LUDIAM
ActiveLUDIAM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €-42k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 1617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 0.11 in 2024; short-term debt: 4.2% and cash: 1.6% of total assets), and 16.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
83.7%
Return on assets
-2.7%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
7 d late
2023
7 d early
2022
41 d early
2021
11 d late
2020
2 d early
2018
16 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€1.30M▼ 3.1%
2024 · €1.34M
2018: €605k
2020: €1.22M
2021: €1.21M
2022: €1.20M
2023: €1.31M
2024: €1.34M
2018 → 2025
Total assets
€1.56M▼ 13.1%
2024 · €1.79M
2018: €1.50M
2020: €1.69M
2021: €1.70M
2022: €1.80M
2023: €1.79M
2024: €1.79M
2018 → 2025
Net result
€-42k
2024 · €36k
2018: €-300k
2020: €614k
2021: €-14k
2022: €-7k
2023: €109k
2024: €36k
2018 → 2025
Working capital
€67k
2024 · €-159k
2018: €-518k
2020: €-128k
2021: €-166k
2022: €-232k
2023: €-145k
2024: €-159k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.20M▼ 0.6%€1.31M▲ 9.1%€1.34M▲ 2.8%€1.30M▼ 3.1%
Operating result€-11k-€-3k▲ 77.6%€-802▲ 68.3%€11k€-38k
Net result€-14k-€-7k▲ 52.0%€109k€36k▼ 67.0%€-42k
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 turns negative in 2025: a loss of €38k after €11k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.56M
Fixed assets
€1.42M▼ 19.6%
Current assets
€132k▲ 559%
Equity and liabilities €1.56M
Equity
€1.30M▼ 3.1%
Provisions
€78k▼ 11.5%
Debt
€176k▼ 51.0%
The debt ratio falls from 20.1% to 11.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€66k▲
2024 · €64k
Cash flow
€62k▼
2024 · €88k
Solvency
83.7%▲
2024 · 75.0%
Current ratio
2.02▲
2024 · 0.11
Quick ratio
2.02▲
2024 · 0.11
Debt / equity
0.14▼
2024 · 0.27
ROE
-3.2%▼
2024 · 2.7%
ROA
-2.7%▼
2024 · 2.0%
Interest coverage
3.98▼
2024 · 5.60
Debt
€176k▼
2024 · €359k
Debt ≤ 1 year
€65k▼
2024 · €179k
Debt > 1 year
€103k▼
2024 · €173k
Income taxes
€484▼
2024 · €11k
Staff costs
€582▼
2024 · €1k
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€1.79M€1.56M▼
Fixed assets21/28€1.77M€1.42M▼
Tangible fixed assets22/27€1.67M€1.32M▼
Land and buildings22€599k€243k▼
Plant, machinery and equipment23€0-
Leasing and similar rights25€32k€90k▲
Other tangible fixed assets26€1.04M€991k▼
Financial fixed assets28€100k€100k=
Current assets29/58€20k€132k▲
Amounts receivable within one year40/41€6k€3k▼
Trade receivables40€1k€10▼
Other amounts receivable41€5k€3k▼
Current investments50/53-€100k
Cash at bank and in hand54/58€9k€24k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.56M▼
Equity10/15€1.34M€1.30M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.28M€1.24M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€215k€191k▼
Distributable reserves133€1.06M€1.04M▼
Profit (loss) carried forward14€758€0▼
Provisions and deferred taxes16€88k€78k▼
Deferred taxes168€88k€78k▼
Amounts payable17/49€359k€176k▼
Amounts payable after more than one year17€173k€103k▼
Financial debts170/4€103k€33k▼
Other amounts payable178/9€70k€70k=
Amounts payable within one year42/48€179k€65k▼
Current portion of amounts payable after more than one year42€26k€35k▲
Trade debts44€32k€4k▼
Suppliers440/4€32k€4k▼
Taxes, remuneration and social security45€12k€2k▼
Taxes450/3€11k€2k▼
Remuneration and social security454/9€897€0▼
Other amounts payable47/48€109k€24k▼
Accrued charges and deferred income492/3€7k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€46k€4▼
Remuneration, social security and pensions62€1k€582▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€104k▲
Other operating charges640/8€5k€13k▲
Gross operating margin9900€70k€80k▲
Operating profit (loss)9901€11k€-38k▼
Financial income75/76B€40k€3k▼
Recurring financial income75€40k€3k▼
Financial charges65/66B€11k€17k▲
Recurring financial charges65€11k€17k▲
Profit (loss) for the period before taxes9903€40k€-51k▼
Transfer from deferred taxes780€7k€10k▲
Income taxes67/77€11k€484▼
Profit (loss) for the period9904€36k€-42k▼
Transfer from tax-exempt reserves789€16k€25k▲
Profit (loss) for the period to be appropriated9905€52k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-16k▼
Profit (loss) brought forward from the previous period14P€758€758=
Transfer from equity791/2-€16k
Transfer to equity691/2€52k€0▼
To other reserves6921€52k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 18current ratio 2.02
Current ratio from 0.11 to 2.02; short-term debt falls from €179k to €65k.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €109k
Net result €109k after 2 loss-making years.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €614k
Net result €614k after one loss-making year.
30-06
Financial
Equity above €1MEq €1.22M ▲102%
Equity rises from €605k to €1.22M.
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 1989
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.
Brakelstraat 129830 Sint-Martens-LatemGround area
3,952 m²
Building footprint
1,200 m²
Volume, LiDAR
8,472 m³
2 parcels, Flanders · tallest building 18.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUDIAM BVBA
since 19892.044.822.851
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0319/00C000 | Flanders | 2,822 m² | 1 · 297 m² | 7.5 m · 2 fl. |
| 44804D0331/00D000 | Flanders | 1,130 m² | 1 · 904 m² | 18.2 m · 2 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.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 1,358 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-06-1989
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.