LAROY GROUP
ActiveLAROY GROUP has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.42M and a net result of €-2.13M. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 46% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+4
Solvency67▼-3
Growth35▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.28 in 2024; short-term debt: 44.6% and cash: 0.5% of total assets), but 58.1% 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 46
Relative position
BE, all sectors
reference
Sector 46
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
41.9%
Return on assets
-7.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-2.13M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
34 d early
2022
41 d early
2021
31 d late
2020
43 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€45.44M▼ 4.2%
2024 · €47.43M
2018: €40.23M
2019: €45.00M
2020: €50.84M
2021: €56.38M
2022: €52.63M
2023: €48.79M
2024: €47.43M
2018 → 2025
EBIT margin
-4.4%▲ 1.6pp
2024 · -6.0%
2018: 0.8%
2019: 0.5%
2020: 2.8%
2021: 4.4%
2022: 2.5%
2023: -0.5%
2024: -6.0%
2018 → 2025
Net result
€-2.13M▲ 33.7%
2024 · €-3.21M
2018: €754k
2019: €505k
2020: €1.38M
2021: €3.07M
2022: €898k
2023: €-117k
2024: €-3.21M
2018 → 2025
Working capital
€13.55M▼ 16.0%
2024 · €16.13M
2018: €14.39M
2019: €14.50M
2020: €16.52M
2021: €17.91M
2022: €16.34M
2023: €18.94M
2024: €16.13M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€56.38M-€52.63M▼ 6.7%€48.79M▼ 7.3%€47.43M▼ 2.8%€45.44M▼ 4.2%
Equity€18.68M-€19.58M▲ 4.8%€16.77M▼ 14.4%€13.55M▼ 19.2%€11.42M▼ 15.7%
Operating result€2.51M-€1.31M▼ 47.6%€-241k€-2.84M▼ 1,082%€-2.00M▲ 29.7%
Net result€3.07M-€898k▼ 70.7%€-117k€-3.21M▼ 2,644%€-2.13M▲ 33.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.00M in 2025 against €2.84M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.23M
Fixed assets
€1.54M▲ 8.6%
Current assets
€25.70M▼ 10.7%
Equity and liabilities €27.23M
Equity
€11.42M▼ 15.7%
Provisions
€247k▼ 72.9%
Debt
€15.57M▼ 0.9%
The debt ratio rises from 52.1% to 57.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1.50M▲
2024 · €-2.46M
Cash flow
€-1.63M▲
2024 · €-2.83M
Solvency
41.9%▼
2024 · 44.9%
Current ratio
2.12▼
2024 · 2.28
Quick ratio
0.97▲
2024 · 0.88
Debt / equity
1.36▲
2024 · 1.16
ROE
-18.7%▲
2024 · -23.7%
ROA
-7.8%▲
2024 · -10.7%
Interest coverage
-4.22▲
2024 · -8.15
Debt
€15.57M▼
2024 · €15.71M
Debt ≤ 1 year
€12.14M▼
2024 · €12.63M
Debt > 1 year
€3.20M▲
2024 · €2.80M
Income taxes
€3k▼
2024 · €222k
Staff costs
€6.49M▼
2024 · €6.53M
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€30.18M€27.23M▼
Fixed assets21/28€1.42M€1.54M▲
Intangible fixed assets21€912k€1.20M▲
Tangible fixed assets22/27€489k€324k▼
Land and buildings22€77k€57k▼
Plant, machinery and equipment23€228k€161k▼
Furniture and vehicles24€183k€105k▼
Financial fixed assets28€17k€17k=
Affiliated companies280/1€1€1=
Participating interests280€1€1=
Other financial fixed assets284/8€17k€17k=
Amounts receivable and cash guarantees285/8€17k€17k=
Current assets29/58€28.76M€25.70M▼
Amounts receivable after more than one year29€3.21M€505k▼
Other amounts receivable291€3.21M€505k▼
Stocks and contracts in progress3€17.63M€13.93M▼
Stocks30/36€17.63M€13.93M▼
Goods purchased for resale34€15.87M€13.38M▼
Advance payments36€1.76M€552k▼
Amounts receivable within one year40/41€7.01M€10.62M▲
Trade receivables40€6.73M€6.94M▲
Other amounts receivable41€284k€3.68M▲
Cash at bank and in hand54/58€224k€145k▼
Deferred charges and accrued income490/1€688k€494k▼
Equity and liabilities
Total equity and liabilities10/49€30.18M€27.23M▼
Equity10/15€13.55M€11.42M▼
Contributions10/11€485k€485k=
Capital10€485k€485k=
Issued capital100€485k€485k=
Reserves13€4.97M€4.97M=
Non-distributable reserves130/1€48k€48k=
Legal reserve130€48k€48k=
