LAMONT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 33 filings
Turnover
≈ €580,000
Estimated: probably between €290,000 and €1.1m
EBIT margin
Not included in this filing
Net result
-€54,592▲ 33.9%
2024 · -€82,564
Working capital
-€430,852▼ 12.0%
2024 · -€384,821
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€42,515
▲ 42.0%
2025
20182025
Net result
-€54,592
▲ 33.9%
2025
lowest quarter of the sector
20182025
Equity
-€262,042
▼ 26.3%
2025
lowest quarter of the sector
20182025
Total assets
€310,184
▼ 18.0%
2025
lowest quarter of the sector
20182025
Debt
€572,226
▼ 2.3%
2025
20182025
Working capital
-€430,852
▼ 12.0%
2025
lowest quarter of the sector
20182025
Solvency
-84.5%
▼ 29.6pp
2025
lowest quarter of the sector
20182025
Current ratio
0.25
▼ 0.09
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-17.6%
▲ 4.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
3
▼ 14.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€19,566--€11,598-€21,803▼ 88.0%-€20,023▲ 8.2%€23,336-€93,308-€73,240▲ 21.5%-€42,515▲ 42.0%
Net result€5,623--€22,788-€30,820below the sector's middle half▼ 35.2%-€30,071below the sector's middle half▲ 2.4%€10,214within the sector's middle half-€93,069below the sector's middle half-€82,564below the sector's middle half▲ 11.3%-€54,592below the sector's middle half▲ 33.9%
Equity€40,822-€18,034▼ 55.8%-€12,787below the sector's middle half-€42,031below the sector's middle half▼ 229%-€31,817below the sector's middle half▲ 24.3%-€124,886below the sector's middle half▼ 293%-€207,450below the sector's middle half▼ 66.1%-€262,042below the sector's middle half▼ 26.3%
Total assets€671,555-€622,719▼ 7.3%€585,105within the sector's middle half▼ 6.0%€557,477within the sector's middle half▼ 4.7%€475,782below the sector's middle half▼ 14.7%€460,271below the sector's middle half▼ 3.3%€378,079below the sector's middle half▼ 17.9%€310,184below the sector's middle half▼ 18.0%
Debt€630,733-€604,686▼ 4.1%€597,892▼ 1.1%€599,508▲ 0.3%€507,599▼ 15.3%€585,157▲ 15.3%€585,529▲ 0.1%€572,226▼ 2.3%
Working capital-€107,807--€116,853▼ 8.4%-€121,565below the sector's middle half▼ 4.0%-€132,429below the sector's middle half▼ 8.9%-€111,361below the sector's middle half▲ 15.9%-€307,091below the sector's middle half▼ 176%-€384,821below the sector's middle half▼ 25.3%-€430,852below the sector's middle half▼ 12.0%
Solvency6.1%-2.9%▼ 3.2pp-2.2%below the sector's middle half▼ 5.1pp-7.5%below the sector's middle half▼ 5.4pp-6.7%below the sector's middle half▲ 0.9pp-27.1%below the sector's middle half▼ 20.4pp-54.9%below the sector's middle half▼ 27.7pp-84.5%below the sector's middle half▼ 29.6pp
Current ratio0.79-0.77▼ 0.020.76below the sector's middle half▼ 0.010.75below the sector's middle half▼ 0.010.78below the sector's middle half▲ 0.030.47below the sector's middle half▼ 0.310.34below the sector's middle half▼ 0.130.25below the sector's middle half▼ 0.09
Return on assets (ROA)0.8%--3.7%▼ 4.5pp-5.3%below the sector's middle half▼ 1.6pp-5.4%below the sector's middle half▼ 0.1pp2.1%within the sector's middle half▲ 7.5pp-20.2%below the sector's middle half▼ 22.4pp-21.8%below the sector's middle half▼ 1.6pp-17.6%below the sector's middle half▲ 4.2pp
Staff (FTE)1.8-2.5▲ 38.9%2.5within the sector's middle half=3.3within the sector's middle half▲ 32.0%3.5within the sector's middle half▲ 6.1%3.5within the sector's middle half=3.5within the sector's middle half=3within the sector's middle half▼ 14.3%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €42,515, smaller than the loss of €73,240 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310,184
Fixed assets
€168,810 ▼ 5.3%
Current assets
€141,374 ▼ 29.3%
Equity and liabilities
Equity-€262,042
Debt€572,226
Equity is negative. Debt (€572,226) exceeds the balance-sheet total (€310,184).
