ACTIVE

Lareco Infra

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Financial year 2025 · closed on 31/12/2025

Net result

171,1 k €

+190.9% YoY

Revenue

22,3 M €

+9.2% YoY

Equity

3,4 M €

+5.4% YoY

Workforce

76,4 ETP

+5.1% YoY

What does Lareco Infra do?

Lareco Infra is a Public limited company incorporated in 1979. Its main activity is: Construction of roads and motorways. Its registered office is in Bornem. It employs on average 76,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.320.310

Incorporation

07/03/1979

Legal form

Public limited company

Registered office

Puursesteenweg(BOR) 384
2880 Bornem · FlandreSee on map

Contributed capital

780 000,00 €

Latest accounts

31/12/2025

Average workforce

76,4 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 43120Site preparation 43120Site preparation 45112Sale of cars and light motor vehicles 45230Maintenance and repair of motor vehicles+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	22,3 M €	+9.2%	20,4 M €	-12.2%	23,3 M €	+9.8%	21,2 M €	+45.6%	14,6 M €	-18.1%	17,8 M €	+15.3%	15,4 M €	-21.3%	19,6 M €	+28.6%	15,2 M €	+4.4%	14,6 M €	-11.6%	16,5 M €	+9.8%	15 M €	-6.1%	16 M €	+5.2%	15,2 M €	+28.7%	11,8 M €	+72.4%	6,9 M €	-62.0%	18 M €	+53.4%	11,8 M €	-9.0%	12,9 M €
EBITDA	646,6 k €	-26.7%	882,6 k €	-50.6%	1,8 M €	+68.8%	1,1 M €	+29.2%	819,7 k €	-9.4%	904,5 k €	+80.0%	502,6 k €	-15.1%	591,9 k €	+93.5%	305,8 k €	-41.9%	526,5 k €	+32.9%	396,2 k €	+71.4%	231,2 k €	-38.5%	375,9 k €	+112%	177,6 k €	-22.8%	230,1 k €	-6.7%	246,6 k €	-62.1%	649,9 k €	+4.4%	622,2 k €	+1.4%	613,8 k €
Operating result	115,6 k €	-63.8%	319 k €	-69.9%	1,1 M €	+154%	416,5 k €	+61.8%	257,5 k €	-25.6%	346,2 k €	+848%	36,5 k €	-78.5%	170 k €	+672%	22 k €	-91.9%	272,4 k €	+108%	130,8 k €	+267%	-78,3 k €	-292%	40,9 k €	+174%	-55,4 k €	+30.1%	-79,2 k €	+47.0%	-149,3 k €	-1582%	10,1 k €	-84.7%	66 k €	-48.7%	128,7 k €
Net result	171,1 k €	+191%	58,8 k €	-90.7%	635,4 k €	+195%	215,6 k €	+28.3%	168 k €	-16.1%	200,3 k €	+9144%	2,2 k €	-99.3%	296,5 k €	+1288%	21,4 k €	-86.4%	157,1 k €	+154%	62 k €	+14.3%	54,2 k €	+51.4%	35,8 k €	-78.3%	165,3 k €	+481%	28,4 k €	+220%	-23,7 k €	-168%	34,7 k €	-43.7%	61,6 k €	-74.6%	242,5 k €
Balance sheet
Equity	3,4 M €	+5.4%	3,2 M €	+1.9%	3,1 M €	+25.5%	2,5 M €	+9.5%	2,3 M €	-1.4%	2,3 M €	-4.1%	2,4 M €	+0.1%	2,4 M €	+14.0%	2,1 M €	+1.0%	2,1 M €	+8.1%	1,9 M €	+3.3%	1,9 M €	+3.0%	1,8 M €	+2.0%	1,8 M €	+10.2%	1,6 M €	+1.8%	1,6 M €	+1.9%	1,6 M €	-12.2%	1,8 M €	+3.6%	1,7 M €
Total assets	9,9 M €	+2.0%	9,7 M €	+3.2%	9,4 M €	+7.5%	8,7 M €	+19.3%	7,3 M €	+14.5%	6,4 M €	-2.6%	6,5 M €	-9.9%	7,3 M €	+13.3%	6,4 M €	+15.9%	5,5 M €	-37.5%	8,9 M €	+27.1%	7 M €	+6.6%	6,5 M €	-8.5%	7,1 M €	+19.8%	6 M €	+42.4%	4,2 M €	-49.0%	8,2 M €	+5.9%	7,7 M €	-11.9%	8,8 M €
Cash	8,9 k €	-75.1%	35,5 k €	-93.2%	525,2 k €	+16.0%	452,7 k €	+749%	53,3 k €	+70.8%	31,2 k €	-67.2%	95,1 k €	+477%	16,5 k €	-32.2%	24,3 k €	-96.8%	767,2 k €	+159%	295,7 k €	+269%	80,1 k €	-50.3%	161 k €	+13.2%	142,2 k €	-79.4%	690,1 k €	+139%	288,7 k €	+17.1%	246,5 k €	-51.3%	506,1 k €	+468%	89,2 k €
Debts	6,4 M €	+0.8%	6,3 M €	+9.2%	5,8 M €	-0.6%	5,8 M €	+20.8%	4,8 M €	+35.5%	3,6 M €	+1.5%	3,5 M €	-21.0%	4,4 M €	+17.0%	3,8 M €	+24.2%	3,1 M €	-52.2%	6,4 M €	+36.5%	4,7 M €	+12.5%	4,2 M €	-9.1%	4,6 M €	+23.9%	3,7 M €	+63.4%	2,3 M €	-55.5%	5,1 M €	+10.9%	4,6 M €	-12.9%	5,3 M €
Other
Workforce	76,4 ETP	+5.1%	72,7 ETP	+5.4%	69,0 ETP	+3.8%	66,5 ETP	-9.5%	73,5 ETP	+1.2%	72,6 ETP	-3.5%	75,2 ETP	-0.9%	75,9 ETP	+9.1%	69,6 ETP	+3.9%	67,0 ETP	+3.1%	65,0 ETP	-4.4%	68,0 ETP	-0.1%	68,1 ETP	-6.8%	73,1 ETP	+4.7%	69,8 ETP	+10.8%	63,0 ETP	-23.1%	81,9 ETP	+11.6%	73,4 ETP	+16.3%	63,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

