LARSBY
ActiveSummary
LARSBY has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.36M and a net result of €435. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-11
Solvency100=
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 4.55 against 4.27 in 2024; short-term debt: 3.4% and cash: 0.4% of total assets), and 3.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
96.6%
Return on assets
0%
Age of the figures
9 mo
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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
28 d early
2023
26 d early
2022
46 d early
2021
81 d late
2020
1 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€498k▲ 9.5%
2022 · €455k
2018: €902k
2019: €697k
2020: €637k
2021: €517k
2022: €455k
2018 → 2023
EBIT margin
-4.7%▼ 22.5pp
2022 · 17.8%
2018: 32.2%
2019: 7.5%
2020: 5.8%
2021: 6.9%
2022: 17.8%
2018 → 2023
Net result
€435▼ 99.9%
2024 · €459k
2018: €373k
2019: €1.97M
2020: €2.89M
2021: €59k
2022: €68k
2023: €4.24M
2024: €459k
2018 → 2025
Working capital
€1.18M▼ 29.5%
2024 · €1.68M
2018: €14.85M
2019: €14.06M
2020: €16.94M
2021: €13.10M
2022: €13.17M
2023: €1.72M
2024: €1.68M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€517k-€455k▼ 12.0%€498k▲ 9.5%
Equity€21.58M-€21.65M▲ 0.3%€9.90M▼ 54.3%€9.85M▼ 0.4%€9.36M▼ 5.1%
Operating result€36k-€81k▲ 126%€-24k€-65k▼ 174%€-137k▼ 113%
Net result€59k-€68k▲ 14.4%€4.24M▲ 6,152%€459k▼ 89.2%€435▼ 99.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €137k in 2025 against €65k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.69M
Fixed assets
€8.17M ▼ 0.1%
Current assets
€1.52M ▼ 30.8%
Equity and liabilities €9.69M
Equity
€9.36M ▼ 5.1%
Debt
€333k ▼ 35.1%
Debt's share of the balance-sheet total falls from 5.0% to 3.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-132k
Cash flow
€6k
Current ratio
4.55▲
2024 · 4.27
Debt to equity
0.04▼
2024 · 0.05
ROE
0.0%▼
2024 · 4.7%
ROA
0.0%▼
2024 · 4.4%
Interest coverage
7.10
Debt ≤ 1 year
€333k▼
2024 · €513k
Staff costs
€3k▼
2024 · €13k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.37M€9.69M▼
Fixed assets21/28€8.18M€8.17M▼
Tangible fixed assets22/27€53k€47k▼
Plant, machinery and equipment23€53k€47k▼
Financial fixed assets28€8.13M€8.13M=
Current assets29/58€2.19M€1.52M▼
Amounts receivable within one year40/41€283k€725k▲
Trade receivables40€171k€63k▼
Other amounts receivable41€112k€662k▲
Current investments50/53€1.72M€756k▼
Cash at bank and in hand54/58€183k€34k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€10.37M€9.69M▼
Equity10/15€9.85M€9.36M▼
Contributions10/11€828k€828k=
Capital10€828k€828k=
Issued capital100€828k€828k=
Reserves13€4.78M€4.28M▼
Non-distributable reserves130/1€509k€509k=
Legal reserve130€509k€509k=
Tax-exempt reserves132€113k€0▼
Distributable reserves133€4.16M€3.77M▼
Profit (loss) carried forward14€4.24M€4.24M=
Amounts payable17/49€513k€333k▼
Amounts payable within one year42/48€513k€333k▼
Trade debts44€67k€31k▼
Suppliers440/4€67k€31k▼
Taxes, remuneration and social security45€430k€7k▼
Taxes450/3€430k€7k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€16k€296k▲
Income statement
Code20242025
Remuneration, social security and pensions62€13k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-51k€-128k▼
Operating profit (loss)9901€-65k€-137k▼
Financial income75/76B€523k€119k▼
Recurring financial income75€523k€119k▼
Financial charges65/66B€0€-19k▼
Recurring financial charges65€0€-19k▼
Profit (loss) for the period before taxes9903€459k€435▼
Income taxes67/77€0-
Profit (loss) for the period9904€459k€435▼
Transfer from tax-exempt reserves789-€113k
Profit (loss) for the period to be appropriated9905€459k€113k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.70M€4.36M▼
Profit (loss) brought forward from the previous period14P€4.24M€4.24M=
Transfer from equity791/2€41k€500k▲
Transfer to equity691/2-€113k
To other reserves6921-€113k
Profit to be distributed694/7€500k€500k=
Return on contributions (dividend)694€500k€500k=
Social balance
Average headcount (FTE)90871.50.0▼
The notes to these accounts (17 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €435 ▼99.9%
Net result drops to €435, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €4.24M ▲6152%
Net result €4.24M, the highest in the series.
03-11
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
11-10
State Gazette act
General meeting · Auditor reappointment
Permanent representative · Director reappointment
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 91.42
Current ratio from 37.05 to 91.42; short-term debt falls from €363k to €146k.
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 81 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 7current ratio 45.52
Current ratio from 6.42 to 45.52; short-term debt falls from €2.60M to €380k.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
08-01
State Gazette act
General meeting · Director reappointment
Director appointment · Mandate compensation
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Hasselt · 1 establishment unit since 1999
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.
Rijkelstraat 163511 HasseltGround area
1,163 m²
Building footprint
116 m²
Volume, LiDAR
870 m³
Parcel 71483E0317/00G004, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Larsby
since 19992.092.133.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0317/00G004 | Flanders | 1,163 m² | 1 · 116 m² | 9.9 m · 3 fl. |
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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
967600T3MGXM8RLNMO30
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 795 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.