Skip to content

LUDO

Active
Public limited companyfounded 196858 yrs activeKarel Van Miertstraat 7, 3070 Kortenberg, BelgiumKBO/BCE: BE 0400.734.318
Summary

LUDO has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.6m and a net result of -€2.3m. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability4▼-63
Solvency68▲+7
Growth59▼-9
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.68 in 2024; short-term debt: 48.6% and cash: 0.9% of total assets), but 56.9% 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

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 58 years 0 60 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2025
Solvency, return and age of the figures
Solvency
43.1%
Return on assets
-11.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
28 d late
2024
18 d early
2023
347 d late
2022
67 d early
2021
22 d early
2020
35 d early
2019
27 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 29 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 January 1968, LUDO was incorporated.1 Revenue went from EUR 22 million in 2019 to EUR 44 million in 2025 and headcount from 14.8 to 21.7 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€43.8m▲ 59.0%
2024 · €27.6m
EBIT margin
-4.6%▼ 12.4pp
2024 · 7.8%
Net result
-€2.3m
2024 · €1.6m
Working capital
€10.0m▼ 18.5%
2024 · €12.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€23.7m▲ 1.5%€24.7m▲ 4.0%€33.3m▲ 34.9%€27.6m▼ 17.1%€43.8m▲ 59.0%
Operating result€1.3m▼ 39.2%€3.7m▲ 186%€3.7m▲ 2.3%€2.2m▼ 42.4%-€2.0m
Net result€853,455above the sector's middle half▼ 39.8%€2.5mabove the sector's middle half▲ 195%€2.7mabove the sector's middle half▲ 8.1%€1.6mabove the sector's middle half▼ 42.3%-€2.3mbelow the sector's middle half
EBIT margin5.4%▼ 3.6pp14.8%▲ 9.4pp11.2%▼ 3.6pp7.8%▼ 3.4pp-4.6%▼ 12.4pp
Equity€6.0mabove the sector's middle half▲ 17.4%€8.5mabove the sector's middle half▲ 40.9%€11.2mabove the sector's middle half▲ 32.0%€11.0mabove the sector's middle half▼ 2.6%€8.6mabove the sector's middle half▼ 21.2%
Total assets€13.4mabove the sector's middle half▲ 0.9%€16.9mabove the sector's middle half▲ 26.5%€17.3mabove the sector's middle half▲ 2.2%€30.5mabove the sector's middle half▲ 76.2%€20.0mabove the sector's middle half▼ 34.3%
Debt€3.8m▼ 19.6%€8.2m▲ 113%€6.1m▼ 26.1%€19.5m▲ 222%€11.4m▼ 41.7%
Working capital€9.5mabove the sector's middle half▲ 30.2%€7.8mabove the sector's middle half▼ 18.1%€11.0mabove the sector's middle half▲ 41.4%€12.3mabove the sector's middle half▲ 11.6%€10.0mabove the sector's middle half▼ 18.5%
Solvency45.2%within the sector's middle half▲ 6.3pp50.3%within the sector's middle half▲ 5.1pp65.0%above the sector's middle half▲ 14.7pp35.9%within the sector's middle half▼ 29.0pp43.1%within the sector's middle half▲ 7.2pp
Current ratio7.23above the sector's middle half▲ 4.022.10within the sector's middle half▼ 5.132.82above the sector's middle half▲ 0.711.68within the sector's middle half▼ 1.132.03within the sector's middle half▲ 0.35
Return on assets (ROA)6.4%within the sector's middle half▼ 4.3pp14.9%above the sector's middle half▲ 8.5pp15.8%above the sector's middle half▲ 0.9pp5.2%within the sector's middle half▼ 10.6pp-11.6%below the sector's middle half▼ 16.8pp
Staff (FTE)17.7within the sector's middle half▲ 6.0%19.6within the sector's middle half▲ 10.7%19.8within the sector's middle half▲ 1.0%19.3within the sector's middle half▼ 2.5%21.7within the sector's middle half▲ 12.4%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2025 Turnover +59% on 2024. This fiscal year ran 16 months, the previous one 12.
