LOVARO
ActiveThe computed 12-month bankruptcy probability of LOVARO is 1.9% (moderate). The 2025 annual accounts show equity of €89k and a net result of €21k. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 56% of 1522 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▲ +21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency81▲+22
Growth52=
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.79 in 2024), but 62.4% of the assets are financed with debt.
Credit advice 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
37.6%
Return on assets
9%
Age of the figures
8 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 30-08-2026, 30 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 · 4 filingsDeviation from the deadline
2025
30 d late
2024
27 d late
2023
30 d late
2022
42 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 31.6%
2024 · €67k
2022: €23k
2023: €52k
2024: €67k
2022 → 2025
Total assets
€236k▼ 13.2%
2024 · €272k
2022: €38k
2023: €320k
2024: €272k
2022 → 2025
Net result
€21k▲ 40.7%
2024 · €15k
2022: €22k
2023: €29k
2024: €15k
2022 → 2025
Working capital
€41k▼ 32.2%
2024 · €61k
2022: €23k
2023: €21k
2024: €61k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€52k▲ 122%€67k▲ 29.0%€89k▲ 31.6%
Operating result€28k-€37k▲ 36.1%€27k▼ 28.4%€36k▲ 33.4%
Net result€22k-€29k▲ 30.8%€15k▼ 47.3%€21k▲ 40.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236k
Fixed assets
€161k▼ 8.8%
Current assets
€74k▼ 21.6%
Equity and liabilities €236k
Equity
€89k▲ 31.6%
Debt
€147k▼ 28.0%
The debt ratio falls from 75.2% to 62.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€70k▲
2024 · €58k
Cash flow
€55k▲
2024 · €46k
Solvency
37.6%▲
2024 · 24.8%
Current ratio
2.25▼
2024 · 2.79
Quick ratio
1.88▼
2024 · 2.50
Debt / equity
1.66▼
2024 · 3.03
ROE
24.0%▲
2024 · 22.5%
ROA
9.0%▲
2024 · 5.6%
Interest coverage
10.74▲
2024 · 7.79
Debt
€147k▼
2024 · €204k
Debt ≤ 1 year
€33k▼
2024 · €34k
Debt > 1 year
€114k▼
2024 · €170k
Income taxes
€8k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€272k€236k▼
Fixed assets21/28€177k€161k▼
Tangible fixed assets22/27€175k€159k▼
Plant, machinery and equipment23€100k€96k▼
Furniture and vehicles24€798€1k▲
Leasing and similar rights25€31k€22k▼
Other tangible fixed assets26€43k€40k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€95k€74k▼
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€23k€15k▼
Trade receivables40€9k€2k▼
Other amounts receivable41€15k€14k▼
Cash at bank and in hand54/58€59k€43k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€272k€236k▼
Equity10/15€67k€89k▲
Contributions10/11€2k€2k=
Reserves13€66k€87k▲
Distributable reserves133€66k€87k▲
Amounts payable17/49€204k€147k▼
Amounts payable after more than one year17€170k€114k▼
Financial debts170/4€170k€114k▼
Amounts payable within one year42/48€34k€33k▼
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€2k€343▼
Taxes450/3€507€343▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€34k▲
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A€10k€0▼
Gross operating margin9900€72k€76k▲
Operating profit (loss)9901€27k€36k▲
Financial income75/76B€346€10▼
Recurring financial income75€346€10▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€20k€29k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€15k€21k▲
Profit (loss) for the period to be appropriated9905€15k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€21k▲
Transfer to equity691/2€15k€21k▲
To other reserves6921€15k€21k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €15k ▼47.3%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.79
Current ratio from 1.29 to 2.79; short-term debt falls from €72k to €34k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €29k ▲30.8%
Operating result €37k, net result €29k, both a record.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Veurne · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gouden-Hoofdstraat 1288630 VeurneGround area
1,059 m²
Building footprint
321 m²
Volume, LiDAR
3,046 m³
2 parcels, Flanders · tallest building 22.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
LOVARO
since 20222.330.049.569
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38026A0266/00S000 | Flanders | 890 m² | 1 · 181 m² | 8.0 m · 1 fl. |
| 38342G0509/00D000 | Flanders | 169 m² | 1 · 140 m² | 22.4 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 · 1 entry · 353 EUR awarded · 353 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 353 EUR | 353 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoksijde2.330.049.569
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Of 606 companies in sector 10520 we hold annual accounts for 234. 195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2022
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
56210Event catering
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.