LAVANDI
ActiveSummary
LAVANDI has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,603 and a net result of €22,007. Equity is shrinking by ~12.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-17
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 13.01 against 13.02 in 2024; short-term debt: 4.8% and cash: 51.5% of total assets), and 5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
95%
Return on assets
9.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
28 d late
2023
28 d late
2022
on the day
2021
3 d late
2020
30 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€229,603▼ 12.4%
2024 · €262,164
Total assets
€241,748▼ 12.5%
2024 · €276,182
Net result
€22,007▼ 64.9%
2024 · €62,750
Working capital
€138,164▼ 13.5%
2024 · €159,679
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
Operating result€26,108€14,176▼ 45.7%€7,746▼ 45.4%€94,289▲ 1,117%€30,560▼ 67.6%
Net result€24,179€10,011▼ 58.6%€4,437▼ 55.7%€62,750▲ 1,314%€22,007▼ 64.9%
Equity€267,205▼ 1.2%€228,130▼ 14.6%€230,901▲ 1.2%€262,164▲ 13.5%€229,603▼ 12.4%
Total assets€279,358▲ 1.2%€248,004▼ 11.2%€243,267▼ 1.9%€276,182▲ 13.5%€241,748▼ 12.5%
Debt€12,153▲ 109%€19,874▲ 63.5%€12,366▼ 37.8%€14,018▲ 13.4%€12,144▼ 13.4%
Working capital€55,875▲ 3.8%€41,127▼ 26.4%€67,741▲ 64.7%€159,679▲ 136%€138,164▼ 13.5%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241,748
Fixed assets
€92,084 ▼ 10.8%
Current assets
€149,664 ▼ 13.5%
Equity and liabilities €241,748
Equity
€229,603 ▼ 12.4%
Debt
€12,144 ▼ 13.4%
Debt's share of the balance-sheet total falls from 5.1% to 5.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46,218▼
2024 · €112,524
Cash flow
€37,664▼
2024 · €80,985
Current ratio
13.01=
2024 · 13.02
Debt to equity
0.05▼
2024 · 0.05
ROE
9.6%▼
2024 · 23.9%
ROA
9.1%▼
2024 · 22.7%
Interest coverage
55.56▼
2024 · 128.89
Debt ≤ 1 year
€11,500▼
2024 · €13,285
Income taxes
€7,722▼
2024 · €30,666
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,245 | €24,279 | €24,338 | €18,235 | €15,657 | ▼ 14.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €1,977 | €1,977 | €1,977 | - | - | - |
| Other operating charges640/8 | €2,418 | €2,437 | €2,654 | €2,603 | €2,224 | ▼ 14.6% |
| Gross operating margin9900 | €55,748 | €42,869 | €36,715 | €115,127 | €48,442 | ▼ 57.9% |
| Operating profit (loss)9901 | €26,108 | €14,176 | €7,746 | €94,289 | €30,560 | ▼ 67.6% |
| Financial income75/76B | €631 | - | - | - | - | - |
| Recurring financial income75 | €631 | - | - | - | - | - |
| Financial charges65/66B | €170 | €685 | €892 | €873 | €832 | ▼ 4.7% |
| Recurring financial charges65 | €170 | €685 | €892 | €873 | €832 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €26,569 | €13,491 | €6,854 | €93,416 | €29,729 | ▼ 68.2% |
| Income taxes67/77 | €2,390 | €3,480 | €2,417 | €30,666 | €7,722 | ▼ 74.8% |
| Profit (loss) for the period9904 | €24,179 | €10,011 | €4,437 | €62,750 | €22,007 | ▼ 64.9% |
| Transfer from tax-exempt reserves789 | €8,818 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €32,997 | €10,011 | €4,437 | €62,750 | €22,007 | ▼ 64.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,358 | €248,004 | €243,267 | €276,182 | €241,748 | ▼ 12.5% |
| Fixed assets21/28 | €211,330 | €187,051 | €163,911 | €103,218 | €92,084 | ▼ 10.8% |
| Tangible fixed assets22/27 | €211,330 | €187,051 | €163,911 | €103,218 | €92,084 | ▼ 10.8% |
| Land and buildings22 | €56,053 | €49,906 | €43,758 | - | - | - |
| Furniture and vehicles24 | €18,784 | €14,620 | €10,539 | €7,811 | €7,867 | ▲ 0.7% |
| Other tangible fixed assets26 | €136,493 | €122,525 | €109,614 | €95,407 | €84,217 | ▼ 11.7% |
