LAVAGRO
ActiveSummary
LAVAGRO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.20M and a net result of €148k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 89% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-5
Solvency100=
Growth50=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 2.11 in 2024; short-term debt: 19.8% and cash: 8.8% of total assets), and 20.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
79.8%
Return on assets
2.8%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €4.20M
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 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
on the day
2023
40 d early
2022
25 d early
2021
32 d early
2020
41 d early
2019
49 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.26M▲ 1.9%
2024 · €4.19M
2019: €3.55M
2020: €3.19M▼ -10.2% vs 2019lowest in 7 years
2021: €3.82M▲ +19.9% vs 2020
2022: €3.58M▼ -6.4% vs 2021
2023: €4.36M▲ +21.9% vs 2022highest in 7 years
2024: €4.19M▼ -4.0% vs 2023
2025: €4.26M▲ +1.9% vs 2024
2019 → 2025
EBIT margin
4.9%▼ 11.1pp
2024 · 16.0%
2019: 30.7%highest in 7 years
2020: 3.4%▼ -89.1% vs 2019lowest in 7 years
2021: 13.8%▲ +311% vs 2020
2022: 8.2%▼ -40.4% vs 2021
2023: 15.3%▲ +86.4% vs 2022
2024: 16.0%▲ +4.3% vs 2023
2025: 4.9%▼ -69.3% vs 2024
2019 → 2025
Net result
€148k▼ 70.1%
2024 · €495k
2019: €715khighest in 7 years
2020: €72k▼ -89.9% vs 2019lowest in 7 years
2021: €437k▲ +507% vs 2020
2022: €208k▼ -52.3% vs 2021
2023: €497k▲ +139% vs 2022
2024: €495k▼ -0.5% vs 2023
2025: €148k▼ -70.1% vs 2024
2019 → 2025
Working capital
€546k▼ 45.7%
2024 · €1.01M
2019: €2.99Mhighest in 7 years
2020: €2.93M▼ -1.9% vs 2019
2021: €2.90M▼ -1.1% vs 2020
2022: €1.78M▼ -38.5% vs 2021
2023: €1.37M▼ -23.4% vs 2022
2024: €1.01M▼ -26.3% vs 2023
2025: €546k▼ -45.7% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.82M-€3.58M▼ 6.4%€4.36M▲ 21.9%€4.19M▼ 4.0%€4.26M▲ 1.9%
2021: €3.82M
2022: €3.58M▼ -6.4% vs 2021lowest in 5 years
2023: €4.36M▲ +21.9% vs 2022highest in 5 years
2024: €4.19M▼ -4.0% vs 2023
2025: €4.26M▲ +1.9% vs 2024
Equity€4.35M-€3.06M▼ 29.7%€3.56M▲ 16.2%€4.05M▲ 13.9%€4.20M▲ 3.6%
2021: €4.35Mhighest in 5 years
2022: €3.06M▼ -29.7% vs 2021lowest in 5 years
2023: €3.56M▲ +16.2% vs 2022
2024: €4.05M▲ +13.9% vs 2023
2025: €4.20M▲ +3.6% vs 2024
Operating result€528k-€294k▼ 44.2%€669k▲ 127%€670k▲ 0.2%€209k▼ 68.8%
2021: €528k
2022: €294k▼ -44.2% vs 2021
2023: €669k▲ +127% vs 2022
2024: €670k▲ +0.2% vs 2023highest in 5 years
2025: €209k▼ -68.8% vs 2024lowest in 5 years
Net result€437k-€208k▼ 52.3%€497k▲ 139%€495k▼ 0.5%€148k▼ 70.1%
2021: €437k
2022: €208k▼ -52.3% vs 2021
2023: €497k▲ +139% vs 2022highest in 5 years
2024: €495k▼ -0.5% vs 2023
2025: €148k▼ -70.1% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.26M
Fixed assets
€3.67M ▲ 19.5%
Current assets
€1.59M ▼ 17.3%
Equity and liabilities €5.26M
Equity
€4.20M ▲ 3.6%
Provisions
€21k ▼ 26.7%
Debt
€1.04M ▲ 14.0%
Debt's share of the balance-sheet total rises from 18.3% to 19.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.23M▼
2024 · €1.39M
Cash flow
€1.16M▼
2024 · €1.21M
Current ratio
1.53▼
2024 · 2.11
Debt to equity
0.25▲
