Layerz
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 PDF all 13 filings
Turnover
≈ €600,000
Estimated: probably between €430,000 and €900,000
Total assets
€711,166▲ 12.4%
2024 · €632,549
Net result
€62,905▼ 21.7%
2024 · €80,298
Working capital
€377,428▲ 21.2%
2024 · €311,366
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€87,785
▼ 22.6%
2025
20192025
Net result
€62,905
▼ 21.7%
2025
highest quarter of the sector
20192025
Equity
€543,230
▲ 13.1%
2025
highest quarter of the sector
20192025
Total assets
€711,166
▲ 12.4%
2025
highest quarter of the sector
20192025
Debt
€167,936
▲ 10.3%
2025
20192025
Working capital
€377,428
▲ 21.2%
2025
highest quarter of the sector
20192025
Solvency
76.4%
▲ 0.5pp
2025
highest quarter of the sector
20192025
Current ratio
4.04
▲ 0.02
2025
highest quarter of the sector
20192025
Return on assets (ROA)
8.8%
▼ 3.8pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€60,228-€34,947▼ 42.0%€109,548▲ 213%€98,652▼ 9.9%€249,313▲ 153%€113,466▼ 54.5%€87,785▼ 22.6%
Net result€47,087-€29,964above the sector's middle half▼ 36.4%€75,526above the sector's middle half▲ 152%€66,570above the sector's middle half▼ 11.9%€180,581above the sector's middle half▲ 171%€80,298above the sector's middle half▼ 55.5%€62,905above the sector's middle half▼ 21.7%
Equity€180,971-€210,935above the sector's middle half▲ 16.6%€255,396above the sector's middle half▲ 21.1%€321,966above the sector's middle half▲ 26.1%€502,547above the sector's middle half▲ 56.1%€480,326above the sector's middle half▼ 4.4%€543,230above the sector's middle half▲ 13.1%
Total assets€282,085-€357,242above the sector's middle half▲ 26.6%€373,603above the sector's middle half▲ 4.6%€417,159above the sector's middle half▲ 11.7%€609,879above the sector's middle half▲ 46.2%€632,549above the sector's middle half▲ 3.7%€711,166above the sector's middle half▲ 12.4%
Debt€101,114-€146,308▲ 44.7%€118,206▼ 19.2%€95,193▼ 19.5%€107,332▲ 12.8%€152,223▲ 41.8%€167,936▲ 10.3%
Working capital€82,687-€62,074within the sector's middle half▼ 24.9%€78,316within the sector's middle half▲ 26.2%€124,542above the sector's middle half▲ 59.0%€322,241above the sector's middle half▲ 159%€311,366above the sector's middle half▼ 3.4%€377,428above the sector's middle half▲ 21.2%
Solvency64.2%-59.0%within the sector's middle half▼ 5.1pp68.4%above the sector's middle half▲ 9.3pp77.2%above the sector's middle half▲ 8.8pp82.4%above the sector's middle half▲ 5.2pp75.9%above the sector's middle half▼ 6.5pp76.4%above the sector's middle half▲ 0.5pp
Current ratio1.97-1.83within the sector's middle half▼ 0.142.20within the sector's middle half▲ 0.373.05within the sector's middle half▲ 0.857.06above the sector's middle half▲ 4.014.02above the sector's middle half▼ 3.054.04above the sector's middle half▲ 0.02
Return on assets (ROA)16.7%-8.4%within the sector's middle half▼ 8.3pp20.2%above the sector's middle half▲ 11.8pp16.0%within the sector's middle half▼ 4.3pp29.6%above the sector's middle half▲ 13.7pp12.7%within the sector's middle half▼ 16.9pp8.8%within the sector's middle half▼ 3.8pp
Staff (FTE)0.31▲ 233%1=1=1=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 23% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are 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 €711,166
Fixed assets
€209,385 ▼ 3.9%
Current assets
€501,781 ▲ 21.0%
Equity and liabilities €711,166
Equity
€543,230 ▲ 13.1%
Debt
€167,936 ▲ 10.3%
Debt's share of the balance-sheet total falls from 24.1% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112,056▼
2024 · €149,507
Cash flow
€87,175▼
2024 · €116,339
Quick ratio
1.31▼
