Van Laere
ActiveSummary
Van Laere has been active since 1938 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.70M and a net result of €1.69M. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-26
Solvency38▲+2
Growth58▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.55 in 2024; short-term debt: 69.9% and cash: 4.4% of total assets), and 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
12.7%
Return on assets
1.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 830 sector peers (2025).
NBB · sector comparisonPosition among 830 sector peers
Solvency
better than 19%
← weakest
strongest →
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 €12.70M
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
38 d early
2023
327 d late
2022
39 d early
2021
39 d early
2020
45 d early
2019
35 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, full schema
Turnover
€184.67M▲ 20.5%
2024 · €153.26M
2018: €110.09M
2019: €144.22M
2020: €189.24M
2021: €157.39M
2022: €141.48M
2023: €138.54M
2024: €153.26M
2018 → 2025
EBIT margin
0.1%▼ 1.9pp
2024 · 2.0%
2018: 1.0%
2019: 2.0%
2020: -1.7%
2021: -3.8%
2022: 0.3%
2023: 0.1%
2024: 2.0%
2018 → 2025
Net result
€1.69M▼ 45.0%
2024 · €3.07M
2018: €719k
2019: €2.67M
2020: €-4.18M
2021: €-6.28M
2022: €880k
2023: €-5k
2024: €3.07M
2018 → 2025
Working capital
€25.15M▼ 24.5%
2024 · €33.32M
2018: €-6.23M
2019: €2.93M
2020: €-446k
2021: €-3.28M
2022: €8.87M
2023: €7.55M
2024: €33.32M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€157.39M-€141.48M▼ 10.1%€138.54M▼ 2.1%€153.26M▲ 10.6%€184.67M▲ 20.5%
Equity€6.90M-€7.78M▲ 12.7%€7.94M▲ 2.1%€11.01M▲ 38.7%€12.70M▲ 15.3%
Operating result€-5.93M-€425k€87k▼ 79.5%€3.09M▲ 3,450%€186k▼ 94.0%
Net result€-6.28M-€880k€-5k€3.07M€1.69M▼ 45.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99.95M
Fixed assets
€4.97M ▲ 10.5%
Current assets
€94.98M ▲ 1.0%
Equity and liabilities €99.95M
Equity
€12.70M ▲ 15.3%
Provisions
€4.50M ▲ 133%
Debt
€82.75M ▼ 3.3%
Debt's share of the balance-sheet total falls from 86.9% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€634k▼
2024 · €3.64M
Cash flow
€2.14M▼
2024 · €3.62M
Current ratio
1.36▼
2024 · 1.55
Quick ratio
1.35▼
2024 · 1.52
Debt to equity
6.51▼
2024 · 7.77
ROE
13.3%▼
2024 · 27.9%
ROA
1.7%▼
2024 · 3.1%
Interest coverage
2.02▼
2024 · 12.66
Debt ≤ 1 year
€69.83M▲
2024 · €60.70M
Debt > 1 year
€438k▼
2024 · €470k
Income taxes
€-14k▼
2024 · €372k
Staff costs
€17.05M▲
2024 · €15.68M
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 · 97 lines
Balance sheet
Code20242025
Assets
Total assets20/58€98.53M€99.95M▲
Fixed assets21/28€4.50M€4.97M▲
Intangible fixed assets21€63k€33k▼
Tangible fixed assets22/27€1.69M€1.61M▼
Land and buildings22€587k€567k▼
Plant, machinery and equipment23€695k€685k▼
Furniture and vehicles24€410k€269k▼
Other tangible fixed assets26-€90k
Financial fixed assets28€2.75M€3.33M▲
Affiliated companies280/1€1.68M€2.72M▲
Participating interests280€1.68M€2.72M▲
Companies linked by participating interests282/3€527k€64k▼
Participating interests282€527k€64k▼
Other financial fixed assets284/8€542k€545k▲
Shares284€66k€66k=
Amounts receivable and cash guarantees285/8€476k€478k▲
Current assets29/58€94.03M€94.98M▲
Stocks and contracts in progress3€1.75M€625k▼
Stocks30/36€526k€529k▲
Raw materials and consumables30/31€526k€529k▲
Contracts in progress37€1.22M€95k▼
Amounts receivable within one year40/41€88.03M€89.78M▲
Trade receivables40€43.75M€40.62M▼
Other amounts receivable41€44.29M€49.16M▲
Cash at bank and in hand54/58€3.97M€4.40M▲
Deferred charges and accrued income490/1€271k€175k▼
Equity and liabilities
Total equity and liabilities10/49€98.53M€99.95M▲
Equity10/15€11.01M€12.70M▲
Contributions10/11€6.25M€6.25M=
Capital10€6.20M€6.20M=
Issued capital100€6.20M€6.20M=
Outside capital11€52k€52k=
Share premium1100/10€52k€52k=
Revaluation surpluses12€167k€167k=
Reserves13€9.12M€9.09M▼
Non-distributable reserves130/1€651k€651k=
Legal reserve130€620k€620k=
Other1319€32k€32k=
Tax-exempt reserves132€3.46M€3.43M▼
Distributable reserves133€5.01M€5.01M=
Profit (loss) carried forward14€-4.53M€-2.80M▲
Provisions and deferred taxes16€1.93M€4.50M▲
Provisions for liabilities and charges160/5€1.91M€4.50M▲
Other liabilities and charges164/5€1.91M€4.50M▲
Deferred taxes168€14k€0▼
Amounts payable17/49€85.59M€82.75M▼
Amounts payable after more than one year17€470k€438k▼
Financial debts170/4€470k€438k▼
Credit institutions173€470k€438k▼
Amounts payable within one year42/48€60.70M€69.83M▲
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€52.51M€55.24M▲
