Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
LUSATCO from Sint-Pieters-Woluwe, company number BE0401930980, closed financial year 2025 with a result of € 117,783 after tax. For that financial year LUSATCO recorded a gross margin of € 36,918 and equity of € 1 million. Compared with financial year 2024, the result moved from € 209,855 to € 117,783. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.
€ 1 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 117,783
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 69,208
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -249,138.
Debts at end 2025
€ 2.9 million
▼ 20% vs 2024
Loans from banks and other lenders, long and short.
€ 1,507
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 57,590 | € 55,699 | € 69,877 | € 36,918 | ▼ 47% |
| Profit after taxes | € 96,139 | € -74,870 | € 209,855 | € 117,783 | ▼ 44% |
| Equity | € 787,389 | € 712,518 | € 922,373 | € 1,040,157 | ▲ 13% |
| Total debts | € 6,347,837 | € 7,633,317 | € 6,303,986 | € 5,287,939 | ▼ 16% |
| Cash | € 281,796 | € 54,091 | € 169,130 | € 69,208 | ▼ 59% |
| Retained profit | € -501,905 | € -576,776 | € -366,921 | € -249,138 | ▲ € 117,783 |
| Bank debt | € 5,358,000 | € 4,428,000 | € 3,622,000 | € 2,907,000 | ▼ 20% |
| Balance sheet total | € 7,135,226 | € 8,345,835 | € 7,226,359 | € 6,328,096 | ▼ 12% |
Key figures of LUSATCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LUSATCO?
What happened at LUSATCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 117,783 (▼ 44% vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 96,139 profit in 2022 to € 117,783 profit in 2025.
Paid € 601 in corporate taxes since 2022.
Best year ever: 2024, with € 209,855 profit.
Management
Behind LUSATCO are Etienne RUTSAERT and Thibaud RUTSAERT. Etienne RUTSAERT is also behind Development Management Consulting.
Directors
According to the 2025 annual accounts
Thibaud RUTSAERT
Director
Establishments
Establishment units
Physical locations of this company
Fazantenparklaan 60
1150 Sint-Pieters-Woluwe
Berckmansstraat 83
1060 Sint-Gillis (bij-Brussel)
Active since 1 August 1939
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.930.980
- VAT number
- BE 0401.930.980
- Registered office
- Fazantenparklaan 60, 1150 Sint-Pieters-Woluwe
- Names & denominations
- LUSATCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1939
- Peppol
- Not registered
- Activities · NACE
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