LUCERNE
ActiveSummary
LUCERNE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €2k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+3
Solvency53▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.3 in 2024; short-term debt: 71.9% and cash: 11.7% of total assets), and 71.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
13 d early
2023
29 d late
2022
23 d late
2021
31 d late
2020
30 d late
2019
56 d late
← 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, micro schema
Equity
€14k▲ 13.7%
2024 · €13k
2018: €4k
2019: €5k▲ +27.5% vs 2018
2020: €3k▼ -34.2% vs 2019lowest in 8 years
2021: €8k▲ +151% vs 2020
2022: €10k▲ +22.4% vs 2021
2023: €11k▲ +14.7% vs 2022
2024: €13k▲ +14.1% vs 2023
2025: €14k▲ +13.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€51k▼ 1.2%
2024 · €52k
2018: €33k
2019: €31k▼ -4.0% vs 2018lowest in 8 years
2020: €33k▲ +5.6% vs 2019
2021: €46k▲ +37.7% vs 2020
2022: €45k▼ -0.9% vs 2021
2023: €53k▲ +16.7% vs 2022highest in 8 years
2024: €52k▼ -1.6% vs 2023
2025: €51k▼ -1.2% vs 2024
2018 → 2025
Net result
€2k▲ 11.2%
2024 · €2k
2018: €2k
2019: €1k▼ -46.5% vs 2018
2020: €-2k▼ -259% vs 2019lowest in 8 years
2021: €5k▲ +391% vs 2020highest in 8 years
2022: €2k▼ -62.8% vs 2021
2023: €1k▼ -19.8% vs 2022
2024: €2k▲ +10.2% vs 2023
2025: €2k▲ +11.2% vs 2024
2018 → 2025
Working capital
€14k▲ 20.3%
2024 · €12k
2018: €4k
2019: €4k▲ +4.8% vs 2018
2020: €3k▼ -30.8% vs 2019lowest in 8 years
2021: €8k▲ +191% vs 2020
2022: €7k▼ -7.5% vs 2021
2023: €10k▲ +30.8% vs 2022
2024: €12k▲ +25.1% vs 2023
2025: €14k▲ +20.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€10k▲ 22.4%€11k▲ 14.7%€13k▲ 14.1%€14k▲ 13.7%
2021: €8klowest in 5 years
2022: €10k▲ +22.4% vs 2021
2023: €11k▲ +14.7% vs 2022
2024: €13k▲ +14.1% vs 2023
2025: €14k▲ +13.7% vs 2024highest in 5 years
Operating result€6k-€3k▼ 48.8%€3k▼ 2.4%€3k▲ 8.7%€3k▲ 3.2%
2021: €6khighest in 5 years
2022: €3k▼ -48.8% vs 2021
2023: €3k▼ -2.4% vs 2022lowest in 5 years
2024: €3k▲ +8.7% vs 2023
2025: €3k▲ +3.2% vs 2024
Net result€5k-€2k▼ 62.8%€1k▼ 19.8%€2k▲ 10.2%€2k▲ 11.2%
2021: €5khighest in 5 years
2022: €2k▼ -62.8% vs 2021
2023: €1k▼ -19.8% vs 2022lowest in 5 years
2024: €2k▲ +10.2% vs 2023
2025: €2k▲ +11.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €51k
Equity
€14k ▲ 13.7%
Debt
€37k ▼ 6.0%
Debt's share of the balance-sheet total falls from 75.6% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €4k
Cash flow
€2k▲
2024 · €2k
Current ratio
1.39▲
2024 · 1.30
Quick ratio
0.17▲
2024 · 0.08
Debt to equity
2.56▼
2024 · 3.10
ROE
12.1%▼
2024 · 12.4%
ROA
3.4%▲
2024 · 3.0%
Interest coverage
4.13▲
2024 · 3.83
Debt ≤ 1 year
€37k▼
2024 · €39k
Income taxes
€472▲
2024 · €466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€51k▼
Fixed assets21/28€694-
Tangible fixed assets22/27€694-
Furniture and vehicles24€694-
Current assets29/58€51k€51k▲
Stocks and contracts in progress3€48k€45k▼
Stocks30/36€48k€45k▼
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1€475€331▼
Equity and liabilities
Total equity and liabilities10/49€52k€51k▼
Equity10/15€13k€14k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-8k€-6k▲
Amounts payable17/49€39k€37k▼
Amounts payable within one year42/48€39k€37k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€938€194▼
Suppliers440/4€938€194▼
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€32k€32k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€833€694▼
Other operating charges640/8€982€539▼
Gross operating margin9900€5k€4k▼
Operating profit (loss)9901€3k€3k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1k€929▼
Recurring financial charges65€1k€929▼
Profit (loss) for the period before taxes9903€2k€2k▲
Income taxes67/77€466€472▲
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-6k▲
