BRIGHTLINE
ActiveSummary
BRIGHTLINE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,360) and a net result of -€15,569. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-32
Solvency23▼-12
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.06 in 2024; short-term debt: 101.9% and cash: 20.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-1.9%
Return on assets
-12.5%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2,360
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
36 d late
2023
91 d late
2022
92 d late
2021
90 d late
2020
84 d late
2019
103 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,569▼ 1,969%
2024 · -€753
Working capital
-€7,308
2024 · €7,298
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,790€10,348▼ 65.3%€4,065▼ 60.7%€318▼ 92.2%-€15,647
Net result€27,987€7,230▼ 74.2%€1,850▼ 74.4%-€753-€15,569▼ 1,969%
Equity€4,882€12,112▲ 148%€13,962▲ 15.3%€13,209▼ 5.4%-€2,360
Total assets€103,378▲ 77.1%€147,334▲ 42.5%€166,923▲ 13.3%€134,641▼ 19.3%€124,190▼ 7.8%
Debt€98,496▲ 20.9%€135,222▲ 37.3%€152,962▲ 13.1%€121,432▼ 20.6%€126,550▲ 4.2%
Working capital€1,799€8,397▲ 367%€11,760▲ 40.1%€7,298▼ 37.9%-€7,308
Staff (FTE)1.9▼ 9.5%1.8▼ 5.3%1.1▼ 38.9%1.2▲ 9.1%2.3▲ 91.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15,647 after €318 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,190
Fixed assets
€4,949 ▼ 16.3%
Current assets
€119,242 ▼ 7.4%
Key figures and ratios
EBITDA
-€13,527▼
2024 · €2,020
Cash flow
-€13,448▼
2024 · €949
Solvency
-1.9%▼
2024 · 9.8%
Current ratio
0.94▼
2024 · 1.06
Debt to equity
-53.63▼
2024 · 9.19
ROA
-12.5%▼
2024 · -0.6%
Interest coverage
51.36▲
2024 · 2.42
Debt ≤ 1 year
€126,550▲
2024 · €121,432
Income taxes
€185▼
2024 · €237
Staff costs
€46,795▲
2024 · €37,972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €59,007 | €59,885 | €45,337 | €37,972 | €46,795 | ▲ 23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,465 | €1,525 | €1,514 | €1,702 | €2,121 | ▲ 24.6% |
| Other operating charges640/8 | €740 | €1,403 | €1,827 | €1,902 | €676 | ▼ 64.5% |
| Gross operating margin9900 | €99,001 | €73,161 | €52,743 | €41,893 | €33,944 | ▼ 19.0% |
| Operating profit (loss)9901 | €29,790 | €10,348 | €4,065 | €318 | -€15,647 | ▼ 5,016% |
| Financial income75/76B | €17 | €5 | €0 | €0 | - | - |
| Recurring financial income75 | €17 | €5 | €0 | €0 | - | - |
| Financial charges65/66B | €464 | €572 | €520 | €834 | -€263 | ▼ 132% |
| Recurring financial charges65 | €464 | €572 | €520 | €834 | -€263 | ▼ 132% |
| Profit (loss) for the period before taxes9903 | €29,342 | €9,782 | €3,544 | -€516 | -€15,384 | ▼ 2,883% |
| Income taxes67/77 | €1,356 | €2,552 | €1,694 | €237 | €185 | ▼ 22.0% |
| Profit (loss) for the period9904 | €27,987 | €7,230 | €1,850 | -€753 | -€15,569 | ▼ 1,969% |
| Profit (loss) for the period to be appropriated9905 | €27,987 | €7,230 | €1,850 | -€753 | -€15,569 | ▼ 1,969% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,378 | €147,334 | €166,923 | €134,641 | €124,190 | ▼ 7.8% |
| Fixed assets21/28 | €3,083 | €3,715 | €2,201 | €5,911 | €4,949 | ▼ 16.3% |
| Tangible fixed assets22/27 | €3,083 | €3,715 | €2,201 | €5,911 | €4,949 | ▼ 16.3% |
| Plant, machinery and equipment23 | - | - | - | €1,552 | €960 | ▼ 38.1% |
| Furniture and vehicles24 | €3,083 | €3,715 | €2,201 | €4,359 | €3,988 | ▼ 8.5% |
| Current assets29/58 | €100,294 | €143,619 | €164,722 | €128,729 | €119,242 | ▼ 7.4% |
| Amounts receivable within one year40/41 | €92,366 | €125,197 | €151,602 | €117,754 | €92,813 | ▼ 21.2% |
| Trade receivables40 | €89,623 | €123,023 | €148,537 | €115,038 | €92,053 | ▼ 20.0% |
| Other amounts receivable41 | €2,743 | €2,174 | €3,065 | €2,716 | €760 | ▼ 72.0% |
| Cash at bank and in hand54/58 | €7,334 | €17,504 | €13,067 | €10,921 | €25,655 | ▲ 135% |
| Deferred charges and accrued income490/1 | €595 | €918 | €53 | €55 | €773 | ▲ 1,306% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,378 | €147,334 | €166,923 | €134,641 | €124,190 | ▼ 7.8% |
| Equity10/15 | €4,882 | €12,112 | €13,962 | €13,209 | -€2,360 | ▼ 118% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€15,578 | -€8,348 | -€6,498 | -€7,251 | -€22,820 | ▼ 215% |
| Amounts payable17/49 | €98,496 | €135,222 | €152,962 | €121,432 | €126,550 | ▲ 4.2% |
| Amounts payable within one year42/48 | €98,496 | €135,222 | €152,962 | €121,432 | €126,550 | ▲ 4.2% |
| Trade debts44 | €8,510 | €15,345 | €19,842 | €34,563 | €42,837 | ▲ 23.9% |
| Suppliers440/4 | €8,510 | €15,345 | €19,842 | €34,563 | €42,837 | ▲ 23.9% |
| Taxes, remuneration and social security45 | €30,774 | €55,694 | €57,853 | €23,445 | €12,778 | ▼ 45.5% |
| Taxes450/3 | €4,493 | €5,396 | €1,947 | €504 | €598 | ▲ 18.6% |
| Remuneration and social security454/9 | €26,282 | €50,298 | €55,906 | €22,941 | €12,180 | ▼ 46.9% |
| Other amounts payable47/48 | €59,211 | €64,183 | €75,266 | €63,424 | €70,935 | ▲ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,987 | €7,230 | €1,850 | -€753 | -€15,569 | ▼ 1,969% |
| + Depreciation and write-downs630 | €9,465 | €1,525 | €1,514 | €1,702 | €2,121 | ▲ 24.6% |
| Operating cash flow (approximation) | €37,452 | €8,755 | €3,364 | €949 | -€13,448 | ▼ 1,517% |
| Investment in fixed assets (approximation) | - | -€2,157 | €0 | -€5,412 | -€1,158 | ▲ 78.6% |
| Change in cash | - | €10,170 | -€4,437 | -€2,146 | €14,735 | ▲ 787% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 90 days late
2021
31-12
Financial
Back to profitnet €27,987
Net result €27,987 after 3 loss-making years.
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 84 days late
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 103 days late
2019
31-12
Financial
Weakest financial yearnet -€21,538
Net result drops to -€21,538, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Liège · 1 establishment unit since 2012
Ground area
87 m²
Building footprint
88 m²
Volume, LiDAR
877 m³
Parcel 62806C0514/00G004, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Vennes 98, 4020 Liège
since 20122.206.894.213
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0514/00G004 | Wallonia | 87 m² | 1 · 88 m² | 11.1 m · 3 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.
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,403. 516 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.