LUPUS BELGIUM
ActiveLUPUS BELGIUM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4k and a net result of €-2k. Equity is shrinking by ~18.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 36% of 7980 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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 · 5 filingsDeviation from the deadline
2025
35 d late
2024
57 d late
2023
113 d late
2022
122 d late
2021
54 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 38.9%
2024 · €6k
2021: €12k
2022: €13k
2023: €14k
2024: €6k
2021 → 2025
Net result
€-2k▲ 67.9%
2024 · €-8k
2021: €2k
2022: €844
2023: €634
2024: €-8k
2021 → 2025
Total assets
€11k▲ 31.5%
2024 · €9k
2021: €38k
2022: €33k
2023: €50k
2024: €9k
2021 → 2025
Solvency
33.6%▼ 38.7pp
2024 · 72.3%
2021: 32.3%
2022: 39.2%
2023: 27.6%
2024: 72.3%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€13k▲ 6.9%€14k▲ 4.8%€6k▼ 54.8%€4k▼ 38.9%
Operating result€2k-€1k▼ 33.7%€3k▲ 127%€-7k€-2k▲ 68.1%
Net result€2k-€844▼ 62.7%€634▼ 24.9%€-8k€-2k▲ 67.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €11k
Equity
€4k▼ 38.9%
Debt
€8k▲ 215%
The debt ratio rises from 27.7% to 66.4%: debt grows while equity shrinks.
Key figures and ratios
Solvency
33.6%▼
2024 · 72.3%
ROE
-63.5%▲
2024 · -121.0%
ROA
-21.4%▲
2024 · -87.5%
Debt
€8k▲
2024 · €2k
Debt ≤ 1 year
€8k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9k€11k▲
Current assets29/58€9k€11k▲
Amounts receivable within one year40/41€9k€9k=
Trade receivables40€5k€5k=
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58-€3k
Equity and liabilities
Total equity and liabilities10/49€9k€11k▲
Equity10/15€6k€4k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-4k€-6k▼
Amounts payable17/49€2k€8k▲
Amounts payable within one year42/48€2k€8k▲
Trade debts44-€2k
Suppliers440/4-€2k
Other amounts payable47/48€2k€5k▲
Income statement
Code20242025
Other operating charges640/8€50€520▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€-6k€-2k▲
Operating profit (loss)9901€-7k€-2k▲
Financial charges65/66B€492€171▼
Recurring financial charges65€492€171▼
Profit (loss) for the period before taxes9903€-8k€-2k▲
Profit (loss) for the period9904€-8k€-2k▲
Profit (loss) for the period to be appropriated9905€-8k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-6k▼
Profit (loss) brought forward from the previous period14P€4k€-4k▼
The notes to these accounts (1 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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €-8k ▼1286%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.61
Current ratio from 1.15 to 3.61; short-term debt falls from €36k to €2k.
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 113 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Turnhout · 1 establishment unit since 2020
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.
Parklaan 462300 TurnhoutGround area
2,736 m²
Building footprint
1,245 m²
Volume, LiDAR
13,717 m³
Parcel 13453O0314/00A000, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LUPUS BELGIUM
since 20202.303.478.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0314/00A000 | Flanders | 2,736 m² | 1 · 1,244 m² | 15.0 m · 4 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.
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Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 2,671 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2020
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.