LADAVID
ActiveSummary
LADAVID has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213,619 and a net result of -€7,456. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-12
Solvency53=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.26 in 2024; short-term debt: 28.2% and cash: 2.2% of total assets), and 72% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€7,456
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
56 d late
2023
54 d late
2022
31 d late
2021
30 d late
2020
61 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€213,619▼ 3.4%
2024 · €221,075
Total assets
€764,153▼ 3.5%
2024 · €791,781
Net result
-€7,456▲ 45.3%
2024 · -€13,636
Working capital
€50,183▼ 12.8%
2024 · €57,566
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,628€5,914▼ 71.3%€13,642▲ 131%-€5,418€8,707
Net result€6,582within the sector's middle half-€6,848below the sector's middle half-€2,948within the sector's middle half▲ 57.0%-€13,636below the sector's middle half▼ 363%-€7,456below the sector's middle half▲ 45.3%
Equity€244,507above the sector's middle half▲ 2.8%€237,659above the sector's middle half▼ 2.8%€234,711above the sector's middle half▼ 1.2%€221,075above the sector's middle half▼ 5.8%€213,619above the sector's middle half▼ 3.4%
Total assets€802,117above the sector's middle half▼ 4.2%€746,387above the sector's middle half▼ 6.9%€700,074above the sector's middle half▼ 6.2%€791,781above the sector's middle half▲ 13.1%€764,153above the sector's middle half▼ 3.5%
Debt€557,610▼ 6.9%€508,728▼ 8.8%€465,363▼ 8.5%€570,706▲ 22.6%€550,534▼ 3.5%
Working capital€122,842above the sector's middle half▼ 5.7%€109,110above the sector's middle half▼ 11.2%€108,588above the sector's middle half▼ 0.5%€57,566within the sector's middle half▼ 47.0%€50,183within the sector's middle half▼ 12.8%
Solvency30.5%within the sector's middle half▲ 2.1pp31.8%within the sector's middle half▲ 1.4pp33.5%within the sector's middle half▲ 1.7pp27.9%within the sector's middle half▼ 5.6pp28.0%within the sector's middle half=
Current ratio3.89above the sector's middle half▼ 0.593.67above the sector's middle half▼ 0.223.36above the sector's middle half▼ 0.311.26within the sector's middle half▼ 2.101.23within the sector's middle half▼ 0.03
Return on assets (ROA)0.8%within the sector's middle half▲ 2.5pp-0.9%within the sector's middle half▼ 1.7pp-0.4%within the sector's middle half▲ 0.5pp-1.7%within the sector's middle half▼ 1.3pp-1.0%within the sector's middle half▲ 0.7pp
Staff (FTE)1.1▲ 37.5%1.3▲ 18.2%2▲ 53.8%2.6▲ 30.0%3.1▲ 19.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,707 after a loss of €5,418 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €764,153
Fixed assets
€498,185 ▼ 3.1%
Current assets
€265,968 ▼ 4.3%
Equity and liabilities €764,153
Equity
€213,619 ▼ 3.4%
Debt
€550,534 ▼ 3.5%
Debt's share of the balance-sheet total stays at 72.0%.
Key figures and ratios
EBITDA
€61,423▲
2024 · €46,004
Cash flow
€45,260▲
2024 · €37,786
Quick ratio
0.80▼
2024 · 0.82
Debt to equity
2.58▼
2024 · 2.58
ROE
-3.5%▲
2024 · -6.2%
Interest coverage
3.81▼
2024 · 5.33
Debt ≤ 1 year
€215,785▼
2024 · €220,279
Debt > 1 year
€334,749▼
2024 · €350,427
Staff costs
€16,988▼
2024 · €29,666
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,747 | €6,589 | €5,060 | €1,760 | ▼ 65.2% |
| Remuneration, social security and pensions62 | €23,780 | €25,902 | €29,851 | €29,666 | €16,988 | ▼ 42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,110 | €53,247 | €52,082 | €51,422 | €52,716 | ▲ 2.5% |
| Other operating charges640/8 | €10,542 | €9,899 | €10,440 | €10,020 | €11,145 | ▲ 11.2% |
| Non-recurring operating charges66A | - | - | €5,434 | - | €227 | - |
| Gross operating margin9900 | €107,060 | €94,962 | €111,449 | €85,690 | €89,783 | ▲ 4.8% |
| Operating profit (loss)9901 | €20,628 | €5,914 | €13,642 | -€5,418 | €8,707 | ▲ 261% |
| Financial income75/76B | €153 | €183 | €94 | €592 | - | - |
| Recurring financial income75 | €86 | €141 | €24 | €538 | - | - |
| Non-recurring financial income76B | €67 | €42 | €70 | €54 | - | - |
| Financial charges65/66B | €14,199 | €12,945 | €16,684 | €8,810 | €16,163 | ▲ 83.5% |
| Recurring financial charges65 | €14,110 | €12,681 | €11,250 | €8,633 | €16,107 | ▲ 86.6% |
| Non-recurring financial charges66B | €89 | €264 | €5,434 | €177 | €56 | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | €6,582 | -€6,848 | -€2,948 | -€13,636 | -€7,456 | ▲ 45.3% |
| Profit (loss) for the period9904 | €6,582 | -€6,848 | -€2,948 | -€13,636 | -€7,456 | ▲ 45.3% |
