Summary
LaVa is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €295,161 and a net result of €73,086. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 33% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€295,161▲ 32.9%
2024 · €222,074
Net result
€73,086
2024 · -€65,437
Total assets
€974,010▲ 4.6%
2024 · €930,989
Solvency
30.3%▲ 6.5pp
2024 · 23.9%
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result returns to profit in 2025: €82,740 after a loss of €56,038 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€82,740
2025
Net result€73,086
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€974,010
2025
Equity€295,161
2025
Debt€678,850
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€82,747
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency30.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.64
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€75,186-€138,053▲ 83.6%€74,838▼ 45.8%€62,884▼ 16.0%-€56,038€82,740
Net result€58,702within the sector's middle half-€104,342above the sector's middle half▲ 77.7%€54,923within the sector's middle half▼ 47.4%€49,544within the sector's middle half▼ 9.8%-€65,437below the sector's middle half€73,086within the sector's middle half
Equity€78,702within the sector's middle half-€183,044within the sector's middle half▲ 133%€237,967within the sector's middle half▲ 30.0%€287,511within the sector's middle half▲ 20.8%€222,074within the sector's middle half▼ 22.8%€295,161within the sector's middle half▲ 32.9%
Total assets€171,209within the sector's middle half-€464,876within the sector's middle half▲ 172%€496,936within the sector's middle half▲ 6.9%€916,505above the sector's middle half▲ 84.4%€930,989above the sector's middle half▲ 1.6%€974,010above the sector's middle half▲ 4.6%
Debt€92,508-€281,833▲ 205%€258,968▼ 8.1%€628,994▲ 143%€708,915▲ 12.7%€678,850▼ 4.2%
Working capital€53,425within the sector's middle half-€125,343within the sector's middle half▲ 135%€174,945above the sector's middle half▲ 39.6%€90,967within the sector's middle half▼ 48.0%-€157,439below the sector's middle half-€82,747below the sector's middle half▲ 47.4%
Solvency46.0%within the sector's middle half-39.4%within the sector's middle half▼ 6.6pp47.9%within the sector's middle half▲ 8.5pp31.4%within the sector's middle half▼ 16.5pp23.9%below the sector's middle half▼ 7.5pp30.3%within the sector's middle half▲ 6.5pp
Current ratio2.36within the sector's middle half-3.09within the sector's middle half▲ 0.733.84within the sector's middle half▲ 0.761.75within the sector's middle half▼ 2.090.33below the sector's middle half▼ 1.420.64below the sector's middle half▲ 0.31
Return on assets (ROA)34.3%above the sector's middle half-22.4%within the sector's middle half▼ 11.8pp11.1%within the sector's middle half▼ 11.4pp5.4%within the sector's middle half▼ 5.6pp-7.0%below the sector's middle half▼ 12.4pp7.5%within the sector's middle half▲ 14.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €974,010
Fixed assets
€828,616 ▼ 3.1%
Current assets
€145,395 ▲ 90.9%
Equity and liabilities €974,010
Equity
€295,161 ▲ 32.9%
Debt
€678,850 ▼ 4.2%
Debt's share of the balance-sheet total falls from 76.1% to 69.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.8%▲
2024 · -29.5%
Debt ≤ 1 year
€228,141▼
2024 · €233,611
Debt > 1 year
€450,708▼
2024 · €475,304
Income taxes
€880▲
2024 · €172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,261 | €25,509 | €27,174 | €51,754 | €66,840 | €61,297 | ▼ 8.3% |
| Other operating charges640/8 | - | €2,206 | €4,192 | €4,933 | €9,608 | €5,378 | ▼ 44.0% |
| Gross operating margin9900 | €85,585 | €165,767 | €106,204 | €119,571 | €20,410 | €149,414 | ▲ 632% |
| Operating profit (loss)9901 | €75,186 | €138,053 | €74,838 | €62,884 | -€56,038 | €82,740 | - |
| Financial income75/76B | - | €179 | €0 | €2 | €0 | €39 | ▲ 121× |
| Recurring financial income75 | €161 | €179 | €0 | €2 | €0 | €39 | ▲ 121× |
| Financial charges65/66B | - | €3,010 | €4,590 | €8,506 | €9,228 | €8,813 | ▼ 4.5% |
| Recurring financial charges65 | €866 | €3,010 | €4,590 | €8,506 | €9,228 | €8,813 | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | €74,481 | €135,222 | €70,247 | €54,379 | -€65,265 | €73,966 | - |
| Income taxes67/77 | €15,779 | €30,880 | €15,324 | €4,835 | €172 | €880 | ▲ 412% |
