LUMINAS (0888.166.939): financials and annual accounts

LUMINAS

Antwerp ·KBO/BCE: BE 0888.166.939

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	5.1m	5.6m	6.7m	7.2m	5.8m	4.0m	3.7m	5.0m	5.2m	5.2m	5.2m	5.2m	4.9m	4.5m	4.9m	2.7m	1.9m	2.0m	1.3m
Fixed assets`21/28`	13,588	15,179	20,545	15,015	21,395	7,833	10,274	7,889	6,947	4,270	9,484	15,160	31,317	47,335	41,126	50,237	8,558	3,740	749
Tangible fixed assets`22/27`	10,487	12,079	17,445	11,914	18,295	4,733	7,174	4,789	3,847	1,170	6,384	12,059	28,217	44,235	38,025	47,337	5,657	840	749
Land and buildings`22`	-	-	-	-	433	1,415	2,397	3,379	2,197	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	-	-	-	-	-	-	261	522	-	-	-	575	1,150	1,725	2,300	-	-	-	-
Furniture and vehicles`24`	10,487	12,079	17,445	11,914	17,862	3,318	4,516	888	1,649	1,170	1,509	1,735	12,443	23,012	35,725	47,337	5,657	840	749
Financial fixed assets`28`	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	3,100	2,900	2,900	2,900	-
Current assets`29/58`	5.1m	5.6m	6.7m	7.2m	5.8m	4.0m	3.7m	5.0m	5.2m	5.2m	5.2m	5.2m	4.9m	4.5m	4.8m	2.7m	1.9m	2.0m	1.3m
Stocks and contracts in progress`3`	2.9m	3.4m	3.8m	4.1m	2.9m	1.7m	1.7m	2.0m	1.9m	2.1m	1.7m	1.7m	2.0m	2.0m	1.9m	1.6m	1.2m	1.6m	469,771
Stocks`30/36`	2.9m	3.4m	3.8m	4.1m	2.9m	1.7m	1.7m	2.0m	1.9m	2.1m	1.7m	1.7m	2.0m	2.0m	1.9m	1.6m	1.2m	1.6m	469,771
Amounts receivable within one year`40/41`	2.0m	1.9m	2.8m	2.7m	2.8m	2.2m	2.0m	2.9m	3.0m	3.0m	3.4m	3.3m	2.8m	2.4m	2.8m	1.0m	630,368	314,546	666,383
Trade receivables`40`	1.9m	1.9m	2.8m	2.7m	2.8m	2.2m	2.0m	2.9m	3.0m	3.0m	3.4m	3.3m	2.8m	2.4m	2.8m	1.0m	629,097	308,532	665,368
Other amounts receivable`41`	25,825	25,172	28,307	3,488	2,828	6,218	12,371	20,330	5,274	6,159	4,908	5,277	3,939	3,720	2,431	-	1,271	6,014	1,014
Cash at bank and in hand`54/58`	246,072	235,994	96,112	370,063	74,019	110,263	46,740	66,162	304,423	46,353	127,708	212,014	88,244	22,490	178,650	46,115	17,455	38,980	140,612
Deferred charges and accrued income`490/1`	440	726	514	2,799	2,367	2,803	2,778	3,059	1,196	1,720	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	5.1m	5.6m	6.7m	7.2m	5.8m	4.0m	3.7m	5.0m	5.2m	5.2m	5.2m	5.2m	4.9m	4.5m	4.9m	2.7m	1.9m	2.0m	1.3m
Equity`10/15`	1.3m	1.3m	1.3m	1.3m	960,425	869,060	786,957	707,580	700,036	1.0m	978,390	965,702	943,517	921,357	897,921	60,403	59,480	56,717	38,595
Contributions`10/11`	400,000	400,000	400,000	440,000	440,000	440,000	440,000	440,000	440,000	840,000	840,000	840,000	840,000	840,000	834,786	20,000	20,000	20,000	20,000
Issued capital`100`	-	-	-	-	-	-	440,000	440,000	440,000	840,000	840,000	840,000	840,000	840,000	834,786	20,000	20,000	20,000	20,000
Reserves`13`	719,530	719,530	719,530	719,530	369,530	278,530	197,530	119,530	119,150	29,150	27,150	26,500	24,500	23,200	22,000	2,000	2,000	2,000	2,000
Non-distributable reserves`130/1`	-	-	-	34,530	34,530	34,530	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	34,530	34,530	34,150	29,150	27,150	26,500	24,500	23,200	22,000	2,000	2,000	2,000	2,000
