Etablissements F. Lawarrée
ActiveSummary
Etablissements F. Lawarrée has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416,515 and a net result of €100,230. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 6.8 against 3.17 in 2024; short-term debt: 8.9% and cash: 14.1% of total assets), and 15.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
84.8%
Return on assets
20.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
28 d late
2022
on the day
2021
29 d late
2020
24 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Aywaille, Manufacturing sector#10 company by equity in Aywaille, Manufacturing sector
Equity
€416,515▲ 31.7%
2024 · €316,285
Total assets
€491,148▲ 26.5%
2024 · €388,391
Net result
€100,230▲ 1,381%
2024 · €6,768
Working capital
€251,997▲ 114%
2024 · €117,728
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,263▲ 21.7%€24,929▼ 41.0%-€9,685€7,607€133,576▲ 1,656%
Net result€32,863above the sector's middle half▲ 19.6%€20,455within the sector's middle half▼ 37.8%-€9,924below the sector's middle half€6,768within the sector's middle half€100,230within the sector's middle half▲ 1,381%
Equity€298,986above the sector's middle half▲ 12.3%€319,441above the sector's middle half▲ 6.8%€309,517above the sector's middle half▼ 3.1%€316,285above the sector's middle half▲ 2.2%€416,515within the sector's middle half▲ 31.7%
Total assets€354,515within the sector's middle half▲ 15.2%€382,429within the sector's middle half▲ 7.9%€362,812within the sector's middle half▼ 5.1%€388,391above the sector's middle half▲ 7.0%€491,148within the sector's middle half▲ 26.5%
Debt€55,529▲ 33.2%€62,988▲ 13.4%€53,296▼ 15.4%€72,105▲ 35.3%€74,633▲ 3.5%
Working capital€210,990above the sector's middle half▲ 21.3%€214,428above the sector's middle half▲ 1.6%€172,825above the sector's middle half▼ 19.4%€117,728above the sector's middle half▼ 31.9%€251,997within the sector's middle half▲ 114%
Solvency84.3%above the sector's middle half▼ 2.1pp83.5%above the sector's middle half▼ 0.8pp85.3%above the sector's middle half▲ 1.8pp81.4%above the sector's middle half▼ 3.9pp84.8%above the sector's middle half▲ 3.4pp
Current ratio6.28above the sector's middle half▲ 0.595.08above the sector's middle half▼ 1.204.62above the sector's middle half▼ 0.463.17above the sector's middle half▼ 1.456.80above the sector's middle half▲ 3.62
Return on assets (ROA)9.3%within the sector's middle half▲ 0.3pp5.3%within the sector's middle half▼ 3.9pp-2.7%below the sector's middle half▼ 8.1pp1.7%within the sector's middle half▲ 4.5pp20.4%above the sector's middle half▲ 18.7pp
Staff (FTE)5▲ 85.2%4.6▼ 8.0%4▼ 13.0%4.8▲ 20.0%6.1within the sector's middle half▲ 27.1%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,656% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €491,148
Fixed assets
€195,670 ▼ 9.6%
Current assets
€295,478 ▲ 71.9%
Equity and liabilities €491,148
Equity
€416,515 ▲ 31.7%
Debt
€74,633 ▲ 3.5%
Debt's share of the balance-sheet total falls from 18.6% to 15.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€175,220▲
2024 · €44,359
Cash flow
€141,873▲
2024 · €43,521
Quick ratio
6.39▲
2024 · 2.96
Debt to equity
0.18▼
2024 · 0.23
ROE
24.1%▲
2024 · 2.1%
Interest coverage
163.45▲
2024 · 52.55
Debt ≤ 1 year
€43,481▼
2024 · €54,169
Debt > 1 year
€12,819▼
2024 · €17,937
Income taxes
€32,325
Staff costs
€136,066▼
2024 · €151,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 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% | 1.8% |
| 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% 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €140,872 | €147,186 | €145,817 | €151,686 | €136,066 | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,162 | €24,536 | €29,406 | €36,753 | €41,644 | ▲ 13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,054 | - | - | - | €13,947 | - |
| Other operating charges640/8 | €4,392 | €11,610 | €2,581 | €7,931 | €15,491 | ▲ 95.3% |
| Non-recurring operating charges66A | €565 | - | - | - | - | - |
| Gross operating margin9900 | €218,308 | €208,260 | €168,119 | €203,976 | €340,724 | ▲ 67.0% |
| Operating profit (loss)9901 | €42,263 | €24,929 | -€9,685 | €7,607 | €133,576 | ▲ 1,656% |
