Result
-€41,899 -€41,899
From profit to loss in 2025, after a profit of €36,003 in 2024.
LUDIAM
Lifetime
18 annual accounts with figures on one time axis, 33 filings since 1990Gross marginpeak €1.0m (2018)
€79,696▲ 14.3%
Resultlowest -€300,186 (2018)
-€41,899▼ €77,901
Equitypeak €1.3m (2024)
€1.3m▼ 3.1%
Debts
€176,106▼ 51.0%
Staffpeak 0.5 FTE (2013)
-not published
Board2 names since 2022
2 directorsDE ROUCK Veronique Marie Louise and 1 other
Documentsfilings and deeds
17-07-202614 days before the deadline
2025abbreviated format
Gross margin from €69,722 to €79,696Loss of €41,899Debts from €359,403 to €176,106Cash from €9,145 to €24,316
Key points
from the 2025 annual accountsLiquidity
2.02 was 0.11 in 2024
Short-term debts fell from €178,880 to €65,127.
Position in the sector
-€41,899
Lower net result than 90% of companies in advertising and market research. Sector median €16,350 · 2,086 companies.
Checked score
89
Excellent
Financially stronger than 52% of micro companies in advertising and market research (NACE 73)
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: 0.2% across 11,229 companies (NACE 73, 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: 0.3%▲ +0.2 percentage points vs 12-2024
02-2025: 0.5%▲ +0.2 percentage points vs 01-2025
03-2025: 0.2%▼ -0.3 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.3%▲ +0.1 percentage points vs 12-2025
02-2026: 0.5%▲ +0.2 percentage points vs 01-2026
03-2026: 0.7%▲ +0.2 percentage points vs 02-2026
04-2026: 1.2%▲ +0.5 percentage points vs 03-2026
05-2026: 1.3%▲ +0.1 percentage points vs 04-2026
06-2026: 1.5%▲ +0.2 percentage points vs 05-2026
07-2026: 2.4%▲ +0.9 percentage points vs 06-2026highest value
08-2026: 0.2%▼ -2.2 percentage points 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
1 change of registered office in 24 months
Loss of €41,899 (financial year 2025)
lowers risk
Size: total assets €1.6m
Figures for financial year 2025 (filed on 17-07-2026)
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 73, micro). It does better than 87% of them on solvency, 42% on liquidity and 29% on profitability.
The bankruptcy probability was computed on 04-11-2026 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, 8,617 companies had the same profile as LUDIAM has now. Each dot stands for 22 companies, two years later.
94.1%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUDIAM itself: 0.2% within 12 months.
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 8,617 companies, not a prediction for LUDIAM. 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 €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.02 (0.11 in 2024), above the usual 1.5. Short-term debt is 4.2% and cash 1.6% of total assets. 16.3% 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
7 days late
2023
7 days early
2022
41 days early
2021
11 days late
2020
2 days early
2018
16 days late
← 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 4 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0437704184
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Sint-Martens-Latem
Registered office moved from Ghent to Sint-Martens-Latem
New registered office: Brakelstraat 12, 9830 Sint-Martens-Latem · Previous registered office: Ham 1, 9000 Gent · Reappointments: SLABBINCK Dany Leopold (director) and DE ROUCK Veronique Marie Louise (director) · General meeting of 03-12-2024 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Sint-Martens-Latem
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| LUDIAM Sint-Martens-Latem | - | - | 83.7% | - |
| S.T.C. et Co Etterbeek | - | - | 31.3% | - |
| Amethix Technologies Brussels | - | - | 17.1% | - |
| IMMODOS Kruisem | €279,999 | -0.3% | 32.4% | - |
| BOOMERANG Destelbergen | - | - | 75.2% | - |
| BEAUTY INTERNATIONAL Ixelles | €297,470 | 12.7% | 38.8% | - |
| LEEWARD en WINDWARD Knokke-Heist | - | - | 5.8% | - |
These companies have the same main activity as LUDIAM: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €1.2m and €1.9m, founded between 1987 and 1993.
Official details
Source: KBO- Status
- Active since 09-06-1989Normal situation
- Activity
- Advertising agenciesNACE 73110
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2022
- Establishment unit
- 2.044.822.8519000 Ghent, since 23-08-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Turnover
- ≈ €200,000estimated
- Total assets
- €1.6m
- Staff
- ≈ 0 FTEestimated
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on LUDIAM
LUDIAM files the abbreviated format. That format states no turnover. The gross margin rose from €66,490 in 2006 to €79,696 in 2025.
The balance sheet grew most in 2017 through fixed assets.
In December 2024, the Official Gazette published the appointment of SLABBINCK Dany Leopold as managing director.
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 LUDIAM
- What is the company number of LUDIAM?
- The company number of LUDIAM is 0437.704.184. The VAT number is the same number with BE in front: BE 0437.704.184.
- Where is LUDIAM based?
- The registered office is at Brakelstraat 12, 9830 Sint-Martens-Latem.Company details
- What does LUDIAM do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of LUDIAM?
- LUDIAM is a public limited company (NV).
- When was LUDIAM founded?
- LUDIAM was founded on 09-06-1989.
- Is LUDIAM still active?
- Yes, LUDIAM is an active enterprise in the KBO register.
- How many employees does LUDIAM have?
- LUDIAM had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does LUDIAM fall under?
- In its 30-06-2022 annual accounts, LUDIAM states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of LUDIAM?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €79,696 and 44 comparable companies (NACE 73). It probably lies between €150,000 and €290,000.
- Is LUDIAM profitable?
- In financial year 2025, LUDIAM made a loss of €41,899.
- Where can I find the annual accounts of LUDIAM?
- LUDIAM filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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