Active BE 0774.898.554Private limited company

MIKE LUDWIG

Wiesenweg 7 ·4730 Raeren, Belgium· 4 yrs active

Sector: Schrijnwerk (43320)

Conclusion Checked

The computed 12-month bankruptcy probability of MIKE LUDWIG is 3.7% (moderate). The 2024 annual accounts show equity of €108k and a net result of €15k. Equity is growing by ~22.3% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€108k
Net result	€15k
Staff (FTE)	0.7
Active	4 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

62 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 53

Profitability 69

Solvency 40

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

3.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

53 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 16-05-2025 with the NBB · fiscal year 2024 · ander

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~22.3%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€81k

-10.1% 22-24

Net profit

€15k

-45.0% 22-24

Cash flow

€61k

-19.1% 22-24

Total assets

€369k

+0.2% 22-24

Equity

€108k

+16.1% 22-24

Working capital

€-33k

-50.3% 22-24

Employees (FTE)

1

-30.0% 22-24

Staff costs

€36k

-36.0% 22-24

Income taxes

€7k

-39.1% 22-24

Dividends

€800

0.0% 22-24

Debt

€261k

-5.2% 22-24

Debt ≤ 1y

€119k

-19.3% 22-24

Debt > 1y

€135k

+9.0% 22-24

Current ratio

0.73

-14.8% 22-24

Quick ratio

0.28

-37.2% 22-24

Solvency

29.4%

+15.9% 22-24

Debt / equity

2.40

-18.3% 22-24

ROE

13.9%

-52.7% 22-24

ROA

4.1%

-45.1% 22-24

Interest coverage

6.46

-82.9% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	ander
Revenue	-
EBITDA	€81k
Net profit	€15k
Cash flow	€61k
Staff costs	€36k
Income taxes	€7k
Dividends	-
Total assets	€369k
Equity	€108k
Debt	€261k
of which ≤ 1y	€119k
of which > 1y	€135k
Working capital	€-33k
Employees (FTE)	0.7

Ratios (computed)

	2024
Current ratio	0.73
Quick ratio	0.28
Working capital ratio	-8.8%
Solvency	29.4%
Debt / equity	2.40
Long-term debt ratio	1.24
Interest coverage	6.46
Gross margin	-
Net margin	-
ROA	4.1%
ROE	13.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €282k · 76.5% Current assets €87k · 23.5%

Equity & liabilities

Equity €108k · 29.4% Debt €261k · 70.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€369k
Fixed assets	21/28	€282k
Tangible fixed assets	22/27	€275k
Financial fixed assets	28	€8k
Current assets	29/58	€87k
Stocks & contracts in progress	3	€53k
Amounts receivable within one year	40/41	€4k
Cash & bank	54/58	€22k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€369k
Equity	10/15	€108k
Contributions / capital	10/11	€1k
Reserves	13	€107k
Accumulated profits (losses)	14	€135
Amounts payable	17/49	€261k
Amounts payable after one year	17	€135k
Amounts payable within one year	42/48	€119k
Trade debts payable within one year	44	€10k
Income statement
Gross operating margin	9900	€121k
Operating result	9901	€34k
Financial income	75	€200
Financial charges	65	€12k
Result before taxes	9903	€22k
Income taxes	67/77	€7k
Net result for the period	9904	€15k
Result to be appropriated	9905	€15k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company(610)
Incorporation	01-10-2021
Status	Active
Postal code	4730

Establishment units 2 locations

MIKE LUDWIG

Wiesenweg 7, 4730 RaerenHandelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren

since 20212.322.547.214

MIKE LUDWIG

Panneschopp 18, 4731 RaerenHandelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren

since 20242.358.234.108

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

16-05-2025

NBB filing Annual accounts filed

fiscal year 2024 · ander

2024

06-11-2024

State Gazette act Minor change

Mandate renewal · MIKE LUDWIG

27-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · ander

2023

11-05-2023

NBB filing Annual accounts filed

fiscal year 2022 · ander

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2024

06-11-2024 Publication in the Belgian Official Gazette, Minor change Minor change·MIKE LUDWIG

Summary: Mandate renewalNotary: MIKE LUDWIG · EUPEN

Original publication ↗

Technical details

{
  "notary": {
    "name": "MIKE LUDWIG",
    "firm_city": null,
    "firm_name": null,
    "office_city": "EUPEN",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-11-06",
    "filing_date": null,
    "act_kind_objet": "Ernennung Mandat Verwalterin"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2024-10-01",
    "unanimous": true
  },
  "agm_change": null,
  "detected_kind": "mandate_renewal",
  "other_address": null,
  "mandate_renewal": {
    "period_end": null,
    "mandate_kind": "vakbekwaamheid",
    "period_start": "2024-10-01",
    "remuneration_eur": null,
    "remuneration_kind": "gratuit",
    "person_or_entity_kbo": null,
    "person_or_entity_name": "Kathrin Thielen"
  },
  "subject_company": {
    "kbo": "0774.898.554",
    "name_full": null,
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "accounts_deposit": null,
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [
    "Bericht der au\u00DFerordentlichen Generalversammlung vom 01.10.24"
  ],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "is_volet_a_only_stub": true,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}

Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank

Activities

Schrijnwerk43320Schrijnwerk43320Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300Handelsbemiddeling in meubelen, huishoudelijke artikelen en ijzerwaren46150Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren46150Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Verhuisbedrijven49420Verhuisactiviteiten49420Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100

Primary activity highlighted.

Names & trade names

Legal nameDE

MIKE LUDWIG

Registered office

Wiesenweg 7

4730 Raeren, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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