LAURE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 26 filings
Turnover
≈ €69,000
Estimated: probably between €37,000 and €130,000
EBIT margin
Not included in this filing
Net result
-€3,270
2024 · €1,485
Working capital
-€1,375
2024 · €1,894
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,909
2025
20182025
Net result
-€3,270
2025
lowest quarter of the sector
20182025
Equity
-€1,313
2025
lowest quarter of the sector
20182025
Total assets
€24,833
▲ 200%
2025
lowest quarter of the sector
20182025
Debt
€26,147
▲ 314%
2025
20182025
Working capital
-€1,375
2025
lowest quarter of the sector
20182025
Solvency
-5.3%
▼ 28.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.95
▼ 0.35
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-13.2%
▼ 31.1pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€2,521-€2,867-€3,762-€1,243▲ 67.0%-€1,341▼ 7.8%-€473▲ 64.7%€2,194-€2,909
Net result-€3,152-€2,322-€4,299below the sector's middle half-€1,982below the sector's middle half▲ 53.9%-€1,613below the sector's middle half▲ 18.6%-€619below the sector's middle half▲ 61.6%€1,485within the sector's middle half-€3,270below the sector's middle half
Equity€6,662-€8,984▲ 34.9%€4,685below the sector's middle half▼ 47.9%€2,704below the sector's middle half▼ 42.3%€1,091below the sector's middle half▼ 59.6%€472below the sector's middle half▼ 56.8%€1,956below the sector's middle half▲ 315%-€1,313below the sector's middle half
Total assets€16,755-€21,703▲ 29.5%€11,696below the sector's middle half▼ 46.1%€9,228below the sector's middle half▼ 21.1%€17,371below the sector's middle half▲ 88.2%€7,356below the sector's middle half▼ 57.7%€8,277below the sector's middle half▲ 12.5%€24,833below the sector's middle half▲ 200%
Debt€10,093-€12,719▲ 26.0%€7,011▼ 44.9%€6,524▼ 6.9%€16,280▲ 150%€6,884▼ 57.7%€6,321▼ 8.2%€26,147▲ 314%
Working capital€5,977-€5,295▼ 11.4%€2,792within the sector's middle half▼ 47.3%€2,588within the sector's middle half▼ 7.3%€1,029below the sector's middle half▼ 60.2%-€539below the sector's middle half€1,894within the sector's middle half-€1,375below the sector's middle half
Solvency39.8%-41.4%▲ 1.6pp40.1%within the sector's middle half▼ 1.3pp29.3%within the sector's middle half▼ 10.8pp6.3%below the sector's middle half▼ 23.0pp6.4%below the sector's middle half▲ 0.1pp23.6%within the sector's middle half▲ 17.2pp-5.3%below the sector's middle half▼ 28.9pp
Current ratio1.59-1.42▼ 0.181.40within the sector's middle half▼ 0.021.40within the sector's middle half=1.06within the sector's middle half▼ 0.330.92below the sector's middle half▼ 0.141.30within the sector's middle half▲ 0.380.95below the sector's middle half▼ 0.35
Return on assets (ROA)-18.8%-10.7%▲ 29.5pp-36.8%below the sector's middle half▼ 47.5pp-21.5%below the sector's middle half▲ 15.3pp-9.3%below the sector's middle half▲ 12.2pp-8.4%below the sector's middle half▲ 0.9pp17.9%within the sector's middle half▲ 26.4pp-13.2%below the sector's middle half▼ 31.1pp
Staff (FTE)0.2-
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €2,909, after a profit of €2,194 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,833
Fixed assets
€62 =
Current assets
€24,771 ▲ 202%
Equity and liabilities
Equity-€1,313
Debt€26,147
Equity is negative. Debt (€26,147) exceeds the balance-sheet total (€24,833).
