Equity
€10.2m ▲ 60.2%
Lummerzheim & Co has made a profit without a break since 2016.
Lummerzheim & Co
Lifetime
19 annual accounts with figures on one time axis, 43 filings since 1982Gross marginpeak €4.5m (2025)
€4.5m▲ 14×
Resultlowest -€1.5m (2012)
€4.0m▲ 613%
Equitypeak €10.2m (2025)
€10.2m▲ 60.2%
Debts
€39,977▲ 192%
Staffpeak 23.2 FTE (2007)
-not published
Board5 names since 2019
4 directorsJan De Nul NV and 3 others
Owners3 names in the annual accounts
99.98%PSR and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Gross margin from €319,573 to €4.5mResult from €567,325 to €4.0m2 directors appointed, 3 reappointments 22-07Equity from €6.4m to €10.2mDebts from €13,708 to €39,977
Key points
from the 2025 annual accountsResult
€4.0m ▲ 613%
The result rose in 2025: different schema filed.
Filings
43 annual accounts since 1982
The last five annual accounts were filed 21 to 31 days before the end of the period.
At the same address
105 companies
Board
1 joined · 1 left
Board changed. Latest change 04-03-2026 · 3 in office.
Position in the sector
€4.0m
Higher net result than 95% of companies in real estate. Sector median €20,578 · 5,804 companies.
Checked score
98
Excellent
Financially stronger than 95% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 286.97
lowers risk
Founded in 1968
Size: total assets €11.5m
Figures for financial year 2025 (filed on 08-07-2026)
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, medium-sized). It does better than 92% of them on solvency, 99% on liquidity, 99% on profitability and 90% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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, 1,579 companies had the same profile as Lummerzheim & Co has now. Each dot stands for 4 companies, two years later.
96.7%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of Lummerzheim & Co itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,579 companies, not a prediction for Lummerzheim & Co. 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 €1,000,000 on 30-day terms is acceptable
Short-term debt is 0.3% of total assets. 10.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
21 days early
2023
29 days early
2022
31 days early
2021
30 days early
2020
19 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PN
PSR NV
Director, Paul Lievens, since 26-06-2025
BB
BDO Bedrijfsrevisoren bv
Auditor, Sam Vander Vennet
- PSR 99.98%score 83equity €33.6m (2025) · 2025 annual accounts of PSR
- Sofidra S.A. (Jan De Nul Group) consolidatesannual accounts 2025
Recent changes
Permanent representative: Sam Vander Vennet
Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor) · Gazette deed
New managing director
JDN appointed, Julie De Nul resigned · Permanent representative: Julie De Nul · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0401077083
2 directors appointed, 3 reappointments
Reappointments: Jan De Nul NV, Julie De Nul and PSR NV · Permanent representatives: J.P.J.De Nul and Paul Lievens · Appointments: Jan De Nul NV (managing director) and Julie De Nul (managing director) · General meeting of 26-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Lummerzheim & Co Aalst | €11.5m | €4.5m | 89.3% | - |
| DEBAERE Nazareth-De Pinte | €14.5m | €1.4m | 9.9% | 2.1 |
| Zabra Business Units Ghent | €11.9m | €1.9m | 21.4% | - |
| BELGIUM BUILDINGS CONCEPT Uccle | €10.3m | €1.7m | 53.2% | 0.5 |
| Trinity Real Estate Investments Genk | €9.4m | €1.4m | 17.7% | 0 |
| MORVAN Ghent | €18.5m | €0.6m | 40.7% | 1 |
| Alides Land Ghent | €48.6m | €2.8m | 58.5% | - |
These companies have the same main activity as Lummerzheim & Co: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €9.4m and €49m, founded between 1965 and 1989.
Official details
Source: KBO- Status
- ActiveNormal situation
- Registered office
- 106 active companies are registered at this address9 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Development of non-residential building projectsNACE 68122and 2 others
- Establishment unit
- 2.170.209.4079308 Aalst, since 04-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- Turnover
- ≈ €5.8mestimated
- Total assets
- €11.5m▲ 50.6%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on Lummerzheim & Co
Lummerzheim & Co has existed since 1968. The present size dates from 2025. The gross margin rose that year from €319,573 to €4.5m.
Solvency rose in 2025 from 83.9% to 89.3% because of the retained profit.
PSR holds all the shares. In March 2026, the Official Gazette published the appointment of JDN as managing director.
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 Lummerzheim & Co
- What is the company number of Lummerzheim & Co?
- The company number of Lummerzheim & Co is 0401.077.083. The VAT number is the same number with BE in front: BE 0401.077.083.
- Where is Lummerzheim & Co based?
- The registered office is at Tragel 60, 9308 Aalst.Company details
- What does Lummerzheim & Co do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of Lummerzheim & Co?
- Lummerzheim & Co is a public limited company (NV).
- When was Lummerzheim & Co founded?
- Lummerzheim & Co was founded on 01-01-1968.
- Is Lummerzheim & Co still active?
- Yes, Lummerzheim & Co is an active enterprise in the KBO register.
- What is the turnover of Lummerzheim & Co?
- The turnover in financial year 2025 is ≈ €5.8m. This figure is estimated from the gross margin of €4.5m and 39 comparable companies (NACE 681). It probably lies between €4.5m and €13.0m.Financials
- Is Lummerzheim & Co profitable?
- In financial year 2025, Lummerzheim & Co made a profit of €4.0m.
- Where can I find the annual accounts of Lummerzheim & Co?
- Lummerzheim & Co filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Lummerzheim & Co due?
- Lummerzheim & Co must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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