ACTIVE

LUTRA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

33,5 k €

-8.0% YoY

Gross margin

124,2 k €

+9.2% YoY

Equity

617,1 k €

-22.1% YoY

What does LUTRA do?

LUTRA is a Private limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.103.822

Incorporation

27/06/2001

Legal form

Private limited company

Registered office

Izabellapolder 5
8300 Knokke-Heist · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70311Activities of head offices; management consultancy activities 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding 68310Real estate agencies+1

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	124,2 k €	+9.2%	113,7 k €	-81.5%	614,3 k €	+467%	108,3 k €	-35.6%	168,2 k €	+47.0%	114,4 k €	-9.6%	126,6 k €	+2.6%	123,3 k €	-52.0%	256,8 k €	-4.0%	267,5 k €	+53.8%	173,9 k €	+146%	70,8 k €	-3.7%	73,5 k €	-7.5%	79,4 k €	-45.8%	146,5 k €	+98.3%	73,9 k €	+19.6%	61,8 k €	-0.4%	62,1 k €	-52.9%	131,8 k €	+165%	49,7 k €
EBITDA	122,1 k €	+9.2%	111,8 k €	-81.8%	613,8 k €	+477%	106,3 k €	-35.6%	165 k €	+45.9%	113,1 k €	-9.8%	125,3 k €	+2.6%	122,1 k €	-52.2%	255,7 k €	-4.0%	266,4 k €	+54.2%	172,8 k €	+162%	65,9 k €	-8.8%	72,3 k €	+68.5%	42,9 k €	-48.5%	83,3 k €	+17.8%	70,7 k €	+14.6%	61,7 k €	+2.0%	60,5 k €	-53.6%	130,6 k €	+169%	48,5 k €
Operating result	75,7 k €	+14.7%	66 k €	-88.7%	586,1 k €	+624%	81 k €	+1.7%	79,6 k €	-17.9%	97 k €	-11.2%	109,2 k €	+3.0%	106 k €	-55.7%	239,6 k €	-4.3%	250,3 k €	+61.2%	155,3 k €	+220%	48,5 k €	-12.5%	55,4 k €	+113%	26 k €	-33.8%	39,3 k €	-37.1%	62,5 k €	+16.8%	53,5 k €	+2.3%	52,3 k €	-57.3%	122,3 k €	+204%	40,3 k €
Net result	33,5 k €	-8.0%	36,5 k €	-91.3%	417,2 k €	+667%	54,4 k €	-8.2%	59,3 k €	-25.9%	80 k €	-1.7%	81,4 k €	+21.6%	66,9 k €	-32.3%	98,8 k €	-28.4%	138,1 k €	+70.7%	80,9 k €	+352%	17,9 k €	-21.9%	22,9 k €	+9604%	-240,9 €	-100%	163,5 k €	+340%	37,1 k €	+28.3%	28,9 k €	+14.6%	25,2 k €	-65.8%	73,8 k €	+225%	22,7 k €
Balance sheet
Equity	617,1 k €	-22.1%	792,1 k €	-6.0%	842,3 k €	+69.4%	497,2 k €	-9.1%	547 k €	-13.3%	631,3 k €	-1.0%	637,6 k €	+18.9%	536,1 k €	+14.1%	470 k €	+26.6%	371,2 k €	+59.2%	233,1 k €	+53.2%	152,2 k €	-25.5%	204,3 k €	+12.6%	181,4 k €	-0.1%	181,7 k €	+68.0%	108,1 k €	+52.3%	71 k €	+68.8%	42,1 k €	-56.5%	96,8 k €	+321%	23 k €
Total assets	2 M €	-3.0%	2 M €	-4.3%	2,1 M €	-11.7%	2,4 M €	+21.0%	2 M €	+58.3%	1,3 M €	+3.8%	1,2 M €	+5.4%	1,1 M €	+3.0%	1,1 M €	+11.9%	991,9 k €	+14.8%	864 k €	-4.8%	908 k €	+1.6%	893,8 k €	+2.8%	869,6 k €	-16.2%	1 M €	+180%	370,8 k €	+10.2%	336,5 k €	-1.4%	341,4 k €	-16.5%	408,9 k €	+8.2%	377,8 k €
Cash	462,2 €	-99.2%	57,8 k €	-45.1%	105,3 k €	-13.9%	122,4 k €	-49.2%	241 k €	+918%	23,7 k €	-30.9%	34,2 k €	+172%	12,6 k €	-15.1%	14,8 k €	+1328%	1 k €	+473%	181,1 €	-98.5%	12,1 k €	+109%	5,8 k €	+33.6%	4,3 k €	-80.5%	22,3 k €	-60.7%	56,6 k €	+780%	6,4 k €	+24303%	26,4 €	-99.8%	14,7 k €	+2824%	501,9 €
Debts	1,2 M €	+10.9%	1,1 M €	-3.2%	1,1 M €	-38.5%	1,9 M €	+33.3%	1,4 M €	+141%	580,9 k €	+9.6%	530 k €	-3.0%	546,5 k €	-5.2%	576,5 k €	+3.9%	554,8 k €	-1.4%	562,6 k €	-17.9%	685,1 k €	+11.1%	616,4 k €	+0.6%	612,8 k €	-21.2%	778 k €	+196%	262,6 k €	-1.1%	265,5 k €	-11.3%	299,3 k €	-4.1%	312,1 k €	-12.0%	354,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Bernard Pauwels

