LAVETAN
ActiveSummary
LAVETAN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.39M and a net result of €215k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 51% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-3
Solvency68▲+5
Growth49▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.38 in 2024; short-term debt: 53.4% and cash: 12.6% of total assets), but 56.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
43.1%
Return on assets
3.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
15 d early
2023
27 d early
2022
17 d early
2021
25 d early
2020
31 d early
2019
14 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
€12.69M▲ 2.4%
2024 · €12.39M
2023: €12.05Mlowest in 3 years
2024: €12.39M▲ +2.8% vs 2023
2025: €12.69M▲ +2.4% vs 2024highest in 3 years
2023 → 2025
EBIT margin
2.5%▼ 1.3pp
2024 · 3.8%
2023: 4.1%highest in 3 years
2024: 3.8%▼ -7.3% vs 2023
2025: 2.5%▼ -33.9% vs 2024lowest in 3 years
2023 → 2025
Net result
€215k▼ 34.6%
2024 · €329k
2018: €281k
2019: €218k▼ -22.4% vs 2018
2020: €-44k▼ -120% vs 2019lowest in 8 years
2021: €151k▲ +444% vs 2020
2022: €497k▲ +228% vs 2021highest in 8 years
2023: €308k▼ -38.1% vs 2022
2024: €329k▲ +6.9% vs 2023
2025: €215k▼ -34.6% vs 2024
2018 → 2025
Working capital
€1.48M▲ 22.1%
2024 · €1.22M
2018: €-321klowest in 8 years
2019: €-166k▲ +48.3% vs 2018
2020: €-101k▲ +38.9% vs 2019
2021: €83k▲ +182% vs 2020
2022: €559k▲ +572% vs 2021
2023: €829k▲ +48.1% vs 2022
2024: €1.22M▲ +46.7% vs 2023
2025: €1.48M▲ +22.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.05M€12.39M▲ 2.8%€12.69M▲ 2.4%
2023: €12.05Mlowest in 3 years
2024: €12.39M▲ +2.8% vs 2023
2025: €12.69M▲ +2.4% vs 2024highest in 3 years
Equity€1.04M-€1.54M▲ 47.6%€1.85M▲ 20.0%€2.18M▲ 17.8%€2.39M▲ 9.9%
2021: €1.04Mlowest in 5 years
2022: €1.54M▲ +47.6% vs 2021
2023: €1.85M▲ +20.0% vs 2022
2024: €2.18M▲ +17.8% vs 2023
2025: €2.39M▲ +9.9% vs 2024highest in 5 years
Operating result€241k-€712k▲ 196%€493k▼ 30.7%€470k▼ 4.7%€318k▼ 32.3%
2021: €241klowest in 5 years
2022: €712k▲ +196% vs 2021highest in 5 years
2023: €493k▼ -30.7% vs 2022
2024: €470k▼ -4.7% vs 2023
2025: €318k▼ -32.3% vs 2024
Net result€151k-€497k▲ 228%€308k▼ 38.1%€329k▲ 6.9%€215k▼ 34.6%
2021: €151klowest in 5 years
2022: €497k▲ +228% vs 2021highest in 5 years
2023: €308k▼ -38.1% vs 2022
2024: €329k▲ +6.9% vs 2023
2025: €215k▼ -34.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.55M
Fixed assets
€1.10M ▼ 13.1%
Current assets
€4.45M ▲ 1.0%
Equity and liabilities €5.55M
Equity
€2.39M ▲ 9.9%
Debt
€3.15M ▼ 9.7%
Debt's share of the balance-sheet total falls from 61.6% to 56.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€743k▼
2024 · €924k
Cash flow
€640k▼
2024 · €783k
Current ratio
1.50▲
2024 · 1.38
Quick ratio
1.38▲
2024 · 1.27
Debt to equity
1.32▼
2024 · 1.60
ROE
9.0%▼
2024 · 15.1%
ROA
3.9%▼
2024 · 5.8%
Interest coverage
25.77▲
2024 · 21.05
Debt ≤ 1 year
€2.96M▼
2024 · €3.19M
Debt > 1 year
€192k▼
2024 · €304k
Income taxes
€110k▼
2024 · €139k
Staff costs
€4.92M▲
2024 · €4.89M
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 · 79 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.67M€5.55M▼
Fixed assets21/28€1.27M€1.10M▼
Intangible fixed assets21€137k€150k▲
Tangible fixed assets22/27€1.13M€951k▼
Plant, machinery and equipment23€103k€80k▼
Furniture and vehicles24€689k€626k▼
Leasing and similar rights25€125k€68k▼
Other tangible fixed assets26€212k€176k▼
Financial fixed assets28€137€137=
Other financial fixed assets284/8€137€137=
Amounts receivable and cash guarantees285/8€137€137=
Current assets29/58€4.40M€4.45M▲
Stocks and contracts in progress3€351k€362k▲
Stocks30/36€351k€362k▲
Raw materials and consumables30/31€351k€362k▲
Amounts receivable within one year40/41€2.93M€3.07M▲
Trade receivables40€2.31M€2.41M▲
Other amounts receivable41€622k€665k▲
Current investments50/53-€200k
Other investments51/53-€200k
Cash at bank and in hand54/58€991k€699k▼
Deferred charges and accrued income490/1€128k€115k▼
Equity and liabilities
Total equity and liabilities10/49€5.67M€5.55M▼
Equity10/15€2.18M€2.39M▲
Contributions10/11€650k€650k=
Capital10€650k€650k=
Issued capital100€650k€650k=
Reserves13€65k€65k=
Non-distributable reserves130/1€65k€65k=
Legal reserve130€65k€65k=
Profit (loss) carried forward14€1.46M€1.68M▲
Amounts payable17/49€3.49M€3.15M▼
Amounts payable after more than one year17€304k€192k▼
Financial debts170/4€304k€192k▼
Leasing and similar obligations172€71k€22k▼
Credit institutions173€233k€170k▼
Amounts payable within one year42/48€3.19M€2.96M▼
Current portion of amounts payable after more than one year42€178k€171k▼
Financial debts43€400k€300k▼
Credit institutions430/8€400k€300k▼
Trade debts44€1.61M€1.53M▼
Suppliers440/4€1.61M€1.53M▼
Advances received on contracts in progress46-€11k
Taxes, remuneration and social security45€1.00M€951k▼
Taxes450/3€217k€201k▼
Remuneration and social security454/9€787k€750k▼
Income statement
Code20242025
Operating income70/76A€12.69M€12.98M▲
Turnover70€12.39M€12.69M▲
Own construction capitalised72€62k€60k▼
Other operating income74€240k€229k▼
Non-recurring operating income76A-€8k
Operating charges60/66A€12.22M€12.67M▲
Goods for resale, raw materials and consumables60€3.87M€4.06M▲
Purchases600/8€3.86M€4.07M▲
Change in stocks: decrease (increase)609€14k€-10k▼
Services and other goods61€2.98M€3.24M▲
Remuneration, social security and pensions62€4.89M€4.92M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€454k€425k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€-13k▼
Other operating charges640/8€15k€36k▲
Non-recurring operating charges66A€9k€1k▼
Operating profit (loss)9901€470k€318k▼
Financial income75/76B€46k€38k▼
Recurring financial income75€46k€38k▼
Income from current assets751€21k€32k▲
Other financial income752/9€24k€6k▼
Financial charges65/66B€48k€31k▼
Recurring financial charges65€48k€31k▼
Debt charges650€44k€29k▼
Other financial charges652/9€4k€2k▼
Profit (loss) for the period before taxes9903€468k€325k▼
Income taxes67/77€139k€110k▼
Taxes670/3€139k€111k▼
Tax adjustments and reversals of tax provisions77-€999
Profit (loss) for the period9904€329k€215k▼
Profit (loss) for the period to be appropriated9905€329k€215k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.46M€1.68M▲
Profit (loss) brought forward from the previous period14P€1.13M€1.46M▲
Social balance
Average headcount (FTE)908776.372.8▼
The notes to these accounts (77 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 | - | - | €12.35M | €12.69M | €12.98M | ▲ 2.3% |
| Turnover70 | - | - | €12.05M | €12.39M | €12.69M | ▲ 2.4% |
| Own construction capitalised72 | - | - | €35k | €62k | €60k | ▼ 3.5% |
| Other operating income74 | - | - | €265k | €240k | €229k | ▼ 4.6% |
| Non-recurring operating income76A | - | €6k | - | - | €8k | - |
| Operating charges60/66A | - | - | €11.86M | €12.22M | €12.67M | ▲ 3.7% |
| Goods for resale, raw materials and consumables60 | - | - | €3.67M | €3.87M | €4.06M | ▲ 4.8% |
| Purchases600/8 | - | - | €3.51M | €3.86M | €4.07M | ▲ 5.5% |
| Change in stocks: decrease (increase)609 | - | - | €151k | €14k | €-10k | ▼ 175% |
| Services and other goods61 | - | - | €2.82M | €2.98M | €3.24M | ▲ 8.7% |
| Remuneration, social security and pensions62 | €3.47M | €3.98M | €4.83M | €4.89M | €4.92M | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €544k | €567k | €527k | €454k | €425k | ▼ 6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-4k | €1k | €3k | €4k | €-13k | ▼ 403% |
