ACTIVE

LARCO

Export PDF

Financial year 2025 · Closed on 30/09/2025

Net result751,6 k €+21,3 %over 1 year

Gross margin2,3 M €+12,2 %over 1 year

Equity3,2 M €+21,0 %over 1 year

Workforce10,7 ETP+2,9 %over 1 year

Identity

Source · BCE/KBO

LARCO is a Public limited company incorporated in 2017. Its main activity is: Manufacture of cement. Its registered office is in Welkenraedt. It employs on average 10,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0668.645.348
Incorporation: 02/01/2017
Legal form: Public limited company
Registered office: Rue de l'Economie 9
4840 Welkenraedt · WallonieSee on map
Contributed capital: 800 100,00 €
Latest accounts: 30/09/2025
Average workforce: 10,7 ETP

Activities (NACE)

23510Manufacture of cement· main 23510Manufacture of cement 23610Manufacture of concrete products for construction purposes 23610Manufacture of concrete products for construction purposes 23630Manufacture of ready-mixed concrete 23630Manufacture of ready-mixed concrete+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 8 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,3 M €	+12.2%	2,1 M €	+12.1%	1,8 M €	+42.7%	1,3 M €	+10.5%	1,2 M €
EBITDA	1,7 M €	+15.2%	1,5 M €	+10.5%	1,4 M €	+76.0%	767,9 k €	+0.0%	767,6 k €
Operating result	1 M €	+22.8%	851,8 k €	+4.4%	816,2 k €	+167%	306,2 k €	-27.2%	420,5 k €
Net result	751,6 k €	+21.3%	619,4 k €	+1.7%	609,2 k €	+148%	245,2 k €	-35.0%	377,5 k €
Balance sheet
Equity	3,2 M €	+21.0%	2,6 M €	+25.1%	2,1 M €	+23.4%	1,7 M €	+9.5%	1,6 M €
Total assets	7,7 M €	+1.3%	7,6 M €	+9.3%	7 M €	-7.1%	7,5 M €	+4.1%	7,2 M €
Cash	1 M €	+212%	321,9 k €	-37.4%	514,4 k €	+116%	237,6 k €	+141%	98,6 k €
Debts	4,5 M €	-9.5%	5 M €	+2.3%	4,8 M €	-16.2%	5,8 M €	+2.6%	5,6 M €
Other
Workforce	10,7 ETP	+2.9%	10,4 ETP	-1.0%	10,5 ETP	-13.9%	12,2 ETP	+27.1%	9,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Georges Collard	Managing director24/11/2023 → 24/11/2029Directorlisted until the 2023 accountsended
ORSA ADMIN0890.073.384Represented by Cupers BENJAMIN	Director10/01/2017 → 24/11/2029
Société en commandite simple ESeGE0847.845.425Represented by Schaus SANDRINE	Director23/12/2016 → 24/11/2029Managing director17/02/2022 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Georgy COLLARD	Managing director23/12/2016 → 2021 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	12/01/2026	22/04/2025	21/12/2023	19/01/2023	26/01/2022	12/03/2021
General meeting	16/12/2025	06/12/2024	06/12/2023	13/01/2023	16/12/2021	18/02/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 8 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	16/12/2025	12/01/2026	French	PDF
Abridged model	30/09/2024	06/12/2024	22/04/2025	French	PDF
Abridged model	30/09/2023	06/12/2023	21/12/2023	French	PDF
Abridged model	30/09/2022	13/01/2023	19/01/2023	French	PDF
Abridged model	30/09/2021	16/12/2021	26/01/2022	French	PDF
Abridged model	30/09/2020	18/02/2021	12/03/2021	French	PDF
Micro model	30/09/2019	20/02/2020	11/03/2020	French	PDF
Micro model	30/09/2018	12/02/2019	28/03/2019	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Georges Collard	Managing director24/11/2023 → 24/11/2029Directorlisted until the 2023 accountsended
ORSA ADMIN0890.073.384Represented by Cupers BENJAMIN	Director10/01/2017 → 24/11/2029
Société en commandite simple ESeGE0847.845.425Represented by Schaus SANDRINE	Director23/12/2016 → 24/11/2029Managing director17/02/2022 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Georgy COLLARD	Managing director23/12/2016 → 2021 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office26/02/2019
SIEGE SOCIAL
PDF
Mandates09/02/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other05/01/2017
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

Filings8 filings

Mandates

Société en commandite simple ESeGE

ORSA ADMIN

Georges Collard

Georgy COLLARD

20162017201820192020202120222023202420252026202720282029

LARCO

Rue de l'Economie 9, 4840 Welkenraedt

DirectorManaging director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de l'Economie 9, 4840 WelkenraedtCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00005629

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
LARCOCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00005629

Events

2025
Annual accounts 2025751,6 k €↑
2024
Annual accounts 2024619,4 k €↑
2023
Annual accounts 2023609,2 k €↑
2022
Annual accounts 2022245,2 k €↓
2021
Annual accounts 2021377,5 k €↑
2020
Annual accounts 202094,1 k €↑
2019
Annual accounts 2019-142,5 k €↓
2018
Annual accounts 2018-74,5 k €
02/01/2017
IncorporationPublic limited company

LARCO

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