Concept Lighting
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 21-06-2026 at the NBB all 11 filings
Turnover
≈ €270,000
Estimated: probably between €180,000 and €410,000
Total assets
€192,320▲ 2.7%
2025 · €187,243
Net result
€15,180
2025 · -€38,137
Working capital
€38,348▼ 27.5%
2025 · €52,927
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€21,081
2026
20192026
Net result
€15,180
2026
20192026
Equity
€127,123
▲ 13.6%
2026
20192026
Total assets
€192,320
▲ 2.7%
2026
20192026
Debt
€65,197
▼ 13.4%
2026
20192026
Working capital
€38,348
▼ 27.5%
2026
20192026
Solvency
66.1%
▲ 6.3pp
2026
20192026
Current ratio
2.05
▼ 1.15
2026
20192026
Return on assets (ROA)
7.9%
▲ 28.3pp
2026
20192026
Staff (FTE)
1
▲ 150%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€4,901--€3,858-€30,878▼ 700%€34,855€161,633▲ 364%€36,892▼ 77.2%-€46,189€21,081
Net result€5,154--€3,490-€29,451below the sector's middle half▼ 744%€30,628above the sector's middle half€98,784above the sector's middle half▲ 223%€30,650above the sector's middle half▼ 69.0%-€38,137below the sector's middle half€15,180
Equity€22,958-€19,469▼ 15.2%-€9,983below the sector's middle half€20,646within the sector's middle half€119,430within the sector's middle half▲ 478%€150,080above the sector's middle half▲ 25.7%€111,943within the sector's middle half▼ 25.4%€127,123▲ 13.6%
Total assets€194,497-€175,426▼ 9.8%€66,416within the sector's middle half▼ 62.1%€196,650within the sector's middle half▲ 196%€168,253within the sector's middle half▼ 14.4%€180,665within the sector's middle half▲ 7.4%€187,243within the sector's middle half▲ 3.6%€192,320▲ 2.7%
Debt€171,538-€155,957▼ 9.1%€76,399▼ 51.0%€176,004▲ 130%€48,823▼ 72.3%€30,585▼ 37.4%€75,300▲ 146%€65,197▼ 13.4%
Working capital-€43,069--€34,696▲ 19.4%-€38,854below the sector's middle half▼ 12.0%-€35,178below the sector's middle half▲ 9.5%€49,064within the sector's middle half€106,125above the sector's middle half▲ 116%€52,927within the sector's middle half▼ 50.1%€38,348▼ 27.5%
Solvency11.8%-11.1%▼ 0.7pp-15.0%below the sector's middle half▼ 26.1pp10.5%below the sector's middle half▲ 25.5pp71.0%within the sector's middle half▲ 60.5pp83.1%above the sector's middle half▲ 12.1pp59.8%within the sector's middle half▼ 23.3pp66.1%▲ 6.3pp
Current ratio0.75-0.78▲ 0.030.49below the sector's middle half▼ 0.290.80below the sector's middle half▲ 0.312.00within the sector's middle half▲ 1.204.47above the sector's middle half▲ 2.463.20within the sector's middle half▼ 1.272.05▼ 1.15
Return on assets (ROA)2.6%--2.0%▼ 4.6pp-44.3%below the sector's middle half▼ 42.4pp15.6%within the sector's middle half▲ 59.9pp58.7%above the sector's middle half▲ 43.1pp17.0%within the sector's middle half▼ 41.7pp-20.4%below the sector's middle half▼ 37.3pp7.9%▲ 28.3pp
Staff (FTE)0.41▲ 150%
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a profit of €21,081, after a loss of €46,189 in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €192,320
Fixed assets
€117,490 ▲ 6.5%
Current assets
€74,830 ▼ 2.8%
Equity and liabilities €192,320
Equity
€127,123 ▲ 13.6%
Debt
€65,197 ▼ 13.4%
Debt's share of the balance-sheet total falls from 40.2% to 33.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,332▲
2025 · €12,024
Cash flow
€62,431▲
2025 · €20,076
Debt to equity
0.51▼
2025 · 0.67
ROE
11.9%▲
2025 · -34.1%
Interest coverage
34.34▼
2025 · 39.29
Debt ≤ 1 year
€36,482▲
2025 · €24,036
Debt > 1 year
€28,715▼
