LUCEO
ActiveSummary
LUCEO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €623,402. Equity is growing by ~5.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+31
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 46.39 against 1.8 in 2024; short-term debt: 2.1% and cash: 32.6% of total assets), and 2.1% 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
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
97.9%
Return on assets
39.2%
Age of the figures
9 mo
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
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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
51 d early
2023
98 d early
2022
31 d early
2021
107 d early
2020
54 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 67 days before 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 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?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▲ 66.9%
2024 · €932,170
Total assets
€1.6m▼ 24.6%
2024 · €2.1m
Net result
€623,402▼ 31.0%
2024 · €902,956
Working capital
€1.5m▲ 61.4%
2024 · €933,647
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€845,967▲ 22.7%€802,677▼ 5.1%€832,233▲ 3.7%€1.1m▲ 34.7%€787,089▼ 29.8%
Net result€640,714▲ 22.3%€610,508▼ 4.7%€646,213▲ 5.8%€902,956▲ 39.7%€623,402▼ 31.0%
Equity€1.0m▲ 5.0%€1.6m▲ 60.8%€2.3m▲ 40.0%€932,170▼ 58.8%€1.6m▲ 66.9%
Total assets€1.7m▲ 10.8%€1.7m▲ 0.3%€2.4m▲ 37.0%€2.1m▼ 12.0%€1.6m▼ 24.6%
Debt€738,925▲ 19.8%€134,157▼ 81.8%€134,173=€1.2m▲ 776%€33,730▼ 97.1%
Working capital€975,630▲ 6.8%€1.6m▲ 64.0%€2.3m▲ 41.2%€933,647▼ 58.7%€1.5m▲ 61.4%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€48,979
Current assets
€1.5m
Equity and liabilities €1.6m
Equity
€1.6m ▲ 66.9%
Debt
€33,730 ▼ 97.1%
Debt's share of the balance-sheet total falls from 55.8% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€789,648▼
2024 · €1.1m
Cash flow
€625,960▼
2024 · €902,956
Current ratio
46.39▲
2024 · 1.80
Debt to equity
0.02▼
2024 · 1.26
ROE
40.1%▼
2024 · 96.9%
ROA
39.2%▼
2024 · 42.8%
Interest coverage
428.63▲
2024 · -737.31
Debt ≤ 1 year
€33,200▼
2024 · €1.2m
Income taxes
€201,396▼
2024 · €286,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €28,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,300 | €14,300 | €13,760 | €0 | €2,558 | - |
| Other operating charges640/8 | €1,736 | €1,796 | €1,954 | €1,964 | €2,155 | ▲ 9.8% |
| Gross operating margin9900 | €862,003 | €818,772 | €847,947 | €1.1m | €791,803 | ▼ 29.5% |
| Operating profit (loss)9901 | €845,967 | €802,677 | €832,233 | €1.1m | €787,089 | ▼ 29.8% |
| Financial income75/76B | €3,353 | €9,247 | €35,025 | €66,780 | €39,550 | ▼ 40.8% |
| Recurring financial income75 | €3,353 | €9,247 | €35,025 | €66,780 | €39,550 | ▼ 40.8% |
| Financial charges65/66B | €1,596 | €1,596 | €6,144 | -€1,521 | €1,842 | ▲ 221% |
| Recurring financial charges65 | €1,596 | €1,596 | €6,144 | -€1,521 | €1,842 | ▲ 221% |
| Profit (loss) for the period before taxes9903 | €847,724 | €810,328 | €861,115 | €1.2m | €824,797 | ▼ 30.7% |
| Income taxes67/77 | €207,011 | €199,820 | €214,901 | €286,542 | €201,396 | ▼ 29.7% |
| Profit (loss) for the period9904 | €640,714 | €610,508 | €646,213 | €902,956 | €623,402 | ▼ 31.0% |
| Transfer from tax-exempt reserves789 | €263,500 | €267,000 | €181,560 | €223,130 | €610,450 | ▲ 174% |
| Transfer to tax-exempt reserves689 | €311,540 | €303,120 | €298,910 | €0 | €294,700 | - |
| Profit (loss) for the period to be appropriated9905 | €592,674 | €574,388 | €528,863 | €1.1m | €939,152 | ▼ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €2.4m | €2.1m | €1.6m | ▼ 24.6% |
| Fixed assets21/28 | €28,060 | €13,760 | €0 | - | €48,979 | - |
| Tangible fixed assets22/27 | €28,060 | €13,760 | €0 | - | €48,979 | - |
| Furniture and vehicles24 | €28,060 | €13,760 | €0 | - | €48,979 | - |
| Current assets29/58 | €1.7m | €1.7m | €2.4m | €2.1m | €1.5m | ▼ 26.9% |
| Amounts receivable within one year40/41 | €387,967 | €322,298 | €293,417 | €318,945 | €264,014 | ▼ 17.2% |
