Debts
€122,788 90% of the balance sheet
Financial debts 6%Suppliers 9%Taxes and wages 4%Other 82%
Of this, €115,590 falls due within a year.
LUWELLE
Lifetime
12 annual accounts with figures on one time axis, 13 filings since 2013peak €94,515 (2013)
€28,957▲ 51.7%
lowest -€8,784 (2015)
€6,998▼ 27.8%
peak €13,603 (2025)
€13,603▲ 106%
€122,788▲ 138%
peak 2.9 FTE (2014)
-not published
Board4 names since 2023
2 directorsLuc Tilburgh and 1 other
Documentsfilings and deeds
23-09-202654 days late
2025abbreviated format
Gross margin from €19,091 to €28,957Result from €9,692 to €6,998Equity from €6,605 to €13,603Debts from €51,574 to €122,788Investments €117,763Cash from €17,118 to €4,224
Key points
from the 2025 annual accountsInvestments
€117,763 6.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 13337.7% higher than in 2024.
Liquidity
0.15 was 0.84 in 2024
Short-term debts rose from €47,096 to €115,590.
2025 accounts filed 54 days after the deadline
Checked score
51
Fair
Financially stronger than 47% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025lowest value
05-2025: 1.5%▲ +0.2 percentage points vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025
08-2025: 2.2%▲ +0.6 percentage points vs 07-2025
09-2025: 2.5%▲ +0.3 percentage points vs 08-2025
10-2025: 2.6%▲ +0.1 percentage points vs 09-2025
11-2025: 2.6%● unchanged vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 2.5%▼ -0.1 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.6%▲ +0.1 percentage points vs 03-2026
05-2026: 2.8%▲ +0.2 percentage points vs 04-2026
06-2026: 1.4%▼ -1.4 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.8%▲ +0.4 percentage points vs 07-2026
09-2026: 2.2%▲ +0.4 percentage points vs 08-2026
10-2026: 2.8%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 2.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 54 days late; 2 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
Liquidity: current ratio 0.15, cash €4,224, halved
lowers risk
Founded in 2012
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 56, micro). It does better than 33% of them on solvency, 8% on liquidity, 58% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,325 companies had the same profile as LUWELLE has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LUWELLE itself is higher: 2.8% within 12 months. It rests on far more data about LUWELLE than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,325 companies, not a prediction for LUWELLE. 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 €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.15 (0.84 in 2024), below 1. Short-term debt is 84.7% and cash 3.1% of total assets. 90% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
54 days late
2024
46 days late
2023
19 days late
2022
7 days late
2021
9 days late
2020
29 days early
2019
73 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 26 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 20 August (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0844409150
Company renamed from PITCHFORK to LUWELLE
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 18-06-2024 · Gazette deed
Registered office moved from Herenthout to Merchtem
New registered office: Sint-Huybrechtstraat 5, 1785 Merchtem · Previous registered office: Niemandshoek 10, 2270 Herenthout · Resignations: Jochem Van Reeth (manager) and Annick Provo (manager) · General meeting of 31-12-2023 · Gazette deed
Incorporation
published on 26-03-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUWELLE Merchtem | €136,391 | €28,957 | 10.0% | - |
| KAFFEE-FM Machelen (Brab.) | €124,199 | €33,407 | 64.9% | - |
| Café De Casino Sint-Niklaas | €134,296 | €30,519 | 55.6% | - |
| VILLA 99 Ronse | €132,549 | €25,502 | 56.3% | - |
| LE PHEBUS Evere | €149,172 | €26,836 | 90.8% | - |
| Xaro Mechelen | €127,844 | €24,804 | -93.3% | - |
| VAILLANCE 1070 Anderlecht | €123,169 | €31,984 | 85.0% | - |
These companies have the same main activity as LUWELLE: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €123,000 and €149,000, founded between 2010 and 2012.
Official details
Source: KBO- Status
- Active since 01-03-2012Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment unit
- 2.208.952.4921785 Merchtem, since 01-03-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Insights on LUWELLE
LUWELLE files the abbreviated format. That format states no turnover. The gross margin fell from €94,515 in 2013 to €28,957 in 2025.
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 LUWELLE
- What is the company number of LUWELLE?
- The company number of LUWELLE is 0844.409.150. The VAT number is the same number with BE in front: BE 0844.409.150.
- Where is LUWELLE based?
- The registered office is at Sint Huybrechtstraat 5, 1785 Merchtem.Company details
- What does LUWELLE do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of LUWELLE?
- LUWELLE is a private limited company (BV).
- When was LUWELLE founded?
- LUWELLE was founded on 01-03-2012.
- Is LUWELLE still active?
- Yes, LUWELLE is an active enterprise in the KBO register.
- What is the turnover of LUWELLE?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €28,957 and 56 comparable companies (NACE 56301). It probably lies between €86,000 and €170,000.Financials
- Is LUWELLE profitable?
- In financial year 2025, LUWELLE made a profit of €6,998.
- Where can I find the annual accounts of LUWELLE?
- LUWELLE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUWELLE due?
- LUWELLE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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