LUNG
ActiveSummary
LUNG has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182,377 and a net result of -€14,596. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-61
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 9.31 against 9.15 in 2024; short-term debt: 8.8% and cash: 61.2% of total assets), and 11.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
12 d early
2022
27 d early
2021
51 d early
2020
22 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Edegem, Accommodation and food service sector#10 company by equity in Edegem, Accommodation and food service sector
Equity
€182,377▼ 7.4%
2024 · €196,973
Total assets
€206,708▼ 11.2%
2024 · €232,743
Net result
-€14,596
2024 · €4,557
Working capital
€150,349▼ 10.0%
2024 · €167,009
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,712▲ 87.9%€11,612▼ 58.1%€9,493▼ 18.2%€5,966▼ 37.2%-€12,947
Net result€24,140▲ 81.0%€8,063▼ 66.6%€6,726▼ 16.6%€4,557▼ 32.2%-€14,596
Equity€177,626▲ 15.7%€185,690▲ 4.5%€192,416▲ 3.6%€196,973▲ 2.4%€182,377▼ 7.4%
Total assets€198,210▲ 19.1%€198,513▲ 0.2%€238,988▲ 20.4%€232,743▼ 2.6%€206,708▼ 11.2%
Debt€20,584▲ 59.0%€12,823▼ 37.7%€46,572▲ 263%€35,769▼ 23.2%€24,331▼ 32.0%
Working capital€161,527▲ 19.0%€170,505▲ 5.6%€159,034▼ 6.7%€167,009▲ 5.0%€150,349▼ 10.0%
Staff (FTE)1.9▲ 90.0%2.8▲ 47.4%2.9▲ 3.6%2.3▼ 20.7%2.1▼ 8.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,947 after €5,966 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,708
Fixed assets
€38,266 ▼ 15.4%
Current assets
€168,442 ▼ 10.2%
Equity and liabilities €206,708
Equity
€182,377 ▼ 7.4%
Debt
€24,331 ▼ 32.0%
Debt's share of the balance-sheet total falls from 15.4% to 11.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€393▼
2024 · €18,820
Cash flow
-€2,042▼
2024 · €17,411
Current ratio
9.31▲
2024 · 9.15
Quick ratio
9.23▲
2024 · 8.73
Debt to equity
0.13▼
2024 · 0.18
ROE
-8.0%▼
2024 · 2.3%
ROA
-7.1%▼
2024 · 2.0%
Interest coverage
-0.25▼
2024 · 11.00
Debt ≤ 1 year
€18,093▼
2024 · €20,487
Debt > 1 year
€6,238▼
2024 · €15,282
Income taxes
€140▼
2024 · €2,297
Staff costs
€13,813▼
2024 · €17,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 12,304 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,405 | €21,438 | €20,831 | €17,170 | €13,813 | ▼ 19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,695 | €3,853 | €7,543 | €12,854 | €12,554 | ▼ 2.3% |
| Other operating charges640/8 | €958 | €1,331 | €1,426 | €1,635 | €1,528 | ▼ 6.5% |
| Non-recurring operating charges66A | - | - | - | - | €2,061 | - |
| Gross operating margin9900 | €45,771 | €38,235 | €39,293 | €37,624 | €17,009 | ▼ 54.8% |
| Operating profit (loss)9901 | €27,712 | €11,612 | €9,493 | €5,966 | -€12,947 | ▼ 317% |
| Financial income75/76B | €0 | €30 | €341 | €2,600 | €345 | ▼ 86.7% |
| Recurring financial income75 | €0 | €30 | €341 | €2,600 | €345 | ▼ 86.7% |
| Financial charges65/66B | €652 | €610 | €1,129 | €1,712 | €1,854 | ▲ 8.3% |
| Recurring financial charges65 | €652 | €610 | €1,129 | €1,712 | €1,554 | ▼ 9.2% |
| Non-recurring financial charges66B | - | - | - | - | €300 | - |
| Profit (loss) for the period before taxes9903 | €27,061 | €11,033 | €8,705 | €6,854 | -€14,456 | ▼ 311% |
| Income taxes67/77 | €2,921 | €2,969 | €1,979 | €2,297 | €140 | ▼ 93.9% |
| Profit (loss) for the period9904 | €24,140 | €8,063 | €6,726 | €4,557 | -€14,596 | ▼ 420% |
| Profit (loss) for the period to be appropriated9905 | €24,140 | €8,063 | €6,726 | €4,557 | -€14,596 | ▼ 420% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,210 | €198,513 | €238,988 | €232,743 | €206,708 | ▼ 11.2% |
| Fixed assets21/28 | €16,099 | €15,822 | €57,345 | €45,247 | €38,266 | ▼ 15.4% |
| Tangible fixed assets22/27 | €15,799 | €15,522 | €57,045 | €44,947 | €38,266 | ▼ 14.9% |
| Land and buildings22 | €2,750 | €2,500 | €2,250 | €2,000 | €1,750 | ▼ 12.5% |
| Plant, machinery and equipment23 | €6,343 | €5,908 | €4,948 | €3,305 | €1,566 | ▼ 52.6% |