2024 · 0.22
ROE
3.5%▼
2024 · 12.2%
ROA
2.8%▼
2024 · 9.9%
Interest coverage
501.66▼
2024 · 2031.72
Debt ≤ 1 year
€1.04M▲
2024 · €911k
Income taxes
€67k▼
2024 · €182k
Staff costs
€1.22M▲
2024 · €1.08M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.99M€5.26M▲
Fixed assets21/28€3.07M€3.67M▲
Tangible fixed assets22/27€3.02M€3.63M▲
Land and buildings22€271k€271k=
Plant, machinery and equipment23€1.88M€2.74M▲
Furniture and vehicles24€869k€613k▼
Financial fixed assets28€55k€45k▼
Other financial fixed assets284/8€55k€45k▼
Amounts receivable and cash guarantees285/8€55k€45k▼
Current assets29/58€1.92M€1.59M▼
Amounts receivable within one year40/41€1.59M€755k▼
Trade receivables40€878k€523k▼
Other amounts receivable41€716k€232k▼
Cash at bank and in hand54/58€299k€460k▲
Deferred charges and accrued income490/1€26k€370k▲
Equity and liabilities
Total equity and liabilities10/49€4.99M€5.26M▲
Equity10/15€4.05M€4.20M▲
Contributions10/11€105k€105k=
Capital10€105k€105k=
Issued capital100€105k€105k=
Reserves13€3.95M€4.09M▲
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Tax-exempt reserves132€87k€64k▼
Distributable reserves133€3.85M€4.02M▲
Provisions and deferred taxes16€29k€21k▼
Deferred taxes168€29k€21k▼
Amounts payable17/49€911k€1.04M▲
Amounts payable within one year42/48€911k€1.04M▲
Trade debts44€736k€883k▲
Suppliers440/4€736k€883k▲
Taxes, remuneration and social security45€74k€56k▼
Taxes450/3€32k-
Remuneration and social security454/9€42k€56k▲
Other amounts payable47/48€101k€100k▼
Income statement
Code20242025
Operating income70/76A€4.28M€4.61M▲
Turnover70€4.19M€4.26M▲
Other operating income74€50k€62k▲
Non-recurring operating income76A€46k€283k▲
Operating charges60/66A€3.61M€4.40M▲
Goods for resale, raw materials and consumables60€491k€558k▲
Purchases600/8€491k€558k▲
Services and other goods61€1.29M€1.57M▲
Remuneration, social security and pensions62€1.08M€1.22M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€719k€1.02M▲
Other operating charges640/8€33k€32k▼
Operating profit (loss)9901€670k€209k▼
Financial income75/76B€0€417▲
Recurring financial income75€0€417▲
Income from current assets751-€417
Other financial income752/9€0€0▼
Financial charges65/66B€684€2k▲
Recurring financial charges65€684€2k▲
Other financial charges652/9€684€2k▲
Profit (loss) for the period before taxes9903€669k€207k▼
Transfer from deferred taxes780€8k€8k=
Income taxes67/77€182k€67k▼
Taxes670/3€182k€67k▼
Profit (loss) for the period9904€495k€148k▼
Transfer from tax-exempt reserves789€23k€23k=
Profit (loss) for the period to be appropriated9905€518k€171k▼
Appropriation of the result
Profit (loss) to be appropriated9906€518k€171k▼
Transfer to equity691/2€518k€171k▼
To other reserves6921€518k€171k▼
Social balance
Average headcount (FTE)908715.717.4▲
The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €3.64M | €4.53M | €4.28M | €4.61M | ▲ 7.6% |
| Turnover70 | €3.82M | €3.58M | €4.36M | €4.19M | €4.26M | ▲ 1.9% |
| Other operating income74 | - | €30k | €50k | €50k | €62k | ▲ 23.0% |
| Non-recurring operating income76A | - | €35k | €120k | €46k | €283k | ▲ 517% |
