LUT
ActiveSummary
LUT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,983 and a net result of €20,401. Equity is growing by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 23.93; short-term debt: 3.1% and cash: 29.6% of total assets), and 3.1% of the assets are financed with debt.
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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
96.9%
Return on assets
8.6%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
44 d early
2023
40 d early
2022
49 d early
2021
38 d early
2020
66 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days before 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.
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, abbreviated schema
Equity
€229,983▲ 9.7%
2024 · €209,582
Total assets
€237,302▲ 13.2%
2024 · €209,582
Net result
€20,401▲ 47.0%
2024 · €13,876
Working capital
€167,845▲ 29.8%
2023 · €129,343
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€11,201▼ 2.9%€16,122▲ 43.9%€15,394▼ 4.5%€15,295▼ 0.6%€22,074▲ 44.3%
Net result€12,129▼ 8.0%€16,648▲ 37.3%€13,152▼ 21.0%€13,876▲ 5.5%€20,401▲ 47.0%
Equity€165,907▲ 7.9%€182,555▲ 10.0%€195,706▲ 7.2%€209,582▲ 7.1%€229,983▲ 9.7%
Total assets€171,436▲ 1.1%€190,123▲ 10.9%€209,113▲ 10.0%€209,582▲ 0.2%€237,302▲ 13.2%
Debt€5,530▼ 65.2%€7,569▲ 36.9%€13,407▲ 77.1%€7,319
Working capital€94,410▲ 15.2%€115,564▲ 22.4%€129,343▲ 11.9%€167,845
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 recovers in 2025; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237,302
Fixed assets
€62,137 ▼ 3.7%
Current assets
€175,164 ▲ 20.8%
Equity and liabilities €237,302
Equity
€229,983
Debt
€7,319
Debt finances 3.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€24,456▲
2024 · €17,677
Cash flow
€22,782▲
2024 · €16,258
Current ratio
23.93
Debt to equity
0.03
ROE
8.9%▲
2024 · 6.6%
ROA
8.6%▲
2024 · 6.6%
Interest coverage
337.18▲
2024 · 36.83
Debt ≤ 1 year
€7,319
Income taxes
€7,426▲
2024 · €6,828
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €720 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,382 | €2,382 | €2,382 | €2,382 | €2,382 | = |
| Other operating charges640/8 | €4,889 | €3,344 | €3,653 | €3,786 | €3,903 | ▲ 3.1% |
| Gross operating margin9900 | €18,472 | €21,848 | €21,428 | €21,462 | €28,359 | ▲ 32.1% |
| Operating profit (loss)9901 | €11,201 | €16,122 | €15,394 | €15,295 | €22,074 | ▲ 44.3% |
| Financial income75/76B | €6,335 | €5,667 | €4,661 | €5,888 | €5,825 | ▼ 1.1% |
| Recurring financial income75 | €6,335 | €5,667 | €4,661 | €5,888 | €5,825 | ▼ 1.1% |
| Financial charges65/66B | €45 | €45 | €62 | €480 | €73 | ▼ 84.9% |
| Recurring financial charges65 | €45 | €45 | €62 | €480 | €73 | ▼ 84.9% |
| Profit (loss) for the period before taxes9903 | €17,491 | €21,744 | €19,994 | €20,703 | €27,827 | ▲ 34.4% |
| Income taxes67/77 | €5,362 | €5,097 | €6,842 | €6,828 | €7,426 | ▲ 8.8% |
| Profit (loss) for the period9904 | €12,129 | €16,648 | €13,152 | €13,876 | €20,401 | ▲ 47.0% |
| Profit (loss) for the period to be appropriated9905 | €12,129 | €16,648 | €13,152 | €13,876 | €20,401 | ▲ 47.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171,436 | €190,123 | €209,113 | €209,582 | €237,302 | ▲ 13.2% |
| Fixed assets21/28 | €71,664 | €69,283 | €66,901 | €64,519 | €62,137 | ▼ 3.7% |
| Tangible fixed assets22/27 | €71,664 | €69,283 | €66,901 | €64,519 | €62,137 | ▼ 3.7% |
| Land and buildings22 | €71,664 | €69,283 | €66,901 | €64,519 | €62,137 | ▼ 3.7% |
| Current assets29/58 | €99,772 | €120,841 | €142,212 | €145,063 | €175,164 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €79,815 | €84,594 | €91,761 | €98,734 | €103,284 | ▲ 4.6% |
| Other amounts receivable41 | €79,815 | €84,594 | €91,761 | €98,734 | €103,284 | ▲ 4.6% |
| Cash at bank and in hand54/58 | €19,957 | €32,338 | €49,001 | €46,329 | €70,335 | ▲ 51.8% |
| Deferred charges and accrued income490/1 | - | €3,909 | €1,450 | - | €1,545 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171,436 | €190,123 | €209,113 | €209,582 | €237,302 | ▲ 13.2% |
| Equity10/15 | €165,907 | €182,555 | €195,706 | €209,582 | €229,983 | ▲ 9.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €22,848 | €35,999 | €49,875 | €49,875 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €16,648 | €29,799 | €43,675 | €43,675 | = |
| Profit (loss) carried forward14 | €97,707 | €97,707 | €97,707 | €97,707 | €118,107 | ▲ 20.9% |
| Amounts payable17/49 | €5,530 | €7,569 | €13,407 | - | €7,319 | - |
| Amounts payable within one year42/48 | €5,362 | €5,277 | €12,870 | - | €7,319 | - |
| Trade debts44 | - | - | €751 | - | - | - |
| Suppliers440/4 | - | - | €751 | - | - | - |
| Taxes, remuneration and social security45 | €5,362 | €5,277 | €12,119 | - | €7,319 | - |
| Taxes450/3 | €5,362 | €5,277 | €12,119 | - | €7,319 | - |
| Accrued charges and deferred income492/3 | €168 | €2,292 | €537 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,129 | €16,648 | €13,152 | €13,876 | €20,401 | ▲ 47.0% |
| + Depreciation and write-downs630 | €2,382 | €2,382 | €2,382 | €2,382 | €2,382 | = |
| Operating cash flow (approximation) | €14,511 | €19,029 | €15,533 | €16,258 | €22,782 | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €12,381 | €16,663 | -€2,672 | €24,006 | ▲ 998% |
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
19-08
State Gazette act
Resignations: Godelieve Loos (director) and Franciscus Abrahams (director)Reappointments: Godelieve Loos (director) and Franciscus Abrahams (director) · Appointments: Godelieve Loos (managing director) and Franciscus Abrahams (managing director) · Shareholding10 facts ▸
State Gazette act
Resignations: Godelieve Loos (director) and Franciscus Abrahams (director)
Reappointments: Godelieve Loos (director) and Franciscus Abrahams (director) · Appointments: Godelieve Loos (managing director) and Franciscus Abrahams (managing director) · Shareholding10 facts ▸
- General meeting, 08-06-2025
- Director resignation, Godelieve Loos (director)
- Director resignation, Franciscus Abrahams (director)
- Director reappointment, Godelieve Loos (director)
- Director reappointment, Franciscus Abrahams (director)
- Board meeting, 08-06-2025
- Director appointment, Godelieve Loos (managing director)
- Director appointment, Franciscus Abrahams (managing director)
- Shareholding, 08-06-2025, 1990
- Shareholding, 08-06-2025, 10
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €20,401 ▲47%
Net result €20,401, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €209,582 ▲7.1%
7 profitable years in a row build equity to €209,582.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €12,129 ▼8%
Net result drops to €12,129, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 18.61
Current ratio from 7.01 to 18.61; short-term debt falls from €13,642 to €5,362.
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 66 days late
2020
31-12
Financial
Equity above €150,000Eq €153,778 ▲9.4%
3 profitable years in a row build equity to €153,778.
Show earlier events
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Franciscus Abrahams
CurrentDirector
Godelieve Loos
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Pelt
Ground area
288 m²
Building footprint
288 m²
Volume, LiDAR
1,371 m³
Parcel 72033B0436/00P000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B0436/00P000 | Flanders | 288 m² | 1 · 288 m² | 8.2 m · 2 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.
Mandate history
2 people since 2025, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Franciscus Abrahams |
|
| Godelieve Loos |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 19-08-2026 ↗
- Franciscus Abrahams 1,990 shares
- Godelieve Loos 10 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Identification & contact
Identification
Legal formPublic limited company
Founded26-11-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.