ACTIVE

LUSH

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

-97,6 €

-100.0% YoY

Revenue

5,9 M €

-5.9% YoY

Equity

1,4 M €

-0.0% YoY

Workforce

49,3 ETP

+3.6% YoY

What does LUSH do?

LUSH is a Public limited company incorporated in 2004. Its main activity is: Retail sale of cosmetic and toilet articles in specialised stores. Its registered office is in Bruxelles. It employs on average 49,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.742.519

Incorporation

10/06/2004

Legal form

Public limited company

Registered office

Rue Neuve 22
1000 Bruxelles · BruxellesSee on map

Contributed capital

1 312 000,00 €

Latest accounts

30/06/2025

Average workforce

49,3 ETP

Activities (NACE)

47750Retail sale of cosmetic and toilet articles in specialised stores· main 47750Retail sale of cosmetic and toilet articles in specialised stores 52330Warehousing and support activities for transportation 46450Wholesale of perfume and cosmetics 46450Wholesale of perfume and cosmetics 51450Air transport

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	5,9 M €	-5.9%	6,3 M €	+4.9%	6 M €	+12.5%	5,3 M €	+22.4%	4,4 M €	-19.6%	5,4 M €	-17.4%	6,6 M €	+9.3%	6 M €	+12.5%	5,3 M €	+15.0%	4,6 M €	+28.6%	3,6 M €		–		–		–		–		–		–		–		–
EBITDA	222,3 k €	-74.7%	880,1 k €	+99.2%	441,8 k €	+13.4%	389,7 k €	+422%	-121,1 k €	-641%	-16,3 k €	-104%	418,2 k €	+17.1%	357,3 k €	-51.8%	741,1 k €	+19.5%	620,2 k €	-4.7%	651 k €	+5046%	12,7 k €	+133%	-38,7 k €	-224%	31,1 k €	-58.9%	75,6 k €	+80.7%	41,8 k €	+126%	-158 k €	-51.1%	-104,5 k €	-46.0%	-71,6 k €
Operating result	61,9 k €	-91.1%	696,3 k €	+223%	215,4 k €	+33.6%	161,3 k €	+145%	-358,5 k €	-13.0%	-317,2 k €	-327%	139,8 k €	-1.6%	142,1 k €	-77.5%	631,2 k €	+31.8%	479 k €	-7.7%	518,7 k €	+338%	-218,3 k €	-48.5%	-147 k €	-145%	-59,9 k €	-1865%	-3,1 k €	+92.3%	-39,8 k €	+81.9%	-219,2 k €	-46.2%	-149,9 k €	-49.9%	-100 k €
Net result	-97,6 €	-100%	539,5 k €	+247%	155,5 k €	+73.5%	89,6 k €	+122%	-411,4 k €	-7.2%	-383,6 k €	-4614%	-8,1 k €	-133%	24,7 k €	-94.9%	485,5 k €	+3.1%	471,1 k €	+17.4%	401,3 k €	+241%	-284,9 k €	-47.2%	-193,5 k €	-58.3%	-122,2 k €	-147%	-49,6 k €	+7.2%	-53,4 k €	+78.0%	-243,3 k €	-100%	-121,4 k €	-13.2%	-107,3 k €
Balance sheet
Equity	1,4 M €	-0.0%	1,4 M €	+60.2%	895,4 k €	+21.0%	740 k €	+13.8%	650,3 k €	-38.7%	1,1 M €	-26.5%	1,4 M €	-0.6%	1,5 M €	+1.7%	1,4 M €	+51.5%	943,3 k €	+99.7%	472,2 k €	+566%	70,9 k €	+108%	-894,2 k €	-27.6%	-700,6 k €	-21.1%	-578,4 k €	-9.4%	-528,8 k €	-11.2%	-475,4 k €	-105%	-232,2 k €	-110%	-110,8 k €
Total assets	2,6 M €	+0.6%	2,5 M €	+29.5%	2 M €	-12.2%	2,2 M €	-1.8%	2,3 M €	-14.2%	2,7 M €	-18.3%	3,3 M €	+25.7%	2,6 M €	+24.6%	2,1 M €	+44.7%	1,4 M €	+19.9%	1,2 M €	+38.8%	862,2 k €	+4.9%	822,1 k €	+11.5%	737,1 k €	+20.3%	612,6 k €	-8.2%	667,6 k €	+8.9%	613,2 k €	+27.5%	480,8 k €	+207%	156,9 k €
Cash	158 k €	-43.8%	281 k €	+76.0%	159,7 k €	-30.3%	229 k €	-26.6%	312,1 k €	-45.8%	575,5 k €	+95.6%	294,1 k €	-32.8%	437,9 k €	-23.9%	575,4 k €	-7.3%	620,5 k €	+90.1%	326,4 k €	+64.9%	197,9 k €	+66.8%	118,6 k €	-23.4%	154,8 k €	-26.8%	211,6 k €	+13.6%	186,2 k €	+30.6%	142,6 k €	+10.0%	129,6 k €	+77.6%	73 k €
Debts	808,9 k €	-5.0%	851,2 k €	+20.3%	707,7 k €	-37.1%	1,1 M €	-9.8%	1,2 M €	+6.9%	1,2 M €	-19.5%	1,4 M €	+58.5%	914,8 k €	+101%	455,1 k €	-1.1%	460,1 k €	-34.6%	703,5 k €	-8.5%	768,8 k €	-54.4%	1,7 M €	+21.4%	1,4 M €	+18.8%	1,2 M €	+0.8%	1,2 M €	+7.7%	1,1 M €	+52.4%	706,8 k €	+169%	263,2 k €
Other
Workforce	49,3 ETP	+3.6%	47,6 ETP	-5.2%	50,2 ETP	+3.5%	48,5 ETP	+6.4%	45,6 ETP	-22.4%	58,8 ETP	-9.7%	65,1 ETP	+1.6%	64,1 ETP	+46.7%	43,7 ETP	+24.5%	35,1 ETP	+33.5%	26,3 ETP	+38.4%	19,0 ETP	-17.4%	23,0 ETP	+71.6%	13,4 ETP	+34.0%	10,0 ETP	-24.8%	13,3 ETP	+37.1%	9,7 ETP	+86.5%	5,2 ETP	+85.7%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 20 ended

