LAVAERT
ActiveSummary
LAVAERT has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.16M and a net result of €33k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency100=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.91 against 3.54 in 2024; short-term debt: 24.4% and cash: 5.7% of total assets), and 24.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
75.6%
Return on assets
0.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
2 d early
2023
15 d early
2022
7 d early
2021
38 d early
2020
2 d late
2019
2 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.66M▼ 28.1%
2024 · €2.30M
EBIT margin
6.0%▼ 10.2pp
2024 · 16.1%
Net result
€33k▼ 86.8%
2024 · €251k
Working capital
€-127k
2024 · €2.55M
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€3.16M▼ 10.9%€3.28M▲ 3.5%€3.44M▲ 5.1%€2.30M▼ 33.1%€1.66M▼ 28.1%
Operating result€1.52M▲ 356%€589k▼ 61.3%€580k▼ 1.6%€372k▼ 35.9%€99k▼ 73.4%
Net result€1.44M▲ 576%€415k▼ 71.2%€399k▼ 3.9%€251k▼ 37.0%€33k▼ 86.8%
EBIT margin48.1%▲ 38.7pp18.0%▼ 30.2pp16.8%▼ 1.1pp16.1%▼ 0.7pp6.0%▼ 10.2pp
Equity€3.06M▲ 4.8%€3.47M▲ 13.6%€3.87M▲ 11.5%€4.12M▲ 6.5%€4.16M▲ 0.8%
Total assets€5.33M▲ 6.3%€5.48M▲ 3.0%€5.39M▼ 1.7%€5.13M▼ 4.9%€5.50M▲ 7.3%
Debt€2.25M▲ 9.7%€2.01M▼ 10.8%€1.52M▼ 24.4%€1.00M▼ 33.8%€1.34M▲ 33.9%
Working capital€783k▲ 109%€1.58M▲ 102%€2.22M▲ 40.3%€2.55M▲ 14.9%€-127k
Staff (FTE)2▼ 55.6%1.3▼ 35.0%1▼ 23.1%0▼ 100%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.50M
Fixed assets
€4.28M ▲ 172%
Current assets
€1.22M ▼ 65.7%
Equity and liabilities €5.50M
Equity
€4.16M ▲ 0.8%
Provisions
€0 ▼ 100%
Debt
€1.34M ▲ 33.9%
Debt's share of the balance-sheet total rises from 19.6% to 24.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€344k▼
2024 · €657k
Cash flow
€278k▼
2024 · €537k
Current ratio
0.91▼
2024 · 3.54
Debt to equity
0.32▲
2024 · 0.24
ROE
0.8%▼
2024 · 6.1%
ROA
0.6%▼
2024 · 4.9%
Interest coverage
6.37▼
2024 · 11.25
Debt ≤ 1 year
€1.34M▲
2024 · €1.00M
Income taxes
€17k▼
2024 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.07M | €3.56M | €3.71M | €2.57M | €1.98M | ▼ 22.7% |
| Turnover70 | €3.16M | €3.28M | €3.44M | €2.30M | €1.66M | ▼ 28.1% |
| Other operating income74 | €90k | €43k | €58k | €74k | €93k | ▲ 25.9% |
| Non-recurring operating income76A | €818k | €245k | €213k | €191k | €236k | ▲ 23.6% |
| Operating charges60/66A | €2.55M | €2.97M | €3.13M | €2.19M | €1.89M | ▼ 14.1% |
| Goods for resale, raw materials and consumables60 | €46k | €54k | €46k | €9k | €10k | ▲ 2.6% |
| Purchases600/8 | €59k | €35k | €46k | €9k | €10k | ▲ 2.6% |
| Change in stocks: decrease (increase)609 | €-13k | €20k | - | - | - | - |
| Services and other goods61 | €1.78M | €2.32M | €2.65M | €1.78M | €1.55M | ▼ 12.9% |
| Remuneration, social security and pensions62 | €98k | €63k | €57k | €606 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €551k | €461k | €312k | €286k | €245k | ▼ 14.2% |
| Other operating charges640/8 | €75k | €72k | €73k | €115k | €76k | ▼ 34.2% |
| Operating profit (loss)9901 | €1.52M | €589k | €580k | €372k | €99k | ▼ 73.4% |
| Financial income75/76B | €100 | €119 | €3k | €41k | €5k | ▼ 88.2% |
| Recurring financial income75 | €100 | €119 | €3k | €41k | €5k | ▼ 88.2% |
| Income from current assets751 | €96 | €82 | €3k | €41k | €5k | ▼ 88.2% |
| Other financial income752/9 | €3 | €37 | €0 | - | - | - |
| Financial charges65/66B | €28k | €30k | €41k | €60k | €55k | ▼ 7.9% |
| Recurring financial charges65 | €28k | €30k | €41k | €60k | €55k | ▼ 7.9% |
| Debt charges650 | €27k | €28k | €40k | €58k | €54k | ▼ 7.6% |
| Other financial charges652/9 | €1k | €2k | €816 | €1k | €838 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €1.50M | €560k | €541k | €353k | €49k | ▼ 86.2% |
| Transfer from deferred taxes780 | €21k | €14k | €4k | €2k | €808 | ▼ 63.3% |
| Income taxes67/77 | €77k | €158k | €146k | €104k | €17k | ▼ 84.1% |
| Taxes670/3 | €77k | €158k | €146k | €104k | €17k | ▼ 84.1% |
| Profit (loss) for the period9904 | €1.44M | €415k | €399k | €251k | €33k | ▼ 86.8% |
| Transfer from tax-exempt reserves789 | €63k | €42k | €12k | €7k | €2k | ▼ 63.3% |
| Profit (loss) for the period to be appropriated9905 | €1.50M | €457k | €411k | €258k | €36k | ▼ 86.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.33M | €5.48M | €5.39M | €5.13M | €5.50M | ▲ 7.3% |
| Fixed assets21/28 | €2.29M | €1.90M | €1.66M | €1.58M | €4.28M | ▲ 172% |
| Tangible fixed assets22/27 | €2.28M | €1.88M | €1.65M | €1.57M | €4.28M | ▲ 174% |
| Land and buildings22 | €1.51M | €1.38M | €1.33M | €1.27M | €4.13M | ▲ 225% |
