Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
iLUMENATE from Brugge, company number BE0653715365, closed financial year 2025 with a result of € -95,653 after tax. For that financial year iLUMENATE recorded a gross margin of € 71,079 and equity of € 799,428. Compared with financial year 2023, the result moved from € -14,059 to € -95,653. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 799,428
▲ € 821,347 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -95,653
▼ 580 % more loss than in 2023
Profit after tax over the fiscal year.
€ 4,426
▲ 175% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -123,772.
Debts at end 2025
€ 583,611
€ 43,333 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 9,227
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,759 | € -7,223 | € 230 | € 71,079 | ▲ € 70,849 |
| Profit after taxes | € -3,430 | € -7,925 | € -14,059 | € -95,653 | ▼ € 81,594 |
| Equity | € 65 | € -7,860 | € -21,919 | € 799,428 | ▲ € 821,347 |
| Total debts | € 123,571 | € 122,751 | € 124,470 | € 1,099,220 | ▲ € 974,750 |
| Cash | € 2,628 | € 1,113 | € 1,609 | € 4,426 | ▲ 175% |
| Land & buildings | - | - | - | € 1,788,107 | |
| Retained profit | € -6,135 | € -14,060 | € -28,119 | € -123,772 | ▼ € 95,653 |
| Bank debt | € 0 | € 0 | € 0 | € 583,611 | |
| Balance sheet total | € 123,635 | € 114,890 | € 102,551 | € 1,898,648 | ▲ € 1.8 million |
Key figures of iLUMENATE, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to iLUMENATE?
What happened at iLUMENATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 95,653. Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
- Induled bv became a director. NBB
In short
From € 3,430 loss in 2021 to € 95,653 loss in 2025.
Management
Behind iLUMENATE is Induled bv. Induled bv is also behind P1 COATINGS, GOVAERE and PEELTEX.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Valkenbosdreef 5
8200 Brugge
Peraltastraat 41
8000 Brugge
Active since 2 May 2016
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.
Details
- Company number
- 0653.715.365
- VAT number
- BE 0653.715.365
- Registered office
- Valkenbosdreef 5, 8200 Brugge
- Names & denominations
- iLUMENATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2016
- Peppol
- Active · Active since 25 Sept 2025
- Activities · NACE
Groothandel in verlichtingsapparatuur
Overige bouwinstallatie
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Algemene elektrotechnische installatiewerken
Vervaardiging van verlichtingsapparaten
Verhuur en exploitatie van terreinen
Overige bouwinstallatie, n.e.g.