LARKO GROUP

Active

Private limited companyfounded 20206 yrs activeRue de l'Abbaye 8, 4040 Herstal, BelgiumKBO/BCE: BE 0742.776.213

The computed 12-month bankruptcy probability of LARKO GROUP is 3.4% (moderate). The 2024 annual accounts show equity of €66k and a net result of €10k. Equity is growing by ~107.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 6718 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability74▼-26

Solvency53▼-15

Growth78=

Track record100

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.01 against 1.64 in 2023; short-term debt: 54.2% and cash: 15% of total assets), and 72.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

27.8%

Return on assets

4.3%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2023

20 d late

2022

121 d late

2021

101 d late

2020

30 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€43k

EBIT margin

35.4%

Net result

€10k▼ 75.1%

2023 · €41k

2020: €5k 2021: €17k 2022: €12k 2023: €41k

2020 → 2024

Working capital

€1k▼ 97.3%

2023 · €48k

2020: €4k 2021: €2k 2022: €13k 2023: €48k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€43k

Equity€7k-€3k▼ 51.5%€15k▲ 376%€56k▲ 273%€66k▲ 18.2%

Operating result€6k-€17k▲ 184%€15k▼ 8.8%€53k▲ 248%€19k▼ 64.4%

Net result€5k-€17k▲ 269%€12k▼ 28.6%€41k▲ 245%€10k▼ 75.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 64% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €238k

45.2%

54.8%

Fixed assets €108k▲ 1,267%

Current assets €131k▲ 6.3%

Equity and liabilities €238k

27.8%

72.2%

Equity €66k▲ 18.2%

Debt €172k▲ 131%

The debt ratio rises from 57.2% to 72.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€33k▼

2023 · €54k

Cash flow

€25k▼

2023 · €42k

Solvency

27.8%▼

2023 · 42.8%

Current ratio

1.01▼

2023 · 1.64

Quick ratio

1.01▼

2023 · 1.64

Debt / equity

2.60▲

2023 · 1.33

ROE

15.4%▼

2023 · 73.2%

ROA

4.3%▼

2023 · 31.3%

Interest coverage

8.65▼

2023 · 126.98

Debt

€172k▲

2023 · €75k

Debt ≤ 1 year

€129k▲

2023 · €75k

Debt > 1 year

€43k

Income taxes

€6k▼

2023 · €12k

Staff costs

€96k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€131k€238k▲

Fixed assets21/28€8k€108k▲

Tangible fixed assets22/27€6k€100k▲

Plant, machinery and equipment23-€29k

Furniture and vehicles24€6k€71k▲

Financial fixed assets28€2k€8k▲

Current assets29/58€123k€131k▲

Amounts receivable within one year40/41€96k€89k▼

Trade receivables40€94k€64k▼

Other amounts receivable41€2k€25k▲

Cash at bank and in hand54/58€27k€36k▲

Deferred charges and accrued income490/1€28€5k▲

Equity and liabilities

Total equity and liabilities10/49€131k€238k▲

Equity10/15€56k€66k▲

Contributions10/11€2k€2k=

Reserves13€200€200=

Non-distributable reserves130/1€200€200=

Reserves not available under the articles1311€200€200=

Profit (loss) carried forward14€54k€64k▲

Amounts payable17/49€75k€172k▲

Amounts payable after more than one year17-€43k

Financial debts170/4-€43k

Amounts payable within one year42/48€75k€129k▲

Current portion of amounts payable after more than one year42-€11k

Trade debts44€44k€64k▲

Suppliers440/4€44k€64k▲

Taxes, remuneration and social security45€31k€54k▲

Taxes450/3€21k€36k▲

Remuneration and social security454/9€10k€19k▲

Income statement Code20232024

Non-recurring operating income76A-€59

Remuneration, social security and pensions62-€96k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€15k▲

Other operating charges640/8€517€3k▲

Non-recurring operating charges66A-€2k

Gross operating margin9900€55k€134k▲

Operating profit (loss)9901€53k€19k▼

Financial income75/76B€250€1k▲

Recurring financial income75€250€1k▲

Financial charges65/66B€426€4k▲

Recurring financial charges65€426€4k▲

Profit (loss) for the period before taxes9903€53k€16k▼

Income taxes67/77€12k€6k▼

Profit (loss) for the period9904€41k€10k▼

Profit (loss) for the period to be appropriated9905€41k€10k▼

Appropriation of the result

Profit (loss) to be appropriated9906€54k€64k▲

Profit (loss) brought forward from the previous period14P€13k€54k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 71 days late

2024

20-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 20 days late

2023

31-12

Financial Highest result since 2020net €41k ▲245%

Operating result €53k, net result €41k, both a record.

29-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 121 days late

2022

31-12

Financial Liquidity triplescurrent ratio 2.74

Current ratio from 1.07 to 2.74; short-term debt falls from €25k to €7k.

09-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 101 days late

2021

01-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

19-09-2022 Resigned as Managing director

Location & real-estate footprint

Registered office, Herstal · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Rue de l'Abbaye 84040 Herstal

Ground area

4.3 ha

Building footprint

10,000 m²

Volume, LiDAR