LATES
ActiveSummary
LATES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €37k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+1
Solvency94=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 1.85 in 2024; short-term debt: 2.1% and cash: 4.2% of total assets), and 30.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.3%
Return on assets
1.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
48 d early
2023
53 d early
2022
51 d early
2021
15 d early
2020
on the day
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€1.34M▲ 2.8%
2024 · €1.31M
Total assets
€1.94M▲ 2.1%
2024 · €1.90M
Net result
€37k▲ 10.6%
2024 · €34k
Working capital
€72k▲ 128%
2024 · €31k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€96k▲ 0.8%€89k▼ 7.2%€46k▼ 48.5%€90k▲ 95.5%€97k▲ 8.0%
Net result€62k▼ 2.3%€61k▼ 1.4%€26k▼ 57.0%€34k▲ 27.4%€37k▲ 10.6%
Equity€463k▲ 11.4%€509k▲ 10.0%€1.27M▲ 150%€1.31M▲ 2.6%€1.34M▲ 2.8%
Total assets€772k▲ 7.8%€810k▲ 5.0%€1.85M▲ 128%€1.90M▲ 2.5%€1.94M▲ 2.1%
Debt€309k▲ 2.9%€301k▼ 2.4%€579k▲ 92.3%€592k▲ 2.2%€596k▲ 0.6%
Working capital€30k€85k▲ 182%€-1k€31k€72k▲ 128%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€1.83M ▼ 0.2%
Current assets
€112k ▲ 63.8%
Equity and liabilities €1.94M
Equity
€1.34M ▲ 2.8%
Debt
€596k ▲ 0.6%
Debt's share of the balance-sheet total falls from 31.2% to 30.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2024 · €98k
Cash flow
€46k▲
2024 · €41k
Current ratio
2.77▲
2024 · 1.85
Debt to equity
0.44▼
2024 · 0.45
ROE
2.8%▲
2024 · 2.6%
ROA
1.9%▲
2024 · 1.8%
Interest coverage
2.59▲
2024 · 2.47
Debt ≤ 1 year
€41k▲
2024 · €37k
Debt > 1 year
€555k=
2024 · €555k
Income taxes
€19k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €8k | €59k | €8k | €8k | ▲ 6.5% |
| Other operating charges640/8 | €3k | €6k | €3k | €8k | €9k | ▲ 16.7% |
| Gross operating margin9900 | €108k | €104k | €109k | €106k | €115k | ▲ 8.6% |
| Operating profit (loss)9901 | €96k | €89k | €46k | €90k | €97k | ▲ 8.0% |
| Financial charges65/66B | €11k | €11k | €14k | €40k | €41k | ▲ 2.7% |
| Recurring financial charges65 | €11k | €11k | €14k | €40k | €41k | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €86k | €79k | €32k | €50k | €57k | ▲ 12.3% |
| Income taxes67/77 | €23k | €17k | €6k | €17k | €19k | ▲ 15.7% |
| Profit (loss) for the period9904 | €62k | €61k | €26k | €34k | €37k | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €62k | €61k | €26k | €34k | €37k | ▲ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €772k | €810k | €1.85M | €1.90M | €1.94M | ▲ 2.1% |
| Fixed assets21/28 | €689k | €680k | €1.83M | €1.83M | €1.83M | ▼ 0.2% |
| Tangible fixed assets22/27 | €689k | €680k | €1.83M | €1.83M | €1.83M | ▼ 0.2% |
| Land and buildings22 | €687k | €679k | €1.83M | €1.83M | €1.82M | ▼ 0.4% |
| Plant, machinery and equipment23 | €456 | - | - | - | €3k | - |
| Furniture and vehicles24 | €1k | €1k | €664 | €318 | €2k | ▲ 409% |
| Current assets29/58 | €83k | €130k | €23k | €69k | €112k | ▲ 63.8% |
| Amounts receivable within one year40/41 | €18k | €25k | €19k | €11k | €31k | ▲ 182% |
| Trade receivables40 | €18k | €25k | €19k | €10k | €31k | ▲ 202% |
| Other amounts receivable41 | - | - | - | €739 | - | - |
