14U
InactiveInactive since 25-09-2026; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
5 d early
2022
30 d late
2021
2 d early
2020
26 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€958,331▲ 12.2%
2023 · €853,980
Total assets
€1.0m▼ 39.5%
2023 · €1.7m
Net result
€104,351▲ 363%
2023 · €22,547
Working capital
€339,902▼ 46.9%
2023 · €640,187
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,739▼ 21.4%€84,690€112,732▲ 33.1%€18,648▼ 83.5%€123,735▲ 564%
Net result€3,146within the sector's middle half€68,519within the sector's middle half▲ 2,078%€99,537within the sector's middle half▲ 45.3%€22,547within the sector's middle half▼ 77.3%€104,351within the sector's middle half▲ 363%
Equity€743,985within the sector's middle half▲ 0.4%€809,896within the sector's middle half▲ 8.9%€831,433within the sector's middle half▲ 2.7%€853,980within the sector's middle half▲ 2.7%€958,331within the sector's middle half▲ 12.2%
Total assets€1.5mwithin the sector's middle half▼ 18.3%€1.6mwithin the sector's middle half▲ 7.0%€1.9mwithin the sector's middle half▲ 15.8%€1.7mwithin the sector's middle half▼ 8.3%€1.0mwithin the sector's middle half▼ 39.5%
Debt€681,745▼ 32.8%€725,769▲ 6.5%€961,535▲ 32.5%€790,725▼ 17.8%€19,308▼ 97.6%
Working capital€413,519within the sector's middle half▲ 12.0%€573,982within the sector's middle half▲ 38.8%€579,998within the sector's middle half▲ 1.0%€640,187within the sector's middle half▲ 10.4%€339,902within the sector's middle half▼ 46.9%
Solvency49.7%within the sector's middle half▲ 9.3pp50.6%within the sector's middle half▲ 0.9pp44.8%within the sector's middle half▼ 5.7pp50.2%within the sector's middle half▲ 5.4pp93.1%above the sector's middle half▲ 42.9pp
Current ratio2.76within the sector's middle half▲ 1.123.72above the sector's middle half▲ 0.962.15within the sector's middle half▼ 1.572.88within the sector's middle half▲ 0.7320.65above the sector's middle half▲ 17.77
Return on assets (ROA)0.2%below the sector's middle half▲ 0.6pp4.3%within the sector's middle half▲ 4.1pp5.4%within the sector's middle half▲ 1.1pp1.3%within the sector's middle half▼ 4.0pp10.1%within the sector's middle half▲ 8.8pp
Staff (FTE)2.1within the sector's middle half▼ 34.4%2.9within the sector's middle half▲ 38.1%6.6within the sector's middle half▲ 128%2.7within the sector's middle half▼ 59.1%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 564% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€671,950 ▼ 6.7%
Current assets
€357,199 ▼ 63.6%
Equity and liabilities €1.0m
Equity
€958,331 ▲ 12.2%
Provisions
€51,509 ▼ 8.5%
Debt
€19,308 ▼ 97.6%
Debt's share of the balance-sheet total falls from 46.5% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160,408▲
2023 · €66,767
Cash flow
€141,024▲
2023 · €70,666
Debt to equity
0.02▼
2023 · 0.93
ROE
10.9%▲
2023 · 2.6%
Interest coverage
42.93▲
2023 · 1.99
Debt ≤ 1 year
€17,296▼
2023 · €340,562
Debt > 1 year
€2,012▼
2023 · €450,163
Income taxes
€35,897▲
2023 · €13,617
Staff costs
-€5,512▼
2023 · €145,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,200 | €220 | - | €149,224 | - |
| Remuneration, social security and pensions62 | - | €134,856 | €162,600 | €145,949 | -€5,512 | ▼ 104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,395 | €48,369 | €50,968 | €48,119 | €36,674 | ▼ 23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€30,599 | - | - | - | - |
| Other operating charges640/8 | - | €19,011 | €21,745 | €10,080 | €8,720 | ▼ 13.5% |
| Gross operating margin9900 | €145,304 | €256,327 | €348,045 | €222,796 | €163,617 | ▼ 26.6% |
| Operating profit (loss)9901 | -€1,739 | €84,690 | €112,732 | €18,648 | €123,735 | ▲ 564% |
| Financial income75/76B | - | €31,034 | €28,259 | €46,193 | €15,458 | ▼ 66.5% |
| Recurring financial income75 | €20,923 | €31,034 | €28,259 | €46,193 | €15,458 | ▼ 66.5% |
| Financial charges65/66B | - | €17,284 | €23,569 | €33,469 | €3,736 | ▼ 88.8% |
| Recurring financial charges65 | €20,070 | €17,284 | €23,569 | €33,469 | €3,736 | ▼ 88.8% |
| Profit (loss) for the period before taxes9903 | -€887 | €98,440 | €117,422 | €31,372 | €135,456 | ▲ 332% |
| Transfer from deferred taxes780 | - | €4,792 | €4,792 | €4,792 | €4,792 | = |
| Income taxes67/77 | €759 | €34,712 | €22,676 | €13,617 | €35,897 | ▲ 164% |
| Profit (loss) for the period9904 | €3,146 | €68,519 | €99,537 | €22,547 | €104,351 | ▲ 363% |
| Transfer from tax-exempt reserves789 | - | €14,375 | €14,375 | €14,375 | €14,375 | = |
| Profit (loss) for the period to be appropriated9905 | €17,446 | €82,894 | €113,912 | €36,922 | €118,725 | ▲ 222% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.9m | €1.7m | €1.0m | ▼ 39.5% |
| Fixed assets21/28 | €848,007 | €816,256 | €768,255 | €720,257 | €671,950 | ▼ 6.7% |
| Intangible fixed assets21 | €4,051 | €2,540 | €1,270 | €121 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €843,785 | €813,545 | €766,814 | €719,966 | €671,950 | ▼ 6.7% |
| Land and buildings22 | - | €781,971 | €745,297 | €708,623 | €671,950 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €2,316 | €1,098 | €655 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €29,258 | €20,420 | €10,687 | €0 | ▼ 100% |
| Financial fixed assets28 | €171 | €171 | €171 | €171 | €0 | ▼ 100% |
| Current assets29/58 | €648,398 | €785,293 | €1.1m | €980,749 | €357,199 | ▼ 63.6% |
| Stocks and contracts in progress3 | €334,127 | €378,041 | €414,212 | €250,000 | €0 | ▼ 100% |
| Stocks30/36 | - | €378,041 | €414,212 | €250,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €247,527 | €265,062 | €439,291 | €251,372 | €111,507 | ▼ 55.6% |
| Trade receivables40 | - | €245,519 | €383,735 | €193,819 | €36,559 | ▼ 81.1% |
| Other amounts receivable41 | - | €19,544 | €55,557 | €57,553 | €74,948 | ▲ 30.2% |
| Cash at bank and in hand54/58 | €58,946 | €135,207 | €227,186 | €479,377 | €245,692 | ▼ 48.7% |
| Deferred charges and accrued income490/1 | - | €6,983 | €5,116 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.9m | €1.7m | €1.0m | ▼ 39.5% |
| Equity10/15 | €743,985 | €809,896 | €831,433 | €853,980 | €958,331 | ▲ 12.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €593,985 | €659,896 | €681,433 | €703,980 | €808,331 | ▲ 14.8% |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | - | €198,455 | €184,080 | €169,705 | €155,331 | ▼ 8.5% |
| Distributable reserves133 | - | €446,441 | €482,353 | €519,275 | €638,000 | ▲ 22.9% |
| Provisions and deferred taxes16 | €70,675 | €65,884 | €61,092 | €56,301 | €51,509 | ▼ 8.5% |
| Deferred taxes168 | - | €65,884 | €61,092 | €56,301 | €51,509 | ▼ 8.5% |
| Amounts payable17/49 | €681,745 | €725,769 | €961,535 | €790,725 | €19,308 | ▼ 97.6% |
| Amounts payable after more than one year17 | €446,866 | €465,819 | €455,728 | €450,163 | €2,012 | ▼ 99.6% |
| Financial debts170/4 | - | €55,227 | €26,342 | €5,662 | €2,012 | ▼ 64.5% |
| Other amounts payable178/9 | - | €410,592 | €429,386 | €444,501 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €234,878 | €211,311 | €505,807 | €340,562 | €17,296 | ▼ 94.9% |
| Current portion of amounts payable after more than one year42 | - | €35,297 | €28,884 | €20,972 | €11,939 | ▼ 43.1% |
| Trade debts44 | €154,655 | €110,701 | €338,427 | €262,943 | €5,271 | ▼ 98.0% |
| Suppliers440/4 | - | €110,701 | €338,427 | €262,943 | €5,271 | ▼ 98.0% |
| Advances received on contracts in progress46 | - | - | - | €657 | - | - |
| Taxes, remuneration and social security45 | - | €50,260 | €41,644 | €24,422 | €87 | ▼ 99.6% |
| Taxes450/3 | - | €38,269 | €28,067 | €13,815 | €87 | ▼ 99.4% |
| Remuneration and social security454/9 | - | €11,992 | €13,578 | €10,607 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €15,053 | €96,852 | €31,568 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €48,639 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,146 | €68,519 | €99,537 | €22,547 | €104,351 | ▲ 363% |
| + Depreciation and write-downs630 | €47,395 | €48,369 | €50,968 | €48,119 | €36,674 | ▼ 23.8% |
| Operating cash flow (approximation) | €50,541 | €116,888 | €150,505 | €70,666 | €141,024 | ▲ 99.6% |
| Investment in fixed assets (approximation) | - | -€16,617 | -€2,968 | -€121 | €11,634 | ▲ 9,737% |
| Change in cash | - | €76,260 | €91,980 | €252,191 | -€233,685 | ▼ 193% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
12-06
State Gazette act
RestructuringPermanent representative: Gilles Van Parys · Merger · Shareholding14 facts ▸
State Gazette act
Restructuring
Permanent representative: Gilles Van Parys · Merger · Shareholding14 facts ▸
- Merger, fusie door overneming, gehele vermogen,zowel rechten als verplichtingen,overgaat als gevolg van ontbinding zonder vereffening
- Shareholding, LIGHT SOLUTIONS
- Other statement, verkrijgende vennootschap, benaming in fusievoorstel
- Capital
- Accounting effect, 01-01-2026
- Other statement, toe te kennen bijzondere rechten aan de aandeelhouders van de over te nemen vennootschap, artikel 12:50,3° WWV
- Other statement, bijzondere voordelen toegekend aan de leden van de bestuursorganen van de te fuseren vennootschappen, artikel 12:50,4° WWV
- Real estate, magazijn,op en met medegaande grond en aanhorigheden, E205r5
- Other statement, motivatie van de verrichting, VII
- Other statement, fiscale neutraliteit, artikelen 11 en 18§3 W.Btw.
