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LUZA CONCEPT

Active
Private limited companyfounded 201214 yrs activeRoute de Mons(WAU) 148, 7131 Binche, BelgiumKBO/BCE: BE 0848.424.851
Summary

LUZA CONCEPT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€52,267) and a net result of -€4,555. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 9% of 19372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability30▲+20
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2023; short-term debt: 127.7% and cash: 1.1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
-27.8%
Return on assets
-2.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€52,267
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
43 d early
2022
35 d early
2021
40 d early
2020
44 d early
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 September 2012, LUZA CONCEPT was incorporated.1 Total assets went from EUR 383,525 in 2018 to EUR 187,796 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€52,267▼ 9.5%
2023 · -€47,711
Total assets
€187,796▼ 2.7%
2023 · €193,106
Net result
-€4,555▲ 64.3%
2023 · -€12,752
Working capital
-€237,467=
2023 · -€237,573
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€9,032▲ 47.0%-€6,183▲ 31.5%€47,449-€12,606-€4,409▲ 65.0%
Net result-€9,480below the sector's middle half▲ 58.6%-€6,898within the sector's middle half▲ 27.2%€47,275above the sector's middle half-€12,752below the sector's middle half-€4,555within the sector's middle half▲ 64.3%
Equity-€75,336below the sector's middle half▼ 14.4%-€82,234below the sector's middle half▼ 9.2%-€34,959below the sector's middle half▲ 57.5%-€47,711below the sector's middle half▼ 36.5%-€52,267below the sector's middle half▼ 9.5%
Total assets€134,134below the sector's middle half▼ 13.0%€129,226below the sector's middle half▼ 3.7%€196,456within the sector's middle half▲ 52.0%€193,106within the sector's middle half▼ 1.7%€187,796within the sector's middle half▼ 2.7%
Debt€209,471▼ 4.8%€211,460▲ 0.9%€231,416▲ 9.4%€240,818▲ 4.1%€240,063▼ 0.3%
Working capital-€201,383below the sector's middle half▼ 7.4%-€208,248below the sector's middle half▼ 3.4%-€229,783below the sector's middle half▼ 10.3%-€237,573below the sector's middle half▼ 3.4%-€237,467below the sector's middle half=
Solvency-56.2%below the sector's middle half▼ 13.4pp-63.6%below the sector's middle half▼ 7.5pp-17.8%below the sector's middle half▲ 45.8pp-24.7%below the sector's middle half▼ 6.9pp-27.8%below the sector's middle half▼ 3.1pp
Current ratio0.02below the sector's middle half▼ 0.070.02below the sector's middle half=0.01below the sector's middle half▼ 0.010.01below the sector's middle half▲ 0.010.01below the sector's middle half=
Return on assets (ROA)-7.1%below the sector's middle half▲ 7.8pp-5.3%below the sector's middle half▲ 1.7pp24.1%above the sector's middle half▲ 29.4pp-6.6%below the sector's middle half▼ 30.7pp-2.4%within the sector's middle half▲ 4.2pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2020: -€9,032-€9,032Net result 2020: -€9,480-€9,480Operating result 2021: -€6,183-€6,183Net result 2021: -€6,898-€6,898Operating result 2022: €47,449€47,449Net result 2022: €47,275€47,275Operating result 2023: -€12,606-€12,606Net result 2023: -€12,752-€12,752Operating result 2024: -€4,409-€4,409Net result 2024: -€4,555-€4,55520202021202220232024-€20,000€0€20,000€40,000Operating result 2022: €47,449€47,400Net result 2022: €47,275€47,300Operating result 2023: -€12,606-€12,600Net result 2023: -€12,752-€12,800Operating result 2024: -€4,409-€4,410Net result 2024: -€4,555-€4,560202220232024
The operating result stays negative: a loss of €4,409 in 2024 against €12,606 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €187,796
Fixed assets €185,500 ▼ 2.5%
Current assets €2,296 ▼ 22.0%
Key figures and ratios
2024 value · change against 2023
EBITDA
€253▲
2023 · -€7,944
Cash flow
€107▲
2023 · -€8,090
Debt to equity
-4.59▲
2023 · -5.05
Interest coverage
1.73▲
2023 · -54.35
Debt ≤ 1 year
€239,763▼
2023 · €240,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
91% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,332 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€193,106€187,796▼
Fixed assets21/28€190,162€185,500▼
Tangible fixed assets22/27€190,162€185,500▼
Land and buildings22€190,162€185,500▼
Current assets29/58€2,944€2,296▼
Amounts receivable within one year40/41€1,521€225▼
Trade receivables40€32€43▲
Other amounts receivable41€1,489€182▼