2024 · 2.24
Debt to equity
0.31▼
2024 · 0.32
ROE
11.6%▼
2024 · 16.7%
Interest coverage
39.64▼
2024 · 52.04
Debt ≤ 1 year
€124,353▲
2024 · €103,224
Debt > 1 year
€43,583▼
2024 · €48,999
Income taxes
€24,194▼
2024 · €31,590
Staff costs
€48,259▼
2024 · €48,713
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | - | - | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.3 | 1 | 1 | 1 | 1 |
| On a permanent contract | - | 1 | 1 | 1 | 1 |
| Joined | 1 | - | - | - | - |
| Left | 0 | - | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Mortgage mandates | €80,000 | €80,000 | €60,000 | €60,000 | €60,000 |
| Carrying value of the mortgaged assets | €188,501 | €177,605 | €130,570 | €152,292 | €137,362 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €38,806 | €35,136 | €204,948 | €19,496 | €66,763 |
| Financial fixed assets | - | €500 | - | - | - |
| Depreciation and write-downs of the year | €29,155 | €33,963 | €24,300 | €36,041 | €24,271 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €98,738 | €0 | €1,576 | - |
| Remuneration, social security and pensions62 | - | - | €5,375 | €41,086 | €43,015 | €48,713 | €48,259 | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,075 | €25,732 | €29,155 | €33,963 | €24,300 | €36,041 | €24,271 | ▼ 32.7% |
| Other operating charges640/8 | - | - | €3,772 | €2,226 | €3,481 | €1,139 | €7,006 | ▲ 515% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €14,278 | - |
| Gross operating margin9900 | €83,547 | €84,111 | €147,850 | €175,926 | €320,109 | €199,358 | €181,598 | ▼ 8.9% |
| Operating profit (loss)9901 | €60,228 | €34,947 | €109,548 | €98,652 | €249,313 | €113,466 | €87,785 | ▼ 22.6% |
| Financial income75/76B | - | - | €1,385 | €1,243 | €1,953 | €1,295 | €2,140 | ▲ 65.3% |
| Recurring financial income75 | €951 | €1,175 | €1,385 | €1,243 | €1,953 | €1,295 | €2,140 | ▲ 65.3% |
| Financial charges65/66B | - | - | €1,489 | €1,158 | €2,285 | €2,873 | €2,827 | ▼ 1.6% |
| Recurring financial charges65 | €781 | €1,563 | €1,489 | €1,158 | €2,285 | €2,873 | €2,827 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €60,398 | €34,558 | €109,444 | €98,737 | €248,981 | €111,888 | €87,098 | ▼ 22.2% |
| Income taxes67/77 | €13,311 | €4,594 | €33,917 | €32,167 | €68,401 | €31,590 | €24,194 | ▼ 23.4% |
| Profit (loss) for the period9904 | €47,087 | €29,964 | €75,526 | €66,570 | €180,581 | €80,298 | €62,905 | ▼ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €47,087 | €29,964 | €75,526 | €66,570 | €180,581 | €80,298 | €62,905 | ▼ 21.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €282,085 | €357,242 | €373,603 | €417,159 | €609,879 | €632,549 | €711,166 | ▲ 12.4% |
| Fixed assets21/28 | €114,447 | €220,637 | €230,287 | €231,960 | €234,504 | €217,959 | €209,385 | ▼ 3.9% |
| Intangible fixed assets21 | €6,000 | €4,000 | €2,000 | - | - | - | - | - |
| Tangible fixed assets22/27 | €108,447 | €216,637 | €228,287 | €231,460 | €234,504 | €217,959 | €209,385 | ▼ 3.9% |
| Land and buildings22 | - | - | €188,501 | €187,154 | €130,570 | €139,574 | €137,362 | ▼ 1.6% |
| Plant, machinery and equipment23 | - | - | €4,089 | €16,319 | €14,239 | €9,945 | €10,577 | ▲ 6.3% |
| Furniture and vehicles24 | - | - | €35,697 | €27,987 | €89,695 | €68,440 | €61,446 | ▼ 10.2% |
| Financial fixed assets28 | - | - | - | €500 | - | - | - | - |
| Current assets29/58 | €167,638 | €136,606 | €143,315 | €185,199 | €375,375 | €414,590 | €501,781 | ▲ 21.0% |
| Stocks and contracts in progress3 | €1,386 | €1,643 | €1,725 | €2,084 | €3,844 | €182,885 | €338,600 | ▲ 85.1% |
| Stocks30/36 | - | - | €1,725 | €2,084 | €3,844 | €182,885 | €338,600 | ▲ 85.1% |
