Skip to content

LUCIAD

Active
Public limited companyfounded 199927 yrs activeGaston Geenslaan 11, 3001 Leuven, BelgiumKBO/BCE: BE 0465.607.621
Summary

LUCIAD has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.4m and a net result of €8.5m. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 1556 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
LUCIADActiveChecked score 72/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010NACE 72220
#5 employer in Leuven, Telecoms and IT sector1 site
Size
€15.6mturnover 2024
Staff
68.8 FTE
Equity
€14.4m
Profit
€8.5m
Financial health
72 Healthy Checked score 2024
Bankruptcy chance 12 m
0.6%
Structure
Parent
Aquila · 100%
Board
3 members
Holdings
3
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 63 d overdue
Why 72- Liquidity: current ratio 6.21, cash €22,000, halved- Figures for FY 2024 (filed 23-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 53 days late; 2 of the last 3 late+ Profit of €8.5m (FY 2024)Show the evidence

Checked score

Score 2024
72 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 78% of its sector peers (NACE 62, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 100+17
equity 80.5% of total assets
Liquidity 49+3
short-term debt 11.2% · cash 0.1%
Profitability 100=
return on assets 47.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (209 companies)
Last 12 months 11-2025: 0.2% 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -4.7% vs 01-2026 03-2026: 0.2%▲ +2.2% vs 02-2026 04-2026: 0.2%▼ -2.6% vs 03-2026lowest value 05-2026: 0.2%▲ +3.1% vs 04-2026 06-2026: 0.2%▲ +2.6% vs 05-2026 07-2026: 0.2%▼ -0.8% vs 06-2026 08-2026: 0.4%▲ +69.2% vs 07-2026 09-2026: 0.4%▲ +12.1% vs 08-2026 10-2026: 0.6%▲ +37.2% vs 09-2026highest value
  • Liquidity: current ratio 6.21, cash €22,000, halved raises the probability
  • Figures for FY 2024 (filed 23-09-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 53 days late; 2 of the last 3 late raises the probability
  • Profit of €8.5m (FY 2024) lowers the probability
Credit up to €1,000,000 at 30 days acceptable
Liquidity ample (current ratio 6.21 against 3.64 in 2023; short-term debt: 11.2% and cash: 0.1% of total assets), and 19.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 95%, liquidity 65%, profitability 98%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 6.21, cash €22,000, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 23-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 53 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Profit of €8.5m (FY 2024)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 filings
Deviation from the deadline
2025
not confirmed
2024
53 d late
2023
30 d early
2022
87 d late
2021
30 d late
2020
24 d early
2019
116 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations: Angelika Buechler, Maximilien Weber and…Permanent representative: Frank Suykens De…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €8.5m ▲30.7%

Key points

  • Positive: Among the best 5% on net resultsector median €33,054 · 1,560 companies €8.5m View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Controlled by Aquilaultimately: HEXAGON AB 100% View
  • EU supportawarded 2021 - 2025 €1.2m View
  • Positive: 7 profitable years in a rowprofit 2024: €8.5m 7 years View
  • Positive: Result rose in 2024from €6.5m to €8.5m ▲ 30.7% View

By topic

Financials

Fiscal year
2024
Turnover
€15.6m
Profit
€8.5m
Solvency
80.5%
Turnover▲ 2.0%
Net result
20182024
Go to Financials

Board & ownership

Board
3 members
Parent
Aquila · 100%
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Go to Board & ownership

Timeline

Events
37
Since
2009
  1. 06-01-2026Resignations: Angelika Buechler, Maximilien Weber and Aquila
  2. 22-09-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
30-03-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De vennootschap zal producten maken en dienstverlening verschaffen op het gebied van…
Go to Articles of association

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 Is the workforce growing, and do people stay?Employer check 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?Subsidies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure