LUEL
Open bankruptcyA bankruptcy procedure is open for LUEL according to publications in the Belgian State Gazette; curator: ALEXANDRE SAUSSEZ. The 2022 annual accounts show equity of €88k and a net result of €32k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, full schema
Turnover
€1.34M▼ 66.3%
2021 · €3.97M
2020: €1.08M
2021: €3.97M
2020 → 2022
EBIT margin
2.0%▲ 1.6pp
2021 · 0.4%
2020: 1.2%
2021: 0.4%
2020 → 2022
Net result
€32k▲ 139%
2021 · €14k
2019: €44k
2020: €12k
2021: €14k
2019 → 2022
Working capital
€87k▲ 58.9%
2021 · €55k
2019: €28k
2020: €71k
2021: €55k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€1.08M€3.97M▲ 268%€1.34M▼ 66.3%
Equity€29k-€42k▲ 42.8%€55k▲ 32.7%€88k▲ 58.8%
Operating result€50k-€13k▼ 73.8%€16k▲ 25.2%€26k▲ 61.7%
Net result€44k-€12k▼ 71.8%€14k▲ 9.1%€32k▲ 139%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 62% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.77M
Fixed assets
€133=
Current assets
€1.77M▲ 281%
Equity and liabilities €1.77M
Equity
€88k▲ 58.8%
Debt
€1.68M▲ 311%
The debt ratio rises from 88.1% to 95.1%. Equity and debt are higher.
Key figures and ratios
Solvency
4.9%▼
2021 · 11.9%
Current ratio
1.05▼
2021 · 1.13
Quick ratio
1.05▼
2021 · 1.13
Debt / equity
19.25▲
2021 · 7.44
ROE
37.0%▲
2021 · 24.6%
ROA
1.8%▼
2021 · 2.9%
Debt
€1.68M▲
2021 · €410k
Debt ≤ 1 year
€1.68M▲
2021 · €410k
Income taxes
€8k
Staff costs
€39k▲
2021 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€465k€1.77M▲
Fixed assets21/28€133€133=
Tangible fixed assets22/27€133€133=
Furniture and vehicles24€133€133=
Current assets29/58€465k€1.77M▲
Amounts receivable within one year40/41€215k€1.30M▲
Trade receivables40€8k€924k▲
Other amounts receivable41€208k€375k▲
Cash at bank and in hand54/58€249k€473k▲
Equity and liabilities
Total equity and liabilities10/49€465k€1.77M▲
Equity10/15€55k€88k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€43k€76k▲
Amounts payable17/49€410k€1.68M▲
Amounts payable within one year42/48€410k€1.68M▲
Trade debts44€392k€1.66M▲
Suppliers440/4€392k€1.66M▲
Taxes, remuneration and social security45€18k€29k▲
Taxes450/3€6k€15k▲
Remuneration and social security454/9€12k€14k▲
Income statement
Code20212022
Turnover70€3.97M€1.34M▼
Goods, raw materials, services and sundry goods60/61€3.92M€1.27M▼
Remuneration, social security and pensions62€32k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€530-
Other operating charges640/8€967€95▼
Gross operating margin9900€50k€66k▲
Operating profit (loss)9901€16k€26k▲
Financial income75/76B€0€17k▲
Recurring financial income75€0€17k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€14k€40k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€14k€32k▲
Profit (loss) for the period to be appropriated9905€14k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€76k▲
Profit (loss) brought forward from the previous period14P€30k€43k▲
Social balance
Average headcount (FTE)90871.51.5=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL LUEL AVENUE LOUISE 347/6, 1050 IXELLES · event 27-10-2025
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 798 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1129 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1320 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 340 days late
2020
31-12
Financial
Weakest financial yearnet €12k ▼71.8%
Net result drops to €12k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
1 establishment unit since 2018
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.
Ground area
707 m²
Building footprint
263 m²
Volume, LiDAR
8,774 m³
Parcel 21807G0215/00R000, Brussels · tallest building 38.1 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
LUEL
since 20182.281.898.076
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0215/00R000 ProtectedMonumentTweede zetel van de Gestapo |
Brussels | 707 m² | 1 · 263 m² | 38.1 m · 12 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEXANDRE SAUSSEZ LEUVENSESTEENWEG 369,
1932 SINT-STEVENS-WOLUWE |
27-10-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-11-2018
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.