Lastech42
ActiveSummary
The computed 12-month bankruptcy probability of Lastech42 is 1.9% (moderate). The 2025 annual accounts show equity of €14,315 and a net result of €3,163. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 71% of 83 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+73
Solvency84▲+27
Growth32=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.79 in 2024; short-term debt: 41.4% of total assets), and 41.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€14,315▲ 28.4%
2024 · €11,151
Total assets
€24,413▼ 30.1%
2024 · €34,907
Net result
€3,163
2024 · -€4,321
Working capital
€10,352▼ 16.9%
2024 · €12,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€12,043--€1,715€5,781
Net result€7,472within the sector's middle half--€4,321within the sector's middle half€3,163within the sector's middle half
Equity€15,472below the sector's middle half-€11,151below the sector's middle half▼ 27.9%€14,315within the sector's middle half▲ 28.4%
Total assets€35,019below the sector's middle half-€34,907below the sector's middle half▼ 0.3%€24,413below the sector's middle half▼ 30.1%
Debt€19,547-€23,755▲ 21.5%€10,098▼ 57.5%
Working capital€11,642within the sector's middle half-€12,464within the sector's middle half▲ 7.1%€10,352within the sector's middle half▼ 16.9%
Solvency44.2%within the sector's middle half-31.9%within the sector's middle half▼ 12.2pp58.6%within the sector's middle half▲ 26.7pp
Current ratio1.60within the sector's middle half-1.79within the sector's middle half▲ 0.202.03within the sector's middle half▲ 0.23
Return on assets (ROA)21.3%above the sector's middle half--12.4%below the sector's middle half▼ 33.7pp13.0%within the sector's middle half▲ 25.3pp
above
within
below
the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,781 after a loss of €1,715 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,413
Fixed assets
€3,962 ▼ 40.8%
Current assets
€20,451 ▼ 27.5%
Equity and liabilities €24,413
Equity
€14,315 ▲ 28.4%
Debt
€10,098 ▼ 57.5%
Debt's share of the balance-sheet total falls from 68.1% to 41.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,894▲
2024 · €2,727
Cash flow
€6,276▲
2024 · €122
Debt to equity
0.71▼
2024 · 2.13
ROE
22.1%▲
2024 · -38.7%
Interest coverage
5.79▲
2024 · 0.83
Debt ≤ 1 year
€10,098▼
2024 · €15,755
Income taxes
€2,171▲
2024 · €216
Staff costs
€150▼
2024 · €380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16,887 | - |
| Remuneration, social security and pensions62 | - | €380 | €150 | ▼ 60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,080 | €4,443 | €3,113 | ▼ 29.9% |
| Other operating charges640/8 | €253 | €132 | €141 | ▲ 6.7% |
| Gross operating margin9900 | €16,376 | €3,239 | €9,185 | ▲ 184% |
| Operating profit (loss)9901 | €12,043 | -€1,715 | €5,781 | ▲ 437% |
| Financial income75/76B | €1,184 | €913 | €1,090 | ▲ 19.4% |
| Recurring financial income75 | €1,184 | €913 | €1,090 | ▲ 19.4% |
| Financial charges65/66B | €560 | €3,303 | €1,537 | ▼ 53.5% |
| Recurring financial charges65 | €560 | €3,303 | €1,537 | ▼ 53.5% |
| Profit (loss) for the period before taxes9903 | €12,668 | -€4,105 | €5,334 | ▲ 230% |
| Income taxes67/77 | €5,196 | €216 | €2,171 | ▲ 905% |
| Profit (loss) for the period9904 | €7,472 | -€4,321 | €3,163 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | €7,472 | -€4,321 | €3,163 | ▲ 173% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35,019 | €34,907 | €24,413 | ▼ 30.1% |
| Fixed assets21/28 | €3,830 | €6,688 | €3,962 | ▼ 40.8% |
| Tangible fixed assets22/27 | €3,830 | €5,888 | €3,162 | ▼ 46.3% |
| Plant, machinery and equipment23 | €3,830 | €5,888 | €3,162 | ▼ 46.3% |
| Financial fixed assets28 | - | €800 | €800 | = |
| Current assets29/58 | €31,189 | €28,219 | €20,451 | ▼ 27.5% |
| Amounts receivable within one year40/41 | €29,356 | €27,003 | €19,516 | ▼ 27.7% |
| Trade receivables40 | €14,451 | €5,854 | €1,950 | ▼ 66.7% |
| Other amounts receivable41 | €14,905 | €21,149 | €17,566 | ▼ 16.9% |
| Cash at bank and in hand54/58 | €1,833 | €1,216 | - | - |
| Deferred charges and accrued income490/1 | - | - | €935 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35,019 | €34,907 | €24,413 | ▼ 30.1% |
| Equity10/15 | €15,472 | €11,151 | €14,315 | ▲ 28.4% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €7,472 | €7,472 | €6,315 | ▼ 15.5% |
| Distributable reserves133 | €7,472 | €7,472 | €6,315 | ▼ 15.5% |
| Profit (loss) carried forward14 | - | -€4,321 | - | - |
| Amounts payable17/49 | €19,547 | €23,755 | €10,098 | ▼ 57.5% |
| Amounts payable within one year42/48 | €19,547 | €15,755 | €10,098 | ▼ 35.9% |
| Financial debts43 | - | - | €29 | - |
| Credit institutions430/8 | - | - | €29 | - |
| Trade debts44 | €16,443 | €12,651 | €3,189 | ▼ 74.8% |
| Suppliers440/4 | €16,443 | €12,651 | €3,189 | ▼ 74.8% |
| Taxes, remuneration and social security45 | €3,104 | €3,104 | €6,880 | ▲ 122% |
| Taxes450/3 | €3,104 | €3,104 | €6,880 | ▲ 122% |
| Accrued charges and deferred income492/3 | - | €8,000 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,472 | -€4,321 | €3,163 | ▲ 173% |
| + Depreciation and write-downs630 | €4,080 | €4,443 | €3,113 | ▼ 29.9% |
| Operating cash flow (approximation) | €11,552 | €122 | €6,276 | ▲ 5,051% |
| Investment in fixed assets (approximation) | - | -€7,300 | -€388 | ▲ 94.7% |
| Change in cash | - | -€617 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €3,163
Net result €3,163 after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet -€4,321
Net result drops to -€4,321, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2021
Ground area
337 m²
Building footprint
119 m²
Volume, LiDAR
730 m³
Parcel 44017A0887/00C003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lastech42
since 20212.324.613.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A0887/00C003 | Flanders | 337 m² | 1 · 119 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 165 companies in sector 24200 we hold annual accounts for 95. 41 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2021
Fiscal year end30-06
Activities, NACEBEL 2025
24200Manufacture of basic metals
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776526372
Also
9925:BE0776526372
Registered
20-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.