LAMA
ActiveSummary
The computed 12-month bankruptcy probability of LAMA is 2.5% (moderate). The 2025 annual accounts show negative equity (-€40,703) and a net result of €11,515. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 7586 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-14
Solvency8▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.58 in 2024; short-term debt: 81.5% and cash: 4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-17.2%
Return on assets
4.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7586 sector peers (2025).
NBB · sector comparisonPosition among 7586 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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 · 3 filingsDeviation from the deadline
2025
32 d late
2024
42 d late
2023
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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. Usually files around 1 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check 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 What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
-€40,703▲ 22.1%
2024 · -€52,219
Total assets
€236,332▼ 5.2%
2024 · €249,400
Net result
€11,515▼ 72.2%
2024 · €41,483
Working capital
-€44,605▲ 55.2%
2024 · -€99,585
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€146,251-€56,477€16,451▼ 70.9%
Net result-€153,702below the sector's middle half-€41,483above the sector's middle half€11,515within the sector's middle half▼ 72.2%
Equity-€93,702below the sector's middle half--€52,219below the sector's middle half▲ 44.3%-€40,703below the sector's middle half▲ 22.1%
Total assets€322,080above the sector's middle half-€249,400within the sector's middle half▼ 22.6%€236,332within the sector's middle half▼ 5.2%
Debt€415,782-€301,619▼ 27.5%€277,036▼ 8.2%
Working capital-€161,072below the sector's middle half--€99,585below the sector's middle half▲ 38.2%-€44,605below the sector's middle half▲ 55.2%
Solvency-29.1%below the sector's middle half--20.9%below the sector's middle half▲ 8.2pp-17.2%below the sector's middle half▲ 3.7pp
Current ratio0.51below the sector's middle half-0.58below the sector's middle half▲ 0.070.77below the sector's middle half▲ 0.19
Return on assets (ROA)-47.7%below the sector's middle half-16.6%within the sector's middle half▲ 64.4pp4.9%within the sector's middle half▼ 11.8pp
Staff (FTE)3.3-3.1▼ 6.1%2.8▼ 9.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236,332
Fixed assets
€88,229 ▼ 22.9%
Current assets
€148,103 ▲ 9.7%
Key figures and ratios
EBITDA
€42,611▼
2024 · €90,931
Cash flow
€37,675▼
2024 · €75,937
Quick ratio
0.35▲
2024 · 0.21
Debt to equity
-6.81▼
2024 · -5.78
Interest coverage
8.61▲
2024 · 5.94
Debt ≤ 1 year
€192,708▼
2024 · €234,565
Debt > 1 year
€75,658▲
2024 · €44,964
Income taxes
€0▼
2024 · €0
Staff costs
€116,778▼
2024 · €145,308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 3.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
3.7%
went bankrupt
2.3%
stopped otherwise
92%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,662 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% | 1.7% |
| 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 516 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €18 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €199,123 | €145,308 | €116,778 | ▼ 19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,661 | €34,454 | €26,160 | ▼ 24.1% |
| Other operating charges640/8 | €4,785 | €5,992 | €3,961 | ▼ 33.9% |
| Non-recurring operating charges66A | €15,086 | - | - | - |
| Gross operating margin9900 | €103,404 | €242,232 | €163,350 | ▼ 32.6% |
| Operating profit (loss)9901 | -€146,251 | €56,477 | €16,451 | ▼ 70.9% |
| Financial income75/76B | €2,631 | €319 | €14 | ▼ 95.7% |
| Recurring financial income75 | €2,631 | €319 | €14 | ▼ 95.7% |
| Financial charges65/66B | €9,660 | €15,313 | €4,950 | ▼ 67.7% |
| Recurring financial charges65 | €9,660 | €15,313 | €4,950 | ▼ 67.7% |
