Lazarus
ActiveSummary
Lazarus has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €315,165. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-11
Solvency83▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 94.17 against 6.66 in 2024; short-term debt: 0.6% and cash: 37.4% of total assets), and 42% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58%
Return on assets
16.3%
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 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
30 d late
2022
73 d late
2021
81 d late
2020
122 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€1.1m▲ 13.5%
2024 · €986,280
Total assets
€1.9m▲ 68.8%
2024 · €1.1m
Net result
€315,165▼ 26.6%
2024 · €429,533
Working capital
€1.1m▲ 27.8%
2024 · €883,970
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€289,334▲ 31.2%€293,970▲ 1.6%€122,091▼ 58.5%€588,294▲ 382%€432,712▼ 26.4%
Net result€200,716▲ 29.0%€225,049▲ 12.1%€94,114▼ 58.2%€429,533▲ 356%€315,165▼ 26.6%
Equity€556,747▲ 56.4%€556,747=€556,747=€986,280▲ 77.2%€1.1m▲ 13.5%
Total assets€740,550▲ 44.1%€840,254▲ 13.5%€722,749▼ 14.0%€1.1m▲ 58.1%€1.9m▲ 68.8%
Debt€183,803▲ 16.5%€283,507▲ 54.2%€166,002▼ 41.4%€156,438▼ 5.8%€809,249▲ 417%
Working capital€355,424▲ 16.3%€387,908▲ 9.1%€419,543▲ 8.2%€883,970▲ 111%€1.1m▲ 27.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +69% on 2024. Cause not known from the registers.
- 2024 Net result +356%, Equity +77%, Total assets +58% on 2023. Cause not known from the registers.
- 2023 Net result -58% on 2022. Cause not known from the registers.
- 2021 Equity +56% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€787,232 ▲ 667%
Current assets
€1.1m ▲ 9.7%
Equity and liabilities €1.9m
Equity
€1.1m ▲ 13.5%
Debt
€809,249 ▲ 417%
Debt's share of the balance-sheet total rises from 13.7% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€571,938▼
2024 · €625,140
Cash flow
€454,391▼
2024 · €466,379
Current ratio
94.17▲
2024 · 6.66
Debt to equity
0.72▲
2024 · 0.16
ROE
28.2%▼
2024 · 43.6%
ROA
16.3%▼
2024 · 37.6%
Interest coverage
23.90▼
2024 · 1763.44
Debt ≤ 1 year
€12,122▼
2024 · €156,147
Debt > 1 year
€794,086
Income taxes
€99,568▼
2024 · €138,577
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,776 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €56 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,556 | €35,605 | €36,664 | €36,846 | €139,226 | ▲ 278% |
| Other operating charges640/8 | €113 | €512 | €800 | €11,425 | €555 | ▼ 95.1% |
| Gross operating margin9900 | €327,003 | €330,086 | €159,556 | €636,565 | €572,493 | ▼ 10.1% |
| Operating profit (loss)9901 | €289,334 | €293,970 | €122,091 | €588,294 | €432,712 | ▼ 26.4% |
| Financial income75/76B | €0 | €8 | €1 | €5,101 | €5,956 | ▲ 16.8% |
| Recurring financial income75 | €0 | €8 | €1 | €5,101 | €5,956 | ▲ 16.8% |
| Financial charges65/66B | €101 | €80 | €97 | €25,285 | €23,935 | ▼ 5.3% |
| Recurring financial charges65 | €101 | €80 | €97 | €355 | €23,935 | ▲ 6,652% |
| Non-recurring financial charges66B | - | - | - | €24,931 | - | - |
| Profit (loss) for the period before taxes9903 | €289,233 | €293,898 | €121,995 | €568,110 | €414,733 | ▼ 27.0% |
| Income taxes67/77 | €88,517 | €68,849 | €27,881 | €138,577 | €99,568 | ▼ 28.1% |
| Profit (loss) for the period9904 | €200,716 | €225,049 | €94,114 | €429,533 | €315,165 | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €200,716 | €225,049 | €94,114 | €429,533 | €315,165 | ▼ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €740,550 | €840,254 | €722,749 | €1.1m | €1.9m | ▲ 68.8% |
| Fixed assets21/28 | €201,323 | €168,840 | €137,205 | €102,601 | €787,232 | ▲ 667% |
| Tangible fixed assets22/27 | €201,323 | €168,840 | €137,205 | €102,601 | €787,232 | ▲ 667% |
| Land and buildings22 | €51,981 | €49,641 | €47,301 | €44,961 | €761,111 | ▲ 1,593% |
| Plant, machinery and equipment23 | €15,535 | €13,593 | €11,651 | €9,709 | €8,600 | ▼ 11.4% |
