Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LACE PARADISE from Oostende, company number BE0436964808, closed financial year 2025 with a result of € -16,142 after tax. For that financial year LACE PARADISE recorded a gross margin of € 65,601 and equity of € -951,296. Compared with financial year 2024, the result moved from € -241,414 to € -16,142. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2026.
€ -951,296
▼ € 16,142 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,142
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
€ 13,622
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 59,526
▼ 62% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 257
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 820,712
▲ 4% vs 2024
€ 25,065 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 41,668
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,298
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,962 | € 19,559 | € -42,346 | € 65,601 | ▲ € 107,947 |
| Profit after taxes | € -147,164 | € -221,662 | € -241,414 | € -16,142 | ▲ € 225,272 |
| Equity | € -472,078 | € -693,740 | € -935,154 | € -951,296 | ▼ € 16,142 |
| Total debts | € 1,084,937 | € 984,530 | € 1,152,610 | € 1,203,147 | ▲ 4% |
| Cash | € 26,628 | € 29,363 | € 13,451 | € 13,622 | ▲ 1% |
| Land & buildings | € 41,806 | € 15,017 | € 9,717 | - | |
| Retained profit | € -534,078 | € -755,740 | € -997,154 | € -1,013,296 | ▼ € 16,142 |
| Bank debt | € 701,386 | € 657,037 | € 790,383 | € 820,712 | ▲ 4% |
| Balance sheet total | € 612,859 | € 290,790 | € 217,456 | € 251,850 | ▲ 16% |
Key figures of LACE PARADISE, 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 LACE PARADISE?
What happened at LACE PARADISE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ann Lescrauwaet stepped down as director. NBB
- Jan Lescrauwaet stepped down as director. NBB
- Luc Lescrauwaet stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 16,142. filed late Source: NBB ↗
- Jan Lescrauwaet became a director. NBB
- Ann Lescrauwaet became a director. NBB
- Luc Lescrauwaet became a director. NBB
- New establishment in Oostende. KBO
In short
From € 147,164 loss in 2022 to € 16,142 loss in 2025.
Paid € 817 in corporate taxes since 2022.
Management
Behind LACE PARADISE is Lucien Lescrauwaet. Lucien Lescrauwaet is also behind LUCANJA, BOUW EN PROMOTIONS, GROUP - BUILDINVEST, FLEUR DE LYS and GROUP PUNTA EST.
Directors
According to the 2025 annual accounts
Lucien Lescrauwaet
Managing director
Also active at: LUCANJA, BOUW EN PROMOTIONS, GROUP - BUILDINVEST, FLEUR DE LYS, GROUP PUNTA EST
since 2012
since 2024 · until 2030
since 2025 · until 2030
Luc Lescrauwaet
Managing director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Adolf Buylstraat 49
8400 Oostende
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.964.808
- VAT number
- BE 0436.964.808
- Registered office
- Adolf Buylstraat 49, 8400 Oostende
- Names & denominations
- LACE PARADISE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 1989
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
Detailhandel in huishoudtextiel en beddengoed
Detailhandel in textiel
Ontwikkeling van residentiële bouwprojecten
Detailhandel in souvenirs en religieuze artikelen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Gespecialiseerde detailhandel in souvenirs, ambachtelijke producten en religieuze artikelen
Projectontwikkeling voor woningbouw
+2