Result per fiscal year
Operating resultNet result
-€4.0m-€2.0m€0€2.0m€4.0mOperating result 2021: €1.3m€1.3mNet result 2021: €853,455€853,455Operating result 2022: €3.7m€3.7mNet result 2022: €2.5m€2.5mOperating result 2023: €3.7m€3.7mNet result 2023: €2.7m€2.7mOperating result 2024: €2.2m€2.2mNet result 2024: €1.6m€1.6mOperating result 2025: -€2.0m-€2.0mNet result 2025: -€2.3m-€2.3m20212022202320242025-€4m-€2m€0€2m€4mOperating result 2023: €3.7m€3.7mNet result 2023: €2.7m€2.7mOperating result 2024: €2.2m€2.2mNet result 2024: €1.6m€1.6mOperating result 2025: -€2.0m-€2mNet result 2025: -€2.3m-€2.3m202320242025
The operating result turns negative in 2025: a loss of €2.0m after €2.2m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.0m
Fixed assets €262,674 ▲ 31.8%
Current assets €19.8m ▼ 34.8%
Equity and liabilities €20.0m
Equity €8.6m ▼ 21.2%
Debt €11.4m ▼ 41.7%
Debt's share of the balance-sheet total falls from 64.1% to 56.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1.9m▼
2024 · €2.2m
Cash flow
-€2.2m▼
2024 · €1.6m
Quick ratio
1.04▲
2024 · 0.66
Debt to equity
1.32▼
2024 · 1.78
ROE
-26.9%▼
2024 · 14.3%
Interest coverage
-5.64▼
2024 · 10.89
Debt ≤ 1 year
€9.7m▼
2024 · €18.0m
Debt > 1 year
€1.5m=
2024 · €1.5m
Income taxes
€2,808▼
2024 · €469,349
Staff costs
€1.9m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.1% went bankrupt
8.8% stopped otherwise
90% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 928 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 87 lines
Balance sheet Code20242025
Assets
Total assets20/58€30.5m€20.0m▼
Fixed assets21/28€199,233€262,674▲
Intangible fixed assets21€139,546€143,084▲
Tangible fixed assets22/27€59,016€118,920▲
Land and buildings22€0-
Plant, machinery and equipment23€59,016€82,561▲
Furniture and vehicles24-€36,359
Financial fixed assets28€670€670=
Other financial fixed assets284/8€670€670=
Amounts receivable and cash guarantees285/8€670€670=
Current assets29/58€30.3m€19.8m▼
Stocks and contracts in progress3€18.5m€9.6m▼
Stocks30/36€18.5m€9.6m▼
Raw materials and consumables30/31€13.4m€6.5m▼
Work in progress32€396,448€0▼
Finished goods33€2.1m€1.0m▼
Goods purchased for resale34€2.6m€2.1m▼
Amounts receivable within one year40/41€11.3m€9.5m▼
Trade receivables40€5.8m€5.5m▼
Other amounts receivable41€5.5m€4.0m▼
Cash at bank and in hand54/58€337,113€174,411▼
Deferred charges and accrued income490/1€144,388€453,789▲
Equity and liabilities
Total equity and liabilities10/49€30.5m€20.0m▼
Equity10/15€11.0m€8.6m▼
Contributions10/11€1.1m€1.1m=
Capital10€1.1m€1.1m=
Issued capital100€1.1m€1.1m=
Reserves13€9.8m€7.5m▼
Non-distributable reserves130/1€111,552€111,552=
Legal reserve130€111,552€111,552=
Tax-exempt reserves132€229,819€48,789▼
Distributable reserves133€9.5m€7.4m▼
Amounts payable17/49€19.5m€11.4m▼
Amounts payable after more than one year17€1.5m€1.5m=
Other amounts payable178/9€1.5m€1.5m=
Amounts payable within one year42/48€18.0m€9.7m▼
Financial debts43€5.0m€5.0m=
Credit institutions430/8€5.0m€5.0m=
Trade debts44€10.5m€4.4m▼
Suppliers440/4€10.5m€4.4m▼
Taxes, remuneration and social security45€680,006€382,315▼
Taxes450/3€483,484€208,333▼
Remuneration and social security454/9€196,523€173,982▼
Other amounts payable47/48€1.9m€0▼
Accrued charges and deferred income492/3€31,952€151,073▲
Income statement Code20242025
Operating income70/76A€29.0m€37.3m▲
Turnover70€27.6m€43.8m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€368,785-€7.5m▼
