Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 17.6 to 12.8.
Financials
Financial year 2025
Luzmo from Leuven, company number BE0640944227, closed financial year 2025 with a result of € -615,134 after tax. For that financial year Luzmo recorded a gross margin of € 739,455 and equity of € 4.9 million. Compared with financial year 2024, the result moved from € -2.4 million to € -615,134. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 4.9 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -615,134
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.2 million.
People and assets in 2025
12.8
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 9% vs 2024
€ 99,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,423
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 12,731
▲ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 361,545
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 174,264
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 649,740 | € -730,274 | € -1,206,672 | € 739,455 | ▲ € 1.9 million |
| Profit after taxes | € -911,036 | € -2,490,932 | € -2,419,917 | € -615,134 | ▲ € 1.8 million |
| Equity | € 10,408,824 | € 7,917,892 | € 5,497,975 | € 4,882,841 | ▼ 11% |
| Total debts | € 1,141,525 | € 1,654,139 | € 1,723,407 | € 1,784,352 | ▲ 4% |
| Cash | € 9,736,057 | € 1,433,343 | € 1,057,118 | € 1,651,389 | ▲ 56% |
| Retained profit | € -1,721,387 | € -4,212,319 | € -6,632,235 | € -7,247,370 | ▼ € 615,134 |
| Bank debt | € 17,745 | € 12,737 | € 9,937 | € 12,731 | ▲ 28% |
| Balance sheet total | € 11,550,348 | € 9,572,030 | € 7,221,382 | € 6,667,193 | ▼ 8% |
| Employees (FTE) | 18.5 | 17.6 | 14.7 | 12.8 | ▼ 1.9 |
Key figures of Luzmo, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Luzmo?
What happened at Luzmo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 615,134. Source: NBB ↗
- Braan BV became a director. NBB
- Haroen Vermylen became a director. NBB
- Wolfgang Krause became a director. NBB
- Karel Callens became a director. NBB
- Stijn Christiaens became a director. NBB
- LRM Beheer NV became a director. NBB
- Smartfin Ventures NV became a director. NBB
In short
From € 911,036 loss in 2022 to € 615,134 loss in 2025.
Paid € 816 in corporate taxes since 2022.
On average € 57,800 of value added per employee in 2025.
A new publication or filing at Luzmo? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SMARTFIN VENTURES, IN VEREFFENING, Smartfin Capital II, LIMBURGSE RECONVERSIE MAATSCHAPPIJ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LuzmoBehind Luzmo are LRM Beheer NV, Haroen Vermylen, Wolfgang Krause, Karel Callens, Stijn Christiaens and Smartfin Ventures NV. The shares are held by SMARTFIN VENTURES, IN VEREFFENING (19.1%), Smartfin Capital II (13.1%) and LIMBURGSE RECONVERSIE MAATSCHAPPIJ (11%). It owns 100% of Luzmo Inc itself.
Directors
According to the 2025 annual accounts
Director · represented by Koen Walbers
Also active at: Transport Marcel Depaire, Trafuco, Beltra - B, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, BlooLoc, be-DIVE, LRM Lease, RMW +62 more
since 2020
Haroen Vermylen
Director
since 2022
Wolfgang Krause
Director
since 2022
Karel Callens
Managing director
since 2022
Stijn Christiaens
Director
since 2022
Director · represented by Depuydt Thomas
since 2020
Director · represented by Debraekeleer Dirk
Also active at: Business Center Brussels West, MEDIAGENIX GROUP
since 2026
Shareholders
Participations
Luzmo Inc
100%
Establishments
Establishment units
Physical locations of this company
Martelarenlaan 38
3010 Leuven
Tiensevest 102 box 201
3000 Leuven
Active since 14 October 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
AWS Route 53
Domain
Domain
cumul.io
Registered
2014-11-21
Registrar
1API GmbH
Expires
2026-11-21
Website info
Features
Security
Network
Details
- Company number
- 0640.944.227
- VAT number
- BE 0640.944.227
- Registered office
- Martelarenlaan 38, 3010 Leuven
- Names & denominations
- Luzmo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 2015
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- cumul.io [email protected] +32-499-153861
- Activities · NACE
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Activiteiten van holdings
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Overige zakelijke dienstverlening, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
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