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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
57 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LONE STAR INVESTMENT MANAGEMENT from Brussel, company number BE0811214166, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year LONE STAR INVESTMENT MANAGEMENT recorded revenue of € 1.3 million and equity of € 200,016. Compared with financial year 2024, the result moved from € 105,877 to € -1.1 million. The company made a loss. The buffer shrank hard: equity is 85 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ 200,016
▼ 85% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ still € 105,877 profit in 2024
Profit after tax over the fiscal year.
€ 47,947
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -569,984.
People and assets in 2025
3.6
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 102% vs 2024
€ 568,900 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 65,293
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 56 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,616,334 | € 1,684,283 | € 1,671,876 | € 1,334,779 | ▼ 20% |
| Profit after taxes | € 101,787 | € 106,117 | € 105,877 | € -1,137,474 | ▼ € 1.2 million |
| Equity | € 1,125,497 | € 1,231,613 | € 1,337,490 | € 200,016 | ▼ 85% |
| Total debts | € 257,569 | € 235,525 | € 249,225 | € 65,293 | ▼ 74% |
| Cash | € 613,974 | € 338,152 | € 904,111 | € 47,947 | ▼ 95% |
| Retained profit | € 425,497 | € 461,613 | € 567,490 | € -569,984 | ▼ € 1.1 million |
| Balance sheet total | € 1,383,066 | € 1,467,138 | € 1,586,715 | € 265,309 | ▼ 83% |
| Employees (FTE) | 5 | 5 | 5 | 3.6 | ▼ 1.4 |
Key figures of LONE STAR INVESTMENT MANAGEMENT, 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 LONE STAR INVESTMENT MANAGEMENT?
What happened at LONE STAR INVESTMENT MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million (▼ € 1.2 million vs 2024). Source: NBB ↗
- Zita Vance became a director. NBB
- Erdal Atilgan became a director. NBB
- Rebecca Smith stepped down as director. NBB
- Vincent Bonnewijn stepped down as director. NBB
- Rebecca Smith became a director. NBB
- Vincent Bonnewijn became a director. NBB
- New establishment in Brussel. KBO
In short
From € 101,787 profit in 2022 to € 1.1 million loss in 2025.
Paid € 139,543 in corporate taxes since 2022.
Best year ever: 2023, with € 106,117 profit.
Pays suppliers within 56 days on average.
Management
Behind LONE STAR INVESTMENT MANAGEMENT are Zita Vance and Erdal Atilgan. It owns 0% of LSF KEB MANAGEMENT and 0% of LSF SC MANAGEMENT itself.
Directors
According to the 2025 annual accounts
Zita Vance
Director
Also active at: LSF SC MANAGEMENT, LSF KEB MANAGEMENT, LSF-KEB HOLDINGS, LSF SC HOLDINGS
since 2025
Erdal Atilgan
Director
since 2025
Rebecca Smith
Director
since 2018 · until 2025
Vincent Bonnewijn
Director
Also active at: LSF8 Invoice Management, LSF8 Invoice Holdings, LSF SC MANAGEMENT, LSF KEB MANAGEMENT, LSF-KEB HOLDINGS
since 2016 · until 2025
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 57 companies are registered at this address.
All companies at this address →TELEFLEX MEDICAL
€ 18.7 million revenue · 2025
CUSHMAN & WAKEFIELD WINSSINGER TIE LEUNG
€ 218,925 revenue · 2024
Paardekooper België
Sunparks Oostduinkerke
€ 3.9 million revenue · 2025
CUSHMAN & WAKEFIELD BELGIUM
€ 14.4 million revenue · 2024
+52 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
- 0811.214.166
- VAT number
- BE 0811.214.166
- Registered office
- Marnixlaan 23, 1000 Brussel
- Names & denominations
- LONE STAR INVESTMENT MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 2009
- Peppol
- Active · Active since 20 May 2026
- Contact
- [email protected]
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige fiscale dienstverlening
Vermogensbeheer
Accountants en belastingconsulenten
Diverse administratieve activiteiten ten behoeve van kantoren