LUCINE
ActiveLUCINE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €2k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 37% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-14
Solvency61▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.13 in 2024; short-term debt: 63.1% and cash: 1.1% of total assets), and 64.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
35.6%
Return on assets
2.4%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
19 d early
2022
31 d late
2021
24 d late
2020
90 d late
2019
17 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▲ 7.2%
2024 · €31k
2018: €27k
2019: €28k
2020: €28k
2021: €30k
2022: €37k
2023: €21k
2024: €31k
2018 → 2025
Total assets
€93k▲ 3.5%
2024 · €90k
2018: €261k
2019: €95k
2020: €145k
2021: €157k
2022: €132k
2023: €94k
2024: €90k
2018 → 2025
Net result
€2k▼ 77.4%
2024 · €10k
2018: €2k
2019: €1k
2020: €521
2021: €2k
2022: €7k
2023: €-16k
2024: €10k
2018 → 2025
Working capital
€22k▲ 192%
2024 · €8k
2018: €105k
2019: €-17k
2020: €-12k
2021: €-6k
2022: €12k
2023: €-2k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€37k▲ 24.4%€21k▼ 43.3%€31k▲ 47.0%€33k▲ 7.2%
Operating result€8k-€18k▲ 128%€-8k€19k€10k▼ 46.6%
Net result€2k-€7k▲ 344%€-16k€10k€2k▼ 77.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€12k▼ 50.2%
Current assets
€81k▲ 23.1%
Equity and liabilities €93k
Equity
€33k▲ 7.2%
Debt
€60k▲ 1.5%
The debt ratio falls from 65.7% to 64.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▼
2024 · €33k
Cash flow
€17k▼
2024 · €24k
Solvency
35.6%▲
2024 · 34.3%
Current ratio
1.38▲
2024 · 1.13
Quick ratio
1.11▲
2024 · 0.95
Debt / equity
1.81▼
2024 · 1.91
ROE
6.8%▼
2024 · 32.0%
ROA
2.4%▼
2024 · 11.0%
Interest coverage
3.94▼
2024 · 4.42
Debt
€60k▲
2024 · €59k
Debt ≤ 1 year
€59k▲
2024 · €58k
Income taxes
€2k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€90k€93k▲
Fixed assets21/28€24k€12k▼
Intangible fixed assets21€14k€4k▼
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€699€50▼
Furniture and vehicles24€9k€8k▼
Current assets29/58€66k€81k▲
Stocks and contracts in progress3€10k€16k▲
Stocks30/36€10k€16k▲
Amounts receivable within one year40/41€45k€63k▲
Trade receivables40€45k€62k▲
Other amounts receivable41-€1k
Cash at bank and in hand54/58€10k€1k▼
Deferred charges and accrued income490/1€711€1k▲
Equity and liabilities
Total equity and liabilities10/49€90k€93k▲
Equity10/15€31k€33k▲
Contributions10/11€13k€13k=
Reserves13€18k€20k▲
Distributable reserves133€18k€20k▲
Amounts payable17/49€59k€60k▲
Amounts payable within one year42/48€58k€59k▲
Current portion of amounts payable after more than one year42€8k-
Financial debts43€8k€8k▲
Credit institutions430/8€8k€8k▲
Trade debts44€17k€17k▼
Suppliers440/4€17k€17k▼
Taxes, remuneration and social security45€4k€13k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€21k€21k▲
Accrued charges and deferred income492/3€834€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€34k€26k▼
Operating profit (loss)9901€19k€10k▼
Financial income75/76B€106€125▲
Recurring financial income75€106€125▲
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€12k€4k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€10k€2k▼
Profit (loss) for the period to be appropriated9905€10k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€2k▼
Transfer to equity691/2€10k€2k▼
To other reserves6921€10k€2k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-16k ▼321%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kinrooi · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kloosterstraat(Kin) 233640 KinrooiGround area
1,528 m²
Building footprint
254 m²
Volume, LiDAR
1,294 m³
Parcel 72018B0419/00F003, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LUCINE
since 20042.138.965.113
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72018B0419/00F003 | Flanders | 1,528 m² | 1 · 254 m² | 10.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2025 · 3 entries · 624 EUR awarded · 961 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 249 EUR | 249 EUR |
| 2024 | 1 | 217 EUR | 217 EUR |
| 2023 | 1 | 158 EUR | 495 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2004
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.lucine-os.be
E-mail:Info@lucine-os.be