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LARINA

Active
Private limited companyfounded 201412 yrs activeRoger Vansteenbruggestraat 49, 8790 Waregem, BelgiumKBO/BCE: BE 0560.758.384
Summary

LARINA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€130,237) and a net result of €5,673. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
59 / 100
Fair
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.42 against 0.81 in 2023; short-term debt: 67.1% and cash: 34.8% of total assets), and equity is negative.
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Signals

Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
-677.9%
Return on assets
29.5%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 19374 sector peers (2024).
NBB · sector comparison
Position among 19374 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
30 d early
2023
29 d early
2022
27 d early
2021
37 d early
2020
33 d early
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 August 2014, LARINA was incorporated.1 Total assets went from EUR 788,252 in 2018 to EUR 19,213 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€130,237▲ 4.2%
2023 · -€135,911
Total assets
€19,213▼ 51.3%
2023 · €39,475
Net result
€5,673
2023 · -€55,152
Working capital
€5,389
2023 · -€6,350
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result-€54,963€156,596-€5,232-€54,259▼ 937%€6,532
Net result-€55,273below the sector's middle half€156,183above the sector's middle half-€5,588within the sector's middle half-€55,152below the sector's middle half▼ 887%€5,673within the sector's middle half
Equity-€231,354below the sector's middle half▼ 31.4%-€75,171below the sector's middle half▲ 67.5%-€80,759below the sector's middle half▼ 7.4%-€135,911below the sector's middle half▼ 68.3%-€130,237below the sector's middle half▲ 4.2%
Total assets€213,702below the sector's middle half▼ 26.2%€270,397within the sector's middle half▲ 26.5%€183,283within the sector's middle half▼ 32.2%€39,475below the sector's middle half▼ 78.5%€19,213below the sector's middle half▼ 51.3%
Debt€445,056▼ 4.4%€345,569▼ 22.4%€264,042▼ 23.6%€175,386▼ 33.6%€149,450▼ 14.8%
Working capital€60,102within the sector's middle half▼ 44.2%€158,989above the sector's middle half▲ 165%€99,797within the sector's middle half▼ 37.2%-€6,350within the sector's middle half€5,389within the sector's middle half
Solvency-108.3%below the sector's middle half▼ 47.4pp-27.8%below the sector's middle half▲ 80.5pp-44.1%below the sector's middle half▼ 16.3pp-344.3%below the sector's middle half▼ 300.2pp-677.9%below the sector's middle half▼ 333.6pp
Current ratio7.15above the sector's middle half▲ 1.866.25above the sector's middle half▼ 0.908.24above the sector's middle half▲ 1.990.81within the sector's middle half▼ 7.431.42within the sector's middle half▲ 0.61
Return on assets (ROA)-25.9%below the sector's middle half▼ 37.4pp57.8%above the sector's middle half▲ 83.6pp-3.0%below the sector's middle half▼ 60.8pp-139.7%below the sector's middle half▼ 136.7pp29.5%above the sector's middle half▲ 169.2pp
Staff (FTE)0.3below the sector's middle half▼ 40.0%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2020: -€54,963-€54,963Net result 2020: -€55,273-€55,273Operating result 2021: €156,596€156,596Net result 2021: €156,183€156,183Operating result 2022: -€5,232-€5,232Net result 2022: -€5,588-€5,588Operating result 2023: -€54,259-€54,259Net result 2023: -€55,152-€55,152Operating result 2024: €6,532€6,532Net result 2024: €5,673€5,67320202021202220232024-€60,000-€40,000-€20,000€0Operating result 2022: -€5,232-€5,230Net result 2022: -€5,588-€5,590Operating result 2023: -€54,259-€54,300Net result 2023: -€55,152-€55,200Operating result 2024: €6,532€6,530Net result 2024: €5,673€5,670202220232024
The operating result returns to profit in 2024: €6,532 after a loss of €54,259 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,213
Fixed assets €926 ▼ 92.5%
Current assets €18,286 ▼ 32.6%
Key figures and ratios
2024 value · change against 2023
EBITDA
€17,330▲
2023 · -€41,636
Cash flow
€16,471▲
2023 · -€42,529
Debt to equity
-1.15▲
2023 · -1.29
Interest coverage
56.45▲
2023 · -145.49
Debt ≤ 1 year
€12,898▼
2023 · €33,477
Debt > 1 year
€136,552▼
2023 · €141,909
Income taxes
€551▼
2023 · €606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.9% went bankrupt
4.8% stopped otherwise
92% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 3,632 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€39,475€19,213▼
Fixed assets21/28€12,349€926▼
Tangible fixed assets22/27€11,725€926▼
Furniture and vehicles24€11,725€926▼
Financial fixed assets28€624-
Current assets29/58€27,127€18,286▼
Amounts receivable within one year40/41€13,025€10,098▼
Trade receivables40€10,862€10,098▼
Other amounts receivable41€2,164-
Cash at bank and in hand54/58€12,527€6,678▼
Deferred charges and accrued income490/1€1,574€1,510▼
Equity and liabilities
Total equity and liabilities10/49€39,475€19,213▼
Equity10/15-€135,911-€130,237▲
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€142,111-€136,437▲
Amounts payable17/49€175,386€149,450▼
Amounts payable after more than one year17€141,909€136,552▼