Other operating income74€659,952€914,819▲
Non-recurring operating income76A€1.2m€0▼
Operating charges60/66A€26.9m€39.3m▲
Goods for resale, raw materials and consumables60€23.4m€34.0m▲
Purchases600/8€28.8m€31.9m▲
Change in stocks: decrease (increase)609-€5.4m€2.0m▲
Services and other goods61€2.6m€3.8m▲
Remuneration, social security and pensions62€1.4m€1.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42,364€123,523▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€551,847-€621,861▼
Other operating charges640/8€59,145€170,806▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€2.2m-€2.0m▼
Financial income75/76B€273,040€451,036▲
Recurring financial income75€273,040€451,036▲
Income from current assets751€143,568€233,319▲
Other financial income752/9€129,473€217,718▲
Non-recurring financial income76B€0-
Financial charges65/66B€384,199€746,062▲
Recurring financial charges65€384,199€746,062▲
Debt charges650€201,527€337,337▲
Other financial charges652/9€182,672€408,725▲
Profit (loss) for the period before taxes9903€2.0m-€2.3m▼
Transfer from deferred taxes780€0-
Income taxes67/77€469,349€2,808▼
Taxes670/3€469,349€2,808▼
Profit (loss) for the period9904€1.6m-€2.3m▼
Transfer from tax-exempt reserves789€455,751€227,340▼
Transfer to tax-exempt reserves689-€46,310
Profit (loss) for the period to be appropriated9905€2.0m-€2.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.0m-€2.1m▼
Transfer from equity791/2-€2.1m
From reserves792-€2.1m
Transfer to equity691/2€168,219€0▼
To other reserves6921€168,219€0▼
Profit to be distributed694/7€1.9m€0▼
Return on contributions (dividend)694€1.5m€0▼
Directors or managers695€360,000€0▼
Social balance
Average headcount (FTE)908719.321.7▲

The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€25.7m€37.0m€29.0m€37.3m▲ 28.5%
Turnover70€23.7m€24.7m€33.3m€27.6m€43.8m▲ 59.0%
Change in stocks of work in progress, finished goods and contracts in progress71--€31,109-€48,115-€368,785-€7.5m▼ 1,922%
Other operating income74-€1.1m€873,270€659,952€914,819▲ 38.6%
Non-recurring operating income76A-€8,500€2.9m€1.2m€0▼ 100%
Operating charges60/66A-€22.1m€33.3m€26.9m€39.3m▲ 46.3%
Goods for resale, raw materials and consumables60-€20.2m€28.1m€23.4m€34.0m▲ 45.1%
Purchases600/8-€24.5m€34.0m€28.8m€31.9m▲ 11.0%
Change in stocks: decrease (increase)609--€4.3m-€5.9m-€5.4m€2.0m▲ 138%
Services and other goods61-€1.5m€2.1m€2.6m€3.8m▲ 48.7%
Remuneration, social security and pensions62-€1.3m€1.3m€1.4m€1.9m▲ 38.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€341,022€282,709€17,268€42,364€123,523▲ 192%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€81,283€1.6m-€551,847-€621,861▼ 12.7%
Other operating charges640/8-€135,051€151,484€59,145€170,806▲ 189%
Non-recurring operating charges66A--€1.3m€13,750€0--
Operating profit (loss)9901€1.3m€3.7m€3.7m€2.2m-€2.0m▼ 194%
Financial income75/76B-€163,846€281,366€273,040€451,036▲ 65.2%
Recurring financial income75€52,767€163,846€194,366€273,040€451,036▲ 65.2%
Income from financial fixed assets750-€50,000----
Income from current assets751---€143,568€233,319▲ 62.5%
Other financial income752/9-€113,846€194,366€129,473€217,718▲ 68.2%
Non-recurring financial income76B--€87,000€0--
Financial charges65/66B-€441,740€388,880€384,199€746,062▲ 94.2%
Recurring financial charges65€152,659€441,740€388,880€384,199€746,062▲ 94.2%
Debt charges650€60,650€53,868€27,684€201,527€337,337▲ 67.4%
