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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Luminus Cities from Fleurus, company number BE0715825752, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year Luminus Cities recorded revenue of € 6.6 million and equity of € -22.7 million. Compared with financial year 2024, the result moved from € -13.9 million to € -2.7 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ -22.7 million
▼ € 2.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
▲ 81 % less loss than in 2024
Profit after tax over the fiscal year.
€ 602,045
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -33.8 million.
People and assets in 2025
38.8
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▼ 7% vs 2024
€ 79,300 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.
€ 144,418
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3 million
Loans from banks and other lenders, long and short.
€ 7.9 million
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 335 days on average.
€ 329,762
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,866,317 | € 8,857,238 | € 8,250,348 | € 6,552,519 | ▼ 21% |
| Profit after taxes | € -7,704,013 | € -10,588,930 | € -13,917,316 | € -2,682,140 | ▲ € 11.2 million |
| Equity | € -6,554,247 | € -6,143,177 | € -20,060,493 | € -22,742,633 | ▼ € 2.7 million |
| Total debts | € 21,583,919 | € 26,212,189 | € 26,867,693 | € 17,652,022 | ▼ 34% |
| Cash | € 5,891,361 | € 2,220,867 | € 715,498 | € 602,045 | ▼ 16% |
| Retained profit | € -6,615,747 | € -17,204,677 | € -31,121,993 | € -33,804,133 | ▼ € 2.7 million |
| Bank debt | € 45,736 | € 24,577 | € 3,003,246 | € 3,003,246 | |
| Balance sheet total | € 19,419,192 | € 26,279,833 | € 27,928,165 | € 15,144,515 | ▼ 46% |
| Employees (FTE) | 40.1 | 39.1 | 41.7 | 38.8 | ▼ 2.9 |
Key figures of Luminus Cities, 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 Luminus Cities?
What happened at Luminus Cities in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.7 million. Source: NBB ↗
- New establishment in Kontich. KBO
- New establishment in Fleurus. KBO
- Start of the company according to the CBE. KBO
In short
From € 7.7 million loss in 2022 to € 2.7 million loss in 2025.
Paid € 104,217 in corporate taxes since 2022.
Establishments
Establishment units
Physical locations of this company
Avenue du Marquis(FL) 34
6220 Fleurus
Mechelsesteenweg 315
2550 Kontich
Active since 1 October 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0715.825.752
- VAT number
- BE 0715.825.752
- Registered office
- Avenue du Marquis(FL) 34, 6220 Fleurus
- Names & denominations
- Luminus Cities
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2018
- Peppol
- Active · Active since 18 Dec 2025
- Contact
- [email protected] +3271496000
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