LAMAR
ActiveSummary
LAMAR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,773 and a net result of €55,354. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
short-term debt: 0.7% and cash: 0.5% of total assets, and 0.7% of the assets are financed with debt.
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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○neutral
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 →
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
99.3%
Return on assets
12.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
31 d early
2023
23 d late
2022
5 d early
2021
4 d early
2020
12 d late
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€453,773▲ 13.9%
2024 · €398,420
Total assets
€457,020▲ 13.9%
2024 · €401,145
Net result
€55,354▲ 7.3%
2024 · €51,575
Working capital
€453,937▲ 13.9%
2024 · €398,420
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result€33,936€30,980▼ 8.7%€45,045▲ 45.4%€46,205▲ 2.6%€48,421▲ 4.8%
Net result€33,688above the sector's middle half€33,159within the sector's middle half▼ 1.6%€47,034above the sector's middle half▲ 41.8%€51,575above the sector's middle half▲ 9.7%€55,354above the sector's middle half▲ 7.3%
Equity€266,652within the sector's middle half▲ 14.5%€299,811within the sector's middle half▲ 12.4%€346,845above the sector's middle half▲ 15.7%€398,420above the sector's middle half▲ 14.9%€453,773above the sector's middle half▲ 13.9%
Total assets€269,348within the sector's middle half▲ 13.1%€302,264within the sector's middle half▲ 12.2%€349,824within the sector's middle half▲ 15.7%€401,145within the sector's middle half▲ 14.7%€457,020within the sector's middle half▲ 13.9%
Debt€2,696▼ 48.4%€2,453▼ 9.0%€2,978▲ 21.4%€2,726▼ 8.5%€3,247▲ 19.1%
Working capital€265,824▲ 14.1%€299,385▲ 12.6%€347,346▲ 16.0%€398,420▲ 14.7%€453,937▲ 13.9%
Solvency99.0%above the sector's middle half▲ 1.2pp99.2%above the sector's middle half▲ 0.2pp99.1%above the sector's middle half=99.3%above the sector's middle half▲ 0.2pp99.3%above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €457,020
Equity
€453,773 ▲ 13.9%
Debt
€3,247 ▲ 19.1%
Debt's share of the balance-sheet total stays at 0.7%.
Key figures and ratios
Debt to equity
0.01▲
2024 · 0.01
ROE
12.2%▼
2024 · 12.9%
ROA
12.1%▼
2024 · 12.9%
Debt ≤ 1 year
€3,084▲
2024 · €2,726
A ratio outside any meaningful range has been withheld (balance sheet total €457,020, equity €453,773).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 20,129 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €441 | €402 | €402 | €24 | - | - |
| Other operating charges640/8 | - | €468 | €469 | €516 | €578 | ▲ 12.0% |
| Gross operating margin9900 | €34,844 | €31,849 | €45,916 | €46,745 | €48,999 | ▲ 4.8% |
| Operating profit (loss)9901 | €33,936 | €30,980 | €45,045 | €46,205 | €48,421 | ▲ 4.8% |
| Financial income75/76B | - | €2,475 | €2,050 | €5,430 | €7,000 | ▲ 28.9% |
| Recurring financial income75 | - | €2,475 | €2,050 | €5,430 | €7,000 | ▲ 28.9% |
| Financial charges65/66B | - | €296 | €61 | €60 | €67 | ▲ 11.7% |
| Recurring financial charges65 | €248 | €296 | €61 | €60 | €67 | ▲ 11.7% |
| Profit (loss) for the period before taxes9903 | €33,688 | €33,159 | €47,034 | €51,575 | €55,354 | ▲ 7.3% |
| Profit (loss) for the period9904 | €33,688 | €33,159 | €47,034 | €51,575 | €55,354 | ▲ 7.3% |
| Profit (loss) for the period to be appropriated9905 | €33,688 | €33,159 | €47,034 | €51,575 | €55,354 | ▲ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,348 | €302,264 | €349,824 | €401,145 | €457,020 | ▲ 13.9% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €828 | €426 | €24 | €0 | €0 | - |
