Equity
€9.4m ▲ 34.5%
Luminus Solutions paid out €1.0m in dividends. That is 29% of the 2025 profit.
Luminus Solutions
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1995Turnoverpeak €73.1m (2025)
€73.1m▲ 13×
Resultlowest -€193,264 (2006)
€3.4m▲ 430%
Equitypeak €9.4m (2025)
€9.4m▲ 34.5%
Debts
€18.1m▲ 45.8%
Staffpeak 33.6 FTE (2025)
33.6 FTE▲ 25.4%
Board27 names since 2003all names
6 directorsMaes Geert and 5 others
Owners6 names in the annual accounts
51%Luminus and 1 other
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Turnover from €5.6m to €73.1mResult from €646,187 to €3.4mStaff from 26.8 FTE to 33.6 FTEPowers of attorney: Raoul Nihart, Ingrid Renson and 2 others 05-12Amendment of the articles 03-12Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) 25-09
Key points
from the 2025 annual accountsTurnover
€73.1m ▲ 13×
Turnover rose in 2025 from €5.6m to €73.1m.
Payment terms
75 days to suppliers
Luminus Solutions pays its suppliers 89 days earlier than in 2024. Customers pay 626 days earlier.
Filings
30 annual accounts since 1995
The 2018 accounts came 2 days late. The other nine of the last ten were filed on time.
At the same address
36 companies
Position in the sector
€3.4m
Higher net result than 95% of companies in architecture and engineering. Sector median €35,891 · 893 companies.
Checked score
90
Excellent
Financially stronger than 49% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 690 companies (NACE 71, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.2%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.24, cash €4,595
lowers risk
Size: turnover €73.1m, 33.6 FTE, total assets €28.3m
Founded in 1994
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 39% of them on solvency, 11% on liquidity, 53% on profitability and 93% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Luminus Solutions has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Luminus Solutions itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Luminus Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.24 (1.14 in 2024), below the usual 1.5. Short-term debt is 60.7% and cash 0% of total assets. 66.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
57 days early
2023
44 days early
2022
47 days early
2021
38 days early
2020
44 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 1 other
- Luminus 51%score 93equity €772.5m (2025) · 2025 annual accounts of Luminus
- EDF SA consolidatesannual accounts 2025
- ELECTRICITE DE FRANCE consolidatedLEI register
Shares in 3 companies, including Vanparijs Engineers Suisse SARL and V.M.I. Engineering and Contracting
Board & ownershipRecent changes
Amendment of the articles
Board meeting of 15-10-2025 · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Permanent representative: Axel Jorion · General meeting of 28-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454145981
Amendment of the articles
General meeting of 27-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| Luminus Solutions Saint-Josse-ten-Noode | €73.1m | 5.8% | 33.2% | 33.6 |
| AGRICONSULTING EUROPE Etterbeek | €30.4m | 14.8% | 25.6% | 26.4 |
| SCALDIS SALVAGE & MARINE CONTRACTORS Antwerp | €87.4m | 8.0% | 38.0% | 46.3 |
| KELLER LUFTTECHNIK BENELUX Waregem | €31.3m | 15.2% | 9.6% | 35.5 |
| Global Water & Energy Bruges | €29.4m | 6.3% | 8.3% | 28.4 |
| VEOLIA WATER TECHNOLOGIES BELGIUM Tienen | €19.9m | -0.3% | 5.5% | 23.9 |
| STANTEC La Hulpe | €26.3m | 6.5% | 38.3% | 66.1 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Luminus Solutions: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €22m and €33m, founded between 1985 and 2003.
Official details
Source: KBO- Status
- Active since 21-10-1994Normal situation
- Registered office
- 37 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment units
- 2.070.044.3363320 Hoegaarden, since 30-01-1995
- 2.262.715.4364030 Liège, since 01-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 18-10-2024
Annual accounts 2025
- Total assets
- €28.3m▲ 41.0%
- Employeeson 31-12-2025
- 34▼ 2.9%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Companies linked to Luminus Solutions
Parent and group
Subsidiaries and holdings
Insights on Luminus Solutions
Luminus Solutions has existed since 1994. The present size dates from 2025. Turnover rose that year from €5.6m to €73.1m and staff from 26.8 to 33.6 full-time equivalents.
Luminus holds 51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Luminus Solutions
- What is the company number of Luminus Solutions?
- The company number of Luminus Solutions is 0454.145.981. The VAT number is the same number with BE in front: BE 0454.145.981.
- Where is Luminus Solutions based?
- The registered office is at Koning Albert II-laan 7, 1210 Saint-Josse-ten-Noode.Company details
- What does Luminus Solutions do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Luminus Solutions?
- Luminus Solutions is a public limited company (NV).
- When was Luminus Solutions founded?
- Luminus Solutions was founded on 21-10-1994.
- Is Luminus Solutions still active?
- Yes, Luminus Solutions is an active enterprise in the KBO register.
- How many employees does Luminus Solutions have?
- Luminus Solutions had an average of 33.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Luminus Solutions fall under?
- In its 2021 annual accounts, Luminus Solutions states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Luminus Solutions?
- The turnover of Luminus Solutions was €73.1m in financial year 2025, according to the filed annual accounts.
- Is Luminus Solutions profitable?
- In financial year 2025, Luminus Solutions made a profit of €3.4m.
- Where can I find the annual accounts of Luminus Solutions?
- Luminus Solutions filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Luminus Solutions due?
- Luminus Solutions must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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