ILLUMINART
ActiveILLUMINART has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €105k and a net result of €-4k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-78
Solvency80▼-18
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 2.54 in 2023), and 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46%
Return on assets
-1.6%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
29 d late
2022
29 d late
2021
31 d late
2020
26 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€105k▼ 16.1%
2023 · €125k
2018: €77k
2019: €93k
2020: €109k
2021: €109k
2022: €106k
2023: €125k
2018 → 2024
Total assets
€228k▲ 3.5%
2023 · €220k
2018: €148k
2019: €154k
2020: €153k
2021: €180k
2022: €142k
2023: €220k
2018 → 2024
Net result
€-4k
2023 · €19k
2018: €36k
2019: €16k
2020: €16k
2021: €26k
2022: €-3k
2023: €19k
2018 → 2024
Working capital
€23k▼ 55.6%
2023 · €52k
2018: €49k
2019: €63k
2020: €78k
2021: €81k
2022: €65k
2023: €52k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€109k▼ 0.2%€106k▼ 2.7%€125k▲ 18.4%€105k▼ 16.1%
Operating result€25k-€39k▲ 56.7%€-84€30k€7k▼ 77.3%
Net result€16k-€26k▲ 57.2%€-3k€19k€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228k
Fixed assets
€158k▲ 16.6%
Current assets
€70k▼ 17.4%
Equity and liabilities €228k
Equity
€105k▼ 16.1%
Debt
€123k▲ 29.2%
The debt ratio rises from 43.2% to 54.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€39k▼
2023 · €45k
Cash flow
€28k▼
2023 · €34k
Solvency
46.0%▼
2023 · 56.8%
Current ratio
1.48▼
2023 · 2.54
Quick ratio
1.48▼
2023 · 2.54
Debt / equity
1.17▲
2023 · 0.76
ROE
-3.4%▼
2023 · 15.6%
ROA
-1.6%▼
2023 · 8.8%
Interest coverage
8.15▼
2023 · 24.15
Debt
€123k▲
2023 · €95k
Debt ≤ 1 year
€47k▲
2023 · €34k
Debt > 1 year
€76k▲
2023 · €62k
Income taxes
€6k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€220k€228k▲
Fixed assets21/28€135k€158k▲
Tangible fixed assets22/27€135k€158k▲
Land and buildings22€37k€34k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€91k€119k▲
Financial fixed assets28€10€10=
Current assets29/58€85k€70k▼
Amounts receivable within one year40/41€13k€9k▼
Trade receivables40€4k€0▼
Other amounts receivable41€9k€9k▲
Cash at bank and in hand54/58€54k€45k▼
Deferred charges and accrued income490/1€19k€16k▼
Equity and liabilities
Total equity and liabilities10/49€220k€228k▲
Equity10/15€125k€105k▼
Contributions10/11€6k€6k=
Reserves13€119k€99k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€36k€0▼
Distributable reserves133€83k€99k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€95k€123k▲
Amounts payable after more than one year17€62k€76k▲
Financial debts170/4€62k€76k▲
Amounts payable within one year42/48€34k€47k▲
Current portion of amounts payable after more than one year42€17k€24k▲
Financial debts43€188€15▼
Credit institutions430/8€188€15▼
Other loans439€0-
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€0€17k▲
Income statement
Code20232024
Non-recurring operating income76A€17k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€32k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€46k€43k▼
Operating profit (loss)9901€30k€7k▼
Financial income75/76B€215€412▲
Recurring financial income75€215€412▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€28k€2k▼
Income taxes67/77€9k€6k▼
Profit (loss) for the period9904€19k€-4k▼
Transfer from tax-exempt reserves789-€36k
Profit (loss) for the period to be appropriated9905€19k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€32k▲
Profit (loss) brought forward from the previous period14P€-3k€0▲
Transfer from equity791/2€0€17k▲
Transfer to equity691/2€17k€32k▲
To other reserves6921€17k€32k▲
Profit to be distributed694/7€0€17k▲
Return on contributions (dividend)694€0€17k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k ▼118%
Net result drops to €-4k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €100kEq €109k ▲17.7%
3 profitable years in a row build equity to €109k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Duivendam(BEV) 209120 Beveren-Kruibeke-ZwijndrechtGround area
317 m²
Building footprint
89 m²
Volume, LiDAR
567 m³
Parcel 46503C0786/00R000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Duivendam(BEV) 20, 9120 Beveren-Kruibeke-Zwijndrecht
since 20022.100.505.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0786/00R000 | Flanders | 317 m² | 1 · 89 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,703 EUR awarded · 1,703 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,703 EUR | 1,703 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
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Thomas
BE 0402.437.459
Kapellen · Eq €107k
DBC
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Peer · Eq €107k
VAN LANGEVELD
BE 0445.916.918
Aalter · Eq €108k
Of 971 companies in sector 46431 we hold annual accounts for 700. 485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2001
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
52450
71403
77222Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.