LUSTEEN
ActiveSummary
LUSTEEN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143,044 and a net result of €6,731. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-5
Solvency71▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.45 in 2023; short-term debt: 54.4% of total assets), but 54.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
1 d early
2022
30 d late
2021
12 d early
2020
61 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,731▼ 36.0%
2023 · €10,510
Working capital
€143,092▲ 4.1%
2023 · €137,412
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
Line20202021202220232024
Operating result€9,941▲ 20.6%€5,280▼ 46.9%€5,187▼ 1.8%€21,224▲ 309%€14,930▼ 29.7%
Net result€4,199▲ 77.3%-€1€1,590€10,510▲ 561%€6,731▼ 36.0%
Equity€124,213▲ 3.5%€124,213=€125,802▲ 1.3%€136,312▲ 8.4%€143,044▲ 4.9%
Total assets€263,318▲ 2.5%€288,253▲ 9.5%€281,880▼ 2.2%€441,607▲ 56.7%€314,172▼ 28.9%
Debt€139,105▲ 1.6%€164,040▲ 17.9%€156,078▼ 4.9%€305,295▲ 95.6%€171,128▼ 43.9%
Working capital€129,848▲ 8.2%€122,905▼ 5.3%€125,245▲ 1.9%€137,412▲ 9.7%€143,092▲ 4.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €314,172
Fixed assets
€155 ▼ 46.7%
Current assets
€314,017 ▼ 28.8%
Equity and liabilities €314,172
Equity
€143,044 ▲ 4.9%
Debt
€171,128 ▼ 43.9%
Debt's share of the balance-sheet total falls from 69.1% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,066▼
2023 · €21,899
Cash flow
€6,867▼
2023 · €11,185
Current ratio
1.84▲
2023 · 1.45
Quick ratio
0.04▼
2023 · 0.48
Debt to equity
1.20▼
2023 · 2.24
ROE
4.7%▼
2023 · 7.7%
ROA
2.1%▼
2023 · 2.4%
Interest coverage
2.62▼
2023 · 3.21
Debt ≤ 1 year
€170,925▼
2023 · €303,904
Income taxes
€2,450▼
2023 · €3,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
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 16,986 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €217 | €750 | €750 | €675 | €136 | ▼ 79.8% |
| Other operating charges640/8 | - | €456 | €483 | €575 | €451 | ▼ 21.6% |
| Gross operating margin9900 | €11,119 | €6,486 | €6,420 | €22,473 | €15,516 | ▼ 31.0% |
| Operating profit (loss)9901 | €9,941 | €5,280 | €5,187 | €21,224 | €14,930 | ▼ 29.7% |
| Financial income75/76B | - | €56 | €1 | €1 | €0 | ▼ 73.1% |
| Recurring financial income75 | €4 | €56 | €1 | €1 | €0 | ▼ 73.1% |
| Financial charges65/66B | - | €5,016 | €3,019 | €6,817 | €5,748 | ▼ 15.7% |
| Recurring financial charges65 | €4,011 | €5,016 | €3,019 | €6,817 | €5,748 | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €5,934 | €320 | €2,168 | €14,408 | €9,181 | ▼ 36.3% |
| Income taxes67/77 | €1,735 | €321 | €579 | €3,898 | €2,450 | ▼ 37.1% |
| Profit (loss) for the period9904 | €4,199 | -€1 | €1,590 | €10,510 | €6,731 | ▼ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €4,199 | -€1 | €1,590 | €10,510 | €6,731 | ▼ 36.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263,318 | €288,253 | €281,880 | €441,607 | €314,172 | ▼ 28.9% |
| Fixed assets21/28 | €2,057 | €1,307 | €558 | €291 | €155 | ▼ 46.7% |
| Tangible fixed assets22/27 | €2,057 | €1,307 | €558 | €291 | €155 | ▼ 46.7% |
| Furniture and vehicles24 | - | €1,307 | €558 | €291 | €155 | ▼ 46.7% |
| Current assets29/58 | €261,261 | €286,945 | €281,322 | €441,316 | €314,017 | ▼ 28.8% |
| Stocks and contracts in progress3 | €254,700 | €250,900 | €264,440 | €296,465 | €306,600 | ▲ 3.4% |
| Stocks30/36 | - | €250,900 | €264,440 | €296,465 | €306,600 | ▲ 3.4% |
| Amounts receivable within one year40/41 | €6,005 | €36,045 | €16,882 | €144,851 | €7,385 | ▼ 94.9% |
| Trade receivables40 | - | €27,143 | €6,358 | €142,902 | €4,556 | ▼ 96.8% |
| Other amounts receivable41 | - | €8,903 | €10,525 | €1,949 | €2,829 | ▲ 45.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €32 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263,318 | €288,253 | €281,880 | €441,607 | €314,172 | ▼ 28.9% |
| Equity10/15 | €124,213 | €124,213 | €125,802 | €136,312 | €143,044 | ▲ 4.9% |
| Contributions10/11 | €32,226 | €32,226 | €32,226 | €61,500 | €61,500 | = |
| Capital10 | - | €32,226 | €32,226 | €61,500 | €61,500 | = |
| Issued capital100 | - | €32,226 | €32,226 | €61,500 | €61,500 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €85,787 | €85,786 | €87,376 | €68,612 | €75,344 | ▲ 9.8% |
| Amounts payable17/49 | €139,105 | €164,040 | €156,078 | €305,295 | €171,128 | ▼ 43.9% |
| Amounts payable within one year42/48 | €131,413 | €164,040 | €156,078 | €303,904 | €170,925 | ▼ 43.8% |
| Financial debts43 | - | €56,213 | €56,909 | €53,392 | €62,322 | ▲ 16.7% |
| Credit institutions430/8 | - | €56,213 | €56,909 | €53,392 | €62,322 | ▲ 16.7% |
| Trade debts44 | €62,750 | €99,615 | €89,075 | €246,036 | €101,190 | ▼ 58.9% |
| Suppliers440/4 | - | €99,615 | €89,075 | €246,036 | €101,190 | ▼ 58.9% |
| Advances received on contracts in progress46 | - | - | €5,000 | - | €1,060 | - |
| Taxes, remuneration and social security45 | - | €873 | €988 | €4,477 | €6,353 | ▲ 41.9% |
| Taxes450/3 | - | €873 | €988 | €4,477 | €6,353 | ▲ 41.9% |
| Other amounts payable47/48 | - | €7,339 | €4,105 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,391 | €204 | ▼ 85.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,199 | -€1 | €1,590 | €10,510 | €6,731 | ▼ 36.0% |
| + Depreciation and write-downs630 | €217 | €750 | €750 | €675 | €136 | ▼ 79.8% |
| Operating cash flow (approximation) | €4,416 | €749 | €2,340 | €11,185 | €6,867 | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€408 | €0 | ▲ 100% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €10,510 ▲561%
Operating result €21,224, net result €10,510, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €1,590
Net result €1,590 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Back to profitnet €2,369
Net result €2,369 after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Florennes · 1 establishment unit since 1991
Ground area
837 m²
Building footprint
258 m²
Volume, LiDAR
1,919 m³
Parcel 93021A0023/00Y010, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Biert, Flavion 10, 5620 Florennes
since 19912.051.744.592
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93021A0023/00Y010 | Wallonia | 837 m² | 1 · 258 m² | 9.4 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFlorennes2.051.744.592
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Of 943 companies in sector 46231 we hold annual accounts for 421. 340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
01410Raising of dairy cattle
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442690776
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.