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EUROPEAN LASER APPLICATIONS SYSTEMS

Active
Private limited companyfounded 198937 years activeSlachthuisstraat 53-59, 7700 Mouscron, BelgiumKBO/BCE: BE 0436.952.732
Summary

The computed 12-month bankruptcy probability of EUROPEAN LASER APPLICATIONS SYSTEMS is 2.5% (moderate). The 2025 annual accounts show equity of €1.8m and a net result of -€609,602. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 16% of 380 sector peers (NACE 28, fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28410
1 site
Size
€13.2mturnover 2025
Staff
14.7 FTE
Equity
€1.8m
Loss
-€609,602
Financial health
49 Fair Checked score 2025
Bankruptcy probability, 12 months
2.5%
Structure
Parent
Haco · 99.99%
Board
2 members
Auditor: Degryse JanAccounts filed 38 days late4 of 16 deeds read
Why 49- Liquidity: current ratio 1.17, cash €329,421- Equity €1.8m (18.0% of total assets)- Size: turnover €13.2m, 14.7 FTE, total assets €10.2m- Loss of €609,602, the second in a row (FY 2025)Show the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 28, small)
Financial strength · tick = 2024
Weak
Solvency 43-1
equity 18.0% of total assets
Liquidity 9=
short-term debt 81.6% · cash 3.2%
Profitability 10-17
return on assets -6.0%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (292 companies)
Last 24 months 11-2024: 1.8% 12-2024: 1.1%▼ -0.7 percentage points vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025lowest value 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.1%● unchanged vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.3%▲ +0.2 percentage points vs 09-2025 11-2025: 1.9%▲ +0.6 percentage points vs 10-2025 12-2025: 2.4%▲ +0.5 percentage points vs 11-2025 01-2026: 2.3%▼ -0.1 percentage points vs 12-2025 02-2026: 2.3%● unchanged vs 01-2026 03-2026: 2.3%● unchanged vs 02-2026 04-2026: 2.3%● unchanged vs 03-2026 05-2026: 2.2%▼ -0.1 percentage points vs 04-2026 06-2026: 2.2%● unchanged vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 2.2%● unchanged vs 07-2026 09-2026: 2.2%● unchanged vs 08-2026 10-2026: 2.5%▲ +0.3 percentage points vs 09-2026highest value
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.19 in 2024; short-term debt: 81.6% and cash: 3.2% of total assets), and 82% of the assets are financed with debt.
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 28, small): better than 13% on solvency, 6% on liquidity, 10% on profitability and 9% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Seven signals.
+raises risk○neutral
raises risk · Liquidity: current ratio 1.17, cash €329,421
NBB · annual accounts
raises risk · Equity €1.8m (18.0% of total assets)
NBB · annual accounts
raises risk · Size: turnover €13.2m, 14.7 FTE, total assets €10.2m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €609,602, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€609,602
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 380 sector peers (2025).
NBB · sector comparison
Position among 380 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-12-2025, 38 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
38 days late
2024
3 days early
2023
1 day early
2022
35 days early
2021
26 days early
2020
9 days late
2019
1 day 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 3 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close07-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointment: DEGRYSE Jan (commissaire aux comptes)Auditor report · Transfer of…
  2. Reappointment: SA Callens Vandelanotte (statutory auditor)Power of attorney
  3. Appointments: HACO (administrateur non statutaire) and…Permanent representatives: HAVEGEER Kurt Ben…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€609,602 View
  • Caution: Result fell in 2025from -€259,034 to -€609,602 ▼ 135% View
  • Caution: Among the weakest 10% on net resultsector median €142,308 · 380 companies -€609,602 View
  • Controlled by Haco 99.99% View
  • New directorslatest change 22-07-2026 · 2 in office 2 joined View

By topic

Financials

Fiscal year
2025
Turnover
€13.2m
Loss
-€609,602
Solvency
18.0%
Turnover▼ 37.2%
Net result
20222025
Go to Financials

Timeline

Events
15
Since
2016
Next accounts
by 31-10-2026
  1. 21-05-2026Capital & shares · Statutes amendment ·…
  2. 08-12-2025Annual accounts filed
  3. 31-03-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28410
Founded
21-03-1989
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
10
Who signs
Each director alone
Annual meeting
First Friday of September at 11:00
Purpose
La conception et la construction de machines utilisant des sources laser; La construction…
Go to Articles of association

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