LAPSI
ActiveSummary
LAPSI has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232k and a net result of €-15k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 36% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▼-19
Solvency46▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 3.08 in 2023; short-term debt: 13.4% and cash: 3.2% of total assets), and 78.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.2%
Return on assets
-1.4%
Age of the figures
21 mo
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
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-15k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
8 d early
2022
31 d late
2021
25 d late
2020
20 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€232k▼ 11.2%
2023 · €261k
2018: €259k
2019: €273k▲ +5.5% vs 2018
2020: €281k▲ +3.2% vs 2019highest in 7 years
2021: €277k▼ -1.5% vs 2020
2022: €271k▼ -2.1% vs 2021
2023: €261k▼ -3.9% vs 2022
2024: €232k▼ -11.2% vs 2023lowest in 7 years
2018 → 2024
Total assets
€1.09M▲ 111%
2023 · €518k
2018: €650k
2019: €618k▼ -4.9% vs 2018
2020: €606k▼ -1.9% vs 2019
2021: €587k▼ -3.1% vs 2020
2022: €587k● -0.0% vs 2021
2023: €518k▼ -11.7% vs 2022lowest in 7 years
2024: €1.09M▲ +111% vs 2023highest in 7 years
2018 → 2024
Net result
€-15k▼ 303%
2023 · €-4k
2018: €7k
2019: €14k▲ +107% vs 2018highest in 7 years
2020: €9k▼ -38.0% vs 2019
2021: €-4k▼ -147% vs 2020
2022: €11k▲ +371% vs 2021
2023: €-4k▼ -134% vs 2022
2024: €-15k▼ -303% vs 2023lowest in 7 years
2018 → 2024
Working capital
€61k▼ 60.4%
2023 · €153k
2018: €108k
2019: €109k▲ +0.8% vs 2018
2020: €163k▲ +50.1% vs 2019
2021: €170k▲ +4.4% vs 2020highest in 7 years
2022: €150k▼ -12.0% vs 2021
2023: €153k▲ +2.1% vs 2022
2024: €61k▼ -60.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€281k-€277k▼ 1.5%€271k▼ 2.1%€261k▼ 3.9%€232k▼ 11.2%
2020: €281khighest in 5 years
2021: €277k▼ -1.5% vs 2020
2022: €271k▼ -2.1% vs 2021
2023: €261k▼ -3.9% vs 2022
2024: €232k▼ -11.2% vs 2023lowest in 5 years
Operating result€24k-€9k▼ 61.1%€27k▲ 186%€8k▼ 68.8%€4k▼ 50.5%
2020: €24k
2021: €9k▼ -61.1% vs 2020
2022: €27k▲ +186% vs 2021highest in 5 years
2023: €8k▼ -68.8% vs 2022
2024: €4k▼ -50.5% vs 2023lowest in 5 years
Net result€9k-€-4k€11k€-4k€-15k▼ 303%
2020: €9k
2021: €-4k▼ -147% vs 2020
2022: €11k▲ +371% vs 2021highest in 5 years
2023: €-4k▼ -134% vs 2022
2024: €-15k▼ -303% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 51% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.09M
Fixed assets
€885k ▲ 204%
Current assets
€207k ▼ 8.9%
Equity and liabilities €1.09M
Equity
€232k ▼ 11.2%
Debt
€860k ▲ 234%
Debt's share of the balance-sheet total rises from 49.7% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33k▼
2023 · €44k
Cash flow
€14k▼
2023 · €32k
Current ratio
1.42▼
2023 · 3.08
Quick ratio
1.41▼
2023 · 3.08
Debt to equity
3.71▲
2023 · 0.99
ROE
-6.6%▼
2023 · -1.5%
ROA
-1.4%▼
2023 · -0.7%
Interest coverage
1.70▼
2023 · 3.89
Debt ≤ 1 year
€146k▲
2023 · €74k
Debt > 1 year
€714k▲
2023 · €183k
Income taxes
€141▼
2023 · €817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€518k€1.09M▲
Fixed assets21/28€291k€885k▲
Tangible fixed assets22/27€291k€885k▲
Land and buildings22€273k€862k▲
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€11k€17k▲
Current assets29/58€227k€207k▼
Stocks and contracts in progress3€247€234▼
Stocks30/36€247€234▼
