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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

Overview

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.

Credit check for an amount and term of your choice

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.

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

€1.1m▼ 1.8%
€19,168
€300,333▼ 6.0%
€1.4m▼ 6.4%
21.2 FTE▼ 0.9%
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.

Financials

Annual accounts 2025

abbreviated format, filed on 29-06-2026, 32 days before the deadline
€1.1m
▼ 1.8%
-€8,781
▼ €113,687
-€19,168
▼ €110,977
€203,012
▲ 2.6%
21.6%
▲ 0.1 percentage points
1.39
▼ 0.02

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.9m. Estimated: probably between €1.3m and €3.2m.

Balance sheet

balance sheet total €1.4m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

21.6%

Higher than 41% of 4,843 companies in 2025.

1.39

Higher than 61% of 4,741 companies in 2025.

-1.4%

Higher than 28% of 4,765 companies in 2025.

LUNAREST Middle half of the sector 80% of the sector Abbreviated accounts in food and beverage service (NACE 56)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€43,827

Staff costs divided by the average number of full-time equivalents.

contracts started contracts ended

In 2025, 511 short contracts started and 515 ended. Staff averaged 21 full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 1.4m1.5m1.4m1.6m1.7m
20 23,39429,40535,41545,14554,946
21/28 647,824782,472847,224956,6271.1m
22/27 647,824782,472847,224956,6271.1m
22 521,164656,146791,115926,0851.1m
23 49,72920,06735,7917,89910,478
24 76,932106,25820,31822,64329,057
29/58 720,129675,267540,196577,831526,094
3 31,34545,76335,04348,46936,708
30/36 31,34545,76335,04348,46936,708
40/41 39,92411,83612,25511,95535,582
40 13,8821,473299-1,310
41 26,04310,36411,95511,95534,272
50/53 150,000----
54/58 485,941596,310475,061497,036436,742
490/1 12,91921,35817,83720,37117,062
Balance sheet: equity and liabilities
10/49 1.4m1.5m1.4m1.6m1.7m
10/15 300,333319,501227,692245,754305,834
10/11 102,500102,500102,500102,500102,500
13 197,833217,001125,192143,254203,334
133 197,833217,001125,192143,254203,334
17/49 1.1m1.2m1.2m1.3m1.4m
17 459,765614,999693,394832,331977,064
170/4 459,765614,999693,394832,331977,064
42/48 517,117477,364444,750460,739377,731
42 155,233175,106158,717160,544156,279
44 234,429192,462182,581209,772145,462
440/4 234,429192,462182,581209,772145,462
45 121,217106,155100,57087,54074,721
450/3 7,7835,8554,9303,742376
454/9 113,434100,30095,64083,79874,345
47/48 6,2383,6412,8822,8821,268
492/3 114,13275,28057,00040,78021,000
Income statement
9900 1.1m1.2m1.0m859,5351.2m
62 929,127842,454833,427741,978793,329
630 179,942174,493154,920153,762163,142
640/8 28,86428,21326,37621,83229,589
9901 -8,781104,9052,392-58,036211,803
75/76B 7,6156,4252,52213,3789,738
75 7,6156,4252,52213,3789,738
65/66B 17,19618,97122,44914,90417,831
65 17,19618,97122,44914,90417,831
9903 -18,36392,359-17,535-59,563203,711
67/77 805550527518376
9904 -19,16891,809-18,062-60,081203,334
9905 -19,16891,809-18,062-60,081203,334
Appropriation of the result
9906 -19,16891,809-18,062-60,081203,334
791/2 19,168-18,06260,081-
691/2 -91,809--203,334
6921 -91,809--203,334
Social balance sheet
9087 21.221.420.52119.4
Hours worked1013 -37,95637,39537,43035,319
Document PDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 29-06-2026 2026-00232020 PDF
31-12-2024 full format 02-07-2025 2025-00225379 PDF
31-12-2023 full format 25-07-2024 2024-00280666 PDF
31-12-2022 full format 27-07-2023 2023-00278233 PDF
31-12-2021 full format 08-07-2022 2022-20162188 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
171,161279,398157,31295,725374,945
160,775266,302136,85893,681366,477
39,284103,73135,7879,8011.3m
-110,369121,250-21,97660,294-
203,012197,90395,446117,092148,364
21.6%21.5%16.0%15.6%18.2%
1.391.411.211.251.39
1.331.321.141.151.30
3.633.655.255.434.50
-6.4%28.7%-7.9%-24.4%66.5%
-1.4%6.2%-1.3%-3.8%12.1%
9.9514.737.016.4221.03

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date-56505949
full-time-4455
part-time-52465444
in full-time equivalents19.721.218.822.619.3
21.221.420.52119.4
On a permanent contract1819172321
Joined511490468433321
Left515484477423325

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets-€644,271€678,499€791,486-
Debts guaranteed by Belgian public bodies-€145,833€173,611€201,389€229,167

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€39,284€103,731€35,787-€1.3m
€179,942€174,493€154,920€153,762€163,142

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on LUNAREST

The operating result for 2025 is a loss of €8,781, after a profit of €104,905 in 2024. It is the lowest result since 2022.

