Equity
€14.4m ▲ 15.1%
LUCIAD paid out €6.6m in dividends. That is 78% of the 2024 profit.
LUCIAD
Lifetime
15 annual accounts with figures on one time axis, 25 filings since 2000peak €21.0m (2021)
€15.6m▲ 2.0%
lowest -€927,379 (2016)
€8.5m▲ 30.7%
peak €14.4m (2024)
€14.4m▲ 15.1%
€3.5m▼ 61.8%
peak 78.9 FTE (2015)
68.8 FTE▼ 1.6%
Board14 names since 2010all names
4 directorsAquila NV and 3 others
Owners3 names in the annual accounts
100%Aquila and 1 other
Documentsfilings and deeds
22-09-202553 days late
2024financial year
Result from €6.5m to €8.5m2 directors appointed, 1 resignation 13-09Amendment of the articles 01-02Appointment: BDO Bedrijfsrevisoren BV (statutory auditor) 24-01Dividend €6.6mEquity from €12.6m to €14.4m
Key points
from the 2024 annual accountsPayment terms
61 days to suppliers
LUCIAD pays its suppliers 55 days earlier than in 2023. Customers pay 38 days earlier.
Liquidity
6.21 was 3.64 in 2023
Short-term debts fell from €4.6m to €2.0m.
Filings
25 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€8.5m
Higher net result than 95% of companies in computer programming and consultancy. Sector median €33,513 · 1,535 companies.
Public support
€1.2m awarded from 2021 to 2025
EU support, mostly DA/JU/EUI - Decentralised Agencies, Joint Undertakings, EU institutions.
Checked score
58
Fair
Financially stronger than 79% of medium-sized companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Liquidity: current ratio 6.21, cash €22,000, halved
Figures for financial year 2024 (filed on 23-09-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 53 days late; 2 of the last 3 accounts late
lowers risk
Profit of €8.5m (financial year 2024)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized). It does better than 95% of them on solvency, 67% on liquidity, 99% on profitability and 55% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as LUCIAD has now. Each dot stands for 4 companies, two years later.
96.7%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
The bankruptcy probability of LUCIAD itself is higher: 0.6% within 12 months. It rests on far more data about LUCIAD than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,579 companies, not a prediction for LUCIAD. 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.
Credit verdict
Credit of up to €800,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 6.21 (3.64 in 2023), above the usual 1.5. Short-term debt is 11.2% and cash 0.1% of total assets. 19.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 53 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
53 days late
2023
30 days early
2022
87 days late
2021
30 days late
2020
24 days early
2019
116 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 39 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Aquila 100%equity €111.5m (2024) · 2024 annual accounts of Aquila
- HEXAGON AB consolidatesannual accounts 2024
Shares in 3 companies, including Luciad GmbH and Luciad Inc
Board & ownershipRecent changes
3 directors resigning
Angelika Buechler, Maximilien Weber and Aquila · Permanent representative: Frank Suykens De Laet · General meeting of 01-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465607621
2 directors appointed, 1 resignation
Appointments: Vincent Rifici (managing director) and Maximilian Weber (chair of the board) · Resignation: Gunther Sablon · General meeting of 08-05-2024 · Gazette deed
Amendment of the articles
General meeting of 21-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUCIAD Leuven | €15.6m | 53.0% | 80.5% | 68.8 |
| PROJECT ENGINEERING AND CONTRACTING Leuven | €14.6m | -0.4% | 1.5% | 70.4 |
| KEYRUS Grimbergen | €20.4m | 5.6% | 49.7% | 101.5 |
| DESCARTES SYSTEMS (BELGIUM) Lier | €10.2m | 30.0% | 79.9% | 56.7 |
| Cerence Ghent | €11.8m | -5.1% | 76.3% | 58.8 |
| GREISCH INGENIERIE Liège | €18.6m | 3.6% | 6.8% | 66.9 |
| BEAULIEU ICT Waregem | €32.0m | 2.2% | 21.7% | 55.7 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LUCIAD: computer programming (NACE 62100). They are comparable in size and age: total assets between €14m and €21m, founded between 1991 and 2001.
Official details
Source: KBO- Status
- Active since 30-03-1999Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Computer programmingNACE 62100and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.091.558.1443001 Leuven, since 08-07-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Annual accounts 2024
- €18.0m▼ 17.4%
- Employeeson 31-12-2024
- 73▲ 2.8%
- Filing
- Filed on 22-09-2025
Insights on LUCIAD
Solvency rose in 2024 from 57.8% to 80.5% because of a capital increase and lower debts.
Aquila holds all the shares. In October 2025, three directors stepped down. In September 2024, the Official Gazette published the appointment of Vincent Rifici as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUCIAD
- What is the company number of LUCIAD?
- The company number of LUCIAD is 0465.607.621. The VAT number is the same number with BE in front: BE 0465.607.621.
- Where is LUCIAD based?
- The registered office is at Gaston Geenslaan 11, 3001 Leuven.Company details
- What does LUCIAD do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of LUCIAD?
- LUCIAD is a public limited company (NV).
- When was LUCIAD founded?
- LUCIAD was founded on 30-03-1999.
- Is LUCIAD still active?
- Yes, LUCIAD is an active enterprise in the KBO register.
- How many employees does LUCIAD have?
- LUCIAD had an average of 68.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does LUCIAD fall under?
- In its 2024 annual accounts, LUCIAD states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of LUCIAD?
- The turnover of LUCIAD was €15.6m in financial year 2024, according to the filed annual accounts.
- Is LUCIAD profitable?
- In financial year 2024, LUCIAD made a profit of €8.5m.
- Where can I find the annual accounts of LUCIAD?
- LUCIAD filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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