LARAL
ActiveSummary
LARAL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €6.1m and a net result of -€75,560. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 79% of 69 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability26▼-27
Solvency100=
Growth36=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410,000 at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.75 in 2025; short-term debt: 19.1% and cash: 7.5% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2026Solvency, return and age of the figures
Solvency
79.9%
Return on assets
-1%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
20212223242526
2020 to 2026 · latest year -€75,560
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 09-07-2026, 53 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
53 d early
2025
62 d early
2024
43 d early
2023
55 d early
2022
49 d early
2021
36 d early
2020
46 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 49 days before the deadline; the sector median for financial year 2024 is 9 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 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, full schema
In the rankings
#3 employer in Walloon Brabant, Head offices and management consultancy sector#7 company by equity in Nivelles, Professional and technical services sector#10 company by total assets in Nivelles, Professional and technical services sector
Turnover
€6.4m▲ 0.7%
2025 · €6.4m
EBIT margin
-0.4%▼ 7.7pp
2025 · 7.3%
Net result
-€75,560▲ 92.0%
2025 · -€945,559
Working capital
-€386,748▼ 22.7%
2025 · -€315,204
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€5.6m▲ 33.4%€5.8m▲ 2.9%€6.5m▲ 12.3%€6.4m▼ 1.1%€6.4m▲ 0.7%
Operating result€740,785▲ 566%€533,708▼ 28.0%€447,610▼ 16.1%€464,722▲ 3.8%-€27,828
Net result€530,310above the sector's middle half▲ 975%-€1.7mbelow the sector's middle half-€544,283below the sector's middle half▲ 67.5%-€945,559below the sector's middle half▼ 73.7%-€75,560▲ 92.0%
EBIT margin13.2%▲ 10.6pp9.3%▼ 4.0pp6.9%▼ 2.3pp7.3%▲ 0.3pp-0.4%▼ 7.7pp
Equity€9.4mabove the sector's middle half▲ 6.0%€7.7mabove the sector's middle half▼ 17.9%€7.2mabove the sector's middle half▼ 7.1%€6.2mabove the sector's middle half▼ 13.2%€6.1m▼ 1.2%
Total assets€11.5mabove the sector's middle half▲ 0.5%€9.8mabove the sector's middle half▼ 14.6%€8.6mabove the sector's middle half▼ 12.7%€7.6mwithin the sector's middle half▼ 11.5%€7.7m▲ 1.2%
Debt€2.1m▼ 18.3%€2.1m▼ 0.4%€1.4m▼ 33.3%€1.4m▼ 2.8%€1.5m▲ 12.1%
Working capital-€936,144▲ 6.2%-€635,139▲ 32.2%-€577,504▲ 9.1%-€315,204▲ 45.4%-€386,748▼ 22.7%
Solvency81.5%above the sector's middle half▲ 4.3pp78.4%above the sector's middle half▼ 3.1pp83.4%above the sector's middle half▲ 5.1pp81.8%above the sector's middle half▼ 1.6pp79.9%▼ 2.0pp
Staff (FTE)55.3above the sector's middle half▲ 4.3%54.2above the sector's middle half▼ 2.0%58.5above the sector's middle half▲ 7.9%54.3above the sector's middle half▼ 7.2%53.8▼ 0.9%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €27,828 after €464,722 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €7.7m
Fixed assets
€6.6m ▼ 0.6%
Current assets
€1.1m ▲ 13.7%
Equity and liabilities €7.7m
Equity
€6.1m ▼ 1.2%
Debt
€1.5m ▲ 12.1%
Debt's share of the balance-sheet total rises from 18.2% to 20.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€55,099▼
2025 · €542,631
Cash flow
€7,368▲
2025 · -€867,650
Current ratio
0.74▼
2025 · 0.75
Debt to equity
0.25▲
2025 · 0.22
ROE
-1.2%▲
2025 · -15.2%
ROA
-1.0%▲
2025 · -12.5%
Interest coverage
1.12▼
2025 · 7.63
Debt ≤ 1 year
€1.5m▲
2025 · €1.3m
Debt > 1 year
€76,531▼
2025 · €112,468
Income taxes
€22,212▼
2025 · €135,868
Staff costs
€3.3m▼
2025 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.7m | €5.9m | €6.8m | €6.7m | €6.7m | ▲ 0.5% |
| Turnover70 | €5.6m | €5.8m | €6.5m | €6.4m | €6.4m | ▲ 0.7% |
| Other operating income74 | €101,796 | €164,558 | €316,606 | €255,310 | €244,017 | ▼ 4.4% |
| Operating charges60/66A | €5.0m | €5.4m | €6.3m | €6.2m | €6.7m | ▲ 8.5% |
