LARECO
ActiveSummary
LARECO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €539,310. Equity is growing by ~17.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency93▲+8
Growth76▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 2.79 against 2.32 in 2023; short-term debt: 31.9% and cash: 52.5% of total assets), and 32.3% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
67.7%
Return on assets
23.4%
Age of the figures
21 mo
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
49 d early
2023
64 d early
2022
47 d early
2021
48 d early
2020
60 d early
2019
49 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 51 days before the deadline; the sector median for financial year 2024 is 13 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. Usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 company by equity in Marche-en-Famenne, Professional and technical services sector#8 employer in the province of Luxembourg, Professional and technical services sector#9 oldest company in Marche-en-Famenne, Professional and technical services sector
Turnover
€3.2m▲ 13.6%
2023 · €2.8m
EBIT margin
22.8%▼ 4.9pp
2023 · 27.8%
Net result
€539,310▼ 4.8%
2023 · €566,333
Working capital
€1.3m▲ 11.5%
2023 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 72, Scientific research and development, 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
Line20202021202220232024
Turnover€2.0m▲ 7.5%€2.2m▲ 11.1%€2.4m▲ 8.6%€2.8m▲ 16.8%€3.2m▲ 13.6%
Operating result€361,613▲ 22.6%€481,769▲ 33.2%€600,133▲ 24.6%€774,382▲ 29.0%€723,406▼ 6.6%
Net result€257,072above the sector's middle half▲ 23.9%€356,271above the sector's middle half▲ 38.6%€439,098above the sector's middle half▲ 23.2%€566,333above the sector's middle half▲ 29.0%€539,310above the sector's middle half▼ 4.8%
EBIT margin18.3%▲ 2.2pp21.9%▲ 3.6pp25.1%▲ 3.2pp27.8%▲ 2.6pp22.8%▼ 4.9pp
Equity€786,706within the sector's middle half▲ 15.7%€942,977within the sector's middle half▲ 19.9%€1.1mwithin the sector's middle half▲ 17.4%€1.3mwithin the sector's middle half▲ 21.8%€1.6mwithin the sector's middle half▲ 15.9%
Total assets€1.2mwithin the sector's middle half▲ 4.1%€1.5mwithin the sector's middle half▲ 16.7%€1.8mwithin the sector's middle half▲ 24.2%€2.3mwithin the sector's middle half▲ 25.1%€2.3mwithin the sector's middle half▲ 2.2%
Debt€457,643▼ 11.1%€508,997▲ 11.2%€695,934▲ 36.7%€907,886▲ 30.5%€744,259▼ 18.0%
Working capital€573,294within the sector's middle half▲ 32.1%€761,747within the sector's middle half▲ 32.9%€952,090within the sector's middle half▲ 25.0%€1.2mwithin the sector's middle half▲ 24.3%€1.3mwithin the sector's middle half▲ 11.5%
Solvency63.2%within the sector's middle half▲ 6.3pp64.9%within the sector's middle half▲ 1.7pp61.4%within the sector's middle half▼ 3.5pp59.8%within the sector's middle half▼ 1.6pp67.7%within the sector's middle half▲ 8.0pp
Current ratio2.33within the sector's middle half▲ 0.382.51within the sector's middle half▲ 0.172.40within the sector's middle half▼ 0.102.32within the sector's middle half▼ 0.082.79within the sector's middle half▲ 0.47
Return on assets (ROA)20.7%above the sector's middle half▲ 3.3pp24.5%above the sector's middle half▲ 3.9pp24.4%above the sector's middle half▼ 0.2pp25.1%above the sector's middle half▲ 0.7pp23.4%above the sector's middle half▼ 1.7pp
Staff (FTE)15.4within the sector's middle half=15.7within the sector's middle half▲ 1.9%15.4within the sector's middle half▼ 1.9%17.2within the sector's middle half▲ 11.7%20.4within the sector's middle half▲ 18.6%
above
within
below
the middle half (P25 to P75) of NACE 72, Scientific research and development, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€250,479 ▲ 41.5%
Current assets
€2.1m ▼ 1.1%
Equity and liabilities €2.3m
Equity
€1.6m ▲ 15.9%
Debt
€744,259 ▼ 18.0%
