LUFA
ActiveSummary
LUFA has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€880,361) and a net result of -€723,987. Equity is shrinking by about 278% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.5% (low).
Overview
- Equity
- -€880,361
- Loss
- -€723,987
- Holdings
- 1
- DE LAERE Fabienne GeorgetteDirector
- DE LAERE Luc FrankDirector
Why 52raises riskCapped at 59: negative equityLiquidity: current ratio 0.03, cash €86, halvedLoss of €723,987, the second in a row (financial year 2025)lowers riskSize: total assets €2.4mFounded in 2022Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 1% on solvency, 1% on liquidity, 1% on profitability and 1% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€723,987
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00438541.
2023 to 2025, 3 financial years
The operating result stays negative: a loss of €599,630 in 2025 against €146,452 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €732 | €387 | €128 | ▼ 67.0% |
| Non-recurring operating charges66A | - | - | €10,889 | - |
| Gross operating margin9900 | -€19,096 | -€146,065 | -€588,613 | ▼ 303% |
| Operating profit (loss)9901 | -€19,828 | -€146,452 | -€599,630 | ▼ 309% |
| Financial charges65/66B | €51 | €44 | €124,357 | ▲ 2,859× |
| Recurring financial charges65 | €51 | €44 | €124,357 | ▲ 2,859× |
| Profit (loss) for the period before taxes9903 | -€19,879 | -€146,496 | -€723,987 | ▼ 394% |
| Profit (loss) for the period9904 | -€19,879 | -€146,496 | -€723,987 | ▼ 394% |
| Profit (loss) for the period to be appropriated9905 | -€19,879 | -€146,496 | -€723,987 | ▼ 394% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.3m | €2.3m | €2.4m | ▲ 3.8% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.3m | = |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €0.004m | €0.01m | €0.1m | ▲ 900% |
| Amounts receivable within one year40/41 | - | - | €0.1m | - |
| Other amounts receivable41 | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.004m | €0.01m | €86 | ▼ 99.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.4m | ▲ 3.8% |
| Equity10/15 | -€0.01m | -€0.2m | -€0.9m | ▼ 463% |
| Contributions10/11 | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.2m | -€0.9m | ▼ 435% |
| Amounts payable17/49 | €2.3m | €2.5m | €3.3m | ▲ 32.6% |
| Amounts payable within one year42/48 | €2.3m | €2.5m | €3.3m | ▲ 32.6% |
| Trade debts44 | €132 | €0.02m | €0 | ▼ 100% |
| Suppliers440/4 | €132 | €0.02m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €0.02m | - |
| Taxes450/3 | - | - | €0.02m | - |
| Other amounts payable47/48 | €2.3m | €2.5m | €3.3m | ▲ 32.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,879 | -€146,496 | -€723,987 | ▼ 394% |
| Operating cash flow (approximation) | -€19,879 | -€146,496 | -€723,987 | ▼ 394% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €5,860 | -€9,927 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00438541 |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00399592 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00386000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DE LAERE Fabienne Georgette |
|
| DE LAERE Luc Frank |
|
Owners and capital
Capital and shareholders
- DE LAERE Luc Frank 500 shares (50%) · €5,000
- DE LAERE Fabienne Georgette 500 shares (50%) · €5,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-12-2022 Incorporation · €10,000 · 1,000 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
44%
According to the 2025 annual accounts of LUFA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
21-12
Gazette deed
IncorporationAppointments: DE LAERE Luc Frank (director) and DE LAERE Fabienne Georgette (director) · Registered office clause · Pre-incorporation commitments10 facts ▸
- Registered office clause, “8210 Zedelgem,Ruddervoordsestraat 90” (deed in Dutch)
- Director appointment, DE LAERE Luc Frank (director (not named in the articles))
- Director appointment, DE LAERE Fabienne Georgette (director (not named in the articles))
- Other provision, “beroepsverbod” (deed in Dutch) (2 times)
- Pre-incorporation commitments, “takeover, rechten en verbintenissen (activiteiten,aankopen en verkopen,investeringen,beslissingen ed)” (deed in Dutch)
- Incorporation, “LUFA” (deed in Dutch)
- Founder, DE LAERE Luc Frank
- Founder, DE LAERE Fabienne Georgette
- Founding capital, €10,000
- Capital
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31036G0204/00L003 | Flanders | 1,323 m² | 1 · 260 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LUFA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan in bijlage Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, wegens wettige reden” (deed in Dutch)“Wet of statuten aan algemene vergadering voorbehouden, jegens derden en in rechte als eiser of verweerder” (deed in Dutch)2 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 12:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereisten statutenwijziging, algemene vergadering” (deed in Dutch)“Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 2:80 WVV, bestuurders in functie op ontbinding van rechtswege vereffenaars jegens derden” (deed in Dutch)