ILLUMINATO
ActiveSummary
The computed 12-month bankruptcy probability of ILLUMINATO is 2.0% (moderate). The 2025 annual accounts show equity of €2k and a net result of €-446. Equity is shrinking by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 11389 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-63
Solvency42▲+9
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.19 against 1.07 in 2024; short-term debt: 82.7% and cash: 4.9% of total assets), and 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
-4.9%
Age of the figures
9 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
12 d early
2022
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 22.1%
2024 · €2k
2022: €5khighest in 4 years
2023: €447▼ -91.2% vs 2022lowest in 4 years
2024: €2k▲ +352% vs 2023
2025: €2k▼ -22.1% vs 2024
2022 → 2025
Total assets
€9k▼ 62.2%
2024 · €24k
2022: €28khighest in 4 years
2023: €13k▼ -53.8% vs 2022
2024: €24k▲ +86.3% vs 2023
2025: €9k▼ -62.2% vs 2024lowest in 4 years
2022 → 2025
Net result
€-446
2024 · €2k
2022: €54
2023: €-5k▼ -8631% vs 2022lowest in 4 years
2024: €2k▲ +134% vs 2023highest in 4 years
2025: €-446▼ -128% vs 2024
2022 → 2025
Working capital
€1k▼ 4.5%
2024 · €2k
2022: €4khighest in 4 years
2023: €-449▼ -112% vs 2022lowest in 4 years
2024: €2k▲ +434% vs 2023
2025: €1k▼ -4.5% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€5k-€447▼ 91.2%€2k▲ 352%€2k▼ 22.1%
2022: €5khighest in 4 years
2023: €447▼ -91.2% vs 2022lowest in 4 years
2024: €2k▲ +352% vs 2023
2025: €2k▼ -22.1% vs 2024
Operating result€670-€-4k€2k€-356
2022: €670
2023: €-4k▼ -744% vs 2022lowest in 4 years
2024: €2k▲ +136% vs 2023highest in 4 years
2025: €-356▼ -123% vs 2024
Net result€54-€-5k€2k€-446
2022: €54
2023: €-5k▼ -8631% vs 2022lowest in 4 years
2024: €2k▲ +134% vs 2023highest in 4 years
2025: €-446▼ -128% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €356 after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €9k
Equity
€2k ▼ 22.1%
Debt
€8k ▼ 65.9%
Debt's share of the balance-sheet total falls from 91.6% to 82.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22▼
2024 · €2k
Cash flow
€-68▼
2024 · €2k
Current ratio
1.19▲
2024 · 1.07
Quick ratio
0.17▼
2024 · 0.55
Debt to equity
4.79▼
2024 · 10.94
ROE
-28.3%▼
2024 · 77.9%
ROA
-4.9%▼
2024 · 6.5%
Interest coverage
0.22▼
2024 · 19.63
Debt ≤ 1 year
€8k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€9k▼
Formation expenses20€519€142▼
Current assets29/58€24k€9k▼
Stocks and contracts in progress3€11k€8k▼
Stocks30/36€11k€8k▼
Amounts receivable within one year40/41€5k€500▼
Trade receivables40€5k€500▼
Cash at bank and in hand54/58€7k€449▼
Deferred charges and accrued income490/1€87€337▲
Equity and liabilities
Total equity and liabilities10/49€24k€9k▼
Equity10/15€2k€2k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-3k€-3k▼
Amounts payable17/49€22k€8k▼
Amounts payable within one year42/48€22k€8k▼
Trade debts44€1k€826▼
Suppliers440/4€1k€826▼
Taxes, remuneration and social security45€3k€708▼
Taxes450/3€3k€708▼
Other amounts payable47/48€18k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€377€377=
Other operating charges640/8€754€610▼
Gross operating margin9900€3k€631▼
Operating profit (loss)9901€2k€-356▼
Financial income75/76B€122€10▼
Recurring financial income75€122€10▼
Financial charges65/66B€98€100▲
Recurring financial charges65€98€100▲
Profit (loss) for the period before taxes9903€2k€-446▼
