Lummerzheim & Co · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Lummerzheim & Co is 0.1% (very low). The 2024 annual accounts show equity of €6.39M and a net result of €567k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 1709 sector peers (fiscal year 2024). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 90% of 1709 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 22 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	10-07-2025	21 d early	2025-00253410
31-12-2023	31-07-2024	02-07-2024	29 d early	2024-00222239
31-12-2022	31-07-2023	30-06-2023	31 d early	2023-00197647
31-12-2021	31-07-2022	01-07-2022	30 d early	2022-20129987
31-12-2020	31-07-2021	12-07-2021	19 d early	2021-34100009
31-12-2019	31-07-2020	10-07-2020	21 d early	2020-29000113
31-12-2018	31-07-2019	05-07-2019	26 d early	2019-31100490
31-12-2017	31-07-2018	06-07-2018	25 d early	2018-30600560
31-12-2016	31-07-2017	22-06-2017	39 d early	2017-22100081
31-12-2015	31-07-2016	22-06-2016	39 d early	2016-21300174

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1968, 58 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€567k+35.4%

Working capital€6.84M+9.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~12.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	83.9%	14.4%	better than 90% of 1709 sector peers
Net result	€567k	€0	better than 95% of 1705 sector peers
Equity	€6.39M	€109k	better than 95% of 1709 sector peers
Gross operating margin	€320k	€51k	better than 81% of 1706 sector peers
Total assets	€7.62M	€1.50M	better than 85% of 1709 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P90

Improving position over 2020-2024 · n=472-1709

Net result P95

Stable position over 2020-2024 · n=472-1705

Equity P95

Stable position over 2020-2024 · n=472-1709

Gross operating margin P81

Stable position over 2020-2024 · n=471-1706

Describes the position versus peers, not a forecast.

EBITDA

€422k

+32.4% 18-24

Net profit

€567k

+35.4% 18-24

Cash flow

€694k

+27.2% 18-24

Total assets

€7.62M

+6.2% 18-24

Equity

€6.39M

+9.7% 18-24

Working capital

€6.84M

+9.0% 18-24

Income taxes

€-1k

- 18-24

Debt

€14k

+59.4% 18-24

Show 8 other metrics

Debt ≤ 1y

€14k

+59.4% 18-24

Current ratio

500.13

-31.6% 18-24

Quick ratio

500.13

-31.6% 18-24

Solvency

83.9%

+3.3% 18-24

Debt / equity

0.00

+45.3% 18-24

ROE

8.9%

+23.4% 18-24

ROA

7.4%

+27.5% 18-24

Interest coverage

23.05

+8.0% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€422k
Net profit	€567k
Cash flow	€694k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€7.62M
Equity	€6.39M
Debt	€14k
of which ≤ 1y	€14k
of which > 1y	-
Working capital	€6.84M
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	500.13
Quick ratio	500.13
Working capital ratio	89.8%
Solvency	83.9%
Debt / equity	0.00
Long-term debt ratio	-
Interest coverage	23.05
Gross margin	-
Net margin	-
ROA	7.4%
ROE	8.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €763k · 10.0% Current assets €6.86M · 90.0%

Equity & liabilities

Equity €6.39M · 83.9% Provisions €1.21M · 15.9% Debt €14k · 0.2%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€7.62M
Fixed assets	21/28	€763k
Tangible fixed assets	22/27	€763k
Current assets	29/58	€6.86M
Amounts receivable within one year	40/41	€6.78M
Cash & bank	54/58	€73k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€7.62M
Equity	10/15	€6.39M
Contributions / capital	10/11	€6.57M
Reserves	13	€2.99M
Accumulated profits (losses)	14	€-3.36M
Provisions & deferred taxes	16	€1.21M
Amounts payable	17/49	€14k
Amounts payable within one year	42/48	€14k
Trade debts payable within one year	44	€14k
Income statement
Gross operating margin	9900	€320k
Operating result	9901	€295k
Financial income	75	€291k
Financial charges	65	€18k
Result before taxes	9903	€567k
Net result for the period	9904	€567k
Result to be appropriated	9905	€567k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

7 directors

24 of this company's 25 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

PSR NVLegal entity
Director· perm. rep.: Paul Lievens
State Gazette act 25091425 (22-07-2025)

Current
22-07-2025 → present
DE NUL Jan Pieter J.
Managing director
State Gazette act 24367176 (26-02-2024)

Current
22-02-2024 → present
Jan De Nul NVLegal entity
Director· perm. rep.: Ir. J.P.J. De Nul
State Gazette act 25091425 (22-07-2025)

