Lamo
ActiveSummary
Lamo has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.93M and a net result of €1.53M. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+7
Solvency79▼-2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 2.55 in 2024; short-term debt: 43.4% and cash: 4.5% of total assets), and 45.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
54.5%
Return on assets
7.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
13 d early
2022
31 d late
2021
1 d late
2020
1 d early
2019
11 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€32.90M▲ 22.7%
2024 · €26.81M
EBIT margin
5.2%▲ 0.9pp
2024 · 4.3%
Net result
€1.53M▲ 51.6%
2024 · €1.01M
Working capital
€10.28M▲ 4.7%
2024 · €9.82M
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
Line20212022202320242025
Turnover€21.69M▲ 25.4%€23.53M▲ 8.5%€24.98M▲ 6.2%€26.81M▲ 7.3%€32.90M▲ 22.7%
Operating result€1.64M▲ 27.3%€1.81M▲ 10.9%€2.12M▲ 17.1%€1.16M▼ 45.5%€1.73M▲ 49.0%
Net result€1.36M▲ 16.4%€1.58M▲ 16.2%€1.66M▲ 5.1%€1.01M▼ 39.1%€1.53M▲ 51.6%
EBIT margin7.5%▲ 0.1pp7.7%▲ 0.2pp8.5%▲ 0.8pp4.3%▼ 4.2pp5.2%▲ 0.9pp
Equity€5.51M▲ 32.7%€6.74M▲ 22.3%€8.39M▲ 24.6%€9.40M▲ 12.0%€10.93M▲ 16.3%
Total assets€13.02M▲ 12.4%€14.66M▲ 12.6%€15.11M▲ 3.1%€16.93M▲ 12.0%€20.08M▲ 18.6%
Debt€7.51M▲ 1.1%€7.92M▲ 5.4%€6.72M▼ 15.2%€7.53M▲ 12.0%€9.14M▲ 21.5%
Working capital€5.32M▲ 22.1%€6.21M▲ 16.7%€8.91M▲ 43.6%€9.82M▲ 10.2%€10.28M▲ 4.7%
Staff (FTE)42▼ 2.1%44.4▲ 5.7%44.1▼ 0.7%45.9▲ 4.1%49.4▲ 7.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.08M
Fixed assets
€1.07M ▲ 35.8%
Current assets
€19.00M ▲ 17.7%
Equity and liabilities €20.08M
Equity
€10.93M ▲ 16.3%
Debt
€9.14M ▲ 21.5%
Debt's share of the balance-sheet total rises from 44.5% to 45.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.01M▲
2024 · €1.36M
Cash flow
€1.81M▲
2024 · €1.21M
Current ratio
2.18▼
2024 · 2.55
Quick ratio
0.82▼
2024 · 0.95
Debt to equity
0.84▲
2024 · 0.80
ROE
14.0%▲
2024 · 10.7%
ROA
7.6%▲
2024 · 6.0%
Interest coverage
7.63▲
2024 · 5.33
Debt ≤ 1 year
€8.72M▲
2024 · €6.32M
Debt > 1 year
€383k▼
2024 · €1.19M
Income taxes
€511k▲
2024 · €334k
Staff costs
€3.59M▲
2024 · €3.14M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €22.00M | €23.93M | €25.33M | €27.28M | €33.34M | ▲ 22.2% |
| Turnover70 | €21.69M | €23.53M | €24.98M | €26.81M | €32.90M | ▲ 22.7% |
| Other operating income74 | €304k | €377k | €349k | €466k | €399k | ▼ 14.3% |
| Non-recurring operating income76A | €6k | €28k | €434 | €4k | €37k | ▲ 907% |
| Operating charges60/66A | €20.36M | €22.12M | €23.21M | €26.12M | €31.62M | ▲ 21.0% |
| Goods for resale, raw materials and consumables60 | €15.81M | €17.15M | €18.11M | €20.67M | €25.53M | ▲ 23.5% |
| Purchases600/8 | €16.87M | €18.95M | €18.77M | €21.08M | €27.27M | ▲ 29.4% |
| Change in stocks: decrease (increase)609 | €-1.06M | €-1.80M | €-658k | €-410k | €-1.74M | ▼ 325% |
| Services and other goods61 | €1.75M | €1.96M | €1.90M | €1.91M | €2.03M | ▲ 6.2% |
| Remuneration, social security and pensions62 | €2.52M | €2.57M | €2.93M | €3.14M | €3.59M | ▲ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114k | €130k | €139k | €202k | €280k | ▲ 38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €135k | €270k | €83k | €142k | €55k | ▼ 61.6% |
| Other operating charges640/8 | €27k | €32k | €35k | €56k | €123k | ▲ 119% |
| Non-recurring operating charges66A | €13k | €12k | €0 | - | €10k | - |
| Operating profit (loss)9901 | €1.64M | €1.81M | €2.12M | €1.16M | €1.73M | ▲ 49.0% |
| Financial income75/76B | €451k | €487k | €498k | €591k | €767k | ▲ 29.8% |
| Recurring financial income75 | €451k | €487k | €498k | €591k | €767k | ▲ 29.8% |
| Income from current assets751 | €18k | €875 | €2k | €3k | €26k | ▲ 708% |
| Other financial income752/9 | €433k | €486k | €496k | €587k | €740k | ▲ 26.1% |
| Financial charges65/66B | €258k | €294k | €399k | €406k | €452k | ▲ 11.4% |
