Summary
LUGOE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €739k and a net result of €43k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 5527 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
2 d early
2023
2 d early
2022
4 d early
2021
40 d early
2020
38 d early
2019
on the day
← 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, abbreviated schema
Equity
€739k▲ 5.9%
2024 · €698k
2018: €403k
2019: €415k
2020: €481k
2021: €545k
2022: €630k
2023: €668k
2024: €698k
2018 → 2025
Net result
€43k▲ 35.5%
2024 · €32k
2018: €-4k
2019: €13k
2020: €68k
2021: €70k
2022: €92k
2023: €40k
2024: €32k
2018 → 2025
Total assets
€2.82M▼ 3.5%
2024 · €2.93M
2018: €2.00M
2019: €2.64M
2020: €2.19M
2021: €3.03M
2022: €2.88M
2023: €3.93M
2024: €2.93M
2018 → 2025
Solvency
26.2%▲ 2.3pp
2024 · 23.9%
2018: 20.2%
2019: 15.7%
2020: 22.0%
2021: 18.0%
2022: 21.9%
2023: 17.0%
2024: 23.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€545k-€630k▲ 15.8%€668k▲ 6.0%€698k▲ 4.5%€739k▲ 5.9%
Operating result€125k-€172k▲ 37.5%€147k▼ 14.4%€159k▲ 8.0%€135k▼ 15.2%
Net result€70k-€92k▲ 31.6%€40k▼ 57.1%€32k▼ 20.4%€43k▲ 35.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.82M
Fixed assets
€1.39M ▼ 5.2%
Current assets
€1.43M ▼ 1.8%
Equity and liabilities €2.82M
Equity
€739k ▲ 5.9%
Debt
€2.08M ▼ 6.4%
Debt's share of the balance-sheet total falls from 76.1% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.8%▲
2024 · 4.5%
ROA
1.5%▲
2024 · 1.1%
Debt ≤ 1 year
€1.39M▼
2024 · €1.44M
Debt > 1 year
€696k▼
2024 · €791k
Income taxes
€24k▲
2024 · €14k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.93M€2.82M▼
Fixed assets21/28€1.47M€1.39M▼
Tangible fixed assets22/27€1.47M€1.39M▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€61k€37k▼
Other tangible fixed assets26€1.40M€1.35M▼
Current assets29/58€1.46M€1.43M▼
Stocks and contracts in progress3€430k€0▼
Stocks30/36€430k€0▼
Amounts receivable within one year40/41€603k€1.14M▲
Trade receivables40€156k€290k▲
Other amounts receivable41€447k€853k▲
Cash at bank and in hand54/58€426k€289k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.93M€2.82M▼
Equity10/15€698k€739k▲
Contributions10/11€19k€19k=
Reserves13€680k€721k▲
Distributable reserves133€680k€721k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€2.23M€2.08M▼
Amounts payable after more than one year17€791k€696k▼
Financial debts170/4€791k€696k▼
Amounts payable within one year42/48€1.44M€1.39M▼
Current portion of amounts payable after more than one year42€94k€95k▲
Financial debts43€90k€0▼
Credit institutions430/8€90k€0▼
Trade debts44€11k€2k▼
Suppliers440/4€11k€2k▼
Taxes, remuneration and social security45€29k€34k▲
Taxes450/3€27k€32k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€1.21M€1.26M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€76k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€234k€213k▼
Operating profit (loss)9901€159k€135k▼
Financial income75/76B€6k€38▼
Recurring financial income75€6k€38▼
Financial charges65/66B€119k€68k▼
Recurring financial charges65€119k€68k▼
Profit (loss) for the period before taxes9903€45k€67k▲
Income taxes67/77€14k€24k▲
Profit (loss) for the period9904€32k€43k▲
Profit (loss) for the period to be appropriated9905€32k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€43k▲
Transfer from equity791/2-€2k
Transfer to equity691/2€30k€43k▲
To other reserves6921€30k€43k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (15 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €92k ▲31.6%
Operating result €172k, net result €92k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €545k ▲13.2%
3 profitable years in a row build equity to €545k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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
Registered office, Kruisem · 1 establishment unit since 2009
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.
Lindeknokstraat (Nok) 39771 KruisemGround area
5,114 m²
Building footprint
563 m²
Volume, LiDAR
2,596 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUGOE
since 20092.176.028.813
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45031A0091/00E000 | Flanders | 3,556 m² | 1 · 411 m² | 7.1 m · 1 fl. |
| 45017B0912/00M000 | Flanders | 1,558 m² | 1 · 152 m² | 8.2 m · 2 fl. |
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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,255 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
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.