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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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Dr. M. Lazarov from Lede, company number BE0677850450, closed financial year 2024 with a result of € 222,292 after tax. For that financial year Dr. M. Lazarov recorded a gross margin of € 386,615 and equity of € 246,073. Compared with financial year 2023, the result moved from € 297,118 to € 222,292. The company is profitable. The buffer shrank hard: equity is 56 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2025.
€ 246,073
▼ 56% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 222,292
▼ 25% vs 2023
Profit after tax over the fiscal year.
€ 99,981
▼ 57% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 540,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
€ 39,461
▲ 25% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 76,255
▼ 26% vs 2023
Of which on lease € 48,346.
Debts at end 2024
€ 47,463
▼ 30% vs 2023
€ 20,937 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5,543
▲ € 5,270 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 91,781
▼ 15% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 235,869 | € 315,953 | € 439,830 | € 386,615 | ▼ 12% |
| Profit after taxes | € 136,552 | € 167,045 | € 297,118 | € 222,292 | ▼ 25% |
| Equity | € 693,419 | € 860,464 | € 563,781 | € 246,073 | ▼ 56% |
| Total debts | € 95,323 | € 85,775 | € 274,165 | € 371,918 | ▲ 36% |
| Cash | € 624,043 | € 435,349 | € 233,329 | € 99,981 | ▼ 57% |
| Retained profit | € 681,019 | € 848,064 | € 545,181 | € 227,473 | ▼ 58% |
| Dividend | € 0 | € 0 | € 600,000 | € 540,000 | ▼ 10% |
| Bank debt | € 0 | € 0 | € 68,152 | € 47,463 | ▼ 30% |
| Balance sheet total | € 788,742 | € 946,239 | € 837,947 | € 617,991 | ▼ 26% |
Key figures of Dr. M. Lazarov, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Dr. M. Lazarov?
What happened at Dr. M. Lazarov in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 222,292 (▼ 25% vs 2023). filed late Source: NBB ↗
- Manol Lazarov became a director. NBB
- New establishment in Lede. KBO
- Start of the company according to the CBE. KBO
In short
From € 136,552 profit in 2021 to € 222,292 profit in 2024.
Paid € 263,635 in corporate taxes since 2021.
Best year ever: 2023, with € 297,118 profit.
Paid out € 1.1 million in dividends to the owners in total.
Management
Behind Dr. M. Lazarov is Manol Lazarov.
Directors
According to the 2024 annual accounts
Manol Lazarov
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Ommeganglaan 51
9340 Lede
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0677.850.450
- VAT number
- BE 0677.850.450
- Registered office
- Ommeganglaan 51, 9340 Lede
- Names & denominations
- Dr. M. Lazarov
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2017
- Peppol
- Active · Active since 25 Nov 2025