LUMIERE PUBLISHING
ActiveSummary
The annual accounts of LUMIERE PUBLISHING for fiscal year 2025 show a net loss of 235% of the equity at the start of that year. The 2025 annual accounts show equity of €4.04M and a net result of €-648k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 186 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency70▲+41
Growth46▲+11
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.32 against 0.41 in 2024; short-term debt: 25.8% and cash: 0.2% of total assets), and 55.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.9%
Return on assets
-7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
369 d late
2023
51 d late
2022
27 d late
2021
22 d late
2020
26 d late
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.68M▼ 11.8%
2024 · €3.04M
2018: €2.65M
2019: €1.77M
2020: €1.59M
2021: €2.61M
2022: €3.33M
2023: €4.21M
2024: €3.04M
2018 → 2025
EBIT margin
-18.3%▼ 11.0pp
2024 · -7.3%
2018: 21.2%
2019: 1.3%
2020: -3.5%
2021: 14.1%
2022: 10.7%
2023: 7.2%
2024: -7.3%
2018 → 2025
Net result
€-648k▼ 52.1%
2024 · €-426k
2018: €414k
2019: €19k
2020: €-222k
2021: €249k
2022: €255k
2023: €101k
2024: €-426k
2018 → 2025
Working capital
€-1.59M▲ 20.9%
2024 · €-2.01M
2018: €-1.90M
2019: €-2.16M
2020: €-6.40M
2021: €-1.82M
2022: €-1.43M
2023: €-1.75M
2024: €-2.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.61M-€3.33M▲ 27.7%€4.21M▲ 26.4%€3.04M▼ 27.7%€2.68M▼ 11.8%
Equity€345k-€600k▲ 74.0%€701k▲ 16.9%€275k▼ 60.8%€4.04M▲ 1,369%
Operating result€368k-€358k▼ 2.8%€304k▼ 15.1%€-224k€-492k▼ 120%
Net result€249k-€255k▲ 2.6%€101k▼ 60.3%€-426k€-648k▼ 52.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €492k in 2025 against €224k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.01M
Fixed assets
€8.28M ▲ 48.9%
Current assets
€734k ▼ 46.9%
Equity and liabilities €9.01M
Equity
€4.04M ▲ 1,369%
Debt
€4.97M ▼ 25.5%
Debt's share of the balance-sheet total falls from 96.0% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.07M▼
2024 · €1.35M
Cash flow
€916k▼
2024 · €1.14M
Current ratio
0.32▼
2024 · 0.41
Debt to equity
1.23▼
2024 · 24.23
ROE
-16.0%▲
2024 · -154.8%
ROA
-7.2%▼
2024 · -6.1%
Interest coverage
5.25▲
2024 · 5.14
Debt ≤ 1 year
€2.32M▼
2024 · €3.39M
Debt > 1 year
€1.82M▼
2024 · €2.32M
Staff costs
€316k▼
2024 · €330k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.95M€9.01M▲
Fixed assets21/28€5.56M€8.28M▲
Intangible fixed assets21€3.41M€2.71M▼
Tangible fixed assets22/27€90k€96k▲
Furniture and vehicles24€14k€21k▲
Other tangible fixed assets26€76k€75k▼
Financial fixed assets28€2.06M€5.47M▲
Current assets29/58€1.38M€734k▼
Amounts receivable within one year40/41€656k€519k▼
Trade receivables40€650k€504k▼
Other amounts receivable41€6k€15k▲
Cash at bank and in hand54/58€329k€18k▼
Deferred charges and accrued income490/1€398k€197k▼
Equity and liabilities
Total equity and liabilities10/49€6.95M€9.01M▲
Equity10/15€275k€4.04M▲
Contributions10/11€869k€5.28M▲
Capital10€869k€5.28M▲
Issued capital100€869k€5.28M▲
Reserves13€1.84M€1.84M=
Non-distributable reserves130/1€87k€87k=
Legal reserve130€87k€87k=
Tax-exempt reserves132€31k€31k=
Distributable reserves133€1.72M€1.72M=
Profit (loss) carried forward14€-2.43M€-3.08M▼
Amounts payable17/49€6.67M€4.97M▼
Amounts payable after more than one year17€2.32M€1.82M▼
Financial debts170/4€2.32M€1.82M▼
Amounts payable within one year42/48€3.39M€2.32M▼
Financial debts43-€500k
Credit institutions430/8-€500k
Trade debts44€1.69M€1.77M▲
Suppliers440/4€1.69M€1.77M▲
