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LAMADU

Active
Private limited companyfounded 20215 yrs activeKortemarkstraat(Icht) 95, 8480 Ichtegem, BelgiumKBO/BCE: BE 0765.804.013
Summary

LAMADU has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€34,071) and a net result of -€34,985. Equity is shrinking by ~86.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability28▲+4
Solvency21▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 18.07 against 15.18 in 2023; short-term debt: 5.5% and cash: 7.6% of total assets), but equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2024
Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
-3.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€34,071
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
27 d early
2023
99 d early
2022
41 d early
2021
27 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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 29 March 2021, LAMADU was incorporated as a Private limited company.1 Total assets went from EUR 259,661 in 2021 to EUR 916,801 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€34,071
2023 · €915
Total assets
€916,801▲ 26.8%
2023 · €723,202
Net result
-€34,985▲ 10.1%
2023 · -€38,916
Working capital
€866,056▲ 28.2%
2023 · €675,568
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
Line2021202220232024
Operating result-€1,909--€10,233▼ 436%-€29,186▼ 185%-€26,624▲ 8.8%
Net result-€2,370--€12,800▼ 440%-€38,916▼ 204%-€34,985▲ 10.1%
Equity€52,630-€39,831▼ 24.3%€915▼ 97.7%-€34,071
Total assets€259,661-€240,033▼ 7.6%€723,202▲ 201%€916,801▲ 26.8%
Debt€207,031-€200,202▼ 3.3%€722,287▲ 261%€950,871▲ 31.6%
Working capital€217,630-€213,831▼ 1.7%€675,568▲ 216%€866,056▲ 28.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2021: -€1,909-€1,909Net result 2021: -€2,370-€2,370Operating result 2022: -€10,233-€10,233Net result 2022: -€12,800-€12,800Operating result 2023: -€29,186-€29,186Net result 2023: -€38,916-€38,916Operating result 2024: -€26,624-€26,624Net result 2024: -€34,985-€34,9852021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€10,233-€10,200Net result 2022: -€12,800-€12,800Operating result 2023: -€29,186-€29,200Net result 2023: -€38,916-€38,900Operating result 2024: -€26,624-€26,600Net result 2024: -€34,985-€35,000202220232024
The operating result stays negative: a loss of €26,624 in 2024 against €29,186 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Solvency
-3.7%▼
2023 · 0.1%
Current ratio
18.07▲
2023 · 15.18
Quick ratio
1.46▼
2023 · 11.09
Debt to equity
-27.91
ROA
-3.8%▲
2023 · -5.4%
Debt ≤ 1 year
€50,745▲
2023 · €47,634
Debt > 1 year
€900,000▲
2023 · €674,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,170 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.5% stopped otherwise
95% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% 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%.

