Luvian decor
ActiveThe computed 12-month bankruptcy probability of Luvian decor is 1.5% (moderate). The 2024 annual accounts show equity of €238k and a net result of €72k. Equity is growing by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 3549 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+28
Solvency67▲+16
Growth62▲+16
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.38 in 2023; short-term debt: 33.8% and cash: 15.8% of total assets), but 58.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
21 d early
2021
40 d early
2020
33 d early
2019
14 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€754k▼ 6.2%
2023 · €804k
2018: €790k
2019: €836k
2020: €718k
2021: €952k
2022: €960k
2023: €804k
2018 → 2024
EBIT margin
16.2%▲ 13.7pp
2023 · 2.5%
2018: 11.7%
2019: 9.7%
2020: 9.3%
2021: 22.3%
2022: 9.1%
2023: 2.5%
2018 → 2024
Net result
€72k▲ 547%
2023 · €11k
2018: €67k
2019: €59k
2020: €54k
2021: €145k
2022: €61k
2023: €11k
2018 → 2024
Working capital
€124k▲ 9.5%
2023 · €113k
2018: €23k
2019: €27k
2020: €25k
2021: €91k
2022: €138k
2023: €113k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€718k-€952k▲ 32.6%€960k▲ 0.8%€804k▼ 16.2%€754k▼ 6.2%
Equity€27k-€94k▲ 250%€155k▲ 64.7%€166k▲ 7.2%€238k▲ 43.5%
Operating result€67k-€213k▲ 218%€87k▼ 58.9%€20k▼ 76.8%€122k▲ 501%
Net result€54k-€145k▲ 169%€61k▼ 58.0%€11k▼ 81.7%€72k▲ 547%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 501% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €572k
Fixed assets
€255k▲ 7.4%
Current assets
€317k▼ 22.2%
Equity and liabilities €572k
Equity
€238k▲ 43.5%
Debt
€333k▼ 30.3%
The debt ratio falls from 74.2% to 58.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131k▲
2023 · €22k
Cash flow
€81k▲
2023 · €13k
Solvency
41.7%▲
2023 · 25.8%
Current ratio
1.64▲
2023 · 1.38
Quick ratio
1.64▲
2023 · 1.38
Debt / equity
1.40▼
2023 · 2.88
ROE
30.3%▲
2023 · 6.7%
ROA
12.6%▲
2023 · 1.7%
Interest coverage
12.18▲
2023 · 10.08
Debt
€333k▼
2023 · €478k
Debt ≤ 1 year
€193k▼
2023 · €294k
Debt > 1 year
€140k▼
2023 · €184k
Income taxes
€39k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€644k€572k▼
Fixed assets21/28€238k€255k▲
Tangible fixed assets22/27€237k€255k▲
Land and buildings22€234k€228k▼
Plant, machinery and equipment23€3k€21k▲
Furniture and vehicles24€404€5k▲
Financial fixed assets28€225€225=
Current assets29/58€407k€317k▼
Amounts receivable within one year40/41€391k€212k▼
Trade receivables40€382k€199k▼
Other amounts receivable41€9k€13k▲
Cash at bank and in hand54/58€5k€90k▲
Deferred charges and accrued income490/1€10k€14k▲
Equity and liabilities
Total equity and liabilities10/49€644k€572k▼
Equity10/15€166k€238k▲
Contributions10/11€19k€19k=
Reserves13€71k€71k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€65k€65k=
Profit (loss) carried forward14€76k€148k▲
Amounts payable17/49€478k€333k▼
Amounts payable after more than one year17€184k€140k▼
Financial debts170/4€184k€140k▼
Amounts payable within one year42/48€294k€193k▼
Current portion of amounts payable after more than one year42€42k€44k▲
Trade debts44€249k€113k▼
Suppliers440/4€249k€113k▼
Taxes, remuneration and social security45€3k€36k▲
Taxes450/3€3k€30k▲
Remuneration and social security454/9-€6k
Income statement
Code20232024
Turnover70€804k€754k▼
Non-recurring operating income76A€4k€5k▲
Goods, raw materials, services and sundry goods60/61€744k€603k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€8k▲
Other operating charges640/8€29k€24k▼
Non-recurring operating charges66A€12k€698▼
Gross operating margin9900€64k€156k▲
Operating profit (loss)9901€20k€122k▲
Financial income75/76B€58€144▲
Recurring financial income75€58€144▲
Financial charges65/66B€2k€11k▲
Recurring financial charges65€2k€11k▲
Profit (loss) for the period before taxes9903€18k€112k▲
Income taxes67/77€7k€39k▲
Profit (loss) for the period9904€11k€72k▲
Profit (loss) for the period to be appropriated9905€11k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€148k▲
Profit (loss) brought forward from the previous period14P€65k€76k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200kEq €238k ▲43.5%
7 profitable years in a row build equity to €238k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼81.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €155k ▲64.7%
5 profitable years in a row build equity to €155k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €145k ▲169%
Operating result €213k, net result €145k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Vorst · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Volxemlaan 51190 VorstGround area
348 m²
Building footprint
256 m²
Volume, LiDAR
3,150 m³
2 parcels, Brussels · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Luvian decor
since 20072.161.027.663
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0034/00B003 | Brussels | 208 m² | 1 · 161 m² | 19.7 m · 5 fl. |
| 21382C0229/00P000 | Brussels | 140 m² | 1 · 95 m² | 15.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Stebo-Steigers
BE 0782.983.802
Hooglede · Eq €238k
RENOPART
BE 0540.589.116
Schilde · Eq €239k
RENOX
BE 0549.983.268
Arendonk · Eq €238k
HIPEKA
BE 0874.248.429
Zele · Eq €238k
PLAPIT-INVEST
BE 0651.804.465
Asse · Eq €239k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2007
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0484262875