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LUCSO

Active
Private limited companyfounded 20241 yr activeBonenstraat 9, 8400 Oostende, BelgiumKBO/BCE: BE 1015.231.692
Summary

The computed 12-month bankruptcy probability of LUCSO is 4.2% (elevated). The 2025 annual accounts show negative equity (-€484) and a net result of -€2,984. Its solvency ranks better than 24% of 13604 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency20
Growth-
Track record67
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.65; short-term debt: 104.7% and cash: 42% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-4.7%
Return on assets
-29.1%
Age of the figures
9 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
4 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 October 2024, LUCSO was incorporated as a Private limited company.1 Liam Cousaert has served as non-statutory director of the company since 2026.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 04-09-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€484
Total assets
€10,254
Net result
-€2,984
Working capital
-€3,796

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €10,254
Fixed assets €3,312
Current assets €6,942
Key figures and ratios
2025 value
EBITDA
-€1,604
Cash flow
-€2,655
Solvency
-4.7%
Current ratio
0.65
Quick ratio
0.53
ROA
-29.1%
Interest coverage
-1.44
Debt
€10,738
Debt ≤ 1 year
€10,738
Equity ratios withheld: equity of -€484 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.5% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€10,254
Fixed assets21/28€3,312
Tangible fixed assets22/27€3,312
Land and buildings22€1,477
Plant, machinery and equipment23€1,834
Current assets29/58€6,942
Stocks and contracts in progress3€1,275
Stocks30/36€1,275
Amounts receivable within one year40/41€1,357
Other amounts receivable41€1,357
Cash at bank and in hand54/58€4,310
Equity and liabilities
Total equity and liabilities10/49€10,254
Equity10/15-€484
Contributions10/11€2,500
Profit (loss) carried forward14-€2,984
Amounts payable17/49€10,738
Amounts payable within one year42/48€10,738
Trade debts44€3,403
Suppliers440/4€3,403
Taxes, remuneration and social security45€2,439
Taxes450/3€2,439
Other amounts payable47/48€4,896
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€329
Other operating charges640/8€559
Gross operating margin9900-€1,044
Operating profit (loss)9901-€1,933
Financial income75/76B€63
Recurring financial income75€63
Financial charges65/66B€1,113
Recurring financial charges65€1,113
Profit (loss) for the period before taxes9903-€2,984
Profit (loss) for the period9904-€2,984
Profit (loss) for the period to be appropriated9905-€2,984
Appropriation of the result
Profit (loss) to be appropriated9906-€2,984

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€329
Other operating charges640/8€559
Gross operating margin9900-€1,044
Operating profit (loss)9901-€1,933
Financial income75/76B€63
Recurring financial income75€63
Financial charges65/66B€1,113
Recurring financial charges65€1,113
Profit (loss) for the period before taxes9903-€2,984
Profit (loss) for the period9904-€2,984
Profit (loss) for the period to be appropriated9905-€2,984
Line2025
Assets
Total assets20/58€10,254
Fixed assets21/28€3,312
Tangible fixed assets22/27€3,312
Land and buildings22€1,477
Plant, machinery and equipment23€1,834
Current assets29/58€6,942
Stocks and contracts in progress3€1,275
Stocks30/36€1,275
Amounts receivable within one year40/41€1,357
Other amounts receivable41€1,357
Cash at bank and in hand54/58€4,310
Equity and liabilities
Total equity and liabilities10/49€10,254
Equity10/15-€484
Contributions10/11€2,500
Profit (loss) carried forward14-€2,984
Amounts payable17/49€10,738
Amounts payable within one year42/48€10,738
Trade debts44€3,403
Suppliers440/4€3,403
Taxes, remuneration and social security45€2,439
Taxes450/3€2,439
Other amounts payable47/48€4,896
Line2025
Profit (loss) for the period9904-€2,984
+ Depreciation and write-downs630€329
Operating cash flow (approximation)-€2,655

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
04-09
State Gazette act Resignation: Luc Pierre (non-statutory director)
Appointment: Liam Cousaert (non-statutory director) · Permanent representative: Steven Dewulf · Power of attorney5 facts ▸
  • General meeting, 01-04-2026
  • Director resignation, Luc Pierre (non-statutory director)
  • Director appointment, Liam Cousaert (non-statutory director)
  • Power of attorney, BV icount
  • Permanent representative, Steven Dewulf (vaste vertegenwoordiger dewulf consult commv)
27-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Liam Cousaert
Non-statutory director · since 01-04-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
76 m²
Building footprint
76 m²
Volume, LiDAR
861 m³
Parcel 35013A0443/00B000, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Het Mosselhuis - Adelientje
Bonenstraat 9, 8400 OostendeFull-service restaurants
since 20242.365.419.234
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35013A0443/00B000 Flanders 76 m² 1 · 76 m² 14.7 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Liam Cousaert
  • Non-statutory director, from 01-04-2026 to date
Luc Pierre
  • Non-statutory director, until 01-04-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Oostende2.365.419.234
1 permission
Toelating · Eetgelegenheid · since 29-10-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56220Contract catering and other food service activities
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015231692
Also 9925:BE1015231692
Registered 11-12-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.