LUPHI
Annual accounts 2025
abbreviated format, filed on 27-07-2026, 4 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €63,000. Estimated: probably between €47,000 and €92,000.
Balance sheet
balance sheet total €176,333 on 31-12-2025in euro
in euro
Position in the sector
-51.9%
Lower than 95% of 11,299 companies in 2025.
0.16
Higher than 15% of 10,851 companies in 2025.
3.7%
Higher than 69% of 11,184 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
176,333 | 187,272 | 193,699 | 197,972 | 136,889 | 408,453 | 416,986 | 543,691 | 535,887 | 540,065 | 545,550 | 566,465 | 565,489 | 575,955 | 592,927 | 597,608 | 615,883 | 628,056 | 283,081 | 304,807 | |
20 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
154,555 | 162,820 | 170,903 | 172,733 | 68,190 | 377,899 | 385,868 | 509,819 | 515,707 | 522,982 | 531,203 | 543,070 | 550,034 | 564,834 | 580,287 | 585,300 | 598,735 | 614,663 | 274,975 | 286,176 | |
22/27 |
154,555 | 162,820 | 170,903 | 172,733 | 68,189 | 142,899 | 150,868 | 159,819 | 165,707 | 172,982 | 181,203 | 193,070 | 200,034 | 214,834 | 230,287 | 235,300 | 248,735 | 264,663 | 274,975 | 286,176 | |
22 |
128,512 | 130,672 | 132,832 | 134,992 | 56,495 | 63,932 | 63,932 | 64,577 | 65,223 | 65,868 | 66,514 | 70,587 | 69,456 | 76,132 | 82,810 | 86,563 | 90,797 | 97,474 | 104,151 | 110,827 | |
23 |
20,987 | 24,736 | 28,482 | 25,907 | 10,810 | 14,727 | 19,638 | 24,579 | 27,856 | 31,511 | 36,111 | 40,930 | 46,050 | 51,199 | 56,999 | 55,284 | 61,510 | 67,786 | 68,446 | 69,996 | |
24 |
1,974 | 1,580 | 1,006 | 501 | 884 | 537 | 620 | 1,010 | - | - | - | - | - | - | - | - | - | - | - | - | |
25 |
3,082 | 5,832 | 8,583 | 11,333 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | 63,703 | 66,678 | 69,653 | 72,628 | 75,603 | 78,578 | 81,553 | 84,528 | 87,503 | 90,478 | 93,453 | 96,428 | 99,403 | 102,378 | 105,353 | |
28 |
- | - | - | 0 | 1 | 235,000 | 235,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | - | - | |
29/58 |
21,779 | 24,452 | 22,796 | 25,239 | 68,699 | 30,554 | 31,118 | 33,872 | 20,180 | 17,083 | 14,347 | 23,395 | 15,455 | 11,121 | 12,640 | 12,308 | 17,148 | 13,393 | 8,106 | 18,631 | |
40/41 |
14,340 | 17,391 | 20,311 | 20,034 | 23,183 | 24,219 | 18,545 | 10,459 | 6,170 | 12,144 | 6,850 | 5,865 | 8,013 | 5,695 | 5,853 | 1,690 | 3,143 | 3,702 | 2,072 | 4,341 | |
40 |
14,257 | 17,391 | 20,311 | 20,034 | 22,320 | 24,219 | 18,437 | 8,525 | 6,170 | 11,810 | 6,850 | 5,865 | 8,013 | 5,695 | 5,853 | 1,300 | 3,143 | 3,702 | 1,733 | 3,917 | |
41 |
83 | - | - | - | 863 | - | 108 | 1,934 | - | 334 | - | - | - | - | - | 390 | - | - | 339 | 424 | |
54/58 |
1,583 | 6,814 | 950 | 3,803 | 43,443 | 5,121 | 11,291 | 22,221 | 12,850 | 3,817 | 6,405 | 17,530 | 7,442 | 5,426 | 6,043 | 10,618 | 14,005 | 9,691 | 6,034 | 14,290 | |
490/1 |
