Skip to content

LAMA

Active
Public limited companyfounded 199036 yrs activeFrançois Roffiaenstraat 11, 1050 Elsene, BelgiumKBO/BCE: BE 0441.045.934
Summary

LAMA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138,237 and a net result of -€202. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69=
Solvency94▲+9
Growth72=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.05 in 2024; short-term debt: 31.1% and cash: 0.1% of total assets), and 31.1% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
17 d early
2023
14 d early
2022
42 d early
2021
17 d early
2020
31 d late
2019
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 June 1990, LAMA was incorporated.1 Revenue went from EUR 14,610 in 2018 to EUR 30,474 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

Go further with this company

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 2025, micro schema

Turnover
€30,474▲ 0.7%
2020 · €30,248
EBIT margin
-24.0%▼ 2.7pp
2020 · -21.2%
Net result
-€202
2024 · €369
Working capital
-€62,139▲ 29.0%
2024 · -€87,542
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
Turnover€30,474▲ 0.7%
Operating result-€7,307▼ 13.7%-€1,579▲ 78.4%-€884▲ 44.0%€423-€146
Net result-€7,345▼ 13.8%-€1,620▲ 77.9%-€936▲ 42.2%€369-€202
EBIT margin-24.0%▼ 2.7pp
Equity€140,626▼ 5.0%€139,006▼ 1.2%€138,070▼ 0.7%€138,439▲ 0.3%€138,237▼ 0.1%
Total assets€278,754▼ 7.9%€270,969▼ 2.8%€248,172▼ 8.4%€230,522▼ 7.1%€200,612▼ 13.0%
Debt€138,128▼ 10.8%€131,963▼ 4.5%€110,102▼ 16.6%€92,083▼ 16.4%€62,375▼ 32.3%
Working capital-€137,790▲ 10.8%-€131,666▲ 4.4%-€109,856▲ 16.6%-€87,542▲ 20.3%-€62,139▲ 29.0%
Result per fiscal year
Operating resultNet result
-€8,000-€6,000-€4,000-€2,000€0Operating result 2021: -€7,307-€7,307Net result 2021: -€7,345-€7,345Operating result 2022: -€1,579-€1,579Net result 2022: -€1,620-€1,620Operating result 2023: -€884-€884Net result 2023: -€936-€936Operating result 2024: €423€423Net result 2024: €369€369Operating result 2025: -€146-€146Net result 2025: -€202-€20220212022202320242025-€1,000-€500€0€500Operating result 2023: -€884-€884Net result 2023: -€936-€936Operating result 2024: €423€423Net result 2024: €369€369Operating result 2025: -€146-€146Net result 2025: -€202-€202202320242025
The operating result turns negative in 2025: a loss of €146 after €423 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,612
Fixed assets €200,376 ▼ 11.3%
Current assets €236 ▼ 94.8%
Equity and liabilities €200,612
Equity €138,237 ▼ 0.1%
Debt €62,375 ▼ 32.3%
Debt's share of the balance-sheet total falls from 39.9% to 31.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€25,459▼
2024 · €25,700
Cash flow
€25,403▼
2024 · €25,646
Current ratio
0.00▼
2024 · 0.05
Debt to equity
0.45▼
2024 · 0.67
ROE
-0.1%▼
2024 · 0.3%
ROA
-0.1%▼
2024 · 0.2%
Interest coverage
454.63▼
2024 · 475.93
Debt ≤ 1 year
€62,375▼
2024 · €92,083
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€230,522€200,612▼
Fixed assets21/28€225,981€200,376▼
Tangible fixed assets22/27€225,981€200,376▼
Land and buildings22€200,158€190,438▼
Other tangible fixed assets26€25,823€9,938▼
Current assets29/58€4,541€236▼
Amounts receivable within one year40/41€4,349-
Trade receivables40€4,349-
Cash at bank and in hand54/58€192€236▲
Equity and liabilities
Total equity and liabilities10/49€230,522€200,612▼
Equity10/15€138,439€138,237▼
Contributions10/11€168,568€168,568=
Capital10€168,568-
Issued capital100€168,568-
Reserves13€1,448€1,448=
Non-distributable reserves130/1€1,448€1,448=
Legal reserve130€1,448-
Other1319-€1,448
Profit (loss) carried forward14-€31,577-€31,779▼
Amounts payable17/49€92,083€62,375▼
Amounts payable within one year42/48€92,083€62,375▼
Other amounts payable47/48€92,083€62,375▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,277€25,605▲
Other operating charges640/8€4,275€4,410▲
