LAPIS (0417.458.306): financials and annual accounts

LAPIS

Londerzeel ·KBO/BCE: BE 0417.458.306

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2014	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	43,471	57,229	90,154	60,429	202,921	186,648	542,864	681,052	2.1m	2.7m	9.7m	11.1m	11.1m	10.7m	9.6m	9.8m
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	3,635	7,271	10,906
Fixed assets`21/28`	-	-	-	-	-	-	-	53,457	120,224	181,256	5.6m	5.7m	5.7m	5.7m	5.5m	4.6m
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	11,425	32,616	54,714
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	53,457	120,224	146,256	5.6m	5.6m	5.6m	5.7m	5.4m	4.5m
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	5.3m	5.2m	5.1m	5.2m	5.1m	4.2m
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	30,083	65,441	95,736	172,224	227,719	245,584	272,616	101,170	109,989
Furniture and vehicles`24`	-	-	-	-	-	-	-	11,113	15,221	14,569	20,827	36,474	24,136	18,499	22,192	45,782
Leasing and similar rights`25`	-	-	-	-	-	-	-	-	17,084	-	-	-	-	-	-	-
Other tangible fixed assets`26`	-	-	-	-	-	-	-	12,261	22,478	-	-	-	-	-	-	30,100
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	35,000	35,000	35,111	29,496	25,688	30,949	34,222
Other financial fixed assets`284/8`	-	-	-	-	-	-	-	-	-	35,000	35,000	35,111	29,496	25,688	30,949	34,222
Amounts receivable and cash guarantees`285/8`	-	-	-	-	-	-	-	-	-	35,000	35,000	35,111	29,496	25,688	30,949	34,222
Current assets`29/58`	43,471	57,229	90,154	60,429	202,921	186,648	542,864	627,595	2.0m	2.5m	4.2m	5.4m	5.4m	5.0m	4.1m	5.2m
Stocks and contracts in progress`3`	-	-	-	-	102,906	113,513	376,724	500,000	945,000	1.4m	2.9m	3.9m	4.0m	3.6m	3.3m	3.5m
Stocks`30/36`	-	-	-	-	102,906	113,513	376,724	500,000	945,000	1.4m	2.8m	3.9m	3.9m	3.5m	3.2m	3.5m
Raw materials and consumables`30/31`	-	-	-	-	-	-	-	-	5,000	14,816	22,758	30,446	24,906	18,386	16,746	16,030
Goods purchased for resale`34`	-	-	-	-	102,906	113,513	376,724	500,000	940,000	1.4m	2.7m	3.9m	3.8m	3.5m	3.2m	3.4m
Advance payments`36`	-	-	-	-	-	-	-	-	-	-	106,247	-	-	-	-	-
Contracts in progress`37`	-	-	-	-	-	-	-	-	-	5,101	59,755	21,084	97,760	106,781	73,533	20,986
Amounts receivable within one year`40/41`	18,416	2,296	15,931	60,221	87,954	71,109	164,111	84,507	930,913	1.0m	1.2m	1.3m	1.3m	1.2m	601,551	789,890
Trade receivables`40`	-	-	-	-	-	-	28,997	39,789	539,239	710,119	1.1m	1.2m	1.2m	1.1m	598,036	733,170
Other amounts receivable`41`	18,416	2,296	15,931	60,221	87,954	71,109	135,114	44,718	391,674	326,229	90,739	89,832	83,132	79,735	3,515	56,719
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	615,600
Other investments`51/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	615,600
Cash at bank and in hand`54/58`	25,055	54,933	74,222	208	12,061	2,026	2,029	29,676	84,377	54,405	58,160	88,808	145,271	128,526	186,654	323,344
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	13,412	519	4,883	11,407	40,014	22,668	34,392	34,106	24,118
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	43,471	57,229	90,154	60,429	202,921	186,648	542,864	681,052	2.1m	2.7m	9.7m	11.1m	11.1m	10.7m	9.6m	9.8m
Equity`10/15`	37,076	43,864	56,341	60,429	168,858	157,009	349,828	355,326	615,585	1.4m	3.8m	4.3m	4.5m	4.4m	4.5m	4.8m
