Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LaCAR MDx technologies from Liège, company number BE0543330355, closed financial year 2025 with a result of € -1.8 million after tax. For that financial year LaCAR MDx technologies recorded revenue of € 8.1 million and equity of € 12.7 million. Compared with financial year 2024, the result moved from € -425,550 to € -1.8 million. 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 July 15, 2026.
€ 12.7 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▼ 332 % more loss than in 2024
Profit after tax over the fiscal year.
€ 411,946
▲ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.7 million.
People and assets in 2025
53.8
▲ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 11% vs 2024
€ 65,500 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.
€ 647,854
▲ 169% vs 2024
Of which on lease € 413,999.
Debts at end 2025
€ 11.9 million
▲ 54% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 3 million
▲ 108% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 177 days on average.
€ 532,074
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,411,670 | € 4,313,112 | € 7,958,896 | € 8,054,094 | ▲ 1% |
| Gross margin | € 1,036,467 | € 2,648,171 | € 4,136,370 | - | |
| Profit after taxes | € -181,914 | € -286,218 | € -425,550 | € -1,840,232 | ▼ € 1.4 million |
| Equity | € 7,431,499 | € 8,192,789 | € 8,575,984 | € 12,721,137 | ▲ 48% |
| Total debts | € 6,342,169 | € 7,271,830 | € 10,126,448 | € 16,423,475 | ▲ 62% |
| Cash | € 3,499,643 | € 315,434 | € 235,473 | € 411,946 | ▲ 75% |
| Land & buildings | € 4,461,098 | € 4,561,498 | € 6,202,157 | € 5,952,883 | ▼ 4% |
| Retained profit | € -149,699 | € -435,917 | € -861,467 | € -2,701,698 | ▼ € 1.8 million |
| Bank debt | € 4,973,828 | € 5,210,527 | € 7,735,651 | € 11,921,485 | ▲ 54% |
| Balance sheet total | € 13,774,044 | € 15,464,995 | € 18,702,432 | € 29,144,612 | ▲ 56% |
| Employees (FTE) | 24.6 | 48.4 | 49.1 | 53.8 | ▲ 4.7 |
Key figures of LaCAR MDx technologies, 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 LaCAR MDx technologies?
What happened at LaCAR MDx technologies in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NOSHAQ PARTNERS SCRL stepped down as director. NBB
- HERBERT TORFS stepped down as director. NBB
- DIDIER ALLAER stepped down as director. NBB
- ARNAUD ALLAER GESTION SCOMM stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.8 million. Source: NBB ↗
- VINCENT BOURS stepped down as director. NBB
- VINCENT BOURS became a director. NBB
- NOSHAQ PARTNERS SCRL became a director. NBB
In short
From € 181,914 loss in 2022 to € 1.8 million loss in 2025.
Paid € 19,667 in corporate taxes since 2022.
On average € 84,200 of value added per employee in 2024.
Pays suppliers within 177 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by KAZOKU (58.7%), NOSHAQ SA (25.5%), NOSHAQ SPIN-OFFS (8.9%), NOSHAQ EUROPE 3 (3%), VERONIQUE DISTEXHE (2.3%) and VINCENT BOURS (1.2%). It owns 100% of Zentech S.A. and 100% of Lacar US itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2026
Director
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
Managing director · represented by Arnaud ALLAER
Also active at: ZENTECH, THERATOPIX PHARMA
since 2025 · until 2031
Shareholders
58.7%
25.5%
8.9%
VERONIQUE DISTEXHE
2.3%
VINCENT BOURS · director
1.2%
CEDRIC REMY
0.4%
Participations
100%
Lacar US
100%
Establishments
Establishment units
Physical locations of this company
Rue des Chasseurs-Ardennais 10
4031 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Domain
Domain
lacar-mdx.com
Registered
2014-01-07
Registrar
OVH sas
Expires
2027-01-07
Website info
Features
Security
Details
- Company number
- 0543.330.355
- VAT number
- BE 0543.330.355
- Registered office
- Rue des Chasseurs-Ardennais 10, 4031 Liège
- Names & denominations
- LaCAR MDx technologies
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2013
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- lacar-mdx.com
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied
Vervaardiging van andere machines voor specifieke doeleinden neg
Handelsbemiddeling in de groothandel in andere specifieke goederen
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Groothandel in andere intermediaire producten, neg
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Groothandel in andere intermediaire producten, n.e.g.
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