LACE PARADISE
ActiveSummary
LACE PARADISE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€951,296) and a net result of -€16,142. Equity has been shrinking by about 47% per year since 2018. Its solvency ranks better than 5% of 12,775 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Official details
Source: KBO- Status
- Active since 17-03-1989 Normal situation
- Activity
- Retail sale of household textiles and bedding NACE 47512and 3 others
- Establishment unit
- 2.348.433.247 8400 Oostende, since 01-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Board and ownership
- Lescrauwaet LucienDirector · since 01-09-2012
- Lescrauwaet AnnDirector · since 06-03-2024
- Lescrauwaet LucDirector · since 06-03-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €65,601
- Turnover
- ≈ €320,000
- estimated
- Loss
- €16,142
- ▼ 93.3%
- Equity
- -€951,296
- ▼ 1.7%
- Total assets
- €251,850
- ▲ 15.8%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
- Negative equity on 31-12-2025
- 2025 accounts filed 81 days after the deadline
Score breakdownraises riskCapped at 59: negative equitySector: Retail trade (NACE 47)Negative equity -€951,296lowers riskSize: total assets €251,850Founded in 1989Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 8% on liquidity, 17% on profitability and 35% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 80 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€951,296 View
- Risk: 8 loss-making years in a rowloss in financial year 2025 -€16,142 View
- Positive: Result rose in 2025different schema filed ▲ 93.3% View
- Caution: Lower solvency than 95% of companies in retail tradesector median 36.6% · 12,775 companies -377.7% View
Recent changes
- · Gazette deed Appointment: Lescauwaet Jan (director)
- · Gazette deed Registered office
- · Gazette deed Resignations & appointments
Comparable companies
These companies have the same main activity as LACE PARADISE: retail sale of household textiles and bedding (NACE 47512). They are comparable in size and age: total assets between €183,000 and €325,000, founded between 1988 and 1991.
| Company | Total assets | Gross margin |
|---|---|---|
| LACE PARADISE Oostende | €251,850 | €65,601 |
| NEW LOOK Pittem | €259,324 | €77,922 |
| EMMANUELLE D.-BOETIEK Schilde | €266,105 | €69,322 |
| CENTRALE DES AMENAGEMENTS Seraing | €221,568 | €74,125 |
| CARO Beringen | €212,338 | €68,919 |
| VINCA Veurne | €324,904 | €88,447 |
| DEFI Oostkamp | €182,945 | €50,722 |
Key facts about LACE PARADISE
- What is the company number of LACE PARADISE?
- The company number of LACE PARADISE is 0436.964.808. The VAT number is the same number with BE in front: BE 0436.964.808.
- Where is LACE PARADISE based?
- The registered office is at Adolf Buylstraat 49, 8400 Oostende.Company details
- What does LACE PARADISE do?
- According to the KBO register, the main activity is retail sale of household textiles and bedding (NACE 47512).
- What is the legal form of LACE PARADISE?
- The legal form of LACE PARADISE is Public limited company (NV).
- When was LACE PARADISE founded?
- LACE PARADISE was founded on 17-03-1989.
- Is LACE PARADISE still active?
- Yes, LACE PARADISE is an active enterprise in the KBO register.
- How many employees does LACE PARADISE have?
- LACE PARADISE had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LACE PARADISE?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €65,601 and 35 comparable companies (NACE 475). It probably lies between €180,000 and €540,000.
- Is LACE PARADISE profitable?
- In financial year 2025, LACE PARADISE made a loss of €16,142.
- Where can I find the annual accounts of LACE PARADISE?
- LACE PARADISE filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LACE PARADISE due?
- LACE PARADISE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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