LAGO
ActiveLAGO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 27% of 3614 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency18▲+4
Growth32=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.01 in 2024), and 92.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
7.6%
Return on assets
2.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
31 d late
2022
4 d late
2021
23 d early
2020
9 d late
2019
38 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€14k▲ 39.9%
2024 · €10k
2018: €88k
2019: €88k
2020: €89k
2021: €90k
2022: €90k
2023: €90k
2024: €10k
2018 → 2025
Total assets
€189k▼ 25.7%
2024 · €255k
2018: €293k
2019: €301k
2020: €276k
2021: €417k
2022: €481k
2023: €407k
2024: €255k
2018 → 2025
Net result
€4k
2024 · €-80k
2018: €44k
2019: €105k
2020: €103k
2021: €209k
2022: €300k
2023: €225k
2024: €-80k
2018 → 2025
Working capital
€14k▲ 475%
2024 · €2k
2018: €55k
2019: €58k
2020: €4k
2021: €33k
2022: €55k
2023: €72k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€90k-€90k▲ 0.5%€90k=€10k▼ 88.7%€14k▲ 39.9%
Operating result€283k-€410k▲ 44.9%€292k▼ 28.9%€-69k€9k
Net result€209k-€300k▲ 43.6%€225k▼ 25.0%€-80k€4k
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 returns to profit in 2025: €9k after a loss of €69k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€669▼ 91.5%
Current assets
€189k▼ 23.6%
Equity and liabilities €189k
Equity
€14k▲ 39.9%
Debt
€175k▼ 28.4%
The debt ratio falls from 96.0% to 92.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€15k▲
2024 · €-58k
Cash flow
€11k▲
2024 · €-69k
Solvency
7.6%▲
2024 · 4.0%
Current ratio
1.08▲
2024 · 1.01
Quick ratio
1.08▲
2024 · 1.00
Debt / equity
12.22▼
2024 · 23.90
ROE
28.5%▲
2024 · -782.2%
ROA
2.2%▲
2024 · -31.4%
Interest coverage
3.39▲
2024 · -252.30
Debt
€175k▼
2024 · €245k
Debt ≤ 1 year
€175k▼
2024 · €245k
Income taxes
€198▼
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€255k€189k▼
Fixed assets21/28€8k€669▼
Tangible fixed assets22/27€8k€595▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€2k€595▼
Other tangible fixed assets26€4k-
Financial fixed assets28€74€74=
Current assets29/58€247k€189k▼
Stocks and contracts in progress3€1k-
Stocks30/36€1k-
Amounts receivable within one year40/41€105k€65k▼
Other amounts receivable41€105k€65k▼
Cash at bank and in hand54/58€139k€122k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€255k€189k▼
Equity10/15€10k€14k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€28k€28k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€-80k€-76k▲
Amounts payable17/49€245k€175k▼
Amounts payable within one year42/48€245k€175k▼
Trade debts44€887€483▼
Suppliers440/4€887€483▼
Taxes, remuneration and social security45€68k-
Taxes450/3€68k-
Other amounts payable47/48€176k€175k▼
Income statement
Code20242025
Non-recurring operating income76A€3k€557▼
Remuneration, social security and pensions62€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€6k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€5k€719▼
Gross operating margin9900€-46k€17k▲
Operating profit (loss)9901€-69k€9k▲
Financial charges65/66B€231€4k▲
Recurring financial charges65€231€4k▲
Profit (loss) for the period before taxes9903€-70k€4k▲
Income taxes67/77€11k€198▼
Profit (loss) for the period9904€-80k€4k▲
Profit (loss) for the period to be appropriated9905€-80k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-80k€-76k▲
Profit (loss) brought forward from the previous period14P-€-80k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-80k ▼136%
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Highest result since 2018net €300k ▲43.6%
Operating result €410k, net result €300k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 1996
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.
Rue d'Amay 104000 LiègeGround area
285 m²
Building footprint
136 m²
Volume, LiDAR
1,553 m³
Parcel 62803A1226/00M000, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
I GIARDINI
since 19962.074.988.069
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1226/00M000 ProtectedMonument |
Wallonia | 285 m² | 1 · 136 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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MANDEP
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ULFAT
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ABU IMRAN
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 7,947 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-07-1995
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.