LUYTEN
ActiveSummary
LUYTEN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €689,108. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91=
Solvency89▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 3.51 against 3.29 in 2024; short-term debt: 28.4% and cash: 8.5% of total assets), and 36.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.8%
Return on assets
17.6%
Age of the figures
9 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
26 d late
2023
65 d early
2022
261 d late
2021
29 d late
2020
27 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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. Usually files around 26 August (4 of the last 5 filed years within 90 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by equity in Schilde, Construction sector#8 company by total assets in Schilde, Construction sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2.5m▲ 13.2%
2024 · €2.2m
Total assets
€3.9m▲ 9.2%
2024 · €3.6m
Net result
€689,108▲ 7.5%
2024 · €640,851
Working capital
€2.8m▲ 12.6%
2024 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€605,051▲ 0.8%€1.9m▲ 210%€1.3m▼ 32.4%€828,153▼ 34.6%€871,058▲ 5.2%
Net result€397,871above the sector's middle half▲ 2.0%€1.5mabove the sector's middle half▲ 269%€908,177above the sector's middle half▼ 38.2%€640,851above the sector's middle half▼ 29.4%€689,108above the sector's middle half▲ 7.5%
Equity€1.5mabove the sector's middle half▲ 36.9%€2.9mabove the sector's middle half▲ 99.4%€3.9mabove the sector's middle half▲ 30.8%€2.2mabove the sector's middle half▼ 42.7%€2.5mabove the sector's middle half▲ 13.2%
Total assets€3.6mabove the sector's middle half▲ 40.2%€5.6mabove the sector's middle half▲ 53.7%€5.4mabove the sector's middle half▼ 3.8%€3.6mabove the sector's middle half▼ 33.5%€3.9mabove the sector's middle half▲ 9.2%
Debt€1.9m▲ 53.3%€2.3m▲ 24.7%€1.2m▼ 49.1%€1.1m▼ 8.2%€1.1m▲ 2.7%
Working capital€1.5mabove the sector's middle half▲ 38.7%€3.0mabove the sector's middle half▲ 102%€4.0mabove the sector's middle half▲ 33.3%€2.5mabove the sector's middle half▼ 37.3%€2.8mabove the sector's middle half▲ 12.6%
Solvency40.5%within the sector's middle half▼ 1.0pp52.6%within the sector's middle half▲ 12.1pp71.5%above the sector's middle half▲ 18.9pp61.5%within the sector's middle half▼ 9.9pp63.8%within the sector's middle half▲ 2.3pp
Current ratio2.06within the sector's middle half▼ 0.552.58within the sector's middle half▲ 0.526.15above the sector's middle half▲ 3.573.29above the sector's middle half▼ 2.873.51above the sector's middle half▲ 0.22
Return on assets (ROA)10.9%within the sector's middle half▼ 4.1pp26.2%above the sector's middle half▲ 15.3pp16.8%above the sector's middle half▼ 9.4pp17.9%above the sector's middle half▲ 1.0pp17.6%above the sector's middle half▼ 0.3pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€11,775 ▼ 48.1%
Current assets
€3.9m ▲ 9.6%
Equity and liabilities €3.9m
Equity
€2.5m ▲ 13.2%
Provisions
€304,671 ▲ 3.2%
Debt
€1.1m ▲ 2.7%
Debt's share of the balance-sheet total falls from 30.2% to 28.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€881,979▲
2024 · €842,003
Cash flow
€700,029▲
2024 · €654,701
Quick ratio
2.25▲
2024 · 2.01
Debt to equity
0.45▼
2024 · 0.49
ROE
27.6%▼
2024 · 29.0%
Interest coverage
106.46▲
2024 · 102.88
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
Income taxes
€196,794▼
2024 · €227,188
Staff costs
€65,842▲
