Checked.be
Active
BE 0432.177.857Private limited company
LACE INTERMEDIATE
Nieuwe Baan 49 ·9111 Sint-Niklaas, Belgium· 38 yrs active
Sector: Office administrative and support services
(82100)
Conclusion
LACE INTERMEDIATE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 77% of 2211 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €163k |
| Net result | €5k |
| Staff (FTE) | 1 |
| Better than sector | 77% |
Financial profile
68
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
72
Profitability
54
Solvency
67
Growth
47
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1987, 38 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
72
/ 100
Healthy
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
63
2021
64
2022
48
2023
72
2024
72
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.45 (< 1.0)
-10
Quick ratio
Quick ratio 0.45 (< 0.6)
-5
Leverage
Debt/equity 0.33 (< 1.0)
+10
Profitability
ROE 3%
+3
EBITDA margin
EBITDA-marge 19% (≥ 10%)
+8
Interest coverage
Interest coverage 56.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 13-03-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.6%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 75.2% | 41.3% | |
| Net result | €5k | €21k | |
| Equity | €163k | €214k | |
| Gross operating margin | €67k | €84k | |
| Staff costs | €45k | €143k |
€107k
+1.0%
21-25
€20k
+33.3%
21-25
€5k
+24.3%
21-25
€20k
+9.6%
21-25
€217k
-3.5%
21-25
€163k
+3.5%
21-25
€-29k
+39.7%
21-25
1
0.0%
21-25
€45k
+1.1%
21-25
€2k
+165.8%
21-25
€54k
-19.8%
21-25
€54k
-19.8%
21-25
€15k
-40.0%
21-25
0.45
+66.7%
21-25
0.45
+66.7%
21-25
75.2%
+7.2%
21-25
0.33
-22.5%
21-25
3.4%
+20.2%
21-25
2.5%
+28.8%
21-25
5.1%
+23.1%
21-25
18.6%
+31.9%
21-25
56.82
-19.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | €107k | €106k | €99k | €102k | €104k |
| EBITDA | €20k | €15k | €13k | €23k | €36k |
| Net profit | €5k | €4k | €-2k | €3k | €130k |
| Cash flow | €20k | €18k | €12k | €24k | €151k |
| Staff costs | €45k | €44k | €43k | €34k | - |
| Income taxes | €2k | €863 | €2k | €187 | €6k |
| Dividends | - | - | - | - | - |
| Total assets | €217k | €225k | €232k | €242k | €274k |
| Equity | €163k | €158k | €153k | €156k | €153k |
| Debt | €54k | €67k | €79k | €86k | €121k |
| of which ≤ 1y | €54k | €67k | €79k | €46k | €61k |
| of which > 1y | - | - | - | €15k | €26k |
| Working capital | €-29k | €-49k | €-65k | €-30k | €-33k |
| Employees (FTE) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.45 | 0.27 | 0.18 | 0.36 | 0.46 |
| Quick ratio | 0.45 | 0.27 | 0.18 | 0.36 | 0.46 |
| Working capital ratio | -13.6% | -21.8% | -27.9% | -12.2% | -12.0% |
| Solvency | 75.2% | 70.2% | 65.9% | 64.3% | 55.8% |
| Debt / equity | 0.33 | 0.43 | 0.52 | 0.56 | 0.17 |
| Long-term debt ratio | - | - | - | 0.10 | 0.17 |
| Interest coverage | 56.82 | 70.24 | 8.10 | 12.91 | - |
| Gross margin | 62.1% | 57.5% | 58.5% | 58.4% | - |
| Net margin | 5.1% | 4.2% | -2.4% | 2.8% | 125.1% |
| ROA | 2.5% | 2.0% | -1.0% | 1.2% | 47.4% |
| ROE | 3.4% | 2.8% | -1.5% | 1.8% | 84.9% |
| EBITDA margin | 18.6% | 14.1% | 12.7% | 22.9% | 34.6% |
| Days sales outstanding | 2d | 2d | 1d | 1d | - |
| Days payable outstanding | 24d | 4d | 21d | 30d | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €217k | €225k | €232k | €242k | €274k |
| Fixed assets | 21/28 | €193k | €206k | €218k | €225k | €246k |
| Tangible fixed assets | 22/27 | €192k | €206k | €218k | €225k | €246k |
| Financial fixed assets | 28 | €230 | €230 | €230 | €230 | €230 |
| Current assets | 29/58 | €24k | €18k | €14k | €17k | €28k |
| Amounts receivable within one year | 40/41 | €2k | €2k | €363 | €1k | - |
| Cash & bank | 54/58 | €22k | €16k | €14k | €15k | €28k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €217k | €225k | €232k | €242k | €274k |
| Equity | 10/15 | €163k | €158k | €153k | €156k | €153k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €4k | €4k | €4k | €4k | €4k |
| Accumulated profits (losses) | 14 | €140k | €135k | €130k | €133k | €130k |
| Amounts payable | 17/49 | €54k | €67k | €79k | €86k | €121k |
| Amounts payable after one year | 17 | - | - | - | €15k | €26k |
| Amounts payable within one year | 42/48 | €54k | €67k | €79k | €46k | €61k |
| Trade debts payable within one year | 44 | €3k | €463 | €2k | €3k | €3k |
| Income statement | ||||||
| Turnover | 70 | €107k | €106k | €99k | €102k | €104k |
| Gross operating margin | 9900 | €67k | €61k | €58k | €60k | €45k |
| Operating result | 9901 | €5k | €1k | €-1k | €2k | €14k |
| Financial income | 75 | €3k | €4k | €3k | €3k | €3k |
| Financial charges | 65 | €351 | €213 | €2k | €2k | €3k |
| Result before taxes | 9903 | €8k | €5k | €-74 | €3k | €15k |
| Income taxes | 67/77 | €2k | €863 | €2k | €187 | €6k |
| Net result for the period | 9904 | €5k | €4k | €-2k | €3k | €9k |
| Result to be appropriated | 9905 | €5k | €4k | €-2k | €3k | €9k |
Legal Structure
| NACE primary | Office administrative and support services(82100) |
| Legal form | Private limited company(610) |
| Incorporation | 06-10-1987 |
| Status | Active |
| Postal code | 9111 |
Establishment units
VAN DE WINCKEL LYDIE
since 19922.031.959.265
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0756/00D000 | Flanders | 773 m² | 1 · 143 m² | 6.0 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
03-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-2k ▼184%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Office administrative and support services82100Office administrative, office support and other business support activities82110Office administrative, office support and other business support activities82190
Names & trade names
| Legal nameNL | LACE INTERMEDIATE |
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