LUKAS
ActiveSummary
LUKAS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,604 and a net result of €23,836. Equity is shrinking by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 1570 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+17
Solvency98▲+20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 1.67 in 2024; short-term debt: 24.4% and cash: 53.7% of total assets), and 27.2% of the assets are financed with debt.
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Signals
Four 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.8%
Return on assets
19.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
56 d early
2023
65 d early
2022
43 d early
2021
61 d early
2020
65 d early
2019
63 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 57 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€87,604▲ 0.3%
2024 · €87,357
Total assets
€120,380▼ 26.5%
2024 · €163,738
Net result
€23,836▲ 123%
2024 · €10,673
Working capital
€55,059▲ 9.9%
2024 · €50,099
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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€27,269▼ 60.0%-€28,425€11,866€10,952▼ 7.7%€34,582▲ 216%
Net result€8,518within the sector's middle half▼ 84.4%-€29,585below the sector's middle half€9,162within the sector's middle half€10,673within the sector's middle half▲ 16.5%€23,836within the sector's middle half▲ 123%
Equity€271,210above the sector's middle half▼ 23.7%€199,243above the sector's middle half▼ 26.5%€144,343above the sector's middle half▼ 27.6%€87,357within the sector's middle half▼ 39.5%€87,604within the sector's middle half▲ 0.3%
Total assets€400,617above the sector's middle half▼ 3.8%€263,124within the sector's middle half▼ 34.3%€222,989within the sector's middle half▼ 15.3%€163,738within the sector's middle half▼ 26.6%€120,380within the sector's middle half▼ 26.5%
Debt€129,407▲ 112%€63,881▼ 50.6%€78,646▲ 23.1%€76,381▼ 2.9%€32,776▼ 57.1%
Working capital€222,682▼ 23.9%€163,378▼ 26.6%€105,045▼ 35.7%€50,099▼ 52.3%€55,059▲ 9.9%
Solvency67.7%above the sector's middle half▼ 17.7pp75.7%above the sector's middle half▲ 8.0pp64.7%above the sector's middle half▼ 11.0pp53.4%within the sector's middle half▼ 11.4pp72.8%above the sector's middle half▲ 19.4pp
Staff (FTE)4.1▼ 19.6%0.3▼ 92.7%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 recovers in 2025; 2025 is 216% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120,380
Fixed assets
€35,922 ▼ 8.8%
Current assets
€84,457 ▼ 32.1%
Equity and liabilities €120,380
Equity
€87,604 ▲ 0.3%
Debt
€32,776 ▼ 57.1%
Debt's share of the balance-sheet total falls from 46.6% to 27.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,946▲
2024 · €16,299
Cash flow
€26,200▲
2024 · €16,020
Current ratio
2.87▲
2024 · 1.67
Debt to equity
0.37▼
2024 · 0.87
ROE
27.2%▲
2024 · 12.2%
ROA
19.8%▲
2024 · 6.5%
Interest coverage
328.38▲
2024 · 178.11
Debt ≤ 1 year
€29,399▼
2024 · €74,267
Income taxes
€10,633▲
2024 · €246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 | - | €24,882 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,118 | €8,582 | €5,156 | €5,347 | €2,364 | ▼ 55.8% |
| Other operating charges640/8 | - | €5,214 | €5,325 | €5,799 | €3,862 | ▼ 33.4% |
| Gross operating margin9900 | €189,308 | €10,252 | €22,347 | €22,098 | €40,807 | ▲ 84.7% |
| Operating profit (loss)9901 | €27,269 | -€28,425 | €11,866 | €10,952 | €34,582 | ▲ 216% |
| Financial income75/76B | - | €22 | €13 | €58 | - | - |
| Recurring financial income75 | €1,836 | €22 | €13 | €58 | - | - |
| Financial charges65/66B | - | €929 | €2,466 | €92 | €113 | ▲ 22.9% |
| Recurring financial charges65 | €4,605 | €929 | €2,466 | €92 | €113 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €24,500 | -€29,332 | €9,414 | €10,918 | €34,469 | ▲ 216% |
| Income taxes67/77 | €15,983 | €253 | €251 | €246 | €10,633 | ▲ 4,230% |
| Profit (loss) for the period9904 | €8,518 | -€29,585 | €9,162 | €10,673 | €23,836 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €46,018 | -€29,585 | €9,162 | €10,673 | €23,836 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400,617 | €263,124 | €222,989 | €163,738 | €120,380 | ▼ 26.5% |
