Financials
- Financial year
- 2025
- Total assets
- €310,755
- Loss
- -€358,763
- Solvency
- 74.2%
Turnover▼ 54.9%
Net result
20182020
LAGAUT
ActiveSummary
The computed 12-month bankruptcy probability of LAGAUT is 5.2% (elevated). The annual accounts of LAGAUT for financial year 2025 show a net loss of 115% of total assets and of 430% of the equity at the start of that year. The 2025 annual accounts show equity of €230,626 and a net result of -€358,763. Equity is shrinking by about 24% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 85% of 1,110 sector peers (NACE 93, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Sports, amusement and recreation activities
NACE 93293Gambling and betting activities NACE 92000
1 site
Size
€310,755total assets 2025
- Staff
- 4.5 FTE
- Equity
- €230,626
- Loss
- -€358,763
Equity +177%: capital increase
Structure
- Parent
- NAPOLEON GAMES · 100%
- Holdings
- 1
- GPFI SRLDirector · permanent representative Massimo Menegalli
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises2025 accounts filed 81 days late
Why 39raises risk2 changes of registered office in 24 monthsLoss of €358,763, the second in a row (financial year 2025)Last filed accounts filed 81 days late; 1 of the last 3 latelowers riskFounded in 1987Show the evidence
Checked score
Score 2025
39
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 57% of its sector peers (NACE 93, micro)
Financial strength · tick = 2024
Average
Solvency
99+46
equity 74.2% of total assets
Liquidity
46+22
short-term debt 25.8% · cash 4.9%
Profitability
0=
return on assets -115.4%
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● unchanged vs 11-2024
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025lowest value
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 2.0%▲ +1.3 percentage points vs 06-2025
08-2025: 2.0%● unchanged vs 07-2025
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 1.9%▼ -0.1 percentage points vs 02-2026
04-2026: 2.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.9%▼ -0.1 percentage points vs 04-2026
06-2026: 2.0%▲ +0.1 percentage points vs 05-2026
07-2026: 2.1%▲ +0.1 percentage points vs 06-2026
08-2026: 2.5%▲ +0.4 percentage points vs 07-2026
09-2026: 2.8%▲ +0.3 percentage points vs 08-2026
10-2026: 5.2%▲ +2.4 percentage points vs 09-2026highest value
Credit of up to €8,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.55, compared with 0.38 in 2024, above the usual 1.5; short-term debt: 25.8% and cash: 4.9% of total assets), and 25.8% 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 93, micro): better than 84% on solvency, 42% on liquidity, 7% on profitability and 95% on growth.
The bankruptcy probability was computed on 25-10-2026 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
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €230,626
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-10-2026, 81 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
81 days late
2024
55 days early
2023
54 days early
2022
52 days early
2021
32 days early
2020
43 days early
2019
43 days early
← 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 28 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% 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 9 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move · Power of…
- Resignations: PIVANTO SRL (director) and ODDS…Appointment: GPFI SRL (director) ·…
Key points
- Risk: 8 loss-making years in a rowloss financial year 2025 -€358,763 View
- Positive: Equity rose in 2025capital increase ▲ 177% View
- Caution: Among the weakest 5% on net resultsector median €11,201 · 1,110 companies -€358,763 View
- Caution: Board changedlatest change 26-08-2026 · 1 in office 1 joined · 1 left View
- Caution: Latest accounts filed lateafter the legal deadline 81 days View
- Controlled by NAPOLEON GAMESultimately: SB Lux Topco S.à.r.l. 100% View
By topic
Board & ownership
- Board
- 1 member
- Parent
- NAPOLEON GAMES · 100%
- Auditor
- Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
- GPFI SRLDirector
Network & group
- Group
- SB Lux Topco S.à.r.l.
- Holdings
- 1
- Connected companies
- 31
- Mergers and asset contributions
- 1
1 holding
Timeline
- Events
- 65
- Since
- 1989
- Next accounts
- by 31-07-2027
- 31-12-2025Weakest financial year
- 31-12-2025Liquidity more than quadruples
- 31-12-2025Equity above €200,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Sports, amusement and recreation activitiesNACE 93293
- Founded
- 20-11-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- “Huren, verhuren en exploiteren van drankgelegenheden en/of amusementslokalen, dit in de…” (deed in Dutch)
Key facts about LAGAUT
- What is the company number of LAGAUT?
- 0432.495.383. In Belgium the VAT number is the company number with BE in front: BE 0432.495.383.
- Where is LAGAUT based?
- The registered office is at Oorlogskruisenlaan 120, 1120 Brussel.Company details
- What does LAGAUT do?
- According to the KBO register, the main activity is sports, amusement and recreation activities (NACE 93293).
- What is the legal form of LAGAUT?
- Private limited company (BV).
- When was LAGAUT founded?
- On 20-11-1987.
- Is LAGAUT still active?
- Yes, LAGAUT is an active enterprise in the KBO register.
- How many employees does LAGAUT have?
- On average 4.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LAGAUT?
- €275,006 in financial year 2020, according to the filed annual accounts.
- Is LAGAUT profitable?
- In financial year 2025, LAGAUT made a loss of €358,763.
- Where can I find the annual accounts of LAGAUT?
- LAGAUT filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LAGAUT due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to LAGAUT
Parent and group
- NAPOLEON GAMES100%
- NAPOLEON GAMES SPORTS100%
- NGG100%
Subsidiaries and holdings
- M Lagaut50%
Comparable companies
- SPACE FUN GAMESUkkel
- GELMABeveren-Kruibeke-Zwijndrecht
- BEVEREN GOLFCLUBBeveren-Kruibeke-Zwijndrecht
- RODEKRUISPLEINWaregem
- COMEGISint-Jans-Molenbeek
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