LUTHIEN
ActiveSummary
LUTHIEN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €26k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 12% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+23
Solvency33▼-32
Growth58▲+6
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
7.9%
Return on assets
35.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 12707 sector peers (2025).
NBB · sector comparisonPosition among 12707 sector peers
Solvency
better than 12%
← weakest
strongest →
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 05-05-2026, 87 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
87 d early
2024
7 d early
2023
48 d early
2022
40 d early
2021
6 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 72.6%
2024 · €22k
2021: €19k
2022: €19k
2023: €21k
2024: €22k
2021 → 2025
Total assets
€75k▲ 39.7%
2024 · €54k
2021: €76k
2022: €73k
2023: €65k
2024: €54k
2021 → 2025
Net result
€26k▲ 677%
2024 · €3k
2021: €14k
2022: €369
2023: €2k
2024: €3k
2021 → 2025
Working capital
€-5k
2024 · €11k
2021: €8k
2022: €9k
2023: €11k
2024: €11k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€19k▲ 2.0%€21k▲ 9.2%€22k▲ 3.8%€6k▼ 72.6%
Operating result€19k-€1k▼ 92.0%€4k▲ 148%€6k▲ 63.5%€34k▲ 466%
Net result€14k-€369▼ 97.3%€2k▲ 377%€3k▲ 92.5%€26k▲ 677%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 466% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€11k ▼ 46.1%
Current assets
€64k ▲ 91.1%
Equity and liabilities €75k
Equity
€6k ▼ 72.6%
Debt
€69k ▲ 115%
Debt's share of the balance-sheet total rises from 59.8% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €16k
Cash flow
€37k▲
2024 · €14k
Current ratio
0.93▼
2024 · 1.50
Debt to equity
11.67▲
2024 · 1.49
ROE
445.1%▲
2024 · 15.7%
ROA
35.1%▲
2024 · 6.3%
Interest coverage
161.31▲
2024 · 12.54
Debt ≤ 1 year
€69k▲
2024 · €22k
Debt > 1 year
€0▼
2024 · €10k
Income taxes
€7k▲
2024 · €1k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€75k▲
Fixed assets21/28€20k€11k▼
Tangible fixed assets22/27€20k€11k▼
Furniture and vehicles24-€1k
Leasing and similar rights25€20k€10k▼
Financial fixed assets28€5€5=
Current assets29/58€34k€64k▲
Amounts receivable within one year40/41€4k€0▼
Trade receivables40€0-
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€27k€63k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€54k€75k▲
Equity10/15€22k€6k▼
Contributions10/11€5k€5k=
Reserves13€17k€914▼
Distributable reserves133€17k€914▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€32k€69k▲
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€22k€69k▲
Current portion of amounts payable after more than one year42€10k€10k▼
Trade debts44€2k€945▼
Suppliers440/4€2k€945▼
Taxes, remuneration and social security45€7k€16k▲
Taxes450/3€7k€15k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€3k€42k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€18k€46k▲
Operating profit (loss)9901€6k€34k▲
Financial income75/76B€150€0▼
Recurring financial income75€150€0▼
Financial charges65/66B€1k€277▼
Recurring financial charges65€1k€277▼
Profit (loss) for the period before taxes9903€5k€34k▲
Income taxes67/77€1k€7k▲
Profit (loss) for the period9904€3k€26k▲
Profit (loss) for the period to be appropriated9905€3k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€26k▲
Transfer from equity791/2-€17k
Transfer to equity691/2€786€914▲
To other reserves6921€786€914▲
Profit to be distributed694/7€3k€42k▲
Return on contributions (dividend)694€3k€42k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €26k ▲677%
Operating result €34k, net result €26k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €369 ▼97.3%
Net result drops to €369, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Izegem · 1 establishment unit since 2021
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.
Gentseheerweg 448870 IzegemGround area
648 m²
Building footprint
120 m²
Volume, LiDAR
1,058 m³
Parcel 36493B0309/00A008, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LUTHIEN
since 20212.327.220.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0309/00A008 | Flanders | 648 m² | 1 · 120 m² | 11.6 m · 3 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.
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 3,472 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
Founded01-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.