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VAN LAER SERVICES

Active
Private limited companyfounded 2010active for 16 yearsKoekoekstraat 8, 2280 Grobbendonk, BelgiumKBO/BCE: BE 0822.501.305
Summary

VAN LAER SERVICES has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,269 and a net result of €40,148. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 67% of 34,143 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, micro format

Equity
€206,269▲ 13.0%
2024 · €182,505
Total assets
€329,534▼ 2.9%
2024 · €339,213
Net result
€40,148▼ 29.1%
2024 · €56,637
Working capital
€27,487
2024 · -€2,872
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 26% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€62,053 2025 Net result€40,148 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€13,330-€22,922▲ 72.0%€56,776▲ 148%€53,731▼ 5.4%€32,979▼ 38.6%€84,251▲ 155%€62,053▼ 26.3%
Net result€8,644-€16,385within the sector's middle half▲ 89.6%€41,290above the sector's middle half▲ 152%€37,581above the sector's middle half▼ 9.0%€21,561within the sector's middle half▼ 42.6%€56,637above the sector's middle half▲ 163%€40,148above the sector's middle half▼ 29.1%
Equity€28,330-€44,715within the sector's middle half▲ 57.8%€86,005within the sector's middle half▲ 92.3%€123,585within the sector's middle half▲ 43.7%€145,146above the sector's middle half▲ 17.4%€182,505above the sector's middle half▲ 25.7%€206,269above the sector's middle half▲ 13.0%
Total assets€54,424-€72,395within the sector's middle half▲ 33.0%€123,904within the sector's middle half▲ 71.2%€166,812within the sector's middle half▲ 34.6%€267,917within the sector's middle half▲ 60.6%€339,213above the sector's middle half▲ 26.6%€329,534above the sector's middle half▼ 2.9%
Debt€26,094-€27,680▲ 6.1%€37,899▲ 36.9%€43,227▲ 14.1%€122,771▲ 184%€156,708▲ 27.6%€123,265▼ 21.3%
Working capital€24,764-€42,932within the sector's middle half▲ 73.4%€60,225within the sector's middle half▲ 40.3%€104,473above the sector's middle half▲ 73.5%-€1,073below the sector's middle half-€2,872below the sector's middle half▼ 168%€27,487within the sector's middle half
Solvency52.1%-61.8%within the sector's middle half▲ 9.7pp69.4%above the sector's middle half▲ 7.6pp74.1%above the sector's middle half▲ 4.7pp54.2%within the sector's middle half▼ 19.9pp53.8%within the sector's middle half▼ 0.4pp62.6%within the sector's middle half▲ 8.8pp
Current ratio1.95-2.55within the sector's middle half▲ 0.602.59within the sector's middle half▲ 0.043.44above the sector's middle half▲ 0.850.99below the sector's middle half▼ 2.450.98below the sector's middle half▼ 0.011.25within the sector's middle half▲ 0.27
Return on assets (ROA)15.9%-22.6%above the sector's middle half▲ 6.8pp33.3%above the sector's middle half▲ 10.7pp22.5%above the sector's middle half▼ 10.8pp8.0%within the sector's middle half▼ 14.5pp16.7%within the sector's middle half▲ 8.6pp12.2%within the sector's middle half▼ 4.5pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €329,534
Fixed assets €190,766 ▼ 9.5%
Current assets €138,768 ▲ 8.0%
Equity and liabilities €329,534
Equity €206,269 ▲ 13.0%
Debt €123,265 ▼ 21.3%
Debt's share of the balance-sheet total falls from 46.2% to 37.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€84,786▼
2024 · €94,549
Cash flow
€62,880▼
2024 · €66,935
Debt to equity
0.60▼
2024 · 0.86
ROE
19.5%▼
2024 · 31.0%
Interest coverage
16.52▲
2024 · 13.71
Debt ≤ 1 year
€111,281▼
2024 · €131,322
Debt > 1 year
€11,585▼
2024 · €24,999
Income taxes
€16,776▼
2024 · €20,720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€339,213€329,534▼
Fixed assets21/28€210,763€190,766▼
Tangible fixed assets22/27€210,263€190,266▼
Land and buildings22€123,639€120,609▼
Plant, machinery and equipment23€1,704€3,622▲
Furniture and vehicles24€84,920€66,035▼
Financial fixed assets28€500€500=
Current assets29/58€128,450€138,768▲
Amounts receivable within one year40/41€74,854€130,464▲
Trade receivables40€74,854€130,464▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€53,596€8,304▼
Equity and liabilities
Total equity and liabilities10/49€339,213€329,534▼
Equity10/15€182,505€206,269▲
Contributions10/11€6,200€6,200=
Reserves13€176,305€200,069▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€176,305€200,069▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€156,708€123,265▼
Amounts payable after more than one year17€24,999€11,585▼
Financial debts170/4€24,999€11,585▼
Amounts payable within one year42/48€131,322€111,281▼
Current portion of amounts payable after more than one year42€12,900€13,414▲
Trade debts44€10,708€9,436▼
Suppliers440/4€10,708€9,436▼
Advances received on contracts in progress46-€2,500
Taxes, remuneration and social security45€14,079€16,043▲
Taxes450/3€14,079€16,043▲
Other amounts payable47/48€93,635€69,888▼
Accrued charges and deferred income492/3€387€400▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,298€22,732▲
Other operating charges640/8€1,378€1,179▼
Non-recurring operating charges66A€3,640€0▼
Gross operating margin9900€99,568€85,965▼
Operating profit (loss)9901€84,251€62,053▼
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€6,894€5,133▼
Recurring financial charges65€6,894€5,133▼
Profit (loss) for the period before taxes9903€77,357€56,924▼
Income taxes67/77€20,720€16,776▼
Profit (loss) for the period9904€56,637€40,148▼
Profit (loss) for the period to be appropriated9905€56,637€40,148▼
Appropriation of the result
Profit (loss) to be appropriated9906€56,637€40,148▼
Transfer from equity791/2€19,277€16,385▼
Transfer to equity691/2€56,637€40,148▼
To other reserves6921€56,637€40,148▼
Profit to be distributed694/7€19,277€16,385▼
Return on contributions (dividend)694€19,277€16,385▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,783€1,783€8,103€6,320€23,513€10,298€22,732▲ 121%
Other operating charges640/8---€562€1,116€1,378€1,179▼ 14.5%
Non-recurring operating charges66A-----€3,640€0▼ 100%
Gross operating margin9900€15,668€25,284€65,645€60,613€57,608€99,568€85,965▼ 13.7%
Operating profit (loss)9901€13,330€22,922€56,776€53,731€32,979€84,251€62,053▼ 26.3%
Financial income75/76B---€0€0€0€4▲ 6,500%
Recurring financial income75€1€24€2€0€0€0€4▲ 6,500%
Financial charges65/66B---€904€2,678€6,894€5,133▼ 25.5%
Recurring financial charges65€810€678€1,363€904€2,678€6,894€5,133▼ 25.5%
Profit (loss) for the period before taxes9903€12,521€22,269€55,415€52,828€30,301€77,357€56,924▼ 26.4%
Income taxes67/77€3,877€5,884€14,125€15,247€8,741€20,720€16,776▼ 19.0%
Profit (loss) for the period9904€8,644€16,385€41,290€37,581€21,561€56,637€40,148▼ 29.1%
Profit (loss) for the period to be appropriated9905€8,644€16,385€41,290€37,581€21,561€56,637€40,148▼ 29.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€54,424€72,395€123,904€166,812€267,917€339,213€329,534▼ 2.9%
Fixed assets21/28€3,566€1,783€25,780€19,460€147,103€210,763€190,766▼ 9.5%
