Equity
€700,041 from €1.3m in 2015
Equity fell by 46% in 10 years.
LUKONA
Lifetime
18 annual accounts with figures on one time axispeak €1.5m (2007)
-€874▼ €67
lowest -€478,412 (2017)
-€26,260▼ €819
peak €1.3m (2015)
€700,041▼ 3.6%
€365,794▲ 16.2%
peak 1 FTE (2008)
-not published
Board3 names since 2017
2 directorsHET WATERHUIS and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
17-06-202644 days before the deadline
2025financial year
Loss of €26,260Debts from €314,691 to €365,794Cash from €4,918 to €997
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 32% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.52, cash €997, halved
Loss of €26,260, the second in a row (financial year 2025)
lowers risk
Size: total assets €1.1m
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 64% of them on solvency, 16% on liquidity, 16% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as LUKONA has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUKONA itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for LUKONA. 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.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.52 (0.52 in 2024), below 1. Short-term debt is 34.3% and cash 0.1% of total assets. 34.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
19202122232425
2019 to 2025 · latest year -€26,260
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
44 days early
2023
40 days early
2022
41 days early
2021
40 days early
2020
43 days early
2019
56 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 44 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HET WATERHUIS 99%score 91equity €20.3m (2025) · 30-11-2025 annual accounts of HET WATERHUIS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880595296
Purpose change · Amendment of the articles
“Projectontwikkeling inzake niet-residentiële onroerende goederen.Projectontwikkeling inzake residentiële…” (deed in Dutch) · General meeting of 01-08-2023 · Gazette deed
3 directors resigning, 2 reappointments
Resignations: BV Het Waterhuis, William Vanhee and Sebastiaan Vanhee · Reappointments: BV Het Waterhuis (managing director) and William Vanhee · Permanent representative: Franky Vanhee · General meeting of 03-03-2023 · Gazette deed
Incorporation
published on 18-04-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUKONA Oostkamp | €1.1m | -€874 | 65.7% | - |
| ADVIES & COORDINATIEBUREAU Diksmuide | €1.0m | -€18,532 | 37.5% | - |
| BURO VANASSCHE Roeselare | €0.9m | -€10,638 | -6.1% | - |
| AP/ART Architecten Hasselt | €1.0m | -€31,692 | 2.5% | - |
| M & Y Bouwadvies Holsbeek | €1.4m | -€33,598 | 26.5% | - |
| COMBOTEK Stabroek | €1.1m | -€5,591 | 95.1% | - |
| EVERT-JAN ROELOFSEN Brecht | €0.9m | -€23 | 98.9% | - |
These companies have the same main activity as LUKONA: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €899,000 and €1.4m, founded between 2000 and 2008.
Official details
Source: KBO- Status
- Active since 07-04-2006Normal situation
- Activity
- Activities of building architectsNACE 71111and 2 others
- Establishment unit
- 2.153.259.4488020 Oostkamp, since 07-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 01-08-2025
Annual accounts 2025
- €1.1m▲ 2.4%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on LUKONA
LUKONA has existed since 2006. The gross margin fell from €1.3m in 2011 to €4,489 in 2012.
HET WATERHUIS holds 99% of the shares. In April 2023, the Official Gazette published the appointment of HET WATERHUIS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUKONA
- What is the company number of LUKONA?
- The company number of LUKONA is 0880.595.296. The VAT number is the same number with BE in front: BE 0880.595.296.
- Where is LUKONA based?
- The registered office is at Kortrijksestraat 439, 8020 Oostkamp.Company details
- What does LUKONA do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of LUKONA?
- LUKONA is a public limited company (NV).
- When was LUKONA founded?
- LUKONA was founded on 07-04-2006.
- Is LUKONA still active?
- Yes, LUKONA is an active enterprise in the KBO register.
- What is the turnover of LUKONA?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is LUKONA profitable?
- In financial year 2025, LUKONA made a loss of €26,260.
- Where can I find the annual accounts of LUKONA?
- LUKONA filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUKONA due?
- LUKONA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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