Amounts receivable within one year40/41€166k€167k▲
Trade receivables40€4k€2k▼
Other amounts receivable41€162k€165k▲
Current investments50/53€5-
Cash at bank and in hand54/58€56k€35k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€518k€1.09M▲
Equity10/15€261k€232k▼
Contributions10/11€6k€6k=
Reserves13€35k€21k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€33k€20k▼
Profit (loss) carried forward14€219k€204k▼
Amounts payable17/49€257k€860k▲
Amounts payable after more than one year17€183k€714k▲
Financial debts170/4€179k€712k▲
Other amounts payable178/9€4k€2k▼
Amounts payable within one year42/48€74k€146k▲
Current portion of amounts payable after more than one year42€26k€57k▲
Trade debts44€16k€3k▼
Suppliers440/4€16k€3k▼
Taxes, remuneration and social security45€16k€17k▲
Taxes450/3€16k€17k▲
Other amounts payable47/48€17k€69k▲
Accrued charges and deferred income492/3€912-
Income statement
Code20232024
Remuneration, social security and pensions62€36-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€29k▼
Other operating charges640/8€4k€85k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€52k€118k▲
Operating profit (loss)9901€8k€4k▼
Financial income75/76B€3€167▲
Recurring financial income75€3€167▲
Financial charges65/66B€11k€19k▲
Recurring financial charges65€11k€19k▲
Profit (loss) for the period before taxes9903€-3k€-15k▼
Income taxes67/77€817€141▼
Profit (loss) for the period9904€-4k€-15k▼
Profit (loss) for the period to be appropriated9905€-4k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€219k€204k▼
Profit (loss) brought forward from the previous period14P€223k€219k▼
Transfer from equity791/2€7k€14k▲
Profit to be distributed694/7€7k€14k▲
Return on contributions (dividend)694€7k€14k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €160 | €36 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €37k | €35k | €36k | €29k | ▼ 19.0% |
| Other operating charges640/8 | - | €8k | €3k | €4k | €85k | ▲ 2,002% |
| Non-recurring operating charges66A | - | - | €767 | €4k | - | - |
| Gross operating margin9900 | €63k | €55k | €65k | €52k | €118k | ▲ 127% |
| Operating profit (loss)9901 | €24k | €9k | €27k | €8k | €4k | ▼ 50.5% |
| Financial income75/76B | - | €0 | €3k | €3 | €167 | ▲ 5,508% |
| Recurring financial income75 | €4 | €0 | €3k | €3 | €167 | ▲ 5,508% |
| Financial charges65/66B | - | €13k | €12k | €11k | €19k | ▲ 71.9% |
| Recurring financial charges65 | €14k | €13k | €12k | €11k | €19k | ▲ 71.9% |
| Profit (loss) for the period before taxes9903 | €10k | €-4k | €17k | €-3k | €-15k | ▼ 408% |
| Income taxes67/77 | €1k | €146 | €6k | €817 | €141 | ▼ 82.7% |
| Profit (loss) for the period9904 | €9k | €-4k | €11k | €-4k | €-15k | ▼ 303% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-4k | €11k | €-4k | €-15k | ▼ 303% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €606k | €587k | €587k | €518k | €1.09M | ▲ 111% |
| Fixed assets21/28 | €374k | €340k | €331k | €291k | €885k | ▲ 204% |
| Tangible fixed assets22/27 | €374k | €340k | €331k | €291k | €885k | ▲ 204% |
| Land and buildings22 | - | €323k | €301k | €273k | €862k | ▲ 215% |
| Plant, machinery and equipment23 | - | €6k | €10k | €7k | €7k | ▼ 10.8% |
| Furniture and vehicles24 | - | €11k | €20k | €11k | €17k | ▲ 60.6% |
| Current assets29/58 | €232k | €247k | €256k | €227k | €207k | ▼ 8.9% |
| Stocks and contracts in progress3 | - | - | €220 | €247 | €234 | ▼ 5.5% |
| Stocks30/36 | - | - | €220 | €247 | €234 | ▼ 5.5% |
| Amounts receivable within one year40/41 | €213k | €234k | €241k | €166k | €167k | ▲ 0.5% |
| Trade receivables40 | - | €64k | €62k | €4k | €2k | ▼ 47.2% |
| Other amounts receivable41 | - | €170k | €179k | €162k | €165k | ▲ 1.8% |
| Current investments50/53 | €5 | €5 | €5 | €5 | - | - |
| Cash at bank and in hand54/58 | €17k | €9k | €12k | €56k | €35k | ▼ 36.5% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €4k | €4k | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €606k | €587k | €587k | €518k | €1.09M | ▲ 111% |
| Equity10/15 | €281k | €277k | €271k | €261k | €232k | ▼ 11.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €48k | €48k | €42k | €35k | €21k | ▼ 39.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €46k | €40k | €33k | €20k | ▼ 41.3% |
| Profit (loss) carried forward14 | €227k | €223k | €223k | €219k | €204k | ▼ 7.0% |
| Amounts payable17/49 | €325k | €310k | €315k | €257k | €860k | ▲ 234% |
| Amounts payable after more than one year17 | €255k | €233k | €208k | €183k | €714k | ▲ 291% |
| Financial debts170/4 | - | €230k | €205k | €179k | €712k | ▲ 297% |
| Other amounts payable178/9 | - | €3k | €4k | €4k | €2k | ▼ 37.1% |
| Amounts payable within one year42/48 | €69k | €77k | €106k | €74k | €146k | ▲ 98.4% |
| Current portion of amounts payable after more than one year42 | - | €35k | €26k | €26k | €57k | ▲ 124% |
| Financial debts43 | - | - | €291 | - | - | - |
| Credit institutions430/8 | - | - | €291 | - | - | - |
| Trade debts44 | €22k | €20k | €23k | €16k | €3k | ▼ 81.2% |
| Suppliers440/4 | - | €20k | €23k | €16k | €3k | ▼ 81.2% |
| Taxes, remuneration and social security45 | - | €11k | €16k | €16k | €17k | ▲ 8.1% |
| Taxes450/3 | - | €11k | €16k | €16k | €17k | ▲ 8.1% |
| Other amounts payable47/48 | - | €11k | €41k | €17k | €69k | ▲ 314% |
| Accrued charges and deferred income492/3 | - | - | €650 | €912 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-4k | €11k | €-4k | €-15k | ▼ 303% |
| + Depreciation and write-downs630 | €36k | €37k | €35k | €36k | €29k | ▼ 19.0% |
| Operating cash flow (approximation) | €44k | €33k | €46k | €32k | €14k | ▼ 57.3% |
| Investment in fixed assets (approximation) | - | €-3k | €-26k | €4k | €-623k | ▼ 17,772% |
| Change in cash | - | €-8k | €3k | €44k | €-20k | ▼ 147% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €14k ▲107%
Operating result €34k, net result €14k, both a record.
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 56 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mouscron · 1 establishment unit since 2009
Ground area
407 m²
Building footprint
119 m²
Parcel 54435G0646/00S000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LAPSI
since 20092.176.623.580
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54435G0646/00S000 | Wallonia | 407 m² | 1 · 119 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600919SR88LUEAG65
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Of 6,149 companies in sector 46190 we hold annual accounts for 2,570. 1,811 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
56220Contract catering and other food service activities
Contact
E-mail
denis.devos@skynet.be
Scores and ratios are computed by Checked and are not a credit decision.