LUDEFOOT
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 21-10-2026 at the NBB all 7 filings
Equity
-€41,296
2025 · €21,632
Net result
-€62,927▼ 53.6%
2025 · -€40,956
Total assets
€89,267▼ 22.8%
2025 · €115,602
Solvency
-46.3%▼ 65.0pp
2025 · 18.7%
Multi-year overview
2020 to 2026, 7 financial yearsOperating result
-€62,924
▼ 51.4%
2026
20202026
Net result
-€62,927
▼ 53.6%
2026
20202026
Equity
-€41,296
2026
20202026
Total assets
€89,267
▼ 22.8%
2026
20202026
Debt
€130,563
▲ 38.9%
2026
20202026
Working capital
-€67,987
▼ 917%
2026
20202026
Solvency
-46.3%
▼ 65.0pp
2026
20202026
Current ratio
0.48
▼ 0.45
2026
20202026
Return on assets (ROA)
-70.5%
▼ 35.1pp
2026
20202026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023202420252026
Operating result€14,457-€19,870▲ 37.4%€41,260▲ 108%-€12,480€24,228-€41,564-€62,924▼ 51.4%
Net result€4,050-€11,898within the sector's middle half▲ 194%€30,082within the sector's middle half▲ 153%-€12,637below the sector's middle half€16,794within the sector's middle half-€40,956below the sector's middle half-€62,927▼ 53.6%
Equity€16,450-€28,347below the sector's middle half▲ 72.3%€58,430within the sector's middle half▲ 106%€45,793within the sector's middle half▼ 21.6%€62,587within the sector's middle half▲ 36.7%€21,632below the sector's middle half▼ 65.4%-€41,296
Total assets€38,089-€36,205below the sector's middle half▼ 4.9%€79,749below the sector's middle half▲ 120%€76,945below the sector's middle half▼ 3.5%€113,150below the sector's middle half▲ 47.1%€115,602below the sector's middle half▲ 2.2%€89,267▼ 22.8%
Debt€21,639-€7,857▼ 63.7%€21,319▲ 171%€31,152▲ 46.1%€50,563▲ 62.3%€93,970▲ 85.8%€130,563▲ 38.9%
Working capital€11,208-€8,137within the sector's middle half▼ 27.4%€34,849within the sector's middle half▲ 328%€23,747within the sector's middle half▼ 31.9%€33,995within the sector's middle half▲ 43.2%-€6,684within the sector's middle half-€67,987▼ 917%
Solvency43.2%-78.3%above the sector's middle half▲ 35.1pp73.3%within the sector's middle half▼ 5.0pp59.5%within the sector's middle half▼ 13.8pp55.3%within the sector's middle half▼ 4.2pp18.7%below the sector's middle half▼ 36.6pp-46.3%▼ 65.0pp
Current ratio1.52-2.04within the sector's middle half▲ 0.522.63within the sector's middle half▲ 0.601.76within the sector's middle half▼ 0.871.67within the sector's middle half▼ 0.090.93within the sector's middle half▼ 0.740.48▼ 0.45
Return on assets (ROA)10.6%-32.9%above the sector's middle half▲ 22.2pp37.7%above the sector's middle half▲ 4.9pp-16.4%below the sector's middle half▼ 54.1pp14.8%within the sector's middle half▲ 31.3pp-35.4%below the sector's middle half▼ 50.3pp-70.5%▼ 35.1pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a loss of €62,924, larger than the loss of €41,564 in 2025. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €89,267
Fixed assets
€26,691 ▼ 5.7%
Current assets
€62,576 ▼ 28.3%
Equity and liabilities
Equity-€41,296
Debt€130,563
Equity is negative. Debt (€130,563) exceeds the balance-sheet total (€89,267).
