LUDAK
ActiveLUDAK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437k and a net result of €157k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+2
Solvency44▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 3.38 in 2024; short-term debt: 18.6% and cash: 12.9% of total assets), but 80.6% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
7%
Age of the figures
9 mo
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
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
55 d early
2023
43 d early
2022
20 d early
2021
32 d early
2020
42 d early
2019
31 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€2.25M▼ 1.2%
2024 · €2.28M
2018: €3.13M
2019: €3.13M
2020: €3.13M
2021: €3.29M
2022: €2.91M
2023: €2.98M
2024: €2.28M
2018 → 2025
Net result
€157k▼ 2.3%
2024 · €161k
2018: €192k
2019: €188k
2020: €259k
2021: €304k
2022: €298k
2023: €208k
2024: €161k
2018 → 2025
Working capital
€1.07M▲ 12.3%
2024 · €950k
2018: €674k
2019: €719k
2020: €703k
2021: €748k
2022: €1.03M
2023: €1.27M
2024: €950k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€464k▲ 179%€672k▲ 44.8%€333k▼ 50.5%€437k▲ 31.6%
Operating result€475k-€480k▲ 1.3%€333k▼ 30.7%€267k▼ 19.7%€253k▼ 5.3%
Net result€304k-€298k▼ 1.9%€208k▼ 30.3%€161k▼ 22.6%€157k▼ 2.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.25M
Fixed assets
€765k▼ 17.6%
Current assets
€1.49M▲ 10.1%
Equity and liabilities €2.25M
Equity
€437k▲ 31.6%
Debt
€1.81M▼ 6.8%
The debt ratio falls from 85.4% to 80.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€416k▼
2024 · €433k
Cash flow
€320k▼
2024 · €327k
Solvency
19.4%▲
2024 · 14.6%
Current ratio
3.55▲
2024 · 3.38
Quick ratio
0.94▲
2024 · 0.64
Debt / equity
4.14▼
2024 · 5.85
ROE
35.9%▼
2024 · 48.4%
ROA
7.0%▼
2024 · 7.1%
Interest coverage
6.08▲
2024 · 5.67
Debt
€1.81M▼
2024 · €1.94M
Debt ≤ 1 year
€418k▲
2024 · €399k
Debt > 1 year
€1.39M▼
2024 · €1.55M
Income taxes
€56k▼
2024 · €57k
Staff costs
€372k▲
2024 · €323k
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€2.28M€2.25M▼
Fixed assets21/28€928k€765k▼
Tangible fixed assets22/27€928k€764k▼
Land and buildings22€905k€758k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€19k€5k▼
Financial fixed assets28€174€174=
Current assets29/58€1.35M€1.49M▲
Stocks and contracts in progress3€1.09M€1.09M▼
Stocks30/36€1.09M€1.09M▼
Amounts receivable within one year40/41€33k€76k▲
Trade receivables40€33k€24k▼
Other amounts receivable41-€52k
Cash at bank and in hand54/58€189k€290k▲
Deferred charges and accrued income490/1€34k€27k▼
Equity and liabilities
Total equity and liabilities10/49€2.28M€2.25M▼
Equity10/15€333k€437k▲
Contributions10/11€19k€19k=
Reserves13€314k€419k▲
Distributable reserves133€314k€419k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.94M€1.81M▼
Amounts payable after more than one year17€1.55M€1.39M▼
Financial debts170/4€1.55M€1.39M▼
Amounts payable within one year42/48€399k€418k▲
Current portion of amounts payable after more than one year42€155k€162k▲
Trade debts44€126k€140k▲
Suppliers440/4€126k€140k▲
Advances received on contracts in progress46€13k€13k▲
Taxes, remuneration and social security45€52k€45k▼
Taxes450/3€20k€9k▼
Remuneration and social security454/9€32k€37k▲
Other amounts payable47/48€53k€57k▲
Accrued charges and deferred income492/3€170€198▲
Income statement
Code20242025
Remuneration, social security and pensions62€323k€372k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€166k€163k▼
Other operating charges640/8€19k€20k▲
Gross operating margin9900€776k€808k▲
Operating profit (loss)9901€267k€253k▼
Financial income75/76B€27k€28k▲
Recurring financial income75€27k€28k▲
Financial charges65/66B€76k€68k▼
Recurring financial charges65€76k€68k▼
Profit (loss) for the period before taxes9903€217k€213k▼
Income taxes67/77€57k€56k▼
Profit (loss) for the period9904€161k€157k▼
Profit (loss) for the period to be appropriated9905€161k€157k▼
Appropriation of the result
Profit (loss) to be appropriated9906€161k€157k▼
Transfer from equity791/2€339k€0▼
Transfer to equity691/2€0€105k▲
To other reserves6921€0€105k▲
Profit to be distributed694/7€500k€52k▼
Return on contributions (dividend)694€500k€52k▼
Social balance
Average headcount (FTE)90876.59.0▲
The notes to these accounts (20 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge8 facts ▸
- General meeting, 06/03/2026
- Director resignation, BV Dulok (niet-statutaire bestuurder)
- Director discharge, BV Dulok
- Director appointment, BV KYLD (niet-statutaire bestuurder)
- Permanent representative, van Hees Dominiek
- Permanent representative, van Hees Dominiek
- Mandate compensation, BV KYLD
- Power of attorney, NV Acs Accountants
2025
31-12
Financial
Weakest financial yearnet €157k ▼2.3%
Net result drops to €157k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €672k ▲44.8%
6 profitable years in a row build equity to €672k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €464k ▲179%
5 profitable years in a row build equity to €464k.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €304k ▲17.3%
Net result €304k, the highest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
KYLD
CurrentNon-statutory director · since 05-05-2022 · Private limited company · perm. rep.: van Hees Dominiek
05-05-2022
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Hoogstraten · 1 establishment unit since 2011
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.
Vooraard 32322 HoogstratenGround area
1.3 ha
Building footprint
1,753 m²
Volume, LiDAR
12,736 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hubo
since 20112.200.166.668
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044C0115/00E000 | Flanders | 1.2 ha | 1 · 1,516 m² | 8.2 m · 2 fl. |
| 13024A0417/00L000 | Flanders | 1,265 m² | 1 · 236 m² | 8.9 m · 2 fl. |
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.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 5,219 EUR awarded · 5,219 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,663 EUR | 2,663 EUR |
| 2023 | 1 | 2,556 EUR | 2,556 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteStabroek2.200.166.668
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
EMEX
BE 0439.432.170
Knokke-Heist · Eq €438k
BOUWMATERIALEN SCHUTTERS
BE 0434.499.424
Antwerpen · Eq €440k
PUBLIRIK
BE 0451.016.148
Dendermonde · Eq €433k
BAS
BE 0454.572.385
Schaarbeek · Eq €442k
VBK - Afrasteringen
BE 0466.210.308
Haaltert · Eq €442k
Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 1,028 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2011
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.