Taxes, remuneration and social security45€32k€50k▲
Taxes450/3€136€19k▲
Remuneration and social security454/9€31k€31k▼
Other amounts payable47/48€1.67M-
Accrued charges and deferred income492/3€954k€823k▼
Income statement
Code20242025
Turnover70€3.04M€2.68M▼
Non-recurring operating income76A€164€2k▲
Goods, raw materials, services and sundry goods60/61€1.36M€1.29M▼
Remuneration, social security and pensions62€330k€316k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.57M€1.56M▼
Other operating charges640/8€8k€3k▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€1.68M€1.40M▼
Operating profit (loss)9901€-224k€-492k▼
Financial income75/76B€59k€48k▼
Recurring financial income75€59k€48k▼
Financial charges65/66B€262k€204k▼
Recurring financial charges65€262k€204k▼
Profit (loss) for the period before taxes9903€-426k€-648k▼
Profit (loss) for the period9904€-426k€-648k▼
Profit (loss) for the period to be appropriated9905€-426k€-648k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.43M€-3.08M▼
Profit (loss) brought forward from the previous period14P€-2.00M€-2.43M▼
Social balance
Average headcount (FTE)90875.04.8▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 369 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 369 days late
2025
31-12
Financial
Weakest financial yearnet €-648k
Net result drops to €-648k, the lowest in the series.
31-12
Financial
Equity above €2MEq €4.04M ▲1369%
Equity rises from €275k to €4.04M.
19-12
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Statutes amendment5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Capital · Statutes amendment5 facts ▸
- General meeting, 12-12-2025
- Capital increase, €4.416.322,73
- Capital, €5.284.922,73
- Statutes amendment
- Liquidation preference, In geval van vereffening wordt het netto-actief eerst toegewezen aan de Soort B aandelen ten belope van de kapitaalinbreng van de Soort B-aandeelhouder; vervolg…
25-03
State Gazette act
Resignation: Sens Commun BV (director)Permanent representative: Benjamin Salaets · Power of attorney5 facts ▸
State Gazette act
Resignation: Sens Commun BV (director)
Permanent representative: Benjamin Salaets · Power of attorney5 facts ▸
- General meeting, 21-02-2025
- Director resignation, Sens Commun BV (director)
- Permanent representative, Benjamin Salaets
- Power of attorney, Sens Commun BV
- Power of attorney, Benjamin Salaets
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
17-10
State Gazette act
Resignation: Marike Muselaers (director)Appointment: Sens Commun BV (director) · Permanent representative: Benjamin Salaets · Reappointments: Annemie Degryse (director) and Alexander Vandeputte (director)6 facts ▸
State Gazette act
Resignation: Marike Muselaers (director)
Appointment: Sens Commun BV (director) · Permanent representative: Benjamin Salaets · Reappointments: Annemie Degryse (director) and Alexander Vandeputte (director)6 facts ▸
- General meeting, 04-08-2023
- Director resignation, Marike Muselaers (director)
- Director appointment, Sens Commun BV (director)
- Permanent representative, Benjamin Salaets
- Director reappointment, Annemie Degryse (director)
- Director reappointment, Alexander Vandeputte (director)
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
31-12
Financial
Equity above €500kEq €600k ▲74%
2 profitable years in a row build equity to €600k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
Show earlier events
2021
31-12
Financial
Back to profitnet €249k
Net result €249k after one loss-making year.
