Equity
€127,235 ▼ 9.6%
LUMARIN paid out €21,501 in dividends. That is 268% of the 2025 profit.
LUMARIN
Lifetime
19 annual accounts with figures on one time axis, 30 filings since 1996peak €79,541 (2015)
€34,534▼ 15.2%
lowest -€7,458 (2010)
€8,028▼ 52.0%
peak €260,815 (2020)
€127,235▼ 9.6%
€77,151▲ 16.9%
Board5 names since 2018
-
Documentsfilings and deeds
21-07-202610 days before the deadline
2025financial year
Gross margin from €40,745 to €34,534Result from €16,726 to €8,028Dividend €21,501Debts from €65,997 to €77,151Cash from €56,961 to €80,126
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 52% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.73, cash €80,126
Founded in 1995
Equity €127,235 (62.3% of total assets)
Size: total assets €204,385
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 73, micro). It does better than 60% of them on solvency, 74% on liquidity, 45% on profitability and 31% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 17,041 companies had the same profile as LUMARIN has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUMARIN itself: < 0.1% 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 17,041 companies, not a prediction for LUMARIN. 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 €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.73 (1.82 in 2024), above the usual 1.5. Short-term debt is 37.7% and cash 39.2% of total assets. 37.7% 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
5 signals, none raises the risk
Five signals.
lowers 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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 days early
2024
38 days early
2023
6 days early
2022
14 days late
2021
2 days late
2020
18 days late
2019
39 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 8 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 26 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0455505466
3 directors resigning, 3 reappointments
Resignations: PANIS Ludovicus Gerardus Albertus, SCHREURS Maria Hubertina and PANIS Bert · Reappointments: PANIS Ludovicus Gerardus Albertus, SCHREURS Maria Hubertina and PANIS Bert · Gazette deed
3 directors resigning, 3 reappointments
Resignations: Bert Panis, Maria Schreurs and Ludo Panis (managing director) · Reappointments: Bert Panis, Maria Schreurs and Ludo Panis (managing director) · General meeting of 04-06-2021 · Gazette deed
First establishment
EMENI NV, Stalkerweg 39, Zutendaal
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUMARIN Zutendaal | €204,385 | €34,534 | 62.3% | - |
| SHERMANN Ghent | €238,236 | €34,430 | 88.3% | - |
| COMM'PLETE Wemmel | €170,953 | €29,215 | 85.9% | - |
| TECHNO-SOFT Woluwe-Saint-Pierre | €252,195 | €27,014 | 81.0% | - |
| ARCO Bilzen-Hoeselt | €255,865 | €27,135 | 97.0% | - |
| Alltronic Hasselt | €278,269 | €36,379 | 43.4% | - |
| BRZ MANAGEMENT Seraing | €200,946 | €27,587 | 81.2% | - |
These companies have the same main activity as LUMARIN: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €171,000 and €278,000, founded between 1991 and 1994.
Official details
Source: KBO- Status
- Active since 29-06-1995Normal situation
- Activity
- Market research and public opinion pollingNACE 73200and 1 other
- Establishment unit
- 2.072.431.8233690 Zutendaal, since 19-07-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 03-02-2026
Annual accounts 2025
- €204,385▼ 1.1%
- Filing
- Filed on 21-07-2026, 10 days before the end of the filing period
Insights on LUMARIN
Solvency fell in 2025 from 68.1% to 62.3% because of the dividend.
In June 2024, three directors stepped down.
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 LUMARIN
- What is the company number of LUMARIN?
- The company number of LUMARIN is 0455.505.466. The VAT number is the same number with BE in front: BE 0455.505.466.
- Where is LUMARIN based?
- The registered office is at Stalkerweg 39, 3690 Zutendaal.Company details
- What does LUMARIN do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of LUMARIN?
- LUMARIN is a public limited company (NV).
- When was LUMARIN founded?
- LUMARIN was founded on 29-06-1995.
- Is LUMARIN still active?
- Yes, LUMARIN is an active enterprise in the KBO register.
- What is the turnover of LUMARIN?
- The turnover in financial year 2025 is ≈ €91,000. This figure is estimated from the gross margin of €34,534 and 44 comparable companies (NACE 73). It probably lies between €63,000 and €120,000.Financials
- Is LUMARIN profitable?
- In financial year 2025, LUMARIN made a profit of €8,028.
- Where can I find the annual accounts of LUMARIN?
- LUMARIN filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUMARIN due?
- LUMARIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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