- Statutes amendment
- Director in office, LIGHT SOLUTIONS (director)
- +2 further facts in this act
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Liquidity times 7current ratio 20.65
Current ratio from 2.88 to 20.65; short-term debt falls from €340,562 to €17,296.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Back to profitnet €3,146
Net result €3,146 after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 73 days late
2019
31-12
Financial
Weakest financial yearnet -€7,833
Net result drops to -€7,833, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
14-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem
Ground area
2,512 m²
Building footprint
1,150 m²
Volume, LiDAR
8,076 m³
Parcel 34453E0205/00R005, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453E0205/00R005 | Flanders | 2,512 m² | 1 · 1,150 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De groot- en kleinhandel in geassorteerde textielwaren,kleding en schoeisel,zowel de aankoop als de verkoop en dit voor eigen rekening als voor rekening van derden,zowel in…
Full purpose (6 activities)
- De groot- en kleinhandel in geassorteerde textielwaren,kleding en schoeisel,zowel de aankoop als de verkoop en dit voor eigen rekening als voor rekening van derden,zowel in binnenland als in het buitenland
- De handel in en het optreden als tussenpersoon in de aan- en verkoop,zowel in binnenland als in buitenland,van immateriële vaste activa,zoals know-how,concessies,octrooien,licenties,merken en gelijkaardige rechten,en materialen van alle aard,zoals terreinen,gebouwen,installaties,machines,uitrusting,meubilair,rollend materieel,grondstoffen,verbruiksgoederen,hulpstoffen,goederen in bewerking,afval,fabricaten,handelsgoederen
- Alle verrichtingen in rechtstreeks of onrechtstreeks verband met immobiliën,zoals het beheer,de huur en verhuring,de sloping,oprichting of verbouwing,de valorisatie en uitrusting,de aankoop en verkoop ervan,zowel voor eigen rekening als voor rekening van derden
- Het adviseren en de analyse van bedrijven,het uitoefenen van bestuursmandaten,het beheer van ingebracht en aangekocht vemogen,met inbegrip van de fondsen die eruit voortvloeien,alsmede zich borg stellen voor het goede verloop der verbintenissen door derde personen aangegaan die rechtstreeks of onrechtstreeks deelnemen in de vennootschap of er in relatie mee staan
- Het beheren van alle roerende waarden,aandelen,maatschappelijke aandelen,staatsfondsen,van alle roerende en onroerende goederen en rechten,het nemen van participaties onder welke vorm ook in alle vennootschappen en industriële,commerciële,financiële,onroerende,bestaande of op te richten ondernemingen,het verrichten van alle handels- en financiële operaties behalve die welke wettelijk voorbehouden zijn aan depositobanken en aan de private spaarkassen.De vennootschap kan namelijk alle effecten,waarden,schuldvorderingen,onlichamelijke rechten verkrijgen,door aankoop,ruiling,inbreng,intekening,koop of levering,optie tot aankoop en op iedere andere manier,deelnemen aan alle verenigingen,syndicaten voor studie en opzoeking en alle samensmelting,haar portefeuille van effecten en participaties beheren en productief maken,onder meer door het beheer,het toezicht,de controle,de documentatie,de financiële en andere bijstand aan de vennootschappen en ondernemingen,waarin zij belangen heeft,deze waarden realiseren of liquideren door afstand,verkoop of op een andere wijze
- De borgstelling voor derden;het uitoefenen van mandaten in vennootschappen en organisaties.Zij mag ik het kader van haar activiteit alle mobiliaire,financiële,industriële,hypothecaire verrichtingen doen die rechtstreeks of onrechtstreeks met het voorwerp verband houden en die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden.Zij mag tevens door middel van inbreng,versmelting,inschrijving of om het even welke wijze deelnemen aan alle ondernemingen,verenigingen,vennootschappen die een 2 gelijksoortig of bijhorend voorwerp nastreven of die van eenvoudig nut zijn tot de algehele of gedeeltelijke verwezenlijking van haar maatschappelijk voorwerp.
Other statement
Fusievoorstel en goedkeuring, buitengewone algemene vergaderingen
Uittreksel of mededeling, griffie Ondernemingsrechtbank van respectieve zetel
Slotverklaringen, IX
1 more provision on this in the deed
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- LIGHT SOLUTIONS
- 14U
Highest known parent: LIGHT SOLUTIONS. The sources do not say who stands above it.
Owners 1
- LIGHT SOLUTIONSparent100%
Holdings 1
-
0.5%
According to the 2023 annual accounts of 14U and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 39,421 EUR awarded · 39,421 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 6,528 EUR | 6,528 EUR |
| 2023 | 2 | 23,507 EUR | 23,507 EUR |
| 2022 | 2 | 9,386 EUR | 9,386 EUR |
Identification & contact
Identification
Legal formPublic limited company
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46648Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456787549
Also
9925:BE0456787549
Registered
03-07-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.