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% 1.6%
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 1,170 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 · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€723,202€916,801▲
Current assets29/58€723,202€916,801▲
Stocks and contracts in progress3€195,000€842,633▲
Stocks30/36€195,000€842,633▲
Amounts receivable within one year40/41€430,278€2,063▼
Trade receivables40€430,278€2,063▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€97,924€70,044▼
Deferred charges and accrued income490/1-€2,060
Equity and liabilities
Total equity and liabilities10/49€723,202€916,801▲
Equity10/15€915-€34,071▼
Contributions10/11€55,000€55,000=
Profit (loss) carried forward14-€54,085-€89,071▼
Amounts payable17/49€722,287€950,871▲
Amounts payable after more than one year17€674,000€900,000▲
Financial debts170/4€174,000€0▼
Other amounts payable178/9€500,000€900,000▲
Amounts payable within one year42/48€47,634€50,745▲
Trade debts44€2,577€1,217▼
Suppliers440/4€2,577€1,217▼
Taxes, remuneration and social security45€121€0▼
Taxes450/3€121€0▼
Other amounts payable47/48€44,936€49,528▲
Accrued charges and deferred income492/3€653€126▼
Income statement Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25,225-€25,225▼
Other operating charges640/8€979€1,972▲
Gross operating margin9900-€2,981-€49,877▼
Operating profit (loss)9901-€29,186-€26,624▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€9,731€8,361▼
Recurring financial charges65€9,731€8,361▼
Profit (loss) for the period before taxes9903-€38,916-€34,985▲
Profit (loss) for the period9904-€38,916-€34,985▲
Profit (loss) for the period to be appropriated9905-€38,916-€34,985▲
Appropriation of the result
Profit (loss) to be appropriated9906-€54,085-€89,071▼
Profit (loss) brought forward from the previous period14P-€15,169-€54,085▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€25,225-€25,225▼ 200%
Other operating charges640/8€19,306€897€979€1,972▲ 101%
Gross operating margin9900€17,397-€9,336-€2,981-€49,877▼ 1,573%
Operating profit (loss)9901-€1,909-€10,233-€29,186-€26,624▲ 8.8%
Financial income75/76B€0€0€1€0▼ 100%
Recurring financial income75€0€0€1€0▼ 100%
Financial charges65/66B€461€2,566€9,731€8,361▼ 14.1%
Recurring financial charges65€461€2,566€9,731€8,361▼ 14.1%
Profit (loss) for the period before taxes9903-€2,370-€12,800-€38,916-€34,985▲ 10.1%
Profit (loss) for the period9904-€2,370-€12,800-€38,916-€34,985▲ 10.1%
Profit (loss) for the period to be appropriated9905-€2,370-€12,800-€38,916-€34,985▲ 10.1%
Line2021202220232024Change
Assets
Total assets20/58€259,661€240,033€723,202€916,801▲ 26.8%
Current assets29/58€259,661€240,033€723,202€916,801▲ 26.8%
Stocks and contracts in progress3€204,832€214,608€195,000€842,633▲ 332%
Stocks30/36€204,832€214,608€195,000€842,633▲ 332%
Amounts receivable within one year40/41€1,776€4,582€430,278€2,063▼ 99.5%
Trade receivables40€70€0€430,278€2,063▼ 99.5%
Other amounts receivable41€1,706€4,582€0--
Cash at bank and in hand54/58€53,054€20,843€97,924€70,044▼ 28.5%
Deferred charges and accrued income490/1---€2,060-
Equity and liabilities
Total equity and liabilities10/49€259,661€240,033€723,202€916,801▲ 26.8%
Equity10/15€52,630€39,831€915-€34,071▼ 3,824%
Contributions10/11€55,000€55,000€55,000€55,000=
Profit (loss) carried forward14-€2,370-€15,169-€54,085-€89,071▼ 64.7%
Amounts payable17/49€207,031€200,202€722,287€950,871▲ 31.6%
Amounts payable after more than one year17€165,000€174,000€674,000€900,000▲ 33.5%
Financial debts170/4€165,000€174,000€174,000€0▼ 100%
Other amounts payable178/9--€500,000€900,000▲ 80.0%
Amounts payable within one year42/48€42,031€26,202€47,634€50,745▲ 6.5%
Trade debts44€1,487€6,202€2,577€1,217▼ 52.8%
Suppliers440/4€1,487€6,202€2,577€1,217▼ 52.8%
Taxes, remuneration and social security45--€121€0▼ 100%
Taxes450/3--€121€0▼ 100%
Other amounts payable47/48€40,544€20,000€44,936€49,528▲ 10.2%
Accrued charges and deferred income492/3--€653€126▼ 80.7%
Line2021202220232024Change
Profit (loss) for the period9904-€2,370-€12,800-€38,916-€34,985▲ 10.1%
Operating cash flow (approximation)-€2,370-€12,800-€38,916-€34,985▲ 10.1%
Change in cash--€32,211€77,081-€27,880▼ 136%

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

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Timeline · acts, filings and financial milestones

2025
04-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€38,916
Net result drops to -€38,916, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Ichtegem · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
2.9 ha
Building footprint
909 m²
Volume, LiDAR
4,906 m³
Parcel 35006C0217/00E000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LAMADU
Kortemarkstraat(Icht) 95, 8480 IchtegemGeneral construction of buildings
since 20212.334.626.484
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35006C0217/00E000 Flanders 2.9 ha 1 · 909 m² 9.6 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.

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 338 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
Founded29-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
41001General construction of residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765804013
Also 9925:BE0765804013
Registered 20-03-2025

Register as of 27 September 2026 · Peppol Directory

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