LUDEBA
ActiveSummary
LUDEBA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.46M and a net result of €-40k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability16▼-81
Solvency99▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 8.21 against 5.82 in 2023; short-term debt: 4.2% and cash: 0.6% of total assets), and 25.9% 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
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
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
74.1%
Return on assets
-2.1%
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
12 d early
2022
50 d late
2021
34 d early
2020
45 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.46M▼ 2.7%
2023 · €1.50M
2018: €908k
2020: €1.09M
2021: €1.04M
2022: €1.02M
2023: €1.50M
2018 → 2024
Total assets
€1.97M▼ 8.9%
2023 · €2.16M
2018: €1.82M
2020: €2.20M
2021: €2.06M
2022: €2.04M
2023: €2.16M
2018 → 2024
Net result
€-40k
2023 · €483k
2018: €140k
2020: €25k
2021: €-43k
2022: €-27k
2023: €483k
2018 → 2024
Working capital
€593k▼ 37.6%
2023 · €951k
2018: €-442k
2020: €-441k
2021: €-457k
2022: €-502k
2023: €951k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.09M-€1.04M▼ 3.9%€1.02M▼ 2.6%€1.50M▲ 47.6%€1.46M▼ 2.7%
Operating result€33k-€-45k€-20k▲ 54.8%€573k€-70k
Net result€25k-€-43k€-27k▲ 37.7%€483k€-40k
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 turns negative in 2024: a loss of €70k after €573k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.97M
Fixed assets
€1.29M ▲ 27.8%
Current assets
€675k ▼ 41.2%
Equity and liabilities €1.97M
Equity
€1.46M ▼ 2.7%
Provisions
€186k =
Debt
€323k ▼ 31.9%
Debt's share of the balance-sheet total falls from 22.0% to 16.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-44k▼
2023 · €598k
Cash flow
€-15k▼
2023 · €508k
Current ratio
8.21▲
2023 · 5.82
Debt to equity
0.22▼
2023 · 0.32
ROE
-2.8%▼
2023 · 32.2%
ROA
-2.1%▼
2023 · 22.4%
Interest coverage
-7.94▼
2023 · 97.93
Debt ≤ 1 year
€82k▼
2023 · €197k
Debt > 1 year
€241k▼
2023 · €277k
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.16M€1.97M▼
Fixed assets21/28€1.01M€1.29M▲
Tangible fixed assets22/27€1.00M€1.28M▲
Land and buildings22€789k€769k▼
Plant, machinery and equipment23€9k€15k▲
Furniture and vehicles24€27k€24k▼
Assets under construction and advance payments27€176k€475k▲
Financial fixed assets28€10k€10k=
Current assets29/58€1.15M€675k▼
Amounts receivable within one year40/41€3k€839▼
Trade receivables40€2k-
Other amounts receivable41€839€839=
Current investments50/53€1.10M€560k▼
Cash at bank and in hand54/58€34k€12k▼
Deferred charges and accrued income490/1€11k€102k▲
Equity and liabilities
Total equity and liabilities10/49€2.16M€1.97M▼
Equity10/15€1.50M€1.46M▼
Contributions10/11€81k€81k=
Reserves13€559k€559k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€557k€557k=
Profit (loss) carried forward14€861k€820k▼
Provisions and deferred taxes16€186k€186k=
Deferred taxes168€186k€186k=
Amounts payable17/49€474k€323k▼
Amounts payable after more than one year17€277k€241k▼
Financial debts170/4€277k€241k▼
Amounts payable within one year42/48€197k€82k▼
Current portion of amounts payable after more than one year42€36k€36k▲
Trade debts44€12k€1k▼
Suppliers440/4€12k€1k▼
Taxes, remuneration and social security45€107k€2k▼
Taxes450/3€107k€2k▼
Other amounts payable47/48€43k€43k▲
Income statement
Code20232024
Non-recurring operating income76A€743k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▲
Other operating charges640/8€65k€5k▼
Gross operating margin9900€663k€-39k▼
Operating profit (loss)9901€573k€-70k▼
Financial income75/76B€4k€35k▲
Recurring financial income75€4k€35k▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€571k€-40k▼
Transfer from deferred taxes780€204k-
Transfer to deferred taxes680€186k-
Income taxes67/77€105k-
Profit (loss) for the period9904€483k€-40k▼
Transfer from tax-exempt reserves789€393k-
Transfer to tax-exempt reserves689€557k-
Profit (loss) for the period to be appropriated9905€319k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€861k€820k▼
Profit (loss) brought forward from the previous period14P€542k€861k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €483k
Net result €483k after 2 loss-making years.
31-12
Financial
Liquidity times 1118current ratio 5.82
Current ratio from 0.01 to 5.82; short-term debt falls from €504k to €197k.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-43k ▼274%
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 45 days late
2020
31-12
Financial
Equity above €1MEq €1.09M ▲19.6%
2 profitable years in a row build equity to €1.09M.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
Show earlier events
02-05
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Knokke-Heist · 1 establishment unit since 1997
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.
Kalvekeetdijk 216d8300 Knokke-HeistGround area
8,054 m²
Building footprint
75 m²
Parcel 31039A0672/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
LUDEBA
since 19972.023.669.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0672/00A000 | Flanders | 8,054 m² | 1 · 75 m² | - |
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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
Recognitions · licences · registrations
Legal Entity Identifier
254900EKKMOP86U8NN60
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 3,228 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
Founded19-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.