ACTIVE

LACOR

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Financial year 2025 · closed on 30/09/2025

Net result

-1,8 M €

+47.0% YoY

Gross margin

-7,5 €

+99.9% YoY

Equity

2,4 M €

-42.7% YoY

What does LACOR do?

LACOR is a Public limited company incorporated in 1987. Its registered office is in Dilbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.302.769

Incorporation

19/10/1987

Legal form

Public limited company

Registered office

Snijbos 17
1702 Dilbeek · FlandreSee on map

Contributed capital

6 000 000,00 €

Latest accounts

30/09/2025

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-7,5 €	+99.9%	-6,1 k €	-382%	-1,3 k €	-139%	-528 €	+28.3%	-736,5 €	-256%	471,8 €	+151%	-929,5 €	-115%	6,2 k €	-93.3%	92,6 k €	-20.0%	115,8 k €	-52.7%	245 k €	-18.8%	301,7 k €	+1.6%	297 k €	-0.5%	298,5 k €	+2.7%	290,6 k €	+711%	35,9 k €	+207%	-33,4 k €
EBITDA	-1,2 k €	+81.0%	-6,2 k €	-118%	-2,8 k €	-67.7%	-1,7 k €	-2.4%	-1,7 k €	-182%	-588,7 €	+77.9%	-2,7 k €	-143%	6,2 k €	+1098%	518,1 €	-78.2%	2,4 k €	-97.2%	85,5 k €	-64.2%	239,1 k €	+1.9%	234,6 k €	+0.6%	233,1 k €	-3.3%	241,2 k €	+616%	33,7 k €	+196%	-35,1 k €
Operating result	-1,2 k €	+81.0%	-6,2 k €	-118%	-2,8 k €	-67.7%	-1,7 k €	-2.4%	-1,7 k €	-182%	-588,7 €	+77.9%	-2,7 k €	-143%	6,2 k €	+1098%	518,1 €	-78.2%	2,4 k €	-97.0%	79,8 k €	-65.8%	233,4 k €	+2.0%	228,9 k €	+0.6%	227,5 k €	-2.0%	232,2 k €	+665%	30,4 k €	+187%	-35,1 k €
Net result	-1,8 M €	+47.0%	-3,3 M €	-829%	-356,4 k €	-24193%	-1,5 k €	+10.0%	-1,6 k €	-1171%	152,2 €	+105%	-2,9 k €	-105%	58,8 k €	+10217%	570,3 €	+21.3%	470,3 €	-98.9%	42,8 k €	-70.6%	145,4 k €	+6.5%	136,5 k €	-67.6%	420,7 k €	+168%	157,2 k €	+689%	-26,7 k €	+69.7%	-88 k €
Balance sheet
Equity	2,4 M €	-42.7%	4,1 M €	-44.6%	7,4 M €	-4.6%	7,8 M €	-0.0%	7,8 M €	-0.0%	7,8 M €	+0.0%	7,8 M €	-0.0%	7,8 M €	+0.8%	7,7 M €	+0.0%	7,7 M €	+0.0%	7,7 M €	+0.2%	7,7 M €	+1.9%	7,6 M €	+1.8%	7,4 M €	+6.0%	7 M €	+2.3%	6,9 M €	-0.4%	6,9 M €
Total assets	2,4 M €	-42.7%	4,1 M €	-45.4%	7,5 M €	-4.4%	7,9 M €	+0.0%	7,9 M €	+0.0%	7,9 M €	-1.9%	8 M €	+0.0%	8 M €	+0.1%	8 M €	-0.1%	8 M €	+0.4%	8 M €	-1.9%	8,1 M €	+1.5%	8 M €	-1.2%	8,1 M €	-0.9%	8,2 M €	-3.9%	8,5 M €	-3.1%	8,8 M €
Cash	2,6 k €	+4029%	62,4 €	+311%	15,2 €	-86.2%	109,9 €	-77.0%	477,7 €	-23.1%	621,2 €	+45.0%	428,3 €	-85.6%	3 k €	-65.6%	8,7 k €	+70.3%	5,1 k €	-26.3%	6,9 k €	+26.6%	5,5 k €	+254%	1,5 k €	-91.3%	17,7 k €	-65.7%	51,6 k €	+510%	8,5 k €	+24.2%	6,8 k €
Debts	957,1 €	+42.6%	671,1 €	-99.4%	106,3 k €	+6.8%	99,6 k €	+2.5%	97,1 k €	+2.8%	94,5 k €	-61.2%	243,7 k €	+2.6%	237,4 k €	+3.8%	228,8 k €	-4.6%	239,7 k €	+19.4%	200,7 k €	-50.2%	403 k €	-10.3%	449,3 k €	-35.1%	692,3 k €	-41.8%	1,2 M €	-28.9%	1,7 M €	-12.8%	1,9 M €
Other
Workforce	–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	+81.8%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 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 30/09/2025 · 3 active · 9 ended

