FANLIGHT
ActiveSummary
FANLIGHT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €653k and a net result of €43k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 138 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 10.74 against 13.0 in 2023; short-term debt: 8.6% and cash: 9.3% of total assets), and 8.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.3%
Return on assets
6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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
62 d late
2023
14 d late
2022
14 d early
2021
2 d early
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€653k▲ 7.1%
2023 · €610k
2018: €405k
2019: €426k
2020: €466k
2021: €518k
2022: €563k
2023: €610k
2018 → 2024
Total assets
€715k▲ 8.6%
2023 · €659k
2018: €484k
2019: €489k
2020: €546k
2021: €608k
2022: €642k
2023: €659k
2018 → 2024
Net result
€43k▼ 9.0%
2023 · €47k
2018: €35k
2019: €21k
2020: €40k
2021: €52k
2022: €44k
2023: €47k
2018 → 2024
Working capital
€600k▲ 4.0%
2023 · €577k
2018: €367k
2019: €369k
2020: €418k
2021: €469k
2022: €515k
2023: €577k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€466k-€518k▲ 11.2%€563k▲ 8.5%€610k▲ 8.4%€653k▲ 7.1%
Operating result€62k-€74k▲ 18.7%€66k▼ 11.0%€64k▼ 2.3%€65k▲ 1.0%
Net result€40k-€52k▲ 30.8%€44k▼ 15.7%€47k▲ 7.5%€43k▼ 9.0%
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 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €715k
Fixed assets
€54k ▲ 61.3%
Current assets
€661k ▲ 5.8%
Equity and liabilities €715k
Equity
€653k ▲ 7.1%
Debt
€62k ▲ 28.3%
Debt's share of the balance-sheet total rises from 7.4% to 8.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▲
2023 · €78k
Cash flow
€60k▼
2023 · €61k
Current ratio
10.74▼
2023 · 13.00
Quick ratio
3.10▼
2023 · 4.02
Debt to equity
0.10▲
2023 · 0.08
ROE
6.6%▼
2023 · 7.8%
ROA
6.0%▼
2023 · 7.2%
Interest coverage
9.06▼
2023 · 9.91
Debt ≤ 1 year
€62k▲
2023 · €48k
Income taxes
€14k▼
2023 · €16k
Staff costs
€965▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€659k€715k▲
Fixed assets21/28€34k€54k▲
Tangible fixed assets22/27€34k€54k▲
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€19k€44k▲
Other tangible fixed assets26€4k€3k▼
Current assets29/58€625k€661k▲
Stocks and contracts in progress3€432k€470k▲
Stocks30/36€432k€470k▲
Amounts receivable within one year40/41€90k€122k▲
Trade receivables40€90k€121k▲
Other amounts receivable41€232€1k▲
Cash at bank and in hand54/58€101k€66k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€659k€715k▲
Equity10/15€610k€653k▲
Contributions10/11€19k€19k=
Reserves13€591k€635k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€590k€635k▲
Amounts payable17/49€48k€62k▲
Amounts payable within one year42/48€48k€62k▲
Trade debts44€29k€37k▲
Suppliers440/4€29k€37k▲
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€10k€16k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€9k€9k▲
Accrued charges and deferred income492/3€422€602▲
Income statement
Code20232024
Remuneration, social security and pensions62€5k€965▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€84k€84k▼
Operating profit (loss)9901€64k€65k▲
Financial income75/76B€7k€1k▼
Recurring financial income75€7k€1k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€64k€57k▼
Income taxes67/77€16k€14k▼
Profit (loss) for the period9904€47k€43k▼
Profit (loss) for the period to be appropriated9905€47k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€43k▼
Transfer to equity691/2€47k€43k▼
To other reserves6921€47k€43k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 62 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €52k ▲30.8%
Operating result €74k, net result €52k, both a record.
31-12
Financial
Equity above €500kEq €518k ▲11.2%
4 profitable years in a row build equity to €518k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €21k ▼40.3%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Damme · 1 establishment unit since 2002
Ground area
7,062 m²
Building footprint
1,618 m²
Volume, LiDAR
9,146 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bisschopsdreef 53, 8310 Brugge
since 20022.115.609.788
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0197/00F000 | Flanders | 5,596 m² | 1 · 333 m² | 9.8 m · 2 fl. |
| 31026C0796/00F008 | Flanders | 1,466 m² | 1 · 1,286 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Urban LED Design
BE 0731.715.045
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LUMINAR
BE 0864.014.929
Izegem · Eq €700k
Of 256 companies in sector 27402 we hold annual accounts for 157. 103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.