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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
LUGANO from Knokke-Heist, company number BE0809358102, closed financial year 2024 with a result of € -28,955 after tax. For that financial year LUGANO recorded a gross margin of € 2.7 million and equity of € 178,983. Compared with financial year 2023, the result moved from € -832,337 to € -28,955. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2025.
€ 178,983
▼ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,955
▲ 97 % less loss than in 2023
Profit after tax over the fiscal year.
€ 447,122
▲ 140% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 93,983.
People and assets in 2024
40.9
▲ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 60% vs 2023
€ 46,300 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.
€ 23,812
▲ € 21,518 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 5.2 million
▲ 6% vs 2023
€ 689,192 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 349,177
▼ 40% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 176,535
▼ 53% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 3,824,168 | € 5,239,759 | € 2,705,598 | ▼ 48% |
| Profit after taxes | € 621,747 | € -832,337 | € -28,955 | ▲ € 803,382 |
| Equity | € 1,040,275 | € 207,937 | € 178,983 | ▼ 14% |
| Total debts | € 5,697,796 | € 6,203,093 | € 5,926,522 | ▼ 4% |
| Cash | € 495,731 | € 186,295 | € 447,122 | ▲ 140% |
| Retained profit | € 955,275 | € 122,937 | € 93,983 | ▼ 24% |
| Bank debt | € 4,575,545 | € 4,921,412 | € 5,239,559 | ▲ 6% |
| Balance sheet total | € 6,738,070 | € 6,411,030 | € 6,105,505 | ▼ 5% |
| Employees (FTE) | 53.7 | 40.8 | 40.9 | ▲ 0.1 |
Key figures of LUGANO, fiscal years 2022 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 LUGANO?
What happened at LUGANO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 28,955. filed late Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- New establishment in Knokke-Heist. KBO
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 621,747 profit in 2022 to € 28,955 loss in 2024.
Paid € 14,958 in corporate taxes since 2022.
Best year ever: 2022, with € 621,747 profit.
On average € 66,200 of value added per employee in 2024.
A new publication or filing at LUGANO? 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 LUGANO IP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LUGANOBehind LUGANO is LUGANO IP BV. The shares are held by LUGANO IP (27.2%).
Directors
According to the 2024 annual accounts
Shareholders
27.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Elizabetlaan 85
8300 Knokke-Heist
Villapad 14
8300 Knokke-Heist
Active since 22 January 2009
Kustlaan 74
8300 Knokke-Heist
Active since 1 April 2009
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
- 0809.358.102
- VAT number
- BE 0809.358.102
- Registered office
- Elizabetlaan 85, 8300 Knokke-Heist
- Names & denominations
- LUGANO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2009
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Activiteiten van eetgelegenheden met volledige bediening
Groothandel in dranken, algemeen assortiment
Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen
Eetgelegenheden met volledige bediening