Turnover
≈ €190,000 estimated
The micro format states no turnover.
LYST
Lifetime
15 annual accounts with figures on one time axispeak €77,046 (2025)
€77,046▲ 181%
lowest -€42,820 (2011)
€15,363▲ €49,600
peak €64,987 (2023)
€46,114▲ 50.0%
€299,009▲ 21.8%
Board2 names since 2021
2 directorsTanja Van Bel and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €27,442 to €77,046Back to profit: €15,363Equity from €30,751 to €46,114Debts from €245,497 to €299,009Investments €97,959
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 49% of micro companies in personal services (NACE 96)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -1.1 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €46,114 (13.4% of total assets)
lowers risk
Size: total assets €345,123
Founded in 2011
Figures for financial year 2025 (filed on 24-08-2026)
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 96, micro). It does better than 39% of them on solvency, 17% on liquidity, 57% on profitability and 82% 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 very low class on 30-06-2025, 0.1% 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, 4,508 companies had the same profile as LYST has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LYST itself: 0.2% within 12 months.
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.
| 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 4,508 companies, not a prediction for LYST. 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 €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.97 (1.37 in 2024), below 1. Short-term debt is 71.9% and cash 8% of total assets. 86.6% 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 risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
3 days early
2023
30 days early
2022
30 days late
2021
27 days early
2020
31 days late
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% 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 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0835942634
New establishment in Sint-Niklaas
Libons, Gentse Baan 66
2 directors reappointed
Changes of role: VAN DE WYNKELE Sven John Joseph (statutory director) and VAN BEL Tanja Jan Christine (statutory director) · Reappointments: VAN DE WYNKELE Sven John Joseph (statutory director) and VAN BEL Tanja Jan Christine (statutory director) · “De vennootschap kan samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of…” (deed in Dutch) · General meeting of 02-03-2023 · Gazette deed
Registered office moved from Ghent to Waasmunster
New registered office: Lucien Reychlerstraat 64, 9250 Waasmunster · Previous registered office: Tweebruggenstraat 1 bus 101, 9000 Gent · General meeting of 09-09-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LYST Waasmunster | €345,123 | €77,046 | 13.4% | - |
| MIAMI SUN Verviers | €290,613 | €95,709 | 67.5% | - |
| POOLHOUSE II Aalter | €400,503 | €57,501 | 32.0% | - |
| OSIRIS Sint-Niklaas | €349,227 | €99,990 | 17.5% | - |
| Hypoxi Benelux Ninove | €382,562 | €47,522 | 49.6% | - |
| Maison Beau Zonhoven | €394,281 | €105,352 | 9.0% | - |
| LYMPHANA Bruges | €410,523 | €60,511 | 55.9% | - |
These companies have the same main activity as LYST: day spas, saunas and steam baths (NACE 96230). They are comparable in size and age: total assets between €291,000 and €411,000, founded between 2007 and 2012.
Official details
Source: KBO- Status
- Active since 03-05-2011Normal situation
- Activity
- Day spas, saunas and steam bathsNACE 96230and 4 others
- Establishment units
- 2.199.338.5079250 Waasmunster, since 01-05-2011
- 2.356.588.3739100 Sint-Niklaas, since 01-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Insights on LYST
LYST files the micro format. That format states no turnover. The gross margin rose from -€27,301 in 2011 to €77,046 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LYST
- What is the company number of LYST?
- The company number of LYST is 0835.942.634. The VAT number is the same number with BE in front: BE 0835.942.634.
- Where is LYST based?
- The registered office is at Lucien Reychlerstraat 64, 9250 Waasmunster.Company details
- What does LYST do?
- According to the KBO register, the main activity is day spas, saunas and steam baths (NACE 96230).
- What is the legal form of LYST?
- LYST is a private limited company (BV).
- When was LYST founded?
- LYST was founded on 03-05-2011.
- Is LYST still active?
- Yes, LYST is an active enterprise in the KBO register.
- How many employees does LYST have?
- LYST had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LYST?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €77,046 and 34 comparable companies (NACE 962). It probably lies between €140,000 and €220,000.
- Is LYST profitable?
- In financial year 2025, LYST made a profit of €15,363.
- Where can I find the annual accounts of LYST?
- LYST filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LYST due?
- LYST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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