Profit (loss) brought forward from the previous period14P€-9k€-8k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €427 | €139 | €833 | €833 | €694 | ▼ 16.7% |
| Other operating charges640/8 | €2k | €2k | €1k | €982 | €539 | ▼ 45.1% |
| Gross operating margin9900 | €8k | €5k | €5k | €5k | €4k | ▼ 10.0% |
| Operating profit (loss)9901 | €6k | €3k | €3k | €3k | €3k | ▲ 3.2% |
| Financial income75/76B | - | - | €0 | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - | €0 | - |
| Financial charges65/66B | €358 | €611 | €1k | €1k | €929 | ▼ 8.1% |
| Recurring financial charges65 | €358 | €611 | €1k | €1k | €929 | ▼ 8.1% |
| Profit (loss) for the period before taxes9903 | €5k | €2k | €2k | €2k | €2k | ▲ 8.9% |
| Income taxes67/77 | €488 | €488 | €362 | €466 | €472 | ▲ 1.2% |
| Profit (loss) for the period9904 | €5k | €2k | €1k | €2k | €2k | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €5k | €2k | €1k | €2k | €2k | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €45k | €53k | €52k | €51k | ▼ 1.2% |
| Fixed assets21/28 | - | €2k | €2k | €694 | - | - |
| Tangible fixed assets22/27 | - | €2k | €2k | €694 | - | - |
| Furniture and vehicles24 | - | €2k | €2k | €694 | - | - |
| Current assets29/58 | €46k | €43k | €51k | €51k | €51k | ▲ 0.1% |
| Stocks and contracts in progress3 | €37k | €39k | €44k | €48k | €45k | ▼ 6.3% |
| Stocks30/36 | €37k | €39k | €44k | €48k | €45k | ▼ 6.3% |
| Amounts receivable within one year40/41 | €37 | - | - | - | - | - |
| Trade receivables40 | €37 | - | - | - | - | - |
| Current investments50/53 | €1k | €1k | - | - | - | - |
| Cash at bank and in hand54/58 | €7k | €2k | €7k | €3k | €6k | ▲ 118% |
| Deferred charges and accrued income490/1 | - | €421 | €334 | €475 | €331 | ▼ 30.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €45k | €53k | €52k | €51k | ▼ 1.2% |
| Equity10/15 | €8k | €10k | €11k | €13k | €14k | ▲ 13.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-13k | €-11k | €-9k | €-8k | €-6k | ▲ 22.3% |
| Amounts payable17/49 | €38k | €36k | €42k | €39k | €37k | ▼ 6.0% |
| Amounts payable within one year42/48 | €38k | €36k | €42k | €39k | €37k | ▼ 6.0% |
| Financial debts43 | - | - | €4k | €2k | - | - |
| Credit institutions430/8 | - | - | €4k | €2k | - | - |
| Trade debts44 | €1k | €115 | €1k | €938 | €194 | ▼ 79.3% |
| Suppliers440/4 | €1k | €115 | €1k | €938 | €194 | ▼ 79.3% |
| Advances received on contracts in progress46 | €1k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €5k | €6k | €4k | €4k | €4k | ▲ 5.2% |
| Taxes450/3 | €5k | €6k | €4k | €4k | €4k | ▲ 5.2% |
| Other amounts payable47/48 | €30k | €30k | €33k | €32k | €32k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €2k | €1k | €2k | €2k | ▲ 11.2% |
| + Depreciation and write-downs630 | €427 | €139 | €833 | €833 | €694 | ▼ 16.7% |
| Operating cash flow (approximation) | €5k | €2k | €2k | €2k | €2k | ▲ 1.5% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - |
| Change in cash | - | €-5k | €4k | €-4k | €3k | ▲ 182% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
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.
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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, Antwerpen · 1 establishment unit since 1991
Ground area
247 m²
Building footprint
247 m²
Volume, LiDAR
1,845 m³
Parcel 11809I2412/00N014, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Landbouwstraat 17, 2020 Antwerpen
since 19912.052.485.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2412/00N014 | Flanders | 247 m² | 1 · 247 m² | 14.6 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.
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 380 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 (pre-2019)
Founded12-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.