LAB-L
ActiveSummary
LAB-L has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30k and a net result of €4k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 21% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-8
Solvency28▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 3.26 in 2023; short-term debt: 26.5% and cash: 0% of total assets), but 97.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
2.9%
Return on assets
0.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4809 sector peers (2024).
NBB · sector comparisonPosition among 4809 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
69 d late
2022
70 d late
2021
102 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 77.2%
2023 · €17k
2018: €5k
2019: €-30k▼ -766% vs 2018
2020: €24k▲ +179% vs 2019
2021: €-64k▼ -369% vs 2020lowest in 7 years
2022: €56k▲ +188% vs 2021highest in 7 years
2023: €17k▼ -69.0% vs 2022
2024: €4k▼ -77.2% vs 2023
2018 → 2024
Working capital
€458k▼ 15.9%
2023 · €544k
2018: €8klowest in 7 years
2019: €31k▲ +303% vs 2018
2020: €165k▲ +424% vs 2019
2021: €210k▲ +27.6% vs 2020
2022: €481k▲ +129% vs 2021
2023: €544k▲ +13.1% vs 2022highest in 7 years
2024: €458k▼ -15.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€17k-€-47k€9k€26k▲ 195%€30k▲ 15.1%
2020: €17k
2021: €-47k▼ -380% vs 2020lowest in 5 years
2022: €9k▲ +119% vs 2021
2023: €26k▲ +195% vs 2022
2024: €30k▲ +15.1% vs 2023highest in 5 years
Operating result€24k-€-62k€78k€33k▼ 58.1%€21k▼ 35.6%
2020: €24k
2021: €-62k▼ -357% vs 2020lowest in 5 years
2022: €78k▲ +226% vs 2021highest in 5 years
2023: €33k▼ -58.1% vs 2022
2024: €21k▼ -35.6% vs 2023
Net result€24k-€-64k€56k€17k▼ 69.0%€4k▼ 77.2%
2020: €24k
2021: €-64k▼ -369% vs 2020lowest in 5 years
2022: €56k▲ +188% vs 2021highest in 5 years
2023: €17k▼ -69.0% vs 2022
2024: €4k▼ -77.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.05M
Fixed assets
€316k ▼ 6.3%
Current assets
€738k ▼ 6.1%
Equity and liabilities €1.05M
Equity
€30k ▲ 15.1%
Debt
€1.02M ▼ 6.7%
Debt's share of the balance-sheet total falls from 97.7% to 97.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▼
2023 · €54k
Cash flow
€26k▼
2023 · €39k
Current ratio
2.64▼
2023 · 3.26
Quick ratio
1.73▲
2023 · 1.33
Debt to equity
33.76▼
2023 · 41.63
ROE
13.1%▼
2023 · 66.1%
ROA
0.4%▼
2023 · 1.6%
Interest coverage
2.79▼
2023 · 3.51
Debt ≤ 1 year
€280k▲
2023 · €241k
Debt > 1 year
€744k▼
2023 · €855k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.12M€1.05M▼
Fixed assets21/28€337k€316k▼
Tangible fixed assets22/27€337k€316k▼
Land and buildings22€290k€279k▼
Furniture and vehicles24€47k€37k▼
Current assets29/58€786k€738k▼
Stocks and contracts in progress3€466k€255k▼
Stocks30/36€466k€255k▼
Amounts receivable within one year40/41€183k€480k▲
Trade receivables40€66k€211k▲
Other amounts receivable41€116k€269k▲
Cash at bank and in hand54/58€7k€142▼
Deferred charges and accrued income490/1€130k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.05M▼
Equity10/15€26k€30k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€8k€12k▲
Amounts payable17/49€1.10M€1.02M▼
Amounts payable after more than one year17€855k€744k▼
Financial debts170/4€855k€744k▼
Amounts payable within one year42/48€241k€280k▲
Current portion of amounts payable after more than one year42€63k€70k▲
Trade debts44€168k€172k▲
Suppliers440/4€168k€172k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€9k€37k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€22k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€56k€50k▼
Operating profit (loss)9901€33k€21k▼
Financial income75/76B€114€54▼
Recurring financial income75€114€54▼
Financial charges65/66B€15k€15k▲
Recurring financial charges65€15k€15k▲
Profit (loss) for the period before taxes9903€17k€6k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€17k€4k▼
Profit (loss) for the period to be appropriated9905€17k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€12k▲
Profit (loss) brought forward from the previous period14P€-10k€8k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €53k | €20k | €21k | €22k | ▲ 4.5% |
| Other operating charges640/8 | - | €2k | €3k | €3k | €4k | ▲ 50.2% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €51k | €-6k | €103k | €56k | €50k | ▼ 10.9% |
| Operating profit (loss)9901 | €24k | €-62k | €78k | €33k | €21k | ▼ 35.6% |
| Financial income75/76B | - | €210 | €58 | €114 | €54 | ▼ 52.5% |
| Recurring financial income75 | €137 | €210 | €58 | €114 | €54 | ▼ 52.5% |
| Financial charges65/66B | - | €2k | €21k | €15k | €15k | ▲ 0.8% |
| Recurring financial charges65 | €358 | €2k | €21k | €15k | €15k | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €24k | €-64k | €56k | €17k | €6k | ▼ 67.9% |
