LUTTIX
ActiveSummary
LUTTIX has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €-2k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 651 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▲+10
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 25.84 against 36.03 in 2023; short-term debt: 3% and cash: 17.3% of total assets), and 3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97%
Return on assets
-7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
36 d early
2022
32 d early
2021
37 d early
2020
46 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k▲ 66.1%
2023 · €-7k
2018: €-3k
2019: €3k▲ +181% vs 2018highest in 7 years
2020: €-4k▼ -240% vs 2019
2021: €-3k▲ +21.5% vs 2020
2022: €878▲ +129% vs 2021
2023: €-7k▼ -910% vs 2022lowest in 7 years
2024: €-2k▲ +66.1% vs 2023
2018 → 2024
Working capital
€26k▼ 3.3%
2023 · €27k
2019: €45k
2020: €45k▲ +0.4% vs 2019highest in 6 years
2021: €39k▼ -13.9% vs 2020
2022: €40k▲ +3.2% vs 2021
2023: €27k▼ -33.1% vs 2022
2024: €26k▼ -3.3% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€42k▼ 6.6%€43k▲ 2.1%€36k▼ 16.5%€34k▼ 6.7%
2020: €45khighest in 5 years
2021: €42k▼ -6.6% vs 2020
2022: €43k▲ +2.1% vs 2021
2023: €36k▼ -16.5% vs 2022
2024: €34k▼ -6.7% vs 2023lowest in 5 years
Operating result€-4k-€-4k▲ 13.2%€215€-8k€-3k▲ 61.3%
2020: €-4k
2021: €-4k▲ +13.2% vs 2020
2022: €215▲ +106% vs 2021highest in 5 years
2023: €-8k▼ -3675% vs 2022lowest in 5 years
2024: €-3k▲ +61.3% vs 2023
Net result€-4k-€-3k▲ 21.5%€878€-7k€-2k▲ 66.1%
2020: €-4k
2021: €-3k▲ +21.5% vs 2020
2022: €878▲ +129% vs 2021highest in 5 years
2023: €-7k▼ -910% vs 2022lowest in 5 years
2024: €-2k▲ +66.1% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €8k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€8k ▼ 16.6%
Current assets
€27k ▼ 2.2%
Equity and liabilities €35k
Equity
€34k ▼ 6.7%
Debt
€1k ▲ 36.4%
Debt's share of the balance-sheet total rises from 2.1% to 3.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▲
2023 · €-6k
Cash flow
€-890▲
2023 · €-6k
Current ratio
25.84▼
2023 · 36.03
Debt to equity
0.03▲
2023 · 0.02
ROE
-7.2%▲
2023 · -19.7%
ROA
-7.0%▲
2023 · -19.3%
Interest coverage
-6.45▲
2023 · -16.31
Debt ≤ 1 year
€1k▲
2023 · €767
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 · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€37k€35k▼
Fixed assets21/28€9k€8k▼
Tangible fixed assets22/27€9k€8k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€28k€27k▼
Amounts receivable within one year40/41€23k€21k▼
Trade receivables40€3k€3k=
Other amounts receivable41€20k€18k▼
Cash at bank and in hand54/58€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€37k€35k▼
Equity10/15€36k€34k▼
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€16k€14k▼
Amounts payable17/49€767€1k▲
Amounts payable within one year42/48€767€1k▲
Trade debts44€767€1k▲
Suppliers440/4€767€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€474€18▼
Gross operating margin9900€-6k€-1k▲
Operating profit (loss)9901€-8k€-3k▲
Financial income75/76B€972€787▼
Recurring financial income75€972€787▼
Financial charges65/66B€396€225▼
Recurring financial charges65€396€225▼
Profit (loss) for the period before taxes9903€-7k€-2k▲
Profit (loss) for the period9904€-7k€-2k▲
Profit (loss) for the period to be appropriated9905€-7k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€14k▼
Profit (loss) brought forward from the previous period14P€23k€16k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €260 | €356 | €1k | €2k | ▲ 23.7% |
| Other operating charges640/8 | - | €515 | €76 | €474 | €18 | ▼ 96.2% |
| Non-recurring operating charges66A | - | €2k | - | - | - | - |