| Financial income75/76B | - | €49 | €8 | €6 | €51 | ▲ 760% |
| Recurring financial income75 | - | €49 | €8 | €6 | €51 | ▲ 760% |
| Financial charges65/66B | €167 | €366 | €247 | €844 | €1,072 | ▲ 27.0% |
| Recurring financial charges65 | €167 | €366 | €247 | €844 | €1,072 | ▲ 27.0% |
| Profit (loss) for the period before taxes9903 | €42,096 | €24,612 | -€9,924 | €6,768 | €132,555 | ▲ 1,858% |
| Income taxes67/77 | €9,233 | €4,157 | - | - | €32,325 | - |
| Profit (loss) for the period9904 | €32,863 | €20,455 | -€9,924 | €6,768 | €100,230 | ▲ 1,381% |
| Profit (loss) for the period to be appropriated9905 | €32,863 | €20,455 | -€9,924 | €6,768 | €100,230 | ▲ 1,381% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354,515 | €382,429 | €362,812 | €388,391 | €491,148 | ▲ 26.5% |
| Fixed assets21/28 | €103,562 | €115,390 | €142,230 | €216,494 | €195,670 | ▼ 9.6% |
| Tangible fixed assets22/27 | €99,416 | €111,449 | €138,331 | €212,772 | €195,385 | ▼ 8.2% |
| Plant, machinery and equipment23 | €3,300 | €6,372 | €4,988 | €3,070 | €1,591 | ▼ 48.2% |
| Furniture and vehicles24 | €28,604 | €23,251 | €19,386 | €41,245 | €31,775 | ▼ 23.0% |
| Other tangible fixed assets26 | €67,512 | €81,827 | €113,958 | €168,458 | €162,019 | ▼ 3.8% |
| Financial fixed assets28 | €4,146 | €3,940 | €3,899 | €3,721 | €285 | ▼ 92.3% |
| Current assets29/58 | €250,953 | €267,039 | €220,582 | €171,897 | €295,478 | ▲ 71.9% |
| Stocks and contracts in progress3 | €13,260 | €17,925 | €20,680 | €11,333 | €17,663 | ▲ 55.9% |
| Stocks30/36 | €13,260 | €17,925 | €20,680 | €11,333 | €17,663 | ▲ 55.9% |
| Amounts receivable within one year40/41 | €82,798 | €83,380 | €116,675 | €90,651 | €205,625 | ▲ 127% |
| Trade receivables40 | €80,810 | €82,440 | €108,819 | €85,419 | €200,776 | ▲ 135% |
| Other amounts receivable41 | €1,988 | €940 | €7,856 | €5,232 | €4,849 | ▼ 7.3% |
| Cash at bank and in hand54/58 | €143,830 | €154,458 | €70,143 | €63,057 | €69,137 | ▲ 9.6% |
| Deferred charges and accrued income490/1 | €11,065 | €11,276 | €13,085 | €6,855 | €3,052 | ▼ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354,515 | €382,429 | €362,812 | €388,391 | €491,148 | ▲ 26.5% |
| Equity10/15 | €298,986 | €319,441 | €309,517 | €316,285 | €416,515 | ▲ 31.7% |
| Contributions10/11 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Capital10 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Issued capital100 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Reserves13 | €13,198 | €13,198 | €13,198 | €13,198 | €13,198 | = |
| Non-distributable reserves130/1 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Legal reserve130 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Distributable reserves133 | €4,522 | €4,522 | €4,522 | €4,522 | €4,522 | = |
| Profit (loss) carried forward14 | €199,025 | €219,480 | €209,556 | €216,324 | €316,554 | ▲ 46.3% |
| Amounts payable17/49 | €55,529 | €62,988 | €53,296 | €72,105 | €74,633 | ▲ 3.5% |
| Amounts payable after more than one year17 | €15,566 | €10,377 | €5,189 | €17,937 | €12,819 | ▼ 28.5% |
| Financial debts170/4 | €15,566 | €10,377 | €5,189 | €17,937 | €12,819 | ▼ 28.5% |
| Amounts payable within one year42/48 | €39,963 | €52,611 | €47,757 | €54,169 | €43,481 | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | €9,779 | €5,189 | €5,189 | €10,095 | €5,118 | ▼ 49.3% |
| Trade debts44 | €9,406 | €25,804 | €25,939 | €21,824 | €23,147 | ▲ 6.1% |
| Suppliers440/4 | €9,406 | €25,804 | €25,939 | €21,824 | €23,147 | ▲ 6.1% |
| Advances received on contracts in progress46 | - | - | - | - | €8,229 | - |
| Taxes, remuneration and social security45 | €20,778 | €21,618 | €15,785 | €21,660 | €6,397 | ▼ 70.5% |
| Taxes450/3 | €6,234 | €6,265 | - | - | €2,349 | - |
| Remuneration and social security454/9 | €14,544 | €15,354 | €15,785 | €21,660 | €4,049 | ▼ 81.3% |
| Other amounts payable47/48 | - | - | €845 | €590 | €590 | = |
| Accrued charges and deferred income492/3 | - | - | €350 | - | €18,333 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,863 | €20,455 | -€9,924 | €6,768 | €100,230 | ▲ 1,381% |
| + Depreciation and write-downs630 | €27,162 | €24,536 | €29,406 | €36,753 | €41,644 | ▲ 13.3% |
