LUCA - SCREEN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 30 filings
Turnover
≈ €250,000
Estimated: probably between €170,000 and €440,000
Total assets
€285,935▼ 0.4%
2024 · €286,946
Net result
€7,065▲ 1.4%
2024 · €6,966
Working capital
€62,172▲ 10.4%
2024 · €56,299
In the rankings
#10 oldest company in Gistel, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€22,002
▲ 28.4%
2025
20182025
Net result
€7,065
▲ 1.4%
2025
middle half of the sector
20182025
Equity
€149,634
▲ 5.0%
2025
highest quarter of the sector
20182025
Total assets
€285,935
▼ 0.4%
2025
middle half of the sector
20182025
Debt
€136,301
▼ 5.6%
2025
20182025
Working capital
€62,172
▲ 10.4%
2025
middle half of the sector
20182025
Solvency
52.3%
▲ 2.6pp
2025
middle half of the sector
20182025
Current ratio
1.82
▲ 0.07
2025
middle half of the sector
20182025
Return on assets (ROA)
2.5%
=
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€40,211-€26,369▼ 34.4%€25,028▼ 5.1%€32,683▲ 30.6%€16,496▼ 49.5%€15,534▼ 5.8%€17,138▲ 10.3%€22,002▲ 28.4%
Net result€19,538-€12,388▼ 36.6%€9,956within the sector's middle half▼ 19.6%€17,913within the sector's middle half▲ 79.9%€16,885within the sector's middle half▼ 5.7%€7,044within the sector's middle half▼ 58.3%€6,966within the sector's middle half▼ 1.1%€7,065within the sector's middle half▲ 1.4%
Equity€129,246-€134,491▲ 4.1%€144,447above the sector's middle half▲ 7.4%€148,096above the sector's middle half▲ 2.5%€148,096above the sector's middle half=€155,140above the sector's middle half▲ 4.8%€142,568within the sector's middle half▼ 8.1%€149,634above the sector's middle half▲ 5.0%
Total assets€220,340-€239,320▲ 8.6%€228,089within the sector's middle half▼ 4.7%€279,748within the sector's middle half▲ 22.6%€290,302within the sector's middle half▲ 3.8%€270,265within the sector's middle half▼ 6.9%€286,946within the sector's middle half▲ 6.2%€285,935within the sector's middle half▼ 0.4%
Debt€91,094-€104,829▲ 15.1%€83,643▼ 20.2%€131,652▲ 57.4%€142,206▲ 8.0%€115,124▼ 19.0%€144,377▲ 25.4%€136,301▼ 5.6%
Working capital€89,535-€72,796▼ 18.7%€106,758above the sector's middle half▲ 46.7%€104,535above the sector's middle half▼ 2.1%€75,017within the sector's middle half▼ 28.2%€82,992within the sector's middle half▲ 10.6%€56,299within the sector's middle half▼ 32.2%€62,172within the sector's middle half▲ 10.4%
Solvency58.7%-56.2%▼ 2.5pp63.3%within the sector's middle half▲ 7.1pp52.9%within the sector's middle half▼ 10.4pp51.0%within the sector's middle half▼ 1.9pp57.4%within the sector's middle half▲ 6.4pp49.7%within the sector's middle half▼ 7.7pp52.3%within the sector's middle half▲ 2.6pp
Current ratio2.41-1.93▼ 0.473.00within the sector's middle half▲ 1.072.38within the sector's middle half▼ 0.621.67within the sector's middle half▼ 0.712.08within the sector's middle half▲ 0.401.74within the sector's middle half▼ 0.341.82within the sector's middle half▲ 0.07
Return on assets (ROA)8.9%-5.2%▼ 3.7pp4.4%within the sector's middle half▼ 0.8pp6.4%within the sector's middle half▲ 2.0pp5.8%within the sector's middle half▼ 0.6pp2.6%within the sector's middle half▼ 3.2pp2.4%within the sector's middle half▼ 0.2pp2.5%within the sector's middle half=
Staff (FTE)1.1-1.3▲ 18.2%2.1within the sector's middle half▲ 61.5%1.3▼ 38.1%1.3=1.4▲ 7.7%
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 28% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,935
Fixed assets
€147,540 ▼ 4.6%
Current assets
€138,394 ▲ 4.7%
Equity and liabilities €285,935
Equity
€149,634 ▲ 5.0%
Debt
€136,301 ▼ 5.6%
Debt's share of the balance-sheet total falls from 50.3% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,803▲
2024 · €57,721
Cash flow
€63,867▲
2024 · €47,549
Quick ratio
1.36▲
2024 · 1.30
Debt to equity
0.91▼
2024 · 1.01
ROE
4.7%▼
2024 · 4.9%
Interest coverage
12.24▲
2024 · 10.91
