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LAVANDO

Active
Public limited companyfounded 1993active for 33 yearsWeststraat 81, 9940 Evergem, BelgiumKBO/BCE: BE 0449.821.662
Summary

LAVANDO has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446,200 and a net result of €179,700, of which €237,214 non-recurring income. Equity remains stable across the filed financial years (±0.5% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €530,000
Estimated: probably between €370,000 and €770,000
Total assets
€725,247▲ 25.9%
2024 · €576,076
Net result
€179,700
2024 · -€792
Working capital
€99,541
2024 · -€192,183
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 23 times 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€247,351 2025 Net result€179,700 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€12,258-€11,602▼ 5.4%€10,467▼ 9.8%€7,342▼ 29.9%€9,939▲ 35.4%€10,713▲ 7.8%€247,351▲ 23×
Net result€2,118-€1,867▼ 11.8%-€1,332-€4,765▼ 258%-€2,428▲ 49.0%-€792▲ 67.4%€179,700
Equity€273,949-€275,816▲ 0.7%€274,485▼ 0.5%€269,720▼ 1.7%€267,292▼ 0.9%€266,500▼ 0.3%€446,200▲ 67.4%
Total assets€602,456-€588,702▼ 2.3%€581,242▼ 1.3%€603,579▲ 3.8%€588,703▼ 2.5%€576,076▼ 2.1%€725,247▲ 25.9%
Debt€328,507-€312,885▼ 4.8%€306,758▼ 2.0%€333,859▲ 8.8%€321,411▼ 3.7%€309,576▼ 3.7%€279,047▼ 9.9%
Working capital-€207,062--€202,403▲ 2.2%-€196,748▲ 2.8%-€193,226▲ 1.8%-€187,992▲ 2.7%-€192,183▼ 2.2%€99,541
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725,247
Fixed assets €358,137 ▼ 28.4%
Current assets €367,110 ▲ 385%
Equity and liabilities €725,247
Equity €446,200 ▲ 67.4%
Debt €279,047 ▼ 9.9%
Debt's share of the balance-sheet total falls from 53.7% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€261,809▲
2024 · €28,665
Cash flow
€194,158▲
2024 · €17,160
Current ratio
1.37▲
2024 · 0.28
Debt to equity
0.63▼
2024 · 1.16
ROE
40.3%▲
2024 · -0.3%
ROA
24.8%▲
2024 · -0.1%
Interest coverage
15.98▲
2024 · 2.39
Debt ≤ 1 year
€267,569▼
2024 · €267,879
Debt > 1 year
€0▼
2024 · €33,199
Income taxes
€51,386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€576,076€725,247▲
Fixed assets21/28€500,381€358,137▼
Tangible fixed assets22/27€500,381€358,137▼
Land and buildings22€500,381€358,137▼
Current assets29/58€75,695€367,110▲
Amounts receivable within one year40/41€151€0▼
Other amounts receivable41€151€0▼
Current investments50/53€37,581€337,581▲
Cash at bank and in hand54/58€37,964€29,529▼
Equity and liabilities
Total equity and liabilities10/49€576,076€725,247▲
Equity10/15€266,500€446,200▲
Contributions10/11€297,472€297,472=
Capital10€297,472€297,472=
Issued capital100€297,472€297,472=
Reserves13-€148,728
Distributable reserves133-€148,728
Profit (loss) carried forward14-€30,972€0▲
Amounts payable17/49€309,576€279,047▼
Amounts payable after more than one year17€33,199€0▼
Financial debts170/4€33,199€0▼
Amounts payable within one year42/48€267,879€267,569▼
Current portion of amounts payable after more than one year42€12,984€0▼
Trade debts44€42€8▼
Suppliers440/4€42€8▼
Taxes, remuneration and social security45€3,022€15,731▲
Taxes450/3€3,022€15,731▲
Other amounts payable47/48€251,830€251,830=
Accrued charges and deferred income492/3€8,498€11,478▲
Income statement Code20242025
Non-recurring operating income76A-€237,214
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,952€14,458▼
Other operating charges640/8€4,631€3,563▼
Gross operating margin9900€33,296€265,371▲
Operating profit (loss)9901€10,713€247,351▲
Financial income75/76B€502€114▼
Recurring financial income75€502€114▼
Financial charges65/66B€12,007€16,379▲
Recurring financial charges65€12,007€16,379▲
Profit (loss) for the period before taxes9903-€792€231,086▲
Income taxes67/77-€51,386
Profit (loss) for the period9904-€792€179,700▲
Profit (loss) for the period to be appropriated9905-€792€179,700▲
Appropriation of the result
Profit (loss) to be appropriated9906-€30,972€148,728▲
Profit (loss) brought forward from the previous period14P-€30,180-€30,972▼
Transfer to equity691/2-€148,728
To other reserves6921-€148,728

