Financials
Financial year 2024
Lutho Estate from Oudenaarde, company number BE0467971847, closed financial year 2024 with a result of € 259,899 after tax. For that financial year Lutho Estate recorded a gross margin of € 937,676 and equity of € 2.1 million. Compared with financial year 2023, the result moved from € 32,648 to € 259,899. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2025.
€ 2.1 million
▲ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 259,899
▲ € 227,250 vs 2023
Profit after tax over the fiscal year.
€ 823,085
▲ € 720,080 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 780,923.
People and assets in 2024
€ 467,254
▼ 3% vs 2023
Of which on lease € 438,586.
Debts at end 2024
€ 2.5 million
▼ 27% vs 2023
€ 170,423 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 46,681
▼ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 25,025
▲ € 19,307 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 382,233 | € 339,514 | € 404,134 | € 937,676 | ▲ 132% |
| Profit after taxes | € -59,035 | € -5,929 | € 32,648 | € 259,899 | ▲ € 227,250 |
| Equity | € 1,606,805 | € 1,770,088 | € 1,802,737 | € 2,062,635 | ▲ 14% |
| Total debts | € 3,620,441 | € 4,086,695 | € 3,988,434 | € 2,801,930 | ▼ 30% |
| Cash | € 57,572 | € 23,405 | € 103,006 | € 823,085 | ▲ € 720,080 |
| Land & buildings | € 4,216,966 | € 4,901,750 | € 4,725,728 | € 3,247,681 | ▼ 31% |
| Retained profit | € 494,305 | € 488,376 | € 521,024 | € 780,923 | ▲ 50% |
| Bank debt | € 2,875,188 | € 3,660,958 | € 3,445,637 | € 2,514,845 | ▼ 27% |
| Balance sheet total | € 5,227,245 | € 5,856,784 | € 5,791,170 | € 4,984,790 | ▼ 14% |
Key figures of Lutho Estate, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Lutho Estate?
What happened at Lutho Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 259,899 (▲ € 227,250 vs 2023). Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,035 loss in 2021 to € 259,899 profit in 2024.
Paid € 4,986 in corporate taxes since 2021.
Best year ever: 2024, with € 259,899 profit.
Management
Behind Lutho Estate are T.V.A BV and Ludo Van Audenaerde. The same people are also behind VAN AUDENAERDE LUDO. Ludo Van Audenaerde is also behind T.V.A..
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Volkegemberg 8
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.971.847
- VAT number
- BE 0467.971.847
- Registered office
- Volkegemberg 8, 9700 Oudenaarde
- Names & denominations
- Lutho Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 1999
- Peppol
- Active · Active since 28 May 2025
- Activities · NACE
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Holdings