LUVANCO
ActiveSummary
LUVANCO has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,789 and a net result of €5,905. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 24% of 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €22,789
- Profit
- €5,905
- KENIS,Hilde Louisa ValentineDirector
- VAN WETSWINKEL,LucDirector
Why 87raises riskSector: Specialised construction activities (NACE 43)Equity €22,789 (22.5% of total assets)lowers riskFounded in 2006Liquidity: current ratio 1.31, cash €37,083Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 24% on solvency, 68% on liquidity, 22% on profitability and 77% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €5,905
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 80% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €826 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,230 | €1,548 | €1,979 | €7,330 | €11,742 | €12,263 | €11,958 | €5,963 | ▼ 50.1% |
| Other operating charges640/8 | - | - | - | €985 | €1,374 | €2,520 | €922 | €1,582 | ▲ 71.5% |
| Non-recurring operating charges66A | - | - | - | €126 | - | - | - | - | - |
| Gross operating margin9900 | €10,771 | €41,157 | €43,352 | €31,833 | €880 | €7,369 | €20,609 | €21,466 | ▲ 4.2% |
| Operating profit (loss)9901 | €2,733 | €38,939 | €40,703 | €23,392 | -€12,236 | -€7,415 | €7,729 | €13,922 | ▲ 80.1% |
| Financial income75/76B | - | - | - | €51 | €25 | €10 | €31 | €7 | ▼ 77.4% |
| Recurring financial income75 | €0 | €169 | €18 | €51 | €25 | €10 | €31 | €7 | ▼ 77.4% |
| Financial charges65/66B | - | - | - | €8,664 | €11,105 | €7,421 | €8,453 | €8,024 | ▼ 5.1% |
| Recurring financial charges65 | €2,334 | €4,602 | €6,608 | €8,664 | €11,105 | €7,421 | €8,453 | €8,024 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €399 | €34,507 | €34,113 | €14,779 | -€23,316 | -€14,826 | -€693 | €5,905 | - |
| Income taxes67/77 | €165 | €5,149 | €11,666 | €5,766 | - | €0 | -€0 | - | - |
| Profit (loss) for the period9904 | €234 | €29,358 | €22,447 | €9,013 | -€23,316 | -€14,826 | -€693 | €5,905 | - |
| Profit (loss) for the period to be appropriated9905 | €234 | €29,358 | €22,447 | €9,013 | -€23,316 | -€14,826 | -€693 | €5,905 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12,569 | €48,081 | €87,971 | €155,395 | €134,175 | €63,985 | €43,781 | €101,235 | ▲ 131% |
| Fixed assets21/28 | €3,645 | €2,096 | €4,919 | €38,909 | €29,501 | €17,238 | €6,379 | €31,826 | ▲ 399% |
| Tangible fixed assets22/27 | €3,645 | €2,096 | €4,919 | €38,909 | €29,501 | €17,238 | €6,379 | €31,826 | ▲ 399% |
| Plant, machinery and equipment23 | - | - | - | €4,034 | €3,756 | €2,269 | €1,197 | €365 | ▼ 69.5% |
| Furniture and vehicles24 | - | - | - | €34,527 | €25,571 | €14,970 | €5,182 | €31,461 | ▲ 507% |
| Other tangible fixed assets26 | - | - | - | €348 | €174 | - | - | - | - |
| Current assets29/58 | €8,925 | €45,984 | €83,053 | €116,486 | €104,674 | €46,746 | €37,402 | €69,409 | ▲ 85.6% |
| Stocks and contracts in progress3 | - | - | - | €42,500 | €34,000 | €27,000 | - | €15,000 | - |
| Contracts in progress37 | - | - | - | €42,500 | €34,000 | €27,000 | - | €15,000 | - |
| Amounts receivable within one year40/41 | €8,392 | €33,217 | €54,371 | €46,750 | €56,947 | €19,695 | €26,316 | €14,045 | ▼ 46.6% |
| Trade receivables40 | - | - | - | €8,749 | €19,693 | €114 | €10,782 | €2,740 | ▼ 74.6% |
| Other amounts receivable41 | - | - | - | €38,001 | €37,255 | €19,581 | €15,534 | €11,305 | ▼ 27.2% |
| Cash at bank and in hand54/58 | €533 | €12,768 | €28,682 | €27,236 | €13,727 | €51 | €11,086 | €37,083 | ▲ 235% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €3,281 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12,569 | €48,081 | €87,971 | €155,395 | €134,175 | €63,985 | €43,781 | €101,235 | ▲ 131% |
| Equity10/15 | -€5,100 | €24,259 | €46,706 | €55,719 | €32,403 | €17,577 | €16,884 | €22,789 | ▲ 35.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €17,536 | €18,059 | €40,506 | €49,519 | €37,842 | €37,842 | €37,842 | €37,842 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €47,659 | €35,982 | €35,982 | €37,842 | €37,842 | = |
| Profit (loss) carried forward14 | -€28,836 | - | - | - | -€11,640 | -€26,466 | -€27,159 | -€21,254 | ▲ 21.7% |
| Amounts payable17/49 | €17,669 | €23,822 | €41,266 | €99,676 | €101,772 | €46,408 | €26,897 | €78,446 | ▲ 192% |
