Public limited company · founded 1988 · 38 yrs activeJoseph Cardijnstraat 52, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0435.367.276
Summary
LA LORRAINE ERPE-MERE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.1m) and a net result of -€14.1m. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 9% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability28▼-5
Solvency24▼-19
Growth44▼-15
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.6%Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.46 in 2023; short-term debt: 36.2% and cash: 0% of total assets), and equity is negative.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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. Usually files around 25 May (5 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
LA LORRAINE ERPE-MERE was incorporated on 20 September 1988.1In 2012 the capital was increased by EUR 93 to EUR 3.5 million.2Since 2017 the company has been called LA LORRAINE ERPE-MERE.3The board currently has 4 members; E & SV has served longest, since 2022.4Revenue grew from EUR 115 million in 2018 to EUR 225 million in 2025 and headcount from 228 to 322 full-time equivalents.5
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Net result€3.1mabove the sector's middle half▼ 0.7%-€241,468below the sector's middle half-€370,702below the sector's middle half▼ 53.5%-€4.5mbelow the sector's middle half▼ 1,100%-€14.1mbelow the sector's middle half-
Equity€33.1mabove the sector's middle half▲ 10.2%€32.9mabove the sector's middle half▼ 0.7%€32.5mabove the sector's middle half▼ 1.1%€28.1mabove the sector's middle half▼ 13.7%-€1.1mbelow the sector's middle half-
Total assets€55.6mabove the sector's middle half▲ 1.8%€79.6mabove the sector's middle half▲ 43.2%€131.5mabove the sector's middle half▲ 65.2%€157.4mabove the sector's middle half▲ 19.7%€195.7mabove the sector's middle half-
Working capital€2.9mwithin the sector's middle half▲ 305%-€11.6mbelow the sector's middle half-€51.9mbelow the sector's middle half▼ 346%-€68.9mbelow the sector's middle half▼ 32.7%-€12.6mbelow the sector's middle half-
Solvency59.6%above the sector's middle half▲ 4.5pp41.3%within the sector's middle half▼ 18.3pp24.7%within the sector's middle half▼ 16.6pp17.8%below the sector's middle half▼ 6.9pp-0.6%below the sector's middle half-
Current ratio1.13within the sector's middle half▲ 0.100.75below the sector's middle half▼ 0.380.47below the sector's middle half▼ 0.270.46below the sector's middle half▼ 0.010.82below the sector's middle half-
Return on assets (ROA)5.5%within the sector's middle half▼ 0.1pp-0.3%below the sector's middle half▼ 5.8pp-0.3%within the sector's middle half=-2.8%below the sector's middle half▼ 2.5pp-7.2%below the sector's middle half-
Staff (FTE)260.5above the sector's middle half▲ 9.1%262.8above the sector's middle half▲ 0.9%280.9above the sector's middle half▲ 6.9%302.7above the sector's middle half▲ 7.8%321.5above the sector's middle half-
abovewithinbelowthe middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is -€6.5m in 2025, compared with €3.0m in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €195.7m
70.2%
29.8%
Fixed assets€137.4m ▲ 40.5%
Current assets€58.2m ▼ 2.3%
Key figures and ratios
2025 value · change against 2023
EBITDA
€10.8m▼
2023 · €11.4m
Cash flow
€3.3m▼
2023 · €4.0m
Quick ratio
0.50▲
2023 · 0.30
Interest coverage
1.47▼
2023 · 1.58
Debt ≤ 1 year
€70.8m▼
2023 · €128.5m
Debt > 1 year
€125.0m
Income taxes
€7,030▲
2023 · -€9,665
Staff costs
€22.5m▲
2023 · €18.9m
A ratio outside any meaningful range has been withheld (balance sheet total €195.7m, equity -€1.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 4,190 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 91% are still going.
20 years or older
negative equity
a small loss
without size
2.0%went bankrupt
5.3%stopped otherwise
91%still going
A further 1.6% 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%.
