FUL Lighting
ActiveThe computed 12-month bankruptcy probability of FUL Lighting is 1.9% (moderate). The 2025 annual accounts show equity of €10k and a net result of €-38k. Equity is shrinking by ~45.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 24% of 480 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency15▼-25
Growth32=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.28 in 2024), and 95.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
4.7%
Return on assets
-18.5%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€38k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 480 sector peers (2025).
NBB · sector comparisonPosition among 480 sector peers
Solvency
better than 24%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
51 d early
2023
26 d early
2022
24 d early
2021
11 d late
2020
24 d late
2019
69 d late
← 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€10k▼ 79.6%
2024 · €47k
2022: €106k
2023: €105k
2024: €47k
2022 → 2025
Total assets
€204k▲ 0.6%
2024 · €203k
2022: €242k
2023: €278k
2024: €203k
2022 → 2025
Net result
€-38k▲ 34.8%
2024 · €-58k
2022: €30k
2023: €34k
2024: €-58k
2022 → 2025
Working capital
€5k▼ 87.7%
2024 · €43k
2022: €100k
2023: €99k
2024: €43k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€106k-€105k▼ 1.0%€47k▼ 55.0%€10k▼ 79.6%
Operating result€41k-€47k▲ 14.7%€-53k€-30k▲ 44.6%
Net result€30k-€34k▲ 15.1%€-58k€-38k▲ 34.8%
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 stays negative: a loss of €30k in 2025 against €53k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204k
Fixed assets
€4k▼ 9.9%
Current assets
€199k▲ 0.9%
Equity and liabilities €204k
Equity
€10k▼ 79.6%
Debt
€194k▲ 25.1%
The debt ratio rises from 76.6% to 95.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-27k▲
2024 · €-50k
Cash flow
€-35k▲
2024 · €-55k
Solvency
4.7%▼
2024 · 23.4%
Current ratio
1.03▼
2024 · 1.28
Quick ratio
0.72▼
2024 · 0.86
Debt / equity
20.13▲
2024 · 3.28
ROE
-390.7%▼
2024 · -122.1%
ROA
-18.5%▲
2024 · -28.5%
Interest coverage
-3.60▲
2024 · -13.06
Debt
€194k▲
2024 · €155k
Debt ≤ 1 year
€194k▲
2024 · €155k
Debt > 1 year
€0▼
2024 · €336
Income taxes
€539▲
2024 · €534
Staff costs
€46k▼
2024 · €56k
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
Total assets
20/58€203k€204k▲
Fixed assets
21/28€5k€4k▼
Tangible fixed assets
22/27€5k€4k▼
Current assets
29/58€198k€199k▲
Stocks & contracts in progress
3€64k€59k▼
Amounts receivable within one year
40/41€131k€133k▲
Cash & bank
54/58€0€6k▲
Total equity & liabilities
10/49€203k€204k▲
Equity
10/15€47k€10k▼
Contributions / capital
10/11€19k€19k=
Accumulated profits (losses)
14€29k€-9k▼
Amounts payable
17/49€155k€194k▲
Amounts payable after one year
17€336€0▼
Amounts payable within one year
42/48€155k€194k▲
Trade debts payable within one year
44€122k€94k▼
Income statement
Code20242025
Gross operating margin
9900€7k€20k▲
Operating result
9901€-53k€-30k▲
Financial income
75€0€15▲
Financial charges
65€4k€8k▲
Result before taxes
9903€-57k€-37k▲
Income taxes
67/77€534€539▲
Net result for the period
9904€-58k€-38k▲
Result to be appropriated
9905€-58k€-38k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-58k ▼270%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €34k ▲15.1%
Operating result €47k, net result €34k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
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BE 1017.240.582
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Metrac International
BE 0424.175.060
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Of 762 companies in sector 47552 we hold annual accounts for 432. 142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2019
Fiscal year end31-12
Activities, NACEBEL
47552Retail sale of lighting equipment
47592Retail trade
71112Activities of interior architects
43212Electrical installation work in industrial facilities
46474Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 25-08-2026. Scores and ratios are computed by Checked and are not a credit decision.