LATEM (0802.618.877): financials and annual accounts

LATEM

Ghent ·KBO/BCE: BE 0802.618.877

Line	2025	2024
Balance sheet: assets
Total assets`20/58`	2.6m	2.4m
Fixed assets`21/28`	2.1m	2.1m
Tangible fixed assets`22/27`	2.1m	2.1m
Land and buildings`22`	2.0m	2.1m
Furniture and vehicles`24`	35,722	40,321
Current assets`29/58`	491,825	261,640
Amounts receivable within one year`40/41`	490,050	245,025
Trade receivables`40`	490,050	245,025
Cash at bank and in hand`54/58`	1,363	16,221
Deferred charges and accrued income`490/1`	412	394
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.6m	2.4m
Equity`10/15`	-131,972	-186,431
Contributions`10/11`	10,000	10,000
Profit (loss) carried forward`14`	-141,972	-196,431
Amounts payable`17/49`	2.7m	2.6m
Amounts payable after more than one year`17`	999,920	1.1m
Financial debts`170/4`	999,920	1.1m
Amounts payable within one year`42/48`	1.7m	1.4m
Current portion of amounts payable after more than one year`42`	127,080	121,361
Trade debts`44`	97,261	36,324
Suppliers`440/4`	97,261	36,324
Taxes, remuneration and social security`45`	15,530	12,611
Taxes`450/3`	15,530	12,611
Other amounts payable`47/48`	1.4m	1.3m
Accrued charges and deferred income`492/3`	22,500	-
Income statement
Gross operating margin`9900`	184,652	286,541
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	51,951	366,240
Other operating charges`640/8`	3,040	3,091
Operating profit (loss)`9901`	129,661	-82,789
Financial income`75/76B`	0	234
Recurring financial income`75`	0	234
Financial charges`65/66B`	75,202	113,876
Recurring financial charges`65`	75,202	113,876
Profit (loss) for the period before taxes`9903`	54,459	-196,431
Profit (loss) for the period`9904`	54,459	-196,431
Profit (loss) for the period to be appropriated`9905`	54,459	-196,431
Appropriation of the result
Profit (loss) to be appropriated`9906`	-141,972	-196,431
Profit (loss) brought forward from the previous period`14P`	-196,431	-
Document	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-07-2026	2026-00360554	PDF
31-12-2024	micro format	31-07-2025	2025-00355996	PDF

Line	2025	2024
EBITDA	181,611	283,450
Cash flow	106,410	169,809
Investment in fixed assets (approximation)	0	2.5m
Change in cash	-14,858	-
Working capital	-1.2m	-1.2m
Solvency	-5.2%	-7.8%
Current ratio	0.30	0.18
ROA	2.1%	-8.3%
Interest coverage	2.41	2.49

Item	2025	2024
Mortgages, amount registered	€27,500	€27,500
Mortgage mandates	€1.5m	€1.5m
Carrying value of the mortgaged assets	€2.0m	€2.1m

Item	2025	2024
Tangible fixed assets	-	€2.5m
Depreciation and write-downs of the year	€51,951	€366,240

LATEM

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-5.2%

Current ratio0.30

Return on assets2.1%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on LATEM

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