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LUND

Active
Private limited companyfounded 2002active for 24 yearsAarlenstraat 25, 1050 Elsene, Belgium50 active companies are registered at this addressKBO/BCE: BE 0477.661.949
Summary

The computed 12-month bankruptcy probability of LUND is 6.4% (elevated). For LUND, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €549,916 and a net result of €679,265, of which €555,413 non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 January 2026 Financial year closed on 30 June 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 31 October 2026.

Turnover
≈ €1.9m
Estimated: probably between €1.4m and €2.8m
Total assets
€3.0m▼ 1.5%
2023 · €3.0m
Net result
€679,265▲ 177×
2023 · €3,846
Working capital
-€487,001▲ 62.8%
2023 · -€1.3m
Trend over the years

2020 to 2024, 5 financial years 2019 to 2024, 6 financial years

After the dip in 2022 the operating result has climbed two years in a row; 2024 is over 10 times 2023 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.7m 2024 Net result€0.7m 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201920202021202220232024
Operating result€0.3m--€0.1m€0.1m-€0.008m€0.07m€0.7m▲ 924%
Net result€0.3m--€0.1m€0.05m-€0.05m€0.004m€0.7m▲ 177×
Equity-€0.1m--€0.3m▼ 144%-€0.09m▲ 70.5%-€0.1m▼ 54.4%-€0.1m▲ 2.9%€0.5m
Total assets€3.2m-€3.5m▲ 8.9%€3.3m▼ 4.4%€3.2m▼ 2.6%€3.0m▼ 6.3%€3.0m▼ 1.5%
Debt€3.3m-€3.8m▲ 13.9%€3.4m▼ 9.5%€3.4m▼ 1.1%€3.2m▼ 6.1%€2.4m▼ 22.8%
Working capital-€0.4m--€0.6m▼ 42.7%-€0.7m▼ 25.8%-€0.8m▼ 13.3%-€1.3m▼ 66.6%-€0.5m▲ 62.8%
Staff (FTE)1-1=1.2▲ 20.0%1▼ 16.7%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.0m
Fixed assets €2.6m ▼ 6.6%
Current assets €361,828 ▲ 63.5%
Equity and liabilities €3.0m
Equity €549,916
Debt €2.4m
Debt finances 81.7% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€956,614▲
2023 · €290,132
Cash flow
€891,148▲
2023 · €221,269
Current ratio
0.43▲
2023 · 0.14
Debt to equity
4.45
ROE
123.5%
ROA
22.7%▲
2023 · 0.1%
Interest coverage
9.08▲
2023 · 4.00
Debt ≤ 1 year
€848,829▼
2023 · €1.5m
Debt > 1 year
€1.6m▼
2023 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€3.0m€3.0m▼
Fixed assets21/28€2.8m€2.6m▼
Intangible fixed assets21€0.001m€0.001m▼
Tangible fixed assets22/27€2.0m€1.8m▼
Land and buildings22€1.7m€1.6m▼
Plant, machinery and equipment23€0.3m€0.3m▼
Financial fixed assets28€0.8m€0.8m=
Current assets29/58€0.2m€0.4m▲
Amounts receivable within one year40/41€0.01m€0.2m▲
Trade receivables40€0.01m€0.1m▲
Other amounts receivable41-€0.07m
Current investments50/53€0.04m€0.04m=
Cash at bank and in hand54/58-€0.001m
Deferred charges and accrued income490/1€0.2m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€3.0m€3.0m▼
Equity10/15-€0.1m€0.5m▲
Contributions10/11€0.02m€0.02m=
Profit (loss) carried forward14-€0.1m€0.5m▲
Amounts payable17/49€3.2m€2.4m▼
Amounts payable after more than one year17€1.6m€1.6m▼
Financial debts170/4€1.6m€1.6m▼
Amounts payable within one year42/48€1.5m€0.8m▼
Current portion of amounts payable after more than one year42€0.3m€0.3m▼
Financial debts43€0.006m-
Credit institutions430/8€0.006m-
Trade debts44€0.01m€0.01m▼
Suppliers440/4€0.01m€0.01m▼
Taxes, remuneration and social security45€0.1m€0.1m▲
Taxes450/3€0.1m€0.1m▲
Other amounts payable47/48€1.1m€0.4m▼
Accrued charges and deferred income492/3€0.02m€0.02m=
Income statement Code20232024
Non-recurring operating income76A€0.002m€0.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Other operating charges640/8€0.02m€0.02m▼
Non-recurring operating charges66A€181-
Gross operating margin9900€0.3m€1.0m▲
Operating profit (loss)9901€0.07m€0.7m▲
Financial income75/76B€0.004m€0.04m▲
Recurring financial income75€0.004m€0.04m▲
Non-recurring financial income76B€69-
Financial charges65/66B€0.07m€0.1m▲
Recurring financial charges65€0.07m€0.1m▲
Profit (loss) for the period before taxes9903€0.004m€0.7m▲
Profit (loss) for the period9904€0.004m€0.7m▲
Profit (loss) for the period to be appropriated9905€0.004m€0.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.1m€0.5m▲
Profit (loss) brought forward from the previous period14P-€0.2m-€0.1m▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920202021202220232024Change