Contributions`10/11`	365,000	365,000	365,000	365,000	365,000	365,000	-	-	-	1.1m	4.5m	4.5m	4.5m	4.5m	4.5m	4.5m
Capital`10`	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	750,000	-	-	-	-	-	-	-
Issued capital`100`	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	750,000	1.1m	4.5m	4.5m	4.5m	4.5m	4.5m	4.5m
Revaluation surpluses`12`	-	-	-	-	-	-	-	-	-	-	203,966	203,966	203,966	203,966	203,966	203,966
Reserves`13`	67,856	67,856	67,856	67,856	67,856	67,856	67,856	67,856	251,116	251,635	289,383	289,383	289,383	289,383	289,382	289,383
Non-distributable reserves`130/1`	67,856	67,856	67,856	67,856	67,856	67,856	-	-	-	31,356	31,356	31,356	31,356	31,356	31,356	31,356
Legal reserve`130`	36,500	36,500	36,500	36,500	36,500	36,500	36,500	36,500	110,000	110,000	132,337	132,337	132,337	132,337	132,336	132,337
Reserves not available under the articles`1311`	-	-	0	-	-	-	31,356	31,356	31,356	-	-	-	-	-	-	-
Other`1319`	31,356	31,356	31,356	31,356	31,356	31,356	-	-	-	31,356	31,356	31,356	31,356	31,356	31,356	31,356
Distributable reserves`133`	-	-	-	-	-	-	-	-	109,760	110,279	125,690	125,690	125,690	125,690	125,690	125,690
Profit (loss) carried forward`14`	-395,780	-388,993	-376,515	-372,427	-263,998	-275,847	-83,028	-77,530	-385,531	-	-1.2m	-670,694	-512,765	-600,172	-461,693	-213,535
Provisions and deferred taxes`16`	-	-	-	-	-	-	383	6,569	65,432	227,268	32,692	61,960	77,859	114,312	210,594	173,720
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	383	6,569	65,432	227,268	32,692	61,960	77,859	114,312	210,594	173,720
Pensions and similar obligations`160`	-	-	-	-	-	-	383	6,569	12,632	18,268	32,692	61,960	77,859	92,562	113,244	146,096
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	-	52,800	209,000	-	-	-	21,750	97,350	27,624
Amounts payable`17/49`	6,395	13,366	33,813	-	34,063	29,639	192,653	319,157	1.4m	1.1m	5.9m	6.7m	6.5m	6.2m	4.8m	4.8m
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	12,230	18,497	437,429	1.0m	1.3m	1.6m	2.0m	1.6m
Financial debts`170/4`	-	-	-	-	-	-	-	-	12,230	18,497	437,429	1.0m	1.3m	1.6m	2.0m	1.6m
Leasing and similar obligations`172`	-	-	-	-	-	-	-	-	12,230	18,497	55,038	117,131	112,226	92,154	138,078	67,861
Credit institutions`173`	-	-	-	-	-	-	-	-	-	-	382,391	919,561	1.2m	1.5m	1.9m	1.5m
Amounts payable within one year`42/48`	6,395	13,366	20,577	-	24,200	29,639	190,551	318,684	1.3m	1.1m	5.5m	5.7m	5.2m	4.6m	2.8m	3.2m
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	6,267	20,179	368,092	390,597	397,121	375,334	366,601	272,580
Financial debts`43`	-	-	-	-	-	-	-	-	-	30,000	3.4m	3.6m	3.3m	2.8m	1.7m	1.7m
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	30,000	3.4m	3.6m	3.3m	2.8m	1.7m	1.7m
Trade debts`44`	6,395	13,366	63	-	24,200	6,415	8,276	138,050	858,119	968,356	1.3m	1.6m	1.3m	1.3m	700,389	902,829
Suppliers`440/4`	6,395	13,366	63	-	24,200	6,415	8,276	138,050	858,119	968,356	1.3m	1.6m	1.3m	1.3m	700,389	902,829
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	79,852	45,680	200,722	5,537	52,840	1,300	-	39,123
Taxes, remuneration and social security`45`	-	-	-	-	-	23,224	9,586	49,431	29,451	59,408	184,556	79,961	103,468	74,075	77,771	75,629
Taxes`450/3`	-	-	-	-	-	23,224	8,957	49,431	-	1,097	70,555	-	20,982	6,122	12,260	-
Remuneration and social security`454/9`	-	-	-	-	-	-	629	-	29,451	58,311	114,001	79,961	82,486	67,953	65,511	75,629
