iLUMENATE
The computed 12-month bankruptcy probability of iLUMENATE is 0.7% (low). The 2025 annual accounts show equity of €799k and a net result of €-96k. Equity is shrinking by ~45.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 55% of 842 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €799k |
| Net result | €-96k |
| Better than sector | 55% |
| Active | 10 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.1% | 35.0% | |
| Net result | €-96k | €10k | |
| Equity | €799k | €40k | |
| Gross operating margin | €71k | €31k | |
| Total assets | €1.90M | €132k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €61k |
| Net profit | €-96k |
| Cash flow | €16k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.90M |
| Equity | €799k |
| Debt | €1.10M |
| of which ≤ 1y | €559k |
| of which > 1y | €540k |
| Working capital | €-526k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.06 |
| Quick ratio | 0.06 |
| Working capital ratio | -27.7% |
| Solvency | 42.1% |
| Debt / equity | 1.38 |
| Long-term debt ratio | 0.68 |
| Interest coverage | 1.36 |
| Gross margin | - |
| Net margin | - |
| ROA | -5.0% |
| ROE | -12.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.90M |
| Fixed assets | 21/28 | €1.87M |
| Intangible fixed assets | 21 | €78k |
| Tangible fixed assets | 22/27 | €1.79M |
| Current assets | 29/58 | €33k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.90M |
| Equity | 10/15 | €799k |
| Contributions / capital | 10/11 | €923k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-126k |
| Amounts payable | 17/49 | €1.10M |
| Amounts payable after one year | 17 | €540k |
| Amounts payable within one year | 42/48 | €559k |
| Income statement | ||
| Gross operating margin | 9900 | €71k |
| Operating result | 9901 | €-51k |
| Financial income | 75 | €131 |
| Financial charges | 65 | €44k |
| Result before taxes | 9903 | €-96k |
| Net result for the period | 9904 | €-96k |
| Result to be appropriated | 9905 | €-96k |
| NACE primary | Wholesale trade(46474) |
| Legal form | Private limited company(610) |
| Incorporation | 02-05-2016 |
| Status | Active |
| Postal code | 8200 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0044/00D000 | Flanders | 3,584 m² | 1 · 1,930 m² | - |
| 31362A0182/00M000 | Flanders | 3,009 m² | 1 · 296 m² | 15.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
23-05-2024 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"summary_narrative": "Bij een akte ter griffie van de Ondernemingsrechtbank Gent van 13 mei 2024 wordt een fout in een eerdere publicatie gecorrigeerd. De algemene vergadering van ILUMENATE besliste unaniem om het boekjaar te wijzigen, het huidige boekjaar te verlengen tot 30 juni 2025 en de algemene vergadering voortaan op de laatste vrijdag van december te houden.",
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"what_corrected": "Het vierde besluit",
"prior_pub_number": "24323770"
},
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}12-01-2024 Capital increase of €917,000 to €1,852,600
- €935.600 → €1.852.600
Technical details
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"firm_name": "Moore Audit BV",
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | iLUMENATE |