Equity
€4.2m ▲ 0.8%
LAVAERT has made a profit in every financial year since 2006.
LAVAERT
Lifetime
20 annual accounts with figures on one time axis, 44 filings since 1982peak €7.4m (2012)
€1.7m▼ 28.1%
peak €1.4m (2021)
€33,112▼ 86.8%
peak €4.2m (2025)
€4.2m▲ 0.8%
€1.3m▲ 33.9%
peak 11.8 FTE (2009)
-not published
Board4 names since 2012
2 directorsBuyssens Erik and 1 other
Owners
99.92%LAVAERT INVEST
Documentsfilings and deeds
19-08-202619 days late
2025financial year
Turnover from €2.3m to €1.7mResult from €251,239 to €33,1121 manager resigning 23-07Debts from €1.0m to €1.3mInvestments €3.0mCash from €2.1m to €311,125
Key points
from the 2025 annual accountsResult
€33,112 ▼ 86.8%
The result fell in 2025: the 2024 profit included a one-off income of €190,613.
Investments
€3.0m 12.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 224.8% higher than in 2024.
Liquidity
0.91 was 3.54 in 2024
Short-term debts rose from €1.0m to €1.3m.
Filings
44 annual accounts since 1982
Two of the last ten came late. The 2025 accounts came latest: 19 days after the end of the period.
Position in the sector
75.6%
Higher solvency than 86% of companies in waste collection and treatment. Sector median 40.5% · 280 companies.
Checked score
95
Excellent
Financially stronger than 63% of small companies in waste collection and treatment (NACE 38)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 200 companies (NACE 38, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: 0.1%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.91, cash €311,125, halved
Sector: Waste collection, recovery and disposal activities (NACE 38)
lowers risk
Size: turnover €1.7m, total assets €5.5m
Founded in 1981
Calculation
The band follows from the bankruptcy probability. 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 38, small). It does better than 93% of them on solvency, 58% on liquidity, 77% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as LAVAERT has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LAVAERT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 14,766 companies, not a prediction for LAVAERT. 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.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.91 (3.54 in 2024), below 1. Short-term debt is 24.4% and cash 5.7% of total assets. 24.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
19 days late
2024
2 days early
2023
15 days early
2022
7 days early
2021
38 days early
2020
2 days late
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BE
Buyssens Erik
Director, since 24-06-2025
- LAVAERT INVEST 99.92%equity €20.7m (2025) · 30-06-2025 annual accounts of LAVAERT INVEST
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0421976823
1 manager resigning
Changes of role: Eric BUYSSENS (director) and LAVAERT INVEST (director) · Resignation: Isabel LAVAERT (director, formerly manager) · Permanent representatives: Raphaël LAVAERT and Isabel LAVAERT · General meeting of 24-06-2025 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen · Menen
1 manager resigning
Permanent representatives: Isabel Lavaert and Raphaël Lavaert · Isabel Lavaert (manager) · General meeting of 15-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LAVAERT Menen | €1.7m | 6.0% | 75.6% | - |
| Intergemeentelijke vereniging voor duurzaam milieubeleid in Izegem en Ommeland Izegem | €3.5m | -1.7% | 13.9% | 38.6 |
| Intercommunale Vereniging voor de Ophaling van Afvalstoffen in de Gemeenten van de vroegere randfederatie Tervuren Hoeilaart | €0.8m | 51.8% | 59.3% | 48.6 |
| Recyc-Mattress Belgium Sint-Gillis (bij-Brussel) | €1.8m | -14.7% | -108.6% | - |
| Opdrachthoudende Vereniging voor Huisvuilverwerking Midden-Waasland Sint-Niklaas | €2.6m | -7.7% | 60.7% | 48.5 |
| INTERCOMMUNALE VOOR AFVALBEHEER INTERZA Zaventem | €4.5m | 12.5% | 53.8% | 56.7 |
| Intercommunale voor Huisvuilverwerking en Milieuzorg DURME - MOERVAART Lokeren | €4.9m | 9.1% | 66.4% | 112.8 |
Grey: the largest companies of the sector (waste collection and treatment (NACE 38)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LAVAERT: waste collection, recovery and disposal activities (NACE 38110). They are comparable in size and age: total assets between €1.4m and €20m, founded between 1973 and 1991.
Official details
Source: KBO- Status
- Active since 15-10-1981Normal situation
- Activity
- Waste collection, recovery and disposal activitiesNACE 38110and 4 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 132Technical farming and horticulture work
- 140Transport and logistics · annual accounts 2023
- Establishment units
- 2.102.319.7018930 Menen, since 19-10-1981
- 2.291.825.9288930 Menen, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on LAVAERT
LAVAERT has existed since 1981. Turnover fell from €5.0m in 2006 to €1.7m in 2025.
LAVAERT INVEST holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LAVAERT
- What is the company number of LAVAERT?
- The company number of LAVAERT is 0421.976.823. The VAT number is the same number with BE in front: BE 0421.976.823.
- Where is LAVAERT based?
- The registered office is at Triloystraat 43, 8930 Menen.Company details
- What does LAVAERT do?
- According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38110).
- What is the legal form of LAVAERT?
- LAVAERT is a private limited company (BV).
- When was LAVAERT founded?
- LAVAERT was founded on 15-10-1981.
- Is LAVAERT still active?
- Yes, LAVAERT is an active enterprise in the KBO register.
- How many employees does LAVAERT have?
- LAVAERT had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does LAVAERT fall under?
- In its 2023 annual accounts, LAVAERT states joint committees 200 (Auxiliary committee for white-collar workers), 132 (Technical farming and horticulture work) and 140 (Transport and logistics).
- What is the turnover of LAVAERT?
- The turnover of LAVAERT was €1.7m in financial year 2025, according to the filed annual accounts.
- Is LAVAERT profitable?
- In financial year 2025, LAVAERT made a profit of €33,112.
- Where can I find the annual accounts of LAVAERT?
- LAVAERT filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LAVAERT due?
- LAVAERT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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