LUNA
ActiveSummary
LUNA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €273,119. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-3
Solvency64▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.88 in 2024; short-term debt: 9.7% and cash: 0.9% of total assets), and 61.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.9%
Return on assets
5.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 27-07-2026, 4 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
4 d early
2024
28 d late
2023
29 d late
2022
31 d late
2021
5 d early
2020
8 d early
2010
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.8m▲ 17.4%
2024 · €1.6m
Total assets
€4.7m▼ 4.4%
2024 · €4.9m
Net result
€273,119▼ 23.6%
2024 · €357,702
Working capital
-€201,572▼ 284%
2024 · -€52,552
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€279,426▲ 201%€251,390▼ 10.0%€251,771▲ 0.2%€421,759▲ 67.5%€270,303▼ 35.9%
Net result€335,544▲ 603%€386,304▲ 15.1%€156,351▼ 59.5%€357,702▲ 129%€273,119▼ 23.6%
Equity€996,040▲ 50.8%€1.4m▲ 38.8%€1.5m▲ 11.3%€1.6m▲ 1.9%€1.8m▲ 17.4%
Total assets€2.7m▼ 25.4%€4.8m▲ 79.0%€5.0m▲ 3.2%€4.9m▼ 0.9%€4.7m▼ 4.4%
Debt€1.7m▼ 43.7%€3.4m▲ 105%€3.4m=€3.3m▼ 2.1%€2.9m▼ 14.6%
Working capital€268,281▼ 7.4%€181,954▼ 32.2%-€24,752-€52,552▼ 112%-€201,572▼ 284%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +129% on 2023. Cause not known from the registers.
- 2023 Net result -60% on 2022. Cause not known from the registers.
- 2022 Total assets +79% on 2021. Cause not known from the registers.
- 2021 Net result +603%, Equity +51% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.5m ▼ 2.0%
Current assets
€255,636 ▼ 33.0%
Equity and liabilities €4.7m
Equity
€1.8m ▲ 17.4%
Provisions
€32,033 ▼ 5.7%
Debt
€2.9m ▼ 14.6%
Debt's share of the balance-sheet total falls from 67.6% to 60.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€360,916▼
2024 · €512,001
Cash flow
€363,732▼
2024 · €447,945
Current ratio
0.56▼
2024 · 0.88
Debt to equity
1.55▼
2024 · 2.14
ROE
14.8%▼
2024 · 22.8%
ROA
5.8%▼
2024 · 7.2%
Interest coverage
5.88▼
2024 · 7.88
Debt ≤ 1 year
€457,208▲
2024 · €434,111
Debt > 1 year
€2.4m▼
2024 · €2.9m
Income taxes
€87,746▼
2024 · €132,605
Staff costs
€48,629▲
2024 · €47,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €194,222 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €34,481 | €38,236 | €42,654 | €47,217 | €48,629 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,185 | €31,552 | €85,335 | €90,242 | €90,613 | ▲ 0.4% |
| Other operating charges640/8 | €904 | €1,548 | €14,439 | €7,774 | €4,580 | ▼ 41.1% |
| Non-recurring operating charges66A | €8,606 | €0 | - | - | - | - |
| Gross operating margin9900 | €324,601 | €322,725 | €394,200 | €566,992 | €414,125 | ▼ 27.0% |
| Operating profit (loss)9901 | €279,426 | €251,390 | €251,771 | €421,759 | €270,303 | ▼ 35.9% |
| Financial income75/76B | €180,519 | €203,107 | €1,619 | €131,619 | €150,000 | ▲ 14.0% |
| Recurring financial income75 | €180,519 | €203,107 | €1,619 | €131,619 | €150,000 | ▲ 14.0% |
| Financial charges65/66B | €58,533 | €29,869 | €62,703 | €65,013 | €61,380 | ▼ 5.6% |
| Recurring financial charges65 | €58,533 | €29,869 | €62,703 | €65,013 | €61,380 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €401,412 | €424,628 | €190,687 | €488,365 | €358,923 | ▼ 26.5% |
| Transfer from deferred taxes780 | - | €984 | €1,942 | €1,942 | €1,942 | = |
| Transfer to deferred taxes680 | €38,844 | €0 | - | - | - | - |
| Income taxes67/77 | €27,025 | €39,308 | €36,278 | €132,605 | €87,746 | ▼ 33.8% |
| Profit (loss) for the period9904 | €335,544 | €386,304 | €156,351 | €357,702 | €273,119 | ▼ 23.6% |
| Transfer from tax-exempt reserves789 | - | €3,937 | €7,769 | €7,769 | €7,769 | = |
| Transfer to tax-exempt reserves689 | €155,377 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €180,166 | €390,241 | €164,120 | €365,471 | €280,888 | ▼ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €4.8m | €5.0m | €4.9m | €4.7m | ▼ 4.4% |
| Fixed assets21/28 | €2.4m | €4.4m | €4.7m | €4.6m | €4.5m | ▼ 2.0% |
| Tangible fixed assets22/27 | €1,450 | €2.0m | €2.3m | €2.2m | €2.1m | ▼ 4.2% |
