Luco
ActiveLuco has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €761k and a net result of €35k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
66
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-5
Solvency63▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.46 in 2024), and 64.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
35.7%
Return on assets
1.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
30 d late
2023
9 d late
2022
25 d late
2021
11 d late
2020
11 d early
2019
108 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▼ 30.4%
2024 · €50k
2018: €-283k
2019: €-232k
2020: €67k
2021: €42k
2022: €68k
2023: €73k
2024: €50k
2018 → 2025
Working capital
€393k▼ 29.1%
2024 · €554k
2018: €337k
2019: €185k
2020: €332k
2021: €577k
2022: €577k
2023: €580k
2024: €554k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€686k-€754k▲ 10.0%€827k▲ 9.7%€877k▲ 6.0%€761k▼ 13.2%
Operating result€57k-€66k▲ 16.1%€106k▲ 59.9%€101k▼ 5.1%€93k▼ 7.6%
Net result€42k-€68k▲ 64.6%€73k▲ 6.6%€50k▼ 31.5%€35k▼ 30.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.13M
Fixed assets
€463k▲ 4.4%
Current assets
€1.67M▼ 5.2%
Equity and liabilities €2.13M
Equity
€761k▼ 13.2%
Debt
€1.37M▲ 3.2%
The debt ratio rises from 60.3% to 64.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€115k▼
2024 · €128k
Cash flow
€57k▼
2024 · €77k
Solvency
35.7%▼
2024 · 39.7%
Current ratio
1.31▼
2024 · 1.46
Quick ratio
0.79▼
2024 · 1.01
Debt / equity
1.80▲
2024 · 1.52
ROE
4.6%▼
2024 · 5.7%
ROA
1.6%▼
2024 · 2.3%
Interest coverage
4.38▲
2024 · 3.28
Debt
€1.37M▲
2024 · €1.33M
Debt ≤ 1 year
€1.28M▲
2024 · €1.21M
Debt > 1 year
€94k▼
2024 · €121k
Income taxes
€32k▲
2024 · €15k
Staff costs
€1.68M▼
2024 · €1.68M
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€2.21M€2.13M▼
Formation expenses20-€0
Fixed assets21/28€443k€463k▲
Tangible fixed assets22/27€440k€459k▲
Land and buildings22€412k€403k▼
Plant, machinery and equipment23€13k€9k▼
Furniture and vehicles24€15k€48k▲
Financial fixed assets28€3k€3k=
Current assets29/58€1.76M€1.67M▼
Stocks and contracts in progress3€537k€667k▲
Stocks30/36€262k€392k▲
Contracts in progress37€275k€275k▼
Amounts receivable within one year40/41€1.02M€866k▼
Trade receivables40€275k€284k▲
Other amounts receivable41€745k€582k▼
Cash at bank and in hand54/58€200k€139k▼
Deferred charges and accrued income490/1€6k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.21M€2.13M▼
Equity10/15€877k€761k▼
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Revaluation surpluses12€336k€336k=
Reserves13€564k€264k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€558k€258k▼
Profit (loss) carried forward14€-185k-
Amounts payable17/49€1.33M€1.37M▲
Amounts payable after more than one year17€121k€94k▼
Financial debts170/4€121k€94k▼
Amounts payable within one year42/48€1.21M€1.28M▲
Current portion of amounts payable after more than one year42€85k€63k▼
Financial debts43€567k€492k▼
Credit institutions430/8€567k€492k▼
Trade debts44€367k€445k▲
Suppliers440/4€367k€445k▲
Advances received on contracts in progress46€38k€105k▲
Taxes, remuneration and social security45€153k€175k▲
Taxes450/3€16k€47k▲
Remuneration and social security454/9€136k€127k▼
Accrued charges and deferred income492/3-€0
Income statement
Code20242025
Non-recurring operating income76A€13k€5k▼
Remuneration, social security and pensions62€1.68M€1.68M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€22k▼
Other operating charges640/8€18k€16k▼
Non-recurring operating charges66A€7k€3k▼
Gross operating margin9900€1.84M€1.81M▼
Operating profit (loss)9901€101k€93k▼
Financial income75/76B€4k€308▼
Recurring financial income75€4k€308▼
Financial charges65/66B€39k€26k▼
Recurring financial charges65€39k€26k▼
Profit (loss) for the period before taxes9903€65k€67k▲
Income taxes67/77€15k€32k▲
Profit (loss) for the period9904€50k€35k▼
Profit (loss) for the period to be appropriated9905€50k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-185k€-150k▲
Profit (loss) brought forward from the previous period14P€-235k€-185k▲
Transfer from equity791/2-€335k
Transfer to equity691/2-€35k
To other reserves6921-€35k
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)908726.725.4▼
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
31-12
Financial
Highest result since 2018net €73k ▲6.6%
Operating result €106k, net result €73k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €644k ▲168%
Equity rises from €241k to €644k.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Houthalen-Helchteren · 2 establishment units since 1995
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.
Helzoldstraat 1123530 Houthalen-HelchterenGround area
2,579 m²
Building footprint
228 m²
Volume, LiDAR
1,831 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Helzoldstraat 112, 3530 Houthalen-Helchteren
since 19952.073.861.978
Luco magazijn
since 20222.336.699.217
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014D0491/00X000 | Flanders | 1,537 m² | 1 · 228 m² | 11.5 m · 3 fl. |
| 72015D0785/00_000 | Flanders | 1,043 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 9 entries · 51,645 EUR awarded · 50,201 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 21,767 EUR | 22,588 EUR |
| 2024 | 3 | 18,375 EUR | 16,549 EUR |
| 2023 | 2 | 9,110 EUR | 8,671 EUR |
| 2022 | 1 | 2,393 EUR | 2,393 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
5 categoriesLuco NV28308
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
HELIO+
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Wingene · Eq €761k
R & S SERVICE
BE 0452.635.850
As · Eq €762k
AELBRECHT
BE 0878.183.164
Opwijk · Eq €760k
VARDA
BE 0479.122.788
Antwerpen · Eq €763k
BART VANDERSTRAETEN
BE 0878.047.067
Oudenaarde · Eq €763k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 5,409 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-10-1995
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.