Equity
€366,967 ▲ 63.9%
Equity rose in 2025 from €223,963 to €366,967.
LUDEM
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €353,199 (2024)
€305,505▼ 13.5%
lowest -€1.5m (2013)
€143,004▼ 37.9%
peak €366,967 (2025)
€366,967▲ 63.9%
€208,319▼ 57.6%
Board2 names since 1991
1 directorDEMEYERE Luc
Documentsfilings and deeds
22-03-2026100 days before the deadline
2025micro format
Gross margin from €353,199 to €305,505Result from €230,135 to €143,004Equity from €223,963 to €366,967Debts from €491,561 to €208,319Investments €312,287Cash from €432,013 to €87,366
Key points
from the 2025 annual accountsInvestments
€312,287 5.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 186.7% higher than in 2024.
Filings
33 annual accounts since 1993
The last five annual accounts were filed 14 to 123 days before the end of the period.
Checked score
96
Excellent
Financially stronger than 69% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024highest value
02-2025: 0.2%● unchanged vs 01-2025highest value
03-2025: < 0.1%▼ -0.2 percentage points vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €575,421
Founded in 1991
Liquidity: current ratio 1.47, cash €87,366, halved
Equity €366,967 (63.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 64% of them on solvency, 56% on liquidity, 73% on profitability and 83% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-11-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as LUDEM has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of LUDEM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for LUDEM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.47 (1.21 in 2024), below the usual 1.5. Short-term debt is 21.2% and cash 15.2% of total assets. 36.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 22-03-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 days early
2024
123 days early
2023
14 days early
2022
57 days early
2021
38 days early
2020
61 days early
2019
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 61 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 4 May (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today30-11-2026 year end30-06-2027 deadline
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Kortrijk
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443018794
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Kortrijk
Resignation: LANNOY AGENCIES (director)
Permanent representative: Lannoy Sylvie · Director discharge: LANNOY AGENCIES · General meeting of 23-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUDEM Kortrijk | €575,421 | €305,505 | 63.8% | - |
| PADITAL Houthalen-Helchteren | €636,073 | €316,487 | 25.7% | - |
| Nuclear Medicine Europe Ixelles | €438,200 | €293,758 | 41.3% | - |
| KATZ Zoersel | €651,229 | €252,405 | 61.6% | - |
| MEGRYBO Zonnebeke | €561,227 | €231,023 | 95.9% | - |
| DE ROUCK en VERHELLEN - Personnel Management Services Roeselare | €410,389 | €423,846 | 22.7% | 4 |
| Vakor Nazareth-De Pinte | €730,451 | €380,275 | 39.2% | - |
These companies have the same main activity as LUDEM: other business support services (NACE 82990). They are comparable in size and age: total assets between €410,000 and €730,000, founded between 1990 and 1998.
Official details
Source: KBO- Status
- Active since 18-01-1991Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.051.394.4048500 Kortrijk, since 06-02-1991
- Financial year end
- 30 November
- Peppol
- Reachable since 14-02-2025
Annual accounts to 30-11-2025
- ≈ €460,000estimated
- €575,421▼ 19.7%
- Filing
- Filed on 22-03-2026, 100 days before the end of the filing period
Insights on LUDEM
LUDEM files the micro format. That format states no turnover. The gross margin rose from €20,179 in 2006 to €305,505 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUDEM
- What is the company number of LUDEM?
- The company number of LUDEM is 0443.018.794. The VAT number is the same number with BE in front: BE 0443.018.794.
- Where is LUDEM based?
- The registered office is at Evarist Carpentierlaan 7, 8500 Kortrijk.Company details
- What does LUDEM do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of LUDEM?
- LUDEM is a private limited company (BV).
- When was LUDEM founded?
- LUDEM was founded on 18-01-1991.
- Is LUDEM still active?
- Yes, LUDEM is an active enterprise in the KBO register.
- What is the turnover of LUDEM?
- The turnover in financial year 2025 is ≈ €460,000. This figure is estimated from the gross margin of €305,505 and 33 comparable companies (NACE 82990). It probably lies between €380,000 and €640,000.Financials
- Is LUDEM profitable?
- In financial year 2025, LUDEM made a profit of €143,004.
- Where can I find the annual accounts of LUDEM?
- LUDEM filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUDEM due?
- LUDEM must file the annual accounts for financial year 2026 by 30-06-2027.Timeline
Next steps
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