LASSANCE ET FILS

Active Risk: low

Private limited companyfounded 200026 yrs activeMarche, Chaussée de Liège 36, 6900 Marche-en-Famenne, BelgiumKBO/BCE: BE 0470.580.652

LASSANCE ET FILS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €79k and a net result of €-13k. The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

No current score

Figures too old

The available figures for FY 2019 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2019 · tick = 2018

Profitability31▼-1

Solvency41▼-2

Growth32

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2019

Solvency, return and age of the figures

Solvency

15.9%

Return on assets

-2.7%

Age of the figures

81 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

No filing for years

The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2020 close31-07-2021 deadline19-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 26-08-2020, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

26 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, micro schema

Equity

€79k▼ 14.6%

2018 · €92k

2018: €92k

2018 → 2019

Total assets

€493k▼ 4.3%

2018 · €515k

2018: €515k

2018 → 2019

Net result

€-13k▼ 9.2%

2018 · €-12k

2018: €-12k

2018 → 2019

Working capital

€-50k▼ 20.6%

2018 · €-41k

2018: €-41k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Equity€92k-€79k▼ 14.6%

Operating result€2k-€8k▲ 310%

Net result€-12k-€-13k▼ 9.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2019; 2019 is 310% above 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €493k

70.6%

29.4%

Fixed assets €348k▼ 8.4%

Current assets €145k▲ 7.5%

Equity and liabilities €493k

15.9%

84.1%

Equity €79k▼ 14.6%

Debt €415k▼ 2.0%

The debt ratio rises from 82.1% to 84.1%. Equity and debt are lower.

Key figures and ratios

2019 value · change against 2018

EBITDA

€43k▲

2018 · €38k

Cash flow

€21k▼

2018 · €24k

Solvency

15.9%▼

2018 · 17.9%

Current ratio

0.74▼

2018 · 0.77

Quick ratio

0.74▼

2018 · 0.77

Debt / equity

2.80▲

2018 · 2.68

ROE

-17.1%▼

2018 · -13.4%

ROA

-2.7%▼

2018 · -2.4%

Debt

€415k▼

2018 · €423k

Debt ≤ 1 year

€195k▲

2018 · €176k

Debt > 1 year

€220k▼

2018 · €247k

Income taxes

€16k▲

2018 · €8k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2019 against 2018

Balance sheet Code20182019

Assets

Total assets20/58€515k€493k▼

Fixed assets21/28€380k€348k▼

Intangible fixed assets21€46k€36k▼

Tangible fixed assets22/27€334k€312k▼

Financial fixed assets28€200€200=

Current assets29/58€135k€145k▲

Amounts receivable within one year40/41€133k€130k▼

Cash at bank and in hand54/58€10€510▲

Equity and liabilities

Total equity and liabilities10/49€515k€493k▼

Equity10/15€92k€79k▼

Contributions10/11€6k€6k=

Reserves13€44k€44k=

Profit (loss) carried forward14€42k€28k▼

Amounts payable17/49€423k€415k▼

Amounts payable after more than one year17€247k€220k▼

Amounts payable within one year42/48€176k€195k▲

Trade debts44€20k€37k▲

Income statement Code20182019

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€35k▼

Gross operating margin9900€80k€84k▲

Operating profit (loss)9901€2k€8k▲

Recurring financial income75€6k€5k▼

Recurring financial charges65€12k€10k▼

Profit (loss) for the period before taxes9903€-4k€3k▲

Income taxes67/77€8k€16k▲

Profit (loss) for the period9904€-12k€-13k▼

Profit (loss) for the period to be appropriated9905€-12k€-13k▼

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