LAUWERS
ActiveLAUWERS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.56M and a net result of €1.77M. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 140 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-3
Solvency86▲+1
Growth65▲+2
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.63 in 2024), but 51.7% 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 79
Relative position
BE, all sectors
reference
Sector 79
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
48.3%
Return on assets
8.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
33 d late
2022
31 d late
2021
2 d early
2020
3 d late
2019
68 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€36.56M▲ 11.7%
2024 · €32.73M
2018: €31.73M
2019: €32.10M
2020: €5.92M
2021: €8.01M
2022: €25.12M
2023: €29.74M
2024: €32.73M
2018 → 2025
EBIT margin
4.6%▲ 1.1pp
2024 · 3.5%
2018: 0.5%
2019: 0.3%
2020: -41.3%
2021: -22.3%
2022: 8.2%
2023: 1.5%
2024: 3.5%
2018 → 2025
Net result
€1.77M▼ 13.5%
2024 · €2.05M
2018: €-306k
2019: €591k
2020: €-2.37M
2021: €-1.74M
2022: €2.21M
2023: €421k
2024: €2.05M
2018 → 2025
Working capital
€6.79M▲ 26.5%
2024 · €5.37M
2018: €3.46M
2019: €3.60M
2020: €1.48M
2021: €354k
2022: €3.37M
2023: €2.92M
2024: €5.37M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.01M-€25.12M▲ 214%€29.74M▲ 18.4%€32.73M▲ 10.1%€36.56M▲ 11.7%
Equity€3.11M-€5.32M▲ 71.0%€5.74M▲ 7.9%€7.79M▲ 35.6%€9.56M▲ 22.7%
Operating result€-1.79M-€2.05M€452k▼ 78.0%€1.13M▲ 150%€1.68M▲ 48.7%
Net result€-1.74M-€2.21M€421k▼ 81.0%€2.05M▲ 386%€1.77M▼ 13.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.80M
Fixed assets
€2.77M▲ 14.5%
Current assets
€17.03M▲ 23.1%
Equity and liabilities €19.80M
Equity
€9.56M▲ 22.7%
Debt
€10.24M▲ 21.0%
The debt ratio falls from 52.1% to 51.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€2.37M▲
2024 · €1.78M
Cash flow
€2.46M▼
2024 · €2.69M
Solvency
48.3%▲
2024 · 47.9%
Current ratio
1.66▲
2024 · 1.63
Quick ratio
1.66▲
2024 · 1.63
Debt / equity
1.07▼
2024 · 1.09
ROE
18.5%▼
2024 · 26.3%
ROA
8.9%▼
2024 · 12.6%
Interest coverage
18.06▼
2024 · 18.35
Debt
€10.24M▲
2024 · €8.46M
Debt ≤ 1 year
€10.24M▲
2024 · €8.46M
Income taxes
€75k▼
2024 · €96k
Staff costs
€4.07M▼
2024 · €4.12M
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€16.25M€19.80M▲
Fixed assets21/28€2.42M€2.77M▲
Tangible fixed assets22/27€2.42M€2.75M▲
Land and buildings22€939k€871k▼
Plant, machinery and equipment23€29k€13k▼
Furniture and vehicles24€1.45M€1.87M▲
Financial fixed assets28€3k€18k▲
Other financial fixed assets284/8€3k€18k▲
Amounts receivable and cash guarantees285/8€3k€18k▲
Current assets29/58€13.83M€17.03M▲
Amounts receivable within one year40/41€1.55M€1.99M▲
Trade receivables40€952k€1.36M▲
Other amounts receivable41€601k€636k▲
Current investments50/53€10.02M€10.94M▲
Other investments51/53€10.02M€10.94M▲
Cash at bank and in hand54/58€2.22M€4.10M▲
Deferred charges and accrued income490/1€46k€116▼
Equity and liabilities
Total equity and liabilities10/49€16.25M€19.80M▲
Equity10/15€7.79M€9.56M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€7.73M€9.50M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€7.20M€7.20M=
Distributable reserves133€524k€2.30M▲
Amounts payable17/49€8.46M€10.24M▲
Amounts payable within one year42/48€8.46M€10.24M▲
Trade debts44€1.10M€984k▼
Suppliers440/4€1.10M€984k▼
Advances received on contracts in progress46€6.82M€8.71M▲
Taxes, remuneration and social security45€546k€542k▼
Taxes450/3€94k€98k▲
Remuneration and social security454/9€451k€445k▼
Accrued charges and deferred income492/3€31€35▲
Income statement
Code20242025
