LURO
ActiveSummary
LURO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,431 and a net result of -€29,344. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
short-term debt: 0% and cash: 7.5% of total assets, and 0% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-5.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29,344
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
48 d late
2023
133 d late
2022
144 d late
2021
152 d late
2020
136 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 105 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 12 December (4 of the last 5 filed years within 86 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€557,431▼ 5.0%
2024 · €586,776
Total assets
€557,696▼ 5.1%
2024 · €587,757
Net result
-€29,344▼ 2,288%
2024 · -€1,229
Working capital
€226,681▼ 7.5%
2024 · €245,078
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€28,645-€28,317▲ 1.1%-€29,476▼ 4.1%-€20,789▲ 29.5%-€35,800▼ 72.2%
Net result-€11,138-€28,728▼ 158%-€29,107▼ 1.3%-€1,229▲ 95.8%-€29,344▼ 2,288%
Equity€645,840▼ 1.7%€617,112▼ 4.4%€588,004▼ 4.7%€586,776▼ 0.2%€557,431▼ 5.0%
Total assets€651,582▼ 3.2%€618,211▼ 5.1%€588,860▼ 4.7%€587,757▼ 0.2%€557,696▼ 5.1%
Debt€5,743▼ 64.2%€1,099▼ 80.9%€855▼ 22.2%€981▲ 14.7%€265▼ 73.0%
Working capital€254,794▼ 40.3%€244,243▼ 4.1%€235,360▼ 3.6%€245,078▲ 4.1%€226,681▼ 7.5%
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 stays negative: a loss of €35,800 in 2025 against €20,789 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557,696
Fixed assets
€330,751 ▼ 3.2%
Current assets
€226,945 ▼ 7.8%
Equity and liabilities €557,696
Equity
€557,431 ▼ 5.0%
Debt
€265 ▼ 73.0%
Debt's share of the balance-sheet total falls from 0.2% to 0.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€24,853▼
2024 · -€9,843
Cash flow
-€18,398▼
2024 · €9,718
Debt to equity
0.00▼
2024 · 0.00
ROE
-5.3%▼
2024 · -0.2%
ROA
-5.3%▼
2024 · -0.2%
Interest coverage
-96.46▼
2024 · -3.24
Debt ≤ 1 year
€265▼
2024 · €981
Income taxes
€418▲
2024 · €386
A ratio outside any meaningful range has been withheld (balance sheet total €557,696, equity €557,431).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,407 | €19,350 | €19,357 | €10,947 | €10,947 | = |
| Other operating charges640/8 | €655 | €1,822 | €3,711 | €1,953 | €8,426 | ▲ 332% |
| Gross operating margin9900 | -€16,584 | -€7,145 | -€6,408 | -€7,890 | -€16,427 | ▼ 108% |
| Operating profit (loss)9901 | -€28,645 | -€28,317 | -€29,476 | -€20,789 | -€35,800 | ▼ 72.2% |
| Financial income75/76B | €21,414 | €47 | €2,124 | €22,979 | €7,130 | ▼ 69.0% |
| Recurring financial income75 | €21,414 | €47 | €2,124 | €22,979 | €7,130 | ▼ 69.0% |
| Financial charges65/66B | €3,419 | €60 | €1,349 | €3,033 | €258 | ▼ 91.5% |
| Recurring financial charges65 | €3,419 | €60 | €1,349 | €3,033 | €258 | ▼ 91.5% |
| Profit (loss) for the period before taxes9903 | -€10,650 | -€28,330 | -€28,701 | -€843 | -€28,927 | ▼ 3,331% |
| Income taxes67/77 | €488 | €398 | €406 | €386 | €418 | ▲ 8.3% |
| Profit (loss) for the period9904 | -€11,138 | -€28,728 | -€29,107 | -€1,229 | -€29,344 | ▼ 2,288% |
| Profit (loss) for the period to be appropriated9905 | -€11,138 | -€28,728 | -€29,107 | -€1,229 | -€29,344 | ▼ 2,288% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €651,582 | €618,211 | €588,860 | €587,757 | €557,696 | ▼ 5.1% |
| Fixed assets21/28 | €391,046 | €372,868 | €352,644 | €341,697 | €330,751 | ▼ 3.2% |
| Tangible fixed assets22/27 | €390,178 | €372,001 | €352,644 | €341,697 | €330,751 | ▼ 3.2% |
| Land and buildings22 | €363,810 | €355,958 | €346,927 | €337,895 | €328,864 | ▼ 2.7% |
| Plant, machinery and equipment23 | €3,333 | €2,499 | €1,666 | €833 | €0 | ▼ 100% |
| Furniture and vehicles24 | €23,035 | €13,543 | €4,051 | €2,969 | €1,887 | ▼ 36.4% |
| Financial fixed assets28 | €868 | €868 | - | - | - | - |
