Equity
-€3,616
Debts exceed assets in financial year 2025.
LUMINA DEVELOPMENT
Lifetime
1 annual account with figurespeak -€7,913 (2025)
-€7,913
lowest -€9,616 (2025)
-€9,616
peak -€3,616 (2025)
-€3,616
€450,373
Board2 names since 2024
1 directorThierry Edward Pierre DAILLY
Owners
100%HURUS
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Loss of €9,616First year with figures
Key points
from the 2025 annual accountsDebts
€450,373 101% of the balance sheet
After one year 100%Within one year 0%
Of this, €1,500 falls due within a year.
At the same address
581 companies
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 34% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
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%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026highest value
05-2026: 1.1%● unchanged vs 04-2026highest value
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 0.4%▼ -0.7 percentage points vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.9%▲ +0.5 percentage points vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 change of registered office in 24 months
Liquidity: current ratio 297.84, cash €3,129
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €446,757
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 68, micro). It does better than 19% of them on solvency, 55% on liquidity and 28% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,555 companies had the same profile as LUMINA DEVELOPMENT has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUMINA DEVELOPMENT itself: 0.9% 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 1,555 companies, not a prediction for LUMINA DEVELOPMENT. 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
No credit on open account
Short-term debt is 0.3% and cash 0.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 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 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered office moved within Brussels
New registered office: Avenue Louise 231 à 1050 Bruxelles · Previous registered office: Avenue Louise 523, 1050 Bruxelles · General meeting of 23-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007744876
Incorporation
Founding capital of €6,000, 100 shares · Founder: HURUS · Appointments: Thierry Edward Pierre DAILLY (daily management delegate) and Francesco CARLINO (director) · published on 02-04-2024 · Gazette deed
First establishment
Louizalaan 231, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUMINA DEVELOPMENT Brussels | €446,757 | -€7,913 | -0.8% | - |
| NOVA DEVELOPMENT Brussels | €572,363 | -€15,131 | -2.2% | - |
| RED3 Watermael-Boitsfort | €423,290 | -€15,224 | -4.8% | - |
| Isala Living Brussels | €508,690 | -€3,616 | 95.8% | - |
| NEVO CONSTRUCT Fernelmont | €451,723 | -€13,013 | 13.0% | - |
| DSC-Projects Blankenberge | €443,839 | -€14,496 | 29.3% | - |
| MR IMMOBILIER Tinlot | €484,918 | -€15,598 | -5.1% | - |
These companies have the same main activity as LUMINA DEVELOPMENT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €423,000 and €572,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 28-03-2024Normal situation
- Registered office
- 582 active companies are registered at this address52 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.362.534.0771050 Brussels, since 28-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Annual accounts 2025
- €446,757
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on LUMINA DEVELOPMENT
LUMINA DEVELOPMENT has been active since 2024 and the Belgian Official 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 17,194 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
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 LUMINA DEVELOPMENT
- What is the company number of LUMINA DEVELOPMENT?
- The company number of LUMINA DEVELOPMENT is 1007.744.876. The VAT number is the same number with BE in front: BE 1007.744.876.
- Where is LUMINA DEVELOPMENT based?
- The registered office is at Louizalaan 231, 1050 Brussels.Company details
- What does LUMINA DEVELOPMENT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of LUMINA DEVELOPMENT?
- LUMINA DEVELOPMENT is a private limited company (BV).
- When was LUMINA DEVELOPMENT founded?
- LUMINA DEVELOPMENT was founded on 28-03-2024.
- Is LUMINA DEVELOPMENT still active?
- Yes, LUMINA DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of LUMINA DEVELOPMENT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is LUMINA DEVELOPMENT profitable?
- In financial year 2025, LUMINA DEVELOPMENT made a loss of €9,616.
- Where can I find the annual accounts of LUMINA DEVELOPMENT?
- LUMINA DEVELOPMENT filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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