Debt ≤ 1 year
€76,222▲
2024 · €75,939
Debt > 1 year
€59,384▼
2024 · €68,439
Income taxes
€8,700▲
2024 · €5,300
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.3 | 1.3 | 1.4 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 3 | 7 | 12 |
| Left | 4 | 7 | 12 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €67,294 | €44,704 | €42,546 | €84,947 | €49,633 |
| Depreciation and write-downs of the year | €35,782 | €31,216 | €36,266 | €40,583 | €56,801 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €11,000 | - |
| Remuneration, social security and pensions62 | - | - | - | €49,827 | €54,190 | €60,751 | €2,812 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,547 | €38,561 | €28,226 | €35,782 | €31,216 | €36,266 | €40,583 | €56,801 | ▲ 40.0% |
| Other operating charges640/8 | - | - | - | €5,171 | €7,528 | €4,392 | €4,713 | €5,337 | ▲ 13.2% |
| Gross operating margin9900 | €119,068 | €133,330 | €111,966 | €123,464 | €109,430 | €116,942 | €65,246 | €84,140 | ▲ 29.0% |
| Operating profit (loss)9901 | €40,211 | €26,369 | €25,028 | €32,683 | €16,496 | €15,534 | €17,138 | €22,002 | ▲ 28.4% |
| Financial income75/76B | - | - | - | €293 | €13,263 | €181 | €420 | €204 | ▼ 51.6% |
| Recurring financial income75 | €24 | €309 | €478 | €293 | €213 | €181 | €420 | €204 | ▼ 51.6% |
| Non-recurring financial income76B | - | - | - | - | €13,050 | - | - | - | - |
| Financial charges65/66B | - | - | - | €11,923 | €8,084 | €4,160 | €5,292 | €6,440 | ▲ 21.7% |
| Recurring financial charges65 | €16,010 | €11,485 | €12,040 | €11,923 | €8,084 | €4,160 | €5,292 | €6,440 | ▲ 21.7% |
| Profit (loss) for the period before taxes9903 | €33,239 | €15,194 | €13,466 | €21,054 | €21,675 | €11,555 | €12,266 | €15,765 | ▲ 28.5% |
| Income taxes67/77 | €13,701 | €2,806 | €3,511 | €3,141 | €4,790 | €4,510 | €5,300 | €8,700 | ▲ 64.2% |
| Profit (loss) for the period9904 | €19,538 | €12,388 | €9,956 | €17,913 | €16,885 | €7,044 | €6,966 | €7,065 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €19,538 | €12,388 | €9,956 | €17,913 | €16,885 | €7,044 | €6,966 | €7,065 | ▲ 1.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €220,340 | €239,320 | €228,089 | €279,748 | €290,302 | €270,265 | €286,946 | €285,935 | ▼ 0.4% |
| Fixed assets21/28 | €67,184 | €88,655 | €68,014 | €99,526 | €104,064 | €110,344 | €154,708 | €147,540 | ▼ 4.6% |
| Tangible fixed assets22/27 | €67,184 | €88,655 | €68,014 | €99,526 | €104,064 | €110,344 | €154,708 | €147,540 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | €90,576 | €84,487 | €59,584 | €69,293 | €45,183 | ▼ 34.8% |
| Furniture and vehicles24 | - | - | - | €8,950 | €19,577 | €50,761 | €85,416 | €102,357 | ▲ 19.8% |
| Current assets29/58 | €153,156 | €150,665 | €160,075 | €180,222 | €186,238 | €159,920 | €132,237 | €138,394 | ▲ 4.7% |
| Amounts receivable after more than one year29 | - | - | - | €18,375 | €15,392 | €12,377 | €9,331 | €6,253 | ▼ 33.0% |
| Other amounts receivable291 | - | - | - | €18,375 | €15,392 | €12,377 | €9,331 | €6,253 | ▼ 33.0% |
| Stocks and contracts in progress3 | €40,400 | €40,936 | €38,646 | €45,222 | €45,278 | €50,335 | €33,311 | €34,917 | ▲ 4.8% |
| Stocks30/36 | - | - | - | €38,242 | €44,268 | €39,595 | €31,881 | €33,107 | ▲ 3.8% |
| Contracts in progress37 | - | - | - | €6,980 | €1,010 | €10,740 | €1,430 | €1,810 | ▲ 26.6% |
| Amounts receivable within one year40/41 | €33,398 | €52,770 | €51,009 | €47,582 | €73,909 | €53,066 | €36,835 | €35,190 | ▼ 4.5% |
| Trade receivables40 | - | - | - | €35,989 | €67,750 | €38,878 | €33,592 | €28,410 | ▼ 15.4% |
| Other amounts receivable41 | - | - | - | €11,593 | €6,159 | €14,188 | €3,242 | €6,781 | ▲ 109% |
| Current investments50/53 | - | - | - | €3,200 | €15,200 | €27,200 | €39,200 | €29,200 | ▼ 25.5% |
