Financials
- Financial year
- 2025
- Total assets
- €3.3m
- Loss
- -€727,628
- Solvency
- -8.2%
Total assets▼ 24.7%
Net result
20182025
LAVA GROUP
ActiveThe file of LAVA GROUP contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is at least 25% (high). The 2025 annual accounts show negative equity (-€268,522) and a net result of -€727,628. Equity is growing by about 2.8% per year across the filed financial years. Its solvency ranks better than 9% of 473 sector peers (NACE 28, financial year 2025).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28930
1 site
Size
€3.3mtotal assets 2025
- Staff
- 24.5 FTE
- Equity
- -€268,522
- Loss
- -€727,628
Turnover not published (abbreviated format)
Structure
- Largest shareholder
- KITEC · 45%
- Holdings
- 1
Accounts 17 days early0 of 10 deeds read
Why 5raises riskReorganisation plan being carried out (approved, Gazette 30-03-2026)Negative equity -€268,522Loss of €727,628 (financial year 2025)Size: 24.5 FTE, total assets €3.3mShow the evidence
Checked score
Score 2025
5
/ 100
Critical
Probability in this band: over 15.0%
Financially better than 3% of its sector peers (NACE 28, small)
Financial strength · tick = 2023
Weak
Solvency
17-19
equity -8.2% of total assets
Liquidity
5-17
short-term debt 84.7% · cash 1.0%
Profitability
0-70
return on assets -22.2%
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.3%lowest value
12-2024: 1.3%● unchanged vs 11-2024lowest value
01-2025: 1.3%● unchanged vs 12-2024lowest value
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.7%▲ +0.3 percentage points vs 06-2025
08-2025: 2.4%▲ +0.7 percentage points vs 07-2025
09-2025: 3.0%▲ +0.6 percentage points vs 08-2025
10-2025: 4.1%▲ +1.1 percentage points vs 09-2025
11-2025: 4.2%▲ +0.1 percentage points vs 10-2025
12-2025: 4.5%▲ +0.3 percentage points vs 11-2025
01-2026: 6.2%▲ +1.7 percentage points vs 12-2025
04-2026: ≥ 25%
05-2026: ≥ 25%● unchanged vs 04-2026
06-2026: ≥ 25%● unchanged vs 05-2026
07-2026: ≥ 25%● unchanged vs 06-2026
08-2026: ≥ 25%● unchanged vs 07-2026
09-2026: ≥ 25%● unchanged vs 08-2026
10-2026: ≥ 25%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.64, compared with 1.1 in 2023, below 1; short-term debt: 84.7% and cash: 1% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, small): better than 4% on solvency, 2% on liquidity and 3% on profitability.
The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year -€268,522
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 14-01-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2023
84 days early
2022
32 days early
2021
20 days early
2020
31 days early
2019
91 days late
2018
30 days late
← 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 9 days before the deadline; the sector median (NACE 28) for financial year 2023 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Plan homologationEnterprise Court of Ghent ·…
- OpeningEnterprise Court of Ghent ·…
- Annual accounts filedfinancial year 2025 · abbreviated…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€268,522 View
- Caution: Among the weakest 5% on net resultsector median €43,576 · 473 companies -€727,628 View
- Flemish supportawarded from 2022 to 2025 €388,629 View
- Positive: Filed on time since financial year 2020accounts within the deadline every year 5 years View
By topic
Board & ownership
- Largest shareholder
- KITEC · 45%
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 47
- Since
- 1985
- 30-06-2025Weakest financial year
- 08-05-2024Annual accounts filed
- 31-12-2023Highest result from 2018 to 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28930
- Founded
- 27-12-1983
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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