LADAN
ActiveSummary
The computed 12-month bankruptcy probability of LADAN is 2.5% (moderate). The annual accounts of LADAN for fiscal year 2025 show a net loss of 147% of total assets and of 100% of the equity at the start of that year. The 2025 annual accounts show equity of €31 and a net result of €-13k. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 1865 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-14
Solvency25▼-46
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 1.15 in 2024; short-term debt: 99.6% and cash: 4.4% of total assets), and 99.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
0.4%
Return on assets
-147.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-13k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1865 sector peers (2025).
NBB · sector comparisonPosition among 1865 sector peers
Solvency
better than 10%
← weakest
strongest →
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
61 d late
2023
18 d late
2022
3 d late
2021
69 d early
2020
24 d late
2019
39 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€14k▲ 435%
2021 · €3k
EBIT margin
-82.9%▼ 308.0pp
2021 · 225.0%
Net result
€-13k▼ 277%
2024 · €-3k
Working capital
€-7k
2024 · €2k
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
Line20212022202320242025
Turnover€3k▼ 78.5%€14k▲ 435%
Operating result€6k€-12k€5k€-3k€-12k▼ 282%
Net result€6k€-12k€5k€-3k€-13k▼ 277%
EBIT margin225.0%▲ 259.0pp-82.9%▼ 308.0pp
Equity€23k▲ 32.6%€11k▼ 51.4%€16k▲ 42.4%€13k▼ 20.9%€31▼ 99.8%
Total assets€24k▲ 4.7%€13k▼ 45.8%€20k▲ 52.3%€27k▲ 38.5%€9k▼ 68.9%
Debt€908▼ 83.5%€2k▲ 97.8%€4k▲ 114%€15k▲ 285%€8k▼ 42.5%
Working capital€14k▲ 718%€8k▼ 45.0%€2k▼ 71.8%€2k▲ 0.6%€-7k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€7k ▼ 29.8%
Current assets
€1k ▼ 92.7%
Equity and liabilities €9k
Equity
€31 ▼ 99.8%
Debt
€8k ▼ 42.5%
Debt's share of the balance-sheet total rises from 54.0% to 99.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▼
2024 · €74
Cash flow
€-9k▼
2024 · €13
Current ratio
0.15▼
2024 · 1.15
ROA
-147.3%▼
2024 · -12.2%
Interest coverage
-168.16▼
2024 · 1.21
Debt ≤ 1 year
€8k▼
2024 · €15k
Equity ratios withheld: equity of €31 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3k | €14k | - | - | - | - |
| Non-recurring operating income76A | €25k | €11k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €14k | €28k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €2k | €3k | €3k | ▼ 7.7% |
| Other operating charges640/8 | €406 | €2k | €143 | €791 | €1k | ▲ 28.2% |
| Non-recurring operating charges66A | - | - | - | €465 | €363 | ▼ 22.0% |
| Gross operating margin9900 | €13k | €-3k | €7k | €1k | €-8k | ▼ 704% |
| Operating profit (loss)9901 | €6k | €-12k | €5k | €-3k | €-12k | ▼ 282% |
| Financial charges65/66B | €79 | €96 | €110 | €61 | €56 | ▼ 8.4% |
| Recurring financial charges65 | €79 | €96 | €110 | €61 | €56 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €6k | €-12k | €5k | €-3k | €-13k | ▼ 277% |
| Profit (loss) for the period9904 | €6k | €-12k | €5k | €-3k | €-13k | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-12k | €5k | €-3k | €-13k | ▼ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €13k | €20k | €27k | €9k | ▼ 68.9% |
| Fixed assets21/28 | €9k | €3k | €14k | €10k | €7k | ▼ 29.8% |
| Tangible fixed assets22/27 | €9k | €3k | €14k | €10k | €7k | ▼ 29.8% |
| Furniture and vehicles24 | €9k | €3k | €14k | €10k | €7k | ▼ 29.8% |
| Current assets29/58 | €15k | €10k | €6k | €17k | €1k | ▼ 92.7% |
| Amounts receivable within one year40/41 | €3k | €2k | €4k | €1k | €859 | ▼ 42.0% |
| Trade receivables40 | €1k | - | €2k | - | - | - |
| Other amounts receivable41 | €1k | €2k | €2k | €1k | €859 | ▼ 42.0% |
| Cash at bank and in hand54/58 | €13k | €7k | €2k | €16k | €379 | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €13k | €20k | €27k | €9k | ▼ 68.9% |
| Equity10/15 | €23k | €11k | €16k | €13k | €31 | ▼ 99.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | €19k | €19k | €19k | = |
| Other1109/19 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €665 | €665 | €665 | €665 | €665 | = |
| Non-distributable reserves130/1 | €665 | €665 | €665 | €665 | €665 | = |
| Reserves not available under the articles1311 | €665 | €665 | €665 | €665 | €665 | = |
| Profit (loss) carried forward14 | €4k | €-8k | €-3k | €-7k | €-19k | ▼ 188% |
| Amounts payable17/49 | €908 | €2k | €4k | €15k | €8k | ▼ 42.5% |
| Amounts payable within one year42/48 | €908 | €2k | €4k | €15k | €8k | ▼ 42.5% |
| Trade debts44 | - | €440 | €4k | €3k | €28 | ▼ 99.0% |
| Suppliers440/4 | - | €440 | €4k | €3k | €28 | ▼ 99.0% |
| Taxes, remuneration and social security45 | - | €1k | €273 | €273 | €273 | = |
| Taxes450/3 | - | €57 | €273 | €273 | €273 | = |
| Remuneration and social security454/9 | - | €1k | - | - | - | - |
| Other amounts payable47/48 | €908 | - | - | €12k | €8k | ▼ 29.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-12k | €5k | €-3k | €-13k | ▼ 277% |
| + Depreciation and write-downs630 | €7k | €7k | €2k | €3k | €3k | ▼ 7.7% |
| Operating cash flow (approximation) | €13k | €-5k | €6k | €13 | €-9k | ▼ 72,238% |
| Investment in fixed assets (approximation) | - | €-2k | €-12k | €0 | €0 | - |
| Change in cash | - | €-6k | €-5k | €13k | €-15k | ▼ 213% |
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
Next filing, fiscal year 2026, expected by
2026
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 16.65
Current ratio from 1.32 to 16.65; short-term debt falls from €5k to €908.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
Show earlier events
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Schaarbeek · 1 establishment unit since 1994
Ground area
473 m²
Building footprint
274 m²
Volume, LiDAR
3,649 m³
2 parcels, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LADAN
since 19942.068.171.345
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0117/00C002 | Brussels | 343 m² | 1 · 191 m² | 17.5 m · 5 fl. |
| 21910E0190/00N006 | Brussels | 130 m² | 1 · 83 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,292. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.