LAMSOUL

Active

Public limited companyfounded 1987active for 38 yearsChaussée de Tervuren 389, 1410 Waterloo, Belgium53 active companies are registered at this addressKBO/BCE: BE 0432.848.741

From the official registers: KBO 38 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

LAMSOUL has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.7m) and a net result of -€678,655. Equity is shrinking by about 49% per year across the filed financial years. Its solvency ranks better than 11% of 367 sector peers (NACE 02, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

LAMSOULActiveChecked score 52/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 09-12-1987 Normal situation
Legal form: Public limited company
Registered office: Chaussée de Tervuren 389, 1410 Waterloo
Activity: Logging NACE 02200
Establishment unit: 2.034.092.275 6953 Nassogne, since 10-12-1990
Financial year end: 31 December
Peppol: Reachable since 01-12-2025

Company details

Who decides

Board

ARLOManaging director · permanent representative Arthur LHOIST
Camille DEL MARMOLDirector · since 01-01-2024

Shareholders

Naoshima100%annual accounts 2025

Board & ownership

How it is doing

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Annual accounts 2025

Gross margin: -€202,654; ▼ 16.0%
Loss: €678,655; ▲ 17.4%
Equity: -€1.7m; ▼ 69.1%
Total assets: €11.4m; ▲ 22.2%
Staff: 2 FTE; =

Turnover not published (micro format)2025 accounts 71 days early

Filed on 21-05-2026PDF

Financials

Why 52raises riskCapped at 59: negative equityNegative equity -€1.7mLiquidity: current ratio 0.01, cash €59,017Loss of €678,655, the second in a row (financial year 2025)lowers riskSize: total assets €11.4mShow the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 6% of its sector peers (all companies)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 10-4

equity -14.5% of total assets

Liquidity 1=

short-term debt 114.5% · cash 0.5%

Profitability 11=

return on assets -5.9%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (10 companies, NACE 02, medium-sized)

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025highest value 06-2025: 0.6%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%▼ -0.2 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.2%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value

No credit on open account

Liquidity insufficient (current ratio 0.01, compared with 0.01 in 2024, below 1; short-term debt: 114.5% and cash: 0.5% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 7% on solvency, 2% on liquidity, 12% on profitability and 5% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €11.4m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity -€1.7m

NBB · annual accounts

Liquidity: current ratio 0.01, cash €59,017

NBB · annual accounts

Loss of €678,655, the second in a row (financial year 2025)

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€1.7m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

71 days early

2024

70 days early

2023

9 days late

2022

21 days late

2021

4 days early

2020

30 days late

2019

28 days late

← 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 (NACE 02) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 filed years within 66 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€1.7m View
Risk: 8 loss-making years in a rowloss financial year 2025 -€678,655 View
Caution: Among the weakest 5% on net resultsector median €9,079 · 368 companies -€678,655 View
Caution: Equity fell in 2025from -€982,219 to -€1.7m ▼ 69.1% View

Documents

Key facts about LAMSOUL

What is the company number of LAMSOUL?: 0432.848.741. In Belgium the VAT number is the company number with BE in front: BE 0432.848.741.
Where is LAMSOUL based?: The registered office is at Chaussée de Tervuren 389, 1410 Waterloo.Company details
What does LAMSOUL do?: According to the KBO register, the main activity is logging (NACE 02200).
What is the legal form of LAMSOUL?: Public limited company (NV).
When was LAMSOUL founded?: On 09-12-1987.
Is LAMSOUL still active?: Yes, LAMSOUL is an active enterprise in the KBO register.
How many employees does LAMSOUL have?: On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LAMSOUL?: The annual accounts for financial year 2025 state no turnover: the micro format does not require it.
Is LAMSOUL profitable?: In financial year 2025, LAMSOUL made a loss of €678,655.
Where can I find the annual accounts of LAMSOUL?: LAMSOUL filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of LAMSOUL due?: By 31-07-2027, for financial year 2026.Timeline