LABS ELECTRONIC
InactiveLABS ELECTRONIC was declared bankrupt on 09-01-2023 (Tribunal de l’entreprise du Hainaut, division Mons); the bankruptcy was closed by liquidation by judgment of 08-07-2025, published in the Belgian State Gazette on 16-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-07-2022, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
18 d early
2020
25 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 33 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
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,130▼ 69.6%
2020 · €23,450
Working capital
€573,032▲ 43.9%
2020 · €398,327
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
Line2018201920202021
Operating result€71,361-€44,889▼ 37.1%€94,789▲ 111%€64,308▼ 32.2%
Net result€6,078--€44,730€23,450€7,130▼ 69.6%
Equity€400,689-€355,668▼ 11.2%€378,857▲ 6.5%€385,646▲ 1.8%
Total assets€1.9m-€1.8m▼ 2.7%€2.2m▲ 17.2%€2.3m▲ 7.8%
Debt€1.5m-€1.5m▼ 0.4%€1.8m▲ 19.7%€1.9m▲ 9.0%
Working capital€319,809-€464,619▲ 45.3%€398,327▼ 14.3%€573,032▲ 43.9%
Staff (FTE)4.3-2.8▼ 34.9%2.3▼ 17.9%2.8▲ 21.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 32% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.3m
Fixed assets
€125,244 ▼ 10.7%
Current assets
€2.2m ▲ 9.0%
Equity and liabilities €2.3m
Equity
€385,646 ▲ 1.8%
Debt
€1.9m ▲ 9.0%
Debt's share of the balance-sheet total rises from 82.4% to 83.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€135,036▼
2020 · €173,735
Cash flow
€77,858▼
2020 · €102,396
Current ratio
1.35▲
2020 · 1.25
Quick ratio
0.53▼
2020 · 0.86
Debt to equity
5.03▲
2020 · 0.38
ROE
1.8%▼
2020 · 6.2%
ROA
0.3%▼
2020 · 1.1%
Interest coverage
2.40
Debt ≤ 1 year
€1.6m▲
2020 · €1.6m
Debt > 1 year
€310,496▲
2020 · €142,812
Income taxes
€1,218▼
2020 · €2,494
Staff costs
€244,623
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,432 | - |
| Remuneration, social security and pensions62 | - | - | - | €244,623 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €142,971 | €85,478 | €78,946 | €70,728 | ▼ 10.4% |
| Other operating charges640/8 | - | - | - | €27,409 | - |
| Non-recurring operating charges66A | - | - | - | €498 | - |
| Gross operating margin9900 | €609,984 | €406,962 | €389,247 | €407,566 | ▲ 4.7% |
| Operating profit (loss)9901 | €71,361 | €44,889 | €94,789 | €64,308 | ▼ 32.2% |
| Financial income75/76B | - | - | - | €341 | - |
| Recurring financial income75 | €10,011 | €304 | €261 | €341 | ▲ 30.7% |
| Financial charges65/66B | - | - | - | €56,301 | - |
| Recurring financial charges65 | €73,613 | €87,084 | €69,107 | €56,301 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €7,759 | -€41,891 | €25,943 | €8,348 | ▼ 67.8% |
| Income taxes67/77 | €1,681 | €2,839 | €2,494 | €1,218 | ▼ 51.2% |
| Profit (loss) for the period9904 | €6,078 | -€44,730 | €23,450 | €7,130 | ▼ 69.6% |
| Profit (loss) for the period to be appropriated9905 | €6,078 | -€44,730 | €23,450 | €7,130 | ▼ 69.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.9m | €1.8m | €2.2m | €2.3m | ▲ 7.8% |
| Fixed assets21/28 | €256,204 | €193,165 | €140,232 | €125,244 | ▼ 10.7% |
| Intangible fixed assets21 | €156,644 | €121,429 | €95,444 | €95,189 | ▼ 0.3% |
| Tangible fixed assets22/27 | €96,186 | €68,362 | €41,415 | €28,805 | ▼ 30.4% |
| Land and buildings22 | - | - | - | €916 | - |
| Furniture and vehicles24 | - | - | - | €27,890 | - |
| Financial fixed assets28 | €3,374 | €3,374 | €3,374 | €1,250 | ▼ 62.9% |
