LUKARWEI
ActiveSummary
The computed 12-month bankruptcy probability of LUKARWEI is 1.7% (moderate). The 2025 annual accounts show negative equity (-€4,370) and a net result of -€22,773. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 28254 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-90
Solvency11▼-50
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 1.26 in 2024; short-term debt: 90.6% and cash: 2.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-13.9%
Return on assets
-72.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,370
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
44 d early
2023
29 d early
2022
41 d early
2021
5 d early
2020
38 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€4,370
2024 · €18,403
Total assets
€31,494▼ 38.2%
2024 · €50,966
Net result
-€22,773
2024 · €8,482
Working capital
-€19,227
2024 · €4,907
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,238▼ 0.9%€15,151-€235€9,991-€23,784
Net result-€5,495below the sector's middle half▲ 1.1%€15,017within the sector's middle half-€235below the sector's middle half€8,482within the sector's middle half-€22,773below the sector's middle half
Equity-€4,860below the sector's middle half€10,156below the sector's middle half€9,921below the sector's middle half▼ 2.3%€18,403below the sector's middle half▲ 85.5%-€4,370below the sector's middle half
Total assets€17,297below the sector's middle half▼ 39.1%€21,285below the sector's middle half▲ 23.1%€19,660below the sector's middle half▼ 7.6%€50,966below the sector's middle half▲ 159%€31,494below the sector's middle half▼ 38.2%
Debt€22,157▼ 20.3%€11,129▼ 49.8%€9,739▼ 12.5%€32,563▲ 234%€35,864▲ 10.1%
Working capital-€8,589below the sector's middle half▼ 218%€9,096within the sector's middle half€6,501within the sector's middle half▼ 28.5%€4,907within the sector's middle half▼ 24.5%-€19,227below the sector's middle half
Solvency-28.1%below the sector's middle half▼ 30.3pp47.7%within the sector's middle half▲ 75.8pp50.5%within the sector's middle half▲ 2.7pp36.1%within the sector's middle half▼ 14.4pp-13.9%below the sector's middle half▼ 50.0pp
Current ratio0.55below the sector's middle half▼ 0.311.84within the sector's middle half▲ 1.291.68within the sector's middle half▼ 0.161.26within the sector's middle half▼ 0.420.33below the sector's middle half▼ 0.93
Return on assets (ROA)-31.8%below the sector's middle half▼ 12.2pp70.5%above the sector's middle half▲ 102.3pp-1.2%below the sector's middle half▼ 71.7pp16.6%within the sector's middle half▲ 17.8pp-72.3%below the sector's middle half▼ 89.0pp
Staff (FTE)1▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23,784 after €9,991 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,494
Fixed assets
€22,172 ▼ 18.4%
Current assets
€9,322 ▼ 60.8%
Key figures and ratios
EBITDA
-€16,535▼
2024 · €16,836
Cash flow
-€15,524▼
2024 · €15,327
Quick ratio
0.14▼
2024 · 0.87
Debt to equity
-8.21▼
2024 · 1.77
Interest coverage
-16.46▼
2024 · 13.78
Debt ≤ 1 year
€28,549▲
2024 · €18,878
Debt > 1 year
€7,268▼
2024 · €13,638
Income taxes
€430▲
2024 · €401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,801 | €328 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,503 | €5,333 | €1,493 | €6,845 | €7,249 | ▲ 5.9% |
| Other operating charges640/8 | €984 | €882 | €1,124 | €2,168 | €1,487 | ▼ 31.4% |
| Non-recurring operating charges66A | - | - | - | - | €272 | - |
| Gross operating margin9900 | €6,050 | €21,694 | €2,383 | €19,003 | -€14,777 | ▼ 178% |
| Operating profit (loss)9901 | -€5,238 | €15,151 | -€235 | €9,991 | -€23,784 | ▼ 338% |
| Financial income75/76B | €38 | €29 | €120 | €114 | €2,446 | ▲ 2,046% |
| Recurring financial income75 | €38 | €29 | €120 | €114 | €8 | ▼ 93.4% |
| Non-recurring financial income76B | - | - | - | - | €2,438 | - |
| Financial charges65/66B | €294 | €164 | €120 | €1,222 | €1,005 | ▼ 17.8% |
| Recurring financial charges65 | €294 | €164 | €120 | €1,222 | €1,005 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | -€5,495 | €15,017 | -€235 | €8,883 | -€22,343 | ▼ 352% |
| Income taxes67/77 | - | - | - | €401 | €430 | ▲ 7.3% |
| Profit (loss) for the period9904 | -€5,495 | €15,017 | -€235 | €8,482 | -€22,773 | ▼ 368% |
| Profit (loss) for the period to be appropriated9905 | -€5,495 | €15,017 | -€235 | €8,482 | -€22,773 | ▼ 368% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,297 | €21,285 | €19,660 | €50,966 | €31,494 | ▼ 38.2% |