| Services and other goods61 | €1.8m | €2.1m | €2.5m | €2.6m | €2.8m | ▲ 8.0% |
| Remuneration, social security and pensions62 | €2.9m | €3.2m | €3.7m | €3.5m | €3.3m | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €143,126 | €71,322 | €74,351 | €77,910 | €82,927 | ▲ 6.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €92,006 | €34,998 | €38,820 | €47,689 | €42,068 | ▼ 11.8% |
| Non-recurring operating charges66A | €44,172 | €0 | - | - | €528,180 | - |
| Operating profit (loss)9901 | €740,785 | €533,708 | €447,610 | €464,722 | -€27,828 | ▼ 106% |
| Financial income75/76B | €1,164 | €6,840 | €2,985 | €273 | €5.1m | ▲ 1,877,677% |
| Recurring financial income75 | €1,164 | €6,840 | €2,985 | €273 | €1,479 | ▲ 442% |
| Income from current assets751 | €1,164 | €6,840 | €2,177 | €214 | €249 | ▲ 16.3% |
| Other financial income752/9 | €0 | €0 | €808 | €59 | €1,231 | ▲ 1,980% |
| Non-recurring financial income76B | - | - | - | - | €5.1m | - |
| Financial charges65/66B | €45,859 | €2.0m | €853,731 | €1.3m | €5.2m | ▲ 304% |
| Recurring financial charges65 | €45,859 | €50,799 | €53,731 | €74,686 | €53,284 | ▼ 28.7% |
| Debt charges650 | €41,856 | €47,753 | €49,461 | €71,135 | €49,153 | ▼ 30.9% |
| Other financial charges652/9 | €4,003 | €3,046 | €4,270 | €3,552 | €4,131 | ▲ 16.3% |
| Non-recurring financial charges66B | - | €2.0m | €800,000 | €1.2m | €5.1m | ▲ 325% |
| Profit (loss) for the period before taxes9903 | €696,090 | -€1.5m | -€403,136 | -€809,692 | -€53,348 | ▲ 93.4% |
| Income taxes67/77 | €165,780 | €165,022 | €141,147 | €135,868 | €22,212 | ▼ 83.7% |
| Taxes670/3 | €165,780 | €165,022 | €141,147 | €135,868 | €22,212 | ▼ 83.7% |
| Profit (loss) for the period9904 | €530,310 | -€1.7m | -€544,283 | -€945,559 | -€75,560 | ▲ 92.0% |
| Transfer from tax-exempt reserves789 | €212,053 | €0 | - | - | - | - |
| Transfer to tax-exempt reserves689 | €48,182 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €694,181 | -€1.7m | -€544,283 | -€945,559 | -€75,560 | ▲ 92.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.5m | €9.8m | €8.6m | €7.6m | €7.7m | ▲ 1.2% |
| Fixed assets21/28 | €10.6m | €8.5m | €7.9m | €6.6m | €6.6m | ▼ 0.6% |
| Intangible fixed assets21 | €6,683 | €4,300 | €2,048 | €0 | €16,780 | - |
| Tangible fixed assets22/27 | €152,335 | €155,318 | €361,717 | €312,294 | €255,561 | ▼ 18.2% |
| Plant, machinery and equipment23 | €41,613 | €63,446 | €218,557 | €194,358 | €170,160 | ▼ 12.5% |
| Furniture and vehicles24 | €90,359 | €51,035 | €84,763 | €60,912 | €26,703 | ▼ 56.2% |
| Other tangible fixed assets26 | €20,364 | €24,838 | €50,547 | €57,023 | €58,698 | ▲ 2.9% |
| Assets under construction and advance payments27 | - | €16,000 | €7,850 | €0 | - | - |
| Financial fixed assets28 | €10.4m | €8.3m | €7.5m | €6.3m | €6.3m | = |
| Affiliated companies280/1 | €10.4m | €8.3m | €7.5m | €6.3m | €6.3m | = |
| Participating interests280 | €10.3m | €8.3m | €7.5m | €6.3m | €6.3m | = |
| Amounts receivable281 | €90,838 | €0 | - | - | - | - |
| Current assets29/58 | €933,164 | €1.3m | €685,272 | €951,979 | €1.1m | ▲ 13.7% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €581,899 | €623,544 | €322,752 | €436,777 | €432,417 | ▼ 1.0% |
| Trade receivables40 | €1,041 | €74,932 | €277,571 | €313,427 | €243,336 | ▼ 22.4% |
| Other amounts receivable41 | €580,859 | €548,612 | €45,181 | €123,350 | €189,081 | ▲ 53.3% |
| Cash at bank and in hand54/58 | €306,978 | €648,545 | €305,562 | €367,436 | €576,407 | ▲ 56.9% |
| Deferred charges and accrued income490/1 | €44,287 | €68,551 | €56,958 | €147,766 | €73,814 | ▼ 50.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.5m | €9.8m | €8.6m | €7.6m | €7.7m | ▲ 1.2% |
| Equity10/15 | €9.4m | €7.7m | €7.2m | €6.2m | €6.1m | ▼ 1.2% |
| Contributions10/11 | €7.2m | €7.2m | €7.2m | €7.2m | €7.2m | = |
| Capital10 | €7.2m | €7.2m | €7.2m | €7.2m | €7.2m | = |
| Issued capital100 | €7.2m | €7.2m | €7.2m | €7.2m | €7.2m | = |