| Current assets29/58 | €68,028 | €60,953 | €79,356 | €172,964 | €149,664 | ▼ 13.5% |
| Amounts receivable within one year40/41 | €7,158 | €5,468 | €6,211 | €17,924 | €24,634 | ▲ 37.4% |
| Trade receivables40 | - | - | €951 | - | €978 | - |
| Other amounts receivable41 | €7,158 | €5,468 | €5,260 | €17,924 | €23,655 | ▲ 32.0% |
| Cash at bank and in hand54/58 | €57,828 | €52,803 | €71,370 | €152,455 | €124,465 | ▼ 18.4% |
| Deferred charges and accrued income490/1 | €3,042 | €2,682 | €1,775 | €2,585 | €565 | ▼ 78.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,358 | €248,004 | €243,267 | €276,182 | €241,748 | ▼ 12.5% |
| Equity10/15 | €267,205 | €228,130 | €230,901 | €262,164 | €229,603 | ▼ 12.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €205,205 | €166,130 | €168,901 | €200,164 | €167,603 | ▼ 16.3% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €199,005 | €159,930 | €162,701 | €193,964 | €161,403 | ▼ 16.8% |
| Amounts payable17/49 | €12,153 | €19,874 | €12,366 | €14,018 | €12,144 | ▼ 13.4% |
| Amounts payable within one year42/48 | €12,153 | €19,826 | €11,615 | €13,285 | €11,500 | ▼ 13.4% |
| Trade debts44 | €1,685 | €1,853 | €377 | €519 | €329 | ▼ 36.6% |
| Suppliers440/4 | €1,685 | €1,853 | €377 | €519 | €329 | ▼ 36.6% |
| Taxes, remuneration and social security45 | - | €1,124 | - | - | - | - |
| Taxes450/3 | - | €1,124 | - | - | - | - |
| Other amounts payable47/48 | €10,468 | €16,849 | €11,238 | €12,766 | €11,171 | ▼ 12.5% |
| Accrued charges and deferred income492/3 | - | €48 | €751 | €733 | €644 | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,179 | €10,011 | €4,437 | €62,750 | €22,007 | ▼ 64.9% |
| + Depreciation and write-downs630 | €25,245 | €24,279 | €24,338 | €18,235 | €15,657 | ▼ 14.1% |
| Operating cash flow (approximation) | €49,424 | €34,290 | €28,775 | €80,985 | €37,664 | ▼ 53.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,198 | €42,458 | -€4,523 | ▼ 111% |
| Change in cash | - | -€5,025 | €18,567 | €81,085 | -€27,990 | ▼ 135% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €62,750 ▲1,314%
Operating result €94,289, net result €62,750, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 6.83
Current ratio from 3.07 to 6.83; short-term debt falls from €19,826 to €11,615.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Back to profitnet €24,179
Net result €24,179 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 10.26
Current ratio from 3.51 to 10.26; short-term debt falls from €70,252 to €5,813.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Weakest financial yearnet -€13,935
Net result drops to -€13,935, the lowest in the series; recovery starts the following year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Waregem · 1 establishment unit since 1989
Ground area
996 m²
Building footprint
349 m²
Volume, LiDAR
2,062 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LAVANDI NV
since 19892.045.911.033
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0387/00B004 | Flanders | 745 m² | 1 · 152 m² | 9.0 m · 2 fl. |
| 34006A0375/00A005 | Flanders | 251 m² | 1 · 197 m² | 10.9 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
25490068FMXE90YXX057
Identification & contact
Identification
Legal formPublic limited company
Founded23-10-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
2 convocationsGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers.
General meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resul- taat. Kwijting bestuurders. (Her)Benoemingen. Divers.