LACC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-05-2026 PDF all 35 filings
Turnover
≈ €210,000
Estimated: probably between €160,000 and €270,000
Total assets
€130,007▲ 43.4%
2024 · €90,633
Net result
€29,051▲ 87×
2024 · €336
Working capital
€51,542▲ 129%
2024 · €22,491
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€32,059
▲ 197×
2025
20182025
Net result
€29,051
▲ 87×
2025
middle half of the sector
20182025
Equity
€51,542
▲ 129%
2025
middle half of the sector
20182025
Total assets
€130,007
▲ 43.4%
2025
middle half of the sector
20182025
Debt
€78,465
▲ 15.1%
2025
20182025
Working capital
€51,542
▲ 129%
2025
middle half of the sector
20182025
Solvency
39.6%
▲ 14.8pp
2025
middle half of the sector
20182025
Current ratio
1.66
▲ 0.33
2025
middle half of the sector
20182025
Return on assets (ROA)
22.3%
▲ 22.0pp
2025
middle half of the sector
20182025
Staff (FTE)
1
=
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€4,634--€102,987-€32,030▲ 68.9%-€2,991▲ 90.7%€3,191-€491€163€32,059▲ 197×
Net result€4,367--€119,915-€34,169below the sector's middle half▲ 71.5%-€3,117below the sector's middle half▲ 90.9%€2,824within the sector's middle half-€638below the sector's middle half€336below the sector's middle half€29,051within the sector's middle half▲ 87×
Equity€177,171-€57,256▼ 67.7%€23,086within the sector's middle half▼ 59.7%€19,970below the sector's middle half▼ 13.5%€22,794within the sector's middle half▲ 14.1%€22,156below the sector's middle half▼ 2.8%€22,491below the sector's middle half▲ 1.5%€51,542within the sector's middle half▲ 129%
Total assets€257,567-€137,681▼ 46.5%€97,183within the sector's middle half▼ 29.4%€90,215within the sector's middle half▼ 7.2%€91,547within the sector's middle half▲ 1.5%€90,364within the sector's middle half▼ 1.3%€90,633within the sector's middle half▲ 0.3%€130,007within the sector's middle half▲ 43.4%
Debt€80,397-€80,425=€74,096▼ 7.9%€70,245▼ 5.2%€68,753▼ 2.1%€68,208▼ 0.8%€68,141▼ 0.1%€78,465▲ 15.1%
Working capital€28,536-€57,256▲ 101%€23,086within the sector's middle half▼ 59.7%€19,970within the sector's middle half▼ 13.5%€22,794within the sector's middle half▲ 14.1%€22,156within the sector's middle half▼ 2.8%€22,491within the sector's middle half▲ 1.5%€51,542within the sector's middle half▲ 129%
Solvency68.8%-41.6%▼ 27.2pp23.8%within the sector's middle half▼ 17.8pp22.1%below the sector's middle half▼ 1.6pp24.9%below the sector's middle half▲ 2.8pp24.5%below the sector's middle half▼ 0.4pp24.8%below the sector's middle half▲ 0.3pp39.6%within the sector's middle half▲ 14.8pp
Current ratio1.35-1.71▲ 0.361.31within the sector's middle half▼ 0.401.28within the sector's middle half▼ 0.031.33within the sector's middle half▲ 0.051.32within the sector's middle half▼ 0.011.33within the sector's middle half▲ 0.011.66within the sector's middle half▲ 0.33
Return on assets (ROA)1.7%--87.1%▼ 88.8pp-35.2%below the sector's middle half▲ 51.9pp-3.5%below the sector's middle half▲ 31.7pp3.1%within the sector's middle half▲ 6.5pp-0.7%below the sector's middle half▼ 3.8pp0.4%below the sector's middle half▲ 1.1pp22.3%within the sector's middle half▲ 22.0pp
Staff (FTE)0.51.6▲ 220%1▼ 37.5%1=1=
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 197 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €130,007
Equity
€51,542 ▲ 129%
Debt
€78,465 ▲ 15.1%
Debt's share of the balance-sheet total falls from 75.2% to 60.4%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.52▼
2024 · 3.03
ROE
56.4%▲
2024 · 1.5%
Debt ≤ 1 year
€78,465▲
2024 · €68,141
Income taxes
€2,875
Staff costs
€71,432▲
2024 · €3,310
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 1 | - | 1 |
| full-time | - | - | - | - | 1 |
| part-time | 2 | 3 | 1 | - | - |
| in full-time equivalents | 0.8 | 0.6 | 0.1 | - | 1 |
| Average over the year, in full-time equivalents | 0.5 | 0.4 | 0.1 | 0.9 | 1 |
| On a permanent contract | - | - | - | - | 1 |
| Joined | 2 | 3 | 2 | 1 | 1 |
| Left | 0 | 5 | 1 | 2 | 0 |
| Training hours | 18 | 33 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €15,547 | €10,020 | €3,698 | €3,310 | €71,432 | ▲ 22× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,861 | €24,861 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €539 | €540 | €583 | €595 | €610 | ▲ 2.4% |
| Gross operating margin9900 | €33,390 | €13,114 | -€27,869 | €13,094 | €13,750 | €3,790 | €4,068 | €104,100 | ▲ 26× |
