ACTIVE

LUGUS STUDIOS

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Financial year 2025 · closed on 30/06/2025

Net result

838,7 k €

+87.8% YoY

Gross margin

1,4 M €

+46.6% YoY

Equity

1,1 M €

+10.6% YoY

Workforce

6,8 ETP

0.0% YoY

What does LUGUS STUDIOS do?

LUGUS STUDIOS is a Private limited company incorporated in 2011. Its main activity is: Publishing of computer games. Its registered office is in Hasselt. It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.288.243

Incorporation

12/09/2011

Legal form

Private limited company

Registered office

Aldestraat 48
3500 Hasselt · FlandreSee on map

Contributed capital

10 400,00 €

Latest accounts

30/06/2025

Average workforce

6,8 ETP

Activities (NACE)

58210Publishing of computer games· main 58210Publishing of computer games 62010Computer programming activities 62100Computer programming, consultancy and related activities

Joint committees (2)

227
22700

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	1,4 M €	+46.6%	982,5 k €	+29.7%	757,8 k €	+27.4%	594,9 k €	+120%	271 k €	+31.3%	206,4 k €	+38.6%	148,9 k €	+97.0%	75,6 k €	-19.4%	93,7 k €	+220%	29,3 k €
EBITDA	1,1 M €	+67.2%	629,5 k €	+41.4%	445,3 k €	+62.1%	274,6 k €	+181%	97,7 k €	+29.7%	75,3 k €	+8.0%	69,7 k €	+377%	14,6 k €	-40.9%	24,7 k €	+232%	7,4 k €
Operating result	1 M €	+66.8%	620,2 k €	+43.0%	433,8 k €	+68.6%	257,2 k €	+210%	82,9 k €	+35.1%	61,4 k €	+6.2%	57,8 k €	+1971%	2,8 k €	-86.0%	20 k €	+8122%	-248,8 €
Net result	838,7 k €	+87.8%	446,6 k €	+43.4%	311,5 k €	+72.2%	180,9 k €	+212%	57,9 k €	+27.7%	45,4 k €	+7.5%	42,2 k €	+2260%	1,8 k €	-88.1%	15 k €	+4078%	-377,9 €
Balance sheet
Equity	1,1 M €	+10.6%	1 M €	+49.9%	677,7 k €	+19.0%	569,6 k €	+412%	111,3 k €	+49.6%	74,4 k €	+51.7%	49 k €	+82.6%	26,8 k €	+28.1%	21 k €	+254%	5,9 k €
Total assets	2,2 M €	+63.2%	1,4 M €	+22.7%	1,1 M €	+28.8%	862 k €	+254%	243,5 k €	+32.1%	184,3 k €	-35.8%	286,9 k €	+244%	83,5 k €	+51.1%	55,3 k €	+19.5%	46,3 k €
Cash	1,4 M €	+66.5%	863,4 k €	-8.1%	939,2 k €	+49.5%	628,1 k €	+215%	199,7 k €	+36.7%	146,1 k €	+60.7%	90,9 k €	+836%	9,7 k €	-77.4%	42,9 k €	+11.7%	38,4 k €
Debts	1 M €	+202%	334,9 k €	-15.5%	396,1 k €	+103%	194,7 k €	+48.4%	131,2 k €	+20.6%	108,8 k €	-53.1%	231,9 k €	+310%	56,6 k €	+65.2%	34,3 k €	+92.0%	17,8 k €
Other
Workforce	6,8 ETP	0.0%	6,8 ETP	+7.9%	6,3 ETP		–		–		–		2,5 ETP	-10.7%	2,8 ETP	+33.3%	2,1 ETP	+163%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 15 ended

Active mandates

Alvergreen

Director · since 01 janvier 2024 · 1003.566.156

Represented by Tom LISSENS

Active

Kevin Haelterman

Director · since 15 décembre 2023

Active

Ended mandates

Kevin Haelterman

Director · since 12 novembre 2011

Ended

Kevin Haelterman

Manager · since 12 novembre 2011

Ended

Tom Lissens

Director · since 12 novembre 2011

Ended

Tom Lissens

Manager · since 12 novembre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
Alvergreen● Active	1003.566.156
Or & Sable● Active	1003.566.255
Ottotre● Active	1005.708.668

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/01/2026	17/12/2024	19/12/2023	22/12/2022	26/01/2022	30/12/2020
General meeting	31/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/12/2025	28/01/2026	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	17/12/2024	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	19/12/2023	Dutch	PDF
Micro model	30/06/2022	02/12/2022	22/12/2022	Dutch	PDF
Micro model	30/06/2021	03/12/2021	26/01/2022	Dutch	PDF
Micro model	30/06/2020	04/12/2020	30/12/2020	Dutch	PDF
Micro model	30/06/2019	06/12/2019	06/12/2019	Dutch	PDF
Micro model	30/06/2018	07/12/2018	19/12/2018	Dutch	PDF
Micro model	30/06/2017	01/12/2017	26/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	21/12/2015	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	19/02/2015	Dutch	PDF
Abridged model	30/06/2013	20/12/2013	16/01/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 15 ended

Active mandates

Alvergreen

Director · since 01 janvier 2024 · 1003.566.156

Represented by Tom LISSENS

Active

Kevin Haelterman

Director · since 15 décembre 2023

Active

Ended mandates

Kevin Haelterman

Director · since 12 novembre 2011

Ended

Kevin Haelterman

Manager · since 12 novembre 2011

Ended

Tom Lissens

Director · since 12 novembre 2011

Ended

Tom Lissens

Manager · since 12 novembre 2011

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/05/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/10/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other26/09/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025838,7 k €↑
2024
Annual accounts 2024446,6 k €↑
2023
Annual accounts 2023311,5 k €↑
2022
Annual accounts 2022180,9 k €↑
2018
Annual accounts 201857,9 k €↑
2017
Annual accounts 201745,4 k €↑
2016
Annual accounts 201642,2 k €↑
2015
Annual accounts 20151,8 k €↓
2014
Annual accounts 201415 k €↑
2013
Annual accounts 2013-377,9 €
12/09/2011
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LUGUS STUDIOS

Overview

What does LUGUS STUDIOS do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline