Luigi's
ActiveSummary
The computed 12-month bankruptcy probability of Luigi's is 5.2% (elevated). The 2025 annual accounts show equity of €2k and a net result of €-652. Equity is shrinking by ~104.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 30% of 13305 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+48
Solvency32▲+1
Growth32=
Track record94
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.79 against 0.84 in 2024; short-term debt: 78.2% and cash: 26% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
-2.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-652
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
2023
31 d late
← 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, micro schema
Equity
€2k▼ 25.7%
2024 · €3k
2023: €7k
2024: €3k
2023 → 2025
Total assets
€27k▼ 33.2%
2024 · €40k
2023: €106k
2024: €40k
2023 → 2025
Net result
€-652▲ 86.0%
2024 · €-5k
2023: €11k
2024: €-5k
2023 → 2025
Working capital
€-4k▲ 8.8%
2024 · €-5k
2023: €-2k
2024: €-5k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€7k-€3k▼ 64.7%€2k▼ 25.7%
Operating result€13k-€-3k€-340▲ 89.8%
Net result€11k-€-5k€-652▲ 86.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €340 in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€10k ▼ 34.0%
Current assets
€17k ▼ 32.7%
Equity and liabilities €27k
Equity
€2k ▼ 25.7%
Debt
€25k ▼ 33.7%
Debt's share of the balance-sheet total falls from 93.7% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▲
2024 · €2k
Cash flow
€5k▲
2024 · €568
Current ratio
0.79▼
2024 · 0.84
Debt to equity
13.20▼
2024 · 14.80
ROE
-34.6%▲
2024 · -183.6%
ROA
-2.4%▲
2024 · -11.6%
Interest coverage
5.93▲
2024 · 1.54
Debt ≤ 1 year
€21k▼
2024 · €29k
Debt > 1 year
€4k▼
2024 · €8k
Income taxes
€304▼
2024 · €2k
Staff costs
€65k▼
2024 · €75k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€40k€27k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€14k€9k▼
Other tangible fixed assets26€1k€903▼
Current assets29/58€25k€17k▼
Amounts receivable within one year40/41€18k€10k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€40k€27k▼
Equity10/15€3k€2k▼
Contributions10/11€5k€5k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-2k€-3k▼
Amounts payable17/49€38k€25k▼
Amounts payable after more than one year17€8k€4k▼
Financial debts170/4€8k€4k▼
Amounts payable within one year42/48€29k€21k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€8k€0▼
Suppliers440/4€8k€0▼
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€3k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€75k€65k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€79k€71k▼
Operating profit (loss)9901€-3k€-340▲
Financial income75/76B€2k€817▼
Recurring financial income75€2k€817▼
Financial charges65/66B€1k€825▼
Recurring financial charges65€1k€825▼
Profit (loss) for the period before taxes9903€-3k€-348▲
Income taxes67/77€2k€304▼
Profit (loss) for the period9904€-5k€-652▲
Profit (loss) for the period to be appropriated9905€-5k€-652▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Profit (loss) brought forward from the previous period14P€0€-2k▼
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €-5k ▼141%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
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, Antwerpen · 1 establishment unit since 2022
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.
Zwijgerstraat 422000 AntwerpenGround area
120 m²
Building footprint
120 m²
Volume, LiDAR
1,715 m³
Parcel 11811L3627/00X000, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Luigi's
since 20222.337.118.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3627/00X000 | Flanders | 120 m² | 1 · 120 m² | 18.3 m · 5 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.
Similar companies · same sector, comparable size
SANDWICHERIE IMPERIALE
BE 0887.094.890
Charleroi · Eq €1,987
KRISMA
BE 1016.666.995
Knokke-Heist · Eq €1,728
CROUSTI
BE 0662.440.417
Rixensart · Eq €2,165
KARASU
BE 0690.530.132
Antwerpen · Eq €2,357
ASMAE HALLE
BE 0764.959.222
Halle · Eq €2,419
Of 1,352 companies in sector 56220 we hold annual accounts for 405. 97 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
Founded06-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56220Contract catering and other food service activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.