LUBEL
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 242 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 06-02-2025, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
6 d late
2023
1 d early
2022
7 d early
2021
10 d late
2020
11 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 1 day after 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 (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.5m▲ 6.1%
2023 · €2.4m
Total assets
€2.5m▲ 6.1%
2023 · €2.4m
Net result
€145,396▲ 435%
2023 · €27,185
Working capital
€2.5m▲ 6.1%
2023 · €2.4m
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€16,457▲ 5.5%€23,511▲ 42.9%€19,578▼ 16.7%€18,587▼ 5.1%€223▼ 98.8%
Net result-€157,874€272,273€56,926▼ 79.1%€27,185▼ 52.2%€145,396▲ 435%
Equity€2.0m▼ 7.3%€2.3m▲ 13.5%€2.3m▲ 2.5%€2.4m▲ 1.2%€2.5m▲ 6.1%
Total assets€2.0m▼ 7.4%€2.3m▲ 12.7%€2.4m▲ 2.4%€2.4m▲ 1.1%€2.5m▲ 6.1%
Debt€24,032▼ 18.1%€11,149▼ 53.6%€9,796▼ 12.1%€8,623▼ 12.0%€7,897▼ 8.4%
Working capital€2.0m▼ 7.0%€2.3m▲ 13.7%€2.3m▲ 2.6%€2.4m▲ 1.1%€2.5m▲ 6.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -79% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 99% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.5m
Equity
€2.5m ▲ 6.1%
Debt
€7,897 ▼ 8.4%
Debt's share of the balance-sheet total stays at 0.3%.
Key figures and ratios
Debt to equity
0.00▼
2023 · 0.00
ROE
5.8%▲
2023 · 1.1%
ROA
5.8%▲
2023 · 1.1%
Debt ≤ 1 year
€5,075▼
2023 · €6,104
Income taxes
€14,245▲
2023 · €6,462
A ratio outside any meaningful range has been withheld (balance sheet total €2.5m, equity €2.5m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,184 | €2,404 | €1,195 | - | - | - |
| Other operating charges640/8 | - | - | €972 | €976 | €1,124 | ▲ 15.1% |
| Gross operating margin9900 | €26,226 | €29,484 | €21,745 | €19,563 | €1,347 | ▼ 93.1% |
| Operating profit (loss)9901 | €16,457 | €23,511 | €19,578 | €18,587 | €223 | ▼ 98.8% |
| Financial income75/76B | - | - | €46,344 | €18,572 | €195,854 | ▲ 955% |
| Recurring financial income75 | €2,058 | €256,500 | €46,344 | €18,572 | €195,854 | ▲ 955% |
| Financial charges65/66B | - | - | €3,555 | €3,511 | €36,436 | ▲ 938% |
| Recurring financial charges65 | €170,974 | €289 | €3,555 | €3,511 | €36,436 | ▲ 938% |
| Profit (loss) for the period before taxes9903 | -€152,459 | €279,722 | €62,367 | €33,648 | €159,642 | ▲ 374% |
| Income taxes67/77 | €5,415 | €7,449 | €5,441 | €6,462 | €14,245 | ▲ 120% |
| Profit (loss) for the period9904 | -€157,874 | €272,273 | €56,926 | €27,185 | €145,396 | ▲ 435% |
| Profit (loss) for the period to be appropriated9905 | -€157,874 | €272,273 | €56,926 | €27,185 | €145,396 | ▲ 435% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.3m | €2.4m | €2.4m | €2.5m | ▲ 6.1% |
| Fixed assets21/28 | €3,599 | €1,195 | - | - | - | - |
| Tangible fixed assets22/27 | €3,599 | €1,195 | - | - | - | - |
| Current assets29/58 | €2.0m | €2.3m | €2.4m | €2.4m | €2.5m | ▲ 6.1% |
| Amounts receivable after more than one year29 | - | - | €78,324 | €78,324 | €78,324 | = |
| Other amounts receivable291 | - | - | €78,324 | €78,324 | €78,324 | = |
| Amounts receivable within one year40/41 | €94,716 | €95,530 | €119,792 | €149,864 | €1.7m | ▲ 1,061% |
| Trade receivables40 | - | - | €24,394 | €62,146 | - | - |
| Other amounts receivable41 | - | - | €95,398 | €87,719 | €1.7m | ▲ 1,883% |
| Current investments50/53 | €1.8m | €2.1m | €2.1m | €2.1m | €658,968 | ▼ 68.8% |
| Cash at bank and in hand54/58 | €35,104 | €43,406 | €48,645 | €35,072 | €43,996 | ▲ 25.4% |
| Deferred charges and accrued income490/1 | - | - | €488 | €55 | €558 | ▲ 918% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.3m | €2.4m | €2.4m | €2.5m | ▲ 6.1% |
| Equity10/15 | €2.0m | €2.3m | €2.3m | €2.4m | €2.5m | ▲ 6.1% |
| Contributions10/11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Non-distributable reserves130/1 | - | - | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | - | - | - |
| Distributable reserves133 | - | - | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | €246 | €272,519 | €329,446 | €356,631 | €502,027 | ▲ 40.8% |
| Amounts payable17/49 | €24,032 | €11,149 | €9,796 | €8,623 | €7,897 | ▼ 8.4% |
| Amounts payable within one year42/48 | €22,232 | €9,242 | €6,844 | €6,104 | €5,075 | ▼ 16.9% |
| Financial debts43 | - | - | €5,000 | €4,167 | €4,167 | = |
| Credit institutions430/8 | - | - | €5,000 | €4,167 | €4,167 | = |
| Trade debts44 | €3,158 | €1,175 | €315 | €331 | €367 | ▲ 11.0% |
| Suppliers440/4 | - | - | €315 | €331 | €367 | ▲ 11.0% |
| Taxes, remuneration and social security45 | - | - | - | €78 | - | - |
| Taxes450/3 | - | - | - | €78 | - | - |
| Other amounts payable47/48 | - | - | €1,529 | €1,529 | €542 | ▼ 64.6% |
| Accrued charges and deferred income492/3 | - | - | €2,953 | €2,519 | €2,821 | ▲ 12.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€157,874 | €272,273 | €56,926 | €27,185 | €145,396 | ▲ 435% |
| + Depreciation and write-downs630 | €5,184 | €2,404 | €1,195 | - | - | - |
| Operating cash flow (approximation) | -€152,690 | €274,677 | €58,121 | €27,185 | €145,396 | ▲ 435% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €8,302 | €5,239 | -€13,574 | €8,924 | ▲ 166% |
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
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-06
Financial
Back to profitnet €272,273
Net result €272,273 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 248.19
Current ratio from 91.41 to 248.19; short-term debt falls from €22,232 to €9,242.
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
30-06
Financial
Weakest financial yearnet -€157,874
Net result drops to -€157,874, the lowest in the series.
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 4 days late
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
15-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
1 ownerChain of control
- PALUCO
- LUBEL
Highest known parent: PALUCO. The sources do not say who stands above it.
Owners 1
- PALUCOparentSourceaccounts PALUCO 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.