LAM
ActiveSummary
LAM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €609k and a net result of €7k. Equity is growing by ~13.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 6.66 against 5.5 in 2024; short-term debt: 2.6% and cash: 5.9% of total assets), and 2.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
97.4%
Return on assets
1.2%
Age of the figures
9 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
29 d late
2023
30 d late
2022
34 d early
2021
31 d late
2020
31 d late
2019
28 d late
← 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, abbreviated schema
Turnover
€1.21M▲ 292%
2020 · €308k
2018: €290klowest in 4 years
2019: €300k▲ +3.3% vs 2018
2020: €308k▲ +2.7% vs 2019
2021: €1.21M▲ +292% vs 2020highest in 4 years
2018 → 2021
EBIT margin
74.0%▲ 71.1pp
2020 · 2.9%
2018: -2.6%lowest in 4 years
2019: 3.6%▲ +237% vs 2018
2020: 2.9%▼ -17.4% vs 2019
2021: 74.0%▲ +2421% vs 2020highest in 4 years
2018 → 2021
Net result
€7k▲ 55.4%
2024 · €5k
2018: €-8k
2019: €10k▲ +229% vs 2018
2020: €4k▼ -59.6% vs 2019
2021: €668k▲ +16783% vs 2020highest in 8 years
2022: €-101k▼ -115% vs 2021lowest in 8 years
2023: €-4k▲ +96.4% vs 2022
2024: €5k▲ +229% vs 2023
2025: €7k▲ +55.4% vs 2024
2018 → 2025
Working capital
€94k▲ 22.5%
2024 · €76k
2018: €41k
2019: €14k▼ -65.8% vs 2018lowest in 8 years
2020: €43k▲ +203% vs 2019
2021: €722k▲ +1595% vs 2020highest in 8 years
2022: €81k▼ -88.8% vs 2021
2023: €62k▼ -23.8% vs 2022
2024: €76k▲ +23.6% vs 2023
2025: €94k▲ +22.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.21M-
Equity€741k-€630k▼ 14.9%€617k▼ 2.1%€612k▼ 0.9%€609k▼ 0.4%
2021: €741khighest in 5 years
2022: €630k▼ -14.9% vs 2021
2023: €617k▼ -2.1% vs 2022
2024: €612k▼ -0.9% vs 2023
2025: €609k▼ -0.4% vs 2024lowest in 5 years
Operating result€894k-€-98k€-4k▲ 95.7%€4k€6k▲ 39.3%
2021: €894khighest in 5 years
2022: €-98k▼ -111% vs 2021lowest in 5 years
2023: €-4k▲ +95.7% vs 2022
2024: €4k▲ +204% vs 2023
2025: €6k▲ +39.3% vs 2024
Net result€668k-€-101k€-4k▲ 96.4%€5k€7k▲ 55.4%
2021: €668khighest in 5 years
2022: €-101k▼ -115% vs 2021lowest in 5 years
2023: €-4k▲ +96.4% vs 2022
2024: €5k▲ +229% vs 2023
2025: €7k▲ +55.4% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €625k
Fixed assets
€515k ▼ 3.7%
Current assets
€110k ▲ 17.9%
Equity and liabilities €625k
Equity
€609k ▼ 0.4%
Debt
€17k ▼ 2.6%
Debt's share of the balance-sheet total falls from 2.7% to 2.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26k▲
2024 · €24k
Cash flow
€27k▲
2024 · €25k
Current ratio
6.66▲
2024 · 5.50
Debt to equity
0.03▼
2024 · 0.03
ROE
1.2%▲
2024 · 0.8%
ROA
1.2%▲
2024 · 0.7%
Interest coverage
144.36▲
2024 · 134.87
Debt ≤ 1 year
€17k▼
2024 · €17k
Income taxes
€535▲
2024 · €180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€628k€625k▼
Fixed assets21/28€535k€515k▼
Tangible fixed assets22/27€535k€515k▼
Land and buildings22€535k€515k▼
Current assets29/58€93k€110k▲
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€3k€3k▼
Current investments50/53€50k€70k▲
Cash at bank and in hand54/58€40k€37k▼
Equity and liabilities
Total equity and liabilities10/49€628k€625k▼
Equity10/15€612k€609k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10k€10k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€539k€536k▼
Amounts payable17/49€17k€17k▼
Amounts payable within one year42/48€17k€17k▼
Trade debts44€207-
Suppliers440/4€207-
Other amounts payable47/48€17k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€26k€28k▲
Operating profit (loss)9901€4k€6k▲
Financial income75/76B€600€2k▲
Recurring financial income75€600€2k▲
Financial charges65/66B€180€180=
Recurring financial charges65€180€180=
Profit (loss) for the period before taxes9903€5k€8k▲
Income taxes67/77€180€535▲
Profit (loss) for the period9904€5k€7k▲
Profit (loss) for the period to be appropriated9905€5k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€549k€546k▼
Profit (loss) brought forward from the previous period14P€544k€539k▼
Profit to be distributed694/7€10k€10k=
Return on contributions (dividend)694€10k€10k=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.21M | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €251k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €56k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €28k | €26k | €20k | €20k | ▼ 0.2% |
| Other operating charges640/8 | €779 | €2k | €2k | €2k | €2k | ▲ 2.9% |
| Gross operating margin9900 | €964k | €-69k | €24k | €26k | €28k | ▲ 6.7% |
| Operating profit (loss)9901 | €894k | €-98k | €-4k | €4k | €6k | ▲ 39.3% |
| Financial income75/76B | - | - | €1k | €600 | €2k | ▲ 200% |
| Recurring financial income75 | - | - | €1k | €600 | €2k | ▲ 200% |
| Financial charges65/66B | €165 | €211 | €140 | €180 | €180 | = |
| Recurring financial charges65 | €165 | €211 | €140 | €180 | €180 | = |
| Profit (loss) for the period before taxes9903 | €894k | €-98k | €-3k | €5k | €8k | ▲ 60.7% |
| Income taxes67/77 | €226k | €2k | €323 | €180 | €535 | ▲ 197% |
| Profit (loss) for the period9904 | €668k | €-101k | €-4k | €5k | €7k | ▲ 55.4% |
| Profit (loss) for the period to be appropriated9905 | €668k | €-101k | €-4k | €5k | €7k | ▲ 55.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €757k | €669k | €633k | €628k | €625k | ▼ 0.5% |
| Fixed assets21/28 | €19k | €549k | €555k | €535k | €515k | ▼ 3.7% |
| Tangible fixed assets22/27 | €19k | €549k | €555k | €535k | €515k | ▼ 3.7% |
| Land and buildings22 | €1k | €542k | €555k | €535k | €515k | ▼ 3.7% |
| Plant, machinery and equipment23 | €826 | €430 | €33 | - | - | - |
| Furniture and vehicles24 | €17k | €6k | - | - | - | - |
| Current assets29/58 | €737k | €119k | €78k | €93k | €110k | ▲ 17.9% |
| Amounts receivable within one year40/41 | €177k | €106k | €5k | €3k | €3k | ▼ 4.5% |
| Trade receivables40 | €73k | €2k | €5k | €3k | €3k | ▼ 4.5% |
| Other amounts receivable41 | €104k | €104k | - | - | - | - |
| Current investments50/53 | - | - | - | €50k | €70k | ▲ 40.0% |
| Cash at bank and in hand54/58 | €560k | €13k | €74k | €40k | €37k | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €757k | €669k | €633k | €628k | €625k | ▼ 0.5% |
| Equity10/15 | €741k | €630k | €617k | €612k | €609k | ▼ 0.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | €4k | €4k | €4k | = |
| Tax-exempt reserves132 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €669k | €558k | €544k | €539k | €536k | ▼ 0.5% |
| Amounts payable17/49 | €16k | €38k | €17k | €17k | €17k | ▼ 2.6% |
| Amounts payable within one year42/48 | €16k | €38k | €17k | €17k | €17k | ▼ 2.6% |
| Trade debts44 | €6k | €104 | €363 | €207 | - | - |
| Suppliers440/4 | €6k | €104 | €363 | €207 | - | - |
| Taxes, remuneration and social security45 | €9k | - | - | - | - | - |
| Remuneration and social security454/9 | €9k | - | - | - | - | - |
| Other amounts payable47/48 | - | €38k | €16k | €17k | €17k | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €668k | €-101k | €-4k | €5k | €7k | ▲ 55.4% |
| + Depreciation and write-downs630 | €12k | €28k | €26k | €20k | €20k | ▼ 0.2% |
| Operating cash flow (approximation) | €680k | €-73k | €22k | €25k | €27k | ▲ 10.4% |
| Investment in fixed assets (approximation) | - | €-558k | €-32k | €0 | €0 | - |
| Change in cash | - | €-547k | €60k | €-33k | €-3k | ▲ 90.5% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-101k
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €668k ▲16,783%
Operating result €894k, net result €668k, both a record.
31-12
Financial
Liquidity times 8current ratio 47.03
Current ratio from 6.05 to 47.03.
31-12
Financial
Equity above €500kEq €741k ▲920%
3 profitable years in a row build equity to €741k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Grimbergen · 1 establishment unit since 1989
Ground area
591 m²
Building footprint
227 m²
Volume, LiDAR
1,521 m³
Parcel 23084A0217/00Y006, Flanders · tallest building 13.1 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Tramstraat 24, 1853 Grimbergen
since 19892.042.785.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0217/00Y006 | Flanders | 591 m² | 1 · 227 m² | 13.1 m · 1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded16-01-1989
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.