Equity
€37,076 from €4.8m in 2008
Equity fell by 99% in 17 years.
LAPIS
Lifetime
16 annual accounts with figures on one time axis, 45 filings since 1977Turnoverpeak €17.5m (2014)
-not published
Resultlowest -€541,443 (2014)
-€6,788▲ €5,690
Equitypeak €4.8m (2008)
€37,076▼ 15.5%
Debts
€6,395▼ 52.2%
Staffpeak 26.9 FTE (2008)
-not published
Board3 names since 2017
2 directorsRinaldo CASTELLI and 1 other
Owners3 names in the annual accounts
100%Triple B
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from -€10,639 to -€5,619Loss of €6,788Equity from €43,864 to €37,076Debts from €13,366 to €6,395Cash from €54,933 to €25,055
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 53% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,896 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%highest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €6,788, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 6.80, cash €25,055, halved
Founded in 1977
Equity €37,076 (85.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 (NACE 46, micro). It does better than 90% of them on solvency, 94% on liquidity, 6% on profitability and 22% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as LAPIS has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LAPIS itself is lower: 0.1% within 12 months. It rests on far more data about LAPIS than the profile alone.
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 5,831 companies, not a prediction for LAPIS. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.8 (4.28 in 2024), above the usual 1.5. Short-term debt is 14.7% and cash 57.6% of total assets. 14.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,788
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
14 days early
2023
65 days late
2022
24 days late
2021
57 days late
2020
73 days late
2019
76 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · 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 24 August (4 of the last 5 accounts filed within 42 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Triple B 100%equity €586,685 (2025) · 2025 annual accounts of Triple B
- Astrum 99.99%annual accounts 2016
- Astrum consolidatesannual accounts 2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417458306
1 director appointed, 1 resignation, 1 reappointment
Reappointment: Rinaldo Castelli (director) · Appointment: Werner Bogaerts (director) · Resignation: AXIS (director) · General meeting of 30-06-2023 · Gazette deed
First establishment
Autostrade 30, Londerzeel
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| LAPIS Londerzeel | €43,471 | -€5,619 | 85.3% | - |
| Belstone Oupeye | €34,036 | €4,474 | 97.5% | - |
| EDMO Kortenberg | €45,891 | €7,437 | -6.7% | - |
| GERALEX MAHAUX CONSTRUCT Floreffe | €17,671 | -€9,793 | -257.1% | - |
| KREA Mechelen | €91,964 | €10,540 | 43.8% | - |
| EGYBEL BELGIUM Bruges | €130,061 | €9,106 | 28.5% | - |
| FINITIONS DE STYLE Bassenge | €47,211 | €8,679 | 33.1% | - |
These companies have the same main activity as LAPIS: wholesale trade (NACE 46835). They are comparable in size and age: total assets between €17,700 and €130,000, founded between 2003 and 2010.
Official details
Source: KBO- Status
- Active since 31-05-1977Normal situation
- Activity
- Wholesale tradeNACE 46835and 1 other
- Establishment unit
- 2.031.017.1771840 Londerzeel, since 06-11-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2025
Annual accounts 2025
- Total assets
- €43,471▼ 24.0%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on LAPIS
LAPIS has existed since 1977. Turnover fell from €4.6m in 2016 to €137,732 in 2019 and staff from 13.7 to 1 full-time equivalents.
Solvency rose in 2025 from 76.6% to 85.3% because of lower debts.
Triple B holds all the shares. In November 2024, the Official Gazette published the appointment of Rinaldo CASTELLI as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LAPIS
- What is the company number of LAPIS?
- The company number of LAPIS is 0417.458.306. The VAT number is the same number with BE in front: BE 0417.458.306.
- Where is LAPIS based?
- The registered office is at Autostrade 30, 1840 Londerzeel.Company details
- What does LAPIS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46835).
- What is the legal form of LAPIS?
- LAPIS is a public limited company (NV).
- When was LAPIS founded?
- LAPIS was founded on 31-05-1977.
- Is LAPIS still active?
- Yes, LAPIS is an active enterprise in the KBO register.
- How many employees does LAPIS have?
- LAPIS had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of LAPIS?
- The annual accounts for financial year 2025 state no turnover. In financial year 2022 turnover was €6,892.
- Is LAPIS profitable?
- In financial year 2025, LAPIS made a loss of €6,788.
- Where can I find the annual accounts of LAPIS?
- LAPIS filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LAPIS due?
- LAPIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.