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 1 of the last 1 fiscal years.
-
Annual account missing NBB
Fiscal year 2022 was expected before 31 July 2023 and has not been filed.
-
Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2021
LGRI from Elsene, company number BE0479730029, closed financial year 2021 with a result of € 1.3 million after tax. For that financial year LGRI recorded revenue of € 19 million and equity of € -4.6 million. The company is profitable. 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 July 1, 2022.
€ -4.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
Profit after tax over the fiscal year.
€ 82,873
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2021. Retained profit grew to € -19.6 million.
Debts at end 2021
€ 11.1 million
Loans from banks and other lenders, long and short.
€ 11.8 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 220 days on average.
€ 340,667
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
What happened to LGRI?
What happened at LGRI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Arnaud Grunberg stepped down as director. NBB
- LUDENDO SAS stepped down as director. NBB
- LUDENDO ENTREPRISES SAS stepped down as director. NBB
- New annual accounts for financial year 2021: profit of € 1.3 million. Source: NBB ↗
- Jean-Michel Grunberg stepped down as director. NBB
- Arnaud Grunberg became a director. NBB
- LUDENDO ENTREPRISES SAS became a director. NBB
- Jean-Michel Grunberg became a director. NBB
Management
It owns 100% of Lundendo Commerce Iberica, 100% of LRG Asia and 100% of Ludendo Industries itself.
Directors
According to the 2021 annual accounts
Director · represented by Thierry Morvan
since 2019 · until 2025
Jean-Michel Grunberg
Managing director
since 2015 · until 2021
Arnaud Grunberg
Managing director
since 2021 · until 2027
LUDENDO SAS
Director · represented by Marc Cornacchia
· until 2027
Establishments
Establishment units
Physical locations of this company
Ernestinelaan 4
1050 Elsene
Louizalaan 331-333
1050 Elsene
Active since 21 March 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →CARLTAX
DMB RACING
QUAI DE L'OURTHE A BARVAUX
€ 11,251 gross margin · 2023
ALVOKO
€ 28,561 gross margin · 2024
BERGFIN
€ 68,175 gross margin · 2024
+13 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.730.029
- VAT number
- BE 0479.730.029
- Registered office
- Ernestinelaan 4, 1050 Elsene
- Names & denominations
- LGRI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2003
- Peppol
- Not registered