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Lasko

Active
Private limited companyfounded 2020active for 6 yearsBouwschen Pad 41, 2300 Turnhout, BelgiumKBO/BCE: BE 0750.755.749

Financials · financial year 2024, abbreviated 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 26-11-2025 PDF all 4 filings

Turnover
€230,375▲ 52.8%
2023 · €150,734
EBIT margin
70.1%▲ 13.0pp
2023 · 57.1%
Net result
€123,656▲ 83.2%
2023 · €67,515
Working capital
€89,300▼ 56.8%
2023 · €206,587
Multi-year overview
2021 to 2024, 4 financial years
Turnover
€230,375
▲ 52.8% 2024
20212024
Operating result
€161,521
▲ 87.5% 2024
20212024
Net result
€123,656
▲ 83.2% 2024
middle half of the sector
20212024
EBIT margin
70.1%
▲ 13.0pp 2024
20212024
Equity
€89,300
▼ 56.8% 2024
middle half of the sector
20212024
Total assets
€391,238
▲ 36.0% 2024
middle half of the sector
20212024
Debt
€301,938
▲ 272% 2024
20212024
Working capital
€89,300
▼ 56.8% 2024
middle half of the sector
20212024
Solvency
22.8%
▼ 49.0pp 2024
middle half of the sector
20212024
Current ratio
1.30
▼ 2.25 2024
middle half of the sector
20212024
Return on assets (ROA)
31.6%
▲ 8.1pp 2024
highest quarter of the sector
20212024
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2021202220232024
Turnover€156,644€150,734▼ 3.8%€230,375▲ 52.8%
Operating result€124,610-€61,722▼ 50.5%€86,143▲ 39.6%€161,521▲ 87.5%
Net result€87,556above the sector's middle half-€49,515above the sector's middle half▼ 43.4%€67,515above the sector's middle half▲ 36.4%€123,656within the sector's middle half▲ 83.2%
EBIT margin39.4%57.1%▲ 17.7pp70.1%▲ 13.0pp
Equity€89,556within the sector's middle half-€139,072within the sector's middle half▲ 55.3%€206,587above the sector's middle half▲ 48.5%€89,300within the sector's middle half▼ 56.8%
Total assets€191,269within the sector's middle half-€276,863within the sector's middle half▲ 44.8%€287,729within the sector's middle half▲ 3.9%€391,238within the sector's middle half▲ 36.0%
Debt€101,713-€137,792▲ 35.5%€81,142▼ 41.1%€301,938▲ 272%
Working capital€111,292above the sector's middle half-€144,308above the sector's middle half▲ 29.7%€206,587above the sector's middle half▲ 43.2%€89,300within the sector's middle half▼ 56.8%
Solvency46.8%within the sector's middle half-50.2%within the sector's middle half▲ 3.4pp71.8%within the sector's middle half▲ 21.6pp22.8%within the sector's middle half▼ 49.0pp
Current ratio2.39within the sector's middle half-2.09within the sector's middle half▼ 0.303.55within the sector's middle half▲ 1.461.30within the sector's middle half▼ 2.25
Return on assets (ROA)45.8%above the sector's middle half-17.9%within the sector's middle half▼ 27.9pp23.5%within the sector's middle half▲ 5.6pp31.6%above the sector's middle half▲ 8.1pp
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 88% higher than in 2023 and the highest since 2021. It is the second rise in a row, after the fall in 2022.

Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €391,238
Equity €89,300 ▼ 56.8%
Debt €301,938 ▲ 272%
Debt's share of the balance-sheet total rises from 28.2% to 77.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€161,521
Cash flow
€123,656
Debt to equity
3.38▲
2023 · 0.39
ROE
138.5%▲
2023 · 32.7%
Interest coverage
over 100
Debt ≤ 1 year
€301,938▲
2023 · €81,142
Income taxes
€37,882▲
2023 · €17,629
Customer credit
61 days▲
2023 · 49 days
Staff costs
€0▼
2023 · €181
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item2021202220232024
Financial fixed assets€60---
Depreciation and write-downs of the year---€0

