Result
From profit to loss in 2025, after a profit of €91,809 in 2024.
From profit to loss in 2025, after a profit of €91,809 in 2024.
The accounts state no turnover.
Of this, €517,117 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 147.8% higher than in 2024.
The last five annual accounts were filed 4 to 32 days before the end of the period.
Lower net result than 83% of companies in food and beverage service. Sector median €10,299 · 4,836 companies.
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).
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).
In July 2024, 748 companies had the same profile as LUNAREST has now. Each dot stands for 2 companies, two years later.
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.
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.
| 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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
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