ludenZ
ActiveSummary
ludenZ has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,219 and a net result of €55,499. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 49% of 66 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+95
Solvency91▲+11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.18 in 2024; short-term debt: 34.3% and cash: 0.9% of total assets), and 34.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 92
Relative position
BE, all sectors
reference
Gambling and betting activities (NACE 92)
about 50% more bankruptcies
← 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
65.7%
Return on assets
23%
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
42 d early
2023
8 d late
2022
10 d late
2021
66 d late
2020
38 d early
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 45% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?NGG · 31 companies How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, abbreviated schema
Equity
€158,219▲ 54.0%
2024 · €102,721
Total assets
€240,957▲ 28.2%
2024 · €188,026
Net result
€55,499
2024 · -€114,276
Working capital
€70,719▲ 365%
2024 · €15,221
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,114▲ 90.1%€2,223-€40,749-€114,276▼ 180%€55,716
Net result-€34,704below the sector's middle half▲ 45.9%€988within the sector's middle half-€41,239below the sector's middle half-€114,276below the sector's middle half▼ 177%€55,499within the sector's middle half
Equity€257,247above the sector's middle half▼ 11.9%€258,236above the sector's middle half▲ 0.4%€216,997above the sector's middle half▼ 16.0%€102,721within the sector's middle half▼ 52.7%€158,219within the sector's middle half▲ 54.0%
Total assets€489,490above the sector's middle half▲ 41.6%€459,183above the sector's middle half▼ 6.2%€315,943within the sector's middle half▼ 31.2%€188,026below the sector's middle half▼ 40.5%€240,957below the sector's middle half▲ 28.2%
Debt€232,243▲ 333%€200,948▼ 13.5%€98,947▼ 50.8%€85,306▼ 13.8%€82,737▼ 3.0%
Working capital€192,659above the sector's middle half▲ 63.4%€129,776above the sector's middle half▼ 32.6%€1,219within the sector's middle half▼ 99.1%€15,221within the sector's middle half▲ 1,148%€70,719within the sector's middle half▲ 365%
Solvency52.6%within the sector's middle half▼ 31.9pp56.2%within the sector's middle half▲ 3.7pp68.7%within the sector's middle half▲ 12.4pp54.6%within the sector's middle half▼ 14.1pp65.7%within the sector's middle half▲ 11.0pp
Current ratio4.37above the sector's middle half▲ 1.102.29within the sector's middle half▼ 2.081.01within the sector's middle half▼ 1.271.18within the sector's middle half▲ 0.171.85within the sector's middle half▲ 0.68
Return on assets (ROA)-7.1%below the sector's middle half▲ 11.5pp0.2%within the sector's middle half▲ 7.3pp-13.1%below the sector's middle half▼ 13.3pp-60.8%below the sector's middle half▼ 47.7pp23.0%above the sector's middle half▲ 83.8pp
Staff (FTE)2▲ 17.6%2=1.4▼ 30.0%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €55,716 after a loss of €114,276 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240,957
Fixed assets
€87,500 =
Current assets
€153,457 ▲ 52.7%
Equity and liabilities €240,957
Equity
€158,219 ▲ 54.0%
Debt
€82,737 ▼ 3.0%
Debt's share of the balance-sheet total falls from 45.4% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.52▼
2024 · 0.83
ROE
35.1%▲
2024 · -111.2%
Debt ≤ 1 year
€82,737▼
2024 · €85,306
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €31,785 | €60,723 | €59,322 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,129 | €11,129 | €10,927 | €0 | - | - |
| Other operating charges640/8 | €79,972 | €90,017 | €108,422 | €77,510 | €78,598 | ▲ 1.4% |
| Non-recurring operating charges66A | - | - | €1,114 | €131,128 | - | - |
| Gross operating margin9900 | €116,772 | €164,092 | €139,037 | €94,362 | €134,315 | ▲ 42.3% |
| Operating profit (loss)9901 | -€6,114 | €2,223 | -€40,749 | -€114,276 | €55,716 | ▲ 149% |
| Financial income75/76B | - | €368 | €624 | €0 | - | - |
| Recurring financial income75 | - | €368 | €624 | €0 | - | - |
| Financial charges65/66B | €28,590 | €1,603 | €1,113 | €0 | €218 | - |
| Recurring financial charges65 | €28,590 | €1,603 | €1,113 | €0 | €218 | - |
| Profit (loss) for the period before taxes9903 | -€34,704 | €988 | -€41,239 | -€114,276 | €55,499 | ▲ 149% |
| Profit (loss) for the period9904 | -€34,704 | €988 | -€41,239 | -€114,276 | €55,499 | ▲ 149% |
| Profit (loss) for the period to be appropriated9905 | -€34,704 | €988 | -€41,239 | -€114,276 | €55,499 | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €489,490 | €459,183 | €315,943 | €188,026 | €240,957 | ▲ 28.2% |
| Fixed assets21/28 | €239,588 | €228,459 | €216,128 | €87,500 | €87,500 | = |
| Intangible fixed assets21 | €152,982 | €142,055 | €131,128 | €0 | - | - |
| Tangible fixed assets22/27 | €1,316 | €1,114 | €0 | - | - | - |
| Plant, machinery and equipment23 | €1,316 | €1,114 | €0 | - | - | - |
| Financial fixed assets28 | €85,290 | €85,290 | €85,000 | €87,500 | €87,500 | = |
| Current assets29/58 | €249,902 | €230,724 | €99,816 | €100,526 | €153,457 | ▲ 52.7% |
| Amounts receivable within one year40/41 | €90,378 | €194,720 | €94,940 | €98,155 | €151,198 | ▲ 54.0% |
| Trade receivables40 | €90,378 | €144,328 | €75,835 | €98,155 | €92,730 | ▼ 5.5% |
| Other amounts receivable41 | - | €50,392 | €19,105 | €0 | €58,469 | - |
| Cash at bank and in hand54/58 | €154,326 | €33,064 | €4,876 | €2,371 | €2,259 | ▼ 4.7% |
| Deferred charges and accrued income490/1 | €5,198 | €2,939 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €489,490 | €459,183 | €315,943 | €188,026 | €240,957 | ▲ 28.2% |
| Equity10/15 | €257,247 | €258,236 | €216,997 | €102,721 | €158,219 | ▲ 54.0% |
| Contributions10/11 | €527,025 | €527,025 | €527,025 | €527,025 | €527,025 | = |
| Profit (loss) carried forward14 | -€269,777 | -€268,789 | -€310,028 | -€424,304 | -€368,805 | ▲ 13.1% |
| Amounts payable17/49 | €232,243 | €200,948 | €98,947 | €85,306 | €82,737 | ▼ 3.0% |
| Amounts payable after more than one year17 | €100,000 | €100,000 | €0 | - | - | - |
| Financial debts170/4 | €100,000 | €100,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €57,243 | €100,948 | €98,597 | €85,306 | €82,737 | ▼ 3.0% |
| Trade debts44 | €36,010 | €70,001 | €94,541 | €85,306 | €59,334 | ▼ 30.4% |
| Suppliers440/4 | €36,010 | €70,001 | €94,541 | €85,306 | €59,334 | ▼ 30.4% |
| Taxes, remuneration and social security45 | €10,225 | €19,412 | €4,056 | €0 | €23,404 | - |
| Taxes450/3 | €1,106 | €2,150 | €0 | - | €23,404 | - |
| Remuneration and social security454/9 | €9,119 | €17,262 | €4,056 | €0 | - | - |
| Other amounts payable47/48 | €11,009 | €11,535 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €75,000 | - | €350 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,704 | €988 | -€41,239 | -€114,276 | €55,499 | ▲ 149% |
| + Depreciation and write-downs630 | €11,129 | €11,129 | €10,927 | €0 | - | - |
| Operating cash flow (approximation) | -€23,575 | €12,117 | -€30,312 | -€114,276 | €55,499 | ▲ 149% |
| Investment in fixed assets (approximation) | - | €0 | €1,404 | €128,628 | €0 | ▼ 100% |
| Change in cash | - | -€121,262 | -€28,189 | -€2,505 | -€113 | ▲ 95.5% |
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
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €55,499
Net result €55,499 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €158,219 ▲54%
Equity rises from €102,721 to €158,219.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€114,276
Net result drops to -€114,276, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Back to profitnet €988
Net result €988 after 2 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €15,383
Net result €15,383 after one loss-making year.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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-Jans-Molenbeek · 1 establishment unit since 2006
Ground area
960 m²
Building footprint
945 m²
Volume, LiDAR
7,447 m³
Parcel 21526D0290/00F003, Brussels · tallest building 17.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ludenZ
since 20062.169.898.017
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0290/00F003 | Brussels | 960 m² | 1 · 945 m² | 17.7 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.
Structure & network
Part of the group
NGG
31 companies
Group, risk and exposure
Owners and holdings
1 ownerOwners 1
- NGGparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of ludenZ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 506 companies in sector 92000 we hold annual accounts for 302. 223 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
Founded12-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
Contact
E-mail
info@prono.beSint-Jans-Molenbeek
Phone
0496/261163Sint-Jans-Molenbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881806808
Registered
07-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.