Latem Interior Projects
ActiveSummary
The computed 12-month bankruptcy probability of Latem Interior Projects is 2.5% (moderate). The 2025 annual accounts show negative equity (-€32,072) and a net result of €15,786. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 18626 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
Profitability100▲+87
Solvency0=
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.95 against 1.54 in 2024; short-term debt: 51.4% and cash: 15.2% of total assets), but equity is negative.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-55.3%
Return on assets
27.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 12%
← weakest
strongest →
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 12-12-2025, 50 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
50 d early
2024
25 d early
2023
40 d early
← 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 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 22 December (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€32,072▲ 33.0%
2024 · -€47,859
Total assets
€57,950▼ 67.9%
2024 · €180,633
Net result
€15,786
2024 · -€7,963
Working capital
€28,175▼ 52.3%
2024 · €59,075
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€42,264--€7,342▲ 82.6%€17,365
Net result-€49,896below the sector's middle half--€7,963below the sector's middle half▲ 84.0%€15,786within the sector's middle half
Equity-€39,896below the sector's middle half--€47,859below the sector's middle half▼ 20.0%-€32,072below the sector's middle half▲ 33.0%
Total assets€208,519within the sector's middle half-€180,633within the sector's middle half▼ 13.4%€57,950within the sector's middle half▼ 67.9%
Debt€248,415-€228,492▼ 8.0%€90,023▼ 60.6%
Working capital€59,166within the sector's middle half-€59,075within the sector's middle half▼ 0.2%€28,175within the sector's middle half▼ 52.3%
Solvency-19.1%below the sector's middle half--26.5%below the sector's middle half▼ 7.4pp-55.3%below the sector's middle half▼ 28.8pp
Current ratio1.44within the sector's middle half-1.54within the sector's middle half▲ 0.101.95within the sector's middle half▲ 0.41
Return on assets (ROA)-23.9%below the sector's middle half--4.4%below the sector's middle half▲ 19.5pp27.2%above the sector's middle half▲ 31.6pp
Staff (FTE)0.2-2▲ 900%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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: €17,365 after a loss of €7,342 in 2024, the highest result in the available series.
Key figures and ratios
Quick ratio
1.34▲
2024 · 0.68
Debt to equity
-2.81▲
2024 · -4.77
Debt ≤ 1 year
€29,776▼
2024 · €110,158
Debt > 1 year
€45,844▼
2024 · €107,315
Staff costs
€155▼
2024 · €7,703
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,180 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 |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21,018 | €7,703 | €155 | ▼ 98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,306 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €11,278 | - |
| Other operating charges640/8 | €2,380 | €1,371 | €208 | ▼ 84.8% |
| Non-recurring operating charges66A | - | €3,495 | €0 | ▼ 100% |
| Gross operating margin9900 | -€12,560 | €5,228 | €29,007 | ▲ 455% |
| Operating profit (loss)9901 | -€42,264 | -€7,342 | €17,365 | ▲ 337% |
| Financial income75/76B | €14 | €4,218 | €2,189 | ▼ 48.1% |
| Recurring financial income75 | €14 | €4,218 | €2,189 | ▼ 48.1% |
| Financial charges65/66B | €7,646 | €4,839 | €3,768 | ▼ 22.1% |
| Recurring financial charges65 | €7,646 | €4,839 | €3,768 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | -€49,896 | -€7,963 | €15,786 | ▲ 298% |
| Profit (loss) for the period9904 | -€49,896 | -€7,963 | €15,786 | ▲ 298% |
| Profit (loss) for the period to be appropriated9905 | -€49,896 | -€7,963 | €15,786 | ▲ 298% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €208,519 | €180,633 | €57,950 | ▼ 67.9% |
| Fixed assets21/28 | €14,979 | €11,400 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,495 | €0 | - | - |
| Other tangible fixed assets26 | €3,495 | €0 | - | - |
| Financial fixed assets28 | €11,484 | €11,400 | €0 | ▼ 100% |
| Current assets29/58 | €193,540 | €169,233 | €57,950 | ▼ 65.8% |
| Stocks and contracts in progress3 | €90,639 | €94,035 | €18,082 | ▼ 80.8% |
| Stocks30/36 | €90,639 | €94,035 | €18,082 | ▼ 80.8% |
| Amounts receivable within one year40/41 | €91,686 | €59,615 | €31,038 | ▼ 47.9% |
| Trade receivables40 | €91,567 | €59,615 | €31,007 | ▼ 48.0% |
| Other amounts receivable41 | €119 | €0 | €31 | - |
| Cash at bank and in hand54/58 | €6,530 | €14,976 | €8,831 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | €4,685 | €608 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €208,519 | €180,633 | €57,950 | ▼ 67.9% |
| Equity10/15 | -€39,896 | -€47,859 | -€32,072 | ▲ 33.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€49,896 | -€57,859 | -€42,072 | ▲ 27.3% |
| Amounts payable17/49 | €248,415 | €228,492 | €90,023 | ▼ 60.6% |
| Amounts payable after more than one year17 | €107,315 | €107,315 | €45,844 | ▼ 57.3% |
| Other amounts payable178/9 | €107,315 | €107,315 | €45,844 | ▼ 57.3% |
| Amounts payable within one year42/48 | €134,374 | €110,158 | €29,776 | ▼ 73.0% |
| Trade debts44 | €94,854 | €107,356 | €21,604 | ▼ 79.9% |
| Suppliers440/4 | €94,854 | €107,356 | €21,604 | ▼ 79.9% |
| Advances received on contracts in progress46 | €34,798 | €0 | - | - |
| Taxes, remuneration and social security45 | €4,723 | €2,801 | €8,171 | ▲ 192% |
| Taxes450/3 | €4,723 | €2,732 | €8,171 | ▲ 199% |
| Remuneration and social security454/9 | - | €69 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €6,726 | €11,019 | €14,403 | ▲ 30.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,896 | -€7,963 | €15,786 | ▲ 298% |
| + Depreciation and write-downs630 | €6,306 | €0 | - | - |
| Operating cash flow (approximation) | -€43,590 | -€7,963 | €15,786 | ▲ 298% |
| Investment in fixed assets (approximation) | - | €3,579 | €11,400 | ▲ 219% |
| Change in cash | - | €8,446 | -€6,145 | ▼ 173% |
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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €15,786
Net result €15,786 after 2 loss-making years.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Eeklo · 1 establishment unit since 2021
Ground area
157 m²
Building footprint
51 m²
Volume, LiDAR
261 m³
Parcel 43352F0508/00Y003, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
AMBROISE INTERIORS By Latem Interior Projects
since 20212.320.403.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0508/00Y003 | Flanders | 157 m² | 1 · 51 m² | 7.2 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,606 companies in sector 47551 we hold annual accounts for 1,723. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2021
Fiscal year end30-06
Abbreviation NL
Latem IP
Activities, NACEBEL 2025
47551Retail sale of household furniture
47512Retail sale of household textiles and bedding
47552Retail sale of lighting equipment
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771490884
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.