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Luts Management

Bankruptcy closed
Private limited companyfounded 2021KBO/BCE: BE 0768.864.164

Inactive since 23-04-2026; last annual accounts for fiscal year 2022.

Summary

Luts Management was declared bankrupt on 20-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 20-04-2026.

Watch Report
Luts ManagementBankruptcy closed
Report

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Bankruptcy closed
The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 20-04-2026. The registration has since been removed from the register.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-03-2023, 139 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2022
139 d early
2021
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 89 days before the deadline; the sector median for financial year 2022 is 12 days before the deadline, and 30% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 28 May 2021, Luts Management was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2022.2 The company was declared bankrupt on 20 June 2024; the bankruptcy was closed on 14 April 2026.34

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022
  3. 3Belgian State Gazette, 26-06-2024
  4. 4Belgian State Gazette, 20-04-2026

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, abbreviated schema

Equity
€15,730▲ 586%
2021 · €2,294
Net result
€13,436
2021 · -€206
Total assets
€23,764▲ 12.4%
2021 · €21,151
Solvency
66.2%▲ 55.3pp
2021 · 10.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022
Operating result-€206-€17,511
Net result-€206below the sector's middle half-€13,436within the sector's middle half
Equity€2,294below the sector's middle half-€15,730below the sector's middle half▲ 586%
Total assets€21,151below the sector's middle half-€23,764below the sector's middle half▲ 12.4%
Debt€18,857-€8,033▼ 57.4%
Working capital-€5,206within the sector's middle half-€8,230within the sector's middle half
Solvency10.8%below the sector's middle half-66.2%within the sector's middle half▲ 55.3pp
Current ratio0.72within the sector's middle half-2.02within the sector's middle half▲ 1.30
Return on assets (ROA)-1.0%below the sector's middle half-56.5%above the sector's middle half▲ 57.5pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000€20,000Operating result 2021: -€206-€206Net result 2021: -€206-€206Operating result 2022: €17,511€17,511Net result 2022: €13,436€13,43620212022-€5,000€0€5,000€10,000€15,000€20,000Operating result 2021: -€206-€206Net result 2021: -€206-€206Operating result 2022: €17,511€17,500Net result 2022: €13,436€13,40020212022
The operating result returns to profit in 2022: €17,511 after a loss of €206 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €23,764
Fixed assets €7,500 =
Current assets €16,264 ▲ 19.1%
Equity and liabilities €23,764
Equity €15,730 ▲ 586%
Debt €8,033 ▼ 57.4%
Debt's share of the balance-sheet total falls from 89.2% to 33.8%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
ROE
85.4%▲
2021 · -9.0%
Debt ≤ 1 year
€8,033▼
2021 · €18,857
Income taxes
€3,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 29 lines
Balance sheet Code20212022
Assets
Total assets20/58€21,151€23,764▲
Fixed assets21/28€7,500€7,500=
Financial fixed assets28€7,500€7,500=
Current assets29/58€13,651€16,264▲
Amounts receivable within one year40/41€5,726€141▼
Trade receivables40€5,726€141▼
Cash at bank and in hand54/58€7,925€16,123▲
Equity and liabilities
Total equity and liabilities10/49€21,151€23,764▲
Equity10/15€2,294€15,730▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€206€13,230▲
Amounts payable17/49€18,857€8,033▼
Amounts payable within one year42/48€18,857€8,033▼
Trade debts44€4,754€1,572▼
Suppliers440/4€4,754€1,572▼
Taxes, remuneration and social security45€2,902€6,410▲
Taxes450/3€2,902€6,410▲
Other amounts payable47/48€11,202€52▼
Income statement Code20212022
Other operating charges640/8€50€62▲
Gross operating margin9900-€156€17,573▲
Operating profit (loss)9901-€206€17,511▲
Financial charges65/66B-€348
Recurring financial charges65-€348
Profit (loss) for the period before taxes9903-€206€17,164▲
Income taxes67/77-€3,727
Profit (loss) for the period9904-€206€13,436▲
Profit (loss) for the period to be appropriated9905-€206€13,436▲
Appropriation of the result
Profit (loss) to be appropriated9906-€206€13,230▲
Profit (loss) brought forward from the previous period14P--€206

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022Change
Other operating charges640/8€50€62▲ 24.0%
Gross operating margin9900-€156€17,573▲ 11,356%
Operating profit (loss)9901-€206€17,511▲ 8,595%
Financial charges65/66B-€348-
Recurring financial charges65-€348-
Profit (loss) for the period before taxes9903-€206€17,164▲ 8,427%
Income taxes67/77-€3,727-
Profit (loss) for the period9904-€206€13,436▲ 6,618%
Profit (loss) for the period to be appropriated9905-€206€13,436▲ 6,618%
Line20212022Change
Assets
Total assets20/58€21,151€23,764▲ 12.4%
Fixed assets21/28€7,500€7,500=
Financial fixed assets28€7,500€7,500=
Current assets29/58€13,651€16,264▲ 19.1%
Amounts receivable within one year40/41€5,726€141▼ 97.5%
Trade receivables40€5,726€141▼ 97.5%
Cash at bank and in hand54/58€7,925€16,123▲ 103%
Equity and liabilities
Total equity and liabilities10/49€21,151€23,764▲ 12.4%
Equity10/15€2,294€15,730▲ 586%
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€206€13,230▲ 6,518%
Amounts payable17/49€18,857€8,033▼ 57.4%
Amounts payable within one year42/48€18,857€8,033▼ 57.4%
Trade debts44€4,754€1,572▼ 66.9%
Suppliers440/4€4,754€1,572▼ 66.9%
Taxes, remuneration and social security45€2,902€6,410▲ 121%
Taxes450/3€2,902€6,410▲ 121%
Other amounts payable47/48€11,202€52▼ 99.5%
Line20212022Change
Profit (loss) for the period9904-€206€13,436▲ 6,618%
Operating cash flow (approximation)-€206€13,436▲ 6,618%
Investment in fixed assets (approximation)-€0-
Change in cash-€8,198-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
20-04
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-04-2026
2025
28-04
KBO administration Address struck
2024
26-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 20-06-2024
2023
14-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €13,436
Net result €13,436 after one loss-making year.
31-12
Financial Liquidity triplescurrent ratio 2.02
Current ratio from 0.72 to 2.02; short-term debt falls from €18,857 to €8,033.
22-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
SignalFinancial 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leopoldsburg
exact location from the address register On OpenStreetMap
Ground area
1,058 m²
Building footprint
114 m²
Volume, LiDAR
759 m³
Parcel 71023A0886/00Y000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71023A0886/00Y000 Flanders 1,058 m² 1 · 114 m² 8.7 m · 2 fl.
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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator ILSE ROOX
Hassaluthdreef 12B Bus 2, 3500 Hasselt
 20-06-2024 → 14-04-2026

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2022 list no shareholders, and no other source names one.

Holdings 1

According to the 2022 annual accounts of Luts Management and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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Company details

Identification
Legal formPrivate limited company
Founded28-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 30 September 2026 · Peppol Directory

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