LAMARIS GROUP

Active

Private limited companyfounded 200917 yrs activeBois de Fa 3, 1390 Grez-Doiceau, BelgiumKBO/BCE: BE 0809.514.785

LAMARIS GROUP has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.94M and a net result of €-253k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 6593 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

35 / 100

Weak▼ -49 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-34

Solvency72▼-10

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days only on tighter terms

Liquidity tight (current ratio 1.06 against 1.19 in 2023), and 52.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

47.6%

Return on assets

-3.1%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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 filings

Deviation from the deadline

2025

not confirmed

2024

49 d late

2023

13 d early

2022

14 d early

2021

26 d late

2020

19 d early

2019

35 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-253k

2023 · €288k

2018: €-181k 2019: €111k 2020: €236k 2021: €263k 2022: €136k 2023: €288k

2018 → 2024

Working capital

€54k▼ 36.3%

2023 · €84k

2018: €-75k 2019: €-46k 2020: €-12k 2021: €-175k 2022: €-108k 2023: €84k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€3.51M-€3.77M▲ 7.5%€3.91M▲ 3.6%€4.20M▲ 7.4%€3.94M▼ 6.0%

Operating result€343k-€408k▲ 18.8%€241k▼ 40.8%€443k▲ 83.6%€-192k

Net result€236k-€263k▲ 11.8%€136k▼ 48.4%€288k▲ 112%€-253k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €192k after €443k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €8.28M

88.2%

12%

Fixed assets €7.31M▲ 36.7%

Current assets €974k▲ 81.3%

Equity and liabilities €8.28M

47.6%

52.4%

Equity €3.94M▼ 6.0%

Debt €4.34M▲ 157%

The debt ratio rises from 28.6% to 52.4%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-14k▼

2023 · €612k

Cash flow

€-76k▼

2023 · €457k

Solvency

47.6%▼

2023 · 71.4%

Current ratio

1.06▼

2023 · 1.19

Quick ratio

0.84▲

2023 · 0.75

Debt / equity

1.10▲

2023 · 0.40

ROE

-6.4%▼

2023 · 6.9%

ROA

-3.1%▼

2023 · 4.9%

Interest coverage

-0.23▼

2023 · 11.08

Debt

€4.34M▲

2023 · €1.68M

Debt ≤ 1 year

€920k▲

2023 · €453k

Debt > 1 year

€3.41M▲

2023 · €1.23M

Income taxes

€-945▼

2023 · €100k

Staff costs

€42k▲

2023 · €36k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€5.88M€8.28M▲

Fixed assets21/28€5.34M€7.31M▲

Tangible fixed assets22/27€3.77M€3.63M▼

Land and buildings22€3.68M€3.55M▼

Plant, machinery and equipment23€34k€33k▼

Furniture and vehicles24€52k€51k▼

Other tangible fixed assets26€4k€2k▼

Financial fixed assets28€1.57M€3.67M▲

Current assets29/58€537k€974k▲

Stocks and contracts in progress3€199k€200k▲

Stocks30/36€199k€200k▲

Amounts receivable within one year40/41€280k€765k▲

Trade receivables40€59k€33k▼

Other amounts receivable41€220k€732k▲

Cash at bank and in hand54/58€50k€3k▼

Deferred charges and accrued income490/1€9k€6k▼

Equity and liabilities

Total equity and liabilities10/49€5.88M€8.28M▲

Equity10/15€4.20M€3.94M▼

Contributions10/11€1.71M€1.71M=

Reserves13€2.49M€2.23M▼

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Tax-exempt reserves132€16k€16k=

Distributable reserves133€2.47M€2.22M▼

Profit (loss) carried forward14€0-

Amounts payable17/49€1.68M€4.34M▲

Amounts payable after more than one year17€1.23M€3.41M▲

Financial debts170/4€1.23M€1.70M▲

Other amounts payable178/9-€1.71M

Amounts payable within one year42/48€453k€920k▲

Current portion of amounts payable after more than one year42€202k€308k▲

Financial debts43€150k€253k▲

Credit institutions430/8€150k€253k▲

Trade debts44€22k€57k▲

Suppliers440/4€22k€57k▲

Taxes, remuneration and social security45€79k€87k▲

Taxes450/3€74k€81k▲

Remuneration and social security454/9€5k€6k▲

Other amounts payable47/48-€214k

Accrued charges and deferred income492/3€5k€4k▼

Income statement Code20232024

Non-recurring operating income76A€8k€0▼

Remuneration, social security and pensions62€36k€42k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169k€177k▲

Other operating charges640/8€23k€27k▲

Non-recurring operating charges66A€4k€0▼

Gross operating margin9900€675k€54k▼

Operating profit (loss)9901€443k€-192k▼

Financial income75/76B€426€120▼

Recurring financial income75€426€120▼

Financial charges65/66B€55k€62k▲

Recurring financial charges65€55k€62k▲

Profit (loss) for the period before taxes9903€388k€-254k▼

Income taxes67/77€100k€-945▼

Profit (loss) for the period9904€288k€-253k▼

Profit (loss) for the period to be appropriated9905€288k€-253k▼

Appropriation of the result

Profit (loss) to be appropriated9906€2.02M€-253k▼

Profit (loss) brought forward from the previous period14P€1.73M€0▼

Transfer from equity791/2-€253k

Transfer to equity691/2€2.02M€0▼

To other reserves6921€2.02M€0▼

Social balance

Average headcount (FTE)90871.01.0=

The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

18-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 49 days late

2024

31-12

Financial Weakest financial yearnet €-253k ▼188%

Net result drops to €-253k, the lowest in the series.

18-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2018net €288k ▲112%

Operating result €443k, net result €288k, both a record.

17-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

26-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 26 days late

2021

12-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

26-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Back to profitnet €111k

Net result €111k after one loss-making year.

28-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

28-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

26-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

31-05

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Grez-Doiceau · 2 establishment units since 2009

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Bois de Fa 31390 Grez-Doiceau

Ground area

1.1 ha

Building footprint

309 m²

Volume, LiDAR

2,318 m³

2 parcels, Brussels, Wallonia · tallest building 21.8 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

LAMARIS GROUP

Louizalaan 544 et 589, 1050 ElseneRetail trade

since 20092.176.284.476

LAMARIS GROUP

Bois de Fa 3, 1390 Grez-DoiceauRetail trade

since 20212.320.730.740

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25037D0040/00W000	Wallonia	1.1 ha	1 · 195 m²	8.0 m · 2 fl.
21822R0236/00A000 ProtectedArchitectural ensemble · Site or landscapeOktrooipaviljoenen van de voormalige Naamsepoort aan het Ter KamerenbosSource ↗	Brussels	64 m²	1 · 113 m²	21.8 m · 3 fl.