Key figures and ratios
EBITDA
-€25,390▲
2024 · -€56,379
Cash flow
-€37,467▲
2024 · -€65,703
Quick ratio
0.08▼
2024 · 0.17
Interest coverage
-2.10▲
2024 · -4.53
Debt ≤ 1 year
€572,226▼
2024 · €584,677
Staff costs
€87,106▲
2024 · €83,948
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 4 | 3 |
| full-time | 3 | 3 | 3 | 3 | 3 |
| part-time | 1 | 1 | 1 | 1 | - |
| in full-time equivalents | 3.5 | 3.5 | 3.5 | 3.5 | 3 |
| Average over the year, in full-time equivalents | 3.3 | 3.5 | 3.5 | 3.5 | 3 |
| On a permanent contract | 3 | 3 | 3 | 3 | 3 |
| Joined | 1 | - | - | - | 0 |
| Left | 0 | - | - | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €134,263 | - | - | - | - |
| Mortgages, amount registered | €789,726 | - | - | - | - |
| Carrying value of the mortgaged assets | €156,281 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,500 | €205 | - | €10,727 | €7,711 |
| Intangible fixed assets | - | - | €125,000 | - | - |
| Depreciation and write-downs of the year | €37,667 | €17,247 | €16,277 | €16,861 | €17,125 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €56,658 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €65,716 | €76,866 | €80,533 | €83,948 | €87,106 | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,189 | €39,895 | €37,483 | €37,667 | €17,247 | €16,277 | €16,861 | €17,125 | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €16,849 | €33,698 | €33,698 | €33,317 | - | - |
| Other operating charges640/8 | - | - | - | €14,581 | €12,759 | €11,143 | €13,108 | €11,540 | ▼ 12.0% |
| Non-recurring operating charges66A | - | - | - | €1,100 | €4,667 | - | €102 | €20,023 | ▲ 197× |
| Gross operating margin9900 | €117,779 | €120,024 | €110,505 | €115,891 | €168,572 | €48,343 | €74,095 | €93,279 | ▲ 25.9% |
| Operating profit (loss)9901 | €19,566 | -€11,598 | -€21,803 | -€20,023 | €23,336 | -€93,308 | -€73,240 | -€42,515 | ▲ 42.0% |
| Financial income75/76B | - | - | - | €8,271 | €10,121 | €9,677 | €3,108 | €29 | ▼ 99.1% |
| Recurring financial income75 | €4,819 | €4,836 | €9,305 | €8,271 | €10,121 | €3,394 | €3,108 | €29 | ▼ 99.1% |
| Non-recurring financial income76B | - | - | - | - | - | €6,283 | - | - | - |
| Financial charges65/66B | - | - | - | €18,318 | €23,243 | €9,438 | €12,432 | €12,105 | ▼ 2.6% |
| Recurring financial charges65 | €18,762 | €16,026 | €18,323 | €18,318 | €23,243 | €9,438 | €12,432 | €12,105 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €5,623 | -€22,788 | -€30,820 | -€30,071 | €10,214 | -€93,069 | -€82,564 | -€54,592 | ▲ 33.9% |
| Profit (loss) for the period9904 | €5,623 | -€22,788 | -€30,820 | -€30,071 | €10,214 | -€93,069 | -€82,564 | -€54,592 | ▲ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €5,623 | -€22,788 | -€30,820 | -€30,071 | €10,214 | -€93,069 | -€82,564 | -€54,592 | ▲ 33.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €671,555 | €622,719 | €585,105 | €557,477 | €475,782 | €460,271 | €378,079 | €310,184 | ▼ 18.0% |
| Fixed assets21/28 | €271,121 | €239,226 | €201,744 | €165,577 | €80,527 | €184,459 | €178,224 | €168,810 | ▼ 5.3% |
| Intangible fixed assets21 | €15,424 | €10,424 | €5,424 | €424 | - | €113,527 | €101,027 | €88,527 | ▼ 12.4% |
| Tangible fixed assets22/27 | €255,698 | €228,803 | €196,320 | €165,153 | €80,527 | €70,932 | €77,196 | €80,283 | ▲ 4.0% |
| Land and buildings22 | - | - | - | €142,109 | €72,051 | €70,001 | €67,951 | €65,900 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | - | €12,538 | €3,583 | €829 | €9,246 | €14,382 | ▲ 55.6% |
| Furniture and vehicles24 | - | - | - | €10,506 | €4,893 | €102 | - | - | - |
| Current assets29/58 | €400,433 | €383,493 | €383,362 | €391,900 | €395,256 | €275,812 | €199,856 | €141,374 | ▼ 29.3% |
| Stocks and contracts in progress3 | €93,920 | €68,508 | €85,005 | €94,270 | €113,364 | €122,914 | €97,859 | €96,653 | ▼ 1.2% |
| Stocks30/36 | - | - | - | €94,270 | €113,364 | €122,914 | €97,859 | €96,653 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €292,881 | €306,062 | €285,666 | €289,780 | €273,524 | €143,425 | €95,361 | €37,011 | ▼ 61.2% |
