LUO-MA
ActiveSummary
The computed 12-month bankruptcy probability of LUO-MA is 2.6% (moderate). The 2025 annual accounts show negative equity (€-48k) and a net result of €-19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 13417 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.76 in 2024; short-term debt: 144.3% and cash: 9.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
-50.7%
Return on assets
-20.3%
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 €-48k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
10 d early
2023
12 d late
2022
29 d late
2021
22 d late
2020
18 d late
2019
26 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-48k▼ 67.0%
2024 · €-29k
2018: €-9k
2019: €-45k▼ -374% vs 2018
2020: €-46k▼ -2.0% vs 2019
2021: €30k▲ +166% vs 2020highest in 8 years
2022: €-11k▼ -137% vs 2021
2023: €-10k▲ +11.5% vs 2022
2024: €-29k▼ -191% vs 2023
2025: €-48k▼ -67.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€94k▲ 22.8%
2024 · €77k
2018: €64klowest in 8 years
2019: €65k▲ +0.8% vs 2018
2020: €73k▲ +12.1% vs 2019
2021: €117k▲ +60.5% vs 2020highest in 8 years
2022: €113k▼ -3.5% vs 2021
2023: €95k▼ -16.0% vs 2022
2024: €77k▼ -18.9% vs 2023
2025: €94k▲ +22.8% vs 2024
2018 → 2025
Net result
€-19k▼ 2.0%
2024 · €-19k
2018: €-26k
2019: €-36k▼ -37.5% vs 2018
2020: €-908▲ +97.4% vs 2019
2021: €32k▲ +3649% vs 2020highest in 8 years
2022: €-41k▼ -228% vs 2021lowest in 8 years
2023: €1k▲ +103% vs 2022
2024: €-19k▼ -1580% vs 2023
2025: €-19k▼ -2.0% vs 2024
2018 → 2025
Working capital
€-44k▼ 81.9%
2024 · €-24k
2018: €-58k
2019: €-73k▼ -25.7% vs 2018lowest in 8 years
2020: €-50k▲ +31.4% vs 2019
2021: €32k▲ +165% vs 2020highest in 8 years
2022: €-8k▼ -123% vs 2021
2023: €-7k▲ +10.1% vs 2022
2024: €-24k▼ -253% vs 2023
2025: €-44k▼ -81.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€-11k€-10k▲ 11.5%€-29k▼ 191%€-48k▼ 67.0%
2021: €30khighest in 5 years
2022: €-11k▼ -137% vs 2021
2023: €-10k▲ +11.5% vs 2022
2024: €-29k▼ -191% vs 2023
2025: €-48k▼ -67.0% vs 2024lowest in 5 years
Operating result€37k-€-35k€9k€-10k€-13k▼ 29.8%
2021: €37khighest in 5 years
2022: €-35k▼ -193% vs 2021lowest in 5 years
2023: €9k▲ +125% vs 2022
2024: €-10k▼ -212% vs 2023
2025: €-13k▼ -29.8% vs 2024
Net result€32k-€-41k€1k€-19k€-19k▼ 2.0%
2021: €32khighest in 5 years
2022: €-41k▼ -228% vs 2021lowest in 5 years
2023: €1k▲ +103% vs 2022
2024: €-19k▼ -1580% vs 2023
2025: €-19k▼ -2.0% vs 2024
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 €13k in 2025 against €10k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€2k ▼ 2.3%
Current assets
€92k ▲ 23.6%
Key figures and ratios
EBITDA
€-12k▼
2024 · €-8k
Cash flow
€-18k▼
2024 · €-17k
Solvency
-50.7%▼
2024 · -37.3%
Current ratio
0.68▼
2024 · 0.76
Quick ratio
0.53▼
2024 · 0.54
Debt to equity
-2.97▲
2024 · -3.68
ROA
-20.3%▲
2024 · -24.5%
Interest coverage
-1.81▼
2024 · -0.92
Debt
€142k▲
2024 · €105k
Debt ≤ 1 year
€136k▲
2024 · €99k
Income taxes
€243▼
2024 · €267
Staff costs
€23k▲
2024 · €19k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€94k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€653€372▼
Financial fixed assets28€183€183=
Current assets29/58€75k€92k▲
Stocks and contracts in progress3€22k€19k▼
Stocks30/36€22k€19k▼
Amounts receivable within one year40/41€37k€64k▲
Trade receivables40€37k€63k▲
Other amounts receivable41-€477
Cash at bank and in hand54/58€16k€9k▼
Deferred charges and accrued income490/1€194€245▲
Equity and liabilities
Total equity and liabilities10/49€77k€94k▲
Equity10/15€-29k€-48k▼
Contributions10/11€50k€50k=
Capital10€50k-
Issued capital100€50k-
Profit (loss) carried forward14€-79k€-98k▼
Amounts payable17/49€105k€142k▲
Amounts payable within one year42/48€99k€136k▲
Financial debts43€3k€6k▲
Credit institutions430/8€3k€6k▲
Trade debts44€29k€49k▲
Suppliers440/4€29k€49k▲
Taxes, remuneration and social security45€7k€17k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9€3k€13k▲
Other amounts payable47/48€60k€65k▲
Accrued charges and deferred income492/3€7k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€19k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€966▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€14k€16k▲
Operating profit (loss)9901€-10k€-13k▼
Financial income75/76B€57€47▼
Recurring financial income75€57€47▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€-19k€-19k▼
Income taxes67/77€267€243▼
Profit (loss) for the period9904€-19k€-19k▼
Profit (loss) for the period to be appropriated9905€-19k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-98k▼
