G.B.D. LIGHTING
ActiveSummary
G.B.D. LIGHTING has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,626 and a net result of -€1,601. Equity has been growing by about 2.6% per year since 2018. Its solvency ranks better than 63% of 5,036 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-07-2008 Normal situation
- Activity
- Retail sale of lighting equipment NACE 47552and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Board and ownership
- E.M.G.E.Director · since 25-06-2020
- E.M.G.E.50%· score 932025 annual accounts of E.M.G.E.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€1,028
- Loss
- €1,601
- Equity
- €164,626
- ▼ 1.0%
- Total assets
- €340,626
- ▲ 0.2%
Score breakdownraises riskNo registered site in the KBOSector: Retail trade (NACE 47)lowers riskFounded in 2008Size: total assets €340,626Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 63% of them on solvency, 23% on liquidity, 28% on profitability and 36% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 17 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €1,427, after a profit of €254 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as G.B.D. LIGHTING: retail sale of lighting equipment (NACE 47552). They are comparable in size and age: total assets between €119,000 and €854,000, founded between 2001 and 2009.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| G.B.D. LIGHTING Fléron | 2008 | €340,626 | €164,626 | -€1,028 | - | -€1,601 | - | 2025 |
| P & S DECOR Bree | 2005 | €366,479 | €365,524 | -€1,175 | - | €2,849 | - | 2025 |
| TECHNO DESIGN Izegem | 2001 | €254,739 | €240,794 | -€31,677 | - | -€47,290 | - | 2025 |
| PALOMAR Schaarbeek | 2001 | €331,495 | €14,397 | -€16,212 | €377,535 | -€22,988 | - | 2025 |
| BLOK Productions Gent | 2009 | €190,392 | €30,532 | €2,713 | - | €2,741 | - | 2025 |
| IMMO CHRY Huy | 2007 | €118,975 | €74,672 | -€17,861 | - | -€15,539 | - | 2025 |
| DE POTTENTUIN Malle | 2003 | €853,829 | €79,622 | -€8,152 | - | -€98,209 | 2.9 | 2025 |
They were chosen from the 455 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,908 companies had the same profile as G.B.D. LIGHTING has now. Two years later, 1.1% had gone bankrupt and 90.9% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of G.B.D. LIGHTING itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,908 companies, not a prediction for G.B.D. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €11,252 | €10,125 | €4,801 | €4,639 | €8,389 | €10,120 | €641 | -€1,028 | - |
| Operating profit (loss)9901 | €10,904 | €9,778 | €4,453 | €4,292 | €8,041 | €9,736 | €254 | -€1,427 | - |
| Recurring financial income75 | - | - | €30 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €35 | €27 | €27 | €82 | €174 | ▲ 112% |
| Recurring financial charges65 | €157 | €174 | €180 | €35 | €27 | €27 | €82 | €174 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €10,747 | €9,604 | €4,203 | €4,256 | €8,014 | €9,709 | €172 | -€1,601 | - |
| Income taxes67/77 | €3,000 | €2,669 | €1,133 | €1,184 | €2,139 | €2,591 | €47 | - | - |
| Profit (loss) for the period9904 | €7,747 | €6,934 | €3,070 | €3,072 | €5,876 | €7,118 | €125 | -€1,601 | - |
| Profit (loss) for the period to be appropriated9905 | €7,747 | €6,934 | €3,070 | €3,072 | €5,876 | €7,118 | €125 | -€1,601 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €590,858 | €523,985 | €487,965 | €327,614 | €334,524 | €339,972 | €339,865 | €340,626 | ▲ 0.2% |
| Current assets29/58 | €590,858 | €523,985 | €487,965 | €327,614 | €334,524 | €339,972 | €339,865 | €340,626 | ▲ 0.2% |