Profit (loss) for the period9904€2k€-446▼
Profit (loss) for the period to be appropriated9905€2k€-446▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-3k▼
Profit (loss) brought forward from the previous period14P€-5k€-3k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €613 | €377 | €377 | €377 | = |
| Other operating charges640/8 | €460 | €1k | €754 | €610 | ▼ 19.2% |
| Gross operating margin9900 | €2k | €-3k | €3k | €631 | ▼ 76.4% |
| Operating profit (loss)9901 | €670 | €-4k | €2k | €-356 | ▼ 123% |
| Financial income75/76B | €12 | €4 | €122 | €10 | ▼ 91.8% |
| Recurring financial income75 | €12 | €4 | €122 | €10 | ▼ 91.8% |
| Financial charges65/66B | €155 | €301 | €98 | €100 | ▲ 1.9% |
| Recurring financial charges65 | €155 | €301 | €98 | €100 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €527 | €-5k | €2k | €-446 | ▼ 128% |
| Income taxes67/77 | €473 | - | - | - | - |
| Profit (loss) for the period9904 | €54 | €-5k | €2k | €-446 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €54 | €-5k | €2k | €-446 | ▼ 128% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28k | €13k | €24k | €9k | ▼ 62.2% |
| Formation expenses20 | €1k | €896 | €519 | €142 | ▼ 72.7% |
| Current assets29/58 | €27k | €12k | €24k | €9k | ▼ 62.0% |
| Stocks and contracts in progress3 | €13k | €9k | €11k | €8k | ▼ 32.4% |
| Stocks30/36 | €13k | €9k | €11k | €8k | ▼ 32.4% |
| Amounts receivable within one year40/41 | €2k | €3k | €5k | €500 | ▼ 90.3% |
| Trade receivables40 | €2k | €3k | €5k | €500 | ▼ 90.3% |
| Cash at bank and in hand54/58 | €12k | €399 | €7k | €449 | ▼ 93.6% |
| Deferred charges and accrued income490/1 | €79 | €85 | €87 | €337 | ▲ 285% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28k | €13k | €24k | €9k | ▼ 62.2% |
| Equity10/15 | €5k | €447 | €2k | €2k | ▼ 22.1% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €54 | €-5k | €-3k | €-3k | ▼ 15.0% |
| Amounts payable17/49 | €23k | €12k | €22k | €8k | ▼ 65.9% |
| Amounts payable within one year42/48 | €23k | €12k | €22k | €8k | ▼ 65.9% |
| Trade debts44 | - | - | €1k | €826 | ▼ 29.3% |
| Suppliers440/4 | - | - | €1k | €826 | ▼ 29.3% |
| Taxes, remuneration and social security45 | €3k | €2k | €3k | €708 | ▼ 75.9% |
| Taxes450/3 | €3k | €2k | €3k | €708 | ▼ 75.9% |
| Other amounts payable47/48 | €20k | €10k | €18k | €6k | ▼ 66.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54 | €-5k | €2k | €-446 | ▼ 128% |
| + Depreciation and write-downs630 | €613 | €377 | €377 | €377 | = |
| Operating cash flow (approximation) | €667 | €-4k | €2k | €-68 | ▼ 104% |
| Change in cash | - | €-12k | €7k | €-7k | ▼ 199% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Sint-Niklaas · 1 establishment unit since 2021
Ground area
1,269 m²
Building footprint
230 m²
Volume, LiDAR
1,296 m³
Parcel 46002A0776/00S000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ILLUMINATO
since 20212.317.261.704
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002A0776/00S000 | Flanders | 1,269 m² | 1 · 230 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GUSTAS
BE 0889.144.164
Montigny-le-Tilleul · Eq €1,568
MULTINEX
BE 0859.882.135
Etterbeek · Eq €1,585
HELISPACE
BE 0772.823.744
Alveringem · Eq €1,564
DnS
BE 0464.475.392
Wevelgem · Eq €1,601
PALIDERO
BE 0873.263.086
Dilbeek · Eq €1,604
Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
71111Activities of building architects
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.