LUAN
ActiveSummary
LUAN has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€64,707. Equity is growing by ~41.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-68
Solvency100▲+16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 2.82 in 2024; short-term debt: 4.1% and cash: 0.3% of total assets), and 10.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
57 d early
2023
29 d early
2022
4 d early
2021
42 d early
2020
39 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 38 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 20 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.4m▼ 4.4%
2024 · €1.5m
Total assets
€1.6m▼ 36.5%
2024 · €2.5m
Net result
-€64,707
2024 · €270,956
Working capital
-€59,777
2024 · €573,776
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,025▼ 12.6%-€69,327▼ 529%-€33,224▲ 52.1%€327,634-€69,206
Net result-€6,811▼ 25.4%-€62,542▼ 818%-€18,039▲ 71.2%€270,956-€64,707
Equity€241,579▼ 2.7%€1.2m▲ 410%€1.2m▼ 1.5%€1.5m▲ 22.3%€1.4m▼ 4.4%
Total assets€364,090▼ 3.1%€2.0m▲ 436%€1.9m▼ 1.1%€2.5m▲ 30.1%€1.6m▼ 36.5%
Debt€55,349▼ 1.2%€656,728▲ 1,087%€657,316▲ 0.1%€915,297▲ 39.2%€65,449▼ 92.8%
Working capital-€41,794▲ 11.0%€851,077€440,346▼ 48.3%€573,776▲ 30.3%-€59,777
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €69,206 after €327,634 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.6m ▼ 2.1%
Current assets
€5,672 ▼ 99.4%
Equity and liabilities €1.6m
Equity
€1.4m ▼ 4.4%
Provisions
€107,874 ▼ 3.2%
Debt
€65,449 ▼ 92.8%
Debt's share of the balance-sheet total falls from 36.4% to 4.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€23,709▼
2024 · €424,334
Cash flow
-€19,210▼
2024 · €367,657
Current ratio
0.09▼
2024 · 2.82
Debt to equity
0.05▼
2024 · 0.62
ROE
-4.6%▼
2024 · 18.2%
ROA
-4.1%▼
2024 · 10.8%
Interest coverage
-8.75▼
2024 · 76.82
Debt ≤ 1 year
€65,449▼
2024 · €315,297
Debt > 1 year
€0▼
2024 · €600,000
Income taxes
€0▼
2024 · €7,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
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 bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €494,601 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,302 | €60,584 | €35,704 | €96,700 | €45,497 | ▼ 53.0% |
| Other operating charges640/8 | - | €3,713 | €2,257 | €641 | €2,937 | ▲ 358% |
| Non-recurring operating charges66A | - | - | - | €45,012 | €23,561 | ▼ 47.7% |
| Gross operating margin9900 | €7,326 | -€5,030 | €4,737 | €469,988 | €2,789 | ▼ 99.4% |
| Operating profit (loss)9901 | -€11,025 | -€69,327 | -€33,224 | €327,634 | -€69,206 | ▼ 121% |
| Financial income75/76B | - | €5,612 | €16,545 | €9,124 | €3,610 | ▼ 60.4% |
| Recurring financial income75 | - | €5,612 | €16,545 | €9,124 | €3,610 | ▼ 60.4% |
| Financial charges65/66B | - | €3,102 | €5,636 | €5,523 | €2,708 | ▼ 51.0% |
| Recurring financial charges65 | €61 | €3,102 | €5,636 | €5,523 | €2,708 | ▼ 51.0% |
| Profit (loss) for the period before taxes9903 | -€11,086 | -€66,817 | -€22,315 | €331,235 | -€68,305 | ▼ 121% |
| Transfer from deferred taxes780 | - | €4,275 | €4,275 | €65,859 | €3,598 | ▼ 94.5% |
| Transfer to deferred taxes680 | - | - | - | €118,719 | €0 | ▼ 100% |
| Income taxes67/77 | - | - | - | €7,418 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€6,811 | -€62,542 | -€18,039 | €270,956 | -€64,707 | ▼ 124% |
| Transfer from tax-exempt reserves789 | - | €8,303 | €8,303 | €135,424 | €10,793 | ▼ 92.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €356,158 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €1,492 | -€54,239 | -€9,737 | €50,223 | -€53,914 | ▼ 207% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,090 | €2.0m | €1.9m | €2.5m | €1.6m | ▼ 36.5% |
| Fixed assets21/28 | €350,882 | €1.0m | €1.4m | €1.6m | €1.6m | ▼ 2.1% |