Tax-exempt reserves132€61k€61k=
Distributable reserves133€4.86M€4.86M=
Profit (loss) carried forward14€8.10M€5.97M▼
Provisions and deferred taxes16€913k€247k▼
Provisions for liabilities and charges160/5€913k€247k▼
Other liabilities and charges164/5€913k€247k▼
Amounts payable17/49€15.71M€15.57M▼
Amounts payable after more than one year17€2.80M€3.20M▲
Financial debts170/4€400k€705k▲
Other loans174€400k€705k▲
Trade debts175€2.40M€2.49M▲
Suppliers1750€2.40M€2.49M▲
Amounts payable within one year42/48€12.63M€12.14M▼
Financial debts43€6.42M€6.90M▲
Credit institutions430/8€6.42M€6.90M▲
Trade debts44€3.97M€3.75M▼
Suppliers440/4€3.97M€3.75M▼
Advances received on contracts in progress46€152k€0▼
Taxes, remuneration and social security45€629k€585k▼
Taxes450/3€146k€170k▲
Remuneration and social security454/9€483k€415k▼
Other amounts payable47/48€1.45M€914k▼
Accrued charges and deferred income492/3€279k€230k▼
Income statement
Code20242025
Operating income70/76A€47.95M€45.97M▼
Turnover70€47.43M€45.44M▼
Other operating income74€506k€511k▲
Non-recurring operating income76A€11k€13k▲
Operating charges60/66A€50.79M€47.97M▼
Goods for resale, raw materials and consumables60€28.32M€27.75M▼
Purchases600/8€28.08M€25.41M▼
Change in stocks: decrease (increase)609€237k€2.34M▲
Services and other goods61€14.42M€13.60M▼
Remuneration, social security and pensions62€6.53M€6.49M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€380k€498k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-10k€-96k▼
Other operating charges640/8€242k€389k▲
Non-recurring operating charges66A€913k€-666k▼
Operating profit (loss)9901€-2.84M€-2.00M▲
Financial income75/76B€881k€634k▼
Recurring financial income75€881k€634k▼
Income from current assets751€88k€100k▲
Other financial income752/9€793k€534k▼
Financial charges65/66B€1.03M€763k▼
Recurring financial charges65€1.02M€763k▼
Debt charges650€303k€356k▲
Other financial charges652/9€722k€407k▼
Non-recurring financial charges66B€4k€0▼
Profit (loss) for the period before taxes9903€-2.99M€-2.13M▲
Income taxes67/77€222k€3k▼
Taxes670/3€240k€3k▼
Tax adjustments and reversals of tax provisions77€18k€0▼
Profit (loss) for the period9904€-3.21M€-2.13M▲
Profit (loss) for the period to be appropriated9905€-3.21M€-2.13M▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.10M€5.97M▼
Profit (loss) brought forward from the previous period14P€11.31M€8.10M▼
Social balance
Average headcount (FTE)908798.690.1▼
The notes to these accounts (99 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-3.21M
Net result drops to €-3.21M, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €3.07M ▲123%
Operating result €2.51M, net result €3.07M, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Gent · 1 establishment unit since 1983
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.
Industrieweg 989032 GentGround area
2.0 ha
Building footprint
63 m²
Parcel 44074C0150/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
LAROY GROUP
since 19832.022.057.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0150/00R000 | Flanders | 2.0 ha | 1 · 63 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2023 · 2 entries · 20,981 EUR awarded · 20,981 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 5,155 EUR | 5,155 EUR |
| 2022 | 1 | 15,826 EUR | 15,826 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.022.057.248
Dual-learning approval
7 endedLegal Entity Identifier
549300IIQJS3J3PDEC88
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Of 689 companies in sector 46216 we hold annual accounts for 476. 187 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-03-1983
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
46382Wholesale trade
51210
51383
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.