Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LUDUM from Aalst, company number BE0635555678, closed financial year 2025 with a result of € 71,903 after tax. For that financial year LUDUM recorded a gross margin of € 346,218 and equity of € 194,899. Compared with financial year 2024, the result moved from € 94,266 to € 71,903. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 11, 2026.
€ 194,899
▲ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71,903
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 71,471
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 182,892.
People and assets in 2025
3.3
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 126,664
▲ 53% vs 2024
€ 38,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 27,318
▲ 7% vs 2024
Of which on lease € 15,436.
Debts at end 2025
€ 985,632
▲ 3% vs 2024
€ 107,763 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 45,888
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,455
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 303,249 | € 322,345 | € 355,477 | € 346,218 | ▼ 3% |
| Profit after taxes | € 70,903 | € 44,583 | € 94,266 | € 71,903 | ▼ 24% |
| Equity | € 234,595 | € 279,178 | € 125,045 | € 194,899 | ▲ 56% |
| Total debts | € 1,145,646 | € 1,208,036 | € 1,182,947 | € 1,259,984 | ▲ 7% |
| Cash | € 127,212 | € 98,428 | € 85,428 | € 71,471 | ▼ 16% |
| Land & buildings | € 791,518 | € 1,034,087 | € 963,668 | € 914,988 | ▼ 5% |
| Retained profit | € 209,595 | € 254,178 | € 113,039 | € 182,892 | ▲ 62% |
| Dividend | € 0 | € 0 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 993,812 | € 1,100,850 | € 956,673 | € 985,632 | ▲ 3% |
| Balance sheet total | € 1,380,241 | € 1,487,214 | € 1,307,993 | € 1,454,882 | ▲ 11% |
| Employees (FTE) | 2.5 | 2.6 | 2.9 | 3.3 | ▲ 0.4 |
Key figures of LUDUM, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to LUDUM?
What happened at LUDUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 71,903 (▼ 24% vs 2024). filed late Source: NBB ↗
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 70,903 profit in 2021 to € 71,903 profit in 2025.
Paid € 71,472 in corporate taxes since 2021.
Best year ever: 2024, with € 94,266 profit.
On average € 104,900 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind LUDUM are VANINA NINH DEMIN and OLIVIER VAN DEN BORRE. OLIVIER VAN DEN BORRE is also behind OLUMA and TAWI.
Establishments
Establishment units
Physical locations of this company
Vredeplein 12
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0635.555.678
- VAT number
- BE 0635.555.678
- Registered office
- Vredeplein 12, 9300 Aalst
- Names & denominations
- LUDUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 2015
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Activiteiten van loterijen en kansspelen
Verhuur van videobanden, dvd's en cd's
Detailhandel in boeken
Verhuur en lease van tenten
Detailhandel in ICT-apparatuur
Detailhandel in chocolade en suikerwerk
Detailhandel in souvenirs en religieuze artikelen
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