Equity
LASER SYSTEM EUROPE paid out €150,000 in dividends. That is 29% of the 2025 profit.
LASER SYSTEM EUROPE paid out €150,000 in dividends. That is 29% of the 2025 profit.
Back in profit in 2025, after a loss of €361,000 in 2024.
The accounts state no turnover.
In 2025, 11 people joined and 8 left.
Nine of the last ten came late. The 2022 accounts came latest: 66 days after the end of the period.
Higher net result than 94% of companies in wholesale trade. Sector median €26,717 · 9,877 companies.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 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 46, micro). It does better than 55% of them on solvency, 54% on liquidity, 73% on profitability and 72% 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 very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as LASER SYSTEM EUROPE has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LASER SYSTEM EUROPE itself: 0.1% 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 31,368 companies, not a prediction for LASER SYSTEM EUROPE. 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 tight, with a current ratio of 1.44 (1.07 in 2024), below the usual 1.5. Short-term debt is 36.9% and cash 13.9% of total assets. 52.3% of the assets are financed with debt and provisions.
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 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LASER SYSTEM EUROPE Lasne | €5.6m | €2.3m | 47.7% | 6.7 |
| CREO MEDICAL Anderlecht | €4.3m | €2.0m | 83.5% | 9.6 |
| CONTROLLUX Geel | €4.8m | €1.7m | 31.3% | 9.9 |
| BRN Aalst | €4.1m | €1.6m | 49.9% | 9.6 |
| LAS - SERVICE Antwerp | €4.6m | €2.3m | 72.5% | 10.6 |
| PACKAS Waregem | €3.9m | €1.2m | 28.8% | 7 |
| DEFIMEX Rixensart | €5.0m | €1.0m | 61.0% | 3.7 |
These companies have the same main activity as LASER SYSTEM EUROPE: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €3.9m and €5m, founded between 1986 and 1997.
LASER SYSTEM EUROPE files the abbreviated format. That format states no turnover. The gross margin rose from €593,329 in 2006 to €2.3m in 2025.
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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