LUDEL
ActiveLUDEL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.83M and a net result of €396k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 879 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 48.84 against 24.23 in 2024; short-term debt: 2% and cash: 3% of total assets), and 2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
98%
Return on assets
13.7%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
6 d early
2023
16 d early
2022
13 d early
2021
18 d early
2020
32 d early
2019
17 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.83M▲ 16.3%
2024 · €2.43M
2018: €571k
2019: €846k
2020: €940k
2021: €1.25M
2022: €1.77M
2023: €2.20M
2024: €2.43M
2018 → 2025
Total assets
€2.89M▲ 14.0%
2024 · €2.53M
2018: €1.04M
2019: €1.31M
2020: €1.36M
2021: €1.32M
2022: €1.87M
2023: €2.36M
2024: €2.53M
2018 → 2025
Net result
€396k▲ 66.9%
2024 · €238k
2018: €182k
2019: €276k
2020: €94k
2021: €311k
2022: €520k
2023: €425k
2024: €238k
2018 → 2025
Working capital
€2.72M▲ 19.6%
2024 · €2.27M
2018: €274k
2019: €577k
2020: €726k
2021: €1.03M
2022: €1.53M
2023: €1.97M
2024: €2.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.77M▲ 41.6%€2.20M▲ 24.0%€2.43M▲ 10.8%€2.83M▲ 16.3%
Operating result€408k-€674k▲ 64.9%€551k▼ 18.2%€526k▼ 4.4%€519k▼ 1.5%
Net result€311k-€520k▲ 67.3%€425k▼ 18.3%€238k▼ 44.1%€396k▲ 66.9%
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 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.89M
Fixed assets
€114k▼ 30.1%
Current assets
€2.77M▲ 17.1%
Equity and liabilities €2.89M
Equity
€2.83M▲ 16.3%
Debt
€57k▼ 41.9%
The debt ratio falls from 3.9% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€587k▼
2024 · €593k
Cash flow
€465k▲
2024 · €305k
Solvency
98.0%▲
2024 · 96.1%
Current ratio
48.84▲
2024 · 24.23
Quick ratio
47.96▲
2024 · 23.57
Debt / equity
0.02▼
2024 · 0.04
ROE
14.0%▲
2024 · 9.8%
ROA
13.7%▲
2024 · 9.4%
Interest coverage
59.15▼
2024 · 75.35
Debt
€57k▼
2024 · €98k
Debt ≤ 1 year
€57k▼
2024 · €98k
Income taxes
€134k▲
2024 · €81k
Staff costs
€319k▲
2024 · €265k
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€2.53M€2.89M▲
Fixed assets21/28€163k€114k▼
Tangible fixed assets22/27€156k€106k▼
Plant, machinery and equipment23€152k€104k▼
Furniture and vehicles24€133€78▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€8k€8k=
Current assets29/58€2.37M€2.77M▲
Amounts receivable after more than one year29€125k€125k=
Other amounts receivable291€125k€125k=
Stocks and contracts in progress3€64k€50k▼
Stocks30/36€64k€50k▼
Amounts receivable within one year40/41€1.92M€2.38M▲
Trade receivables40-€853
Other amounts receivable41€1.92M€2.37M▲
Current investments50/53€125k€125k=
Cash at bank and in hand54/58€125k€87k▼
Deferred charges and accrued income490/1€15k€11k▼
Equity and liabilities
Total equity and liabilities10/49€2.53M€2.89M▲
Equity10/15€2.43M€2.83M▲
Contributions10/11€19k€19k=
Reserves13€2.42M€2.81M▲
Tax-exempt reserves132€75k€75k=
Distributable reserves133€2.34M€2.74M▲
Amounts payable17/49€98k€57k▼
Amounts payable within one year42/48€98k€57k▼
Trade debts44€26k€20k▼
Suppliers440/4€26k€20k▼
Advances received on contracts in progress46€20k-
Taxes, remuneration and social security45€28k€34k▲
Taxes450/3€6k€160▼
Remuneration and social security454/9€21k€33k▲
Other amounts payable47/48€24k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€265k€319k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€68k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€866k€913k▲
Operating profit (loss)9901€526k€519k▼
Financial income75/76B€23k€22k▼
Recurring financial income75€23k€22k▼
Financial charges65/66B€230k€10k▼
Recurring financial charges65€8k€10k▲
Non-recurring financial charges66B€222k-
Profit (loss) for the period before taxes9903€319k€530k▲
Income taxes67/77€81k€134k▲
Profit (loss) for the period9904€238k€396k▲
Profit (loss) for the period to be appropriated9905€238k€396k▲
Appropriation of the result
Profit (loss) to be appropriated9906€238k€396k▲
Transfer to equity691/2€238k€396k▲
To other reserves6921€238k€396k▲
Social balance
Average headcount (FTE)90877.48.7▲
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 48.84
Current ratio from 24.23 to 48.84; short-term debt falls from €98k to €57k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.20M ▲24%
6 profitable years in a row build equity to €2.20M.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €520k ▲67.3%
Operating result €674k, net result €520k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 16.09
Current ratio from 2.79 to 16.09; short-term debt falls from €407k to €68k.
31-12
Financial
Equity above €1MEq €1.25M ▲33.1%
4 profitable years in a row build equity to €1.25M.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €94k ▼66%
Net result drops to €94k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Martens-Latem · 1 establishment unit since 1990
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.
Broekstraat 429831 Sint-Martens-LatemGround area
3,759 m²
Building footprint
1,071 m²
Volume, LiDAR
19,955 m³
2 parcels, Flanders · tallest building 29.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Funland
since 19902.048.791.537
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015B0369/00B000 | Flanders | 2,978 m² | 1 · 276 m² | 7.6 m · 1 fl. |
| 38008A0192/00C000 | Flanders | 781 m² | 1 · 795 m² | 29.6 m · 9 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400FI5DTM6TBKCQ16
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GAMCO DIGITAL
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PEPPERMILL GENK
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Of 298 companies in sector 93293 we hold annual accounts for 190. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-05-1990
Fiscal year end31-12
Activities, NACEBEL
92722
93293Sports, amusement and recreation activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.