BRIGHTEST

Active

Public limited companyfounded 201313 yrs activeSatenrozen 10, 2550 Kontich, BelgiumKBO/BCE: BE 0538.477.187

BRIGHTEST has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €479k and a net result of €-216k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 2822 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

27 / 100

Weak▼ -51 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-53

Solvency23▼-9

Growth68▼-17

Stability100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days only on tighter terms

Liquidity tight (current ratio 1.15 against 1.27 in 2023), and 86.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

13.5%

Return on assets

-6.1%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2822 sector peers (2024).

NBB · sector comparison

Position among 2822 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

30 d early

2022

21 d early

2021

1 d late

2020

8 d early

2019

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€14.15M▲ 24.3%

2022 · €11.38M

2020: €5.81M 2021: €8.44M 2022: €11.38M

2020 → 2023

EBIT margin

4.6%▲ 4.3pp

2022 · 0.2%

2020: 4.9% 2021: 6.0% 2022: 0.2%

2020 → 2023

Net result

€-216k

2023 · €336k

2018: €60k 2019: €133k 2020: €118k 2021: €255k 2022: €-130k 2023: €336k

2018 → 2024

Working capital

€451k▼ 37.8%

2023 · €726k

2018: €199k 2019: €178k 2020: €236k 2021: €480k 2022: €346k 2023: €726k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€5.81M-€8.44M▲ 45.4%€11.38M▲ 34.8%€14.15M▲ 24.3%

Equity€233k-€489k▲ 110%€358k▼ 26.6%€695k▲ 93.9%€479k▼ 31.1%

Operating result€284k-€503k▲ 76.9%€26k▼ 94.8%€648k▲ 2,387%€-5k

Net result€118k-€255k▲ 117%€-130k€336k€-216k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €5k after €648k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.54M

99.0%

Fixed assets €35k▼ 13.0%

Current assets €3.51M▲ 4.0%

Equity and liabilities €3.54M

13.5%

86.5%

Equity €479k▼ 31.1%

Debt €3.06M▲ 12.7%

The debt ratio rises from 79.6% to 86.5%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€3k▼

2023 · €654k

Cash flow

€-208k▼

2023 · €343k

Solvency

13.5%▼

2023 · 20.4%

Current ratio

1.15▼

2023 · 1.27

Quick ratio

1.15▼

2023 · 1.27

Debt / equity

6.39▲

2023 · 3.91

ROE

-45.1%▼

2023 · 48.4%

ROA

-6.1%▼

2023 · 9.9%

Interest coverage

0.02▼

2023 · 6.56

Debt

€3.06M▲

2023 · €2.72M

Debt ≤ 1 year

€3.06M▲

2023 · €2.65M

Income taxes

€52k▼

2023 · €222k

Staff costs

€7.86M▲

2023 · €6.91M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.41M€3.54M▲

Fixed assets21/28€40k€35k▼

Intangible fixed assets21€27k€20k▼

Tangible fixed assets22/27€3k€5k▲

Plant, machinery and equipment23€2k€4k▲

Furniture and vehicles24€2k€1k▼

Financial fixed assets28€10k€9k▼

Current assets29/58€3.37M€3.51M▲

Amounts receivable within one year40/41€2.31M€2.07M▼

Trade receivables40€2.03M€1.72M▼

Other amounts receivable41€280k€353k▲

Cash at bank and in hand54/58€1.05M€1.31M▲

Deferred charges and accrued income490/1€15k€125k▲

Equity and liabilities

Total equity and liabilities10/49€3.41M€3.54M▲

Equity10/15€695k€479k▼

Contributions10/11€200k€200k=

Capital10€200k€200k=

Issued capital100€200k€200k=

Reserves13€235k€235k=

Non-distributable reserves130/1€20k€20k=

Legal reserve130€20k€20k=

Tax-exempt reserves132€215k€215k=

Profit (loss) carried forward14€260k€44k▼

Amounts payable17/49€2.72M€3.06M▲

Amounts payable within one year42/48€2.65M€3.06M▲

Financial debts43€453k€604k▲

Credit institutions430/8€453k€604k▲

Trade debts44€1.08M€1.24M▲

Suppliers440/4€1.08M€1.24M▲

Advances received on contracts in progress46€7k€4k▼

Taxes, remuneration and social security45€1.11M€1.20M▲

Taxes450/3€218k€265k▲

Remuneration and social security454/9€888k€939k▲

Other amounts payable47/48€0-

Accrued charges and deferred income492/3€71k€7k▼

Income statement Code20232024

Turnover70€14.15M-

Goods, raw materials, services and sundry goods60/61€6.69M-

Remuneration, social security and pensions62€6.91M€7.86M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲

Other operating charges640/8€9k€7k▼

Gross operating margin9900€7.57M€7.87M▲

Operating profit (loss)9901€648k€-5k▼

Financial income75/76B€10k€9k▼

Recurring financial income75€10k€9k▼

Financial charges65/66B€100k€167k▲

Recurring financial charges65€100k€167k▲

Profit (loss) for the period before taxes9903€558k€-164k▼

Income taxes67/77€222k€52k▼

Profit (loss) for the period9904€336k€-216k▼

Transfer to tax-exempt reserves689€215k€0▼

Profit (loss) for the period to be appropriated9905€122k€-216k▼

Appropriation of the result

Profit (loss) to be appropriated9906€260k€44k▼

Profit (loss) brought forward from the previous period14P€138k€260k▲

Social balance

Average headcount (FTE)9087106.7120.6▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-216k ▼164%

Net result drops to €-216k, the lowest in the series.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €336k

Net result €336k after one loss-making year.

31-12

Financial Equity above €500kEq €695k ▲93.9%

Equity rises from €358k to €695k.

10-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

01-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 1 day late

2021

23-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Equity above €200kEq €233k ▲30.6%

3 profitable years in a row build equity to €233k.

29-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Equity above €150kEq €179k ▲171%

2 profitable years in a row build equity to €179k.

02-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 29 days late

2017

30-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2015

28-12

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Kontich · 3 establishment units since 2013

establishment All 3 establishment units on the map

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.

Satenrozen 102550 Kontich

Ground area

9,117 m²

Building footprint

3,272 m²

Volume, LiDAR

12,076 m³

3 parcels, Flanders · tallest building 41.0 m, ±1 floor. Linked by address, not a title deed.

3 establishment units

Brightest

Satenrozen 10, 2550 KontichComputer programming, consultancy and related activities

since 20132.222.516.260

Poortakkerstraat 93, 9051 Gent

Computer programming

since 20252.375.382.916

Thor Park 8300, 3600 Genk

Computer programming

since 20252.375.383.510

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11024G0018/00L000	Flanders	4,007 m²	1 · 1,313 m²	6.1 m · 1 fl.
71303B1298/00M004	Flanders	2,963 m²	1 · 1,879 m²	41.0 m · 1 fl.
44062A0120/00E000	Flanders	2,147 m²	1 · 79 m²	3.1 m · 1 fl.