Equity
€399,007 ▲ 13.5%
LUTHO has made a profit in every financial year since 2009.
LUTHO
Lifetime
16 annual accounts with figures on one time axispeak €207,166 (2025)
€207,166▲ 0.8%
peak €82,759 (2025)
€82,759▲ 24.5%
peak €399,007 (2025)
€399,007▲ 13.5%
€664,978▼ 9.8%
Board2 names since 2008
2 directorsMOREEL Eveline Marie Madeleine and 1 other
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Dividend €35,309Equity from €351,557 to €399,007
Key points
from the 2025 annual accountsFilings
16 annual accounts since 2009
The 2017 accounts came 5 days late. The other nine of the last ten were filed on time.
Position in the sector
€399,007
More equity than 95% of companies in other professional activities. Sector median €41,099 · 4,360 companies.
Checked score
93
Excellent
Financially stronger than 44% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,429 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.08, cash €15,259
lowers risk
Size: total assets €1.1m
Figures for financial year 2025 (filed on 31-01-2026)
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 41% of them on solvency, 24% on liquidity, 51% on profitability and 61% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as LUTHO has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of LUTHO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,811 companies, not a prediction for LUTHO. 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
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.08 (0.93 in 2024), below the usual 1.5. Short-term debt is 29.3% and cash 1.4% of total assets. 62.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
29 days early
2023
40 days early
2022
28 days early
2021
42 days early
2020
20 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899430025
Amendment of the articles · Legal-form change · Resignations & appointments
Capital from €69,200 to €6,200 · Resignations: WALCARIUS Fritz Aimé (manager) and MOREEL Eveline Marie Madeleine (manager) · Reappointments: WALCARIUS Fritz Aimé (director) and MOREEL Eveline Marie Madeleine (director) · General meeting of 13-12-2021 · Gazette deed
First establishment
Sint-Maartensstraat 5, Avelgem
Incorporation
published on 01-08-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUTHO Avelgem | €1.1m | €207,166 | 37.5% | - |
| VANBRIEL YUAN Antwerp | €0.8m | €266,589 | 46.1% | 1.6 |
| ILLUMINATION DESIGN AND DEVELOPMENT Kalmthout | €0.7m | €162,631 | 30.3% | 1.1 |
| METRON TECHNICS Wevelgem | €0.8m | €151,741 | 56.4% | 0.8 |
| Bernaer Design and Architecture Antwerp | €1.6m | €172,630 | 64.0% | - |
| NOMECS Silly | €0.8m | €132,040 | 90.2% | - |
| MeCADesign Perwez | €0.9m | €135,046 | 11.2% | - |
These companies have the same main activity as LUTHO: other professional, scientific and technical activities (NACE 74112). They are comparable in size and age: total assets between €730,000 and €1.6m, founded between 2006 and 2013.
Official details
Source: KBO- Status
- Active since 17-07-2008Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74112and 5 others
- Establishment unit
- 2.172.622.9258580 Avelgem, since 28-08-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 30-08-2023
Annual accounts to 30-06-2025
- ≈ €520,000estimated
- €1.1m▼ 2.3%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on LUTHO
LUTHO files the micro format. That format states no turnover. The gross margin rose from €17,645 in 2009 to €207,166 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
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 LUTHO
- What is the company number of LUTHO?
- The company number of LUTHO is 0899.430.025. The VAT number is the same number with BE in front: BE 0899.430.025.
- Where is LUTHO based?
- The registered office is at Sint-Maartensstraat 5, 8580 Avelgem.Company details
- What does LUTHO do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74112).
- What is the legal form of LUTHO?
- LUTHO is a private limited company (BV).
- When was LUTHO founded?
- LUTHO was founded on 17-07-2008.
- Is LUTHO still active?
- Yes, LUTHO is an active enterprise in the KBO register.
- What is the turnover of LUTHO?
- The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €207,166 and 2,207 comparable companies of the same size. It probably lies between €350,000 and €800,000. It is a rough estimate.Financials
- Is LUTHO profitable?
- In financial year 2025, LUTHO made a profit of €82,759.
- Where can I find the annual accounts of LUTHO?
- LUTHO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUTHO due?
- LUTHO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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