Equity
€4.2m ▲ 3.6%
LAVAGRO has made a profit in every financial year since 2007.
LAVAGRO
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1991peak €4.4m (2023)
€4.3m▲ 1.9%
peak €2.6m (2015)
€147,738▼ 70.1%
peak €4.4m (2021)
€4.2m▲ 3.6%
€1.0m▲ 14.0%
peak 17.4 FTE (2025)
17.4 FTE▲ 10.8%
Board3 names since 2018
2 directorsBUYSSENS Erik and 1 other
Owners
99.9%LAVAERT INVEST
Documentsfilings and deeds
05-01-202626 days before the deadline
2025financial year
Result from €494,690 to €147,738Staff from 15.7 FTE to 17.4 FTECash from €298,513 to €460,330
Key points
from the 2025 annual accountsResult
€147,738 ▼ 70.1%
The result fell in 2025 from €494,690 to €147,738.
Staff
18 employees on 30-06-2025
In 2025, 3 people joined and 3 left.
Payment terms
152 days to suppliers
LAVAGRO pays its suppliers 1 day later than in 2024. Customers pay 32 days earlier.
Filings
34 annual accounts since 1991
The last five annual accounts were filed 0 to 40 days before the end of the period.
Position in the sector
€4.2m
More equity than 89% of companies in specialised construction. Sector median €459,014 · 2,463 companies.
Checked score
94
Excellent
Financially stronger than 71% of small companies in specialised construction (NACE 43)
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 2,647 companies (NACE 43, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points 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 01-2026
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%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 1990
Equity €4.2m (79.8% of total assets)
Legal form: public limited company
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 43, small). It does better than 95% of them on solvency, 68% on liquidity, 75% on profitability and 48% 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 30-06-2025.
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 LAVAGRO 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 LAVAGRO 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 LAVAGRO. 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 €390,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.53 (2.11 in 2024), above the usual 1.5. Short-term debt is 19.8% and cash 8.8% of total assets. 20.2% 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
Six signals.
lowers riskraises riskneutral
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 €4.2m
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 days early
2024
on the day
2023
40 days early
2022
25 days early
2021
32 days early
2020
41 days early
2019
49 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 30 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 5 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
- LAVAERT INVEST 99.9%equity €20.7m (2025) · 30-06-2025 annual accounts of LAVAERT INVEST
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442277438
1 director appointed, 2 reappointments
Reappointments: LAVAERT INVEST (managing director) and BUYSSENS Erik (managing director) · Permanent representative: LAVAERT Isabel · Appointment: LAVAERT INVEST (chair of the board) · Gazette deed
Permanent representative: Isabel Lavaert
Resignation: Isabel Lavaert (director) · General meeting of 15-06-2019 · Gazette deed
First establishment
Triloystraat 43, Menen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LAVAGRO Menen | €4.3m | 4.9% | 79.8% | 17.4 |
| Deva Zuienkerke | €7.9m | 12.2% | 60.0% | 19.6 |
| DEWIL R. Linter | €3.1m | 18.1% | 94.6% | 16.8 |
| VAN HULLE PAUL GRONDWERKEN Tielt | €2.7m | 5.6% | 61.3% | 12.2 |
| E. DE KOCK Overijse | €4.7m | 1.9% | 45.8% | 23.1 |
| MAENHAUT WIM Aalter | €12.6m | 13.6% | 43.6% | 17.8 |
| PECHE Villers-le-Bouillet | €10.5m | 18.9% | 70.7% | 16.4 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LAVAGRO: site preparation (NACE 43120). They are comparable in size and age: total assets between €2.5m and €7.9m, founded between 1978 and 1997.
Official details
Source: KBO- Status
- Active since 06-12-1990Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 30-06-2025
- Establishment unit
- 2.050.988.7848930 Menen, since 10-01-1991
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- €5.3m▲ 5.4%
- Employeeson 30-06-2025
- 18=
- Filing
- Filed on 05-01-2026, 26 days before the end of the filing period
Insights on LAVAGRO
LAVAGRO has existed since 1990. The present size dates from 2012. Turnover rose that year from €490,995 to €1.8m.
LAVAERT INVEST holds all the shares. In January 2024, the Official Gazette published the appointment of BUYSSENS Erik as managing director.
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 LAVAGRO
- What is the company number of LAVAGRO?
- The company number of LAVAGRO is 0442.277.438. The VAT number is the same number with BE in front: BE 0442.277.438.
- Where is LAVAGRO based?
- The registered office is at Triloystraat 43, 8930 Menen.Company details
- What does LAVAGRO do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of LAVAGRO?
- LAVAGRO is a public limited company (NV).
- When was LAVAGRO founded?
- LAVAGRO was founded on 06-12-1990.
- Is LAVAGRO still active?
- Yes, LAVAGRO is an active enterprise in the KBO register.
- How many employees does LAVAGRO have?
- LAVAGRO had an average of 17.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LAVAGRO fall under?
- In its 30-06-2025 annual accounts, LAVAGRO states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of LAVAGRO?
- The turnover of LAVAGRO was €4.3m in financial year 2025, according to the filed annual accounts.
- Is LAVAGRO profitable?
- In financial year 2025, LAVAGRO made a profit of €147,738.
- Where can I find the annual accounts of LAVAGRO?
- LAVAGRO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LAVAGRO due?
- LAVAGRO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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