Debt's share of the balance-sheet total falls from 40.2% to 32.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€782,433▼
2023 · €839,068
Cash flow
€598,337▼
2023 · €631,018
Debt to equity
0.48▼
2023 · 0.67
ROE
34.5%▼
2023 · 42.0%
Interest coverage
2985.13▼
2023 · 3010.54
Debt ≤ 1 year
€736,824▼
2023 · €895,430
Debt > 1 year
€7,435▼
2023 · €12,456
Income taxes
€190,197▼
2023 · €206,891
Staff costs
€994,903▲
2023 · €925,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €2.2m | €2.4m | €2.8m | €3.2m | ▲ 13.3% |
| Turnover70 | €2.0m | €2.2m | €2.4m | €2.8m | €3.2m | ▲ 13.6% |
| Other operating income74 | - | €15,311 | €454 | €9,369 | €1,600 | ▼ 82.9% |
| Operating charges60/66A | - | €1.7m | €1.8m | €2.0m | €2.4m | ▲ 20.9% |
| Goods for resale, raw materials and consumables60 | - | €160,075 | €194,874 | €213,674 | €377,678 | ▲ 76.8% |
| Purchases600/8 | - | €160,075 | €194,874 | €213,674 | €377,678 | ▲ 76.8% |
| Services and other goods61 | - | €654,461 | €700,306 | €798,039 | €952,256 | ▲ 19.3% |
| Remuneration, social security and pensions62 | - | €796,091 | €803,419 | €925,095 | €994,903 | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,179 | €77,189 | €62,496 | €64,686 | €59,027 | ▼ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €10,009 | €0 | - | -€8,353 | - |
| Other operating charges640/8 | - | €22,226 | €26,762 | €22,609 | €72,195 | ▲ 219% |
| Non-recurring operating charges66A | - | €12,501 | €0 | - | - | - |
| Operating profit (loss)9901 | €361,613 | €481,769 | €600,133 | €774,382 | €723,406 | ▼ 6.6% |
| Financial income75/76B | - | €22 | €89 | €0 | €6,519 | - |
| Recurring financial income75 | €1,590 | €22 | €89 | €0 | €6,519 | - |
| Income from current assets751 | - | €0 | - | - | - | - |
| Other financial income752/9 | - | €22 | €89 | €0 | €6,519 | - |
| Financial charges65/66B | - | €1,618 | €2,265 | €1,159 | €419 | ▼ 63.9% |
| Recurring financial charges65 | €17,656 | €1,618 | €2,265 | €1,159 | €419 | ▼ 63.9% |
| Debt charges650 | €2,617 | €570 | €919 | €279 | €262 | ▼ 6.0% |
| Other financial charges652/9 | - | €1,047 | €1,346 | €880 | €157 | ▼ 82.2% |
| Profit (loss) for the period before taxes9903 | €345,547 | €480,174 | €597,957 | €773,223 | €729,507 | ▼ 5.7% |
| Transfer from deferred taxes780 | - | €0 | - | - | - | - |
| Income taxes67/77 | €88,717 | €123,903 | €158,859 | €206,891 | €190,197 | ▼ 8.1% |
| Taxes670/3 | - | €123,903 | €158,859 | €206,891 | €190,197 | ▼ 8.1% |
| Profit (loss) for the period9904 | €257,072 | €356,271 | €439,098 | €566,333 | €539,310 | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €257,072 | €356,271 | €439,098 | €566,333 | €539,310 | ▼ 4.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.5m | €1.8m | €2.3m | €2.3m | ▲ 2.2% |
| Fixed assets21/28 | €241,276 | €185,070 | €172,373 | €177,050 | €250,479 | ▲ 41.5% |
| Tangible fixed assets22/27 | €233,557 | €174,651 | €164,714 | €167,771 | €241,200 | ▲ 43.8% |
| Land and buildings22 | - | €82,611 | €65,755 | €48,899 | €38,959 | ▼ 20.3% |
| Plant, machinery and equipment23 | - | €42,237 | €52,766 | €95,485 | €170,026 | ▲ 78.1% |
| Furniture and vehicles24 | - | €12,085 | €9,072 | €6,059 | €20,364 | ▲ 236% |
| Leasing and similar rights25 | - | €37,718 | €37,121 | €17,328 | €11,851 | ▼ 31.6% |
| Financial fixed assets28 | €7,719 | €10,419 | €7,659 | €9,279 | €9,279 | = |
| Other financial fixed assets284/8 | - | €10,419 | €7,659 | €9,279 | €9,279 | = |
| Amounts receivable and cash guarantees285/8 | - | €10,419 | €7,659 | €9,279 | €9,279 | = |
| Current assets29/58 | €1.0m | €1.3m | €1.6m | €2.1m | €2.1m | ▼ 1.1% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €471,830 | €587,316 | €820,230 | €1.0m | €841,419 | ▼ 17.0% |
| Trade receivables40 | - | €584,661 | €820,228 | €1.0m | €831,630 | ▼ 18.0% |
