Lago
ActiveSummary
Lago has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €12k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 10.94 against 29.39 in 2024; short-term debt: 9.1% and cash: 97.3% of total assets), and 9.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.9%
Return on assets
16.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
31 d early
2023
36 d early
2022
14 d early
2021
25 d early
2020
2 d early
2019
2 d early
← 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, micro schema
Equity
€63k▼ 63.0%
2024 · €172k
Total assets
€70k▼ 60.7%
2024 · €178k
Net result
€12k▲ 68.1%
2024 · €7k
Working capital
€63k▼ 61.6%
2024 · €165k
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
Operating result€291▼ 97.5%€5k▲ 1,580%€28k▲ 474%€10k▼ 63.7%€18k▲ 72.3%
Net result€69▼ 99.4%€5k▲ 6,555%€20k▲ 340%€7k▼ 65.6%€12k▲ 68.1%
Equity€140k=€145k▲ 3.3%€165k▲ 14.0%€172k▲ 4.2%€63k▼ 63.0%
Total assets€144k▼ 18.8%€148k▲ 2.8%€172k▲ 16.4%€178k▲ 3.4%€70k▼ 60.7%
Debt€4k▼ 90.3%€3k▼ 18.0%€7k▲ 136%€6k▼ 15.6%€6k▲ 9.5%
Working capital€129k▲ 3.2%€126k▼ 2.2%€152k▲ 21.0%€165k▲ 8.6%€63k▼ 61.6%
Staff (FTE)5.26.8▲ 30.8%7.1▲ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €70k
Equity
€63k ▼ 63.0%
Debt
€6k ▲ 9.5%
Debt's share of the balance-sheet total rises from 3.3% to 9.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
10.94▼
2024 · 29.39
Debt to equity
0.10▲
2024 · 0.03
ROE
18.4%▲
2024 · 4.0%
ROA
16.7%▲
2024 · 3.9%
Debt ≤ 1 year
€6k▲
2024 · €6k
Income taxes
€6k▲
2024 · €4k
Staff costs
€49k▼
2024 · €54k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | €4k | €2k | - | €2k | - |
| Remuneration, social security and pensions62 | €24k | €35k | €47k | €54k | €49k | ▼ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €6k | €6k | - | - |
| Other operating charges640/8 | €1k | €2k | €2k | €1k | €2k | ▲ 42.2% |
| Gross operating margin9900 | €30k | €47k | €83k | €71k | €68k | ▼ 4.5% |
| Operating profit (loss)9901 | €291 | €5k | €28k | €10k | €18k | ▲ 72.3% |
| Financial income75/76B | €1 | €35 | €24 | €917 | €546 | ▼ 40.5% |
| Recurring financial income75 | €1 | €35 | €24 | €917 | €546 | ▼ 40.5% |
| Financial charges65/66B | €239 | €334 | €374 | €379 | €518 | ▲ 36.8% |
| Recurring financial charges65 | €239 | €334 | €374 | €379 | €518 | ▲ 36.8% |
| Profit (loss) for the period before taxes9903 | €53 | €5k | €28k | €11k | €18k | ▲ 63.9% |
| Income taxes67/77 | €-16 | - | €8k | €4k | €6k | ▲ 56.0% |
| Profit (loss) for the period9904 | €69 | €5k | €20k | €7k | €12k | ▲ 68.1% |
| Profit (loss) for the period to be appropriated9905 | €69 | €5k | €20k | €7k | €12k | ▲ 68.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144k | €148k | €172k | €178k | €70k | ▼ 60.7% |
| Fixed assets21/28 | €11k | €19k | €13k | €6k | - | - |
| Tangible fixed assets22/27 | €11k | €18k | €12k | €6k | - | - |
| Land and buildings22 | €2k | €2k | €1k | €385 | - | - |
| Plant, machinery and equipment23 | €8k | €17k | €11k | €6k | - | - |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | - | - |
| Current assets29/58 | €132k | €129k | €159k | €171k | €70k | ▼ 59.2% |
| Stocks and contracts in progress3 | €150 | €291 | €250 | €108 | - | - |
| Stocks30/36 | €150 | €291 | €250 | €108 | - | - |
| Amounts receivable within one year40/41 | - | - | €174 | - | €2k | - |
| Trade receivables40 | - | - | - | - | €1k | - |
| Other amounts receivable41 | - | - | €174 | - | €175 | - |
| Cash at bank and in hand54/58 | €132k | €128k | €158k | €169k | €68k | ▼ 59.9% |
| Deferred charges and accrued income490/1 | - | €745 | €1k | €2k | €209 | ▼ 88.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144k | €148k | €172k | €178k | €70k | ▼ 60.7% |
| Equity10/15 | €140k | €145k | €165k | €172k | €63k | ▼ 63.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €121k | €121k | €146k | €153k | €45k | ▼ 70.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €120k | €120k | €144k | €151k | €43k | ▼ 71.6% |
| Profit (loss) carried forward14 | €69 | €5k | - | - | - | - |
| Amounts payable17/49 | €4k | €3k | €7k | €6k | €6k | ▲ 9.5% |
| Amounts payable within one year42/48 | €4k | €3k | €7k | €6k | €6k | ▲ 9.5% |
| Trade debts44 | €305 | €575 | €2k | €3k | €639 | ▼ 79.4% |
| Suppliers440/4 | €305 | €575 | €2k | €3k | €639 | ▼ 79.4% |
| Taxes, remuneration and social security45 | €2k | €1k | €5k | €2k | €5k | ▲ 102% |
| Taxes450/3 | €756 | €248 | €5k | €2k | €5k | ▲ 102% |
| Remuneration and social security454/9 | €2k | €1k | - | - | - | - |
| Other amounts payable47/48 | €888 | €1k | €58 | €353 | €949 | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69 | €5k | €20k | €7k | €12k | ▲ 68.1% |
| + Depreciation and write-downs630 | €4k | €6k | €6k | €6k | - | - |
| Operating cash flow (approximation) | €4k | €10k | €26k | €13k | €12k | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | €-13k | €0 | €0 | - | - |
| Change in cash | - | €-4k | €30k | €12k | €-101k | ▼ 956% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €165k ▲14%
6 profitable years in a row build equity to €165k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €69 ▼99.4%
Net result drops to €69, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 37.04
Current ratio from 4.38 to 37.04; short-term debt falls from €37k to €4k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €72k ▲11,682%
Operating result €106k, net result €72k, both a record.
31-12
Financial
Liquidity times 7current ratio 3.53
Current ratio from 0.53 to 3.53.
Show earlier events
31-12
Financial
Equity above €100kEq €129k ▲129%
2 profitable years in a row build equity to €129k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Antwerpen · 1 establishment unit since 1985
Ground area
295 m²
Building footprint
156 m²
Volume, LiDAR
1,214 m³
Parcel 11813N0724/00E002, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CREMERIE TROPICAL
since 19852.027.178.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0724/00E002 | Flanders | 295 m² | 1 · 156 m² | 14.0 m · 3 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 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 11,220 companies in sector 82100 we hold annual accounts for 3,511. 2,568 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 (pre-2019)
Founded14-06-1985
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.