LOUNGE LIZARD
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 26 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €170,000
Total assets
€232,604▼ 32.4%
2024 · €344,259
Net result
€2,841▼ 70.3%
2024 · €9,559
Working capital
€149,373▼ 1.7%
2024 · €151,940
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€3,453
▼ 68.1%
2025
20182025
Net result
€2,841
▼ 70.3%
2025
lowest quarter of the sector
20182025
Equity
€200,342
▼ 8.2%
2025
highest quarter of the sector
20182025
Total assets
€232,604
▼ 32.4%
2025
middle half of the sector
20182025
Debt
€32,262
▼ 74.4%
2025
20182025
Working capital
€149,373
▼ 1.7%
2025
highest quarter of the sector
20182025
Solvency
86.1%
▲ 22.7pp
2025
highest quarter of the sector
20182025
Current ratio
5.63
▲ 3.42
2025
highest quarter of the sector
20182025
Return on assets (ROA)
1.2%
▼ 1.6pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1
=
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€98,619-€171,011▲ 73.4%€32,172▼ 81.2%€85,180▲ 165%€60,075▼ 29.5%€56,044▼ 6.7%€10,818▼ 80.7%€3,453▼ 68.1%
Net result€77,239-€117,024▲ 51.5%€20,771within the sector's middle half▼ 82.3%€60,849above the sector's middle half▲ 193%€42,517within the sector's middle half▼ 30.1%€41,434within the sector's middle half▼ 2.5%€9,559within the sector's middle half▼ 76.9%€2,841below the sector's middle half▼ 70.3%
Equity€62,857-€179,881▲ 186%€200,652above the sector's middle half▲ 11.5%€261,500above the sector's middle half▲ 30.3%€283,767above the sector's middle half▲ 8.5%€325,202above the sector's middle half▲ 14.6%€218,261above the sector's middle half▼ 32.9%€200,342above the sector's middle half▼ 8.2%
Total assets€143,804-€243,602▲ 69.4%€240,831within the sector's middle half▼ 1.1%€281,178within the sector's middle half▲ 16.8%€320,165above the sector's middle half▲ 13.9%€332,640above the sector's middle half▲ 3.9%€344,259above the sector's middle half▲ 3.5%€232,604within the sector's middle half▼ 32.4%
Debt€80,947-€63,721▼ 21.3%€40,180▼ 36.9%€19,678▼ 51.0%€36,398▲ 85.0%€7,438▼ 79.6%€125,998▲ 17×€32,262▼ 74.4%
Working capital€49,726-€158,335▲ 218%€187,174above the sector's middle half▲ 18.2%€252,431above the sector's middle half▲ 34.9%€277,711above the sector's middle half▲ 10.0%€241,107above the sector's middle half▼ 13.2%€151,940above the sector's middle half▼ 37.0%€149,373above the sector's middle half▼ 1.7%
Solvency43.7%-73.8%▲ 30.1pp83.3%above the sector's middle half▲ 9.5pp93.0%above the sector's middle half▲ 9.7pp88.6%above the sector's middle half▼ 4.4pp97.8%above the sector's middle half▲ 9.1pp63.4%within the sector's middle half▼ 34.4pp86.1%above the sector's middle half▲ 22.7pp
Current ratio1.61-3.48▲ 1.875.71above the sector's middle half▲ 2.2313.83above the sector's middle half▲ 8.119.94above the sector's middle half▼ 3.8933.41above the sector's middle half▲ 23.482.21within the sector's middle half▼ 31.215.63above the sector's middle half▲ 3.42
Return on assets (ROA)53.7%-48.0%▼ 5.7pp8.6%within the sector's middle half▼ 39.4pp21.6%within the sector's middle half▲ 13.0pp13.3%within the sector's middle half▼ 8.4pp12.5%within the sector's middle half▼ 0.8pp2.8%below the sector's middle half▼ 9.7pp1.2%below the sector's middle half▼ 1.6pp
Staff (FTE)11=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 68% lower than in 2024 and the lowest since 2018. It is the fourth fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232,604
Fixed assets
€50,970 ▼ 23.1%
Current assets
€181,635 ▼ 34.6%
Equity and liabilities €232,604
Equity
€200,342 ▼ 8.2%
Debt
€32,262 ▼ 74.4%
Debt's share of the balance-sheet total falls from 36.6% to 13.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24,305▼
2024 · €31,209
Cash flow
€23,694▼
2024 · €29,951
Debt to equity
0.16▼
2024 · 0.58
ROE
1.4%▼
2024 · 4.4%
Interest coverage
74.44▼
2024 · over 100
Debt ≤ 1 year
€32,262▼
2024 · €125,998
Income taxes
€3,088▼
2024 · €5,760
Staff costs
€40,933▲
2024 · €26,585
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,770 | €8,390 | €85,620 | €2,618 | €5,566 |
| Financial fixed assets | - | €500 | - | - | - |
| Depreciation and write-downs of the year | €5,415 | €6,577 | €12,408 | €20,392 | €20,852 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €218 awarded · €218 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €26,585 | €40,933 | ▲ 54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,373 | €11,111 | €11,237 | €5,415 | €6,577 | €12,408 | €20,392 | €20,852 | ▲ 2.3% |
| Other operating charges640/8 | - | - | - | €1,211 | €1,668 | €1,233 | €1,259 | €1,268 | ▲ 0.7% |
| Non-recurring operating charges66A | - | - | - | €1,238 | - | - | - | €65 | - |
| Gross operating margin9900 | €107,207 | €183,850 | €45,029 | €93,044 | €68,320 | €69,685 | €59,054 | €66,573 | ▲ 12.7% |
| Operating profit (loss)9901 | €98,619 | €171,011 | €32,172 | €85,180 | €60,075 | €56,044 | €10,818 | €3,453 | ▼ 68.1% |
| Financial income75/76B | - | - | - | €302 | €624 | €2,452 | €4,666 | €2,802 | ▼ 39.9% |
| Recurring financial income75 | €518 | €4,297 | €431 | €302 | €624 | €2,452 | €4,666 | €2,802 | ▼ 39.9% |
| Financial charges65/66B | - | - | - | €50 | €53 | €124 | €165 | €327 | ▲ 98.2% |
| Recurring financial charges65 | €154 | €63 | €311 | €50 | €53 | €124 | €165 | €327 | ▲ 98.2% |
| Profit (loss) for the period before taxes9903 | €98,497 | €175,245 | €32,293 | €85,431 | €60,645 | €58,372 | €15,319 | €5,929 | ▼ 61.3% |
| Income taxes67/77 | €21,258 | €58,221 | €11,522 | €24,583 | €18,128 | €16,938 | €5,760 | €3,088 | ▼ 46.4% |
| Profit (loss) for the period9904 | €77,239 | €117,024 | €20,771 | €60,849 | €42,517 | €41,434 | €9,559 | €2,841 | ▼ 70.3% |
| Profit (loss) for the period to be appropriated9905 | €77,239 | €117,024 | €20,771 | €60,849 | €42,517 | €41,434 | €9,559 | €2,841 | ▼ 70.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €143,804 | €243,602 | €240,831 | €281,178 | €320,165 | €332,640 | €344,259 | €232,604 | ▼ 32.4% |
| Fixed assets21/28 | €13,131 | €21,546 | €13,952 | €9,069 | €11,382 | €84,095 | €66,321 | €50,970 | ▼ 23.1% |
| Tangible fixed assets22/27 | €12,881 | €21,296 | €13,702 | €8,819 | €10,632 | €83,845 | €66,071 | €50,720 | ▼ 23.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €3,486 | - |
| Furniture and vehicles24 | - | - | - | €8,819 | €10,632 | €83,845 | €66,071 | €47,234 | ▼ 28.5% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €750 | €250 | €250 | €250 | = |
| Current assets29/58 | €130,673 | €222,055 | €226,879 | €272,109 | €308,783 | €248,546 | €277,938 | €181,635 | ▼ 34.6% |
| Amounts receivable within one year40/41 | €103,074 | €340 | €12,417 | €4,619 | €20,153 | €25,086 | €22,350 | €25,139 | ▲ 12.5% |
| Trade receivables40 | - | - | - | - | €6,050 | €13,915 | €12,672 | €14,438 | ▲ 13.9% |
| Other amounts receivable41 | - | - | - | €4,619 | €14,103 | €11,171 | €9,678 | €10,702 | ▲ 10.6% |
| Current investments50/53 | €10,088 | €196,686 | €201,183 | €238,179 | €256,679 | €218,825 | €250,000 | €145,595 | ▼ 41.8% |
| Cash at bank and in hand54/58 | €16,272 | €19,119 | €11,593 | €27,247 | €13,161 | €2,603 | €3,714 | €8,408 | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | - | €2,065 | €18,790 | €2,032 | €1,873 | €2,492 | ▲ 33.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €143,804 | €243,602 | €240,831 | €281,178 | €320,165 | €332,640 | €344,259 | €232,604 | ▼ 32.4% |
| Equity10/15 | €62,857 | €179,881 | €200,652 | €261,500 | €283,767 | €325,202 | €218,261 | €200,342 | ▼ 8.2% |
| Contributions10/11 | €19,000 | €19,000 | - | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €43,857 | €160,881 | €181,652 | €242,500 | €264,767 | €306,202 | €199,261 | €181,342 | ▼ 9.0% |
| Non-distributable reserves130/1 | - | - | - | €3,007 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,007 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €239,493 | €264,767 | €306,202 | €199,261 | €181,342 | ▼ 9.0% |
| Amounts payable17/49 | €80,947 | €63,721 | €40,180 | €19,678 | €36,398 | €7,438 | €125,998 | €32,262 | ▼ 74.4% |
| Amounts payable within one year42/48 | €80,947 | €63,721 | €39,706 | €19,678 | €31,072 | €7,438 | €125,998 | €32,262 | ▼ 74.4% |
| Trade debts44 | €814 | €1,797 | €2,300 | €923 | €2,669 | €1,025 | €1,235 | €4,713 | ▲ 282% |
| Suppliers440/4 | - | - | - | €923 | €2,669 | €1,025 | €1,235 | €4,713 | ▲ 282% |
| Taxes, remuneration and social security45 | - | - | - | €18,755 | €8,153 | €6,413 | €8,263 | €6,789 | ▼ 17.8% |
| Taxes450/3 | - | - | - | €18,755 | €8,153 | €6,413 | €8,263 | €6,669 | ▼ 19.3% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €120 | - |
| Other amounts payable47/48 | - | - | - | - | €20,250 | - | €116,500 | €20,760 | ▼ 82.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,326 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,239 | €117,024 | €20,771 | €60,849 | €42,517 | €41,434 | €9,559 | €2,841 | ▼ 70.3% |
| + Depreciation and write-downs630 | €6,373 | €11,111 | €11,237 | €5,415 | €6,577 | €12,408 | €20,392 | €20,852 | ▲ 2.3% |
| Operating cash flow (approximation) | €83,612 | €128,135 | €32,008 | €66,264 | €49,094 | €53,842 | €29,951 | €23,694 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | -€19,527 | -€3,643 | -€532 | -€8,890 | -€85,120 | -€2,618 | -€5,501 | ▼ 110% |
| Change in cash | - | €2,847 | -€7,527 | €15,654 | -€14,085 | -€10,558 | €1,111 | €4,694 | ▲ 322% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as LOUNGE LIZARD has now. Two years later, 94.4% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.4%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LOUNGE LIZARD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for LOUNGE LIZARD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-03-2026 | 2026-00069326 | |
| 31-12-2024 | micro format | 29-05-2025 | 2025-00117038 | |
| 31-12-2023 | micro format | 09-08-2024 | 2024-00339456 | |
| 31-12-2022 | micro format | 11-06-2023 | 2023-00126835 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20337521 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-49900303 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-25800523 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-34500405 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-29900286 | |
| 31-12-2016 | abbreviated format | 03-08-2017 | 2017-41200022 |