| Cash at bank and in hand54/58 | €65k | €105k | €4k | €58k | €81k | ▲ 41.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €772k | €810k | €1.85M | €1.90M | €1.94M | ▲ 2.1% |
| Equity10/15 | €463k | €509k | €1.27M | €1.31M | €1.34M | ▲ 2.8% |
| Contributions10/11 | €199k | €199k | €199k | €199k | €199k | = |
| Capital10 | €199k | €199k | €199k | €199k | €199k | = |
| Issued capital100 | €199k | €199k | €199k | €199k | €199k | = |
| Revaluation surpluses12 | - | - | €736k | €736k | €736k | = |
| Reserves13 | €264k | €310k | €337k | €370k | €407k | ▲ 10.0% |
| Non-distributable reserves130/1 | €20k | €20k | €20k | €20k | €20k | = |
| Legal reserve130 | €20k | €20k | €20k | €20k | €20k | = |
| Distributable reserves133 | €244k | €290k | €317k | €350k | €388k | ▲ 10.6% |
| Amounts payable17/49 | €309k | €301k | €579k | €592k | €596k | ▲ 0.6% |
| Amounts payable after more than one year17 | €255k | €255k | €555k | €555k | €555k | = |
| Financial debts170/4 | €255k | €255k | €555k | €555k | €555k | = |
| Amounts payable within one year42/48 | €53k | €45k | €24k | €37k | €41k | ▲ 9.2% |
| Trade debts44 | €850 | €1k | €5k | €8k | €6k | ▼ 22.8% |
| Suppliers440/4 | €850 | €1k | €5k | €8k | €6k | ▼ 22.8% |
| Taxes, remuneration and social security45 | €22k | €20k | €10k | €16k | €24k | ▲ 51.7% |
| Taxes450/3 | €22k | €20k | €10k | €16k | €20k | ▲ 28.6% |
| Remuneration and social security454/9 | - | - | - | - | €4k | - |
| Other amounts payable47/48 | €30k | €24k | €9k | €13k | €10k | ▼ 21.0% |
| Accrued charges and deferred income492/3 | €868 | €868 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €61k | €26k | €34k | €37k | ▲ 10.6% |
| + Depreciation and write-downs630 | €9k | €8k | €59k | €8k | €8k | ▲ 6.5% |
| Operating cash flow (approximation) | €71k | €70k | €86k | €41k | €46k | ▲ 9.8% |
| Investment in fixed assets (approximation) | - | €0 | €-1.21M | €-9k | €-5k | ▲ 39.2% |
| Change in cash | - | €40k | €-101k | €54k | €24k | ▼ 55.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €26k ▼57%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €1MEq €1.27M ▲150%
6 profitable years in a row build equity to €1.27M.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €500kEq €509k ▲10%
5 profitable years in a row build equity to €509k.
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 1.57
Current ratio from 0.42 to 1.57.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €64k ▲26.5%
Operating result €101k, net result €64k, both a record.
Show earlier events
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Koekelberg · 2 establishment units since 2003
Ground area
344 m²
Building footprint
291 m²
Volume, LiDAR
2,610 m³
2 parcels, Brussels, Flanders · tallest building 20.6 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
LATES
since 20032.134.734.230
Lates
since 20242.366.860.970
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0605/00A000 | Flanders | 202 m² | 1 · 202 m² | 13.2 m · 2 fl. |
| 21492B0034/00D005 | Brussels | 142 m² | 1 · 88 m² | 20.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 24,624 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-2003
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
68310Real estate agency activities
Contact
E-mail
info@lates.beKoekelberg
Scores and ratios are computed by Checked and are not a credit decision.