5,856 | 247 | 1,535 | 1,402 | 2,073 | 1,214 | 1,282 | 1,192 | 1,160 | 1,122 | 1,092 | - | - | - | 744 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
176,333 | 187,272 | 193,699 | 197,972 | 136,889 | 408,453 | 416,986 | 543,691 | 535,887 | 540,065 | 545,550 | 566,465 | 565,489 | 575,955 | 592,927 | 597,608 | 615,883 | 628,056 | 283,081 | 304,807 | |
10/15 |
-91,561 | -98,138 | -113,739 | -115,236 | -103,929 | 104,608 | 99,223 | 198,008 | 162,001 | 167,094 | 154,897 | 154,869 | 136,870 | 121,967 | 108,199 | 98,809 | 83,161 | 73,830 | 72,267 | 72,836 | |
10/11 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | |
10 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | 99,157 | |
13 |
27,373 | 27,373 | 27,373 | 27,373 | 6,701 | 6,701 | 6,701 | 4,901 | 4,901 | 4,291 | 4,289 | 3,389 | 2,644 | 1,956 | 1,486 | 704 | 704 | 626 | 626 | 520 | |
130/1 |
6,701 | 6,701 | 6,701 | 6,701 | 6,701 | 6,701 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,701 | 6,701 | 6,701 | 6,701 | 6,701 | 6,701 | 6,701 | 4,901 | 4,901 | 4,291 | 4,289 | 3,389 | 2,644 | 1,956 | 1,486 | 704 | 704 | 626 | 626 | 520 | |
132 |
20,672 | 20,672 | 20,672 | 20,672 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-181,435 | -188,011 | -203,612 | -205,109 | -173,130 | -1,250 | -6,635 | 93,950 | 57,943 | 63,646 | 51,451 | 52,323 | 35,069 | 20,854 | 7,556 | -1,052 | -16,700 | -25,953 | -27,516 | -26,841 | |
16 |
6,064 | 6,271 | 6,477 | 6,684 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
6,064 | 6,271 | 6,477 | 6,684 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
261,831 | 279,139 | 300,961 | 306,524 | 240,818 | 303,845 | 317,763 | 345,683 | 373,886 | 372,971 | 390,653 | 411,596 | 428,619 | 453,988 | 484,728 | 498,799 | 532,722 | 554,226 | 210,814 | 231,971 | |
17 |
123,532 | 154,022 | 184,014 | 213,516 | 165,436 | 189,371 | 201,196 | 224,565 | 247,565 | 236,885 | 252,298 | 266,910 | 280,762 | 295,602 | 317,894 | 338,885 | 358,652 | 387,324 | 44,801 | 51,780 | |
170/4 |
123,532 | 154,022 | 184,014 | 213,516 | 165,236 | 189,171 | 200,996 | 224,365 | 247,365 | 236,885 | 252,298 | 266,910 | 280,762 | 295,602 | 317,894 | 338,885 | 358,652 | 387,324 | 44,801 | 51,780 | |
178/9 |
- | - | - | - | 200 | 200 | 200 | 200 | 200 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
137,391 | 118,341 | 116,558 | 92,635 | 32,804 | 49,965 | 49,571 | 51,087 | 53,439 | 57,808 | 59,485 | 62,847 | 59,475 | 70,606 | 76,087 | 66,460 | 77,642 | 67,499 | 63,635 | 74,838 | |
42 |
30,490 | 29,992 | 29,502 | 29,020 | 23,935 | 23,556 | 23,369 | 22,999 | 22,635 | 15,413 | 14,612 | 13,852 | 14,840 | 22,292 | 25,320 | 19,767 | 18,616 | 7,476 | 6,979 | 6,516 | |
43 |
77,804 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
77,804 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
