ACTIVE

Luzmo

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Financial year 2025 · closed on 31/12/2025
Net result
-615,1 k €
+74.6% YoY
Gross margin
739,5 k €
+161.3% YoY
Equity
4,9 M €
-11.2% YoY
Workforce
12,8 ETP
-12.9% YoY

What does Luzmo do?

Luzmo is a Public limited company incorporated in 2015. Its registered office is in Leuven. It employs on average 12,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0640.944.227
Incorporation
14/10/2015
Legal form
Public limited company
Registered office
Martelarenlaan 38
3010 Leuven · FlandreSee on map
Contributed capital
12 130 210,18 €
Latest accounts
31/12/2025
Average workforce
12,8 ETP
Joint committees (2)
  • 1000
  • 2000
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin739,5 k €-1,2 M €-730,3 k €649,7 k €548,7 k €657,3 k €516,8 k €173,2 k €-78,2 k €
EBITDA-553,3 k €-2,7 M €-2,4 M €-808,9 k €-438 k €33,9 k €70 k €-62,9 k €-135,2 k €
Operating result-624,1 k €-2,7 M €-2,6 M €-909,5 k €-518 k €-27 k €18,6 k €-88,6 k €-138,5 k €
Net result-615,1 k €-2,4 M €-2,5 M €-911 k €-538,2 k €-48,9 k €12,3 k €-91 k €-142 k €
Balance sheet
Equity4,9 M €5,5 M €7,9 M €10,4 M €2,3 M €2,9 M €406,6 k €394,3 k €485,3 k €
Total assets6,7 M €7,2 M €9,6 M €11,6 M €3,3 M €3,6 M €871,5 k €606,6 k €589,5 k €
Cash1,7 M €1,1 M €1,4 M €9,7 M €2,2 M €3 M €246,6 k €385,6 k €502,8 k €
Debts548,5 k €582,1 k €687,1 k €479,5 k €416,7 k €269,9 k €207,2 k €91,6 k €38,2 k €
Other
Workforce12,8 ETP14,7 ETP17,6 ETP18,5 ETP15,6 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 24 ended

Active mandates

BRAAN

Director · since 23 janvier 2026 · 0508.915.151

Represented by Debraekeleer Dirk

Active
Haroen Vermylen

Director · since 16 décembre 2022

Active
Karel Callens

Managing director · since 16 décembre 2022

Active
Stijn Christiaens

Director · since 16 décembre 2022

Active
Wolfgang Krause

Director · since 16 décembre 2022

Active
LRM Beheer

Director · since 10 décembre 2020 · 0440.550.442

Represented by Koen Walbers

Active
SMARTFIN VENTURES, IN VEREFFENING

Director · since 10 décembre 2020 · 0671.644.727

Represented by Depuydt THOMAS

Active

Ended mandates

Thomas De Clerck

Director · since 16 décembre 2022

Ended
Axeleo Capital, SAS, RCS 824.690.002

Director · since 10 décembre 2020 · until 28 mai 2027 · 0758.393.312

Represented by Eric Burdier

Ended
Haroen Vermylen

Director · since 10 décembre 2020 · until 28 mai 2027

Ended
Haroen Vermylen

Director · since 10 décembre 2020

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202624/06/202528/06/202426/06/202328/07/202230/07/2021
General meeting29/05/202630/05/202531/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202623/06/2026DutchPDF
Abridged model31/12/202430/05/202524/06/2025DutchPDF
Abridged model31/12/202331/05/202428/06/2024DutchPDF
Abridged model31/12/202226/05/202326/06/2023DutchPDF
Abridged model31/12/202127/05/202228/07/2022DutchPDF
Micro model31/12/202028/05/202130/07/2021DutchPDF
Micro model31/12/201929/05/202012/06/2020DutchPDF
Micro model31/12/201831/05/201917/07/2019DutchPDF
Micro model31/12/201725/05/201829/06/2018DutchPDF
Abridged model31/12/201626/05/201723/06/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

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 · 7 active · 24 ended

Active mandates

BRAAN

Director · since 23 janvier 2026 · 0508.915.151

Represented by Debraekeleer Dirk

Active
Haroen Vermylen

Director · since 16 décembre 2022

Active
Karel Callens

Managing director · since 16 décembre 2022

Active
Stijn Christiaens

Director · since 16 décembre 2022

Active
Wolfgang Krause

Director · since 16 décembre 2022

Active
LRM Beheer

Director · since 10 décembre 2020 · 0440.550.442

Represented by Koen Walbers

Active
SMARTFIN VENTURES, IN VEREFFENING

Director · since 10 décembre 2020 · 0671.644.727

Represented by Depuydt THOMAS

Active

Ended mandates

Thomas De Clerck

Director · since 16 décembre 2022

Ended
Axeleo Capital, SAS, RCS 824.690.002

Director · since 10 décembre 2020 · until 28 mai 2027 · 0758.393.312

Represented by Eric Burdier

Ended
Haroen Vermylen

Director · since 10 décembre 2020 · until 28 mai 2027

Ended
Haroen Vermylen

Director · since 10 décembre 2020

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office05/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Other12/04/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/12/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares10/11/2017
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office06/06/2017
    MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 2025-615,1 k €↑
  2. 2024
    Annual accounts 2024-2,4 M €↑
  3. 2023
    Annual accounts 2023-2,5 M €↓
  4. 2023
    Name changeLuzmo
  5. 2022
    Annual accounts 2022-911 k €↓
  6. 2021
    Annual accounts 2021-538,2 k €↓
  7. 2020
    Annual accounts 2020-48,9 k €↓
  8. 2019
    Annual accounts 201912,3 k €↑
  9. 2018
    Annual accounts 2018-91 k €↑
  10. 2017
    Annual accounts 2017-142 k €
  11. 2017
    Name changeCumul.io
  12. 14/10/2015
    IncorporationPublic limited company