| Other amounts receivable41 | - | €2,655 | €2 | €0 | €9,789 | - |
| Cash at bank and in hand54/58 | €526,296 | €674,416 | €805,389 | €1.1m | €1.2m | ▲ 14.1% |
| Deferred charges and accrued income490/1 | - | €5,172 | €5,018 | €4,287 | €4,362 | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.5m | €1.8m | €2.3m | €2.3m | ▲ 2.2% |
| Equity10/15 | €786,706 | €942,977 | €1.1m | €1.3m | €1.6m | ▲ 15.9% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | - | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Issued capital100 | - | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Reserves13 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Non-distributable reserves130/1 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Legal reserve130 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €236,706 | €392,977 | €557,075 | €798,408 | €1.0m | ▲ 26.8% |
| Amounts payable17/49 | €457,643 | €508,997 | €695,934 | €907,886 | €744,259 | ▼ 18.0% |
| Amounts payable after more than one year17 | €27,863 | €3,839 | €17,387 | €12,456 | €7,435 | ▼ 40.3% |
| Financial debts170/4 | - | €3,839 | €17,387 | €12,456 | €7,435 | ▼ 40.3% |
| Leasing and similar obligations172 | - | €3,839 | €17,387 | €12,456 | €7,435 | ▼ 40.3% |
| Amounts payable within one year42/48 | €429,780 | €505,158 | €678,546 | €895,430 | €736,824 | ▼ 17.7% |
| Current portion of amounts payable after more than one year42 | - | €24,024 | €8,684 | €4,932 | €5,021 | ▲ 1.8% |
| Trade debts44 | €144,878 | €100,068 | €178,807 | €235,650 | €244,168 | ▲ 3.6% |
| Suppliers440/4 | - | €100,068 | €178,807 | €235,650 | €244,168 | ▲ 3.6% |
| Taxes, remuneration and social security45 | - | €181,065 | €216,055 | €329,849 | €162,635 | ▼ 50.7% |
| Taxes450/3 | - | €107,731 | €144,403 | €241,474 | €77,660 | ▼ 67.8% |
| Remuneration and social security454/9 | - | €73,334 | €71,653 | €88,374 | €84,975 | ▼ 3.8% |
| Other amounts payable47/48 | - | €200,000 | €275,000 | €325,000 | €325,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €257,072 | €356,271 | €439,098 | €566,333 | €539,310 | ▼ 4.8% |
| + Depreciation and write-downs630 | €101,179 | €77,189 | €62,496 | €64,686 | €59,027 | ▼ 8.7% |
| Operating cash flow (approximation) | €358,251 | €433,460 | €501,593 | €631,018 | €598,337 | ▼ 5.2% |
| Investment in fixed assets (approximation) | - | -€20,983 | -€49,799 | -€69,363 | -€132,456 | ▼ 91.0% |
| Change in cash | - | €148,120 | €130,972 | €255,612 | €149,716 | ▼ 41.4% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €566,333 ▲29%
Operating result €774,382, net result €566,333, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1mEq €1.1m ▲17.4%
5 profitable years in a row build equity to €1.1m.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Marche-en-Famenne · 1 establishment unit since 1991
Ground area
3,164 m²
Building footprint
1,454 m²
Parcel 83002A0999/00R025, Wallonia. Linked by address, not a title deed.
1 establishment unit
LARECO
since 19912.130.754.458
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83002A0999/00R025 | Wallonia | 3,164 m² | 1 · 1,454 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 ownerChain of control
- DESCOLAB
- DESMA HOLDING
- LARECO
Highest known parent: DESCOLAB. The sources do not say who stands above it.
Owners 1
- DESMA HOLDINGparent95.5%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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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Identification & contact
Identification
Legal formPublic limited company
Founded16-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
72109Other research and development on natural sciences
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444719066
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.