Summary
LU MAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €191,307 and a net result of €74,462. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 2463 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
114 d early
2024
70 d early
2023
22 d early
2022
62 d early
2021
110 d early
2020
123 d early
2019
106 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 87 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 22 May (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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 What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€191,307▲ 30.3%
2024 · €146,845
Net result
€74,462▲ 22.7%
2024 · €60,686
Total assets
€577,593▲ 3.6%
2024 · €557,552
Solvency
33.1%▲ 6.8pp
2024 · 26.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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€70,263▲ 11.5%€64,646▼ 8.0%€70,829▲ 9.6%€90,425▲ 27.7%€106,335▲ 17.6%
Net result€44,622within the sector's middle half▲ 7.3%€45,089within the sector's middle half▲ 1.0%€47,001within the sector's middle half▲ 4.2%€60,686within the sector's middle half▲ 29.1%€74,462within the sector's middle half▲ 22.7%
Equity€131,669within the sector's middle half▲ 51.3%€176,758within the sector's middle half▲ 34.2%€223,759within the sector's middle half▲ 26.6%€146,845within the sector's middle half▼ 34.4%€191,307within the sector's middle half▲ 30.3%
Total assets€566,908within the sector's middle half▼ 15.2%€568,975within the sector's middle half▲ 0.4%€565,472within the sector's middle half▼ 0.6%€557,552within the sector's middle half▼ 1.4%€577,593within the sector's middle half▲ 3.6%
Debt€435,239▼ 25.2%€392,217▼ 9.9%€341,713▼ 12.9%€410,707▲ 20.2%€386,286▼ 5.9%
Working capital-€2,160within the sector's middle half▲ 98.7%€10,127within the sector's middle half€4,672within the sector's middle half▼ 53.9%-€117,168below the sector's middle half-€137,020below the sector's middle half▼ 16.9%
Solvency23.2%within the sector's middle half▲ 10.2pp31.1%within the sector's middle half▲ 7.8pp39.6%within the sector's middle half▲ 8.5pp26.3%within the sector's middle half▼ 13.2pp33.1%within the sector's middle half▲ 6.8pp
Current ratio0.96below the sector's middle half▲ 0.491.21within the sector's middle half▲ 0.251.09within the sector's middle half▼ 0.120.29below the sector's middle half▼ 0.810.20below the sector's middle half▼ 0.08
Return on assets (ROA)7.9%within the sector's middle half▲ 1.6pp7.9%within the sector's middle half▲ 0.1pp8.3%within the sector's middle half▲ 0.4pp10.9%within the sector's middle half▲ 2.6pp12.9%within the sector's middle half▲ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577,593
Fixed assets
€542,581 ▲ 6.3%
Current assets
€35,012 ▼ 25.6%
Equity and liabilities €577,593
Equity
€191,307 ▲ 30.3%
Debt
€386,286 ▼ 5.9%
Debt's share of the balance-sheet total falls from 73.7% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
38.9%▼
2024 · 41.3%
Debt ≤ 1 year
€172,032▲
2024 · €164,217
Debt > 1 year
€214,254▼
2024 · €246,489
Income taxes
€26,540▲
2024 · €23,538
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,750 | €5,750 | €574 | €0 | €718 | - |
| Other operating charges640/8 | €1,055 | €938 | €1,026 | €1,066 | €1,123 | ▲ 5.4% |
| Gross operating margin9900 | €77,068 | €71,335 | €72,429 | €91,491 | €108,176 | ▲ 18.2% |
| Operating profit (loss)9901 | €70,263 | €64,646 | €70,829 | €90,425 | €106,335 | ▲ 17.6% |
| Financial income75/76B | €0 | €6,198 | €0 | - | - | - |
| Recurring financial income75 | €0 | €6,198 | €0 | - | - | - |
| Financial charges65/66B | €8,410 | €8,183 | €6,940 | €6,201 | €5,333 | ▼ 14.0% |
| Recurring financial charges65 | €8,410 | €8,183 | €6,940 | €6,201 | €5,333 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €61,853 | €62,661 | €63,889 | €84,224 | €101,002 | ▲ 19.9% |
| Income taxes67/77 | €17,231 | €17,572 | €16,888 | €23,538 | €26,540 | ▲ 12.8% |
| Profit (loss) for the period9904 | €44,622 | €45,089 | €47,001 | €60,686 | €74,462 | ▲ 22.7% |
| Profit (loss) for the period to be appropriated9905 | €44,622 | €45,089 | €47,001 | €60,686 | €74,462 | ▲ 22.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €566,908 | €568,975 | €565,472 | €557,552 | €577,593 | ▲ 3.6% |
| Fixed assets21/28 | €516,827 | €511,076 | €510,502 | €510,502 | €542,581 | ▲ 6.3% |
| Tangible fixed assets22/27 | €6,324 | €574 | €0 | - | €32,079 | - |