2025 · €51,264
Income taxes
€4,421▲
2025 · -€7,741
Staff costs
€35,240▲
2025 · €13,936
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2025 | 31-03-2026 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 0.4 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
| Training hours | 0 | 0 |
Source: social balance sheet in the 2025 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €63,397 | €69,072 | €31,991 | €124,538 | €54,461 |
| Depreciation and write-downs of the year | €36,445 | €54,530 | €58,402 | €58,213 | €47,251 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €13,936 | €35,240 | ▲ 153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,318 | €65,061 | €31,317 | €36,445 | €54,530 | €58,402 | €58,213 | €47,251 | ▼ 18.8% |
| Other operating charges640/8 | - | - | - | €6,461 | €814 | €691 | €951 | €2,360 | ▲ 148% |
| Gross operating margin9900 | €82,043 | €61,640 | €1,188 | €77,760 | €216,976 | €95,985 | €26,911 | €105,932 | ▲ 294% |
| Operating profit (loss)9901 | €4,901 | -€3,858 | -€30,878 | €34,855 | €161,633 | €36,892 | -€46,189 | €21,081 | - |
| Financial income75/76B | - | - | - | - | €1 | €500 | €617 | €510 | ▼ 17.3% |
| Recurring financial income75 | - | - | - | - | €1 | €500 | €617 | €510 | ▼ 17.3% |
| Non-recurring financial income76B | - | - | - | - | €1 | €500 | €617 | €510 | ▼ 17.3% |
| Financial charges65/66B | - | - | - | €1,039 | €742 | €871 | €306 | €1,990 | ▲ 550% |
| Recurring financial charges65 | €1,846 | €1,238 | €231 | €1,039 | €742 | €871 | €306 | €1,990 | ▲ 550% |
| Non-recurring financial charges66B | - | - | - | - | - | €871 | €306 | €1,990 | ▲ 550% |
| Profit (loss) for the period before taxes9903 | €3,258 | -€4,053 | -€29,451 | €33,815 | €160,892 | €36,521 | -€45,878 | €19,601 | - |
| Income taxes67/77 | -€1,895 | -€564 | - | €3,187 | €62,108 | €5,871 | -€7,741 | €4,421 | - |
| Profit (loss) for the period9904 | €5,154 | -€3,490 | -€29,451 | €30,628 | €98,784 | €30,650 | -€38,137 | €15,180 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €186 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5,154 | -€3,490 | -€29,451 | €30,443 | €98,784 | €30,650 | -€38,137 | €15,180 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €194,497 | €175,426 | €66,416 | €196,650 | €168,253 | €180,665 | €187,243 | €192,320 | ▲ 2.7% |
| Fixed assets21/28 | €66,028 | €54,165 | €28,871 | €55,824 | €70,366 | €43,955 | €110,280 | €117,490 | ▲ 6.5% |
| Tangible fixed assets22/27 | €66,028 | €54,165 | €28,871 | €55,824 | €70,366 | €43,955 | €110,280 | €117,490 | ▲ 6.5% |
| Plant, machinery and equipment23 | - | - | - | €43,432 | €57,317 | €33,762 | €53,584 | €60,594 | ▲ 13.1% |
| Furniture and vehicles24 | - | - | - | €12,391 | €13,049 | €10,193 | €30,432 | €38,180 | ▲ 25.5% |
| Leasing and similar rights25 | - | - | - | - | - | - | €26,264 | €18,716 | ▼ 28.7% |
| Current assets29/58 | €128,469 | €121,260 | €37,545 | €140,826 | €97,887 | €136,710 | €76,963 | €74,830 | ▼ 2.8% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €28,049 | - | - | - |
| Trade receivables290 | - | - | - | - | - | €7,149 | - | - | - |
| Other amounts receivable291 | - | - | - | - | - | €20,900 | - | - | - |
| Amounts receivable within one year40/41 | €53,388 | €105,404 | €31,988 | €64,863 | €30,789 | - | €64,199 | €66,392 | ▲ 3.4% |
| Trade receivables40 | - | - | - | €63,971 | €9,889 | - | €43,299 | €22,844 | ▼ 47.2% |
