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G.B.D. LIGHTING

Active
Public limited companyfounded 200818 yrs activeRue de l'Eglise 4, 4620 Fléron, BelgiumKBO/BCE: BE 0899.439.131
Summary

G.B.D. LIGHTING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,626 and a net result of -€1,601. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▼-2
Solvency73▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.96 in 2024; short-term debt: 51.7% and cash: 1.5% of total assets), but 51.7% of the assets are financed with debt.
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Signals

Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
31 d early
2023
28 d early
2022
35 d early
2021
31 d late
2020
27 d late
2019
35 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 1 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

G.B.D. LIGHTING was incorporated on 23 July 2008.1 Total assets fell from EUR 590,858 in 2018 to EUR 340,626 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,601
2024 · €125
Working capital
€164,626▼ 1.0%
2024 · €166,227
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€4,292▼ 3.6%€8,041▲ 87.4%€9,736▲ 21.1%€254▼ 97.4%-€1,427
Net result€3,072within the sector's middle half▲ 0.1%€5,876within the sector's middle half▲ 91.3%€7,118within the sector's middle half▲ 21.1%€125within the sector's middle half▼ 98.2%-€1,601within the sector's middle half
Equity€153,109within the sector's middle half▲ 2.0%€158,984within the sector's middle half▲ 3.8%€166,102within the sector's middle half▲ 4.5%€166,227within the sector's middle half▲ 0.1%€164,626within the sector's middle half▼ 1.0%
Total assets€327,614below the sector's middle half▼ 32.9%€334,524below the sector's middle half▲ 2.1%€339,972below the sector's middle half▲ 1.6%€339,865below the sector's middle half=€340,626below the sector's middle half▲ 0.2%
Debt€174,505▼ 48.4%€175,540▲ 0.6%€173,869▼ 1.0%€173,638▼ 0.1%€176,000▲ 1.4%
Working capital€153,109within the sector's middle half▲ 2.0%€158,984within the sector's middle half▲ 3.8%€166,102within the sector's middle half▲ 4.5%€166,227within the sector's middle half▲ 0.1%€164,626within the sector's middle half▼ 1.0%
Solvency46.7%within the sector's middle half▲ 16.0pp47.5%within the sector's middle half▲ 0.8pp48.9%within the sector's middle half▲ 1.3pp48.9%within the sector's middle half▲ 0.1pp48.3%within the sector's middle half▼ 0.6pp
Current ratio1.88within the sector's middle half▲ 0.431.91within the sector's middle half▲ 0.031.96within the sector's middle half▲ 0.051.96within the sector's middle half=1.94within the sector's middle half▼ 0.02
Return on assets (ROA)0.9%within the sector's middle half▲ 0.3pp1.8%within the sector's middle half▲ 0.8pp2.1%within the sector's middle half▲ 0.3pp0.0%within the sector's middle half▼ 2.1pp-0.5%within the sector's middle half▼ 0.5pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2021: €4,292€4,292Net result 2021: €3,072€3,072Operating result 2022: €8,041€8,041Net result 2022: €5,876€5,876Operating result 2023: €9,736€9,736Net result 2023: €7,118€7,118Operating result 2024: €254€254Net result 2024: €125€125Operating result 2025: -€1,427-€1,427Net result 2025: -€1,601-€1,60120212022202320242025-€5,000€0€5,000€10,000Operating result 2023: €9,736€9,740Net result 2023: €7,118€7,120Operating result 2024: €254€254Net result 2024: €125€125Operating result 2025: -€1,427-€1,430Net result 2025: -€1,601-€1,600202320242025
The operating result turns negative in 2025: a loss of €1,427 after €254 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €340,626
Equity €164,626 ▼ 1.0%
Debt €176,000 ▲ 1.4%
Debt's share of the balance-sheet total rises from 51.1% to 51.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.25▼
2024 · 0.35
Debt to equity
1.07▲
2024 · 1.04
ROE
-1.0%▼
2024 · 0.1%
Debt ≤ 1 year
€176,000▲
2024 · €173,638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€339,865€340,626▲
Current assets29/58€339,865€340,626▲
Stocks and contracts in progress3€278,541€295,931▲
Stocks30/36€278,541€295,931▲
Amounts receivable within one year40/41€39,547€39,705▲
Trade receivables40€5,800€5,800=
Other amounts receivable41€33,747€33,905▲
Cash at bank and in hand54/58€21,777€4,990▼
Equity and liabilities
Total equity and liabilities10/49€339,865€340,626▲