Suppliers440/4€52.51M€55.24M▲
Advances received on contracts in progress46€3.27M€6.82M▲
Taxes, remuneration and social security45€1.79M€1.75M▼
Taxes450/3€593k€550k▼
Remuneration and social security454/9€1.20M€1.20M▲
Other amounts payable47/48€3.11M€6.00M▲
Accrued charges and deferred income492/3€24.41M€12.48M▼
Income statement
Code20242025
Operating income70/76A€165.40M€190.52M▲
Turnover70€153.26M€184.67M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.00M€-4.71M▼
Other operating income74€11.08M€10.54M▼
Non-recurring operating income76A€68k€14k▼
Operating charges60/66A€162.31M€190.33M▲
Goods for resale, raw materials and consumables60€110.46M€133.44M▲
Purchases600/8€110.98M€133.97M▲
Change in stocks: decrease (increase)609€-526k€-529k▼
Services and other goods61€36.03M€36.27M▲
Remuneration, social security and pensions62€15.68M€17.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€546k€448k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€7k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-477k€2.56M▲
Other operating charges640/8€68k€533k▲
Non-recurring operating charges66A€2k€32k▲
Operating profit (loss)9901€3.09M€186k▼
Financial income75/76B€835k€2.02M▲
Recurring financial income75€835k€975k▲
Income from financial fixed assets750€8k€8k▼
Income from current assets751€694k€943k▲
Other financial income752/9€133k€24k▼
Non-recurring financial income76B-€1.04M
Financial charges65/66B€506k€545k▲
Recurring financial charges65€506k€545k▲
Debt charges650€287k€315k▲
Other financial charges652/9€219k€230k▲
Profit (loss) for the period before taxes9903€3.42M€1.66M▼
Transfer from deferred taxes780€22k€14k▼
Income taxes67/77€372k€-14k▼
Taxes670/3€373k€37k▼
Tax adjustments and reversals of tax provisions77€934€52k▲
Profit (loss) for the period9904€3.07M€1.69M▼
Transfer from tax-exempt reserves789€67k€34k▼
Profit (loss) for the period to be appropriated9905€3.14M€1.72M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4.53M€-2.80M▲
Profit (loss) brought forward from the previous period14P€-7.66M€-4.53M▲
Social balance
Average headcount (FTE)9087201.8201.0▼
The notes to these accounts (87 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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 327 days late
2024
31-12
Financial
Back to profitnet €3.07M
Net result €3.07M after one loss-making year.
31-12
Financial
Equity above €10MEq €11.01M ▲38.7%
Equity rises from €7.94M to €11.01M.
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €880k
Net result €880k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-6.28M
Net result drops to €-6.28M, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2013
11-01
State Gazette act
Capital increase · Share issue
Real estate · Power of attorney · Marc Van Nuffel
2011
18-03
State Gazette act
Incorporation · Founding capital
Bank account · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
40 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1938
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.
Baarbeek 142070 Beveren-Kruibeke-ZwijndrechtGround area
5,844 m²
Parcel 11011A0623/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Van Laere NV
since 19382.002.866.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0623/00H000indicative | Flanders | 5,844 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Oudergem
Antwerpen · indirect
controls
Van LaereBE 0405.073.285
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 9,583 EUR awarded · 9,583 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,238 EUR | 4,238 EUR |
| 2024 | 2 | 3,045 EUR | 3,045 EUR |
| 2023 | 1 | 2,300 EUR | 2,300 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Premie kwalificerend werkplekleren
Federal government
2024 · 2 entries · 357,322 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Mobiliteit | 2 | 357,322 EUR |
Budget allocations
Samenwerkingsakkoord Beliris - Kapitaalover- drachten Brussels Hoofdstedelijk Gewest
Recognitions · licences · registrations
Recognised contractor
21 categoriesVan Laere NV00102
Dual-learning approval
10 live approvals · 5 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Show 4 more
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
Show 5 ended approvals
Bekister (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Bekister (so)
Werfbediener (so)
Legal Entity Identifier
549300X0J9YDNO4FZI34
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,054. 180 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 formPublic limited company
Founded27-01-1938
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.