LURO PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of LURO PROJECTS is 2.7% (moderate). The 2025 annual accounts show equity of €14,984 and a net result of -€10,515. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 28254 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability50=
Solvency82▼-17
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.36 in 2024; short-term debt: 43.3% and cash: 23.2% of total assets), and 43.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.7%
Return on assets
-39.8%
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
202122232425
2020 to 2025 · latest year -€10,515
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
2 d early
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€14,984▼ 41.2%
2024 · €25,499
Total assets
€26,413▼ 23.1%
2024 · €34,349
Net result
-€10,515▼ 2.9%
2024 · -€10,222
Working capital
€6,620▲ 106%
2024 · €3,220
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,825▼ 56.7%€3,559▼ 69.9%€9,445▲ 165%-€9,688-€9,873▼ 1.9%
Net result€6,530within the sector's middle half▼ 66.9%€169below the sector's middle half▼ 97.4%€4,286within the sector's middle half▲ 2,432%-€10,222below the sector's middle half-€10,515below the sector's middle half▼ 2.9%
Equity€31,265within the sector's middle half▲ 26.4%€31,435within the sector's middle half▲ 0.5%€35,721within the sector's middle half▲ 13.6%€25,499within the sector's middle half▼ 28.6%€14,984below the sector's middle half▼ 41.2%
Total assets€83,372within the sector's middle half▲ 151%€60,957below the sector's middle half▼ 26.9%€49,026below the sector's middle half▼ 19.6%€34,349below the sector's middle half▼ 29.9%€26,413below the sector's middle half▼ 23.1%
Debt€52,106▲ 513%€29,522▼ 43.3%€13,305▼ 54.9%€8,850▼ 33.5%€11,429▲ 29.1%
Working capital-€14,488below the sector's middle half-€22,688below the sector's middle half▼ 56.6%-€2,480below the sector's middle half▲ 89.1%€3,220below the sector's middle half€6,620within the sector's middle half▲ 106%
Solvency37.5%within the sector's middle half▼ 36.9pp51.6%within the sector's middle half▲ 14.1pp72.9%above the sector's middle half▲ 21.3pp74.2%above the sector's middle half▲ 1.4pp56.7%within the sector's middle half▼ 17.5pp
Current ratio0.53below the sector's middle half▼ 2.950.23below the sector's middle half▼ 0.290.81below the sector's middle half▲ 0.581.36within the sector's middle half▲ 0.551.58within the sector's middle half▲ 0.22
Return on assets (ROA)7.8%within the sector's middle half▼ 51.6pp0.3%below the sector's middle half▼ 7.6pp8.7%within the sector's middle half▲ 8.5pp-29.8%below the sector's middle half▼ 38.5pp-39.8%below the sector's middle half▼ 10.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €9,873 in 2025 against €9,688 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 €26,413
Fixed assets
€8,363 ▼ 62.4%
Current assets
€18,050 ▲ 49.5%
Equity and liabilities €26,413
Equity
€14,984 ▼ 41.2%
Debt
€11,429 ▲ 29.1%
Debt's share of the balance-sheet total rises from 25.8% to 43.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,042▼
2024 · €6,235
Cash flow
€5,400▼
2024 · €5,700
Debt to equity
0.76▲
2024 · 0.35
ROE
-70.2%▼
2024 · -40.1%
Interest coverage
45.59▼
2024 · 46.18
Debt ≤ 1 year
€11,429▲
2024 · €8,850
Income taxes
€548▲
2024 · €402
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.
