Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Ten of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
More equity than 90% of companies in retail trade. Sector median €40,895 · 25,288 companies.
In July 2024, 6,920 companies had the same profile as LUUKKAI has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,920 companies, not a prediction for LUUKKAI. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| LUUKKAI Ninove | €384,363 | €7,920 | 77.1% | - |
| Bois Energie et Logistique Tinlot | €315,605 | €15,539 | -3.6% | - |
| Poleyn Zwevegem | €410,802 | €16,871 | 24.7% | - |
| EFG Distribution Nivelles | €186,651 | €4,706 | 51.7% | - |
| QUALITY FIRE SOLUTION Merelbeke-Melle | €178,972 | €8,685 | 58.8% | - |
| DE WATERVAL Ardooie | €578,471 | €10,721 | 83.4% | 0.1 |
| FULL CONCEPT Wanze | €703,405 | €17,505 | 97.2% | - |
These companies have the same main activity as LUUKKAI: retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781). They are comparable in size and age: total assets between €179,000 and €703,000, founded between 1995 and 2016.
LUUKKAI files the micro format. That format states no turnover. The gross margin rose from €447 in 2011 to €7,920 in 2025.
The balance sheet grew most in 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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