LUCIMO
ActiveSummary
LUCIMO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.34M and a net result of €2.30M. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▲+9
Solvency46▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.33 in 2023; short-term debt: 44.2% and cash: 2.6% of total assets), and 79.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 2024Solvency, return and age of the figures
Solvency
20.6%
Return on assets
6.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4604 sector peers (2024).
NBB · sector comparisonPosition among 4604 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
49 d early
2022
41 d early
2021
32 d early
2020
57 d early
2019
77 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.30M▲ 152%
2023 · €915k
2018: €-1.65M
2019: €1.53M▲ +193% vs 2018
2020: €-3.62M▼ -336% vs 2019lowest in 7 years
2021: €1.92M▲ +153% vs 2020
2022: €1.41M▼ -26.4% vs 2021
2023: €915k▼ -35.1% vs 2022
2024: €2.30M▲ +152% vs 2023highest in 7 years
2018 → 2024
Working capital
€6.77M▲ 31.5%
2023 · €5.14M
2018: €3.43M
2019: €2.59M▼ -24.6% vs 2018lowest in 7 years
2020: €3.56M▲ +37.6% vs 2019
2021: €4.66M▲ +31.0% vs 2020
2022: €4.56M▼ -2.2% vs 2021
2023: €5.14M▲ +12.9% vs 2022
2024: €6.77M▲ +31.5% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.25M-€3.16M▲ 153%€4.57M▲ 44.5%€5.19M▲ 13.4%€7.34M▲ 41.5%
2020: €1.25Mlowest in 5 years
2021: €3.16M▲ +153% vs 2020
2022: €4.57M▲ +44.5% vs 2021
2023: €5.19M▲ +13.4% vs 2022
2024: €7.34M▲ +41.5% vs 2023highest in 5 years
Operating result€-67k-€-259k▼ 290%€-117k▲ 55.0%€-233k▼ 99.3%€-113k▲ 51.5%
2020: €-67khighest in 5 years
2021: €-259k▼ -290% vs 2020lowest in 5 years
2022: €-117k▲ +55.0% vs 2021
2023: €-233k▼ -99.3% vs 2022
2024: €-113k▲ +51.5% vs 2023
Net result€-3.62M-€1.92M€1.41M▼ 26.4%€915k▼ 35.1%€2.30M▲ 152%
2020: €-3.62Mlowest in 5 years
2021: €1.92M▲ +153% vs 2020
2022: €1.41M▼ -26.4% vs 2021
2023: €915k▼ -35.1% vs 2022
2024: €2.30M▲ +152% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €113k in 2024 against €233k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35.68M
Fixed assets
€13.14M ▲ 52.2%
Current assets
€22.54M ▲ 7.5%
Equity and liabilities €35.68M
Equity
€7.34M ▲ 41.5%
Debt
€28.34M ▲ 16.1%
Debt's share of the balance-sheet total falls from 82.5% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-110k▲
2023 · €-232k
Cash flow
€2.30M▲
2023 · €916k
Current ratio
1.43▲
2023 · 1.33
Debt to equity
3.86▼
2023 · 4.70
ROE
31.4%▲
2023 · 17.6%
ROA
6.5%▲
2023 · 3.1%
Interest coverage
0.22▼
2023 · 0.92
Debt ≤ 1 year
€15.78M▼
2023 · €15.82M
Debt > 1 year
€12.56M▲
2023 · €8.56M
Income taxes
€44k▼
2023 · €70k
Staff costs
€193k▲
2023 · €179k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€29.59M€35.68M▲
Fixed assets21/28€8.63M€13.14M▲
Tangible fixed assets22/27€5k€11k▲
Furniture and vehicles24€5k€7k▲
Other tangible fixed assets26-€4k
Financial fixed assets28€8.63M€13.13M▲
Current assets29/58€20.96M€22.54M▲
Amounts receivable after more than one year29€3.13M€3.20M▲
Trade receivables290€3.13M€3.20M▲
Other amounts receivable291€0-
Amounts receivable within one year40/41€2.41M€3.82M▲
Trade receivables40€264k€17k▼
Other amounts receivable41€2.14M€3.81M▲
Current investments50/53€14.83M€14.25M▼
Cash at bank and in hand54/58€250k€929k▲
Deferred charges and accrued income490/1€349k€339k▼
Equity and liabilities
Total equity and liabilities10/49€29.59M€35.68M▲
Equity10/15€5.19M€7.34M▲
Contributions10/11€1.00M€1.00M=
Reserves13€100k€100k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€4.09M€6.24M▲
Amounts payable17/49€24.41M€28.34M▲
Amounts payable after more than one year17€8.56M€12.56M▲
Financial debts170/4€1.56M€1.56M=
Other amounts payable178/9€7.00M€11.00M▲
Amounts payable within one year42/48€15.82M€15.78M▼
Trade debts44€9k€13k▲
Suppliers440/4€9k€13k▲
Taxes, remuneration and social security45€33k€39k▲
Taxes450/3€9k€8k▼
Remuneration and social security454/9€24k€31k▲
Other amounts payable47/48€15.78M€15.72M▼
Accrued charges and deferred income492/3€31k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€179k€193k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€22k€20k▼
Gross operating margin9900€-31k€103k▲
Operating profit (loss)9901€-233k€-113k▲
Financial income75/76B€965k€1.96M▲
Recurring financial income75€965k€1.96M▲
Financial charges65/66B€-252k€-494k▼
Recurring financial charges65€-252k€-494k▼
Profit (loss) for the period before taxes9903€984k€2.35M▲
Income taxes67/77€70k€44k▼
Profit (loss) for the period9904€915k€2.30M▲
Profit (loss) for the period to be appropriated9905€915k€2.30M▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.39M€6.39M▲
Profit (loss) brought forward from the previous period14P€3.47M€4.09M▲
Profit to be distributed694/7€300k€150k▼
Return on contributions (dividend)694€300k€150k▼
Social balance
Average headcount (FTE)90870.01.0▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €144k | €158k | €179k | €193k | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164 | €188 | €366 | €1k | €3k | ▲ 125% |
| Other operating charges640/8 | - | €21k | €21k | €22k | €20k | ▼ 10.3% |
| Gross operating margin9900 | €79k | €-95k | €62k | €-31k | €103k | ▲ 433% |
| Operating profit (loss)9901 | €-67k | €-259k | €-117k | €-233k | €-113k | ▲ 51.5% |
| Financial income75/76B | - | €647k | €1.38M | €965k | €1.96M | ▲ 104% |
| Recurring financial income75 | €840k | €638k | €1.38M | €965k | €1.96M | ▲ 104% |
| Non-recurring financial income76B | - | €9k | €0 | - | - | - |
| Financial charges65/66B | - | €-1.50M | €-231k | €-252k | €-494k | ▼ 95.8% |
| Recurring financial charges65 | €4.39M | €-1.50M | €-231k | €-252k | €-494k | ▼ 95.8% |
| Profit (loss) for the period before taxes9903 | €-3.62M | €1.89M | €1.49M | €984k | €2.35M | ▲ 138% |
| Income taxes67/77 | €-410 | €-27k | €85k | €70k | €44k | ▼ 37.1% |
| Profit (loss) for the period9904 | €-3.62M | €1.92M | €1.41M | €915k | €2.30M | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | €-3.62M | €1.92M | €1.41M | €915k | €2.30M | ▲ 152% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.40M | €22.74M | €29.01M | €29.59M | €35.68M | ▲ 20.6% |
| Fixed assets21/28 | €4.69M | €5.50M | €8.58M | €8.63M | €13.14M | ▲ 52.2% |
| Tangible fixed assets22/27 | €777 | €589 | €2k | €5k | €11k | ▲ 112% |
| Furniture and vehicles24 | - | €589 | €2k | €5k | €7k | ▲ 29.5% |
| Other tangible fixed assets26 | - | - | - | - | €4k | - |
| Financial fixed assets28 | €4.69M | €5.50M | €8.58M | €8.63M | €13.13M | ▲ 52.2% |
| Current assets29/58 | €13.71M | €17.24M | €20.43M | €20.96M | €22.54M | ▲ 7.5% |
| Amounts receivable after more than one year29 | - | €3.00M | €3.06M | €3.13M | €3.20M | ▲ 2.2% |
| Trade receivables290 | - | - | €3.06M | €3.13M | €3.20M | ▲ 2.2% |
| Other amounts receivable291 | - | €3.00M | - | €0 | - | - |
| Amounts receivable within one year40/41 | €97k | €253k | €1.17M | €2.41M | €3.82M | ▲ 58.9% |
| Trade receivables40 | - | €3k | €61k | €264k | €17k | ▼ 93.6% |
| Other amounts receivable41 | - | €250k | €1.11M | €2.14M | €3.81M | ▲ 77.7% |
| Current investments50/53 | €11.41M | €12.93M | €13.24M | €14.83M | €14.25M | ▼ 3.9% |