Current
26-06-2019 → present
4 events
- 22-07-2025 Mandate renewed· Director
- 26-06-2025 Appointed· Managing director
- 26-06-2019 Mandate renewed· Director
- 26-06-2019 Appointed· Managing director
Julie De Nul
Director
State Gazette act 25091425 (22-07-2025)

Current
26-06-2019 → present
3 events
- 22-07-2025 Mandate renewed· Director
- 26-06-2025 Appointed· Managing director
- 26-06-2019 Mandate renewed· Director

Historic, not recently confirmed (3)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

PSR Brownfield Developers NVLegal entity
Director· perm. rep.: Paul Lievens
State Gazette act 19101416 (25-07-2019)

Not recently confirmed
last confirmed in an act from 2019
Jan De NulLegal entity
Director· perm. rep.: ir. J.P.J. De Nul
State Gazette act 14220308 (10-12-2014)

Not recently confirmed
last confirmed in an act from 2014
PSRLegal entity
Director· perm. rep.: Paul Lievens
State Gazette act 14220308 (10-12-2014)

Not recently confirmed
last confirmed in an act from 2014

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

4 auditors

Statutory auditor	IRE/IBR number	Tenure
BDO Bedrijfsrevisoren bvCurrent Statutory auditor · represented by Veerle Catry	-	28-07-2023 → present

Show 3 earlier auditors

BDO Bedrijfsrevisoren Burg. Ven. CVBA Statutory auditor · represented by Veerle Catry succeeded by BDO Bedrijfsrevisoren Burg.CVBA in 2017	-	13-06-2014 → 23-05-2017
BDO Bedrijfsrevisoren Burg.CVBA Statutory auditor · represented by Thomas Durieux succeeded by BDO Bedrijfsrevisoren CVBA in 2020	-	23-05-2017 → 13-07-2020
BDO Bedrijfsrevisoren CVBA Statutory auditor · represented by Veerle Catry succeeded by BDO Bedrijfsrevisoren bv in 2023	-	13-07-2020 → 28-07-2023

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Ontwikkeling van niet-residentiële bouwprojecten(68122)
Legal form	Public limited company(014)
Incorporation	01-01-1968
Status	Active
Postal code	9308

Structure & network

Connections & network

21 connected companies

Group structureShared directorsBundled connections

Group structure

Jan De Nul

Sits on the board · 21 subsidiaries · 1 location

Control→

PSR

Sits on the board · 6 subsidiaries · 1 location

Control→

Network connections

AIRCOPLUS

Shared corporate director

→

Algemene Ondernemingen Soetaert

Shared corporate director

→

Bedrijvenvereniging Dender Noord

Shared corporate director

→

CORTORIA

Shared corporate director

→

Show 2 more network connections

Denderoever

Shared corporate director

→

Denderoever Properties I

Shared corporate director

→

13 further connected companies in this network. Available in Kantoor S. See plans →

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties

Control over this companysits on this company's board2

Jan De Nul

21 subsidiaries · 1 location

PSR

6 subsidiaries · 1 location

controls

Lummerzheim & CoBE 0401.077.083

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

103 companies at this address See who is registered here

Establishment units

1 location

Lummerzheim & Co

Tragel 60, 9308 AalstOntwikkeling van residentiële bouwprojecten

since 20082.170.209.407

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2.3 ha

Buildings1

Building footprint1,846 m²

Volume (LiDAR)15,146 m³

Tallest building14.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41029B0523/00S000	Flanders	2.3 ha	1 · 1,845 m²	14.0 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

1 of 25 acts read

Of the 25 Belgian State Gazette acts we know for this company, 1 has been read. The other 24 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026

29-07-2026 General meeting · Auditor appointment · Permanent representative

3 facts

General meeting , 26/06/2026
Auditor appointment, BDO Bedrijfsrevisoren BV (commissaris)
Permanent representative, Sam Vander Vennet

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

83 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 44

Solvency 100

Growth 78

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 254 of the 1,264 companies in this sector. 82 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ontwikkeling van niet-residentiële bouwprojecten68122Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik28250Vervaardiging van uitrusting voor de koeltechniek en klimaatregeling, voor niet-huishoudelijk gebruik29230Installatie van isolatie43230Isolatiewerkzaamheden43291

Primary activity highlighted.

Names & trade names

Legal nameNL	Lummerzheim & Co
AbbreviationNL	LUMCO

Registered office

Tragel 60

9308 Aalst, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.