LUD-EAU
ActiveSummary
LUD-EAU has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82k and a net result of €43k. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 1633 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+80
Solvency95▲+38
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 1.46 in 2023; short-term debt: 30.5% and cash: 2.9% of total assets), and 30.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43k
2023 · €-8k
2019: €23k
2020: €20k▼ -14.7% vs 2019
2021: €18k▼ -8.4% vs 2020
2022: €182▼ -99.0% vs 2021
2023: €-8k▼ -4759% vs 2022lowest in 6 years
2024: €43k▲ +607% vs 2023highest in 6 years
2019 → 2024
Working capital
€81k▲ 107%
2023 · €39k
2019: €30k
2020: €28k▼ -4.0% vs 2019lowest in 6 years
2021: €47k▲ +65.5% vs 2020
2022: €48k▲ +1.2% vs 2021
2023: €39k▼ -18.0% vs 2022
2024: €81k▲ +107% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€48k▲ 61.8%€48k▲ 0.4%€39k▼ 17.7%€82k▲ 109%
2020: €30klowest in 5 years
2021: €48k▲ +61.8% vs 2020
2022: €48k▲ +0.4% vs 2021
2023: €39k▼ -17.7% vs 2022
2024: €82k▲ +109% vs 2023highest in 5 years
Operating result€24k-€22k▼ 7.0%€6k▼ 73.3%€-12k€67k
2020: €24k
2021: €22k▼ -7.0% vs 2020
2022: €6k▼ -73.3% vs 2021
2023: €-12k▼ -307% vs 2022lowest in 5 years
2024: €67k▲ +645% vs 2023highest in 5 years
Net result€20k-€18k▼ 8.4%€182▼ 99.0%€-8k€43k
2020: €20k
2021: €18k▼ -8.4% vs 2020
2022: €182▼ -99.0% vs 2021
2023: €-8k▼ -4759% vs 2022lowest in 5 years
2024: €43k▲ +607% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €67k after a loss of €12k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €119k
Fixed assets
€2k ▲ 248%
Current assets
€117k ▼ 5.4%
Equity and liabilities €119k
Equity
€82k ▲ 109%
Debt
€36k ▼ 57.3%
Debt's share of the balance-sheet total falls from 68.2% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▲
2023 · €-12k
Cash flow
€43k▲
2023 · €-8k
Current ratio
3.24▲
2023 · 1.46
Quick ratio
2.85▲
2023 · 1.29
Debt to equity
0.44▼
2023 · 2.14
ROE
52.1%▲
2023 · -21.5%
ROA
36.2%▲
2023 · -6.8%
Interest coverage
7.95▼
2023 · 268.81
Debt ≤ 1 year
€36k▼
2023 · €85k
Income taxes
€17k▲
2023 · €-3k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€124k€119k▼
Fixed assets21/28€444€2k▲
Tangible fixed assets22/27€444€2k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€444-
Current assets29/58€124k€117k▼
Stocks and contracts in progress3€14k€14k=
Stocks30/36€14k€14k=
Amounts receivable within one year40/41€96k€98k▲
Trade receivables40€67k€74k▲
Other amounts receivable41€29k€24k▼
Cash at bank and in hand54/58€13k€3k▼
Deferred charges and accrued income490/1€829€2k▲
Equity and liabilities
Total equity and liabilities10/49€124k€119k▼
Equity10/15€39k€82k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€31k€74k▲
Amounts payable17/49€85k€36k▼
Amounts payable within one year42/48€85k€36k▼
Trade debts44€68k€2k▼
Suppliers440/4€68k€2k▼
Taxes, remuneration and social security45€17k€35k▲
Taxes450/3€5k€20k▲
Remuneration and social security454/9€12k€14k▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€472€222▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€5k€69k▲
Operating profit (loss)9901€-12k€67k▲
Financial income75/76B€736€1k▲
Recurring financial income75€736€1k▲
Financial charges65/66B€-44€8k▲
Recurring financial charges65€-44€8k▲
Profit (loss) for the period before taxes9903€-11k€60k▲
Income taxes67/77€-3k€17k▲
Profit (loss) for the period9904€-8k€43k▲
Profit (loss) for the period to be appropriated9905€-8k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€74k▲
Profit (loss) brought forward from the previous period14P€40k€31k▼
The notes to these accounts (4 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 | - | €5k | €7k | €15k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €365 | €365 | €365 | €472 | €222 | ▼ 53.0% |
| Other operating charges640/8 | - | €1k | €2k | €1k | €2k | ▲ 34.2% |
| Non-recurring operating charges66A | - | €966 | €2k | - | - | - |
| Gross operating margin9900 | €32k | €29k | €17k | €5k | €69k | ▲ 1,316% |