Debt's share of the balance-sheet total falls from 78.5% to 78.4%. Equity and debt are lower.

Board & ownership

Board

1 director, since incorporation
Managing director
since 21-06-2020 term without a fixed end
listed in the 2024 annual accounts, filed on 02-07-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Maes Cédric
Managing director
BoardEarlierend not dated
Mandates as a list
  • Maes Cédric
    • Managing director, from 21-06-2020 to date
    • Managing director, appointed by deed of 23-09-2020, last mentioned in 2020

See the board, name and registered office on a given date →

Control

Founder
This company
LUNAREST
Equity €300,333
Loss €19,168 in 2025

Capital

Contribution
€102,500
Shares
200
Contribution per share
€513
Equity per share
€1,502 in 2025
Source
deed of 23-09-2020

Articles of association

deed of 23-09-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director
“3. Désignation de l'administrateur”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00

Founder

At incorporation deed of 23-09-2020 ↗

Network & group

No group

LUNAREST has no parent and no holdings in its annual accounts. Maes Cédric is the only director.

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DAMAREST
via Maes Cédric · Director · deed of 19-05-2020
Founded in 1991 · 24 FTE (2025)
→

Timeline

Timeline

11 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 32 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0754680586
Registered office moved from Brugelette to HautrageNew registered office: Rue des Chaufours, 75 à 7334 Hautrage · Previous registered office: Avenue de l'Eglise 19, 7940 Brugelette1 point ▸
  • Registered-office move, Rue des Chaufours, 75 à 7334 Hautrage

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 29 days before the deadline
2024
Back to profit net €91,809 The net result is €91,809, after 2 loss-making years.
Annual accounts 2023 filed PDFfull format · 6 days before the deadline
2023
Annual accounts 2022 filed PDFfull format · 4 days before the deadline
2022
Weakest financial year net -€60,081 The net result drops to -€60,081, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFfull format · 23 days before the deadline
2020
IncorporationFounding capital of €102,500, 200 shares · Founder: MAES Cedric · Appointment: MAES Cedric (managing director) · published on 23-09-20205 points ▸
  • Registered office clause, Avenue de l'Eglise 19, 7940 Brugelette
  • Director appointment, MAES Cedric (managing director)
  • Permanent representative, MAES Cedric
  • Founder, MAES Cedric
  • Founding capital, €102,500, 200 shares
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Route de Mons 204, Quaregnon

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

LUNAREST was incorporated on 21 September 2020 as a private limited company by one natural person, with a starting capital of €102,500.12 The registered office was moved to Hautrage in 2025.3 Since 2020, Maes Cédric has served as managing director.4 Total assets fell from €1.7m in 2021 to €1.4m in 2025 and headcount from 19.4 to 21.2 full-time equivalents.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-09-2020
  3. 3Belgian Official Gazette, 19-11-2025
  4. 4National Bank, annual accounts 2024
  5. 5National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0754.680.586
VAT number
BE 0754.680.586
Peppol ID
0208:0754680586
Legal form
Private limited company
Status
Active, normal situation
Founded
21-09-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 23-09-2020 (in French)
Peppol
Reachable since 01-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
LUNAREST in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-09-2020 (in French)

Activities

NACEBEL 2025
VAT activities
56111 Full-service restaurants main activity
Social security (RSZ) activities
Joint committees annual accounts 2025
JC 302 Hotels and catering
Codes under NACEBEL 2008
VAT activities
56101 Full-service restaurants main activity
Social security (RSZ) activities
56102 Limited-service restaurants main activity

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Rue des Chaufours 75 registered office 7334 Saint-Ghislain
Route de Mons 204 7390 Quaregnon 21-09-2020 2.308.058.382 Restaurant
1 former office
  • Avenue de l'Eglise 19, 7940 Brugelette until 01-09-2025 · deed of 19-11-2025

Buildings and parcels at the address

Ground area
1,766 m²
Buildings
155 m²
Volume, LiDAR
803 m³
Tallest building
6.4 m
Buildings to scale, each on its own parcel
155 m², 6.4 m 155 m², 6.4 m

Location

registered office establishment approximate The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
53036A0023/00F0001,766 m² 1 · 155 m² 6.4 m · 2

Recognitions

Food safety, FASFC

1 site
Quaregnonunit number 2.308.058.382
1 permission
Authorisation · Restaurant · since 23-11-2020

Source: FAVV-AFSCA, open data, updated on 02-11-2026