| Furniture and vehicles24 | €6,324 | €574 | €0 | - | €32,079 | - |
| Financial fixed assets28 | €510,502 | €510,502 | €510,502 | €510,502 | €510,502 | = |
| Current assets29/58 | €50,081 | €57,899 | €54,970 | €47,049 | €35,012 | ▼ 25.6% |
| Amounts receivable within one year40/41 | €769 | €2,419 | €0 | - | €5,274 | - |
| Trade receivables40 | - | €2,419 | €0 | - | €5,274 | - |
| Other amounts receivable41 | €769 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €49,312 | €55,480 | €54,669 | €46,793 | €26,851 | ▼ 42.6% |
| Deferred charges and accrued income490/1 | - | - | €301 | €257 | €2,887 | ▲ 1,025% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €566,908 | €568,975 | €565,472 | €557,552 | €577,593 | ▲ 3.6% |
| Equity10/15 | €131,669 | €176,758 | €223,759 | €146,845 | €191,307 | ▲ 30.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €124,860 | €169,860 | €217,360 | €128,160 | €172,660 | ▲ 34.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €123,000 | €168,000 | €217,360 | €128,160 | €172,660 | ▲ 34.7% |
| Profit (loss) carried forward14 | €609 | €698 | €199 | €85 | €47 | ▼ 44.5% |
| Amounts payable17/49 | €435,239 | €392,217 | €341,713 | €410,707 | €386,286 | ▼ 5.9% |
| Amounts payable after more than one year17 | €382,598 | €344,445 | €291,415 | €246,489 | €214,254 | ▼ 13.1% |
| Financial debts170/4 | €382,598 | €344,445 | €291,415 | €246,489 | €214,254 | ▼ 13.1% |
| Amounts payable within one year42/48 | €52,241 | €47,772 | €50,298 | €164,217 | €172,032 | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | €44,015 | €41,616 | €42,449 | €43,301 | €50,564 | ▲ 16.8% |
| Trade debts44 | €1,328 | €3,274 | €4,339 | €3,216 | €4,492 | ▲ 39.7% |
| Suppliers440/4 | €1,328 | €3,274 | €4,339 | €3,216 | €4,492 | ▲ 39.7% |
| Taxes, remuneration and social security45 | €5,688 | €1,973 | €2,449 | €8,898 | €11,417 | ▲ 28.3% |
| Taxes450/3 | €2,666 | €1,973 | €2,449 | €8,898 | €11,417 | ▲ 28.3% |
| Remuneration and social security454/9 | €3,022 | €0 | - | - | - | - |
| Other amounts payable47/48 | €1,209 | €910 | €1,061 | €108,802 | €105,558 | ▼ 3.0% |
| Accrued charges and deferred income492/3 | €400 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,622 | €45,089 | €47,001 | €60,686 | €74,462 | ▲ 22.7% |
| + Depreciation and write-downs630 | €5,750 | €5,750 | €574 | €0 | €718 | - |
| Operating cash flow (approximation) | €50,372 | €50,840 | €47,575 | €60,686 | €75,180 | ▲ 23.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€32,797 | - |
| Change in cash | - | €6,167 | -€811 | -€7,876 | -€19,942 | ▼ 153% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €74,462 ▲22.7%
Operating result €106,335, net result €74,462, both a record.
31-12
Financial
Equity above €150,000Eq €191,307 ▲30.3%
7 profitable years in a row build equity to €191,307.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €223,759 ▲26.6%
5 profitable years in a row build equity to €223,759.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €176,758 ▲34.2%
4 profitable years in a row build equity to €176,758.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €131,669 ▲51.3%
3 profitable years in a row build equity to €131,669.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €41,602 ▼6%
Net result drops to €41,602, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
Ground area
282 m²
Building footprint
282 m²
Volume, LiDAR
3,481 m³
Parcel 11011A0465/00C000, Flanders · tallest building 15.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LU MAN
since 20182.274.101.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0465/00C000 | Flanders | 282 m² | 1 · 282 m² | 15.1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
39.25%
According to the 2025 annual accounts of LU MAN 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.
Similar companies · same sector, comparable size
CAPITAL PLAN INSURANCE
BE 0446.859.204
Boechout · Eq €191,264
MAKIA
BE 0668.357.516
Blankenberge · Eq €191,146
ROELAND-DE MUNCK
BE 0478.396.872
Sint-Gillis-Waas · Eq €190,922
ASSURANCES DURANT & FILS
BE 0439.031.896
Charleroi · Eq €190,892
HERBAY & KO
BE 0877.958.678
Jemeppe-sur-Sambre · Eq €191,803
Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,819 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
Founded22-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.