Director · since 21 juin 2001

Active

Ended mandates

Bernard PAUWELS

Director

Ended

Bernard PAUWELS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/12/2021	30/12/2020
Length of the financial year	12 months	12 months	12 months	13 months	13 months	13 months
Filing date	17/03/2026	06/06/2025	10/06/2024	02/06/2023	13/05/2022	17/05/2021
General meeting	09/03/2026	01/06/2025	01/06/2024	01/06/2023	02/05/2022	03/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/03/2026	17/03/2026	Dutch	PDF
Micro model	31/12/2024	01/06/2025	06/06/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	10/06/2024	Dutch	PDF
Micro model	31/12/2022	01/06/2023	02/06/2023	Dutch	PDF
Micro model	30/12/2021	02/05/2022	13/05/2022	Dutch	PDF
Micro model	30/12/2020	03/05/2021	17/05/2021	Dutch	PDF
Micro model	30/12/2019	02/05/2020	28/05/2020	Dutch	PDF
Micro model	30/12/2018	02/05/2019	28/05/2019	Dutch	PDF
Abridged model	30/12/2017	02/05/2018	12/06/2018	Dutch	PDF
Abridged model	30/12/2016	02/05/2017	31/05/2017	Dutch	PDF
Abridged model	30/12/2015	02/05/2016	13/05/2016	Dutch	PDF
Abridged model	30/12/2014	31/03/2015	24/04/2015	Dutch	PDF
Abridged model	30/12/2013	24/03/2014	02/04/2014	Dutch	PDF
Abridged model	30/12/2012	02/05/2013	28/06/2013	Dutch	PDF
Abridged model	30/12/2011	02/05/2012	21/05/2012	Dutch	PDF
Abridged model	30/12/2010	02/05/2011	12/08/2011	Dutch	PDF
Abridged model	30/12/2009	01/05/2010	03/05/2010	Dutch	PDF
Abridged model	30/12/2008	04/05/2009	08/06/2009	Dutch	PDF
Abridged model	30/12/2007	01/05/2008	22/06/2008	Dutch	PDF
Abridged model	30/12/2006	01/05/2007	15/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Bernard Pauwels

Director · since 21 juin 2001

Active

Ended mandates

Bernard PAUWELS

Director

Ended

Bernard PAUWELS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/08/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/04/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/07/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other01/02/2010
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office18/12/2003
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202533,5 k €↓
2024
Annual accounts 202436,5 k €↓
2023
Annual accounts 2023417,2 k €↑
2022
Annual accounts 202254,4 k €↓
2021
Annual accounts 202159,3 k €↓
2020
Annual accounts 202080 k €↓
2019
Annual accounts 201981,4 k €↑
2018
Annual accounts 201866,9 k €↓
2017
Annual accounts 201798,8 k €↓
2016
Annual accounts 2016138,1 k €↑
2015
Annual accounts 201580,9 k €↑
2014
Annual accounts 201417,9 k €↓
2013
Annual accounts 201322,9 k €↑
2012
Annual accounts 2012-240,9 €↓
2011
Annual accounts 2011163,5 k €↑
2010
Annual accounts 201037,1 k €↑
2009
Annual accounts 200928,9 k €↑
2008
Annual accounts 200825,2 k €↓
2007
Annual accounts 200773,8 k €↑
2006
Annual accounts 200622,7 k €
27/06/2001
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LUTRA

Overview

What does LUTRA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline