LUDICORP
ActiveSummary
LUDICORP has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361,761 and a net result of €107,095. Equity is growing by ~41.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-1
Solvency100▲+8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 5.99 against 4.07 in 2024; short-term debt: 11.4% and cash: 63.6% of total assets), and 21.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
78.9%
Return on assets
23.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
7 d late
2022
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 4 May (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€107,095▲ 11.6%
2024 · €95,958
Working capital
€260,473▲ 42.7%
2024 · €182,589
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line2022202320242025
Operating result€105,017-€111,640▲ 6.3%€120,690▲ 8.1%€134,363▲ 11.3%
Net result€81,301above the sector's middle half-€87,407above the sector's middle half▲ 7.5%€95,958within the sector's middle half▲ 9.8%€107,095within the sector's middle half▲ 11.6%
Equity€86,301within the sector's middle half-€173,708within the sector's middle half▲ 101%€269,666within the sector's middle half▲ 55.2%€361,761within the sector's middle half▲ 34.2%
Total assets€117,951within the sector's middle half-€210,064within the sector's middle half▲ 78.1%€399,958below the sector's middle half▲ 90.4%€458,289below the sector's middle half▲ 14.6%
Debt€31,650-€36,356▲ 14.9%€130,292▲ 258%€96,528▼ 25.9%
Working capital€76,382within the sector's middle half-€156,515above the sector's middle half▲ 105%€182,589within the sector's middle half▲ 16.7%€260,473within the sector's middle half▲ 42.7%
Solvency73.2%within the sector's middle half-82.7%above the sector's middle half▲ 9.5pp67.4%within the sector's middle half▼ 15.3pp78.9%within the sector's middle half▲ 11.5pp
Current ratio3.41within the sector's middle half-5.31above the sector's middle half▲ 1.894.07above the sector's middle half▼ 1.245.99above the sector's middle half▲ 1.92
Return on assets (ROA)68.9%above the sector's middle half-41.6%above the sector's middle half▼ 27.3pp24.0%above the sector's middle half▼ 17.6pp23.4%above the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458,289
Fixed assets
€145,566 ▼ 7.8%
Current assets
€312,723 ▲ 29.2%
Equity and liabilities €458,289
Equity
€361,761 ▲ 34.2%
Debt
€96,528 ▼ 25.9%
Debt's share of the balance-sheet total falls from 32.6% to 21.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146,676▲
2024 · €133,062
Cash flow
€119,408▲
2024 · €108,330
Debt to equity
0.27▼
2024 · 0.48
ROE
29.6%▼
2024 · 35.6%
Interest coverage
54.96▼
2024 · 73.64
Debt ≤ 1 year
€52,250▼
2024 · €59,490
Debt > 1 year
€44,278▼
2024 · €70,802
Income taxes
€30,579▲
2024 · €26,485
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,781 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,850 | €8,668 | €12,372 | €12,313 | ▼ 0.5% |
| Other operating charges640/8 | €1,072 | €387 | €1,709 | - | - |
| Gross operating margin9900 | €116,939 | €120,695 | €134,771 | €146,676 | ▲ 8.8% |
| Operating profit (loss)9901 | €105,017 | €111,640 | €120,690 | €134,363 | ▲ 11.3% |
| Financial income75/76B | - | €728 | €3,560 | €5,980 | ▲ 68.0% |
| Recurring financial income75 | - | €728 | €3,560 | €5,980 | ▲ 68.0% |
| Financial charges65/66B | €219 | €42 | €1,807 | €2,669 | ▲ 47.7% |
| Recurring financial charges65 | €219 | €42 | €1,807 | €2,669 | ▲ 47.7% |
| Profit (loss) for the period before taxes9903 | €104,798 | €112,326 | €122,443 | €137,674 | ▲ 12.4% |
| Income taxes67/77 | €23,497 | €24,919 | €26,485 | €30,579 | ▲ 15.5% |