Key figures and ratios
Quick ratio
0.94▼
2024 · 1.26
Debt ≤ 1 year
€26,147▲
2024 · €6,321
Staff costs
€15,238▲
2024 · €10,999
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €3 | - | €9 | - |
| Remuneration, social security and pensions62 | - | - | - | €10,868 | €12,177 | €11,293 | €10,999 | €15,238 | ▲ 38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €605 | €2,383 | €1,796 | €1,777 | €54 | €91 | €949 | - | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €12,286 | €16,954 | €9,885 | €11,750 | €11,237 | €11,296 | €14,529 | €12,729 | ▼ 12.4% |
| Operating profit (loss)9901 | -€2,521 | €2,867 | -€3,762 | -€1,243 | -€1,341 | -€473 | €2,194 | -€2,909 | - |
| Financial income75/76B | - | - | - | - | €1 | - | €10 | - | - |
| Recurring financial income75 | €4 | - | €134 | - | €1 | - | €10 | - | - |
| Financial charges65/66B | - | - | - | €738 | €272 | €146 | €719 | €361 | ▼ 49.8% |
| Recurring financial charges65 | €636 | €544 | €671 | €738 | €272 | €146 | €719 | €361 | ▼ 49.8% |
| Profit (loss) for the period before taxes9903 | -€3,152 | €2,322 | -€4,299 | -€1,982 | -€1,613 | -€619 | €1,485 | -€3,270 | - |
| Profit (loss) for the period9904 | -€3,152 | €2,322 | -€4,299 | -€1,982 | -€1,613 | -€619 | €1,485 | -€3,270 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,152 | €2,322 | -€4,299 | -€1,982 | -€1,613 | -€619 | €1,485 | -€3,270 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,755 | €21,703 | €11,696 | €9,228 | €17,371 | €7,356 | €8,277 | €24,833 | ▲ 200% |
| Formation expenses20 | - | - | - | - | - | €949 | - | - | - |
| Fixed assets21/28 | €685 | €3,689 | €1,893 | €116 | €62 | €62 | €62 | €62 | = |
| Tangible fixed assets22/27 | €624 | €3,627 | €1,831 | €54 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €54 | - | - | - | - | - |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €16,070 | €18,014 | €9,803 | €9,112 | €17,309 | €6,345 | €8,215 | €24,771 | ▲ 202% |
| Stocks and contracts in progress3 | €545 | €545 | €238 | €238 | €238 | €238 | €238 | €238 | = |
| Stocks30/36 | - | - | - | €238 | €238 | €238 | €238 | €238 | = |
| Amounts receivable within one year40/41 | €5,551 | €7,501 | €3,051 | €3,333 | €4,653 | €3,114 | €1,805 | €3,138 | ▲ 73.9% |
| Trade receivables40 | - | - | - | €2,500 | €2,810 | €2,050 | €1,740 | €2,780 | ▲ 59.8% |
| Other amounts receivable41 | - | - | - | €833 | €1,843 | €1,064 | €65 | €358 | ▲ 450% |
| Cash at bank and in hand54/58 | €9,974 | €9,968 | €6,514 | €5,542 | €12,419 | €2,994 | €6,172 | €21,395 | ▲ 247% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,755 | €21,703 | €11,696 | €9,228 | €17,371 | €7,356 | €8,277 | €24,833 | ▲ 200% |
| Equity10/15 | €6,662 | €8,984 | €4,685 | €2,704 | €1,091 | €472 | €1,956 | -€1,313 | - |
| Contributions10/11 | €18,800 | €18,800 | - | €21,031 | €18,800 | €18,800 | €18,800 | €18,800 | = |
| Reserves13 | €2,231 | €2,231 | €2,231 | - | €2,231 | €2,231 | €2,231 | €2,231 | = |
| Non-distributable reserves130/1 | - | - | - | - | €2,231 | €2,231 | €2,231 | €2,231 | = |
| Reserves not available under the articles1311 | - | - | - | - | €2,231 | €2,231 | €2,231 | €2,231 | = |
| Profit (loss) carried forward14 | -€14,369 | -€12,047 | -€16,346 | -€18,327 | -€19,940 | -€20,559 | -€19,075 | -€22,344 | ▼ 17.1% |
| Amounts payable17/49 | €10,093 | €12,719 | €7,011 | €6,524 | €16,280 | €6,884 | €6,321 | €26,147 | ▲ 314% |
| Amounts payable within one year42/48 | €10,093 | €12,719 | €7,011 | €6,524 | €16,280 | €6,884 | €6,321 | €26,147 | ▲ 314% |
| Trade debts44 | €1,228 | €222 | €60 | €232 | €1,097 | €680 | €533 | €617 | ▲ 15.9% |
| Suppliers440/4 | - | - | - | €232 | €1,097 | €680 | €533 | €617 | ▲ 15.9% |
| Taxes, remuneration and social security45 | - | - | - | €6,292 | €5,183 | €5,204 | €4,288 | €4,930 | ▲ 15.0% |
| Remuneration and social security454/9 | - | - | - | €6,292 | €5,183 | €5,204 | €4,288 | €4,930 | ▲ 15.0% |
| Other amounts payable47/48 | - | - | - | - | €10,000 | €1,000 | €1,500 | €20,600 | ▲ 14× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,152 | €2,322 | -€4,299 | -€1,982 | -€1,613 | -€619 | €1,485 | -€3,270 | - |
| + Depreciation and write-downs630 | €605 | €2,383 | €1,796 | €1,777 | €54 | €91 | €949 | - | - |
| Operating cash flow (approximation) | -€2,547 | €4,705 | -€2,503 | -€204 | -€1,559 | -€528 | €2,433 | -€3,270 | - |
| Investment in fixed assets (approximation) | - | -€5,386 | €0 | €0 | €0 | -€91 | -€949 | €0 | - |
| Change in cash | - | -€6 | -€3,454 | -€972 | €6,877 | -€9,425 | €3,179 | €15,223 | ▲ 379% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as LAURE has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LAURE itself is lower: 0.4% within 12 months. It rests on far more data about LAURE than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for LAURE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00203969 | |
| 31-12-2024 | micro format | 09-08-2025 | 2025-00370652 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00344624 | |
| 31-12-2022 | micro format | 25-06-2023 | 2023-00154713 | |
| 31-12-2021 | micro format | 20-08-2022 | 2022-20300458 | |
| 31-12-2020 | micro format | 09-08-2021 | 2021-47200386 | |
| 31-12-2019 | micro format | 04-11-2020 | 2020-68500452 | |
| 31-12-2018 | full format | 20-08-2019 | 2019-48100435 | |
| 31-12-2017 | full format | 07-08-2018 | 2018-44000532 | |
| 31-12-2016 | full format | 10-08-2017 | 2017-43100500 |