ACTIVE

LUTHO

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Financial year 2025 · closed on 30/06/2025

Net result

82,8 k €

+24.5% YoY

Gross margin

207,2 k €

+0.8% YoY

Equity

399 k €

+13.5% YoY

What does LUTHO do?

LUTHO is a Private limited company incorporated in 2008. Its main activity is: Specialised design activities. Its registered office is in Avelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.430.025

Incorporation

17/07/2008

Legal form

Private limited company

Registered office

Sint-Maartensstraat 5
8580 Avelgem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

74102Specialised design activities· main 74112Specialised design activities 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products 64200Activities of holding companies 64210Activities of holding companies+6

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009
Income statement
Gross margin	207,2 k €	+0.8%	205,6 k €	+45.6%	141,2 k €	+3.7%	136,2 k €	+16.1%	117,3 k €	+52.3%	77 k €	+107%	37,2 k €	-2.7%	38,2 k €	-34.0%	57,9 k €	+29.1%	44,8 k €	-27.6%	61,9 k €	+4.4%	59,3 k €	+7.0%	55,4 k €	-26.9%	75,8 k €	+80.3%	42,1 k €	+138%	17,6 k €
EBITDA	201,8 k €	+17.3%	172 k €	+23.5%	139,3 k €	+3.8%	134,2 k €	+34.2%	100,1 k €	+30.7%	76,5 k €	+108%	36,7 k €	-2.2%	37,6 k €	-34.4%	57,2 k €	+31.0%	43,7 k €	-26.1%	59,2 k €	+3.8%	57 k €	+24.2%	45,9 k €	-37.6%	73,6 k €	+76.0%	41,8 k €	+140%	17,5 k €
Operating result	136,6 k €	+25.0%	109,3 k €	+6.8%	102,3 k €	-8.0%	111,2 k €	+43.2%	77,7 k €	+66.4%	46,7 k €	+312%	11,3 k €	+51.9%	7,5 k €	-71.3%	26 k €	+218%	8,2 k €	-67.9%	25,5 k €	+2.3%	24,9 k €	+49.7%	16,6 k €	-71.7%	58,9 k €	+45.0%	40,6 k €	+173%	14,8 k €
Net result	82,8 k €	+24.5%	66,5 k €	+2.6%	64,8 k €	-11.8%	73,5 k €	+41.9%	51,8 k €	+70.6%	30,4 k €	+698%	3,8 k €	+38.2%	2,8 k €	-78.5%	12,8 k €	+1058%	1,1 k €	-91.7%	13,3 k €	-5.1%	14 k €	+62.9%	8,6 k €	-75.8%	35,5 k €	+20.2%	29,5 k €	+202%	9,8 k €
Balance sheet
Equity	399 k €	+13.5%	351,6 k €	+23.3%	285,1 k €	+29.4%	220,3 k €	+5.0%	209,7 k €	+31.5%	159,5 k €	+23.5%	129,2 k €	+2.0%	126,6 k €	+2.2%	123,9 k €	+11.5%	111,1 k €	+1.0%	110 k €	+13.8%	96,7 k €	+7.8%	89,6 k €	+10.6%	81 k €	+78.0%	45,5 k €	+185%	16 k €
Total assets	1,1 M €	-2.3%	1,1 M €	+26.0%	863,6 k €	+19.7%	721,5 k €	+8.0%	667,9 k €	+71.6%	389,2 k €	+8.0%	360,3 k €	+1.5%	354,9 k €	-9.9%	394 k €	+0.6%	391,6 k €	+3.6%	378,1 k €	+51.3%	249,9 k €	+79.6%	139,1 k €	-24.1%	183,3 k €	+153%	72,4 k €	+260%	20,1 k €
Cash	15,3 k €	+25.4%	12,2 k €	-68.8%	39 k €	+13.7%	34,3 k €	-78.1%	156,9 k €	+167%	58,8 k €	-25.0%	78,4 k €	+152%	31,2 k €	-54.3%	68,1 k €	+83.4%	37,1 k €	+164%	14,1 k €	-64.4%	39,5 k €	+150%	15,8 k €	+6.2%	14,9 k €	+49.5%	9,9 k €	-4.5%	10,4 k €
Debts	650,8 k €	-11.7%	736,9 k €	+30.0%	566,8 k €	+13.1%	501,2 k €	+9.5%	457,7 k €	+99.7%	229,2 k €	-0.8%	231,1 k €	+1.3%	228,2 k €	-15.5%	270,1 k €	-3.7%	280,6 k €	+4.6%	268,1 k €	+75.0%	153,2 k €	+210%	49,5 k €	-51.6%	102,3 k €	+281%	26,9 k €	+551%	4,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Eveline Moreel

Director · since 13 décembre 2021

Active

Fritz Walcarius

Director · since 13 décembre 2021

Active

Ended mandates

Eveline Moreel

Director · since 17 juillet 2008

Ended

Fritz Walcarius

Director · since 17 juillet 2008

Ended

Eveline Moreel

Manager

Ended

Fritz Walcarius

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
TWR● Active	1028.215.341

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	02/01/2025	22/12/2023	03/01/2023	20/12/2021	11/01/2021
General meeting	19/12/2025	20/12/2024	20/12/2023	15/12/2022	16/12/2021	17/12/2020
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

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	19/12/2025	29/01/2026	Dutch	PDF
Micro model	30/06/2024	20/12/2024	02/01/2025	Dutch	PDF
Micro model	30/06/2023	20/12/2023	22/12/2023	Dutch	PDF
Micro model	30/06/2022	15/12/2022	03/01/2023	Dutch	PDF
Micro model	30/06/2021	16/12/2021	20/12/2021	Dutch	PDF
Micro model	30/06/2020	17/12/2020	11/01/2021	Dutch	PDF
Micro model	30/06/2019	19/12/2019	03/01/2020	Dutch	PDF
Micro model	30/06/2018	20/12/2018	21/12/2018	Dutch	PDF
Micro model	30/06/2017	20/01/2018	05/02/2018	Dutch	PDF
Abridged model	30/06/2016	21/12/2016	23/12/2016	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	18/12/2015	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	22/12/2014	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	27/01/2014	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	21/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 30/06/2025 · 2 active · 4 ended

Active mandates

Eveline Moreel

Director · since 13 décembre 2021

Active

Fritz Walcarius

Director · since 13 décembre 2021

Active

Ended mandates

Eveline Moreel

Director · since 17 juillet 2008

Ended

Fritz Walcarius

Director · since 17 juillet 2008

Ended

Eveline Moreel

Manager

Ended

Fritz Walcarius

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/12/2012
BOEKJAAR
PDF
Other01/08/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202582,8 k €↑
2024
Annual accounts 202466,5 k €↑
2023
Annual accounts 202364,8 k €↓
2022
Annual accounts 202273,5 k €↑
2021
Annual accounts 202151,8 k €↑
2020
Annual accounts 202030,4 k €↑
2019
Annual accounts 20193,8 k €↑
2018
Annual accounts 20182,8 k €↓
2017
Annual accounts 201712,8 k €↑
2016
Annual accounts 20161,1 k €↓
2015
Annual accounts 201513,3 k €↓
2014
Annual accounts 201414 k €↑
2013
Annual accounts 20138,6 k €↓
2011
Annual accounts 201135,5 k €↑
2010
Annual accounts 201029,5 k €↑
2009
Annual accounts 20099,8 k €
17/07/2008
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

LUTHO

Overview

What does LUTHO do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

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