Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €59,396 falls due within a year.
Short-term debts rose from €39,628 to €59,396.
Nine of the last ten came late. The 2019 accounts came latest: 101 days after the end of the period.
Less equity than 95% of companies in fabricated metal products. Sector median €72,830 · 2,346 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 7% of them on solvency, 39% on liquidity, 29% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,379 companies had the same profile as LASCOTEC has now. Each dot stands for 4 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LASCOTEC itself: 1.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for LASCOTEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.83 (0.23 in 2024), below 1. Short-term debt is 15.9% and cash 0.9% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LASCOTEC Berlaar | €373,741 | €60,634 | -7.1% | - |
| Bopage Damme | €386,244 | €68,228 | 66.2% | - |
| Vermeiren Engineering Rijkevorsel | €663,054 | €131,344 | 94.0% | - |
| Ophoff Projects Schilde | €317,083 | €80,020 | 97.6% | - |
| TROUBLEYN TECHNISCHE SERVICE Bornem | €297,591 | €106,270 | 77.3% | - |
| IDEA Construct Meise | €222,977 | €55,440 | 38.1% | - |
| VCDM Brakel | €223,904 | €53,973 | -29.2% | - |
These companies have the same main activity as LASCOTEC: manufacture of fabricated metal products, except machinery and equipment (NACE 25210). They are comparable in size and age: total assets between €223,000 and €663,000, founded between 2000 and 2017.
LASCOTEC files the micro format. That format states no turnover. The gross margin rose from €39,084 in 2012 to €60,634 in 2025.
The balance sheet grew most in 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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