Luminus
0471.811.661 · rovalta.com · 22/09/2026
ACTIVE
Luminus
Financial year 2025 · closed on 31/12/2025
Net result
147,1 M €
-49.8% YoY
Revenue
3,1 Md €
-15.4% YoY
Equity
772,5 M €
+11.1% YoY
Workforce
1 181,2 ETP
+4.2% YoY
Overview
What does Luminus do?
Luminus is a Public limited company incorporated in 2000. Its registered office is in Saint-Josse-ten-Noode. It employs on average 1 181,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0471.811.661
Incorporation
03/05/2000
Legal form
Public limited company
Registered office
Boulevard du Roi Albert II 7
1210 Saint-Josse-ten-Noode · BruxellesSee on map
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital
540 855 389,91 €
Latest accounts
31/12/2025
Average workforce
1 181,2 ETP
Joint committees (1)
- 326
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue
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Financials
Trend over 9 financial years
| 2025 | 2024 | 2023 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Revenue | 3,1 Md € | -15.4% | 3,7 Md € | -19.8% | 4,6 Md € | +112% | 2,2 Md € | -13.6% | 2,5 Md € | +5.0% | 2,4 Md € | -21.0% | 3 Md € | +3.4% | 2,9 Md € | +14.9% | 2,5 Md € |
| EBITDA | 299,4 M € | -31.8% | 439 M € | +124% | 196,2 M € | +41.2% | 138,9 M € | +21.8% | 114,1 M € | +170% | 42,2 M € | -42.6% | 73,4 M € | -53.7% | 158,6 M € | -27.5% | 218,7 M € |
| Operating result | 183,6 M € | -45.7% | 338,2 M € | +224% | 104,4 M € | +493% | 17,6 M € | +24.7% | 14,1 M € | +125% | -56,3 M € | -146% | -22,9 M € | -135% | 65,3 M € | -44.8% | 118,4 M € |
| Net result | 147,1 M € | -49.8% | 292,8 M € | +257% | 82,1 M € | +634% | 11,2 M € | -1.2% | 11,3 M € | +117% | -64,8 M € | -201% | -21,5 M € | -139% | 54,9 M € | -16.9% | 66 M € |
| Balance sheet | |||||||||||||||||
| Equity | 772,5 M € | +11.1% | 695,5 M € | +43.9% | 483,3 M € | -26.3% | 655,5 M € | +0.2% | 654,2 M € | +1.8% | 642,5 M € | -9.1% | 706,7 M € | -7.4% | 762,8 M € | +16.0% | 657,4 M € |
| Total assets | 2,4 Md € | -15.9% | 2,8 Md € | -1.5% | 2,9 Md € | +65.2% | 1,7 Md € | -3.6% | 1,8 Md € | -1.4% | 1,8 Md € | +10.9% | 1,6 Md € | -9.3% | 1,8 Md € | +11.0% | 1,6 Md € |
| Cash | 254 M € | -55.1% | 566 M € | +19.0% | 475,7 M € | +204% | 156,4 M € | +162% | 59,6 M € | -63.3% | 162,5 M € | +182% | 57,5 M € | -81.1% | 304,1 M € | +540% | 47,5 M € |
| Debts | 857,3 M € | -23.8% | 1,1 Md € | -20.7% | 1,4 Md € | +112% | 668,8 M € | -5.4% | 707,2 M € | -12.4% | 807,1 M € | +37.8% | 585,9 M € | -16.5% | 701,7 M € | -11.8% | 795,3 M € |
| Other | |||||||||||||||||
| Workforce | 1 181,2 ETP | +4.2% | 1 134,1 ETP | +5.9% | 1 071,0 ETP | +19.3% | 898,1 ETP | +1.8% | 882,6 ETP | -2.4% | 904,5 ETP | -5.1% | 953,4 ETP | -0.2% | 955,6 ETP | +1.6% | 940,1 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
more than 1.000 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 16 active · 108 ended
Active mandates
Jonas Wielandts
ActiveDavid De Brabant
ActiveLies Laridon
ActiveFabrice FOURCADE
ActiveOlivier LAMARRE
ActiveSamuel FLAMERY
ActiveKarine REVCOLEVSCHI
ActiveBénedicte Regnier
ActiveLudy Modderie
ActiveAlain Decerf
ActiveBertrand DEMONCEAU
ActiveClaude Melen
ActiveActive
Active
Mohamed Taleb
ActiveBéatrice Buffon
ActiveEnded mandates
Ludy Modderie
EndedPaul De Fauw
EndedPaul De Fauw
EndedClaude MELEN
EndedAt this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 13/05/2026 | 15/05/2025 | 13/05/2024 | 24/05/2023 | 19/05/2022 | 17/05/2021 |
| General meeting | 29/04/2026 | 29/04/2025 | 29/04/2024 | 27/04/2023 | 28/04/2022 | 29/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
38 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 29/04/2026 | 13/05/2026 | French | |
| Full model | 31/12/2025 | 29/04/2026 | 13/05/2026 | Dutch | |
| Full model | 31/12/2024 | 29/04/2025 | 15/05/2025 | French | |
| Full model | 31/12/2024 | 29/04/2025 | 15/05/2025 | Dutch | |
| Full model | 31/12/2023 | 29/04/2024 | 13/05/2024 | Dutch | |
| Full model | 31/12/2023 | 29/04/2024 | 13/05/2024 | French | |
| Full model | 31/12/2022 | 27/04/2023 | 24/05/2023 | Dutch | |
| Full model | 31/12/2022 | 27/04/2023 | 24/05/2023 | French | |
| Full model | 31/12/2021 | 28/04/2022 | 19/05/2022 | Dutch | |
| Full model | 31/12/2021 | 28/04/2022 | 19/05/2022 | French | |
| Full model | 31/12/2020 | 29/04/2021 | 17/05/2021 | Dutch | |
| Full model | 31/12/2020 | 29/04/2021 | 17/05/2021 | French | |
| Full model | 31/12/2019 | 29/04/2020 | 18/05/2020 | French | |
| Full model | 31/12/2019 | 29/04/2020 | 18/05/2020 | Dutch | |
| Full model | 31/12/2018 | 29/04/2019 | 24/05/2019 | French | |
| Full model | 31/12/2018 | 29/04/2019 | 24/05/2019 | Dutch | |
| Full model | 31/12/2017 | 27/04/2018 | 09/05/2018 | Dutch | |
| Full model | 31/12/2017 | 27/04/2018 | 09/05/2018 | French | |
| Full model | 31/12/2016 | 27/04/2017 | 19/05/2017 | Dutch | |
| Full model | 31/12/2016 | 27/04/2017 | 19/05/2017 | French | |
| Full model | 31/12/2015 | 28/04/2016 | 20/05/2016 | Dutch | |
| Full model | 31/12/2015 | 28/04/2016 | 20/05/2016 | French | |
| Full model | 31/12/2014 | 29/04/2015 | 21/05/2015 | French | |
| Full model | 31/12/2014 | 29/04/2015 | 21/05/2015 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
more than 1.000 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 16 active · 108 ended
Active mandates
Jonas Wielandts
ActiveDavid De Brabant
ActiveLies Laridon
ActiveFabrice FOURCADE
ActiveOlivier LAMARRE
ActiveSamuel FLAMERY
ActiveKarine REVCOLEVSCHI
ActiveBénedicte Regnier
ActiveLudy Modderie
ActiveAlain Decerf
ActiveBertrand DEMONCEAU
ActiveClaude Melen
ActiveActive
Active
Mohamed Taleb
ActiveBéatrice Buffon
ActiveEnded mandates
Ludy Modderie
EndedPaul De Fauw
EndedPaul De Fauw
EndedClaude MELEN
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/08/2026DEMISSIONS, NOMINATIONS
- Mandates10/08/2026ONTSLAGEN - BENOEMINGEN
- Mandates19/06/2026DEMISSIONS, NOMINATIONS
- Mandates19/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates31/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates31/10/2025DEMISSIONS, NOMINATIONS
- Mandates12/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates12/08/2025DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 01/05/2026nominationJean-Michel Quilichini — administrateur de catégorie B
- 01/05/2026nominationJean-Michel Quilichini — bestuurder van klasse B
- 22/04/2026nominationBéatrice Buffon — administrateur de catégorie B
- 22/04/2026nominationSamuel Flamery — administrateur de catégorie B
- 22/04/2026nominationKarine Revcolevschi — administrateur de catégorie B
- 22/04/2026nominationBénédicte Regnier — administrateur de catégorie B
- 22/04/2026nominationMohamed Taleb — administrateur de catégorie B
- 22/04/2026nominationOlivier Lamarre — administrateur de catégorie B
- 22/04/2026nominationBéatrice Buffon — bestuurder van klasse B
- 22/04/2026nominationSamuel Flamery — bestuurder van klasse B
- 22/04/2026nominationKarine Revcolevschi — bestuurder van klasse B
- 22/04/2026nominationBénédicte Regnier — bestuurder van klasse B
- 22/04/2026nominationMohamed Taleb — bestuurder van klasse B
- 22/04/2026nominationOlivier Lamarre — bestuurder van klasse B
- 2025Annual accounts 2025147,1 M €↓
- 29/09/2025nominationJonas Wielandts — administrateur de catégorie A
- 29/09/2025nominationJonas Wielandts — bestuurder van klasse A
- 27/06/2025nominationNethys SA — voorzitter van de Raad van Bestuur
- 27/06/2025nominationNethys SA — Président du Conseil d'administration
- 29/04/2025nominationAxel Jorion — représentant permanent du commissaire
- 29/04/2025nominationAxel Jorion — vaste vertegenwoordiger (commissaris)
- 28/04/2025nominationLies Laridon — administrateur de catégorie A
- 28/04/2025nominationDavid De Brabant — administrateur de catégorie A
- 28/04/2025nominationLies Laridon — bestuurder van klasse A
- 28/04/2025nominationDavid De Brabant — bestuurder van klasse A
- 01/04/2025demissionLudy Modderie — bestuurder van klasse A
- 2024Annual accounts 2024292,8 M €↑
- 18/12/2024nominationFabrice Fourcade — administrateur de catégorie B
- 18/12/2024nominationFabrice Fourcade — bestuurder van klasse B
- 18/10/2024nominationSamuel Flamery — administrateur de catégorie B
- 18/10/2024nominationOlivier Lamarre — administrateur de catégorie B
- 18/10/2024nominationSamuel Flamery — bestuurder van klasse B
- 18/10/2024nominationOlivier Lamarre — bestuurder van klasse B
- 01/07/2024demissionFrançois Driesen — bestuurder van klasse B
- 21/06/2024demissionFlorence Schreiber — bestuurder van klasse B
- 29/04/2024nominationKarine Revcolevschi — administrateur de catégorie B
- 29/04/2024nominationKarine Revcolevschi — bestuurder van klasse B
- 01/04/2024nominationGrégoire Dallemagne — Chief Executive Officer ("CEO")
- 01/04/2024nominationBertrand Vanden Abeele — Chief Strategy & Business Development Officer
- 01/04/2024nominationJulien Doyard — Chief Financial Officer ("CFO")
- 01/04/2024nominationHenri Buenen — Chief Commercial Officer ("CCO")
- 01/04/2024nominationVéronique Vansteelandt — Chief HR Officer (“CHRO”)
- 01/04/2024nominationGregory Michiels — Corporate Director Optimisation
- 01/04/2024nominationFrederik Snoeck — Corporate Director Generation
- 01/04/2024nominationBruno Brusselmans — Chief Information Officer(“CIO”)
- 01/04/2024nominationRebecca De Meulder — General Counsel ("GC"), ook secretaris van de organen van de Vennootschap
- 01/04/2024nominationGrégoire Dallemagne — Chief Executive Officer (“CEO”)
- 01/04/2024nominationVéronique Vansteelandt — Chief HR Officer (*CHRO”)
- 01/04/2024nominationBruno Brusselmans — Chief Information Officer (“CIO”)
- 01/04/2024nominationRebecca De Meulder — General Counsel ("GC"), y compris secrétaire des organes de la Société
- 09/02/2024nominationBénédicte Regnier — administrateur de catégorie B
- 09/02/2024nominationBénédicte Regnier — bestuurder van klasse B
- 23/01/2024nominationRebecca De Meulder — General Counsel (en Corporate Secretary)
- 2023Annual accounts 202382,1 M €↑
- 01/11/2023nominationPaul De fauw — administrateur de catégorie A
- 01/11/2023nominationLudy Modderie — administrateur de catégorie A
- 01/11/2023nominationPaul De fauw — bestuurder van klasse A
- 01/11/2023nominationLudy Modderie — bestuurder van klasse A
- 01/11/2023nominationPaul De fauw — bestuurder van klasse A en voorzitter van de Raad van Bestuur
- 01/11/2023nominationPaul De fauw — Président du Conseil d'administration
- 27/04/2023nominationAlain Decerf — administrateur de catégorie A
- 27/04/2023nominationBertrand Demonceau — administrateur de catégorie A
- 27/04/2023nominationClaude Melen — administrateur de catégorie A
- 27/04/2023nominationAlain Decerf — bestuurder van klasse A
- 27/04/2023nominationBertrand Demonceau — bestuurder van klasse A
- 27/04/2023nominationClaude Melen — bestuurder van klasse A
- 09/12/2022nominationBertrand Demonceau — administrateur de catégorie A
- 09/12/2022nominationBertrand Demonceau — bestuurder van klasse A
- 28/04/2022reconductionKPMG Bedrijfsrevisoren — commissaris
- 28/04/2022reconductionAxel Jorion — Commissaire
- 17/02/2022nominationDéborah Géradon — bestuurder van klasse A
- 17/02/2022nominationDéborah Gérandon — administrateur de catégorie A
- 2020Annual accounts 202011,2 M €↓
- 2019Annual accounts 201911,3 M €↑
- 2018Annual accounts 2018-64,8 M €↓
- 2017Annual accounts 2017-21,5 M €↓
- 2016Annual accounts 201654,9 M €↓
- 2009Annual accounts 200966 M €
- 03/05/2000IncorporationPublic limited company