LOVELY
Judicial reorganisationSummary
The file of LOVELY contains 9 judicial reorganisation notices, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of LOVELY as special situation, with no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €1.5m and a net result of €104,242. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 34% of 495 sector peers (NACE 55, financial year 2025).
Financials · financial year 2025, full format
Turnover
€2.3m
EBIT margin
-2.8%
Net result
€104,242▼ 6.2%
2024 · €111,084
Working capital
-€6.2m▼ 9.0%
2024 · -€5.7m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 3% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.6m
2025
Equity€1.5m
2025
Debt€7.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€6.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency17.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.11
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)12.6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€2.3m
Operating result€1.0m--€0.06m-€0.06m▲ 8.2%-€0.1m▼ 60.7%-€0.4m▼ 335%€0.08m€0.1m▲ 75.1%€0.1m▼ 2.9%
Net result€0.8m--€0.001m-€0.5mbelow the sector's middle half▼ 49,447%-€0.2mwithin the sector's middle half▲ 69.0%-€0.1mbelow the sector's middle half▲ 20.5%€0.6mabove the sector's middle half€0.1mwithin the sector's middle half▼ 81.7%€0.1mwithin the sector's middle half▼ 6.2%
EBIT margin-2.8%
Equity€6.9m-€1.5m▼ 78.4%€1.0mwithin the sector's middle half▼ 34.4%€0.8mwithin the sector's middle half▼ 16.4%€0.7mwithin the sector's middle half▼ 15.7%€1.3mwithin the sector's middle half▲ 88.7%€1.4mwithin the sector's middle half▲ 8.2%€1.5mwithin the sector's middle half▲ 7.1%
Total assets€10.0m-€2.8m▼ 72.1%€2.2mwithin the sector's middle half▼ 19.6%€6.5mabove the sector's middle half▲ 189%€7.4mabove the sector's middle half▲ 14.1%€8.0mabove the sector's middle half▲ 8.0%€8.1mabove the sector's middle half▲ 1.6%€8.6mwithin the sector's middle half▲ 6.5%
Debt€0.9m-€0.8m▼ 5.5%€0.8m▼ 4.6%€5.3m▲ 589%€6.6m▲ 24.6%€6.6m▲ 0.1%€6.7m▲ 0.4%€7.1m▲ 6.4%
Working capital-€0.7m--€0.6m▲ 14.2%-€0.7mbelow the sector's middle half▼ 17.7%-€5.1mbelow the sector's middle half▼ 640%-€6.0mbelow the sector's middle half▼ 17.2%-€5.9mbelow the sector's middle half▲ 1.6%-€5.7mbelow the sector's middle half▲ 3.3%-€6.2mbelow the sector's middle half▼ 9.0%
Solvency69.3%-53.7%▼ 15.6pp43.8%within the sector's middle half▼ 9.9pp12.7%within the sector's middle half▼ 31.2pp9.4%within the sector's middle half▼ 3.3pp16.3%within the sector's middle half▲ 7.0pp17.4%within the sector's middle half▲ 1.1pp17.5%within the sector's middle half▲ 0.1pp
Current ratio0.17-0.26▲ 0.100.10below the sector's middle half▼ 0.160.04below the sector's middle half▼ 0.070.10below the sector's middle half▲ 0.060.11below the sector's middle half▲ 0.010.11below the sector's middle half=0.11below the sector's middle half=
Return on assets (ROA)8.3%-0.0%▼ 8.4pp-22.8%below the sector's middle half▼ 22.8pp-2.4%within the sector's middle half▲ 20.4pp-1.7%within the sector's middle half▲ 0.7pp7.6%above the sector's middle half▲ 9.3pp1.4%within the sector's middle half▼ 6.2pp1.2%within the sector's middle half▼ 0.2pp
Staff (FTE)11.4-12.1▲ 6.1%13.1within the sector's middle half▲ 8.3%11.2within the sector's middle half▼ 14.5%11.2within the sector's middle half=10.8within the sector's middle half▼ 3.6%14within the sector's middle half▲ 29.6%12.6within the sector's middle half▼ 10.0%
above
within
below
the middle half of NACE 55, Accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.6m
Fixed assets
€7.9m ▲ 6.6%
Current assets
€741,352 ▲ 5.5%
Equity and liabilities €8.6m
Equity
€1.5m ▲ 7.1%
Provisions
€34,147 ▼ 10.7%
Debt
€7.1m ▲ 6.4%
Debt's share of the balance-sheet total stays at 82.1%.
