Lucid Belgium
ActiveSummary
The computed 12-month bankruptcy probability of Lucid Belgium is 3.9% (moderate). The 2024 annual accounts show equity of €19k and a net result of €32. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 10% of 9038 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69=
Solvency26=
Growth78▲+10
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.75 in 2023; short-term debt: 94.5% and cash: 1.7% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9038 sector peers (2024).
NBB · sector comparisonPosition among 9038 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
69 d late
2022
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€19k▲ 0.2%
2023 · €19k
2022: €19k
2023: €19k
2022 → 2024
Total assets
€3.75M▲ 56.8%
2023 · €2.39M
2022: €970k
2023: €2.39M
2022 → 2024
Net result
€32
2023 · €0
2022: €-11k
2023: €0
2022 → 2024
Working capital
€-715k▼ 27.1%
2023 · €-563k
2022: €-296k
2023: €-563k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€19k-€19k=€19k▲ 0.2%
Operating result€-11k-€573€352▼ 38.6%
Net result€-11k-€0€32
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.75M
Fixed assets
€921k ▲ 37.0%
Current assets
€2.83M ▲ 64.5%
Equity and liabilities €3.75M
Equity
€19k ▲ 0.2%
Provisions
€182k ▲ 103%
Debt
€3.55M ▲ 55.5%
Debt's share of the balance-sheet total falls from 95.5% to 94.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€273k▲
2023 · €121k
Cash flow
€272k▲
2023 · €120k
Current ratio
0.80▲
2023 · 0.75
ROE
0.2%▲
2023 · 0.0%
ROA
0.0%▲
2023 · 0.0%
Interest coverage
852.16▲
2023 · 210.38
Debt ≤ 1 year
€3.55M▲
2023 · €2.28M
Staff costs
€423k▲
2023 · €416k
A ratio outside any meaningful range has been withheld (balance sheet total €3.75M, equity €19k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.39M€3.75M▲
Fixed assets21/28€672k€921k▲
Tangible fixed assets22/27€587k€836k▲
Plant, machinery and equipment23€102k€82k▼
Other tangible fixed assets26€486k€755k▲
Financial fixed assets28€85k€85k=
Current assets29/58€1.72M€2.83M▲
Amounts receivable within one year40/41€1.54M€2.74M▲
Trade receivables40€1.52M€2.74M▲
Other amounts receivable41€12k€0▼
Cash at bank and in hand54/58€157k€62k▼
Deferred charges and accrued income490/1€28k€32k▲
Equity and liabilities
Total equity and liabilities10/49€2.39M€3.75M▲
Equity10/15€19k€19k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-11k€-11k▲
Provisions and deferred taxes16€90k€182k▲
Provisions for liabilities and charges160/5€90k€182k▲
Other liabilities and charges164/5€90k€182k▲
Amounts payable17/49€2.28M€3.55M▲
Amounts payable within one year42/48€2.28M€3.55M▲
Trade debts44€2.15M€3.38M▲
Suppliers440/4€2.15M€3.38M▲
Taxes, remuneration and social security45€131k€165k▲
Remuneration and social security454/9€131k€165k▲
Accrued charges and deferred income492/3€951€5k▲
Income statement
Code20232024
Non-recurring operating income76A-€19k
Remuneration, social security and pensions62€416k€423k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€272k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€61k€92k▲
Other operating charges640/8€484€379▼
Gross operating margin9900€598k€789k▲
Operating profit (loss)9901€573€352▼
Financial charges65/66B€573€320▼
Recurring financial charges65€573€320▼
Profit (loss) for the period before taxes9903€0€32▲
Profit (loss) for the period9904€0€32▲
Profit (loss) for the period to be appropriated9905€0€32▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-11k▲
Profit (loss) brought forward from the previous period14P€-11k€-11k=
Social balance
Average headcount (FTE)90871.30.0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-09
State Gazette act
Resignation: Gagan Dhingra (director)Appointment: Michael Molino (director) · Director discharge · Power of attorney7 facts ▸
State Gazette act
Resignation: Gagan Dhingra (director)
Appointment: Michael Molino (director) · Director discharge · Power of attorney7 facts ▸
- Director resignation, Gagan Dhingra (director)
- Director discharge, Gagan Dhingra
- Director appointment, Michael Molino (director)
- Board composition, Lawrence Hamilton (director)
- Board composition, Michael Molino (director)
- Power of attorney, Virginie Frémat
- Power of attorney, Jonathan Sztejter
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 55 days late
2024
31-12
Financial
Back to profitnet €32
Net result €32 after 2 loss-making years.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Michael Molino
CurrentDirector · since 01-09-2026
01-09-2026
Michael Molino: Appointed as Director
14-08-2026
Gagan Dhingra: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marnixlaan 231000 BrusselGround area
4,976 m²
Building footprint
1,431 m²
Volume, LiDAR
23,681 m³
2 parcels, Brussels, Flanders · tallest building 44.0 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Lucid Belgium
since 20212.328.053.943
Leuvensesteenweg 321, 1932 Zaventem
since 20222.391.927.552
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0287/00H000 | Flanders | 3,949 m² | 1 · 631 m² | 9.1 m · 2 fl. |
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Who signs
“Overeenkomstig artikel 16 van de statuten is de Vennootschap als volgt rechtsgeldig vertegenwoordigd: "Elke bestuurder - ook wanneer er meerdere bestuurders zijn, tenzij zij een raad van bestuur vormen dat een beraadslagend orgaan functioneert- vertegenwoordigt de vennootschap ten aanzien van…”
Full text
Overeenkomstig artikel 16 van de statuten is de Vennootschap als volgt rechtsgeldig vertegenwoordigd: "Elke bestuurder - ook wanneer er meerdere bestuurders zijn, tenzij zij een raad van bestuur vormen dat een beraadslagend orgaan functioneert- vertegenwoordigt de vennootschap ten aanzien van derden, alsook in rechte, zowel als eiser als verweerder. (2) Wanneer zij bestuurd wordt door een raad van bestuur dat als een beraadslagend orgaan functioneert, ten overstaan van derden en in rechte, wordt de vennootschap geldig vertegenwoordigd door twee bestuurders die gezamenlijk optreden. De vennootschap is bovendien geldig vertegenwoordigd door een gedelegeerde voor het dagelijks bestuur, die alleen handelt, binnen de grenzen van het dagelijks bestuur. De vennootschap is bovendien, binnen het kader van hun mandaat, geldig verbonden door bijzondere gevolmachtigden." -- 3:4 Toekenning-van-bijzondere velmachten
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Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 1,137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.