LAG TRAILERS
ActiveSummary
LAG TRAILERS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29.7m and a net result of €4.2m. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 85 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+7
Solvency85▲+4
Growth63▼-3
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.61 against 2.4 in 2023; short-term debt: 38.3% and cash: 19.8% of total assets), and 40% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60%
Return on assets
8.5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
12 d early
2022
34 d early
2021
23 d late
2020
9 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 employer in Limburg, Motor vehicles sector#2 company by total assets in Bree, Manufacturing sector#2 company by equity in Bree, Manufacturing sector
Turnover
€87.1m▼ 11.2%
2023 · €98.1m
EBIT margin
6.5%▲ 3.3pp
2023 · 3.2%
Net result
€4.2m▲ 74.6%
2023 · €2.4m
Working capital
€30.5m▲ 6.1%
2023 · €28.8m
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
Line20202021202220232024
Turnover€82.1m▼ 11.5%€85.1m▲ 3.7%€94.0m▲ 10.5%€98.1m▲ 4.3%€87.1m▼ 11.2%
Operating result€5.2m▲ 7.7%€4.0m▼ 23.2%-€1.6m€3.1m€5.6m▲ 80.2%
Net result€3.8m▲ 3.3%€2.9m▼ 25.2%€808,548▼ 71.6%€2.4m▲ 198%€4.2m▲ 74.6%
EBIT margin6.3%▲ 1.1pp4.7%▼ 1.6pp-1.7%▼ 6.4pp3.2%▲ 4.9pp6.5%▲ 3.3pp
Equity€21.7m▲ 21.4%€24.5m▲ 13.2%€25.3m▲ 3.3%€27.7m▲ 9.5%€29.7m▲ 7.1%
Total assets€45.5m▼ 7.6%€48.5m▲ 6.6%€50.0m▲ 3.1%€49.3m▼ 1.5%€49.5m▲ 0.4%
Debt€23.0m▼ 23.9%€23.3m▲ 1.3%€23.9m▲ 2.9%€20.5m▼ 14.3%€19.0m▼ 7.5%
Working capital€22.8m▲ 14.7%€25.2m▲ 10.7%€26.1m▲ 3.5%€28.8m▲ 10.2%€30.5m▲ 6.1%
Staff (FTE)389▼ 1.8%371.4▼ 4.5%353.1▼ 4.9%345.5▼ 2.2%328.8▼ 4.8%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 80% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49.5m
Fixed assets
€18,070 ▲ 7.4%
Current assets
€49.5m ▲ 0.4%
Equity and liabilities €49.5m
Equity
€29.7m ▲ 7.1%
Provisions
€801,658 ▼ 22.9%
Debt
€19.0m ▼ 7.5%
Debt's share of the balance-sheet total falls from 41.6% to 38.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.6m▲
2023 · €3.2m
Cash flow
€4.2m▲
2023 · €2.4m
Current ratio
2.61▲
2023 · 2.40
Quick ratio
1.13▲
2023 · 0.81
Debt to equity
0.64▼
2023 · 0.74
ROE
14.1%▲
2023 · 8.7%
ROA
8.5%▲
2023 · 4.9%
Interest coverage
343.46▲
2023 · 248.75
Debt ≤ 1 year
€19.0m▼
2023 · €20.5m
Income taxes
€1.5m▲
2023 · €764,133
Staff costs
€22.4m▼
2023 · €22.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 344 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0%
went bankrupt
2.3%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 344 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €88.0m | €97.8m | €101.7m | €86.9m | ▼ 14.6% |
| Turnover70 | €82.1m | €85.1m | €94.0m | €98.1m | €87.1m | ▼ 11.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €935,030 | €2.0m | €1.3m | -€1.8m | ▼ 238% |
| Other operating income74 | - | €1.9m | €1.8m | €2.3m | €1.6m | ▼ 28.0% |
| Non-recurring operating income76A | - | €125,230 | €15,500 | €8,081 | - | - |
| Operating charges60/66A | - | €84.0m | €99.4m | €98.5m | €81.2m | ▼ 17.6% |
| Goods for resale, raw materials and consumables60 | - | €55.5m | €69.2m | €66.4m | €51.4m | ▼ 22.6% |
| Purchases600/8 | - | €59.3m | €73.8m | €61.0m | €48.6m | ▼ 20.3% |
| Change in stocks: decrease (increase)609 | - | -€3.8m | -€4.7m | €5.5m | €2.8m | ▼ 48.2% |
| Services and other goods61 | - | €7.0m | €8.9m | €9.0m | €7.6m | ▼ 15.4% |
| Remuneration, social security and pensions62 | - | €21.2m | €21.1m | €22.9m | €22.4m | ▼ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,759 | €39,543 | €37,471 | €31,058 | €5,625 | ▼ 81.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €24,658 | €69,671 | -€216,436 | -€126,463 | ▲ 41.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€47,394 | €36,566 | €275,902 | -€238,586 | ▼ 186% |
| Other operating charges640/8 | - | €215,482 | €116,430 | €155,087 | €131,426 | ▼ 15.3% |
| Non-recurring operating charges66A | - | - | - | €2,531 | €4,618 | ▲ 82.5% |
| Operating profit (loss)9901 | €5.2m | €4.0m | -€1.6m | €3.1m | €5.6m | ▲ 80.2% |
| Financial income75/76B | - | €30,525 | €2.9m | €72,964 | €86,918 | ▲ 19.1% |
| Recurring financial income75 | €213,615 | €30,525 | €64,067 | €72,964 | €86,918 | ▲ 19.1% |
| Income from current assets751 | - | €30,001 | €30,041 | €69,200 | €86,750 | ▲ 25.4% |
| Other financial income752/9 | - | €524 | €34,026 | €3,764 | €168 | ▼ 95.5% |
| Non-recurring financial income76B | - | - | €2.8m | - | - | - |
| Financial charges65/66B | - | €74,587 | €57,333 | €27,639 | €48,488 | ▲ 75.4% |
| Recurring financial charges65 | €196,988 | €74,587 | €57,333 | €27,639 | €48,488 | ▲ 75.4% |
| Debt charges650 | €177,994 | €58,393 | €26,312 | €12,687 | €16,413 | ▲ 29.4% |
| Other financial charges652/9 | - | €16,194 | €31,021 | €14,951 | €32,075 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €5.2m | €4.0m | €1.3m | €3.2m | €5.7m | ▲ 78.9% |
| Income taxes67/77 | €1.4m | €1.1m | €445,707 | €764,133 | €1.5m | ▲ 92.2% |
| Taxes670/3 | - | €1.1m | €445,707 | €844,652 | €1.5m | ▲ 73.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €80,520 | - | - |
| Profit (loss) for the period9904 | €3.8m | €2.9m | €808,548 | €2.4m | €4.2m | ▲ 74.6% |
| Profit (loss) for the period to be appropriated9905 | €3.8m | €2.9m | €808,548 | €2.4m | €4.2m | ▲ 74.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45.5m | €48.5m | €50.0m | €49.3m | €49.5m | ▲ 0.4% |
| Fixed assets21/28 | €128,468 | €86,855 | €47,884 | €16,825 | €18,070 | ▲ 7.4% |
| Tangible fixed assets22/27 | €113,697 | €74,154 | €36,683 | €5,625 | - | - |
| Land and buildings22 | - | €74,154 | €36,683 | €5,625 | - | - |
| Financial fixed assets28 | €14,770 | €12,700 | €11,200 | €11,200 | €18,070 | ▲ 61.3% |
| Other financial fixed assets284/8 | - | €12,700 | €11,200 | €11,200 | €18,070 | ▲ 61.3% |
| Amounts receivable and cash guarantees285/8 | - | €12,700 | €11,200 | €11,200 | €18,070 | ▲ 61.3% |
| Current assets29/58 | €45.4m | €48.4m | €50.0m | €49.3m | €49.5m | ▲ 0.4% |
| Stocks and contracts in progress3 | €17.2m | €30.1m | €36.7m | €32.6m | €28.1m | ▼ 13.9% |
| Stocks30/36 | - | €22.0m | €26.1m | €24.1m | €20.5m | ▼ 15.0% |
| Raw materials and consumables30/31 | - | €15.3m | €19.8m | €14.5m | €11.8m | ▼ 18.6% |
| Finished goods33 | - | €6.8m | €6.3m | €9.6m | €8.7m | ▼ 9.6% |
| Contracts in progress37 | - | €8.1m | €10.5m | €8.5m | €7.6m | ▼ 10.9% |
| Amounts receivable within one year40/41 | €10.5m | €10.8m | €10.8m | €10.9m | €6.6m | ▼ 39.3% |
| Trade receivables40 | - | €9.3m | €8.9m | €9.2m | €6.2m | ▼ 33.0% |
| Other amounts receivable41 | - | €1.5m | €1.8m | €1.7m | €418,946 | ▼ 74.7% |
| Current investments50/53 | - | - | - | - | €5.0m | - |
| Other investments51/53 | - | - | - | - | €5.0m | - |
| Cash at bank and in hand54/58 | €9.3m | €7.4m | €2.4m | €5.7m | €9.8m | ▲ 72.6% |
| Deferred charges and accrued income490/1 | - | €101,892 | €101,466 | €110,140 | €17,341 | ▼ 84.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45.5m | €48.5m | €50.0m | €49.3m | €49.5m | ▲ 0.4% |
| Equity10/15 | €21.7m | €24.5m | €25.3m | €27.7m | €29.7m | ▲ 7.1% |
| Contributions10/11 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Capital10 | - | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Issued capital100 | - | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Reserves13 | €324,500 | €324,500 | €324,500 | €324,500 | €324,500 | = |
| Non-distributable reserves130/1 | - | €324,500 | €324,500 | €324,500 | €324,500 | = |
| Legal reserve130 | - | €324,500 | €324,500 | €324,500 | €324,500 | = |
| Profit (loss) carried forward14 | €18.1m | €21.0m | €21.8m | €24.2m | €26.1m | ▲ 8.2% |
| Provisions and deferred taxes16 | €890,400 | €727,776 | €764,342 | €1.0m | €801,658 | ▼ 22.9% |
| Provisions for liabilities and charges160/5 | - | €727,776 | €764,342 | €1.0m | €801,658 | ▼ 22.9% |
| Pensions and similar obligations160 | - | €59,208 | €29,373 | €8,115 | - | - |
| Other liabilities and charges164/5 | - | €668,567 | €734,969 | €1.0m | €801,658 | ▼ 22.3% |
| Amounts payable17/49 | €23.0m | €23.3m | €23.9m | €20.5m | €19.0m | ▼ 7.5% |
| Amounts payable within one year42/48 | €22.6m | €23.2m | €23.9m | €20.5m | €19.0m | ▼ 7.5% |
| Trade debts44 | €9.8m | €11.2m | €11.1m | €7.0m | €6.0m | ▼ 13.9% |
| Suppliers440/4 | - | €11.2m | €11.1m | €7.0m | €6.0m | ▼ 13.9% |
| Advances received on contracts in progress46 | - | €8.4m | €8.7m | €9.2m | €8.8m | ▼ 4.6% |
| Taxes, remuneration and social security45 | - | €3.6m | €4.1m | €4.3m | €4.2m | ▼ 3.2% |
| Taxes450/3 | - | €598,982 | €838,838 | €464,339 | €232,090 | ▼ 50.0% |
| Remuneration and social security454/9 | - | €3.0m | €3.2m | €3.8m | €3.9m | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | €50,000 | €50,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.8m | €2.9m | €808,548 | €2.4m | €4.2m | ▲ 74.6% |
| + Depreciation and write-downs630 | €45,759 | €39,543 | €37,471 | €31,058 | €5,625 | ▼ 81.9% |
| Operating cash flow (approximation) | €3.9m | €2.9m | €846,019 | €2.4m | €4.2m | ▲ 72.6% |
| Investment in fixed assets (approximation) | - | €2,070 | €1,500 | €0 | -€6,870 | - |
| Change in cash | - | -€1.9m | -€5.0m | €3.3m | €4.1m | ▲ 26.5% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €4.2m ▲74.6%
Operating result €5.6m, net result €4.2m, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €808,548 ▼71.6%
Net result drops to €808,548, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €25mEq €25.3m ▲3.3%
5 profitable years in a row build equity to €25.3m.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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
23 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, Bree · 1 establishment unit since 1996
Ground area
14.1 ha
Building footprint
1,457 m²
Volume, LiDAR
9,330 m³
Parcel 72004B0186/00G004, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kanaallaan 54, 3960 Bree
since 19962.075.349.345
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B0186/00G004 | Flanders | 14.1 ha | 1 · 1,457 m² | 8.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 372,928 EUR awarded · 372,928 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,191 EUR | 9,191 EUR |
| 2024 | 1 | 87,232 EUR | 87,232 EUR |
| 2023 | 2 | 194,752 EUR | 194,752 EUR |
| 2022 | 1 | 81,753 EUR | 81,753 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493000F7HR1V59UUI09
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Of 130 companies in sector 29202 we hold annual accounts for 85. 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 formPublic limited company
Founded29-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
29202Manufacture of motor vehicles, trailers and semi-trailers
29201Manufacture of motor vehicles, trailers and semi-trailers
46712Wholesale trade
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
95319Other maintenance and repair of motor vehicles
46713Wholesale trade
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456912362
Also
9925:BE0456912362
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.