Other amounts payable178/9€141,909€136,552▼
Amounts payable within one year42/48€33,477€12,898▼
Trade debts44€32,863€10,266▼
Suppliers440/4€32,863€10,266▼
Taxes, remuneration and social security45€614€2,632▲
Taxes450/3€614€2,632▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,623€10,798▼
Other operating charges640/8€3,440€1,094▼
Gross operating margin9900-€38,196€18,423▲
Operating profit (loss)9901-€54,259€6,532▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€286€307▲
Recurring financial charges65€286€307▲
Profit (loss) for the period before taxes9903-€54,545€6,225▲
Income taxes67/77€606€551▼
Profit (loss) for the period9904-€55,152€5,673▲
Profit (loss) for the period to be appropriated9905-€55,152€5,673▲
Appropriation of the result
Profit (loss) to be appropriated9906-€142,111-€136,437▲
Profit (loss) brought forward from the previous period14P-€86,959-€142,111▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,705€12,705€12,717€12,623€10,798▼ 14.5%
Other operating charges640/8-€2,556€2,461€3,440€1,094▼ 68.2%
Gross operating margin9900-€23,673€171,857€9,947-€38,196€18,423▲ 148%
Operating profit (loss)9901-€54,963€156,596-€5,232-€54,259€6,532▲ 112%
Financial income75/76B-€385€553€0€0▼ 87.5%
Recurring financial income75€361€385€553€0€0▼ 87.5%
Financial charges65/66B-€214€314€286€307▲ 7.3%
Recurring financial charges65€91€214€314€286€307▲ 7.3%
Profit (loss) for the period before taxes9903-€54,693€156,768-€4,993-€54,545€6,225▲ 111%
Income taxes67/77€580€585€595€606€551▼ 9.1%
Profit (loss) for the period9904-€55,273€156,183-€5,588-€55,152€5,673▲ 110%
Profit (loss) for the period to be appropriated9905-€55,273€156,183-€5,588-€55,152€5,673▲ 110%
Line20202021202220232024Change
Assets
Total assets20/58€213,702€270,397€183,283€39,475€19,213▼ 51.3%
Fixed assets21/28€143,833€81,128€69,705€12,349€926▼ 92.5%
Tangible fixed assets22/27€93,209€80,504€69,081€11,725€926▼ 92.1%
Land and buildings22-€45,200€45,200---
Furniture and vehicles24-€35,304€23,881€11,725€926▼ 92.1%
Financial fixed assets28€50,624€624€624€624--
Current assets29/58€69,870€189,270€113,578€27,127€18,286▼ 32.6%
Amounts receivable within one year40/41€59,610€59,003€69,646€13,025€10,098▼ 22.5%
Trade receivables40-€35,667€45,184€10,862€10,098▼ 7.0%
Other amounts receivable41-€23,336€24,462€2,164--
Cash at bank and in hand54/58€8,999€128,747€42,320€12,527€6,678▼ 46.7%
Deferred charges and accrued income490/1-€1,520€1,612€1,574€1,510▼ 4.1%
Equity and liabilities
Total equity and liabilities10/49€213,702€270,397€183,283€39,475€19,213▼ 51.3%
Equity10/15-€231,354-€75,171-€80,759-€135,911-€130,237▲ 4.2%
Contributions10/11-€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€237,554-€81,371-€86,959-€142,111-€136,437▲ 4.0%
Amounts payable17/49€445,056€345,569€264,042€175,386€149,450▼ 14.8%
Amounts payable after more than one year17€435,289€315,287€250,261€141,909€136,552▼ 3.8%
Other amounts payable178/9-€315,287€250,261€141,909€136,552▼ 3.8%
Amounts payable within one year42/48€9,767€30,281€13,781€33,477€12,898▼ 61.5%
Trade debts44€8,026€25,477€10,959€32,863€10,266▼ 68.8%
Suppliers440/4-€25,477€10,959€32,863€10,266▼ 68.8%
Taxes, remuneration and social security45-€4,804€2,822€614€2,632▲ 329%
Taxes450/3-€4,804€2,822€614€2,632▲ 329%
Line20202021202220232024Change
Profit (loss) for the period9904-€55,273€156,183-€5,588-€55,152€5,673▲ 110%
+ Depreciation and write-downs630€12,705€12,705€12,717€12,623€10,798▼ 14.5%
Operating cash flow (approximation)-€42,568€168,888€7,129-€42,529€16,471▲ 139%
Investment in fixed assets (approximation)-€50,000-€1,295€44,734€624▼ 98.6%
Change in cash-€119,747-€86,426-€29,793-€5,849▲ 80.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €5,673
Net result €5,673 after 2 loss-making years.
02-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €156,183
Net result €156,183 after one loss-making year.
28-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Weakest financial yearnet -€55,273
Net result drops to -€55,273, the lowest in the series; recovery starts the following year.
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €33,368
Net result €33,368 after one loss-making year.
31-12
Financial Liquidity triplescurrent ratio 5.29
Current ratio from 1.84 to 5.29; short-term debt falls from €27,861 to €25,098.
02-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Waregem · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
611 m²
Building footprint
156 m²
Parcel 34040C0172/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Larina
Roger Vansteenbruggestraat 49, 8790 WaregemReal estate activities
since 20142.235.057.667
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34040C0172/00H000 Flanders 611 m² 1 · 156 m² 0.0 m
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 holding

Owners 0

The accounts to 31-12-2021 list no shareholders, and no other source names one.

Holdings 1

According to the 2021 annual accounts of LARINA 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded27-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID 0208:0560758384
Also 9925:BE0560758384
Registered 16-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.