| Gross operating margin9900 | €-30 | €-1k | €647 | €-6k | €-1k | ▲ 76.0% |
| Operating profit (loss)9901 | €-4k | €-4k | €215 | €-8k | €-3k | ▲ 61.3% |
| Financial income75/76B | - | €1k | €1k | €972 | €787 | ▼ 19.0% |
| Recurring financial income75 | €1k | €1k | €1k | €972 | €787 | ▼ 19.0% |
| Financial charges65/66B | - | €430 | €596 | €396 | €225 | ▼ 43.2% |
| Recurring financial charges65 | €412 | €430 | €596 | €396 | €225 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | €-4k | €-3k | €878 | €-7k | €-2k | ▲ 66.1% |
| Profit (loss) for the period9904 | €-4k | €-3k | €878 | €-7k | €-2k | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-3k | €878 | €-7k | €-2k | ▲ 66.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45k | €42k | €44k | €37k | €35k | ▼ 5.8% |
| Fixed assets21/28 | - | €3k | €3k | €9k | €8k | ▼ 16.6% |
| Tangible fixed assets22/27 | - | €3k | €3k | €9k | €8k | ▼ 16.6% |
| Land and buildings22 | - | €3k | €3k | €6k | €5k | ▼ 12.2% |
| Plant, machinery and equipment23 | - | - | - | €4k | €3k | ▼ 23.5% |
| Current assets29/58 | €45k | €39k | €41k | €28k | €27k | ▼ 2.2% |
| Amounts receivable within one year40/41 | €26k | €25k | €23k | €23k | €21k | ▼ 8.7% |
| Trade receivables40 | - | €3k | €3k | €3k | €3k | = |
| Other amounts receivable41 | - | €22k | €20k | €20k | €18k | ▼ 9.8% |
| Cash at bank and in hand54/58 | €20k | €14k | €18k | €5k | €6k | ▲ 30.1% |
| Deferred charges and accrued income490/1 | - | - | €35 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45k | €42k | €44k | €37k | €35k | ▼ 5.8% |
| Equity10/15 | €45k | €42k | €43k | €36k | €34k | ▼ 6.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Legal reserve130 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | - | - | €1k | €1k | = |
| Profit (loss) carried forward14 | €25k | €22k | €23k | €16k | €14k | ▼ 15.1% |
| Amounts payable17/49 | €35 | €62 | €800 | €767 | €1k | ▲ 36.4% |
| Amounts payable within one year42/48 | €35 | €62 | €800 | €767 | €1k | ▲ 36.4% |
| Trade debts44 | €35 | €62 | €800 | €767 | €1k | ▲ 36.4% |
| Suppliers440/4 | - | €62 | €800 | €767 | €1k | ▲ 36.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-3k | €878 | €-7k | €-2k | ▲ 66.1% |
| + Depreciation and write-downs630 | €4k | €260 | €356 | €1k | €2k | ▲ 23.7% |
| Operating cash flow (approximation) | €168 | €-3k | €1k | €-6k | €-890 | ▲ 84.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €-7k | €0 | ▲ 100% |
| Change in cash | - | €-6k | €4k | €-14k | €1k | ▲ 110% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €878
Net result €878 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 6current ratio 1294.11
Current ratio from 209.75 to 1294.11; short-term debt falls from €216 to €35.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Modave · 2 establishment units since 1988
Ground area
6,438 m²
Building footprint
1,053 m²
Volume, LiDAR
5,212 m³
2 parcels, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
LUTTIX
since 19882.040.658.977
Route de Hamoir 40, 4577 Modave
since 20112.208.402.562
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61058C0340/00B000 | Wallonia | 5,651 m² | 1 · 955 m² | 6.7 m · 2 fl. |
| 61058A0071/00D000 | Wallonia | 787 m² | 1 · 98 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesModave2.208.402.562
Modave2.040.658.977
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Of 7,636 companies in sector 01410 we hold annual accounts for 1,847. 1,072 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
Founded06-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
01410Raising of dairy cattle
Scores and ratios are computed by Checked and are not a credit decision.