LUBA DEV
ActiveSummary
LUBA DEV has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,135) and a net result of -€3,753. Equity is shrinking by ~40% per year across the filed fiscal years. Its solvency ranks better than 5% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+28
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.14 in 2024; short-term debt: 290.4% and cash: 7.9% of total assets), and equity is negative.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-190.4%
Return on assets
-30.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€23,135
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 17-07-2026, 14 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
14 d early
2024
3 d early
2023
41 d early
2022
28 d early
2021
25 d early
2020
51 d early
2019
45 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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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
-€3,753▲ 37.2%
2024 · -€5,979
Working capital
-€30,549▲ 6.7%
2024 · -€32,727
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-€8,306▲ 64.4%€11,326€7,537▼ 33.5%-€5,565-€3,366▲ 39.5%
Net result-€8,631▲ 63.6%€10,991€7,173▼ 34.7%-€5,979-€3,753▲ 37.2%
Equity-€9,568▼ 921%€1,424-€13,403-€19,382▼ 44.6%-€23,135▼ 19.4%
Total assets€10,137▼ 34.7%€21,377▲ 111%€29,894▲ 39.8%€18,684▼ 37.5%€12,150▼ 35.0%
Debt€19,705▲ 19.6%€19,953▲ 1.3%€43,297▲ 117%€38,067▼ 12.1%€35,285▼ 7.3%
Working capital-€12,889▲ 11.0%€1,263-€32,679-€32,727▼ 0.1%-€30,549▲ 6.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,366 in 2025 against €5,565 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,150
Fixed assets
€7,414 ▼ 44.4%
Current assets
€4,736 ▼ 11.3%
Key figures and ratios
EBITDA
€2,565▲
2024 · €366
Cash flow
€2,179▲
2024 · -€48
Solvency
-190.4%▼
2024 · -103.7%
Current ratio
0.13▼
2024 · 0.14
Debt to equity
-1.53▲
2024 · -1.96
ROA
-30.9%▲
2024 · -32.0%
Interest coverage
21.24▲
2024 · 2.58
Debt ≤ 1 year
€35,285▼
2024 · €38,067
Income taxes
€266▼
2024 · €272
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,612 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,225 | €3,161 | €4,609 | €5,931 | €5,931 | = |
| Other operating charges640/8 | €794 | €834 | €614 | €564 | €582 | ▲ 3.3% |
| Gross operating margin9900 | €2,712 | €15,320 | €12,760 | €930 | €3,147 | ▲ 238% |
| Operating profit (loss)9901 | -€8,306 | €11,326 | €7,537 | -€5,565 | -€3,366 | ▲ 39.5% |
| Financial income75/76B | €0 | - | €0 | - | - | - |
| Recurring financial income75 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | €127 | €128 | €87 | €142 | €121 | ▼ 14.9% |
| Recurring financial charges65 | €127 | €128 | €87 | €142 | €121 | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | -€8,433 | €11,198 | €7,450 | -€5,707 | -€3,487 | ▲ 38.9% |
| Income taxes67/77 | €198 | €206 | €276 | €272 | €266 | ▼ 2.3% |
| Profit (loss) for the period9904 | -€8,631 | €10,991 | €7,173 | -€5,979 | -€3,753 | ▲ 37.2% |
| Transfer from tax-exempt reserves789 | - | - | €108 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€8,631 | €10,991 | €7,281 | -€5,979 | -€3,753 | ▲ 37.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,137 | €21,377 | €29,894 | €18,684 | €12,150 | ▼ 35.0% |
| Formation expenses20 | €70 | - | - | - | - | - |
| Fixed assets21/28 | €3,251 | €161 | €19,276 | €13,345 | €7,414 | ▼ 44.4% |
| Intangible fixed assets21 | €2,250 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,001 | €161 | €19,276 | €13,345 | €7,414 | ▼ 44.4% |
| Furniture and vehicles24 | €1,001 | €161 | €19,276 | €13,345 | €7,414 | ▼ 44.4% |
| Current assets29/58 | €6,816 | €21,216 | €10,617 | €5,339 | €4,736 | ▼ 11.3% |
| Amounts receivable within one year40/41 | €2,058 | €3,660 | €1,647 | €1,331 | €1,664 | ▲ 25.0% |
| Trade receivables40 | €1,997 | €3,660 | €1,331 | €1,331 | €1,664 | ▲ 25.0% |
| Other amounts receivable41 | €61 | - | €316 | - | - | - |
| Cash at bank and in hand54/58 | €4,758 | €17,556 | €7,007 | €2,140 | €964 | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | €1,964 | €1,868 | €2,109 | ▲ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,137 | €21,377 | €29,894 | €18,684 | €12,150 | ▼ 35.0% |
| Equity10/15 | -€9,568 | €1,424 | -€13,403 | -€19,382 | -€23,135 | ▼ 19.4% |
| Contributions10/11 | €22,000 | €22,000 | - | - | - | - |
| Reserves13 | €108 | €108 | - | - | - | - |
| Non-distributable reserves130/1 | €108 | €108 | - | - | - | - |
| Reserves not available under the articles1311 | €108 | €108 | - | - | - | - |
| Profit (loss) carried forward14 | -€31,676 | -€20,685 | -€13,403 | -€19,382 | -€23,135 | ▼ 19.4% |
| Amounts payable17/49 | €19,705 | €19,953 | €43,297 | €38,067 | €35,285 | ▼ 7.3% |
| Amounts payable within one year42/48 | €19,705 | €19,953 | €43,297 | €38,067 | €35,285 | ▼ 7.3% |
| Trade debts44 | €1,522 | €570 | €3,025 | - | €2,268 | - |
| Suppliers440/4 | €1,522 | €570 | €3,025 | - | €2,268 | - |
| Taxes, remuneration and social security45 | €198 | €1,388 | €276 | €574 | €496 | ▼ 13.5% |
| Taxes450/3 | €198 | €1,388 | €276 | €574 | €496 | ▼ 13.5% |
| Other amounts payable47/48 | €17,985 | €17,995 | €39,995 | €37,493 | €32,521 | ▼ 13.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,631 | €10,991 | €7,173 | -€5,979 | -€3,753 | ▲ 37.2% |
| + Depreciation and write-downs630 | €10,225 | €3,161 | €4,609 | €5,931 | €5,931 | = |
| Operating cash flow (approximation) | €1,595 | €14,152 | €11,782 | -€48 | €2,179 | ▲ 4,659% |
| Investment in fixed assets (approximation) | - | -€70 | -€23,725 | €0 | €0 | - |
| Change in cash | - | €12,798 | -€10,549 | -€4,867 | -€1,176 | ▲ 75.8% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €10,991
Net result €10,991 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.35 to 1.06.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€23,695
Net result drops to -€23,695, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €1,459
Net result €1,459 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2017
Ground area
434 m²
Building footprint
116 m²
Volume, LiDAR
725 m³
Parcel 92009A0006/00K000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUBA DEV
since 20172.263.393.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92009A0006/00K000 | Wallonia | 434 m² | 1 · 115 m² | 9.0 m · 2 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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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 2,324 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
Founded13-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
lucbarbier@hotmail.comNamur
Phone
0475/665510Namur
Scores and ratios are computed by Checked and are not a credit decision.