2024 · €61,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,242 | €0 | - | €1,956 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €56,503 | €58,974 | €42,977 | €61,718 | €65,842 | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124,560 | €104,187 | €106,601 | €13,850 | €10,922 | ▼ 21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,518 | €17,745 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€107 | €28,164 | €22,258 | -€60,147 | €9,405 | ▲ 116% |
| Other operating charges640/8 | €74,815 | €62,020 | €52,197 | €13,779 | €14,328 | ▲ 4.0% |
| Non-recurring operating charges66A | €0 | - | €206 | €0 | - | - |
| Gross operating margin9900 | €860,822 | €2.1m | €1.5m | €875,099 | €971,555 | ▲ 11.0% |
| Operating profit (loss)9901 | €605,051 | €1.9m | €1.3m | €828,153 | €871,058 | ▲ 5.2% |
| Financial income75/76B | €2,228 | €148,164 | €8,347 | €48,071 | €23,128 | ▼ 51.9% |
| Recurring financial income75 | €2,228 | €11,714 | €8,347 | €12,825 | €23,128 | ▲ 80.3% |
| Non-recurring financial income76B | - | €136,449 | €0 | €35,245 | €0 | ▼ 100% |
| Financial charges65/66B | €36,616 | €40,111 | €21,931 | €8,185 | €8,284 | ▲ 1.2% |
| Recurring financial charges65 | €36,616 | €40,111 | €21,931 | €8,185 | €8,284 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €570,663 | €2.0m | €1.3m | €868,039 | €885,901 | ▲ 2.1% |
| Income taxes67/77 | €172,792 | €513,401 | €345,151 | €227,188 | €196,794 | ▼ 13.4% |
| Profit (loss) for the period9904 | €397,871 | €1.5m | €908,177 | €640,851 | €689,108 | ▲ 7.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €210,500 | €105,250 | ▼ 50.0% |
| Transfer to tax-exempt reserves689 | €105,250 | €294,700 | €421,000 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €292,621 | €1.2m | €487,177 | €851,351 | €794,358 | ▼ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €5.6m | €5.4m | €3.6m | €3.9m | ▲ 9.2% |
| Fixed assets21/28 | €796,536 | €758,746 | €670,739 | €22,696 | €11,775 | ▼ 48.1% |
| Tangible fixed assets22/27 | €796,068 | €758,278 | €670,699 | €22,656 | €11,735 | ▼ 48.2% |
| Land and buildings22 | €683,138 | €659,369 | €607,151 | €0 | - | - |
| Plant, machinery and equipment23 | €17,377 | €13,472 | €9,620 | €0 | - | - |
| Furniture and vehicles24 | €95,553 | €85,436 | €53,929 | €22,656 | €11,735 | ▼ 48.2% |
| Financial fixed assets28 | €468 | €468 | €40 | €40 | €40 | = |
| Current assets29/58 | €2.8m | €4.8m | €4.7m | €3.6m | €3.9m | ▲ 9.6% |
| Stocks and contracts in progress3 | €2.0m | €2.0m | €1.8m | €1.4m | €1.4m | ▲ 1.1% |
| Stocks30/36 | €2.0m | €2.0m | €1.8m | €1.4m | €1.4m | ▲ 1.1% |
| Amounts receivable within one year40/41 | €406,737 | €1.1m | €695,234 | €617,830 | €717,305 | ▲ 16.1% |
| Trade receivables40 | €402,380 | €1.1m | €646,487 | €537,238 | €623,205 | ▲ 16.0% |
| Other amounts receivable41 | €4,357 | €9,678 | €48,747 | €80,592 | €94,100 | ▲ 16.8% |
| Current investments50/53 | - | €750,000 | €1.5m | €1.4m | €1.5m | ▲ 4.7% |
| Cash at bank and in hand54/58 | €427,521 | €1.0m | €720,582 | €173,169 | €332,506 | ▲ 92.0% |
| Deferred charges and accrued income490/1 | €6,343 | €12,541 | €18,428 | €0 | €1,923 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €5.6m | €5.4m | €3.6m | €3.9m | ▲ 9.2% |
| Equity10/15 | €1.5m | €2.9m | €3.9m | €2.2m | €2.5m | ▲ 13.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €17,448 | €17,448 | = |
