Laethemgoed
ActiveSummary
The computed 12-month bankruptcy probability of Laethemgoed is 1.6% (moderate). The 2024 annual accounts show equity of €9k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 1854 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-3
Solvency31▲+5
Growth85=
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
5.6%
Return on assets
4.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-09-2025, 44 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d late
2023
37 d late
2022
92 d late
2021
16 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€7k▲ 692%
2021 · €937
2021: €937
2022: €7k▲ +692% vs 2021
2021 → 2022
EBIT margin
-64.1%▲ 1169.5pp
2021 · -1233.6%
2021: -1233.6%
2022: -64.1%▲ +94.8% vs 2021
2021 → 2022
Net result
€7k▼ 33.0%
2023 · €10k
2021: €-12klowest in 4 years
2022: €-6k▲ +44.3% vs 2021
2023: €10k▲ +258% vs 2022highest in 4 years
2024: €7k▼ -33.0% vs 2023
2021 → 2024
Working capital
€-39k▼ 9.6%
2023 · €-35k
2022: €-31khighest in 3 years
2023: €-35k▼ -14.9% vs 2022
2024: €-39k▼ -9.6% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€937-€7k▲ 692%
2021: €937
2022: €7k▲ +692% vs 2021
Equity€-2k-€-8k▼ 402%€2k€9k▲ 317%
2021: €-2k
2022: €-8k▼ -402% vs 2021lowest in 4 years
2023: €2k▲ +127% vs 2022
2024: €9k▲ +317% vs 2023highest in 4 years
Operating result€-12k-€-5k▲ 58.8%€12k€9k▼ 29.0%
2021: €-12klowest in 4 years
2022: €-5k▲ +58.8% vs 2021
2023: €12k▲ +354% vs 2022highest in 4 years
2024: €9k▼ -29.0% vs 2023
Net result€-12k-€-6k▲ 44.3%€10k€7k▼ 33.0%
2021: €-12klowest in 4 years
2022: €-6k▲ +44.3% vs 2021
2023: €10k▲ +258% vs 2022highest in 4 years
2024: €7k▼ -33.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161k
Fixed assets
€155k ▲ 4.0%
Current assets
€6k ▲ 9.3%
Equity and liabilities €161k
Equity
€9k ▲ 317%
Debt
€152k ▼ 0.2%
Debt's share of the balance-sheet total falls from 98.6% to 94.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2023 · €15k
Cash flow
€11k▼
2023 · €14k
Current ratio
0.14▼
2023 · 0.14
Quick ratio
0.12▼
2023 · 0.14
Debt to equity
16.83▼
2023 · 70.40
ROE
76.0%▼
2023 · 473.9%
ROA
4.3%▼
2023 · 6.6%
Interest coverage
7.37▼
2023 · 8.29
Debt ≤ 1 year
€45k▲
2023 · €41k
Debt > 1 year
€107k▼
2023 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€154k€161k▲
Fixed assets21/28€149k€155k▲
Tangible fixed assets22/27€149k€155k▲
Plant, machinery and equipment23€28k€28k▼
Assets under construction and advance payments27€120k€126k▲
Current assets29/58€6k€6k▲
Stocks and contracts in progress3€58€657▲
Stocks30/36€58€657▲
Amounts receivable within one year40/41€929€131▼
Trade receivables40€162€126▼
Other amounts receivable41€767€5▼
Cash at bank and in hand54/58€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€154k€161k▲
Equity10/15€2k€9k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-8k€-979▲
Amounts payable17/49€152k€152k▼
Amounts payable after more than one year17€111k€107k▼
Financial debts170/4€111k€107k▼
Amounts payable within one year42/48€41k€45k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€476€1k▲
Suppliers440/4€476€1k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€2k€559▼
Taxes450/3-€559
Remuneration and social security454/9€2k-
Other amounts payable47/48€35k€38k▲
Accrued charges and deferred income492/3€393€223▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€132€350▲
Gross operating margin9900€16k€13k▼
Operating profit (loss)9901€12k€9k▼
Financial income75/76B€30€2▼
Recurring financial income75€30€2▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€10k€7k▼
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-979▲
Profit (loss) brought forward from the previous period14P€-18k€-8k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €937 | €7k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €12k | €10k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2k | €3k | €4k | ▲ 20.2% |
| Other operating charges640/8 | - | €100 | €132 | €350 | ▲ 165% |
| Gross operating margin9900 | €-12k | €-3k | €16k | €13k | ▼ 16.8% |
