LUXURY ON WHEELS
ActiveSummary
The computed 12-month bankruptcy probability of LUXURY ON WHEELS is 1.9% (moderate). The 2025 annual accounts show equity of €60,639 and a net result of -€36,340. Equity has been shrinking by about 15% per year since 2018. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 44% of 9,883 sector peers (NACE 43, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 21-10-2005 Normal situation
- Activity
- General electrical installation work NACE 43211and 7 others
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 2021
- Establishment unit
- 2.149.622.641 8820 Torhout, since 21-10-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Board and ownership
- WITTEVRONGEL Bjöm JimDirector · last mentioned in 2023
- WITTEVRONGEL Björn JimManager · until 2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €2,648
- Turnover
- ≈ €22,000
- estimated
- Loss
- €36,340
- ▲ 39.8%
- Equity
- €60,639
- ▼ 37.5%
- Total assets
- €154,524
- ▼ 28.4%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLoss of €36,340, the second in a row (financial year 2025)Last filed accounts filed 31 days late; 1 of the last 3 accounts lateLiquidity: current ratio 8.19, cash €788Sector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 42% of them on solvency, 44% on liquidity, 4% on profitability and 12% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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
The company filed its last 7 accounts on average 39 days after 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)
Key points
Recent changes
- · Gazette deed Company renamed from HET ENERGIEHUIS to Luxury on WheelsResignation: WITTEVRONGEL Björn Jim (manager) · Appointment: WITTEVRONGEL Bjöm Jim (director)
- · Gazette deed Registered office moved within Torhout
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as LUXURY ON WHEELS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €99,900 and €173,000, founded between 2001 and 2008.
| Company | Total assets | Gross margin |
|---|---|---|
| LUXURY ON WHEELS Torhout | €154,524 | €2,648 |
| STRAELT Torhout | €172,892 | -€16,479 |
| Elektro Kinsabil Geert Menen | €105,962 | -€8,833 |
| M. DUTOIT Kortrijk | €154,314 | €3,308 |
| ECONOBEL Tielt | €140,428 | €3,570 |
| DARAZ Elektro Heuvelland | €99,868 | €2,750 |
| DEVRIENDT PETER Ichtegem | €120,606 | €1,667 |
Key facts about LUXURY ON WHEELS
- What is the company number of LUXURY ON WHEELS?
- The company number of LUXURY ON WHEELS is 0876.847.831. The VAT number is the same number with BE in front: BE 0876.847.831.
- Where is LUXURY ON WHEELS based?
- The registered office is at Kersouwkensstraat 1, 8820 Torhout.Company details
- What does LUXURY ON WHEELS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of LUXURY ON WHEELS?
- The legal form of LUXURY ON WHEELS is Private limited company (BV).
- When was LUXURY ON WHEELS founded?
- LUXURY ON WHEELS was founded on 21-10-2005.
- Is LUXURY ON WHEELS still active?
- Yes, LUXURY ON WHEELS is an active enterprise in the KBO register.
- Which joint committee does LUXURY ON WHEELS fall under?
- In its 2021 annual accounts, LUXURY ON WHEELS states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie).
- What is the turnover of LUXURY ON WHEELS?
- The turnover in financial year 2025 is ≈ €22,000. This figure is estimated from the gross margin of €2,648 and 125 comparable companies (NACE 43211). It probably lies between €14,000 and €46,000. It is a rough estimate.Financials
- Is LUXURY ON WHEELS profitable?
- In financial year 2025, LUXURY ON WHEELS made a loss of €36,340.
- Where can I find the annual accounts of LUXURY ON WHEELS?
- LUXURY ON WHEELS filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUXURY ON WHEELS due?
- LUXURY ON WHEELS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.