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 3,597 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 | €10,766 | €15,222 | €15,922 | €15,922 | €15,915 | = |
| Other operating charges640/8 | €1,000 | €1,027 | €1,037 | €1,077 | €1,240 | ▲ 15.1% |
| Non-recurring operating charges66A | €203 | €2,550 | €252 | €233 | €53 | ▼ 77.3% |
| Gross operating margin9900 | €23,794 | €22,358 | €26,656 | €7,545 | €7,335 | ▼ 2.8% |
| Operating profit (loss)9901 | €11,825 | €3,559 | €9,445 | -€9,688 | -€9,873 | ▼ 1.9% |
| Financial income75/76B | €0 | €5 | €12 | €2 | €39 | ▲ 1,700% |
| Recurring financial income75 | €0 | €5 | €12 | €2 | €39 | ▲ 1,700% |
| Financial charges65/66B | €1,068 | €1,109 | €761 | €135 | €133 | ▼ 1.8% |
| Recurring financial charges65 | €1,068 | €1,109 | €761 | €135 | €133 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €10,757 | €2,454 | €8,696 | -€9,821 | -€9,967 | ▼ 1.5% |
| Income taxes67/77 | €4,227 | €2,285 | €4,409 | €402 | €548 | ▲ 36.4% |
| Profit (loss) for the period9904 | €6,530 | €169 | €4,286 | -€10,222 | -€10,515 | ▼ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €6,530 | €169 | €4,286 | -€10,222 | -€10,515 | ▼ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,372 | €60,957 | €49,026 | €34,349 | €26,413 | ▼ 23.1% |
| Formation expenses20 | €551 | €375 | €200 | €24 | - | - |
| Fixed assets21/28 | €66,720 | €53,748 | €38,001 | €22,254 | €8,363 | ▼ 62.4% |
| Tangible fixed assets22/27 | €66,720 | €53,748 | €38,001 | €22,254 | €8,363 | ▼ 62.4% |
| Plant, machinery and equipment23 | €1,118 | €849 | €581 | €312 | €1,900 | ▲ 509% |
| Furniture and vehicles24 | €65,602 | €52,898 | €37,420 | €21,942 | €6,463 | ▼ 70.5% |
| Current assets29/58 | €16,101 | €6,834 | €10,825 | €12,071 | €18,050 | ▲ 49.5% |
| Amounts receivable within one year40/41 | €746 | €1,275 | €4,845 | €4,807 | €11,046 | ▲ 130% |
| Trade receivables40 | €78 | €200 | €4,018 | €2,639 | €9,022 | ▲ 242% |
| Other amounts receivable41 | €668 | €1,075 | €827 | €2,168 | €2,024 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €14,200 | €4,751 | €5,159 | €6,402 | €6,116 | ▼ 4.5% |
| Deferred charges and accrued income490/1 | €1,155 | €808 | €821 | €862 | €888 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,372 | €60,957 | €49,026 | €34,349 | €26,413 | ▼ 23.1% |
| Equity10/15 | €31,265 | €31,435 | €35,721 | €25,499 | €14,984 | ▼ 41.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €26,265 | €26,435 | €30,721 | €30,721 | €30,721 | = |
| Distributable reserves133 | €26,265 | €26,435 | €30,721 | €30,721 | €30,721 | = |
| Profit (loss) carried forward14 | - | - | - | -€10,222 | -€20,737 | ▼ 103% |
| Amounts payable17/49 | €52,106 | €29,522 | €13,305 | €8,850 | €11,429 | ▲ 29.1% |
| Amounts payable after more than one year17 | €21,518 | - | - | - | - | - |
| Financial debts170/4 | €21,518 | - | - | - | - | - |
| Amounts payable within one year42/48 | €30,588 | €29,522 | €13,305 | €8,850 | €11,429 | ▲ 29.1% |
| Current portion of amounts payable after more than one year42 | €23,141 | €21,518 | - | - | - | - |
| Trade debts44 | €5,584 | €646 | €1,805 | €334 | €323 | ▼ 3.1% |
| Suppliers440/4 | €5,584 | €646 | €1,805 | €334 | €323 | ▼ 3.1% |
| Taxes, remuneration and social security45 | €1,227 | €3,513 | €3,694 | €1,411 | €520 | ▼ 63.1% |
| Taxes450/3 | €1,227 | €3,513 | €3,694 | €1,411 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €520 | - |
| Other amounts payable47/48 | €635 | €3,845 | €7,805 | €7,105 | €10,586 | ▲ 49.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,530 | €169 | €4,286 | -€10,222 | -€10,515 | ▼ 2.9% |
| + Depreciation and write-downs630 | €10,766 | €15,222 | €15,922 | €15,922 | €15,915 | = |
| Operating cash flow (approximation) | €17,296 | €15,391 | €20,209 | €5,700 | €5,400 | ▼ 5.3% |
| Investment in fixed assets (approximation) | - | -€2,249 | -€175 | -€175 | -€2,024 | ▼ 1,054% |
| Change in cash | - | -€9,449 | €408 | €1,243 | -€286 | ▼ 123% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€10,515
Net result drops to -€10,515, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 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.
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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, Genk · 1 establishment unit since 2020
Ground area
1,092 m²
Building footprint
153 m²
Volume, LiDAR
1,775 m³
Parcel 71306G0221/00M152, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LURO PROJECTS
since 20202.299.657.093
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00M152 | Flanders | 1,092 m² | 1 · 153 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 11,141 companies in sector 43910 we hold annual accounts for 5,493. 3,555 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744473911
Registered
05-10-2025
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.