ACTIVE

LAVANO

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Financial year 2025 · Closed on 30/09/2025

Net result932 k €-61,5 %over 1 year

Revenue9,2 M €-6,3 %over 1 year

Equity10 M €+10,3 %over 1 year

Workforce14,0 ETP-6,7 %over 1 year

Identity

Source · BCE/KBO

LAVANO is a Public limited company incorporated in 1995. Its main activity is: Sewerage. Its registered office is in Mouscron. It employs on average 14,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0454.592.973
Incorporation: 20/02/1995
Legal form: Public limited company
Registered office: Rue de Rolleghem 385
7700 Mouscron · WallonieSee on map
Contributed capital: 74 368,06 €
Latest accounts: 30/09/2025
Average workforce: 14,0 ETP

Activities (NACE)

37200Sewerage· main 38210Treatment and disposal of non-hazardous waste 38323Recovery of sorted materials 43110Demolition 43110Demolition 43120Site preparation+6

Joint committees (6)

100
124
142
14204
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9,2 M €	-6.3%	9,8 M €	+14.1%	8,6 M €	-4.0%	9 M €	+13.5%	7,9 M €
EBITDA	3 M €	-28.6%	4,2 M €	+34.2%	3,1 M €	-9.6%	3,5 M €	-12.2%	4 M €
Operating result	1,2 M €	-57.1%	2,8 M €	+35.6%	2,1 M €	-4.2%	2,1 M €	-19.0%	2,6 M €
Net result	932 k €	-61.5%	2,4 M €	+42.8%	1,7 M €	-4.6%	1,8 M €	-17.8%	2,2 M €
Balance sheet
Equity	10 M €	+10.3%	9 M €	+14.6%	7,9 M €	+9.6%	7,2 M €	+17.6%	6,1 M €
Total assets	10,9 M €	-7.8%	11,8 M €	+7.7%	10,9 M €	+15.4%	9,5 M €	+17.0%	8,1 M €
Cash	1,1 M €	-45.7%	2,1 M €	-63.9%	5,8 M €	+77.7%	3,3 M €	+64.8%	2 M €
Debts	679,9 k €	-72.5%	2,5 M €	+19.5%	2,1 M €	+19.0%	1,7 M €	+38.5%	1,3 M €
Other
Workforce	14,0 ETP	-6.7%	15,0 ETP	-3.8%	15,6 ETP	+6.8%	14,6 ETP	+7.4%	13,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erik Buyssens	Director01/03/2018 → 04/02/2031
LAVAERT INVEST0845.682.424Represented by Isabel LAVAERT	Managing director02/03/2018 → 04/02/2031
Raphaël Lavaert	Director01/03/2019 → 04/02/2031Managing director30/03/2006 → 2014 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isabel Lavaert	Managing director12/05/2014 → 2014 accounts
Anna Maria Harrie	Director25/09/2012 → 2017 accounts
Baudewijn Vancoillie	Director25/09/2012 → 2017 accounts

Full financial information

Source · NBB

	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	01/10/2024	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	28/04/2026	28/03/2025	13/03/2024	03/05/2023	04/03/2022	23/04/2021
General meeting	06/03/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	06/03/2026	28/04/2026	French	PDF
Full model	30/09/2024	07/03/2025	28/03/2025	French	PDF
Full model	30/09/2023	01/03/2024	13/03/2024	French	PDF
Full model	30/09/2022	03/03/2023	03/05/2023	French	PDF
Full model	30/09/2021	04/03/2022	04/03/2022	French	PDF
Full model	30/09/2020	05/03/2021	23/04/2021	French	PDF
Full model	30/09/2019	06/03/2020	30/04/2020	French	PDF
Full model	30/09/2018	01/03/2019	30/04/2019	French	PDF
Full model	30/09/2017	02/03/2018	23/04/2018	French	PDF
Full model	30/09/2016	03/03/2017	28/04/2017	French	PDF
Full model	30/09/2015	04/03/2016	06/04/2016	French	PDF
Full model	30/09/2014	17/04/2015	29/05/2015	French	PDF
Full model	30/09/2013	28/03/2014	10/07/2014	French	PDF
Full model	30/09/2012	29/03/2013	30/04/2013	French	PDF
Abridged model	30/09/2011	02/03/2012	23/04/2012	French	PDF
Abridged model	30/09/2010	04/03/2011	26/04/2011	French	PDF
Abridged model	30/09/2009	05/03/2010	06/04/2010	French	PDF
Abridged model	30/09/2008	06/03/2009	28/05/2009	French	PDF
Abridged model	30/09/2007	07/03/2008	04/04/2008	French	PDF
Abridged model	30/09/2006	02/03/2007	27/03/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erik Buyssens	Director01/03/2018 → 04/02/2031
LAVAERT INVEST0845.682.424Represented by Isabel LAVAERT	Managing director02/03/2018 → 04/02/2031
Raphaël Lavaert	Director01/03/2019 → 04/02/2031Managing director30/03/2006 → 2014 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isabel Lavaert	Managing director12/05/2014 → 2014 accounts
Anna Maria Harrie	Director25/09/2012 → 2017 accounts
Baudewijn Vancoillie	Director25/09/2012 → 2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/02/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates23/05/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates18/05/2005
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

LAVAERT INVEST

Raphaël Lavaert

Erik Buyssens

Isabel Lavaert

Cabex

Baudewijn Vancoillie

Anna Maria Harrie

Daniël Lavaert

Gabriël Lavaert

199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

LAVANO

Rue de Rolleghem 385, 7700 Mouscron

Managing director

DirectorManaging director

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Rolleghem 385, 7700 MouscronCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00094277

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
LAVANOCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00094277

Events

2025
Annual accounts 2025932 k €↓
2024
Annual accounts 20242,4 M €↑
2023
Annual accounts 20231,7 M €↓
2022
Annual accounts 20221,8 M €↓
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 2020933,2 k €↑
2019
Annual accounts 2019720,9 k €↓
2018
Annual accounts 20181,6 M €↑
2017
Annual accounts 20171,2 M €↑
2015
Annual accounts 2015371,2 k €↓
2014
Annual accounts 2014783,9 k €↓
2013
Annual accounts 20131,1 M €↑
2012
Annual accounts 2012160,9 k €↓
2011
Annual accounts 2011409,5 k €↑
2010
Annual accounts 2010283,9 k €↑
2009
Annual accounts 2009253 k €↑
2008
Annual accounts 2008233,7 k €↓
2007
Annual accounts 2007286,5 k €
20/02/1995
IncorporationPublic limited company

LAVANO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events