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 1 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
LUGANO IP from Knokke-Heist, company number BE0451057522, closed financial year 2025 with a result of € 96,926 after tax. For that financial year LUGANO IP recorded a gross margin of € 1.3 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 29,453 to € 96,926. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ 1.5 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,926
▲ 229% vs 2024
Profit after tax over the fiscal year.
€ 2,504
▼ 18% 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 € 860,420.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 191,833
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,426
▲ € 22,908 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 84,813 | € 27,493 | € 4,986 | € 1,336,476 | ▲ € 1.3 million |
| Profit after taxes | € 48,378 | € 563 | € 29,453 | € 96,926 | ▲ 229% |
| Equity | € 1,333,478 | € 1,334,041 | € 1,363,494 | € 1,460,420 | ▲ 7% |
| Total debts | € 418,449 | € 429,916 | € 363,247 | € 242,779 | ▼ 33% |
| Cash | € 9,878 | € 7,968 | € 3,058 | € 2,504 | ▼ 18% |
| Retained profit | € 733,478 | € 734,041 | € 763,494 | € 860,420 | ▲ 13% |
| Bank debt | € 53,953 | € 13,061 | € 0 | € 0 | |
| Balance sheet total | € 1,751,927 | € 1,763,957 | € 1,726,740 | € 1,703,199 | ▼ 1% |
Key figures of LUGANO IP, 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 LUGANO IP?
What happened at LUGANO IP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,378 profit in 2022 to € 96,926 profit in 2025.
Paid € 51,650 in corporate taxes since 2022.
Best year ever: 2025, with € 96,926 profit.
Management
Behind LUGANO IP is Stefan Vanhollebeke. It owns 99% of Le Toucquet itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Villapad 14
8300 Knokke-Heist
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
- 0451.057.522
- VAT number
- BE 0451.057.522
- Registered office
- Villapad 14, 8300 Knokke-Heist
- Names & denominations
- LUGANO IP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 October 1993
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
Activiteiten van holdings
Holdings