LOUNANE
ActiveSummary
LOUNANE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48,708 and a net result of -€15,019. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The figures in the accounts for fiscal year 2024 give a score of 59 on their own. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+12
Solvency30▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.06 against 0.07 in 2023; short-term debt: 56% and cash: 0.5% of total assets), and 95% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€15,019
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
132 d late
2023
31 d late
2022
4 d early
2021
38 d early
2020
90 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€32,787
EBIT margin
-45.3%
Net result
-€15,019▲ 28.8%
2023 · -€21,100
Working capital
-€515,887▲ 1.4%
2023 · -€523,171
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€32,787
Operating result€11,686▲ 6.9%-€7,872-€25,903▼ 229%-€22,491▲ 13.2%-€14,846▲ 34.0%
Net result€13,441within the sector's middle half▼ 2.0%-€5,856within the sector's middle half-€24,050below the sector's middle half▼ 311%-€21,100below the sector's middle half▲ 12.3%-€15,019below the sector's middle half▲ 28.8%
EBIT margin-45.3%
Equity€133,121within the sector's middle half▲ 11.2%€127,265within the sector's middle half▼ 4.4%€103,216within the sector's middle half▼ 18.9%€84,701within the sector's middle half▼ 17.9%€48,708within the sector's middle half▼ 42.5%
Total assets€1.2mabove the sector's middle half▼ 0.5%€1.2mabove the sector's middle half▼ 1.5%€1.1mwithin the sector's middle half▼ 7.4%€1.0mwithin the sector's middle half▼ 3.8%€981,937within the sector's middle half▼ 4.7%
Debt€957,085▼ 1.7%€947,202▼ 1.0%€887,749▼ 6.3%€871,748▼ 1.8%€859,737▼ 1.4%
Working capital-€585,079below the sector's middle half▲ 6.5%-€552,297below the sector's middle half▲ 5.6%-€534,374below the sector's middle half▲ 3.2%-€523,171below the sector's middle half▲ 2.1%-€515,887below the sector's middle half▲ 1.4%
Solvency11.3%within the sector's middle half▲ 1.2pp11.0%within the sector's middle half▼ 0.3pp9.6%within the sector's middle half▼ 1.4pp8.2%within the sector's middle half▼ 1.4pp5.0%within the sector's middle half▼ 3.3pp
Current ratio0.10below the sector's middle half▲ 0.040.13below the sector's middle half▲ 0.040.08below the sector's middle half▼ 0.060.07below the sector's middle half▼ 0.010.06below the sector's middle half▼ 0.01
Return on assets (ROA)1.1%within the sector's middle half=-0.5%within the sector's middle half▼ 1.7pp-2.2%below the sector's middle half▼ 1.7pp-2.0%within the sector's middle half▲ 0.2pp-1.5%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,846 in 2024 against €22,491 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €981,937
Fixed assets
€948,087 ▼ 4.4%
Current assets
€33,850 ▼ 12.3%
Equity and liabilities €981,937
Equity
€48,708 ▼ 42.5%
Provisions
€73,492 =
Debt
€859,737 ▼ 1.4%
Debt's share of the balance-sheet total rises from 84.6% to 87.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29,282▲
2023 · €21,566
Cash flow
€29,109▲
2023 · €22,956
Debt to equity
17.65▲
2023 · 10.29
ROE
-30.8%▼
2023 · -24.9%
Interest coverage
166.38▲
2023 · 132.22
Debt ≤ 1 year
€549,737▼
2023 · €561,748
Debt > 1 year
€310,000=
2023 · €310,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,104 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €32,787 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €17,943 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,829 | €45,485 | €43,849 | €44,056 | €44,128 | ▲ 0.2% |
| Other operating charges640/8 | - | €5,566 | €24,505 | €6,101 | €6,239 | ▲ 2.3% |
| Gross operating margin9900 | €69,294 | €43,179 | €42,451 | €27,666 | €35,521 | ▲ 28.4% |
| Operating profit (loss)9901 | €11,686 | -€7,872 | -€25,903 | -€22,491 | -€14,846 | ▲ 34.0% |
| Financial income75/76B | - | €46 | €18 | €26 | €3 | ▼ 88.5% |
| Recurring financial income75 | €42 | €46 | €18 | €26 | €3 | ▼ 88.5% |
| Financial charges65/66B | - | €438 | €510 | €163 | €176 | ▲ 7.9% |
| Recurring financial charges65 | €629 | €438 | €510 | €163 | €176 | ▲ 7.9% |
| Profit (loss) for the period before taxes9903 | €11,100 | -€8,263 | -€26,395 | -€22,628 | -€15,019 | ▲ 33.6% |
| Transfer from deferred taxes780 | - | €2,458 | €2,458 | €3,319 | - | - |
| Income taxes67/77 | €116 | €50 | €112 | €1,792 | - | - |
| Profit (loss) for the period9904 | €13,441 | -€5,856 | -€24,050 | -€21,100 | -€15,019 | ▲ 28.8% |
| Transfer from tax-exempt reserves789 | - | €4,770 | €4,770 | €6,443 | - | - |
| Profit (loss) for the period to be appropriated9905 | €18,211 | -€1,085 | -€19,279 | -€14,657 | -€15,019 | ▼ 2.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €1.0m | €981,937 | ▼ 4.7% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €1.1m | €1.1m | €1.0m | €991,365 | €948,087 | ▼ 4.4% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.0m | €986,754 | €943,476 | ▼ 4.4% |
| Land and buildings22 | - | €1.1m | €1.0m | €975,154 | €931,976 | ▼ 4.4% |
| Furniture and vehicles24 | - | €4,338 | €2,209 | €11,600 | €11,500 | ▼ 0.9% |
| Financial fixed assets28 | €6,211 | €6,211 | €6,211 | €4,611 | €4,611 | = |
| Current assets29/58 | €61,960 | €84,905 | €43,338 | €38,577 | €33,850 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €12,462 | €38,437 | €28,830 | €28,492 | €28,492 | = |
| Trade receivables40 | - | €34,186 | €2,598 | €498 | €498 | ▲ 0.1% |
| Other amounts receivable41 | - | €4,251 | €26,232 | €27,994 | €27,994 | = |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €49,498 | €46,301 | €13,164 | €10,085 | €5,358 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | €168 | €1,343 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €1.0m | €981,937 | ▼ 4.7% |
| Equity10/15 | €133,121 | €127,265 | €103,216 | €84,701 | €48,708 | ▼ 42.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €166,301 | €161,530 | €156,760 | €145,298 | €145,298 | = |
| Non-distributable reserves130/1 | - | €2,539 | €2,539 | €2,539 | €2,539 | = |
| Legal reserve130 | - | €2,539 | €2,539 | €2,539 | €2,539 | = |
| Tax-exempt reserves132 | - | €158,991 | €154,221 | €142,759 | €142,759 | = |
| Profit (loss) carried forward14 | -€95,179 | -€96,265 | -€115,544 | -€122,596 | -€158,590 | ▼ 29.4% |
| Provisions and deferred taxes16 | €84,312 | €81,855 | €79,397 | €73,492 | €73,492 | = |
| Provisions for liabilities and charges160/5 | - | €81,855 | €79,397 | - | - | - |
| Taxes161 | - | €81,855 | €79,397 | - | - | - |
| Deferred taxes168 | - | - | - | €73,492 | €73,492 | = |
| Amounts payable17/49 | €957,085 | €947,202 | €887,749 | €871,748 | €859,737 | ▼ 1.4% |
| Amounts payable after more than one year17 | €310,000 | €310,000 | €310,000 | €310,000 | €310,000 | = |
| Other amounts payable178/9 | - | €310,000 | €310,000 | €310,000 | €310,000 | = |
| Amounts payable within one year42/48 | €647,039 | €637,202 | €577,712 | €561,748 | €549,737 | ▼ 2.1% |
| Trade debts44 | €11,635 | €34,241 | €1,124 | €4,482 | €1,773 | ▼ 60.4% |
| Suppliers440/4 | - | €34,241 | €1,124 | €4,482 | €1,773 | ▼ 60.4% |
| Taxes, remuneration and social security45 | - | €1,131 | €342 | €1,940 | €1,945 | ▲ 0.2% |
| Taxes450/3 | - | €1,131 | €342 | €1,940 | €1,945 | ▲ 0.2% |
| Other amounts payable47/48 | - | €601,829 | €576,246 | €555,326 | €546,019 | ▼ 1.7% |
| Accrued charges and deferred income492/3 | - | - | €37 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,441 | -€5,856 | -€24,050 | -€21,100 | -€15,019 | ▲ 28.8% |
| + Depreciation and write-downs630 | €43,829 | €45,485 | €43,849 | €44,056 | €44,128 | ▲ 0.2% |
| Operating cash flow (approximation) | €57,269 | €39,629 | €19,799 | €22,956 | €29,109 | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | -€4,343 | €544 | -€8,397 | -€850 | ▲ 89.9% |
| Change in cash | - | -€3,197 | -€33,137 | -€3,080 | -€4,727 | ▼ 53.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 132 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€24,050
Net result drops to -€24,050, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €13,722
Net result €13,722 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 1993
Ground area
2,212 m²
Building footprint
634 m²
Volume, LiDAR
8,969 m³
Parcel 92135C0269/00C000, Wallonia · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LOUNANE
since 19932.063.639.762
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135C0269/00C000 | Wallonia | 2,212 m² | 1 · 634 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CREDIT CENTRE
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 3,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-08-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Contact
E-mail
annefrogneux@gmail.comNamur
Phone
0477/297.712Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450772955
Also
9925:BE0450772955
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.