| Cash at bank and in hand54/58 | €529k | €955k | €2.75M | €250k | €929k | ▲ 272% |
| Deferred charges and accrued income490/1 | - | €96k | €211k | €349k | €339k | ▼ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.40M | €22.74M | €29.01M | €29.59M | €35.68M | ▲ 20.6% |
| Equity10/15 | €1.25M | €3.16M | €4.57M | €5.19M | €7.34M | ▲ 41.5% |
| Contributions10/11 | - | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Reserves13 | €100k | €100k | €100k | €100k | €100k | = |
| Non-distributable reserves130/1 | - | €100k | €100k | €0 | - | - |
| Reserves not available under the articles1311 | - | €100k | €100k | €0 | - | - |
| Distributable reserves133 | - | - | - | €100k | €100k | = |
| Profit (loss) carried forward14 | €149k | €2.06M | €3.47M | €4.09M | €6.24M | ▲ 52.6% |
| Amounts payable17/49 | €17.15M | €19.58M | €24.43M | €24.41M | €28.34M | ▲ 16.1% |
| Amounts payable after more than one year17 | €7.00M | €7.00M | €8.56M | €8.56M | €12.56M | ▲ 46.7% |
| Financial debts170/4 | - | - | €1.56M | €1.56M | €1.56M | = |
| Other amounts payable178/9 | - | €7.00M | €7.00M | €7.00M | €11.00M | ▲ 57.1% |
| Amounts payable within one year42/48 | €10.15M | €12.58M | €15.87M | €15.82M | €15.78M | ▼ 0.3% |
| Trade debts44 | €28k | €25k | €17k | €9k | €13k | ▲ 42.5% |
| Suppliers440/4 | - | €25k | €17k | €9k | €13k | ▲ 42.5% |
| Taxes, remuneration and social security45 | - | €23k | €28k | €33k | €39k | ▲ 18.9% |
| Taxes450/3 | - | €6k | €6k | €9k | €8k | ▼ 4.9% |
| Remuneration and social security454/9 | - | €17k | €22k | €24k | €31k | ▲ 27.4% |
| Other amounts payable47/48 | - | €12.53M | €15.83M | €15.78M | €15.72M | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | €0 | €6k | €31k | €6k | ▼ 81.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3.62M | €1.92M | €1.41M | €915k | €2.30M | ▲ 152% |
| + Depreciation and write-downs630 | €164 | €188 | €366 | €1k | €3k | ▲ 125% |
| Operating cash flow (approximation) | €-3.62M | €1.92M | €1.41M | €916k | €2.30M | ▲ 152% |
| Investment in fixed assets (approximation) | - | €-809k | €-3.08M | €-54k | €-4.51M | ▼ 8,206% |
| Change in cash | - | €426k | €1.79M | €-2.50M | €679k | ▲ 127% |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.30M ▲152%
Net result €2.30M, the highest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.19M ▲13.4%
3 profitable years in a row build equity to €5.19M.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.92M
Net result €1.92M after one loss-making year.
31-12
Financial
Equity above €2MEq €3.16M ▲153%
Equity rises from €1.25M to €3.16M.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-3.62M
Net result drops to €-3.62M, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €1.53M
Net result €1.53M after one loss-making year.
Show earlier events
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Elsene · 1 establishment unit since 2016
Ground area
1,034 m²
Building footprint
815 m²
Volume, LiDAR
15,532 m³
Parcel 21807G0121/00F008, Brussels · tallest building 35.9 m, ±9 floors. Linked by address, not a title deed.
77
companies at this address
See who is registered here
1 establishment unit
LUCIMO
since 20162.256.986.595
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00F008 | Brussels | 1,034 m² | 1 · 815 m² | 35.9 m · 9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
967600ZKGEAKANUDGS78
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 8,571 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
Founded19-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.