Key figures and ratios
Debt ≤ 1 year
€130,563▲
2025 · €93,970
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,350 | - | €5,125 | €1,153 | - |
| Financial fixed assets | - | - | €3,129 | - | - |
| Depreciation and write-downs of the year | €1,980 | €1,535 | €1,708 | €1,430 | €1,624 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,832 | €1,691 | €1,980 | €1,535 | €1,708 | €1,430 | €1,624 | ▲ 13.6% |
| Other operating charges640/8 | - | - | €1,445 | €726 | €702 | €878 | €843 | ▼ 4.0% |
| Gross operating margin9900 | €17,272 | €28,108 | €44,685 | -€10,219 | €26,637 | -€39,256 | -€60,457 | ▼ 54.0% |
| Operating profit (loss)9901 | €14,457 | €19,870 | €41,260 | -€12,480 | €24,228 | -€41,564 | -€62,924 | ▼ 51.4% |
| Financial income75/76B | - | - | €6 | €100 | €505 | €617 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1 | €87 | €6 | €100 | €505 | €617 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €152 | €55 | €88 | €9 | €4 | ▼ 55.6% |
| Recurring financial charges65 | €67 | €33 | €152 | €55 | €88 | €9 | €4 | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | €14,390 | €19,924 | €41,114 | -€12,435 | €24,645 | -€40,956 | -€62,927 | ▼ 53.6% |
| Income taxes67/77 | €10,341 | €8,026 | €11,031 | €201 | €7,850 | - | - | - |
| Profit (loss) for the period9904 | €4,050 | €11,898 | €30,082 | -€12,637 | €16,794 | -€40,956 | -€62,927 | ▼ 53.6% |
| Profit (loss) for the period to be appropriated9905 | €4,050 | €11,898 | €30,082 | -€12,637 | €16,794 | -€40,956 | -€62,927 | ▼ 53.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €38,089 | €36,205 | €79,749 | €76,945 | €113,150 | €115,602 | €89,267 | ▼ 22.8% |
| Fixed assets21/28 | €5,242 | €20,211 | €23,581 | €22,046 | €28,592 | €28,315 | €26,691 | ▼ 5.7% |
| Tangible fixed assets22/27 | €5,242 | €3,551 | €6,921 | €5,386 | €8,803 | €8,526 | €6,902 | ▼ 19.0% |
| Plant, machinery and equipment23 | - | - | €5,004 | €4,469 | €3,934 | €4,170 | €3,058 | ▼ 26.7% |
| Furniture and vehicles24 | - | - | €1,917 | €917 | €4,869 | €4,356 | €3,844 | ▼ 11.8% |
| Financial fixed assets28 | - | €16,660 | €16,660 | €16,660 | €19,789 | €19,789 | €19,789 | = |
| Current assets29/58 | €32,847 | €15,994 | €56,168 | €54,899 | €84,558 | €87,286 | €62,576 | ▼ 28.3% |
| Amounts receivable within one year40/41 | - | €500 | €38,050 | €35,859 | €33,042 | €35,716 | €17,770 | ▼ 50.2% |
| Trade receivables40 | - | - | €6,050 | - | - | - | €2,770 | - |
| Other amounts receivable41 | - | - | €32,000 | €35,859 | €33,042 | €35,716 | €15,000 | ▼ 58.0% |
| Current investments50/53 | - | - | - | - | €40,000 | €40,000 | €40,000 | = |
| Cash at bank and in hand54/58 | €20,347 | €10,291 | €17,914 | €15,955 | €8,586 | €8,585 | €1,792 | ▼ 79.1% |
| Deferred charges and accrued income490/1 | - | - | €204 | €3,085 | €2,930 | €2,985 | €3,014 | ▲ 1.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €38,089 | €36,205 | €79,749 | €76,945 | €113,150 | €115,602 | €89,267 | ▼ 22.8% |
| Equity10/15 | €16,450 | €28,347 | €58,430 | €45,793 | €62,587 | €21,632 | -€41,296 | - |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,190 | €14,087 | €44,170 | €31,533 | €48,327 | €7,372 | -€55,556 | - |
| Amounts payable17/49 | €21,639 | €7,857 | €21,319 | €31,152 | €50,563 | €93,970 | €130,563 | ▲ 38.9% |
| Amounts payable within one year42/48 | €21,639 | €7,857 | €21,319 | €31,152 | €50,563 | €93,970 | €130,563 | ▲ 38.9% |
| Financial debts43 | - | - | - | - | - | €40,000 | €40,000 | = |
| Credit institutions430/8 | - | - | - | - | - | €40,000 | €40,000 | = |
| Trade debts44 | €5,830 | €1,370 | €3,194 | €6,371 | €5,237 | €1,916 | €1,639 | ▼ 14.5% |
| Suppliers440/4 | - | - | €3,194 | €6,371 | €5,237 | €1,916 | €1,639 | ▼ 14.5% |
| Taxes, remuneration and social security45 | - | - | €18,126 | €24,781 | €45,326 | €52,054 | €57,136 | ▲ 9.8% |
| Taxes450/3 | - | - | €18,126 | €16,042 | €41,951 | €48,657 | €53,724 | ▲ 10.4% |
| Remuneration and social security454/9 | - | - | - | €8,739 | €3,375 | €3,396 | €3,413 | ▲ 0.5% |
| Other amounts payable47/48 | - | - | - | - | - | - | €31,788 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,050 | €11,898 | €30,082 | -€12,637 | €16,794 | -€40,956 | -€62,927 | ▼ 53.6% |
| + Depreciation and write-downs630 | €1,832 | €1,691 | €1,980 | €1,535 | €1,708 | €1,430 | €1,624 | ▲ 13.6% |
| Operating cash flow (approximation) | €5,882 | €13,589 | €32,062 | -€11,102 | €18,502 | -€39,526 | -€61,304 | ▼ 55.1% |
| Investment in fixed assets (approximation) | - | -€16,660 | -€5,350 | €0 | -€8,254 | -€1,153 | €0 | - |
| Change in cash | - | -€10,056 | €7,623 | -€1,959 | -€7,368 | -€1 | -€6,793 | ▼ 465,186% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 21-10-2026 | 2026-00565024 | |
| 31-03-2025 | micro format | 29-10-2025 | 2025-00552147 | |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00517905 | |
| 31-03-2023 | micro format | 26-10-2023 | 2023-00492889 | |
| 31-03-2022 | micro format | 19-10-2022 | 2022-20468558 | |
| 31-03-2021 | micro format | 28-10-2021 | 2021-73900554 | |
| 31-03-2020 | micro format | 30-09-2020 | 2020-58000455 |