LUTGI
ActiveSummary
LUTGI has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €395,894 and a net result of -€25,510. Equity is shrinking by ~4.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 6 accounts on average 34 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 (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 8,616 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,590 | €47,304 | €48,829 | €49,442 | €49,474 | ▲ 0.1% |
| Other operating charges640/8 | - | €6,940 | €8,580 | €7,568 | €6,658 | ▼ 12.0% |
| Gross operating margin9900 | €29,865 | €32,106 | €57,372 | €40,838 | €40,727 | ▼ 0.3% |
| Operating profit (loss)9901 | -€24,210 | -€22,139 | -€36 | -€16,173 | -€15,405 | ▲ 4.7% |
| Financial income75/76B | - | €0 | - | €58 | €121 | ▲ 110% |
| Recurring financial income75 | €0 | €0 | - | €58 | €121 | ▲ 110% |
| Financial charges65/66B | - | €8,798 | €8,951 | €11,186 | €16,010 | ▲ 43.1% |
| Recurring financial charges65 | €8,804 | €8,798 | €8,951 | €11,186 | €16,010 | ▲ 43.1% |
| Profit (loss) for the period before taxes9903 | -€33,013 | -€30,937 | -€8,988 | -€27,302 | -€31,294 | ▼ 14.6% |
| Transfer from deferred taxes780 | - | €6,075 | €6,075 | €6,075 | €6,075 | = |
| Income taxes67/77 | €220 | €238 | €262 | €282 | €291 | ▲ 3.4% |
| Profit (loss) for the period9904 | -€27,157 | -€25,100 | -€3,174 | -€21,508 | -€25,510 | ▼ 18.6% |
| Transfer from tax-exempt reserves789 | - | €12,312 | €12,312 | €12,312 | €12,312 | = |
| Profit (loss) for the period to be appropriated9905 | -€14,845 | -€12,787 | €9,138 | -€9,196 | -€13,198 | ▼ 43.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €854,330 | €821,396 | €799,271 | €768,418 | €735,245 | ▼ 4.3% |
| Fixed assets21/28 | €850,460 | €809,276 | €779,778 | €739,858 | €704,598 | ▼ 4.8% |
| Tangible fixed assets22/27 | €848,849 | €807,664 | €778,167 | €738,246 | €702,987 | ▼ 4.8% |
| Land and buildings22 | - | €798,786 | €771,633 | €733,890 | €700,809 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €8,878 | €6,534 | €4,356 | €2,178 | ▼ 50.0% |
| Financial fixed assets28 | €1,611 | €1,611 | €1,611 | €1,611 | €1,611 | = |
| Current assets29/58 | €3,870 | €12,120 | €19,493 | €28,561 | €30,647 | ▲ 7.3% |
| Amounts receivable within one year40/41 | - | - | €870 | €940 | €0 | ▼ 100% |
| Trade receivables40 | - | - | €870 | €940 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,870 | €12,120 | €18,623 | €27,621 | €30,647 | ▲ 11.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €854,330 | €821,396 | €799,271 | €768,418 | €735,245 | ▼ 4.3% |
| Equity10/15 | €471,187 | €446,087 | €442,912 | €421,404 | €395,894 | ▼ 6.1% |
| Contributions10/11 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €396,818 | €371,719 | €368,544 | €347,036 | €321,526 | ▼ 7.4% |
| Non-distributable reserves130/1 | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Reserves not available under the articles1311 | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Tax-exempt reserves132 | - | €144,673 | €132,361 | €120,048 | €107,736 | ▼ 10.3% |
| Distributable reserves133 | - | €219,609 | €228,747 | €219,551 | €206,353 | ▼ 6.0% |
| Profit (loss) carried forward14 | €633 | - | - | - | - | - |
| Provisions and deferred taxes16 | €82,428 | €76,353 | €70,278 | €64,202 | €58,127 | ▼ 9.5% |
| Deferred taxes168 | - | €76,353 | €70,278 | €64,202 | €58,127 | ▼ 9.5% |
| Amounts payable17/49 | €300,715 | €298,956 | €286,081 | €282,811 | €281,224 | ▼ 0.6% |
| Amounts payable after more than one year17 | €115,696 | €105,057 | €94,263 | €83,311 | €72,199 | ▼ 13.3% |
| Financial debts170/4 | - | €105,057 | €94,263 | €83,311 | €72,199 | ▼ 13.3% |
| Amounts payable within one year42/48 | €185,019 | €192,329 | €191,118 | €198,821 | €208,225 | ▲ 4.7% |
| Current portion of amounts payable after more than one year42 | - | €10,639 | €10,794 | €10,952 | €11,112 | ▲ 1.5% |
| Trade debts44 | €5,226 | €7,209 | €4,911 | €6,669 | €0 | ▼ 100% |
| Suppliers440/4 | - | €7,209 | €4,911 | €6,669 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €2,527 | €2,605 | €3,122 | €4,624 | ▲ 48.1% |
| Taxes450/3 | - | €2,527 | €2,605 | €3,122 | €4,624 | ▲ 48.1% |
| Other amounts payable47/48 | - | €171,954 | €172,807 | €178,078 | €192,489 | ▲ 8.1% |
| Accrued charges and deferred income492/3 | - | €1,571 | €701 | €680 | €800 | ▲ 17.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,157 | -€25,100 | -€3,174 | -€21,508 | -€25,510 | ▼ 18.6% |
| + Depreciation and write-downs630 | €46,590 | €47,304 | €48,829 | €49,442 | €49,474 | ▲ 0.1% |
| Operating cash flow (approximation) | €19,433 | €22,205 | €45,654 | €27,934 | €23,964 | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | -€6,120 | -€19,331 | -€9,521 | -€14,215 | ▼ 49.3% |
| Change in cash | - | €8,250 | €6,502 | €8,998 | €3,026 | ▼ 66.4% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24129B0341/00K000 | Flanders | 254 m² | 1 · 245 m² | 14.4 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.