LUDISA
ActiveSummary
LUDISA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €395,755 and a net result of €36,611. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 13683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+10
Solvency78▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.55 in 2024; short-term debt: 46.3% and cash: 22.8% of total assets), and 46.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
53.1%
Return on assets
4.9%
Age of the figures
12 mo
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
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 · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d early
2021
2 d late
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#5 company by equity in Veurne, Accommodation and food service sector#7 company by total assets in Veurne, Accommodation and food service sector
Equity
€395,755▲ 10.2%
2024 · €359,145
Total assets
€744,750▼ 1.4%
2024 · €755,664
Net result
€36,611▲ 11.8%
2024 · €32,755
Working capital
-€149,683▲ 3.8%
2024 · -€155,556
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,768€71,970▲ 57.2%€74,201▲ 3.1%€69,265▼ 6.7%€76,352▲ 10.2%
Net result€24,357within the sector's middle half€52,176above the sector's middle half▲ 114%€47,106above the sector's middle half▼ 9.7%€32,755above the sector's middle half▼ 30.5%€36,611above the sector's middle half▲ 11.8%
Equity€227,107above the sector's middle half▲ 12.0%€279,283above the sector's middle half▲ 23.0%€326,390above the sector's middle half▲ 16.9%€359,145above the sector's middle half▲ 10.0%€395,755above the sector's middle half▲ 10.2%
Total assets€713,864above the sector's middle half▼ 1.0%€724,723above the sector's middle half▲ 1.5%€754,097above the sector's middle half▲ 4.1%€755,664above the sector's middle half▲ 0.2%€744,750above the sector's middle half▼ 1.4%
Debt€486,756▼ 6.0%€445,439▼ 8.5%€427,707▼ 4.0%€396,519▼ 7.3%€348,995▼ 12.0%
Working capital-€198,798below the sector's middle half▲ 17.3%-€180,420below the sector's middle half▲ 9.2%-€173,426below the sector's middle half▲ 3.9%-€155,556below the sector's middle half▲ 10.3%-€149,683below the sector's middle half▲ 3.8%
Solvency31.8%within the sector's middle half▲ 3.7pp38.5%within the sector's middle half▲ 6.7pp43.3%within the sector's middle half▲ 4.7pp47.5%within the sector's middle half▲ 4.2pp53.1%within the sector's middle half▲ 5.6pp
Current ratio0.39below the sector's middle half▲ 0.170.44below the sector's middle half▲ 0.050.49below the sector's middle half▲ 0.050.55within the sector's middle half▲ 0.070.57within the sector's middle half▲ 0.01
Return on assets (ROA)3.4%within the sector's middle half▲ 8.1pp7.2%within the sector's middle half▲ 3.8pp6.2%within the sector's middle half▼ 1.0pp4.3%within the sector's middle half▼ 1.9pp4.9%within the sector's middle half▲ 0.6pp
Staff (FTE)3.8=3.6▼ 5.3%3.8▲ 5.6%4.2▲ 10.5%4.1▼ 2.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €744,750
Fixed assets
€549,636 ▼ 2.6%
Current assets
€195,114 ▲ 2.0%
Equity and liabilities €744,750
Equity
€395,755 ▲ 10.2%
Debt
€348,995 ▼ 12.0%
Debt's share of the balance-sheet total falls from 52.5% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,200▲
2024 · €100,145
Cash flow
€69,459▲
2024 · €63,634
Quick ratio
0.52▲
2024 · 0.51
Debt to equity
0.88▼
2024 · 1.10
ROE
9.3%▲
2024 · 9.1%
Interest coverage
4.72▲
2024 · 3.64
Debt ≤ 1 year
€344,797▼
2024 · €346,807
Debt > 1 year
€3,973▼
2024 · €48,297
Income taxes
€17,507▲
2024 · €9,289
Staff costs
€179,669▲
2024 · €165,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,340 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% | 1.8% |
| 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 10,905 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 | €46,349 | €103,229 | €127,663 | €165,364 | €179,669 | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,203 | €26,942 | €27,024 | €30,879 | €32,848 | ▲ 6.4% |
| Other operating charges640/8 | €5,536 | €6,041 | €7,665 | €7,485 | €8,884 | ▲ 18.7% |
| Non-recurring operating charges66A | - | - | €885 | - | - | - |
| Gross operating margin9900 | €164,857 | €208,182 | €237,438 | €272,994 | €297,753 | ▲ 9.1% |
| Operating profit (loss)9901 | €45,768 | €71,970 | €74,201 | €69,265 | €76,352 | ▲ 10.2% |
| Financial income75/76B | - | €1 | €509 | €313 | €883 | ▲ 182% |
| Recurring financial income75 | - | €1 | €509 | €313 | €883 | ▲ 182% |
| Financial charges65/66B | €21,076 | €19,795 | €22,558 | €27,534 | €23,117 | ▼ 16.0% |
| Recurring financial charges65 | €21,076 | €19,795 | €22,558 | €27,534 | €23,117 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €24,692 | €52,176 | €52,152 | €42,044 | €54,118 | ▲ 28.7% |
| Income taxes67/77 | €335 | - | €5,046 | €9,289 | €17,507 | ▲ 88.5% |
| Profit (loss) for the period9904 | €24,357 | €52,176 | €47,106 | €32,755 | €36,611 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €24,357 | €52,176 | €47,106 | €32,755 | €36,611 | ▲ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €713,864 | €724,723 | €754,097 | €755,664 | €744,750 | ▼ 1.4% |