Non-recurring operating income76A----€1,679€555,413▲ 331×
Remuneration, social security and pensions62---€37,767---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146,645€261,251€219,916€223,752€217,423€211,883▼ 2.5%
Other operating charges640/8---€13,387€21,720€15,633▼ 28.0%
Non-recurring operating charges66A---€1,732€181--
Gross operating margin9900€590,485€252,373€495,617€268,173€312,033€972,247▲ 212%
Operating profit (loss)9901€333,608-€131,532€116,974-€8,463€72,709€744,731▲ 924%
Financial income75/76B---€11€3,658€39,888▲ 990%
Recurring financial income75-€39,221€236€11€3,589€39,888▲ 11×
Non-recurring financial income76B----€69--
Financial charges65/66B---€38,338€72,522€105,354▲ 45.3%
Recurring financial charges65€48,942€44,924€63,142€38,338€72,522€105,354▲ 45.3%
Profit (loss) for the period before taxes9903€284,666-€137,234€54,068-€46,790€3,846€679,265▲ 177×
Profit (loss) for the period9904€284,666-€137,234€54,068-€46,790€3,846€679,265▲ 177×
Profit (loss) for the period to be appropriated9905€284,666-€137,234€54,068-€46,790€3,846€679,265▲ 177×
Line201920202021202220232024Change
Assets
Total assets20/58€3.2m€3.5m€3.3m€3.2m€3.0m€3.0m▼ 1.5%
Fixed assets21/28€3.0m€3.3m€3.2m€3.0m€2.8m€2.6m▼ 6.6%
Intangible fixed assets21-€0.001m€0.001m€0.001m€0.001m€0.001m▼ 15.0%
Tangible fixed assets22/27€2.2m€2.4m€2.4m€2.2m€2.0m€1.8m▼ 9.2%
Land and buildings22---€1.9m€1.7m€1.6m▼ 8.8%
Plant, machinery and equipment23---€0.4m€0.3m€0.3m▼ 11.4%
Furniture and vehicles24---€0.006m---
Financial fixed assets28€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m=
Current assets29/58€0.2m€0.2m€0.1m€0.2m€0.2m€0.4m▲ 63.5%
Amounts receivable within one year40/41€0.1m€0.08m€0.08m€0.1m€0.01m€0.2m▲ 12×
Trade receivables40---€0.1m€0.01m€0.1m▲ 634%
Other amounts receivable41---€0.004m-€0.07m-
Current investments50/53---€0.04m€0.04m€0.04m=
Cash at bank and in hand54/58€0.1m€0.1m€0.03m€0.01m-€0.001m-
Deferred charges and accrued income490/1---€0.006m€0.2m€0.1m▼ 11.2%
Equity and liabilities
Total equity and liabilities10/49€3.2m€3.5m€3.3m€3.2m€3.0m€3.0m▼ 1.5%
Equity10/15-€0.1m-€0.3m-€0.09m-€0.1m-€0.1m€0.5m-
Contributions10/11€0.02m--€0.02m€0.02m€0.02m=
Reserves13€0.003m------
Profit (loss) carried forward14-€0.2m-€0.3m-€0.1m-€0.2m-€0.1m€0.5m-
Provisions and deferred taxes16€0.003m------
Amounts payable17/49€3.3m€3.8m€3.4m€3.4m€3.2m€2.4m▼ 22.8%
Amounts payable after more than one year17€2.7m€3.0m€2.6m€2.4m€1.6m€1.6m▼ 2.7%
Financial debts170/4---€2.4m€1.6m€1.6m▼ 2.7%
Amounts payable within one year42/48€0.6m€0.8m€0.8m€1.0m€1.5m€0.8m▼ 44.5%
Current portion of amounts payable after more than one year42---€0.3m€0.3m€0.3m▼ 0.2%
Financial debts43----€0.006m--
Credit institutions430/8----€0.006m--
Trade debts44€0.002m€0.03m€0.02m€0.06m€0.01m€0.01m▼ 4.4%
Suppliers440/4---€0.06m€0.01m€0.01m▼ 4.4%
Advances received on contracts in progress46---€0.009m---
Taxes, remuneration and social security45---€0.1m€0.1m€0.1m▲ 6.9%
Taxes450/3---€0.1m€0.1m€0.1m▲ 6.9%
Other amounts payable47/48---€0.5m€1.1m€0.4m▼ 60.7%
Accrued charges and deferred income492/3---€0.02m€0.02m€0.02m=
Line201920202021202220232024Change
Profit (loss) for the period9904€284,666-€137,234€54,068-€46,790€3,846€679,265▲ 177×
+ Depreciation and write-downs630€146,645€261,251€219,916€223,752€217,423€211,883▼ 2.5%
Operating cash flow (approximation)€431,311€124,017€273,984€176,961€221,269€891,148▲ 303%
Investment in fixed assets (approximation)--€554,650-€184,428-€46,933€363-€26,388-
Change in cash--€31,450-€67,942-€16,977---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference
30-06-2024 micro format 12-05-2025 2025-00093554
30-06-2023 micro format 09-09-2024 2024-00458538
30-06-2022 micro format 28-02-2023 2023-00036993
30-06-2021 micro format 28-02-2022 2022-07100280
30-06-2020 micro format 26-02-2021 2021-06800213
30-06-2019 micro format 27-02-2020 2020-05900132
30-06-2018 full format 18-08-2019 2019-49400400
30-06-2017 full format 28-02-2018 2018-06100133
30-06-2016 full format 31-03-2017 2017-08600139
30-06-2015 full format 29-02-2016 2016-05500213

Show all 22 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.