| Operating charges60/66A | - | €3.35M | €3.86M | €3.61M | €4.40M | ▲ 21.8% |
| Goods for resale, raw materials and consumables60 | - | €435k | €484k | €491k | €558k | ▲ 13.7% |
| Purchases600/8 | - | €435k | €484k | €491k | €558k | ▲ 13.7% |
| Services and other goods61 | - | €1.71M | €1.88M | €1.29M | €1.57M | ▲ 21.4% |
| Remuneration, social security and pensions62 | - | €738k | €865k | €1.08M | €1.22M | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €419k | €452k | €619k | €719k | €1.02M | ▲ 41.4% |
| Other operating charges640/8 | - | €13k | €12k | €33k | €32k | ▼ 4.2% |
| Operating profit (loss)9901 | €528k | €294k | €669k | €670k | €209k | ▼ 68.8% |
| Financial income75/76B | - | €0 | €0 | €0 | €417 | ▲ 148,800% |
| Recurring financial income75 | €250 | €0 | €0 | €0 | €417 | ▲ 148,800% |
| Income from current assets751 | - | - | - | - | €417 | - |
| Other financial income752/9 | - | €0 | €0 | €0 | €0 | ▼ 71.4% |
| Financial charges65/66B | - | €3k | €1k | €684 | €2k | ▲ 258% |
| Recurring financial charges65 | €4k | €3k | €1k | €684 | €2k | ▲ 258% |
| Other financial charges652/9 | - | €3k | €1k | €684 | €2k | ▲ 258% |
| Profit (loss) for the period before taxes9903 | €524k | €291k | €667k | €669k | €207k | ▼ 69.0% |
| Transfer from deferred taxes780 | - | €1k | €3k | €8k | €8k | = |
| Transfer to deferred taxes680 | - | €9k | €30k | - | - | - |
| Income taxes67/77 | €89k | €76k | €143k | €182k | €67k | ▼ 63.1% |
| Taxes670/3 | - | €76k | €143k | €182k | €67k | ▼ 63.1% |
| Profit (loss) for the period9904 | €437k | €208k | €497k | €495k | €148k | ▼ 70.1% |
| Transfer from tax-exempt reserves789 | - | €60k | €8k | €23k | €23k | = |
| Transfer to tax-exempt reserves689 | - | €26k | €90k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €441k | €242k | €415k | €518k | €171k | ▼ 67.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.49M | €5.45M | €4.88M | €4.99M | €5.26M | ▲ 5.4% |
| Fixed assets21/28 | €1.46M | €1.72M | €2.64M | €3.07M | €3.67M | ▲ 19.5% |
| Tangible fixed assets22/27 | €1.43M | €1.68M | €2.59M | €3.02M | €3.63M | ▲ 20.2% |
| Land and buildings22 | - | €271k | €271k | €271k | €271k | = |
| Plant, machinery and equipment23 | - | €975k | €1.76M | €1.88M | €2.74M | ▲ 46.1% |
| Furniture and vehicles24 | - | €436k | €561k | €869k | €613k | ▼ 29.5% |
| Financial fixed assets28 | €27k | €33k | €48k | €55k | €45k | ▼ 17.8% |
| Other financial fixed assets284/8 | - | €33k | €48k | €55k | €45k | ▼ 17.8% |
| Amounts receivable and cash guarantees285/8 | - | €33k | €48k | €55k | €45k | ▼ 17.8% |
| Current assets29/58 | €4.03M | €3.74M | €2.24M | €1.92M | €1.59M | ▼ 17.3% |
| Amounts receivable within one year40/41 | €1.18M | €2.71M | €1.03M | €1.59M | €755k | ▼ 52.6% |
| Trade receivables40 | - | €696k | €803k | €878k | €523k | ▼ 40.4% |
| Other amounts receivable41 | - | €2.01M | €226k | €716k | €232k | ▼ 67.6% |
| Cash at bank and in hand54/58 | €2.83M | €1.01M | €1.19M | €299k | €460k | ▲ 54.2% |
| Deferred charges and accrued income490/1 | - | €20k | €23k | €26k | €370k | ▲ 1,333% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.49M | €5.45M | €4.88M | €4.99M | €5.26M | ▲ 5.4% |
