LARVANO
ActiveLARVANO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €4k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
81
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+10
Solvency40=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.91 in 2024), but 85.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7924 sector peers (2025).
NBB · sector comparisonPosition among 7924 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
3 d early
2023
33 d early
2022
47 d early
2021
6 d early
2020
23 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▲ 11.5%
2024 · €36k
2019: €26k
2020: €28k
2021: €31k
2022: €31k
2023: €33k
2024: €36k
2019 → 2025
Total assets
€278k▼ 1.6%
2024 · €282k
2019: €281k
2020: €272k
2021: €248k
2022: €235k
2023: €288k
2024: €282k
2019 → 2025
Net result
€4k▲ 37.1%
2024 · €3k
2019: €372
2020: €13k
2021: €2k
2022: €274
2023: €2k
2024: €3k
2019 → 2025
Working capital
€86k▼ 3.4%
2024 · €89k
2019: €13k
2020: €56k
2021: €69k
2022: €72k
2023: €72k
2024: €89k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€31k▲ 0.9%€33k▲ 7.6%€36k▲ 9.2%€41k▲ 11.5%
Operating result€9k-€7k▼ 27.0%€9k▲ 30.2%€11k▲ 22.3%€13k▲ 21.3%
Net result€2k-€274▼ 88.8%€2k▲ 764%€3k▲ 29.9%€4k▲ 37.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278k
Fixed assets
€93k▼ 2.9%
Current assets
€185k▼ 0.9%
Equity and liabilities €278k
Equity
€41k▲ 11.5%
Debt
€237k▼ 3.6%
The debt ratio falls from 87.1% to 85.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€29k▲
2024 · €26k
Cash flow
€20k▲
2024 · €18k
Solvency
14.6%▲
2024 · 12.9%
Current ratio
1.87▼
2024 · 1.91
Quick ratio
1.87▼
2024 · 1.91
Debt / equity
5.83▼
2024 · 6.75
ROE
10.3%▲
2024 · 8.4%
ROA
1.5%▲
2024 · 1.1%
Interest coverage
3.77▲
2024 · 3.21
Debt
€237k▼
2024 · €246k
Debt ≤ 1 year
€99k▲
2024 · €98k
Debt > 1 year
€138k▼
2024 · €148k
Income taxes
€2k▲
2024 · €667
Staff costs
€153k▲
2024 · €149k
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€282k€278k▼
Fixed assets21/28€96k€93k▼
Tangible fixed assets22/27€96k€93k▼
Land and buildings22€88k€87k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€0-
Current assets29/58€186k€185k▼
Amounts receivable within one year40/41€116k€97k▼
Trade receivables40€92k€87k▼
Other amounts receivable41€25k€10k▼
Cash at bank and in hand54/58€69k€87k▲
Deferred charges and accrued income490/1€872€1k▲
Equity and liabilities
Total equity and liabilities10/49€282k€278k▼
Equity10/15€36k€41k▲
Contributions10/11€30k€30k=
Reserves13€6k€11k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€2k€2k=
Distributable reserves133€5k€9k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€246k€237k▼
Amounts payable after more than one year17€148k€138k▼
Financial debts170/4€148k€138k▼
Amounts payable within one year42/48€98k€99k▲
Current portion of amounts payable after more than one year42€14k€10k▼
Financial debts43€14k€14k▼
Credit institutions430/8€14k€14k▼
Trade debts44€20k€31k▲
Suppliers440/4€20k€31k▲
Taxes, remuneration and social security45€46k€40k▼
Taxes450/3€17k€10k▼
Remuneration and social security454/9€30k€30k▲
Other amounts payable47/48€4k€4k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€153
Remuneration, social security and pensions62€149k€153k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€10k€11k▲
Non-recurring operating charges66A€7k€0▼
Gross operating margin9900€192k€193k▲
Operating profit (loss)9901€11k€13k▲
Financial income75/76B€957€755▼
Recurring financial income75€957€755▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€4k€6k▲
Income taxes67/77€667€2k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€4k▲
Profit (loss) brought forward from the previous period14P€-816€0▲
Transfer to equity691/2€2k€4k▲
To other reserves6921€2k€4k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (18 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
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet €274 ▼88.8%
Net result drops to €274, the lowest in the series; recovery starts the following year.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Highest result since 2019net €13k ▲3272%
Operating result €22k, net result €13k, both a record.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-09
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.
Directors · office · real estate
Directors
5 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, Sint-Gillis-Waas · 1 establishment unit since 1997
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.
Potterstraat(SP) 1409170 Sint-Gillis-WaasGround area
6,984 m²
Building footprint
607 m²
Volume, LiDAR
4,356 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LARVANO
since 19972.079.805.011
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022B0119/00A000 | Flanders | 4,137 m² | - | - |
| 46017A0906/00G000 | Flanders | 2,846 m² | 1 · 607 m² | 8.1 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
2022 to 2025 · 3 entries · 2,660 EUR awarded · 593 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,299 EUR | 0 EUR |
| 2023 | 1 | 56 EUR | 554 EUR |
| 2022 | 1 | 305 EUR | 39 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,127 companies in sector 46190 we hold annual accounts for 2,554. 1,875 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-1996
Fiscal year end31-03
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.