LABA
ActiveSummary
LABA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €255,229 and a net result of €26,518. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 18230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, micro schema
Equity
€255,229=
2024 · €255,229
Total assets
€435,326▼ 14.6%
2024 · €509,638
Net result
€26,518▼ 67.6%
2024 · €81,884
Working capital
€212,474▼ 12.4%
2024 · €242,515
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 86, Human health activities, 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
Line20222022202320242025
Operating result€15,166▼ 76.0%€60,983-€31,391▼ 48.5%€120,106▲ 283%€42,845▼ 64.3%
Net result€14,461below the sector's middle half▼ 60.1%€48,667within the sector's middle half-€19,811within the sector's middle half▼ 59.3%€81,884within the sector's middle half▲ 313%€26,518within the sector's middle half▼ 67.6%
Equity€422,331above the sector's middle half▼ 12.2%€422,331above the sector's middle half-€309,531within the sector's middle half▼ 26.7%€255,229within the sector's middle half▼ 17.5%€255,229within the sector's middle half=
Total assets€524,582within the sector's middle half▼ 21.6%€647,138above the sector's middle half-€477,666within the sector's middle half▼ 26.2%€509,638within the sector's middle half▲ 6.7%€435,326within the sector's middle half▼ 14.6%
Debt€102,251▼ 45.5%€224,807-€168,135▼ 25.2%€254,409▲ 51.3%€180,098▼ 29.2%
Working capital€391,597above the sector's middle half▼ 12.0%€396,585above the sector's middle half-€279,321above the sector's middle half▼ 29.6%€242,515within the sector's middle half▼ 13.2%€212,474within the sector's middle half▼ 12.4%
Solvency80.5%within the sector's middle half▲ 8.6pp65.3%within the sector's middle half-64.8%within the sector's middle half▼ 0.5pp50.1%within the sector's middle half▼ 14.7pp58.6%within the sector's middle half▲ 8.5pp
Current ratio7.14above the sector's middle half▲ 2.603.00within the sector's middle half-2.69within the sector's middle half▼ 0.311.96within the sector's middle half▼ 0.732.18within the sector's middle half▲ 0.23
Return on assets (ROA)2.8%below the sector's middle half▼ 2.7pp7.5%below the sector's middle half-4.1%below the sector's middle half▼ 3.4pp16.1%within the sector's middle half▲ 11.9pp6.1%below the sector's middle half▼ 10.0pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435,326
Fixed assets
€43,355 ▲ 220%
Current assets
€391,972 ▼ 21.0%
Equity and liabilities €435,326
Equity
€255,229 =
Debt
€180,098 ▼ 29.2%
Debt's share of the balance-sheet total falls from 49.9% to 41.4%. Debt is lower.
Key figures and ratios
EBITDA
€48,766▼
2024 · €139,359
Cash flow
€32,439▼
2024 · €101,138
Debt to equity
0.71▼
2024 · 1.00
ROE
10.4%▼
2024 · 32.1%
Interest coverage
29.61▼
2024 · 31.88
Debt ≤ 1 year
€179,498▼
2024 · €253,553
Income taxes
€14,916▼
2024 · €34,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €480 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,486 | €16,308 | €33,447 | €19,253 | €5,921 | ▼ 69.2% |
| Other operating charges640/8 | €3,568 | €798 | €1,328 | €1,376 | €1,562 | ▲ 13.5% |
| Non-recurring operating charges66A | €10,000 | €532 | €0 | - | - | - |
| Gross operating margin9900 | €61,220 | €78,622 | €66,165 | €140,736 | €50,328 | ▼ 64.2% |
| Operating profit (loss)9901 | €15,166 | €60,983 | €31,391 | €120,106 | €42,845 | ▼ 64.3% |
| Financial income75/76B | €6,523 | €5,302 | €2,317 | €284 | €237 | ▼ 16.8% |
| Recurring financial income75 | €6,523 | €5,302 | €2,317 | €284 | €237 | ▼ 16.8% |
| Financial charges65/66B | €1,251 | €506 | €2,556 | €4,371 | €1,647 | ▼ 62.3% |
| Recurring financial charges65 | €1,251 | €506 | €2,556 | €4,371 | €1,647 | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €20,438 | €65,779 | €31,152 | €116,019 | €41,435 | ▼ 64.3% |