| Current assets29/58 | €1.6m | €1.6m | €2.0m | €2.2m | ▲ 9.0% |
| Stocks and contracts in progress3 | €641,958 | €643,393 | €619,691 | €1.3m | ▲ 117% |
| Stocks30/36 | - | - | - | €627,504 | - |
| Contracts in progress37 | - | - | - | €717,387 | - |
| Amounts receivable within one year40/41 | €585,265 | €423,765 | €716,763 | €813,761 | ▲ 13.5% |
| Trade receivables40 | - | - | - | €777,611 | - |
| Other amounts receivable41 | - | - | - | €36,150 | - |
| Cash at bank and in hand54/58 | €14,357 | €6,971 | €82,542 | €35,442 | ▼ 57.1% |
| Deferred charges and accrued income490/1 | - | - | - | €6,863 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €2.2m | €2.3m | ▲ 7.8% |
| Equity10/15 | €400,689 | €355,668 | €378,857 | €385,646 | ▲ 1.8% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,149 | = |
| Capital10 | - | - | - | €300,000 | - |
| Issued capital100 | - | - | - | €300,000 | - |
| Outside capital11 | - | - | - | €149 | - |
| Share premium1100/10 | - | - | - | €149 | - |
| Reserves13 | €18,100 | €18,100 | €19,272 | €19,629 | ▲ 1.8% |
| Non-distributable reserves130/1 | - | - | - | €19,629 | - |
| Legal reserve130 | - | - | - | €19,629 | - |
| Profit (loss) carried forward14 | €81,547 | €36,817 | €59,094 | €65,868 | ▲ 11.5% |
| Amounts payable17/49 | €1.5m | €1.5m | €1.8m | €1.9m | ▲ 9.0% |
| Amounts payable after more than one year17 | €171,604 | €298,824 | €142,812 | €310,496 | ▲ 117% |
| Financial debts170/4 | - | - | - | €275,243 | - |
| Other amounts payable178/9 | - | - | - | €35,253 | - |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €1.6m | €1.6m | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €146,561 | - |
| Financial debts43 | - | - | - | €525,000 | - |
| Credit institutions430/8 | - | - | - | €525,000 | - |
| Trade debts44 | €357,599 | €279,533 | €269,964 | €229,325 | ▼ 15.1% |
| Suppliers440/4 | - | - | - | €229,325 | - |
| Taxes, remuneration and social security45 | - | - | - | €185,480 | - |
| Taxes450/3 | - | - | - | €89,953 | - |
| Remuneration and social security454/9 | - | - | - | €95,527 | - |
| Other amounts payable47/48 | - | - | - | €541,558 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,135 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,078 | -€44,730 | €23,450 | €7,130 | ▼ 69.6% |
| + Depreciation and write-downs630 | €142,971 | €85,478 | €78,946 | €70,728 | ▼ 10.4% |
| Operating cash flow (approximation) | €149,049 | €40,748 | €102,396 | €77,858 | ▼ 24.0% |
| Investment in fixed assets (approximation) | - | -€22,439 | -€26,014 | -€55,739 | ▼ 114% |
| Change in cash | - | -€7,386 | €75,571 | -€47,101 | ▼ 162% |
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
16-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Mons · event 08-07-2025
2023
13-01
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 09-01-2023
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Back to profitnet €23,450
Net result €23,450 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€44,730
Net result drops to -€44,730, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 14 days late
2014
16-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
02-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial 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.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TONY BELLAVIA AVENUE DES EXPOSITIONS, 8A,
7000 MONS- .
Date provisoire de cessation de paiement : 09/01/2023 |
09-01-2023 → 08-07-2025 |