Checked.be
Active
BE 0563.977.103Private limited company (pre-2019)
LUTASIN
Witherenweg 19 ·2320 Hoogstraten, Belgium· 11 yrs active
Sector: Manufacture of basic metals
(24100)
Conclusion
LUTASIN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €226k and a net result of €88k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 41 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €226k |
| Net result | €88k |
| Better than sector | 92% |
| Active | 11 yrs |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
90
Profitability
100
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
90
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€20k
estimate, not credit advice
Score history
86
2022
98
2023
90
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.13 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.13 (≥ 1.0)
+5
Leverage
Debt/equity 0.28 (< 1.0)
+10
Profitability
ROE 39% (≥ 10%)
+10
Interest coverage
Interest coverage 22.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-08-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~9.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 24, Manufacture of basic metals · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 77.9% | 31.9% | |
| Net result | €88k | €14k | |
| Equity | €226k | €72k | |
| Gross operating margin | €130k | €117k | |
| Total assets | €290k | €338k |
€130k
-8.9%
22-24
€88k
-14.0%
22-24
€93k
-11.1%
22-24
€290k
-11.5%
22-24
€226k
-11.3%
22-24
€201k
-22.3%
22-24
€31k
-17.4%
22-24
€117k
-13.3%
22-24
€64k
-12.5%
22-24
€64k
+20.3%
22-24
€20k
+25.0%
22-24
4.13
-29.4%
22-24
4.13
-29.4%
22-24
77.9%
+0.3%
22-24
0.28
-1.4%
22-24
39.0%
-3.1%
22-24
30.4%
-2.8%
22-24
22.11
-70.8%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €130k | €142k | €16k |
| Net profit | €88k | €103k | €20k |
| Cash flow | €93k | €105k | €21k |
| Staff costs | - | - | - |
| Income taxes | €31k | €37k | €5k |
| Dividends | €117k | €135k | €135k |
| Total assets | €290k | €328k | €334k |
| Equity | €226k | €255k | €275k |
| Debt | €64k | €73k | €59k |
| of which ≤ 1y | €64k | €53k | €43k |
| of which > 1y | - | €20k | €16k |
| Working capital | €201k | €258k | €282k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 4.13 | 5.84 | 7.55 |
| Quick ratio | 4.13 | 5.84 | 7.55 |
| Working capital ratio | 69.1% | 78.7% | 84.5% |
| Solvency | 77.9% | 77.7% | 82.3% |
| Debt / equity | 0.28 | 0.29 | 0.21 |
| Long-term debt ratio | - | 0.08 | 0.06 |
| Interest coverage | 22.11 | 75.81 | 6.41 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 30.4% | 31.3% | 6.0% |
| ROE | 39.0% | 40.3% | 7.3% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €290k | €328k | €334k |
| Fixed assets | 21/28 | €26k | €17k | €9k |
| Intangible fixed assets | 21 | €5k | €9k | - |
| Tangible fixed assets | 22/27 | €14k | €2k | €2k |
| Financial fixed assets | 28 | €7k | €7k | €7k |
| Current assets | 29/58 | €265k | €311k | €325k |
| Amounts receivable within one year | 40/41 | €241k | €271k | €293k |
| Cash & bank | 54/58 | €23k | €8k | - |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €290k | €328k | €334k |
| Equity | 10/15 | €226k | €255k | €275k |
| Contributions / capital | 10/11 | €19k | €19k | €6k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €206k | €234k | €267k |
| Amounts payable | 17/49 | €64k | €73k | €59k |
| Amounts payable after one year | 17 | - | €20k | €16k |
| Amounts payable within one year | 42/48 | €64k | €53k | €43k |
| Trade debts payable within one year | 44 | €4k | €8k | €6k |
| Income statement | ||||
| Gross operating margin | 9900 | €130k | €143k | €16k |
| Operating result | 9901 | €125k | €140k | €15k |
| Financial income | 75 | - | €1k | €12k |
| Financial charges | 65 | €6k | €2k | €2k |
| Result before taxes | 9903 | €119k | €140k | €25k |
| Income taxes | 67/77 | €31k | €37k | €5k |
| Net result for the period | 9904 | €88k | €103k | €20k |
| Result to be appropriated | 9905 | €88k | €103k | €20k |
Legal Structure
| NACE primary | Manufacture of basic metals(24100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 14-10-2014 |
| Status | Active |
| Postal code | 2320 |
Establishment units
Lutasin
since 20142.236.395.574
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014C0015/00K000 | Flanders | 1,077 m² | 1 · 130 m² | 7.8 m · 2 fl. |
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.
Updates
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €103k ▲409%
Operating result €140k, net result €103k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of basic metals24100
Names & trade names
| Legal nameNL | LUTASIN |
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