Equity
€577,115 from €1.5m in 2019
Equity fell by 63% in 6 years.
Luxaflex Belgium
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1978peak €4.1m (2021)
€1.8m▼ 23.9%
lowest -€371,663 (2025)
-€371,663▼ €536,422
peak €1.5m (2019)
€577,115▼ 39.2%
€2.4m▼ 11.7%
peak 25.3 FTE (2014)
16.5 FTE▼ 8.8%
Board8 names since 2017
2 directorsFrederikus Hassing and 1 other
Owners5 names in the annual accounts
99.99%Industrie en Handelsonderneming Buismetaal BV and 2 others
Documentsfilings and deeds
30-10-202691 days late
2025financial year
Gross margin from €2.4m to €1.8mLoss of €371,663Staff from 18.1 FTE to 16.5 FTEEquity from €948,778 to €577,115
Key points
from the 2025 annual accountsResult
-€371,663 -€371,663
From profit to loss in 2025, after a profit of €164,759 in 2024.
Debts
€2.4m 80% of the balance sheet
Suppliers 54%Taxes and wages 35%Other 11%
Staff
16.5 FTE from 25.3 in 2014
Between 2014 and 2025, 35% of the full-time equivalents disappeared.
Filings
48 annual accounts 91 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€371,663
Lower net result than 90% of companies in other manufacturing. Sector median €37,144 · 143 companies.
Checked score
54
Fair
Financially stronger than 25% of small companies in other manufacturing (NACE 32)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 112 companies (NACE 32, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.1%▼ -0.2 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 1.0%▲ +0.7 percentage points vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Loss of €371,663 (financial year 2025)
Last filed accounts filed 91 days late; 2 of the last 3 accounts late
Equity €577,115 (19.4% of total assets)
lowers risk
Liquidity: current ratio 1.09, cash €993,341
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 32, small). It does better than 20% of them on solvency, 57% on liquidity, 10% on profitability and 15% 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, 307 companies had the same profile as Luxaflex Belgium has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Luxaflex Belgium itself is lower: 1.0% within 12 months. It rests on far more data about Luxaflex Belgium than the profile alone.
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 307 companies, not a prediction for Luxaflex Belgium. 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 €30,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is tight, with a current ratio of 1.09 (1.2 in 2024), below the usual 1.5. Short-term debt is 80.2% and cash 33.3% of total assets. 80.6% 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 144 sector peers (2025).
NBB · sector comparisonPosition among 144 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
77 days late
2023
41 days early
2022
54 days early
2021
48 days early
2020
39 days early
2019
35 days early
← 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 7 days before the deadline. In the sector (NACE 32), the median for financial year 2024 was 2 days before the deadline, and 39% 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 21 June (4 of the last 5 accounts filed within 117 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
- Industrie en Handelsonderneming Buismetaal BV 99.99%annual accounts 2025
- HUNTER DOUGLAS HOLDINGS ltd. consolidatesannual accounts 2025
- Tentenfabriek Orion 0.01%annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0418949037
Appointments: Frederikus Hassing (director) and Christ Taveirne (director)
General meeting of 25-05-2023 · Gazette deed
Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
General meeting of 27-05-2022 · Gazette deed
Resignation: Kees Commijs (director)
General meeting of 27-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Luxaflex Belgium Bruges | €3.0m | €1.8m | 19.4% | 16.5 |
| West Decor Deerlijk | €6.6m | €2.3m | 87.6% | 12.6 |
| GIMA - MACHINES Aartselaar | €3.7m | €2.4m | 27.5% | 21.9 |
| GESSO Nivelles | €2.2m | €0.6m | 24.2% | 11.9 |
| PETRUS Forest | €2.6m | €0.5m | 8.7% | 17.8 |
| CRAFT - UNIQUE CRAFTING SOLUTIONS Roeselare | €1.4m | €0.7m | 7.0% | 11 |
| PUBLI LETTRAL Ardooie | €0.9m | €1.0m | 57.6% | 13.1 |
These companies have the same main activity as Luxaflex Belgium: other manufacturing not elsewhere classified (NACE 32990). They are comparable in size and age: total assets between €930,000 and €6.6m, founded between 1967 and 1991.
Official details
Source: KBO- Status
- Active since 20-12-1978Normal situation
- Activity
- Other manufacturing not elsewhere classifiedNACE 32990and 1 other
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment unit
- 2.020.442.5938200 Bruges, since 20-12-1978
- Financial year end
- 31 December
- Peppol
- Reachable since 05-08-2025
Annual accounts 2025
- ≈ €3.1mestimated
- €3.0m▼ 18.7%
- Employeeson 31-12-2025
- 19▲ 5.6%
- Filing
- Filed on 30-10-2026
Insights on Luxaflex Belgium
Luxaflex Belgium has existed since 1978. The gross margin fell from €3.1m in 2016 to €1.8m in 2025.
The gross margin has fallen every year since 2021. Solvency fell in 2025 from 25.9% to 19.4% because of the loss.
Industrie en Handelsonderneming Buismetaal BV holds all the shares.
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 Luxaflex Belgium
- What is the company number of Luxaflex Belgium?
- The company number of Luxaflex Belgium is 0418.949.037. The VAT number is the same number with BE in front: BE 0418.949.037.
- Where is Luxaflex Belgium based?
- The registered office is at Dirk Martensstraat 3, 8200 Bruges.Company details
- What does Luxaflex Belgium do?
- According to the KBO register, the main activity is other manufacturing not elsewhere classified (NACE 32990).
- What is the legal form of Luxaflex Belgium?
- Luxaflex Belgium is a public limited company (NV).
- When was Luxaflex Belgium founded?
- Luxaflex Belgium was founded on 20-12-1978.
- Is Luxaflex Belgium still active?
- Yes, Luxaflex Belgium is an active enterprise in the KBO register.
- How many employees does Luxaflex Belgium have?
- Luxaflex Belgium had an average of 16.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Luxaflex Belgium fall under?
- In its 2025 annual accounts, Luxaflex Belgium states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of Luxaflex Belgium?
- The turnover in financial year 2025 is ≈ €3.1m. This figure is estimated from the gross margin of €1.8m and 1,585 comparable companies of the same size. It probably lies between €2.1m and €5.1m. It is a rough estimate.
- Is Luxaflex Belgium profitable?
- In financial year 2025, Luxaflex Belgium made a loss of €371,663.
- Where can I find the annual accounts of Luxaflex Belgium?
- Luxaflex Belgium filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Luxaflex Belgium due?
- Luxaflex Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.