| Fixed assets21/28 | €6,698 | €1,366 | €3,666 | €27,182 | €22,172 | ▼ 18.4% |
| Tangible fixed assets22/27 | €6,698 | €1,366 | €3,666 | €27,182 | €22,172 | ▼ 18.4% |
| Plant, machinery and equipment23 | €1,538 | €958 | €3,402 | €2,682 | €1,913 | ▼ 28.7% |
| Furniture and vehicles24 | €4,757 | €206 | €264 | €24,500 | €18,716 | ▼ 23.6% |
| Other tangible fixed assets26 | €403 | €201 | - | - | €1,543 | - |
| Current assets29/58 | €10,599 | €19,920 | €15,994 | €23,784 | €9,322 | ▼ 60.8% |
| Stocks and contracts in progress3 | €6,183 | €5,831 | €5,535 | €7,453 | €5,390 | ▼ 27.7% |
| Stocks30/36 | €6,183 | €5,831 | €5,535 | €7,453 | €5,390 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €1,380 | €6,006 | €7,547 | €14,460 | €2,096 | ▼ 85.5% |
| Trade receivables40 | €1,380 | €3,509 | €6,243 | €12,758 | €1,900 | ▼ 85.1% |
| Other amounts receivable41 | - | €2,497 | €1,304 | €1,702 | €196 | ▼ 88.5% |
| Cash at bank and in hand54/58 | €1,419 | €6,391 | €1,554 | €284 | €648 | ▲ 128% |
| Deferred charges and accrued income490/1 | €1,616 | €1,692 | €1,359 | €1,587 | €1,189 | ▼ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,297 | €21,285 | €19,660 | €50,966 | €31,494 | ▼ 38.2% |
| Equity10/15 | -€4,860 | €10,156 | €9,921 | €18,403 | -€4,370 | ▼ 124% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€19,120 | -€4,104 | -€4,339 | €4,143 | -€18,630 | ▼ 550% |
| Amounts payable17/49 | €22,157 | €11,129 | €9,739 | €32,563 | €35,864 | ▲ 10.1% |
| Amounts payable after more than one year17 | €2,931 | - | - | €13,638 | €7,268 | ▼ 46.7% |
| Financial debts170/4 | €2,931 | - | - | €13,638 | €7,268 | ▼ 46.7% |
| Amounts payable within one year42/48 | €19,187 | €10,824 | €9,494 | €18,878 | €28,549 | ▲ 51.2% |
| Current portion of amounts payable after more than one year42 | €4,347 | €2,931 | - | €6,062 | €6,371 | ▲ 5.1% |
| Financial debts43 | - | - | - | €360 | - | - |
| Credit institutions430/8 | - | - | - | €360 | - | - |
| Trade debts44 | €2,773 | €4,485 | €6,561 | €6,713 | €3,303 | ▼ 50.8% |
| Suppliers440/4 | €2,773 | €4,485 | €6,561 | €6,713 | €3,303 | ▼ 50.8% |
| Taxes, remuneration and social security45 | €6,260 | €3,409 | €2,932 | €5,743 | €12,470 | ▲ 117% |
| Taxes450/3 | €2,440 | €1,909 | €2,932 | €3,883 | €2,210 | ▼ 43.1% |
| Remuneration and social security454/9 | €3,820 | €1,500 | - | €1,860 | €10,260 | ▲ 452% |
| Other amounts payable47/48 | €5,808 | - | - | - | €6,405 | - |
| Accrued charges and deferred income492/3 | €39 | €305 | €245 | €47 | €48 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,495 | €15,017 | -€235 | €8,482 | -€22,773 | ▼ 368% |
| + Depreciation and write-downs630 | €5,503 | €5,333 | €1,493 | €6,845 | €7,249 | ▲ 5.9% |
| Operating cash flow (approximation) | €8 | €20,349 | €1,258 | €15,327 | -€15,524 | ▼ 201% |
| Investment in fixed assets (approximation) | - | €0 | -€3,793 | -€30,361 | -€2,239 | ▲ 92.6% |
| Change in cash | - | €4,971 | -€4,837 | -€1,269 | €363 | ▲ 129% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€22,773
Net result drops to -€22,773, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,482
Net result €8,482 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15,017
Net result €15,017 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.84
Current ratio from 0.55 to 1.84; short-term debt falls from €19,187 to €10,824.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6,385
Net result €6,385 after one loss-making year.
Show earlier events
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Stekene · 1 establishment unit since 2014
Ground area
1,458 m²
Building footprint
132 m²
Volume, LiDAR
520 m³
Parcel 46011A0578/00E000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Stationsstraat(KEM) 90, 9190 Stekene
since 20142.236.084.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46011A0578/00E000 | Flanders | 1,458 m² | 1 · 132 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
3 endedOnderhoudsmedewerker (vwo)
Onderhoudsmedewerker duaal (so)
Polyvalent onderhoudswerker gebouwen (so)
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,018 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563337297
Also
9925:BE0563337297
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.