Lux-Form
ActiveSummary
For the legal form of Lux-Form, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €178,415 and a net result of -€20,119. Equity is shrinking by ~6% per year across the filed fiscal years. The company has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+53
Solvency52▼-2
Growth32=
Track record100
Credit verdict
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.12 in 2024; short-term debt: 54.4% and cash: 4.5% of total assets), and 72.6% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,119
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
55 d late
2023
1 d early
2022
100 d late
2021
11 d early
2020
10 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 22 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€178,415▼ 10.1%
2024 · €198,534
Total assets
€651,699▼ 4.3%
2024 · €680,812
Net result
-€20,119▲ 42.0%
2024 · -€34,660
Working capital
-€322,753▼ 1.0%
2024 · -€319,681
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
Line20212022202320242025
Operating result-€14,147▲ 1.9%-€15,882▼ 12.3%-€11,322▲ 28.7%-€34,584▼ 205%-€20,074▲ 42.0%
Net result-€14,212▲ 1.8%-€15,951▼ 12.2%-€11,391▲ 28.6%-€34,660▼ 204%-€20,119▲ 42.0%
Equity€260,536▼ 5.2%€244,585▼ 6.1%€233,194▼ 4.7%€198,534▼ 14.9%€178,415▼ 10.1%
Total assets€766,486▼ 2.6%€744,241▼ 2.9%€724,417▼ 2.7%€680,812▼ 6.0%€651,699▼ 4.3%
Debt€505,950▼ 1.2%€499,656▼ 1.2%€491,223▼ 1.7%€482,278▼ 1.8%€473,284▼ 1.9%
Working capital-€351,360▲ 4.6%-€335,440▲ 4.5%-€316,086▲ 5.8%-€319,681▼ 1.1%-€322,753▼ 1.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,074 in 2025 against €34,584 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €651,699
Fixed assets
€619,676 ▼ 2.7%
Current assets
€32,023 ▼ 27.4%
Equity and liabilities €651,699
Equity
€178,415 ▼ 10.1%
Debt
€473,284 ▼ 1.9%
Debt's share of the balance-sheet total rises from 70.8% to 72.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,525▲
2024 · -€3,519
Cash flow
€11,480▲
2024 · -€3,595
Current ratio
0.09▼
2024 · 0.12
Debt to equity
2.65▲
2024 · 2.43
ROE
-11.3%▲
2024 · -17.5%
ROA
-3.1%▲
2024 · -5.1%
Interest coverage
148.71▲
2024 · -46.31
Debt ≤ 1 year
€354,776▼
2024 · €363,770
Debt > 1 year
€114,031=
2024 · €114,031
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,064 | €31,068 | €31,065 | €31,065 | €31,599 | ▲ 1.7% |
| Other operating charges640/8 | €3,599 | €3,665 | €3,448 | €3,575 | €3,835 | ▲ 7.3% |
| Gross operating margin9900 | €20,516 | €18,851 | €23,190 | €56 | €15,360 | ▲ 27,202% |
| Operating profit (loss)9901 | -€14,147 | -€15,882 | -€11,322 | -€34,584 | -€20,074 | ▲ 42.0% |
| Financial income75/76B | - | - | - | - | €32 | - |
| Recurring financial income75 | - | - | - | - | €32 | - |
| Financial charges65/66B | €64 | €69 | €69 | €76 | €78 | ▲ 2.0% |
| Recurring financial charges65 | €64 | €69 | €69 | €76 | €78 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€14,212 | -€15,951 | -€11,391 | -€34,660 | -€20,119 | ▲ 42.0% |
| Profit (loss) for the period9904 | -€14,212 | -€15,951 | -€11,391 | -€34,660 | -€20,119 | ▲ 42.0% |
| Transfer from tax-exempt reserves789 | €1,595 | €1,595 | €1,595 | €1,595 | €1,573 | ▼ 1.4% |
| Profit (loss) for the period to be appropriated9905 | -€12,617 | -€14,356 | -€9,796 | -€33,065 | -€18,546 | ▲ 43.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €766,486 | €744,241 | €724,417 | €680,812 | €651,699 | ▼ 4.3% |
