Financials
Financial year 2025
LARCO from Welkenraedt, company number BE0668645348, closed financial year 2025 with a result of € 751,601 after tax. For that financial year LARCO recorded a gross margin of € 2.3 million and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 619,435 to € 751,601. Profitable, and profit is growing. 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 January 12, 2026.
€ 3.2 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 751,601
▲ 21% vs 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 212% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 144,600 paid out
19 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
10.7
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 584,046
▲ 9% vs 2024
€ 54,600 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.
€ 233,486
▲ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▼ 15% vs 2024
€ 701,081 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 656,056
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 161,305
▼ 46% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,286,188 | € 1,835,684 | € 2,057,375 | € 2,308,652 | ▲ 12% |
| Profit after taxes | € 245,242 | € 609,242 | € 619,435 | € 751,601 | ▲ 21% |
| Equity | € 1,713,989 | € 2,115,494 | € 2,647,423 | € 3,204,286 | ▲ 21% |
| Total debts | € 5,773,119 | € 4,839,582 | € 4,952,921 | € 4,496,749 | ▼ 9% |
| Cash | € 237,608 | € 514,370 | € 321,923 | € 1,005,599 | ▲ 212% |
| Land & buildings | € 2,727,708 | € 2,642,025 | € 3,190,233 | € 3,121,975 | ▼ 2% |
| Retained profit | € 458,856 | € 868,098 | € 1,434,603 | € 2,025,479 | ▲ 41% |
| Dividend | € 16,000 | € 200,000 | € 41,604 | € 144,600 | ▲ 248% |
| Bank debt | € 4,786,724 | € 3,948,591 | € 4,126,708 | € 3,510,413 | ▼ 15% |
| Balance sheet total | € 7,487,107 | € 6,955,076 | € 7,600,344 | € 7,701,035 | ▲ 1% |
| Employees (FTE) | 12.2 | 10.5 | 10.4 | 10.7 | ▲ 0.3 |
Key figures of LARCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to LARCO?
What happened at LARCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Esege stepped down as director. NBB
- Georges Collard stepped down as director. NBB
- Capital & Croissance SCRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 751,601 (▲ 21% vs 2024). Source: NBB ↗
- Esege became a director. NBB
- Georges Collard became a director. NBB
- Capital & Croissance SCRL became a director. NBB
- New establishment in Welkenraedt. KBO
In short
From € 245,242 profit in 2022 to € 751,601 profit in 2025.
Paid € 641,647 in corporate taxes since 2022.
Best year ever: 2025, with € 751,601 profit.
On average € 215,800 of value added per employee in 2025.
Management
The stake of INVESTSUD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LARCOThe shares are held by INVESTSUD (30%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2029
Director · represented by Cupers BENJAMIN
Also active at: CONCEPTEXPO GROUP, COLONA, MEGAFORM, SUPERPLASTIC, SOCIETE COMMERCIALE ET INDUSTRIELLE, BAUWENS ROGER, SOGECAM, HORUS SOFTWARE +29 more
since 2023 · until 2029
Shareholders
30%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Economie 9
4840 Welkenraedt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0668.645.348
- VAT number
- BE 0668.645.348
- Registered office
- Rue de l'Economie 9, 4840 Welkenraedt
- Names & denominations
- LARCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 2017
- Peppol
- Active · Active since 26 Sept 2025
- Activities · NACE
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