Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.3 to 1.7.
Financials
Financial year 2025
LATREZ from Ardooie, company number BE0862724235, closed financial year 2025 with a result of € 19,630 after tax. For that financial year LATREZ recorded a gross margin of € 261,909 and equity of € 696,146. Compared with financial year 2024, the result moved from € -43,554 to € 19,630. 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 July 16, 2026.
€ 696,146
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,630
▲ still € 43,554 loss in 2024
Profit after tax over the fiscal year.
€ 220,581
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 469,946.
People and assets in 2025
1.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 70,513
▼ 14% vs 2024
€ 41,500 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.
€ 50,582
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 642,063
▼ 10% vs 2024
€ 70,238 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 33,130
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,156
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 366,115 | € 327,476 | € 204,441 | € 261,909 | ▲ 28% |
| Profit after taxes | € 66,960 | € 66,243 | € -43,554 | € 19,630 | ▲ € 63,185 |
| Equity | € 653,827 | € 720,070 | € 676,515 | € 696,146 | ▲ 3% |
| Total debts | € 996,118 | € 861,408 | € 910,949 | € 817,433 | ▼ 10% |
| Cash | € 210,808 | € 283,216 | € 265,856 | € 220,581 | ▼ 17% |
| Land & buildings | € 647,649 | € 642,269 | € 602,609 | € 562,949 | ▼ 7% |
| Retained profit | € 427,627 | € 493,870 | € 450,315 | € 469,946 | ▲ 4% |
| Bank debt | € 783,777 | € 710,111 | € 712,301 | € 642,063 | ▼ 10% |
| Balance sheet total | € 1,649,945 | € 1,581,478 | € 1,587,464 | € 1,513,579 | ▼ 5% |
| Employees (FTE) | 3 | 2.3 | 2 | 1.7 | ▼ 0.3 |
Key figures of LATREZ, 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 LATREZ?
What happened at LATREZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,630. Source: NBB ↗
- BV MJO became a director. NBB
- MJO became a director. NBB
- New establishment in Lichtervelde. KBO
- New establishment in Ardooie. KBO
- PATRICIA DECLERCQ became a director. NBB
- GEERT LATREZ became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 66,960 profit in 2022 to € 19,630 profit in 2025.
Paid € 35,535 in corporate taxes since 2022.
Best year ever: 2022, with € 66,960 profit.
On average € 154,100 of value added per employee in 2025.
A new publication or filing at LATREZ? We notify you, reason included.
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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 stake of MJO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LATREZBehind LATREZ are PATRICIA DECLERCQ, BV MJO, GEERT LATREZ and MJO. The shares are held by MJO (48%).
Establishments
Establishment units
Physical locations of this company
Sint-Maartensveldstraat 17
8851 Ardooie
Oude Heirweg 1
8810 Lichtervelde
Active since 1 January 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0862.724.235
- VAT number
- BE 0862.724.235
- Registered office
- Sint-Maartensveldstraat 17, 8851 Ardooie
- Names & denominations
- LATREZ
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 2004
- Peppol
- Active · Active since 22 Nov 2025
- Activities · NACE
Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden
Varkensvetmesterijen
Landschapsverzorging
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken