LUDIFICA
ActiveSummary
The annual accounts of LUDIFICA for fiscal year 2025 show a net loss of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €5,150 and a net result of -€30,349. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17179 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-75
Solvency28▼-15
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.75 against 1.64 in 2024; short-term debt: 42.5% and cash: 52.7% of total assets), but 97.4% of the assets are financed with debt.
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-15.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 10%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
22 d early
2023
142 d early
2022
118 d early
2021
114 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 82 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€30,349
2024 · €10,469
Working capital
€63,586▲ 7.8%
2024 · €59,003
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,996--€6,329€22,748€10,867▼ 52.2%-€30,119
Net result€5,455--€6,565€22,141€10,469▼ 52.7%-€30,349
Equity€9,455-€2,890▼ 69.4%€25,031▲ 766%€35,500▲ 41.8%€5,150▼ 85.5%
Total assets€125,972-€135,187▲ 7.3%€168,021▲ 24.3%€199,497▲ 18.7%€199,180▼ 0.2%
Debt€116,516-€132,296▲ 13.5%€142,990▲ 8.1%€163,997▲ 14.7%€194,030▲ 18.3%
Working capital€26,229-€33,001▲ 25.8%€61,758▲ 87.1%€59,003▼ 4.5%€63,586▲ 7.8%
Staff (FTE)1.5-63,991.7▲ 4,266,013%2.8▼ 100.0%2.9▲ 3.6%4.1▲ 41.4%
Why a figure moved sharply
- 2023 Staff (FTE) -100% on 2022. The accounts now follow the micro schema, last year the full schema.
- 2022 Staff (FTE) +4,266,013% on 2021. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €30,119 after €10,867 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199,180
Fixed assets
€50,859 ▲ 6.7%
Current assets
€148,321 ▼ 2.3%
Equity and liabilities €199,180
Equity
€5,150 ▼ 85.5%
Debt
€194,030 ▲ 18.3%
Debt's share of the balance-sheet total rises from 82.2% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,540▼
2024 · €29,934
Cash flow
-€10,771▼
2024 · €29,535
Current ratio
1.75▲
2024 · 1.64
Quick ratio
1.72▲
2024 · 1.64
Debt to equity
37.67▲
2024 · 4.62
ROE
-589.3%▼
2024 · 29.5%
ROA
-15.2%▼
2024 · 5.2%
Interest coverage
-45.16▼
2024 · 75.07
Debt ≤ 1 year
€84,735▼
2024 · €92,814
Staff costs
€227,929▲
2024 · €103,571
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.7%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,058 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% | 1.6% |
| 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 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 646 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 | €15,258 | €63,992 | €120,819 | €103,571 | €227,929 | ▲ 120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27 | €10,000 | €19,000 | €19,067 | €19,578 | ▲ 2.7% |
| Other operating charges640/8 | €349 | €57 | €561 | €0 | €127 | - |
| Gross operating margin9900 | €22,631 | €67,720 | €163,128 | €133,505 | €217,515 | ▲ 62.9% |
| Operating profit (loss)9901 | €6,996 | -€6,329 | €22,748 | €10,867 | -€30,119 | ▼ 377% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | €29 | €236 | €257 | €399 | €233 | ▼ 41.5% |
| Recurring financial charges65 | €29 | €236 | €257 | €399 | €233 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €6,967 | -€6,565 | €22,491 | €10,469 | -€30,349 | ▼ 390% |
| Income taxes67/77 | €1,512 | - | €350 | €0 | - | - |
| Profit (loss) for the period9904 | €5,455 | -€6,565 | €22,141 | €10,469 | -€30,349 | ▼ 390% |
| Profit (loss) for the period to be appropriated9905 | €5,455 | -€6,565 | €22,141 | €10,469 | -€30,349 | ▼ 390% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,972 | €135,187 | €168,021 | €199,497 | €199,180 | ▼ 0.2% |
| Fixed assets21/28 | €50,148 | €85,148 | €66,148 | €47,680 | €50,859 | ▲ 6.7% |
| Intangible fixed assets21 | €49,973 | €84,973 | €65,973 | €46,973 | €45,419 | ▼ 3.3% |
| Tangible fixed assets22/27 | - | - | - | €532 | €5,265 | ▲ 889% |