| Furniture and vehicles24 | €133,808 | €105,606 | €78,253 | €47,932 | €17,521 | ▼ 63.4% |
| Current assets29/58 | €539,227 | €671,414 | €585,544 | €1.0m | €1.1m | ▲ 9.7% |
| Amounts receivable within one year40/41 | €97,668 | €203,797 | €36,151 | €152,994 | €417,363 | ▲ 173% |
| Trade receivables40 | €97,668 | €167,646 | - | €152,994 | €400,149 | ▲ 162% |
| Other amounts receivable41 | - | €36,151 | €36,151 | - | €17,214 | - |
| Cash at bank and in hand54/58 | €441,399 | €467,570 | €493,733 | €883,972 | €721,255 | ▼ 18.4% |
| Deferred charges and accrued income490/1 | €159 | €47 | €55,660 | €3,150 | €2,902 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €740,550 | €840,254 | €722,749 | €1.1m | €1.9m | ▲ 68.8% |
| Equity10/15 | €556,747 | €556,747 | €556,747 | €986,280 | €1.1m | ▲ 13.5% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €538,197 | €538,197 | €538,197 | €538,197 | €356,254 | ▼ 33.8% |
| Distributable reserves133 | €538,197 | €538,197 | €538,197 | €538,197 | €356,254 | ▼ 33.8% |
| Profit (loss) carried forward14 | - | - | - | €429,533 | €744,698 | ▲ 73.4% |
| Amounts payable17/49 | €183,803 | €283,507 | €166,002 | €156,438 | €809,249 | ▲ 417% |
| Amounts payable after more than one year17 | - | - | - | - | €794,086 | - |
| Financial debts170/4 | - | - | - | - | €794,086 | - |
| Amounts payable within one year42/48 | €183,803 | €283,507 | €166,002 | €156,147 | €12,122 | ▼ 92.2% |
| Trade debts44 | €2,952 | €4,510 | €3,098 | €6,147 | €3,144 | ▼ 48.9% |
| Suppliers440/4 | €2,952 | €4,510 | €3,098 | €6,147 | €3,144 | ▼ 48.9% |
| Taxes, remuneration and social security45 | €173,924 | €44,750 | €60,578 | €61,477 | €152 | ▼ 99.8% |
| Taxes450/3 | €173,924 | €44,750 | €60,578 | €61,477 | €152 | ▼ 99.8% |
| Other amounts payable47/48 | €6,927 | €234,247 | €102,326 | €88,523 | €8,826 | ▼ 90.0% |
| Accrued charges and deferred income492/3 | - | - | - | €291 | €3,041 | ▲ 945% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200,716 | €225,049 | €94,114 | €429,533 | €315,165 | ▼ 26.6% |
| + Depreciation and write-downs630 | €37,556 | €35,605 | €36,664 | €36,846 | €139,226 | ▲ 278% |
| Operating cash flow (approximation) | €238,272 | €260,654 | €130,778 | €466,379 | €454,391 | ▼ 2.6% |
| Investment in fixed assets (approximation) | - | -€3,121 | -€5,029 | -€2,243 | -€823,856 | ▼ 36,631% |
| Change in cash | - | €26,171 | €26,162 | €390,239 | -€162,717 | ▼ 142% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity times 14current ratio 94.17
Current ratio from 6.66 to 94.17; short-term debt falls from €156,147 to €12,122.
31-12
Financial
Equity above €1mEq €1.1m ▲13.5%
7 profitable years in a row build equity to €1.1m.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2019net €429,533 ▲356%
Operating result €588,294, net result €429,533, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €94,114 ▼58.2%
Net result drops to €94,114, the lowest in the series; recovery starts the following year.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
31-12
Financial
Equity above €500,000Eq €556,747 ▲56.4%
3 profitable years in a row build equity to €556,747.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
09-08
State Gazette act
General meeting · Capital increase
Statutes amendment · Director resignation
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel
Ground area
237 m²
Building footprint
129 m²
Volume, LiDAR
1,899 m³
Parcel 21807G0079/00G000, Brussels · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0079/00G000 | Brussels | 237 m² | 1 · 129 m² | 20.9 m · 6 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500ZLZ66D4AY1DH65
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 1,452 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712988503
Also
9925:BE0712988503
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.