LARAGRO
ActiveSummary
LARAGRO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200,009 and a net result of €18,179. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 35% of 231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+17
Solvency53▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.87 against 0.59 in 2024; short-term debt: 0.7% and cash: 1.7% of total assets), but 71.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.5%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €200,009
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
69 d early
2023
40 d early
2022
46 d early
2021
3 d early
2020
60 d early
2019
24 d early
← 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 36 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18,179▲ 224%
2024 · €5,612
Working capital
€14,194
2024 · -€3,419
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€56,203▼ 28.8%-€86,105-€9,798▲ 88.6%€33,479€35,790▲ 6.9%
Net result€49,518▼ 29.2%-€91,908-€37,897▲ 58.8%€5,612€18,179▲ 224%
Equity€306,024▲ 19.3%€214,116▼ 30.0%€176,219▼ 17.7%€181,831▲ 3.2%€200,009▲ 10.0%
Total assets€1.0m▼ 10.1%€982,640▼ 4.8%€854,053▼ 13.1%€772,014▼ 9.6%€702,222▼ 9.0%
Debt€726,544▼ 18.5%€768,525▲ 5.8%€677,834▼ 11.8%€590,183▼ 12.9%€502,213▼ 14.9%
Working capital€88,679▼ 3.7%-€197,660-€2,256▲ 98.9%-€3,419▼ 51.5%€14,194
Staff (FTE)0
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €702,222
Fixed assets
€683,083 ▼ 11.0%
Current assets
€19,139 ▲ 289%
Equity and liabilities €702,222
Equity
€200,009 ▲ 10.0%
Debt
€502,213 ▼ 14.9%
Debt's share of the balance-sheet total falls from 76.4% to 71.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119,801▲
2024 · €117,876
Cash flow
€102,189▲
2024 · €90,009
Current ratio
3.87▲
2024 · 0.59
Debt to equity
2.51▼
2024 · 3.25
ROE
9.1%▲
2024 · 3.1%
ROA
2.6%▲
2024 · 0.7%
Interest coverage
6.80▲
2024 · 4.23
Debt ≤ 1 year
€4,945▼
2024 · €8,339
Debt > 1 year
€497,268▼
2024 · €581,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,109 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €116,209 | €114,344 | €122,240 | €84,397 | €84,010 | ▼ 0.5% |
| Other operating charges640/8 | €5,763 | €5,566 | €3,875 | €5,939 | €8,332 | ▲ 40.3% |
| Gross operating margin9900 | €178,174 | €33,805 | €116,317 | €123,815 | €128,133 | ▲ 3.5% |
| Operating profit (loss)9901 | €56,203 | -€86,105 | -€9,798 | €33,479 | €35,790 | ▲ 6.9% |
| Financial charges65/66B | €6,684 | €5,803 | €28,100 | €27,867 | €17,612 | ▼ 36.8% |
| Recurring financial charges65 | €6,684 | €5,803 | €28,100 | €27,867 | €17,612 | ▼ 36.8% |
| Profit (loss) for the period before taxes9903 | €49,518 | -€91,908 | -€37,897 | €5,612 | €18,179 | ▲ 224% |
| Profit (loss) for the period9904 | €49,518 | -€91,908 | -€37,897 | €5,612 | €18,179 | ▲ 224% |
| Profit (loss) for the period to be appropriated9905 | €49,518 | -€91,908 | -€37,897 | €5,612 | €18,179 | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €982,640 | €854,053 | €772,014 | €702,222 | ▼ 9.0% |
| Fixed assets21/28 | €892,155 | €973,731 | €851,491 | €767,094 | €683,083 | ▼ 11.0% |
| Intangible fixed assets21 | €25,865 | €25,865 | €25,865 | €25,865 | €25,865 | = |
| Tangible fixed assets22/27 | €866,290 | €947,866 | €825,626 | €741,229 | €657,218 | ▼ 11.3% |
| Land and buildings22 | €774,219 | €712,827 | €651,434 | €590,041 | €528,649 | ▼ 10.4% |
| Plant, machinery and equipment23 | €92,071 | €235,039 | €174,192 | €151,187 | €128,569 | ▼ 15.0% |
| Current assets29/58 | €140,412 | €8,910 | €2,562 | €4,920 | €19,139 | ▲ 289% |
| Amounts receivable within one year40/41 | €121,164 | €3,933 | - | €1,238 | €5,377 | ▲ 334% |
| Trade receivables40 | €121,164 | €3,933 | - | €1,238 | €5,377 | ▲ 334% |
| Cash at bank and in hand54/58 | €17,085 | €3,552 | €1,103 | €2,135 | €12,172 | ▲ 470% |
| Deferred charges and accrued income490/1 | €2,163 | €1,425 | €1,459 | €1,547 | €1,590 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €982,640 | €854,053 | €772,014 | €702,222 | ▼ 9.0% |
