Luvi
ActiveSummary
The computed 12-month bankruptcy probability of Luvi is 2.7% (moderate). The 2024 annual accounts show equity of €109k and a net result of €19k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 6720 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+18
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.67 against 5.54 in 2023; short-term debt: 13.2% and cash: 69.7% of total assets), and 13.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
22 d late
2022
29 d late
2021
2 d late
2020
26 d late
2019
84 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€109k▲ 21.7%
2023 · €90k
2019: €39klowest in 6 years
2020: €47k▲ +22.3% vs 2019
2021: €68k▲ +45.2% vs 2020
2022: €89k▲ +29.9% vs 2021
2023: €90k▲ +1.0% vs 2022
2024: €109k▲ +21.7% vs 2023highest in 6 years
2019 → 2024
Total assets
€126k▲ 15.7%
2023 · €109k
2019: €90klowest in 6 years
2020: €99k▲ +9.4% vs 2019
2021: €96k▼ -2.5% vs 2020
2022: €123k▲ +27.6% vs 2021
2023: €109k▼ -11.2% vs 2022
2024: €126k▲ +15.7% vs 2023highest in 6 years
2019 → 2024
Net result
€19k▲ 2,109%
2023 · €882
2019: €48khighest in 6 years
2020: €9k▼ -82.3% vs 2019
2021: €21k▲ +148% vs 2020
2022: €20k▼ -3.8% vs 2021
2023: €882▼ -95.7% vs 2022lowest in 6 years
2024: €19k▲ +2109% vs 2023
2019 → 2024
Working capital
€94k▲ 23.0%
2023 · €77k
2019: €30klowest in 6 years
2020: €40k▲ +33.2% vs 2019
2021: €59k▲ +47.0% vs 2020
2022: €76k▲ +27.4% vs 2021
2023: €77k▲ +1.4% vs 2022
2024: €94k▲ +23.0% vs 2023highest 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€47k-€68k▲ 45.2%€89k▲ 29.9%€90k▲ 1.0%€109k▲ 21.7%
2020: €47klowest in 5 years
2021: €68k▲ +45.2% vs 2020
2022: €89k▲ +29.9% vs 2021
2023: €90k▲ +1.0% vs 2022
2024: €109k▲ +21.7% vs 2023highest in 5 years
Operating result€13k-€25k▲ 101%€29k▲ 13.4%€2k▼ 93.9%€28k▲ 1,496%
2020: €13k
2021: €25k▲ +101% vs 2020
2022: €29k▲ +13.4% vs 2021highest in 5 years
2023: €2k▼ -93.9% vs 2022lowest in 5 years
2024: €28k▲ +1496% vs 2023
Net result€9k-€21k▲ 148%€20k▼ 3.8%€882▼ 95.7%€19k▲ 2,109%
2020: €9k
2021: €21k▲ +148% vs 2020highest in 5 years
2022: €20k▼ -3.8% vs 2021
2023: €882▼ -95.7% vs 2022lowest in 5 years
2024: €19k▲ +2109% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,496% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€15k ▼ 1.9%
Current assets
€111k ▲ 18.6%
Equity and liabilities €126k
Equity
€109k ▲ 21.7%
Debt
€17k ▼ 12.5%
Debt's share of the balance-sheet total falls from 17.5% to 13.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2023 · €7k
Cash flow
€24k▲
2023 · €6k
Current ratio
6.67▲
2023 · 5.54
Debt to equity
0.15▼
2023 · 0.21
ROE
17.8%▲
2023 · 1.0%
ROA
15.5%▲
2023 · 0.8%
Interest coverage
72.96▲
2023 · 18.90
Debt ≤ 1 year
€17k▼
2023 · €17k
Income taxes
€8k▲
2023 · €481
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€109k€126k▲
Fixed assets21/28€15k€15k▼
Tangible fixed assets22/27€15k€14k▼
Plant, machinery and equipment23€1k€879▼
Furniture and vehicles24€11k€8k▼
Other tangible fixed assets26€2k€6k▲
Financial fixed assets28€353€353=
Current assets29/58€94k€111k▲
Amounts receivable within one year40/41€11k€21k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€5k€14k▲
Cash at bank and in hand54/58€80k€88k▲
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€109k€126k▲
Equity10/15€90k€109k▲
Contributions10/11€6k€6k=
Reserves13€82k€101k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€80k€101k▲
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€19k€17k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€17k€17k▼
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€2k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€664€478▼
Gross operating margin9900€8k€35k▲
Operating profit (loss)9901€2k€28k▲
Financial income75/76B-€9
Recurring financial income75-€9
Financial charges65/66B€383€437▲
Recurring financial charges65€383€437▲
Profit (loss) for the period before taxes9903€1k€27k▲
Income taxes67/77€481€8k▲
Profit (loss) for the period9904€882€19k▲
Profit (loss) for the period to be appropriated9905€882€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€21k▲
Profit (loss) brought forward from the previous period14P€659€2k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
The notes to these accounts (6 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 | €2k | €3k | €5k | €5k | €4k | ▼ 26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3k | - |
| Other operating charges640/8 | - | €569 | €543 | €664 | €478 | ▼ 28.0% |
