VASTGOED LUK
ActiveVASTGOED LUK has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €439k and a net result of €118k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85=
Solvency73▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.23 in 2024; short-term debt: 29.4% and cash: 12.3% of total assets), but 52.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 68
lower
← 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
47.7%
Return on assets
12.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
on the day
2022
150 d late
2021
266 d late
2020
25 d late
2019
89 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€439k▲ 36.8%
2024 · €321k
2018: €88k
2019: €95k
2020: €138k
2021: €176k
2022: €178k
2023: €211k
2024: €321k
2018 → 2025
Total assets
€920k▲ 7.3%
2024 · €857k
2018: €392k
2019: €395k
2020: €431k
2021: €496k
2022: €496k
2023: €693k
2024: €857k
2018 → 2025
Net result
€118k▲ 7.5%
2024 · €110k
2018: €18k
2019: €35k
2020: €70k
2021: €74k
2022: €37k
2023: €33k
2024: €110k
2018 → 2025
Working capital
€198k▲ 191%
2024 · €68k
2018: €-2k
2019: €-59k
2020: €-71k
2021: €-68k
2022: €-59k
2023: €-70k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€176k-€178k▲ 1.0%€211k▲ 18.4%€321k▲ 52.0%€439k▲ 36.8%
Operating result€77k-€39k▼ 49.1%€73k▲ 85.2%€173k▲ 137%€180k▲ 3.7%
Net result€74k-€37k▼ 50.0%€33k▼ 10.9%€110k▲ 235%€118k▲ 7.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €920k
Fixed assets
€452k▼ 8.3%
Current assets
€468k▲ 28.4%
Equity and liabilities €920k
Equity
€439k▲ 36.8%
Provisions
€700▼ 19.8%
Debt
€480k▼ 10.3%
The debt ratio falls from 62.5% to 52.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€222k▲
2024 · €217k
Cash flow
€160k▲
2024 · €154k
Solvency
47.7%▲
2024 · 37.4%
Current ratio
1.73▲
2024 · 1.23
Quick ratio
1.73▲
2024 · 1.23
Debt / equity
1.09▼
2024 · 1.67
ROE
26.9%▼
2024 · 34.2%
ROA
12.8%▲
2024 · 12.8%
Interest coverage
11.71▲
2024 · 10.53
Debt
€480k▼
2024 · €535k
Debt ≤ 1 year
€270k▼
2024 · €297k
Debt > 1 year
€198k▼
2024 · €225k
Income taxes
€49k▲
2024 · €44k
Staff costs
€101k▼
2024 · €171k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€857k€920k▲
Fixed assets21/28€492k€452k▼
Tangible fixed assets22/27€492k€451k▼
Land and buildings22€435k€408k▼
Plant, machinery and equipment23€19k€15k▼
Furniture and vehicles24€36k€27k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€650€650=
Current assets29/58€365k€468k▲
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€210-
Current investments50/53€150k€350k▲
Cash at bank and in hand54/58€210k€113k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€857k€920k▲
Equity10/15€321k€439k▲
Contributions10/11€30k€30k=
Reserves13€291k€405k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€11k€10k▼
Distributable reserves133€277k€392k▲
Profit (loss) carried forward14€169€4k▲
Provisions and deferred taxes16€873€700▼
Deferred taxes168€873€700▼
Amounts payable17/49€535k€480k▼
Amounts payable after more than one year17€225k€198k▼
Financial debts170/4€225k€198k▼
Amounts payable within one year42/48€297k€270k▼
Current portion of amounts payable after more than one year42€24k€26k▲
Trade debts44€17k€12k▼
Suppliers440/4€17k€12k▼
Taxes, remuneration and social security45€110k€88k▼
Taxes450/3€83k€74k▼
Remuneration and social security454/9€27k€14k▼
Other amounts payable47/48€145k€144k▼
Accrued charges and deferred income492/3€14k€12k▼
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€171k€101k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€42k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€17k€123▼
Gross operating margin9900€412k€329k▼
Operating profit (loss)9901€173k€180k▲
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€155k€167k▲
Transfer from deferred taxes780€161€173▲
Transfer to deferred taxes680€1k-
Income taxes67/77€44k€49k▲
Profit (loss) for the period9904€110k€118k▲
Transfer from tax-exempt reserves789€482€518▲
Transfer to tax-exempt reserves689€3k-
Profit (loss) for the period to be appropriated9905€107k€119k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€119k▲
Profit (loss) brought forward from the previous period14P€806€169▼
Transfer to equity691/2€108k€115k▲
To other reserves6921€108k€115k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €118k ▲7.5%
Operating result €180k, net result €118k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €211k ▲18.4%
6 profitable years in a row build equity to €211k.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 150 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 266 days late
2021
31-12
Financial
Equity above €150kEq €176k ▲28.1%
4 profitable years in a row build equity to €176k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-12
Financial
Equity above €100kEq €138k ▲44.7%
3 profitable years in a row build equity to €138k.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
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, Brugge · 2 establishment units since 2007
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.
Zeedijk 98380 BruggeGround area
586 m²
Building footprint
360 m²
Volume, LiDAR
7,386 m³
2 parcels, Flanders · tallest building 27.1 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Luk & Horemans
since 20072.159.241.774
Jozef Suvéestraat 13, 8000 Brugge
since 20122.213.251.770
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31813R0625/03W012 | Flanders | 549 m² | 1 · 326 m² | 27.1 m · 8 fl. |
| 31802B0866/00_000 | Flanders | 37 m² | 1 · 34 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,530 companies in sector 68322 we hold annual accounts for 740. 471 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2007
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
70311
70312
70321
70322
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:050545216