LARO
ActiveSummary
LARO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €486k and a net result of €35k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-3
Solvency76▲+5
Growth52▼-1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.24 in 2024; short-term debt: 29.5% and cash: 7.8% of total assets), and 49.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
50.8%
Return on assets
3.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
4 d early
2023
5 d early
2022
4 d early
2021
70 d early
2020
63 d early
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€246k▼ 42.8%
2024 · €430k
2022: €522khighest in 4 years
2023: €294k▼ -43.6% vs 2022
2024: €430k▲ +46.0% vs 2023
2025: €246k▼ -42.8% vs 2024lowest in 4 years
2022 → 2025
EBIT margin
23.2%▲ 3.5pp
2024 · 19.8%
2022: 12.5%
2023: 8.9%▼ -28.5% vs 2022lowest in 4 years
2024: 19.8%▲ +121% vs 2023
2025: 23.2%▲ +17.5% vs 2024highest in 4 years
2022 → 2025
Net result
€35k▼ 46.3%
2024 · €65k
2019: €-4klowest in 7 years
2020: €8k▲ +309% vs 2019
2021: €26k▲ +239% vs 2020
2022: €37k▲ +41.3% vs 2021
2023: €12k▼ -66.8% vs 2022
2024: €65k▲ +426% vs 2023highest in 7 years
2025: €35k▼ -46.3% vs 2024
2019 → 2025
Working capital
€348k▼ 5.3%
2024 · €368k
2019: €246k
2020: €243k▼ -1.4% vs 2019lowest in 7 years
2021: €341k▲ +40.5% vs 2020
2022: €328k▼ -3.7% vs 2021
2023: €297k▼ -9.6% vs 2022
2024: €368k▲ +24.0% vs 2023highest in 7 years
2025: €348k▼ -5.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€522k€294k▼ 43.6%€430k▲ 46.0%€246k▼ 42.8%
2022: €522khighest in 4 years
2023: €294k▼ -43.6% vs 2022
2024: €430k▲ +46.0% vs 2023
2025: €246k▼ -42.8% vs 2024lowest in 4 years
Equity€337k-€374k▲ 11.1%€386k▲ 3.3%€451k▲ 16.8%€486k▲ 7.7%
2021: €337klowest in 5 years
2022: €374k▲ +11.1% vs 2021
2023: €386k▲ +3.3% vs 2022
2024: €451k▲ +16.8% vs 2023
2025: €486k▲ +7.7% vs 2024highest in 5 years
Operating result€53k-€65k▲ 23.8%€26k▼ 59.6%€85k▲ 222%€57k▼ 32.9%
2021: €53k
2022: €65k▲ +23.8% vs 2021
2023: €26k▼ -59.6% vs 2022lowest in 5 years
2024: €85k▲ +222% vs 2023highest in 5 years
2025: €57k▼ -32.9% vs 2024
Net result€26k-€37k▲ 41.3%€12k▼ 66.8%€65k▲ 426%€35k▼ 46.3%
2021: €26k
2022: €37k▲ +41.3% vs 2021
2023: €12k▼ -66.8% vs 2022lowest in 5 years
2024: €65k▲ +426% vs 2023highest in 5 years
2025: €35k▼ -46.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €957k
Fixed assets
€326k ▼ 0.3%
Current assets
€631k ▼ 5.0%
Equity and liabilities €957k
Equity
€486k ▲ 7.7%
Debt
€471k ▼ 12.8%
Debt's share of the balance-sheet total falls from 54.5% to 49.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €86k
Cash flow
€36k▼
2024 · €66k
Current ratio
2.23▼
2024 · 2.24
Debt to equity
0.97▼
2024 · 1.20
ROE
7.2%▼
2024 · 14.4%
ROA
3.6%▼
2024 · 6.6%
Interest coverage
14.08▼
2024 · 16.60
Debt ≤ 1 year
€283k▼
2024 · €297k
Debt > 1 year
€76k▼
2024 · €128k
Income taxes
€18k▲
2024 · €15k
Staff costs
€19k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€992k€957k▼
Fixed assets21/28€327k€326k▼
Tangible fixed assets22/27€324k€323k▼
Land and buildings22€321k€321k=
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€664k€631k▼
Amounts receivable within one year40/41€413k€425k▲
Trade receivables40€345k€360k▲
Other amounts receivable41€68k€65k▼
Cash at bank and in hand54/58€125k€74k▼
Deferred charges and accrued income490/1€126k€132k▲
Equity and liabilities
Total equity and liabilities10/49€992k€957k▼
Equity10/15€451k€486k▲
Contributions10/11€6k€6k=
Reserves13€49k€79k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€47k€77k▲
Profit (loss) carried forward14€396k€401k▲
Amounts payable17/49€540k€471k▼
Amounts payable after more than one year17€128k€76k▼
Financial debts170/4€128k€76k▼
Amounts payable within one year42/48€297k€283k▼
Financial debts43€29k€24k▼
Credit institutions430/8€29k€24k▼
Trade debts44€173k€161k▼
Suppliers440/4€173k€161k▼
Taxes, remuneration and social security45€60k€63k▲
Taxes450/3€36k€51k▲
Remuneration and social security454/9€24k€12k▼
Other amounts payable47/48€35k€35k=
Accrued charges and deferred income492/3€115k€112k▼
Income statement
Code20242025
Turnover70€430k€246k▼
Goods, raw materials, services and sundry goods60/61€314k€166k▼
Remuneration, social security and pensions62€27k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€951€951=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€115k€80k▼
Operating profit (loss)9901€85k€57k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Non-recurring financial charges66B€5k€4k▼
Profit (loss) for the period before taxes9903€80k€53k▼
Income taxes67/77€15k€18k▲
Profit (loss) for the period9904€65k€35k▼
Profit (loss) for the period to be appropriated9905€65k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€396k€431k▲
Profit (loss) brought forward from the previous period14P€331k€396k▲
Transfer to equity691/2-€30k
