LUTEC
ActiveSummary
LUTEC has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €-49k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-81
Solvency98▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 5.55 in 2023; short-term debt: 27.2% and cash: 49.7% of total assets), and 27.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
72.8%
Return on assets
-37.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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
not confirmed
2024
4 d late
2023
1 d early
2022
23 d late
2021
24 d late
2020
30 d late
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€95k▼ 60.4%
2023 · €240k
2018: €127k
2019: €154k
2020: €168k
2021: €179k
2022: €213k
2023: €240k
2018 → 2024
Total assets
€131k▼ 53.9%
2023 · €283k
2018: €140k
2019: €176k
2020: €201k
2021: €199k
2022: €247k
2023: €283k
2018 → 2024
Net result
€-49k
2023 · €27k
2018: €47k
2019: €30k
2020: €14k
2021: €11k
2022: €34k
2023: €27k
2018 → 2024
Working capital
€61k▼ 69.1%
2023 · €196k
2018: €100k
2019: €110k
2020: €116k
2021: €119k
2022: €168k
2023: €196k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€168k-€179k▲ 6.4%€213k▲ 19.0%€240k▲ 12.9%€95k▼ 60.4%
Operating result€21k-€18k▼ 17.2%€50k▲ 180%€41k▼ 17.1%€-48k
Net result€14k-€11k▼ 21.4%€34k▲ 214%€27k▼ 19.2%€-49k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €48k after €41k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€34k ▼ 21.3%
Current assets
€96k ▼ 59.8%
Equity and liabilities €131k
Equity
€95k ▼ 60.4%
Debt
€36k ▼ 17.6%
Debt's share of the balance-sheet total rises from 15.3% to 27.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-40k▼
2023 · €50k
Cash flow
€-42k▼
2023 · €36k
Current ratio
2.71▼
2023 · 5.55
Debt to equity
0.37▲
2023 · 0.18
ROE
-51.2%▼
2023 · 11.4%
ROA
-37.3%▼
2023 · 9.7%
Interest coverage
-103.08▼
2023 · 289.62
Debt ≤ 1 year
€36k▼
2023 · €43k
Income taxes
€876▼
2023 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€283k€131k▼
Fixed assets21/28€44k€34k▼
Tangible fixed assets22/27€44k€34k▼
Land and buildings22€15k€0▼
Plant, machinery and equipment23€25k€4k▼
Furniture and vehicles24€4k€25k▲
Other tangible fixed assets26-€6k
Current assets29/58€239k€96k▼
Amounts receivable within one year40/41€18k€28k▲
Trade receivables40€18k€21k▲
Other amounts receivable41€43€7k▲
Cash at bank and in hand54/58€220k€65k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€283k€131k▼
Equity10/15€240k€95k▼
Contributions10/11€81k€24k▼
Reserves13€159k€120k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€159k€120k▼
Profit (loss) carried forward14-€-49k
Amounts payable17/49€43k€36k▼
Amounts payable within one year42/48€43k€36k▼
Trade debts44€591€10k▲
Suppliers440/4€591€10k▲
Taxes, remuneration and social security45€39k€24k▼
Taxes450/3€36k€21k▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€3k€1k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A-€35k
Gross operating margin9900€51k€-1k▼
Operating profit (loss)9901€41k€-48k▼
Financial income75/76B€103€113▲
Recurring financial income75€103€113▲
Financial charges65/66B€171€392▲
Recurring financial charges65€171€392▲
Profit (loss) for the period before taxes9903€41k€-48k▼
Income taxes67/77€14k€876▼
Profit (loss) for the period9904€27k€-49k▼
Profit (loss) for the period to be appropriated9905€27k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€-49k▼
Transfer from equity791/2-€40k
Transfer to equity691/2€27k€0▼
To other reserves6921€27k€0▼
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €-49k ▼278%
Net result drops to €-49k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €200kEq €213k ▲19%
5 profitable years in a row build equity to €213k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Equity above €150kEq €154k ▲21.3%
2 profitable years in a row build equity to €154k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Tienen · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Hubertusstraat(OPL) 2243300 TienenGround area
1,394 m²
Building footprint
320 m²
Volume, LiDAR
1,743 m³
Parcel 24082B0035/00R000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lutec BV
since 20032.134.149.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24082B0035/00R000 | Flanders | 1,394 m² | 1 · 320 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
Reno-Levin
BE 0767.987.206
Retie · Eq €95,009
NIVABU
BE 0801.844.758
Londerzeel · Eq €95,084
LUCKY LUK GAMING ELEKTRA
BE 0895.625.645
Antwerpen · Eq €95,092
TD-TECH
BE 0833.175.263
Etterbeek · Eq €94,987
ELEC 3
BE 0540.863.189
Verlaine · Eq €94,973
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
28250Manufacture of machinery and equipment not elsewhere classified
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.