| Furniture and vehicles24 | €1,342 | €2,558 | €45,908 | €36,017 | €26,057 | ▼ 27.7% |
| Other tangible fixed assets26 | €5,364 | €4,557 | €3,939 | €3,625 | €8,893 | ▲ 145% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | - | - |
| Current assets29/58 | €182,111 | €182,691 | €181,643 | €187,496 | €168,442 | ▼ 10.2% |
| Stocks and contracts in progress3 | €4,010 | €9,238 | €8,758 | €8,700 | €1,500 | ▼ 82.8% |
| Stocks30/36 | €4,010 | €9,238 | €8,758 | €8,700 | €1,500 | ▼ 82.8% |
| Amounts receivable within one year40/41 | €5,846 | €20,343 | €35,693 | €32,284 | €37,711 | ▲ 16.8% |
| Trade receivables40 | €3,934 | €3,206 | €5,262 | €2,451 | €1,595 | ▼ 34.9% |
| Other amounts receivable41 | €1,912 | €17,138 | €30,431 | €29,833 | €36,116 | ▲ 21.1% |
| Current investments50/53 | - | - | €100,000 | - | - | - |
| Cash at bank and in hand54/58 | €171,092 | €148,172 | €33,408 | €142,858 | €126,421 | ▼ 11.5% |
| Deferred charges and accrued income490/1 | €1,163 | €4,938 | €3,783 | €3,654 | €2,810 | ▼ 23.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,210 | €198,513 | €238,988 | €232,743 | €206,708 | ▼ 11.2% |
| Equity10/15 | €177,626 | €185,690 | €192,416 | €196,973 | €182,377 | ▼ 7.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €157,626 | €165,690 | €172,416 | €176,973 | €162,377 | ▼ 8.2% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €155,626 | €163,690 | €172,416 | €176,973 | €162,377 | ▼ 8.2% |
| Amounts payable17/49 | €20,584 | €12,823 | €46,572 | €35,769 | €24,331 | ▼ 32.0% |
| Amounts payable after more than one year17 | - | - | €23,963 | €15,282 | €6,238 | ▼ 59.2% |
| Financial debts170/4 | - | - | €23,963 | €15,282 | €6,238 | ▼ 59.2% |
| Amounts payable within one year42/48 | €20,584 | €12,186 | €22,608 | €20,487 | €18,093 | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | - | - | €8,334 | €8,681 | €9,044 | ▲ 4.2% |
| Trade debts44 | €5,693 | €8,287 | €6,118 | €4,930 | €6,820 | ▲ 38.3% |
| Suppliers440/4 | €5,693 | €8,287 | €6,118 | €4,930 | €6,820 | ▲ 38.3% |
| Taxes, remuneration and social security45 | €14,891 | €3,899 | €8,157 | €6,875 | €2,228 | ▼ 67.6% |
| Taxes450/3 | €3,901 | €1,811 | €2,498 | €2,406 | €920 | ▼ 61.8% |
| Remuneration and social security454/9 | €10,990 | €2,088 | €5,658 | €4,470 | €1,308 | ▼ 70.7% |
| Accrued charges and deferred income492/3 | - | €637 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,140 | €8,063 | €6,726 | €4,557 | -€14,596 | ▼ 420% |
| + Depreciation and write-downs630 | €3,695 | €3,853 | €7,543 | €12,854 | €12,554 | ▼ 2.3% |
| Operating cash flow (approximation) | €27,835 | €11,917 | €14,269 | €17,411 | -€2,042 | ▼ 112% |
| Investment in fixed assets (approximation) | - | -€3,576 | -€49,066 | -€756 | -€5,573 | ▼ 637% |
| Change in cash | - | -€22,920 | -€114,764 | €109,449 | -€16,437 | ▼ 115% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€14,596
Net result drops to -€14,596, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €24,140 ▲81%
Net result €24,140, the highest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €153,487 ▲9.5%
3 profitable years in a row build equity to €153,487.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 6.96
Current ratio from 3.45 to 6.96; short-term debt falls from €44,224 to €20,236.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Edegem
Ground area
434 m²
Building footprint
273 m²
Volume, LiDAR
1,193 m³
Parcel 11472B0151/00X006, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0151/00X006 | Flanders | 434 m² | 1 · 273 m² | 9.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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GOEDETEN
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MACPASE SRL
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 8,745 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471458701
Also
9925:BE0471458701
Registered
06-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.