| Profit (loss) for the period9904 | €81,301 | €87,407 | €95,958 | €107,095 | ▲ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €81,301 | €87,407 | €95,958 | €107,095 | ▲ 11.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €117,951 | €210,064 | €399,958 | €458,289 | ▲ 14.6% |
| Fixed assets21/28 | €9,919 | €17,193 | €157,879 | €145,566 | ▼ 7.8% |
| Tangible fixed assets22/27 | €9,919 | €17,193 | €45,879 | €33,566 | ▼ 26.8% |
| Plant, machinery and equipment23 | €1,817 | €15,537 | €11,954 | €8,371 | ▼ 30.0% |
| Furniture and vehicles24 | €8,102 | €1,656 | €33,925 | €25,195 | ▼ 25.7% |
| Financial fixed assets28 | - | - | €112,000 | €112,000 | = |
| Current assets29/58 | €108,032 | €192,871 | €242,079 | €312,723 | ▲ 29.2% |
| Amounts receivable within one year40/41 | - | €16,213 | €40,286 | €21,143 | ▼ 47.5% |
| Trade receivables40 | - | €16,213 | €40,286 | €21,143 | ▼ 47.5% |
| Current investments50/53 | - | €150,000 | €160,000 | - | - |
| Cash at bank and in hand54/58 | €108,032 | €26,658 | €41,793 | €291,580 | ▲ 598% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €117,951 | €210,064 | €399,958 | €458,289 | ▲ 14.6% |
| Equity10/15 | €86,301 | €173,708 | €269,666 | €361,761 | ▲ 34.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €81,301 | €168,708 | €264,666 | €356,761 | ▲ 34.8% |
| Amounts payable17/49 | €31,650 | €36,356 | €130,292 | €96,528 | ▼ 25.9% |
| Amounts payable after more than one year17 | - | - | €70,802 | €44,278 | ▼ 37.5% |
| Financial debts170/4 | - | - | €70,802 | €44,278 | ▼ 37.5% |
| Amounts payable within one year42/48 | €31,650 | €36,356 | €59,490 | €52,250 | ▼ 12.2% |
| Current portion of amounts payable after more than one year42 | - | - | €20,000 | €15,641 | ▼ 21.8% |
| Trade debts44 | €509 | €3,304 | €221 | €84 | ▼ 62.0% |
| Suppliers440/4 | €509 | €3,304 | €221 | €84 | ▼ 62.0% |
| Taxes, remuneration and social security45 | €31,063 | €32,718 | €35,944 | €18,468 | ▼ 48.6% |
| Taxes450/3 | €31,063 | €32,718 | €35,944 | €18,468 | ▼ 48.6% |
| Other amounts payable47/48 | €78 | €334 | €3,325 | €18,057 | ▲ 443% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,301 | €87,407 | €95,958 | €107,095 | ▲ 11.6% |
| + Depreciation and write-downs630 | €10,850 | €8,668 | €12,372 | €12,313 | ▼ 0.5% |
| Operating cash flow (approximation) | €92,151 | €96,075 | €108,330 | €119,408 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | -€15,942 | -€153,058 | €0 | ▲ 100% |
| Change in cash | - | -€81,374 | €15,135 | €249,787 | ▲ 1,550% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2022net €107,095 ▲11.6%
Operating result €134,363, net result €107,095, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Equity above €200,000Eq €269,666 ▲55.2%
3 profitable years in a row build equity to €269,666.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
30-09
Financial
Equity above €150,000Eq €173,708 ▲101%
2 profitable years in a row build equity to €173,708.
07-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
03-10
State Gazette act
General meeting · Director reappointment
Director appointment · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Héron · 1 establishment unit since 2021
Ground area
3,786 m²
Building footprint
235 m²
Volume, LiDAR
1,343 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20212.317.032.268
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61073A0276/00D003 | Wallonia | 2,904 m² | 1 · 152 m² | 7.7 m · 2 fl. |
| 61073A0384/00K005 | Wallonia | 882 m² | 1 · 83 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 37,030 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
Founded03-05-2021
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
denis.potier@yahoo.fr
Phone
+32479795932
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767769846
Registered
29-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.