| Operating profit (loss)9901 | €24k | €22k | €6k | €-12k | €67k | ▲ 645% |
| Financial income75/76B | - | €1 | €1 | €736 | €1k | ▲ 73.2% |
| Recurring financial income75 | - | €1 | €1 | €736 | €1k | ▲ 73.2% |
| Financial charges65/66B | - | - | - | €-44 | €8k | ▲ 19,318% |
| Recurring financial charges65 | - | - | - | €-44 | €8k | ▲ 19,318% |
| Profit (loss) for the period before taxes9903 | €24k | €22k | €6k | €-11k | €60k | ▲ 619% |
| Income taxes67/77 | €4k | €4k | €6k | €-3k | €17k | ▲ 655% |
| Profit (loss) for the period9904 | €20k | €18k | €182 | €-8k | €43k | ▲ 607% |
| Profit (loss) for the period to be appropriated9905 | €20k | €18k | €182 | €-8k | €43k | ▲ 607% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105k | €137k | €113k | €124k | €119k | ▼ 4.5% |
| Fixed assets21/28 | €1k | €729 | €365 | €444 | €2k | ▲ 248% |
| Tangible fixed assets22/27 | €1k | €729 | €365 | €444 | €2k | ▲ 248% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | - | €729 | €365 | €444 | - | - |
| Current assets29/58 | €103k | €136k | €112k | €124k | €117k | ▼ 5.4% |
| Stocks and contracts in progress3 | €14k | €14k | €14k | €14k | €14k | = |
| Stocks30/36 | - | €14k | €14k | €14k | €14k | = |
| Amounts receivable within one year40/41 | €88k | €120k | €96k | €96k | €98k | ▲ 1.9% |
| Trade receivables40 | - | €100k | €69k | €67k | €74k | ▲ 10.3% |
| Other amounts receivable41 | - | €20k | €27k | €29k | €24k | ▼ 17.5% |
| Cash at bank and in hand54/58 | €658 | €2k | €2k | €13k | €3k | ▼ 73.8% |
| Deferred charges and accrued income490/1 | - | €276 | €452 | €829 | €2k | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105k | €137k | €113k | €124k | €119k | ▼ 4.5% |
| Equity10/15 | €30k | €48k | €48k | €39k | €82k | ▲ 109% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | €6k | €6k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €21k | €40k | €40k | €31k | €74k | ▲ 137% |
| Amounts payable17/49 | €75k | €89k | €65k | €85k | €36k | ▼ 57.3% |
| Amounts payable within one year42/48 | €75k | €89k | €65k | €85k | €36k | ▼ 57.3% |
| Trade debts44 | €63k | €76k | €50k | €68k | €2k | ▼ 97.6% |
| Suppliers440/4 | - | €76k | €50k | €68k | €2k | ▼ 97.6% |
| Taxes, remuneration and social security45 | - | €13k | €15k | €17k | €35k | ▲ 109% |
| Taxes450/3 | - | €9k | €9k | €5k | €20k | ▲ 309% |
| Remuneration and social security454/9 | - | €5k | €6k | €12k | €14k | ▲ 22.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €18k | €182 | €-8k | €43k | ▲ 607% |
| + Depreciation and write-downs630 | €365 | €365 | €365 | €472 | €222 | ▼ 53.0% |
| Operating cash flow (approximation) | €20k | €19k | €547 | €-8k | €43k | ▲ 639% |
| Investment in fixed assets (approximation) | - | €0 | €-1 | €-551 | €-1k | ▼ 140% |
| Change in cash | - | €982 | €295 | €11k | €-10k | ▼ 187% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.24
Current ratio from 1.46 to 3.24; short-term debt falls from €85k to €36k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, 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
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Rixensart · 1 establishment unit since 2018
Ground area
123 m²
Building footprint
153 m²
Volume, LiDAR
804 m³
Parcel 25091E0342/00_000, Wallonia · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUD-EAU
since 20182.280.772.183
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091E0342/00_000 | Wallonia | 123 m² | 1 · 153 m² | 15.7 m · 2 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.
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Of 887 companies in sector 33110 we hold annual accounts for 441. 331 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
Founded24-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
33110Repair and maintenance of fabricated metal products
43221Plumbing work
Contact
E-mail
lud-eau@hotmail.com
Phone
0484142204
Scores and ratios are computed by Checked and are not a credit decision.