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%
1.9%
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 4,190 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 accountsAs filed with the NBB · 2025 against 2023 · 77 lines
Balance sheetCode20232025
Assets
Total assets20/58€157.4m€195.7m▲
Fixed assets21/28€97.8m€137.4m▲
Intangible fixed assets21€223,616€120,330▼
Tangible fixed assets22/27€97.6m€137.3m▲
Land and buildings22€19.4m€46.7m▲
Plant, machinery and equipment23€76.6m€88.9m▲
Furniture and vehicles24€258,431€177,564▼
Assets under construction and advance payments27€1.3m€1.5m▲
Current assets29/58€59.6m€58.2m▼
Stocks and contracts in progress3€21.6m€23.0m▲
Stocks30/36€21.6m€23.0m▲
Raw materials and consumables30/31€3.1m€2.8m▼
Finished goods33€4.8m€6.0m▲
Goods purchased for resale34€13.7m€14.2m▲
Amounts receivable within one year40/41€37.9m€34.6m▼
Trade receivables40€37.2m€33.7m▼
Other amounts receivable41€656,669€891,427▲
Cash at bank and in hand54/58€5,699€2,424▼
Deferred charges and accrued income490/1€96,161€567,242▲
Equity and liabilities
Total equity and liabilities10/49€157.4m€195.7m▲
Equity10/15€28.1m-€1.1m▼
Contributions10/11€3.5m€3.5m=
Reserves13€1.7m€1.6m▼
Non-distributable reserves130/1€347,500€347,500=
Reserves not available under the articles1311€347,500€347,500=
Tax-exempt reserves132€418,474€325,480▼
Distributable reserves133€928,662€928,662=
Profit (loss) carried forward14€22.9m-€6.2m▼
Provisions and deferred taxes16€139,491€108,493▼
Deferred taxes168€139,491€108,493▼
Amounts payable17/49€129.2m€196.7m▲
Amounts payable after more than one year17-€125.0m
Financial debts170/4-€125.0m
Other loans174-€125.0m
Amounts payable within one year42/48€128.5m€70.8m▼
Trade debts44€26.8m€35.4m▲
Suppliers440/4€26.8m€35.4m▲
Taxes, remuneration and social security45€3.4m€4.0m▲
Taxes450/3€292,044€24,912▼
Remuneration and social security454/9€3.1m€4.0m▲
Other amounts payable47/48€98.3m€31.4m▼
Accrued charges and deferred income492/3€692,122€830,999▲
Income statementCode20232025
Operating income70/76A€212.3m€250.3m▲
Turnover70€197.3m€225.2m▲
Change in stocks of work in progress, finished goods and contracts in progress71€2.1m€4.5m▲
Other operating income74€13.0m€16.4m▲
Non-recurring operating income76A€11,007€4.2m▲
Operating charges60/66A€209.3m€256.8m▲
Goods for resale, raw materials and consumables60€156.6m€178.7m▲
Purchases600/8€159.6m€176.7m▲
Change in stocks: decrease (increase)609-€3.0m€2.1m▲
Services and other goods61€24.9m€36.9m▲
Remuneration, social security and pensions62€18.9m€22.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.4m€17.4m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24,458-€100,009▼
State Gazette actResignations: E&SV BVBA, Shauri BVBA and LLBG NV
Appointments: E&SV BVBA, Shauri BVBA and LLBG NV · Permanent representatives: Eddy Verbeure, Marc Vanherpe and 2 others11 facts ▸
General meeting, 26-04-2018
Director resignation, E&SV BVBA (director)
Director resignation, Shauri BVBA (director)
Director resignation, LLBG NV (director)
Director appointment, E&SV BVBA (director)
Permanent representative, Eddy Verbeure
Director appointment, Shauri BVBA (director)
Permanent representative, Marc Vanherpe
Director appointment, LLBG NV (director)
Permanent representative, Guido Vanherpe
Permanent representative, Guido Vanherpe BVBA
24-05
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
19-01
State Gazette actCapital & shares
General meeting1 fact ▸
General meeting, 14-12-2017
2017
18-05
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
10-04
State Gazette actResignation: Vantmar (director)
Appointment: L&A Business Consult (bijkomende bestuurder) · Permanent representatives: Luc Verhasselt and Anthony Vanherpe · Director discharge6 facts ▸
General meeting, 15-03-2017
Director resignation, Vantmar (director)
Director discharge, Vantmar
