Equity
-€22,411
Debts exceed assets in financial year 2025.
LUNATRAIN
Lifetime
2 annual accounts with figures on one time axispeak -€12,823 (2025)
-€12,823▲ €3,790
lowest -€24,314 (2024)
-€23,098▲ €1,216
peak €686 (2024)
-€22,411▼ €23,098
€67,513▲ 34.6%
Board2 names since 2023
2 directorsVAN NIEULANDE Tom and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€16,613 to -€12,823Loss of €23,098Equity from €686 to -€22,411Debts from €50,149 to €67,513Cash from €3,693 to €11,006
Key points
from the 2025 annual accountsLosses
-€47,411 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€67,513 150% of the balance sheet
Financial debts 52%Suppliers 17%Other 32%
Of this, €32,421 falls due within a year.
Investments
€7,321 1.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.77 was 1.35 in 2024
Short-term debts rose from €25,091 to €32,421.
Starting capital
€25,000 12,600 shares
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
46
Fair
Financially stronger than 8% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.4%▲ +0.3 percentage points vs 12-2024
02-2025: 3.4%● unchanged vs 01-2025
03-2025: 3.6%▲ +0.2 percentage points vs 02-2025
04-2025: 3.6%● unchanged vs 03-2025
05-2025: 3.5%▼ -0.1 percentage points vs 04-2025
06-2025: 3.9%▲ +0.4 percentage points vs 05-2025
07-2025: 2.8%▼ -1.1 percentage points vs 06-2025lowest value
08-2025: 3.3%▲ +0.5 percentage points vs 07-2025
09-2025: 3.3%● unchanged vs 08-2025
10-2025: 3.3%● unchanged vs 09-2025
11-2025: 3.3%● unchanged vs 10-2025
12-2025: 3.3%● unchanged vs 11-2025
01-2026: 3.3%● unchanged vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.2%▼ -0.1 percentage points vs 02-2026
04-2026: 3.1%▼ -0.1 percentage points vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 3.1%● unchanged vs 05-2026
07-2026: 3.2%▲ +0.1 percentage points vs 06-2026
08-2026: 4.2%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 3.8%▼ -0.4 percentage points vs 08-2026
10-2026: 3.8%● unchanged vs 09-2026
11-2026: 3.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
No main activity registered
lowers risk
Size: total assets €45,102
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 (no NACE code, micro). It does better than 5% of them on solvency, 24% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 7,639 companies had the same profile as LUNATRAIN has now. Each dot stands for 20 companies, two years later.
84.9%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LUNATRAIN itself: 3.8% within 12 months.
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 7,639 companies, not a prediction for LUNATRAIN. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.77 (1.35 in 2024), below 1. Short-term debt is 71.9% and cash 24.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€22,411
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
31 days late
2024
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 2 accounts on average on the deadline day. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VERBURGH Bruce Adrien 6,300 sharesdeed of 31-07-2023
- VAN NIEULANDE Tom 6,300 sharesdeed of 31-07-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804348546
Incorporation
Founding capital of €25,000, 12,600 shares · Founders: VERBURGH Bruce Adrien and VAN NIEULANDE Tom · Appointments: VERBURGH Bruce Adrien (director) and VAN NIEULANDE Tom (director) · published on 31-07-2023 · Gazette deed
First establishment
Populierenlaan 102, Bredene
Official details
Source: KBO- Status
- Active since 27-07-2023Normal situation
- Activity
- Warehousing and support activities for transportationNACE 52320and 2 others
- Establishment unit
- 2.347.966.3608450 Bredene, since 27-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-05-2025
Insights on LUNATRAIN
The computed 12-month bankruptcy probability of LUNATRAIN is 3.8% (moderate). The 2025 annual accounts show negative equity (-€22,411) and a net result of -€23,098.
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 LUNATRAIN
- What is the company number of LUNATRAIN?
- The company number of LUNATRAIN is 0804.348.546. The VAT number is the same number with BE in front: BE 0804.348.546.
- Where is LUNATRAIN based?
- The registered office is at Populierenlaan 102, 8450 Bredene.Company details
- What is the legal form of LUNATRAIN?
- LUNATRAIN is a private limited company (BV).
- When was LUNATRAIN founded?
- LUNATRAIN was founded on 27-07-2023.
- Is LUNATRAIN still active?
- Yes, LUNATRAIN is an active enterprise in the KBO register.
- What is the turnover of LUNATRAIN?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is LUNATRAIN profitable?
- In financial year 2025, LUNATRAIN made a loss of €23,098.
- Where can I find the annual accounts of LUNATRAIN?
- LUNATRAIN filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LUNATRAIN due?
- LUNATRAIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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