ACTIVE

LUMAP

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Financial year 2025 · closed on 31/12/2025

Net result

59,2 k €

+100.3% YoY

Gross margin

589,9 k €

+29.6% YoY

Equity

1,5 M €

+4.2% YoY

Workforce

9,4 ETP

+10.6% YoY

What does LUMAP do?

LUMAP is a Public limited company incorporated in 1990. Its registered office is in Oudenaarde. It employs on average 9,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.928.238

Incorporation

21/11/1990

Legal form

Public limited company

Registered office

Westerring 35
9700 Oudenaarde · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

9,4 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	589,9 k €	+29.6%	455,1 k €	+4.2%	436,7 k €	-12.5%	499,2 k €	+3.7%	481,4 k €	+41.5%	340,2 k €	-2.1%	347,7 k €	+14.8%	302,9 k €	+41.4%	214,1 k €	+11.3%	192,3 k €	-15.3%	227,1 k €	+26.0%	180,3 k €	+66.3%	108,4 k €	-53.4%	232,9 k €	-5.1%	245,4 k €	-16.3%	293,3 k €	-2.2%	299,8 k €	+6.4%	281,7 k €	+3.2%	272,8 k €	-21.1%	345,6 k €
EBITDA	179,6 k €	+40.1%	128,2 k €	-7.2%	138,1 k €	-32.7%	205,4 k €	-0.8%	207 k €	+115%	96,3 k €	-26.4%	130,9 k €	+23.6%	105,8 k €	+173%	38,7 k €	-7.6%	41,9 k €	+28.0%	32,8 k €	-37.3%	52,2 k €	-30.0%	74,6 k €	-21.9%	95,5 k €	-7.1%	102,8 k €	-21.9%	131,6 k €	-13.3%	151,8 k €	+21.0%	125,4 k €	+313%	30,4 k €	-83.8%	187,4 k €
Operating result	102,5 k €	+68.4%	60,9 k €	-37.3%	97,1 k €	-46.8%	182,3 k €	-3.9%	189,7 k €	+146%	77,3 k €	-26.0%	104,4 k €	+52.4%	68,5 k €	+287%	17,7 k €	+175%	6,4 k €	+199%	-6,5 k €	-145%	14,6 k €	-65.8%	42,6 k €	-33.0%	63,6 k €	+14.1%	55,7 k €	-0.8%	56,2 k €	-16.3%	67,1 k €	+8.3%	61,9 k €	+404%	-20,4 k €	-118%	110,6 k €
Net result	59,2 k €	+100%	29,5 k €	-61.5%	76,7 k €	-47.0%	144,7 k €	-6.5%	154,7 k €	+118%	70,8 k €	-18.6%	87 k €	+46.7%	59,3 k €	+255%	16,7 k €	+176%	6,1 k €	+410%	-2 k €	-118%	11,1 k €	-44.4%	20 k €	-30.9%	28,9 k €	+16.3%	24,9 k €	+29.3%	19,2 k €	-30.9%	27,8 k €	+29.5%	21,5 k €	-89.7%	208,3 k €	+512%	34 k €
Balance sheet
Equity	1,5 M €	+4.2%	1,4 M €	+2.1%	1,4 M €	+5.8%	1,3 M €	+12.4%	1,2 M €	+15.3%	1 M €	+7.5%	941 k €	+10.2%	854 k €	+7.5%	794,7 k €	+2.1%	778 k €	+0.8%	771,9 k €	-0.3%	773,9 k €	+1.5%	762,7 k €	+2.7%	742,8 k €	+4.1%	713,8 k €	+3.6%	689 k €	+2.9%	669,8 k €	+4.3%	641,9 k €	+3.5%	620,5 k €	+50.5%	412,2 k €
Total assets	3,1 M €	+4.2%	3 M €	-7.3%	3,2 M €	+43.3%	2,2 M €	+5.6%	2,1 M €	+15.6%	1,8 M €	+4.7%	1,8 M €	+6.3%	1,7 M €	+7.6%	1,5 M €	+0.5%	1,5 M €	+7.3%	1,4 M €	-4.6%	1,5 M €	+7.4%	1,4 M €	+4.8%	1,3 M €	+5.2%	1,3 M €	+0.4%	1,3 M €	-8.0%	1,4 M €	+4.0%	1,3 M €	-3.3%	1,4 M €	-14.3%	1,6 M €
Cash	269,6 k €	+26.7%	212,8 k €	-55.1%	473,5 k €	+159%	182,6 k €	-19.6%	227 k €	+72.1%	131,9 k €	+40.7%	93,7 k €	+333%	21,7 k €	-74.0%	83,2 k €	+26.8%	65,6 k €	-33.6%	98,8 k €	-3.2%	102,1 k €	+67.7%	60,9 k €	+35.5%	44,9 k €	+9.8%	40,9 k €	-26.2%	55,4 k €	-49.6%	110 k €	+1.9%	108 k €	+48.1%	72,9 k €	+104%	35,7 k €
Debts	1,6 M €	+2.1%	1,6 M €	-14.3%	1,8 M €	+100%	913,9 k €	-2.3%	935,1 k €	+18.7%	788 k €	-3.6%	817,7 k €	+4.2%	784,8 k €	+5.5%	743,6 k €	-1.3%	753,4 k €	+15.2%	653,7 k €	-9.4%	721,5 k €	+14.6%	629,7 k €	+24.9%	504,3 k €	+7.7%	468 k €	-4.1%	487,8 k €	-21.2%	618,7 k €	+3.7%	596,9 k €	-10.3%	665,7 k €	-43.1%	1,2 M €
Other
Workforce	9,4 ETP	+10.6%	8,5 ETP	+7.6%	7,9 ETP	-4.8%	8,3 ETP	-3.5%	8,6 ETP	+6.2%	8,1 ETP	+20.9%	6,7 ETP	+13.6%	5,9 ETP	+7.3%	5,5 ETP	+22.2%	4,5 ETP	-25.0%	6,0 ETP	+13.2%	5,3 ETP	+8.2%	4,9 ETP	-9.3%	5,4 ETP	+3.8%	5,2 ETP	-16.1%	6,2 ETP	+8.8%	5,7 ETP	+5.6%	5,4 ETP	-12.9%	6,2 ETP	-10.1%	6,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

Bert De Smet

Director · since 01 juin 2016

Active

Ended mandates

VOORUIT

Managing director · since 01 juin 2016 · until 01 juin 2022 · 0831.651.472

Represented by Bert De Smet

Ended

VOORUIT

Managing director · since 01 juin 2016 · until 01 juin 2022 · 0831.651.472

Represented by Bert De Smet

Ended

VOORUIT

Managing director · since 20 décembre 2010 · until 20 décembre 2016 · 0831.651.472

Represented by Bert De Smet

Ended

VOORUIT

Managing director · since 20 décembre 2010 · until 20 décembre 2016 · 0831.651.472

Represented by Bert De Smet

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/08/2026	19/08/2025	27/08/2024	29/08/2023	23/08/2022	17/08/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	20/08/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	19/08/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	23/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	14/08/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	21/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	05/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

Bert De Smet

Director · since 01 juin 2016

Active

Ended mandates

VOORUIT

Managing director · since 01 juin 2016 · until 01 juin 2022 · 0831.651.472

Represented by Bert De Smet

Ended

VOORUIT

Managing director · since 01 juin 2016 · until 01 juin 2022 · 0831.651.472

Represented by Bert De Smet

Ended

VOORUIT

Managing director · since 20 décembre 2010 · until 20 décembre 2016 · 0831.651.472

Represented by Bert De Smet

Ended

VOORUIT

Managing director · since 20 décembre 2010 · until 20 décembre 2016 · 0831.651.472

Represented by Bert De Smet

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates23/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/05/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202559,2 k €↑
2024
Annual accounts 202429,5 k €↓
2023
Annual accounts 202376,7 k €↓
2022
Annual accounts 2022144,7 k €↓
2021
Annual accounts 2021154,7 k €↑
2020
Annual accounts 202070,8 k €↓
2019
Annual accounts 201987 k €↑
2018
Annual accounts 201859,3 k €↑
2017
Annual accounts 201716,7 k €↑
2016
Annual accounts 20166,1 k €↑
2015
Annual accounts 2015-2 k €↓
2014
Annual accounts 201411,1 k €↓
2013
Annual accounts 201320 k €↓
2012
Annual accounts 201228,9 k €↑
2011
Annual accounts 201124,9 k €↑
2010
Annual accounts 201019,2 k €↓
2009
Annual accounts 200927,8 k €↑
2008
Annual accounts 200821,5 k €↓
2007
Annual accounts 2007208,3 k €↑
2006
Annual accounts 200634 k €
21/11/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LUMAP

Overview

What does LUMAP do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline