LAGAST
InactiveLAGAST was declared bankrupt on 11-12-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 16-06-2025, published in the Belgian State Gazette on 23-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-07-2024, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
on the day
2022
19 d early
2021
9 d early
2020
27 d late
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€293k▼ 9.0%
2022 · €322k
2018: €493k
2019: €568k
2020: €55k
2021: €123k
2022: €322k
2018 → 2023
Total assets
€597k▲ 8.4%
2022 · €550k
2018: €998k
2019: €1.35M
2020: €609k
2021: €697k
2022: €550k
2018 → 2023
Net result
€-29k
2022 · €199k
2018: €35k
2019: €76k
2020: €-513k
2021: €69k
2022: €199k
2018 → 2023
Working capital
€176k▲ 37.0%
2022 · €129k
2018: €82k
2019: €-122k
2020: €-16k
2021: €98k
2022: €129k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€568k-€55k▼ 90.4%€123k▲ 126%€322k▲ 161%€293k▼ 9.0%
Operating result€26k-€-493k€87k€223k▲ 158%€-21k
Net result€76k-€-513k€69k€199k▲ 190%€-29k
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 turns negative in 2023: a loss of €21k after €223k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €597k
Fixed assets
€300k▼ 1.3%
Current assets
€296k▲ 20.4%
Equity and liabilities €597k
Equity
€293k▼ 9.0%
Debt
€303k▲ 32.9%
The debt ratio rises from 41.5% to 50.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2022 · €229k
Cash flow
€-23k▼
2022 · €205k
Solvency
49.1%▼
2022 · 58.5%
Current ratio
2.47▲
2022 · 2.10
Quick ratio
0.62▼
2022 · 0.96
Debt / equity
1.04▲
2022 · 0.71
ROE
-9.9%▼
2022 · 61.7%
ROA
-4.8%▼
2022 · 36.1%
Interest coverage
-1.99▼
2022 · 9.54
Debt
€303k▲
2022 · €228k
Debt ≤ 1 year
€120k▲
2022 · €117k
Debt > 1 year
€183k▲
2022 · €111k
Income taxes
€164▼
2022 · €202
Staff costs
€29k▲
2022 · €23k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€550k€597k▲
Fixed assets21/28€305k€300k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€7k€3k▼
Furniture and vehicles24€7k€3k▼
Financial fixed assets28€293k€295k▲
Current assets29/58€246k€296k▲
Stocks and contracts in progress3€133k€222k▲
Contracts in progress37€133k€222k▲
Amounts receivable within one year40/41€92k€70k▼
Trade receivables40€63k€61k▼
Other amounts receivable41€30k€9k▼
Cash at bank and in hand54/58€17k€1k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€550k€597k▲
Equity10/15€322k€293k▼
Contributions10/11€97k€97k=
Reserves13€471k€196k▼
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€455k€180k▼
Profit (loss) carried forward14€-246k€0▲
Amounts payable17/49€228k€303k▲
Amounts payable after more than one year17€111k€183k▲
Financial debts170/4€111k€183k▲
Other amounts payable178/9€0-
Amounts payable within one year42/48€117k€120k▲
Current portion of amounts payable after more than one year42€34k€63k▲
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€43k€7k▼
Suppliers440/4€43k€7k▼
Advances received on contracts in progress46€7k€18k▲
Taxes, remuneration and social security45€33k€6k▼
Taxes450/3€29k€164▼
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€0€6k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20222023
Non-recurring operating income76A€4k€700▼
Remuneration, social security and pensions62€23k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-696€0▲
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A-€21k
Gross operating margin9900€257k€42k▼
Operating profit (loss)9901€223k€-21k▼
Financial income75/76B€67€0▼
Recurring financial income75€67€0▼
Financial charges65/66B€24k€8k▼
Recurring financial charges65€24k€8k▼
Profit (loss) for the period before taxes9903€199k€-29k▼
Income taxes67/77€202€164▼
Profit (loss) for the period9904€199k€-29k▼
Profit (loss) for the period to be appropriated9905€199k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-246k€-275k▼
Profit (loss) brought forward from the previous period14P€-444k€-246k▲
Transfer from equity791/2-€275k
Social balance
Average headcount (FTE)90870.6-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · LAGAST BV NINOVESTEENWEG 198/29, 9320 EREMBODEGEM · event 16-06-2025
2024
17-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · LAGAST BV NINOVE- STEENWEG 198/29, 9320 EREMBODEGEM · event 11-12-2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €199k ▲190%
Operating result €223k, net result €199k, both a record.
31-12
Financial
Equity above €200kEq €322k ▲161%
2 profitable years in a row build equity to €322k.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.75
Current ratio from 0.84 to 2.75; short-term debt falls from €100k to €56k.
31-12
Financial
Equity above €100kEq €123k ▲126%
Equity rises from €55k to €123k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-513k ▼777%
Net result drops to €-513k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €568k ▲15.2%
2 profitable years in a row build equity to €568k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
11-12-2024 → present |