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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 24.8 to 22.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Granit Lust-Vuerings from Gistel, company number BE0776619414, closed financial year 2025 with a result of € -1 million after tax. For that financial year Granit Lust-Vuerings recorded a gross margin of € 1.5 million and equity of € -1.8 million. Compared with financial year 2024, the result moved from € -945,447 to € -1 million. 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 June 18, 2026.
€ -1.8 million
▼ € 1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 152,098
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
22
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 2% vs 2024
€ 75,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,984
▲ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 36,987
▼ 37% vs 2024
€ 14,556 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 654,928
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 143,061
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,043,473 | € 1,763,411 | € 1,592,782 | € 1,458,632 | ▼ 8% |
| Profit after taxes | € -71,618 | € -266,927 | € -945,447 | € -1,014,800 | ▼ € 69,353 |
| Equity | € 399,717 | € 132,791 | € -812,656 | € -1,827,456 | ▼ € 1 million |
| Total debts | € 711,784 | € 7,143,623 | € 8,690,933 | € 8,586,329 | ▼ 1% |
| Cash | € 147,428 | € 154,206 | € 441,365 | € 152,098 | ▼ 66% |
| Land & buildings | - | € 7,819 | € 6,995 | € 6,172 | ▼ 12% |
| Retained profit | € 382,133 | € 115,206 | € -830,241 | € -1,845,041 | ▼ € 1 million |
| Bank debt | € 14,833 | € 77,629 | € 59,007 | € 36,987 | ▼ 37% |
| Balance sheet total | € 1,111,501 | € 7,276,413 | € 7,878,277 | € 6,758,873 | ▼ 14% |
| Employees (FTE) | 17.1 | 24.8 | 24.5 | 22 | ▼ 2.5 |
Key figures of Granit Lust-Vuerings, 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 Granit Lust-Vuerings?
What happened at Granit Lust-Vuerings in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1 million. Source: NBB ↗
- Pieter Ingelbrecht became a director. NBB
- Immo XL BV stepped down as director. NBB
- Macomax BV stepped down as director. NBB
- Macomax BV became a director. NBB
- New establishment in Braine-le-Comte. KBO
- New establishment in Gistel. KBO
- New establishment in Lessines. KBO
In short
From € 71,618 loss in 2022 to € 1 million loss in 2025.
Paid € 5,010 in corporate taxes since 2022.
On average € 66,300 of value added per employee in 2025.
A new publication or filing at Granit Lust-Vuerings? 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
The stake of Korund9 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Granit Lust-VueringsBehind Granit Lust-Vuerings is Pieter Ingelbrecht. The shares are held by Korund9 (100%). It owns 100% of Interstone, 100% of Grafmonumenten Ingelbrecht and 100% of Natuursteen Ghekiere Dominique itself.
Directors
According to the 2025 annual accounts
Pieter Ingelbrecht
Director
Also active at: Natuursteen Ghekiere Dominique, Grafmonumenten Ingelbrecht, INTERSTONE
since 2026
Director · represented by Xavier Lust
since 2021 · until 2026
Director · represented by Maxime Dieltiëns
Also active at: STEENHOUWERIJ EN GRAFZERKEN V.V.D.B., Natuursteen Ghekiere Dominique, Grafmonumenten Ingelbrecht, INTERSTONE
since 2024 · until 2026
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Hoogstraat 38
8470 Gistel
Chemin du Grand Denis(OL) 14
7866 Lessines
Active since 28 October 2021
Chaussée de Mons 348
1480 Tubize
Active since 28 October 2021
Chemin Brûlé 2
7090 Braine-le-Comte
Active since 1 March 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0776.619.414
- VAT number
- BE 0776.619.414
- Registered office
- Hoogstraat 38, 8470 Gistel
- Names & denominations
- Granit Lust-Vuerings
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2021
- Peppol
- Active · Active since 29 Aug 2025
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Houwen, bewerken en afwerken van natuursteen
Overige gespecialiseerde bouwwerkzaamheden