| Reserves13 | €1.5m | €2.9m | €3.8m | €2.2m | €2.5m | ▲ 13.3% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €315,750 | €610,450 | €1.0m | €820,950 | €715,700 | ▼ 12.8% |
| Distributable reserves133 | €1.1m | €2.3m | €2.8m | €1.4m | €1.8m | ▲ 29.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €304,990 | €333,154 | €355,412 | €295,266 | €304,671 | ▲ 3.2% |
| Provisions for liabilities and charges160/5 | €304,990 | €333,154 | €355,412 | €295,266 | €304,671 | ▲ 3.2% |
| Environmental obligations163 | €304,990 | €333,154 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | €355,412 | €295,266 | €304,671 | ▲ 3.2% |
| Amounts payable17/49 | €1.9m | €2.3m | €1.2m | €1.1m | €1.1m | ▲ 2.7% |
| Amounts payable after more than one year17 | €482,263 | €376,512 | €314,585 | €0 | - | - |
| Financial debts170/4 | €482,263 | €376,512 | €314,585 | €0 | - | - |
| Amounts payable within one year42/48 | €1.4m | €1.9m | €766,923 | €1.1m | €1.1m | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | €74,090 | €59,185 | €61,927 | €0 | - | - |
| Financial debts43 | €100,720 | €3,283 | €1,159 | €0 | - | - |
| Credit institutions430/8 | €100,720 | €3,283 | €1,159 | €0 | - | - |
| Trade debts44 | €1.1m | €1.4m | €655,139 | €786,777 | €621,581 | ▼ 21.0% |
| Suppliers440/4 | €1.1m | €1.4m | €655,139 | €786,777 | €621,581 | ▼ 21.0% |
| Taxes, remuneration and social security45 | €74,061 | €418,194 | €46,548 | €79,155 | €142,638 | ▲ 80.2% |
| Taxes450/3 | €67,498 | €411,381 | €41,282 | €71,440 | €134,644 | ▲ 88.5% |
| Remuneration and social security454/9 | €6,563 | €6,813 | €5,266 | €7,715 | €7,994 | ▲ 3.6% |
| Other amounts payable47/48 | €45,029 | €22,685 | €2,150 | €218,126 | €349,518 | ▲ 60.2% |
| Accrued charges and deferred income492/3 | €893 | €70,000 | €100,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €397,871 | €1.5m | €908,177 | €640,851 | €689,108 | ▲ 7.5% |
| + Depreciation and write-downs630 | €124,560 | €104,187 | €106,601 | €13,850 | €10,922 | ▼ 21.1% |
| Operating cash flow (approximation) | €522,431 | €1.6m | €1.0m | €654,701 | €700,029 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€66,397 | -€18,594 | €634,193 | €0 | ▼ 100% |
| Change in cash | - | €581,792 | -€288,731 | -€547,413 | €159,338 | ▲ 129% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 261 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 6.15
Current ratio from 2.58 to 6.15; short-term debt falls from €1.9m to €766,923.
2022
31-12
Financial
Highest result since 2018net €1.5m ▲269%
Operating result €1.9m, net result €1.5m, both a record.
31-12
Financial
Equity above €2mEq €2.9m ▲99.4%
4 profitable years in a row build equity to €2.9m.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Equity above €1mEq €1.1m ▲56.6%
2 profitable years in a row build equity to €1.1m.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Back to profitnet €233,482
Net result €233,482 after one loss-making year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Schilde · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alf.Van den Sandelaan 182970 Schilde1 establishment unit
Alf.Van den Sandelaan 18, 2970 Schilde
since 19952.072.237.031
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 1,763 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
46643Wholesale of electrical equipment, including installation materials
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455430737
Also
9925:BE0455430737
Registered
26-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.