LATEM PROJECTS
Annual accounts 2025
abbreviated format, filed on 28-04-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €11,000. Estimated: probably between €5,000 and €28,000.
Balance sheet
balance sheet total €100,486 on 30-09-2025in euro
in euro
Position in the sector
17.9%
Higher than 21% of 10,858 companies in 2025.
1.00
Higher than 37% of 10,480 companies in 2025.
0.7%
Higher than 28% of 10,727 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
100,486 | 47,878 | 37,539 | 35,012 | 37,878 | 78,659 | 85,231 | 40,573 | 87,779 | 77,039 | 57,490 | 41,070 | 42,553 | 50,043 | 25,308 | 28,313 | |
21/28 |
18,309 | 1,835 | 2,523 | 3,486 | 4,921 | 6,356 | 1,662 | 4,302 | 9,727 | 14,018 | 18,473 | 1,829 | 5,324 | 18,180 | 11,317 | 14,249 | |
22/27 |
3,489 | 1,835 | 2,523 | 3,486 | 4,921 | 6,356 | 1,662 | 4,302 | 9,727 | 14,018 | 18,473 | 1,829 | 5,324 | 18,145 | 11,282 | 14,214 | |
23 |
3,489 | 1,835 | 2,523 | 3,212 | 4,239 | 5,266 | 247 | 581 | 869 | 732 | 757 | 1,776 | 1,842 | 1,398 | - | - | |
24 |
0 | 0 | 0 | 274 | 682 | 1,090 | - | - | - | - | - | 54 | 767 | 3,146 | 1,312 | 618 | |
28 |
14,820 | - | - | - | - | - | - | - | - | - | - | - | - | 35 | 35 | 35 | |
29/58 |
82,177 | 46,044 | 35,016 | 31,526 | 32,957 | 72,303 | 83,569 | 36,271 | 78,052 | 63,021 | 39,018 | 39,241 | 37,229 | 31,863 | 13,991 | 14,064 | |
29 |
- | - | - | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | |
291 |
- | - | - | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | |
40/41 |
80,541 | 42,710 | 33,992 | 27,653 | 31,078 | 70,822 | 51,033 | 5,740 | 46,260 | 30,345 | 5,075 | 34,064 | 32,441 | 31,689 | 13,702 | 14,056 | |
40 |
45,449 | 18,753 | 29,459 | 22,242 | 23,759 | 46,963 | 19,960 | 3,884 | 10,150 | 10,132 | 5,075 | 8,000 | 8,804 | 7,260 | 9,750 | 12,575 | |
41 |
35,092 | 23,958 | 4,533 | 5,410 | 7,319 | 23,859 | 31,073 | 1,856 | 36,110 | 20,213 | - | 26,064 | 23,637 | 24,429 | 3,952 | 1,481 | |
54/58 |
1 | 2,516 | 60 | 2,189 | 131 | 236 | 770 | 29 | 1,792 | 2,676 | 3,943 | 5,177 | 4,788 | 174 | 286 | 8 | |
490/1 |
1,635 | 817 | 963 | 1,684 | 1,748 | 1,245 | 1,766 | 502 | - | - | - | - | - | - | 2 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
100,486 | 47,878 | 37,539 | 35,012 | 37,878 | 78,659 | 85,231 | 40,573 | 87,779 | 77,039 | 57,490 | 41,070 | 42,553 | 50,043 | 25,308 | 28,313 | |
10/15 |
18,017 | 17,320 | 15,337 | 4,399 | 4,340 | 17,768 | 15,322 | 14,823 | 14,252 | 8,399 | 7,849 | 6,872 | 7,083 | 6,295 | 6,259 | 3,733 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
5,853 | 5,853 | 5,853 | 5,853 | 6,453 | 11,568 | 9,122 | 8,623 | 8,052 | 2,199 | 1,649 | - | - | - | - | - | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 600 | 100 | - | - | - | - | - | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
5,853 | 5,853 | 5,853 | 5,853 | 4,593 | 9,708 | 7,262 | 6,763 | 6,192 | 1,599 | 1,549 | - | - | - | - | - | |
14 |
-6,436 | -7,133 | -9,116 | -20,054 | -20,713 | - | - | - | - | - | - | 672 | 883 | 95 | 59 | -2,467 | |
17/49 |
82,469 | 30,558 | 22,202 | 30,613 | 33,538 | 60,891 | 69,909 | 25,750 | 73,527 | 68,640 | 49,642 | 34,199 | 35,469 | 43,749 | 19,049 | 24,580 | |
17 |
- | - | - | 1,429 | 6,943 | 12,147 | 17,059 | - | 6,771 | 11,515 | 16,145 | 6,286 | 12,457 | 18,320 | - | 1,763 | |
170/4 |
- | - | - | 1,429 | 6,943 | 12,147 | 17,059 | - | 6,771 | 11,515 | 16,145 | 6,286 | 12,457 | 18,320 | - | 1,763 | |
42/48 |