| Amounts receivable within one year40/41 | €84,030 | €63,019 | €14,451 | €77,067 | €73,750 | €52,307 | €64,566 | ▲ 23.4% |
| Trade receivables40 | - | - | €14,199 | €63,742 | €31,363 | €47,362 | €58,660 | ▲ 23.9% |
| Other amounts receivable41 | - | - | €252 | €13,324 | €42,387 | €4,946 | €5,906 | ▲ 19.4% |
| Cash at bank and in hand54/58 | €76,755 | €67,128 | €120,719 | €102,684 | €292,964 | €173,632 | €90,887 | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | €6,421 | €3,364 | €4,818 | €5,765 | €7,728 | ▲ 34.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €282,085 | €357,242 | €373,603 | €417,159 | €609,879 | €632,549 | €711,166 | ▲ 12.4% |
| Equity10/15 | €180,971 | €210,935 | €255,396 | €321,966 | €502,547 | €480,326 | €543,230 | ▲ 13.1% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €168,571 | €198,535 | €242,996 | €309,566 | €490,147 | €467,926 | €530,830 | ▲ 13.4% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €241,136 | €307,706 | €490,147 | €467,926 | €530,830 | ▲ 13.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €101,114 | €146,308 | €118,206 | €95,193 | €107,332 | €152,223 | €167,936 | ▲ 10.3% |
| Amounts payable after more than one year17 | €16,163 | €71,604 | €53,207 | €34,537 | €54,198 | €48,999 | €43,583 | ▼ 11.1% |
| Financial debts170/4 | - | - | €53,207 | €34,537 | €54,198 | €48,999 | €43,583 | ▼ 11.1% |
| Amounts payable within one year42/48 | €84,951 | €74,532 | €64,999 | €60,657 | €53,134 | €103,224 | €124,353 | ▲ 20.5% |
| Current portion of amounts payable after more than one year42 | - | - | €18,397 | €18,671 | €5,440 | €5,199 | €5,416 | ▲ 4.2% |
| Trade debts44 | €39,622 | €39,789 | €11,391 | €25,477 | €9,975 | €14,319 | €45,998 | ▲ 221% |
| Suppliers440/4 | - | - | €11,391 | €25,477 | €9,975 | €14,319 | €45,998 | ▲ 221% |
| Taxes, remuneration and social security45 | - | - | €18,935 | €15,222 | €37,683 | €14,577 | €19,231 | ▲ 31.9% |
| Taxes450/3 | - | - | €16,892 | €11,658 | €33,987 | €11,427 | €14,727 | ▲ 28.9% |
| Remuneration and social security454/9 | - | - | €2,043 | €3,564 | €3,696 | €3,151 | €4,504 | ▲ 43.0% |
| Other amounts payable47/48 | - | - | €16,276 | €1,288 | €36 | €69,129 | €53,708 | ▼ 22.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,087 | €29,964 | €75,526 | €66,570 | €180,581 | €80,298 | €62,905 | ▼ 21.7% |
| + Depreciation and write-downs630 | €20,075 | €25,732 | €29,155 | €33,963 | €24,300 | €36,041 | €24,271 | ▼ 32.7% |
| Operating cash flow (approximation) | €67,162 | €55,696 | €104,682 | €100,533 | €204,880 | €116,339 | €87,175 | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | -€131,922 | -€38,806 | -€35,636 | -€26,843 | -€19,496 | -€15,697 | ▲ 19.5% |
| Change in cash | - | -€9,627 | €53,591 | -€18,035 | €190,280 | -€119,331 | -€82,745 | ▲ 30.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Layerz has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Layerz itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for Layerz. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088722 | |
| 30-09-2024 | micro format | 27-04-2025 | 2025-00076807 | |
| 30-09-2023 | micro format | 05-04-2024 | 2024-00059487 | |
| 30-09-2022 | micro format | 21-04-2023 | 2023-00063970 | |
| 30-09-2021 | micro format | 25-04-2022 | 2022-20009174 | |
| 30-09-2020 | micro format | 26-04-2021 | 2021-11500562 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10600367 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11700168 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-09000143 | |
| 30-09-2016 | abbreviated format | 02-05-2017 | 2017-11100494 |