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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
LACE PARADISE from Oostende, company number BE0436964808, closed financial year 2024 with a result of € -241,414 after tax. For that financial year LACE PARADISE recorded a gross margin of € -42,346 and equity of € -935,154. Compared with financial year 2023, the result moved from € -221,662 to € -241,414. 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 September 23, 2025.
€ -935,154
▼ € 241,414 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -241,414
▼ 9 % more loss than in 2023
Profit after tax over the fiscal year.
€ 13,451
▼ 54% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -997,154.
People and assets in 2024
€ 156,243
▼ 18% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 455
▼ 89% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 790,383
▲ 20% vs 2023
Loans from banks and other lenders, long and short.
€ 59,181
▲ 5% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 52,107
▲ 38% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -43,697 | € 28,962 | € 19,559 | € -42,346 | ▼ € 61,905 |
| Profit after taxes | € -243,116 | € -147,164 | € -221,662 | € -241,414 | ▼ € 19,753 |
| Equity | € -324,915 | € -472,078 | € -693,740 | € -935,154 | ▼ € 241,414 |
| Total debts | € 828,779 | € 1,084,937 | € 984,530 | € 1,152,610 | ▲ 17% |
| Cash | € 39,049 | € 26,628 | € 29,363 | € 13,451 | ▼ 54% |
| Land & buildings | € 47,058 | € 41,806 | € 15,017 | € 9,717 | ▼ 35% |
| Retained profit | € -386,915 | € -534,078 | € -755,740 | € -997,154 | ▼ € 241,414 |
| Bank debt | € 479,542 | € 701,386 | € 657,037 | € 790,383 | ▲ 20% |
| Balance sheet total | € 503,864 | € 612,859 | € 290,790 | € 217,456 | ▼ 25% |
Key figures of LACE PARADISE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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
- Lucien Lescrauwaet stepped down as director. NBB
- Luc Lescrauwaet stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 241,414. filed late Source: NBB ↗
- Jan Lescrauwaet became a director. NBB
- Ann Lescrauwaet became a director. NBB
- Lucien Lescrauwaet became a director. NBB
In short
From € 243,116 loss in 2021 to € 241,414 loss in 2024.
Paid € 881 in corporate taxes since 2021.
A new publication or filing at LACE PARADISE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
since 2024 · until 2030
since 2025 · until 2030
Lucien Lescrauwaet
Managing director
Also active at: LUCANJA, BOUW EN PROMOTIONS, GROUP - BUILDINVEST, FLEUR DE LYS, GROUP PUNTA EST
since 2024 · 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
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