Fosfari
ActiveFosfari has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.64M and a net result of €334k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 2.63 in 2024), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
65.1%
Return on assets
13.2%
Age of the figures
8 mo
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 →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
21 d early
2023
12 d late
2022
4 d early
2021
12 d early
2020
18 d early
2019
29 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.64M▲ 25.5%
2024 · €1.31M
2018: €389k
2019: €518k
2020: €668k
2021: €683k
2022: €811k
2023: €1.02M
2024: €1.31M
2018 → 2025
Total assets
€2.52M▼ 1.2%
2024 · €2.55M
2018: €1.40M
2019: €1.68M
2020: €1.94M
2021: €2.08M
2022: €1.92M
2023: €2.07M
2024: €2.55M
2018 → 2025
Net result
€334k▼ 15.5%
2024 · €395k
2018: €103k
2019: €130k
2020: €165k
2021: €121k
2022: €190k
2023: €218k
2024: €395k
2018 → 2025
Working capital
€1.52M▲ 28.5%
2024 · €1.18M
2018: €340k
2019: €391k
2020: €575k
2021: €570k
2022: €676k
2023: €866k
2024: €1.18M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€683k-€811k▲ 18.8%€1.02M▲ 25.5%€1.31M▲ 28.7%€1.64M▲ 25.5%
Operating result€208k-€309k▲ 48.4%€352k▲ 13.8%€563k▲ 59.9%€500k▼ 11.0%
Net result€121k-€190k▲ 57.5%€218k▲ 14.4%€395k▲ 81.6%€334k▼ 15.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.52M
Fixed assets
€537k▼ 17.0%
Current assets
€1.99M▲ 4.2%
Equity and liabilities €2.52M
Equity
€1.64M▲ 25.5%
Debt
€881k▼ 29.3%
The debt ratio falls from 48.7% to 34.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€586k▼
2024 · €651k
Cash flow
€419k▼
2024 · €484k
Solvency
65.1%▲
2024 · 51.3%
Current ratio
4.23▲
2024 · 2.63
Quick ratio
4.11▲
2024 · 2.55
Debt / equity
0.54▼
2024 · 0.95
ROE
20.3%▼
2024 · 30.2%
ROA
13.2%▼
2024 · 15.5%
Interest coverage
18.04▼
2024 · 23.59
Debt
€881k▼
2024 · €1.24M
Debt ≤ 1 year
€469k▼
2024 · €727k
Debt > 1 year
€63k▼
2024 · €518k
Income taxes
€134k▼
2024 · €146k
Staff costs
€452k▲
2024 · €423k
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€2.55M€2.52M▼
Fixed assets21/28€646k€537k▼
Tangible fixed assets22/27€646k€537k▼
Land and buildings22€463k€429k▼
Plant, machinery and equipment23€26k€17k▼
Furniture and vehicles24€157k€90k▼
Financial fixed assets28€75€75=
Current assets29/58€1.91M€1.99M▲
Stocks and contracts in progress3€52k€58k▲
Stocks30/36€52k€58k▲
Amounts receivable within one year40/41€559k€1.20M▲
Trade receivables40€559k€1.20M▲
Other amounts receivable41-€185
Current investments50/53€0-
Cash at bank and in hand54/58€1.29M€677k▼
Deferred charges and accrued income490/1€4k€55k▲
Equity and liabilities
Total equity and liabilities10/49€2.55M€2.52M▼
Equity10/15€1.31M€1.64M▲
Contributions10/11€19k€19k=
Reserves13€1.29M€1.62M▲
Distributable reserves133€1.29M€1.62M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.24M€881k▼
Amounts payable after more than one year17€518k€63k▼
Financial debts170/4€518k€63k▼
Amounts payable within one year42/48€727k€469k▼
Current portion of amounts payable after more than one year42€42k€0▼
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€247k€196k▼
Suppliers440/4€247k€196k▼
Taxes, remuneration and social security45€204k€264k▲
Taxes450/3€144k€202k▲
Remuneration and social security454/9€60k€62k▲
Other amounts payable47/48€234k€0▼
Accrued charges and deferred income492/3-€348k
Income statement
Code20242025
Remuneration, social security and pensions62€423k€452k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€86k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€-8k▼
Other operating charges640/8€25k€32k▲
Non-recurring operating charges66A€6k€15k▲
Gross operating margin9900€1.11M€1.08M▼
Operating profit (loss)9901€563k€500k▼
Financial income75/76B€6k€133▼
Recurring financial income75€6k€133▼
Financial charges65/66B€28k€32k▲
Recurring financial charges65€28k€32k▲
Profit (loss) for the period before taxes9903€541k€468k▼
Income taxes67/77€146k€134k▼
Profit (loss) for the period9904€395k€334k▼
Profit (loss) for the period to be appropriated9905€395k€334k▼
Appropriation of the result
Profit (loss) to be appropriated9906€395k€334k▼
Transfer from equity791/2€103k€0▼
Transfer to equity691/2€395k€334k▼
To other reserves6921€395k€334k▼
Profit to be distributed694/7€103k€0▼
Return on contributions (dividend)694€103k€0▼
Social balance
Average headcount (FTE)90877.88.7▲
The notes to these accounts (21 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €395k ▲81.6%
Operating result €563k, net result €395k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
31-12
Financial
Equity above €1MEq €1.02M ▲25.5%
6 profitable years in a row build equity to €1.02M.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €518k ▲33.3%
2 profitable years in a row build equity to €518k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Boortmeerbeek · 1 establishment unit since 2008
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.
Leuvensesteenweg 1363190 BoortmeerbeekGround area
4.5 ha
Building footprint
2.0 ha
Volume, LiDAR
265,392 m³
Parcel 24014D0047/00G000, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Fosfari Lighting
since 20082.232.857.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014D0047/00G000indicative | Flanders | 4.5 ha | 1 · 2.0 ha | 16.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,865 EUR awarded · 1,865 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,865 EUR | 1,865 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
IMAGILIGHTS
BE 0865.995.016
Deerlijk · Eq €1.65M
LINERGY BENELUX S.A.
BE 0878.042.713
Asse · Eq €1.57M
AXIOMA
BE 0542.532.480
Waregem · Eq €1.77M
GIBED
BE 0893.101.962
Geel · Eq €1.44M
UNDER-COVER
BE 0876.488.139
Herentals · Eq €1.92M
Of 267 companies in sector 46474 we hold annual accounts for 181. 96 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2008
Fiscal year end31-12
Activities, NACEBEL
46474Wholesale trade
47552Retail sale of lighting equipment
47592Retail trade
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.