Other amounts payable`47/48`	-	0	20,514	-	-	-	172,689	131,203	350,513	-	-	2,500	2,500	17,500	17,500	227,088
Accrued charges and deferred income`492/3`	-	0	13,236	-	9,863	-	2,102	473	63,583	1,332	27,080	2,573	403	40,103	8,004	1,480
Income statement
Operating income`70/76A`	-	-	-	6,892	60,011	150,509	184,839	2.8m	4.2m	4.9m	17.7m	12.0m	11.7m	9.8m	8.2m	10.2m
Turnover`70`	-	-	-	6,892	32,169	148,799	137,732	2.5m	3.8m	4.6m	17.5m	12.0m	11.6m	9.7m	7.9m	10.1m
Change in stocks of work in progress, finished goods and contracts in progress`71`	-	-	-	-	-	-	-	-	-5,101	-1,527	38,671	-76,676	-9,022	33,249	52,547	-24,549
Own construction capitalised`72`	-	-	-	-	-	-	-	-	-	-	-	3,583	-	536	28,325	33,031
Other operating income`74`	-	-	-	-	27,842	1,710	47,107	338,649	339,968	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	10,000	9,986	3,306	2,120	-	-	9,296	-
Gross operating margin`9900`	-5,619	-10,639	-1,100	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating charges`60/66A`	-	-	-	112,865	46,737	339,309	224,071	3.1m	4.5m	4.9m	17.8m	11.9m	11.3m	9.7m	8.2m	9.8m
Goods for resale, raw materials and consumables`60`	-	-	-	514,524	53,043	291,662	150,503	2.1m	3.1m	3.5m	12.6m	8.5m	8.0m	6.8m	5.3m	6.8m
Purchases`600/8`	-	-	-	-	-	-	27,227	1.8m	2.6m	3.0m	11.4m	8.6m	8.3m	7.2m	5.0m	6.1m
Change in stocks: decrease (increase)`609`	-	-	-	514,524	53,043	291,662	123,276	287,495	495,361	504,019	1.2m	-54,812	-329,234	-355,291	361,210	638,631
Services and other goods`61`	-	-	-	3,645	22,780	26,398	46,798	501,738	831,072	770,265	2.3m	1.6m	1.4m	1.2m	1.2m	1.2m
Remuneration, social security and pensions`62`	-	-	-	-	-	522	6,206	306,431	637,012	689,237	2.5m	1.6m	1.6m	1.4m	1.3m	1.4m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	36,291	49,682	62,880	63,484	237,172	115,092	263,663	254,607	284,524	271,589
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	0	-415,133	-42,437	-28,451	-33,450	29,577	-4,030	-33,712	21,526	86,058	-1,314	5,425	-83,357	57,530
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-383	-6,186	-58,863	-161,835	-161,804	-29,268	-15,899	-36,453	-96,282	36,874	18,315
Other operating charges`640/8`	472	1,252	419	9,829	13,351	4,560	14,409	145,864	37,164	17,853	167,393	94,883	102,286	155,547	70,172	82,459
Non-recurring operating charges`66A`	-	-	-	-	-	45,001	9,500	-	-	2,634	521	1,044	-	366	39,471	45,773
Operating profit (loss)`9901`	-6,091	-11,891	-1,520	-105,973	13,274	-188,800	-39,232	-261,360	-356,411	41,622	-131,360	70,836	393,514	128,041	-3,338	411,046
Financial income`75/76B`	-	0	1	-	-	-	37,318	36,765	30,912	23,082	93,830	111,760	34,838	25,946	37,692	76,023
Recurring financial income`75`	-	0	1	-	-	-	37,318	36,765	30,912	23,082	93,830	111,760	34,838	25,946	37,692	76,023
Income from current assets`751`	-	-	-	-	-	-	-	2,251	2,530	-	6,158	4,464	9,504	2,853	13,902	33,917
Other financial income`752/9`	-	-	-	-	-	-	37,318	34,514	28,382	23,082	87,673	107,296	25,334	23,093	23,790	42,106
Financial charges`65/66B`	697	586	2,754	2,641	1,425	3,683	2,808	35,665	60,032	63,901	505,936	341,635	341,534	292,040	252,278	399,000
Recurring financial charges`65`	697	586	2,754	2,641	1,425	3,683	2,808	35,665	60,032	63,901	505,936	341,635	341,534	292,040	252,278	399,000
Debt charges`650`	-	-	-	-	1	2	313	4,573	1,622	3,129	339,145	200,314	224,347	204,758	183,180	237,409
