LASERSPEC
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 30-09-2025 PDF all 24 filings
Turnover
≈ €210,000
Estimated: probably between €160,000 and €270,000
Total assets
€259,779▲ 0.4%
2023 · €258,621
Net result
€3,725
2023 · -€38,617
Working capital
€37,745▲ 11.4%
2023 · €33,872
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€1,722
2024
20182024
Net result
€3,725
2024
middle half of the sector
20182024
Equity
€38,868
▲ 10.6%
2024
middle half of the sector
20182024
Total assets
€259,779
▲ 0.4%
2024
middle half of the sector
20182024
Debt
€220,912
▼ 1.1%
2024
20182024
Working capital
€37,745
▲ 11.4%
2024
middle half of the sector
20182024
Solvency
15.0%
▲ 1.4pp
2024
lowest quarter of the sector
20182024
Current ratio
1.17
▲ 0.02
2024
middle half of the sector
20182024
Return on assets (ROA)
1.4%
▲ 16.4pp
2024
middle half of the sector
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€12,529--€118,951€76,305€16,033▼ 79.0%-€39,683-€27,595▲ 30.5%€1,722
Net result€6,689--€121,092€67,340above the sector's middle half€11,737within the sector's middle half▼ 82.6%-€73,322below the sector's middle half-€38,617below the sector's middle half▲ 47.3%€3,725within the sector's middle half
Equity€189,096-€68,005▼ 64.0%€135,344within the sector's middle half▲ 99.0%€147,082within the sector's middle half▲ 8.7%€73,760within the sector's middle half▼ 49.9%€35,143within the sector's middle half▼ 52.4%€38,868within the sector's middle half▲ 10.6%
Total assets€365,927-€527,153▲ 44.1%€573,346above the sector's middle half▲ 8.8%€386,935above the sector's middle half▼ 32.5%€345,823above the sector's middle half▼ 10.6%€258,621within the sector's middle half▼ 25.2%€259,779within the sector's middle half▲ 0.4%
Debt€176,831-€459,148▲ 160%€438,001▼ 4.6%€239,853▼ 45.2%€272,063▲ 13.4%€223,478▼ 17.9%€220,912▼ 1.1%
Working capital€182,778-€66,390▼ 63.7%€184,332above the sector's middle half▲ 178%€192,977above the sector's middle half▲ 4.7%€69,264within the sector's middle half▼ 64.1%€33,872within the sector's middle half▼ 51.1%€37,745within the sector's middle half▲ 11.4%
Solvency51.7%-12.9%▼ 38.8pp23.6%below the sector's middle half▲ 10.7pp38.0%within the sector's middle half▲ 14.4pp21.3%below the sector's middle half▼ 16.7pp13.6%below the sector's middle half▼ 7.7pp15.0%below the sector's middle half▲ 1.4pp
Current ratio2.06-1.14▼ 0.911.48within the sector's middle half▲ 0.332.02within the sector's middle half▲ 0.541.25within the sector's middle half▼ 0.761.15within the sector's middle half▼ 0.101.17within the sector's middle half▲ 0.02
Return on assets (ROA)1.8%--23.0%▼ 24.8pp11.7%within the sector's middle half▲ 34.7pp3.0%within the sector's middle half▼ 8.7pp-21.2%below the sector's middle half▼ 24.2pp-14.9%below the sector's middle half▲ 6.3pp1.4%within the sector's middle half▲ 16.4pp
Staff (FTE)1-1=1within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €1,722, after a loss of €27,595 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €259,779
Fixed assets
€1,645 ▲ 25.7%
Current assets
€258,134 ▲ 0.3%
Equity and liabilities €259,779
Equity
€38,868 ▲ 10.6%
Debt
€220,912 ▼ 1.1%
Debt's share of the balance-sheet total falls from 86.4% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,073▲
2023 · -€24,408
Cash flow
€5,075▲
2023 · -€35,430
Quick ratio
0.74▲
2023 · 0.73
Debt to equity
5.68▼
2023 · 6.36
ROE
9.6%▲
2023 · -109.9%
Interest coverage
2.67▲
2023 · -16.50
Debt ≤ 1 year
€220,389▼
2023 · €223,440
Income taxes
€140▼
2023 · €9,639
Staff costs