To other reserves6921-€30k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €522k | €294k | €430k | €246k | ▼ 42.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €311k | €242k | €314k | €166k | ▼ 47.2% |
| Remuneration, social security and pensions62 | - | €45k | €24k | €27k | €19k | ▼ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €340 | €340 | €951 | €951 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €63k | - | - | - | - |
| Other operating charges640/8 | - | €6k | €2k | €2k | €2k | ▲ 9.5% |
| Non-recurring operating charges66A | - | €31k | - | - | - | - |
| Gross operating margin9900 | €154k | €211k | €52k | €115k | €80k | ▼ 31.0% |
| Operating profit (loss)9901 | €53k | €65k | €26k | €85k | €57k | ▼ 32.9% |
| Financial charges65/66B | - | €13k | €6k | €5k | €4k | ▼ 20.4% |
| Recurring financial charges65 | - | €13k | €6k | €5k | €4k | ▼ 20.4% |
| Non-recurring financial charges66B | - | €13k | €6k | €5k | €4k | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €38k | €53k | €20k | €80k | €53k | ▼ 33.7% |
| Income taxes67/77 | €12k | €15k | €8k | €15k | €18k | ▲ 22.1% |
| Profit (loss) for the period9904 | €26k | €37k | €12k | €65k | €35k | ▼ 46.3% |
| Profit (loss) for the period to be appropriated9905 | €26k | €37k | €12k | €65k | €35k | ▼ 46.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €946k | €940k | €912k | €992k | €957k | ▼ 3.5% |
| Fixed assets21/28 | €322k | €322k | €322k | €327k | €326k | ▼ 0.3% |
| Tangible fixed assets22/27 | €322k | €322k | €322k | €324k | €323k | ▼ 0.3% |
| Land and buildings22 | - | €321k | €321k | €321k | €321k | = |
| Furniture and vehicles24 | - | €1k | €1k | €3k | €2k | ▼ 30.4% |
| Financial fixed assets28 | - | - | - | €3k | €3k | = |
| Current assets29/58 | €623k | €618k | €590k | €664k | €631k | ▼ 5.0% |
| Amounts receivable within one year40/41 | €435k | €340k | €384k | €413k | €425k | ▲ 2.9% |
| Trade receivables40 | - | €132k | €153k | €345k | €360k | ▲ 4.4% |
| Other amounts receivable41 | - | €208k | €231k | €68k | €65k | ▼ 4.2% |
| Cash at bank and in hand54/58 | €58k | €152k | €76k | €125k | €74k | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | €125k | €130k | €126k | €132k | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €946k | €940k | €912k | €992k | €957k | ▼ 3.5% |
| Equity10/15 | €337k | €374k | €386k | €451k | €486k | ▲ 7.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €37k | €49k | €49k | €79k | ▲ 60.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €35k | €47k | €47k | €77k | ▲ 63.8% |
| Profit (loss) carried forward14 | €328k | €331k | €331k | €396k | €401k | ▲ 1.2% |
| Amounts payable17/49 | €609k | €566k | €526k | €540k | €471k | ▼ 12.8% |
| Amounts payable after more than one year17 | €268k | €218k | €174k | €128k | €76k | ▼ 40.8% |
| Financial debts170/4 | - | €218k | €174k | €128k | €76k | ▼ 40.8% |
| Amounts payable within one year42/48 | €283k | €290k | €294k | €297k | €283k | ▼ 4.7% |
| Financial debts43 | - | €41k | €35k | €29k | €24k | ▼ 15.8% |
| Credit institutions430/8 | - | €41k | €35k | €29k | €24k | ▼ 15.8% |
| Trade debts44 | €165k | €185k | €168k | €173k | €161k | ▼ 6.8% |
| Suppliers440/4 | - | €185k | €168k | €173k | €161k | ▼ 6.8% |
| Taxes, remuneration and social security45 | - | €62k | €55k | €60k | €63k | ▲ 3.9% |
| Taxes450/3 | - | €32k | €32k | €36k | €51k | ▲ 41.4% |
| Remuneration and social security454/9 | - | €30k | €23k | €24k | €12k | ▼ 51.4% |
| Other amounts payable47/48 | - | €2k | €36k | €35k | €35k | = |
| Accrued charges and deferred income492/3 | - | €58k | €58k | €115k | €112k | ▼ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €37k | €12k | €65k | €35k | ▼ 46.3% |
| + Depreciation and write-downs630 | €1k | €340 | €340 | €951 | €951 | = |
| Operating cash flow (approximation) | €28k | €38k | €13k | €66k | €36k | ▼ 45.7% |
| Investment in fixed assets (approximation) | - | €-241 | €-1 | €-6k | €0 | ▲ 100% |
| Change in cash | - | €94k | €-76k | €49k | €-51k | ▼ 204% |
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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €65k ▲426%
Operating result €85k, net result €65k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ranst · 1 establishment unit since 2001
Ground area
569 m²
Building footprint
141 m²
Volume, LiDAR
785 m³
Parcel 11035C0186/00W000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hooiveld 16, 2520 Ranst
since 20012.100.351.985
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035C0186/00W000 | Flanders | 569 m² | 1 · 141 m² | 8.5 m · 2 fl. |
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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 9,346 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2001
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.