ROBEN CONSULT

Director · since 01 décembre 2021 · until 20 juin 2027 · 0879.799.601

Represented by Michiel Smid

Active

Ended mandates

Jonathan Schagen

Director · since 24 mai 2017 · until 24 mai 2023

Ended

Michiel Smid

Managing director · since 24 mai 2017 · until 24 mai 2023

Ended

Ronald Philipse

Director · since 24 mai 2017 · until 24 mai 2023

Ended

Johan Schagen

Director · since 24 mai 2015 · until 24 mai 2017

Ended

At this address

Other companies at this address

Company	CBE no.
BTW Eenheid LARECO● Active	1036.915.845
Recy-Mix● Active	0674.367.556
ROBEN CONSULT● Active	0879.799.601
Tijdelijke Maatschap Lareco Infra- Verhofsté● Active	1042.377.737
TM Lareco-S-Construct● Active	1008.044.784

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2026	27/06/2025	21/06/2024	06/07/2023	23/06/2022	08/06/2021
General meeting	30/06/2026	20/06/2025	20/06/2024	06/07/2023	20/06/2022	24/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	08/07/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	27/06/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	21/06/2024	Dutch	PDF
Full model	31/12/2022	06/07/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	24/05/2021	08/06/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	24/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	24/05/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	24/05/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	24/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	18/08/2015	24/08/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	24/05/2013	05/06/2013	Dutch	PDF
Full model	31/12/2011	24/05/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	24/05/2011	08/06/2011	Dutch	PDF
Full model	31/12/2009	25/05/2010	24/06/2010	Dutch	PDF
Full model	31/12/2008	25/05/2009	03/06/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	24/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

ROBEN CONSULT

Director · since 01 décembre 2021 · until 20 juin 2027 · 0879.799.601

Represented by Michiel Smid

Active

Ended mandates

Jonathan Schagen

Director · since 24 mai 2017 · until 24 mai 2023

Ended

Michiel Smid

Managing director · since 24 mai 2017 · until 24 mai 2023

Ended

Ronald Philipse

Director · since 24 mai 2017 · until 24 mai 2023

Ended

Johan Schagen

Director · since 24 mai 2015 · until 24 mai 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates06/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025171,1 k €↑
2024
Annual accounts 202458,8 k €↓
2023
Annual accounts 2023635,4 k €↑
2022
Annual accounts 2022215,6 k €↑
2021
Annual accounts 2021168 k €↓
2021
Name changeLARECO INFRA
2020
Annual accounts 2020200,3 k €↑
2019
Annual accounts 20192,2 k €↓
2018
Annual accounts 2018296,5 k €↑
2017
Annual accounts 201721,4 k €↓
2016
Annual accounts 2016157,1 k €↑
2015
Annual accounts 201562 k €↑
2014
Annual accounts 201454,2 k €↑
2013
Annual accounts 201335,8 k €↓
2012
Annual accounts 2012165,3 k €↑
2011
Annual accounts 201128,4 k €↑
2010
Annual accounts 2010-23,7 k €↓
2008
Annual accounts 200834,7 k €↓
2007
Annual accounts 200761,6 k €↓
2006
Annual accounts 2006242,5 k €
2006
Name changeLARECO - BORNEM
07/03/1979
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Lareco Infra

Overview

What does Lareco Infra do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline