Louvers Technologies
ActiveSummary
The annual accounts of Louvers Technologies for fiscal year 2025 show a net loss of 99% of the equity at the start of that year. The 2025 annual accounts show equity of €21,296 and a net result of -€3.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 8765 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-21
Solvency25▼-23
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.34 against 0.73 in 2024; short-term debt: 16.3% and cash: 0.8% of total assets), and 99.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8765 sector peers (2025).
NBB · sector comparisonPosition among 8765 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
25 d early
2021
5 d early
2020
3 d early
← 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 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?HAMAAN · 14 companies How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3.6m
2024 · €12,946
Working capital
-€1.1m▼ 28.5%
2024 · -€884,739
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€322,812▲ 19.4%€433,666▲ 34.3%€573,230▲ 32.2%€602,926▲ 5.2%€406,828▼ 32.5%
Net result-€131,371below the sector's middle half▼ 0.3%€995,731above the sector's middle half€2.8mabove the sector's middle half▲ 183%€12,946within the sector's middle half▼ 99.5%-€3.6mbelow the sector's middle half
Equity-€243,547below the sector's middle half▼ 117%€752,184within the sector's middle half€3.6mabove the sector's middle half▲ 375%€3.6mabove the sector's middle half▲ 0.4%€21,296below the sector's middle half▼ 99.4%
Total assets€11.9mabove the sector's middle half▼ 1.4%€13.2mabove the sector's middle half▲ 11.4%€14.0mabove the sector's middle half▲ 5.5%€15.8mabove the sector's middle half▲ 13.1%€10.6mabove the sector's middle half▼ 33.0%
Debt€12.1m▼ 0.3%€12.5m▲ 2.9%€10.4m▼ 16.7%€12.2m▲ 17.5%€10.6m▼ 13.5%
Working capital-€3.0mbelow the sector's middle half▼ 30.1%-€4.0mbelow the sector's middle half▼ 30.6%-€646,470below the sector's middle half▲ 83.8%-€884,739below the sector's middle half▼ 36.9%-€1.1mbelow the sector's middle half▼ 28.5%
Solvency-2.0%below the sector's middle half▼ 1.1pp5.7%below the sector's middle half▲ 7.7pp25.6%within the sector's middle half▲ 19.9pp22.7%within the sector's middle half▼ 2.9pp0.2%below the sector's middle half▼ 22.5pp
Current ratio0.01below the sector's middle half=0.05below the sector's middle half▲ 0.040.59within the sector's middle half▲ 0.540.73within the sector's middle half▲ 0.140.34below the sector's middle half▼ 0.39
Return on assets (ROA)-1.1%below the sector's middle half=7.5%within the sector's middle half▲ 8.6pp20.2%above the sector's middle half▲ 12.7pp0.1%within the sector's middle half▼ 20.1pp-33.7%below the sector's middle half▼ 33.7pp
Staff (FTE)1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.6m
Fixed assets
€10.0m ▼ 25.4%
Current assets
€589,438 ▼ 75.5%
Equity and liabilities €10.6m
Equity
€21,296 ▼ 99.4%
Debt
€10.6m ▼ 13.5%
Debt's share of the balance-sheet total rises from 77.3% to 99.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€407,816▼
2024 · €611,230
Cash flow
-€3.6m▼
2024 · €21,250
Interest coverage
0.69▼
2024 · 0.99
Debt ≤ 1 year
€1.7m▼
2024 · €3.3m
Debt > 1 year
€8.8m▼
2024 · €8.9m
A ratio outside any meaningful range has been withheld (balance sheet total €10.6m, equity €21,296).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €99,428 | €48,224 | €160 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,218 | €8,218 | €8,260 | €8,304 | €988 | ▼ 88.1% |
| Other operating charges640/8 | €867 | €1,314 | €1,443 | €3,476 | €1,689 | ▼ 51.4% |
| Gross operating margin9900 | €431,326 | €491,422 | €583,093 | €614,706 | €409,505 | ▼ 33.4% |
| Operating profit (loss)9901 | €322,812 | €433,666 | €573,230 | €602,926 | €406,828 | ▼ 32.5% |
| Financial income75/76B | - | €1.0m | €3.0m | €25,358 | €15,911 | ▼ 37.3% |
| Recurring financial income75 | - | €1.0m | €3.0m | €25,358 | €15,911 | ▼ 37.3% |
| Financial charges65/66B | €453,854 | €437,577 | €758,620 | €615,338 | €4.0m | ▲ 548% |
| Recurring financial charges65 | €453,854 | €437,577 | €758,620 | €615,338 | €589,266 | ▼ 4.2% |
| Non-recurring financial charges66B | - | - | - | - | €3.4m | - |
| Profit (loss) for the period before taxes9903 | -€131,042 | €996,089 | €2.8m | €12,946 | -€3.6m | ▼ 27,650% |
| Income taxes67/77 | €329 | €358 | -€1 | - | - | - |
| Profit (loss) for the period9904 | -€131,371 | €995,731 | €2.8m | €12,946 | -€3.6m | ▼ 27,650% |
| Profit (loss) for the period to be appropriated9905 | -€131,371 | €995,731 | €2.8m | €12,946 | -€3.6m | ▼ 27,650% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.9m | €13.2m | €14.0m | €15.8m | €10.6m | ▼ 33.0% |
