Equity
€240,300 ▲ 0.8%
Luvian decor has made a profit in every financial year since 2007.
Luvian decor
Lifetime
19 annual accounts with figures on one time axispeak €959,628 (2022)
€477,770▼ 36.7%
peak €145,099 (2021)
€1,870▼ 97.4%
peak €240,300 (2025)
€240,300▲ 0.8%
€201,861▼ 39.4%
Board1 name since 2019
-
Documentsfilings and deeds
09-10-202670 days late
2025micro format
Turnover from €754,329 to €477,770Gross margin from €155,583 to €70,673Result from €72,255 to €1,870Debts from €333,133 to €201,861Investments €35,812Cash from €90,356 to €41,966
Key points
from the 2025 annual accountsResult
€1,870 ▼ 97.4%
The result fell in 2025 from €72,255 to €1,870.
Investments
€35,812 2.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 30.5% higher than in 2024.
Payment terms
27 days to suppliers
Luvian decor pays its suppliers 41 days earlier than in 2024. Customers pay 27 days earlier.
Filings
19 annual accounts 70 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€240,300
More equity than 87% of companies in specialised construction. Sector median €57,716 · 35,168 companies.
Checked score
67
Healthy
Financially stronger than 39% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.5%▲ +0.1 percentage points vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.5 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.2%▲ +0.1 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.9%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 70 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Size: turnover €477,770, total assets €442,161
lowers risk
Founded in 2007
Calculation
The band follows from the bankruptcy probability. 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). It does better than 59% of them on solvency, 48% on liquidity, 25% on profitability and 25% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as Luvian decor has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Luvian decor itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 10,904 companies, not a prediction for Luvian decor. 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.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.52 (1.64 in 2024), above the usual 1.5. Short-term debt is 24.4% and cash 9.5% of total assets. 45.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-10-2026, 70 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
70 days late
2024
31 days early
2023
34 days early
2022
21 days early
2021
40 days early
2020
33 days early
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- LUNGU Vladimir 60 sharesdeed of 29-05-2019
- LUNGU FLORENTIAN 25 sharesdeed of 29-05-2019
- BANDOL IOAN DUMITRU 15 sharesdeed of 29-05-2019
Recent changes
Amendment of the articles · Legal-form change · Resignations & appointments
Board composition: LUNGU Vladimir (director) · Board composition: LUNGU Florentina (director) · Gazette deed
Appointment: LUNGU Florentina (manager)
LUNGU Vladimir holds 60 shares · LUNGU FLORENTIAN holds 25 shares · BANDOL IOAN DUMITRU holds 15 shares · General meeting of 01-04-2019 · Gazette deed
First establishment
Wielemans Ceuppenslaan 133/4, Forest
Incorporation
published on 12-03-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Luvian decor Forest | €442,161 | €70,673 | 54.3% | - |
| MITROFAN Ganshoren | €472,204 | €84,802 | 63.2% | - |
| BOTIBAT Brussels | €365,968 | €76,840 | 22.0% | - |
| G.A.T. Wezembeek-Oppem | €434,842 | €71,033 | 95.4% | - |
| NOAH Beveren-Kruibeke-Zwijndrecht | €481,957 | €70,993 | 17.9% | - |
| ACEKA Eupen | €417,728 | €63,073 | 78.0% | - |
| DEBROUX CONSTRUCT Rixensart | €474,097 | €80,039 | 91.4% | - |
These companies have the same main activity as Luvian decor: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €366,000 and €482,000, founded between 2005 and 2007.
Official details
Source: KBO- Status
- Active since 02-03-2007Normal situation
- Activity
- Other specialised construction activitiesNACE 43990
- Establishment unit
- 2.161.027.6631190 Forest, since 03-04-2007
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on Luvian decor
Luvian decor has existed since 2007. Turnover grew from €93,414 in 2007 to €477,770 in 2025.
Turnover has fallen every year since 2022. Solvency rose in 2025 from 41.7% to 54.3% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Luvian decor
- What is the company number of Luvian decor?
- The company number of Luvian decor is 0887.641.852. The VAT number is the same number with BE in front: BE 0887.641.852.
- Where is Luvian decor based?
- The registered office is at Van Volxemlaan 5, 1190 Forest.Company details
- What does Luvian decor do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of Luvian decor?
- Luvian decor is a private limited company (BV).
- When was Luvian decor founded?
- Luvian decor was founded on 02-03-2007.
- Is Luvian decor still active?
- Yes, Luvian decor is an active enterprise in the KBO register.
- What is the turnover of Luvian decor?
- The turnover of Luvian decor was €477,770 in financial year 2025, according to the filed annual accounts.Financials
- Is Luvian decor profitable?
- In financial year 2025, Luvian decor made a profit of €1,870.
- Where can I find the annual accounts of Luvian decor?
- Luvian decor filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Luvian decor due?
- Luvian decor must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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