Luma Projects
ActiveSummary
The computed 12-month bankruptcy probability of Luma Projects is 2.9% (moderate). The 2025 annual accounts show equity of €23,081 and a net result of -€2,367. Equity is shrinking by ~3.7% per year across the filed fiscal years. 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▼-11
Solvency100=
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 11.72 against 20.58 in 2024; short-term debt: 8.5% and cash: 0.9% of total assets), and 8.5% of the assets are financed with debt.
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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
91.5%
Return on assets
-9.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
34 d early
2023
14 d early
2022
22 d late
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€23,081▼ 9.3%
2024 · €25,448
Total assets
€25,234▼ 5.7%
2024 · €26,748
Net result
-€2,367▼ 75.2%
2024 · -€1,351
Working capital
€23,081▼ 9.3%
2024 · €25,448
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€5,437-€2,376-€1,198-€2,087▼ 74.3%
Net result-€5,437-€2,236-€1,351-€2,367▼ 75.2%
Equity€24,563-€26,799▲ 9.1%€25,448▼ 5.0%€23,081▼ 9.3%
Total assets€25,995-€28,154▲ 8.3%€26,748▼ 5.0%€25,234▼ 5.7%
Debt€1,432-€1,355▼ 5.4%€1,300▼ 4.0%€2,153▲ 65.6%
Working capital€24,563-€26,799▲ 9.1%€25,448▼ 5.0%€23,081▼ 9.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,087 in 2025 against €1,198 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €25,234
Equity
€23,081 ▼ 9.3%
Debt
€2,153 ▲ 65.6%
Debt's share of the balance-sheet total rises from 4.9% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
11.72▼
2024 · 20.58
Debt to equity
0.09▲
2024 · 0.05
ROE
-10.3%▼
2024 · -5.3%
ROA
-9.4%▼
2024 · -5.1%
Debt ≤ 1 year
€2,153▲
2024 · €1,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €834 | €508 | €71 | €915 | ▲ 1,183% |
| Gross operating margin9900 | -€4,603 | €2,884 | -€1,127 | -€1,172 | ▼ 4.1% |
| Operating profit (loss)9901 | -€5,437 | €2,376 | -€1,198 | -€2,087 | ▼ 74.3% |
| Financial charges65/66B | €0 | €141 | €153 | €280 | ▲ 82.6% |
| Recurring financial charges65 | €0 | €141 | €153 | €280 | ▲ 82.6% |
| Profit (loss) for the period before taxes9903 | -€5,437 | €2,236 | -€1,351 | -€2,367 | ▼ 75.2% |
| Profit (loss) for the period9904 | -€5,437 | €2,236 | -€1,351 | -€2,367 | ▼ 75.2% |
| Profit (loss) for the period to be appropriated9905 | -€5,437 | €2,236 | -€1,351 | -€2,367 | ▼ 75.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €25,995 | €28,154 | €26,748 | €25,234 | ▼ 5.7% |
| Current assets29/58 | €25,995 | €28,154 | €26,748 | €25,234 | ▼ 5.7% |
| Amounts receivable within one year40/41 | - | - | - | €25,000 | - |
| Other amounts receivable41 | - | - | - | €25,000 | - |
| Cash at bank and in hand54/58 | €25,995 | €28,154 | €26,748 | €234 | ▼ 99.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €25,995 | €28,154 | €26,748 | €25,234 | ▼ 5.7% |
| Equity10/15 | €24,563 | €26,799 | €25,448 | €23,081 | ▼ 9.3% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€5,437 | -€3,201 | -€4,552 | -€6,919 | ▼ 52.0% |
| Amounts payable17/49 | €1,432 | €1,355 | €1,300 | €2,153 | ▲ 65.6% |
| Amounts payable within one year42/48 | €1,432 | €1,355 | €1,300 | €2,153 | ▲ 65.6% |
| Trade debts44 | €132 | €55 | - | €853 | - |
| Suppliers440/4 | €132 | €55 | - | €853 | - |
| Other amounts payable47/48 | €1,300 | €1,300 | €1,300 | €1,300 | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,437 | €2,236 | -€1,351 | -€2,367 | ▼ 75.2% |
| Operating cash flow (approximation) | -€5,437 | €2,236 | -€1,351 | -€2,367 | ▼ 75.2% |
| Change in cash | - | €2,159 | -€1,406 | -€26,514 | ▼ 1,786% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,236
Net result €2,236 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lummen
Ground area
7,539 m²
Building footprint
1,539 m²
Volume, LiDAR
9,333 m³
Parcel 71542B0567/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542B0567/00F000 | Flanders | 7,539 m² | 1 · 1,539 m² | 8.2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2021
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.