| Gross operating margin9900 | €15k | €28k | €34k | €8k | €35k | ▲ 346% |
| Operating profit (loss)9901 | €13k | €25k | €29k | €2k | €28k | ▲ 1,496% |
| Financial income75/76B | - | €0 | - | - | €9 | - |
| Recurring financial income75 | €1 | €0 | - | - | €9 | - |
| Financial charges65/66B | - | €249 | €471 | €383 | €437 | ▲ 14.3% |
| Recurring financial charges65 | €812 | €249 | €471 | €383 | €437 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €12k | €25k | €28k | €1k | €27k | ▲ 1,913% |
| Income taxes67/77 | €3k | €4k | €8k | €481 | €8k | ▲ 1,551% |
| Profit (loss) for the period9904 | €9k | €21k | €20k | €882 | €19k | ▲ 2,109% |
| Profit (loss) for the period to be appropriated9905 | €9k | €21k | €20k | €882 | €19k | ▲ 2,109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99k | €96k | €123k | €109k | €126k | ▲ 15.7% |
| Fixed assets21/28 | €8k | €9k | €20k | €15k | €15k | ▼ 1.9% |
| Tangible fixed assets22/27 | €8k | €9k | €20k | €15k | €14k | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €879 | ▼ 37.2% |
| Furniture and vehicles24 | - | €4k | €15k | €11k | €8k | ▼ 28.8% |
| Other tangible fixed assets26 | - | €2k | €3k | €2k | €6k | ▲ 139% |
| Financial fixed assets28 | €335 | €337 | €352 | €353 | €353 | = |
| Current assets29/58 | €90k | €87k | €102k | €94k | €111k | ▲ 18.6% |
| Amounts receivable within one year40/41 | €16k | €3k | €10k | €11k | €21k | ▲ 82.6% |
| Trade receivables40 | - | €2k | €9k | €6k | €7k | ▲ 12.1% |
| Other amounts receivable41 | - | €729 | €427 | €5k | €14k | ▲ 167% |
| Cash at bank and in hand54/58 | €70k | €83k | €90k | €80k | €88k | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | €770 | €3k | €3k | €3k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99k | €96k | €123k | €109k | €126k | ▲ 15.7% |
| Equity10/15 | €47k | €68k | €89k | €90k | €109k | ▲ 21.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €40k | €62k | €82k | €82k | €101k | ▲ 23.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €60k | €80k | €80k | €101k | ▲ 26.5% |
| Profit (loss) carried forward14 | €558 | €566 | €659 | €2k | €2k | ▲ 6.1% |
| Amounts payable17/49 | €51k | €28k | €34k | €19k | €17k | ▼ 12.5% |
| Amounts payable after more than one year17 | €1k | - | €7k | €2k | - | - |
| Financial debts170/4 | - | - | €7k | €2k | - | - |
| Amounts payable within one year42/48 | €50k | €28k | €27k | €17k | €17k | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €1k | €7k | €5k | €4k | ▼ 15.3% |
| Trade debts44 | €4k | €8k | €3k | €6k | €6k | ▲ 9.1% |
| Suppliers440/4 | - | €8k | €3k | €6k | €6k | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | €15k | €14k | €4k | €6k | ▲ 52.2% |
| Taxes450/3 | - | €12k | €11k | €4k | €3k | ▼ 24.0% |
| Remuneration and social security454/9 | - | €3k | €3k | - | €3k | - |
| Other amounts payable47/48 | - | €3k | €3k | €2k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €21k | €20k | €882 | €19k | ▲ 2,109% |
| + Depreciation and write-downs630 | €2k | €3k | €5k | €5k | €4k | ▼ 26.2% |
| Operating cash flow (approximation) | €11k | €24k | €25k | €6k | €24k | ▲ 270% |
| Investment in fixed assets (approximation) | - | €-3k | €-16k | €-340 | €-4k | ▼ 1,005% |
| Change in cash | - | €13k | €7k | €-10k | €8k | ▲ 179% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Equity above €100kEq €109k ▲21.7%
6 profitable years in a row build equity to €109k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €882 ▼95.7%
Net result drops to €882, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
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, Lebbeke · 1 establishment unit since 2018
Ground area
586 m²
Building footprint
216 m²
Volume, LiDAR
854 m³
Parcel 42322C0649/00D002, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Luvi
since 20182.282.884.508
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0649/00D002 | Flanders | 586 m² | 1 · 215 m² | 7.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 204 EUR awarded · 204 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 204 EUR |
| 2022 | 1 | 204 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,366 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
Founded16-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
38110Waste collection, recovery and disposal activities
81230Other cleaning activities
Scores and ratios are computed by Checked and are not a credit decision.