LAURREST
ActiveSummary
The computed 12-month bankruptcy probability of LAURREST is 1.5% (moderate). The 2025 annual accounts show negative equity (-€19,017) and a net result of -€238,127. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 21% of 821 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-26
Solvency22▼-25
Growth38▼-14
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.71 in 2024; short-term debt: 96.5% and cash: 22.8% of total assets), and equity is negative.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
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
-2.8%
Return on assets
-34.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€19,017
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
34 d early
2023
28 d early
2022
17 d early
2021
33 d early
2020
30 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€5.6m▲ 35.0%
2019 · €4.1m
EBIT margin
-3.4%▼ 9.8pp
2019 · 6.4%
Net result
-€238,127▼ 261%
2024 · -€65,981
Working capital
-€384,070▼ 82.9%
2024 · -€209,968
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
Turnover€5.6m
Operating result€434,704▲ 299%€282,930▼ 34.9%-€3,726-€50,391▼ 1,252%-€187,028▼ 271%
Net result€331,116▲ 325%€191,036▼ 42.3%-€56,582-€65,981▼ 16.6%-€238,127▼ 261%
EBIT margin-3.4%
Equity€300,697▲ 36.9%€341,673▲ 13.6%€285,091▼ 16.6%€219,110▼ 23.1%-€19,017
Total assets€1.3m▼ 6.2%€1.4m▲ 12.5%€1.2m▼ 18.4%€1.0m▼ 13.4%€681,973▼ 33.0%
Debt€980,483▼ 14.5%€1.1m▲ 12.2%€890,965▼ 19.0%€799,193▼ 10.3%€700,989▼ 12.3%
Working capital€35,213€11,742▼ 66.7%-€115,705-€209,968▼ 81.5%-€384,070▼ 82.9%
Staff (FTE)28.8▲ 1.1%31.1▲ 8.0%31.3▲ 0.6%15.8▼ 49.5%32.3▲ 104%
Why a figure moved sharply
- 2025 Net result -261%, Staff (FTE) +104% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €187,028 in 2025 against €50,391 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €681,973
Fixed assets
€408,000 ▼ 17.5%
Current assets
€273,973 ▼ 47.7%
Key figures and ratios
EBITDA
-€48,611▼
2024 · €84,328
Cash flow
-€99,711▼
2024 · €68,738
Solvency
-2.8%▼
2024 · 21.5%
Current ratio
0.42▼
2024 · 0.71
Quick ratio
0.37▼
2024 · 0.68
Debt to equity
-36.86▼
2024 · 3.65
ROA
-34.9%▼
2024 · -6.5%
Interest coverage
-12.40▼
2024 · 2.59
Debt ≤ 1 year
€658,043▼
2024 · €733,899
Income taxes
€2▲
2024 · -€16,912
Staff costs
€1.5m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 682 companies that looked in July 2024 the way this one looks now, 6.3% went bankrupt within 24 months and 84% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.3%
went bankrupt
6.2%
stopped otherwise
84%
still going
A further 3.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 682 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €5.6m | - |
| Turnover70 | - | - | - | - | €5.6m | - |
| Other operating income74 | - | - | - | - | €37,690 | - |
| Non-recurring operating income76A | €0 | - | €18,031 | €0 | - | - |
| Operating charges60/66A | - | - | - | - | €5.8m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €1.6m | - |
| Purchases600/8 | - | - | - | - | €1.6m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€9,160 | - |
| Services and other goods61 | - | - | - | - | €2.5m | - |
| Remuneration, social security and pensions62 | €911,208 | €1.2m | €1.4m | €1.5m | €1.5m | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,526 | €118,124 | €129,539 | €134,718 | €138,416 | ▲ 2.7% |
| Other operating charges640/8 | €95,708 | €132,246 | €128,520 | €67,072 | €47,492 | ▼ 29.2% |
| Non-recurring operating charges66A | €0 | €22,904 | €30,200 | €0 | - | - |
| Gross operating margin9900 | €1.6m | €1.8m | €1.7m | €1.6m | - | - |
| Operating profit (loss)9901 | €434,704 | €282,930 | -€3,726 | -€50,391 | -€187,028 | ▼ 271% |
| Financial income75/76B | €5,272 | €3,832 | €38 | €50 | €15 | ▼ 69.9% |
| Recurring financial income75 | €5,272 | €3,832 | €38 | €50 | €15 | ▼ 69.9% |
| Income from current assets751 | - | - | - | - | €15 | - |
| Other financial income752/9 | - | - | - | - | €0 | - |
| Financial charges65/66B | €24,360 | €29,112 | €32,894 | €32,552 | €51,112 | ▲ 57.0% |
| Recurring financial charges65 | €24,360 | €29,112 | €32,894 | €32,552 | €51,112 | ▲ 57.0% |
| Debt charges650 | - | - | - | - | €3,920 | - |
| Other financial charges652/9 | - | - | - | - | €47,192 | - |
| Profit (loss) for the period before taxes9903 | €415,616 | €257,650 | -€36,582 | -€82,893 | -€238,125 | ▼ 187% |
| Income taxes67/77 | €84,500 | €66,614 | €20,000 | -€16,912 | €2 | ▲ 100% |
| Taxes670/3 | - | - | - | - | €2 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €331,116 | €191,036 | -€56,582 | -€65,981 | -€238,127 | ▼ 261% |
| Profit (loss) for the period to be appropriated9905 | €331,116 | €191,036 | -€56,582 | -€65,981 | -€238,127 | ▼ 261% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.2m | €1.0m | €681,973 | ▼ 33.0% |
| Fixed assets21/28 | €560,971 | €530,326 | €506,441 | €494,372 | €408,000 | ▼ 17.5% |
| Intangible fixed assets21 | €24,176 | €22,499 | €20,822 | €19,145 | €17,468 | ▼ 8.8% |