€91,752▼
2023 · €92,682
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2019 | 31-12-2020 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2019 to 2020 annual accounts
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,844 | €2,479 | - | €1,687 |
| Depreciation and write-downs of the year | €1,467 | €2,752 | €2,087 | €3,187 | €1,350 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,844 | €3,199 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €62,404 | €66,486 | €82,335 | €81,287 | €92,682 | €91,752 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,358 | €9,992 | €1,467 | €2,752 | €2,087 | €3,187 | €1,350 | ▼ 57.6% |
| Other operating charges640/8 | - | €2,972 | €508 | €3,042 | €23,291 | €13,278 | €7,654 | ▼ 42.4% |
| Non-recurring operating charges66A | - | - | €1,393 | - | €7,302 | €0 | - | - |
| Gross operating margin9900 | €80,746 | -€43,583 | €146,159 | €104,161 | €74,284 | €81,552 | €102,478 | ▲ 25.7% |
| Operating profit (loss)9901 | €12,529 | -€118,951 | €76,305 | €16,033 | -€39,683 | -€27,595 | €1,722 | - |
| Financial income75/76B | - | €1,069 | €164 | €3,180 | €46 | €97 | €3,594 | ▲ 37× |
| Recurring financial income75 | €204 | €1,069 | €164 | €12 | €0 | €42 | €0 | ▼ 99.5% |
| Non-recurring financial income76B | - | - | - | €3,168 | €46 | €55 | €3,594 | ▲ 65× |
| Financial charges65/66B | - | €3,051 | €2,265 | €5,184 | €22,786 | €1,479 | €1,452 | ▼ 1.8% |
| Recurring financial charges65 | €1,220 | €3,051 | €2,265 | €5,184 | €22,786 | €1,479 | €1,151 | ▼ 22.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €301 | - |
| Profit (loss) for the period before taxes9903 | €11,513 | -€120,933 | €74,204 | €14,029 | -€62,423 | -€28,978 | €3,864 | - |
| Income taxes67/77 | €4,825 | €159 | €6,865 | €2,292 | €10,899 | €9,639 | €140 | ▼ 98.6% |
| Profit (loss) for the period9904 | €6,689 | -€121,092 | €67,340 | €11,737 | -€73,322 | -€38,617 | €3,725 | - |
| Profit (loss) for the period to be appropriated9905 | €6,689 | -€121,092 | €67,340 | €11,737 | -€73,322 | -€38,617 | €3,725 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €365,927 | €527,153 | €573,346 | €386,935 | €345,823 | €258,621 | €259,779 | ▲ 0.4% |
| Fixed assets21/28 | €10,572 | €2,480 | €1,013 | €4,105 | €4,496 | €1,309 | €1,645 | ▲ 25.7% |
| Tangible fixed assets22/27 | €10,363 | €2,271 | €804 | €3,896 | €4,287 | €1,100 | €1,437 | ▲ 30.6% |
| Land and buildings22 | - | €1,005 | €171 | - | - | - | - | - |
| Furniture and vehicles24 | - | €1,266 | €633 | €3,896 | €4,287 | €1,100 | €1,437 | ▲ 30.6% |
| Financial fixed assets28 | €209 | €209 | €209 | €209 | €209 | €209 | €209 | = |
| Current assets29/58 | €355,355 | €524,673 | €572,333 | €382,830 | €341,327 | €257,312 | €258,134 | ▲ 0.3% |
| Stocks and contracts in progress3 | €56,513 | €56,513 | €56,513 | €56,513 | €95,200 | €95,200 | €95,200 | = |
| Stocks30/36 | - | €56,513 | €56,513 | €56,513 | €95,200 | €95,200 | €95,200 | = |
| Amounts receivable within one year40/41 | €281,578 | €465,863 | €493,589 | €323,747 | €156,844 | €101,769 | €140,635 | ▲ 38.2% |
| Trade receivables40 | - | €456,708 | €484,435 | €314,040 | €154,512 | €100,591 | €140,110 | ▲ 39.3% |
| Other amounts receivable41 | - | €9,155 | €9,155 | €9,707 | €2,331 | €1,177 | €525 | ▼ 55.4% |
| Cash at bank and in hand54/58 | €17,180 | €1,369 | €21,507 | €578 | €88,384 | €59,345 | €22,079 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | - | €929 | €724 | €1,993 | €899 | €999 | €221 | ▼ 77.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €365,927 | €527,153 | €573,346 | €386,935 | €345,823 | €258,621 | €259,779 | ▲ 0.4% |