Active mandates

INCOBO

Manager · since 21 décembre 2023 · 0461.643.586

Represented by Arthur Djelassi

Active

Coralie Boulez

Director · since 08 janvier 2015

Active

Ismael Djelassi

Manager · since 08 janvier 2015 · until 21 décembre 2023

Active

Ended mandates

Coralie Boulez

Manager · since 08 janvier 2015

Ended

INCOBO

Manager · since 08 janvier 2015 · 0461.643.586

Represented by Coralie Boulez

Ended

Ismael Djelassi

Manager · since 08 janvier 2015

Ended

FRANCOISE VANDERSMISSEN

Administrator - manager · since 11 novembre 2008 · until 08 janvier 2015

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	29/04/2025	15/01/2026	01/07/2023	29/04/2022	30/05/2021
General meeting	04/03/2026	04/03/2025	05/03/2024	30/06/2023	30/03/2022	25/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	04/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	04/03/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	05/03/2024	15/01/2026	Dutch	PDF
Abridged model	30/09/2022	30/06/2023	01/07/2023	Dutch	PDF
Abridged model	30/09/2021	30/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	25/03/2021	30/05/2021	Dutch	PDF
Abridged model	30/09/2019	30/03/2020	10/06/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	02/05/2019	Dutch	PDF
Abridged model	30/09/2017	28/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	30/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	28/08/2016	Dutch	PDF
Abridged model	31/03/2014	02/09/2014	16/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	04/09/2012	30/10/2012	Dutch	PDF
Abridged model	31/03/2011	06/09/2011	22/09/2011	Dutch	PDF
Abridged model	31/03/2010	07/09/2010	03/12/2010	Dutch	PDF
Abridged model	31/03/2009	28/09/2009	28/10/2009	Dutch	PDF
Abridged model	31/03/2008	18/09/2008	16/10/2008	Dutch	PDF
Abridged model	31/03/2007	04/09/2007	25/09/2007	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 30/09/2025 · 3 active · 9 ended

Active mandates

INCOBO

Manager · since 21 décembre 2023 · 0461.643.586

Represented by Arthur Djelassi

Active

Coralie Boulez

Director · since 08 janvier 2015

Active

Ismael Djelassi

Manager · since 08 janvier 2015 · until 21 décembre 2023

Active

Ended mandates

Coralie Boulez

Manager · since 08 janvier 2015

Ended

INCOBO

Manager · since 08 janvier 2015 · 0461.643.586

Represented by Coralie Boulez

Ended

Ismael Djelassi

Manager · since 08 janvier 2015

Ended

FRANCOISE VANDERSMISSEN

Administrator - manager · since 11 novembre 2008 · until 08 janvier 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other10/04/2015
ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other10/04/2015
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/01/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/10/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares27/10/2008
TRANSFORMATION EN SOCIETE EN COMMANDITE PAR ACTIONS -
PDF
Other22/04/2008
UITBREIDING DOEL - WIJZIGING STATUTEN.
PDF
Mandates13/10/2005
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 2025-1,8 M €↑
2024
Annual accounts 2024-3,3 M €↓
2023
Annual accounts 2023-356,4 k €↓
2022
Annual accounts 2022-1,5 k €↑
2021
Annual accounts 2021-1,6 k €↓
2020
Annual accounts 2020152,2 €↑
2019
Annual accounts 2019-2,9 k €↓
2018
Annual accounts 201858,8 k €↑
2017
Annual accounts 2017570,3 €↑
2016
Annual accounts 2016470,3 €↓
2015
Annual accounts 201542,8 k €↓
2014
Annual accounts 2014145,4 k €↑
2013
Annual accounts 2013136,5 k €↓
2012
Annual accounts 2012420,7 k €↑
2011
Annual accounts 2011157,2 k €↑
2010
Annual accounts 2010-26,7 k €↑
2009
Annual accounts 2009-88 k €
19/10/1987
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

LACOR

Overview

What does LACOR do?

Trend over 17 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