Tangible fixed assets22/27€3,566€1,783€25,280€18,960€146,603€210,263€190,266▼ 9.5%
Land and buildings22----€126,670€123,639€120,609▼ 2.5%
Plant, machinery and equipment23----€2,270€1,704€3,622▲ 113%
Furniture and vehicles24---€18,960€17,663€84,920€66,035▼ 22.2%
Financial fixed assets28--€500€500€500€500€500=
Current assets29/58€50,858€70,612€98,124€147,352€120,814€128,450€138,768▲ 8.0%
Amounts receivable within one year40/41€31,761€24,140€37,060€94,952€119,881€74,854€130,464▲ 74.3%
Trade receivables40---€94,952€113,621€74,854€130,464▲ 74.3%
Other amounts receivable41----€6,259€0--
Cash at bank and in hand54/58€19,097€46,472€61,064€52,400€933€53,596€8,304▼ 84.5%
Equity and liabilities
Total equity and liabilities10/49€54,424€72,395€123,904€166,812€267,917€339,213€329,534▼ 2.9%
Equity10/15€28,330€44,715€86,005€123,585€145,146€182,505€206,269▲ 13.0%
Contributions10/11€6,200--€6,200€6,200€6,200€6,200=
Reserves13€22,130€38,515€79,805€117,385€138,946€176,305€200,069▲ 13.5%
Non-distributable reserves130/1---€1,860€1,860€0--
Reserves not available under the articles1311---€1,860€1,860€0--
Distributable reserves133---€115,525€137,086€176,305€200,069▲ 13.5%
Profit (loss) carried forward14-----€0€0-
Amounts payable17/49€26,094€27,680€37,899€43,227€122,771€156,708€123,265▼ 21.3%
Amounts payable after more than one year17-----€24,999€11,585▼ 53.7%
Financial debts170/4-----€24,999€11,585▼ 53.7%
Amounts payable within one year42/48€26,094€27,680€37,899€42,879€121,887€131,322€111,281▼ 15.3%
Current portion of amounts payable after more than one year42-----€12,900€13,414▲ 4.0%
Trade debts44€1,004€902€2,773€10,980€12,150€10,708€9,436▼ 11.9%
Suppliers440/4---€10,980€12,150€10,708€9,436▼ 11.9%
Advances received on contracts in progress46------€2,500-
Taxes, remuneration and social security45---€13,255€13,914€14,079€16,043▲ 13.9%
Taxes450/3---€13,255€13,914€14,079€16,043▲ 13.9%
Other amounts payable47/48---€18,644€95,822€93,635€69,888▼ 25.4%
Accrued charges and deferred income492/3---€348€884€387€400▲ 3.2%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€8,644€16,385€41,290€37,581€21,561€56,637€40,148▼ 29.1%
+ Depreciation and write-downs630€1,783€1,783€8,103€6,320€23,513€10,298€22,732▲ 121%
Operating cash flow (approximation)€10,427€18,168€49,393€43,901€45,073€66,935€62,880▼ 6.1%
Investment in fixed assets (approximation)-€0-€32,100€0-€151,156-€73,958-€2,735▲ 96.3%
Change in cash-€27,375€14,592-€8,664-€51,466€52,662-€45,292-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 micro format 27-03-2026 2026-00066805
30-09-2024 micro format 31-03-2025 2025-00059378
30-09-2023 micro format 18-04-2024 2024-00064820
30-09-2022 micro format 15-04-2023 2023-00060513
30-09-2021 micro format 31-03-2022 2022-09500343
30-09-2020 micro format 23-04-2021 2021-11100050
30-09-2019 micro format 28-04-2020 2020-10200584
30-09-2018 micro format 28-04-2019 2019-11100419
30-09-2017 micro format 27-04-2018 2018-11000345
30-09-2016 abbreviated format 03-04-2017 2017-08600356

Show all 15 filings

Similar companies · same sector, comparable size

Of the 22,599 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,444. 8,277 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €796 awarded · €607 paid
Year Entries AwardedPaid
2025 1 €189€0
2024 1 €179€179
2023 1 €269€269
2022 1 €159€159
Schemes
4 entries · €796 · €607 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.