LUDION
ActiveLUDION has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €697k and a net result of €-31k. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
22
/ 100
Critical▼ -21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency67=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.4 in 2023), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
68.5%
Return on assets
-3%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€31k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
2022
41 d early
2021
41 d early
2020
32 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€697k▼ 4.2%
2023 · €727k
2018: €843k
2019: €792k
2020: €770k
2021: €753k
2022: €735k
2023: €727k
2018 → 2024
Total assets
€1.02M▼ 5.9%
2023 · €1.08M
2018: €1.45M
2019: €1.32M
2020: €1.19M
2021: €1.15M
2022: €1.11M
2023: €1.08M
2018 → 2024
Net result
€-31k▼ 289%
2023 · €-8k
2018: €3k
2019: €-52k
2020: €-25k
2021: €-17k
2022: €-18k
2023: €-8k
2018 → 2024
Working capital
€-10k▲ 26.7%
2023 · €-13k
2018: €87k
2019: €14k
2020: €-9k
2021: €-4k
2022: €-9k
2023: €-13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€770k-€753k▼ 2.2%€735k▼ 2.4%€727k▼ 1.1%€697k▼ 4.2%
Operating result€-25k-€-20k▲ 18.8%€-21k▼ 5.6%€-10k▲ 53.2%€-32k▼ 228%
Net result€-25k-€-17k▲ 31.5%€-18k▼ 7.1%€-8k▲ 56.2%€-31k▼ 289%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2024 against €10k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.02M
Fixed assets
€1.01M▼ 6.0%
Current assets
€9k▲ 9.6%
Equity and liabilities €1.02M
Equity
€697k▼ 4.2%
Provisions
€92k▼ 6.4%
Debt
€230k▼ 10.3%
The debt ratio falls from 23.7% to 22.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2023 · €23k
Cash flow
€4k▼
2023 · €25k
Solvency
68.5%▲
2023 · 67.3%
Current ratio
0.49▲
2023 · 0.40
Quick ratio
0.49▲
2023 · 0.40
Debt / equity
0.33▼
2023 · 0.35
ROE
-4.4%▼
2023 · -1.1%
ROA
-3.0%▼
2023 · -0.7%
Interest coverage
0.20▼
2023 · 2.43
Debt
€230k▼
2023 · €256k
Debt ≤ 1 year
€19k▼
2023 · €22k
Debt > 1 year
€200k▼
2023 · €227k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.08M€1.02M▼
Fixed assets21/28€1.07M€1.01M▼
Tangible fixed assets22/27€789k€759k▼
Land and buildings22€789k€756k▼
Furniture and vehicles24-€3k
Financial fixed assets28€284k€249k▼
Current assets29/58€9k€9k▲
Amounts receivable within one year40/41-€325
Other amounts receivable41-€325
Cash at bank and in hand54/58-€290
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.02M▼
Equity10/15€727k€697k▼
Contributions10/11€134k€134k=
Reserves13€594k€563k▼
Tax-exempt reserves132€293k€275k▼
Distributable reserves133€300k€288k▼
Provisions and deferred taxes16€98k€92k▼
Deferred taxes168€98k€92k▼
Amounts payable17/49€256k€230k▼
Amounts payable after more than one year17€227k€200k▼
Financial debts170/4€227k€200k▼
Amounts payable within one year42/48€22k€19k▼
Current portion of amounts payable after more than one year42€18k€18k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€727€351▼
Suppliers440/4€727€351▼
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€1k€1k▼
Accrued charges and deferred income492/3€7k€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€35k▲
Other operating charges640/8€7k€13k▲
Gross operating margin9900€29k€15k▼
Operating profit (loss)9901€-10k€-32k▼
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€9k€13k▲
Recurring financial charges65€9k€13k▲
Profit (loss) for the period before taxes9903€-13k€-37k▼
Transfer from deferred taxes780€6k€6k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€-8k€-31k▼
Transfer from tax-exempt reserves789€19k€19k▼
Profit (loss) for the period to be appropriated9905€11k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-12k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€11k-
To other reserves6921€11k-
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-52k ▼1782%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-07
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
1 director, no change since 2022
Peter RUYFFELAERE
CurrentDirector · since 18-11-2022
18-11-2022
Appointed as Director
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1996
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.
Weefstraat 269810 Nazareth-De PinteGround area
1,350 m²
Building footprint
230 m²
Volume, LiDAR
704 m³
Parcel 44018A0343/00E000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Ludion
since 19962.103.023.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0343/00E000 | Flanders | 1,350 m² | 1 · 230 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
ARKO SPORTS MEDIA
BE 0465.301.278
Beringen · Eq €682k
CathoBel
BE 0428.404.062
Wavre · Eq €718k
Forêt.Nature
BE 0433.416.982
Marche-en-Famenne · Eq €670k
Institut International des Sciences Administratives
BE 0407.572.125
Brussel · Eq €724k
VAN DE WIELE
BE 0461.544.410
Brugge · Eq €730k
Of 1,108 companies in sector 58110 we hold annual accounts for 361. 194 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-1996
Fiscal year end31-12
Legal name NL
Peter Ruyffelaere
Activities, NACEBEL
58110Book publishing
45112
46180Agents specialised in the wholesale of other particular products
58130Publishing activities
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.