Operating income70/76A€33.27M€36.76M▲
Turnover70€32.73M€36.56M▲
Other operating income74€540k€193k▼
Operating charges60/66A€32.14M€35.08M▲
Goods for resale, raw materials and consumables60€20.12M€22.83M▲
Purchases600/8€20.12M€22.83M▲
Services and other goods61€7.17M€7.41M▲
Remuneration, social security and pensions62€4.12M€4.07M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€646k€686k▲
Other operating charges640/8€85k€77k▼
Operating profit (loss)9901€1.13M€1.68M▲
Financial income75/76B€1.11M€298k▼
Recurring financial income75€1.11M€298k▼
Income from current assets751€1.09M€262k▼
Other financial income752/9€15k€35k▲
Financial charges65/66B€97k€131k▲
Recurring financial charges65€97k€131k▲
Other financial charges652/9€97k€131k▲
Profit (loss) for the period before taxes9903€2.14M€1.85M▼
Income taxes67/77€96k€75k▼
Taxes670/3€96k€75k▼
Profit (loss) for the period9904€2.05M€1.77M▼
Profit (loss) for the period to be appropriated9905€2.05M€1.77M▼
Appropriation of the result
Profit (loss) to be appropriated9906€524k€1.77M▲
Profit (loss) brought forward from the previous period14P€-1.52M-
Transfer to equity691/2€524k€1.77M▲
To other reserves6921€524k€1.77M▲
Social balance
Average headcount (FTE)908766.262.2▼
The notes to these accounts (47 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 33 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €2.21M
Net result €2.21M after 2 loss-making years.
31-12
Financial
Equity above €5MEq €5.32M ▲71%
Equity rises from €3.11M to €5.32M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet €-2.37M ▼501%
Net result drops to €-2.37M, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
31-12
Financial
Back to profitnet €591k
Net result €591k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-11-2017
DF Consulting BVBA: Resigned as Director
06-08-2014
Lauwers Lucien: Resigned as Managing director
06-08-2014
Lauwers Lucien: Resigned as Director
Location & real-estate footprint
Registered office, Boechout · 1 establishment unit since 1988
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.
Nijverheidsstraat 172530 BoechoutGround area
2,961 m²
Building footprint
940 m²
Volume, LiDAR
6,172 m³
Parcel 11004A0027/00H002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LAUWERS NV
since 19882.037.945.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004A0027/00H002 | Flanders | 2,961 m² | 1 · 940 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BVBA De Mol, Meuldermans & Partners Statutory auditor · represented by Johan De Mol | - → 20-02-2018 |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 1,987,741 EUR awarded · 1,986,616 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,860 EUR | 8,610 EUR |
| 2024 | 2 | 19,922 EUR | 20,037 EUR |
| 2023 | 1 | 7,290 EUR | 5,370 EUR |
| 2022 | 4 | 1,952,669 EUR | 1,952,599 EUR |
Schemes
Globalisatiemechanisme (stopgezet)
Vlaams Beschermingsmechanisme 10 (stopgezet)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoechout
Similar companies · same sector, comparable size
SL BELGIUM
BE 0831.920.104
Charleroi · Eq €8.89M
BCD Travel Belgium
BE 0406.912.822
Antwerpen · Eq €8.76M
ANTWERP ADVANCED BUSINESS TRAVEL SERVICES
BE 0475.653.257
Antwerpen · Eq €8.72M
TUI Belgium Real Estate
BE 0405.765.351
Zaventem · Eq €11.45M
EGENCIA BELGIUM
BE 0403.266.810
Brussel · Eq €11.51M
Of 1,429 companies in sector 79110 we hold annual accounts for 874. 72 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1988
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
60230
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.