Reserves not available under the articles`1311`	-	-	-	34,530	34,530	34,530	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	719,530	719,530	719,530	685,000	335,000	244,000	163,000	85,000	85,000	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	183,900	173,040	161,849	151,256	150,895	150,530	149,427	148,050	140,886	139,649	111,240	99,202	79,017	58,157	41,135	38,403	37,480	34,717	16,595
Amounts payable`17/49`	3.8m	4.3m	5.4m	5.9m	4.9m	3.1m	2.9m	4.3m	4.5m	4.2m	4.2m	4.3m	4.0m	3.6m	4.0m	2.7m	1.8m	1.9m	1.2m
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	2,925	5,805	11,801	25,994	21,522	33,588	-	-	-
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	2,925	5,805	11,801	25,994	21,522	33,588	-	-	-
Amounts payable within one year`42/48`	3.8m	4.3m	5.4m	5.9m	4.9m	3.1m	2.9m	4.3m	4.5m	4.2m	4.2m	4.3m	4.0m	3.6m	4.0m	2.6m	1.8m	1.9m	1.2m
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	3,344	-	-	-	2,881	5,548	13,764	17,412	12,066	11,476	-	-	-
Financial debts`43`	-	-	-	-	-	1.0m	-	-	-	-	-	-	8,842	12,131	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	8,842	12,131	-	-	-	-	-
Other loans`439`	-	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	2.3m	2.7m	3.8m	4.4m	3.4m	1.7m	2.6m	3.9m	4.1m	4.1m	4.2m	4.3m	3.9m	3.6m	3.9m	2.6m	1.8m	1.9m	1.2m
Suppliers`440/4`	2.3m	2.7m	3.8m	4.4m	3.4m	1.7m	2.6m	3.9m	4.1m	4.1m	4.2m	4.3m	3.9m	3.6m	3.9m	2.6m	1.8m	1.9m	1.2m
Taxes, remuneration and social security`45`	10,951	3,876	47,013	51,574	21,295	15,511	5,269	18,700	19,244	20,194	9,142	7,553	3,798	2,993	13,292	23,488	13,555	16,700	6,700
Taxes`450/3`	8,639	255	42,073	48,118	19,106	12,717	2,500	17,950	17,950	10,633	7	-	-	-	5,851	4,810	11,828	16,700	6,700
Remuneration and social security`454/9`	2,312	3,621	4,940	3,456	2,188	2,794	2,769	750	1,294	9,561	9,136	7,553	3,798	2,993	7,441	18,678	1,728	-	-
Other amounts payable`47/48`	1.6m	1.6m	1.5m	1.5m	1.5m	381,156	359,115	330,038	430,897	14,026	6,456	1,615	1,616	6,789	20,103	10,182	2,189	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	5.1m	5.5m	5.2m	6.4m	6.5m	6.7m	7.5m	10.0m	5.1m	2.3m	2.5m	1.2m
Non-recurring operating income`76A`	-	-	511	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	49,657	61,696	95,987	459,139	144,718	141,349	152,616	70,574	164,768	106,173	71,380	87,786	85,714	87,450	86,177	60,846	30,156	32,502	27,993
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	5.1m	5.4m	5.1m	6.4m	6.4m	6.6m	7.5m	10.0m	5.1m	2.3m	2.4m	1.2m
Remuneration, social security and pensions`62`	12,884	25,815	44,242	29,710	16,977	24,581	37,771	40,255	39,674	43,763	39,909	37,372	35,718	33,973	35,630	32,247	16,596	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,591	5,366	7,067	7,477	3,435	2,441	3,145	2,279	1,494	5,934	6,825	17,926	17,687	17,285	13,237	12,664	1,869	487	1,030
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	960	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	1,834	1,662	3,636	3,108	3,256	6,275	4,351	4,223	4,180	5,858	3,521	4,519	5,520	8,213	4,813	9,188	2,775	973	603
Operating profit (loss)`9901`	33,348	28,852	41,041	418,846	121,050	108,053	107,348	22,858	119,419	50,617	21,124	27,968	26,789	27,979	32,497	6,748	8,916	31,041	26,360
Financial income`75/76B`	1,138	1,167	1,006	1,064	-	938	1,037	35	52	125	243	39	624	316	210	1	5	604	-
Recurring financial income`75`	1,138	1,167	1,006	1,064	-	938	1,037	35	52	125	243	39	624	316	210	1	5	604	-
Financial charges`65/66B`	10,528	11,781	18,904	24,731	14,860	12,170	16,679	15,249	10,183	9,846	7,541	5,820	4,362	5,425	5,708	3,137	1,974	3,523	1,065
Recurring financial charges`65`	10,528	11,781	18,904	24,731	14,860	12,170	16,679	15,249	10,183	9,846	7,541	5,820	4,362	5,425	5,708	3,137	1,974	3,523	1,065
Profit (loss) for the period before taxes`9903`	23,958	18,238	23,143	395,179	106,189	96,820	91,707	7,644	109,288	40,897	13,827	22,187	23,052	22,870	26,998	3,612	6,947	28,122	25,295
Income taxes`67/77`	13,098	7,047	12,549	44,818	14,824	14,717	12,330	100	18,051	10,488	1,139	3	891	-564	1,793	2,689	4,184	10,000	6,700
Profit (loss) for the period`9904`	10,860	11,191	10,594	350,360	91,365	82,103	79,377	7,544	91,237	30,410	12,688	22,185	22,160	23,434	25,205	923	2,763	18,122	18,595
Profit (loss) for the period to be appropriated`9905`	10,860	11,191	10,594	350,360	91,365	82,103	79,377	7,544	91,237	30,410	12,688	22,185	22,160	23,434	25,205	923	2,763	18,122	18,595
Appropriation of the result
Profit (loss) to be appropriated`9906`	183,900	173,040	161,849	501,256	241,895	231,530	227,427	148,430	230,886	141,649	111,890	101,202	80,317	64,571	63,609	38,403	37,480	34,717	18,595
Profit (loss) brought forward from the previous period`14P`	173,040	161,849	151,256	150,895	150,530	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	350,000	91,000	81,000	78,000	380	90,000	2,000	650	2,000	1,300	6,414	22,473	-	-	-	2,000
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	-	-	-	-	5,214	2,473	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	380	5,000	2,000	650	2,000	1,300	1,200	20,000	-	-	-	2,000
To other reserves`6921`	-	-	-	350,000	91,000	81,000	78,000	-	85,000	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	0.3	1	1.2	1.2	1.2	1.2	1.4	2	1.8	-	1.5	1.4	1.6	-	1.2	1.8	1	-	-
Hours worked`1013`	460	1,292	2,142	1,510	963	1,433	1,939	2,250	2,300	-	2,303	2,270	1,878	-	1,829	1,682	1,140	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	24-08-2026	2026-00445079	PDF
31-12-2024	abbreviated format	28-08-2025	2025-00423455	PDF
31-12-2023	abbreviated format	16-07-2024	2024-00250913	PDF
31-12-2022	abbreviated format	29-06-2023	2023-00174574	PDF
31-12-2021	abbreviated format	15-09-2022	2022-20430436	PDF
31-12-2020	abbreviated format	26-08-2021	2021-54000313	PDF
31-12-2019	abbreviated format	12-10-2020	2020-61000529	PDF
31-12-2018	abbreviated format	26-08-2019	2019-50500494	PDF
31-12-2017	abbreviated format	26-06-2018	2018-23300094	PDF
31-12-2016	abbreviated format	21-08-2017	2017-45800498	PDF
31-12-2015	abbreviated format	25-08-2016	2016-48400263	PDF
31-12-2014	abbreviated format	28-08-2015	2015-52000416	PDF
