Equity
€111,848 from €239,947 in 2023
Equity fell by 53% in 2 years.
LUTEC
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €110,313 (2009)
€28,364▲ €29,706
lowest -€48,677 (2024)
€16,807▲ €65,484
peak €239,947 (2023)
€111,848▲ 17.7%
€31,823▼ 10.6%
peak 1 FTE (2006)
-not published
Board5 names since 2016
3 directors and 2 others
Documentsfilings and deeds
19-06-202642 days before the deadline
2025micro format
Gross margin from -€1,342 to €28,364Back to profit: €16,807Equity from €95,041 to €111,848Cash from €64,906 to €103,205
Key points
from the 2025 annual accountsResult
€16,807 €16,807
Back in profit in 2025, after a loss of €48,677 in 2024.
Turnover
≈ €130,000 estimated
The micro format states no turnover.
Liquidity
3.67 was 2.71 in 2024
Short-term debts fell from €35,590 to €31,823.
Filings
22 annual accounts since 2004
Six of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Position in the sector
77.9%
Higher solvency than 83% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,356 companies had the same profile as LUTEC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,356 companies, not a prediction for LUTEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Chair
Director, since 06-09-2016
Director, since 06-09-2016
- 3,700 sharesdeed of 30-09-2016
- 3,700 sharesdeed of 30-09-2016
- 1,900 sharesdeed of 30-09-2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861366631
Registered office moved to Tienen
New registered office: Sint-Hubertusstraat 224, 3300 Tienen · Resignations: (managing director) and (manager) · Reappointments: (director) and (director) · General meeting of 18-12-2023 · Gazette deed
Resignations: (director) and (director)
General meeting of 02-08-2022 · Gazette deed
Appointment: (director)
General meeting of 20-02-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUTEC Tienen | €143,670 | €28,364 | 77.9% | - |
| HETICON Tienen | €136,270 | €24,678 | 91.2% | - |
| E.L.J. Aarschot | €141,412 | €27,927 | 66.1% | - |
| CD LOGISTICS Mons | €153,591 | €27,977 | -31.3% | - |
| SADEGRO Bruges | €143,658 | €31,721 | 63.9% | - |
| F & F ELECTRO SYSTEMS Ranst | €137,036 | €31,820 | 82.6% | - |
| VP ELECTRO Sint-Katelijne-Waver | €139,221 | €31,747 | 27.6% | - |
These companies have the same main activity as LUTEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €136,000 and €154,000, founded between 2002 and 2005.
Official details
Source: KBO- Status
- Active since 29-10-2003Normal situation
- Activity
- General electrical installation workNACE 43211and 3 others
- Establishment unit
- 2.134.149.1613300 Tienen, since 29-10-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 09-10-2025
Annual accounts 2025
- €143,670▲ 10.0%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on LUTEC
LUTEC files the micro format. That format states no turnover. The gross margin fell from €85,882 in 2006 to €28,364 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LUTEC
- What is the company number of LUTEC?
- The company number of LUTEC is 0861.366.631. The VAT number is the same number with BE in front: BE 0861.366.631.
- Where is LUTEC based?
- The registered office is at Sint-Hubertusstraat 224, 3300 Tienen.Company details
- What does LUTEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of LUTEC?
- LUTEC is a private limited company (BV).
- When was LUTEC founded?
- LUTEC was founded on 29-10-2003.
- Is LUTEC still active?
- Yes, LUTEC is an active enterprise in the KBO register.
- What is the turnover of LUTEC?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €28,364 and 45 comparable companies (NACE 43211). It probably lies between €93,000 and €200,000.Financials
- Is LUTEC profitable?
- In financial year 2025, LUTEC made a profit of €16,807.
- Where can I find the annual accounts of LUTEC?
- LUTEC filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUTEC due?
- LUTEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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