Luthan
ActiveSummary
Luthan has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €28k. Its solvency ranks better than 88% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+25
Growth52
Track record82
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 7.16 against 1.95 in 2024; short-term debt: 10.2% and cash: 57.1% of total assets), and 10.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
89.8%
Return on assets
43.2%
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 26-06-2026, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
35 d early
2024
16 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▲ 92.7%
2024 · €30k
2024: €30k
2025: €58k▲ +92.7% vs 2024
2024 → 2025
Total assets
€65k▲ 7.3%
2024 · €60k
2024: €60k
2025: €65k▲ +7.3% vs 2024
2024 → 2025
Net result
€28k▼ 5.7%
2024 · €30k
2024: €30k
2025: €28k▼ -5.7% vs 2024
2024 → 2025
Working capital
€41k▲ 101%
2024 · €20k
2024: €20k
2025: €41k▲ +101% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€30k-€58k▲ 92.7%
2024: €30k
2025: €58k▲ +92.7% vs 2024
Operating result€37k-€35k▼ 3.8%
2024: €37k
2025: €35k▼ -3.8% vs 2024
Net result€30k-€28k▼ 5.7%
2024: €30k
2025: €28k▼ -5.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€17k ▼ 6.6%
Current assets
€47k ▲ 13.6%
Equity and liabilities €65k
Equity
€58k ▲ 92.7%
Debt
€7k ▼ 78.1%
Debt's share of the balance-sheet total falls from 50.0% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €39k
Cash flow
€34k▲
2024 · €32k
Current ratio
7.16▲
2024 · 1.95
Debt to equity
0.11▼
2024 · 1.00
ROE
48.1%▼
2024 · 98.3%
ROA
43.2%▼
2024 · 49.2%
Interest coverage
151.91▼
2024 · 377.60
Debt ≤ 1 year
€7k▼
2024 · €21k
Income taxes
€7k▲
2024 · €7k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€60k€65k▲
Fixed assets21/28€19k€17k▼
Tangible fixed assets22/27€19k€17k▼
Furniture and vehicles24€19k€17k▼
Current assets29/58€42k€47k▲
Amounts receivable within one year40/41€18k€10k▼
Trade receivables40€10k€10k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€24k€37k▲
Equity and liabilities
Total equity and liabilities10/49€60k€65k▲
Equity10/15€30k€58k▲
Contributions10/11€3k€3k=
Reserves13€28k€55k▲
Distributable reserves133€28k€55k▲
Amounts payable17/49€30k€7k▼
Amounts payable after more than one year17€9k-
Other amounts payable178/9€9k-
Amounts payable within one year42/48€21k€7k▼
Trade debts44€7k€1k▼
Suppliers440/4€7k€1k▼
Taxes, remuneration and social security45€13k€5k▼
Taxes450/3€13k€5k▼
Other amounts payable47/48€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€729€651▼
Gross operating margin9900€40k€42k▲
Operating profit (loss)9901€37k€35k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€104€270▲
Recurring financial charges65€104€270▲
Profit (loss) for the period before taxes9903€37k€35k▼
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€30k€28k▼
Profit (loss) for the period to be appropriated9905€30k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€28k▼
Transfer to equity691/2€28k€28k▲
To other reserves6921€28k€28k▲
Profit to be distributed694/7€2k-
Directors or managers695€2k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | ▲ 115% |
| Other operating charges640/8 | €729 | €651 | ▼ 10.7% |
| Gross operating margin9900 | €40k | €42k | ▲ 4.1% |
| Operating profit (loss)9901 | €37k | €35k | ▼ 3.8% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €104 | €270 | ▲ 159% |
| Recurring financial charges65 | €104 | €270 | ▲ 159% |
| Profit (loss) for the period before taxes9903 | €37k | €35k | ▼ 4.2% |
| Income taxes67/77 | €7k | €7k | ▲ 2.1% |
| Profit (loss) for the period9904 | €30k | €28k | ▼ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €30k | €28k | ▼ 5.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60k | €65k | ▲ 7.3% |
| Fixed assets21/28 | €19k | €17k | ▼ 6.6% |
| Tangible fixed assets22/27 | €19k | €17k | ▼ 6.6% |
| Furniture and vehicles24 | €19k | €17k | ▼ 6.6% |
| Current assets29/58 | €42k | €47k | ▲ 13.6% |
| Amounts receivable within one year40/41 | €18k | €10k | ▼ 42.7% |
| Trade receivables40 | €10k | €10k | ▲ 3.0% |
| Other amounts receivable41 | €8k | - | - |
| Cash at bank and in hand54/58 | €24k | €37k | ▲ 56.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60k | €65k | ▲ 7.3% |
| Equity10/15 | €30k | €58k | ▲ 92.7% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €28k | €55k | ▲ 101% |
| Distributable reserves133 | €28k | €55k | ▲ 101% |
| Amounts payable17/49 | €30k | €7k | ▼ 78.1% |
| Amounts payable after more than one year17 | €9k | - | - |
| Other amounts payable178/9 | €9k | - | - |
| Amounts payable within one year42/48 | €21k | €7k | ▼ 69.1% |
| Trade debts44 | €7k | €1k | ▼ 81.6% |
| Suppliers440/4 | €7k | €1k | ▼ 81.6% |
| Taxes, remuneration and social security45 | €13k | €5k | ▼ 60.2% |
| Taxes450/3 | €13k | €5k | ▼ 60.2% |
| Other amounts payable47/48 | €1k | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €28k | ▼ 5.7% |
| + Depreciation and write-downs630 | €3k | €6k | ▲ 115% |
| Operating cash flow (approximation) | €32k | €34k | ▲ 4.3% |
| Investment in fixed assets (approximation) | - | €-5k | - |
| Change in cash | - | €13k | - |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 7.16
Current ratio from 1.95 to 7.16; short-term debt falls from €21k to €7k.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Pelt · 1 establishment unit since 2024
Ground area
761 m²
Building footprint
132 m²
Volume, LiDAR
437 m³
Parcel 72033B1002/00K000, Flanders · tallest building 14.4 m. Linked by address, not a title deed.
1 establishment unit
Luthan
since 20242.359.888.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B1002/00K000 | Flanders | 761 m² | 1 · 132 m² | 14.3 m |
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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,546 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.