Checked.be · Company dossierhttps://checked.be/en/c/lubaco-0426985189 · as of 01-10-2026
LUBACO
Active
Private limited company · founded 1985 · 41 yrs activeLiersesteenweg 174, 2520 Ranst, BelgiumKBO/BCE: BE 0426.985.189
Summary
LUBACO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €563,258 and a net result of €54,646. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 86% of 4272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability70▼-5
Solvency100=
Growth50▲+3
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.4%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.7 in 2024; short-term debt: 23.9% and cash: 20.5% of total assets), and 24.6% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 1 July (5 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 14 March 1985, LUBACO was incorporated.1Revenue went from EUR 1.2 million in 2018 to EUR 1.2 million in 2025 and headcount from 3.2 to 1.4 full-time equivalents.2
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
Net result-€15,753below the sector's middle half▲ 73.2%-€60,114below the sector's middle half▼ 282%€71,424within the sector's middle half€73,665within the sector's middle half▲ 3.1%€54,646within the sector's middle half▼ 25.8%
Equity€478,283within the sector's middle half▼ 3.2%€418,169within the sector's middle half▼ 12.6%€489,592within the sector's middle half▲ 17.1%€563,258within the sector's middle half▲ 15.0%€563,258within the sector's middle half=
Total assets€758,264within the sector's middle half▼ 2.9%€708,391within the sector's middle half▼ 6.6%€720,206within the sector's middle half▲ 1.7%€709,295within the sector's middle half▼ 1.5%€746,880within the sector's middle half▲ 5.3%
Working capital€75,132within the sector's middle half▲ 29.6%€59,566within the sector's middle half▼ 20.7%€160,520within the sector's middle half▲ 169%€248,888within the sector's middle half▲ 55.1%€245,873within the sector's middle half▼ 1.2%
Solvency63.1%above the sector's middle half▼ 0.2pp59.0%above the sector's middle half▼ 4.0pp68.0%above the sector's middle half▲ 8.9pp79.4%above the sector's middle half▲ 11.4pp75.4%above the sector's middle half▼ 4.0pp
Current ratio1.28within the sector's middle half▲ 0.061.21within the sector's middle half▼ 0.071.70within the sector's middle half▲ 0.492.70above the sector's middle half▲ 1.012.38within the sector's middle half▼ 0.33
Return on assets (ROA)-2.1%below the sector's middle half▲ 5.4pp-8.5%below the sector's middle half▼ 6.4pp9.9%above the sector's middle half▲ 18.4pp10.4%above the sector's middle half▲ 0.5pp7.3%within the sector's middle half▼ 3.1pp
Staff (FTE)1.4below the sector's middle half▼ 57.6%1.8below the sector's middle half▲ 28.6%2.3below the sector's middle half▲ 27.8%2.8within the sector's middle half▲ 21.7%1.4below the sector's middle half▼ 50.0%
abovewithinbelowthe middle half (P25 to P75) of NACE 47, Retail trade, 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 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €746,880
43.2%
56.8%
Fixed assets€322,365 ▲ 2.5%
Current assets€424,515 ▲ 7.5%
Equity and liabilities €746,880
75.4%
24.6%
Equity€563,258 =
Debt€183,622 ▲ 25.7%
Debt's share of the balance-sheet total rises from 20.6% to 24.6%. Debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€102,916▼
2024 · €108,330
Cash flow
€88,168▼
2024 · €107,869
Quick ratio
1.39▼
2024 · 1.43
Debt to equity
0.33▲
2024 · 0.26
ROE
9.7%▼
2024 · 13.1%
Interest coverage
32.05▲
2024 · 27.08
Debt ≤ 1 year
€178,642▲
2024 · €146,038
Income taxes
€15,597
Staff costs
€79,259▼
2024 · €160,431
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
Micro
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0.5%went bankrupt
