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LUPAJE

Active
Public limited companyfounded 199531 yrs activeKoning Albertstraat 210, 1760 Roosdaal, BelgiumKBO/BCE: BE 0455.687.291
Summary

LUPAJE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€44,790) and a net result of €5,612. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 5% of 9042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisWatch ReportCompare
LUPAJEActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Insulation installation
NACE 43230NACE 43291NACE 45320
1 site
Size
€80,783total assets 2025
Equity
-€44,790
Profit
€5,612
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
1.2%
Structure
Accounts filed 61 d late0 of 9 deeds read
Why 54Capped at 59: negative equity- Negative equity -€44,790- Latest accounts 61 days late; 3 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Founded in 1995Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -55.4% of total assets
Liquidity 29-10
short-term debt 155.4% · cash 23.3%
Profitability 77+77
return on assets 6.9%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● 0.0% vs 11-2024 01-2025: 1.0%▼ -4.6% vs 12-2024 02-2025: 1.0%● 0.0% vs 01-2025 03-2025: 0.9%▼ -1.4% vs 02-2025 04-2025: 0.9%▲ +0.2% vs 03-2025 05-2025: 0.9%▼ -1.3% vs 04-2025 06-2025: 0.9%▼ -4.3% vs 05-2025lowest value 07-2025: 0.9%▲ +2.9% vs 06-2025 08-2025: 1.2%▲ +32.0% vs 07-2025 09-2025: 1.4%▲ +14.5% vs 08-2025 10-2025: 2.3%▲ +67.1% vs 09-2025 11-2025: 2.3%● 0.0% vs 10-2025 12-2025: 2.3%● 0.0% vs 11-2025 01-2026: 2.3%▼ -0.9% vs 12-2025 02-2026: 2.3%▼ -1.7% vs 01-2026 03-2026: 2.2%▼ -2.8% vs 02-2026 04-2026: 2.2%● 0.0% vs 03-2026 05-2026: 2.0%▼ -7.1% vs 04-2026 06-2026: 2.0%▼ -3.1% vs 05-2026 07-2026: 2.1%▲ +8.1% vs 06-2026 08-2026: 2.4%▲ +11.2% vs 07-2026 09-2026: 2.4%▲ +0.8% vs 08-2026highest value 10-2026: 1.2%▼ -50.3% vs 09-2026
  • Negative equity -€44,790 raises the probability
  • Latest accounts 61 days late; 3 of the last 3 late raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 1995 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.35 against 0.56 in 2024; short-term debt: 155.4% and cash: 23.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 18%, profitability 54%, growth against the median 57%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€44,790
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 61 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1995
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9042 sector peers (2025).
NBB · sector comparison
Position among 9042 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
61 d late
2024
52 d late
2023
68 d late
2022
31 d late
2021
9 d early
2020
54 d early
2019
102 d late
← 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 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 21 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €5,612
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€44,790 View
  • Caution: Among the weakest 5% on solvencysector median 44.2% · 9,042 companies -55.4% View
  • Caution: Latest accounts filed lateafter the legal deadline 61 d View

By topic

Financials

Fiscal year
2025
Total assets
€80,783
Profit
€5,612
Solvency
-55.4%
Total assets▼ 19.7%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 30-09-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 21-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Insulation installationNACE 43230
Founded
03-08-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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