Lusmar

Active

Private limited companyfounded 20179 yrs activeGebroeders Van Raemdonckstraat 15, 2170 Antwerpen, BelgiumKBO/BCE: BE 0669.526.167

The computed 12-month bankruptcy probability of Lusmar is 2.9% (moderate). The 2024 annual accounts show equity of €11k and a net result of €173. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 18938 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

66 / 100

Healthy▲ +50 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▲+8

Solvency50▲+17

Growth52▼-6

Stability100

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.05 against 0.36 in 2023), and 69.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

30.8%

Return on assets

0.5%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

11 d late

2023

22 d late

2022

13 d early

2021

17 d late

2020

41 d late

2019

20 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€75k

EBIT margin

7.2%

Net result

€173▼ 97.6%

2023 · €7k

2018: €2k 2019: €2k 2020: €-20k 2021: €-14k 2022: €2k 2023: €7k

2018 → 2024

Working capital

€1k

2023 · €-26k

2018: €-2k 2019: €-3k 2020: €-33k 2021: €-45k 2022: €-40k 2023: €-26k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-9k-€-23k▼ 156%€-21k▲ 9.5%€-14k▲ 34.9%€11k

Operating result€-17k-€-12k▲ 28.8%€7k€9k▲ 33.1%€1k▼ 87.7%

Net result€-20k-€-14k▲ 29.2%€2k€7k▲ 232%€173▼ 97.6%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 88% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €35k

27.1%

72.9%

Fixed assets €10k▼ 23.6%

Current assets €26k▲ 73.0%

Equity and liabilities €35k

30.8%

69.2%

Equity €11k

Debt €25k

Debt finances 69.2% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€4k▼

2023 · €12k

Cash flow

€3k▼

2023 · €10k

Solvency

30.8%▲

2023 · -49.1%

Current ratio

1.05▲

2023 · 0.36

Quick ratio

0.67▲

2023 · 0.36

Debt / equity

2.24▲

2023 · -3.04

ROE

1.6%▲

2023 · -53.6%

ROA

0.5%▼

2023 · 26.3%

Interest coverage

7.05▼

2023 · 8.44

Debt

€25k▼

2023 · €41k

Debt ≤ 1 year

€25k▼

2023 · €41k

Income taxes

€374▲

2023 · €132

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€28k€35k▲

Fixed assets21/28€13k€10k▼

Intangible fixed assets21€460€307▼

Tangible fixed assets22/27€7k€4k▼

Plant, machinery and equipment23€6k€4k▼

Furniture and vehicles24€507€338▼

Financial fixed assets28€5k€5k=

Current assets29/58€15k€26k▲

Stocks and contracts in progress3-€10k

Stocks30/36-€10k

Amounts receivable within one year40/41€9k€8k▼

Trade receivables40€9k€5k▼

Other amounts receivable41-€3k

Cash at bank and in hand54/58€6k€8k▲

Equity and liabilities

Total equity and liabilities10/49€28k€35k▲

Equity10/15€-14k€11k▲

Contributions10/11€9k€9k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-24k€173▲

Amounts payable17/49€41k€25k▼

Amounts payable within one year42/48€41k€25k▼

Financial debts43€126-

Credit institutions430/8€126-

Taxes, remuneration and social security45€2k€5k▲

Taxes450/3€2k€5k▲

Other amounts payable47/48€39k€19k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=

Other operating charges640/8€1k€3k▲

Gross operating margin9900€13k€7k▼

Operating profit (loss)9901€9k€1k▼

Financial income75/76B€15€45▲

Recurring financial income75€15€45▲

Financial charges65/66B€1k€574▼

Recurring financial charges65€1k€574▼

Profit (loss) for the period before taxes9903€7k€547▼

Income taxes67/77€132€374▲

Profit (loss) for the period9904€7k€173▼

Profit (loss) for the period to be appropriated9905€7k€173▼

Appropriation of the result

Profit (loss) to be appropriated9906€-24k€-24k▲

Profit (loss) brought forward from the previous period14P€-32k€-24k▲

Shareholders' contribution to the loss794-€24k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 4Filings 8

2025

11-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 11 days late

2024

31-12

Financial Liquidity triplescurrent ratio 1.05

Current ratio from 0.36 to 1.05; short-term debt falls from €41k to €25k.

22-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 22 days late

2023

31-12

Financial Highest result since 2018net €7k ▲232%

Operating result €9k, net result €7k, both a record.

18-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

17-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 17 days late

2021

10-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 41 days late

2020

31-12

Financial Weakest financial yearnet €-20k ▼1236%

Net result drops to €-20k, the lowest in the series; recovery starts the following year.

20-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 20 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

14-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 14 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are 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, Antwerpen · 2 establishment units since 2017

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gebroeders Van Raemdonckstraat 152170 Antwerpen

Ground area

450 m²

Building footprint

161 m²

Volume, LiDAR

1,050 m³

3 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Marolus

Hendrik Conscienceplein 14, 2000 AntwerpenFood and beverage service activities

since 20172.260.442.864

Lusmar

Bredabaan 338, 2930 BrasschaatFood and beverage service activities

since 20212.316.357.624

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11324D0774/00A003	Flanders	246 m²	1 · 107 m²	10.4 m · 1 fl.
11422C0026/00H002	Flanders	184 m²	1 · 54 m²	9.3 m · 3 fl.
11002A1074/00B000	Flanders	20 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels 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

2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2023	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Antwerpen2.260.442.864

1 permission

Toelating · Eetgelegenheid · since 31-01-2017

Similar companies · same sector, comparable size

AL VEL

BE 0463.896.461

La Louvière · Eq €11k

Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 7,234 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-01-2017

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.