31-12-2013	abbreviated format	25-09-2014	2014-59800449	PDF
31-12-2012	abbreviated format	25-06-2013	2013-21600349	PDF
31-12-2011	abbreviated format	10-05-2012	2012-11300423	PDF
31-12-2010	abbreviated format	30-08-2011	2011-48600143	PDF
31-12-2009	abbreviated format	20-09-2010	2010-54700050	PDF
31-12-2008	abbreviated format	25-05-2009	2009-16200182	PDF
31-12-2007	abbreviated format	26-09-2008	2008-75600039	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	34,939	34,218	48,108	426,322	124,485	110,493	110,494	25,138	120,913	56,551	27,949	45,895	44,476	45,264	45,734	19,411	10,785	31,529	27,391
Cash flow	12,451	16,557	17,661	357,837	94,800	84,544	82,522	9,823	92,731	36,344	19,513	40,111	39,847	40,719	38,442	13,587	4,632	18,609	19,626
Investment in fixed assets (approximation)	0	0	14,982	1,096	16,997	0	5,530	3,221	4,171	720	1,150	1,768	1,669	27,551	4,125	54,343	6,687	3,478	885
Change in cash	10,078	139,882	-273,951	296,044	-36,244	63,522	-19,421	-238,261	258,070	-81,354	-84,307	123,770	65,754	-156,160	132,536	28,660	-21,525	-101,632	-
Working capital	1.3m	1.3m	1.3m	1.3m	939,030	861,227	776,683	699,691	693,089	1.0m	971,830	956,348	924,000	900,015	878,317	43,754	50,922	52,978	37,846
EBIT margin	-	-	-	-	-	-	-	0.4%	2.2%	1.0%	0.3%	0.4%	0.4%	0.4%	0.3%	0.1%	0.4%	1.3%	2.2%
Solvency	25.3%	23.1%	19.1%	18.1%	16.4%	21.6%	21.1%	14.1%	13.4%	19.5%	18.8%	18.4%	19.2%	20.3%	18.4%	2.2%	3.2%	2.9%	3.0%
Current ratio	1.34	1.30	1.23	1.22	1.19	1.27	1.26	1.16	1.15	1.24	1.23	1.22	1.23	1.25	1.22	1.02	1.03	1.03	1.03
Quick ratio	0.58	0.51	0.54	0.52	0.59	0.72	0.70	0.69	0.72	0.73	0.84	0.83	0.73	0.68	0.75	0.41	0.36	0.18	0.65
Debt to equity	2.95	3.32	4.24	4.51	5.08	3.62	3.74	6.07	6.46	4.13	4.32	4.43	4.21	3.93	4.44	44.42	30.27	33.88	32.10
ROE	0.8%	0.9%	0.8%	26.7%	9.5%	9.4%	10.1%	1.1%	13.0%	3.0%	1.3%	2.3%	2.3%	2.5%	2.8%	1.5%	4.6%	32.0%	48.2%
ROA	0.2%	0.2%	0.2%	4.8%	1.6%	2.0%	2.1%	0.2%	1.7%	0.6%	0.2%	0.4%	0.5%	0.5%	0.5%	0.0%	0.1%	0.9%	1.5%
Interest coverage	3.32	2.90	2.54	17.24	8.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	204 days	196 days	211 days	193 days	187 days	152 days	117 days	102 days	74 days	99 days	46 days	201 days
Supplier credit	-	-	-	-	-	-	-	284 days	278 days	296 days	242 days	243 days	217 days	174 days	144 days	187 days	285 days	286 days	381 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	1	2	2	2
full-time	-	-	1	1	1
part-time	1	1	1	1	1
in full-time equivalents	0.3	0.2	1.2	1.2	1.2
Average over the year, in full-time equivalents	0.3	0.7	1.2	1.2	1.2
On a permanent contract	1	1	2	2	2
Joined	1	0	-	-	-
Left	1	1	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€14,982	€1,096	€16,997
Depreciation and write-downs of the year	€1,591	€5,366	€7,067	€7,477	€3,435

LUMINAS

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency25.3%

Current ratio1.34

Return on assets0.2%

Staff

Staff cost per FTE€42,945

Joined and left+0

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on LUMINAS

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