| Trade receivables40 | - | - | - | €144,506 | €114,798 | €89,092 | €40,447 | €37,011 | ▼ 8.5% |
| Other amounts receivable41 | - | - | - | €145,274 | €158,725 | €54,333 | €54,914 | - | - |
| Cash at bank and in hand54/58 | €13,632 | €8,923 | €12,690 | €7,851 | €8,368 | €7,838 | €6,635 | €7,710 | ▲ 16.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,635 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €671,555 | €622,719 | €585,105 | €557,477 | €475,782 | €460,271 | €378,079 | €310,184 | ▼ 18.0% |
| Equity10/15 | €40,822 | €18,034 | -€12,787 | -€42,031 | -€31,817 | -€124,886 | -€207,450 | -€262,042 | ▼ 26.3% |
| Contributions10/11 | €240,000 | €240,000 | €240,000 | €240,826 | €240,826 | €240,826 | €240,826 | €240,826 | = |
| Capital10 | - | - | - | €240,826 | €240,826 | €240,826 | €240,826 | €240,826 | = |
| Issued capital100 | - | - | - | €240,826 | €240,826 | €240,826 | €240,826 | €240,826 | = |
| Profit (loss) carried forward14 | -€199,178 | -€221,966 | -€252,787 | -€282,857 | -€272,643 | -€365,712 | -€448,276 | -€502,868 | ▼ 12.2% |
| Amounts payable17/49 | €630,733 | €604,686 | €597,892 | €599,508 | €507,599 | €585,157 | €585,529 | €572,226 | ▼ 2.3% |
| Amounts payable after more than one year17 | €121,371 | €104,340 | €92,117 | €74,353 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €74,353 | - | - | - | - | - |
| Amounts payable within one year42/48 | €508,241 | €500,346 | €504,926 | €524,330 | €506,617 | €582,902 | €584,677 | €572,226 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,765 | - | - | - | - | - |
| Financial debts43 | - | - | - | €42,146 | €35,760 | €47,445 | €31,260 | €23,906 | ▼ 23.5% |
| Credit institutions430/8 | - | - | - | €42,146 | €35,760 | €47,445 | €31,260 | €23,906 | ▼ 23.5% |
| Trade debts44 | €431,789 | €417,832 | €428,402 | €440,380 | €445,358 | €497,062 | €512,235 | €510,455 | ▼ 0.3% |
| Suppliers440/4 | - | - | - | €440,380 | €445,358 | €497,062 | €512,235 | €510,455 | ▼ 0.3% |
| Taxes, remuneration and social security45 | - | - | - | €11,101 | €12,561 | €10,582 | €13,352 | €15,927 | ▲ 19.3% |
| Taxes450/3 | - | - | - | €648 | €3,242 | €464 | €2,945 | €4,961 | ▲ 68.4% |
| Remuneration and social security454/9 | - | - | - | €10,453 | €9,319 | €10,119 | €10,407 | €10,966 | ▲ 5.4% |
| Other amounts payable47/48 | - | - | - | €12,938 | €12,938 | €27,813 | €27,830 | €21,938 | ▼ 21.2% |
| Accrued charges and deferred income492/3 | - | - | - | €826 | €982 | €2,254 | €852 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,623 | -€22,788 | -€30,820 | -€30,071 | €10,214 | -€93,069 | -€82,564 | -€54,592 | ▲ 33.9% |
| + Depreciation and write-downs630 | €32,189 | €39,895 | €37,483 | €37,667 | €17,247 | €16,277 | €16,861 | €17,125 | ▲ 1.6% |
| Operating cash flow (approximation) | €37,813 | €17,107 | €6,662 | €7,596 | €27,461 | -€76,793 | -€65,703 | -€37,467 | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | -€8,000 | €0 | -€1,500 | €67,803 | -€120,209 | -€10,625 | -€7,711 | ▲ 27.4% |
| Change in cash | - | -€4,709 | €3,767 | -€4,839 | €518 | -€530 | -€1,203 | €1,075 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as LAMONT has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LAMONT itself: 4.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for LAMONT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00188197 | |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00199994 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00324990 | |
| 31-12-2022 | abbreviated format | 28-09-2023 | 2023-00471615 | |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20129668 | |
| 31-12-2020 | abbreviated format | 08-06-2021 | 2021-19300343 | |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-23600076 | |
| 31-12-2018 | abbreviated format | 18-06-2019 | 2019-20500490 | |
| 31-12-2017 | abbreviated format | 20-06-2018 | 2018-21700209 | |
| 31-12-2016 | abbreviated format | 12-07-2017 | 2017-30900560 |