Gross operating margin9900€29,975€29,869▼
Operating profit (loss)9901€423-€146▼
Financial charges65/66B€54€56▲
Recurring financial charges65€54€56▲
Profit (loss) for the period before taxes9903€369-€202▼
Profit (loss) for the period9904€369-€202▼
Profit (loss) for the period to be appropriated9905€369-€202▼
Appropriation of the result
Profit (loss) to be appropriated9906-€31,577-€31,779▼
Profit (loss) brought forward from the previous period14P-€31,946-€31,577▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€30,474-----
Goods, raw materials, services and sundry goods60/61€14,230-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,109€23,816€25,246€25,277€25,605▲ 1.3%
Other operating charges640/8€3,660€3,749€4,109€4,275€4,410▲ 3.2%
Gross operating margin9900€20,462€25,986€28,471€29,975€29,869▼ 0.4%
Operating profit (loss)9901-€7,307-€1,579-€884€423-€146▼ 135%
Financial charges65/66B€28€41€52€54€56▲ 3.7%
Recurring financial charges65€28€41€52€54€56▲ 3.7%
Profit (loss) for the period before taxes9903-€7,335-€1,620-€936€369-€202▼ 155%
Income taxes67/77€10-----
Profit (loss) for the period9904-€7,345-€1,620-€936€369-€202▼ 155%
Profit (loss) for the period to be appropriated9905-€7,345-€1,620-€936€369-€202▼ 155%
Line20212022202320242025Change
Assets
Total assets20/58€278,754€270,969€248,172€230,522€200,612▼ 13.0%
Fixed assets21/28€278,416€270,672€247,926€225,981€200,376▼ 11.3%
Tangible fixed assets22/27€278,416€270,672€247,926€225,981€200,376▼ 11.3%
Land and buildings22€211,846€219,598€209,878€200,158€190,438▼ 4.9%
Other tangible fixed assets26€66,570€51,074€38,048€25,823€9,938▼ 61.5%
Current assets29/58€338€297€246€4,541€236▼ 94.8%
Amounts receivable within one year40/41---€4,349--
Trade receivables40---€4,349--
Cash at bank and in hand54/58€338€297€246€192€236▲ 22.9%
Equity and liabilities
Total equity and liabilities10/49€278,754€270,969€248,172€230,522€200,612▼ 13.0%
Equity10/15€140,626€139,006€138,070€138,439€138,237▼ 0.1%
Contributions10/11€168,568€168,568€168,568€168,568€168,568=
Capital10€168,568€168,568€168,568€168,568--
Issued capital100€168,568€168,568€168,568€168,568--
Reserves13€1,448€1,448€1,448€1,448€1,448=
Non-distributable reserves130/1€1,448€1,448€1,448€1,448€1,448=
Legal reserve130€1,448€1,448€1,448€1,448--
Other1319----€1,448-
Profit (loss) carried forward14-€29,390-€31,010-€31,946-€31,577-€31,779▼ 0.6%
Amounts payable17/49€138,128€131,963€110,102€92,083€62,375▼ 32.3%
Amounts payable within one year42/48€138,128€131,963€110,102€92,083€62,375▼ 32.3%
Other amounts payable47/48€138,128€131,963€110,102€92,083€62,375▼ 32.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€7,345-€1,620-€936€369-€202▼ 155%
+ Depreciation and write-downs630€24,109€23,816€25,246€25,277€25,605▲ 1.3%
Operating cash flow (approximation)€16,764€22,196€24,310€25,646€25,403▼ 0.9%
Investment in fixed assets (approximation)--€16,072-€2,500-€3,332€0▲ 100%
Change in cash--€41-€51-€54€44▲ 181%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €369
Net result €369 after 6 loss-making years.
17-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
05-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
28-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · full 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Elsene · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
305 m²
Building footprint
131 m²
Volume, LiDAR
1,552 m³
Parcel 21443C0237/00W005, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
LAMA SA
François Roffiaenstraat 11, 1050 ElseneInsurance, reinsurance and pension funding, except compulsory social security
since 19902.048.818.360
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21443C0237/00W005 Brussels 305 m² 1 · 131 m² 15.3 m · 4 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded13-06-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.