| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -0.4% | +1.0% | -1.0% |
| 20D | 5Developing evidence | 100.0% (5/5) | 80.0% (4/5) | +2.1% | +1.8% | -7.4% |
| 60D | 5Developing evidence | 100.0% (5/5) | 80.0% (4/5) | +3.6% | +3.1% | -7.2% |
| 120D | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -5.2% | -0.3% | -16.9% |
COMPANY RESEARCH
LOTUS BAKERIES
LOTB.BR · Belgium · Consumer Defensive · Packaged Foods
INSIDER SIGNAL
12 insiders · 13 purchase events · €881k net purchases
Europe #150 · Belgium #5
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
How many distinct insiders bought in the cluster
Purchase value relative to company size and liquidity
The seniority and relevance of participating insiders
How recently the purchases occurred
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Purchase activity is becoming less recent
- ⚠ Buying conviction is reduced by concurrent selling
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · ? involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
Largest buyer:STEPHENSON · 1.33m EUR
Gross qualified purchase transaction-line value:2.88m EUR
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| BENOIT GRAULICH | 0 EUR | Jun 29, 2026 |
| Beneconsult | 0 EUR | Jun 29, 2026 |
| STEPHENSON | 10240 EUR | Apr 29, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 8 distinct reported filers
- Peak time window
- 2026-06-29 to 2026-06-29
- Current breadth input
- 1.000 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
BENOIT GRAULICH · 0 EUR · Price 0 EUR · Jun 29, 2026 - 🟢 Eligible purchase
Beneconsult · 0 EUR · Price 0 EUR · Jun 29, 2026 - 🟢 PDMR purchase
STEPHENSON · 1.33m EUR · Price 10240 EUR · Apr 29, 2026 - 🟡 10 remaining qualified transaction line(s) across 10 disclosure(s)
- 🔴 2 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price
Insider vs stock price
4 purchase day(s), 13 purchase line(s) in the 180-day window. 1 sale day(s), 2 sale line(s).
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-04-24 | 2 | 1,275 +27.5% | too few peers | — |
| 2026-05-06 | 2 | 1,192 +19.2% | too few peers | — |
| 2026-07-02 | 1 | 1,102 +10.2% | too few peers | — |
| 2026-07-03 | 8 | 1,087 +8.7% | too few peers | — |
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (0 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
8 insiders bought on the same day, 29 Jun: 8 Role not classified. The share closed at 11,520.00 that day and at 12,800.00 most recently (+11.1%). That week 192 companies across Europe disclosed insider purchases, an ordinary week (10 of the last 26). 2 of the buyers also disclosed a sale in the window.
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount. A filing that states no amount gets the smallest dot.
×A sale
A cross is one insider's sales on one day. People sell to pay tax, to cash in share awards or to hold less of one company, so a sale says less than a purchase does. When someone bought and sold on the same day, the cross sits beside the dot. The totals are under “Purchases against sales” below.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 29 Jun, with 8 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, +28.8% over these six months
The closing price of each day, from 9,940.00 on 2026-04-21 to 12,800.00 on 2026-10-14. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −10.5%
Taken from the 31 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +28.8%, the typical one −10.5%, 39.2 points ahead. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 192 companies, number 10 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
2 more insiders traded in the window and are not drawn.
This company: insiders buying per month, last 12 months
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Boone Jan Marcel M | Role not classified | 1 | 1 | 587.2k EUR | 2026-04-22 | +28.0% | fewer than 5 completed |
| Maes Isabelle | Role not classified | 1 | 1 | 293.6k EUR | 2026-04-22 | +28.0% | fewer than 5 completed |
| STEPHENSON | Role not classified | 2 | — | 1.3M EUR | 2026-04-29 | +26.2% | fewer than 5 completed |
| Valseba | Role not classified | 1 | — | 665.6k EUR | 2026-04-29 | +26.2% | fewer than 5 completed |
| CONCELLENT | Role not classified | 1 | — | — | 2026-06-01 | +17.9% | fewer than 5 completed |
| Beneconsult | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
| BENOIT GRAULICH | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
| LEMA | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
| PALUMI | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
| PMF | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
| Stevens Anton | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
| VASTICOM | Role not classified | 1 | — | — | 2026-06-29 | +11.1% | fewer than 5 completed |
Purchases against sales
Shares of the NUMBER of transactions in the 180-day window: a reported value is missing for 9 line(s), or the lines are in more than one currency, so values cannot be added up. Sales include disposals for tax, at option exercise or under a pre-set plan, which say little about an insider's view. The split describes what was disclosed; it is not a signal.