| Other operating charges640/8 | €9k | €14k | €8k | €15k | €36k | ▲ 140% |
| Non-recurring operating charges66A | €611 | €28k | €8k | €9k | €1k | ▼ 85.1% |
| Gross operating margin9900 | €4.26M | €5.30M | - | - | - | - |
| Operating profit (loss)9901 | €241k | €712k | €493k | €470k | €318k | ▼ 32.3% |
| Financial income75/76B | €15k | €18k | €11k | €46k | €38k | ▼ 16.9% |
| Recurring financial income75 | €15k | €18k | €11k | €46k | €38k | ▼ 16.9% |
| Income from current assets751 | - | - | €2k | €21k | €32k | ▲ 50.5% |
| Other financial income752/9 | - | - | €9k | €24k | €6k | ▼ 75.0% |
| Financial charges65/66B | €23k | €28k | €50k | €48k | €31k | ▼ 35.9% |
| Recurring financial charges65 | €23k | €28k | €50k | €48k | €31k | ▼ 35.9% |
| Debt charges650 | - | - | €47k | €44k | €29k | ▼ 34.3% |
| Other financial charges652/9 | - | - | €3k | €4k | €2k | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | €233k | €702k | €455k | €468k | €325k | ▼ 30.5% |
| Income taxes67/77 | €81k | €205k | €147k | €139k | €110k | ▼ 20.8% |
| Taxes670/3 | - | - | €150k | €139k | €111k | ▼ 20.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | €3k | - | €999 | - |
| Profit (loss) for the period9904 | €151k | €497k | €308k | €329k | €215k | ▼ 34.6% |
| Profit (loss) for the period to be appropriated9905 | €151k | €497k | €308k | €329k | €215k | ▼ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.69M | €5.36M | €5.50M | €5.67M | €5.55M | ▼ 2.2% |
| Fixed assets21/28 | €1.61M | €1.60M | €1.46M | €1.27M | €1.10M | ▼ 13.1% |
| Intangible fixed assets21 | €123k | €127k | €115k | €137k | €150k | ▲ 9.2% |
| Tangible fixed assets22/27 | €1.48M | €1.48M | €1.34M | €1.13M | €951k | ▼ 15.8% |
| Plant, machinery and equipment23 | €376k | €266k | €144k | €103k | €80k | ▼ 21.9% |
| Furniture and vehicles24 | €555k | €629k | €757k | €689k | €626k | ▼ 9.1% |
| Leasing and similar rights25 | €275k | €295k | €193k | €125k | €68k | ▼ 45.4% |
| Other tangible fixed assets26 | €278k | €286k | €249k | €212k | €176k | ▼ 16.9% |
| Financial fixed assets28 | €137 | €137 | €137 | €137 | €137 | = |
| Other financial fixed assets284/8 | - | - | €137 | €137 | €137 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €137 | €137 | €137 | = |
| Current assets29/58 | €3.08M | €3.76M | €4.04M | €4.40M | €4.45M | ▲ 1.0% |
| Stocks and contracts in progress3 | €398k | €516k | €365k | €351k | €362k | ▲ 2.9% |
| Stocks30/36 | €398k | €516k | €365k | €351k | €362k | ▲ 2.9% |
| Raw materials and consumables30/31 | - | - | €365k | €351k | €362k | ▲ 2.9% |
| Amounts receivable within one year40/41 | €2.05M | €2.30M | €2.86M | €2.93M | €3.07M | ▲ 4.6% |
| Trade receivables40 | €1.88M | €2.29M | €2.46M | €2.31M | €2.41M | ▲ 4.0% |
| Other amounts receivable41 | €170k | €10k | €401k | €622k | €665k | ▲ 6.9% |
| Current investments50/53 | - | - | - | - | €200k | - |
| Other investments51/53 | - | - | - | - | €200k | - |
| Cash at bank and in hand54/58 | €586k | €878k | €712k | €991k | €699k | ▼ 29.5% |
| Deferred charges and accrued income490/1 | €46k | €65k | €103k | €128k | €115k | ▼ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.69M | €5.36M | €5.50M | €5.67M | €5.55M | ▼ 2.2% |
| Equity10/15 | €1.04M | €1.54M | €1.85M | €2.18M | €2.39M | ▲ 9.9% |
| Contributions10/11 | €650k | €650k | €650k | €650k | €650k | = |
| Capital10 | €650k | €650k | €650k | €650k | €650k | = |
| Issued capital100 | €650k | €650k | €650k | €650k | €650k | = |
| Reserves13 | €65k | €65k | €65k | €65k | €65k | = |
| Non-distributable reserves130/1 | €65k | €65k | €65k | €65k | €65k | = |
| Legal reserve130 | €65k | €65k | €65k | €65k | €65k | = |