Active mandates

Paul Wheatley

Director · since 05 janvier 2021 · until 10 mars 2031

Active

Lush Limited BO

Director · since 11 décembre 2019 · until 10 mars 2031

Represented by Karl Bygrave

Active

Mark Constantine

Managing director · since 11 décembre 2019 · until 10 mars 2031

Active

Ended mandates

LUSH LIMITED NV

Director · since 11 décembre 2019 · until 17 décembre 2025

Ended

MARK CONSTANTINE

Director · since 11 décembre 2019 · until 17 décembre 2025

Ended

MARK CONSTANTINE

Managing director · since 11 décembre 2019 · until 17 décembre 2025

Ended

PAUL WHEATLEY

Director · since 11 décembre 2019 · until 17 décembre 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/04/2026	18/09/2025	02/10/2024	02/10/2024	02/10/2024	01/03/2022
General meeting	27/04/2026	30/06/2025	26/09/2024	26/09/2024	26/09/2024	06/01/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	27/04/2026	30/04/2026	Dutch	PDF
Full model	30/06/2024	30/06/2025	18/09/2025	Dutch	PDF
Full model	30/06/2023	26/09/2024	02/10/2024	Dutch	PDF
Full model	30/06/2022	26/09/2024	02/10/2024	Dutch	PDF
Full model	30/06/2021	26/09/2024	02/10/2024	Dutch	PDF
Full model	30/06/2020	06/01/2021	01/03/2022	Dutch	PDF
Full model	30/06/2019	08/01/2020	03/02/2020	Dutch	PDF
Full model	30/06/2018	19/12/2018	22/01/2019	Dutch	PDF
Full model	30/06/2017	20/12/2017	03/01/2018	Dutch	PDF
Full model	30/06/2016	21/12/2016	30/12/2016	Dutch	PDF
Full model	30/06/2015	27/01/2016	28/01/2016	Dutch	PDF
Abridged model	30/06/2014	17/12/2014	29/12/2014	Dutch	PDF
Abridged model	30/06/2013	18/12/2013	23/12/2013	Dutch	PDF
Abridged model	30/06/2012	19/12/2012	21/12/2012	Dutch	PDF
Abridged model	30/06/2011	21/12/2011	29/12/2011	Dutch	PDF
Abridged model	30/06/2010	15/12/2010	04/01/2011	Dutch	PDF
Abridged model	30/06/2009	16/12/2009	29/12/2009	Dutch	PDF
Abridged model	30/06/2008	17/12/2008	05/01/2009	Dutch	PDF
Abridged model	30/06/2007	19/12/2007	21/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 20 ended

Active mandates

Paul Wheatley

Director · since 05 janvier 2021 · until 10 mars 2031

Active

Lush Limited BO

Director · since 11 décembre 2019 · until 10 mars 2031

Represented by Karl Bygrave

Active

Mark Constantine

Managing director · since 11 décembre 2019 · until 10 mars 2031

Active

Ended mandates

LUSH LIMITED NV

Director · since 11 décembre 2019 · until 17 décembre 2025

Ended

MARK CONSTANTINE

Director · since 11 décembre 2019 · until 17 décembre 2025

Ended

MARK CONSTANTINE

Managing director · since 11 décembre 2019 · until 17 décembre 2025

Ended

PAUL WHEATLEY

Director · since 11 décembre 2019 · until 17 décembre 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/03/2025
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2023
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates23/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2019
DEMISSIONS, NOMINATIONS
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 2025-97,6 €↓
2024
Annual accounts 2024539,5 k €↑
2023
Annual accounts 2023155,5 k €↑
2022
Annual accounts 202289,6 k €↑
2021
Annual accounts 2021-411,4 k €↓
2020
Annual accounts 2020-383,6 k €↓
2019
Annual accounts 2019-8,1 k €↓
2018
Annual accounts 201824,7 k €↓
2017
Annual accounts 2017485,5 k €↑
2016
Annual accounts 2016471,1 k €↑
2015
Annual accounts 2015401,3 k €↑
2014
Annual accounts 2014-284,9 k €↓
2013
Annual accounts 2013-193,5 k €↓
2012
Annual accounts 2012-122,2 k €↓
2011
Annual accounts 2011-49,6 k €↑
2010
Annual accounts 2010-53,4 k €↑
2009
Annual accounts 2009-243,3 k €↓
2008
Annual accounts 2008-121,4 k €↓
2007
Annual accounts 2007-107,3 k €
10/06/2004
IncorporationPublic 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

LUSH

Overview

What does LUSH do?

Trend over 19 financial years

Indicative valuation

Board of directors

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