ACTIVE

LARES

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Financial year 2025 · closed on 31/12/2025
Net result
127,7 k €
+15.9% YoY
Gross margin
422,7 k €
+8.2% YoY
Equity
996,7 k €
+2.3% YoY
Workforce
2,5 ETP

What does LARES do?

LARES is a Private limited company incorporated in 1997. Its main activity is: Pre-primary education. Its registered office is in Berlare. It employs on average 2,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0462.205.295
Incorporation
22/12/1997
Legal form
Private limited company
Registered office
Nieuwstraat(B) 5
9290 Berlare · FlandreSee on map
Contributed capital
37 600,00 €
Latest accounts
31/12/2025
Average workforce
2,5 ETP
Activities (NACE)
85130Pre-primary education· main86230Dental practice activities86230Dental practice activities86909Other human health activities86995Other human health activities
Joint committees (4)
  • 218
  • 305
  • 330
  • 33004
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212018201720162013201220112010200920082007
Income statement
Gross margin422,7 k €390,5 k €498,6 k €409,5 k €332,1 k €354,6 k €201,2 k €239,6 k €413,5 k €407,3 k €437,8 k €373,1 k €274,5 k €187,7 k €108,4 k €
EBITDA287,5 k €261,1 k €359 k €323,6 k €259,3 k €287,3 k €154,9 k €201,9 k €380,9 k €378,1 k €407,1 k €345,4 k €249,3 k €162,8 k €81,1 k €
Operating result181,9 k €152,8 k €263,3 k €227,6 k €167,1 k €148,9 k €-36,6 k €128,9 k €324,8 k €298,9 k €341,1 k €280,4 k €200,8 k €114,6 k €50,2 k €
Net result127,7 k €110,1 k €190,6 k €157,2 k €125,8 k €371,4 k €-31,2 k €66,3 k €213,7 k €192,4 k €222,7 k €180,1 k €130,4 k €79,1 k €64,1 k €
Balance sheet
Equity996,7 k €974 k €1,2 M €1 M €1,2 M €1,2 M €1,4 M €637,3 k €365,3 k €151,6 k €149,2 k €149,5 k €269,4 k €139 k €236,5 k €
Total assets1,1 M €1,1 M €1,3 M €1,1 M €1,4 M €1,7 M €1,8 M €737 k €487,1 k €522,2 k €681,9 k €747,8 k €590,1 k €680,7 k €510,4 k €
Cash88,9 k €172,9 k €333,1 k €182,1 k €159,4 k €60,9 k €235,7 k €224,5 k €98,7 k €137 k €304,1 k €366,4 k €284,1 k €290,8 k €236,3 k €
Debts49,1 k €83,9 k €76,1 k €84 k €126,3 k €526 k €424,5 k €89,6 k €107,8 k €355,3 k €516,1 k €580,4 k €292,4 k €521,2 k €252,2 k €
Other
Workforce2,5 ETP–––2,1 ETP1,9 ETP1,1 ETP–1,5 ETP1,6 ETP1,1 ETP1,0 ETP1,0 ETP1,0 ETP0,3 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 · 5 active · 6 ended

Active mandates

Dries Vandewalle

Director · since 01 janvier 2025

Active
Janne Vandewalle

Director · since 01 janvier 2025

Active
Lara Vandewalle

Director · since 01 janvier 2025

Active
Geertrui Van Damme

Director · since 18 décembre 2024

Active
Wim Vandewalle

Director · since 18 décembre 2024

Active

Ended mandates

Geertrui Van Damme

Director · since 09 décembre 1997

Ended
Geertrui Van Damme

Manager · since 09 décembre 1997

Ended
Wim Vandewalle

Director · since 09 décembre 1997

Ended
Wim Vandewalle

Manager · since 09 décembre 1997

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202629/08/202515/07/202431/08/202330/08/202227/08/2021
General meeting30/06/202631/07/202506/06/202416/08/202316/08/202216/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202631/08/2026DutchPDF
Abridged model31/12/202431/07/202529/08/2025DutchPDF
Abridged model31/12/202306/06/202415/07/2024DutchPDF
Abridged model31/12/202216/08/202331/08/2023DutchPDF
Abridged model31/12/202116/08/202230/08/2022DutchPDF
Abridged model31/12/202016/08/202127/08/2021DutchPDF
Abridged model31/12/201915/06/202028/08/2020DutchPDF
Abridged model31/12/201831/07/201926/08/2019DutchPDF
Abridged model31/12/201720/06/201818/07/2018DutchPDF
Micro model31/12/201617/05/201729/08/2017DutchPDF
Abridged model31/12/201516/08/201630/08/2016DutchPDF
Abridged model31/12/201427/08/201531/08/2015DutchPDF
Abridged model31/12/201317/05/201419/06/2014DutchPDF
Abridged model31/12/201220/06/201325/06/2013DutchPDF
Abridged model31/12/201105/04/201217/04/2012DutchPDF
Abridged model31/12/201005/04/201129/04/2011DutchPDF
Abridged model31/12/200906/05/201004/06/2010DutchPDF
Abridged model31/12/200805/05/200907/05/2009DutchPDF
Abridged model31/12/200727/06/200808/07/2008DutchPDF
Abridged model31/12/200620/04/200710/05/2007DutchPDF
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 · 5 active · 6 ended

Active mandates

Dries Vandewalle

Director · since 01 janvier 2025

Active
Janne Vandewalle

Director · since 01 janvier 2025

Active
Lara Vandewalle

Director · since 01 janvier 2025

Active
Geertrui Van Damme

Director · since 18 décembre 2024

Active
Wim Vandewalle

Director · since 18 décembre 2024

Active

Ended mandates

Geertrui Van Damme

Director · since 09 décembre 1997

Ended
Geertrui Van Damme

Manager · since 09 décembre 1997

Ended
Wim Vandewalle

Director · since 09 décembre 1997

Ended
Wim Vandewalle

Manager · since 09 décembre 1997

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/07/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/12/2018
    KAPITAAL - AANDELEN
    PDF
  • Restructuring30/10/2017
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring14/07/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025127,7 k €↑
  2. 2024
    Annual accounts 2024110,1 k €↓
  3. 2023
    Annual accounts 2023190,6 k €↑
  4. 2022
    Annual accounts 2022157,2 k €↑
  5. 2021
    Annual accounts 2021125,8 k €↓
  6. 2018
    Annual accounts 2018371,4 k €↑
  7. 2017
    Annual accounts 2017-31,2 k €↓
  8. 2016
    Annual accounts 201666,3 k €↓
  9. 2013
    Annual accounts 2013213,7 k €↑
  10. 2012
    Annual accounts 2012192,4 k €↓
  11. 2011
    Annual accounts 2011222,7 k €↑
  12. 2010
    Annual accounts 2010180,1 k €↑
  13. 2009
    Annual accounts 2009130,4 k €↑
  14. 2008
    Annual accounts 200879,1 k €↑
  15. 2007
    Annual accounts 200764,1 k €
  16. 22/12/1997
    IncorporationPrivate limited company