| Reserves13 | €633,709 | €633,709 | €633,709 | €633,709 | €633,709 | = |
| Non-distributable reserves130/1 | €162,551 | €162,551 | €162,551 | €162,551 | €162,551 | = |
| Legal reserve130 | €162,551 | €162,551 | €162,551 | €162,551 | €162,551 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €471,158 | €471,158 | €471,158 | €471,158 | €471,158 | = |
| Profit (loss) carried forward14 | €1.6m | -€88,712 | -€632,995 | -€1.6m | -€1.7m | ▼ 4.8% |
| Amounts payable17/49 | €2.1m | €2.1m | €1.4m | €1.4m | €1.5m | ▲ 12.1% |
| Amounts payable after more than one year17 | €263,976 | €128,674 | €148,580 | €112,468 | €76,531 | ▼ 32.0% |
| Financial debts170/4 | €11,408 | €6,544 | €148,580 | €112,468 | €76,531 | ▼ 32.0% |
| Credit institutions173 | €11,408 | €6,544 | €148,580 | €112,468 | €76,531 | ▼ 32.0% |
| Other amounts payable178/9 | €252,568 | €122,130 | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.9m | €2.0m | €1.3m | €1.3m | €1.5m | ▲ 16.0% |
| Current portion of amounts payable after more than one year42 | €29,546 | €4,864 | €37,963 | €36,112 | €35,937 | ▼ 0.5% |
| Financial debts43 | €0 | €195,469 | €234,812 | €220,488 | €458,239 | ▲ 108% |
| Credit institutions430/8 | €0 | €195,469 | €234,812 | €220,488 | €458,239 | ▲ 108% |
| Trade debts44 | €104,282 | €192,891 | €262,256 | €412,543 | €181,001 | ▼ 56.1% |
| Suppliers440/4 | €104,282 | €192,891 | €262,256 | €412,543 | €181,001 | ▼ 56.1% |
| Taxes, remuneration and social security45 | €631,114 | €662,026 | €506,491 | €560,855 | €794,209 | ▲ 41.6% |
| Taxes450/3 | €102,376 | €133,384 | €49,948 | €38,912 | €78,631 | ▲ 102% |
| Remuneration and social security454/9 | €528,738 | €528,642 | €456,544 | €521,943 | €715,578 | ▲ 37.1% |
| Other amounts payable47/48 | €1.1m | €920,527 | €221,253 | €37,185 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0 | €21,342 | €7,500 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €530,310 | -€1.7m | -€544,283 | -€945,559 | -€75,560 | ▲ 92.0% |
| + Depreciation and write-downs630 | €143,126 | €71,322 | €74,351 | €77,910 | €82,927 | ▲ 6.4% |
| Operating cash flow (approximation) | €673,436 | -€1.6m | -€469,932 | -€867,650 | €7,368 | ▲ 101% |
| Investment in fixed assets (approximation) | - | €2.0m | €521,502 | €1.2m | -€42,974 | ▼ 104% |
| Change in cash | - | €341,567 | -€342,982 | €61,873 | €208,971 | ▲ 238% |
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 2027, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-01
Financial
Weakest financial yearnet -€1.7m
Net result drops to -€1.7m, the lowest in the series; recovery starts the following year.
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-01
Financial
Highest result since 2020net €530,310 ▲975%
Operating result €740,785, net result €530,310, both a record.
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Nivelles · 1 establishment unit since 2019
Ground area
2.2 ha
Building footprint
1,669 m²
Parcel 25099D0012/00V011, Wallonia. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Avenue Thomas Edison 111, 1402 Nivelles
since 20192.294.156.007
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0012/00V011 | Wallonia | 2.2 ha | 1 · 1,669 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.
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- ARGOPAL
- LARAL
Highest known parent: ARGOPAL. The sources do not say who stands above it.
Owners 1
- ARGOPALparent100%
Holdings 2
-
99.33%
-
94.78%
According to the annual accounts to 31-01-2026 of LARAL 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNivelles2.294.156.007
Legal Entity Identifier
8755003F77VHGDU6V892
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Identification & contact
Identification
Legal formPublic limited company
Founded01-07-2019
Fiscal year end31-01
Activities, NACEBEL 2025
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729584015
Also
9925:BE0729584015
Registered
21-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.