LUVANO
ActiveSummary
LUVANO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.03M and a net result of €41k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-5
Solvency92▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.37 in 2023; short-term debt: 5.8% and cash: 0.1% of total assets), and 33.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
66.8%
Return on assets
1.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
58 d late
2022
30 d late
2021
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€2.03M▲ 2.1%
2023 · €1.98M
Total assets
€3.03M▼ 0.3%
2023 · €3.04M
Net result
€41k▼ 24.4%
2023 · €55k
Working capital
€-115k▼ 20.5%
2023 · €-95k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€70k-€94k▲ 35.0%€109k▲ 16.1%€101k▼ 8.1%
Net result€44k-€60k▲ 34.9%€55k▼ 8.9%€41k▼ 24.4%
Equity€1.87M-€1.93M▲ 3.2%€1.98M▲ 2.8%€2.03M▲ 2.1%
Total assets€2.81M-€3.36M▲ 19.5%€3.04M▼ 9.4%€3.03M▼ 0.3%
Debt€940k-€1.43M▲ 51.9%€1.06M▼ 25.8%€1.01M▼ 4.8%
Working capital€52k-€156k▲ 202%€-95k€-115k▼ 20.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.03M
Fixed assets
€2.97M ▼ 0.5%
Current assets
€62k ▲ 10.3%
Equity and liabilities €3.03M
Equity
€2.03M ▲ 2.1%
Debt
€1.01M ▼ 4.8%
Debt's share of the balance-sheet total falls from 34.8% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€116k▼
2023 · €124k
Cash flow
€56k▼
2023 · €70k
Current ratio
0.35▼
2023 · 0.37
Debt to equity
0.50▼
2023 · 0.53
ROE
2.0%▼
2023 · 2.8%
ROA
1.4%▼
2023 · 1.8%
Interest coverage
2.46▼
2023 · 3.00
Debt ≤ 1 year
€177k▲
2023 · €151k
Debt > 1 year
€832k▼
2023 · €908k
Income taxes
€15k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €50k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107k | €51k | €15k | €15k | = |
| Other operating charges640/8 | €12k | €12k | €14k | €15k | ▲ 7.8% |
| Gross operating margin9900 | €189k | €157k | €138k | €130k | ▼ 5.6% |
| Operating profit (loss)9901 | €70k | €94k | €109k | €101k | ▼ 8.1% |
| Financial income75/76B | - | - | - | €3k | - |
| Recurring financial income75 | - | - | - | €3k | - |
| Financial charges65/66B | €14k | €19k | €42k | €47k | ▲ 13.0% |
| Recurring financial charges65 | €14k | €19k | €42k | €47k | ▲ 13.0% |
| Profit (loss) for the period before taxes9903 | €56k | €75k | €68k | €57k | ▼ 16.2% |
| Income taxes67/77 | €11k | €15k | €13k | €15k | ▲ 18.4% |
| Profit (loss) for the period9904 | €44k | €60k | €55k | €41k | ▼ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €44k | €60k | €55k | €41k | ▼ 24.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.81M | €3.36M | €3.04M | €3.03M | ▼ 0.3% |
| Fixed assets21/28 | €2.66M | €3.00M | €2.99M | €2.97M | ▼ 0.5% |
| Tangible fixed assets22/27 | €2.66M | €3.00M | €2.99M | €2.97M | ▼ 0.5% |
| Land and buildings22 | €2.66M | €3.00M | €2.99M | €2.97M | ▼ 0.5% |
| Current assets29/58 | €152k | €355k | €56k | €62k | ▲ 10.3% |
| Amounts receivable within one year40/41 | €51k | €65k | €52k | €59k | ▲ 14.6% |
| Trade receivables40 | €26k | €6k | - | €4k | - |
| Other amounts receivable41 | €25k | €59k | €52k | €55k | ▲ 6.2% |
| Cash at bank and in hand54/58 | €15k | €4k | €4k | €2k | ▼ 44.3% |
| Deferred charges and accrued income490/1 | €87k | €287k | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.81M | €3.36M | €3.04M | €3.03M | ▼ 0.3% |
| Equity10/15 | €1.87M | €1.93M | €1.98M | €2.03M | ▲ 2.1% |
| Contributions10/11 | €1.83M | €1.83M | €1.83M | €1.83M | = |
| Reserves13 | €44k | €105k | €159k | €201k | ▲ 26.0% |
| Distributable reserves133 | €44k | €105k | €159k | €201k | ▲ 26.0% |
| Amounts payable17/49 | €940k | €1.43M | €1.06M | €1.01M | ▼ 4.8% |
| Amounts payable after more than one year17 | €840k | €1.23M | €908k | €832k | ▼ 8.4% |
| Financial debts170/4 | €840k | €1.23M | €908k | €832k | ▼ 8.4% |
| Amounts payable within one year42/48 | €100k | €199k | €151k | €177k | ▲ 16.7% |
| Current portion of amounts payable after more than one year42 | €65k | €113k | €75k | €79k | ▲ 5.0% |
| Trade debts44 | - | €9k | €14k | €18k | ▲ 29.4% |
| Suppliers440/4 | - | €9k | €14k | €18k | ▲ 29.4% |
| Advances received on contracts in progress46 | €5k | €5k | €5k | €5k | = |
| Taxes, remuneration and social security45 | €11k | €26k | €28k | €29k | ▲ 2.9% |
| Taxes450/3 | €11k | €26k | €28k | €29k | ▲ 2.9% |
| Other amounts payable47/48 | €20k | €47k | €30k | €47k | ▲ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €60k | €55k | €41k | ▼ 24.4% |
| + Depreciation and write-downs630 | €107k | €51k | €15k | €15k | = |
| Operating cash flow (approximation) | €152k | €111k | €70k | €56k | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | €-396k | €0 | €0 | - |
| Change in cash | - | €-11k | €295 | €-2k | ▼ 710% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €41k ▼24.4%
Net result drops to €41k, the lowest in the series.
31-12
Financial
Equity above €2MEq €2.03M ▲2.1%
4 profitable years in a row build equity to €2.03M.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2021net €60k ▲34.9%
Net result €60k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial 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
1 act for this company is 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, Kalmthout · 1 establishment unit since 2020
Ground area
538 m²
Building footprint
149 m²
Volume, LiDAR
875 m³
Parcel 11662E0510/00H000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUVANO
since 20202.312.153.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0510/00H000 | Flanders | 538 m² | 1 · 149 m² | 8.4 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 3,622 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
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.