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LUDWIG

Active
Private limited companyfounded 2010active for 16 yearsMolenbergstraat 20, 3272 Scherpenheuvel-Zichem, BelgiumKBO/BCE: BE 0822.162.102

From the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

LUDWIG has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,936 and a net result of -€8,493. Equity has been shrinking by about 10% per year since 2018. Its solvency ranks better than 17% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Official details

KBO
Status
Active since 06-01-2010 Normal situation
Legal form
Private limited company
Registered office
Molenbergstraat 20, 3272 Scherpenheuvel-Zichem
Activity
Plumbing work NACE 43221and 4 others
Establishment unit
2.184.424.063 3272 Scherpenheuvel-Zichem, since 26-01-2010
Financial year end
31 December
Peppol
Reachable since 11-04-2025

Board and ownership

Board

Financial position

63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Annual accounts 2025
Gross margin
-€5,921
▼ 120%
Loss
€8,493
▲ 33.9%
Equity
€22,936
▼ 27.0%
Total assets
€159,098
▲ 7.3%
Turnover not published (micro format)2025 accounts filed 28 days after the deadline
Filed on 28-08-2026at the National Bank
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.16, cash €467, halvedlowers riskFounded in 2010Size: total assets €159,098Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 12% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 39-7
equity 14.4% of total assets
Liquidity 3-5
short-term debt 85.6% · cash 0.3%
Profitability 12-1
return on assets -5.3%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.6%▼ -0.1 percentage points vs 03-2025 05-2025: 1.5%▼ -0.1 percentage points vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.6%▲ +0.1 percentage points vs 06-2025 08-2025: 2.1%▲ +0.5 percentage points vs 07-2025 09-2025: 2.3%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 1.2%▼ -1.1 percentage points vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.1%▼ -0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026lowest value 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.7%▲ +0.6 percentage points vs 07-2026 09-2026: 1.1%▼ -0.6 percentage points vs 08-2026 10-2026: 1.1%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.16 (1.25 in 2024), below the usual 1.5. Short-term debt is 85.6% and cash 0.3% of total assets. 85.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 17% of them on solvency, 3% on liquidity, 12% on profitability and 15% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2010
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €159,098
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.16, cash €467, halved
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,493
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 17%
← weakest strongest →
raises risk · 2025 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
28 days late
2023
30 days late
2022
61 days late
2021
30 days late
2020
31 days late
2019
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 40 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€8,493 View
  • Caution: Lower net result than 87% of companies in specialised constructionsector median €10,227 · 34,889 companies -€8,493 View

Documents

Annual accounts at the NBB

All 16 annual accounts

Articles and registers

Key facts about LUDWIG

What is the company number of LUDWIG?
The company number of LUDWIG is 0822.162.102. The VAT number is the same number with BE in front: BE 0822.162.102.
Where is LUDWIG based?
The registered office is at Molenbergstraat 20, 3272 Scherpenheuvel-Zichem.Company details
What does LUDWIG do?
According to the KBO register, the main activity is plumbing work (NACE 43221).
What is the legal form of LUDWIG?
The legal form of LUDWIG is Private limited company (BV).
When was LUDWIG founded?
LUDWIG was founded on 06-01-2010.
Is LUDWIG still active?
Yes, LUDWIG is an active enterprise in the KBO register.
What is the turnover of LUDWIG?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is LUDWIG profitable?
In financial year 2025, LUDWIG made a loss of €8,493.
Where can I find the annual accounts of LUDWIG?
LUDWIG filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of LUDWIG due?
LUDWIG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as LUDWIG: plumbing work (NACE 43221). They are comparable in size and age: total assets between €129,000 and €186,000, founded between 2007 and 2014.

CompanyTotal assetsGross margin
LUDWIG Scherpenheuvel-Zichem€159,098-€5,921
CHAUFSANIT Anderlecht€161,127-€15,135
ALBUTECH Geel€154,319€272
LIEVEN MERVEILLIE Ieper€139,002-€9,654
BELDERBOS CV & SANITAIR BV Aartselaar€186,327-€8,850
Sani VG Quality Dilbeek€161,323-€38,911
PLANCKE - VAN GELDEREN - BRAEKEVELD Ardooie€128,583-€7,812
Full comparison

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