| Profit (loss) for the period before taxes9903 | -€153,280 | €41,483 | €11,515 | ▼ 72.2% |
| Income taxes67/77 | €422 | €0 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€153,702 | €41,483 | €11,515 | ▼ 72.2% |
| Profit (loss) for the period to be appropriated9905 | -€153,702 | €41,483 | €11,515 | ▼ 72.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €322,080 | €249,400 | €236,332 | ▼ 5.2% |
| Fixed assets21/28 | €154,239 | €114,419 | €88,229 | ▼ 22.9% |
| Intangible fixed assets21 | €4,925 | €3,755 | €2,585 | ▼ 31.2% |
| Tangible fixed assets22/27 | €144,933 | €106,284 | €81,294 | ▼ 23.5% |
| Plant, machinery and equipment23 | €68,965 | €52,378 | €44,084 | ▼ 15.8% |
| Furniture and vehicles24 | €5,366 | - | - | - |
| Leasing and similar rights25 | €70,603 | €53,906 | €37,209 | ▼ 31.0% |
| Financial fixed assets28 | €4,380 | €4,380 | €4,350 | ▼ 0.7% |
| Current assets29/58 | €167,842 | €134,981 | €148,103 | ▲ 9.7% |
| Stocks and contracts in progress3 | €95,990 | €85,975 | €80,825 | ▼ 6.0% |
| Stocks30/36 | €95,990 | €85,975 | €80,825 | ▼ 6.0% |
| Amounts receivable within one year40/41 | €52,185 | €33,496 | €51,092 | ▲ 52.5% |
| Trade receivables40 | €50,535 | €26,348 | €44,829 | ▲ 70.1% |
| Other amounts receivable41 | €1,650 | €7,148 | €6,263 | ▼ 12.4% |
| Cash at bank and in hand54/58 | €6,313 | €8,663 | €9,340 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | €13,353 | €6,846 | €6,846 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €322,080 | €249,400 | €236,332 | ▼ 5.2% |
| Equity10/15 | -€93,702 | -€52,219 | -€40,703 | ▲ 22.1% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€153,702 | -€112,219 | -€100,703 | ▲ 10.3% |
| Amounts payable17/49 | €415,782 | €301,619 | €277,036 | ▼ 8.2% |
| Amounts payable after more than one year17 | €69,113 | €44,964 | €75,658 | ▲ 68.3% |
| Financial debts170/4 | €69,113 | €44,964 | €75,658 | ▲ 68.3% |
| Amounts payable within one year42/48 | €328,913 | €234,565 | €192,708 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | €22,760 | €24,149 | €18,893 | ▼ 21.8% |
| Financial debts43 | €50,000 | €50,000 | €0 | ▼ 100% |
| Credit institutions430/8 | €50,000 | €50,000 | €0 | ▼ 100% |
| Trade debts44 | €167,582 | €34,289 | €36,252 | ▲ 5.7% |
| Suppliers440/4 | €167,582 | €34,289 | €36,252 | ▲ 5.7% |
| Taxes, remuneration and social security45 | €11,663 | €353 | €19,974 | ▲ 5,565% |
| Taxes450/3 | €1,968 | €141 | €6,161 | ▲ 4,280% |
| Remuneration and social security454/9 | €9,694 | €212 | €13,812 | ▲ 6,419% |
| Other amounts payable47/48 | €76,908 | €125,775 | €117,590 | ▼ 6.5% |
| Accrued charges and deferred income492/3 | €17,756 | €22,089 | €8,669 | ▼ 60.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€153,702 | €41,483 | €11,515 | ▼ 72.2% |
| + Depreciation and write-downs630 | €30,661 | €34,454 | €26,160 | ▼ 24.1% |
| Operating cash flow (approximation) | -€123,041 | €75,937 | €37,675 | ▼ 50.4% |
| Investment in fixed assets (approximation) | - | €5,366 | €30 | ▼ 99.4% |
| Change in cash | - | €2,349 | €677 | ▼ 71.2% |
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
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Back to profitnet €41,483
Net result €41,483 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
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 2022
Ground area
604 m²
Building footprint
108 m²
Volume, LiDAR
770 m³
Parcel 11364F0141/00A002, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LAMA
since 20222.328.010.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11364F0141/00A002 | Flanders | 604 m² | 1 · 108 m² | 12.8 m · 2 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
2024 to 2025 · 3 entries · 2,047 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,047 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalBinnenschrijnwerk en interieur duaal (so)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781959758
Also
9925:BE0781959758
Registered
14-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.