Labrash
ActiveSummary
The computed 12-month bankruptcy probability of Labrash is 3.3% (moderate). For Labrash, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €41,014 and a net result of €10,199. Equity is growing by ~27.1% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability89▲+89
Solvency100▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2023Solvency, return and age of the figures
Solvency
75.1%
Return on assets
18.7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
219 d late
2021
88 d late
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 93 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€41,014▲ 33.1%
2022 · €30,815
Total assets
€54,576▲ 21.6%
2022 · €44,891
Net result
€10,199
2022 · -€10,466
Working capital
€37,786▲ 36.2%
2022 · €27,744
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
Line20192020202120222023
Operating result€264-€13,202▲ 4,900%€13,165▼ 0.3%-€9,992€14,257
Net result€84-€12,680▲ 14,917%€9,916▼ 21.8%-€10,466€10,199
Equity€6,584-€29,265▲ 344%€39,181▲ 33.9%€30,815▼ 21.4%€41,014▲ 33.1%
Total assets€28,986-€55,153▲ 90.3%€52,499▼ 4.8%€44,891▼ 14.5%€54,576▲ 21.6%
Debt€22,401-€25,888▲ 15.6%€13,318▼ 48.6%€14,077▲ 5.7%€13,563▼ 3.7%
Working capital€1,927-€13,328▲ 592%€30,549▲ 129%€27,744▼ 9.2%€37,786▲ 36.2%
Staff (FTE)0.30.1▼ 66.7%0.5▲ 400%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €14,257 after a loss of €9,992 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €54,576
Fixed assets
€3,227 ▼ 29.3%
Current assets
€51,349 ▲ 27.3%
Equity and liabilities €54,576
Equity
€41,014 ▲ 33.1%
Debt
€13,563 ▼ 3.7%
Debt's share of the balance-sheet total falls from 31.4% to 24.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,301▲
2022 · -€1,890
Cash flow
€15,243▲
2022 · -€2,364
Current ratio
3.79▲
2022 · 3.20
Quick ratio
3.29▲
2022 · 2.70
Debt to equity
0.33▼
2022 · 0.46
ROE
24.9%▲
2022 · -34.0%
ROA
18.7%▲
2022 · -23.3%
Interest coverage
5.68▲
2022 · -1.38
Debt ≤ 1 year
€13,563▲
2022 · €12,585
Income taxes
€1,480
Staff costs
€18,581▲
2022 · €647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €3,899 | €647 | €18,581 | ▲ 2,773% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,719 | €4,849 | €9,700 | €8,102 | €5,044 | ▼ 37.7% |
| Other operating charges640/8 | - | - | €1,901 | €763 | €2,243 | ▲ 194% |
| Gross operating margin9900 | €4,104 | €20,351 | €28,665 | -€481 | €40,125 | ▲ 8,449% |
| Operating profit (loss)9901 | €264 | €13,202 | €13,165 | -€9,992 | €14,257 | ▲ 243% |
| Financial income75/76B | - | - | - | €900 | €817 | ▼ 9.2% |
| Recurring financial income75 | - | - | - | €900 | €817 | ▼ 9.2% |
| Financial charges65/66B | - | - | €791 | €1,374 | €3,396 | ▲ 147% |
| Recurring financial charges65 | €180 | €521 | €791 | €1,374 | €3,396 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €84 | €12,680 | €12,374 | -€10,466 | €11,679 | ▲ 212% |
| Income taxes67/77 | - | - | €2,458 | - | €1,480 | - |
| Profit (loss) for the period9904 | €84 | €12,680 | €9,916 | -€10,466 | €10,199 | ▲ 197% |
| Profit (loss) for the period to be appropriated9905 | €84 | €12,680 | €9,916 | -€10,466 | €10,199 | ▲ 197% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,986 | €55,153 | €52,499 | €44,891 | €54,576 | ▲ 21.6% |
| Formation expenses20 | €2,389 | €1,792 | - | - | - | - |
| Fixed assets21/28 | €12,489 | €19,535 | €11,627 | €4,562 | €3,227 | ▼ 29.3% |
| Intangible fixed assets21 | €5,200 | €12,900 | €7,600 | €2,300 | - | - |
| Tangible fixed assets22/27 | €7,289 | €6,635 | €4,027 | €2,262 | €3,227 | ▲ 42.7% |