| Fixed assets21/28 | €11.9m | €13.1m | €13.0m | €13.4m | €10.0m | ▼ 25.4% |
| Tangible fixed assets22/27 | €25,643 | €17,425 | €9,594 | €1,290 | - | - |
| Furniture and vehicles24 | €25,643 | €17,425 | €9,594 | €1,290 | - | - |
| Financial fixed assets28 | €11.8m | €13.0m | €13.0m | €13.4m | €10.0m | ▼ 25.4% |
| Current assets29/58 | €34,059 | €192,794 | €932,198 | €2.4m | €589,438 | ▼ 75.5% |
| Amounts receivable within one year40/41 | €1,585 | €27,588 | €851,503 | €1.1m | €461,082 | ▼ 58.0% |
| Trade receivables40 | - | €27,588 | - | - | €91,960 | - |
| Other amounts receivable41 | €1,585 | - | €851,503 | €1.1m | €369,122 | ▼ 66.4% |
| Current investments50/53 | - | - | - | - | €38,500 | - |
| Cash at bank and in hand54/58 | €31,484 | €164,769 | €80,259 | €1.3m | €87,026 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | €990 | €437 | €436 | €452 | €2,830 | ▲ 526% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.9m | €13.2m | €14.0m | €15.8m | €10.6m | ▼ 33.0% |
| Equity10/15 | -€243,547 | €752,184 | €3.6m | €3.6m | €21,296 | ▼ 99.4% |
| Contributions10/11 | €18,846 | €18,846 | €18,846 | €18,846 | €18,846 | = |
| Profit (loss) carried forward14 | -€262,393 | €733,338 | €3.6m | €3.6m | €2,450 | ▼ 99.9% |
| Amounts payable17/49 | €12.1m | €12.5m | €10.4m | €12.2m | €10.6m | ▼ 13.5% |
| Amounts payable after more than one year17 | €9.1m | €8.3m | €8.8m | €8.9m | €8.8m | ▼ 0.7% |
| Financial debts170/4 | €9.1m | €8.3m | €8.8m | €8.9m | €8.8m | ▼ 0.7% |
| Amounts payable within one year42/48 | €3.1m | €4.2m | €1.6m | €3.3m | €1.7m | ▼ 47.6% |
| Current portion of amounts payable after more than one year42 | €1.0m | €1.9m | €1.2m | €2.5m | €1.1m | ▼ 57.0% |
| Trade debts44 | €119,849 | €278,897 | €139,202 | €114,679 | €37,889 | ▼ 67.0% |
| Suppliers440/4 | €119,849 | €278,897 | €139,202 | €114,679 | €37,889 | ▼ 67.0% |
| Taxes, remuneration and social security45 | €75,155 | €39,606 | €22,144 | €22,941 | €24,123 | ▲ 5.2% |
| Taxes450/3 | €59,798 | €36,603 | €22,144 | €22,941 | €24,123 | ▲ 5.2% |
| Remuneration and social security454/9 | €15,357 | €3,003 | - | - | - | - |
| Other amounts payable47/48 | €1.9m | €2.0m | €222,169 | €655,347 | €588,611 | ▼ 10.2% |
| Accrued charges and deferred income492/3 | €244 | - | - | €25,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€131,371 | €995,731 | €2.8m | €12,946 | -€3.6m | ▼ 27,650% |
| + Depreciation and write-downs630 | €8,218 | €8,218 | €8,260 | €8,304 | €988 | ▼ 88.1% |
| Operating cash flow (approximation) | -€123,153 | €1.0m | €2.8m | €21,250 | -€3.6m | ▼ 16,879% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€389 | -€370,000 | €3.4m | ▲ 1,019% |
| Change in cash | - | €133,285 | -€84,509 | €1.2m | -€1.2m | ▼ 199% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€3.6m
Net result drops to -€3.6m, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €2.8m ▲183%
Net result €2.8m, the highest in the series.
31-12
Financial
Equity above €2mEq €3.6m ▲375%
2 profitable years in a row build equity to €3.6m.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €995,731
Net result €995,731 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €752,184
Equity rises from -€243,547 to €752,184.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 1 establishment unit since 2019
Ground area
357 m²
Building footprint
85 m²
Volume, LiDAR
720 m³
Parcel 21614F0453/00R002, Brussels · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Louvers Technologies
since 20192.296.349.987
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614F0453/00R002 | Brussels | 357 m² | 1 · 85 m² | 10.3 m · 3 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.
Structure & network
Part of the group
HAMAAN
14 companies
Group, risk and exposure
Owners and holdings
2 owners · 7 holdings · 10 subsidiaries in the treeChain of control
- HAMAAN
- Louvers Technologies
Highest known parent: HAMAAN. The sources do not say who stands above it.
Owners 2
- HAMAANparentSourceaccounts HAMAAN 202272.58%
-
10%
Holdings 7
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 10
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- ATELIER LUXOR 100%
BLINDS HOLDING 100%3 subsidiaries
- BRIAR 100%
LOUVERS BELGIUM COMPANY 100%1 subsidiary
- LENDERS - BOOST 100%
- COTESE 100%
- COTESE-AKOESTIKS 100%
- Etablissements Libotte 100%
- IMMOLI 100%
- SERVIO PROJECTS 100%
According to the 2025 annual accounts of Louvers Technologies and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900VPBBARD4M0L747
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 31,276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732793923
Also
9925:BE0732793923
Registered
12-11-2025
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.