Losses
-€10,838 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
LUMMEN
Lifetime
4 annual accounts with figures on one time axispeak €16.6m (2025)
€16.6m▲ 165%
lowest -€3,677 (2024)
-€2,261▲ €1,416
peak €58,358 (2022)
€51,162▼ 4.2%
€16.5m▲ 166%
Board7 names since 2022
3 directorsSTEININGER John Frédérick Clarence and 2 others
Owners5 names in the annual accounts
50%HU ACCOMODA and 2 others
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Loss of €2,261Reappointment: Forvis Mazars Réviseurs d'Entreprises srl (sta… 28-10Debts from €6.2m to €16.5m
Key points
from the 2025 annual accountsDebts
€16.5m 100% of the balance sheet
Financial debts 93%Suppliers 7%
€9.6m of the debts are secured on the company's own assets.
Securities
€19.0m
Mortgage mandates, new in 2025. 370.9 times equity · not in the 2024 accounts.
Payment terms
65,858 days to suppliers
LUMMEN pays its suppliers 28,456 days later than in 2024.
Liquidity
14.64 was 8.26 in 2024
Short-term debts rose from €758,134 to €1.1m.
At the same address
26 companies
Checked score
54
Fair
Financially stronger than 35% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.8%▲ +0.1 percentage points vs 04-2025
06-2025: 2.2%▲ +0.4 percentage points vs 05-2025
07-2025: 2.2%● unchanged vs 06-2025
08-2025: 2.5%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 1.3%▼ -1.2 percentage points vs 08-2025
10-2025: 1.2%▼ -0.1 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025lowest value
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026
05-2026: 1.4%▲ +0.1 percentage points vs 04-2026
06-2026: 1.6%▲ +0.2 percentage points vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%● unchanged vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 14.64, cash €27,552
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2022
Equity €51,162 (0.3% of total assets)
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 41, medium-sized). It does better than 12% of them on solvency, 75% on liquidity, 32% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 403 companies had the same profile as LUMMEN has now. Each dot is one company, two years later.
96.3%
were still trading
2.7%
stopped another way
1.0%
went bankrupt
The bankruptcy probability of LUMMEN itself is higher: 1.7% within 12 months. It rests on far more data about LUMMEN than the profile alone.
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 403 companies, not a prediction for LUMMEN. 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
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.64 (8.26 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 0.2% of total assets. However, 99.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€2,261
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1037 sector peers (2025).
NBB · sector comparisonPosition among 1037 sector peers
Solvency
better than 10%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 days early
2024
11 days late
2023
28 days late
2022
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 6 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AV
Alexander van Ravels BV
Director, since 06-06-2024
- HERPAIN SA consolidatesscore 97equity €37.0m (2025) · annual accounts 2025
- HU ACCOMODA 50%score 83equity €66,818 (2025) · 2025 annual accounts of HU ACCOMODA
- Baltisse Real Estate 46.5%score 94equity €271.8m (2025) · 2025 annual accounts of Baltisse Real Estate
Recent changes
Reappointment: Forvis Mazars Réviseurs d'Entreprises srl (statutory auditor)
General meeting of 19-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0780765767
2 directors appointed, 1 resignation
Appointments: Baltisse Real Estate NV (class B director) and Alexander van Ravels BV (class B director) · Permanent representatives: Marc Janssens and Alexander van Ravels · Resignation: Yvan Neirinckx (managing director) · General meeting of 06-06-2024 · Gazette deed
Amendment of the articles
General meeting of 21-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LUMMEN Uccle | €16.6m | - | 0.3% | - |
| INDIMMO BELUX Ixelles | €22.6m | -€108,573 | 52.9% | - |
| ESPEVELO3 Brussels | €26.8m | -€3,149 | 10.6% | - |
| De Ooievaar Lennik | €16.6m | -€138,705 | 21.0% | - |
| PERSPECTIVE BUILD Oupeye | €10.6m | €709,818 | 5.7% | 6.3 |
| LivingHome Glabbeek | €9.9m | €932,981 | 7.5% | 2 |
| JUKI Tessenderlo-Ham | €11.3m | -€301,226 | 7.5% | - |
These companies have the same main activity as LUMMEN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €9.9m and €27m, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 21-01-2022Normal situation
- Registered office
- 27 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.328.847.7591180 Uccle, since 21-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 09-09-2025
Annual accounts 2025
- €16.6m▲ 165%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on LUMMEN
LUMMEN has existed since 2022. In 2023 the balance sheet total rose from €111,780 to €4.1m.
The balance sheet total has grown every year since.
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 LUMMEN
- What is the company number of LUMMEN?
- The company number of LUMMEN is 0780.765.767. The VAT number is the same number with BE in front: BE 0780.765.767.
- Where is LUMMEN based?
- The registered office is at Beeldhouwerslaan 43, 1180 Uccle.Company details
- What does LUMMEN do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of LUMMEN?
- LUMMEN is a public limited company (NV).
- When was LUMMEN founded?
- LUMMEN was founded on 21-01-2022.
- Is LUMMEN still active?
- Yes, LUMMEN is an active enterprise in the KBO register.
- What is the turnover of LUMMEN?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is LUMMEN profitable?
- In financial year 2025, LUMMEN made a loss of €2,261.
- Where can I find the annual accounts of LUMMEN?
- LUMMEN filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUMMEN due?
- LUMMEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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