LARISAN
ActiveLARISAN has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €37k. Equity is shrinking by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+21
Solvency37▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.63 in 2024; short-term debt: 75.4% and cash: 29.7% of total assets), and 87.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
12.3%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10310 sector peers (2025).
NBB · sector comparisonPosition among 10310 sector peers
Solvency
better than 22%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
5 d early
2022
4 d early
2021
24 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€135k▲ 37.8%
2024 · €98k
2018: €343k
2019: €429k
2020: €494k
2021: €527k
2022: €567k
2023: €130k
2024: €98k
2018 → 2025
Total assets
€1.10M▲ 2.4%
2024 · €1.07M
2018: €715k
2019: €848k
2020: €1.15M
2021: €1.53M
2022: €1.81M
2023: €1.30M
2024: €1.07M
2018 → 2025
Net result
€37k
2024 · €-32k
2018: €42k
2019: €86k
2020: €65k
2021: €33k
2022: €40k
2023: €59k
2024: €-32k
2018 → 2025
Working capital
€-211k▲ 27.6%
2024 · €-291k
2018: €233k
2019: €338k
2020: €430k
2021: €496k
2022: €134k
2023: €-289k
2024: €-291k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€527k-€567k▲ 7.6%€130k▼ 77.1%€98k▼ 24.5%€135k▲ 37.8%
Operating result€64k-€82k▲ 28.8%€137k▲ 66.5%€31k▼ 77.3%€116k▲ 275%
Net result€33k-€40k▲ 22.8%€59k▲ 48.2%€-32k€37k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 275% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€480k▼ 15.9%
Current assets
€615k▲ 23.5%
Equity and liabilities €1.10M
Equity
€135k▲ 37.8%
Debt
€960k▼ 1.1%
The debt ratio falls from 90.8% to 87.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▲
2024 · €133k
Cash flow
€142k▲
2024 · €70k
Solvency
12.3%▲
2024 · 9.2%
Current ratio
0.74▲
2024 · 0.63
Quick ratio
0.46▲
2024 · 0.33
Debt / equity
7.10▼
2024 · 9.89
ROE
27.4%▲
2024 · -32.4%
ROA
3.4%▲
2024 · -3.0%
Interest coverage
4.02▲
2024 · 2.53
Debt
€960k▼
2024 · €971k
Debt ≤ 1 year
€826k▲
2024 · €790k
Debt > 1 year
€134k▼
2024 · €179k
Income taxes
€24k▲
2024 · €11k
Staff costs
€612k▲
2024 · €602k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.10M▲
Fixed assets21/28€571k€480k▼
Intangible fixed assets21€147k€111k▼
Tangible fixed assets22/27€405k€350k▼
Land and buildings22€141k€125k▼
Plant, machinery and equipment23€264k€225k▼
Financial fixed assets28€19k€19k=
Current assets29/58€498k€615k▲
Stocks and contracts in progress3€237k€239k▲
Stocks30/36€237k€239k▲
Amounts receivable within one year40/41€15k€42k▲
Trade receivables40€15k€32k▲
Other amounts receivable41-€10k
Cash at bank and in hand54/58€231k€325k▲
Deferred charges and accrued income490/1€15k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.10M▲
Equity10/15€98k€135k▲
Contributions10/11€19k€19k=
Reserves13€80k€117k▲
Distributable reserves133€80k€117k▲
Amounts payable17/49€971k€960k▼
Amounts payable after more than one year17€179k€134k▼
Financial debts170/4€179k€134k▼
Amounts payable within one year42/48€790k€826k▲
Current portion of amounts payable after more than one year42€122k€159k▲
Trade debts44€159k€280k▲
Suppliers440/4€159k€280k▲
Taxes, remuneration and social security45€121k€106k▼
Taxes450/3€38k€16k▼
Remuneration and social security454/9€83k€90k▲
Other amounts payable47/48€387k€280k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A€734-
Remuneration, social security and pensions62€602k€612k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€105k▲
Other operating charges640/8€10k€13k▲
Gross operating margin9900€744k€846k▲
Operating profit (loss)9901€31k€116k▲
Financial income75/76B€270€187▼
Recurring financial income75€270€187▼
Financial charges65/66B€52k€55k▲
Recurring financial charges65€52k€55k▲
Profit (loss) for the period before taxes9903€-21k€62k▲
Income taxes67/77€11k€24k▲
Profit (loss) for the period9904€-32k€37k▲
Profit (loss) for the period to be appropriated9905€-32k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€37k▲
Transfer from equity791/2€32k-
Transfer to equity691/2-€37k
To other reserves6921-€37k
Social balance
Average headcount (FTE)908714.916.1▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge4 facts ▸
- General meeting, 11/03/2026
- Director resignation, Lemmens Jytte (bestuurder)
- Director discharge, Lemmens Jytte
- Director appointment, Willemsens Larissa (bestuurder)
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-12
Financial
Equity above €100kEq €135k ▲37.8%
Equity rises from €98k to €135k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-32k ▼154%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €527k ▲6.6%
4 profitable years in a row build equity to €527k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €86k ▲103%
Operating result €153k, net result €86k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 directors, no change since 2026
Willemsens Larissa
CurrentDirector · since 23-02-2026
23-02-2026
Willemsens Larissa: Appointed as Director
23-02-2026
Lemmens Jytte: Resigned as Director
22-08-2023
Daems Gianni Willy Maria: Resigned as Director
22-08-2023
Willemsens Larissa Nieke Jan: Resigned as Director
01-08-2017
Geerts Veronique: Resigned as Manager
03-10-2011
VAN ACCOM Herman: Resigned as Manager
01-09-2011
GIJSBRECHTS María: Resigned as Manager
Location & real-estate footprint
Registered office, Merksplas · 2 establishment units since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopoldstraat 32330 MerksplasGround area
1,610 m²
Building footprint
897 m²
Volume, LiDAR
4,616 m³
2 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Larisan
since 19842.025.602.104
Odette
since 20222.324.158.305
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0656/00A000 | Flanders | 1,069 m² | 1 · 583 m² | 11.4 m · 1 fl. |
| 13023I0259/00X003 | Flanders | 542 m² | 1 · 314 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 294 EUR awarded · 294 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 294 EUR | 294 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMalle2.324.158.305
Merksplas2.025.602.104
Similar companies · same sector, comparable size
LE CONFISEUR ALBAN
BE 0425.961.543
Beersel · Eq €135k
MARIO'S BAKKERSHUYS
BE 0456.293.146
Hulshout · Eq €136k
PASSION ET TRADITION
BE 0880.501.761
Braine-l'Alleud · Eq €134k
VAN WAEYENBERGE Frères
BE 0424.697.771
Chaudfontaine · Eq €134k
VAN DEN BOSSCHE EDDY
BE 0461.083.164
Knokke-Heist · Eq €134k
Of 2,406 companies in sector 47241 we hold annual accounts for 1,099. 890 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-1984
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
47620Retail trade
47621Retail sale of newspapers and periodicals
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
47252Retail sale of beverages, general range
47512Retail sale of household textiles and bedding
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52250Logistics services
52410
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.