LUDWIG STEVENS
ActiveSummary
LUDWIG STEVENS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €94k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 33% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency56▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.49 in 2024; short-term debt: 62.6% and cash: 45.8% of total assets), and 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
31.4%
Return on assets
52.8%
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 21-12-2025, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
149 d early
2023
85 d early
2022
89 d early
2021
87 d early
2020
80 d early
2019
94 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 0.5%
2024 · €56k
2018: €28k
2019: €56k
2020: €57k
2021: €57k
2022: €57k
2023: €57k
2024: €56k
2018 → 2025
Total assets
€177k▲ 1.3%
2024 · €175k
2018: €203k
2019: €230k
2020: €160k
2021: €149k
2022: €191k
2023: €170k
2024: €175k
2018 → 2025
Net result
€94k▲ 15.4%
2024 · €81k
2018: €8k
2019: €28k
2020: €20k
2021: €45k
2022: €70k
2023: €72k
2024: €81k
2018 → 2025
Working capital
€-5k
2024 · €52k
2018: €22k
2019: €33k
2020: €10k
2021: €40k
2022: €61k
2023: €63k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€57k▼ 0.4%€57k▲ 0.7%€56k▼ 2.3%€56k▼ 0.5%
Operating result€57k-€88k▲ 54.8%€92k▲ 3.7%€103k▲ 12.3%€118k▲ 15.2%
Net result€45k-€70k▲ 56.3%€72k▲ 3.8%€81k▲ 12.2%€94k▲ 15.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€71k ▲ 374%
Current assets
€106k ▼ 33.6%
Equity and liabilities €177k
Equity
€56k ▼ 0.5%
Debt
€122k ▲ 2.2%
Debt's share of the balance-sheet total rises from 68.0% to 68.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€122k▲
2024 · €104k
Cash flow
€97k▲
2024 · €82k
Current ratio
0.96▼
2024 · 1.49
Quick ratio
0.96▼
2024 · 1.46
Debt to equity
2.18▲
2024 · 2.12
ROE
168.0%▲
2024 · 144.8%
ROA
52.8%▲
2024 · 46.4%
Interest coverage
537.25▲
2024 · 494.15
Debt ≤ 1 year
€111k▲
2024 · €108k
Debt > 1 year
€10k▼
2024 · €11k
Income taxes
€25k▲
2024 · €22k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€175k€177k▲
Fixed assets21/28€15k€71k▲
Tangible fixed assets22/27€15k€71k▲
Furniture and vehicles24€15k€71k▲
Financial fixed assets28€30€30=
Current assets29/58€160k€106k▼
Stocks and contracts in progress3€3k€220▼
Stocks30/36€3k€220▼
Amounts receivable within one year40/41€16k€23k▲
Trade receivables40€16k€20k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€139k€81k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€175k€177k▲
Equity10/15€56k€56k▼
Contributions10/11€19k€19k=
Reserves13€37k€37k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€626€336▼
Amounts payable17/49€119k€122k▲
Amounts payable after more than one year17€11k€10k▼
Financial debts170/4€11k€10k▼
Amounts payable within one year42/48€108k€111k▲
Current portion of amounts payable after more than one year42€8k€6k▼
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€8k€4k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€83k€94k▲
Accrued charges and deferred income492/3-€563
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€105k€124k▲
Operating profit (loss)9901€103k€118k▲
Financial income75/76B€628€1k▲
Recurring financial income75€628€1k▲
Financial charges65/66B€210€227▲
Recurring financial charges65€210€227▲
Profit (loss) for the period before taxes9903€103k€119k▲
Income taxes67/77€22k€25k▲
Profit (loss) for the period9904€81k€94k▲
Profit (loss) for the period to be appropriated9905€81k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€94k▲
Profit (loss) brought forward from the previous period14P€2k€626▼
Profit to be distributed694/7€83k€94k▲
Return on contributions (dividend)694€83k€94k▲
The notes to these accounts (9 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
2025
21-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2018net €94k ▲15.4%
Operating result €118k, net result €94k, both a record.
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-02
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.
Directors · office · real estate
Directors
3 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, Brasschaat · 1 establishment unit since 2014
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.
Oude Bergstraat 232930 BrasschaatGround area
598 m²
Building footprint
133 m²
Volume, LiDAR
720 m³
Parcel 11323F0238/00N003, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUDWIG STEVENS
since 20142.233.209.917
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0238/00N003 | Flanders | 598 m² | 1 · 133 m² | 9.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 119 EUR awarded · 119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 45 EUR | 119 EUR |
| 2023 | 1 | 74 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
CSJ CONSULTING
BE 0508.987.110
Florenville · Eq €55,817
ISO HI-T
BE 0807.757.602
Antwerpen · Eq €55,850
MAX PAVAGE
BE 0768.257.519
Welkenraedt · Eq €55,949
Dsproject
BE 0790.129.336
Grimbergen · Eq €55,639
OOSTERS DECO
BE 0827.399.805
Enghien · Eq €55,636
Of 7,293 companies in sector 43350 we hold annual accounts for 2,363. 2,003 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
Founded31-07-2014
Fiscal year end30-09
Activities, NACEBEL 2025
43350Other building finishing work
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:03/653.34.23