| Fixed assets21/28 | €48,529 | €41,059 | €44,719 | €39,372 | €35,922 | ▼ 8.8% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €48,428 | €40,959 | €44,619 | €39,272 | €35,822 | ▼ 8.8% |
| Land and buildings22 | - | €38,385 | €36,424 | €34,463 | €33,037 | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | €2,938 | €2,338 | €1,738 | ▼ 25.7% |
| Furniture and vehicles24 | - | €2,046 | €4,937 | €2,268 | €912 | ▼ 59.8% |
| Other tangible fixed assets26 | - | €529 | €321 | €204 | €136 | ▼ 33.4% |
| Financial fixed assets28 | €99 | €99 | €99 | €99 | €99 | = |
| Current assets29/58 | €352,089 | €222,065 | €178,269 | €124,366 | €84,457 | ▼ 32.1% |
| Amounts receivable within one year40/41 | €4,671 | €5,619 | €5,682 | €7,220 | €10,797 | ▲ 49.5% |
| Trade receivables40 | - | €5,619 | €5,682 | €7,140 | €10,716 | ▲ 50.1% |
| Other amounts receivable41 | - | - | - | €81 | €81 | = |
| Cash at bank and in hand54/58 | €343,150 | €201,436 | €167,806 | €112,458 | €64,600 | ▼ 42.6% |
| Deferred charges and accrued income490/1 | - | €15,009 | €4,781 | €4,688 | €9,060 | ▲ 93.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400,617 | €263,124 | €222,989 | €163,738 | €120,380 | ▼ 26.5% |
| Equity10/15 | €271,210 | €199,243 | €144,343 | €87,357 | €87,604 | ▲ 0.3% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €246,210 | €203,828 | €139,765 | €72,107 | €62,604 | ▼ 13.2% |
| Non-distributable reserves130/1 | - | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | - | - | - | - |
| Distributable reserves133 | - | €201,328 | €139,765 | €72,107 | €62,604 | ▼ 13.2% |
| Profit (loss) carried forward14 | - | -€29,585 | -€20,423 | -€9,750 | - | - |
| Amounts payable17/49 | €129,407 | €63,881 | €78,646 | €76,381 | €32,776 | ▼ 57.1% |
| Amounts payable within one year42/48 | €129,407 | €58,687 | €73,225 | €74,267 | €29,399 | ▼ 60.4% |
| Trade debts44 | €26,672 | €14,435 | €4,939 | €4,602 | €4,227 | ▼ 8.1% |
| Suppliers440/4 | - | €14,435 | €4,939 | €4,602 | €4,227 | ▼ 8.1% |
| Taxes, remuneration and social security45 | - | €1,384 | €1,573 | €1,207 | €9,363 | ▲ 676% |
| Taxes450/3 | - | €1,384 | €1,573 | €1,207 | €9,363 | ▲ 676% |
| Other amounts payable47/48 | - | €42,868 | €66,712 | €68,459 | €15,809 | ▼ 76.9% |
| Accrued charges and deferred income492/3 | - | €5,194 | €5,421 | €2,114 | €3,377 | ▲ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,518 | -€29,585 | €9,162 | €10,673 | €23,836 | ▲ 123% |
| + Depreciation and write-downs630 | €16,118 | €8,582 | €5,156 | €5,347 | €2,364 | ▼ 55.8% |
| Operating cash flow (approximation) | €24,635 | -€21,003 | €14,319 | €16,020 | €26,200 | ▲ 63.6% |
| Investment in fixed assets (approximation) | - | -€1,113 | -€8,816 | €0 | €1,086 | - |
| Change in cash | - | -€141,714 | -€33,630 | -€55,348 | -€47,858 | ▲ 13.5% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €9,162
Net result €9,162 after one loss-making year.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€29,585
Net result drops to -€29,585, the lowest in the series; recovery starts the following year.
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sint-Niklaas · 1 establishment unit since 1996
Ground area
1,567 m²
Building footprint
560 m²
Volume, LiDAR
2,266 m³
2 parcels, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LUKAS BVBA
since 19962.076.113.764
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0506/00B004 | Flanders | 1,138 m² | 1 · 230 m² | 7.6 m · 1 fl. |
| 46002C0510/00S003 | Flanders | 429 m² | 1 · 330 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
1 endedVerkoper (so)
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Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 1,595 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
Founded09-02-1996
Fiscal year end30-06
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457281754
Also
9925:BE0457281754
Registered
05-10-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.