LUYTEN SYSTEMS
ActiveSummary
LUYTEN SYSTEMS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79k and a net result of €2k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▼-13
Solvency71▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.94 in 2023; short-term debt: 54.1% and cash: 16.4% of total assets), but 54.1% of the assets are financed with debt.
Credit check for your own amount and term
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
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.9%
Return on assets
1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
29 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€79k▲ 2.5%
2023 · €77k
2018: €48k
2019: €54k
2020: €63k
2021: €69k
2022: €76k
2023: €77k
2018 → 2024
Total assets
€173k▲ 17.3%
2023 · €147k
2018: €119k
2019: €135k
2020: €154k
2021: €156k
2022: €203k
2023: €147k
2018 → 2024
Net result
€2k▲ 25.0%
2023 · €2k
2018: €7k
2019: €6k
2020: €9k
2021: €7k
2022: €6k
2023: €2k
2018 → 2024
Working capital
€68k▲ 3.2%
2023 · €66k
2018: €45k
2019: €44k
2020: €52k
2021: €53k
2022: €59k
2023: €66k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€63k-€69k▲ 10.4%€76k▲ 9.1%€77k▲ 2.0%€79k▲ 2.5%
Operating result€12k-€8k▼ 28.0%€10k▲ 19.6%€5k▼ 49.4%€8k▲ 57.5%
Net result€9k-€7k▼ 28.4%€6k▼ 3.5%€2k▼ 75.6%€2k▲ 25.0%
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 recovers in 2024; 2024 is 58% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173k
Fixed assets
€11k ▼ 1.7%
Current assets
€161k ▲ 18.9%
Equity and liabilities €173k
Equity
€79k ▲ 2.5%
Debt
€93k ▲ 33.6%
Debt's share of the balance-sheet total rises from 47.5% to 54.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▲
2023 · €10k
Cash flow
€6k▼
2023 · €7k
Current ratio
1.73▼
2023 · 1.94
Quick ratio
1.47▼
2023 · 1.71
Debt to equity
1.18▲
2023 · 0.90
ROE
2.4%▲
2023 · 2.0%
ROA
1.1%▲
2023 · 1.0%
Interest coverage
2.46▼
2023 · 4.07
Debt ≤ 1 year
€93k▲
2023 · €70k
Income taxes
€1k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€147k€173k▲
Fixed assets21/28€11k€11k▼
Tangible fixed assets22/27€11k€11k▼
Land and buildings22€1k€617▼
Plant, machinery and equipment23€9k€10k▲
Furniture and vehicles24€1k€617▼
Current assets29/58€136k€161k▲
Stocks and contracts in progress3€16k€24k▲
Stocks30/36€16k€24k▲
Amounts receivable within one year40/41€111k€106k▼
Trade receivables40€111k€94k▼
Other amounts receivable41€0€11k▲
Cash at bank and in hand54/58€5k€28k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€147k€173k▲
Equity10/15€77k€79k▲
Contributions10/11€19k€19k=
Reserves13€31k€33k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€31k€33k▲
Profit (loss) carried forward14€27k€27k=
Amounts payable17/49€70k€93k▲
Amounts payable within one year42/48€70k€93k▲
Trade debts44€58k€91k▲
Suppliers440/4€58k€91k▲
Taxes, remuneration and social security45€11k€3k▼
Taxes450/3€11k€3k▼
Other amounts payable47/48€915€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€921€858▼
Gross operating margin9900€11k€13k▲
Operating profit (loss)9901€5k€8k▲
Financial income75/76B€355€396▲
Recurring financial income75€355€396▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€3k€3k▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€29k▲
Profit (loss) brought forward from the previous period14P€27k€27k=
Transfer to equity691/2€2k€2k▲
To other reserves6921€2k€2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼75.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €9k ▲56.8%
Operating result €12k, net result €9k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beerse · 1 establishment unit since 2005
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.
Klaproosstraat 442340 BeerseGround area
817 m²
Building footprint
154 m²
Volume, LiDAR
979 m³
Parcel 13004B0255/00R000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Luyten Systems BVBA
since 20052.155.826.087
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004B0255/00R000 | Flanders | 816 m² | 1 · 154 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ENERGOOD
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KAR COMPANY
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Middelkerke · Eq €79,058
HANDRIEU YANNICK
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.