| Fixed assets21/28 | €729,920 | €698,853 | €667,788 | €636,723 | €619,676 | ▼ 2.7% |
| Tangible fixed assets22/27 | €729,920 | €698,853 | €667,788 | €636,723 | €619,676 | ▼ 2.7% |
| Land and buildings22 | €729,920 | €698,853 | €667,788 | €636,723 | €619,676 | ▼ 2.7% |
| Current assets29/58 | €36,566 | €45,388 | €56,629 | €44,089 | €32,023 | ▼ 27.4% |
| Amounts receivable within one year40/41 | €1,812 | - | - | €2,179 | €2,242 | ▲ 2.9% |
| Trade receivables40 | €1,812 | - | - | €2,179 | €2,242 | ▲ 2.9% |
| Cash at bank and in hand54/58 | €34,753 | €45,388 | €56,629 | €41,750 | €29,613 | ▼ 29.1% |
| Deferred charges and accrued income490/1 | - | - | - | €160 | €168 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €766,486 | €744,241 | €724,417 | €680,812 | €651,699 | ▼ 4.3% |
| Equity10/15 | €260,536 | €244,585 | €233,194 | €198,534 | €178,415 | ▼ 10.1% |
| Contributions10/11 | €114,031 | €114,031 | €114,031 | €114,031 | €114,031 | = |
| Capital10 | €114,031 | €114,031 | €114,031 | €114,031 | €114,031 | = |
| Issued capital100 | €114,031 | €114,031 | €114,031 | €114,031 | €114,031 | = |
| Reserves13 | €146,505 | €130,554 | €119,163 | €84,503 | €64,384 | ▼ 23.8% |
| Non-distributable reserves130/1 | €11,403 | €11,403 | €11,403 | €11,403 | €11,403 | = |
| Legal reserve130 | €11,403 | €11,403 | €11,403 | €11,403 | €11,403 | = |
| Tax-exempt reserves132 | €9,066 | €7,471 | €5,876 | €4,281 | €2,708 | ▼ 36.7% |
| Distributable reserves133 | €126,036 | €111,681 | €101,884 | €68,819 | €50,273 | ▼ 26.9% |
| Amounts payable17/49 | €505,950 | €499,656 | €491,223 | €482,278 | €473,284 | ▼ 1.9% |
| Amounts payable after more than one year17 | €114,031 | €114,031 | €114,031 | €114,031 | €114,031 | = |
| Financial debts170/4 | €114,031 | €114,031 | €114,031 | €114,031 | €114,031 | = |
| Amounts payable within one year42/48 | €387,926 | €380,829 | €372,715 | €363,770 | €354,776 | ▼ 2.5% |
| Trade debts44 | €3,243 | €2,858 | €2,896 | €2,518 | €2,518 | = |
| Suppliers440/4 | €3,243 | €2,858 | €2,896 | €2,518 | €2,518 | = |
| Other amounts payable47/48 | €384,683 | €377,970 | €369,819 | €361,252 | €352,257 | ▼ 2.5% |
| Accrued charges and deferred income492/3 | €3,993 | €4,796 | €4,477 | €4,477 | €4,477 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,212 | -€15,951 | -€11,391 | -€34,660 | -€20,119 | ▲ 42.0% |
| + Depreciation and write-downs630 | €31,064 | €31,068 | €31,065 | €31,065 | €31,599 | ▲ 1.7% |
| Operating cash flow (approximation) | €16,853 | €15,117 | €19,674 | -€3,595 | €11,480 | ▲ 419% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€14,552 | - |
| Change in cash | - | €10,635 | €11,241 | -€14,879 | -€12,137 | ▲ 18.4% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet -€34,660
Net result drops to -€34,660, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Berlare · 1 establishment unit since 1970
Ground area
4,186 m²
Building footprint
441 m²
Volume, LiDAR
2,508 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sparrendreef(B) 6, 9290 Berlare
since 19702.005.227.847
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017D0001/00E000 | Flanders | 2,439 m² | 1 · 236 m² | 8.4 m · 2 fl. |
| 42003A1333/00A000 | Flanders | 1,747 m² | 1 · 205 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPartnership limited by shares
Founded19-10-1970
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.