Other financial charges652/9-€387,872€361,196€182,672€408,725▲ 124%
Profit (loss) for the period before taxes9903€1.2m€3.4m€3.6m€2.0m-€2.3m▼ 214%
Transfer from deferred taxes780-€31,698€206,277€0--
Income taxes67/77€342,386€887,715€1.1m€469,349€2,808▼ 99.4%
Taxes670/3-€887,715€1.1m€469,349€2,808▼ 99.4%
Tax adjustments and reversals of tax provisions77--€3,216---
Profit (loss) for the period9904€853,455€2.5m€2.7m€1.6m-€2.3m▼ 248%
Transfer from tax-exempt reserves789-€95,095€618,831€455,751€227,340▼ 50.1%
Transfer to tax-exempt reserves689-€227,340--€46,310-
Profit (loss) for the period to be appropriated9905€963,163€2.4m€3.3m€2.0m-€2.1m▼ 206%
Line20212022202320242025Change
Assets
Total assets20/58€13.4m€16.9m€17.3m€30.5m€20.0m▼ 34.3%
Fixed assets21/28€2.4m€2.1m€237,001€199,233€262,674▲ 31.8%
Intangible fixed assets21--€53,378€139,546€143,084▲ 2.5%
Tangible fixed assets22/27€1.8m€1.6m€182,954€59,016€118,920▲ 102%
Land and buildings22-€133,567€133,567€0--
Plant, machinery and equipment23-€23,850€49,386€59,016€82,561▲ 39.9%
Furniture and vehicles24-€52,082--€36,359-
Leasing and similar rights25-€1.1m----
Other tangible fixed assets26-€270,006----
Financial fixed assets28€519,670€519,670€670€670€670=
Affiliated companies280/1-€519,000----
Participating interests280-€519,000----
Other financial fixed assets284/8-€670€670€670€670=
Amounts receivable and cash guarantees285/8-€670€670€670€670=
Current assets29/58€11.0m€14.8m€17.1m€30.3m€19.8m▼ 34.8%
Stocks and contracts in progress3€4.2m€8.5m€12.7m€18.5m€9.6m▼ 48.0%
Stocks30/36-€8.5m€12.7m€18.5m€9.6m▼ 48.0%
Raw materials and consumables30/31-€6.7m€9.3m€13.4m€6.5m▼ 51.7%
Work in progress32--€589,112€396,448€0▼ 100%
Finished goods33-€9,125€675,813€2.1m€1.0m▼ 51.9%
Goods purchased for resale34-€1.7m€2.1m€2.6m€2.1m▼ 17.4%
Amounts receivable within one year40/41€2.5m€6.0m€3.5m€11.3m€9.5m▼ 16.0%
Trade receivables40-€5.8m€2.4m€5.8m€5.5m▼ 5.3%
Other amounts receivable41-€180,396€1.1m€5.5m€4.0m▼ 27.2%
Cash at bank and in hand54/58€4.4m€351,821€824,574€337,113€174,411▼ 48.3%
Deferred charges and accrued income490/1-€43,798€36,110€144,388€453,789▲ 214%
Equity and liabilities
Total equity and liabilities10/49€13.4m€16.9m€17.3m€30.5m€20.0m▼ 34.3%
Equity10/15€6.0m€8.5m€11.2m€11.0m€8.6m▼ 21.2%
Contributions10/11€1.1m€1.1m€1.1m€1.1m€1.1m=
Capital10-€1.1m€1.1m€1.1m€1.1m=
Issued capital100-€1.1m€1.1m€1.1m€1.1m=
Reserves13€4.9m€7.4m€10.1m€9.8m€7.5m▼ 23.6%
Non-distributable reserves130/1-€111,552€111,552€111,552€111,552=
Legal reserve130-€111,552€111,552€111,552€111,552=
Tax-exempt reserves132-€1.3m€685,570€229,819€48,789▼ 78.8%
Distributable reserves133-€6.0m€9.3m€9.5m€7.4m▼ 22.6%
Provisions and deferred taxes16€3.5m€206,277----
Deferred taxes168-€206,277----
Amounts payable17/49€3.8m€8.2m€6.1m€19.5m€11.4m▼ 41.7%
Amounts payable after more than one year17€2.3m€1.2m-€1.5m€1.5m=
Financial debts170/4-€1.2m----
Leasing and similar obligations172-€1.2m----
Other amounts payable178/9---€1.5m€1.5m=
Amounts payable within one year42/48€1.5m€7.0m€6.1m€18.0m€9.7m▼ 45.9%
Current portion of amounts payable after more than one year42-€165,418----
Financial debts43-€365,000€1.0m€5.0m€5.0m=
Credit institutions430/8--€1.0m€5.0m€5.0m=
Other loans439-€365,000----
Trade debts44€699,980€4.2m€3.0m€10.5m€4.4m▼ 58.4%
Suppliers440/4-€4.2m€3.0m€10.5m€4.4m▼ 58.4%
Taxes, remuneration and social security45-€295,540€189,769€680,006€382,315▼ 43.8%