| Cash at bank and in hand54/58 | €49,039 | €26,352 | €45,453 | €65,843 | €36,459 | €16,941 | €13,080 | €32,834 | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €480 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €220,340 | €239,320 | €228,089 | €279,748 | €290,302 | €270,265 | €286,946 | €285,935 | ▼ 0.4% |
| Equity10/15 | €129,246 | €134,491 | €144,447 | €148,096 | €148,096 | €155,140 | €142,568 | €149,634 | ▲ 5.0% |
| Contributions10/11 | €99,157 | €99,157 | - | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Reserves13 | €29,454 | €35,334 | €45,289 | €48,916 | €48,916 | €55,960 | €43,388 | €50,454 | ▲ 16.3% |
| Non-distributable reserves130/1 | - | - | - | €9,916 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €9,916 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €39,000 | €48,916 | €55,960 | €43,388 | €50,454 | ▲ 16.3% |
| Profit (loss) carried forward14 | €635 | - | - | €23 | €23 | €23 | €23 | €23 | = |
| Amounts payable17/49 | €91,094 | €104,829 | €83,643 | €131,652 | €142,206 | €115,124 | €144,377 | €136,301 | ▼ 5.6% |
| Amounts payable after more than one year17 | €27,434 | €26,855 | €30,228 | €55,903 | €30,847 | €38,196 | €68,439 | €59,384 | ▼ 13.2% |
| Financial debts170/4 | - | - | - | €55,903 | €30,847 | €38,196 | €68,439 | €59,384 | ▼ 13.2% |
| Amounts payable within one year42/48 | €63,621 | €77,869 | €53,317 | €75,686 | €111,221 | €76,928 | €75,939 | €76,222 | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,269 | €22,385 | €27,702 | €37,212 | €38,074 | ▲ 2.3% |
| Financial debts43 | - | - | - | - | €5,769 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €5,769 | - | - | - | - |
| Trade debts44 | €33,695 | €40,930 | €23,199 | €38,096 | €61,229 | €40,683 | €31,562 | €31,003 | ▼ 1.8% |
| Suppliers440/4 | - | - | - | €38,096 | €61,229 | €40,683 | €31,562 | €31,003 | ▼ 1.8% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €165 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €11,321 | €21,838 | €8,543 | €2,230 | €7,145 | ▲ 220% |
| Taxes450/3 | - | - | - | €5,510 | €15,588 | €3,173 | €1,230 | €5,895 | ▲ 379% |
| Remuneration and social security454/9 | - | - | - | €5,811 | €6,250 | €5,370 | €1,000 | €1,250 | ▲ 25.0% |
| Other amounts payable47/48 | - | - | - | - | - | - | €4,770 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €63 | €138 | - | - | €695 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,538 | €12,388 | €9,956 | €17,913 | €16,885 | €7,044 | €6,966 | €7,065 | ▲ 1.4% |
| + Depreciation and write-downs630 | €28,547 | €38,561 | €28,226 | €35,782 | €31,216 | €36,266 | €40,583 | €56,801 | ▲ 40.0% |
| Operating cash flow (approximation) | €48,085 | €50,949 | €38,182 | €53,694 | €48,101 | €43,311 | €47,549 | €63,867 | ▲ 34.3% |
| Investment in fixed assets (approximation) | - | -€60,032 | -€7,586 | -€67,294 | -€35,754 | -€42,546 | -€84,947 | -€49,633 | ▲ 41.6% |
| Change in cash | - | -€22,687 | €19,102 | €20,389 | -€29,383 | -€19,518 | -€3,861 | €19,754 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as LUCA - SCREEN has now. Two years later, 94.4% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.4%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUCA - SCREEN itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for LUCA - SCREEN. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00238129 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00268017 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00223410 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00299149 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20275011 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26500153 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-42700004 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38400010 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-28000025 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-26800496 |