| Amounts payable after more than one year17 | - | - | - | €23,371 | €13,878 | €4,135 | - | €25,335 | - |
| Financial debts170/4 | - | - | - | €23,371 | €13,878 | €4,135 | - | €25,335 | - |
| Amounts payable within one year42/48 | €17,669 | €23,822 | €41,266 | €76,305 | €87,894 | €42,273 | €26,897 | €53,049 | ▲ 97.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,248 | €9,493 | €9,743 | €4,136 | €5,615 | ▲ 35.8% |
| Financial debts43 | - | - | - | - | €1,678 | €3,166 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €1,678 | €3,166 | - | - | - |
| Trade debts44 | €11,247 | €18,663 | €29,600 | €66,291 | €62,080 | €11,507 | €13,661 | €44,799 | ▲ 228% |
| Suppliers440/4 | - | - | - | €66,291 | €62,080 | €11,507 | €13,661 | €44,799 | ▲ 228% |
| Taxes, remuneration and social security45 | - | - | - | €766 | €766 | - | - | €88 | - |
| Taxes450/3 | - | - | - | €766 | €766 | - | - | €88 | - |
| Other amounts payable47/48 | - | - | - | - | €13,878 | €17,857 | €9,100 | €2,547 | ▼ 72.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €62 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €234 | €29,358 | €22,447 | €9,013 | -€23,316 | -€14,826 | -€693 | €5,905 | - |
| + Depreciation and write-downs630 | €7,230 | €1,548 | €1,979 | €7,330 | €11,742 | €12,263 | €11,958 | €5,963 | ▼ 50.1% |
| Operating cash flow (approximation) | €7,463 | €30,906 | €24,426 | €16,343 | -€11,574 | -€2,563 | €11,265 | €11,868 | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | €0 | -€4,801 | -€41,319 | -€2,335 | €0 | -€1,099 | -€31,409 | ▼ 2,758% |
| Change in cash | - | €12,235 | €15,914 | -€1,445 | -€13,509 | -€13,676 | €11,035 | €25,997 | ▲ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00188062 |
| 31-12-2024 | micro format | 15-07-2025 | 2025-00288064 |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00251570 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00382203 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20351237 |
| 31-12-2020 | micro format | 23-08-2021 | 2021-53500485 |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41700158 |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49700011 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57400371 |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44800443 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KENIS,Hilde Louisa Valentine |
|
| VAN WETSWINKEL,Luc |
|
Owners and capital
Capital and shareholders
- 02-04-2024 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-04
Gazette deed
Resignations: VAN WETSWINKEL,Luc (manager) and KENIS,Hilde Louisa Valentine (manager)Appointments: VAN WETSWINKEL,Luc (director) and KENIS,Hilde Louisa Valentine (director) · Capital conversion · Reserve release13 facts ▸
- General meeting, 25-03-2024
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, EERSTE BESLUIT” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Director resignation, VAN WETSWINKEL,Luc (manager)
- Director resignation, KENIS,Hilde Louisa Valentine (manager)
- Director appointment, VAN WETSWINKEL,Luc (director (not named in the articles))
- Director appointment, KENIS,Hilde Louisa Valentine (director (not named in the articles))
- Declaration, “afwezigheid beroepsverbod, geen beroepsverbod uitgesproken” (deed in Dutch) (2 times)
- Registered office clause, “Lijsterbesstraat 5,3583 Beringen(Paal), VIERDE BESLUIT” (deed in Dutch)
- Amendment of the articles
- Capital
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0879.640.243
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71382D0706/00E002 | Flanders | 1,336 m² | 1 · 194 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het waterdicht maken,bedekken en droogmaken van gebouwen,; Het plaatsen van lood- en zinkwerk,van sanitaire installaties,waterverzachters en…” (deed in Dutch)
2 activities (deed in Dutch)
- Het waterdicht maken,bedekken en droogmaken van gebouwen,
- Het plaatsen van lood- en zinkwerk,van sanitaire installaties,waterverzachters en gasverwarming,van centrale verwarming met water en stoom,van plastic en plastic oversteken,van ventilatie en verluchting,verwarming met warme lucht,luchtregeling en industriële pijpleidingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LUVANCO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, algemene vergadering kan mandaat steeds beëindigen wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of April at 18:00