Equity10/15€166,227€164,626▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€56,150€56,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Distributable reserves133€50,000€50,000=
Profit (loss) carried forward14€48,577€46,976▼
Amounts payable17/49€173,638€176,000▲
Amounts payable within one year42/48€173,638€176,000▲
Taxes, remuneration and social security45€2,638-
Taxes450/3€2,638-
Other amounts payable47/48€171,000€176,000▲
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€641-€1,028▼
Operating profit (loss)9901€254-€1,427▼
Financial charges65/66B€82€174▲
Recurring financial charges65€82€174▲
Profit (loss) for the period before taxes9903€172-€1,601▼
Income taxes67/77€47-
Profit (loss) for the period9904€125-€1,601▼
Profit (loss) for the period to be appropriated9905€125-€1,601▼
Appropriation of the result
Profit (loss) to be appropriated9906€48,577€46,976▼
Profit (loss) brought forward from the previous period14P€48,452€48,577▲
Line20212022202320242025Change
Other operating charges640/8€348€348€384€387€400▲ 3.2%
Gross operating margin9900€4,639€8,389€10,120€641-€1,028▼ 260%
Operating profit (loss)9901€4,292€8,041€9,736€254-€1,427▼ 662%
Financial charges65/66B€35€27€27€82€174▲ 112%
Recurring financial charges65€35€27€27€82€174▲ 112%
Profit (loss) for the period before taxes9903€4,256€8,014€9,709€172-€1,601▼ 1,033%
Income taxes67/77€1,184€2,139€2,591€47--
Profit (loss) for the period9904€3,072€5,876€7,118€125-€1,601▼ 1,383%
Profit (loss) for the period to be appropriated9905€3,072€5,876€7,118€125-€1,601▼ 1,383%
Line20212022202320242025Change
Assets
Total assets20/58€327,614€334,524€339,972€339,865€340,626▲ 0.2%
Current assets29/58€327,614€334,524€339,972€339,865€340,626▲ 0.2%
Stocks and contracts in progress3€219,610€226,989€274,201€278,541€295,931▲ 6.2%
Stocks30/36€219,610€226,989€274,201€278,541€295,931▲ 6.2%
Amounts receivable within one year40/41€29,880€56,164€39,426€39,547€39,705▲ 0.4%
Trade receivables40-€22,955€5,800€5,800€5,800=
Other amounts receivable41€29,880€33,209€33,626€33,747€33,905▲ 0.5%
Cash at bank and in hand54/58€78,124€51,371€26,345€21,777€4,990▼ 77.1%
Equity and liabilities
Total equity and liabilities10/49€327,614€334,524€339,972€339,865€340,626▲ 0.2%
Equity10/15€153,109€158,984€166,102€166,227€164,626▼ 1.0%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500€61,500€61,500=
Reserves13€56,150€56,150€56,150€56,150€56,150=
Non-distributable reserves130/1€6,150€6,150€6,150€6,150€6,150=
Legal reserve130€6,150€6,150€6,150€6,150€6,150=
Distributable reserves133€50,000€50,000€50,000€50,000€50,000=
Profit (loss) carried forward14€35,459€41,334€48,452€48,577€46,976▼ 3.3%
Amounts payable17/49€174,505€175,540€173,869€173,638€176,000▲ 1.4%
Amounts payable within one year42/48€174,505€175,540€173,869€173,638€176,000▲ 1.4%
Trade debts44€1,221€1,265€278---
Suppliers440/4€1,221€1,265€278---
Taxes, remuneration and social security45€2,284€3,275€2,591€2,638--
Taxes450/3€2,284€3,275€2,591€2,638--
Other amounts payable47/48€171,000€171,000€171,000€171,000€176,000▲ 2.9%
Line20212022202320242025Change
Profit (loss) for the period9904€3,072€5,876€7,118€125-€1,601▼ 1,383%
Operating cash flow (approximation)€3,072€5,876€7,118€125-€1,601▼ 1,383%
Change in cash--€26,752-€25,027-€4,568-€16,787▼ 267%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€1,601
Net result drops to -€1,601, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial Equity above €150,000Eq €150,037 ▲2.1%
3 profitable years in a row build equity to €150,037.
04-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
24-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
14-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Fléron
exact location from the address register On OpenStreetMap
Ground area
1,333 m²
Building footprint
80 m²
Volume, LiDAR
801 m³
Parcel 62038A0108/00G002, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62038A0108/00G002 Wallonia 1,333 m² 1 · 80 m² 11.4 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 765 companies in sector 47552 we hold annual accounts for 444. 378 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded23-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
27330Manufacture of electrical equipment
27402Manufacture of electrical equipment
47527Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0899439131
Also 9925:BE0899439131
Registered 01-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.