| Operating profit (loss)9901 | €4,634 | -€102,987 | -€32,030 | -€2,991 | €3,191 | -€491 | €163 | €32,059 | ▲ 197× |
| Financial income75/76B | - | - | - | - | - | - | €324 | €1 | ▼ 99.8% |
| Recurring financial income75 | - | - | €0 | - | - | - | €324 | €1 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €125 | €127 | €147 | €152 | €134 | ▼ 11.5% |
| Recurring financial charges65 | €266 | €135 | €138 | €125 | €127 | €147 | €152 | €134 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | €4,367 | -€119,915 | -€32,168 | -€3,117 | €3,063 | -€638 | €336 | €31,925 | ▲ 95× |
| Income taxes67/77 | - | - | €2,002 | - | €239 | - | - | €2,875 | - |
| Profit (loss) for the period9904 | €4,367 | -€119,915 | -€34,169 | -€3,117 | €2,824 | -€638 | €336 | €29,051 | ▲ 87× |
| Profit (loss) for the period to be appropriated9905 | €4,367 | -€119,915 | -€21,669 | -€3,117 | €2,824 | -€638 | €336 | €29,051 | ▲ 87× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €257,567 | €137,681 | €97,183 | €90,215 | €91,547 | €90,364 | €90,633 | €130,007 | ▲ 43.4% |
| Fixed assets21/28 | €148,634 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €112,134 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €36,500 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €108,933 | €137,681 | €97,183 | €90,215 | €91,547 | €90,364 | €90,633 | €130,007 | ▲ 43.4% |
| Amounts receivable within one year40/41 | €98,731 | €98,247 | €73,075 | €76,879 | €73,109 | €73,477 | €73,500 | €90,996 | ▲ 23.8% |
| Trade receivables40 | - | - | - | €3,388 | - | €450 | €473 | €17,969 | ▲ 38× |
| Other amounts receivable41 | - | - | - | €73,491 | €73,109 | €73,027 | €73,027 | €73,027 | = |
| Cash at bank and in hand54/58 | €10,201 | €39,434 | €24,108 | €13,196 | €18,438 | €16,887 | €16,981 | €39,011 | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | - | €140 | - | - | €153 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €257,567 | €137,681 | €97,183 | €90,215 | €91,547 | €90,364 | €90,633 | €130,007 | ▲ 43.4% |
| Equity10/15 | €177,171 | €57,256 | €23,086 | €19,970 | €22,794 | €22,156 | €22,491 | €51,542 | ▲ 129% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €158,621 | €38,706 | €4,536 | €1,855 | €4,244 | €4,244 | €4,244 | €32,992 | ▲ 677% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | - | €2,389 | €2,389 | €2,389 | €31,137 | ▲ 13× |
| Profit (loss) carried forward14 | - | - | - | -€435 | - | -€638 | -€303 | - | - |
| Amounts payable17/49 | €80,397 | €80,425 | €74,096 | €70,245 | €68,753 | €68,208 | €68,141 | €78,465 | ▲ 15.1% |
| Amounts payable within one year42/48 | €80,397 | €80,425 | €74,096 | €70,245 | €68,753 | €68,208 | €68,141 | €78,465 | ▲ 15.1% |
| Trade debts44 | €12,644 | €12,673 | €4,343 | €214 | €291 | €309 | €242 | €1,082 | ▲ 346% |
| Suppliers440/4 | - | - | - | €214 | €291 | €309 | €242 | €1,082 | ▲ 346% |
| Taxes, remuneration and social security45 | - | - | - | €2,132 | €563 | - | - | €12,149 | - |
| Taxes450/3 | - | - | - | €2,002 | €563 | - | - | €4,176 | - |
| Remuneration and social security454/9 | - | - | - | €131 | - | - | - | €7,973 | - |
| Other amounts payable47/48 | - | - | - | €67,899 | €67,899 | €67,899 | €67,899 | €65,234 | ▼ 3.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,367 | -€119,915 | -€34,169 | -€3,117 | €2,824 | -€638 | €336 | €29,051 | ▲ 87× |
| + Depreciation and write-downs630 | €24,861 | €24,861 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €29,229 | -€95,054 | -€34,169 | -€3,117 | €2,824 | -€638 | €336 | €29,051 | ▲ 87× |
| Change in cash | - | €29,233 | -€15,326 | -€10,912 | €5,242 | -€1,551 | €94 | €22,030 | ▲ 234× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as LACC has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LACC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for LACC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-05-2026 | 2026-00124633 | |
| 31-12-2024 | micro format | 28-05-2025 | 2025-00111829 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00108800 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00264083 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20133618 | |
| 31-12-2020 | micro format | 20-05-2021 | 2021-14700057 | |
| 31-12-2019 | micro format | 15-05-2020 | 2020-12400345 | |
| 31-12-2018 | micro format | 14-05-2019 | 2019-13100125 | |
| 31-12-2017 | micro format | 16-05-2018 | 2018-13100101 | |
| 31-12-2016 | micro format | 02-06-2017 | 2017-15000197 |