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 1.000 | 35.0 |
| Qualified-buy size | 25% | 0.887 | 22.2 |
| Role informativeness (inverted) | 20% | 0.146; source unavailable, filled with a cohort-neutral value | 2.9 |
| Recency | 10% | 0.000 | 0.0 |
| Buy/sell conviction | 10% | 0.590 | 5.9 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-10-13, neither column has changed. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (several insiders together, more buyers than usual here); share price and trading, short sellers, company results were checked and none crosses a bear threshold. No data is held for: company actions.
- The insider purchases themselvesBullseveral insiders together, more buyers than usual here Bearinsiders also sold, small purchases, latest purchase is old2 checked, under the threshold · 3 missing
- Share price and trading3 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results1 checked, under the threshold · 1 missing
- Company actionsno data held
Bull case · the buying is informative
- 8 insiders bought on the same day (2026-06-29). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,401 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
- 12 insiders bought in the last 180 days against 6 in the 180 days before: more than this company's own recent norm.Record: after 3,134 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
Bear case · discount it
- Insiders also sold €2.0M in the same 180 days, 69% of the amount bought.
- Net purchases of €881k are <0.01% of the company's market value (€10.1bn): a visible sum, a small one against the business.
- The latest purchase was 110 days ago (2026-06-29). A reporting period has passed since, so what the buyers knew then may already be public.
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- Only one reading of profitability is held (profit margin 13%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 13 purchase lines mentions a plan, but a bare “Purchase / Acquisition” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 7
- BearThe largest buyer accounts for 46% of the value bought. Counted for the bear side from 80%.
- Bear0 of 12 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearThe share price changed +28% over six months (three months +15%, one month +5.4%) and stands 3.0% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed +15% and the median of 120 Consumer Defensive companies changed −0.78%: ahead by 16 points. Counted for the bear side from 20 points behind.
- BearPublished net short positions total 0.59% of the share capital across 1 named holder. Counted for the bear side from 2%.
- BearProfit margin on the latest captured figures is 13%. Counted for the bear side when negative.
- BearAbout €7.8M of the stock changes hands on an average day. Counted for the bear side below €500k.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
Latest recorded score
- Recorded snapshots
- 22
- First snapshot
- 2026-09-14
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Purchase size-0.5 pts
- Recency-0.1 pts
- Conviction-0.2 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 66.7
- 66.8
- 66.7
- 66.0
- 66.0
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-09-14 | 66.7 |
| 2026-09-23 | 66.7 |
| 2026-09-24 | 66.7 |
| 2026-09-25 | 66.7 |
| 2026-09-28 | 66.7 |
| 2026-09-29 | 66.8 |
| 2026-09-30 | 66.8 |
| 2026-10-01 | 66.7 |
| 2026-10-02 | 66.7 |
| 2026-10-03 | 66.7 |
| 2026-10-04 | 66.7 |
| 2026-10-05 | 66.7 |
| 2026-10-06 | 66.7 |
| 2026-10-07 | 66.0 |
| 2026-10-08 | 66.0 |
| 2026-10-09 | 66.0 |
| 2026-10-12 | 66.0 |
| 2026-10-13 | 66.0 |
| 2026-10-14 | 66.0 |
| 2026-10-15 | 66.0 |
| 2026-10-16 | 66.0 |
| 2026-10-18 | 66.0 |
Sector context
- Buying breadth
- 11.6% (29 / 249 issuers)
- Sector rank
- #2 / 12
- 7D breadth change
- -1.2 pp · vs 2026-10-12 (6d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − BEL 20 return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -0.7% | +0.4% | -1.4% |
| 20D | 4Small sample | 100.0% (4/4) | 50.0% (2/4) | +2.0% | +1.0% | -9.2% |
| 60D | 4Small sample | 100.0% (4/4) | 75.0% (3/4) | +5.8% | +3.5% | -6.9% |
| 120D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | -1.2% | -1.2% | -22.4% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -1.0% | -0.7% | -1.3% |
| 20D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -3.2% | -0.4% | -9.2% |
| 60D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +7.5% | +10.5% | -6.9% |
| 120D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | +6.3% | +6.3% | -22.4% |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 26.0%
- Beta
- 0.61
- Avg daily volume
- €9.0M
VALUATION
- Market cap
- €10.1B
- P/E
- 52.9×
FUNDAMENTALS
- Profit margin
- 13.2%
- ROE
- 23.0%
- Industry
- Packaged Foods
Prices to 15 Oct 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 15 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
- Disclosed total
- 0.59%
- Named holders
- 1
- Latest position date
- 29 Sep 2026
| Holder | Net short, % of issued share capital | Position date |
|---|---|---|
| AQR CAPITAL MANAGEMENT, LLC | 0.59% | 29 Sep 2026 |
Only positions of 0.5% or more are published, so the total is a lower bound, not total short interest. A row with an old position date may be a disclosure that was never withdrawn. Source: FSMA · read 18 Oct 2026
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
Insiders paid 9,614.00 EUR a share on average (3 purchase lines, 3 buyers, 2025-12-04 – 2026-04-29). The close on 2026-10-14 was 33.1% above that price.