| Tangible fixed assets22/27 | €536,597 | €507,629 | €485,421 | €475,029 | €390,334 | ▼ 17.8% |
| Plant, machinery and equipment23 | €88,488 | €84,381 | €111,969 | €93,433 | €72,882 | ▼ 22.0% |
| Furniture and vehicles24 | €12,010 | €8,815 | €7,832 | €9,700 | €11,119 | ▲ 14.6% |
| Leasing and similar rights25 | €10,049 | €6,649 | €0 | - | - | - |
| Other tangible fixed assets26 | €426,051 | €407,783 | €365,620 | €371,896 | €306,333 | ▼ 17.6% |
| Financial fixed assets28 | €198 | €198 | €198 | €198 | €198 | = |
| Other financial fixed assets284/8 | - | - | - | - | €198 | - |
| Shares284 | - | - | - | - | €198 | - |
| Current assets29/58 | €720,209 | €911,214 | €669,615 | €523,931 | €273,973 | ▼ 47.7% |
| Stocks and contracts in progress3 | €19,724 | €23,881 | €23,094 | €23,618 | €32,778 | ▲ 38.8% |
| Stocks30/36 | €19,724 | €23,881 | €23,094 | €23,618 | €32,778 | ▲ 38.8% |
| Goods purchased for resale34 | - | - | - | - | €32,778 | - |
| Amounts receivable within one year40/41 | €214,985 | €276,407 | €75,218 | €65,024 | €46,199 | ▼ 29.0% |
| Trade receivables40 | €39,083 | €46,394 | €53,818 | €42,564 | €36,943 | ▼ 13.2% |
| Other amounts receivable41 | €175,901 | €230,013 | €21,400 | €22,460 | €9,256 | ▼ 58.8% |
| Cash at bank and in hand54/58 | €468,085 | €595,120 | €542,856 | €394,854 | €155,464 | ▼ 60.6% |
| Deferred charges and accrued income490/1 | €17,416 | €15,805 | €28,447 | €40,434 | €39,532 | ▼ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.2m | €1.0m | €681,973 | ▼ 33.0% |
| Equity10/15 | €300,697 | €341,673 | €285,091 | €219,110 | -€19,017 | ▼ 109% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €238,697 | €279,673 | €279,673 | €157,110 | €15,315 | ▼ 90.3% |
| Tax-exempt reserves132 | €15,315 | €15,315 | €15,315 | €15,315 | €15,315 | = |
| Distributable reserves133 | €223,382 | €264,358 | €264,358 | €141,795 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | -€56,582 | €0 | -€96,332 | - |
| Amounts payable17/49 | €980,483 | €1.1m | €890,965 | €799,193 | €700,989 | ▼ 12.3% |
| Amounts payable after more than one year17 | €280,183 | €183,998 | €85,381 | €0 | - | - |
| Financial debts170/4 | €280,183 | €183,998 | €85,381 | €0 | - | - |
| Amounts payable within one year42/48 | €684,996 | €899,472 | €785,320 | €733,899 | €658,043 | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | €101,325 | €127,281 | €130,530 | €124,824 | €34,779 | ▼ 72.1% |
| Financial debts43 | €8 | €446 | €0 | - | - | - |
| Credit institutions430/8 | €8 | €446 | €0 | - | - | - |
| Trade debts44 | €354,168 | €501,485 | €514,811 | €472,851 | €473,977 | ▲ 0.2% |
| Suppliers440/4 | €354,168 | €501,485 | €514,811 | €472,851 | €473,977 | ▲ 0.2% |
| Taxes, remuneration and social security45 | €123,118 | €119,817 | €139,499 | €135,761 | €148,776 | ▲ 9.6% |
| Taxes450/3 | €28,348 | €18 | €0 | €265 | €265 | = |
| Remuneration and social security454/9 | €94,770 | €119,799 | €139,499 | €135,496 | €148,511 | ▲ 9.6% |
| Other amounts payable47/48 | €106,378 | €150,444 | €480 | €462 | €511 | ▲ 10.5% |
| Accrued charges and deferred income492/3 | €15,304 | €16,397 | €20,264 | €65,294 | €42,947 | ▼ 34.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €331,116 | €191,036 | -€56,582 | -€65,981 | -€238,127 | ▼ 261% |
| + Depreciation and write-downs630 | €115,526 | €118,124 | €129,539 | €134,718 | €138,416 | ▲ 2.7% |
| Operating cash flow (approximation) | €446,641 | €309,160 | €72,956 | €68,738 | -€99,711 | ▼ 245% |
| Investment in fixed assets (approximation) | - | -€87,479 | -€105,653 | -€122,650 | -€52,044 | ▲ 57.6% |
| Change in cash | - | €127,035 | -€52,264 | -€148,002 | -€239,391 | ▼ 61.7% |
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
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€238,127
Net result drops to -€238,127, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €331,116 ▲325%
Operating result €434,704, net result €331,116, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €335,780 ▲93.5%
2 profitable years in a row build equity to €335,780.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 1996
Ground area
3,154 m²
Building footprint
885 m²
Parcel 11808H1298/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
MC DONALD'S
since 19962.074.833.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1298/00C000 | Flanders | 3,154 m² | 1 · 885 m² | - |
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.
Structure & network
Part of the group
PIAMAN
10 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- PIAMAN
- LAURREST
Highest known parent: PIAMAN. The sources do not say who stands above it.
Owners 1
- PIAMANparentSourceaccounts PIAMAN 202599.96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.074.833.562
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 6,476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456561281
Also
9925:BE0456561281
Registered
02-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.