| Equity10/15 | €189,096 | €68,005 | €135,344 | €147,082 | €73,760 | €35,143 | €38,868 | ▲ 10.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - | - | - |
| Contributions outside capital11 | - | - | €6,200 | - | - | - | - | - |
| Other1109/19 | - | - | €6,200 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €69,200 | €80,937 | €80,937 | €80,937 | €80,937 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €67,340 | €79,077 | €79,077 | €79,077 | €79,077 | = |
| Profit (loss) carried forward14 | €181,036 | €59,945 | €59,945 | €59,945 | -€13,377 | -€51,994 | -€48,269 | ▲ 7.2% |
| Amounts payable17/49 | €176,831 | €459,148 | €438,001 | €239,853 | €272,063 | €223,478 | €220,912 | ▼ 1.1% |
| Amounts payable after more than one year17 | €4,253 | €865 | €50,000 | €50,000 | €0 | - | - | - |
| Financial debts170/4 | - | €865 | €50,000 | €50,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €172,578 | €458,283 | €388,001 | €189,853 | €272,063 | €223,440 | €220,389 | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | - | €3,388 | €1,723 | - | - | - | - | - |
| Trade debts44 | €127,725 | €305,073 | €203,770 | €40,257 | €85,319 | €28,250 | €20,894 | ▼ 26.0% |
| Suppliers440/4 | - | €305,073 | €203,770 | €40,257 | €85,319 | €28,250 | €20,894 | ▼ 26.0% |
| Advances received on contracts in progress46 | - | - | - | €552 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €54,580 | €47,835 | €50,041 | €38,965 | €57,535 | €73,764 | ▲ 28.2% |
| Taxes450/3 | - | €43,975 | €32,882 | €17,428 | €16,927 | €20,472 | €29,096 | ▲ 42.1% |
| Remuneration and social security454/9 | - | €10,605 | €14,953 | €32,612 | €22,038 | €37,063 | €44,668 | ▲ 20.5% |
| Other amounts payable47/48 | - | €95,242 | €134,674 | €99,003 | €147,779 | €137,655 | €125,731 | ▼ 8.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €38 | €522 | ▲ 14× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,689 | -€121,092 | €67,340 | €11,737 | -€73,322 | -€38,617 | €3,725 | - |
| + Depreciation and write-downs630 | €9,358 | €9,992 | €1,467 | €2,752 | €2,087 | €3,187 | €1,350 | ▼ 57.6% |
| Operating cash flow (approximation) | €16,047 | -€111,100 | €68,807 | €14,489 | -€71,235 | -€35,430 | €5,075 | - |
| Investment in fixed assets (approximation) | - | -€1,899 | €0 | -€5,844 | -€2,479 | €0 | -€1,687 | - |
| Change in cash | - | -€15,811 | €20,139 | -€20,930 | €87,806 | -€29,039 | -€37,267 | ▼ 28.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,984 companies had the same profile as LASERSPEC has now. Two years later, 96.5% were still going and 1.1% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.5%
was still going
2.3%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of LASERSPEC itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,984 companies, not a prediction for LASERSPEC. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00516793 | |
| 31-12-2023 | micro format | 07-12-2024 | 2024-00611705 | |
| 31-12-2022 | micro format | 31-08-2024 | 2024-00455289 | |
| 31-12-2021 | micro format | 03-12-2022 | 2022-20531112 | |
| 31-12-2020 | micro format | 05-10-2022 | 2022-20451049 | |
| 31-12-2019 | micro format | 05-10-2022 | 2022-20451040 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66800423 | |
| 31-12-2017 | micro format | 26-07-2019 | 2019-38700114 | |
| 31-12-2016 | micro format | 11-10-2017 | 2017-66900310 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-49100418 |