Taxes450/3-€108,488€14,168€483,484€208,333▼ 56.9%
Remuneration and social security454/9-€187,051€175,601€196,523€173,982▼ 11.5%
Other amounts payable47/48-€2.1m€1.9m€1.9m€0▼ 100%
Accrued charges and deferred income492/3-€2,281-€31,952€151,073▲ 373%
Line20212022202320242025Change
Profit (loss) for the period9904€853,455€2.5m€2.7m€1.6m-€2.3m▼ 248%
+ Depreciation and write-downs630€341,022€282,709€17,268€42,364€123,523▲ 192%
Operating cash flow (approximation)€1.2m€2.8m€2.7m€1.6m-€2.2m▼ 236%
Investment in fixed assets (approximation)--€21,992€1.8m-€4,595-€186,965▼ 3,969%
Change in cash--€4.0m€472,753-€487,462-€162,702▲ 66.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial Weakest financial yearnet -€2.3m
Net result drops to -€2.3m, the lowest in the series.
13-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema
13-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 347 days late
2023
31-08
Financial Highest result since 2019net €2.7m ▲8.1%
Operating result €3.7m, net result €2.7m, both a record.
31-08
Financial Equity above €10mEq €11.2m ▲32%
5 profitable years in a row build equity to €11.2m.
23-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
09-03
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
Financial Liquidity doublescurrent ratio 7.23
Current ratio from 3.21 to 7.23; short-term debt falls from €3.3m to €1.5m.
24-02
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
Financial Equity above €5mEq €5.2m ▲14.9%
2 profitable years in a row build equity to €5.2m.
04-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
04-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 4 days late
2018
09-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 81 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts

We know of 16 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
16 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, Kortenberg · 1 establishment unit since 1980
seat establishment The establishment unit on the map
Ground area
1.9 ha
Building footprint
9,817 m²
Parcel 24055A0024/00G003, Flanders. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
LUDO N.V.
Karel Van Miertstraat 7, 3070 KortenbergNACE 3161005
since 19802.018.236.240
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24055A0024/00G003 Flanders 1.9 ha 1 · 9,817 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. CYCLING GURU'S 100%
  2. LUDO

Highest known parent: CYCLING GURU'S. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the annual accounts to 31-08-2022 of LUDO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 7 entries · 42,457 EUR awarded · 17,457 EUR paid
Year Entries awardedpaid
2025 3 7,500 EUR7,500 EUR
2023 2 27,017 EUR2,017 EUR
2022 2 7,940 EUR7,940 EUR
Schemes
3 entries · 25,000 EUR · Fonds voor Innoveren en Ondernemen
2 entries · 15,000 EUR · 15,000 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · 2,457 EUR · 2,457 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 207 companies in sector 46495 we hold annual accounts for 108. 28 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
30920Manufacture of other transport equipment
46495Wholesale trade
30910Manufacture of other transport equipment
46496Wholesale trade
46730Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0400734318
Also 9925:BE0400734318
Registered 06-01-2026

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.