| Equity10/15 | €4.35M | €3.06M | €3.56M | €4.05M | €4.20M | ▲ 3.6% |
| Contributions10/11 | €105k | €105k | €105k | €105k | €105k | = |
| Capital10 | - | €105k | €105k | €105k | €105k | = |
| Issued capital100 | - | €105k | €105k | €105k | €105k | = |
| Reserves13 | €4.25M | €2.95M | €3.45M | €3.95M | €4.09M | ▲ 3.7% |
| Non-distributable reserves130/1 | - | €11k | €11k | €11k | €11k | = |
| Legal reserve130 | - | €11k | €11k | €11k | €11k | = |
| Tax-exempt reserves132 | - | €28k | €110k | €87k | €64k | ▼ 26.7% |
| Distributable reserves133 | - | €2.92M | €3.33M | €3.85M | €4.02M | ▲ 4.4% |
| Provisions and deferred taxes16 | €2k | €9k | €37k | €29k | €21k | ▼ 26.7% |
| Deferred taxes168 | - | €9k | €37k | €29k | €21k | ▼ 26.7% |
| Amounts payable17/49 | €1.13M | €2.38M | €1.29M | €911k | €1.04M | ▲ 14.0% |
| Amounts payable within one year42/48 | €1.13M | €1.95M | €879k | €911k | €1.04M | ▲ 14.0% |
| Trade debts44 | €903k | €419k | €840k | €736k | €883k | ▲ 20.0% |
| Suppliers440/4 | - | €419k | €840k | €736k | €883k | ▲ 20.0% |
| Taxes, remuneration and social security45 | - | €30k | €38k | €74k | €56k | ▼ 24.8% |
| Taxes450/3 | - | - | - | €32k | - | - |
| Remuneration and social security454/9 | - | €30k | €38k | €42k | €56k | ▲ 33.1% |
| Other amounts payable47/48 | - | €1.50M | €1k | €101k | €100k | ▼ 1.0% |
| Accrued charges and deferred income492/3 | - | €431k | €411k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €437k | €208k | €497k | €495k | €148k | ▼ 70.1% |
| + Depreciation and write-downs630 | €419k | €452k | €619k | €719k | €1.02M | ▲ 41.4% |
| Operating cash flow (approximation) | €856k | €660k | €1.12M | €1.21M | €1.16M | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | €-711k | €-1.54M | €-1.15M | €-1.62M | ▼ 40.1% |
| Change in cash | - | €-1.82M | €187k | €-893k | €162k | ▲ 118% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Weakest financial yearnet €72k ▼89.9%
Net result drops to €72k, the lowest in the series; recovery starts the following year.
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
19-01
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.
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 · 1 establishment unit since 1991
Ground area
4,850 m²
Building footprint
1,153 m²
Volume, LiDAR
9,589 m³
Parcel 34032C0424/00S000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
LAVAGRO
since 19912.050.988.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / 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
1 of 1 parcel 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
2022 to 2025 · 5 entries · 8,314 EUR awarded · 8,205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,429 EUR | 1,320 EUR |
| 2024 | 1 | 2,206 EUR | 2,206 EUR |
| 2023 | 2 | 3,077 EUR | 3,077 EUR |
| 2022 | 1 | 1,602 EUR | 1,602 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Recognised contractor
6 categoriesLAVAGRO NV39128
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-12-1990
Fiscal year end30-06
Activities, NACEBEL 2025
43120Site preparation
43110Demolition
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.