5.9%stopped otherwise
93%still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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%
1.0%
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%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 69 lines
Balance sheetCode20242025
Assets
Total assets20/58€709,295€746,880▲
Fixed assets21/28€314,369€322,365▲
Intangible fixed assets21€3,741€1,701▼
Tangible fixed assets22/27€309,893€319,930▲
Land and buildings22€260,485€261,220▲
Plant, machinery and equipment23€18,122€14,204▼
Furniture and vehicles24-€16,800
Other tangible fixed assets26€31,287€27,705▼
Financial fixed assets28€735€735=
Other financial fixed assets284/8€735€735=
Amounts receivable and cash guarantees285/8€735€735=
Current assets29/58€394,926€424,515▲
Stocks and contracts in progress3€185,607€176,605▼
Stocks30/36€185,607€176,605▼
Goods purchased for resale34€185,607€176,605▼
Amounts receivable within one year40/41€83,662€82,717▼
Trade receivables40€83,662€77,564▼
Other amounts receivable41-€5,154
Cash at bank and in hand54/58€116,074€153,228▲
Deferred charges and accrued income490/1€9,583€11,964▲
Equity and liabilities
Total equity and liabilities10/49€709,295€746,880▲
Equity10/15€563,258€563,258=
Contributions10/11€369,539€369,539=
Reserves13€177,412€177,412=
Non-distributable reserves130/1€36,954€36,954=
Reserves not available under the articles1311€36,954€36,954=
Tax-exempt reserves132€140,458€140,458=
Profit (loss) carried forward14€16,307€16,307=
Amounts payable17/49€146,038€183,622▲
Amounts payable within one year42/48€146,038€178,642▲
Trade debts44€108,016€92,309▼
Suppliers440/4€108,016€92,309▼
Taxes, remuneration and social security45€38,022€31,688▼
Taxes450/3€19,378€21,537▲
Remuneration and social security454/9€18,644€10,150▼
Other amounts payable47/48-€54,646
Accrued charges and deferred income492/3-€4,980
Income statementCode20242025
Operating income70/76A€1.1m€1.2m▲
Turnover70€1.1m€1.2m▲
Other operating income74€3,011€1,887▼
Non-recurring operating income76A-€1,000
Operating charges60/66A€991,491€1.1m▲
Goods for resale, raw materials and consumables60€660,125€753,592▲
Purchases600/8€677,422€749,808▲
Change in stocks: decrease (increase)609-€17,297€3,784▲
Services and other goods61€146,226€258,292▲
Remuneration, social security and pensions62€160,431€79,259▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,203€33,522▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17,232€6,906▲
Other operating charges640/8€7,737€8,083▲
Operating profit (loss)9901€74,127€69,394▼
Financial income75/76B€5,579€4,495▼
Recurring financial income75€5,579€4,495▼
Other financial income752/9€5,579€4,495▼
Financial charges65/66B€6,040€3,647▼
Recurring financial charges65€6,040€3,647▼
Debt charges650€4,001€3,211▼
Other financial charges652/9€2,039€435▼
Profit (loss) for the period before taxes9903€73,665€70,243▼
Income taxes67/77-€15,597
Taxes670/3-€15,597
Profit (loss) for the period9904€73,665€54,646▼
Profit (loss) for the period to be appropriated9905€73,665€54,646▼
Appropriation of the result
Profit (loss) to be appropriated9906€16,307€70,952▲
Profit (loss) brought forward from the previous period14P-€57,359€16,307▲
Profit to be distributed694/7-€54,646
Return on contributions (dividend)694-€54,396
Employees696-€250
Social balance
Average headcount (FTE)90872.81.4▼
The notes to these accounts (54 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€794,335
€777,566
€1.0m
€1.1m
€1.2m
▲ 13.5%
Turnover70
€793,691
€776,848
€1.0m
€1.1m
€1.2m
▲ 13.5%
Other operating income74
€644
€718
€3,017
€3,011
€1,887
▼ 37.3%
Non-recurring operating income76A
-
-
-
-
€1,000
-
Operating charges60/66A
€808,851
€837,426