17,955 | 11,710 | 10,900 | 6,976 | 4,169 | 16,652 | 14,908 | 16,640 | 17,651 | 18,695 | 11,379 | 9,396 | 4,163 | 7,650 | 9,299 | 4,713 | 9,059 | 11,710 | 10,258 | 5,114 | |
440/4 |
17,955 | 11,710 | 10,900 | 6,976 | 4,169 | 16,652 | 14,908 | 16,640 | 17,651 | 18,695 | 11,379 | 9,396 | 4,163 | 7,650 | 9,299 | 4,713 | 9,059 | 11,710 | 10,258 | 5,114 | |
46 |
- | - | - | 200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
11,141 | 516 | 242 | 3,069 | - | 1,956 | - | - | 1,261 | - | 1,773 | 1,234 | 1,079 | 846 | 1,616 | - | 5,790 | 682 | - | - | |
450/3 |
11,141 | 516 | 242 | 3,069 | - | 1,956 | - | - | 1,261 | - | 1,773 | 1,234 | 1,079 | 846 | 1,616 | - | 5,790 | 682 | - | - | |
47/48 |
- | 76,123 | 75,914 | 53,370 | 4,700 | 7,801 | 11,294 | 11,448 | 11,892 | 23,700 | 31,721 | 38,365 | 39,393 | 39,818 | 39,852 | 41,980 | 44,177 | 47,631 | 46,398 | 63,208 | |
492/3 |
908 | 6,776 | 389 | 373 | 42,578 | 64,509 | 66,996 | 70,031 | 72,882 | 78,278 | 78,870 | 81,839 | 88,382 | 87,780 | 90,747 | 93,454 | 96,428 | 99,403 | 102,378 | 105,353 | |
| Income statement | |||||||||||||||||||||
9900 |
38,758 | 38,712 | 40,773 | 18,895 | 47,444 | 34,696 | 36,275 | 51,913 | 46,964 | 36,564 | 42,573 | 45,980 | 48,398 | 51,357 | 49,468 | 53,338 | 51,390 | 23,888 | 24,129 | 23,975 | |
630 |
9,118 | 9,276 | 12,073 | 10,112 | 5,528 | 5,439 | 5,977 | 5,510 | 5,301 | 5,246 | 8,892 | 3,989 | 11,825 | 12,701 | 10,035 | 12,445 | 14,599 | 14,901 | 14,413 | 13,682 | |
640/8 |
7,555 | 8,376 | 12,415 | 11,109 | 1,984 | 18,483 | 8,980 | 6,102 | 5,557 | 4,982 | 6,081 | 4,551 | 4,967 | 5,086 | 5,348 | 4,915 | 4,880 | 3,852 | 6,395 | 3,708 | |
66A |
513 | - | - | - | - | 1,752 | 115,000 | - | - | - | - | - | - | - | - | - | - | - | - | 207 | |
9901 |
21,571 | 21,060 | 16,285 | -2,326 | 39,932 | 9,022 | 21,318 | 40,301 | 36,106 | 26,336 | 27,600 | 37,440 | 31,606 | 33,570 | 34,085 | 35,978 | 31,911 | 5,135 | 3,321 | 6,585 | |
75/76B |
1,232 | 4 | - | 2,546 | 35,000 | - | - | - | 6 | 1 | 6 | 6 | 13 | 10 | 20 | 34 | 21 | 10 | 21 | 16 | |
75 |
1,232 | 4 | - | - | - | - | - | - | 6 | 1 | 6 | 6 | 13 | 10 | 20 | 34 | 21 | 10 | 21 | 16 | |
76B |
- | - | - | 2,546 | 35,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
4,233 | 3,780 | 4,298 | 4,297 | 238,501 | 3,637 | 118,917 | 4,294 | 32,624 | 14,140 | 14,834 | 15,556 | 16,716 | 18,004 | 19,280 | 20,364 | 22,601 | 3,529 | 3,915 | 4,297 | |
65 |
4,233 | 3,780 | 4,298 | 4,296 | 3,502 | 3,637 | 3,917 | 4,294 | 32,624 | 14,140 | 14,834 | 15,556 | 16,716 | 18,004 | 19,280 | 20,364 | 22,601 | 3,529 | 3,915 | 4,297 | |
66B |
- | - | - | 1 | 234,999 | - | 115,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
18,570 | 17,284 | 11,987 | -4,077 | -163,569 | 5,385 | -97,599 | 36,007 | 3,488 | 12,197 | 12,772 | 21,890 | 14,903 | 15,576 | 14,825 | 15,648 | 9,331 | 1,616 | -573 | 2,097 | |
780 |
207 | 207 | 207 | 207 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
12,200 | 1,890 | 10,697 | - | 8,311 | - | 1,186 | - | 8,581 | - | 12,744 | 3,891 | - | 1,808 | 5,435 | - | - | 53 | -4 | -10 | |
9904 |
6,576 | 15,601 | 1,497 | -3,870 | -171,880 | 5,385 | -98,785 | 36,007 | -5,093 | 12,197 | 28 | 17,999 | 14,903 | 13,768 | 9,390 | 15,648 | 9,331 | 1,563 | -569 | 2,107 | |
789 |
- | - | - | 6,891 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
6,576 | 15,601 | 1,497 | 3,021 | -171,880 | 5,385 | -98,785 | 36,007 | -5,093 | 12,197 | 28 | 17,999 | 14,903 | 13,768 | 9,390 | 15,648 | 9,331 | 1,563 | -569 | 2,107 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-181,435 | -188,011 | -203,612 | -205,109 | -173,130 | -1,250 | -4,835 | 93,950 | 58,553 | 63,648 | 52,351 | 53,068 | 35,757 | 21,324 | 8,338 | -1,052 | -16,622 | -25,953 | -27,410 | -26,841 | |
14P |
-188,011 | -203,612 | -205,109 | -208,130 | -1,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,800 | - | 610 | 2 | 900 | 745 | 688 | 470 | 782 | - | 78 | - | 106 | - | |
6920 |
- | - | - | - | - | - | 1,800 | - | 610 | 2 | 900 | 745 | 688 | 470 | 782 | - | 78 | - | 106 | - | |
| Document | |||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-07-2026 | 2026-00333785 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00228731 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00384448 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00370669 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20327296 | |
| 31-12-2020 | micro format | 29-08-2021 | 2021-59600253 | |
| 31-12-2019 | full format | 27-09-2020 | 2020-57000596 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-54800325 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-57200128 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-55700243 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-54600181 | |
| 31-12-2014 | full format | 26-07-2015 | 2015-35600341 | |
| 31-12-2013 | full format | 16-07-2014 | 2014-32200311 | |
| 31-12-2012 | full format | 14-08-2013 | 2013-42600138 | |
| 31-12-2011 | full format | 20-07-2012 | 2012-33100433 | |
| 31-12-2010 | full format | 18-08-2011 | 2011-42000581 | |
| 31-12-2009 | full format | 20-07-2010 | 2010-32400099 | |
| 31-12-2008 | full format | 13-07-2009 | 2009-41900149 | |
| 31-12-2007 | full format | 01-07-2008 | 2008-34200350 | |
| 31-12-2006 | full format | 23-07-2007 | 2007-44800318 | |
| 31-12-2005 | full format | 20-07-2006 | 2006-50803554 | |
| 31-12-2004 | full format | 18-07-2005 | 2005-51201995 | |
| 31-12-2003 | full format | 04-10-2004 | 2004-70705053 | |
| 31-12-2002 | full format | 26-09-2003 | 2003-69504851 | |
| 31-12-2001 | full format | 29-11-2002 | 2002-74403633 | |
| 31-12-2000 | full format | 28-09-2001 | 2001-60202414 | |
| 31-12-1999 | full format | 04-10-2000 | 2000-61602496 | |
| 31-12-1998 | full format | 26-10-1999 | 1999-55200584 | |
| 31-12-1997 | full format | 13-10-1998 | 1998-53003671 | |
| 31-12-1996 | full format | 30-09-1997 | 1997-46404840 | |
| 31-12-1995 | full format | 23-10-1996 | 1996-48704390 | |
| 31-12-1994 | full format | 10-10-1995 | 1995-53403625 | |
| 31-12-1993 | full format | 09-11-1994 | 1994-46503515 | |
| 31-12-1992 | full format | 13-10-1993 | 1993-39901046 | |
| 31-12-1991 | full format | 16-12-1992 | 1992-40700928 | |
| 31-12-1990 | full format | 26-11-1991 | 1991-31205077 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30,690 | 30,336 | 28,358 | 7,786 | 45,460 | 14,461 | 27,295 | 45,811 | 41,407 | 31,582 | 36,492 | 41,429 | 43,431 | 46,271 | 44,120 | 48,423 | 46,510 | 20,036 | 17,734 | 20,267 | ||
| 15,695 | 24,877 | 13,570 | 6,242 | -166,352 | 10,824 | -92,808 | 41,517 | 208 | 17,443 | 8,920 | 21,988 | 26,728 | 26,469 | 19,425 | 28,093 | 23,930 | 16,464 | 13,844 | 15,789 | ||
| 1,366 | 1,193 | 10,243 | 114,656 | 1,958 | 444 | -117,974 | 2,597 | -1,974 | -2,975 | -2,975 | -2,975 | -2,975 | 223 | 7,997 | 1,985 | 1,646 | 354,589 | 3,212 | 800 | ||
| -5,231 | 5,864 | -2,853 | -39,640 | 38,322 | -6,170 | -10,930 | 9,371 | 9,033 | -2,588 | -11,125 | 10,088 | 2,016 | -617 | -4,575 | -3,387 | 4,314 | 3,657 | -8,256 | - | ||
| -115,612 | -93,889 | -93,762 | -67,396 | 35,895 | -19,411 | -18,453 | -17,215 | -33,259 | -40,725 | -45,138 | -39,452 | -44,020 | -59,485 | -63,447 | -54,152 | -60,494 | -54,106 | -55,529 | -56,207 | ||
| -51.9% | -52.4% | -58.7% | -58.2% | -75.9% | 25.6% | 23.8% | 36.4% | 30.2% | 30.9% | 28.4% | 27.3% | 24.2% | 21.2% | 18.2% | 16.5% | 13.5% | 11.8% | 25.5% | 23.9% | ||
| 0.16 | 0.21 | 0.20 | 0.27 | 2.09 | 0.61 | 0.63 | 0.66 | 0.38 | 0.30 | 0.24 | 0.37 | 0.26 | 0.16 | 0.17 | 0.19 | 0.22 | 0.20 | 0.13 | 0.25 | ||
| - | - | - | - | - | 2.90 | 3.20 | 1.75 | 2.31 | 2.23 | 2.52 | 2.66 | 3.13 | 3.72 | 4.48 | 5.05 | 6.41 | 7.51 | 2.92 | 3.18 | ||
| - | - | - | - | - | 5.1% | -99.6% | 18.2% | -3.1% | 7.3% | 0.0% | 11.6% | 10.9% | 11.3% | 8.7% | 15.8% | 11.2% | 2.1% | -0.8% | 2.9% | ||
| 3.7% | 8.3% | 0.8% | -2.0% | -125.6% | 1.3% | -23.7% | 6.6% | -1.0% | 2.3% | 0.0% | 3.2% | 2.6% | 2.4% | 1.6% | 2.6% | 1.5% | 0.2% | -0.2% | 0.7% | ||
| 7.25 | 8.03 | 6.60 | 1.81 | 12.98 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,366 | €1,193 | €10,243 | €114,656 | €1,958 |
| €9,118 | €9,276 | €12,073 | €10,112 | €5,528 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on LUPHI
The operating result for 2025 is 2% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Equity is negative. Debt (€261,831) exceeds the balance-sheet total (€176,333).