LUVICUS
Open bankruptcyA bankruptcy procedure is open for LUVICUS according to publications in the Belgian State Gazette; curator: PETRA SEYMOENS.
Summary
The 2024 annual accounts show equity of €37k and a net result of €-17k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 19%
← weakest
strongest →
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 31-07-2025, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€552k▲ 20.8%
2023 · €457k
2023: €457k
2023 → 2024
EBIT margin
-2.4%▼ 9.4pp
2023 · 7.0%
2023: 7.0%
2023 → 2024
Net result
€-17k
2023 · €24k
2023: €24k
2023 → 2024
Working capital
€38k▼ 43.8%
2023 · €67k
2023: €67k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€457k-€552k▲ 20.8%
Equity€54k-€37k▼ 31.8%
Operating result€32k-€-14k
Net result€24k-€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €32k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€43k ▼ 5.5%
Current assets
€184k ▼ 9.9%
Equity and liabilities €226k
Equity
€37k ▼ 31.8%
Debt
€189k ▼ 2.9%
Debt's share of the balance-sheet total rises from 78.3% to 83.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €44k
Cash flow
€276▼
2023 · €37k
Current ratio
1.26▼
2023 · 1.49
Quick ratio
0.58▼
2023 · 1.02
Debt to equity
5.13▲
2023 · 3.60
ROE
-46.6%▼
2023 · 44.6%
ROA
-7.6%▼
2023 · 9.7%
Interest coverage
1.18▼
2023 · 41.73
Debt ≤ 1 year
€146k▲
2023 · €137k
Debt > 1 year
€43k▼
2023 · €58k
Income taxes
€339▼
2023 · €7k
Staff costs
€145k▲
2023 · €41k
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 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€249k€226k▼
Formation expenses20€325-
Fixed assets21/28€45k€43k▼
Intangible fixed assets21€213€6k▲
Tangible fixed assets22/27€45k€36k▼
Plant, machinery and equipment23€30k€28k▼
Furniture and vehicles24€13k€7k▼
Other tangible fixed assets26€1k€1k▼
Current assets29/58€204k€184k▼
Stocks and contracts in progress3€65k€98k▲
Stocks30/36€65k€86k▲
Contracts in progress37-€13k
Amounts receivable within one year40/41€105k€80k▼
Trade receivables40€49k€64k▲
Other amounts receivable41€56k€16k▼
Cash at bank and in hand54/58€30k-
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€249k€226k▼
Equity10/15€54k€37k▼
Contributions10/11€30k€30k=
Reserves13€24k€7k▼
Distributable reserves133€24k€7k▼
Amounts payable17/49€195k€189k▼
Amounts payable after more than one year17€58k€43k▼
Financial debts170/4€58k€43k▼
Amounts payable within one year42/48€137k€146k▲
Current portion of amounts payable after more than one year42€2k€14k▲
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€128k€63k▼
Suppliers440/4€128k€63k▼
Taxes, remuneration and social security45€7k€28k▲
Taxes450/3€7k€8k▲
Remuneration and social security454/9€2€19k▲
Other amounts payable47/48-€18k
Accrued charges and deferred income492/3€452€0▼
Income statement
Code20232024
Turnover70€457k€552k▲
Goods, raw materials, services and sundry goods60/61€373k€402k▲
Remuneration, social security and pensions62€41k€145k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€2k€916▼
Gross operating margin9900€87k€150k▲
Operating profit (loss)9901€32k€-14k▼
Financial income75/76B€364€0▼
Recurring financial income75€364€0▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€31k€-17k▼
Income taxes67/77€7k€339▼
Profit (loss) for the period9904€24k€-17k▼
Profit (loss) for the period to be appropriated9905€24k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-17k▼
Transfer from equity791/2-€17k
Transfer to equity691/2€24k-
To other reserves6921€24k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 03-11-2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 2023
Ground area
432 m²
Building footprint
142 m²
Volume, LiDAR
704 m³
2 parcels, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LUVICUS
since 20232.344.027.269
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006E0171/00E000 | Flanders | 285 m² | 1 · 71 m² | 6.3 m · 1 fl. |
| 42021B0050/00L006 | Flanders | 146 m² | 1 · 71 m² | 10.5 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PETRA SEYMOENS EDINGSESTEENWEG 268,
9400 NINOVE |
03-11-2025 → present |
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 605 EUR awarded · 1,160 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 605 EUR | 1,160 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,245 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
Founded21-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
41003General construction of other non-residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.luvicus.be
E-mail:info@luvicus.be