Financials
- Financial year
- 2025
- Total assets
- €425,724
- Loss
- -€14,365
- Solvency
- -0.9%
Total assets▼ 2.1%
Net result
20242025
Union Lumière
ActiveSummary
Union Lumière has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,769) and a net result of -€14,365. Its solvency ranks better than 9% of 34,699 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Joinery installation
NACE 43320
1 site
Size
€425,724total assets 2025
- Equity
- -€3,769
- Loss
- -€14,365
Turnover not published (micro format)
Why 53raises riskCapped at 59: negative equityNegative equity -€3,769Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €425,724Liquidity: current ratio 0.23, cash €96,723Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 43, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
24-3
equity -0.9% of total assets
Liquidity
28+6
short-term debt 100.9% · cash 22.7%
Profitability
65=
return on assets -3.4%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 1.9%
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 2.3%▲ +0.4 percentage points vs 02-2025
04-2025: 2.4%▲ +0.1 percentage points vs 03-2025
05-2025: 2.7%▲ +0.3 percentage points vs 04-2025
06-2025: 2.7%● unchanged vs 05-2025
07-2025: 3.0%▲ +0.3 percentage points vs 06-2025
08-2025: 3.0%● unchanged vs 07-2025highest value
09-2025: 0.9%▼ -2.1 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.9%▼ -0.1 percentage points vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 0.9%▼ -0.2 percentage points vs 07-2026
09-2026: 0.8%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.23, compared with 0.2 in 2024, below 1; short-term debt: 100.9% and cash: 22.7% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 8% on solvency, 17% on liquidity, 31% on profitability and 3% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
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 -€3,769
raises risk · Young company
Founded in 2023, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
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 23-07-2026, 8 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
8 days early
2024
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 1 day before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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.
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: HIEL Reinout Maria Theo…
Key points
By topic
Board & ownership
- Board
- 1 member
- HIEL Reinout Maria TheoDirector
Timeline
- Events
- 3
- Since
- 2023
- Next accounts
- by 31-07-2027
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 04-12-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
See the provisions in the deeds
Go to Articles of associationKey facts about Union Lumière
- What is the company number of Union Lumière?
- 1002.974.060. In Belgium the VAT number is the company number with BE in front: BE 1002.974.060.
- Where is Union Lumière based?
- The registered office is at Koning Boudewijnstraat 48, 9000 Gent.Company details
- What does Union Lumière do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of Union Lumière?
- Private limited company (BV).
- When was Union Lumière founded?
- On 04-12-2023.
- Is Union Lumière still active?
- Yes, Union Lumière is an active enterprise in the KBO register.
- What is the turnover of Union Lumière?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Union Lumière profitable?
- In financial year 2025, Union Lumière made a loss of €14,365.
- Where can I find the annual accounts of Union Lumière?
- Union Lumière filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Union Lumière due?
- By 31-07-2027, for financial year 2026.Timeline
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