LATHO
ActiveLATHO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259k and a net result of €32k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-30
Solvency76▲+20
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.2 in 2024), but 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
34.4%
Return on assets
4.3%
Age of the figures
14 mo
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 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
2 d early
2023
1 d early
2022
1 d early
2021
5 d early
2020
2 d late
2019
28 d late
← before the deadline
after the deadline →
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 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€259k▲ 13.8%
2024 · €228k
2019: €301k
2020: €300k
2021: €312k
2022: €290k
2023: €243k
2024: €228k
2019 → 2025
Total assets
€752k▲ 8.2%
2024 · €695k
2019: €363k
2020: €634k
2021: €595k
2022: €641k
2023: €627k
2024: €695k
2019 → 2025
Net result
€32k▼ 23.2%
2024 · €42k
2019: €56k
2020: €17k
2021: €57k
2022: €28k
2023: €16k
2024: €42k
2019 → 2025
Working capital
€300k▲ 293%
2024 · €77k
2019: €283k
2020: €190k
2021: €214k
2022: €163k
2023: €97k
2024: €77k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€312k-€290k▼ 7.1%€243k▼ 16.3%€228k▼ 6.3%€259k▲ 13.8%
Operating result€70k-€40k▼ 42.7%€28k▼ 30.1%€77k▲ 177%€62k▼ 20.2%
Net result€57k-€28k▼ 51.0%€16k▼ 42.4%€42k▲ 158%€32k▼ 23.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €752k
Fixed assets
€230k▼ 4.9%
Current assets
€523k▲ 15.2%
Equity and liabilities €752k
Equity
€259k▲ 13.8%
Debt
€493k▲ 5.5%
The debt ratio falls from 67.2% to 65.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€81k▼
2024 · €98k
Cash flow
€52k▼
2024 · €62k
Solvency
34.4%▲
2024 · 32.8%
Current ratio
2.35▲
2024 · 1.20
Quick ratio
1.21▲
2024 · 0.45
Debt / equity
1.90▼
2024 · 2.05
ROE
12.4%▼
2024 · 18.4%
ROA
4.3%▼
2024 · 6.0%
Interest coverage
4.70▼
2024 · 7.40
Debt
€493k▲
2024 · €467k
Debt ≤ 1 year
€222k▼
2024 · €377k
Debt > 1 year
€265k▲
2024 · €85k
Income taxes
€13k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€695k€752k▲
Fixed assets21/28€241k€230k▼
Tangible fixed assets22/27€241k€230k▼
Land and buildings22€205k€195k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€18k€12k▼
Other tangible fixed assets26€10k€14k▲
Current assets29/58€454k€523k▲
Stocks and contracts in progress3€282k€253k▼
Stocks30/36€282k€253k▼
Amounts receivable within one year40/41€77k€115k▲
Trade receivables40€77k€103k▲
Other amounts receivable41-€12k
Cash at bank and in hand54/58€91k€150k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€695k€752k▲
Equity10/15€228k€259k▲
Contributions10/11€19k€19k=
Reserves13€161k€193k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€230€230=
Distributable reserves133€159k€191k▲
Profit (loss) carried forward14€48k€47k▼
Amounts payable17/49€467k€493k▲
Amounts payable after more than one year17€85k€265k▲
Other amounts payable178/9€85k€265k▲
Amounts payable within one year42/48€377k€222k▼
Current portion of amounts payable after more than one year42€23k€18k▼
Trade debts44€98k€143k▲
Suppliers440/4€87k€128k▲
Bills of exchange payable441€11k€15k▲
Taxes, remuneration and social security45€716-
Taxes450/3€716-
Other amounts payable47/48€255k€61k▼
Accrued charges and deferred income492/3€6k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€100k€86k▼
Operating profit (loss)9901€77k€62k▼
Financial income75/76B€1k€816▼
Recurring financial income75€47€816▲
Non-recurring financial income76B€1k-
Financial charges65/66B€13k€17k▲
Recurring financial charges65€13k€17k▲
Profit (loss) for the period before taxes9903€65k€45k▼
Income taxes67/77€23k€13k▼
Profit (loss) for the period9904€42k€32k▼
Profit (loss) for the period to be appropriated9905€42k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€80k▼
Profit (loss) brought forward from the previous period14P€49k€48k▼
Transfer to equity691/2€42k€32k▼
To other reserves6921€42k€32k▼
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €16k ▼42.4%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €57k ▲244%
Net result €57k, the highest in the series.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 4 days late
2017
30-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-12
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.
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, Halle · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jacminstraat (Jean) 971500 Halle2 establishment units
Jacminstraat (Jean) 97, 1500 Halle
since 20122.207.462.751
Latho
since 20202.300.174.856
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Of 1,070 companies in sector 46140 we hold annual accounts for 640. 485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2012
Fiscal year end30-06
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.