| Income taxes67/77 | €5,977 | €17,112 | €11,341 | €34,135 | €14,916 | ▼ 56.3% |
| Profit (loss) for the period9904 | €14,461 | €48,667 | €19,811 | €81,884 | €26,518 | ▼ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €14,461 | €48,667 | €19,811 | €81,884 | €26,518 | ▼ 67.6% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €524,582 | €647,138 | €477,666 | €509,638 | €435,326 | ▼ 14.6% |
| Fixed assets21/28 | €69,167 | €52,345 | €32,823 | €13,569 | €43,355 | ▲ 220% |
| Intangible fixed assets21 | €60,000 | €45,000 | €15,000 | €0 | - | - |
| Tangible fixed assets22/27 | €7,367 | €5,545 | €16,023 | €11,769 | €41,555 | ▲ 253% |
| Plant, machinery and equipment23 | €4,368 | €3,046 | €4,783 | €2,597 | €2,238 | ▼ 13.8% |
| Furniture and vehicles24 | €2,999 | €2,499 | €1,925 | €830 | €31,947 | ▲ 3,749% |
| Other tangible fixed assets26 | - | - | €9,315 | €8,342 | €7,370 | ▼ 11.7% |
| Financial fixed assets28 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Current assets29/58 | €455,415 | €594,793 | €444,843 | €496,068 | €391,972 | ▼ 21.0% |
| Amounts receivable within one year40/41 | €24,094 | €121,510 | €37,677 | €21,647 | €3,324 | ▼ 84.6% |
| Trade receivables40 | €0 | - | - | - | €170 | - |
| Other amounts receivable41 | €24,094 | €121,510 | €37,677 | €21,647 | €3,155 | ▼ 85.4% |
| Current investments50/53 | €342,464 | €342,464 | €307,362 | €307,362 | €307,362 | = |
| Cash at bank and in hand54/58 | €57,513 | €97,735 | €67,343 | €93,093 | €37,999 | ▼ 59.2% |
| Deferred charges and accrued income490/1 | €31,343 | €33,084 | €32,462 | €73,967 | €43,286 | ▼ 41.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €524,582 | €647,138 | €477,666 | €509,638 | €435,326 | ▼ 14.6% |
| Equity10/15 | €422,331 | €422,331 | €309,531 | €255,229 | €255,229 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €1,000 | €1,000 | = |
| Reserves13 | €403,731 | €403,731 | €290,931 | €254,229 | €254,229 | = |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €401,871 | €403,731 | €290,931 | €254,229 | €254,229 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €102,251 | €224,807 | €168,135 | €254,409 | €180,098 | ▼ 29.2% |
| Amounts payable after more than one year17 | €37,833 | €25,980 | €2,013 | €0 | - | - |
| Financial debts170/4 | €37,833 | €25,980 | €2,013 | €0 | - | - |
| Amounts payable within one year42/48 | €63,818 | €198,207 | €165,522 | €253,553 | €179,498 | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | €23,451 | €23,622 | €23,966 | €2,013 | €0 | ▼ 100% |
| Financial debts43 | €29,982 | €41,412 | €13,781 | €26,765 | €0 | ▼ 100% |
| Credit institutions430/8 | €29,982 | €41,412 | €13,781 | €26,765 | €0 | ▼ 100% |
| Trade debts44 | €2,791 | €2,049 | €3,076 | €3,867 | €14,091 | ▲ 264% |
| Suppliers440/4 | €2,791 | €2,049 | €3,076 | €3,867 | €14,091 | ▲ 264% |
| Taxes, remuneration and social security45 | €0 | - | €20,430 | €5,487 | €7,003 | ▲ 27.6% |
| Taxes450/3 | €0 | - | €20,430 | €5,487 | €7,003 | ▲ 27.6% |
| Other amounts payable47/48 | €7,594 | €131,126 | €104,269 | €215,421 | €158,404 | ▼ 26.5% |
| Accrued charges and deferred income492/3 | €600 | €620 | €600 | €855 | €600 | ▼ 29.9% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,461 | €48,667 | €19,811 | €81,884 | €26,518 | ▼ 67.6% |
| + Depreciation and write-downs630 | €32,486 | €16,308 | €33,447 | €19,253 | €5,921 | ▼ 69.2% |
| Operating cash flow (approximation) | €46,947 | €64,975 | €53,257 | €101,138 | €32,439 | ▼ 67.9% |
| Investment in fixed assets (approximation) | - | - | -€13,925 | €0 | -€35,707 | - |
| Change in cash | - | - | -€30,392 | €25,750 | -€55,093 | ▼ 314% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 16,631 companies in this sector we hold annual accounts for 8,049. 6,714 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector