ACTIVE

LUMINAS

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Financial year 2025 · closed on 31/12/2025

Net result

10,9 k €

-3.0% YoY

Gross margin

49,7 k €

-19.5% YoY

Equity

1,3 M €

+0.8% YoY

Workforce

0,3 ETP

What does LUMINAS do?

LUMINAS is a Private limited company incorporated in 2007. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.166.939

Incorporation

22/03/2007

Legal form

Private limited company

Registered office

Pelikaanstraat 62
2018 Antwerpen · FlandreSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Average workforce

0,3 ETP

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport

Joint committees (3)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	49,7 k €	-19.5%	61,7 k €	-35.7%	96 k €	-79.1%	459,1 k €	+217%	144,7 k €	+2.4%	141,3 k €	-7.4%	152,6 k €	+116%	70,6 k €	-57.2%	164,8 k €	+55.2%	106,2 k €	+48.7%	71,4 k €	-18.7%	87,8 k €	+2.4%	85,7 k €	-2.0%	87,4 k €	+1.5%	86,2 k €	+41.6%	60,8 k €	+102%	30,2 k €	-7.2%	32,5 k €	+16.1%	28 k €
EBITDA	34,9 k €	+2.1%	34,2 k €	-28.9%	48,1 k €	-88.7%	426,3 k €	+242%	124,5 k €	+12.7%	110,5 k €	-0.0%	110,5 k €	+323%	26,1 k €	-78.4%	120,9 k €	+114%	56,6 k €	+102%	27,9 k €	-39.1%	45,9 k €	+3.2%	44,5 k €	-1.7%	45,3 k €	-1.0%	45,7 k €	+136%	19,4 k €	+80.0%	10,8 k €	-65.8%	31,5 k €	+15.1%	27,4 k €
Operating result	33,3 k €	+15.6%	28,9 k €	-29.7%	41 k €	-90.2%	418,8 k €	+246%	121 k €	+12.0%	108,1 k €	+0.7%	107,3 k €	+370%	22,9 k €	-80.9%	119,4 k €	+136%	50,6 k €	+140%	21,1 k €	-24.5%	28 k €	+4.4%	26,8 k €	-4.3%	28 k €	-13.9%	32,5 k €	+382%	6,7 k €	-24.3%	8,9 k €	-71.3%	31 k €	+17.8%	26,4 k €
Net result	10,9 k €	-3.0%	11,2 k €	+5.6%	10,6 k €	-97.0%	350,4 k €	+283%	91,4 k €	+11.3%	82,1 k €	+3.4%	79,4 k €	+952%	7,5 k €	-91.7%	91,2 k €	+200%	30,4 k €	+140%	12,7 k €	-42.8%	22,2 k €	+0.1%	22,2 k €	-5.4%	23,4 k €	-7.0%	25,2 k €	+2631%	923 €	-66.6%	2,8 k €	-84.8%	18,1 k €	-2.5%	18,6 k €
Balance sheet
Equity	1,3 M €	+0.8%	1,3 M €	+0.9%	1,3 M €	-2.2%	1,3 M €	+36.5%	960,4 k €	+10.5%	869,1 k €	+10.4%	787 k €	+11.2%	707,6 k €	+1.1%	700 k €	-30.6%	1 M €	+3.1%	978,4 k €	+1.3%	965,7 k €	+2.4%	943,5 k €	+2.4%	921,4 k €	+2.6%	897,9 k €	+1387%	60,4 k €	+1.6%	59,5 k €	+4.9%	56,7 k €	+47.0%	38,6 k €
Total assets	5,1 M €	-7.9%	5,6 M €	-16.7%	6,7 M €	-7.2%	7,2 M €	+23.7%	5,8 M €	+45.5%	4 M €	+7.7%	3,7 M €	-25.5%	5 M €	-4.1%	5,2 M €	+0.8%	5,2 M €	-0.6%	5,2 M €	-0.7%	5,2 M €	+6.7%	4,9 M €	+8.3%	4,5 M €	-7.1%	4,9 M €	+78.2%	2,7 M €	+47.5%	1,9 M €	-6.0%	2 M €	+54.8%	1,3 M €
Cash	246,1 k €	+4.3%	236 k €	+146%	96,1 k €	-74.0%	370,1 k €	+400%	74 k €	-32.9%	110,3 k €	+136%	46,7 k €	-29.4%	66,2 k €	-78.3%	304,4 k €	+557%	46,4 k €	-63.7%	127,7 k €	-39.8%	212 k €	+140%	88,2 k €	+292%	22,5 k €	-87.4%	178,7 k €	+287%	46,1 k €	+164%	17,5 k €	-55.2%	39 k €	-72.3%	140,6 k €
Debts	3,8 M €	-10.5%	4,3 M €	-20.9%	5,4 M €	-8.2%	5,9 M €	+21.2%	4,9 M €	+55.2%	3,1 M €	+6.9%	2,9 M €	-31.5%	4,3 M €	-4.9%	4,5 M €	+8.4%	4,2 M €	-1.4%	4,2 M €	-1.2%	4,3 M €	+7.7%	4 M €	+9.8%	3,6 M €	-9.3%	4 M €	+48.7%	2,7 M €	+49.0%	1,8 M €	-6.3%	1,9 M €	+55.1%	1,2 M €
Other
Workforce	0,3 ETP		–		1,2 ETP	0.0%	1,2 ETP	0.0%	1,2 ETP		–		1,4 ETP	-30.0%	2,0 ETP	+11.1%	1,8 ETP		–		1,5 ETP	+7.1%	1,4 ETP	-12.5%	1,6 ETP		–		–		1,8 ETP	+80.0%	1,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Premal Kothari

Director

Active

Russel Kothari

Director

Active

Ended mandates

RUSSEL KOTHARI

Manager · since 01 avril 2011

Ended

PREMAL KOTHARI

Manager

Ended

At this address

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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	24/08/2026	28/08/2025	16/07/2024	29/06/2023	15/09/2022	26/08/2021
General meeting	30/06/2026	30/04/2025	24/04/2024	26/04/2023	27/04/2022	28/04/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	24/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	24/04/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/04/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/04/2022	15/09/2022	Dutch	PDF
Abridged model	31/12/2020	28/04/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/04/2020	12/10/2020	Dutch	PDF
Abridged model	31/12/2018	24/04/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/04/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/04/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/04/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	22/04/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/04/2014	25/09/2014	Dutch	PDF
Abridged model	31/12/2012	24/04/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/04/2012	10/05/2012	Dutch	PDF
Abridged model	31/12/2010	27/04/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/04/2010	20/09/2010	Dutch	PDF
Abridged model	31/12/2008	29/04/2009	25/05/2009	Dutch	PDF
Abridged model	31/12/2007	30/04/2008	26/09/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 2 ended

Active mandates

Premal Kothari

Director

Active

Russel Kothari

Director

Active

Ended mandates

RUSSEL KOTHARI

Manager · since 01 avril 2011

Ended

PREMAL KOTHARI

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/12/2017
KAPITAAL - AANDELEN
PDF
Capital / shares27/09/2011
KAPITAAL - AANDELEN
PDF
Capital / shares27/09/2011
KAPITAAL - AANDELEN
PDF
Capital / shares05/04/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other30/03/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202510,9 k €↓
2024
Annual accounts 202411,2 k €↑
2023
Annual accounts 202310,6 k €↓
2022
Annual accounts 2022350,4 k €↑
2021
Annual accounts 202191,4 k €↑
2020
Annual accounts 202082,1 k €↑
2019
Annual accounts 201979,4 k €↑
2018
Annual accounts 20187,5 k €↓
2017
Annual accounts 201791,2 k €↑
2016
Annual accounts 201630,4 k €↑
2015
Annual accounts 201512,7 k €↓
2014
Annual accounts 201422,2 k €↑
2013
Annual accounts 201322,2 k €↓
2012
Annual accounts 201223,4 k €↓
2011
Annual accounts 201125,2 k €↑
2010
Annual accounts 2010923 €↓
2009
Annual accounts 20092,8 k €↓
2008
Annual accounts 200818,1 k €↓
2007
Annual accounts 200718,6 k €
22/03/2007
IncorporationPrivate 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

LUMINAS

Overview

What does LUMINAS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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