| Plant, machinery and equipment23 | - | - | €808 | €1,128 | €3,227 | ▲ 186% |
| Furniture and vehicles24 | - | - | €3,219 | €1,134 | - | - |
| Current assets29/58 | €14,108 | €33,826 | €40,872 | €40,329 | €51,349 | ▲ 27.3% |
| Amounts receivable after more than one year29 | - | - | €30,000 | €27,000 | €27,000 | = |
| Other amounts receivable291 | - | - | €30,000 | €27,000 | €27,000 | = |
| Stocks and contracts in progress3 | €6,500 | €7,230 | €2,104 | €6,309 | €6,714 | ▲ 6.4% |
| Stocks30/36 | - | - | €2,104 | €6,309 | €6,714 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €6,056 | €9,604 | €5,239 | €5,599 | €9,823 | ▲ 75.5% |
| Trade receivables40 | - | - | - | €878 | €2,895 | ▲ 230% |
| Other amounts receivable41 | - | - | €5,239 | €4,720 | €6,928 | ▲ 46.8% |
| Cash at bank and in hand54/58 | €1,552 | €16,993 | €3,528 | €1,421 | €7,812 | ▲ 450% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,986 | €55,153 | €52,499 | €44,891 | €54,576 | ▲ 21.6% |
| Equity10/15 | €6,584 | €29,265 | €39,181 | €30,815 | €41,014 | ▲ 33.1% |
| Contributions10/11 | €6,500 | €16,500 | €16,500 | €18,600 | €18,600 | = |
| Capital10 | - | - | €16,500 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €2,100 | - | - | - |
| Reserves13 | €84 | €12,765 | €22,681 | €12,215 | €22,414 | ▲ 83.5% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €20,821 | €10,355 | €20,554 | ▲ 98.5% |
| Amounts payable17/49 | €22,401 | €25,888 | €13,318 | €14,077 | €13,563 | ▼ 3.7% |
| Amounts payable after more than one year17 | €10,220 | €5,389 | €2,995 | €1,492 | - | - |
| Financial debts170/4 | - | - | €2,995 | €1,492 | - | - |
| Amounts payable within one year42/48 | €12,181 | €20,498 | €10,323 | €12,585 | €13,563 | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | €2,394 | €1,503 | €1,492 | ▼ 0.8% |
| Trade debts44 | €7,350 | €13,052 | €4,901 | €6,580 | €4,231 | ▼ 35.7% |
| Suppliers440/4 | - | - | €4,901 | €6,580 | €4,231 | ▼ 35.7% |
| Taxes, remuneration and social security45 | - | - | €2,458 | €2,515 | €7,840 | ▲ 212% |
| Taxes450/3 | - | - | €2,458 | €2,515 | €7,840 | ▲ 212% |
| Other amounts payable47/48 | - | - | €570 | €1,986 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84 | €12,680 | €9,916 | -€10,466 | €10,199 | ▲ 197% |
| + Depreciation and write-downs630 | €3,719 | €4,849 | €9,700 | €8,102 | €5,044 | ▼ 37.7% |
| Operating cash flow (approximation) | €3,804 | €17,530 | €19,615 | -€2,364 | €15,243 | ▲ 745% |
| Investment in fixed assets (approximation) | - | -€11,895 | -€1,792 | -€1,038 | -€3,709 | ▼ 257% |
| Change in cash | - | €15,441 | -€13,464 | -€2,107 | €6,390 | ▲ 403% |
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
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 219 days late
2023
31-12
Financial
Back to profitnet €10,199
Net result €10,199 after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet -€10,466
Net result drops to -€10,466, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.96
Current ratio from 1.65 to 3.96; short-term debt falls from €20,498 to €10,323.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €12,680 ▲14,917%
Net result €12,680, the highest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Tienen
Ground area
294 m²
Building footprint
222 m²
Volume, LiDAR
2,000 m³
Parcel 24593G0170/00F000, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0170/00F000 | Flanders | 294 m² | 1 · 222 m² | 14.1 m · 4 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-10-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.