Key figures and ratios
EBITDA
€310,954▼
2024 · €346,188
Cash flow
€284,069▼
2024 · €322,219
Quick ratio
0.10▼
2024 · 0.11
Debt to equity
4.69▼
2024 · 4.72
ROE
6.9%▼
2024 · 7.9%
Interest coverage
22.58▼
2024 · 45.17
Debt ≤ 1 year
€6.9m▲
2024 · €6.4m
Debt > 1 year
€148,270▼
2024 · €270,185
Income taxes
€58,741▼
2024 · €60,816
Staff costs
€809,846▲
2024 · €701,605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €2.3m | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €0.02m | €0.001m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.7m | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0.6m | - | €0.2m | €0.5m | €0.6m | €0.7m | €0.8m | ▲ 15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.02m | - | - | €0.2m | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €250 | - | - | - | - |
| Other operating charges640/8 | - | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.05m | €0.08m | ▲ 59.2% |
| Non-recurring operating charges66A | - | - | - | €0.09m | €0.1m | €0.007m | €0.003m | €0.003m | ▼ 10.0% |
| Gross operating margin9900 | €1.9m | €0.9m | €0.7m | €0.5m | €0.7m | €0.9m | €1.1m | €1.2m | ▲ 9.4% |
| Operating profit (loss)9901 | €1.0m | -€0.06m | -€0.06m | -€0.1m | -€0.4m | €0.08m | €0.1m | €0.1m | ▼ 2.9% |
| Financial income75/76B | - | €0.06m | - | €0.01m | €0.7m | €0.02m | €0.04m | €0.04m | ▲ 16.3% |
| Recurring financial income75 | €0.08m | €0.06m | €0.007m | €0.01m | €0.01m | €0.02m | €0.04m | €0.04m | ▲ 16.3% |
| Non-recurring financial income76B | - | - | - | - | €0.7m | - | - | - | - |
| Financial charges65/66B | - | €0.006m | - | €0.2m | €0.004m | €0.002m | €0.008m | €0.01m | ▲ 79.7% |
| Recurring financial charges65 | €0.004m | €0.006m | €0.009m | €0.004m | €0.002m | €0.002m | €0.008m | €0.01m | ▲ 79.7% |
| Non-recurring financial charges66B | - | - | - | €0.2m | €0.002m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.1m | -€0.01m | -€0.5m | -€0.3m | €0.3m | €0.1m | €0.2m | €0.2m | ▼ 2.6% |
| Transfer from deferred taxes780 | - | €0.01m | - | €0.2m | €0.3m | €0.01m | €0.009m | €0.004m | ▼ 53.4% |
| Transfer to deferred taxes680 | - | - | - | €0.04m | - | - | - | - | - |
| Income taxes67/77 | €244 | €0.001m | €0.008m | -€0.007m | €0.7m | -€0.5m | €0.06m | €0.06m | ▼ 3.4% |
| Profit (loss) for the period9904 | €0.8m | -€0.001m | -€0.5m | -€0.2m | -€0.1m | €0.6m | €0.1m | €0.1m | ▼ 6.2% |
| Transfer from tax-exempt reserves789 | - | €0.04m | - | €0.5m | €0.8m | €0.04m | €0.03m | €0.01m | ▼ 53.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.1m | €0.02m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.04m | -€0.5m | €0.3m | €0.7m | €0.6m | €0.1m | €0.1m | ▼ 15.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10.0m | €2.8m | €2.2m | €6.5m | €7.4m | €8.0m | €8.1m | €8.6m | ▲ 6.5% |
| Fixed assets21/28 | €9.9m | €2.6m | €2.2m | €6.3m | €6.7m | €7.3m | €7.4m | €7.9m | ▲ 6.6% |
| Intangible fixed assets21 | €0.001m | €0.004m | €0.002m | €0.001m | €0.004m | €0.007m | €0.004m | €0.001m | ▼ 67.1% |
| Tangible fixed assets22/27 | €2.6m | €2.4m | €2.1m | €6.2m | €6.0m | €5.8m | €5.7m | €5.6m | ▼ 2.5% |
| Land and buildings22 | - | €2.2m | - | €1.7m | €1.5m | €1.4m | €1.3m | €1.1m | ▼ 10.7% |
| Plant, machinery and equipment23 | - | €0.03m | - | €0.006m | €0.006m | €0.004m | €0.02m | €0.02m | ▼ 12.7% |
| Furniture and vehicles24 | - | €0.2m | - | €0.08m | €0.05m | €0.02m | €0.01m | €0.009m | ▼ 20.5% |
| Leasing and similar rights25 | - | €0.05m | - | €0.005m | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Financial fixed assets28 | €7.2m | €0.2m | €0.04m | €0.04m | €0.7m | €1.4m | €1.7m | €2.3m | ▲ 37.1% |
| Current assets29/58 | €0.1m | €0.2m | €0.08m | €0.2m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 5.5% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0.007m | €0.007m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 38.7% |
| Stocks30/36 | - | €0.01m | - | €0.007m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 38.7% |
| Amounts receivable within one year40/41 | €0.09m | €0.1m | €0.06m | €0.08m | €0.1m | €0.7m | €0.6m | €0.6m | ▲ 5.8% |
| Trade receivables40 | - | €0.1m | - | €0.04m | €0.08m | €0.09m | €0.04m | €0.07m | ▲ 68.3% |
| Other amounts receivable41 | - | €0.001m | - | €0.04m | €0.06m | €0.6m | €0.6m | €0.6m | ▲ 0.9% |
| Cash at bank and in hand54/58 | €0.03m | €0.04m | €0.005m | €0.1m | €0.5m | €0.05m | €0.08m | €0.08m | ▲ 1.3% |
| Deferred charges and accrued income490/1 | - | €0.007m | - | €0.006m | €0.008m | €0.005m | €0.006m | €0.004m | ▼ 26.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10.0m | €2.8m | €2.2m | €6.5m | €7.4m | €8.0m | €8.1m | €8.6m | ▲ 6.5% |
| Equity10/15 | €6.9m | €1.5m | €1.0m | €0.8m | €0.7m | €1.3m | €1.4m | €1.5m | ▲ 7.1% |
| Contributions10/11 | €0.3m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €6.6m | €1.4m | €1.4m | €0.9m | €0.1m | €0.1m | €0.08m | €0.08m | ▲ 10.1% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | €1.4m | - | €0.9m | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 17.5% |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.02m | - |
| Profit (loss) carried forward14 | €0.02m | -€0.01m | -€0.5m | -€0.2m | €0.5m | €1.1m | €1.2m | €1.3m | ▲ 7.8% |
| Investment grants15 | - | €0.04m | - | €0.04m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 10.3% |
| Provisions and deferred taxes16 | €2.2m | €0.5m | €0.5m | €0.3m | €0.07m | €0.05m | €0.04m | €0.03m | ▼ 10.7% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Taxes161 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other liabilities and charges164/5 | - | - | - | €0.02m | - | - | - | - | - |
| Deferred taxes168 | - | €0.5m | - | €0.3m | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 22.8% |
| Amounts payable17/49 | €0.9m | €0.8m | €0.8m | €5.3m | €6.6m | €6.6m | €6.7m | €7.1m | ▲ 6.4% |
| Amounts payable after more than one year17 | €0.04m | €0.02m | €0.005m | - | - | €0.03m | €0.3m | €0.1m | ▼ 45.1% |
| Financial debts170/4 | - | €0.02m | - | - | - | €0.02m | €0 | - | - |
| Trade debts175 | - | - | - | - | - | - | €0.3m | €0.1m | ▼ 46.6% |
| Other amounts payable178/9 | - | - | - | - | - | €0.009m | €0.009m | €0.009m | = |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €0.8m | €5.3m | €6.6m | €6.6m | €6.4m | €6.9m | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | €0.02m | - | €0.007m | - | €0.03m | €0.04m | €0.04m | ▼ 12.5% |
| Financial debts43 | - | €0.09m | - | €0.08m | €0.06m | €0.01m | €0.02m | €234 | ▼ 98.9% |
| Credit institutions430/8 | - | €0.09m | - | €0.08m | €0.06m | €0.01m | €0.02m | €234 | ▼ 98.9% |
| Trade debts44 | €0.4m | €0.6m | €0.5m | €5.0m | €5.7m | €5.7m | €5.4m | €5.9m | ▲ 9.1% |
| Suppliers440/4 | - | €0.6m | - | €5.0m | €5.7m | €5.7m | €5.4m | €5.9m | ▲ 9.1% |
| Advances received on contracts in progress46 | - | €0.01m | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.05m | ▲ 220% |
| Taxes, remuneration and social security45 | - | €0.07m | - | €0.1m | €0.8m | €0.7m | €0.8m | €0.8m | ▼ 1.2% |
| Taxes450/3 | - | €0.005m | - | €0.006m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 0.1% |
| Remuneration and social security454/9 | - | €0.07m | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 5.3% |
| Other amounts payable47/48 | - | - | - | - | - | €0.2m | €0.1m | €0.2m | ▲ 53.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.004m | €0.002m | €0.004m | €0.005m | ▲ 17.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | -€0.001m | -€0.5m | -€0.2m | -€0.1m | €0.6m | €0.1m | €0.1m | ▼ 6.2% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 14.8% |
| Operating cash flow (approximation) | €1.2m | €0.3m | -€0.2m | €0.1m | €0.1m | €0.8m | €0.3m | €0.3m | ▼ 11.8% |
| Investment in fixed assets (approximation) | - | €7.0m | €0.1m | -€4.4m | -€0.7m | -€0.8m | -€0.4m | -€0.7m | ▼ 84.4% |
| Change in cash | - | €0.01m | -€0.04m | €0.09m | €0.4m | -€0.4m | €0.03m | €0.001m | ▼ 96.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00251389 |
| 31-12-2024 | full format | 30-09-2025 | 2025-00524179 |
| 31-12-2023 | full format | 18-06-2024 | 2024-00139336 |
| 31-12-2022 | full format | 30-07-2023 | 2023-00308339 |
| 31-12-2021 | full format | 20-07-2022 | 2022-20219326 |
| 31-12-2020 | full format | 30-09-2021 | 2021-70300266 |
| 31-12-2019 | full format | 31-08-2020 | 2020-49600139 |
| 31-12-2018 | full format | 30-08-2019 | 2019-60100130 |
| 31-12-2017 | full format | 31-07-2018 | 2018-41000189 |
| 31-12-2016 | full format | 06-06-2017 | 2017-15300493 |
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Subsidies and aid
Flemish government
2025 · 1 entry · €2,310 awarded · €1,973 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.