| Operating cash flow (approximation) | €60,025 | €44,991 | €19,482 | €43,521 | €141,873 | ▲ 226% |
| Investment in fixed assets (approximation) | - | -€36,363 | -€56,246 | -€111,016 | -€20,820 | ▲ 81.2% |
| Change in cash | - | €10,628 | -€84,315 | -€7,085 | €6,080 | ▲ 186% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
Resignations: Julien Joha (director) and Steve Bernkens (director)Appointments: SRL Grevesse Global, Jennifer Paque and Laurent Grevesse · Permanent representative: Jennifer Paque8 facts ▸
State Gazette act
Resignations: Julien Joha (director) and Steve Bernkens (director)
Appointments: SRL Grevesse Global, Jennifer Paque and Laurent Grevesse · Permanent representative: Jennifer Paque8 facts ▸
- General meeting, 04-08-2026
- Director resignation, Julien Joha (director)
- Director resignation, Steve Bernkens (director)
- Director appointment, SRL Grevesse Global (director)
- Permanent representative, Jennifer Paque (permanent representative)
- Director appointment, Jennifer Paque (director)
- Director appointment, Laurent Grevesse (director)
- Director appointment, Laurent Grevesse (managing director)
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €100,230 ▲1,381%
Operating result €133,576, net result €100,230, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.80
Current ratio from 3.17 to 6.80; short-term debt falls from €54,169 to €43,481.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,768
Net result €6,768 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€9,924
Net result drops to -€9,924, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Show earlier events
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26105348). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
GREVESSE GLOBAL
CurrentDirector · since 04-08-2026 · Private limited company · perm. rep.: Jennifer Paque
Jennifer Paque
CurrentDirector · since 04-08-2026
Laurent Grevesse
CurrentDirector · since 04-08-2026
Day-to-day management 1
Laurent Grevesse
CurrentManaging director · since 04-08-2026
Permanent representatives 1
Jennifer Paque
CurrentPermanent representative · since 04-08-2026 · for GREVESSE GLOBAL
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 →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aywaille · 7 establishment units since 1973
Ground area
2,966 m²
Building footprint
686 m²
Volume, LiDAR
4,371 m³
7 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
7 establishment units
Rue de l'Enseignement 16, 4920 Aywaille
since 19732.008.135.768
Rue de Damré 25, 4140 Sprimont
since 20002.251.626.752
Rue Ferrer 2, 4140 Sprimont
since 20002.252.948.823
Rue du Pérréon(LVG) 27, 4141 Sprimont
since 20012.252.950.209
Thier du Hornay 79/A, 4140 Sprimont
since 20072.252.949.417
Route de Stavelot 2, 4190 Ferrières
since 20092.252.949.813
Show 1 more locations
Rue de l'Enseignement 8, 4920 Aywaille
since 20132.252.950.407
7 parcels
Wallonia
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61076A0380/00Z000 | Wallonia | 664 m² | 1 · 94 m² | 9.3 m · 3 fl. |
| 62100C0165/00K000 | Wallonia | 653 m² | 1 · 107 m² | - |
| 62067A0789/00M000 | Wallonia | 531 m² | 1 · 105 m² | 8.4 m · 2 fl. |
| 62009A1033/00P000 | Wallonia | 391 m² | 1 · 157 m² | 9.0 m · 3 fl. |
| 62009A1093/00E002 | Wallonia | 324 m² | 1 · 104 m² | 9.6 m · 3 fl. |
| 62100D0909/00K000 | Wallonia | 285 m² | 1 · 74 m² | 8.2 m · 2 fl. |
| 62100D1166/00F000 | Wallonia | 119 m² | 1 · 45 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
5 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| GREVESSE GLOBAL |
|
| Jennifer Paque |
|
| Laurent Grevesse |
|
| Julien Joha |
|
| Steve Bernkens |
|
Structure & network
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
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Director
Shareholding
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Company details
Identification
Legal formPublic limited company
Founded01-01-1973
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
96301Funeral services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0412994524
Also
9925:BE0412994524
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.