Financials
Financial year 2025
LUTHO from Avelgem, company number BE0899430025, closed financial year 2025 with a result of € 82,759 after tax. For that financial year LUTHO recorded a gross margin of € 207,166 and equity of € 399,007. Compared with financial year 2024, the result moved from € 66,478 to € 82,759. 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 January 29, 2026.
€ 399,007
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 82,759
▲ 24% vs 2024
Profit after tax over the fiscal year.
€ 15,259
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 35,309 paid out
43 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 86,443
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 413,819
▼ 16% vs 2024
€ 74,965 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4,313
▲ 174% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,461
▼ 16% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 136,170 | € 141,160 | € 205,595 | € 207,166 | ▲ 1% |
| Profit after taxes | € 73,523 | € 64,814 | € 66,478 | € 82,759 | ▲ 24% |
| Equity | € 220,265 | € 285,079 | € 351,557 | € 399,007 | ▲ 13% |
| Total debts | € 501,241 | € 578,511 | € 736,930 | € 664,978 | ▼ 10% |
| Cash | € 34,340 | € 39,042 | € 12,168 | € 15,259 | ▲ 25% |
| Land & buildings | € 420,154 | € 409,016 | € 663,410 | € 640,881 | ▼ 3% |
| Retained profit | € 214,065 | € 278,879 | € 345,357 | € 392,807 | ▲ 14% |
| Dividend | € 0 | € 0 | € 0 | € 35,309 | |
| Bank debt | € 281,778 | € 367,993 | € 494,328 | € 413,819 | ▼ 16% |
| Balance sheet total | € 721,505 | € 863,590 | € 1,088,487 | € 1,063,985 | ▼ 2% |
By gross margin, LUTHO ranks 22nd of 42 companies with main activity “Activiteiten van industriële designers” in West Flanders that publish figures (fiscal year 2025).
Key figures of LUTHO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
Ask about LUTHO the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to LUTHO?
What happened at LUTHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 82,759 (▲ 24% vs 2024). Source: NBB ↗
- Eveline Moreel became a director. NBB
- Fritz Walcarius became a director. NBB
- New establishment in Avelgem. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 73,523 profit in 2022 to € 82,759 profit in 2025.
Paid € 135,956 in corporate taxes since 2022.
Best year ever: 2025, with € 82,759 profit.
Paid out € 35,309 in dividends to the owners in total.
Management
Behind LUTHO are Eveline Moreel and Fritz Walcarius. Fritz Walcarius is also behind SHAPES METALPROJECTS and SHAPES METALWORKS.
Directors
According to the 2025 annual accounts
Eveline Moreel
Director
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Sint-Maartensstraat 5
8580 Avelgem
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.
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HENRI BAEKE & FREDERIK VANDENBRIELE - GEASSOCIEERDE NOTARISSEN
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Notascript Geassocieerde Notarissen
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- WALCARIUS Fritz Aimé(oprichter) 50%
- MOREEL Eveline Marie Madeleine(oprichter) 50%
Details
- Company number
- 0899.430.025
- VAT number
- BE 0899.430.025
- Registered office
- Sint-Maartensstraat 5, 8580 Avelgem
- Names & denominations
- LUTHO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 2008
- Peppol
- Active · Active since 30 Aug 2023
- Activities · NACE
Activiteiten van industriële designers
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