LAZZARO
ActiveSummary
LAZZARO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-54
Solvency29▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.02 against 1.04 in 2023; short-term debt: 96.4% and cash: 2.3% of total assets), and 96.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
3.6%
Return on assets
-3.6%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-10k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
15 d early
2022
3 d early
2021
2 d early
2020
86 d late
2019
132 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€10k▼ 49.9%
2023 · €21k
2018: €-12k
2019: €-22k▼ -77.9% vs 2018lowest in 7 years
2020: €-16k▲ +24.7% vs 2019
2021: €-19k▼ -18.0% vs 2020
2022: €21k▲ +211% vs 2021highest in 7 years
2023: €21k▼ -3.4% vs 2022
2024: €10k▼ -49.9% vs 2023
2018 → 2024
Total assets
€290k▲ 1.8%
2023 · €285k
2018: €337k
2019: €562k▲ +66.6% vs 2018highest in 7 years
2020: €335k▼ -40.4% vs 2019
2021: €458k▲ +36.8% vs 2020
2022: €370k▼ -19.1% vs 2021
2023: €285k▼ -23.1% vs 2022lowest in 7 years
2024: €290k▲ +1.8% vs 2023
2018 → 2024
Net result
€-10k▼ 1,307%
2023 · €-734
2018: €-22klowest in 7 years
2019: €-10k▲ +57.2% vs 2018
2020: €5k▲ +156% vs 2019
2021: €-3k▼ -155% vs 2020
2022: €41k▲ +1481% vs 2021highest in 7 years
2023: €-734▼ -102% vs 2022
2024: €-10k▼ -1307% vs 2023
2018 → 2024
Working capital
€5k▼ 50.5%
2023 · €11k
2018: €-53klowest in 7 years
2019: €-45k▲ +14.0% vs 2018
2020: €-48k▼ -5.3% vs 2019
2021: €-42k▲ +11.0% vs 2020
2022: €5k▲ +113% vs 2021
2023: €11k▲ +104% vs 2022highest in 7 years
2024: €5k▼ -50.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€-19k▼ 18.0%€21k€21k▼ 3.4%€10k▼ 49.9%
2020: €-16k
2021: €-19k▼ -18.0% vs 2020lowest in 5 years
2022: €21k▲ +211% vs 2021highest in 5 years
2023: €21k▼ -3.4% vs 2022
2024: €10k▼ -49.9% vs 2023
Operating result€6k-€-1k€49k€-3€-8k▼ 298,462%
2020: €6k
2021: €-1k▼ -119% vs 2020
2022: €49k▲ +4287% vs 2021highest in 5 years
2023: €-3▼ -100% vs 2022
2024: €-8k▼ -298462% vs 2023lowest in 5 years
Net result€5k-€-3k€41k€-734€-10k▼ 1,307%
2020: €5k
2021: €-3k▼ -155% vs 2020
2022: €41k▲ +1481% vs 2021highest in 5 years
2023: €-734▼ -102% vs 2022
2024: €-10k▼ -1307% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €3 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €290k
Fixed assets
€5k ▼ 49.2%
Current assets
€285k ▲ 3.6%
Equity and liabilities €290k
Equity
€10k ▼ 49.9%
Debt
€280k ▲ 5.9%
Debt's share of the balance-sheet total rises from 92.7% to 96.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2023 · €9k
Cash flow
€-4k▼
2023 · €8k
Current ratio
1.02▼
2023 · 1.04
Quick ratio
0.91▼
2023 · 0.93
Debt to equity
26.99▲
2023 · 12.77
ROE
-99.6%▼
2023 · -3.5%
ROA
-3.6%▼
2023 · -0.3%
Interest coverage
-0.98▼
2023 · 22.13
Debt ≤ 1 year
€280k▲
2023 · €264k
Staff costs
€102k▼
2023 · €144k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€285k€290k▲
Fixed assets21/28€10k€5k▼
Tangible fixed assets22/27€10k€5k▼
Land and buildings22€543-
Plant, machinery and equipment23€9k€3k▼
Furniture and vehicles24-€2k
Current assets29/58€275k€285k▲
Stocks and contracts in progress3€29k€29k=
Stocks30/36€12k€12k=
Contracts in progress37€17k€17k=
Amounts receivable within one year40/41€245k€249k▲
Trade receivables40€109k€193k▲
Other amounts receivable41€136k€56k▼
Cash at bank and in hand54/58€856€7k▲
Equity and liabilities
Total equity and liabilities10/49€285k€290k▲
Equity10/15€21k€10k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€234€-10k▼
Amounts payable17/49€264k€280k▲
Amounts payable within one year42/48€264k€280k▲
Trade debts44€14k€29k▲
Suppliers440/4€14k€29k▲
Taxes, remuneration and social security45€28k€14k▼
Taxes450/3€15k€7k▼
Remuneration and social security454/9€13k€7k▼
Other amounts payable47/48€223k€236k▲
Income statement
Code20232024
Remuneration, social security and pensions62€144k€102k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€28k
Other operating charges640/8€1k€25k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€155k€152k▼
Operating profit (loss)9901€-3€-8k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€387€2k▲
Recurring financial charges65€387€2k▲
Profit (loss) for the period before taxes9903€-388€-10k▼
Income taxes67/77€346-
Profit (loss) for the period9904€-734€-10k▼
Profit (loss) for the period to be appropriated9905€-734€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234€-10k▼
