Checked.be
Active
BE 0432.665.728Coöperatieve vennootschap met beperkte aansprakelijkheid
LUMARVEL
Rue de l'Ile Dossai 3 ·5300 Andenne, Belgium· 38 yrs active
Sector: Bodywork repair (including spraying and painting)
(95314)
Conclusion
LUMARVEL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247k and a net result of €50k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 180 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 8 annual accounts.
Key figures
| Equity | €247k |
| Net result | €50k |
| Better than sector | 88% |
| Active | 38 yrs |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1987, 38 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
75
2018
83
2019
83
2020
93
2021
93
2022
86
2023
100
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.56 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.93 (≥ 1.0)
+5
Leverage
Debt/equity 0.35 (< 1.0)
+10
Profitability
ROE 20% (≥ 10%)
+10
Interest coverage
Interest coverage 1455.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.2%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
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).
Sector comparison
Fiscal year 2025 · NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.1% | 28.5% | |
| Net result | €50k | €9k | |
| Equity | €247k | €23k | |
| Gross operating margin | €76k | €36k | |
| Staff costs | €225 | €33k |
€70k
+15.8%
18-25
€50k
+16.3%
18-25
€53k
+15.0%
18-25
€334k
+17.1%
18-25
€247k
+25.3%
18-25
€219k
+32.0%
18-25
1
0.0%
18-25
€225
-
18-25
€18k
+24.2%
18-25
€86k
-1.5%
18-25
€86k
-2.3%
18-25
3.56
+23.0%
18-25
2.93
+22.3%
18-25
74.1%
+7.1%
18-25
0.35
-21.4%
18-25
20.2%
-7.2%
18-25
15.0%
-0.6%
18-25
1455.55
+88.1%
18-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | +15.8% | +222.1% | -29.6% | -13.2% | - |
| Net profit | +16.3% | +296.1% | -36.6% | -14.6% | - |
| Cash flow | +15.0% | +217.9% | -29.9% | -12.3% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | +24.2% | +218.6% | -22.6% | -16.0% | - |
| Dividends | - | - | - | - | - |
| Total assets | +17.1% | +27.2% | +2.0% | +12.7% | - |
| Equity | +25.3% | +27.8% | +7.6% | +13.5% | - |
| Debt | -1.5% | +25.9% | -8.3% | +11.2% | - |
| of which ≤ 1y | -2.3% | +25.9% | -8.3% | +11.2% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | +32.0% | +38.0% | +13.8% | +23.4% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.56 | 2.89 | 2.73 | 2.39 | 2.25 |
| Quick ratio | 2.93 | 2.39 | 1.30 | 2.30 | 2.12 |
| Working capital ratio | 65.8% | 58.3% | 53.8% | 48.2% | 44.0% |
| Solvency | 74.1% | 69.2% | 68.9% | 65.3% | 64.9% |
| Debt / equity | 0.35 | 0.45 | 0.45 | 0.53 | 0.54 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 1455.55 | 773.75 | 500.35 | 720.87 | 800.19 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 15.0% | 15.1% | 4.8% | 7.8% | 10.3% |
| ROE | 20.2% | 21.8% | 7.0% | 11.9% | 15.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €334k | €285k | €224k | €220k | €195k |
| Fixed assets | 21/28 | €28k | €31k | €34k | €38k | €41k |
| Tangible fixed assets | 22/27 | €28k | €31k | €34k | €38k | €41k |
| Current assets | 29/58 | €305k | €254k | €190k | €182k | €154k |
| Stocks & contracts in progress | 3 | €54k | €44k | €99k | €7k | €9k |
| Amounts receivable within one year | 40/41 | €10k | €5k | €10k | €5k | €733 |
| Cash & bank | 54/58 | €238k | €204k | €79k | €167k | €142k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €334k | €285k | €224k | €220k | €195k |
| Equity | 10/15 | €247k | €197k | €154k | €143k | €126k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €227k | €177k | €134k | €123k | €106k |
| Amounts payable | 17/49 | €86k | €88k | €70k | €76k | €68k |
| Amounts payable within one year | 42/48 | €86k | €88k | €70k | €76k | €68k |
| Trade debts payable within one year | 44 | €5k | €7k | €10k | €15k | €9k |
| Income statement | ||||||
| Gross operating margin | 9900 | €76k | €65k | €23k | €31k | €42k |
| Operating result | 9901 | €67k | €57k | €15k | €23k | €27k |
| Financial income | 75 | €1k | €463 | €395 | €60 | €30 |
| Financial charges | 65 | €48 | €78 | €37 | €37 | €38 |
| Result before taxes | 9903 | €68k | €57k | €15k | €23k | €27k |
| Income taxes | 67/77 | €18k | €14k | €5k | €6k | €7k |
| Net result for the period | 9904 | €50k | €43k | €11k | €17k | €20k |
| Result to be appropriated | 9905 | €50k | €43k | €11k | €17k | €20k |
Legal Structure
| NACE primary | Bodywork repair (including spraying and painting)(95314) |
| Legal form | Coöperatieve vennootschap met beperkte aansprakelijkheid(008) |
| Incorporation | 10-12-1987 |
| Status | Active |
| Postal code | 5300 |
Establishment units
Rue de l'Ile Dossai 3, 5300 Andenne
since 19872.031.990.246
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92113A0002/00G013 | Wallonia | 2,439 m² | 1 · 501 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €247k ▲25.3%
8 profitable years in a row build equity to €247k.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼36.6%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €154k ▲7.6%
6 profitable years in a row build equity to €154k.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €86k ▲12.8%
Net result €86k, the highest in the series.
31-12
Financial
Equity above €100kEq €106k ▲10.1%
3 profitable years in a row build equity to €106k.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
4520450200Bodywork repair (including spraying and painting)95314Retail sale of cars and light vans (up to 3.5 tonnes)47811General maintenance and repair of cars and light vans (up to 3.5 tonnes)95311
Names & trade names
| Legal nameFR | LUMARVEL |
Similar companies
CARROSSERIE TREEMA CAR
BE 0473.717.514 · Ottignies-Louvain-la-Neuve
CARROSSERIE MOERMAN
BE 0816.724.162 · Gent
Carros Hasselt
BE 0765.131.941 · Mortsel
S D T CARROSSERIE
BE 0536.957.158 · Enghien
CARROSSERIE DE WAGENMAKER
BE 0418.028.032 · Kortrijk