LAGACO
ActiveSummary
LAGACO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.23M and a net result of €2.59M. Equity is growing by ~53.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 9.1 in 2024; short-term debt: 19% and cash: 9.5% of total assets), and 22.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
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
77.2%
Return on assets
17.8%
Age of the figures
9 mo
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
29 d early
2023
42 d early
2022
49 d early
2021
46 d early
2020
47 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€518k
EBIT margin
38.9%
Net result
€2.59M▼ 8.9%
2024 · €2.84M
2018: €238k
2019: €240k
2020: €582k
2021: €581k
2022: €1.69M
2023: €2.07M
2024: €2.84M
2018 → 2025
Working capital
€4.59M▼ 27.6%
2024 · €6.33M
2018: €-569k
2019: €-847k
2020: €-196k
2021: €50k
2022: €1.58M
2023: €3.59M
2024: €6.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€518k-
Equity€2.04M-€3.73M▲ 82.8%€5.80M▲ 55.6%€8.64M▲ 49.0%€11.23M▲ 30.0%
Operating result€201k-€481k▲ 139%€532k▲ 10.6%€1.15M▲ 116%€769k▼ 32.9%
Net result€581k-€1.69M▲ 191%€2.07M▲ 22.6%€2.84M▲ 37.2%€2.59M▼ 8.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.54M
Fixed assets
€7.18M ▲ 133%
Current assets
€7.35M ▲ 3.4%
Equity and liabilities €14.54M
Equity
€11.23M ▲ 30.0%
Provisions
€0 ▼ 100%
Debt
€3.31M ▲ 112%
Debt's share of the balance-sheet total rises from 15.3% to 22.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€912k▼
2024 · €1.29M
Cash flow
€2.73M▼
2024 · €2.99M
Current ratio
2.66▼
2024 · 9.10
Quick ratio
2.52▼
2024 · 9.10
Debt to equity
0.29▲
2024 · 0.18
ROE
23.1%▼
2024 · 32.9%
ROA
17.8%▼
2024 · 27.9%
Interest coverage
67.12▲
2024 · 26.42
Debt ≤ 1 year
€2.77M▲
2024 · €782k
Debt > 1 year
€536k▼
2024 · €748k
Income taxes
€214k▼
2024 · €307k
Staff costs
€95k▼
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.20M€14.54M▲
Fixed assets21/28€3.08M€7.18M▲
Intangible fixed assets21€221k€927k▲
Tangible fixed assets22/27€1.99M€3.08M▲
Land and buildings22€1.89M€1.83M▼
Plant, machinery and equipment23€975€1.15M▲
Furniture and vehicles24€0-
Other tangible fixed assets26€100k€100k=
Financial fixed assets28€875k€3.18M▲
Current assets29/58€7.11M€7.35M▲
Stocks and contracts in progress3-€370k
Stocks30/36-€370k
Amounts receivable within one year40/41€5.55M€5.58M▲
Trade receivables40€1.49M€38k▼
Other amounts receivable41€4.06M€5.55M▲
Current investments50/53€750k€0▼
Cash at bank and in hand54/58€791k€1.38M▲
Deferred charges and accrued income490/1€21k€15k▼
Equity and liabilities
Total equity and liabilities10/49€10.20M€14.54M▲
Equity10/15€8.64M€11.23M▲
Contributions10/11€50k€50k=
Reserves13€8.59M€11.18M▲
Tax-exempt reserves132€435€0▼
Distributable reserves133€8.59M€11.18M▲
Provisions and deferred taxes16€145€0▼
Deferred taxes168€145€0▼
Amounts payable17/49€1.56M€3.31M▲
Amounts payable after more than one year17€748k€536k▼
Financial debts170/4€748k€536k▼
Amounts payable within one year42/48€782k€2.77M▲
Current portion of amounts payable after more than one year42€211k€214k▲
Trade debts44€17k€2.31M▲
Suppliers440/4€17k€2.31M▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€291k€246k▼
Taxes450/3€279k€239k▼
Remuneration and social security454/9€12k€7k▼
Other amounts payable47/48€262k€0▼
Accrued charges and deferred income492/3€32k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€96k€95k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€143k▼
Other operating charges640/8€49k€32k▼
Gross operating margin9900€1.44M€1.04M▼
Operating profit (loss)9901€1.15M€769k▼
Financial income75/76B€2.05M€2.05M▼
Recurring financial income75€2.05M€2.05M▼
Financial charges65/66B€49k€14k▼
Recurring financial charges65€49k€14k▼
Profit (loss) for the period before taxes9903€3.15M€2.80M▼
Transfer from deferred taxes780€29€145▲
Income taxes67/77€307k€214k▼
Profit (loss) for the period9904€2.84M€2.59M▼
Transfer from tax-exempt reserves789€1k€435▼
Profit (loss) for the period to be appropriated9905€2.84M€2.59M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.84M€2.59M▼
Transfer to equity691/2€2.84M€2.59M▼
To other reserves6921€2.84M€2.59M▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €10MEq €11.23M ▲30%
8 profitable years in a row build equity to €11.23M.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €2.84M ▲37.2%
Operating result €1.15M, net result €2.84M, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €5MEq €5.80M ▲55.6%
6 profitable years in a row build equity to €5.80M.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.82
Current ratio from 1.06 to 2.82.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.04M ▲39.4%
4 profitable years in a row build equity to €2.04M.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.46M ▲64.4%
3 profitable years in a row build equity to €1.46M.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Wielsbeke · 1 establishment unit since 2026
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijksweg 4428710 WielsbekeGround area
2.1 ha
Building footprint
2,428 m²
Volume, LiDAR
19,098 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vervaeke Fibre
since 20262.385.171.404
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0309/00P000 | Flanders | 1.6 ha | 1 · 2,428 m² | 11.3 m · 3 fl. |
| 37017A0123/00F002 | Flanders | 4,707 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400F4RWBIZU72JK12
Similar companies · same sector, comparable size
Vlasvezelbedrijf Léon Vandecasteele-Entreprise linière Léon Vandecasteele
BE 0412.691.052
Lendelede · Eq €11.16M
DEVALIN
BE 0453.961.879
Wevelgem · Eq €10.76M
LUC TACK
BE 0405.171.275
Wielsbeke · Eq €10.60M
CALLIN
BE 0428.454.641
Mouscron · Eq €11.90M
PROCOTEX CORPORATION
BE 0453.139.458
Mouscron · Eq €10.56M
Of 210 companies in sector 13100 we hold annual accounts for 139. 71 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2013
Fiscal year end31-12
Legal name NL
Vervaeke Fibers
Activities, NACEBEL 2025
13100Manufacture of textiles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
64210Activities of holding companies
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.