The latest purchase (2026-04-29) was at 10,240.00 EUR; the close was 25.0% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored. 17 more purchase lines could not be compared with the share price and are left out.
Buying size vs market trading
0.00% · of estimated traded value in the same period
2026-09-17 – 2026-10-14 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 0 EUR
- Estimated market traded value
- 155,904,420 EUR
Market-data coverage: 510 verified sessions · Latest session: 2026-10-14 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Jun 29 · BENOIT GRAULICH · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jun 29 · Beneconsult · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jun 29 · LEMA · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jun 29 · PALUMI · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jun 29 · PMF · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jun 29 · STEPHENSON · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Jun 29 · Stevens Anton · Member of administrative management or supervisory body— · —Some purchases lack a valid value; aggregate ratio withheld.
- Apr 29 · STEPHENSON · Senior executive1,331,200 EUR · 17.30%7,693,724 EUR ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
No news has been captured for this company.
Regulatory filings
The filing records held for this company carry no link to the original notice.
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
20 qualifying purchase disclosure(s) · 20 transaction line(s)
Unfold all 17 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-29 | 2026-07-03 | VASTICOM | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 0.00 EUR | EUR | 10 | — |
| 2026-06-29 | 2026-07-03 | LEMA | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 0.00 EUR | EUR | 4 | — |
| 2026-06-29 | 2026-07-03 | Beneconsult | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 0.00 EUR | EUR | 4 | — |
| 2026-06-29 | 2026-07-03 | PALUMI | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 0.00 EUR | EUR | 4 | — |
| 2026-06-29 | 2026-07-02 | STEPHENSON | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 0.00 EUR | EUR | 4 | — |
| 2026-06-01 | 2026-07-03 | CONCELLENT | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 0.00 EUR | EUR | 4 | — |
| 2026-04-29 | 2026-05-06 | Valseba | Senior executive | Purchase / Acquisition | Share | 10240.00 EUR | EUR | 65 | — |
| 2026-04-29 | 2026-05-06 | STEPHENSON | Senior executive | Purchase / Acquisition | Share | 10240.00 EUR | EUR | 130 | — |
| 2026-04-22 | 2026-04-24 | Boone Jan Marcel M | Senior executive | Purchase / Acquisition | Share | 4517.14 EUR | EUR | 130 | — |
| 2026-04-22 | 2026-04-24 | Maes Isabelle | Senior executive | Purchase / Acquisition | Share | 4517.14 EUR | EUR | 65 | — |
| 2026-04-09 | 2026-04-10 | Heyman Ignace | Senior executive | Purchase / Acquisition | Share | 4517.14 EUR | EUR | 65 | — |
| 2026-03-17 | 2026-03-19 | Van de Par John | Senior executive | Purchase / Acquisition | Share | 5114.50 EUR | EUR | 42 | — |
| 2026-02-16 | 2026-02-19 | Valseba | Senior executive | Purchase / Acquisition | Share | 0.00 EUR | EUR | 8 | — |
| 2026-02-16 | 2026-02-18 | HEYCOM | Senior executive | Purchase / Acquisition | Share | 0.00 EUR | EUR | 8 | — |
| 2026-02-16 | 2026-02-18 | Van de Par John | Senior executive | Purchase / Acquisition | Share | 0.00 EUR | EUR | 8 | — |
| 2026-02-16 | 2026-02-18 | STEPHENSON | Senior executive | Purchase / Acquisition | Share | 0.00 EUR | EUR | 16 | — |
| 2025-12-04 | 2025-12-08 | LEMA | Member of administrative management or supervisory body | Purchase / Acquisition | Share | 7706.64 EUR | EUR | 64 | — |
Showing 20 of 20 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
View 4 other transaction(s)
Unfold all 1 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-02-27 | 2026-03-04 | Cuvelier Mike | Senior executive | Sale / Disposal | Share | 10500.00 EUR | EUR | 43 | — |
Showing 4 of 4 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- LOTB.BR
- ISIN
- BE0003604155
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
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