| Furniture and vehicles24 | - | - | - | €532 | €5,265 | ▲ 889% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €75,824 | €50,039 | €101,874 | €151,817 | €148,321 | ▼ 2.3% |
| Stocks and contracts in progress3 | - | - | - | - | €2,778 | - |
| Stocks30/36 | - | - | - | - | €2,778 | - |
| Amounts receivable within one year40/41 | €65,964 | €23,818 | €31,931 | €21,645 | €36,214 | ▲ 67.3% |
| Trade receivables40 | €65,964 | €23,818 | €31,381 | €18,430 | €35,806 | ▲ 94.3% |
| Other amounts receivable41 | - | - | €550 | €3,214 | €408 | ▼ 87.3% |
| Cash at bank and in hand54/58 | €9,835 | €25,995 | €66,888 | €127,556 | €104,964 | ▼ 17.7% |
| Deferred charges and accrued income490/1 | €25 | €226 | €3,054 | €2,617 | €4,365 | ▲ 66.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,972 | €135,187 | €168,021 | €199,497 | €199,180 | ▼ 0.2% |
| Equity10/15 | €9,455 | €2,890 | €25,031 | €35,500 | €5,150 | ▼ 85.5% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | - | - | - | €31,500 | €1,150 | ▼ 96.3% |
| Distributable reserves133 | - | - | - | €31,500 | €1,150 | ▼ 96.3% |
| Profit (loss) carried forward14 | €5,455 | -€1,110 | €21,031 | €0 | - | - |
| Amounts payable17/49 | €116,516 | €132,296 | €142,990 | €163,997 | €194,030 | ▲ 18.3% |
| Amounts payable after more than one year17 | €66,574 | €115,259 | €102,875 | €0 | - | - |
| Other amounts payable178/9 | €66,574 | €115,259 | €102,875 | €0 | - | - |
| Amounts payable within one year42/48 | €49,594 | €17,038 | €40,116 | €92,814 | €84,735 | ▼ 8.7% |
| Trade debts44 | €40,543 | - | €2,676 | €23,252 | €26,039 | ▲ 12.0% |
| Suppliers440/4 | €40,543 | - | €2,676 | €23,252 | €26,039 | ▲ 12.0% |
| Advances received on contracts in progress46 | - | - | €713 | €0 | - | - |
| Taxes, remuneration and social security45 | €9,051 | €17,038 | €36,728 | €14,478 | €58,576 | ▲ 305% |
| Taxes450/3 | €6,905 | €5,745 | €15,019 | €9,851 | €17,020 | ▲ 72.8% |
| Remuneration and social security454/9 | €2,146 | €11,293 | €21,709 | €4,626 | €41,557 | ▲ 798% |
| Other amounts payable47/48 | - | - | - | €55,084 | €120 | ▼ 99.8% |
| Accrued charges and deferred income492/3 | €348 | - | - | €71,183 | €109,295 | ▲ 53.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,455 | -€6,565 | €22,141 | €10,469 | -€30,349 | ▼ 390% |
| + Depreciation and write-downs630 | €27 | €10,000 | €19,000 | €19,067 | €19,578 | ▲ 2.7% |
| Operating cash flow (approximation) | €5,483 | €3,435 | €41,141 | €29,535 | -€10,771 | ▼ 136% |
| Investment in fixed assets (approximation) | - | -€45,000 | €0 | -€599 | -€22,757 | ▼ 3,699% |
| Change in cash | - | €16,160 | €40,894 | €60,668 | -€22,592 | ▼ 137% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€30,349
Net result drops to -€30,349, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €22,141
Net result €22,141 after one loss-making year.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB 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, Chaudfontaine · 1 establishment unit since 2021
Ground area
6,029 m²
Parcel 62030A0367/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LUDIFICA
since 20212.319.516.359
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0367/00B000 | Wallonia | 6,029 m² | - | - |
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.
Similar companies · same sector, comparable size
CoCoding
BE 0785.695.050
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MEDIPILOT
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BUILD MORE
BE 0803.416.257
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Triple A Capital
BE 0660.956.020
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SMITH AND WILLIAMS
BE 0648.981.072
Mons · Eq €5,131
Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 3,052 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
Founded06-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770789120
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.