Equity
€437,429 ▲ 31.6%
LUDAK has made a profit in every financial year since 2012.
LUDAK
Lifetime
14 annual accounts with figures on one time axisGross marginpeak €1.3m (2022)
€808,121▲ 4.1%
Resultpeak €303,814 (2021)
€157,094▼ 2.3%
Equitypeak €671,729 (2023)
€437,429▲ 31.6%
Debts
€1.8m▼ 6.8%
Staffpeak 10.4 FTE (2020)
9 FTE▲ 38.5%
Board2 names since 2022
1 directorKYLD
Owners2 names in the annual accounts
100%KYLD
Documentsfilings and deeds
05-06-202656 days before the deadline
2025abbreviated format
Staff from 6.5 FTE to 9 FTEDividend €52,181Equity from €332,516 to €437,429Cash from €188,698 to €290,356
Key points
from the 2025 annual accountsTurnover
≈ €4.2m estimated
The abbreviated format states no turnover.
Debts
€1.8m 81% of the balance sheet
Financial debts 77%Suppliers 8%Taxes and wages 3%Other 13%
Of this, €418,278 falls due within a year.
Staff
11 employees on 31-12-2025
In 2025, 74 people joined and 69 left.
Filings
14 annual accounts since 2012
The last five annual accounts were filed 20 to 56 days before the end of the period.
Position in the sector
€157,094
Higher net result than 84% of companies in retail trade. Sector median €27,482 · 12,825 companies.
Checked score
89
Excellent
Financially stronger than 62% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.2 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026highest value
07-2026: 0.2%▼ -0.3 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Equity €437,429 (19.4% of total assets)
lowers risk
Liquidity: current ratio 3.55, cash €290,356
Founded in 2011
Figures for financial year 2025 (filed on 05-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 35% of them on solvency, 67% on liquidity, 66% on profitability and 80% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as LUDAK has now. Each dot stands for 13 companies, two years later.
95.8%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LUDAK itself is lower: 0.2% within 12 months. It rests on far more data about LUDAK than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for LUDAK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.55 (3.38 in 2024), above the usual 1.5. Short-term debt is 18.6% and cash 12.9% of total assets. However, 80.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
55 days early
2023
43 days early
2022
20 days early
2021
32 days early
2020
42 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New director
BV KYLD appointed, BV Dulok resigned · Permanent representative: van Hees Dominiek · Director discharge: BV Dulok (director (not named in the articles)) · General meeting of 06-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0836858788
Legal-form change · Resignations & appointments
General meeting of 05-05-2022 · Gazette deed
Incorporation
published on 22-06-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| LUDAK Hoogstraten | €2.2m | €0.8m | 19.4% | 9 |
| FERMOLUX SE Lommel | €2.0m | €0.7m | 40.3% | 10.3 |
| NIJLEN DOE HET ZELF Brasschaat | €2.2m | €1.1m | 55.2% | 7.7 |
| GREENBE Lasne | €2.6m | €0.9m | 45.9% | 8.1 |
| HEUSY BRICO GARDEN Verviers | €1.8m | €0.7m | 13.2% | 9.2 |
| BATTICE BRICO GARDEN Herve | €1.5m | €0.6m | 24.5% | 8.4 |
| M.B. BRICOLAGE Couvin | €3.6m | €1.1m | 72.1% | 9.6 |
These companies have the same main activity as LUDAK: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €1.5m and €3.6m, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 07-06-2011Normal situation
- Registered office
- 10 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Retail sale of hardware, building materials, paint and glass (general range)NACE 47521and 1 other
- Establishment unit
- 2.200.166.6682940 Stabroek, since 07-06-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 04-06-2025
Annual accounts 2025
- Total assets
- €2.2m▼ 1.2%
- Employeeson 31-12-2025
- 11▲ 83.3%
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Insights on LUDAK
LUDAK files the abbreviated format. That format states no turnover. The gross margin rose from €745,226 in 2012 to €808,121 in 2025.
KYLD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUDAK
- What is the company number of LUDAK?
- The company number of LUDAK is 0836.858.788. The VAT number is the same number with BE in front: BE 0836.858.788.
- Where is LUDAK based?
- The registered office is at Vooraard 3, 2322 Hoogstraten.Company details
- What does LUDAK do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of LUDAK?
- LUDAK is a private limited company (BV).
- When was LUDAK founded?
- LUDAK was founded on 07-06-2011.
- Is LUDAK still active?
- Yes, LUDAK is an active enterprise in the KBO register.
- How many employees does LUDAK have?
- LUDAK had an average of 9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LUDAK?
- The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €808,121 and 34 comparable companies (NACE 475). It probably lies between €2.9m and €6.4m.
- Is LUDAK profitable?
- In financial year 2025, LUDAK made a profit of €157,094.
- Where can I find the annual accounts of LUDAK?
- LUDAK filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUDAK due?
- LUDAK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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