LAMBDA INSULATION
ActiveLAMBDA INSULATION has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395k and a net result of €129k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 2037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-2
Solvency48▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.32 in 2024; short-term debt: 57.2% and cash: 24.8% of total assets), but 77.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
22.9%
Return on assets
7.5%
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 23% of 2037 sector peers (2025).
NBB · sector comparisonPosition among 2037 sector peers
Solvency
better than 23%
← 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 17-08-2026, 17 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 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
30 d late
2022
87 d early
2021
45 d early
2020
3 d late
2019
46 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€129k▼ 2.8%
2024 · €133k
2018: €223k
2019: €289k
2020: €306k
2021: €303k
2022: €369k
2023: €296k
2024: €133k
2018 → 2025
Working capital
€658k▼ 16.1%
2024 · €784k
2018: €769k
2019: €676k
2020: €603k
2021: €533k
2022: €538k
2023: €723k
2024: €784k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€635k-€652k▲ 2.5%€333k▼ 48.8%€466k▲ 39.8%€395k▼ 15.2%
Operating result€396k-€480k▲ 21.2%€363k▼ 24.4%€207k▼ 43.1%€195k▼ 5.4%
Net result€303k-€369k▲ 21.8%€296k▼ 19.9%€133k▼ 55.1%€129k▼ 2.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.72M
Fixed assets
€80k▼ 3.0%
Current assets
€1.64M▲ 19.2%
Equity and liabilities €1.72M
Equity
€395k▼ 15.2%
Debt
€1.33M▲ 33.4%
The debt ratio rises from 68.1% to 77.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€217k▼
2024 · €235k
Cash flow
€151k▼
2024 · €162k
Solvency
22.9%▼
2024 · 31.9%
Current ratio
1.67▼
2024 · 2.32
Quick ratio
1.61▼
2024 · 2.22
Debt / equity
3.36▲
2024 · 2.14
ROE
32.7%▲
2024 · 28.5%
ROA
7.5%▼
2024 · 9.1%
Interest coverage
10.45▲
2024 · 9.04
Debt
€1.33M▲
2024 · €996k
Debt ≤ 1 year
€987k▲
2024 · €596k
Debt > 1 year
€336k▼
2024 · €401k
Income taxes
€46k▼
2024 · €48k
Staff costs
€873k▲
2024 · €657k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.46M€1.72M▲
Fixed assets21/28€82k€80k▼
Tangible fixed assets22/27€82k€80k▼
Furniture and vehicles24€69k€64k▼
Other tangible fixed assets26€14k€16k▲
Financial fixed assets28€106€106=
Current assets29/58€1.38M€1.64M▲
Stocks and contracts in progress3€55k€58k▲
Stocks30/36€55k€58k▲
Amounts receivable within one year40/41€968k€951k▼
Trade receivables40€916k€828k▼
Other amounts receivable41€52k€123k▲
Current investments50/53-€200k
Cash at bank and in hand54/58€357k€427k▲
Deferred charges and accrued income490/1€0€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.72M▲
Equity10/15€466k€395k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€356k€285k▼
Amounts payable17/49€996k€1.33M▲
Amounts payable after more than one year17€401k€336k▼
Financial debts170/4€401k€336k▼
Amounts payable within one year42/48€596k€987k▲
Current portion of amounts payable after more than one year42€90k€83k▼
Trade debts44€448k€662k▲
Suppliers440/4€448k€662k▲
Taxes, remuneration and social security45€56k€41k▼
Taxes450/3€27k€14k▼
Remuneration and social security454/9€29k€26k▼
Other amounts payable47/48€1k€201k▲
Accrued charges and deferred income492/3€0€7k▲
Income statement
Code20242025
Non-recurring operating income76A€0€7k▲
Remuneration, social security and pensions62€657k€873k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-111k
Other operating charges640/8€4k€116k▲
Non-recurring operating charges66A€0€888▲
Gross operating margin9900€896k€1.10M▲
Operating profit (loss)9901€207k€195k▼
Financial income75/76B€3€24▲
Recurring financial income75€3€24▲
Financial charges65/66B€26k€21k▼
Recurring financial charges65€26k€21k▼
Profit (loss) for the period before taxes9903€180k€175k▼
Income taxes67/77€48k€46k▼
Profit (loss) for the period9904€133k€129k▼
Profit (loss) for the period to be appropriated9905€133k€129k▼
Appropriation of the result
Profit (loss) to be appropriated9906€356k€485k▲
Profit (loss) brought forward from the previous period14P€223k€356k▲
Profit to be distributed694/7€0€200k▲
Return on contributions (dividend)694€0€200k▲
Directors or managers695€0-
Social balance
Average headcount (FTE)908711.515.0▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €129k ▼2.8%
Net result drops to €129k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €369k ▲21.8%
Operating result €480k, net result €369k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
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.
Directors · office · real estate
Directors
7 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, Grâce-Hollogne · 1 establishment unit since 2002
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.
Rue de la Bureautique 64460 Grâce-Hollogne1 establishment unit
LAMBDA INSULATION GROUP
since 20022.065.676.960
Recognitions · licences · registrations
Recognised contractor
1 categoryLAMBDA INSULATION SA36526
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Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 810 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-02-1994
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.