Summary
LUPA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.1m and a net result of €12,226. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 8074 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
13 d early
2023
4 d early
2022
46 d early
2021
36 d early
2020
62 d early
2019
58 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 33 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Wingene, Finance and insurance sector
Equity
€1.1m▲ 1.2%
2024 · €1.0m
Net result
€12,226
2024 · -€63,997
Total assets
€4.0m▲ 4.8%
2024 · €3.8m
Solvency
26.6%▼ 1.0pp
2024 · 27.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€51,459▼ 76.9%€281,619▲ 447%€112,167▼ 60.2%-€26,443€47,510
Net result€13,996within the sector's middle half▼ 92.6%€188,817above the sector's middle half▲ 1,249%€49,692within the sector's middle half▼ 73.7%-€63,997below the sector's middle half€12,226within the sector's middle half
Equity€871,946above the sector's middle half▲ 1.6%€1.1mabove the sector's middle half▲ 21.7%€1.1mabove the sector's middle half▲ 4.7%€1.0mabove the sector's middle half▼ 5.8%€1.1mabove the sector's middle half▲ 1.2%
Total assets€4.0mabove the sector's middle half▲ 1.1%€3.8mabove the sector's middle half▼ 5.2%€3.8mabove the sector's middle half▼ 1.1%€3.8mabove the sector's middle half▲ 0.2%€4.0mabove the sector's middle half▲ 4.8%
Debt€3.2m▲ 0.9%€2.7m▼ 14.3%€2.6m▼ 3.8%€2.7m▲ 2.7%€2.9m▲ 6.3%
Working capital-€1.9m▲ 1.1%-€1.3m▲ 27.8%-€1.1m▲ 19.7%-€1.2m▼ 8.5%-€1.2m▼ 0.3%
Solvency21.6%below the sector's middle half▲ 0.1pp27.7%within the sector's middle half▲ 6.1pp29.3%within the sector's middle half▲ 1.6pp27.6%within the sector's middle half▼ 1.7pp26.6%within the sector's middle half▼ 1.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €47,510 after a loss of €26,443 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€2.4m ▼ 1.3%
Current assets
€1.5m ▲ 16.2%
Equity and liabilities €4.0m
Equity
€1.1m ▲ 1.2%
Provisions
€64,298 =
Debt
€2.9m ▲ 6.3%
Debt's share of the balance-sheet total rises from 70.7% to 71.8%. Equity and debt are higher.
Key figures and ratios
ROE
1.2%▲
2024 · -6.1%
ROA
0.3%▲
2024 · -1.7%
Debt ≤ 1 year
€2.7m▲
2024 · €2.5m
Debt > 1 year
€106,613▼
2024 · €155,045
Income taxes
€4,012▲
2024 · €640
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €212,603 | €44,590 | - | €207 | - |
| Remuneration, social security and pensions62 | - | €146 | €160 | €163 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,142 | €39,214 | €29,329 | €29,330 | €28,815 | ▼ 1.8% |
| Other operating charges640/8 | - | €13,168 | €5,912 | €9,707 | €5,696 | ▼ 41.3% |
| Gross operating margin9900 | €107,874 | €334,146 | €147,569 | €12,757 | €82,020 | ▲ 543% |
| Operating profit (loss)9901 | €51,459 | €281,619 | €112,167 | -€26,443 | €47,510 | ▲ 280% |
| Financial income75/76B | - | €10,690 | €10,737 | €13,982 | €17,651 | ▲ 26.2% |
| Recurring financial income75 | €15,170 | €10,690 | €10,737 | €13,982 | €17,651 | ▲ 26.2% |
| Financial charges65/66B | - | €32,645 | €47,351 | €50,896 | €48,923 | ▼ 3.9% |
| Recurring financial charges65 | €31,125 | €32,645 | €47,351 | €50,896 | €48,923 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €35,505 | €259,664 | €75,553 | -€63,357 | €16,238 | ▲ 126% |
| Transfer to deferred taxes680 | - | €53,151 | €11,148 | - | - | - |
| Income taxes67/77 | €21,509 | €17,696 | €14,714 | €640 | €4,012 | ▲ 527% |
| Profit (loss) for the period9904 | €13,996 | €188,817 | €49,692 | -€63,997 | €12,226 | ▲ 119% |
| Transfer to tax-exempt reserves689 | - | €159,452 | €33,443 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,996 | €29,365 | €16,249 | -€63,997 | €12,226 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €3.8m | €3.8m | €3.8m | €4.0m | ▲ 4.8% |
| Fixed assets21/28 | €3.1m | €2.7m | €2.5m | €2.5m | €2.4m | ▼ 1.3% |
| Tangible fixed assets22/27 | €899,167 | €577,556 | €339,978 | €322,288 | €290,690 | ▼ 9.8% |
| Land and buildings22 | - | €570,306 | €332,728 | €315,038 | €283,440 | ▼ 10.0% |
| Other tangible fixed assets26 | - | €7,250 | €7,250 | €7,250 | €7,250 | = |
| Financial fixed assets28 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Current assets29/58 | €986,376 | €1.1m | €1.3m | €1.3m | €1.5m | ▲ 16.2% |
| Amounts receivable within one year40/41 | €980,982 | €984,817 | €1.3m | €1.3m | €1.5m | ▲ 17.7% |
| Trade receivables40 | - | - | - | - | €40,000 | - |
| Other amounts receivable41 | - | €984,817 | €1.3m | €1.3m | €1.5m | ▲ 14.6% |
| Current investments50/53 | €297 | €297 | €297 | €297 | €297 | = |
| Cash at bank and in hand54/58 | €1,948 | €106,893 | €3,916 | €15,821 | €355 | ▼ 97.8% |
| Deferred charges and accrued income490/1 | - | €4,638 | €4,008 | €17,731 | €19,475 | ▲ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €3.8m | €3.8m | €3.8m | €4.0m | ▲ 4.8% |
| Equity10/15 | €871,946 | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 1.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €853,346 | €1.0m | €1.1m | €1.0m | €1.0m | ▲ 1.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €159,452 | €192,895 | €192,895 | €192,895 | = |
| Distributable reserves133 | - | €880,851 | €897,100 | €834,963 | €847,189 | ▲ 1.5% |
| Provisions and deferred taxes16 | - | €53,151 | €64,298 | €64,298 | €64,298 | = |
| Deferred taxes168 | - | €53,151 | €64,298 | €64,298 | €64,298 | = |
| Amounts payable17/49 | €3.2m | €2.7m | €2.6m | €2.7m | €2.9m | ▲ 6.3% |
| Amounts payable after more than one year17 | €298,065 | €251,566 | €202,565 | €155,045 | €106,613 | ▼ 31.2% |
| Financial debts170/4 | - | €249,191 | €202,565 | €155,045 | €106,613 | ▼ 31.2% |
| Other amounts payable178/9 | - | €2,375 | - | - | - | - |
| Amounts payable within one year42/48 | €2.9m | €2.4m | €2.4m | €2.5m | €2.7m | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | - | €48,702 | €49,578 | €50,472 | €51,385 | ▲ 1.8% |
| Financial debts43 | - | - | €8,193 | €12,394 | €4,133 | ▼ 66.7% |
| Credit institutions430/8 | - | - | €8,193 | €12,394 | €4,133 | ▼ 66.7% |
| Trade debts44 | €83,168 | €27,259 | €57,930 | €42,983 | €20,480 | ▼ 52.4% |
| Suppliers440/4 | - | €27,259 | €57,930 | €42,983 | €20,480 | ▼ 52.4% |
| Taxes, remuneration and social security45 | - | €17,695 | €19,330 | €651 | €13,994 | ▲ 2,051% |
| Taxes450/3 | - | €17,695 | €19,330 | €651 | €13,994 | ▲ 2,051% |
| Other amounts payable47/48 | - | €2.3m | €2.2m | €2.4m | €2.6m | ▲ 9.8% |
| Accrued charges and deferred income492/3 | - | €23,413 | €39,494 | €41,125 | €42,731 | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,996 | €188,817 | €49,692 | -€63,997 | €12,226 | ▲ 119% |
| + Depreciation and write-downs630 | €50,142 | €39,214 | €29,329 | €29,330 | €28,815 | ▼ 1.8% |
| Operating cash flow (approximation) | €64,137 | €228,031 | €79,020 | -€34,667 | €41,041 | ▲ 218% |
| Investment in fixed assets (approximation) | - | €282,397 | €208,250 | -€11,640 | €2,783 | ▲ 124% |
| Change in cash | - | €104,944 | -€102,977 | €11,905 | -€15,465 | ▼ 230% |
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €12,226
Net result €12,226 after one loss-making year.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €1mEq €1.1m ▲21.7%
3 profitable years in a row build equity to €1.1m.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €189,309
Net result €189,309 after 2 loss-making years.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-03
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, Wingene · 1 establishment unit since 1998
Ground area
463 m²
Building footprint
275 m²
Volume, LiDAR
1,579 m³
Parcel 37018F1136/00H000, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tieltstraat 18, 8750 Wingene
since 19982.102.882.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018F1136/00H000 | Flanders | 463 m² | 1 · 275 m² | 11.2 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.
Structure & network
Owners and holdings
2 holdings · 3 subsidiaries in the treeOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
99.95%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- APOTHEEK DE LOORE ZWEVEZELE 100%
ELFARM 99.95%1 subsidiary
According to the annual accounts to 30-09-2025 of LUPA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 12,547 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
Founded04-02-1993
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449353686
Also
9925:BE0449353686
Registered
25-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.