82,216 | 30,431 | 22,132 | 29,099 | 26,534 | 48,744 | 52,850 | 25,750 | 66,672 | 57,047 | 33,497 | 27,913 | 23,012 | 25,429 | 19,048 | 22,817 | |
42 |
- | - | 1,429 | 5,514 | 5,204 | 4,912 | 6,269 | 3,228 | 4,744 | 4,630 | 4,518 | 6,172 | 5,862 | 5,569 | 1,763 | 6,818 | |
43 |
8,095 | 7,386 | 9,385 | 1,738 | 6,786 | 3,682 | 4,324 | 1,531 | 3,402 | 2,732 | 302 | 2,433 | 3,301 | 2,466 | - | 601 | |
430/8 |
8,095 | 7,386 | 9,385 | 1,738 | 6,786 | 3,682 | 4,324 | 1,531 | 3,402 | 2,732 | 302 | 2,433 | 3,301 | 2,466 | - | 601 | |
44 |
15,011 | 5,795 | 9,507 | 2,406 | 8,281 | 9,273 | 11,071 | 3,840 | 15,108 | 7,051 | 4,599 | 3,309 | 6,330 | 2,620 | 623 | 2,336 | |
440/4 |
15,011 | 5,795 | 9,507 | 2,406 | 8,281 | 9,273 | 11,071 | 3,840 | 15,108 | 7,051 | 4,599 | 3,309 | 6,330 | 2,620 | 623 | 2,336 | |
46 |
- | - | - | - | - | - | - | 192 | - | - | - | - | - | - | - | - | |
45 |
1,413 | 1,750 | 1,150 | 1,391 | 385 | 6,514 | 6,871 | 12,382 | 7,418 | 6,635 | 4,250 | 3,999 | 1,519 | 1,774 | 2,662 | 2,082 | |
450/3 |
1,413 | 1,750 | 1,150 | 1,391 | 385 | 6,514 | 6,871 | 12,382 | 7,418 | 6,635 | 4,250 | 3,999 | 1,519 | 1,774 | 2,662 | 2,082 | |
47/48 |
57,697 | 15,500 | 661 | 18,050 | 5,878 | 24,363 | 24,314 | 4,577 | 36,000 | 36,000 | 19,828 | 12,000 | 6,000 | 13,000 | 14,000 | 10,980 | |
492/3 |
253 | 127 | 70 | 85 | 62 | - | - | - | 84 | 78 | - | - | - | - | 0 | - | |
| Income statement | |||||||||||||||||
76A |
- | - | 3,726 | - | - | - | - | 2,126 | - | - | 11,000 | - | - | - | - | - | |
9900 |
2,918 | 4,229 | 13,491 | 2,685 | -22,326 | 8,948 | 7,387 | 1,518 | 49,124 | 43,380 | 18,133 | 21,405 | 26,898 | 53,157 | 22,703 | 11,454 | |
630 |
474 | 543 | 689 | 1,435 | 1,435 | 2,252 | 5,076 | 4,312 | 4,991 | 5,226 | 5,715 | 4,656 | 14,310 | 24,269 | 4,005 | 5,323 | |
640/8 |
904 | 873 | 832 | 404 | 761 | 811 | 824 | 876 | 951 | 982 | 980 | 779 | 777 | 3,383 | 1,750 | 5,269 | |
66A |
- | 146 | - | - | - | - | - | - | - | - | - | - | - | 9,778 | - | - | |
9901 |
1,540 | 2,667 | 11,970 | 847 | -24,521 | 5,884 | 1,487 | -3,669 | 43,182 | 37,172 | 11,439 | 15,970 | 11,811 | 25,505 | 16,948 | 862 | |
75/76B |
863 | 904 | 136 | 501 | 338 | 1,216 | 2,334 | 4,864 | 4,292 | 2,166 | 1,598 | 2,059 | 2,274 | 1,687 | 15 | 15 | |
75 |
863 | 904 | 136 | 501 | 338 | 1,216 | 2,334 | 4,864 | 4,292 | 2,166 | 1,598 | 2,059 | 2,274 | 1,687 | 15 | 15 | |
65/66B |
1,706 | 1,588 | 1,030 | 1,171 | 1,644 | 1,880 | 1,847 | 625 | 781 | 1,017 | 924 | 1,192 | 1,545 | 1,549 | 435 | 1,420 | |
65 |
1,706 | 1,588 | 1,030 | 1,171 | 1,644 | 1,880 | 1,847 | 625 | 781 | 1,017 | 924 | 1,192 | 1,545 | 1,549 | 435 | 1,420 | |
9903 |
697 | 1,983 | 11,076 | 176 | -25,828 | 5,220 | 1,974 | 570 | 46,693 | 38,321 | 23,113 | 16,838 | 12,540 | 15,865 | 16,528 | -543 | |
67/77 |
- | - | 139 | 117 | -0 | 2,774 | 1,474 | -0 | 4,840 | 1,771 | 4,136 | 5,049 | 5,751 | 2,830 | 2 | 1,924 | |
9904 |
697 | 1,983 | 10,937 | 60 | -25,828 | 2,446 | 499 | 571 | 41,853 | 36,550 | 18,977 | 11,788 | 6,789 | 13,035 | 16,527 | -2,467 | |
9905 |
697 | 1,983 | 10,937 | 60 | -25,828 | 2,446 | 499 | 571 | 41,853 | 36,550 | 18,977 | 11,788 | 6,789 | 13,035 | 16,527 | -2,467 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-6,436 | -7,133 | -9,116 | -20,654 | -25,828 | 2,446 | 499 | 571 | 41,853 | 36,550 | 19,649 | 12,672 | 6,883 | 13,095 | 14,059 | -2,467 | |
14P |
