ACTIVE

LUSTER

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-55,6 k €

-279.1% YoY

Gross margin

100,4 k €

-50.4% YoY

Equity

190,6 k €

-22.6% YoY

Workforce

1,9 ETP

-29.6% YoY

What does LUSTER do?

LUSTER is a Public limited company incorporated in 2004. Its main activity is: Book publishing. Its registered office is in Antwerpen. It employs on average 1,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.794.770

Incorporation

16/08/2004

Legal form

Public limited company

Registered office

Berkenlaan 21
2610 Antwerpen · FlandreSee on map

Contributed capital

1 962 000,00 €

Latest accounts

31/12/2025

Average workforce

1,9 ETP

Activities (NACE)

58110Book publishing· main 58110Book publishing 58130Publishing of newspapers 58140Publishing of journals and periodicals

Joint committees (1)

Signals

Good liquidityHealthy social debts

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	100,4 k €	-50.4%	202,5 k €	-14.6%	237,1 k €	+45.6%	162,9 k €	-12.9%	186,9 k €	+40.1%	133,4 k €	-51.4%	274,8 k €	+26.4%	217,4 k €	+44.0%	151 k €	-38.4%	245 k €	+282%	-134,9 k €	-95.9%	-68,8 k €	+27.4%	-94,8 k €	+13.4%	-109,4 k €	+29.2%	-154,6 k €	+5.6%	-163,8 k €	+32.0%	-241 k €	-1410%	-16 k €	+90.7%	-170,9 k €	-718%	27,7 k €
EBITDA	-51,3 k €	-211%	46,1 k €	+144%	18,9 k €	+174%	-25,4 k €	-177%	32,8 k €	+120%	-165,7 k €	-1020%	18 k €	-55.7%	40,7 k €	+29.0%	31,5 k €	+82.2%	17,3 k €	+105%	-361,6 k €	-31.1%	-275,7 k €	-31.0%	-210,5 k €	-3.6%	-203,1 k €	+17.4%	-245,8 k €	+13.4%	-283,9 k €	-2.6%	-276,7 k €	-71.0%	-161,8 k €	+6.7%	-173,3 k €	-3667%	-4,6 k €
Operating result	-52,6 k €	-255%	33,9 k €	+517%	5,5 k €	+114%	-39,8 k €	-1060%	4,1 k €	+102%	-195,9 k €	-621%	-27,2 k €	-317%	12,5 k €	+3.9%	12,1 k €	+46.0%	8,3 k €	+102%	-377,5 k €	-27.0%	-297,3 k €	-19.1%	-249,5 k €	-4.1%	-239,7 k €	+16.2%	-285,9 k €	+11.6%	-323,5 k €	-10.5%	-292,8 k €	-80.0%	-162,6 k €	+11.8%	-184,4 k €	-1016%	-16,5 k €
Net result	-55,6 k €	-279%	31 k €	+1343%	2,2 k €	+105%	-41,8 k €	-1356%	3,3 k €	+102%	-198,1 k €	-614%	-27,8 k €	-667%	4,9 k €	-12.4%	5,6 k €	-2.9%	5,8 k €	+626%	792,2 €	+101%	-106,2 k €	+57.2%	-248,2 k €	-2.7%	-241,7 k €	+16.0%	-287,7 k €	+12.1%	-327,2 k €	-10.9%	-295 k €	-13683%	-2,1 k €	-100%	30 M €	+163995%	-18,3 k €
Balance sheet
Equity	190,6 k €	-22.6%	246,2 k €	+14.4%	215,2 k €	+1.0%	213 k €	-16.4%	254,8 k €	+1.3%	251,5 k €	-44.1%	449,6 k €	-5.8%	477,4 k €	+1.0%	472,5 k €	+1.2%	466,9 k €	+1.2%	461,1 k €	+0.2%	460,3 k €	+57.9%	291,6 k €	+160%	-485,2 k €	-99.2%	-243,6 k €	-651%	44,2 k €	-88.1%	371,4 k €	+460%	66,4 k €	-3.1%	68,5 k €	-63.6%	188,3 k €
Total assets	1,2 M €	-17.8%	1,5 M €	+25.0%	1,2 M €	+6.7%	1,1 M €	+0.3%	1,1 M €	+25.2%	874,5 k €	-24.1%	1,2 M €	+10.5%	1 M €	+5.9%	985,4 k €	+10.0%	895,5 k €	+15.2%	777,6 k €	+19.1%	652,8 k €	+14.1%	572,3 k €	+6.6%	536,8 k €	+12.9%	475,6 k €	-8.5%	519,8 k €	-12.5%	594,3 k €	+132%	255,8 k €	-99.1%	29,8 M €	+13870%	213,1 k €
Cash	25 k €	-4.3%	26,1 k €	-22.6%	33,8 k €	+15.8%	29,2 k €	-55.4%	65,3 k €	+243%	19 k €	-66.8%	57,4 k €	+174%	20,9 k €	-30.6%	30,2 k €	-4.8%	31,7 k €	+298%	8 k €	-38.7%	13 k €	-57.4%	30,5 k €	-43.1%	53,6 k €	+47.4%	36,3 k €	-66.6%	108,8 k €	-67.0%	329,8 k €	+121%	149,3 k €	+23.4%	121 k €	+132%	52,1 k €
Debts	1 M €	-16.9%	1,2 M €	+27.4%	957,5 k €	+8.1%	885,8 k €	+5.4%	840,3 k €	+34.9%	623,1 k €	-11.3%	702,8 k €	+24.2%	565,8 k €	+10.3%	512,9 k €	+19.7%	428,6 k €	+35.4%	316,4 k €	+64.4%	192,5 k €	-31.4%	280,7 k €	-72.4%	1 M €	+42.4%	714,2 k €	+50.2%	475,6 k €	+113%	222,9 k €	+17.7%	189,4 k €	-99.4%	29,7 M €	+130451%	22,8 k €
Other
Workforce	1,9 ETP	-29.6%	2,7 ETP	-18.2%	3,3 ETP	0.0%	3,3 ETP	+22.2%	2,7 ETP	-40.0%	4,5 ETP	+9.8%	4,1 ETP	+57.7%	2,6 ETP	+52.9%	1,7 ETP	-22.7%	2,2 ETP	-15.4%	2,6 ETP	+4.0%	2,5 ETP	+19.0%	2,1 ETP	+23.5%	1,7 ETP	-5.6%	1,8 ETP	-10.0%	2,0 ETP	+186%	0,7 ETP	+600%	0,1 ETP		–		0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Luc Didden

Bestuurder · since 23 juillet 2004 · until 09 mai 2028 · 0864.522.396

Represented by LUC DIDDEN

Active

MARC VERHAGEN

Bestuurder · since 23 juillet 2004 · until 09 mai 2028

Active

Ended mandates

Luc Didden

Director · since 12 mai 2010 · until 10 mai 2016 · 0864.522.396

Represented by Luc Didden

Ended

Marc Verhagen

Managing director · since 12 mai 2010 · until 10 mai 2016

Ended

Luc Didden

Director · since 11 mai 2010 · until 03 mai 2016 · 0864.522.396

Represented by Luc Didden

Ended

Luc Didden

Bestuurder · since 11 mai 2010 · until 09 mai 2028 · 0864.522.396

Represented by Luc Didden

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	16/07/2025	28/08/2024	25/07/2023	17/08/2022	19/07/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/05/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	09/05/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	10/05/2022	17/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/05/2020	14/08/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	18/05/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	27/08/2016	Dutch	PDF
Abridged model	31/12/2014	12/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	12/05/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	22/02/2008	25/04/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 2 active · 15 ended

Active mandates

Luc Didden

Bestuurder · since 23 juillet 2004 · until 09 mai 2028 · 0864.522.396

Represented by LUC DIDDEN

Active

MARC VERHAGEN

Bestuurder · since 23 juillet 2004 · until 09 mai 2028

Active

Ended mandates

Luc Didden

Director · since 12 mai 2010 · until 10 mai 2016 · 0864.522.396

Represented by Luc Didden

Ended

Marc Verhagen

Managing director · since 12 mai 2010 · until 10 mai 2016

Ended

Luc Didden

Director · since 11 mai 2010 · until 03 mai 2016 · 0864.522.396

Represented by Luc Didden

Ended

Luc Didden

Bestuurder · since 11 mai 2010 · until 09 mai 2028 · 0864.522.396

Represented by Luc Didden

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/12/2013
KAPITAAL - AANDELEN
PDF
Mandates12/01/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/07/2009
Wijziging maatschappelijke zetel
PDF
Capital / shares19/08/2008
NAAMSWIJZIGING - OMZETTING V/H AANDELEN AAN TOONDER IN
PDF
Other24/08/2004
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 2025-55,6 k €↓
2024
Annual accounts 202431 k €↑
2023
Annual accounts 20232,2 k €↑
2022
Annual accounts 2022-41,8 k €↓
2021
Annual accounts 20213,3 k €↑
2020
Annual accounts 2020-198,1 k €↓
2019
Annual accounts 2019-27,8 k €↓
2018
Annual accounts 20184,9 k €↓
2017
Annual accounts 20175,6 k €↓
2016
Annual accounts 20165,8 k €↑
2015
Annual accounts 2015792,2 €↑
2014
Annual accounts 2014-106,2 k €↑
2013
Annual accounts 2013-248,2 k €↓
2012
Annual accounts 2012-241,7 k €↑
2011
Annual accounts 2011-287,7 k €↑
2010
Annual accounts 2010-327,2 k €↓
2009
Annual accounts 2009-295 k €↓
2008
Annual accounts 2008-2,1 k €↓
2008
Name changeLuster
2007
Annual accounts 200730 M €↑
2006
Annual accounts 2006-18,3 k €
2006
Name changeROSY
16/08/2004
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

LUSTER

Overview

What does LUSTER do?

Trend over 20 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