼ 13.3pp12.1%below the sector's middle half▼ 6.9pp
Current ratio0.34below the sector's middle half▲ 0.040.06below the sector's middle half▼ 0.280.17below the sector's middle half▲ 0.110.03below the sector's middle half▼ 0.140.10below the sector's middle half▲ 0.07
Return on assets (ROA)-74.0%below the sector's middle half▼ 76.9pp3.4%within the sector's middle half▲ 77.3pp-6.3%below the sector's middle half▼ 9.6pp-5.5%below the sector's middle half▲ 0.8pp-5.8%below the sector's middle half▼ 0.4pp
Staff (FTE)11.9within the sector's middle half▼ 16.8%9.1within the sector's middle half▼ 23.5%13.6within the sector's middle half▲ 49.5%2.1within the sector's middle half▼ 84.6%1below the sector's middle half▼ 52.4%
abovewithinbelowthe middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 €1.0m in 2025 against €2.1m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89.9m
95.7%
Fixed assets€86.0m ▲ 2.6%
Current assets€3.9m ▲ 345%
Equity and liabilities €89.9m
12.1%
84.0%
Equity€10.9m ▼ 32.6%
Provisions€3.5m ▲ 5.7%
Debt€75.5m ▲ 15.7%
Debt's share of the balance-sheet total rises from 77.0% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€926,068▲
2024 · -€1.9m
Cash flow
-€5.2m▼
2024 · -€4.5m
Debt to equity
6.93▲
2024 · 4.04
ROE
-48.3%▼
2024 · -28.8%
Interest coverage
-0.29▲
2024 · -0.82
Debt ≤ 1 year
€38.9m▲
2024 · €34.8m
Debt > 1 year
€35.0m▲
2024 · €30.0m
Staff costs
€168,586▼
2024 · €258,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 77 lines
Balance sheetCode20242025
Assets
Total assets20/58€84.7m€89.9m▲
Fixed assets21/28€83.8m€86.0m▲
Intangible fixed assets21€181,550€107,122▼
Tangible fixed assets22/27€52,093€26,234▼
Furniture and vehicles24€52,093€26,234▼
Other tangible fixed assets26€0-
Financial fixed assets28€83.6m€85.9m▲
Affiliated companies280/1€83.6m€85.9m▲
Participating interests280€82.8m€85.9m▲
Amounts receivable281€791,365€0▼
Other financial fixed assets284/8€4,475€0▼
Amounts receivable and cash guarantees285/8€4,475€0▼
Current assets29/58€872,643€3.9m▲
Amounts receivable after more than one year29€328,426€135,062▼
Other amounts receivable291€328,426€135,062▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€522,912€3.7m▲
Trade receivables40€452,571€169,822▼
Other amounts receivable41€70,341€3.6m▲
Cash at bank and in hand54/58-€4,772
Deferred charges and accrued income490/1€21,304€17,031▼
Equity and liabilities
Total equity and liabilities10/49€84.7m€89.9m▲
Equity10/15€16.1m€10.9m▼
Contributions10/11€43.2m€43.2m=
Capital10€43.2m€43.2m=
Issued capital100€43.2m€43.2m=
Profit (loss) carried forward14-€27.1m-€32.3m▼
Provisions and deferred taxes16€3.3m€3.5m▲
Provisions for liabilities and charges160/5€3.3m€3.5m▲
Other liabilities and charges164/5€3.3m€3.5m▲
Amounts payable17/49€65.2m€75.5m▲
Amounts payable after more than one year17€30.0m€35.0m▲
Financial debts170/4€30.0m€35.0m▲
Other loans174€30.0m€35.0m▲
Amounts payable within one year42/48€34.8m€38.9m▲
Financial debts43€34.3m€38.5m▲
Other loans439€34.3m€38.5m▲
Trade debts44€436,290€402,281▼
Suppliers440/4€436,290€402,281▼
Taxes, remuneration and social security45€24,526€39,755▲
Taxes450/3€0€0▲
Remuneration and social security454/9€24,526€39,755▲
Accrued charges and deferred income492/3€458,892€1.5m▲
Income statementCode20242025
Operating income70/76A€3.1m€1.6m▼
Turnover70€2.1m€422,921▼
Own construction capitalised72€250,800€0▼
Other operating income74€279,188€159,746▼
Non-recurring operating income76A€437,796€1.1m▲
Operating charges60/66A€5.1m€2.7m▼
Goods for resale, raw materials and consumables60€943,905€17,763▼
Purchases600/8€943,905€17,763▼
Services and other goods61€3.0m€2.2m▼
Remuneration, social security and pensions62€258,969€168,586▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129,010€100,286▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10,777€6,093▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€693,431€189,175▼
Other operating charges640/8€31,631€231▼
Non-recurring operating charges66A€40,883€0▼
Operating profit (loss)9901-€2.1m-€1.0m▲
Financial income75/76B€104,764€48,134▼
Recurring financial income75€104,764€48,134▼
Income from financial fixed assets750€104,491€48,134▼
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
14-09
State Gazette actReappointments: Denis Gorteman (director) and Réginald Gillet (director)
Power of attorney16 facts ▸
General meeting, 13-05-2026
Director reappointment, Denis Gorteman (director)
Director reappointment, Réginald Gillet (director)
Board composition, Pierre Doumit (director)
Board composition, Denis Gorteman (director)
Board composition, Réginald Gillet (director)
Power of attorney, Aurélie Van Oost
Power of attorney, Max Ryckx
Power of attorney, Sébastien Denoiseux
Power of attorney, Elisabeth Vanden Kerchove
Power of attorney, Laura Debuck
Power of attorney, Julie Vandenweghe
+4 further facts in this act
19-05
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
2025
13-06
KBO administrationAddress strikeout annulled
03-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
31-12
FinancialBack to profitnet €1.9m
Net result €1.9m after one loss-making year.
30-05
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
31-12
FinancialWeakest financial yearnet -€20.4m
Net result drops to -€20.4m, the lowest in the series; recovery starts the following year.
10-05
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
31-12
FinancialEquity above €10mEq €13.8m ▲75.2%
2 profitable years in a row build equity to €13.8m.
29-06
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
FinancialBack to profitnet €120,774
Net result €120,774 after one loss-making year.
31-12
FinancialEquity above €5mEq €7.9m ▲617%
Equity rises from €1.1m to €7.9m.
15-07
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 21 acts read
About the unread acts
Of the 21 Belgian State Gazette acts we know for this company, 1 has been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
20 of this company's 21 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
ProtectedMonumentVoormalig Nationaal Instituut voor Radio-omroep (N.I.R.)Source ↗
Brussels
4,093 m²
1 · 4,090 m²
46.8 m · 8 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
1 owner · 8 holdings · 10 subsidiaries in the tree
According to the 2025 annual accounts of Lab Box and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
9 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 2,147 companies in sector 71209 we hold annual accounts for 1,090. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.