Cash at bank and in hand54/58€1,423€2,071▲
Equity and liabilities
Total equity and liabilities10/49€193,106€187,796▼
Equity10/15-€47,711-€52,267▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€66,311-€70,867▼
Amounts payable17/49€240,818€240,063▼
Amounts payable within one year42/48€240,518€239,763▼
Trade debts44€755-
Suppliers440/4€755-
Other amounts payable47/48€239,763€239,763=
Accrued charges and deferred income492/3€300€300=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,662€4,662=
Other operating charges640/8€1,676€1,788▲
Gross operating margin9900-€6,268€2,041▲
Operating profit (loss)9901-€12,606-€4,409▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€146€146=
Recurring financial charges65€146€146=
Profit (loss) for the period before taxes9903-€12,752-€4,555▲
Profit (loss) for the period9904-€12,752-€4,555▲
Profit (loss) for the period to be appropriated9905-€12,752-€4,555▲
Appropriation of the result
Profit (loss) to be appropriated9906-€66,311-€70,867▼
Profit (loss) brought forward from the previous period14P-€53,559-€66,311▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,662€4,662€4,662€4,662€4,662=
Other operating charges640/8-€1,820€1,544€1,676€1,788▲ 6.7%
Gross operating margin9900-€2,685€299€53,654-€6,268€2,041▲ 133%
Operating profit (loss)9901-€9,032-€6,183€47,449-€12,606-€4,409▲ 65.0%
Financial income75/76B---€0€0▼ 83.3%
Recurring financial income75---€0€0▼ 83.3%
Financial charges65/66B-€715€174€146€146=
Recurring financial charges65€448€715€174€146€146=
Profit (loss) for the period before taxes9903-€9,480-€6,898€47,275-€12,752-€4,555▲ 64.3%
Profit (loss) for the period9904-€9,480-€6,898€47,275-€12,752-€4,555▲ 64.3%
Profit (loss) for the period to be appropriated9905-€9,480-€6,898€47,275-€12,752-€4,555▲ 64.3%
Line20202021202220232024Change
Assets
Total assets20/58€134,134€129,226€196,456€193,106€187,796▼ 2.7%
Fixed assets21/28€130,676€126,014€194,824€190,162€185,500▼ 2.5%
Tangible fixed assets22/27€130,676€126,014€194,824€190,162€185,500▼ 2.5%
Land and buildings22-€126,014€194,824€190,162€185,500▼ 2.5%
Current assets29/58€3,458€3,212€1,632€2,944€2,296▼ 22.0%
Amounts receivable within one year40/41€1,319€1,451€52€1,521€225▼ 85.2%
Trade receivables40---€32€43▲ 33.2%
Other amounts receivable41-€1,451€52€1,489€182▼ 87.8%
Cash at bank and in hand54/58€2,139€1,761€1,580€1,423€2,071▲ 45.5%
Equity and liabilities
Total equity and liabilities10/49€134,134€129,226€196,456€193,106€187,796▼ 2.7%
Equity10/15-€75,336-€82,234-€34,959-€47,711-€52,267▼ 9.5%
Contributions10/11-€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€93,936-€100,834-€53,559-€66,311-€70,867▼ 6.9%
Amounts payable17/49€209,471€211,460€231,416€240,818€240,063▼ 0.3%
Amounts payable after more than one year17€4,629-----
Amounts payable within one year42/48€204,842€211,460€231,416€240,518€239,763▼ 0.3%
Current portion of amounts payable after more than one year42-€4,629----
Trade debts44--€70€755--
Suppliers440/4--€70€755--
Other amounts payable47/48-€206,831€231,346€239,763€239,763=
Accrued charges and deferred income492/3---€300€300=
Line20202021202220232024Change
Profit (loss) for the period9904-€9,480-€6,898€47,275-€12,752-€4,555▲ 64.3%
+ Depreciation and write-downs630€4,662€4,662€4,662€4,662€4,662=
Operating cash flow (approximation)-€4,818-€2,236€51,937-€8,090€107▲ 101%
Investment in fixed assets (approximation)-€0-€73,472€0€0-
Change in cash--€378-€181-€157€648▲ 513%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
18-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €47,275
Net result €47,275 after 4 loss-making years.
21-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€22,900
Net result drops to -€22,900, the lowest in the series; recovery starts the following year.
23-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
25-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Binche · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
77 m²
Building footprint
57 m²
Volume, LiDAR
499 m³
Parcel 56084A0168/00H007, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LUZA CONCEPT
Route de Mons(WAU) 148, 7131 BincheReal estate activities
since 20122.213.181.001
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56084A0168/00H007 Wallonia 77 m² 1 · 57 m² 9.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
46190Agents in non-specialised wholesale trade
68322Real estate appraisal on a fee or contract basis
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.