| Trade receivables40 | €387,967 | €322,298 | €293,417 | €318,515 | €224,014 | ▼ 29.7% |
| Other amounts receivable41 | - | - | - | €430 | €40,000 | ▲ 9,199% |
| Current investments50/53 | €50,034 | €450,874 | €722,010 | €1.7m | €750,000 | ▼ 54.5% |
| Cash at bank and in hand54/58 | €1.3m | €958,211 | €1.4m | €132,782 | €518,528 | ▲ 291% |
| Deferred charges and accrued income490/1 | €3,473 | €3,211 | €2,985 | €5,885 | €7,780 | ▲ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €2.4m | €2.1m | €1.6m | ▼ 24.6% |
| Equity10/15 | €1.0m | €1.6m | €2.3m | €932,170 | €1.6m | ▲ 66.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €985,090 | €1.6m | €2.2m | €913,570 | €1.5m | ▲ 68.2% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €983,230 | €1.0m | €1.1m | €913,570 | €597,820 | ▼ 34.6% |
| Distributable reserves133 | - | €576,248 | €1.1m | €0 | €939,152 | - |
| Profit (loss) carried forward14 | €0 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €738,925 | €134,157 | €134,173 | €1.2m | €33,730 | ▼ 97.1% |
| Amounts payable within one year42/48 | €738,925 | €134,157 | €134,173 | €1.2m | €33,200 | ▼ 97.2% |
| Financial debts43 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Credit institutions430/8 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Trade debts44 | €321 | €664 | €115 | €0 | €1,651 | - |
| Suppliers440/4 | €321 | €664 | €115 | €0 | €1,651 | - |
| Taxes, remuneration and social security45 | €39,942 | €24,781 | €24,871 | €18,551 | €2,538 | ▼ 86.3% |
| Taxes450/3 | €39,942 | €24,781 | €24,871 | €18,551 | €2,538 | ▼ 86.3% |
| Other amounts payable47/48 | €673,662 | €83,711 | €84,186 | €1.1m | €4,012 | ▼ 99.6% |
| Accrued charges and deferred income492/3 | - | - | - | €1,477 | €530 | ▼ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €640,714 | €610,508 | €646,213 | €902,956 | €623,402 | ▼ 31.0% |
| + Depreciation and write-downs630 | €14,300 | €14,300 | €13,760 | €0 | €2,558 | - |
| Operating cash flow (approximation) | €655,014 | €624,808 | €659,973 | €902,956 | €625,960 | ▼ 30.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€314,870 | €417,961 | -€1.2m | €385,745 | ▲ 131% |
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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 26current ratio 46.39
Current ratio from 1.80 to 46.39; short-term debt falls from €1.2m to €33,200.
31-12
Financial
Equity above €1mEq €1.6m ▲66.9%
8 profitable years in a row build equity to €1.6m.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €902,956 ▲39.7%
Operating result €1.1m, net result €902,956, both a record.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.3m ▲40%
6 profitable years in a row build equity to €2.3m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 6current ratio 12.93
Current ratio from 2.32 to 12.93; short-term debt falls from €738,925 to €134,157.
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.0m ▲5%
4 profitable years in a row build equity to €1.0m.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
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 3 acts read
About the unread acts
We know of 3 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.
Directors · office · real estate
Directors
3 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, Jabbeke · 1 establishment unit since 2014
Ground area
257 m²
Building footprint
258 m²
Volume, LiDAR
1,988 m³
Parcel 31442C0615/00Z007, Flanders · tallest building 16.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Zeeweg 30, 8490 Jabbeke
since 20142.225.402.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0615/00Z007 | Flanders | 257 m² | 1 · 257 m² | 16.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 202 EUR awarded · 202 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 202 EUR | 202 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded06-01-2014
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543825946
Also
9925:BE0543825946
Registered
31-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.