| Other amounts receivable41 | - | - | - | €892 | €20,900 | - | €20,900 | €43,548 | ▲ 108% |
| Cash at bank and in hand54/58 | €75,081 | €15,856 | €5,558 | €75,963 | €67,098 | €108,661 | €12,764 | €8,438 | ▼ 33.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €194,497 | €175,426 | €66,416 | €196,650 | €168,253 | €180,665 | €187,243 | €192,320 | ▲ 2.7% |
| Equity10/15 | €22,958 | €19,469 | -€9,983 | €20,646 | €119,430 | €150,080 | €111,943 | €127,123 | ▲ 13.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4,358 | €1,860 | €1,860 | €2,046 | €100,830 | €131,480 | €131,480 | €131,480 | = |
| 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 | = |
| Tax-exempt reserves132 | - | - | - | €186 | €186 | €186 | €186 | €186 | = |
| Distributable reserves133 | - | - | - | - | €98,784 | €129,434 | €129,434 | €129,434 | = |
| Profit (loss) carried forward14 | €0 | -€991 | -€30,443 | €0 | - | - | -€38,137 | -€22,957 | ▲ 39.8% |
| Amounts payable17/49 | €171,538 | €155,957 | €76,399 | €176,004 | €48,823 | €30,585 | €75,300 | €65,197 | ▼ 13.4% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €51,264 | €28,715 | ▼ 44.0% |
| Financial debts170/4 | - | - | - | - | - | - | €51,264 | €28,715 | ▼ 44.0% |
| Amounts payable within one year42/48 | €171,538 | €155,957 | €76,399 | €176,004 | €48,823 | €30,585 | €24,036 | €36,482 | ▲ 51.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €796 | - |
| Financial debts43 | - | - | - | €65,000 | €25,000 | - | - | - | - |
| Other loans439 | - | - | - | €65,000 | €25,000 | - | - | - | - |
| Trade debts44 | €15,658 | €32,008 | €1,399 | €31,386 | €16,461 | €16,924 | €21,912 | €28,400 | ▲ 29.6% |
| Suppliers440/4 | - | - | - | €31,386 | €16,461 | €16,924 | €21,912 | €28,400 | ▲ 29.6% |
| Advances received on contracts in progress46 | - | - | - | €79,618 | €7,362 | €13,661 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €2,124 | €7,286 | ▲ 243% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €2,124 | €7,286 | ▲ 243% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,154 | -€3,490 | -€29,451 | €30,628 | €98,784 | €30,650 | -€38,137 | €15,180 | - |
| + Depreciation and write-downs630 | €76,318 | €65,061 | €31,317 | €36,445 | €54,530 | €58,402 | €58,213 | €47,251 | ▼ 18.8% |
| Operating cash flow (approximation) | €81,472 | €61,571 | €1,866 | €67,073 | €153,313 | €89,052 | €20,076 | €62,431 | ▲ 211% |
| Investment in fixed assets (approximation) | - | -€53,198 | -€6,023 | -€63,397 | -€69,072 | -€31,991 | -€124,538 | -€54,461 | ▲ 56.3% |
| Change in cash | - | -€59,224 | -€10,299 | €70,405 | -€8,865 | €41,563 | -€95,897 | -€4,326 | ▲ 95.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as Concept Lighting has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Concept Lighting itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Concept Lighting. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 21-06-2026 | 2026-00179609 | |
| 31-03-2025 | micro format | 21-06-2025 | 2025-00161000 | |
| 31-03-2024 | micro format | 16-06-2024 | 2024-00137553 | |
| 31-03-2023 | micro format | 02-07-2023 | 2023-00200436 | |
| 31-03-2022 | micro format | 25-06-2022 | 2022-20091970 | |
| 31-03-2021 | micro format | 13-06-2021 | 2021-22000591 | |
| 31-03-2020 | micro format | 14-06-2020 | 2020-17100365 | |
| 31-03-2019 | micro format | 15-06-2019 | 2019-19000005 | |
| 31-03-2018 | micro format | 23-06-2018 | 2018-24100164 | |
| 31-03-2017 | abbreviated format | 02-07-2017 | 2017-28300036 |