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LUNAREST

Active Private limited companyfounded 2020active for 6 yearsRue des Chaufours 75, 7334 Saint-GhislainKBO/BCE: BE 0754.680.586 #3 company by equity in Saint-Ghislain, Accommodation and food service sector

Lifetime

5 annual accounts with figures on one time axis
peak €1.2m (2021)
€1.1m▼ 1.8%
lowest -€60,081 (2022)
-€19,168▼ €110,977
peak €319,501 (2024)
€300,333▼ 6.0%
€1.1m▼ 6.6%
peak 21.4 FTE (2024)
21.2 FTE▼ 0.9%
Board1 name since 2020
1 directorMaes Cédric
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Loss of €19,168Registered office moved from Brugelette to Hautrage 19-11

Key points

from the 2025 annual accounts

Result

-€19,168 -€19,168
€91,8002024-€19,2002025

From profit to loss in 2025, after a profit of €91,809 in 2024.

Turnover

≈ €1.9m estimated

The accounts state no turnover.

Debts

€1.1m 78% of the balance sheet
Financial debts 42%Suppliers 21%Taxes and wages 11%Other 25%

Of this, €517,117 falls due within a year.

Investments

€39,284 0.2 × depreciation
2021202320242025

Green is investment, beige is depreciation. Machinery stands 147.8% higher than in 2024.

Filings

5 annual accounts since 2021
AprilJune31 JulyOctober20222024

The last five annual accounts were filed 4 to 32 days before the end of the period.

Position in the sector

-€19,168

Lower net result than 83% of companies in food and beverage service. Sector median €10,299 · 4,836 companies.

Checked score

55
Fair
Financially stronger than 51% of small companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.4% 01-2025: 1.4%● unchanged vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.5%▲ +0.1 percentage points vs 03-2025 05-2025: 1.6%▲ +0.1 percentage points vs 04-2025 06-2025: 1.7%▲ +0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.8%▼ -1.0 percentage point vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025lowest value 10-2025: 0.8%● unchanged vs 09-2025lowest value 11-2025: 0.8%● unchanged vs 10-2025lowest value 12-2025: 1.4%▲ +0.6 percentage points vs 11-2025 01-2026: 1.3%▼ -0.1 percentage points vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.5%▲ +0.2 percentage points vs 03-2026 05-2026: 1.8%▲ +0.3 percentage points vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.8%● unchanged vs 06-2026 08-2026: 1.8%● unchanged vs 07-2026 09-2026: 1.8%● unchanged vs 08-2026 10-2026: 1.8%● unchanged vs 09-2026 11-2026: 1.8%● unchanged vs 10-2026

Financial strength
Strong

47+1equity 21.6% of total assets
77-9short-term debt 37.2% · cash 34.9%
67-9return on assets -1.4%

Score breakdown

raises risk
Founded in 2020
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 1.39, cash €485,941
Figures for financial year 2025 (filed on 29-06-2026)
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 56, small). It does better than 41% of them on solvency, 88% on liquidity, 41% on profitability and 32% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 748 companies had the same profile as LUNAREST has now. Each dot stands for 2 companies, two years later.

96.7%
were still trading
1.9%
stopped another way
1.3%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of LUNAREST itself is higher: 1.8% within 12 months. It rests on far more data about LUNAREST than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 748 companies, not a prediction for LUNAREST. 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.

Credit verdict

Credit of up to €16,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.39 (1.41 in 2024), below the usual 1.5. Short-term debt is 37.2% and cash 34.9% of total assets. 78.4% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 1.39, cash €485,941
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Figures for financial year 2025 (filed on 29-06-2026)
NBB · annual accounts
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 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
32 days early
2024
29 days early
2023
6 days early
2022
4 days early
2021
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 19 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MC
Director, since 21-06-2020
  • MAES Cedric founderdeed of 23-09-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0754680586
Registered office moved from Brugelette to Hautrage New registered office: Rue des Chaufours, 75 à 7334 Hautrage · Previous registered office: Avenue de l'Eglise 19, 7940 Brugelette · Gazette deed
Incorporation Founding capital of €102,500, 200 shares · Founder: MAES Cedric · Appointment: MAES Cedric (managing director) · published on 23-09-2020 · Gazette deed
First establishment Route de Mons 204, Quaregnon
All 11 events

Comparable companies

same main activity, similar in size and age
Company
LUNAREST Saint-Ghislain €1.4m €1.1m 21.6% 21.2
T&AROOM Blankenberge €1.4m €1.0m 75.1% 21.1
Sint Jan Oostkamp €1.4m €0.9m 23.1% 20.8
Restaurant dans les Vignes Quévy €1.2m €0.9m 12.0% 21.9
BROOX Puurs-Sint-Amands €1.2m €1.4m 83.1% 19.5
ELCKERLIJC Maldegem €1.9m €1.2m 40.5% 21.8
QS EXPLOITATION La Roche-en-Ardenne €1.0m €1.1m 5.1% 24.5

These companies have the same main activity as LUNAREST: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1m and €1.9m, founded between 2020 and 2022.

Official details

Source: KBO
Status
Active since 21-09-2020Normal situation
Activity
Full-service restaurantsNACE 56111and 1 other
Joint committee
302Hotels and catering · annual accounts 2025
Establishment unit
2.308.058.3827390 Quaregnon, since 21-09-2020
Financial year end
31 December
Peppol
Reachable since 01-12-2025
Company details

Annual accounts 2025

€1.4m▼ 6.4%
Filing
Filed on 29-06-2026, 32 days before the end of the filing period
Financials

Insights on LUNAREST

LUNAREST files the abbreviated format. That format states no turnover. The gross margin fell from €1.2m in 2021 to €1.1m in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about LUNAREST

What is the company number of LUNAREST?
The company number of LUNAREST is 0754.680.586. The VAT number is the same number with BE in front: BE 0754.680.586.
Where is LUNAREST based?
The registered office is at Rue des Chaufours 75, 7334 Saint-Ghislain.Company details
What does LUNAREST do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of LUNAREST?
LUNAREST is a private limited company (BV).
When was LUNAREST founded?
LUNAREST was founded on 21-09-2020.
Is LUNAREST still active?
Yes, LUNAREST is an active enterprise in the KBO register.
How many employees does LUNAREST have?
LUNAREST had an average of 21.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does LUNAREST fall under?
In its 2025 annual accounts, LUNAREST states joint committee 302 (Hotels and catering).
What is the turnover of LUNAREST?
The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.
Is LUNAREST profitable?
In financial year 2025, LUNAREST made a loss of €19,168.
Where can I find the annual accounts of LUNAREST?
LUNAREST filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LUNAREST due?
LUNAREST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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