| Current assets29/58 | €260,537 | €245,342 | €236,216 | €246,060 | €226,945 | ▼ 7.8% |
| Amounts receivable within one year40/41 | €12,707 | €15,312 | €19,870 | €31,215 | €32,681 | ▲ 4.7% |
| Trade receivables40 | €4,703 | €5,143 | €3,080 | - | - | - |
| Other amounts receivable41 | €8,005 | €10,169 | €16,790 | €31,215 | €32,681 | ▲ 4.7% |
| Current investments50/53 | - | €75,109 | €146,293 | €63,427 | €150,399 | ▲ 137% |
| Cash at bank and in hand54/58 | €247,829 | €154,921 | €68,306 | €149,459 | €41,822 | ▼ 72.0% |
| Deferred charges and accrued income490/1 | - | - | €1,747 | €1,959 | €2,043 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €651,582 | €618,211 | €588,860 | €587,757 | €557,696 | ▼ 5.1% |
| Equity10/15 | €645,840 | €617,112 | €588,004 | €586,776 | €557,431 | ▼ 5.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €25,700 | €25,700 | €25,700 | €25,700 | €25,700 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €23,840 | €23,840 | €23,840 | €23,840 | €23,840 | = |
| Profit (loss) carried forward14 | €601,548 | €572,820 | €543,713 | €542,484 | €513,140 | ▼ 5.4% |
| Amounts payable17/49 | €5,743 | €1,099 | €855 | €981 | €265 | ▼ 73.0% |
| Amounts payable within one year42/48 | €5,743 | €1,099 | €855 | €981 | €265 | ▼ 73.0% |
| Trade debts44 | €912 | €701 | €449 | €981 | €189 | ▼ 80.7% |
| Suppliers440/4 | €912 | €701 | €449 | €981 | €189 | ▼ 80.7% |
| Taxes, remuneration and social security45 | €489 | €398 | €406 | - | €76 | - |
| Taxes450/3 | €489 | €398 | €406 | - | €76 | - |
| Other amounts payable47/48 | €4,342 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,138 | -€28,728 | -€29,107 | -€1,229 | -€29,344 | ▼ 2,288% |
| + Depreciation and write-downs630 | €11,407 | €19,350 | €19,357 | €10,947 | €10,947 | = |
| Operating cash flow (approximation) | €269 | -€9,378 | -€9,751 | €9,718 | -€18,398 | ▼ 289% |
| Investment in fixed assets (approximation) | - | -€1,173 | €868 | €0 | €0 | - |
| Change in cash | - | -€92,908 | -€86,615 | €81,153 | -€107,637 | ▼ 233% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€29,344
Net result drops to -€29,344, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 857.95
Current ratio from 250.79 to 857.95; short-term debt falls from €981 to €265.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 133 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
31-12
Financial
Liquidity times 5current ratio 223.22
Current ratio from 45.37 to 223.22; short-term debt falls from €5,743 to €1,099.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 136 days late
2020
31-12
Financial
Highest result since 2018net €41,657 ▲43.2%
Operating result €67,846, net result €41,657, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Liquidity times 13current ratio 26.94
Current ratio from 2.08 to 26.94; short-term debt falls from €165,907 to €11,649.
Show earlier events
31-12
Financial
Equity above €500,000Eq €615,320 ▲24.6%
2 profitable years in a row build equity to €615,320.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 232 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 1 establishment unit since 1996
Ground area
916 m²
Building footprint
712 m²
Volume, LiDAR
13,806 m³
2 parcels, Flanders · tallest building 28.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Hagelandkaai 11, 9000 Gent
since 19962.077.877.481
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2970/00D000 | Flanders | 697 m² | 1 · 493 m² | 28.4 m · 9 fl. |
| 44804D0401/00M000 | Flanders | 219 m² | 1 · 219 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
89450010676N88IOOK80
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-08-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458636982
Also
9925:BE0458636982
Registered
17-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.