| Income taxes67/77 | - | - | €355 | - | €2k | - |
| Profit (loss) for the period9904 | €24k | €-64k | €56k | €17k | €4k | ▼ 77.2% |
| Profit (loss) for the period to be appropriated9905 | €24k | €-64k | €56k | €17k | €4k | ▼ 77.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €287k | €775k | €888k | €1.12M | €1.05M | ▼ 6.1% |
| Fixed assets21/28 | €21k | €343k | €328k | €337k | €316k | ▼ 6.3% |
| Tangible fixed assets22/27 | €21k | €343k | €328k | €337k | €316k | ▼ 6.3% |
| Land and buildings22 | - | €312k | €301k | €290k | €279k | ▼ 3.8% |
| Furniture and vehicles24 | - | €28k | €26k | €47k | €37k | ▼ 21.5% |
| Leasing and similar rights25 | - | €3k | €894 | - | - | - |
| Current assets29/58 | €266k | €432k | €560k | €786k | €738k | ▼ 6.1% |
| Stocks and contracts in progress3 | €155k | €288k | €362k | €466k | €255k | ▼ 45.3% |
| Stocks30/36 | - | €288k | €362k | €466k | €255k | ▼ 45.3% |
| Amounts receivable within one year40/41 | €57k | €119k | €177k | €183k | €480k | ▲ 163% |
| Trade receivables40 | - | €98k | €141k | €66k | €211k | ▲ 217% |
| Other amounts receivable41 | - | €21k | €35k | €116k | €269k | ▲ 132% |
| Cash at bank and in hand54/58 | - | - | - | €7k | €142 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | €25k | €21k | €130k | €3k | ▼ 98.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €287k | €775k | €888k | €1.12M | €1.05M | ▼ 6.1% |
| Equity10/15 | €17k | €-47k | €9k | €26k | €30k | ▲ 15.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-2k | €-66k | €-10k | €8k | €12k | ▲ 51.4% |
| Amounts payable17/49 | €270k | €822k | €879k | €1.10M | €1.02M | ▼ 6.7% |
| Amounts payable after more than one year17 | €168k | €600k | €801k | €855k | €744k | ▼ 13.0% |
| Financial debts170/4 | - | €600k | €801k | €855k | €744k | ▼ 13.0% |
| Amounts payable within one year42/48 | €102k | €222k | €78k | €241k | €280k | ▲ 15.9% |
| Current portion of amounts payable after more than one year42 | - | €25k | €44k | €63k | €70k | ▲ 9.7% |
| Financial debts43 | - | €2k | €3k | - | - | - |
| Credit institutions430/8 | - | €2k | €3k | - | - | - |
| Trade debts44 | €30k | €70k | €3k | €168k | €172k | ▲ 2.0% |
| Suppliers440/4 | - | €70k | €3k | €168k | €172k | ▲ 2.0% |
| Advances received on contracts in progress46 | - | - | €26k | - | - | - |
| Taxes, remuneration and social security45 | - | €6k | €2k | - | €2k | - |
| Taxes450/3 | - | €6k | €2k | - | €2k | - |
| Other amounts payable47/48 | - | €119k | - | €9k | €37k | ▲ 293% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €-64k | €56k | €17k | €4k | ▼ 77.2% |
| + Depreciation and write-downs630 | €6k | €53k | €20k | €21k | €22k | ▲ 4.5% |
| Operating cash flow (approximation) | €30k | €-11k | €77k | €39k | €26k | ▼ 32.4% |
| Investment in fixed assets (approximation) | - | €-375k | €-6k | €-30k | €-1k | ▲ 96.5% |
| Change in cash | - | - | - | - | €-7k | - |
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
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 82 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.14
Current ratio from 1.94 to 7.14; short-term debt falls from €222k to €78k.
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 102 days late
2021
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.62
Current ratio from 1.20 to 2.62; short-term debt falls from €160k to €102k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 79 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Genappe · 1 establishment unit since 2017
Ground area
100 m²
Parcel 25106H0180/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LAB-L
since 20172.263.777.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25106H0180/00R000 | Wallonia | 100 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 1,295 companies in sector 68122 we hold annual accounts for 903. 411 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
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
41001General construction of residential buildings
68121Development of residential building projects
43211General electrical installation work
43221Plumbing work
43310Plastering work
43350Other building finishing work
43410Roofing work
68203Renting and operating of own or leased non-residential real estate, excluding land
71112Activities of interior architects
74120Graphic design and visual communication
74999Other professional, scientific and technical activities
77221Rental and leasing activities
77320Rental and leasing activities
81300Landscape service activities
Contact
Scores and ratios are computed by Checked and are not a credit decision.