| Recurring financial charges65 | €258k | €294k | €399k | €406k | €452k | ▲ 11.4% |
| Debt charges650 | €141k | €156k | €271k | €255k | €263k | ▲ 3.0% |
| Other financial charges652/9 | €117k | €138k | €128k | €151k | €189k | ▲ 25.7% |
| Profit (loss) for the period before taxes9903 | €1.83M | €2.01M | €2.22M | €1.34M | €2.04M | ▲ 52.0% |
| Income taxes67/77 | €471k | €429k | €563k | €334k | €511k | ▲ 53.2% |
| Taxes670/3 | €471k | €429k | €563k | €334k | €511k | ▲ 53.2% |
| Tax adjustments and reversals of tax provisions77 | €0 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €1.36M | €1.58M | €1.66M | €1.01M | €1.53M | ▲ 51.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €196k | - |
| Transfer to tax-exempt reserves689 | - | - | €842k | €463k | €842k | ▲ 81.8% |
| Profit (loss) for the period to be appropriated9905 | €1.36M | €1.58M | €816k | €546k | €883k | ▲ 61.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.02M | €14.66M | €15.11M | €16.93M | €20.08M | ▲ 18.6% |
| Fixed assets21/28 | €616k | €595k | €633k | €789k | €1.07M | ▲ 35.8% |
| Intangible fixed assets21 | €338k | €293k | €249k | €204k | €161k | ▼ 20.9% |
| Tangible fixed assets22/27 | €271k | €295k | €378k | €579k | €904k | ▲ 56.2% |
| Land and buildings22 | €36k | €30k | €24k | €18k | €13k | ▼ 30.1% |
| Plant, machinery and equipment23 | €70k | €90k | €86k | €78k | €95k | ▲ 22.1% |
| Furniture and vehicles24 | €144k | €113k | €207k | €437k | €761k | ▲ 73.9% |
| Leasing and similar rights25 | €1k | €44k | €34k | €24k | €14k | ▼ 42.0% |
| Other tangible fixed assets26 | €20k | €18k | €27k | €22k | €22k | ▲ 1.8% |
| Financial fixed assets28 | €6k | €7k | €7k | €7k | €7k | = |
| Companies linked by participating interests282/3 | €3k | €3k | €3k | €3k | €3k | = |
| Participating interests282 | €3k | €3k | €3k | €3k | €3k | = |
| Other financial fixed assets284/8 | €3k | €4k | €4k | €4k | €4k | = |
| Amounts receivable and cash guarantees285/8 | €3k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €12.41M | €14.07M | €14.48M | €16.14M | €19.00M | ▲ 17.7% |
| Stocks and contracts in progress3 | €7.64M | €9.31M | €9.87M | €10.14M | €11.84M | ▲ 16.8% |
| Stocks30/36 | €7.64M | €9.31M | €9.87M | €10.14M | €11.84M | ▲ 16.8% |
| Goods purchased for resale34 | €7.64M | €9.31M | €9.87M | €10.14M | €11.84M | ▲ 16.8% |
| Amounts receivable within one year40/41 | €4.24M | €3.90M | €3.96M | €5.05M | €5.74M | ▲ 13.6% |
| Trade receivables40 | €4.04M | €3.86M | €3.88M | €4.98M | €5.39M | ▲ 8.2% |
| Other amounts receivable41 | €204k | €38k | €77k | €73k | €349k | ▲ 379% |
| Cash at bank and in hand54/58 | €101k | €461k | €220k | €466k | €903k | ▲ 93.8% |
| Deferred charges and accrued income490/1 | €427k | €395k | €434k | €484k | €521k | ▲ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.02M | €14.66M | €15.11M | €16.93M | €20.08M | ▲ 18.6% |
| Equity10/15 | €5.51M | €6.74M | €8.39M | €9.40M | €10.93M | ▲ 16.3% |
| Contributions10/11 | €2.70M | €2.70M | €2.70M | €2.70M | €2.70M | = |
| Capital10 | €2.70M | €2.70M | €2.70M | €2.70M | €2.70M | = |
| Issued capital100 | €2.70M | €2.70M | €2.70M | €2.70M | €2.70M | = |
| Reserves13 | €298k | €298k | €1.14M | €1.60M | €2.25M | ▲ 40.3% |
| Non-distributable reserves130/1 | €270k | €270k | €270k | €270k | €270k | = |
| Legal reserve130 | €270k | €270k | €270k | €270k | €270k | = |
| Tax-exempt reserves132 | €27k | €27k | €869k | €1.33M | €1.98M | ▲ 48.5% |
| Distributable reserves133 | €860 | €860 | €860 | €860 | €860 | = |
| Profit (loss) carried forward14 | €2.51M | €3.74M | €4.55M | €5.10M | €5.98M | ▲ 17.3% |
| Amounts payable17/49 | €7.51M | €7.92M | €6.72M | €7.53M | €9.14M | ▲ 21.5% |
| Amounts payable after more than one year17 | €425k | €49k | €1.14M | €1.19M | €383k | ▼ 67.7% |
| Financial debts170/4 | €425k | €49k | €1.14M | €1.19M | €383k | ▼ 67.7% |