Profit (loss) brought forward from the previous period14P€-60k€-79k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6k | €17k | €13k | €19k | €23k | ▲ 26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €2k | €1k | €2k | €966 | ▼ 36.3% |
| Other operating charges640/8 | €1k | €13k | €4k | €4k | €4k | ▼ 1.5% |
| Gross operating margin9900 | €51k | €-2k | €27k | €14k | €16k | ▲ 9.4% |
| Operating profit (loss)9901 | €37k | €-35k | €9k | €-10k | €-13k | ▼ 29.8% |
| Financial income75/76B | €45 | €30 | €168 | €57 | €47 | ▼ 18.0% |
| Recurring financial income75 | €45 | €30 | €168 | €57 | €47 | ▼ 18.0% |
| Financial charges65/66B | €5k | €7k | €8k | €9k | €6k | ▼ 28.0% |
| Recurring financial charges65 | €5k | €7k | €8k | €9k | €6k | ▼ 28.0% |
| Profit (loss) for the period before taxes9903 | €32k | €-41k | €1k | €-19k | €-19k | ▼ 2.2% |
| Income taxes67/77 | €227 | €59 | - | €267 | €243 | ▼ 8.7% |
| Profit (loss) for the period9904 | €32k | €-41k | €1k | €-19k | €-19k | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €32k | €-41k | €1k | €-19k | €-19k | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €113k | €95k | €77k | €94k | ▲ 22.8% |
| Fixed assets21/28 | €3k | €4k | €3k | €2k | €2k | ▼ 2.3% |
| Tangible fixed assets22/27 | €3k | €4k | €3k | €2k | €2k | ▼ 2.5% |
| Land and buildings22 | €1k | €880 | €440 | - | - | - |
| Plant, machinery and equipment23 | €1k | €3k | €2k | €1k | €2k | ▲ 17.5% |
| Furniture and vehicles24 | - | €606 | €282 | €653 | €372 | ▼ 43.0% |
| Financial fixed assets28 | €183 | €183 | €183 | €183 | €183 | = |
| Current assets29/58 | €114k | €109k | €92k | €75k | €92k | ▲ 23.6% |
| Stocks and contracts in progress3 | €15k | €20k | €21k | €22k | €19k | ▼ 9.6% |
| Stocks30/36 | €15k | €20k | €21k | €22k | €19k | ▼ 9.6% |
| Amounts receivable within one year40/41 | €205 | €53k | €53k | €37k | €64k | ▲ 70.9% |
| Trade receivables40 | - | €53k | €53k | €37k | €63k | ▲ 69.6% |
| Other amounts receivable41 | €205 | - | - | - | €477 | - |
| Cash at bank and in hand54/58 | €98k | €35k | €17k | €16k | €9k | ▼ 43.4% |
| Deferred charges and accrued income490/1 | €644 | €1k | €1k | €194 | €245 | ▲ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €113k | €95k | €77k | €94k | ▲ 22.8% |
| Equity10/15 | €30k | €-11k | €-10k | €-29k | €-48k | ▼ 67.0% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Capital10 | €50k | €50k | €50k | €50k | - | - |
| Issued capital100 | €50k | €50k | €50k | €50k | - | - |
| Profit (loss) carried forward14 | €-20k | €-61k | €-60k | €-79k | €-98k | ▼ 24.4% |
| Amounts payable17/49 | €87k | €124k | €105k | €105k | €142k | ▲ 34.8% |
| Amounts payable within one year42/48 | €81k | €116k | €99k | €99k | €136k | ▲ 37.8% |
| Financial debts43 | €3k | €5k | €5k | €3k | €6k | ▲ 85.0% |
| Credit institutions430/8 | €3k | €5k | €5k | €3k | €6k | ▲ 85.0% |
| Trade debts44 | €5k | €20k | €48k | €29k | €49k | ▲ 66.1% |
| Suppliers440/4 | €5k | €20k | €48k | €29k | €49k | ▲ 66.1% |
| Advances received on contracts in progress46 | - | €5k | - | - | - | - |
| Taxes, remuneration and social security45 | €7k | €17k | €8k | €7k | €17k | ▲ 145% |
| Taxes450/3 | €3k | €12k | €8k | €4k | €3k | ▼ 21.0% |
| Remuneration and social security454/9 | €3k | €4k | €868 | €3k | €13k | ▲ 424% |
| Other amounts payable47/48 | €67k | €69k | €37k | €60k | €65k | ▲ 9.4% |
| Accrued charges and deferred income492/3 | €5k | €8k | €6k | €7k | €6k | ▼ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €-41k | €1k | €-19k | €-19k | ▼ 2.0% |
| + Depreciation and write-downs630 | €7k | €2k | €1k | €2k | €966 | ▼ 36.3% |
| Operating cash flow (approximation) | €39k | €-40k | €3k | €-17k | €-18k | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-850 | €-917 | ▼ 7.8% |
| Change in cash | - | €-63k | €-18k | €-861 | €-7k | ▼ 690% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.56 to 1.40; short-term debt falls from €114k to €81k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Namur · 1 establishment unit since 2011
Ground area
142 m²
Building footprint
65 m²
Volume, LiDAR
968 m³
Parcel 92094C1036/00E000, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CHEZ RIZ
since 20112.201.424.205
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1036/00E000 | Wallonia | 142 m² | 1 · 65 m² | 17.6 m · 5 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
Food safety, FASFC
1 siteNamur2.201.424.205
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,384 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
Founded14-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Contact
Phone
0487/368507
Scores and ratios are computed by Checked and are not a credit decision.