Financials
- Financial year
- 2025
- Turnover
- €13.6m
- Profit
- €121,740
- Solvency
- 24.1%
Turnover▼ 24.8%
Net result
20182025
LABECO
ActiveSummary
LABECO has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €121,740. Equity is growing by about 4.3% per year across the filed financial years. Its solvency ranks better than 27% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Agents in the wholesale of timber and building materials
NACE 46130Wholesale of timber NACE 46832
1 site
Size
€13.6mturnover 2025
- Staff
- 15 FTE
- Equity
- €4.2m
- Profit
- €121,740
Structure
- Parent
- Delta 11 · 100%
- DELTA 11Director · permanent representative LABEEUW Jan
- LABEEUW GerardDirector
Auditor: VRC BEDRIJFSREVISOREN2025 accounts 4 days early3 of 11 deeds summarised
Why 80raises riskLiquidity: current ratio 1.83, cash €90,983, halvedEquity €4.2m (24.1% of total assets)lowers riskFounded in 2007Figures for financial year 2025 (filed 27-07-2026)Show the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 26% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Weak
Solvency
49+3
equity 24.1% of total assets
Liquidity
24=
short-term debt 52.1% · cash 0.5%
Profitability
43+9
return on assets 0.7%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 0.8%● unchanged vs 11-2024
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.7%▼ -0.4 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.5%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €330,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.83, compared with 1.67 in 2024, above the usual 1.5; short-term debt: 52.1% and cash: 0.5% of total assets), but 75.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 27% on solvency, 22% on liquidity, 28% on profitability and 26% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
17 days early
2023
29 days late
2022
100 days late
2021
53 days late
2020
11 days early
2019
108 days 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 37 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Appointment: VRC Bedrijfsrevisoren (statutory auditor)Permanent representative: Jan Labeeuw
- Annual accounts filedfinancial year 2024 · full…
Key points
By topic
Board & ownership
- Board
- 2 members
- Parent
- Delta 11 · 100%
- Auditor
- VRC BEDRIJFSREVISOREN
- DELTA 11Director
- LABEEUW GerardDirector
Timeline
- Events
- 24
- Since
- 2009
- Next accounts
- by 31-07-2027
- 29-08-2024Annual accounts filed
- 08-11-2023Annual accounts filed
- 14-08-2023Miscellaneous
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in the wholesale of timber and building…NACE 46130
- Founded
- 31-08-2007
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 13
- Annual meeting
- 27 February at 11:00
Key facts about LABECO
- What is the company number of LABECO?
- 0891.779.297. In Belgium the VAT number is the company number with BE in front: BE 0891.779.297.
- Where is LABECO based?
- The registered office is at Sprietestraat 326, 8792 Waregem.Company details
- What does LABECO do?
- According to the KBO register, the main activity is agents in the wholesale of timber and building materials (NACE 46130).
- What is the legal form of LABECO?
- Private limited company (BV).
- When was LABECO founded?
- On 31-08-2007.
- Is LABECO still active?
- Yes, LABECO is an active enterprise in the KBO register.
- How many employees does LABECO have?
- On average 15 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LABECO?
- €13.6m in financial year 2025, according to the filed annual accounts.
- Is LABECO profitable?
- In financial year 2025, LABECO made a profit of €121,740.
- Where can I find the annual accounts of LABECO?
- LABECO filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LABECO due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to LABECO
Parent and group
- Delta 11100%
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