LUSTRE
ActiveLUSTRE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.47M and a net result of €-87k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-2
Solvency54=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.28 in 2024; short-term debt: 12.5% and cash: 0.9% of total assets), and 71.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.8%
Return on assets
-1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-87k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
7 d early
2022
31 d early
2021
34 d early
2020
32 d early
2019
1 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.47M▼ 3.4%
2024 · €2.56M
2018: €1.16M
2019: €1.10M
2020: €1.05M
2021: €1.25M
2022: €1.17M
2023: €2.63M
2024: €2.56M
2018 → 2025
Total assets
€8.59M▼ 3.9%
2024 · €8.94M
2018: €4.15M
2019: €3.98M
2020: €3.89M
2021: €3.72M
2022: €3.62M
2023: €6.34M
2024: €8.94M
2018 → 2025
Net result
€-87k▼ 23.7%
2024 · €-70k
2018: €9k
2019: €-57k
2020: €-55k
2021: €203k
2022: €-75k
2023: €30k
2024: €-70k
2018 → 2025
Working capital
€-972k▼ 98.9%
2024 · €-489k
2018: €1.92M
2019: €1.80M
2020: €1.84M
2021: €16k
2022: €-354k
2023: €-349k
2024: €-489k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.17M▼ 6.0%€2.63M▲ 124%€2.56M▼ 2.7%€2.47M▼ 3.4%
Operating result€32k-€-8k€67k€38k▼ 42.8%€15k▼ 61.3%
Net result€203k-€-75k€30k€-70k€-87k▼ 23.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.59M
Fixed assets
€8.49M▼ 3.0%
Current assets
€102k▼ 46.4%
Equity and liabilities €8.59M
Equity
€2.47M▼ 3.4%
Provisions
€360k▼ 7.2%
Debt
€5.76M▼ 3.9%
The debt ratio stays at 67.0%.
Key figures and ratios
EBITDA
€290k▼
2024 · €334k
Cash flow
€188k▼
2024 · €226k
Solvency
28.8%▲
2024 · 28.6%
Current ratio
0.10▼
2024 · 0.28
Quick ratio
0.10▼
2024 · 0.28
Debt / equity
2.33▼
2024 · 2.34
ROE
-3.5%▼
2024 · -2.7%
ROA
-1.0%▼
2024 · -0.8%
Interest coverage
2.24▼
2024 · 2.44
Debt
€5.76M▼
2024 · €6.00M
Debt ≤ 1 year
€1.07M▲
2024 · €679k
Debt > 1 year
€4.67M▼
2024 · €5.05M
Income taxes
€18▲
2024 · €-762
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.94M€8.59M▼
Fixed assets21/28€8.75M€8.49M▼
Tangible fixed assets22/27€8.75M€8.49M▼
Land and buildings22€7.45M€7.30M▼
Leasing and similar rights25€1.30M€1.19M▼
Current assets29/58€191k€102k▼
Amounts receivable within one year40/41€113k€29k▼
Trade receivables40€17k€16k▼
Other amounts receivable41€96k€12k▼
Cash at bank and in hand54/58€78k€74k▼
Equity and liabilities
Total equity and liabilities10/49€8.94M€8.59M▼
Equity10/15€2.56M€2.47M▼
Contributions10/11€581k€581k=
Capital10€581k€581k=
Issued capital100€581k€581k=
Reserves13€1.24M€1.16M▼
Non-distributable reserves130/1€58k€58k=
Legal reserve130€58k€58k=
Tax-exempt reserves132€1.18M€1.10M▼
Profit (loss) carried forward14€737k€733k▼
Provisions and deferred taxes16€388k€360k▼
Deferred taxes168€388k€360k▼
Amounts payable17/49€6.00M€5.76M▼
Amounts payable after more than one year17€5.05M€4.67M▼
Financial debts170/4€5.05M€4.67M▼
Amounts payable within one year42/48€679k€1.07M▲
Current portion of amounts payable after more than one year42€376k€383k▲
Financial debts43€82k€138k▲
Credit institutions430/8€82k€138k▲
Trade debts44€48k€190k▲
Suppliers440/4€48k€190k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€10k€43▼
Taxes450/3€10k€43▼
Other amounts payable47/48€164k€358k▲
Accrued charges and deferred income492/3€267k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€296k€275k▼
Other operating charges640/8€50k€50k▼
Gross operating margin9900€384k€340k▼
Operating profit (loss)9901€38k€15k▼
Financial income75/76B€1€28▲
Recurring financial income75€1€28▲
Financial charges65/66B€137k€129k▼
Recurring financial charges65€137k€129k▼
Profit (loss) for the period before taxes9903€-99k€-115k▼
Transfer from deferred taxes780€28k€28k=
Income taxes67/77€-762€18▲
Profit (loss) for the period9904€-70k€-87k▼
Transfer from tax-exempt reserves789€84k€84k=
Profit (loss) for the period to be appropriated9905€13k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€737k€733k▼
Profit (loss) brought forward from the previous period14P€723k€737k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge3 facts ▸
- General meeting, 2026-08-08
- Director resignation, Giovanni Stasi (administrateur et administrateur délégué)
- Director discharge, Giovanni Stasi
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.63M ▲124%
Equity rises from €1.17M to €2.63M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €203k
Net result €203k after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-08-2026
Giovanni STASI: Resigned as Administrateur et administrateur délégué
02-01-2014
Giovanni STASI: Resigned as Director
02-01-2014
Vincenzo STASI: Resigned as Director
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2005
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.
Avenue de Philippeville 2846001 CharleroiGround area
8,419 m²
Building footprint
2,024 m²
Volume, LiDAR
8,764 m³
Parcel 52045A0558/00X002, Wallonia · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SA LUSTRE
since 20052.148.086.576
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0558/00X002 | Wallonia | 8,419 m² | 1 · 2,024 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Similar companies · same sector, comparable size
GROWNERS
BE 0860.002.790
Lasne · Eq €2.47M
MY BREEX
BE 0897.269.992
Gent · Eq €2.47M
VAARTDIJK
BE 0457.997.871
Lier · Eq €2.47M
BELVIEW OFFICE
BE 0842.214.574
Londerzeel · Eq €2.48M
Labophar
BE 0643.723.177
Gent · Eq €2.48M
Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 2,464 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-06-2005
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:071/82.23.46