Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 36.6 to 31.8.
Financials
Financial year 2025
Lumco from Gent, company number BE0839881725, closed financial year 2025 with a result of € 218,633 after tax. For that financial year Lumco recorded a gross margin of € 2 million and equity of € 758,705. Compared with financial year 2024, the result moved from € 328,217 to € 218,633. The company is profitable. 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 July 10, 2026.
€ 758,705
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 218,633
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 139,194
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 740,155.
People and assets in 2025
31.8
▼ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 15% vs 2024
€ 48,400 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.
€ 56,069
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 255,021
▼ 52% vs 2024
€ 109,913 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 508,800
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,677
▼ 81% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,186,204 | € 1,993,066 | € 2,578,964 | € 2,024,258 | ▼ 22% |
| Profit after taxes | € 210,729 | € 114,324 | € 328,217 | € 218,633 | ▼ 33% |
| Equity | € 276,532 | € 310,856 | € 540,072 | € 758,705 | ▲ 40% |
| Total debts | € 1,765,224 | € 1,701,334 | € 1,849,432 | € 1,020,216 | ▼ 45% |
| Cash | € 402,080 | € 229,026 | € 216,898 | € 139,194 | ▼ 36% |
| Land & buildings | € 578,504 | € 558,013 | € 537,521 | € 519,671 | ▼ 3% |
| Retained profit | € 257,982 | € 292,306 | € 521,522 | € 740,155 | ▲ 42% |
| Dividend | € 160,000 | € 80,000 | € 99,000 | € 0 | ▼ 100% |
| Bank debt | € 536,705 | € 484,832 | € 534,411 | € 255,021 | ▼ 52% |
| Balance sheet total | € 2,041,755 | € 2,012,190 | € 2,414,504 | € 1,778,921 | ▼ 26% |
| Employees (FTE) | 36.1 | 36.6 | 35.3 | 31.8 | ▼ 3.5 |
Key figures of Lumco, 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 Lumco?
What happened at Lumco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 218,633 (▼ 33% vs 2024). Source: NBB ↗
- SOLARIVO BV became a director. NBB
- TUST BV became a director. NBB
- BETIS BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 210,729 profit in 2022 to € 218,633 profit in 2025.
Paid € 299,403 in corporate taxes since 2022.
Best year ever: 2024, with € 328,217 profit.
On average € 63,700 of value added per employee in 2025.
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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 BETIS, TUST, Shikeh, SOLARIVO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LumcoBehind Lumco are TUST BV, Shikeh BV, BETIS BV and SOLARIVO BV. The shares are held by BETIS (50%), TUST (40%), Shikeh (15%) and SOLARIVO.
Directors
According to the 2025 annual accounts
Director · represented by Stephan Tuytschaever
since 2023
Director · represented by Pim Verstraeten
Director · represented by Hans Van Hooland
since 2023
Director · represented by Mathias Van Ongevalle
since 2023
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Watlingtonstraat 6
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SQUARESPACE - Squarespace, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0839.881.725
- VAT number
- BE 0839.881.725
- Registered office
- Watlingtonstraat 6, 9000 Gent
- Names & denominations
- Lumco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2011
- Peppol
- Active · Active since 12 Jun 2025
- Contact
- lumco.be [email protected] 09 257 57 57
- Activities · NACE
Dakwerkzaamheden