BEL LIGHTING
ActiveBEL LIGHTING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €-38k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 83% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 5.42 in 2024), and 27.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.9%
Return on assets
-1.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
31 d early
2023
35 d early
2022
49 d early
2021
23 d early
2020
29 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-38k▼ 122%
2024 · €-17k
2018: €138k
2019: €205k
2020: €197k
2021: €150k
2022: €52k
2023: €-50k
2024: €-17k
2018 → 2025
Working capital
€1.30M▼ 21.7%
2024 · €1.66M
2018: €1.36M
2019: €1.60M
2020: €1.77M
2021: €1.94M
2022: €1.93M
2023: €1.85M
2024: €1.66M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.13M-€2.09M▼ 1.8%€1.98M▼ 5.3%€1.78M▼ 10.0%€1.43M▼ 19.8%
Operating result€265k-€118k▼ 55.4%€-21k€-4k▲ 80.7%€-21k▼ 407%
Net result€150k-€52k▼ 65.1%€-50k€-17k▲ 65.7%€-38k▼ 122%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€131k▲ 4.4%
Current assets
€1.83M▼ 9.9%
Equity and liabilities €1.96M
Equity
€1.43M▼ 19.8%
Debt
€531k▲ 41.9%
The debt ratio rises from 17.4% to 27.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-10k▼
2024 · €4k
Cash flow
€-28k▼
2024 · €-9k
Solvency
72.9%▼
2024 · 82.6%
Current ratio
3.44▼
2024 · 5.42
Quick ratio
2.90▼
2024 · 4.63
Debt / equity
0.37▲
2024 · 0.21
ROE
-2.7%▼
2024 · -1.0%
ROA
-1.9%▼
2024 · -0.8%
Interest coverage
-0.47▼
2024 · 0.18
Debt
€531k▲
2024 · €374k
Debt ≤ 1 year
€531k▲
2024 · €374k
Income taxes
€1k▼
2024 · €1k
Staff costs
€283k▼
2024 · €309k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.16M€1.96M▼
Fixed assets21/28€126k€131k▲
Tangible fixed assets22/27€125k€131k▲
Land and buildings22€86k€86k=
Plant, machinery and equipment23€109€13k▲
Furniture and vehicles24€852€0▼
Other tangible fixed assets26€38k€31k▼
Financial fixed assets28€424€424=
Current assets29/58€2.03M€1.83M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€298k€289k▼
Stocks30/36€298k€289k▼
Amounts receivable within one year40/41€337k€221k▼
Trade receivables40€171k€112k▼
Other amounts receivable41€166k€109k▼
Current investments50/53€488k€751k▲
Cash at bank and in hand54/58€904k€556k▼
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.16M€1.96M▼
Equity10/15€1.78M€1.43M▼
Contributions10/11€56k€56k=
Reserves13€575k€260k▼
Tax-exempt reserves132€56k€56k=
Distributable reserves133€519k€204k▼
Profit (loss) carried forward14€1.15M€1.11M▼
Amounts payable17/49€374k€531k▲
Amounts payable within one year42/48€374k€531k▲
Trade debts44€165k€192k▲
Suppliers440/4€165k€192k▲
Advances received on contracts in progress46€8k€0▼
Taxes, remuneration and social security45€22k€20k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€17k€16k▼
Other amounts payable47/48€180k€319k▲
Income statement
Code20242025
Remuneration, social security and pensions62€309k€283k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€82
Other operating charges640/8€10k€19k▲
Non-recurring operating charges66A€157€0▼
Gross operating margin9900€323k€292k▼
Operating profit (loss)9901€-4k€-21k▼
Financial income75/76B€12k€5k▼
Recurring financial income75€12k€5k▼
Financial charges65/66B€24k€22k▼
Recurring financial charges65€24k€22k▼
Profit (loss) for the period before taxes9903€-16k€-37k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-17k€-38k▼
Profit (loss) for the period to be appropriated9905€-17k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.15M€1.11M▼
Profit (loss) brought forward from the previous period14P€1.17M€1.15M▼
Transfer from equity791/2€180k€315k▲
Profit to be distributed694/7€180k€315k▲
Return on contributions (dividend)694€180k€315k▲
Social balance
Average headcount (FTE)90876.36.3=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-50k ▼196%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.13M ▲7.6%
4 profitable years in a row build equity to €2.13M.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €205k ▲49%
Operating result €362k, net result €205k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Ernest Solvay 421480 TubizeGround area
2,943 m²
Building footprint
724 m²
Volume, LiDAR
3,743 m³
Parcel 25097C0575/00W002, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Ernest Solvay 42, 1480 Tubize
since 19982.057.370.196
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0575/00W002 | Wallonia | 2,943 m² | 1 · 724 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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B&W Group Belgium
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Of 970 companies in sector 46431 we hold annual accounts for 700. 421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-1992
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.bel-lighting.com
E-mail:info@bel-lighting.com