-7,133 | -9,116 | -20,054 | -20,713 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 600 | 5,115 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 2,446 | 499 | 571 | 5,853 | 550 | 1,649 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 1,260 | 500 | 100 | - | - | - | - | - | |
6921 |
- | - | - | - | - | 2,446 | 499 | 571 | 4,593 | 50 | 1,549 | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | 36,000 | 36,000 | 18,000 | 12,000 | 6,000 | 13,000 | 14,000 | - | |
695 |
- | - | - | - | - | - | - | - | 36,000 | 36,000 | 18,000 | 12,000 | 6,000 | 13,000 | 14,000 | - | |
| Document | |||||||||||||||||
The notes to these accounts have 8 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 2025 (PDF), filed on 28-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 28-04-2026 | 2026-00098324 | |
| 30-09-2024 | abbreviated format | 31-03-2025 | 2025-00058182 | |
| 30-09-2023 | micro format | 28-03-2024 | 2024-00054476 | |
| 30-09-2022 | micro format | 27-03-2023 | 2023-00047946 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09800030 | |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09400043 | |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08200136 | |
| 30-09-2018 | micro format | 24-04-2019 | 2019-10800182 | |
| 30-09-2017 | micro format | 18-04-2018 | 2018-10200178 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08300134 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07900044 | |
| 30-09-2014 | abbreviated format | 30-03-2015 | 2015-08100319 | |
| 30-09-2013 | abbreviated format | 25-04-2014 | 2014-10100065 | |
| 30-09-2012 | abbreviated format | 24-04-2013 | 2013-09700013 | |
| 31-12-2010 | abbreviated format | 30-08-2011 | 2011-49900341 | |
| 31-12-2009 | abbreviated format | 08-07-2010 | 2010-28900407 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,013 | 3,210 | 12,659 | 2,281 | -23,086 | 8,136 | 6,563 | 642 | 48,173 | 42,398 | 17,153 | 20,626 | 26,121 | 49,774 | 20,954 | 6,185 | ||
| 1,171 | 2,526 | 11,626 | 1,495 | -24,393 | 4,698 | 5,575 | 4,882 | 46,844 | 41,776 | 24,692 | 16,444 | 21,098 | 37,304 | 20,532 | 2,856 | ||
| 16,948 | -146 | -274 | 0 | 0 | 6,946 | 2,436 | 304 | 699 | 772 | 22,358 | 1,162 | 1,488 | 61,038 | 1,074 | 18,987 | ||
| -2,516 | 2,456 | -2,129 | 2,058 | -105 | -534 | 740 | -1,762 | -884 | -1,267 | -1,234 | 389 | 4,614 | - | 278 | - | ||
| -38 | 15,613 | 12,884 | 2,427 | 6,423 | 23,559 | 30,719 | 10,521 | 11,380 | 5,974 | 5,521 | 11,328 | 14,217 | 6,434 | -5,058 | -8,753 | ||
| 17.9% | 36.2% | 40.9% | 12.6% | 11.5% | 22.6% | 18.0% | 36.5% | 16.2% | 10.9% | 13.7% | 16.7% | 16.6% | 12.6% | 24.7% | 13.2% | ||
| 1.00 | 1.51 | 1.58 | 1.08 | 1.24 | 1.48 | 1.58 | 1.41 | 1.17 | 1.10 | 1.16 | 1.41 | 1.62 | 1.25 | 0.73 | 0.62 | ||
| 4.58 | 1.76 | 1.45 | 6.96 | 7.73 | 3.43 | 4.56 | 1.74 | 5.16 | 8.17 | 6.32 | 4.98 | 5.01 | 6.95 | 3.04 | 6.58 | ||
| 3.9% | 11.5% | 71.3% | 1.4% | -595.1% | 13.8% | 3.3% | 3.9% | 293.7% | 435.2% | 241.8% | 171.5% | 95.8% | 207.1% | 264.0% | -66.1% | ||
| 0.7% | 4.1% | 29.1% | 0.2% | -68.2% | 3.1% | 0.6% | 1.4% | 47.7% | 47.4% | 33.0% | 28.7% | 16.0% | 26.0% | 65.3% | -8.7% | ||
| 1.18 | 2.02 | 12.30 | 1.95 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,128 | - | - | - |
| Financial fixed assets | €14,820 | - | - | - |
| €474 | €543 | €689 | €1,435 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on LATEM PROJECTS
The operating result for 2025 is 42% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 63.8% to 82.1%. Equity and debt are higher.