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€287,729€391,238▲
Current assets29/58€287,729€391,238▲
Amounts receivable within one year40/41€20,175€113,507▲
Trade receivables40€20,175€38,381▲
Other amounts receivable41-€75,126
Cash at bank and in hand54/58€266,466€276,599▲
Deferred charges and accrued income490/1€1,088€1,132▲
Equity and liabilities
Total equity and liabilities10/49€287,729€391,238▲
Equity10/15€206,587€89,300▼
Contributions10/11€2,000€2,000=
Reserves13€87,300€87,300=
Distributable reserves133€87,300€87,300=
Profit (loss) carried forward14€117,287-
Amounts payable17/49€81,142€301,938▲
Amounts payable within one year42/48€81,142€301,938▲
Trade debts44€8,200-
Suppliers440/4€8,200-
Taxes, remuneration and social security45€33,864€97,136▲
Taxes450/3€33,864€97,136▲
Other amounts payable47/48€39,078€204,801▲
Income statement Code20232024
Turnover70€150,734€230,375▲
Goods, raw materials, services and sundry goods60/61€60,904€68,368▲
Remuneration, social security and pensions62€181€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0
Other operating charges640/8€3,507€485▼
Gross operating margin9900€89,831€162,006▲
Operating profit (loss)9901€86,143€161,521▲
Financial income75/76B€10€204▲
Recurring financial income75€10€204▲
Financial charges65/66B€1,008€187▼
Recurring financial charges65€1,008€187▼
Profit (loss) for the period before taxes9903€85,144€161,538▲
Income taxes67/77€17,629€37,882▲
Profit (loss) for the period9904€67,515€123,656▲
Profit (loss) for the period to be appropriated9905€67,515€123,656▲
Appropriation of the result
Profit (loss) to be appropriated9906€117,287€240,943▲
Profit (loss) brought forward from the previous period14P€49,772€117,287▲
Profit to be distributed694/7-€240,943
Return on contributions (dividend)694-€240,943

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 26-11-2025.

Line2021202220232024Change
Turnover70-€156,644€150,734€230,375▲ 52.8%
Non-recurring operating income76A-€626---
Goods, raw materials, services and sundry goods60/61-€94,026€60,904€68,368▲ 12.3%
Remuneration, social security and pensions62--€181€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€0-
Other operating charges640/8€581€2,080€3,507€485▼ 86.2%
Gross operating margin9900€125,191€63,801€89,831€162,006▲ 80.3%
Operating profit (loss)9901€124,610€61,722€86,143€161,521▲ 87.5%
Financial income75/76B--€10€204▲ 21×
Recurring financial income75--€10€204▲ 21×
Financial charges65/66B€345€153€1,008€187▼ 81.5%
Recurring financial charges65€345€153€1,008€187▼ 81.5%
Profit (loss) for the period before taxes9903€124,265€61,568€85,144€161,538▲ 89.7%
Income taxes67/77€36,709€12,053€17,629€37,882▲ 115%
Profit (loss) for the period9904€87,556€49,515€67,515€123,656▲ 83.2%
Profit (loss) for the period to be appropriated9905€87,556€49,515€67,515€123,656▲ 83.2%
Line2021202220232024Change
Assets
Total assets20/58€191,269€276,863€287,729€391,238▲ 36.0%
Fixed assets21/28€60€60---
Financial fixed assets28€60€60---
Current assets29/58€191,209€276,803€287,729€391,238▲ 36.0%
Amounts receivable within one year40/41€42,141€14,034€20,175€113,507▲ 463%
Trade receivables40€42,141€14,034€20,175€38,381▲ 90.2%
Other amounts receivable41---€75,126-
Cash at bank and in hand54/58€149,068€261,755€266,466€276,599▲ 3.8%
Deferred charges and accrued income490/1-€1,015€1,088€1,132▲ 4.1%
Equity and liabilities
Total equity and liabilities10/49€191,269€276,863€287,729€391,238▲ 36.0%
Equity10/15€89,556€139,072€206,587€89,300▼ 56.8%
Contributions10/11€2,000€2,000€2,000€2,000=
Reserves13€87,300€87,300€87,300€87,300=
Distributable reserves133€87,300€87,300€87,300€87,300=
Profit (loss) carried forward14€256€49,772€117,287--
Amounts payable17/49€101,713€137,792€81,142€301,938▲ 272%
Amounts payable within one year42/48€79,917€132,495€81,142€301,938▲ 272%
Trade debts44€7,362€9,910€8,200--
Suppliers440/4€7,362€9,910€8,200--
Taxes, remuneration and social security45€47,118€111,858€33,864€97,136▲ 187%
Taxes450/3€47,118€60,863€33,864€97,136▲ 187%
Remuneration and social security454/9-€50,996---
Other amounts payable47/48€25,437€10,727€39,078€204,801▲ 424%
Accrued charges and deferred income492/3€21,796€5,297---
Line2021202220232024Change
Profit (loss) for the period9904€87,556€49,515€67,515€123,656▲ 83.2%
+ Depreciation and write-downs630---€0-
Operating cash flow (approximation)€87,556€49,515€67,515€123,656▲ 83.2%
Investment in fixed assets (approximation)-€0---
Change in cash-€112,687€4,711€10,133▲ 115%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 6,713 companies had the same profile as Lasko has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.2% stopped otherwise
1.8% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Lasko itself: 2.0% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,713 companies, not a prediction for Lasko. 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.

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2024 abbreviated format 26-11-2025 2025-00573195 PDF
31-12-2023 micro format 20-02-2025 2025-00037293 PDF
31-12-2022 micro format 28-11-2023 2023-00519907 PDF
31-12-2021 micro format 29-11-2022 2022-20528479 PDF

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