LACTO RESEARCH
ActiveLACTO RESEARCH has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323k and a net result of €5k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 211 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+57
Solvency100=
Growth63▲+17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 8.6 against 9.64 in 2024; short-term debt: 10.4% and cash: 54.5% of total assets), and 10.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.6%
Return on assets
1.4%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
57 d early
2023
8 d early
2022
11 d early
2021
5 d early
2020
29 d early
2019
5 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€471k▲ 0.2%
2018 · €470k
2018: €470k
2018 → 2019
EBIT margin
-0.1%▼ 0.7pp
2018 · 0.7%
2018: 0.7%
2018 → 2019
Net result
€5k
2024 · €-13k
2018: €3k
2019: €-466
2020: €3k
2021: €53k
2022: €19k
2023: €20k
2024: €-13k
2018 → 2025
Working capital
€285k▲ 6.6%
2024 · €267k
2018: €235k
2019: €252k
2020: €283k
2021: €362k
2022: €342k
2023: €286k
2024: €267k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€291k-€310k▲ 6.4%€330k▲ 6.6%€317k▼ 3.8%€323k▲ 1.6%
Operating result€53k-€19k▼ 64.5%€20k▲ 5.4%€-14k€4k
Net result€53k-€19k▼ 64.8%€20k▲ 9.0%€-13k€5k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €360k
Fixed assets
€38k▼ 25.0%
Current assets
€322k▲ 8.2%
Equity and liabilities €360k
Equity
€323k▲ 1.6%
Debt
€37k▲ 21.2%
The debt ratio rises from 8.9% to 10.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €-334
Cash flow
€19k▲
2024 · €831
Solvency
89.6%▼
2024 · 91.1%
Current ratio
8.60▼
2024 · 9.64
Quick ratio
8.60▼
2024 · 9.64
Debt / equity
0.12▲
2024 · 0.10
ROE
1.6%▲
2024 · -3.9%
ROA
1.4%▲
2024 · -3.6%
Interest coverage
220.18▲
2024 · -2.34
Debt
€37k▲
2024 · €31k
Debt ≤ 1 year
€37k▲
2024 · €31k
Income taxes
€182▲
2024 · €155
Staff costs
€147k▲
2024 · €140k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€348k€360k▲
Fixed assets21/28€51k€38k▼
Tangible fixed assets22/27€50k€38k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€44k€32k▼
Financial fixed assets28€160€160=
Current assets29/58€298k€322k▲
Amounts receivable within one year40/41€149k€126k▼
Trade receivables40€50k€65k▲
Other amounts receivable41€99k€61k▼
Cash at bank and in hand54/58€148k€196k▲
Deferred charges and accrued income490/1€231€186▼
Equity and liabilities
Total equity and liabilities10/49€348k€360k▲
Equity10/15€317k€323k▲
Contributions10/11€22k€22k=
Profit (loss) carried forward14€295k€301k▲
Amounts payable17/49€31k€37k▲
Amounts payable within one year42/48€31k€37k▲
Trade debts44€10k€18k▲
Suppliers440/4€10k€18k▲
Taxes, remuneration and social security45€21k€19k▼
Taxes450/3€6k€8k▲
Remuneration and social security454/9€15k€11k▼
Other amounts payable47/48€96€96=
Income statement
Code20242025
Remuneration, social security and pensions62€140k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€142k€167k▲
Operating profit (loss)9901€-14k€4k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€143€81▼
Recurring financial charges65€143€81▼
Profit (loss) for the period before taxes9903€-12k€5k▲
Income taxes67/77€155€182▲
Profit (loss) for the period9904€-13k€5k▲
Profit (loss) for the period to be appropriated9905€-13k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€295k€301k▲
Profit (loss) brought forward from the previous period14P€308k€295k▼
Transfer from equity791/2€2k-
Transfer to equity691/2€2k-
To contributions691€2k-
Social balance
Average headcount (FTE)90872.52.8▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-13k ▼162%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €53k ▲1665%
Operating result €53k, net result €53k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.31
Current ratio from 3.10 to 7.31; short-term debt falls from €135k to €57k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gembloux · 2 establishment units since 2011
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.
Rue Herman Meganck,Isnes 215032 GemblouxGround area
6,547 m²
Building footprint
1,952 m²
Volume, LiDAR
12,619 m³
2 parcels, Wallonia · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue Camille Hubert,Isnes 17, 5032 Gembloux
since 20112.197.846.487
Rue Herman Meganck,Isnes 21, 5032 Gembloux
since 20122.214.090.128
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0060/00V003 | Wallonia | 3,915 m² | 1 · 882 m² | 9.4 m · 1 fl. |
| 92065B0060/00G003 | Wallonia | 2,632 m² | 1 · 1,070 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
DOKTER BAMELIS MIA, DERMATOLOOG
BE 0827.052.682
Aalst · Eq €321k
KATALYST Life Sciences
BE 0760.501.477
Neupré · Eq €318k
NovelYeast
BE 0732.508.366
Oud-Heverlee · Eq €330k
SPECTRALYS BIOTECH
BE 0712.775.992
Charleroi · Eq €313k
Bavarian Nordic Belgium
BE 1009.484.146
Sint-Joost-ten-Node · Eq €313k
Of 760 companies in sector 72101 we hold annual accounts for 481. 329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2011
Fiscal year end31-12
Activities, NACEBEL
72101Research and development on biotechnology
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.