Van Laethem
ActiveSummary
Van Laethem has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €372,248 and a net result of -€6,220. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 93% of 9973 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-62
Solvency100=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.39 against 2.55 in 2023; short-term debt: 2.8% of total assets), and 12.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
87.4%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-06-2026, 313 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
313 d late
2023
675 d late
2022
122 d late
2021
141 d late
2020
108 d late
2019
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 247 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#2 oldest company in Ninove, Construction sector
Turnover
€28,514▼ 34.7%
2021 · €43,695
EBIT margin
6.0%▼ 2.2pp
2021 · 8.2%
Net result
-€6,220
2023 · €34,562
Working capital
€16,317▼ 10.7%
2023 · €18,277
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€43,695€28,514▼ 34.7%
Operating result€73▼ 99.3%€3,583▲ 4,814%€1,701▼ 52.5%€35,031▲ 1,959%-€6,146
Net result-€190within the sector's middle half€3,109within the sector's middle half€1,318within the sector's middle half▼ 57.6%€34,562above the sector's middle half▲ 2,522%-€6,220below the sector's middle half
EBIT margin8.2%6.0%▼ 2.2pp
Equity€339,479above the sector's middle half▼ 0.1%€342,588above the sector's middle half▲ 0.9%€343,906above the sector's middle half▲ 0.4%€378,468above the sector's middle half▲ 10.0%€372,248above the sector's middle half▼ 1.6%
Total assets€443,712above the sector's middle half▲ 0.7%€422,706above the sector's middle half▼ 4.7%€414,720above the sector's middle half▼ 1.9%€432,031above the sector's middle half▲ 4.2%€425,729above the sector's middle half▼ 1.5%
Debt€62,494▲ 5.8%€38,379▼ 38.6%€29,075▼ 24.2%€11,824▼ 59.3%€11,742▼ 0.7%
Working capital-€35,393below the sector's middle half▲ 0.8%-€28,476below the sector's middle half▲ 19.5%-€22,042below the sector's middle half▲ 22.6%€18,277within the sector's middle half€16,317within the sector's middle half▼ 10.7%
Solvency76.5%above the sector's middle half▼ 0.6pp81.0%above the sector's middle half▲ 4.5pp82.9%above the sector's middle half▲ 1.9pp87.6%above the sector's middle half▲ 4.7pp87.4%above the sector's middle half▼ 0.2pp
Current ratio0.43below the sector's middle half▲ 0.060.25below the sector's middle half▼ 0.180.24below the sector's middle half=2.55within the sector's middle half▲ 2.302.39within the sector's middle half▼ 0.16
Return on assets (ROA)0.0%within the sector's middle half▼ 2.3pp0.7%within the sector's middle half▲ 0.8pp0.3%within the sector's middle half▼ 0.4pp8.0%within the sector's middle half▲ 7.7pp-1.5%below the sector's middle half▼ 9.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,146 after €35,031 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €425,729
Fixed assets
€397,670 ▼ 1.1%
Current assets
€28,059 ▼ 6.8%
Equity and liabilities €425,729
Equity
€372,248 ▼ 1.6%
Provisions
€41,739 =
Debt
€11,742 ▼ 0.7%
Debt's share of the balance-sheet total stays at 2.8%.
Key figures and ratios
EBITDA
-€385▼
2023 · €40,788
Cash flow
-€459▼
2023 · €40,318
Debt to equity
0.03▲
2023 · 0.03
ROE
-1.7%▼
2023 · 9.1%
Interest coverage
-5.20▼
2023 · 86.92
Debt ≤ 1 year
€11,742▼
2023 · €11,824
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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% 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €43,695 | €28,514 | - | - | - |
| Non-recurring operating income76A | - | €4,374 | €1 | €343 | €165 | ▼ 51.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €31,163 | €18,543 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,806 | €5,508 | €5,756 | €5,756 | €5,760 | ▲ 0.1% |
| Other operating charges640/8 | - | €3,441 | €2,512 | €3,712 | €1,567 | ▼ 57.8% |
| Gross operating margin9900 | €9,066 | €12,532 | €9,970 | €44,500 | €1,181 | ▼ 97.3% |
| Operating profit (loss)9901 | €73 | €3,583 | €1,701 | €35,031 | -€6,146 | ▼ 118% |
| Financial charges65/66B | - | €474 | €383 | €469 | €74 | ▼ 84.2% |
| Recurring financial charges65 | €263 | €474 | €383 | €469 | €74 | ▼ 84.2% |
| Profit (loss) for the period before taxes9903 | -€190 | €3,109 | €1,318 | €34,562 | -€6,220 | ▼ 118% |
| Profit (loss) for the period9904 | -€190 | €3,109 | €1,318 | €34,562 | -€6,220 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | -€190 | €3,109 | €1,318 | €34,562 | -€6,220 | ▼ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €443,712 | €422,706 | €414,720 | €432,031 | €425,729 | ▼ 1.5% |
| Fixed assets21/28 | €417,411 | €413,443 | €407,687 | €401,930 | €397,670 | ▼ 1.1% |
