LUBARIS
ActiveSummary
The annual accounts of LUBARIS for fiscal year 2025 show a net loss of 157% of total assets. The 2025 annual accounts show equity of €103,532 and a net result of -€197,383. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 28806 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
What stands out
Overview
0 of 7 deeds readAccounts 80 d earlyTurnover not published (abridged schema)
Why 57- Higher-failure-rate sector- Annual accounts: weaker financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 5.67 against 15.84 in 2024; short-term debt: 17.6% and cash: 12.6% of total assets), and 17.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
82.4%
Return on assets
-157%
Age of the figures
9 mo
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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
20 d early
2023
15 d early
2022
6 d early
2021
31 d early
2020
1 d early
2019
1 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 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€197,383
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €125,704Loss -€197,383Solvency 82.4%Liquidity 5.67
Total assets
€125,704▼ 70.2%
2018 - 2025
Net result
-€197,383
2018 - 2025
Equity
€103,532▼ 73.8%
2018 - 2025
Solvency
82.4%▼ 11.3pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
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 43, Specialised construction activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,308▲ 503%€50,745▲ 0.9%€107,284▲ 111%€148,144▲ 38.1%€17,373▼ 88.3%
Net result€39,047above the sector's middle half▲ 354%€38,744above the sector's middle half▼ 0.8%€78,915above the sector's middle half▲ 104%€111,249above the sector's middle half▲ 41.0%-€197,383below the sector's middle half
Equity€166,091above the sector's middle half▲ 30.7%€204,835above the sector's middle half▲ 23.3%€283,751above the sector's middle half▲ 38.5%€395,000above the sector's middle half▲ 39.2%€103,532within the sector's middle half▼ 73.8%
Total assets€196,010within the sector's middle half▲ 11.4%€232,088within the sector's middle half▲ 18.4%€294,016within the sector's middle half▲ 26.7%€421,620above the sector's middle half▲ 43.4%€125,704within the sector's middle half▼ 70.2%
Debt€29,919▼ 38.9%€27,252▼ 8.9%€10,265▼ 62.3%€26,620▲ 159%€22,172▼ 16.7%
Working capital€186,125above the sector's middle half▲ 36.9%€219,820above the sector's middle half▲ 18.1%€283,736above the sector's middle half▲ 29.1%€394,985above the sector's middle half▲ 39.2%€103,532above the sector's middle half▼ 73.8%
Solvency84.7%above the sector's middle half▲ 12.6pp88.3%above the sector's middle half▲ 3.5pp96.5%above the sector's middle half▲ 8.3pp93.7%above the sector's middle half▼ 2.8pp82.4%above the sector's middle half▼ 11.3pp
Current ratio27.90above the sector's middle half▲ 22.9118.94above the sector's middle half▼ 8.9628.64above the sector's middle half▲ 9.7015.84above the sector's middle half▼ 12.805.67above the sector's middle half▼ 10.17
Return on assets (ROA)19.9%above the sector's middle half▲ 15.0pp16.7%within the sector's middle half▼ 3.2pp26.8%above the sector's middle half▲ 10.1pp26.4%above the sector's middle half▼ 0.5pp-157.0%below the sector's middle half▼ 183.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €125,704
Equity
€103,532 ▼ 73.8%
Debt
€22,172 ▼ 16.7%
Debt's share of the balance-sheet total rises from 6.3% to 17.6%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
Debt to equity
0.21▲
2024 · 0.07
ROE
-190.6%▼
2024 · 28.2%
Debt ≤ 1 year
€22,172▼
2024 · €26,620
Income taxes
€10▼
2024 · €45,478
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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%.
