LUPA
ActiveSummary
LUPA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €563k and a net result of €21k. Equity is growing by ~6.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-4
Solvency94▼-6
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 8.28 in 2023; short-term debt: 23.7% and cash: 31.4% of total assets), and 31.3% 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
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
1 d early
2022
on the day
2021
2 d early
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€563k▼ 26.8%
2023 · €768k
Total assets
€820k▼ 6.9%
2023 · €881k
Net result
€21k▼ 59.1%
2023 · €51k
Working capital
€107k▼ 57.0%
2023 · €249k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€50k▼ 17.5%€52k▲ 5.4%€59k▲ 12.7%€71k▲ 21.2%€41k▼ 42.8%
Net result€37k▲ 0.9%€43k▲ 18.6%€43k▼ 1.3%€51k▲ 19.9%€21k▼ 59.1%
Equity€636k▲ 5.8%€677k▲ 6.6%€719k▲ 6.1%€768k▲ 6.9%€563k▼ 26.8%
Total assets€794k▲ 0.7%€839k▲ 5.7%€846k▲ 0.9%€881k▲ 4.1%€820k▼ 6.9%
Debt€159k▼ 15.8%€162k▲ 1.9%€128k▼ 21.0%€112k▼ 12.0%€257k▲ 129%
Working capital€163k▲ 15.4%€123k▼ 24.7%€191k▲ 55.3%€249k▲ 30.3%€107k▼ 57.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €820k
Fixed assets
€519k ▼ 13.3%
Current assets
€301k ▲ 6.5%
Equity and liabilities €820k
Equity
€563k ▼ 26.8%
Debt
€257k ▲ 129%
Debt's share of the balance-sheet total rises from 12.7% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€120k▼
2023 · €131k
Cash flow
€101k▼
2023 · €111k
Current ratio
1.55▼
2023 · 8.28
Debt to equity
0.46▲
2023 · 0.15
ROE
3.7%▼
2023 · 6.7%
ROA
2.6%▼
2023 · 5.8%
Interest coverage
10.63▼
2023 · 37.62
Debt ≤ 1 year
€194k▲
2023 · €34k
Debt > 1 year
€62k▼
2023 · €78k
Income taxes
€11k▼
2023 · €23k
Staff costs
€2k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €55 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €2k | €2k | €2k | €2k | ▲ 23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €51k | €64k | €60k | €79k | ▲ 33.4% |
| Other operating charges640/8 | - | €16k | €16k | €18k | €19k | ▲ 5.3% |
| Gross operating margin9900 | €116k | €121k | €141k | €151k | €141k | ▼ 6.2% |
| Operating profit (loss)9901 | €50k | €52k | €59k | €71k | €41k | ▼ 42.8% |
| Financial income75/76B | - | €7k | €7k | €7k | €2k | ▼ 69.0% |
| Recurring financial income75 | €5k | €7k | €7k | €7k | €2k | ▼ 69.0% |
| Financial charges65/66B | - | €5k | €4k | €3k | €11k | ▲ 225% |
| Recurring financial charges65 | €5k | €5k | €4k | €3k | €11k | ▲ 225% |
| Profit (loss) for the period before taxes9903 | €50k | €54k | €62k | €75k | €32k | ▼ 57.7% |
| Income taxes67/77 | €13k | €11k | €19k | €23k | €11k | ▼ 54.4% |
| Profit (loss) for the period9904 | €37k | €43k | €43k | €51k | €21k | ▼ 59.1% |
| Profit (loss) for the period to be appropriated9905 | €37k | €43k | €43k | €51k | €21k | ▼ 59.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €794k | €839k | €846k | €881k | €820k | ▼ 6.9% |
| Fixed assets21/28 | €597k | €664k | €622k | €598k | €519k | ▼ 13.3% |
| Tangible fixed assets22/27 | €597k | €664k | €622k | €598k | €519k | ▼ 13.3% |
| Land and buildings22 | - | €347k | €336k | €324k | €312k | ▼ 3.6% |
| Furniture and vehicles24 | - | €12k | €9k | €5k | €1k | ▼ 74.7% |
| Leasing and similar rights25 | - | €153k | €131k | €109k | €88k | ▼ 20.0% |
| Other tangible fixed assets26 | - | €151k | €146k | €160k | €117k | ▼ 26.5% |
| Current assets29/58 | €197k | €175k | €225k | €283k | €301k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €134k | €158k | €125k | €162k | €44k | ▼ 72.9% |
| Trade receivables40 | - | - | - | €2k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €158k | €125k | €160k | €44k | ▼ 72.7% |
| Cash at bank and in hand54/58 | €63k | €17k | €100k | €121k | €257k | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €794k | €839k | €846k | €881k | €820k | ▼ 6.9% |
| Equity10/15 | €636k | €677k | €719k | €768k | €563k | ▼ 26.8% |
| Contributions10/11 | €287k | €287k | €287k | €287k | €62k | ▼ 78.4% |
| Capital10 | - | €287k | €287k | €287k | €62k | ▼ 78.4% |
| Issued capital100 | - | €287k | €287k | €287k | €62k | ▼ 78.4% |
| Reserves13 | €228k | €270k | €311k | €361k | €380k | ▲ 5.4% |
| Non-distributable reserves130/1 | - | €9k | €9k | €9k | €9k | = |
| Legal reserve130 | - | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | - | €260k | €301k | €351k | €370k | ▲ 5.5% |
| Profit (loss) carried forward14 | €120k | €120k | €121k | €121k | €121k | = |
| Amounts payable17/49 | €159k | €162k | €128k | €112k | €257k | ▲ 129% |
| Amounts payable after more than one year17 | €125k | €109k | €94k | €78k | €62k | ▼ 20.0% |
| Financial debts170/4 | - | €109k | €94k | €78k | €62k | ▼ 20.0% |
| Amounts payable within one year42/48 | €34k | €52k | €34k | €34k | €194k | ▲ 468% |
| Current portion of amounts payable after more than one year42 | - | €16k | €16k | €16k | €21k | ▲ 37.4% |
| Trade debts44 | €1k | €22k | €3k | €778 | €1k | ▲ 80.5% |
| Suppliers440/4 | - | €22k | €3k | €778 | €1k | ▲ 80.5% |
| Taxes, remuneration and social security45 | - | €4k | €4k | €5k | €8k | ▲ 63.4% |
| Taxes450/3 | - | €4k | €4k | €5k | €8k | ▲ 63.4% |
| Other amounts payable47/48 | - | €10k | €12k | €13k | €163k | ▲ 1,177% |
| Accrued charges and deferred income492/3 | - | - | - | - | €192 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €43k | €43k | €51k | €21k | ▼ 59.1% |
| + Depreciation and write-downs630 | €49k | €51k | €64k | €60k | €79k | ▲ 33.4% |
| Operating cash flow (approximation) | €86k | €95k | €107k | €111k | €101k | ▼ 9.5% |
| Investment in fixed assets (approximation) | - | €-118k | €-21k | €-36k | €0 | ▲ 100% |
| Change in cash | - | €-46k | €83k | €21k | €136k | ▲ 547% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €21k ▼59.1%
Net result drops to €21k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €51k ▲19.9%
Operating result €71k, net result €51k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, De Panne · 1 establishment unit since 1996
Ground area
1,590 m²
Building footprint
620 m²
Volume, LiDAR
5,808 m³
Parcel 38352E0442/00_000, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Duinkerkelaan 43, 8660 De Panne
since 19962.074.921.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352E0442/00_000 | Flanders | 1,590 m² | 1 · 620 m² | 13.3 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded04-01-1996
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.