| Tangible fixed assets22/27 | €350,882 | €1.0m | €1.4m | €1.6m | €1.6m | ▼ 2.1% |
| Land and buildings22 | - | €1.0m | €1.4m | €1.6m | €1.6m | ▼ 2.1% |
| Current assets29/58 | €13,208 | €907,804 | €497,662 | €889,073 | €5,672 | ▼ 99.4% |
| Amounts receivable within one year40/41 | - | - | €4,964 | €250,932 | €1,316 | ▼ 99.5% |
| Trade receivables40 | - | - | - | - | €333 | - |
| Other amounts receivable41 | - | - | €4,964 | €250,932 | €983 | ▼ 99.6% |
| Current investments50/53 | - | €400,747 | €400,747 | €153,980 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13,208 | €507,057 | €91,842 | €484,161 | €4,356 | ▼ 99.1% |
| Deferred charges and accrued income490/1 | - | - | €109 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,090 | €2.0m | €1.9m | €2.5m | €1.6m | ▼ 36.5% |
| Equity10/15 | €241,579 | €1.2m | €1.2m | €1.5m | €1.4m | ▼ 4.4% |
| Contributions10/11 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €198,870 | €188,708 | €180,406 | €401,139 | €390,347 | ▼ 2.7% |
| Tax-exempt reserves132 | - | €121,983 | €113,681 | €334,415 | €323,622 | ▼ 3.2% |
| Distributable reserves133 | - | €66,725 | €66,725 | €66,725 | €66,725 | = |
| Profit (loss) carried forward14 | €24,117 | -€30,122 | -€39,859 | €10,364 | -€43,551 | ▼ 520% |
| Provisions and deferred taxes16 | €67,162 | €62,887 | €58,612 | €111,472 | €107,874 | ▼ 3.2% |
| Deferred taxes168 | - | €62,887 | €58,612 | €111,472 | €107,874 | ▼ 3.2% |
| Amounts payable17/49 | €55,349 | €656,728 | €657,316 | €915,297 | €65,449 | ▼ 92.8% |
| Amounts payable after more than one year17 | - | €600,000 | €600,000 | €600,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €600,000 | €600,000 | €600,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €55,001 | €56,728 | €57,316 | €315,297 | €65,449 | ▼ 79.2% |
| Trade debts44 | - | €1,652 | €2,240 | €315,297 | €120 | ▼ 100.0% |
| Suppliers440/4 | - | €1,652 | €2,240 | €315,297 | €120 | ▼ 100.0% |
| Other amounts payable47/48 | - | €55,076 | €55,076 | €0 | €65,329 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,811 | -€62,542 | -€18,039 | €270,956 | -€64,707 | ▼ 124% |
| + Depreciation and write-downs630 | €16,302 | €60,584 | €35,704 | €96,700 | €45,497 | ▼ 53.0% |
| Operating cash flow (approximation) | €9,491 | -€1,958 | €17,665 | €367,657 | -€19,210 | ▼ 105% |
| Investment in fixed assets (approximation) | - | -€754,549 | -€424,120 | -€287,087 | -€10,746 | ▲ 96.3% |
| Change in cash | - | €493,850 | -€415,215 | €392,319 | -€479,805 | ▼ 222% |
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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€64,707
Net result drops to -€64,707, the lowest in the series.
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €270,956
Net result €270,956 after 5 loss-making years.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity times 67current ratio 16.00
Current ratio from 0.24 to 16.00.
30-06
Financial
Equity above €1mEq €1.2m ▲410%
Equity rises from €241,579 to €1.2m.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
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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, Mechelen · 1 establishment unit since 1982
Ground area
1,494 m²
Building footprint
549 m²
Parcel 12403D0343/00C000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
LUAN
since 19822.021.453.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0343/00C000 | Flanders | 1,494 m² | 1 · 549 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400OIBEZX1ZRB7540
Identification & contact
Identification
Legal formPrivate limited company
Founded22-10-1982
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423270386
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.