LUMERON (0746.562.577): financials and annual accounts

LUMERON

Ghent ·KBO/BCE: BE 0746.562.577

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	689,438	663,393	676,022	775,633	735,129
Fixed assets`21/28`	215,445	265,326	316,852	365,722	415,185
Intangible fixed assets`21`	212,360	262,360	312,360	362,360	412,360
Tangible fixed assets`22/27`	2,794	2,906	4,432	3,341	2,805
Furniture and vehicles`24`	2,794	2,906	4,432	3,341	2,805
Financial fixed assets`28`	290	60	60	20	20
Current assets`29/58`	473,993	398,067	359,170	409,911	319,943
Amounts receivable within one year`40/41`	288,888	181,896	162,724	173,996	140,534
Trade receivables`40`	270,925	175,931	162,724	173,996	140,534
Other amounts receivable`41`	17,963	5,965	-	-	-
Cash at bank and in hand`54/58`	170,008	202,136	182,816	222,247	175,309
Deferred charges and accrued income`490/1`	15,097	14,036	13,630	13,668	4,101
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	689,438	663,393	676,022	775,633	735,129
Equity`10/15`	430,779	355,567	323,033	307,001	240,650
Contributions`10/11`	300,000	300,000	300,000	300,000	300,000
Capital`10`	300,000	300,000	300,000	300,000	300,000
Issued capital`100`	300,000	300,000	300,000	300,000	300,000
Reserves`13`	130,779	55,567	23,033	-	-
Non-distributable reserves`130/1`	6,539	2,778	1,152	-	-
Legal reserve`130`	6,539	2,778	1,152	-	-
Distributable reserves`133`	124,240	52,789	21,881	-	-
Profit (loss) carried forward`14`	-	-	-	7,001	-59,350
Amounts payable`17/49`	258,659	307,826	352,989	468,632	494,479
Amounts payable after more than one year`17`	0	68,750	151,989	235,755	250,772
Financial debts`170/4`	0	68,750	151,989	235,755	250,772
Amounts payable within one year`42/48`	238,971	237,238	195,645	227,361	234,689
Current portion of amounts payable after more than one year`42`	0	14,232	15,017	15,017	83,513
Trade debts`44`	175,431	157,006	104,790	151,116	102,360
Suppliers`440/4`	175,431	157,006	104,790	151,116	102,360
Taxes, remuneration and social security`45`	63,540	65,999	75,838	61,228	48,815
Taxes`450/3`	15,545	13,539	28,295	28,873	13,046
Remuneration and social security`454/9`	47,996	52,460	47,544	32,355	35,769
Accrued charges and deferred income`492/3`	19,688	1,838	5,356	5,515	9,017
Income statement
Gross operating margin`9900`	462,377	462,326	329,946	339,483	308,661
Remuneration, social security and pensions`62`	303,387	355,906	245,422	202,669	252,539
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	51,280	51,526	51,256	50,940	89,780
Other operating charges`640/8`	1,009	990	459	380	1,892
Operating profit (loss)`9901`	106,702	53,904	32,809	85,494	-35,550
Financial income`75/76B`	0	174	127	91	0
Recurring financial income`75`	0	174	-	-	0
Non-recurring financial income`76B`	-	-	127	91	-
Financial charges`65/66B`	4,209	7,508	9,011	10,879	23,209
Recurring financial charges`65`	4,209	7,508	9,011	10,879	23,209
Profit (loss) for the period before taxes`9903`	102,494	46,570	23,925	74,706	-58,758
Income taxes`67/77`	27,282	14,035	7,893	8,355	592
Profit (loss) for the period`9904`	75,212	32,535	16,032	66,351	-59,350
Profit (loss) for the period to be appropriated`9905`	75,212	32,535	16,032	66,351	-59,350
Appropriation of the result
Profit (loss) to be appropriated`9906`	75,212	32,535	23,033	7,001	-59,350
Profit (loss) brought forward from the previous period`14P`	-	-	7,001	-59,350	-
Transfer to equity`691/2`	75,212	32,535	23,033	-	-
To the legal reserve`6920`	3,761	1,627	1,152	-	-
To other reserves`6921`	71,451	30,908	21,881	-	-
Social balance sheet
Average staff (FTE)`9087`	2.5	3	2.4	2	2
Hours worked`1013`	4,164	5,256	4,232	3,456	3,184
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	31-07-2026	2026-00366964	PDF
31-12-2024	abbreviated format	01-07-2025	2025-00204553	PDF
31-12-2023	abbreviated format	05-07-2024	2024-00212724	PDF
31-12-2022	abbreviated format	28-06-2023	2023-00165832	PDF
31-12-2021	abbreviated format	05-07-2022	2022-20140147	PDF

Year	Entries	Awarded	Paid
2025	1	€407	€407
2023	1	€3,179	€3,284
2022	1	€1,109	€894

Line	2025	2024	2023	2022	2021
EBITDA	157,982	105,430	84,065	136,434	54,230
Cash flow	126,491	84,061	67,288	117,291	30,430
Investment in fixed assets (approximation)	1,398	0	2,387	1,476	506,654
Change in cash	-32,127	19,320	-39,431	46,939	-
Working capital	235,022	160,829	163,525	182,550	85,254
Solvency	62.5%	53.6%	47.8%	39.6%	32.7%
Current ratio	1.98	1.68	1.84	1.80	1.36
Debt to equity	0.60	0.87	1.09	1.53	2.05
ROE	17.5%	9.2%	5.0%	21.6%	-24.7%
ROA	10.9%	4.9%	2.4%	8.6%	-8.1%
Interest coverage	37.54	14.04	9.33	12.54	2.34

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	3	3	2	2
full-time	2	3	3	2	2
part-time	0	-	-	-	-
in full-time equivalents	2	3	3	2	2
Average over the year, in full-time equivalents	2.5	3	2.4	2	1.8
On a permanent contract	2	3	3	2	2
Joined	0	-	1	-	2
Left	1	-	0	-	0
Training hours	4	-	-	-	-

LUMERON

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency62.5%

Current ratio1.98

Return on assets10.9%

Staff

Staff cost per FTE€121,355

Joined and left-1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €4,695 awarded, €4,585 paid

Key figures and ratios

Social balance sheet

Investments

Insights on LUMERON

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,168	-	€2,347	€1,476	€6,634
Intangible fixed assets	-	-	-	-	€500,000
Financial fixed assets	€230	-	€40	-	€20
Depreciation and write-downs of the year	€51,280	€51,526	€51,256	€50,940	€89,780