| Plant, machinery and equipment23 | €106k | €47k | €25k | €7k | - | - |
| Furniture and vehicles24 | €658k | €452k | €286k | €286k | €149k | ▼ 48.0% |
| Financial fixed assets28 | €18k | €18k | €11k | €11k | - | - |
| Other financial fixed assets284/8 | €18k | €18k | €11k | €11k | - | - |
| Amounts receivable and cash guarantees285/8 | €18k | €18k | €11k | €11k | - | - |
| Current assets29/58 | €3.03M | €3.59M | €3.73M | €3.55M | €1.22M | ▼ 65.7% |
| Stocks and contracts in progress3 | €20k | - | - | - | - | - |
| Stocks30/36 | €20k | - | - | - | - | - |
| Raw materials and consumables30/31 | €20k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €949k | €1.25M | €1.59M | €963k | €645k | ▼ 33.1% |
| Trade receivables40 | €918k | €1.19M | €1.32M | €741k | €556k | ▼ 24.9% |
| Other amounts receivable41 | €31k | €64k | €269k | €222k | €88k | ▼ 60.2% |
| Current investments50/53 | €76k | €226k | €226k | €226k | €226k | = |
| Other investments51/53 | €76k | €226k | €226k | €226k | €226k | = |
| Cash at bank and in hand54/58 | €1.99M | €2.11M | €1.91M | €2.15M | €311k | ▼ 85.5% |
| Deferred charges and accrued income490/1 | - | - | - | €213k | €36k | ▼ 83.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.33M | €5.48M | €5.39M | €5.13M | €5.50M | ▲ 7.3% |
| Equity10/15 | €3.06M | €3.47M | €3.87M | €4.12M | €4.16M | ▲ 0.8% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €3.03M | €3.44M | €3.84M | €4.09M | €4.13M | ▲ 0.8% |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | - | - |
| Tax-exempt reserves132 | €222k | €180k | €169k | €162k | €160k | ▼ 1.5% |
| Distributable reserves133 | €2.80M | €3.26M | €3.67M | €3.93M | €3.97M | ▲ 1.0% |
| Provisions and deferred taxes16 | €21k | €7k | €3k | €808 | - | - |
| Deferred taxes168 | €21k | €7k | €3k | €808 | - | - |
| Amounts payable17/49 | €2.25M | €2.01M | €1.52M | €1.00M | €1.34M | ▲ 33.9% |
| Amounts payable within one year42/48 | €2.25M | €2.01M | €1.52M | €1.00M | €1.34M | ▲ 33.9% |
| Trade debts44 | €171k | €1.18M | €671k | €177k | €91k | ▼ 48.7% |
| Suppliers440/4 | €171k | €1.18M | €671k | €177k | €91k | ▼ 48.7% |
| Taxes, remuneration and social security45 | €91k | €124k | €113k | €60k | €56k | ▼ 7.2% |
| Taxes450/3 | €83k | €119k | €107k | €60k | €56k | ▼ 7.1% |
| Remuneration and social security454/9 | €9k | €6k | €5k | €22 | - | - |
| Other amounts payable47/48 | €1.99M | €706k | €732k | €767k | €1.20M | ▲ 56.2% |
| Accrued charges and deferred income492/3 | - | - | €160 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.44M | €415k | €399k | €251k | €33k | ▼ 86.8% |
| + Depreciation and write-downs630 | €551k | €461k | €312k | €286k | €245k | ▼ 14.2% |
| Operating cash flow (approximation) | €1.99M | €876k | €711k | €537k | €278k | ▼ 48.1% |
| Investment in fixed assets (approximation) | - | €-66k | €-70k | €-205k | €-2.95M | ▼ 1,338% |
| Change in cash | - | €121k | €-195k | €234k | €-1.84M | ▼ 886% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €33k ▼86.8%
Net result drops to €33k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.44M ▲576%
Operating result €1.52M, net result €1.44M, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
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 7 acts read
About the unread acts
We know of 7 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
7 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, Menen · 2 establishment units since 1981
Ground area
3.0 ha
Building footprint
3,590 m²
Volume, LiDAR
26,102 m³
2 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
LAVAERT BVBA
since 19812.102.319.701
Lavaert
since 20082.291.825.928
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024B0272/00G007 | Flanders | 2.6 ha | 1 · 2,436 m² | 12.3 m · 2 fl. |
| 34032C0424/00S000 | Flanders | 4,850 m² | 1 · 1,153 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 3,533 EUR awarded · 3,533 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 807 EUR | 807 EUR |
| 2023 | 2 | 2,726 EUR | 2,726 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.102.319.701
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Of 394 companies in sector 38110 we hold annual accounts for 203. 105 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
Founded15-10-1981
Fiscal year end31-12
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
01610Support activities for crop production
43110Demolition
43120Site preparation
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.