| Profit (loss) for the period to be appropriated9905 | €6,582 | -€6,848 | -€2,948 | -€13,636 | -€7,456 | ▲ 45.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €802,117 | €746,387 | €700,074 | €791,781 | €764,153 | ▼ 3.5% |
| Fixed assets21/28 | €636,759 | €596,349 | €545,405 | €513,936 | €498,185 | ▼ 3.1% |
| Tangible fixed assets22/27 | €636,259 | €595,849 | €544,905 | €513,436 | €497,685 | ▼ 3.1% |
| Land and buildings22 | €635,579 | €595,578 | €544,905 | €512,052 | €473,360 | ▼ 7.6% |
| Furniture and vehicles24 | €680 | €271 | - | €1,384 | €24,325 | ▲ 1,658% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €165,358 | €150,038 | €154,669 | €277,845 | €265,968 | ▼ 4.3% |
| Stocks and contracts in progress3 | €101,931 | €104,343 | €109,524 | €98,269 | €93,659 | ▼ 4.7% |
| Stocks30/36 | €101,931 | €104,343 | €109,524 | €98,269 | €93,659 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €6,564 | €2,649 | €1,465 | €154,012 | €152,078 | ▼ 1.3% |
| Trade receivables40 | €642 | €2,385 | €149 | €1,691 | €1,833 | ▲ 8.4% |
| Other amounts receivable41 | €5,922 | €264 | €1,316 | €152,321 | €150,245 | ▼ 1.4% |
| Current investments50/53 | €366 | €368 | €368 | €368 | €368 | = |
| Cash at bank and in hand54/58 | €52,950 | €38,710 | €39,629 | €20,168 | €16,530 | ▼ 18.0% |
| Deferred charges and accrued income490/1 | €3,547 | €3,968 | €3,683 | €5,028 | €3,333 | ▼ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €802,117 | €746,387 | €700,074 | €791,781 | €764,153 | ▼ 3.5% |
| Equity10/15 | €244,507 | €237,659 | €234,711 | €221,075 | €213,619 | ▼ 3.4% |
| Contributions10/11 | €102,035 | €102,035 | €102,035 | €102,035 | €102,035 | = |
| Revaluation surpluses12 | €410,000 | €410,000 | €410,000 | €410,000 | €410,000 | = |
| Profit (loss) carried forward14 | -€267,528 | -€274,376 | -€277,324 | -€290,960 | -€298,416 | ▼ 2.6% |
| Amounts payable17/49 | €557,610 | €508,728 | €465,363 | €570,706 | €550,534 | ▼ 3.5% |
| Amounts payable after more than one year17 | €515,094 | €467,800 | €419,282 | €350,427 | €334,749 | ▼ 4.5% |
| Financial debts170/4 | €284,874 | €248,353 | €210,521 | €171,332 | €148,276 | ▼ 13.5% |
| Other amounts payable178/9 | €230,220 | €219,447 | €208,761 | €179,095 | €186,473 | ▲ 4.1% |
| Amounts payable within one year42/48 | €42,516 | €40,928 | €46,081 | €220,279 | €215,785 | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | €35,256 | €36,521 | €37,832 | €39,189 | €45,210 | ▲ 15.4% |
| Financial debts43 | - | - | - | €150,000 | €150,000 | = |
| Credit institutions430/8 | - | - | - | €150,000 | €150,000 | = |
| Trade debts44 | €1,999 | €1,200 | €2,709 | €6,354 | €2,601 | ▼ 59.1% |
| Suppliers440/4 | €1,999 | €1,200 | €2,709 | €6,354 | €2,601 | ▼ 59.1% |
| Taxes, remuneration and social security45 | €5,231 | €2,449 | €5,540 | €23,611 | €17,974 | ▼ 23.9% |
| Taxes450/3 | €970 | €1,024 | €549 | €13,936 | €14,146 | ▲ 1.5% |
| Remuneration and social security454/9 | €4,261 | €1,425 | €4,991 | €9,675 | €3,828 | ▼ 60.4% |
| Other amounts payable47/48 | €30 | €758 | - | €1,125 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,582 | -€6,848 | -€2,948 | -€13,636 | -€7,456 | ▲ 45.3% |
| + Depreciation and write-downs630 | €52,110 | €53,247 | €52,082 | €51,422 | €52,716 | ▲ 2.5% |
| Operating cash flow (approximation) | €58,692 | €46,399 | €49,134 | €37,786 | €45,260 | ▲ 19.8% |
| Investment in fixed assets (approximation) | - | -€12,837 | -€1,138 | -€19,953 | -€36,965 | ▼ 85.3% |
| Change in cash | - | -€14,240 | €919 | -€19,461 | -€3,638 | ▲ 81.3% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €6,582
Net result €6,582 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet -€42,919
Net result drops to -€42,919, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tournai · 2 establishment units since 1991
Ground area
1,082 m²
Building footprint
633 m²
Volume, LiDAR
723 m³
2 parcels, Wallonia · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
LADAVID
since 19912.053.962.330
YCONE
since 20072.159.782.006
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031B0468/00A003 | Wallonia | 946 m² | 1 · 572 m² | - |
| 57081F0700/00E000 | Wallonia | 136 m² | 1 · 61 m² | 17.1 m · 4 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 1,392 companies in this sector we hold annual accounts for 429. 313 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
47784Retail sale of souvenirs and religious articles
32130Manufacture of imitation jewellery and related articles
47519Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444642258
Also
9925:BE0444642258
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.