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LUCA School of Arts

Active
Non-profit associationfounded 199531 years activePaleizenstraat 70, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0456.758.944
Summary

LUCA School of Arts has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38.6m and a net result of €941,541. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 44% of 825 sector peers (NACE 85, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Education
NACE 85402
#1 company by total assets in Schaarbeek, Education sector7 sites
Size
€59.0mturnover 2025
Staff
25 FTE
Equity
€38.6m
Profit
€941,541
Financial health
93 Excellent Checked score 2025
Bankruptcy probability, 12 months
< 0.1%
Structure
Board
14 members
Accounts 103 days early
Why 93+ Legal form Non-profit association+ Liquidity: current ratio 1.90, cash €22.1m+ Size: turnover €59.0m, 25 FTE, total assets €78.7m+ Sector Education (NACE 85)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 85, small)
Financial strength · tick = 2024
Strong
Solvency 74-1
equity 49.1% of total assets
Liquidity 73-17
short-term debt 29.4% · cash 28.1%
Profitability 65-6
return on assets 1.2%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (624 companies)
Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● unchanged vs 11-2024highest value 01-2025: < 0.1%● unchanged vs 12-2024highest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit up to €3,550,000 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 2.24 in 2024; short-term debt: 29.4% and cash: 28.1% of total assets), but 50.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, small): better than 42% on solvency, 68% on liquidity, 28% on profitability and 52% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk○neutral
lowers risk · Legal form Non-profit association
KBO
lowers risk · Liquidity: current ratio 1.90, cash €22.1m
NBB · annual accounts
lowers risk · Size: turnover €59.0m, 25 FTE, total assets €78.7m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector Education (NACE 85)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-04-2026, 103 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
103 days early
2024
122 days early
2023
113 days early
2022
122 days early
2021
125 days early
2020
106 days early
2019
112 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 115 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 31 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Resignations: Reinhilde Meylaerts, Len Heugebaert and…Appointments: Dirk Hermans (director) and…
  3. Resignations: Simon Van Damme (director) and…Appointments: Veerle Van der Sluys…

Key points

  • Positive: Company by total assets in Schaarbeek, Education sectorin the Checked rankings #1 View
  • Caution: Result fell in 2025from €2.6m to €941,541 ▼ 63.8% View
  • Positive: 7 years of growth in a rowturnover 2025: €59.0m 7 years View
  • EU supportawarded 2021 - 2025 €14.6m View
  • Board changedlatest change 07-11-2025 · 14 in office 2 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Turnover
€59.0m
Profit
€941,541
Solvency
49.1%
Turnover▲ 4.1%
Net result
20182025
Go to Financials

Timeline

Events
55
Since
2004
Next accounts
by 31-07-2027
  1. 05-05-2025Resignations: Liliane Dewachter, Hans Martens and 3…
  2. 31-03-2025Resignations: Bart Raymaekers, Nattakit Pheanklang and Johanna…
  3. 31-03-2025Annual accounts filed
Go to Timeline

Company details

Sites
7
Legal form
Non-profit association
Activity
EducationNACE 85402
Founded
08-03-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
De vereniging heeft als belangeloos doel het organiseren van hoger onderwijs in de ruime…
Go to Articles of association

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