ACTIVE

LAVA

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Financial year 2025 · closed on 31/12/2025

Net result

-4,8 k €

-61.5% YoY

Gross margin

-2,6 k €

-4.9% YoY

Equity

1,7 M €

-0.3% YoY

What does LAVA do?

LAVA is a Public limited company incorporated in 1991. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.073.117

Incorporation

10/09/1991

Legal form

Public limited company

Registered office

Blankenbergse Steenweg 378
8000 Brugge · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-2,6 k €	-4.9%	-2,5 k €	-196%	2,6 k €	+205%	-2,4 k €	-101%	367,8 k €	+1345%	25,4 k €	-93.4%	385,1 k €	+564%	58 k €	-37.6%	92,9 k €	-15.9%	110,5 k €	+80.0%	61,4 k €	+2.8%	59,7 k €	-13.4%	69 k €	-15.0%	81,2 k €	-23.6%	106,2 k €	+110%	50,5 k €	+544%	7,8 k €	-79.6%	38,5 k €	-3.4%	39,8 k €	-12.4%	45,5 k €
EBITDA	-2,8 k €	-15.2%	-2,5 k €	-200%	2,4 k €	+196%	-2,5 k €	-101%	366,6 k €	+1411%	24,3 k €	-93.6%	377,4 k €	+577%	55,8 k €	-37.4%	89 k €	-12.1%	101,3 k €	+83.0%	55,3 k €	+3.0%	53,7 k €	-15.1%	63,3 k €	-10.8%	71 k €	-31.9%	104,2 k €	+142%	43,1 k €	+1043%	-4,6 k €	-119%	24,6 k €	-34.4%	37,4 k €	-12.9%	43 k €
Operating result	-2,8 k €	-15.2%	-2,5 k €	-200%	2,4 k €	+196%	-2,5 k €	-101%	366,6 k €	+2162%	16,2 k €	-95.6%	369,4 k €	+947%	35,3 k €	-48.5%	68,6 k €	-6.9%	73,7 k €	+211%	23,7 k €	+274%	6,3 k €	-63.0%	17,1 k €	-56.5%	39,3 k €	-45.8%	72,6 k €	+557%	-15,9 k €	+39.1%	-26 k €	-1967%	-1,3 k €	-111%	11,6 k €	-32.3%	17,2 k €
Net result	-4,8 k €	-61.5%	-3 k €	-102%	160,9 k €	+476%	-42,8 k €	-117%	246,7 k €	+2295%	10,3 k €	-95.8%	247,4 k €	+1018%	22,1 k €	-43.9%	39,5 k €	-2.7%	40,6 k €	-55.7%	91,7 k €	+2317%	-4,1 k €	-174%	5,6 k €	-79.5%	27,2 k €	-48.9%	53,2 k €	+1222%	4 k €	-98.6%	283,3 k €	+1716%	-17,5 k €	-1388%	1,4 k €	-80.6%	7 k €
Balance sheet
Equity	1,7 M €	-0.3%	1,7 M €	-0.2%	1,7 M €	+1.2%	1,6 M €	-2.5%	1,7 M €	+28.6%	1,3 M €	+0.8%	1,3 M €	+23.4%	1,1 M €	+2.1%	1 M €	+4.0%	994,2 k €	+4.3%	953,6 k €	+10.6%	861,9 k €	-0.5%	866 k €	+0.6%	860,5 k €	+3.3%	833,3 k €	+6.8%	780,1 k €	+0.5%	776,1 k €	+57.5%	492,8 k €	-3.4%	510,4 k €	+0.3%	509 k €
Total assets	1,7 M €	-5.0%	1,8 M €	-0.2%	1,8 M €	-1.3%	1,8 M €	-3.0%	1,8 M €	+17.9%	1,6 M €	-1.5%	1,6 M €	+22.9%	1,3 M €	-9.5%	1,4 M €	-6.2%	1,5 M €	-10.6%	1,7 M €	-9.7%	1,9 M €	-6.4%	2 M €	+26.4%	1,6 M €	+15.0%	1,4 M €	-26.5%	1,9 M €	+53.7%	1,2 M €	+32.7%	919,2 k €	-4.8%	965,6 k €	-2.5%	990,4 k €
Cash	6,1 k €	-0.2%	6,1 k €	-1.0%	6,2 k €	-87.1%	48 k €	+316%	11,5 k €	+53.6%	7,5 k €	-81.1%	39,7 k €	+681%	5,1 k €	-94.4%	91,5 k €	-82.1%	510,6 k €	+40.9%	362,3 k €	+4731%	7,5 k €	+20.9%	6,2 k €	-97.1%	212,6 k €	+166%	80 k €	+1302%	5,7 k €	-94.2%	98,9 k €	+20007%	491,9 €	+53.1%	321,3 €	-27.1%	440,8 €
Debts	4,5 k €	-94.9%	88,1 k €	0.0%	88,1 k €	+201%	29,2 k €	-28.7%	41 k €	-58.1%	98 k €	-25.2%	131 k €	-23.4%	171,1 k €	-47.0%	323 k €	-28.4%	451,1 k €	-31.8%	661,4 k €	-27.8%	916,2 k €	-11.6%	1 M €	+67.3%	619,8 k €	+41.8%	437,2 k €	-55.4%	980,8 k €	+200%	326,6 k €	-10.8%	366,3 k €	+3.4%	354,2 k €	-6.3%	378 k €

