LUNGAREZE
ActiveThe computed 12-month bankruptcy probability of LUNGAREZE is 5.1% (elevated). The 2022 annual accounts show equity of €11k and a net result of €-11k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 7977 sector peers (fiscal year 2022). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2022
Axes · tick = 2021
Profitability0▼-100
Solvency100▲+1
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.32 against 2.0 in 2021), and 33.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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 2022Solvency, return and age of the figures
Solvency
66.5%
Return on assets
-65.8%
Age of the figures
44 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline15-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
31 d late
2020
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€11k▼ 49.8%
2021 · €22k
2020: €12k
2021: €22k
2020 → 2022
Total assets
€17k▼ 52.3%
2021 · €35k
2020: €42k
2021: €35k
2020 → 2022
Net result
€-11k
2021 · €10k
2020: €9k
2021: €10k
2020 → 2022
Working capital
€7k▼ 40.7%
2021 · €13k
2020: €-5k
2021: €13k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€12k-€22k▲ 88.0%€11k▼ 49.8%
Operating result€14k-€15k▲ 5.5%€-11k
Net result€9k-€10k▲ 17.9%€-11k
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 2022: a loss of €11k after €15k in 2021, the lowest year so far.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €17k
Fixed assets
€4k▼ 62.9%
Current assets
€13k▼ 48.0%
Equity and liabilities €17k
Equity
€11k▼ 49.8%
Debt
€6k▼ 56.5%
The debt ratio falls from 36.8% to 33.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-6k▼
2021 · €21k
Cash flow
€-7k▼
2021 · €17k
Solvency
66.5%▲
2021 · 63.2%
Current ratio
2.32▲
2021 · 2.00
Quick ratio
2.32▲
2021 · 2.00
Debt / equity
0.50▼
2021 · 0.58
ROE
-99.0%▼
2021 · 46.8%
ROA
-65.8%▼
2021 · 29.6%
Interest coverage
-17.34▼
2021 · 65.33
Debt
€6k▼
2021 · €13k
Debt ≤ 1 year
€6k▼
2021 · €13k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€35k€17k▼
Fixed assets21/28€10k€4k▼
Tangible fixed assets22/27€10k€4k▼
Furniture and vehicles24€10k€4k▼
Current assets29/58€25k€13k▼
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€12k€10k▼
Cash at bank and in hand54/58€9k€1k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€35k€17k▼
Equity10/15€22k€11k▼
Contributions10/11€3k€3k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€81€-11k▼
Amounts payable17/49€13k€6k▼
Amounts payable within one year42/48€13k€6k▼
Trade debts44€1k€944▼
Suppliers440/4€1k€944▼
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€8k€5k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€30-
Accrued charges and deferred income492/3€348-
Income statement
Code20212022
Non-recurring operating income76A-€54
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€587€1k▲
Gross operating margin9900€22k€-5k▼
Operating profit (loss)9901€15k€-11k▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€325€370▲
Recurring financial charges65€325€370▲
Profit (loss) for the period before taxes9903€14k€-11k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€10k€-11k▼
Profit (loss) for the period to be appropriated9905€10k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-11k▼
Profit (loss) brought forward from the previous period14P€51€81▲
Transfer to equity691/2€10k-
To other reserves6921€10k-
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
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-11k ▼206%
Net result drops to €-11k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €10k ▲17.9%
Operating result €15k, net result €10k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.00
Current ratio from 0.85 to 2.00; short-term debt falls from €30k to €13k.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 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
1 establishment unit since 2019
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.
Ground area
2,022 m²
Building footprint
285 m²
Volume, LiDAR
2,289 m³
2 parcels, Brussels, Flanders · tallest building 17.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
LUNGAREZE
since 20192.291.858.491
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
| 21013B0036/00N022 | Brussels | 88 m² | 1 · 87 m² | 17.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 9,566 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.