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A------€237,214-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,935€19,935€20,209€20,347€20,347€17,952€14,458▼ 19.5%
Other operating charges640/8---€4,035€3,700€4,631€3,563▼ 23.1%
Gross operating margin9900€35,776€35,206€34,581€31,724€33,986€33,296€265,371▲ 697%
Operating profit (loss)9901€12,258€11,602€10,467€7,342€9,939€10,713€247,351▲ 23×
Financial income75/76B---€83€0€502€114▼ 77.3%
Recurring financial income75-€0-€83€0€502€114▼ 77.3%
Financial charges65/66B---€12,189€12,366€12,007€16,379▲ 36.4%
Recurring financial charges65€10,140€9,735€11,799€12,189€12,366€12,007€16,379▲ 36.4%
Profit (loss) for the period before taxes9903€2,118€1,867-€1,332-€4,765-€2,428-€792€231,086-
Income taxes67/77------€51,386-
Profit (loss) for the period9904€2,118€1,867-€1,332-€4,765-€2,428-€792€179,700-
Profit (loss) for the period to be appropriated9905€2,118€1,867-€1,332-€4,765-€2,428-€792€179,700-
Line2019202020212022202320242025Change
Assets
Total assets20/58€602,456€588,702€581,242€603,579€588,703€576,076€725,247▲ 25.9%
Fixed assets21/28€585,998€566,062€549,974€529,627€509,280€500,381€358,137▼ 28.4%
Tangible fixed assets22/27€585,998€566,062€549,974€529,627€509,280€500,381€358,137▼ 28.4%
Land and buildings22---€529,627€509,280€500,381€358,137▼ 28.4%
Current assets29/58€16,458€22,639€31,268€73,952€79,424€75,695€367,110▲ 385%
Amounts receivable within one year40/41---€25€0€151€0▼ 100%
Other amounts receivable41---€25€0€151€0▼ 100%
Current investments50/53---€37,581€37,581€37,581€337,581▲ 798%
Cash at bank and in hand54/58€16,458€22,639€31,268€35,029€41,843€37,964€29,529▼ 22.2%
Deferred charges and accrued income490/1---€1,317€0---
Equity and liabilities
Total equity and liabilities10/49€602,456€588,702€581,242€603,579€588,703€576,076€725,247▲ 25.9%
Equity10/15€273,949€275,816€274,485€269,720€267,292€266,500€446,200▲ 67.4%
Contributions10/11€297,472€297,472€297,472€297,472€297,472€297,472€297,472=
Capital10---€297,472€297,472€297,472€297,472=
Issued capital100---€297,472€297,472€297,472€297,472=
Reserves13------€148,728-
Distributable reserves133------€148,728-
Profit (loss) carried forward14-€23,523-€21,656-€22,988-€27,752-€30,180-€30,972€0-
Amounts payable17/49€328,507€312,885€306,758€333,859€321,411€309,576€279,047▼ 9.9%
Amounts payable after more than one year17€94,050€82,667€70,904€58,747€46,183€33,199€0▼ 100%
Financial debts170/4---€58,747€46,183€33,199€0▼ 100%
Amounts payable within one year42/48€223,520€225,042€228,016€267,178€267,416€267,879€267,569▼ 0.1%
Current portion of amounts payable after more than one year42---€12,157€12,564€12,984€0▼ 100%
Trade debts44€3,095€467€468€388€0€42€8▼ 81.1%
Suppliers440/4---€388€0€42€8▼ 81.1%
Taxes, remuneration and social security45---€2,802€3,022€3,022€15,731▲ 421%
Taxes450/3---€2,802€3,022€3,022€15,731▲ 421%
Other amounts payable47/48---€251,830€251,830€251,830€251,830=
Accrued charges and deferred income492/3---€7,934€7,811€8,498€11,478▲ 35.1%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€2,118€1,867-€1,332-€4,765-€2,428-€792€179,700-
+ Depreciation and write-downs630€19,935€19,935€20,209€20,347€20,347€17,952€14,458▼ 19.5%
Operating cash flow (approximation)€22,053€21,802€18,878€15,583€17,920€17,160€194,158▲ 11×
Investment in fixed assets (approximation)-€0-€4,121€0€0-€9,053€127,786-
Change in cash-€6,181€8,629€3,761€6,814-€3,879-€8,435▼ 117%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference
31-07-2025 micro format 23-01-2026 2026-00012506
31-07-2024 micro format 30-01-2025 2025-00021886
31-07-2023 micro format 30-01-2024 2024-00018708
31-07-2022 micro format 09-12-2022 2022-20535645
31-07-2021 micro format 17-12-2021 2021-80700351
31-07-2020 micro format 26-01-2021 2021-01900129
31-07-2019 micro format 30-12-2019 2019-77900471
31-07-2018 micro format 17-12-2018 2018-74600477
31-07-2017 micro format 09-01-2018 2018-00800210
31-07-2016 abbreviated format 27-01-2017 2017-02900027

Show all 32 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.