Checked.be
Active
BE 0864.071.347Private limited company
VISHANDEL LUK
Groentemarkt 14 ·8400 Oostende, Belgium· 22 yrs active
Sector: Retail trade
(47230)
Conclusion
VISHANDEL LUK has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €204k and a net result of €15k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 1230 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €204k |
| Net result | €15k |
| Staff (FTE) | 4.3 |
| Better than sector | 87% |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
38
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 22 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
86
/ 100
Excellent
Computed from 5 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
€18k
estimate, not credit advice
Score history
43
2022
94
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.93 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.64 (≥ 1.0)
+5
Leverage
Debt/equity 0.49 (< 1.0)
+10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 5.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-09-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~13.1%/year over 3 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 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.4% | 20.3% | |
| Net result | €15k | €25k | |
| Equity | €204k | €142k | |
| Gross operating margin | €223k | €215k | |
| Staff costs | €184k | €160k |
€38k
-32.7%
22-24
€15k
-55.2%
22-24
€32k
-38.7%
22-24
€307k
-26.5%
22-24
€204k
+8.1%
22-24
€169k
+16.5%
22-24
4
+13.2%
22-24
€184k
+7.1%
22-24
€2k
-
22-24
€40k
-
22-24
€99k
-55.9%
22-24
€88k
-57.4%
22-24
€11k
-44.2%
22-24
2.93
+71.8%
22-24
2.64
+68.0%
22-24
66.4%
+47.1%
22-24
0.49
-59.2%
22-24
7.5%
-58.6%
22-24
5.0%
-39.0%
22-24
5.11
-41.0%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €38k | €56k | €-40k |
| Net profit | €15k | €34k | €-61k |
| Cash flow | €32k | €52k | €-46k |
| Staff costs | €184k | €172k | €191k |
| Income taxes | €2k | - | - |
| Dividends | - | - | €40k |
| Total assets | €307k | €418k | €457k |
| Equity | €204k | €189k | €155k |
| Debt | €99k | €225k | €298k |
| of which ≤ 1y | €88k | €206k | €271k |
| of which > 1y | €11k | €19k | €27k |
| Working capital | €169k | €145k | €104k |
| Employees (FTE) | 4.3 | 3.8 | 4.4 |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.93 | 1.70 | 1.38 |
| Quick ratio | 2.64 | 1.57 | 1.24 |
| Working capital ratio | 54.9% | 34.6% | 22.8% |
| Solvency | 66.4% | 45.2% | 33.8% |
| Debt / equity | 0.49 | 1.19 | 1.93 |
| Long-term debt ratio | 0.05 | 0.10 | 0.18 |
| Interest coverage | 5.11 | 8.66 | -4.93 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 5.0% | 8.2% | -13.3% |
| ROE | 7.5% | 18.1% | -39.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €307k | €418k | €457k |
| Fixed assets | 21/28 | €51k | €68k | €82k |
| Tangible fixed assets | 22/27 | €51k | €68k | €82k |
| Financial fixed assets | 28 | €19 | €19 | €19 |
| Current assets | 29/58 | €256k | €350k | €375k |
| Stocks & contracts in progress | 3 | €25k | €27k | €39k |
| Amounts receivable within one year | 40/41 | €94k | €101k | €106k |
| Cash & bank | 54/58 | €85k | €160k | €158k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €307k | €418k | €457k |
| Equity | 10/15 | €204k | €189k | €155k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €178k | €162k | €131k |
| Accumulated profits (losses) | 14 | - | - | €-3k |
| Provisions & deferred taxes | 16 | €4k | €4k | €4k |
| Amounts payable | 17/49 | €99k | €225k | €298k |
| Amounts payable after one year | 17 | €11k | €19k | €27k |
| Amounts payable within one year | 42/48 | €88k | €206k | €271k |
| Trade debts payable within one year | 44 | €26k | €150k | €184k |
| Income statement | ||||
| Gross operating margin | 9900 | €223k | €238k | €152k |
| Operating result | 9901 | €21k | €38k | €-56k |
| Financial income | 75 | €3k | €2k | €3k |
| Financial charges | 65 | €7k | €6k | €8k |
| Result before taxes | 9903 | €17k | €34k | €-61k |
| Income taxes | 67/77 | €2k | - | - |
| Net result for the period | 9904 | €15k | €34k | €-61k |
| Result to be appropriated | 9905 | €15k | €34k | €-61k |
Legal Structure
| NACE primary | Retail trade(47230) |
| Legal form | Private limited company(610) |
| Incorporation | 16-03-2004 |
| Status | Active |
| Postal code | 8400 |
Establishment units
VISHANDEL LUK
since 20042.136.261.484
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0406/00A000 | Flanders | 152 m² | 1 · 152 m² | 16.5 m · 4 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
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 39 days late
2024
31-12
Financial
Equity above €200kEq €204k ▲8.1%
2 profitable years in a row build equity to €204k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 71 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Retail trade47230Fishing and aquaculture0311005010Wholesale trade46323Retail sale of beverages, general range4725251381Logistics services52250
Names & trade names
| Legal nameNL | VISHANDEL LUK |
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