| Tangible fixed assets22/27 | €417,411 | €413,443 | €407,687 | €401,930 | €397,670 | ▼ 1.1% |
| Land and buildings22 | - | €408,758 | €403,418 | €398,078 | €392,738 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | €4,686 | €4,269 | €3,853 | €3,459 | ▼ 10.2% |
| Furniture and vehicles24 | - | - | - | - | €1,473 | - |
| Current assets29/58 | €26,301 | €9,263 | €7,034 | €30,101 | €28,059 | ▼ 6.8% |
| Stocks and contracts in progress3 | €8,322 | €4,443 | €4,443 | €2,438 | - | - |
| Stocks30/36 | - | €4,443 | €4,443 | €2,438 | - | - |
| Amounts receivable within one year40/41 | €14,580 | €276 | €989 | €27,663 | €28,059 | ▲ 1.4% |
| Trade receivables40 | - | - | - | €600 | €600 | = |
| Other amounts receivable41 | - | €276 | €989 | €27,063 | €27,459 | ▲ 1.5% |
| Cash at bank and in hand54/58 | €3,399 | €4,544 | €1,602 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €443,712 | €422,706 | €414,720 | €432,031 | €425,729 | ▼ 1.5% |
| Equity10/15 | €339,479 | €342,588 | €343,906 | €378,468 | €372,248 | ▼ 1.6% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | €124,000 | €124,000 | - | - | - |
| Issued capital100 | - | €124,000 | €124,000 | - | - | - |
| Reserves13 | €158,954 | €158,954 | €158,954 | €158,954 | €158,954 | = |
| Non-distributable reserves130/1 | - | €25,289 | €25,289 | €25,289 | €25,289 | = |
| Legal reserve130 | - | €25,289 | €25,289 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €25,289 | €25,289 | = |
| Tax-exempt reserves132 | - | €99,950 | €99,950 | €99,950 | €99,950 | = |
| Distributable reserves133 | - | €33,715 | €33,715 | €33,715 | €33,715 | = |
| Profit (loss) carried forward14 | €56,525 | €59,634 | €60,952 | €95,514 | €89,294 | ▼ 6.5% |
| Provisions and deferred taxes16 | €41,739 | €41,739 | €41,739 | €41,739 | €41,739 | = |
| Deferred taxes168 | - | €41,739 | €41,739 | €41,739 | €41,739 | = |
| Amounts payable17/49 | €62,494 | €38,379 | €29,075 | €11,824 | €11,742 | ▼ 0.7% |
| Amounts payable after more than one year17 | €800 | - | - | - | - | - |
| Amounts payable within one year42/48 | €61,694 | €37,739 | €29,075 | €11,824 | €11,742 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €800 | - | - | - | - |
| Financial debts43 | - | €21,288 | €25,815 | €3,554 | €4,147 | ▲ 16.7% |
| Credit institutions430/8 | - | €4,628 | €4,323 | - | €2,502 | - |
| Other loans439 | - | €16,660 | €21,493 | €3,554 | €1,645 | ▼ 53.7% |
| Trade debts44 | €13,242 | €3,060 | €473 | €2,128 | €1,859 | ▼ 12.6% |
| Suppliers440/4 | - | €3,060 | €473 | €2,128 | €1,859 | ▼ 12.6% |
| Taxes, remuneration and social security45 | - | €3,009 | €2,787 | €6,142 | €5,736 | ▼ 6.6% |
| Taxes450/3 | - | €3,009 | €2,787 | €6,142 | €5,736 | ▼ 6.6% |
| Other amounts payable47/48 | - | €9,583 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €640 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€190 | €3,109 | €1,318 | €34,562 | -€6,220 | ▼ 118% |
| + Depreciation and write-downs630 | €5,806 | €5,508 | €5,756 | €5,756 | €5,760 | ▲ 0.1% |
| Operating cash flow (approximation) | €5,616 | €8,617 | €7,075 | €40,318 | -€459 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€1,540 | €0 | €0 | -€1,500 | - |
| Change in cash | - | €1,145 | -€2,942 | - | - | - |
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
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 313 days late
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 675 days late
2024
31-12
Financial
Weakest financial yearnet -€6,220
Net result drops to -€6,220, the lowest in the series.
2023
31-12
Financial
Highest result since 2018net €34,562 ▲2,522%
Operating result €35,031, net result €34,562, both a record.
31-12
Financial
Liquidity times 11current ratio 2.55
Current ratio from 0.24 to 2.55; short-term debt falls from €29,075 to €11,824.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 141 days late
2021
31-12
Financial
Back to profitnet €3,109
Net result €3,109 after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ninove · 1 establishment unit since 1975
Ground area
2,971 m²
Building footprint
301 m²
Volume, LiDAR
1,927 m³
Parcel 41045A0059/00S000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Halsesteenweg 395, 9403 Ninove
since 19752.010.771.990
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41045A0059/00S000 | Flanders | 2,971 m² | 1 · 300 m² | 10.6 m · 2 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 10,305 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
Founded21-11-1974
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0414727359
Also
9925:BE0414727359
Registered
15-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.