LAGOON
ActiveSummary
LAGOON has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €352,237 and a net result of €10,248. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 33% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▲+3
Solvency53=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.48 in 2023; short-term debt: 68.1% and cash: 0.2% of total assets), and 72.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 22-09-2025, 53 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
not confirmed
2024
53 d late
2023
19 d late
2022
52 d late
2021
46 d late
2020
53 d late
2019
80 d late
← 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 51 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10,248
2023 · -€595
Working capital
€402,237▲ 2.6%
2023 · €391,989
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
Operating result€8,094▼ 34.4%€643▼ 92.0%€34,406▲ 5,247%-€595€10,334
Net result€6,900▼ 41.9%€265▼ 96.2%-€9,494-€595▲ 93.7%€10,248
Equity€351,812▲ 2.0%€352,077▲ 0.1%€342,584▼ 2.7%€341,989▼ 0.2%€352,237▲ 3.0%
Total assets€1.2m▲ 0.4%€1.2m▼ 0.7%€1.2m▼ 3.4%€1.2m▲ 3.4%€1.3m▲ 4.4%
Debt€867,956▼ 0.2%€859,378▼ 1.0%€827,599▼ 3.7%€867,808▲ 4.9%€910,311▲ 4.9%
Working capital€433,548▲ 1.8%€402,077▼ 7.3%€392,584▼ 2.4%€391,989▼ 0.2%€402,237▲ 2.6%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10,334 after a loss of €595 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.3m
Equity
€352,237 ▲ 3.0%
Debt
€910,311 ▲ 4.9%
Debt's share of the balance-sheet total rises from 71.7% to 72.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.47▼
2023 · 1.48
Debt to equity
2.58▲
2023 · 2.54
ROE
2.9%▲
2023 · -0.2%
ROA
0.8%▲
2023 · 0.0%
Debt ≤ 1 year
€860,311▲
2023 · €817,808
Income taxes
€86
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 4,653 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,034 | €868 | - | €1,928 | - |
| Gross operating margin9900 | €9,015 | €1,677 | €35,274 | -€595 | €12,262 | ▲ 2,162% |
| Operating profit (loss)9901 | €8,094 | €643 | €34,406 | -€595 | €10,334 | ▲ 1,837% |
| Financial income75/76B | - | - | €6,655 | - | €1 | - |
| Recurring financial income75 | - | - | €6,655 | - | €1 | - |
| Financial charges65/66B | - | €449 | €50,484 | - | - | - |
| Recurring financial charges65 | €273 | €449 | €17 | - | - | - |
| Non-recurring financial charges66B | - | - | €50,467 | - | - | - |
| Profit (loss) for the period before taxes9903 | €7,820 | €195 | -€9,423 | -€595 | €10,335 | ▲ 1,838% |
| Income taxes67/77 | €921 | -€70 | €71 | - | €86 | - |
| Profit (loss) for the period9904 | €6,900 | €265 | -€9,494 | -€595 | €10,248 | ▲ 1,823% |
| Profit (loss) for the period to be appropriated9905 | €6,900 | €265 | -€9,494 | -€595 | €10,248 | ▲ 1,823% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 4.4% |
| Current assets29/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 4.4% |
| Amounts receivable within one year40/41 | €1.2m | €1.0m | €1.2m | €1.2m | €1.3m | ▲ 4.2% |
| Trade receivables40 | - | - | €23,037 | €22,862 | €22,862 | = |
| Other amounts receivable41 | - | €1.0m | €1.1m | €1.2m | €1.2m | ▲ 4.3% |
| Cash at bank and in hand54/58 | €533 | €195,734 | €1,227 | €587 | €2,030 | ▲ 246% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 4.4% |
| Equity10/15 | €351,812 | €352,077 | €342,584 | €341,989 | €352,237 | ▲ 3.0% |
| Contributions10/11 | - | €55,776 | €55,776 | €55,776 | €55,776 | = |
| Outside capital11 | - | €55,776 | €55,776 | €55,776 | €55,776 | = |
| Other1109/19 | - | €55,776 | €55,776 | €55,776 | €55,776 | = |
| Reserves13 | €296,036 | €296,301 | €286,808 | €286,213 | €296,461 | ▲ 3.6% |
| Non-distributable reserves130/1 | - | €5,578 | €5,578 | €5,578 | - | - |
| Reserves not available under the articles1311 | - | €5,578 | €5,578 | €5,578 | - | - |
| Distributable reserves133 | - | €290,724 | €281,230 | €280,635 | €296,461 | ▲ 5.6% |
| Profit (loss) carried forward14 | €271,682 | - | - | - | - | - |
| Amounts payable17/49 | €867,956 | €859,378 | €827,599 | €867,808 | €910,311 | ▲ 4.9% |
| Amounts payable within one year42/48 | €786,220 | €809,378 | €777,599 | €817,808 | €860,311 | ▲ 5.2% |
| Trade debts44 | €783,758 | €806,463 | €777,522 | €808,776 | €815,351 | ▲ 0.8% |
| Suppliers440/4 | - | €806,463 | €777,522 | €808,776 | €815,351 | ▲ 0.8% |
| Advances received on contracts in progress46 | - | - | - | €9,032 | - | - |
| Taxes, remuneration and social security45 | - | €2,915 | €77 | - | €86 | - |
| Taxes450/3 | - | €2,915 | €77 | - | €86 | - |
| Other amounts payable47/48 | - | - | - | - | €44,874 | - |
| Accrued charges and deferred income492/3 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,900 | €265 | -€9,494 | -€595 | €10,248 | ▲ 1,823% |
| Operating cash flow (approximation) | €6,900 | €265 | -€9,494 | -€595 | €10,248 | ▲ 1,823% |
| Change in cash | - | €195,201 | -€194,507 | -€640 | €1,443 | ▲ 325% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 53 days late
2024
31-12
Financial
Back to profitnet €10,248
Net result €10,248 after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 52 days late
2022
31-12
Financial
Weakest financial yearnet -€9,494
Net result drops to -€9,494, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 46 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 53 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
31-12
Financial
Back to profitnet €11,877
Net result €11,877 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 56 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 49 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Waterloo · 1 establishment unit since 1998
Ground area
533 m²
Building footprint
106 m²
Volume, LiDAR
963 m³
Parcel 25764Q0025/00F000, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Chaussée de Bruxelles 716, 1410 Waterloo
since 19982.020.703.307
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0025/00F000 | Wallonia | 533 m² | 1 · 106 m² | 10.5 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.
Similar companies · same sector, comparable size
KMO FOCUS
BE 0458.490.195
Schoten · Eq €352,199
LAPAUW SABINE
BE 0440.986.744
Torhout · Eq €357,348
GTL TRANSPORT
BE 0446.693.809
Dendermonde · Eq €357,534
ITAS
BE 0446.340.748
Puurs-Sint-Amands · Eq €346,307
Titanium
BE 0895.688.397
Lubbeek · Eq €360,313
Of 1,277 companies in sector 46160 we hold annual accounts for 687. 447 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
Founded01-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46496Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422752823
Also
9925:BE0422752823
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.