LUFA Consult
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 6 filings
Turnover
€0▼ 100%
2021 · €61,115
EBIT margin
35.7%▲ 43.3pp
2020 · -7.6%
Net result
-€4,275▲ 4.5%
2024 · -€4,476
Working capital
-€2,516
2022 · €17,739
Multi-year overview
2020 to 2025, 6 financial yearsTurnover
no figure
2025
20202025
Operating result
-€4,275
▲ 4.5%
2025
20202025
Net result
-€4,275
▲ 4.5%
2025
lowest quarter of the sector
20202025
EBIT margin
no figure
2025
20202025
Equity
€1,484
▼ 74.2%
2025
lowest quarter of the sector
20202025
Total assets
€5,020
▼ 37.3%
2025
lowest quarter of the sector
20202025
Debt
€3,536
▲ 57.8%
2025
20202025
Working capital
-€2,516
2025
lowest quarter of the sector
20202025
Solvency
29.6%
▼ 42.4pp
2025
middle half of the sector
20202025
Current ratio
0.29
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-85.2%
▼ 29.2pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€24,356-€61,115▲ 151%€0▼ 100%
Operating result-€1,841-€21,846-€1,050-€4,668▼ 345%-€4,476▲ 4.1%-€4,275▲ 4.5%
Net result-€1,841below the sector's middle half-€21,846within the sector's middle half-€5,351below the sector's middle half-€4,668below the sector's middle half▲ 12.8%-€4,476below the sector's middle half▲ 4.1%-€4,275below the sector's middle half▲ 4.5%
EBIT margin-7.6%-35.7%▲ 43.3pp
Equity-€1,591below the sector's middle half-€20,255below the sector's middle half€14,904below the sector's middle half▼ 26.4%€10,236below the sector's middle half▼ 31.3%€5,760below the sector's middle half▼ 43.7%€1,484below the sector's middle half▼ 74.2%
Total assets€12,402below the sector's middle half-€36,348below the sector's middle half▲ 193%€35,842below the sector's middle half▼ 1.4%€12,000below the sector's middle half▼ 66.5%€8,000below the sector's middle half▼ 33.3%€5,020below the sector's middle half▼ 37.3%
Debt€13,993-€16,093▲ 15.0%€20,938▲ 30.1%€1,764▼ 91.6%€2,240▲ 27.0%€3,536▲ 57.8%
Working capital€1,244within the sector's middle half-€23,090within the sector's middle half▲ 19×€17,739within the sector's middle half▼ 23.2%-€2,516below the sector's middle half
Solvency-12.8%below the sector's middle half-55.7%within the sector's middle half▲ 68.6pp41.6%within the sector's middle half▼ 14.1pp85.3%above the sector's middle half▲ 43.7pp72.0%within the sector's middle half▼ 13.3pp29.6%within the sector's middle half▼ 42.4pp
Current ratio1.11within the sector's middle half-2.74within the sector's middle half▲ 1.631.98within the sector's middle half▼ 0.760.29below the sector's middle half
Return on assets (ROA)-14.8%below the sector's middle half-60.1%above the sector's middle half▲ 74.9pp-14.9%below the sector's middle half▼ 75.0pp-38.9%below the sector's middle half▼ 24.0pp-56.0%below the sector's middle half▼ 17.1pp-85.2%below the sector's middle half▼ 29.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €4,275, smaller than the loss of €4,476 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,020
Fixed assets
€4,000
Current assets
€1,020
Equity and liabilities €5,020
Equity
€1,484 ▼ 74.2%
Debt
€3,536 ▲ 57.8%
Debt's share of the balance-sheet total rises from 28.0% to 70.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€275▲
2024 · -€476
Cash flow
-€275▲
2024 · -€476
Debt to equity
2.38▲
2024 · 0.39
ROE
-288.0%▼
2024 · -77.7%
Debt ≤ 1 year
€3,536▲
2024 · €2,240
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | €16,000 | - | - |
| Depreciation and write-downs of the year | - | - | €4,000 | €4,000 | €4,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €24,356 | €61,115 | €0 | - | - | - | - |
| Non-recurring operating income76A | - | €61,115 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €35,837 | €702 | €668 | €476 | - | - |
| Remuneration, social security and pensions62 | - | €3,043 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €4,000 | €4,000 | €4,000 | = |
| Other operating charges640/8 | - | €389 | €348 | - | - | €465 | - |
| Gross operating margin9900 | €2,088 | €25,278 | -€702 | -€668 | -€476 | €190 | - |
| Operating profit (loss)9901 | -€1,841 | €21,846 | -€1,050 | -€4,668 | -€4,476 | -€4,275 | ▲ 4.5% |
| Financial charges65/66B | - | - | €30 | - | - | - | - |
| Recurring financial charges65 | - | - | €30 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,841 | €21,846 | -€1,080 | -€4,668 | -€4,476 | -€4,275 | ▲ 4.5% |
| Income taxes67/77 | - | - | €4,271 | - | - | - | - |
| Profit (loss) for the period9904 | -€1,841 | €21,846 | -€5,351 | -€4,668 | -€4,476 | -€4,275 | ▲ 4.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,841 | €21,846 | -€5,351 | -€4,668 | -€4,476 | -€4,275 | ▲ 4.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €12,402 | €36,348 | €35,842 | €12,000 | €8,000 | €5,020 | ▼ 37.3% |
| Formation expenses20 | - | - | €0 | - | - | - | - |
| Fixed assets21/28 | - | - | €0 | €12,000 | €8,000 | €4,000 | ▼ 50.0% |
| Intangible fixed assets21 | - | - | €0 | €12,000 | €8,000 | €4,000 | ▼ 50.0% |
| Current assets29/58 | €12,402 | €36,348 | €35,842 | - | - | €1,020 | - |
| Amounts receivable within one year40/41 | €10,096 | €36,227 | €35,842 | - | - | €1,020 | - |
| Trade receivables40 | - | €0 | - | - | - | €1,020 | - |
| Other amounts receivable41 | - | €36,227 | €35,842 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,306 | €121 | - | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €12,402 | €36,348 | €35,842 | €12,000 | €8,000 | €5,020 | ▼ 37.3% |
| Equity10/15 | -€1,591 | €20,255 | €14,904 | €10,236 | €5,760 | €1,484 | ▼ 74.2% |
| Contributions10/11 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Profit (loss) carried forward14 | -€1,841 | €20,005 | €14,654 | €9,986 | €5,510 | €1,234 | ▼ 77.6% |
| Amounts payable17/49 | €13,993 | €16,093 | €20,938 | €1,764 | €2,240 | €3,536 | ▲ 57.8% |
| Amounts payable within one year42/48 | €11,158 | €13,258 | €18,103 | €1,764 | €2,240 | €3,536 | ▲ 57.8% |
| Trade debts44 | €121 | €1,238 | €6,476 | - | - | €30 | - |
| Suppliers440/4 | - | €1,238 | €6,476 | - | - | €30 | - |
| Taxes, remuneration and social security45 | - | €12,020 | €11,627 | - | - | - | - |
| Taxes450/3 | - | €12,020 | €11,627 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,764 | €2,240 | €3,506 | ▲ 56.5% |
| Accrued charges and deferred income492/3 | - | €2,835 | €2,835 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,841 | €21,846 | -€5,351 | -€4,668 | -€4,476 | -€4,275 | ▲ 4.5% |
| + Depreciation and write-downs630 | - | - | - | €4,000 | €4,000 | €4,000 | = |
| Operating cash flow (approximation) | -€1,841 | €21,846 | -€5,351 | -€668 | -€476 | -€275 | ▲ 42.1% |
| Investment in fixed assets (approximation) | - | - | - | -€16,000 | €0 | €0 | - |
| Change in cash | - | -€2,185 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,133 companies had the same profile as LUFA Consult has now. Two years later, 86.4% were still going and 6.4% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
86.4%
was still going
6.6%
stopped otherwise
6.4%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LUFA Consult itself is lower: 0.4% within 12 months. It rests on far more data about LUFA Consult than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,133 companies, not a prediction for LUFA Consult. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-04-2026 | 2026-00097384 | |
| 31-12-2024 | micro format | 09-06-2025 | 2025-00125786 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00273096 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00175495 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20443815 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26800163 |