Other financial charges`652/9`	-	-	-	2,641	1,424	3,681	2,495	31,092	58,410	60,771	166,791	141,321	117,187	87,282	69,098	161,591
Profit (loss) for the period before taxes`9903`	-6,788	-12,477	-4,273	-108,614	11,849	-192,483	-4,722	-260,260	-385,531	803	-540,681	-157,963	86,818	-138,419	-248,099	42,296
Income taxes`67/77`	-	-	-	-	-	335	776	-	-	655	762	-34	-589	60	59	-
Taxes`670/3`	-	-	-	-	-	335	776	-	-	655	762	83	57	60	646	-
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	-	-	-	-	-	117	646	-	587	-
Profit (loss) for the period`9904`	-6,788	-12,477	-4,273	-108,614	11,849	-192,818	-5,498	-260,260	-385,531	149	-541,443	-157,929	87,407	-138,479	-248,158	42,296
Profit (loss) for the period to be appropriated`9905`	-6,788	-12,477	-4,273	-108,614	11,849	-192,818	-5,498	-260,260	-385,531	149	-541,443	-157,929	87,407	-138,479	-248,158	42,296
Appropriation of the result
Profit (loss) to be appropriated`9906`	-395,780	-388,993	-376,515	-372,427	-263,998	-275,846	-83,028	-645,791	-385,531	-3.4m	-1.2m	-670,694	-512,765	-600,172	-461,693	-213,535
Profit (loss) brought forward from the previous period`14P`	-388,993	-376,515	-372,242	-263,813	-275,847	-83,028	-77,530	-385,531	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	568,260	-	3.4m	-	-	-	-	-	-
Withdrawal from contributions`791`	-	-	-	-	-	-	-	385,000	-	3.4m	-	-	-	-	-	-
From reserves`792`	-	-	-	-	-	-	-	183,260	-	37,896	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	149	-	-	-	-	-	-
To other reserves`6921`	-	-	-	-	-	-	-	-	-	149	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	1	1	4.3	9.2	13.7	21.1	26.4	26	24	25	26.9
Men (FTE)`1003`	-	-	-	-	-	-	-	-	-	9.1	15.6	18.5	-	-	-	-
Women (FTE)`1003`	-	-	-	-	-	-	-	-	-	4.6	5.5	7.9	-	-	-	-
Agency workers`1501`	-	-	-	-	-	-	-	-	-	0.3	1.7	0.5	0.6	0.1	0.8	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	17,660	63,065	40,116	41,704	39,239	37,363	43,758
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-06-2026	2026-00226607	PDF
31-12-2024	abbreviated format	17-07-2025	2025-00280473	PDF
31-12-2023	micro format	04-10-2024	2024-00494132	PDF
31-12-2022	full format	24-08-2023	2023-00363005	PDF
31-12-2021	full format	26-09-2022	2022-20437142	PDF
31-12-2020	full format	12-10-2021	2021-71700359	PDF
31-12-2019	full format	15-10-2020	2020-61500529	PDF
31-12-2018	full format	24-09-2019	2019-65400347	PDF
31-12-2017	full format	18-09-2018	2018-63400253	PDF
31-12-2016	full format	10-07-2017	2017-29900406	PDF
29-02-2016	full format	12-09-2016	2016-59500178	PDF
31-10-2014	full format	16-06-2015	2015-17600251	PDF
31-12-2012	full format	16-07-2013	2013-30800112	PDF
31-12-2011	full format	16-07-2012	2012-29700359	PDF
31-12-2010	full format	13-07-2011	2011-28800367	PDF
31-12-2009	full format	29-06-2010	2010-23800564	PDF
31-12-2008	full format	02-07-2009	2009-35500231	PDF
31-12-2007	full format	23-05-2008	2008-14900097	PDF
31-12-2006	full format	11-06-2007	2007-19700360	PDF
31-03-2006	abbreviated format	11-08-2006	2006-62704013	PDF
31-12-2004	abbreviated format	18-04-2005	2005-12100204	PDF
31-12-2003	abbreviated format	04-06-2004	2004-20102627	PDF
31-12-2002	abbreviated format	11-04-2003	2003-11000754	PDF
31-03-2002	abbreviated format	27-09-2002	2002-59203915	PDF
31-03-2001	abbreviated format	05-09-2001	2001-54104443	PDF
31-03-2000	abbreviated format	27-09-2000	2000-59003630	PDF
31-03-1999	abbreviated format	08-10-1999	1999-52500733	PDF
31-03-1998	abbreviated format	31-08-1998	1998-43602559	PDF
31-03-1997	abbreviated format	26-09-1997	1997-45602373	PDF
31-03-1996	abbreviated format	06-09-1996	1996-43000216	PDF
31-03-1995	abbreviated format	31-08-1995	1995-47602377	PDF
31-03-1994	abbreviated format	09-09-1994	1994-39201758	PDF
31-03-1993	abbreviated format	03-09-1993	1993-34700963	PDF
31-03-1992	abbreviated format	04-09-1992	1992-30800918	PDF
31-03-1991	abbreviated format	08-08-1991	1991-21803060	PDF
31-03-1990	abbreviated format	18-10-1990	1990-26301277	PDF
31-03-1989	abbreviated format	01-08-1989	1989-19103012	PDF
31-03-1988	abbreviated format	28-09-1988	1988-21201069	PDF
31-03-1987	abbreviated format	13-08-1987	1987-20202420	PDF
30-04-1986	abbreviated format	14-08-1986	1986-35001751	PDF
30-04-1985	full format	26-08-1985	1985-31501491	PDF
30-04-1984	unclassified schema	03-08-1984	1984-11700013	PDF
31-12-1982	unclassified schema	31-05-1983	1983-04000877	PDF
31-12-1981	unclassified schema	20-04-1982	1982-01602065	PDF
31-12-1980	unclassified schema	01-04-1981	1981-01101638	PDF
31-12-1979	unclassified schema	09-04-1980	1980-01202270	PDF
31-12-1978	unclassified schema	12-04-1979	1979-01501578	PDF
31-12-1977	unclassified schema	05-07-1978	1978-04002007	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2014	2012	2011	2010	2009	2008
EBITDA	-	-	-	-	-	-	-2,941	-211,678	-293,531	105,107	105,812	185,928	657,177	382,648	281,186	682,635
Cash flow	-	-	-	-	-	-	30,793	-210,578	-322,651	63,633	-304,271	-42,837	351,070	116,128	36,366	313,885
Investment in fixed assets (approximation)	-	-	-	-	-	-	-17,166	-17,085	36,848	29,704	140,780	144,750	180,217	522,594	1.2m	608,997
Change in cash	-29,879	-19,289	74,014	-11,853	10,035	-3	-27,647	-54,701	29,972	-	-	-56,463	16,745	-58,128	-136,690	-
Working capital	37,076	43,864	69,577	-	178,721	157,009	352,313	308,911	636,607	1.4m	-1.3m	-257,765	248,421	448,499	1.3m	2.0m
EBIT margin	-	-	-	-	41.3%	-	-28.5%	-10.6%	-9.3%	0.9%	-0.8%	0.6%	3.4%	1.3%	0.0%	4.1%
Solvency	85.3%	76.6%	62.5%	100.0%	83.2%	84.1%	64.4%	52.2%	29.6%	49.6%	38.8%	39.0%	40.5%	40.9%	47.4%	48.9%
Current ratio	6.80	4.28	4.38	-	8.39	6.30	2.85	1.97	1.48	2.26	0.76	0.95	1.05	1.10	1.45	1.63
Quick ratio	6.80	4.28	4.38	-	4.13	2.47	0.87	0.40	0.77	0.98	0.24	0.26	0.28	0.30	0.29	0.54
Debt to equity	0.17	0.30	0.60	-	0.20	0.19	0.55	0.90	2.27	0.85	1.57	1.55	1.45	1.42	1.06	1.01
ROE	-18.3%	-28.4%	-7.6%	-179.7%	7.0%	-122.8%	-1.6%	-73.2%	-62.6%	0.0%	-14.3%	-3.7%	2.0%	-3.2%	-5.5%	0.9%
ROA	-15.6%	-21.8%	-4.7%	-179.7%	5.8%	-103.3%	-1.0%	-38.2%	-18.5%	0.0%	-5.6%	-1.4%	0.8%	-1.3%	-2.6%	0.4%
Interest coverage	-	-	-	-	-	-	-9.40	-46.29	-180.97	33.59	0.31	0.93	2.93	1.87	1.54	2.88
Customer credit	-	-	-	3189 days	998 days	174 days	77 days	6 days	51 days	57 days	24 days	38 days	38 days	42 days	28 days	26 days
Supplier credit	-	-	-	-	116 days	7 days	15 days	19 days	79 days	82 days	32 days	59 days	52 days	61 days	39 days	41 days

LAPIS

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency85.3%

Current ratio6.80

Return on assets-15.6%

Staff

Men and women

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Insights on LAPIS

Next steps