LUNGAREZE
ActiveThe computed 12-month bankruptcy probability of LUNGAREZE is 5.1% (elevated). For LUNGAREZE, at least two filing cycles of the annual accounts are missing. 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 7975 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
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-100
Solvency91▲+3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
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
45 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 deadline19-09-2026 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 result in the available series.
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%. Equity and debt are lower.
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.
Similar companies · same sector, comparable size
D.S. RENOVATIE GROEP
BE 0786.399.784
Oostkamp · Eq €11k
BLNT
BE 0780.538.412
Antwerpen · Eq €11k
Q Construct & Consulting
BE 1002.197.466
Schoten · Eq €11k
BOUWONDERNEMING D. LIEVENS
BE 0765.245.173
Geraardsbergen · Eq €11k
OLY COMPANY
BE 1000.543.023
Ganshoren · Eq €11k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 9,684 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 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.