| Stocks and contracts in progress3 | €121,810 | €153,075 | €73,075 | €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 | €451,999 | €340,550 | €297,137 | €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 | €17,048 | €30,360 | €117,752 | €78,124 | €51,371 | €26,345 | €21,777 | €4,990 | ▼ 77.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €590,858 | €523,985 | €487,965 | €327,614 | €334,524 | €339,972 | €339,865 | €340,626 | ▲ 0.2% |
| Equity10/15 | €140,032 | €146,966 | €150,037 | €153,109 | €158,984 | €166,102 | €166,227 | €164,626 | ▼ 1.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €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 | €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 | €22,382 | €29,316 | €32,387 | €35,459 | €41,334 | €48,452 | €48,577 | €46,976 | ▼ 3.3% |
| Amounts payable17/49 | €450,826 | €377,018 | €337,928 | €174,505 | €175,540 | €173,869 | €173,638 | €176,000 | ▲ 1.4% |
| Amounts payable within one year42/48 | €450,826 | €377,018 | €337,928 | €174,505 | €175,540 | €173,869 | €173,638 | €176,000 | ▲ 1.4% |
| Trade debts44 | €116,826 | €40,349 | €2,796 | €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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,747 | €6,934 | €3,070 | €3,072 | €5,876 | €7,118 | €125 | -€1,601 | - |
| Operating cash flow (approximation) | €7,747 | €6,934 | €3,070 | €3,072 | €5,876 | €7,118 | €125 | -€1,601 | - |
| Change in cash | - | €13,311 | €87,393 | -€39,628 | -€26,752 | -€25,027 | -€4,568 | -€16,787 | ▼ 267% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 01-07-2026 | 2026-00238358 | NBB |
| 31-12-2024 | full format | 30-06-2025 | 2025-00209615 | |
| 31-12-2023 | full format | 03-07-2024 | 2024-00214056 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00157275 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20378526 | |
| 31-12-2020 | full format | 27-08-2021 | 2021-56800265 | |
| 31-12-2019 | full format | 04-09-2020 | 2020-51200306 | |
| 31-12-2018 | full format | 24-07-2019 | 2019-39200314 | |
| 31-12-2017 | full format | 14-07-2018 | 2018-33600554 | |
| 31-12-2016 | full format | 05-07-2017 | 2017-27600208 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts E.M.G.E. 2025Equity €7.0m Loss of €2,737 in 2025 (profit of €4.4m in 2024) Checked score 9350%
Capital transactions
- 28-11-2023 Capital stated in the deed · €61,500 · 600 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| E.M.G.E. |
|
| DELCOUR Martine |
|
| E.M.G. |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, administrateur unique”
Articles of association, deed of 28-11-2023 (in French)
Network & group
Companies at the same address
1 other companyConnections & network
8 connected companiesShow 4 more companies with a shared director
Timeline
Acts, filings and financial milestones
28-11
Gazette deed
Purpose · Amendment of the articles · Resignations & appointments · MiscellaneousResignation: DELCOUR Martine (director) · Appointment: E.M.G.E. (administrateurunique nonstatutaire) · Permanent representative: Marc GERON13 points ▸
- Registered office clause, “Voie des Chevaux,21,4623 Fléron (Magnée)” (deed in French)
- Other provision, “Liège, immatriculation au registre des personnes morales” (deed in French)
- Incorporation, 22-07-2008
- Other provision, “statuts non modifiés, non modifiés à ce jour” (deed in French)
- General meeting, 22-11-2023, “assemblée générale extraordinaire” (deed in French)
- Purpose change
- Amendment of the articles
- Capital, €61,500
- General meeting, “adoptéeàunanimité, troisièmerésolution” (deed in French)
- Director resignation, DELCOUR Martine (director)
- Director appointment, E.M.G.E. (administrateurunique nonstatutaire)
- Permanent representative, Marc GERON (représentantpermanent)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62038A0108/00G002 | Wallonia | 1,333 m² | 1 · 80 m² | 11.4 m · 3 |