31-12
Financial
Equity above €200kEq €345k ▲259%
Equity rises from €96k to €345k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
15-07
State Gazette act
Reappointment: Annemie Degryse (director)Resignation: Jan De Clercq (director) · Appointment: Marike Muselaers (director)4 facts ▸
State Gazette act
Reappointment: Annemie Degryse (director)
Resignation: Jan De Clercq (director) · Appointment: Marike Muselaers (director)4 facts ▸
- General meeting, 19-06-2020
- Director reappointment, Annemie Degryse (director)
- Director resignation, Jan De Clercq (director)
- Director appointment, Marike Muselaers (director)
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
State Gazette act
Reappointment: Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor)2 facts ▸
State Gazette act
Reappointment: Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor)
2 facts ▸
- General meeting, 25-05-2019
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren CVBA (statutory auditor)
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-03
State Gazette act
Reappointments: Jan De Clercq (director) and Alexander Vandeputte (director)Resignation: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Permanent representative: Leen Defoer8 facts ▸
State Gazette act
Reappointments: Jan De Clercq (director) and Alexander Vandeputte (director)
Resignation: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor) · Permanent representative: Leen Defoer8 facts ▸
- General meeting, 28-05-2016
- Director reappointment, Jan De Clercq (director)
- Director reappointment, Alexander Vandeputte (director)
- Mandate compensation, Jan De Clercq
- Mandate compensation, Alexander Vandeputte
- Director resignation, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
- Permanent representative, Leen Defoer (company auditor)
2016
08-04
State Gazette act
Appointments: Jan De Clerca, Alexander Vandeputte and Annemie Degryse4 facts ▸
State Gazette act
Appointments: Jan De Clerca, Alexander Vandeputte and Annemie Degryse
4 facts ▸
- Board meeting, 19-02-2016
- Director appointment, Jan De Clerca (managing director)
- Director appointment, Alexander Vandeputte (managing director)
- Director appointment, Annemie Degryse (managing director)
2014
28-02
State Gazette act
Reappointment: BV CVBA Ernst & Young, Lippens & Rabaey Audit (statutory auditor)Mandate compensation3 facts ▸
State Gazette act
Reappointment: BV CVBA Ernst & Young, Lippens & Rabaey Audit (statutory auditor)
Mandate compensation3 facts ▸
- General meeting, 11-06-2013
- Auditor reappointment, BV CVBA Ernst & Young, Lippens & Rabaey Audit
- Mandate compensation, BV CVBA Ernst & Young, Lippens & Rabaey Audit
12-02
State Gazette act
Resignation: Gert Van Huffel (director)Appointment: Annemie Degryse (director)3 facts ▸
State Gazette act
Resignation: Gert Van Huffel (director)
Appointment: Annemie Degryse (director)3 facts ▸
- General meeting, 15-01-2014
- Director resignation, Gert Van Huffel (director)
- Director appointment, Annemie Degryse (director)
2013
05-08
State Gazette act
Resignation: JAN ALEXANDER (director)Appointment: GERT VAN HUFFEL (director)3 facts ▸
State Gazette act
Resignation: JAN ALEXANDER (director)
Appointment: GERT VAN HUFFEL (director)3 facts ▸
- General meeting, 11-06-2013
- Director resignation, JAN ALEXANDER (director)
- Director appointment, GERT VAN HUFFEL (director)
2012
24-08
State Gazette act
Resignation: DANIEL VERCAUTEREN (director)Appointment: JAN ALEXANDER (director)3 facts ▸
State Gazette act
Resignation: DANIEL VERCAUTEREN (director)
Appointment: JAN ALEXANDER (director)3 facts ▸
- General meeting, 01-06-2012
- Director resignation, DANIEL VERCAUTEREN (director)
- Director appointment, JAN ALEXANDER (director)
2011
04-03
State Gazette act
Resignation: EMMANUEL DAMMAN (director)Appointment: DANIEL VERCAUTEREN (director)3 facts ▸
State Gazette act
Resignation: EMMANUEL DAMMAN (director)
Appointment: DANIEL VERCAUTEREN (director)3 facts ▸
- General meeting, 30-09-2010
- Director resignation, EMMANUEL DAMMAN (director)
- Director appointment, DANIEL VERCAUTEREN (director)
2010
30-07
State Gazette act
Appointments: Emmanuel Damman (director) and Grant Thornton, Lippens & Rabaey BVCV (statutory auditor)Permanent representative: Leen Defoer · Capital increase · Bank account17 facts ▸
State Gazette act
Appointments: Emmanuel Damman (director) and Grant Thornton, Lippens & Rabaey BVCV (statutory auditor)
Permanent representative: Leen Defoer · Capital increase · Bank account17 facts ▸
- General meeting, 09-07-2010
- Capital increase, €750.000
- Bank account, BE19 7370 3107 5712
- Share issue, Anti-dilutie Warrants, 4
- Capital, €868.600
- Statutes amendment
- Director appointment, Emmanuel Damman (director)
- Mandate compensation, Emmanuel Damman