| Tangible fixed assets22/27 | €828 | €426 | €24 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €426 | €24 | €0 | €0 | - |
| Current assets29/58 | €268,520 | €301,839 | €349,799 | €401,145 | €457,020 | ▲ 13.9% |
| Amounts receivable after more than one year29 | - | €292,000 | €336,000 | €392,500 | €445,000 | ▲ 13.4% |
| Other amounts receivable291 | - | €292,000 | €336,000 | €392,500 | €445,000 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €10,666 | €7,896 | €7,637 | €7,362 | €9,672 | ▲ 31.4% |
| Trade receivables40 | - | €7,577 | €7,212 | €6,577 | €9,577 | ▲ 45.6% |
| Other amounts receivable41 | - | €320 | €425 | €785 | €96 | ▼ 87.8% |
| Cash at bank and in hand54/58 | €1,854 | €1,942 | €2,162 | €1,283 | €2,348 | ▲ 83.0% |
| Deferred charges and accrued income490/1 | - | - | €4,000 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,348 | €302,264 | €349,824 | €401,145 | €457,020 | ▲ 13.9% |
| Equity10/15 | €266,652 | €299,811 | €346,845 | €398,420 | €453,773 | ▲ 13.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €72,305 | €72,305 | €72,305 | €72,305 | €72,305 | = |
| Non-distributable reserves130/1 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Legal reserve130 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Distributable reserves133 | - | €51,305 | €51,305 | €51,305 | €51,305 | = |
| Profit (loss) carried forward14 | €132,847 | €166,006 | €213,040 | €264,615 | €319,968 | ▲ 20.9% |
| Amounts payable17/49 | €2,696 | €2,453 | €2,978 | €2,726 | €3,247 | ▲ 19.1% |
| Amounts payable within one year42/48 | €2,696 | €2,453 | €2,453 | €2,726 | €3,084 | ▲ 13.1% |
| Trade debts44 | - | - | - | €272 | - | - |
| Suppliers440/4 | - | - | - | €272 | - | - |
| Other amounts payable47/48 | - | €2,453 | €2,453 | €2,453 | €3,084 | ▲ 25.7% |
| Accrued charges and deferred income492/3 | - | - | €525 | - | €163 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,688 | €33,159 | €47,034 | €51,575 | €55,354 | ▲ 7.3% |
| + Depreciation and write-downs630 | €441 | €402 | €402 | €24 | - | - |
| Operating cash flow (approximation) | €34,129 | €33,561 | €47,436 | €51,599 | €55,354 | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €88 | €220 | -€879 | €1,065 | ▲ 221% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €55,354 ▲7.3%
Operating result €48,421, net result €55,354, both a record.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €33,688
Net result €33,688 after one loss-making year.
31-03
Financial
Liquidity doublescurrent ratio 99.59
Current ratio from 45.60 to 99.59; short-term debt falls from €5,223 to €2,696.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
31-03
Financial
Weakest financial yearnet -€26,294
Net result drops to -€26,294, the lowest in the series; recovery starts the following year.
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Aalst · 1 establishment unit since 1996
Ground area
251 m²
Building footprint
246 m²
Volume, LiDAR
1,948 m³
Parcel 41002A2308/00A000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Geraardsbergsestraat 54, 9300 Aalst
since 19962.074.758.041
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A2308/00A000 | Flanders | 251 m² | 1 · 245 m² | 13.6 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
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THOMAS 2000
BE 0463.103.338
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OMNIFLAT
BE 0416.276.785
Izegem · Eq €455,382
Q-BIK IMMO
BE 0415.044.489
Visé · Eq €455,723
Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1995
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
47712Retail trade
47715Retail trade
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456797546
Also
9925:BE0456797546
Registered
26-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.