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.
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| 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% |
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.
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
- Start of the company according to the CBE. KBO
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.
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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 LUTHO are Eveline Moreel and Fritz Walcarius. Fritz Walcarius is also behind SHAPES METALPROJECTS, ADVANCED TUBE TECHNOLOGY and SHAPES METALWORKS.
Directors
According to the 2025 annual accounts
Eveline Moreel
Director
since 2021
Fritz Walcarius
Director
Also active at: SHAPES METALPROJECTS, ADVANCED TUBE TECHNOLOGY, SHAPES METALWORKS
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.
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
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