LARSA
ActiveSummary
LARSA has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-33k. Its solvency ranks better than 12% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-38
Solvency29▼-2
Growth32
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.43 in 2024; short-term debt: 26.4% and cash: 3.2% of total assets), and 96.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 12%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
15 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€43k▼ 43.2%
2024 · €75k
2024: €75k
2025: €43k▼ -43.2% vs 2024
2024 → 2025
Total assets
€1.21M▼ 3.1%
2024 · €1.24M
2024: €1.24M
2025: €1.21M▼ -3.1% vs 2024
2024 → 2025
Net result
€-33k
2024 · €70k
2024: €70k
2025: €-33k▼ -146% vs 2024
2024 → 2025
Working capital
€-251k▼ 105%
2024 · €-122k
2024: €-122k
2025: €-251k▼ -105% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€75k-€43k▼ 43.2%
2024: €75k
2025: €43k▼ -43.2% vs 2024
Operating result€128k-€9k▼ 92.9%
2024: €128k
2025: €9k▼ -92.9% vs 2024
Net result€70k-€-33k
2024: €70k
2025: €-33k▼ -146% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.14M ▼ 1.3%
Current assets
€67k ▼ 26.6%
Equity and liabilities €1.21M
Equity
€43k ▼ 43.2%
Debt
€1.16M ▼ 0.5%
Debt's share of the balance-sheet total rises from 94.0% to 96.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €149k
Cash flow
€-4k▼
2024 · €92k
Current ratio
0.21▼
2024 · 0.43
Debt to equity
27.21▲
2024 · 15.54
ROE
-76.1%▼
2024 · 93.4%
ROA
-2.7%▼
2024 · 5.6%
Interest coverage
0.91▼
2024 · 4.19
Debt ≤ 1 year
€318k▲
2024 · €213k
Debt > 1 year
€845k▼
2024 · €956k
Income taxes
€890▼
2024 · €22k
Staff costs
€83k▲
2024 · €11k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.21M▼
Fixed assets21/28€1.15M€1.14M▼
Tangible fixed assets22/27€139k€124k▼
Furniture and vehicles24€10k€9k▼
Leasing and similar rights25€129k€115k▼
Financial fixed assets28€1.02M€1.02M=
Current assets29/58€91k€67k▼
Amounts receivable within one year40/41€42k€17k▼
Trade receivables40€42k€17k▼
Other amounts receivable41-€9
Cash at bank and in hand54/58€41k€38k▼
Deferred charges and accrued income490/1€8k€12k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.21M▼
Equity10/15€75k€43k▼
Contributions10/11€5k€5k=
Reserves13€70k€70k=
Distributable reserves133€70k€70k=
Profit (loss) carried forward14-€-33k
Amounts payable17/49€1.17M€1.16M▼
Amounts payable after more than one year17€956k€845k▼
Financial debts170/4€956k€845k▼
Amounts payable within one year42/48€213k€318k▲
Current portion of amounts payable after more than one year42€110k€121k▲
Trade debts44€12k€14k▲
Suppliers440/4€12k€14k▲
Taxes, remuneration and social security45€43k€55k▲
Taxes450/3€36k€41k▲
Remuneration and social security454/9€7k€14k▲
Other amounts payable47/48€49k€128k▲
Income statement
Code20242025
Remuneration, social security and pensions62€11k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€28k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€164k€125k▼
Operating profit (loss)9901€128k€9k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€36k€41k▲
Recurring financial charges65€36k€41k▲
Profit (loss) for the period before taxes9903€92k€-32k▼
Income taxes67/77€22k€890▼
Profit (loss) for the period9904€70k€-33k▼
Profit (loss) for the period to be appropriated9905€70k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€-33k▼
Transfer to equity691/2€70k-
To other reserves6921€70k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €11k | €83k | ▲ 629% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €28k | ▲ 28.7% |
| Other operating charges640/8 | €3k | €5k | ▲ 65.6% |
| Gross operating margin9900 | €164k | €125k | ▼ 23.7% |
| Operating profit (loss)9901 | €128k | €9k | ▼ 92.9% |
| Financial income75/76B | €0 | €0 | ▼ 33.3% |
| Recurring financial income75 | €0 | €0 | ▼ 33.3% |
| Financial charges65/66B | €36k | €41k | ▲ 14.3% |
| Recurring financial charges65 | €36k | €41k | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €92k | €-32k | ▼ 134% |
| Income taxes67/77 | €22k | €890 | ▼ 95.9% |
| Profit (loss) for the period9904 | €70k | €-33k | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €70k | €-33k | ▼ 146% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.24M | €1.21M | ▼ 3.1% |
| Fixed assets21/28 | €1.15M | €1.14M | ▼ 1.3% |
| Tangible fixed assets22/27 | €139k | €124k | ▼ 10.6% |
| Furniture and vehicles24 | €10k | €9k | ▼ 6.3% |
| Leasing and similar rights25 | €129k | €115k | ▼ 10.9% |
| Financial fixed assets28 | €1.02M | €1.02M | = |
| Current assets29/58 | €91k | €67k | ▼ 26.6% |
| Amounts receivable within one year40/41 | €42k | €17k | ▼ 59.3% |
| Trade receivables40 | €42k | €17k | ▼ 59.4% |
| Other amounts receivable41 | - | €9 | - |
| Cash at bank and in hand54/58 | €41k | €38k | ▼ 7.2% |
| Deferred charges and accrued income490/1 | €8k | €12k | ▲ 41.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.24M | €1.21M | ▼ 3.1% |
| Equity10/15 | €75k | €43k | ▼ 43.2% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €70k | €70k | = |
| Distributable reserves133 | €70k | €70k | = |
| Profit (loss) carried forward14 | - | €-33k | - |
| Amounts payable17/49 | €1.17M | €1.16M | ▼ 0.5% |
| Amounts payable after more than one year17 | €956k | €845k | ▼ 11.6% |
| Financial debts170/4 | €956k | €845k | ▼ 11.6% |
| Amounts payable within one year42/48 | €213k | €318k | ▲ 49.1% |
| Current portion of amounts payable after more than one year42 | €110k | €121k | ▲ 9.7% |
| Trade debts44 | €12k | €14k | ▲ 21.9% |
| Suppliers440/4 | €12k | €14k | ▲ 21.9% |
| Taxes, remuneration and social security45 | €43k | €55k | ▲ 28.1% |
| Taxes450/3 | €36k | €41k | ▲ 14.2% |
| Remuneration and social security454/9 | €7k | €14k | ▲ 100% |
| Other amounts payable47/48 | €49k | €128k | ▲ 162% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €-33k | ▼ 146% |
| + Depreciation and write-downs630 | €22k | €28k | ▲ 28.7% |
| Operating cash flow (approximation) | €92k | €-4k | ▼ 105% |
| Investment in fixed assets (approximation) | - | €-13k | - |
| Change in cash | - | €-3k | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Hasselt · 1 establishment unit since 2023
Ground area
1,029 m²
Building footprint
189 m²
Volume, LiDAR
652 m³
Parcel 71325F0877/00X000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LARSA
since 20232.349.461.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0877/00X000 | Flanders | 1,029 m² | 1 · 189 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 98 EUR awarded · 98 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 98 EUR | 98 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
73300Public relations and communication consultancy
82990Other business support services
85599Other education
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.