Checked.be
Active
BE 0830.339.103Private limited company
LUP
Rue du Roeulx(M) 40 ·7110 La Louvière, Belgium· 15 yrs active
Sector: General construction of other non-residential buildings
(41003)
Conclusion
LUP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €16k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 54% of 1093 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €99k |
| Net result | €16k |
| Better than sector | 54% |
| Active | 15 yrs |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
97
Profitability
63
Solvency
79
Growth
41
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Checked score
97
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€10k
estimate, not credit advice
Score history
81
2022
99
2023
83
2024
97
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.48 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.48 (≥ 1.0)
+5
Leverage
Debt/equity 1.19 (< 2.0)
+3
Profitability
ROE 16% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 14% (≥ 10%)
+8
Interest coverage
Interest coverage 6.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 13-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~17%/year over 4 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).
Sector comparison
Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.7% | 42.3% | |
| Net result | €16k | €11k | |
| Equity | €99k | €35k | |
| Gross operating margin | €59k | €29k | |
| Staff costs | €0 | €17k |
€420k
-23.8%
22-25
€57k
+6.0%
22-25
€16k
+17.6%
22-25
€45k
+6.2%
22-25
€216k
-6.8%
22-25
€99k
+4.8%
22-25
€45k
+10.0%
22-25
€0
-100.0%
22-25
€4k
-33.7%
22-25
€11k
+5400.0%
22-25
€117k
-14.8%
22-25
€93k
+4.6%
22-25
€25k
-49.8%
22-25
1.48
+1.6%
22-25
1.48
+1.6%
22-25
45.7%
+12.5%
22-25
1.19
-18.7%
22-25
15.7%
+12.2%
22-25
7.2%
+26.3%
22-25
3.7%
+54.4%
22-25
13.6%
+39.1%
22-25
6.83
-25.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | €420k | €551k | €460k | €482k |
| EBITDA | €57k | €54k | €95k | €77k |
| Net profit | €16k | €13k | €32k | €29k |
| Cash flow | €45k | €42k | €66k | €57k |
| Staff costs | €0 | €607 | - | - |
| Income taxes | €4k | €6k | €20k | €10k |
| Dividends | €11k | - | - | €200 |
| Total assets | €216k | €232k | €280k | €222k |
| Equity | €99k | €94k | €81k | €49k |
| Debt | €117k | €138k | €198k | €173k |
| of which ≤ 1y | €93k | €89k | €91k | €69k |
| of which > 1y | €25k | €49k | €66k | €99k |
| Working capital | €45k | €41k | €90k | €38k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.48 | 1.46 | 1.99 | 1.54 |
| Quick ratio | 1.48 | 1.46 | 1.99 | 1.54 |
| Working capital ratio | 20.8% | 17.6% | 32.2% | 17.0% |
| Solvency | 45.7% | 40.6% | 29.0% | 22.2% |
| Debt / equity | 1.19 | 1.46 | 2.45 | 3.51 |
| Long-term debt ratio | 0.25 | 0.52 | 0.81 | 2.01 |
| Interest coverage | 6.83 | 9.12 | 11.09 | 7.84 |
| Gross margin | 14.0% | 10.1% | 21.5% | 15.5% |
| Net margin | 3.7% | 2.4% | 6.9% | 6.1% |
| ROA | 7.2% | 5.7% | 11.4% | 13.3% |
| ROE | 15.7% | 14.0% | 39.3% | 59.8% |
| EBITDA margin | 13.6% | 9.8% | 20.7% | 16.0% |
| Days sales outstanding | 67d | 32d | 94d | 53d |
| Days payable outstanding | 40d | 35d | 36d | 22d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €216k | €232k | €280k | €222k |
| Fixed assets | 21/28 | €78k | €102k | €99k | €115k |
| Intangible fixed assets | 21 | €3k | - | - | - |
| Tangible fixed assets | 22/27 | €74k | €101k | €97k | €113k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €138k | €130k | €181k | €107k |
| Amounts receivable within one year | 40/41 | €136k | €105k | €160k | €99k |
| Cash & bank | 54/58 | €1k | €25k | €18k | €5k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €216k | €232k | €280k | €222k |
| Equity | 10/15 | €99k | €94k | €81k | €49k |
| Accumulated profits (losses) | 14 | €99k | €94k | €81k | €49k |
| Amounts payable | 17/49 | €117k | €138k | €198k | €173k |
| Amounts payable after one year | 17 | €25k | €49k | €66k | €99k |
| Amounts payable within one year | 42/48 | €93k | €89k | €91k | €69k |
| Trade debts payable within one year | 44 | €39k | €47k | €36k | €25k |
| Income statement | |||||
| Turnover | 70 | €420k | €551k | €460k | €482k |
| Gross operating margin | 9900 | €59k | €55k | €104k | €79k |
| Operating result | 9901 | €28k | €25k | €61k | €49k |
| Financial charges | 65 | €8k | €6k | €9k | €10k |
| Result before taxes | 9903 | €19k | €19k | €52k | €39k |
| Income taxes | 67/77 | €4k | €6k | €20k | €10k |
| Net result for the period | 9904 | €16k | €13k | €32k | €29k |
| Result to be appropriated | 9905 | €16k | €13k | €32k | €29k |
Legal Structure
| NACE primary | General construction of other non-residential buildings(41003) |
| Legal form | Private limited company(610) |
| Incorporation | 15-10-2010 |
| Status | Active |
| Postal code | 7110 |
Establishment units
Rue du Roeulx(M) 40, 7110 La Louvière
since 20102.192.739.735
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55026A0161/00G010 | Wallonia | 292 m² | 1 · 49 m² | 10.1 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €13k ▼58.5%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €32k ▲8.2%
Operating result €61k, net result €32k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General construction of other non-residential buildings41003
Names & trade names
| Legal nameFR | LUP |
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