Director appointment, L&A Business Consult (bijkomende bestuurder)
Permanent representative, Luc Verhasselt
Permanent representative, Anthony Vanherpe
11-01
State Gazette actBenaming
Name change · Statutes amendment · Power of attorney4 facts ▸
General meeting, 28/12/2016
Name change, LA LORRAINE ERPE-MERE
Statutes amendment
Power of attorney, de bestuurders
2016
01-06
State Gazette actAppointment: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
Auditor appointment, Ernst & Young Bedrijfsrevisoren BV CVBA
Director resignation, Guido Vanherpe (director)
Permanent representative, Guido Vanherpe
2014
21-05
State Gazette actAppointment: Emst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
2 facts ▸
General meeting, 09-09-2013
Auditor appointment, Emst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
08-05
State Gazette actAlgemene Vergadering
Statutes amendment · Power of attorney3 facts ▸
General meeting, 11-04-2014
Statutes amendment
Power of attorney, De bestuurders
2013
17-12
State Gazette actCapital & shares
Power of attorney2 facts ▸
General meeting, 29-11-2013
Power of attorney, Susana González Melón
18-10
State Gazette actReappointments: Johan Vanherpe, Vanobake NV and 4 others
Appointment: Ernst & Young (statutory auditor) · Permanent representative: Mamix Van Dooren10 facts ▸
General meeting, 24-06-2013
Director reappointment, Johan Vanherpe (director and chair)
Director reappointment, Vanobake NV (managing director)
Director reappointment, Guido Vanherpe bvba (managing director)
Director reappointment, Shauri bvba (director)
Director reappointment, M&A cva (director)
Director reappointment, E&SV bvba (director)
General meeting, 09-09-2013
Auditor appointment, Ernst & Young (statutory auditor)
Permanent representative, Mamix Van Dooren
2012
25-05
State Gazette actCapital & shares
General meeting1 fact ▸
General meeting, 18-04-2012
11-01
State Gazette actCapital & shares · Statutes amendment · Restructuring
Demerger · Capital decrease · Accounting effect8 facts ▸
General meeting, 20-12-2011
Demerger, partielle splitsing door inbreng, juridische eigendom van het merk "Dauphine"
Capital decrease, €93,19
Accounting effect, 01-07-2011
Capital increase, €93,19
Statutes amendment
Inbrengwaarde, 295964.01, EUR
No share issuance, VANOBAKE is eigenares van alle aandelen van de partieel te splitsen vennootschappen; geen aandelen uitgereikt (art. 740 §2, 1° W.Venn.)
State Gazette actPermanent representative: Guido VANHERPE
1 fact ▸
Permanent representative, Guido VANHERPE
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
28 of 28 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
5 directors, 2 in day-to-day management, no change since 2024
Statutory auditor · since 01-07-2013 · perm. rep.: Francis Boelens
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
De bereiding, aankoop en verkoop en handel in het algemeen van producten die verband houden met de bakkerij, banketbakkerij, het beschuit-, biscuit-, deegwaren- en…
Full purpose
De bereiding, aankoop en verkoop en handel in het algemeen van producten die verband houden met de bakkerij, banketbakkerij, het beschuit-, biscuit-, deegwaren- en versnaperingsbedrijf en het industrieel bereiden van maaltijden in alle mogelijke vormen alsmede alle andere producten, gebruikt voor of in gerechten in de ruimste zin van het woord.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2022 annual accounts of LA LORRAINE ERPE-MERE and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
6 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 514 companies in sector 10711 we hold annual accounts for 329. 41 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded20-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
10711Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID0208:0435367276
Also9925:BE0435367276
Registered20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.