| 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 5,834 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,951 | €2,951 | €0 | - | - | - |
| Other operating charges640/8 | €1,183 | €1,532 | €1,035 | €623 | €2,032 | ▲ 226% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €54,442 | €55,227 | €108,319 | €148,767 | €19,405 | ▼ 87.0% |
| Operating profit (loss)9901 | €50,308 | €50,745 | €107,284 | €148,144 | €17,373 | ▼ 88.3% |
| Financial income75/76B | €4,097 | €3,294 | €2,400 | €8,583 | €1,586 | ▼ 81.5% |
| Recurring financial income75 | €4,097 | €3,294 | €2,400 | €8,583 | €1,586 | ▼ 81.5% |
| Financial charges65/66B | €187 | €6 | €0 | - | €216,331 | - |
| Recurring financial charges65 | €187 | €6 | €0 | - | €165 | - |
| Non-recurring financial charges66B | - | - | - | - | €216,166 | - |
| Profit (loss) for the period before taxes9903 | €54,217 | €54,033 | €109,684 | €156,727 | -€197,373 | ▼ 226% |
| Income taxes67/77 | €15,170 | €15,289 | €30,769 | €45,478 | €10 | ▼ 100.0% |
| Profit (loss) for the period9904 | €39,047 | €38,744 | €78,915 | €111,249 | -€197,383 | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €39,047 | €38,744 | €78,915 | €111,249 | -€197,383 | ▼ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,010 | €232,088 | €294,016 | €421,620 | €125,704 | ▼ 70.2% |
| Fixed assets21/28 | €2,966 | €15 | €15 | €15 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2,951 | - | - | - | - | - |
| Plant, machinery and equipment23 | €2,951 | - | - | - | - | - |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €0 | ▼ 100% |
| Current assets29/58 | €193,045 | €232,073 | €294,001 | €421,605 | €125,704 | ▼ 70.2% |
| Amounts receivable within one year40/41 | €170,309 | €141,440 | €276,592 | €419,481 | €109,887 | ▼ 73.8% |
| Trade receivables40 | €2,221 | €34,428 | €61,011 | €91,870 | €36,366 | ▼ 60.4% |
| Other amounts receivable41 | €168,088 | €107,012 | €215,581 | €327,610 | €73,520 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €20,214 | €87,751 | €16,887 | €2,124 | €15,817 | ▲ 645% |
| Deferred charges and accrued income490/1 | €2,522 | €2,882 | €522 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,010 | €232,088 | €294,016 | €421,620 | €125,704 | ▼ 70.2% |
| Equity10/15 | €166,091 | €204,835 | €283,751 | €395,000 | €103,532 | ▼ 73.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €95,944 | €134,689 | €213,604 | €324,853 | €230,768 | ▼ 29.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €94,084 | €132,829 | €211,744 | €322,993 | €228,908 | ▼ 29.1% |
| Profit (loss) carried forward14 | €51,547 | €51,547 | €51,547 | €51,547 | -€145,836 | ▼ 383% |
| Amounts payable17/49 | €29,919 | €27,252 | €10,265 | €26,620 | €22,172 | ▼ 16.7% |
| Amounts payable after more than one year17 | €23,000 | €15,000 | €0 | - | - | - |
| Other amounts payable178/9 | €23,000 | €15,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €6,919 | €12,252 | €10,265 | €26,620 | €22,172 | ▼ 16.7% |
| Current portion of amounts payable after more than one year42 | €852 | - | - | - | - | - |
| Trade debts44 | €1,673 | €5,261 | €2,017 | €3,436 | €762 | ▼ 77.8% |
| Suppliers440/4 | €1,673 | €5,261 | €2,017 | €3,436 | €762 | ▼ 77.8% |
| Taxes, remuneration and social security45 | €3,722 | €6,288 | €7,892 | €23,185 | €21,409 | ▼ 7.7% |
| Taxes450/3 | €1,308 | €3,874 | €7,892 | €23,185 | €21,409 | ▼ 7.7% |
| Remuneration and social security454/9 | €2,413 | €2,413 | €0 | - | - | - |
| Other amounts payable47/48 | €672 | €704 | €356 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,047 | €38,744 | €78,915 | €111,249 | -€197,383 | ▼ 277% |
| + Depreciation and write-downs630 | €2,951 | €2,951 | €0 | - | - | - |
| Operating cash flow (approximation) | €41,998 | €41,695 | €78,915 | €111,249 | -€197,383 | ▼ 277% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €15 | - |
| Change in cash | - | €67,536 | -€70,864 | -€14,762 | €13,693 | ▲ 193% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
MBR CONSTRUCT
BE 0841.370.179
Rebecq · Eq €103,518
PLAFON STEEL
BE 0694.994.508
Wemmel · Eq €103,562
HEIGHT SOLUTIONS
BE 0544.930.954
Boechout · Eq €103,414
Busschop Zwembaden
BE 0772.794.347
Aalter · Eq €103,652
NCEE
BE 0759.504.060
Rebecq · Eq €103,678
Of 15,518 companies in this sector we hold annual accounts for 7,427. 6,231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 12-05-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€197,383
Net result drops to -€197,383, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €111,249 ▲41%
Operating result €148,144, net result €111,249, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €204,835 ▲23.3%
5 profitable years in a row build equity to €204,835.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 27.90
Current ratio from 4.99 to 27.90; short-term debt falls from €34,088 to €6,919.
31-12
Financial
Equity above €150,000Eq €166,091 ▲30.7%
4 profitable years in a row build equity to €166,091.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
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 7 acts read
About the unread acts
We know of 7 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.
Support & recognitions
1 funding sourceFlanders €117
Flemish government
€117
awarded · 2022
Subsidies and aid
Flemish government
2022 · 1 entry · €117 awarded · €117 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €117 | €117 |
Company details
Private limited company · founded 15-12-2005Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded15-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877944822
Also
9925:BE0877944822
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2006
Ground area
1,017 m²
Building footprint
129 m²
Volume, LiDAR
765 m³
Parcel 12404G0476/00E005, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LUBARIS
since 2006unit no. 2.151.148.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404G0476/00E005 | Flanders | 1,017 m² | 1 · 129 m² | 7.8 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.
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 trust this company with building work?Contractor check 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 other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.