€941,156
€991,491
€1.1m
▲ 14.9%
Goods for resale, raw materials and consumables60
€465,738
€461,346
€598,436
€660,125
€753,592
▲ 14.2%
Purchases600/8
€470,533
€443,963
€577,442
€677,422
€749,808
▲ 10.7%
Change in stocks: decrease (increase)609
-€4,795
€17,383
€20,994
-€17,297
€3,784
▲ 122%
Services and other goods61
€185,616
€219,722
€158,896
€146,226
€258,292
▲ 76.6%
Remuneration, social security and pensions62
€87,984
€91,920
€129,526
€160,431
€79,259
▼ 50.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€49,215
€49,577
€38,387
€34,203
€33,522
▼ 2.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
€12,299
-€668
€8,327
-€17,232
€6,906
▲ 140%
Other operating charges640/8
€7,999
€15,529
€7,585
€7,737
€8,083
▲ 4.5%
Operating profit (loss)9901
-€14,516
-€59,860
€71,029
€74,127
€69,394
▼ 6.4%
Financial income75/76B
€3,202
€3,490
€9,108
€5,579
€4,495
▼ 19.4%
Recurring financial income75
€3,202
€3,490
€9,108
€5,579
€4,495
▼ 19.4%
Other financial income752/9
€3,202
€3,490
€9,108
€5,579
€4,495
▼ 19.4%
Financial charges65/66B
€4,439
€3,744
€8,713
€6,040
€3,647
▼ 39.6%
Recurring financial charges65
€4,439
€3,744
€8,713
€6,040
€3,647
▼ 39.6%
Debt charges650
€2,528
€1,982
€5,695
€4,001
€3,211
▼ 19.7%
Other financial charges652/9
€1,910
€1,762
€3,018
€2,039
€435
▼ 78.7%
Profit (loss) for the period before taxes9903
-€15,753
-€60,114
€71,424
€73,665
€70,243
▼ 4.6%
Income taxes67/77
-
-
-
-
€15,597
-
Taxes670/3
-
-
-
-
€15,597
-
Profit (loss) for the period9904
-€15,753
-€60,114
€71,424
€73,665
€54,646
▼ 25.8%
Profit (loss) for the period to be appropriated9905
-€15,753
-€60,114
€71,424
€73,665
€54,646
▼ 25.8%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€758,264
€708,391
€720,206
€709,295
€746,880
▲ 5.3%
Fixed assets21/28
€410,179
€360,602
€329,073
€314,369
€322,365
▲ 2.5%
Intangible fixed assets21
-
-
€5,782
€3,741
€1,701
▼ 54.5%
Tangible fixed assets22/27
€410,179
€360,602
€322,556
€309,893
€319,930
▲ 3.2%
Land and buildings22
€322,020
€293,650
€276,519
€260,485
€261,220
▲ 0.3%
Plant, machinery and equipment23
€25,651
€15,049
€4,737
€18,122
€14,204
▼ 21.6%
Furniture and vehicles24
€4,655
€3,012
€1,369
-
€16,800
-
Other tangible fixed assets26
€57,853
€48,892
€39,931
€31,287
€27,705
▼ 11.4%
Financial fixed assets28
-
-
€735
€735
€735
=
Other financial fixed assets284/8
-
-
€735
€735
€735
=
Amounts receivable and cash guarantees285/8
-
-
€735
€735
€735
=
Current assets29/58
€348,084
€347,789
€391,133
€394,926
€424,515
▲ 7.5%
Stocks and contracts in progress3
€196,413
€179,662
€150,341
€185,607
€176,605
▼ 4.8%
Stocks30/36
€196,413
€179,662
€150,341
€185,607
€176,605
▼ 4.8%
Goods purchased for resale34
€196,413
€179,662
€150,341
€185,607
€176,605
▼ 4.8%
Amounts receivable within one year40/41
€40,398
€41,403
€61,236
€83,662
€82,717
▼ 1.1%
Trade receivables40
€38,444
€38,594
€59,282
€83,662
€77,564
▼ 7.3%
Other amounts receivable41
€1,954
€2,809
€1,954
-
€5,154
-
Cash at bank and in hand54/58
€100,813
€125,207
€176,005
€116,074
€153,228
▲ 32.0%
Deferred charges and accrued income490/1
€10,460
€1,517
€3,551
€9,583
€11,964
▲ 24.8%
Equity and liabilities
Total equity and liabilities10/49
€758,264
€708,391
€720,206
€709,295
€746,880
▲ 5.3%
Equity10/15
€478,283
€418,169
€489,592
€563,258
€563,258
=
Contributions10/11
€369,539
€369,539
€369,539
€369,539
€369,539
=
Reserves13
€177,412
€177,412
€177,412
€177,412
€177,412
=
Non-distributable reserves130/1
€36,954
€36,954
€36,954
€36,954
€36,954
=
Reserves not available under the articles1311
€36,954
€36,954
€36,954
€36,954
€36,954
=
Tax-exempt reserves132
€140,458
€140,458
€140,458
€140,458
€140,458
=
Profit (loss) carried forward14
-€68,668
-€128,782
-€57,359
€16,307
€16,307
=
