LARFI
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 38 days after the deadline Filed on 7 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512436.
Annual accounts 2025 filed on 07-09-2026 at the NBB all 13 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€21,101▼ 526%
2024 · -€3,373
Working capital
-€294,188▼ 14.1%
2024 · -€257,887
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €20,922, larger than the loss of €3,209 in 2024. It is the lowest result since 2021.
Operating result-€20,922
2025
Net result-€21,101
2025
Total assets€100,024
2025
Equity-€203,946
2025
Debt€303,971
2025
Working capital-€294,188
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€44,019--€1,253▲ 97.2%-€1,146-€1,325▼ 15.5%-€19,909▼ 1,403%-€3,209▲ 83.9%-€20,922▼ 552%
Net result-€44,156--€1,320▲ 97.0%-€1,146-€1,505▼ 31.3%-€20,016▼ 1,230%-€3,373▲ 83.1%-€21,101▼ 526%
Equity-€155,485--€156,805▼ 0.8%-€156,805=-€157,951▼ 0.7%-€159,456▼ 1.0%-€179,472▼ 12.6%-€182,845▼ 1.9%-€203,946▼ 11.5%
Total assets€80,063-€78,478▼ 2.0%€78,478=€78,542▲ 0.1%€71,691▼ 8.7%€146,783▲ 105%€84,090▼ 42.7%€100,024▲ 18.9%
Debt€235,547-€235,283▼ 0.1%€235,283=€236,493▲ 0.5%€231,147▼ 2.3%€326,255▲ 41.1%€266,935▼ 18.2%€303,971▲ 13.9%
Working capital-€155,785--€157,105▼ 0.8%-€157,105=-€158,251▼ 0.7%-€159,756▼ 1.0%-€254,514▼ 59.3%-€257,887▼ 1.3%-€294,188▼ 14.1%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,024
Fixed assets
€90,242 ▲ 20.3%
Current assets
€9,782 ▲ 8.1%
Equity and liabilities
Equity-€203,946
Debt€303,971
Equity is negative. Debt (€303,971) exceeds the balance-sheet total (€100,024).
Key figures and ratios
Solvency
-203.9%▲
2024 · -217.4%
Current ratio
0.03▼
2024 · 0.03
ROA
-21.1%▼
2024 · -4.0%
Debt ≤ 1 year
€303,971▲
2024 · €266,935
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | - | - | €15,200 |
| Financial fixed assets | - | - | €74,742 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | €45 | - | - | - | - |
| Gross operating margin9900 | -€32,306 | -€1,253 | - | -€1,146 | -€1,280 | -€19,909 | -€3,209 | -€20,922 | ▼ 552% |
| Operating profit (loss)9901 | -€44,019 | -€1,253 | - | -€1,146 | -€1,325 | -€19,909 | -€3,209 | -€20,922 | ▼ 552% |
| Financial charges65/66B | - | - | - | - | €180 | €108 | €164 | €179 | ▲ 9.2% |
| Recurring financial charges65 | €137 | €67 | - | - | €180 | €108 | €164 | €179 | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | -€44,156 | -€1,320 | - | -€1,146 | -€1,505 | -€20,016 | -€3,373 | -€21,101 | ▼ 526% |
| Profit (loss) for the period9904 | -€44,156 | -€1,320 | - | -€1,146 | -€1,505 | -€20,016 | -€3,373 | -€21,101 | ▼ 526% |
| Profit (loss) for the period to be appropriated9905 | -€44,156 | -€1,320 | - | -€1,146 | -€1,505 | -€20,016 | -€3,373 | -€21,101 | ▼ 526% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €80,063 | €78,478 | €78,478 | €78,542 | €71,691 | €146,783 | €84,090 | €100,024 | ▲ 18.9% |
| Fixed assets21/28 | €300 | €300 | €300 | €300 | €300 | €75,042 | €75,042 | €90,242 | ▲ 20.3% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €15,200 | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | €75,042 | €75,042 | €75,042 | = |
| Current assets29/58 | €79,763 | €78,178 | €78,178 | €78,242 | €71,391 | €71,740 | €9,048 | €9,782 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €77,479 | €77,576 | €77,576 | €77,612 | €70,704 | €71,005 | €8,385 | €9,058 | ▲ 8.0% |
| Trade receivables40 | - | - | - | €71,072 | €64,072 | €64,072 | - | - | - |
| Other amounts receivable41 | - | - | - | €6,539 | €6,631 | €6,933 | €8,385 | €9,058 | ▲ 8.0% |
| Cash at bank and in hand54/58 | €2,284 | €603 | €603 | €630 | €687 | €735 | €662 | €724 | ▲ 9.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €80,063 | €78,478 | €78,478 | €78,542 | €71,691 | €146,783 | €84,090 | €100,024 | ▲ 18.9% |
| Equity10/15 | -€155,485 | -€156,805 | -€156,805 | -€157,951 | -€159,456 | -€179,472 | -€182,845 | -€203,946 | ▼ 11.5% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Contributions outside capital11 | - | - | - | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Other1109/19 | - | - | - | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | -€174,485 | -€175,805 | -€175,805 | -€176,951 | -€178,456 | -€198,472 | -€201,845 | -€222,946 | ▼ 10.5% |
| Amounts payable17/49 | €235,547 | €235,283 | €235,283 | €236,493 | €231,147 | €326,255 | €266,935 | €303,971 | ▲ 13.9% |
| Amounts payable within one year42/48 | €235,547 | €235,283 | €235,283 | €236,493 | €231,147 | €326,255 | €266,935 | €303,971 | ▲ 13.9% |
| Financial debts43 | - | - | - | €28 | €28 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €28 | €28 | - | - | - | - |
| Trade debts44 | €171,199 | €166,993 | €166,993 | €168,175 | €146,108 | €90,243 | €48,116 | €37,030 | ▼ 23.0% |
| Suppliers440/4 | - | - | - | €168,175 | €146,108 | €90,243 | €48,116 | €37,030 | ▼ 23.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €459 | €116 | €116 | €116 | = |
| Taxes450/3 | - | - | - | - | €459 | €116 | €116 | €116 | = |
| Other amounts payable47/48 | - | - | - | €68,290 | €84,552 | €235,895 | €218,703 | €266,824 | ▲ 22.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,156 | -€1,320 | - | -€1,146 | -€1,505 | -€20,016 | -€3,373 | -€21,101 | ▼ 526% |
| Operating cash flow (approximation) | -€44,156 | -€1,320 | - | -€1,146 | -€1,505 | -€20,016 | -€3,373 | -€21,101 | ▼ 526% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€74,742 | €0 | -€15,200 | - |
| Change in cash | - | -€1,681 | €0 | €28 | €57 | €48 | -€73 | €62 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-09-2026 | 2026-00512436 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00485006 | |
| 31-12-2023 | micro format | 28-09-2024 | 2024-00495077 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00444412 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20333333 | |
| 31-12-2020 | micro format | 29-11-2021 | 2021-79100166 | |
| 31-12-2019 | micro format | 29-11-2021 | 2021-79000440 | |
| 31-12-2018 | full format | 30-09-2019 | 2019-68200428 | |
| 31-12-2017 | full format | 28-09-2018 | 2018-67700246 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-64400433 |