| Profit (loss) carried forward14 | €328k | €825k | €1.13M | €1.46M | €1.68M | ▲ 14.7% |
| Amounts payable17/49 | €3.65M | €3.82M | €3.65M | €3.49M | €3.15M | ▼ 9.7% |
| Amounts payable after more than one year17 | €648k | €623k | €437k | €304k | €192k | ▼ 37.0% |
| Financial debts170/4 | €648k | €623k | €437k | €304k | €192k | ▼ 37.0% |
| Leasing and similar obligations172 | - | - | €127k | €71k | €22k | ▼ 69.5% |
| Credit institutions173 | - | - | €310k | €233k | €170k | ▼ 27.0% |
| Amounts payable within one year42/48 | €3.00M | €3.20M | €3.21M | €3.19M | €2.96M | ▼ 7.1% |
| Current portion of amounts payable after more than one year42 | €248k | €225k | €185k | €178k | €171k | ▼ 3.6% |
| Financial debts43 | €500k | €500k | €400k | €400k | €300k | ▼ 25.0% |
| Credit institutions430/8 | €500k | €500k | €400k | €400k | €300k | ▼ 25.0% |
| Trade debts44 | €1.55M | €1.46M | €1.63M | €1.61M | €1.53M | ▼ 4.8% |
| Suppliers440/4 | €1.55M | €1.46M | €1.63M | €1.61M | €1.53M | ▼ 4.8% |
| Advances received on contracts in progress46 | - | - | - | - | €11k | - |
| Taxes, remuneration and social security45 | €703k | €1.01M | €1.00M | €1.00M | €951k | ▼ 5.3% |
| Taxes450/3 | €130k | €334k | €255k | €217k | €201k | ▼ 7.6% |
| Remuneration and social security454/9 | €573k | €676k | €749k | €787k | €750k | ▼ 4.7% |
| Other amounts payable47/48 | - | €855 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151k | €497k | €308k | €329k | €215k | ▼ 34.6% |
| + Depreciation and write-downs630 | €544k | €567k | €527k | €454k | €425k | ▼ 6.4% |
| Operating cash flow (approximation) | €695k | €1.06M | €834k | €783k | €640k | ▼ 18.3% |
| Investment in fixed assets (approximation) | - | €-562k | €-380k | €-263k | €-259k | ▲ 1.3% |
| Change in cash | - | €292k | €-166k | €279k | €-292k | ▼ 205% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €2.18M ▲17.8%
4 profitable years in a row build equity to €2.18M.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €497k ▲228%
Operating result €712k, net result €497k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €151k
Net result €151k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.04M ▲17%
Equity rises from €892k to €1.04M.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
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 9 acts read
About the unread acts
We know of 9 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
9 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, Turnhout · 1 establishment unit since 2008
Ground area
9,234 m²
Building footprint
2,160 m²
Volume, LiDAR
16,487 m³
Parcel 13452M0730/00H000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LAVETAN
since 20082.172.510.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0730/00H000 | Flanders | 9,233 m² | 1 · 2,160 m² | 10.9 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 · 6 entries · 19,256 EUR awarded · 19,256 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,619 EUR | 1,619 EUR |
| 2024 | 1 | 1,052 EUR | 1,052 EUR |
| 2023 | 2 | 7,248 EUR | 7,248 EUR |
| 2022 | 2 | 9,337 EUR | 9,337 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
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NV R.E.D. LABORATORIES
BE 0462.648.824
Asse · Eq €2.37M
QUERCUS LABO
BE 0457.113.884
Gent · Eq €2.46M
TERRA ENGINEERING & CONSULTANCY
BE 0878.860.382
Zelzate · Eq €2.32M
Laboratoria De Nayer
BE 0415.895.616
Sint-Katelijne-Waver · Eq €2.27M
ELEMENT MATERIALS TECHNOLOGY ANTWERPEN
BE 0839.024.165
Antwerpen · Eq €2.24M
Of 2,143 companies in sector 71209 we hold annual accounts for 1,085. 379 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
Founded20-03-1997
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.