| Leasing and similar obligations172 | €0 | €35k | €25k | €15k | €4k | ▼ 70.2% |
| Credit institutions173 | €422k | €14k | €120k | €170k | €378k | ▲ 122% |
| Other loans174 | €2k | €0 | €1.00M | €1.00M | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €7.09M | €7.86M | €5.57M | €6.32M | €8.72M | ▲ 37.9% |
| Current portion of amounts payable after more than one year42 | €429k | €454k | €79k | €89k | €1.19M | ▲ 1,240% |
| Financial debts43 | €3.88M | €4.32M | €3.01M | €3.81M | €4.95M | ▲ 30.1% |
| Credit institutions430/8 | €3.88M | €4.32M | €3.01M | €3.81M | €4.95M | ▲ 30.1% |
| Trade debts44 | €792k | €561k | €303k | €580k | €561k | ▼ 3.3% |
| Suppliers440/4 | €792k | €561k | €303k | €580k | €561k | ▼ 3.3% |
| Advances received on contracts in progress46 | - | - | - | €503 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €538k | €629k | €725k | €681k | €800k | ▲ 17.5% |
| Taxes450/3 | €113k | €253k | €260k | €210k | €269k | ▲ 28.2% |
| Remuneration and social security454/9 | €425k | €375k | €465k | €471k | €531k | ▲ 12.7% |
| Other amounts payable47/48 | €1.45M | €1.89M | €1.45M | €1.16M | €1.22M | ▲ 4.5% |
| Accrued charges and deferred income492/3 | €341 | €16k | €6k | €19k | €39k | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.36M | €1.58M | €1.66M | €1.01M | €1.53M | ▲ 51.6% |
| + Depreciation and write-downs630 | €114k | €130k | €139k | €202k | €280k | ▲ 38.6% |
| Operating cash flow (approximation) | €1.47M | €1.71M | €1.80M | €1.21M | €1.81M | ▲ 49.4% |
| Investment in fixed assets (approximation) | - | €-108k | €-177k | €-358k | €-563k | ▼ 57.1% |
| Change in cash | - | €360k | €-241k | €246k | €437k | ▲ 77.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €10MEq €10.93M ▲16.3%
7 profitable years in a row build equity to €10.93M.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.66M ▲5.1%
Operating result €2.12M, net result €1.66M, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
31-12
Financial
Equity above €5MEq €5.51M ▲32.7%
3 profitable years in a row build equity to €5.51M.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €2MEq €4.15M ▲109%
2 profitable years in a row build equity to €4.15M.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €145k
Net result €145k after one loss-making year.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
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.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Wingene · 3 establishment units since 1948
Ground area
1.4 ha
Building footprint
9,969 m²
Volume, LiDAR
50,110 m³
3 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
Lamo Eke
since 19482.005.949.409
Lamo Oostende
since 19742.143.180.059
Lamo Ruiselede
since 20202.299.737.465
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012C0304/00D000 | Flanders | 6,542 m² | 1 · 3,585 m² | 9.2 m |
| 35026A0224/00P000 | Flanders | 4,203 m² | 1 · 965 m² | 9.1 m · 2 fl. |
| 44018A0053/00R000 | Flanders | 3,493 m² | 1 · 5,419 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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
2022 to 2025 · 8 entries · 36,299 EUR awarded · 36,219 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,923 EUR | 15,843 EUR |
| 2024 | 2 | 14,454 EUR | 14,454 EUR |
| 2023 | 2 | 1,636 EUR | 1,636 EUR |
| 2022 | 2 | 4,286 EUR | 4,286 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
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Hooglede · Eq €10,963,618
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,397. 502 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
Founded15-11-1974
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46836
46820
46841
Contact
Website
www.lamo.beWingene
E-mail
info.ruiselede@lamo.beWingene
Phone
051/68.82.53Wingene
Fax
051/68.75.13Wingene
Scores and ratios are computed by Checked and are not a credit decision.