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 · 10 ended

Active mandates

THUYN INVEST

Director · 0633.815.123

Represented by Stefaan Thuyn

Active

Ended mandates

THUYN INVEST

Managing director · since 01 janvier 2016 · until 01 janvier 2022 · 0633.815.123

Represented by Stefaan Thuyn

Ended

THUYN INVEST

Managing director · since 01 janvier 2016 · until 01 janvier 2022 · 0633.815.123

Represented by Stefaan Thuyn

Ended

Geert Thuyn

Managing director · since 29 juin 2009 · until 29 juin 2015

Ended

GEERT THUYN

Director · since 29 juin 2009 · until 29 juin 2015

Ended

At this address

Other companies at this address

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BT CONSULT● Active	0825.578.579
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Exclusief Vastgoed● Active	0785.316.750
GRUUTEHOF● Active	0448.502.363
THUYN INVEST● Active	0633.815.123

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	21/09/2026	19/09/2025	30/09/2024	07/11/2023	25/10/2022	30/09/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/06/2026	21/09/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	19/09/2025	Dutch	PDF
Micro model	31/12/2023	24/06/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	07/11/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	25/10/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	29/11/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	18/09/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	28/09/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	30/06/2011	Dutch	PDF
Abridged modelCorrection	31/12/2009	28/06/2010	19/10/2010	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	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 · 10 ended

Active mandates

THUYN INVEST

Director · 0633.815.123

Represented by Stefaan Thuyn

Active

Ended mandates

THUYN INVEST

Managing director · since 01 janvier 2016 · until 01 janvier 2022 · 0633.815.123

Represented by Stefaan Thuyn

Ended

THUYN INVEST

Managing director · since 01 janvier 2016 · until 01 janvier 2022 · 0633.815.123

Represented by Stefaan Thuyn

Ended

Geert Thuyn

Managing director · since 29 juin 2009 · until 29 juin 2015

Ended

GEERT THUYN

Director · since 29 juin 2009 · until 29 juin 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Registered office24/11/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 2025-4,8 k €↓
2024
Annual accounts 2024-3 k €↓
2023
Annual accounts 2023160,9 k €↑
2022
Annual accounts 2022-42,8 k €↓
2021
Annual accounts 2021246,7 k €↑
2020
Annual accounts 202010,3 k €↓
2019
Annual accounts 2019247,4 k €↑
2018
Annual accounts 201822,1 k €↓
2017
Annual accounts 201739,5 k €↓
2016
Annual accounts 201640,6 k €↓
2015
Annual accounts 201591,7 k €↑
2014
Annual accounts 2014-4,1 k €↓
2013
Annual accounts 20135,6 k €↓
2012
Annual accounts 201227,2 k €↓
2011
Annual accounts 201153,2 k €↑
2010
Annual accounts 20104 k €↓
2009
Annual accounts 2009283,3 k €↑
2008
Annual accounts 2008-17,5 k €↓
2007
Annual accounts 20071,4 k €↓
2006
Annual accounts 20067 k €
10/09/1991
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

LAVA

Overview

What does LAVA do?

Trend over 20 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