| Equity10/15 | €306,024 | €214,116 | €176,219 | €181,831 | €200,009 | ▲ 10.0% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Revaluation surpluses12 | €439,406 | €378,509 | €317,611 | €291,551 | €265,490 | ▼ 8.9% |
| Reserves13 | €182,693 | €243,590 | €304,488 | €330,548 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €182,693 | €243,590 | €304,488 | - | - | - |
| Other1319 | €182,693 | €243,590 | €304,488 | - | - | - |
| Distributable reserves133 | - | - | - | €330,548 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€378,048 | -€469,956 | -€507,854 | -€502,241 | -€127,454 | ▲ 74.6% |
| Amounts payable17/49 | €726,544 | €768,525 | €677,834 | €590,183 | €502,213 | ▼ 14.9% |
| Amounts payable after more than one year17 | €601,281 | €561,955 | €673,016 | €581,844 | €497,268 | ▼ 14.5% |
| Other amounts payable178/9 | €601,281 | €561,955 | €673,016 | €581,844 | €497,268 | ▼ 14.5% |
| Amounts payable within one year42/48 | €51,733 | €206,570 | €4,819 | €8,339 | €4,945 | ▼ 40.7% |
| Trade debts44 | €34,920 | €206,208 | - | €3,719 | €0 | ▼ 100% |
| Suppliers440/4 | €34,920 | €206,208 | - | €3,719 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €16,813 | €362 | €4,819 | €4,620 | €4,945 | ▲ 7.0% |
| Taxes450/3 | €16,813 | €362 | €4,819 | €4,620 | €4,945 | ▲ 7.0% |
| Accrued charges and deferred income492/3 | €73,530 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,518 | -€91,908 | -€37,897 | €5,612 | €18,179 | ▲ 224% |
| + Depreciation and write-downs630 | €116,209 | €114,344 | €122,240 | €84,397 | €84,010 | ▼ 0.5% |
| Operating cash flow (approximation) | €165,727 | €22,436 | €84,343 | €90,009 | €102,189 | ▲ 13.5% |
| Investment in fixed assets (approximation) | - | -€195,919 | €0 | €0 | €0 | - |
| Change in cash | - | -€13,533 | -€2,449 | €1,032 | €10,037 | ▲ 872% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 7current ratio 3.87
Current ratio from 0.59 to 3.87; short-term debt falls from €8,339 to €4,945.
31-12
Financial
Equity above €200,000Eq €200,009 ▲10%
2 profitable years in a row build equity to €200,009.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €5,612
Net result €5,612 after 2 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€91,908
Net result drops to -€91,908, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €256,506 ▲37.5%
3 profitable years in a row build equity to €256,506.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €72,008 ▲202%
Operating result €81,993, net result €72,008, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.30
Current ratio from 0.64 to 2.30; short-term debt falls from €209,391 to €65,469.
31-12
Financial
Equity above €150,000Eq €186,569 ▲62.9%
2 profitable years in a row build equity to €186,569.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Maldegem · 1 establishment unit since 1997
Ground area
4,031 m²
Building footprint
408 m²
Volume, LiDAR
2,005 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Laragro
since 19972.081.275.847
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0717/00B000 | Flanders | 2,591 m² | 1 · 232 m² | 8.9 m · 2 fl. |
| 43010C0719/00H000 | Flanders | 1,440 m² | 1 · 176 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- VEEVOEDERS A. LAROY
- LARAGRO
Highest known parent: VEEVOEDERS A. LAROY. The sources do not say who stands above it.
Owners 1
-
99.6%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of LARAGRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 279 companies in sector 38330 we hold annual accounts for 240. 141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
38230Waste collection, recovery and disposal activities
38320Waste collection, recovery and disposal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456920874
Registered
06-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.