Starting capital
€5,000 100 shares
LUARE
Lifetime
1 annual account with figurespeak €98,100 (2025)
€98,100
peak €10,667 (2025)
€10,667
peak €15,667 (2025)
€15,667
€12,315
Board2 names since 2025
2 directorsLaure Garcia-Mendez and 1 other
Documentsfilings and deeds
20-06-202641 days before the deadline
2025micro format
Incorporation 16-061 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 66% of micro companies in other professional activities (NACE 74)
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 5,431 companies (NACE 74, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 0.1%lowest value
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 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €98,100, total assets €27,983
Founded in 2025
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
Liquidity: current ratio 1.99, cash €22,810
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 74, micro). It does better than 57% of them on solvency, 71% on liquidity and 69% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
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, 11,279 companies had the same profile as LUARE has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of LUARE 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 11,279 companies, not a prediction for LUARE. 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 €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.99, above the usual 1.5. Short-term debt is 44% and cash 81.5% of total assets. 44% 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
Five signals.
lowers riskraises riskneutral
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 20-06-2026, 41 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
41 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Laure Garcia-Mendez 60 sharesdeed of 16-06-2025
- Luis Garcia-Mendez 40 sharesdeed of 16-06-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1024237648
Incorporation
Founding capital of €5,000, 100 shares · Founders: Laure Garcia-Mendez and Luis Garcia-Mendez · Appointments: Luis Garcia-Mendez (director) and Laure Garcia-Mendez (director) · published on 16-06-2025 · Gazette deed
First establishment
Chaussée d'Alsemberg 412, Braine-l'Alleud
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUARE Braine-l'Alleud | €27,983 | €13,965 | 56.0% | - |
| DESIGN BY T Kapellen | €23,089 | €19,734 | 60.4% | - |
| VeTt Projects Turnhout | €21,975 | €5,465 | 30.3% | - |
| Danymite Creations Ghent | €35,707 | €4,503 | 17.0% | - |
| Berabose Designs Brussels | €40,693 | €16,707 | 53.0% | - |
| 222p.c Oudenaarde | €44,780 | €4,753 | -33.0% | - |
| LVDP Antwerp Antwerp | €70,820 | €31,098 | 43.5% | - |
These companies have the same main activity as LUARE: design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111). They are comparable in size and age: total assets between €22,000 and €70,800, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 12-06-2025Normal situation
- Activity
- Design of textile patterns, clothing, jewellery, furniture and decorative itemsNACE 74111
- Establishment unit
- 2.374.815.2671420 Braine-l'Alleud, since 12-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 30-11-2025
Annual accounts 2025
- €27,983
- Filing
- Filed on 20-06-2026, 41 days before the end of the filing period
Insights on LUARE
LUARE has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,667 and a net result of €10,667.
Its solvency ranks better than 56% of 4,362 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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 LUARE
- What is the company number of LUARE?
- The company number of LUARE is 1024.237.648. The VAT number is the same number with BE in front: BE 1024.237.648.
- Where is LUARE based?
- The registered office is at Chaussée d'Alsemberg 412, 1420 Braine-l'Alleud.Company details
- What does LUARE do?
- According to the KBO register, the main activity is design of textile patterns, clothing, jewellery, furniture and decorative items (NACE 74111).
- What is the legal form of LUARE?
- LUARE is a private limited company (BV).
- When was LUARE founded?
- LUARE was founded on 12-06-2025.
- Is LUARE still active?
- Yes, LUARE is an active enterprise in the KBO register.
- What is the turnover of LUARE?
- The turnover of LUARE was €98,100 in financial year 2025, according to the filed annual accounts.Financials
- Is LUARE profitable?
- In financial year 2025, LUARE made a profit of €10,667.
- Where can I find the annual accounts of LUARE?
- LUARE filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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