| Operating profit (loss)9901 | €-12k | €-5k | €12k | €9k | ▼ 29.0% |
| Financial income75/76B | - | €3 | €30 | €2 | ▼ 93.3% |
| Recurring financial income75 | - | €3 | €30 | €2 | ▼ 93.3% |
| Financial charges65/66B | €54 | €2k | €2k | €2k | ▼ 8.2% |
| Recurring financial charges65 | €54 | €2k | €2k | €2k | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €-12k | €-6k | €10k | €7k | ▼ 33.0% |
| Profit (loss) for the period9904 | €-12k | €-6k | €10k | €7k | ▼ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €-6k | €10k | €7k | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €98k | €143k | €154k | €161k | ▲ 4.2% |
| Fixed assets21/28 | €69k | €137k | €149k | €155k | ▲ 4.0% |
| Tangible fixed assets22/27 | €69k | €137k | €149k | €155k | ▲ 4.0% |
| Plant, machinery and equipment23 | - | €25k | €28k | €28k | ▼ 0.5% |
| Assets under construction and advance payments27 | €69k | €112k | €120k | €126k | ▲ 5.1% |
| Current assets29/58 | €29k | €6k | €6k | €6k | ▲ 9.3% |
| Stocks and contracts in progress3 | - | €73 | €58 | €657 | ▲ 1,033% |
| Stocks30/36 | - | €73 | €58 | €657 | ▲ 1,033% |
| Amounts receivable within one year40/41 | €3k | €567 | €929 | €131 | ▼ 85.9% |
| Trade receivables40 | €182 | €518 | €162 | €126 | ▼ 22.2% |
| Other amounts receivable41 | €3k | €49 | €767 | €5 | ▼ 99.3% |
| Cash at bank and in hand54/58 | €26k | €5k | €5k | €5k | ▲ 15.6% |
| Deferred charges and accrued income490/1 | €10 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €98k | €143k | €154k | €161k | ▲ 4.2% |
| Equity10/15 | €-2k | €-8k | €2k | €9k | ▲ 317% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-12k | €-18k | €-8k | €-979 | ▲ 87.5% |
| Amounts payable17/49 | €100k | €151k | €152k | €152k | ▼ 0.2% |
| Amounts payable after more than one year17 | €100k | €115k | €111k | €107k | ▼ 3.7% |
| Financial debts170/4 | €100k | €115k | €111k | €107k | ▼ 3.7% |
| Amounts payable within one year42/48 | - | €37k | €41k | €45k | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €4k | ▲ 4.3% |
| Trade debts44 | - | €282 | €476 | €1k | ▲ 197% |
| Suppliers440/4 | - | €282 | €476 | €1k | ▲ 197% |
| Advances received on contracts in progress46 | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | - | €2k | €559 | ▼ 62.7% |
| Taxes450/3 | - | - | - | €559 | - |
| Remuneration and social security454/9 | - | - | €2k | - | - |
| Other amounts payable47/48 | - | €33k | €35k | €38k | ▲ 7.6% |
| Accrued charges and deferred income492/3 | - | €50 | €393 | €223 | ▼ 43.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-6k | €10k | €7k | ▼ 33.0% |
| + Depreciation and write-downs630 | - | €2k | €3k | €4k | ▲ 20.2% |
| Operating cash flow (approximation) | €-12k | €-5k | €14k | €11k | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | €-70k | €-15k | €-10k | ▲ 31.3% |
| Change in cash | - | €-21k | €-674 | €726 | ▲ 208% |
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
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
2024
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 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
2 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, Zwalm · 1 establishment unit since 2021
Ground area
2,584 m²
Building footprint
109 m²
Volume, LiDAR
775 m³
Parcel 45049A0425/00C000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Laethemgoed
since 20212.315.506.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45049A0425/00C000 | Flanders | 2,584 m² | 1 · 109 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 732 companies in sector 55209 we hold annual accounts for 208. 94 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
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
55209Other holiday and short-stay accommodation
01210Crop and animal production, hunting and related service activities
11010Manufacture of beverages
43211General electrical installation work
47251Retail sale of wines and spirits
Scores and ratios are computed by Checked and are not a credit decision.