LUCE
ActiveSummary
LUCE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.12M and a net result of €930k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+6
Solvency84▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity short (current ratio 0.42 against 1.57 in 2024; short-term debt: 13.3% and cash: 2.9% of total assets), and 40.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.5%
Return on assets
17.7%
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 29-04-2026, 93 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
93 d early
2024
73 d early
2023
67 d early
2022
62 d early
2021
97 d early
2020
86 d early
2019
65 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.12M▲ 16.7%
2024 · €2.67M
Total assets
€5.24M▲ 0.1%
2024 · €5.23M
Net result
€930k▲ 33.7%
2024 · €696k
Working capital
€-401k
2024 · €96k
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€499k▼ 54.1%€357k▼ 28.5%€727k▲ 104%€803k▲ 10.5%€830k▲ 3.3%
Net result€243k▼ 61.7%€160k▼ 34.0%€435k▲ 172%€696k▲ 59.9%€930k▲ 33.7%
Equity€1.64M▲ 17.3%€1.80M▲ 9.7%€2.24M▲ 24.1%€2.67M▲ 19.2%€3.12M▲ 16.7%
Total assets€5.68M▼ 13.1%€5.23M▼ 8.0%€5.24M▲ 0.2%€5.23M▼ 0.1%€5.24M▲ 0.1%
Debt€4.04M▼ 21.4%€3.42M▼ 15.2%€3.00M▼ 12.4%€2.56M▼ 14.6%€2.12M▼ 17.1%
Working capital€571k▼ 61.1%€139k▼ 75.7%€149k▲ 7.2%€96k▼ 35.7%€-401k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.24M
Fixed assets
€4.94M ▼ 0.5%
Current assets
€296k ▲ 11.7%
Equity and liabilities €5.24M
Equity
€3.12M ▲ 16.7%
Debt
€2.12M ▼ 17.1%
Debt's share of the balance-sheet total falls from 49.0% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€853k▲
2024 · €832k
Cash flow
€953k▲
2024 · €725k
Current ratio
0.42▼
2024 · 1.57
Debt to equity
0.68▼
2024 · 0.96
ROE
29.8%▲
2024 · 26.1%
ROA
17.7%▲
2024 · 13.3%
Interest coverage
13.93▲
2024 · 10.38
Debt ≤ 1 year
€696k▲
2024 · €169k
Debt > 1 year
€1.39M▼
2024 · €2.34M
Income taxes
€288k▲
2024 · €253k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €29k | €29k | €29k | €23k | ▼ 19.5% |
| Other operating charges640/8 | €6k | €2k | €2k | €4k | €3k | ▼ 20.8% |
| Gross operating margin9900 | €522k | €387k | €758k | €836k | €856k | ▲ 2.4% |
| Operating profit (loss)9901 | €499k | €357k | €727k | €803k | €830k | ▲ 3.3% |
| Financial income75/76B | €799 | €1k | €1k | €226k | €449k | ▲ 98.8% |
| Recurring financial income75 | €799 | €1k | €1k | €226k | €449k | ▲ 98.8% |
| Financial charges65/66B | €141k | €116k | €89k | €80k | €61k | ▼ 23.6% |
| Recurring financial charges65 | €141k | €116k | €89k | €80k | €61k | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | €358k | €242k | €639k | €949k | €1.22M | ▲ 28.4% |
| Income taxes67/77 | €116k | €82k | €204k | €253k | €288k | ▲ 13.8% |
| Profit (loss) for the period9904 | €243k | €160k | €435k | €696k | €930k | ▲ 33.7% |
| Profit (loss) for the period to be appropriated9905 | €243k | €160k | €435k | €696k | €930k | ▲ 33.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.68M | €5.23M | €5.24M | €5.23M | €5.24M | ▲ 0.1% |
| Fixed assets21/28 | €5.05M | €5.02M | €4.99M | €4.97M | €4.94M | ▼ 0.5% |
| Tangible fixed assets22/27 | €123k | €94k | €65k | €40k | €16k | ▼ 59.0% |
| Furniture and vehicles24 | €123k | €94k | €65k | €36k | €12k | ▼ 65.6% |
| Other tangible fixed assets26 | - | - | - | €4k | €4k | = |
| Financial fixed assets28 | €4.93M | €4.93M | €4.93M | €4.93M | €4.93M | = |
| Current assets29/58 | €630k | €207k | €247k | €265k | €296k | ▲ 11.7% |
| Amounts receivable within one year40/41 | €41k | €36k | €48k | €48k | €48k | = |
| Trade receivables40 | €36k | €36k | €48k | €48k | €48k | = |
| Other amounts receivable41 | €4k | - | - | €0 | - | - |
| Current investments50/53 | €79k | €86k | €93k | €97k | €97k | = |
| Cash at bank and in hand54/58 | €511k | €84k | €105k | €120k | €151k | ▲ 25.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.68M | €5.23M | €5.24M | €5.23M | €5.24M | ▲ 0.1% |
| Equity10/15 | €1.64M | €1.80M | €2.24M | €2.67M | €3.12M | ▲ 16.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.63M | €1.79M | €2.22M | €2.65M | €3.10M | ▲ 16.8% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €1.62M | €1.78M | €2.22M | €2.65M | €3.10M | ▲ 16.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €4.04M | €3.42M | €3.00M | €2.56M | €2.12M | ▼ 17.1% |
| Amounts payable after more than one year17 | €3.88M | €3.19M | €2.84M | €2.34M | €1.39M | ▼ 40.7% |
| Financial debts170/4 | €3.88M | €3.19M | €2.84M | €2.34M | €1.39M | ▼ 40.7% |
| Amounts payable within one year42/48 | €59k | €68k | €98k | €169k | €696k | ▲ 312% |
| Trade debts44 | €8k | €8k | €1k | €2k | €2k | ▼ 3.0% |
| Suppliers440/4 | €8k | €8k | €1k | €2k | €2k | ▼ 3.0% |
| Taxes, remuneration and social security45 | €51k | €60k | €96k | €167k | €234k | ▲ 40.4% |
| Taxes450/3 | €51k | €60k | €96k | €167k | €234k | ▲ 40.4% |
| Remuneration and social security454/9 | - | - | - | - | €55 | - |
| Other amounts payable47/48 | - | - | - | - | €460k | - |
| Accrued charges and deferred income492/3 | €97k | €171k | €67k | €58k | €43k | ▼ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €243k | €160k | €435k | €696k | €930k | ▲ 33.7% |
| + Depreciation and write-downs630 | €17k | €29k | €29k | €29k | €23k | ▼ 19.5% |
| Operating cash flow (approximation) | €259k | €189k | €464k | €725k | €953k | ▲ 31.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €0 | ▲ 100% |
| Change in cash | - | €-427k | €21k | €14k | €31k | ▲ 114% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €930k ▲33.7%
Net result €930k, the highest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.24M ▲24.1%
6 profitable years in a row build equity to €2.24M.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €160k ▼34%
Net result drops to €160k, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 15.16
Current ratio from 7.06 to 15.16; short-term debt falls from €144k to €104k.
31-12
Financial
Equity above €1MEq €1.40M ▲82.5%
3 profitable years in a row build equity to €1.40M.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €768k ▲170%
2 profitable years in a row build equity to €768k.
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Hoogstraten · 1 establishment unit since 2017
Ground area
6,337 m²
Parcel 13014F0025/00H002, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
LUCE
since 20172.261.893.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014F0025/00H002 | Flanders | 6,337 m² | - | - |
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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 15,470 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
Founded23-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.