Lupa
ActiveSummary
The computed 12-month bankruptcy probability of Lupa is 2.0% (moderate). The 2024 annual accounts show equity of €241k and a net result of €254k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 11% of 7445 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+24
Solvency35▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.95 in 2023; short-term debt: 80.6% and cash: 15.6% of total assets), and 90.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
42 d early
2022
31 d early
2021
32 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€241k▲ 6.2%
2023 · €227k
2018: €69k
2019: €50k
2020: €89k
2021: €174k
2022: €215k
2023: €227k
2018 → 2024
Total assets
€2.44M▲ 29.2%
2023 · €1.88M
2018: €1.09M
2019: €1.27M
2020: €1.72M
2021: €2.12M
2022: €2.39M
2023: €1.88M
2018 → 2024
Net result
€254k▲ 1,967%
2023 · €12k
2018: €17k
2019: €-19k
2020: €39k
2021: €85k
2022: €41k
2023: €12k
2018 → 2024
Working capital
€-212k▼ 180%
2023 · €-76k
2018: €-58k
2019: €-68k
2020: €2k
2021: €-3k
2022: €-97k
2023: €-76k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€89k-€174k▲ 95.6%€215k▲ 23.7%€227k▲ 5.7%€241k▲ 6.2%
Operating result€-63k-€3k€-43k€-64k▼ 50.7%€270k
Net result€39k-€85k▲ 118%€41k▼ 51.4%€12k▼ 70.2%€254k▲ 1,967%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €270k after a loss of €64k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.44M
Fixed assets
€685k ▲ 73.9%
Current assets
€1.75M ▲ 17.4%
Equity and liabilities €2.44M
Equity
€241k ▲ 6.2%
Debt
€2.19M ▲ 32.4%
Debt's share of the balance-sheet total rises from 87.9% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€411k▲
2023 · €62k
Cash flow
€395k▲
2023 · €139k
Current ratio
0.89▼
2023 · 0.95
Quick ratio
0.81▲
2023 · 0.81
Debt to equity
9.09▲
2023 · 7.29
ROE
105.2%▲
2023 · 5.4%
ROA
10.4%▲
2023 · 0.7%
Interest coverage
19.01▲
2023 · 4.57
Debt ≤ 1 year
€1.96M▲
2023 · €1.57M
Debt > 1 year
€232k▲
2023 · €91k
Income taxes
€105k▲
2023 · €24k
Staff costs
€1.54M▼
2023 · €1.83M
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.88M€2.44M▲
Fixed assets21/28€394k€685k▲
Tangible fixed assets22/27€393k€683k▲
Plant, machinery and equipment23€16k€14k▼
Furniture and vehicles24€227k€528k▲
Other tangible fixed assets26€149k€142k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.49M€1.75M▲
Stocks and contracts in progress3€223k€157k▼
Stocks30/36€223k€157k▼
Amounts receivable within one year40/41€984k€1.00M▲
Trade receivables40€762k€761k▼
Other amounts receivable41€222k€244k▲
Current investments50/53-€150k
Cash at bank and in hand54/58€240k€380k▲
Deferred charges and accrued income490/1€44k€60k▲
Equity and liabilities
Total equity and liabilities10/49€1.88M€2.44M▲
Equity10/15€227k€241k▲
Contributions10/11€28k€25k▼
Reserves13€0€3k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133-€3k
Profit (loss) carried forward14€200k€214k▲
Amounts payable17/49€1.66M€2.19M▲
Amounts payable after more than one year17€91k€232k▲
Financial debts170/4€91k€232k▲
Amounts payable within one year42/48€1.57M€1.96M▲
Current portion of amounts payable after more than one year42€90k€118k▲
Financial debts43€8k€9k▲
Credit institutions430/8€8k€9k▲
Trade debts44€220k€503k▲
Suppliers440/4€220k€503k▲
Advances received on contracts in progress46€1.03M€956k▼
Taxes, remuneration and social security45€215k€134k▼
Taxes450/3€27k€23k▼
Remuneration and social security454/9€188k€111k▼
Other amounts payable47/48-€244k
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.83M€1.54M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127k€141k▲
Other operating charges640/8€26k€45k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.92M€2.00M▲
Operating profit (loss)9901€-64k€270k▲
Financial income75/76B€114k€110k▼
Recurring financial income75€114k€110k▼
Financial charges65/66B€14k€22k▲
Recurring financial charges65€14k€22k▲
Profit (loss) for the period before taxes9903€36k€359k▲
Income taxes67/77€24k€105k▲
Profit (loss) for the period9904€12k€254k▲
Profit (loss) for the period to be appropriated9905€12k€254k▲
Appropriation of the result
Profit (loss) to be appropriated9906€200k€454k▲
Profit (loss) brought forward from the previous period14P€188k€200k▲
Profit to be distributed694/7-€240k
Return on contributions (dividend)694-€240k
Social balance
Average headcount (FTE)908729.625.4▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €254k ▲1967%
Operating result €270k, net result €254k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €215k ▲23.7%
3 profitable years in a row build equity to €215k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €174k ▲95.6%
2 profitable years in a row build equity to €174k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-19k ▼211%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Genk · 6 establishment units since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hasseltweg 843600 GenkGround area
2.4 ha
Building footprint
6,158 m²
Volume, LiDAR
48,621 m³
6 parcels, Flanders · tallest building 27.0 m, ±3 floors. Linked by address, not a title deed.
6 establishment units
LUPA
since 20032.132.931.614
KwadrO Diest
since 20112.300.538.805
KwadrO Tongeren
since 20132.300.539.102
KwadrO Sint Truiden
since 20192.300.539.595
KwadrO Bree
since 20202.300.539.793
Lupa
since 20232.346.924.995
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0966/00A000 | Flanders | 1.5 ha | 1 · 3,243 m² | 20.2 m · 3 fl. |
| 24120E0126/00D003 | Flanders | 2,899 m² | 1 · 1,279 m² | 26.9 m · 2 fl. |
| 71306G0035/00X079 | Flanders | 2,067 m² | 1 · 584 m² | 9.6 m |
| 72004B0262/00Y003 | Flanders | 1,566 m² | 1 · 605 m² | 16.3 m · 3 fl. |
| 73348B0796/00P000 | Flanders | 1,288 m² | 1 · 340 m² | 9.2 m · 2 fl. |
| 71352D0754/00K000 | Flanders | 478 m² | 1 · 106 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,363 EUR awarded · 3,784 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,209 EUR | 1,086 EUR |
| 2024 | 1 | 354 EUR | 761 EUR |
| 2023 | 1 | 1,800 EUR | 1,937 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesLupa BV43698
Dual-learning approval
3 live approvalsBuitenschrijnwerker aluminium/metaal duaal (so)
Buitenschrijnwerker hout duaal (so)
Buitenschrijnwerker kunststoffen/PVC duaal (so)
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BE 0464.086.107
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Goderis-Seys
BE 0648.830.030
Koksijde · Eq €241,178
HUYBRECHTS HEKWERKEN
BE 0476.853.384
Kasterlee · Eq €241,665
WERBROUCK ALU-PVC
BE 0880.138.804
Izegem · Eq €241,728
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.