Equity
€729,500 ▲ 0.1%
LUXATEC has made a profit without a break since 2023.
LUXATEC
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €953,011 (2007)
€621,716▼ 23.2%
lowest -€207,769 (2022)
€111,376▼ 74.7%
peak €992,132 (2021)
€729,500▲ 0.1%
€402,389▼ 3.7%
peak 6.3 FTE (2025)
6.3 FTE▲ 37.0%
Board5 names since 2021
2 directorsBV Mitutor and 1 other
Owners
Documentsfilings and deeds
03-06-202658 days before the deadline
2025abbreviated format
Gross margin from €809,300 to €621,716Result from €440,761 to €111,376Staff from 4.6 FTE to 6.3 FTECash from €379,009 to €239,571
Key points
from the 2025 annual accountsResult
€111,376 ▼ 74.7%
The result fell in 2025 from €440,761 to €111,376.
Turnover
≈ €1.4m estimated
The abbreviated format states no turnover.
Investments
€68,529 1.5 × depreciation
Green is investment, beige is depreciation.
Staff
7 employees on 31-12-2025
In 2025, 4 people joined and 3 left.
Filings
29 annual accounts since 1997
The 2019 accounts came 46 days late. The other nine of the last ten were filed on time.
Checked score
95
Excellent
Financially stronger than 57% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025highest value
03-2025: 0.1%▼ -0.2 percentage points vs 02-2025
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: 0.1%● unchanged 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 12-2025
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: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.49, cash €239,571
Equity €729,500 (64.4% of total assets)
Founded in 1996
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 70% of them on solvency, 61% on liquidity, 61% on profitability and 35% 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 very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as LUXATEC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUXATEC itself: 0.1% within 12 months.
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 31,368 companies, not a prediction for LUXATEC. 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 €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.49 (2.24 in 2024), above the usual 1.5. Short-term debt is 31.7% and cash 21.2% of total assets. 35.6% 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
170 days early
2023
155 days early
2022
14 days early
2021
33 days early
2020
9 days early
2019
46 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 56 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 3 June (4 of the last 5 accounts filed within 96 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 0208:0459451980
Company renamed from ZWAENEPOEL TECHNICS to LUXATEC
Registered office moved from De Haan to Jabbeke · New registered office: Vlamingveld 39C, 8490 Jabbeke · Previous registered office: Nieuwe Steenweg 117, 8420 De Haan · General meeting of 14-06-2023 · Gazette deed
Company renamed from ZWAENEPOEL-VANDENBRIELE to ZWAENEPOEL TECHNICS
“Elektrotechnische installatiewerken aan gebouwen; Elektrotechnische installatiewerken,uitgezonderd aan…” (deed in Dutch) · General meeting of 28-09-2022 · Gazette deed
2 directors appointed, 1 resignation
Resignation: Mia Vandenbriele · Appointments: BV Mitutor and Comm.V. Be6 · Permanent representatives: Victor Daels and Benjamin Van Deynse · General meeting of 14-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUXATEC Jabbeke | €1.1m | €621,716 | 64.4% | 6.3 |
| ARCOM Jabbeke | €1.3m | €621,379 | 21.9% | 6.1 |
| OJEA ELECTRICITE Hannut | €1.0m | €652,134 | 60.1% | 7.4 |
| E.B.I. Security Braine-l'Alleud | €1.0m | €591,812 | 71.0% | 6.8 |
| ELOTEC Hoogstraten | €1.3m | €720,259 | 73.1% | 5.8 |
| VACAL Wevelgem | €1.2m | €559,523 | 92.5% | 4.8 |
| ALGEMENE ELECTRICITEIT VANWALLEGHEM WIM Roeselare | €0.9m | €698,400 | 58.3% | 6.5 |
These companies have the same main activity as LUXATEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €944,000 and €1.3m, founded between 1991 and 2003.
Official details
Source: KBO- Status
- Active since 13-12-1996Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.080.159.6548490 Jabbeke, since 28-01-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- €1.1m▼ 1.3%
- Employeeson 31-12-2025
- 7▲ 16.7%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Insights on LUXATEC
LUXATEC files the abbreviated format. That format states no turnover. The gross margin rose from €429,466 in 2006 to €621,716 in 2025.
MITUTOR 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 LUXATEC
- What is the company number of LUXATEC?
- The company number of LUXATEC is 0459.451.980. The VAT number is the same number with BE in front: BE 0459.451.980.
- Where is LUXATEC based?
- The registered office is at Vlamingveld 39C, 8490 Jabbeke.Company details
- What does LUXATEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of LUXATEC?
- LUXATEC is a private limited company (BV).
- When was LUXATEC founded?
- LUXATEC was founded on 13-12-1996.
- Is LUXATEC still active?
- Yes, LUXATEC is an active enterprise in the KBO register.
- How many employees does LUXATEC have?
- LUXATEC had an average of 6.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LUXATEC fall under?
- In its 2025 annual accounts, LUXATEC states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of LUXATEC?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €621,716 and 35 comparable companies (NACE 43211). It probably lies between €1.2m and €1.7m.
- Is LUXATEC profitable?
- In financial year 2025, LUXATEC made a profit of €111,376.
- Where can I find the annual accounts of LUXATEC?
- LUXATEC filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUXATEC due?
- LUXATEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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