| Land and buildings22 | €0 | €2.0m | €2.3m | €2.2m | €2.1m | ▼ 4.2% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €1,450 | €468 | €0 | - | - | - |
| Financial fixed assets28 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Current assets29/58 | €311,985 | €423,277 | €342,656 | €381,559 | €255,636 | ▼ 33.0% |
| Amounts receivable after more than one year29 | €183,981 | €53,981 | €53,981 | €41,981 | €0 | ▼ 100% |
| Other amounts receivable291 | €183,981 | €53,981 | €53,981 | €41,981 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €100,610 | €347,338 | €229,015 | €300,735 | €192,096 | ▼ 36.1% |
| Trade receivables40 | €53,674 | €44,602 | €79,160 | €44,405 | €50,295 | ▲ 13.3% |
| Other amounts receivable41 | €46,936 | €302,736 | €149,855 | €256,330 | €141,801 | ▼ 44.7% |
| Cash at bank and in hand54/58 | €27,220 | €21,958 | €20,336 | €8,789 | €40,781 | ▲ 364% |
| Deferred charges and accrued income490/1 | €175 | €0 | €39,324 | €30,054 | €22,759 | ▼ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €4.8m | €5.0m | €4.9m | €4.7m | ▼ 4.4% |
| Equity10/15 | €996,040 | €1.4m | €1.5m | €1.6m | €1.8m | ▲ 17.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €991,040 | €1.4m | €1.5m | €1.6m | €1.8m | ▲ 17.5% |
| Tax-exempt reserves132 | €155,377 | €151,440 | €143,671 | €135,903 | €128,134 | ▼ 5.7% |
| Distributable reserves133 | €835,663 | €1.2m | €1.4m | €1.4m | €1.7m | ▲ 19.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €38,844 | €37,860 | €35,918 | €33,976 | €32,033 | ▼ 5.7% |
| Deferred taxes168 | €38,844 | €37,860 | €35,918 | €33,976 | €32,033 | ▼ 5.7% |
| Amounts payable17/49 | €1.7m | €3.4m | €3.4m | €3.3m | €2.9m | ▼ 14.6% |
| Amounts payable after more than one year17 | €1.6m | €3.2m | €3.0m | €2.9m | €2.4m | ▼ 18.0% |
| Financial debts170/4 | €1.6m | €3.2m | €3.0m | €2.9m | €2.4m | ▼ 18.0% |
| Amounts payable within one year42/48 | €43,704 | €241,323 | €367,408 | €434,111 | €457,208 | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | €11,731 | €77,464 | €148,786 | €151,964 | €155,777 | ▲ 2.5% |
| Financial debts43 | - | - | €4,215 | €3,667 | €3,239 | ▼ 11.7% |
| Credit institutions430/8 | - | - | €4,215 | €3,667 | €3,239 | ▼ 11.7% |
| Trade debts44 | €10,751 | €66,832 | €15,993 | €19,065 | €11,383 | ▼ 40.3% |
| Suppliers440/4 | €10,751 | €66,832 | €15,993 | €19,065 | €11,383 | ▼ 40.3% |
| Taxes, remuneration and social security45 | €21,223 | €17,027 | €42,401 | €92,934 | €87,728 | ▼ 5.6% |
| Taxes450/3 | €9,659 | €5,889 | €33,835 | €81,210 | €81,456 | ▲ 0.3% |
| Remuneration and social security454/9 | €11,564 | €11,138 | €8,566 | €11,723 | €6,271 | ▼ 46.5% |
| Other amounts payable47/48 | €0 | €80,000 | €156,013 | €166,481 | €199,082 | ▲ 19.6% |
| Accrued charges and deferred income492/3 | €11,090 | €9,065 | €9,065 | €10,715 | €22,011 | ▲ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €335,544 | €386,304 | €156,351 | €357,702 | €273,119 | ▼ 23.6% |
| + Depreciation and write-downs630 | €1,185 | €31,552 | €85,335 | €90,242 | €90,613 | ▲ 0.4% |
| Operating cash flow (approximation) | €336,728 | €417,856 | €241,686 | €447,945 | €363,732 | ▼ 18.8% |
| Investment in fixed assets (approximation) | - | -€2.1m | -€320,364 | -€6,142 | €0 | ▲ 100% |
| Change in cash | - | -€5,261 | -€1,622 | -€11,547 | €31,991 | ▲ 377% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2020net €386,304 ▲15.1%
Net result €386,304, the highest in the series.
31-12
Financial
Equity above €1mEq €1.4m ▲38.8%
3 profitable years in a row build equity to €1.4m.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2011
23-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
29-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2009
Ground area
8,398 m²
Building footprint
455 m²
Volume, LiDAR
2,349 m³
Parcel 43001C0116/00B000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LUNA
since 20092.176.285.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001C0116/00B000 | Flanders | 8,398 m² | 1 · 455 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
100%
-
100%
According to the 2025 annual accounts of LUNA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 21,127 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809667413
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.