| Profit (loss) for the period9904 | €58,702 | €104,342 | €54,923 | €49,544 | -€65,437 | €73,086 | - |
| Profit (loss) for the period to be appropriated9905 | €58,702 | €104,342 | €54,923 | €49,544 | -€65,437 | €73,086 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €171,209 | €464,876 | €496,936 | €916,505 | €930,989 | €974,010 | ▲ 4.6% |
| Fixed assets21/28 | €78,362 | €279,423 | €260,408 | €703,671 | €854,817 | €828,616 | ▼ 3.1% |
| Intangible fixed assets21 | - | - | - | - | €3,688 | €2,857 | ▼ 22.5% |
| Tangible fixed assets22/27 | €78,362 | €279,423 | €260,408 | €703,671 | €851,129 | €825,759 | ▼ 3.0% |
| Land and buildings22 | - | €214,327 | €206,951 | €188,712 | €177,647 | €166,582 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €7,556 | €4,837 | €6,105 | €4,901 | ▼ 19.7% |
| Furniture and vehicles24 | - | €65,096 | €45,901 | €29,195 | €11,903 | €3,011 | ▼ 74.7% |
| Other tangible fixed assets26 | - | - | - | €480,927 | €655,474 | €651,265 | ▼ 0.6% |
| Current assets29/58 | €92,847 | €185,453 | €236,528 | €212,834 | €76,172 | €145,395 | ▲ 90.9% |
| Amounts receivable within one year40/41 | €29,433 | €29,441 | €21,741 | €11,657 | €30,148 | €34,562 | ▲ 14.6% |
| Trade receivables40 | - | €28,333 | €21,521 | €8,972 | €27,483 | €30,440 | ▲ 10.8% |
| Other amounts receivable41 | - | €1,107 | €220 | €2,685 | €2,665 | €4,122 | ▲ 54.7% |
| Cash at bank and in hand54/58 | €59,979 | €150,042 | €194,905 | €186,071 | €35,115 | €90,055 | ▲ 156% |
| Deferred charges and accrued income490/1 | - | €5,970 | €19,882 | €15,106 | €10,910 | €20,778 | ▲ 90.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €171,209 | €464,876 | €496,936 | €916,505 | €930,989 | €974,010 | ▲ 4.6% |
| Equity10/15 | €78,702 | €183,044 | €237,967 | €287,511 | €222,074 | €295,161 | ▲ 32.9% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €58,702 | €163,044 | €217,967 | €267,511 | €202,074 | €275,161 | ▲ 36.2% |
| Amounts payable17/49 | €92,508 | €281,833 | €258,968 | €628,994 | €708,915 | €678,850 | ▼ 4.2% |
| Amounts payable after more than one year17 | €53,086 | €221,723 | €197,386 | €507,127 | €475,304 | €450,708 | ▼ 5.2% |
| Financial debts170/4 | - | €221,723 | €197,386 | €507,127 | €475,304 | €450,708 | ▼ 5.2% |
| Amounts payable within one year42/48 | €39,422 | €60,110 | €61,583 | €121,867 | €233,611 | €228,141 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €24,134 | €24,337 | €39,063 | €31,824 | €24,595 | ▼ 22.7% |
| Financial debts43 | - | €557 | €4 | €446 | €1,514 | €1,879 | ▲ 24.1% |
| Credit institutions430/8 | - | €557 | €4 | €446 | €1,514 | €1,879 | ▲ 24.1% |
| Trade debts44 | €4,222 | €2,981 | €3,433 | €58,655 | €7,445 | €30,757 | ▲ 313% |
| Suppliers440/4 | - | €2,981 | €3,433 | €58,655 | €7,445 | €30,757 | ▲ 313% |
| Taxes, remuneration and social security45 | - | €26,729 | €26,698 | €16,366 | €9,284 | €7,710 | ▼ 17.0% |
| Taxes450/3 | - | €26,729 | €24,898 | €16,366 | €9,284 | €7,710 | ▼ 17.0% |
| Remuneration and social security454/9 | - | - | €1,800 | €0 | - | - | - |
| Other amounts payable47/48 | - | €5,708 | €7,110 | €7,336 | €183,544 | €163,200 | ▼ 11.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,702 | €104,342 | €54,923 | €49,544 | -€65,437 | €73,086 | - |
| + Depreciation and write-downs630 | €9,261 | €25,509 | €27,174 | €51,754 | €66,840 | €61,297 | ▼ 8.3% |
| Operating cash flow (approximation) | €67,963 | €129,851 | €82,098 | €101,298 | €1,403 | €134,383 | ▲ 96× |
| Investment in fixed assets (approximation) | - | -€226,570 | -€8,159 | -€495,017 | -€217,987 | -€35,095 | ▲ 83.9% |
| Change in cash | - | €90,063 | €44,863 | -€8,834 | -€150,956 | €54,940 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347234 |
| 31-12-2024 | micro format | 15-07-2025 | 2025-00268617 |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00243150 |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00284378 |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20184192 |
| 31-12-2020 | micro format | 12-07-2021 | 2021-34100541 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,927 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €1,374 awarded · €1,374 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €438 | €438 |
| 2024 | 1 | €531 | €531 |
| 2022 | 1 | €405 | €405 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.