Financials
- Fiscal year
- 2025
- Total assets
- €446,757
- Loss
- -€9,616
- Solvency
- -0.8%
LUMINA DEVELOPMENT
ActiveSummary
LUMINA DEVELOPMENT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,616) and a net result of -€9,616. Its solvency ranks better than 19% of 16707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€446,757total assets 2025
- Equity
- -€3,616
- Loss
- -€9,616
Turnover not published (abridged schema)
Structure
Accounts 45 d early1 of 2 deeds read
Why 54Capped at 59: negative equity- 1 change of registered office in 24 months- Liquidity: current ratio 297.84, cash €3,129+ Sector Real estate activities (NACE 68)+ Size: total assets €446,757Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 34% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength
Weak
Solvency
24
equity -0.8% of total assets
Liquidity
51
short-term debt 0.3% · cash 0.7%
Profitability
32
return on assets -2.2%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.7%
05-2025: 0.7%● 0.0% vs 04-2025
06-2025: 0.7%▲ +3.0% vs 05-2025
07-2025: 0.8%▲ +5.8% vs 06-2025
08-2025: 0.8%▲ +5.5% vs 07-2025
09-2025: 0.9%▲ +12.9% vs 08-2025
10-2025: 0.9%● 0.0% vs 09-2025
11-2025: 1.0%▲ +11.3% vs 10-2025
12-2025: 1.0%▲ +2.2% vs 11-2025
01-2026: 1.0%▼ -5.0% vs 12-2025
02-2026: 1.1%▲ +10.5% vs 01-2026
03-2026: 1.1%▲ +5.1% vs 02-2026
04-2026: 1.1%▲ +1.3% vs 03-2026highest value
05-2026: 1.1%● 0.0% vs 04-2026highest value
06-2026: 1.1%▼ -1.5% vs 05-2026
07-2026: 0.4%▼ -63.3% vs 06-2026lowest value
08-2026: 0.4%● 0.0% vs 07-2026lowest value
09-2026: 0.4%● 0.0% vs 08-2026lowest value
10-2026: 0.9%▲ +131% vs 09-2026
- Sector Real estate activities (NACE 68) lowers the probability
- 1 change of registered office in 24 months raises the probability
- Size: total assets €446,757 lowers the probability for this profile
- Liquidity: current ratio 297.84, cash €3,129 raises the probability
No credit on open account
short-term debt: 0.3% and cash: 0.7% of total assets, and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 19%, liquidity 55%, profitability 28%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 16-06-2026, 45 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
- Registered officeRegistered-office move · Director in…
- Annual accounts filedfiscal year 2025 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2026
- 14-09-2026Registered office
- 16-06-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 28-03-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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