- Auditor appointment, Grant Thornton, Lippens & Rabaey BVCV (statutory auditor)
- Permanent representative, Leen Defoer
- Share split, 100, 10000
- Share class creation
- +5 further facts in this act
16-07
State Gazette act
Resignations: Alexander Vandeputte (statutory manager) and Jan De Clercq (gewone zaakvoerder)Appointments: Alexander Vandeputte (director) and Jan De Clercq (director) · Approval · Net-asset statement15 facts ▸
State Gazette act
Resignations: Alexander Vandeputte (statutory manager) and Jan De Clercq (gewone zaakvoerder)
Appointments: Alexander Vandeputte (director) and Jan De Clercq (director) · Approval · Net-asset statement15 facts ▸
- General meeting, 28-06-2010
- Approval
- Net-asset statement, 31-03-2010
- Director resignation, Alexander Vandeputte (statutory manager)
- Director resignation, Jan De Clercq (gewone zaakvoerder)
- Director discharge, Alexander Vandeputte (manager)
- Director discharge, Jan De Clercq (manager)
- Legal-form conversion, naamloze vennootschap
- Capital, €118.600
- Director appointment, Alexander Vandeputte (director)
- Director appointment, Jan De Clercq (director)
- Mandate compensation, Alexander Vandeputte
- +3 further facts in this act
03-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 22-03-2010
- Registered-office move, Hof ter Mere 28 - 9000 Gent
2006
29-05
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Power of attorney4 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney4 facts ▸
- General meeting, 15-05-2006
- Capital increase, €100.000
- Capital, €118.600
- Power of attorney, Pierre Thomas
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2025
Annemie Degryse
CurrentDirector · since 15-01-2014
Alexander Vandeputte
CurrentDirector · since 28-06-2010
Jan De Clerca
Not recently confirmedManaging director · since 19-02-2016
21-02-2025
Sens Commun: Resigned as Director
04-08-2023
Annemie Degryse: Mandate renewed as Director
04-08-2023
Alexander Vandeputte: Mandate renewed as Director
04-08-2023
Sens Commun: Appointed as Director
04-08-2023
Marike Muselaers: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hof ter Mere 289000 GentGround area
728 m²
Building footprint
430 m²
Volume, LiDAR
1,405 m³
Parcel 44809I0623/00D004, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LUMIERE PUBLISHING
since 20012.116.210.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0623/00D004 | Flanders | 728 m² | 1 · 430 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
| BVCV Grant Thornton, Lippens & Rabaey Statutory auditor · represented by Leen Defoer succeeded by Ernst & Young, Lippens & Rabaey Audit BV CVBA in 2013 | 09-07-2010 → 11-06-2013 |
Show 3 earlier auditors
| Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor · represented by Leen Defoer succeeded by Ernst et Young Reviseurs d'Entreprises in 2019 | 28-05-2016 → 25-05-2019 |
| Ernst & Young, Lippens & Rabaey Audit BV CVBA Auditor succeeded by Ernst & Young Bedrijfsrevisoren BCVBA in 2016 | 11-06-2013 → 28-05-2016 |
| Ernst et Young Reviseurs d'Entreprises Statutory auditor | 25-05-2019 → 02-07-2019 |
Articles of association
Purpose
De exploitatie en distributie van speelfilms en professionele adviesverlening
Full purpose
De exploitatie en distributie van speelfilms en professionele adviesverlening.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
Shared director
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Show 3 more companies with a shared director
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Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 29-05-2006 ↗
- Jan De Clercq 50,000 EUR
- Alexander Vandeputte 50,000 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 19-12-2025 Capital increase of 4,416,322.73 EUR · to 5,284,922.73 EUR · 62,579 new shares · in kind
- 30-07-2010 Capital increase of 750,000 EUR · to 868,600 EUR · 2,308 new shares
- 16-07-2010 Capital stated in the act · 118,600 EUR · 100 shares
- 29-05-2006 Capital increase of 100,000 EUR · to 118,600 EUR · in cash
Public money · subsidies and aid
European Union, budget
2024 · 1 entry · 20,596 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 20,596 EUR |
Projects
LP NV - REINVESTMENT AUTOMATIC DISTRIBUTION SUPPORT FOR EUROPEAN NON-NATIONAL FILMS IN BELGIUM
European research
1 project · 86,875 EUR EU contributionProgrammes
Horizon Europe
Projects
CRESCINE – INCREASING THE INTERNATIONAL COMPETITIVENESS OF THE FILM INDUSTRY IN SMALL EUROPEAN MARKETS
Recognitions · licences · registrations
Legal Entity Identifier
549300MYDIZE4GZXQC40
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Of 312 companies in sector 59130 we hold annual accounts for 122. 22 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
59130Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.