Ludwig Rent
ActiveSummary
Ludwig Rent has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €463k and a net result of €68k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+15
Solvency56▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.15 in 2024; short-term debt: 68.6% and cash: 1% of total assets), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
31.3%
Return on assets
4.6%
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 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
42 d early
2023
30 d late
2022
32 d late
2021
31 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€463k▲ 7.6%
2024 · €430k
2021: €285k
2022: €313k
2023: €311k
2024: €430k
2021 → 2025
Total assets
€1.48M▲ 3.0%
2024 · €1.44M
2021: €1.40M
2022: €1.44M
2023: €1.43M
2024: €1.44M
2021 → 2025
Net result
€68k▼ 43.6%
2024 · €120k
2021: €37k
2022: €30k
2023: €15k
2024: €120k
2021 → 2025
Working capital
€-812k▲ 3.8%
2024 · €-845k
2021: €-583k
2022: €-985k
2023: €-986k
2024: €-845k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€285k-€313k▲ 10.1%€311k▼ 0.7%€430k▲ 38.2%€463k▲ 7.6%
Operating result€74k-€59k▼ 20.4%€46k▼ 22.9%€66k▲ 45.0%€120k▲ 80.9%
Net result€37k-€30k▼ 19.0%€15k▼ 50.0%€120k▲ 695%€68k▼ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€1.28M ▼ 0.4%
Current assets
€202k ▲ 31.0%
Equity and liabilities €1.48M
Equity
€463k ▲ 7.6%
Debt
€1.02M ▲ 1.0%
Debt's share of the balance-sheet total falls from 70.1% to 68.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €73k
Cash flow
€72k▼
2024 · €127k
Current ratio
0.20▲
2024 · 0.15
Debt to equity
2.20▼
2024 · 2.34
ROE
14.7%▼
2024 · 28.0%
ROA
4.6%▼
2024 · 8.4%
Interest coverage
5.37▲
2024 · 2.94
Debt ≤ 1 year
€1.01M▲
2024 · €999k
Debt > 1 year
€0▼
2024 · €5k
Income taxes
€29k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.44M€1.48M▲
Fixed assets21/28€1.28M€1.28M▼
Tangible fixed assets22/27€8k€3k▼
Furniture and vehicles24€8k€3k▼
Financial fixed assets28€1.27M€1.27M=
Current assets29/58€154k€202k▲
Amounts receivable within one year40/41€93k€181k▲
Trade receivables40€52k€141k▲
Other amounts receivable41€41k€40k▼
Cash at bank and in hand54/58€61k€14k▼
Deferred charges and accrued income490/1€640€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.48M▲
Equity10/15€430k€463k▲
Contributions10/11€159k€159k=
Reserves13€238k€271k▲
Distributable reserves133€238k€271k▲
Profit (loss) carried forward14€33k€33k=
Amounts payable17/49€1.01M€1.02M▲
Amounts payable after more than one year17€5k€0▼
Financial debts170/4€5k€0▼
Amounts payable within one year42/48€999k€1.01M▲
Current portion of amounts payable after more than one year42€12k€0▼
Trade debts44€15k€22k▲
Suppliers440/4€15k€22k▲
Taxes, remuneration and social security45€13k€18k▲
Taxes450/3€13k€18k▲
Other amounts payable47/48€958k€974k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Non-recurring operating income76A€7k€79▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€188€1k▲
Gross operating margin9900€75k€127k▲
Operating profit (loss)9901€66k€120k▲
Financial income75/76B€100k€0▼
Recurring financial income75€100k€0▼
Financial charges65/66B€25k€23k▼
Recurring financial charges65€25k€23k▼
Profit (loss) for the period before taxes9903€142k€97k▼
Income taxes67/77€21k€29k▲
Profit (loss) for the period9904€120k€68k▼
Profit (loss) for the period to be appropriated9905€120k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€100k▼
Profit (loss) brought forward from the previous period14P€34k€33k▼
Transfer from equity791/2€0€35k▲
Transfer to equity691/2€120k€68k▼
To other reserves6921€120k€68k▼
Profit to be distributed694/7€2k€35k▲
Return on contributions (dividend)694€2k€35k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €120k ▲695%
Net result €120k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €15k ▼50%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 2 establishment units since 2008
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.
Vliegtuiglaan 59000 GentGround area
3.2 ha
Building footprint
1.5 ha
Volume, LiDAR
126,060 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LUDWIG RENT
since 20082.209.355.835
Mithremstraat 12, 9940 Evergem
since 20202.304.468.788
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44812P0639/00P018 | Flanders | 3.2 ha | 1 · 1.5 ha | 10.6 m · 3 fl. |
| 44066D2467/00H000 | Flanders | 756 m² | 1 · 157 m² | 4.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 277 EUR awarded · 727 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 277 EUR | 727 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 12,279 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.