Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 5.8 to 4.5.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LAGAUT from Brussel, company number BE0432495383, closed financial year 2025 with a result of € -358,763 after tax. For that financial year LAGAUT recorded a gross margin of € 119,312 and equity of € 230,626. Compared with financial year 2024, the result moved from € -319,440 to € -358,763. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2026.
€ 230,626
▲ 177% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -358,763
▼ 12 % more loss than in 2024
Profit after tax over the fiscal year.
€ 15,321
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.3 million.
People and assets in 2025
4.5
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 259,323
▼ 6% vs 2024
€ 57,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 41,971
▼ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,455
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 288,376 | € 295,201 | € 241,189 | € 119,312 | ▼ 51% |
| Profit after taxes | € -167,958 | € -246,062 | € -319,440 | € -358,763 | ▼ € 39,323 |
| Equity | € 198,892 | € 152,830 | € 83,390 | € 230,626 | ▲ 177% |
| Total debts | € 75,238 | € 255,468 | € 206,528 | € 80,129 | ▼ 61% |
| Cash | € 52,460 | € 78,094 | € 25,583 | € 15,321 | ▼ 40% |
| Retained profit | € -353,524 | € -599,586 | € -919,026 | € -1,277,790 | ▼ € 358,763 |
| Balance sheet total | € 274,129 | € 408,298 | € 299,815 | € 310,755 | ▲ 4% |
| Employees (FTE) | 5.5 | 5.8 | 5.4 | 4.5 | ▼ 0.9 |
Key figures of LAGAUT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LAGAUT?
What happened at LAGAUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 358,763. filed late Source: NBB ↗
- GPFI SRL became a director. NBB
- Pivanto BV stepped down as director. NBB
- Odds & Overlay BV stepped down as director. NBB
- Eamonn O'Loughlin stepped down as director. NBB
- Pivanto BV became a director. NBB
- Eamonn O'Loughlin became a director. NBB
- Odds & Overlay BV became a director. NBB
In short
From € 167,958 loss in 2022 to € 358,763 loss in 2025.
On average € 26,500 of value added per employee in 2025.
Management
Behind LAGAUT is GPFI SRL. The shares are held by Napoleon Games (100%). It owns 50% of M Lagaut itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Massimo Menegalli
Also active at: Les Copères, DEVOMAS, MARBEL, PAVABER, Fun2play, DEBA SQUARE, H B W FREETIME, STARGAMES +2 more
since 2026
Director · represented by Philippe Joos
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM, SPEELHAL.NET +22 more
since 2024 · until 2026
Eamonn O'Loughlin
Director
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM, FUTURE GAMES +17 more
since 2022 · until 2025
Director · represented by Tom De Clercq
Also active at: E.C.K., E.T.C. EUROPA TECHNICS & Cie, NAPOLEON GAMES, OLYMPIAN GAMES, SNOOK, DE CEUSTER CONTINENTAL, LUNATIM, SPEELHAL.NET +22 more
since 2022 · until 2026
Shareholders
100%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Oorlogskruisenlaan 120
1120 Brussel
Leopoldlaan 75
8430 Middelkerke
Active since 15 December 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →General Automatic Amusement
€ 2.7 million gross margin · 2024
BELGIAN GAMING ASSOCIATION B.G.A.
Les Copères same network
€ 2.3 million gross margin · 2024
L'AUTOMATIQUE ELECTRONIQUE
€ -10,651 gross margin · 2024
Y.C.L.
€ 90,585 gross margin · 2025
+28 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.495.383
- VAT number
- BE 0432.495.383
- Registered office
- Oorlogskruisenlaan 120, 1120 Brussel
- Names & denominations
- LAGAUT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van loterijen en kansspelen
Loterijen en kansspelen
Exploitatie van recreatieparken, lunaparken en dergelijke
Exploitatie van recreatiedomeinen