Profit (loss) brought forward from the previous period14P€968€234▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €56k | €107k | €144k | €102k | ▼ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €8k | €10k | €9k | €6k | ▼ 24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €28k | - |
| Other operating charges640/8 | - | €13k | €13k | €1k | €25k | ▲ 1,820% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Gross operating margin9900 | €112k | €76k | €179k | €155k | €152k | ▼ 1.7% |
| Operating profit (loss)9901 | €6k | €-1k | €49k | €-3 | €-8k | ▼ 298,462% |
| Financial income75/76B | - | - | €0 | €1 | €0 | ▼ 98.4% |
| Recurring financial income75 | - | - | €0 | €1 | €0 | ▼ 98.4% |
| Financial charges65/66B | - | €2k | €4k | €387 | €2k | ▲ 401% |
| Recurring financial charges65 | €754 | €2k | €4k | €387 | €2k | ▲ 401% |
| Profit (loss) for the period before taxes9903 | €5k | €-3k | €45k | €-388 | €-10k | ▼ 2,559% |
| Income taxes67/77 | - | - | €4k | €346 | - | - |
| Profit (loss) for the period9904 | €5k | €-3k | €41k | €-734 | €-10k | ▼ 1,307% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-3k | €41k | €-734 | €-10k | ▼ 1,307% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €335k | €458k | €370k | €285k | €290k | ▲ 1.8% |
| Fixed assets21/28 | €31k | €23k | €16k | €10k | €5k | ▼ 49.2% |
| Tangible fixed assets22/27 | €31k | €23k | €16k | €10k | €5k | ▼ 49.2% |
| Land and buildings22 | - | €2k | €1k | €543 | - | - |
| Plant, machinery and equipment23 | - | €16k | €13k | €9k | €3k | ▼ 64.1% |
| Furniture and vehicles24 | - | €5k | €2k | - | €2k | - |
| Other tangible fixed assets26 | - | €313 | - | - | - | - |
| Current assets29/58 | €303k | €435k | €354k | €275k | €285k | ▲ 3.6% |
| Stocks and contracts in progress3 | €15k | €29k | €29k | €29k | €29k | = |
| Stocks30/36 | - | €12k | €12k | €12k | €12k | = |
| Contracts in progress37 | - | €17k | €17k | €17k | €17k | = |
| Amounts receivable within one year40/41 | €271k | €405k | €315k | €245k | €249k | ▲ 1.7% |
| Trade receivables40 | - | €354k | €249k | €109k | €193k | ▲ 77.4% |
| Other amounts receivable41 | - | €51k | €66k | €136k | €56k | ▼ 58.9% |
| Cash at bank and in hand54/58 | €46 | €757 | €10k | €856 | €7k | ▲ 669% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €335k | €458k | €370k | €285k | €290k | ▲ 1.8% |
| Equity10/15 | €-16k | €-19k | €21k | €21k | €10k | ▼ 49.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-37k | €-40k | €968 | €234 | €-10k | ▼ 4,411% |
| Amounts payable17/49 | €351k | €477k | €349k | €264k | €280k | ▲ 5.9% |
| Amounts payable within one year42/48 | €351k | €477k | €349k | €264k | €280k | ▲ 5.9% |
| Trade debts44 | €243k | €335k | €130k | €14k | €29k | ▲ 111% |
| Suppliers440/4 | - | €335k | €130k | €14k | €29k | ▲ 111% |
| Taxes, remuneration and social security45 | - | €8k | €31k | €28k | €14k | ▼ 49.0% |
| Taxes450/3 | - | - | €14k | €15k | €7k | ▼ 51.5% |
| Remuneration and social security454/9 | - | €8k | €17k | €13k | €7k | ▼ 46.2% |
| Other amounts payable47/48 | - | €134k | €188k | €223k | €236k | ▲ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-3k | €41k | €-734 | €-10k | ▼ 1,307% |
| + Depreciation and write-downs630 | €12k | €8k | €10k | €9k | €6k | ▼ 24.2% |
| Operating cash flow (approximation) | €17k | €5k | €51k | €8k | €-4k | ▼ 149% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €-2k | €-2k | ▲ 22.1% |
| Change in cash | - | €711 | €9k | €-9k | €6k | ▲ 164% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 39 days late
2016
20-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Vorselaar · 1 establishment unit since 2020
Ground area
2,141 m²
Building footprint
3,051 m²
Volume, LiDAR
30,426 m³
2 parcels, Flanders · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Chaussea
since 20202.312.751.697
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0904/00E010 | Flanders | 1,426 m² | 1 · 2,913 m² | 12.9 m · 4 fl. |
| 13044F0253/00Y000 | Flanders | 714 m² | 1 · 138 m² | 8.2 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 4,121 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
Founded15-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47721Retail sale of footwear
42110Construction of roads and motorways
43110Demolition
43310Plastering work
43320Joinery installation
43410Roofing work
43422Screed work
46180Agents specialised in the wholesale of other particular products
81220Other building cleaning and industrial cleaning
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.