LABAIRTEC
ActiveLABAIRTEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €99k and a net result of €-29k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▼-78
Solvency69▼-24
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.29 against 3.11 in 2023; short-term debt: 31.5% and cash: 8% of total assets), but 56% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
44%
Return on assets
-12.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-01-2026, 167 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
167 d late
2023
54 d late
2022
18 d early
2021
120 d late
2020
60 d late
2019
98 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€525k▲ 61.5%
2020 · €325k
2018: €133k
2019: €185k
2020: €325k
2018 → 2021
EBIT margin
2.5%▼ 3.7pp
2020 · 6.2%
2018: 2.8%
2019: 0.2%
2020: 6.2%
2018 → 2021
Net result
€-29k
2023 · €22k
2018: €18
2019: €-6k
2020: €13k
2021: €7k
2022: €53k
2023: €22k
2018 → 2024
Working capital
€92k▼ 17.0%
2023 · €110k
2018: €34k
2019: €24k
2020: €40k
2021: €38k
2022: €87k
2023: €110k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€325k-€525k▲ 61.5%
Equity€45k-€52k▲ 15.7%€105k▲ 101%€127k▲ 21.0%€99k▼ 22.4%
Operating result€20k-€13k▼ 34.1%€73k▲ 444%€35k▼ 52.4%€-28k
Net result€13k-€7k▼ 47.1%€53k▲ 643%€22k▼ 58.1%€-29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €28k after €35k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €224k
Fixed assets
€62k▲ 164%
Current assets
€162k▼ 0.1%
Equity and liabilities €224k
Equity
€99k▼ 22.4%
Debt
€126k▲ 114%
The debt ratio rises from 31.6% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2023 · €42k
Cash flow
€-6k▼
2023 · €30k
Solvency
44.0%▼
2023 · 68.4%
Current ratio
2.29▼
2023 · 3.11
Quick ratio
2.29▼
2023 · 2.91
Debt / equity
1.27▲
2023 · 0.46
ROE
-28.8%▼
2023 · 17.4%
ROA
-12.7%▼
2023 · 11.9%
Debt
€126k▲
2023 · €59k
Debt ≤ 1 year
€71k▲
2023 · €52k
Debt > 1 year
€55k▲
2023 · €7k
Income taxes
€4k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€186k€224k▲
Fixed assets21/28€24k€62k▲
Tangible fixed assets22/27€24k€62k▲
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€16k€58k▲
Current assets29/58€163k€162k▼
Amounts receivable after more than one year29€21k€21k=
Other amounts receivable291€21k€21k=
Stocks and contracts in progress3€10k€0▼
Stocks30/36€10k€0▼
Amounts receivable within one year40/41€115k€121k▲
Trade receivables40€59k€41k▼
Other amounts receivable41€56k€80k▲
Cash at bank and in hand54/58€8k€18k▲
Deferred charges and accrued income490/1€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€186k€224k▲
Equity10/15€127k€99k▼
Contributions10/11€19k€19k=
Reserves13€15k€15k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€93k€65k▼
Amounts payable17/49€59k€126k▲
Amounts payable after more than one year17€7k€55k▲
Financial debts170/4€7k€55k▲
Amounts payable within one year42/48€52k€71k▲
Current portion of amounts payable after more than one year42€12-
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€18k€54k▲
Suppliers440/4€18k€54k▲
Taxes, remuneration and social security45€32k€16k▼
Taxes450/3€32k€16k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€23k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€34-
Gross operating margin9900€44k€-3k▼
Operating profit (loss)9901€35k€-28k▼
Financial income75/76B€5€4k▲
Recurring financial income75€5€4k▲
Financial charges65/66B€4k-
Recurring financial charges65€4k-
Profit (loss) for the period before taxes9903€31k€-24k▼
Income taxes67/77€9k€4k▼
Profit (loss) for the period9904€22k€-29k▼
Profit (loss) for the period to be appropriated9905€22k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€65k▼
Profit (loss) brought forward from the previous period14P€71k€93k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 167 days late
2024
31-12
Financial
Weakest financial yearnet €-29k ▼229%
Net result drops to €-29k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €53k ▲643%
Operating result €73k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €105k ▲101%
3 profitable years in a row build equity to €105k.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
01-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Landen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwstraat 33404 LandenGround area
575 m²
Building footprint
193 m²
Volume, LiDAR
876 m³
Parcel 24003B0437/00M000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat 3, 3404 Landen
since 20082.174.676.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24003B0437/00M000 | Flanders | 575 m² | 1 · 193 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRASPENNINCX
BE 0425.564.536
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A.I.T.
BE 0744.367.211
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SELECT MAGIC
BE 0431.757.292
Ieper · Eq €98k
SNIJERS
BE 0417.482.555
Sint-Niklaas · Eq €100k
Group Ramcom
BE 0818.471.152
Heusden-Zolder · Eq €97k
Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 817 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-11-2008
Fiscal year end31-12
Abbreviation NL
L.A.T.C.
Activities, NACEBEL
47789Other retail sale of new goods
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:j.brugman@labairtec.be
Phone:0475/73.93.80