| Fixed assets21/28 | €588,345 | €584,942 | €590,468 | €564,413 | €549,636 | ▼ 2.6% |
| Tangible fixed assets22/27 | €588,337 | €584,934 | €590,460 | €564,405 | €549,628 | ▼ 2.6% |
| Land and buildings22 | €555,106 | €538,744 | €522,382 | €506,020 | €489,658 | ▼ 3.2% |
| Plant, machinery and equipment23 | €3,307 | €11,575 | €9,353 | €10,725 | €18,862 | ▲ 75.9% |
| Furniture and vehicles24 | €426 | - | - | - | €4,514 | - |
| Leasing and similar rights25 | €6,440 | €4,485 | €10,445 | €8,180 | €5,915 | ▼ 27.7% |
| Other tangible fixed assets26 | €23,057 | €30,130 | €48,280 | €39,480 | €30,679 | ▼ 22.3% |
| Financial fixed assets28 | €8 | €8 | €8 | €8 | €8 | = |
| Current assets29/58 | €125,519 | €139,781 | €163,628 | €191,251 | €195,114 | ▲ 2.0% |
| Stocks and contracts in progress3 | €10,368 | €11,504 | €14,537 | €13,607 | €14,528 | ▲ 6.8% |
| Stocks30/36 | €10,368 | €11,504 | €14,537 | €13,607 | €14,528 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €104 | €104 | €120 | €651 | €872 | ▲ 33.9% |
| Trade receivables40 | - | €10 | €90 | €438 | €624 | ▲ 42.6% |
| Other amounts receivable41 | €104 | €94 | €30 | €213 | €248 | ▲ 16.2% |
| Cash at bank and in hand54/58 | €109,416 | €121,976 | €142,096 | €166,477 | €169,572 | ▲ 1.9% |
| Deferred charges and accrued income490/1 | €5,632 | €6,197 | €6,874 | €10,516 | €10,142 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €713,864 | €724,723 | €754,097 | €755,664 | €744,750 | ▼ 1.4% |
| Equity10/15 | €227,107 | €279,283 | €326,390 | €359,145 | €395,755 | ▲ 10.2% |
| Contributions10/11 | €320,000 | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Reserves13 | - | - | €47,000 | €47,000 | €82,000 | ▲ 74.5% |
| Distributable reserves133 | - | - | €47,000 | €47,000 | €82,000 | ▲ 74.5% |
| Profit (loss) carried forward14 | -€92,893 | -€40,717 | -€40,610 | -€7,855 | -€6,245 | ▲ 20.5% |
| Amounts payable17/49 | €486,756 | €445,439 | €427,707 | €396,519 | €348,995 | ▼ 12.0% |
| Amounts payable after more than one year17 | €162,150 | €123,353 | €90,653 | €48,297 | €3,973 | ▼ 91.8% |
| Financial debts170/4 | €162,150 | €123,353 | €90,653 | €48,297 | €3,973 | ▼ 91.8% |
| Amounts payable within one year42/48 | €324,317 | €320,201 | €337,054 | €346,807 | €344,797 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €45,000 | €38,797 | €40,475 | €42,356 | €44,324 | ▲ 4.6% |
| Trade debts44 | €8,256 | €7,800 | €8,961 | €8,171 | €7,769 | ▼ 4.9% |
| Suppliers440/4 | €8,256 | €7,800 | €8,961 | €8,171 | €7,769 | ▼ 4.9% |
| Taxes, remuneration and social security45 | €11,730 | €18,653 | €29,566 | €28,726 | €35,831 | ▲ 24.7% |
| Taxes450/3 | €9,052 | €13,437 | €16,404 | €19,994 | €26,357 | ▲ 31.8% |
| Remuneration and social security454/9 | €2,678 | €5,217 | €13,162 | €8,732 | €9,474 | ▲ 8.5% |
| Other amounts payable47/48 | €259,331 | €254,951 | €258,052 | €267,554 | €256,873 | ▼ 4.0% |
| Accrued charges and deferred income492/3 | €289 | €1,885 | - | €1,415 | €224 | ▼ 84.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,357 | €52,176 | €47,106 | €32,755 | €36,611 | ▲ 11.8% |
| + Depreciation and write-downs630 | €67,203 | €26,942 | €27,024 | €30,879 | €32,848 | ▲ 6.4% |
| Operating cash flow (approximation) | €91,560 | €79,118 | €74,130 | €63,634 | €69,459 | ▲ 9.2% |
| Investment in fixed assets (approximation) | - | -€23,539 | -€32,551 | -€4,824 | -€18,071 | ▼ 275% |
| Change in cash | - | €12,560 | €20,121 | €24,381 | €3,095 | ▼ 87.3% |
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 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €52,176 ▲114%
Net result €52,176, the highest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Back to profitnet €24,357
Net result €24,357 after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€33,467
Net result drops to -€33,467, the lowest in the series; recovery starts the following year.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Veurne · 1 establishment unit since 2011
Ground area
169 m²
Building footprint
180 m²
Volume, LiDAR
1,344 m³
Parcel 38025A0254/00C000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
'T Centrum
since 20112.204.077.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025A0254/00C000 | Flanders | 169 m² | 1 · 180 m² | 11.4 m · 3 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVeurne2.204.077.154
Similar companies · same sector, comparable size
SIL
BE 0751.933.805
Lokeren · Eq €395,794
LES QUATRE A
BE 0864.519.824
Ottignies-Louvain-la-Neuve · Eq €396,527
'T HOVEKE VAN BAREVELT
BE 0473.826.489
Lochristi · Eq €396,749
ALKSSA
BE 0827.616.668
Wijnegem · Eq €394,546
L'ACACIA
BE 0897.463.695
Seraing · Eq €397,335
Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 6,960 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
Founded07-09-2011
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839089392
Also
9925:BE0839089392
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.