SHIPYARD LOWYCK
ActiveSHIPYARD LOWYCK has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €278k and a net result of €49k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 1630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
94
/ 100
Excellent▲ +18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+65
Solvency76▲+5
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.91 in 2023), but 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 33
Relative position
BE, all sectors
reference
Sector 33
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
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 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
56 d early
2022
32 d late
2021
13 d early
2020
31 d early
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€278k▲ 21.3%
2023 · €229k
2018: €140k
2019: €160k
2020: €177k
2021: €193k
2022: €219k
2023: €229k
2018 → 2024
Total assets
€717k▲ 1.6%
2023 · €706k
2018: €818k
2019: €823k
2020: €806k
2021: €758k
2022: €776k
2023: €706k
2018 → 2024
Net result
€49k▲ 355%
2023 · €11k
2018: €13k
2019: €20k
2020: €17k
2021: €15k
2022: €26k
2023: €11k
2018 → 2024
Working capital
€154k▼ 26.0%
2023 · €208k
2018: €213k
2019: €183k
2020: €177k
2021: €180k
2022: €200k
2023: €208k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€177k-€193k▲ 8.7%€219k▲ 13.5%€229k▲ 4.9%€278k▲ 21.3%
Operating result€29k-€35k▲ 18.9%€44k▲ 25.6%€31k▼ 28.4%€46k▲ 45.8%
Net result€17k-€15k▼ 11.6%€26k▲ 69.5%€11k▼ 58.7%€49k▲ 355%
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 46% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €717k
Fixed assets
€343k▲ 27.0%
Current assets
€374k▼ 14.1%
Equity and liabilities €717k
Equity
€278k▲ 21.3%
Debt
€439k▼ 7.8%
The debt ratio falls from 67.5% to 61.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€109k▲
2023 · €91k
Cash flow
€112k▲
2023 · €71k
Solvency
38.8%▲
2023 · 32.5%
Current ratio
1.70▼
2023 · 1.91
Quick ratio
1.65▼
2023 · 1.87
Debt / equity
1.58▼
2023 · 2.08
ROE
17.6%▲
2023 · 4.7%
ROA
6.8%▲
2023 · 1.5%
Interest coverage
4.38▼
2023 · 6.13
Debt
€439k▼
2023 · €476k
Debt ≤ 1 year
€220k▼
2023 · €227k
Debt > 1 year
€203k▼
2023 · €247k
Income taxes
€7k▲
2023 · €6k
Staff costs
€117k▼
2023 · €152k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€706k€717k▲
Fixed assets21/28€271k€343k▲
Tangible fixed assets22/27€271k€208k▼
Land and buildings22€55k€44k▼
Plant, machinery and equipment23€177k€134k▼
Furniture and vehicles24€38k€29k▼
Financial fixed assets28-€135k
Current assets29/58€435k€374k▼
Stocks and contracts in progress3€11k€10k▼
Stocks30/36€11k€10k▼
Amounts receivable within one year40/41€358k€127k▼
Trade receivables40€27k€89k▲
Other amounts receivable41€331k€38k▼
Current investments50/53-€187k
Cash at bank and in hand54/58€41k€37k▼
Deferred charges and accrued income490/1€26k€13k▼
Equity and liabilities
Total equity and liabilities10/49€706k€717k▲
Equity10/15€229k€278k▲
Contributions10/11€75k€75k=
Capital10€0-
Issued capital100€0-
Outside capital11€75k€75k=
Other1109/19€75k€75k=
Reserves13€154k€203k▲
Non-distributable reserves130/1€0€187k▲
Legal reserve130€0-
Own shares acquired1312-€187k
Distributable reserves133€154k€16k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€476k€439k▼
Amounts payable after more than one year17€247k€203k▼
Financial debts170/4€247k€203k▼
Amounts payable within one year42/48€227k€220k▼
Current portion of amounts payable after more than one year42€48k€47k▼
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€34k€28k▼
Suppliers440/4€34k€28k▼
Taxes, remuneration and social security45€23k€23k▲
Taxes450/3€12k€13k▲
Remuneration and social security454/9€11k€11k▼
Other amounts payable47/48€22k€21k▼
Accrued charges and deferred income492/3€2k€16k▲
Income statement
Code20232024
Remuneration, social security and pensions62€152k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€63k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€-826▼
Other operating charges640/8€13k€9k▼
Gross operating margin9900€276k€234k▼
Operating profit (loss)9901€31k€46k▲
Financial income75/76B€54€35k▲
Recurring financial income75€54€35k▲
Financial charges65/66B€15k€25k▲
Recurring financial charges65€15k€25k▲
Profit (loss) for the period before taxes9903€17k€56k▲
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€11k€49k▲
Profit (loss) for the period to be appropriated9905€11k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€49k▼
Profit (loss) brought forward from the previous period14P€91k€0▼
Transfer to equity691/2€102k€49k▼
To other reserves6921€102k€49k▼
Social balance
Average headcount (FTE)90873.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €49k ▲355%
Operating result €46k, net result €49k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼58.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Equity above €200kEq €219k ▲13.5%
5 profitable years in a row build equity to €219k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
31-12
Financial
Equity above €150kEq €160k ▲14.2%
2 profitable years in a row build equity to €160k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostende · 1 establishment unit since 2001
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.
Nieuwewerfkaai 58400 OostendeGround area
2,527 m²
Building footprint
1,744 m²
Volume, LiDAR
12,941 m³
Parcel 35382D0653/00B003, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwewerfkaai 5, 8400 Oostende
since 20012.098.229.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0653/00B003 | Flanders | 2,527 m² | 1 · 1,744 m² | 9.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 2,841 EUR awarded · 2,841 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,841 EUR | 2,841 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 297 companies in sector 33150 we hold annual accounts for 159. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-06-2001
Fiscal year end31-12
Activities, NACEBEL
33150Repair, maintenance and installation of machinery and equipment
35110Production of electricity from non-renewable sources
74151
30110Manufacture of other transport equipment
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.