Amounts payable17/49
€279,981
€290,223
€230,614
€146,038
€183,622
▲ 25.7%
Amounts payable within one year42/48
€272,952
€288,223
€230,614
€146,038
€178,642
▲ 22.3%
Current portion of amounts payable after more than one year42
€16,682
-
-
-
-
-
Trade debts44
€65,542
€110,682
€83,216
€108,016
€92,309
▼ 14.5%
Suppliers440/4
€65,542
€110,682
€83,216
€108,016
€92,309
▼ 14.5%
Taxes, remuneration and social security45
€24,757
€27,198
€47,397
€38,022
€31,688
▼ 16.7%
Taxes450/3
€12,494
€10,926
€21,154
€19,378
€21,537
▲ 11.1%
Remuneration and social security454/9
€12,262
€16,272
€26,243
€18,644
€10,150
▼ 45.6%
Other amounts payable47/48
€165,972
€150,343
€100,000
-
€54,646
-
Accrued charges and deferred income492/3
€7,029
€2,000
-
-
€4,980
-
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€15,753
-€60,114
€71,424
€73,665
€54,646
▼ 25.8%
+ Depreciation and write-downs630
€49,215
€49,577
€38,387
€34,203
€33,522
▼ 2.0%
Operating cash flow (approximation)
€33,462
-€10,537
€109,810
€107,869
€88,168
▼ 18.3%
Investment in fixed assets (approximation)
-
€0
-€6,857
-€19,500
-€41,518
▼ 113%
Change in cash
-
€24,394
€50,797
-€59,931
€37,154
▲ 162%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Director appointment, Werner Eetezonne (director and managing director)
Director resignation, Geert Markey (director)
Director reappointment, Nele Vandaele (director)
Director reappointment, Michaël Gabriëls (director)
Director in office, Geert Markey (director)
01-07
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
31-12
FinancialHighest result since 2018net €73,665 ▲3.1%
Operating result €74,127, net result €73,665, both a record.
31-12
FinancialEquity above €500,000Eq €563,258 ▲15%
2 profitable years in a row build equity to €563,258.
04-07
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
2023
31-12
FinancialBack to profitnet €71,424
Net result €71,424 after 4 loss-making years.
24-07
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
31-12
FinancialWeakest financial yearnet -€60,114
Net result drops to -€60,114, the lowest in the series; recovery starts the following year.
13-06
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
07-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
09-06
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
18-06
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filingAnnual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-05
NBB filingAnnual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2026
This board is reconstructed from a single act (26087405). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Registered office, Ranst · 1 establishment unit since 1985
The establishment unit on the mapLoading the map
seatestablishmentThe establishment unit on the map
Ground area
851 m²
Building footprint
172 m²
Volume, LiDAR
1,682 m³
Parcel 11015C0258/00T002, Flanders · tallest building 11.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Liersesteenweg 174, 2520 Ranst
NACE 5010301
since 19852.026.893.192
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
11015C0258/00T002
Flanders
851 m²
1 · 172 m²
11.1 m · 4 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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of LUBACO 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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
9 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 2,440 companies in this sector we hold annual accounts for 779. 478 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPrivate limited company
Founded14-03-1985
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID0208:0426985189
Registered24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.