Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMEDERIJ LUCO from Waregem, company number BE0434521297, closed financial year 2025 with a result of € 49,413 after tax. For that financial year SMEDERIJ LUCO recorded a gross margin of € 139,220 and equity of € 205,925. Compared with financial year 2024, the result moved from € -2,774 to € 49,413. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 205,925
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 49,413
▲ still € 2,774 loss in 2024
Profit after tax over the fiscal year.
€ 90,859
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 134,616 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 35,828
▼ 45% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 49,520
▲ € 46,292 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 39,386
▲ € 36,282 vs 2024
€ 8,636 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 14,601
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,648
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 213,753 | € 184,325 | € 169,271 | € 139,220 | ▼ 18% |
| Profit after taxes | € 52,380 | € 40,363 | € -2,774 | € 49,413 | ▲ € 52,186 |
| Equity | € 315,330 | € 333,859 | € 291,128 | € 205,925 | ▼ 29% |
| Total debts | € 229,298 | € 170,053 | € 133,240 | € 241,546 | ▲ 81% |
| Cash | € 100,670 | € 79,058 | € 73,414 | € 90,859 | ▲ 24% |
| Land & buildings | € 362,988 | € 345,350 | € 265,969 | € 259,330 | ▼ 2% |
| Retained profit | € 296,730 | € 315,259 | € 272,528 | € 187,325 | ▼ 31% |
| Dividend | € 22,128 | € 21,834 | € 39,957 | € 134,616 | ▲ 237% |
| Bank debt | € 31,640 | € 9,241 | € 3,104 | € 39,386 | ▲ € 36,282 |
| Balance sheet total | € 544,628 | € 503,912 | € 424,368 | € 447,470 | ▲ 5% |
Key figures of SMEDERIJ LUCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SMEDERIJ LUCO?
What happened at SMEDERIJ LUCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 49,413. Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 52,380 profit in 2022 to € 49,413 profit in 2025.
Paid € 53,763 in corporate taxes since 2022.
Best year ever: 2022, with € 52,380 profit.
Paid out € 218,535 in dividends to the owners in total.
Management
Behind SMEDERIJ LUCO are Kurt Coussement and Bart Coussement.
Directors
According to the 2025 annual accounts
Kurt Coussement
Director
Bart Coussement
Director
Establishments
Establishment units
Physical locations of this company
Sprietestraat 176
8792 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.521.297
- VAT number
- BE 0434.521.297
- Registered office
- Sprietestraat 176, 8792 Waregem
- Names & denominations
- SMEDERIJ LUCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 June 1988
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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