LUPKES
ActiveSummary
LUPKES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248k and a net result of €-38k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 69% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-31
Solvency80▼-2
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.27 in 2024; short-term debt: 41.8% and cash: 2.4% of total assets), and 44.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
41 d late
2023
31 d late
2022
32 d late
2021
2 d early
2020
13 d late
2019
17 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€248k▼ 13.3%
2024 · €286k
2018: €276k
2019: €293k
2020: €279k
2021: €288k
2022: €284k
2023: €285k
2024: €286k
2018 → 2025
Total assets
€448k▼ 11.1%
2024 · €504k
2018: €639k
2019: €600k
2020: €561k
2021: €548k
2022: €536k
2023: €519k
2024: €504k
2018 → 2025
Net result
€-38k
2024 · €764
2018: €-24k
2019: €18k
2020: €-14k
2021: €277
2022: €-4k
2023: €2k
2024: €764
2018 → 2025
Working capital
€-168k▼ 14.4%
2024 · €-147k
2018: €-299k
2019: €-247k
2020: €-225k
2021: €-215k
2022: €-194k
2023: €-160k
2024: €-147k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€288k-€284k▼ 1.4%€285k▲ 0.5%€286k▲ 0.3%€248k▼ 13.3%
Operating result€12k-€7k▼ 40.4%€15k▲ 122%€18k▲ 17.4%€-24k
Net result€277-€-4k€2k€764▼ 50.8%€-38k
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 turns negative in 2025: a loss of €24k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €448k
Fixed assets
€429k ▼ 4.4%
Current assets
€19k ▼ 65.4%
Equity and liabilities €448k
Equity
€248k ▼ 13.3%
Debt
€200k ▼ 8.2%
Debt's share of the balance-sheet total rises from 43.3% to 44.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▼
2024 · €38k
Cash flow
€-18k▼
2024 · €20k
Current ratio
0.10▼
2024 · 0.27
Debt to equity
0.81▲
2024 · 0.76
ROE
-15.3%▼
2024 · 0.3%
ROA
-8.5%▼
2024 · 0.2%
Interest coverage
-0.37▼
2024 · 2.39
Debt ≤ 1 year
€187k▼
2024 · €202k
Income taxes
€505▼
2024 · €2k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€504k€448k▼
Fixed assets21/28€449k€429k▼
Tangible fixed assets22/27€449k€429k▼
Land and buildings22€447k€428k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€2k€1k▼
Current assets29/58€55k€19k▼
Amounts receivable within one year40/41€1k€6k▲
Trade receivables40€1k€6k▲
Other amounts receivable41€37€378▲
Cash at bank and in hand54/58€52k€11k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€504k€448k▼
Equity10/15€286k€248k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€297k€186k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k-
Reserves not available under the articles1311-€6k
Distributable reserves133€291k€180k▼
Profit (loss) carried forward14€-73k€0▲
Amounts payable17/49€218k€200k▼
Amounts payable within one year42/48€202k€187k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€196k€179k▼
Accrued charges and deferred income492/3€16k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€40k€-3k▼
Operating profit (loss)9901€18k€-24k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€16k€13k▼
Recurring financial charges65€16k€13k▼
Profit (loss) for the period before taxes9903€2k€-37k▼
Income taxes67/77€2k€505▼
Profit (loss) for the period9904€764€-38k▼
Profit (loss) for the period to be appropriated9905€764€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-111k▼
Profit (loss) brought forward from the previous period14P€-74k€-73k▲
Transfer from equity791/2-€111k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-38k ▼5073%
Net result drops to €-38k, the lowest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €277
Net result €277 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Machelen (Brab.) · 1 establishment unit 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.
Adolf Denonstraat 31831 Machelen (Brab.)Ground area
142 m²
Building footprint
67 m²
Volume, LiDAR
517 m³
Parcel 23015C0363/00W006, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LUPKES
since 20032.134.490.641
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0363/00W006 | Flanders | 142 m² | 1 · 67 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MONTROIG
BE 0477.742.816
Dalhem · Eq €248,099
KIBEKA
BE 0451.522.726
Keerbergen · Eq €247,941
AM@HOME
BE 0541.483.692
Heist-op-den-Berg · Eq €248,121
HERMANIA
BE 0824.633.919
Genk · Eq €248,144
ODEMA
BE 0877.380.539
Villers-la-Ville · Eq €247,412
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,854 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 formPublic limited company
Founded03-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.