Headlight
ActiveSummary
Headlight has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,950 and a net result of €113,298. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency41▲+41
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.4 in 2024; short-term debt: 41.8% and cash: 28.1% of total assets), but 84.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.8%
Return on assets
42.7%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
44 d early
2023
20 d early
2022
51 d late
2021
1 d late
2020
32 d early
2019
61 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 2 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€41,950
2024 · -€71,347
Total assets
€265,639▲ 53.1%
2024 · €173,457
Net result
€113,298▲ 67.3%
2024 · €67,715
Working capital
€153,653▲ 53.1%
2024 · €100,391
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€197,800▲ 376%-€4,692-€346,122▼ 7,277%€83,385€121,829▲ 46.1%
Net result€132,575▲ 347%-€8,497-€351,349▼ 4,035%€67,715€113,298▲ 67.3%
Equity€220,784▲ 150%€212,287▼ 3.8%-€139,062-€71,347▲ 48.7%€41,950
Total assets€369,622▲ 146%€345,739▼ 6.5%€262,736▼ 24.0%€173,457▼ 34.0%€265,639▲ 53.1%
Debt€148,838▲ 141%€133,452▼ 10.3%€401,798▲ 201%€244,805▼ 39.1%€223,689▼ 8.6%
Working capital€220,231▲ 192%€191,211▼ 13.2%€90,065▼ 52.9%€100,391▲ 11.5%€153,653▲ 53.1%
Staff (FTE)2.4▲ 50.0%2.3▼ 4.2%3.5▲ 52.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -4,035% on 2022. Cause not known from the registers.
- 2021 Net result +347%, Equity +150%, Total assets +146% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,639
Fixed assets
€1,005 ▼ 34.0%
Current assets
€264,634 ▲ 53.9%
Equity and liabilities €265,639
Equity
€41,950
Debt
€223,689
Debt finances 84.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€122,346▲
2024 · €83,902
Cash flow
€113,815▲
2024 · €68,232
Current ratio
2.38▼
2024 · 2.40
Debt to equity
5.33▲
2024 · -3.43
ROE
270.1%
ROA
42.7%▲
2024 · 39.0%
Interest coverage
12.75▲
2024 · 5.54
Debt ≤ 1 year
€110,981▲
2024 · €71,544
Debt > 1 year
€112,708▼
2024 · €173,261
Income taxes
€0▼
2024 · €534
Staff costs
€170▼
2024 · €66,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,703 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €170,860 | €226,547 | €292,722 | €66,269 | €170 | ▼ 99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,934 | €4,769 | €113 | €517 | €517 | = |
| Other operating charges640/8 | €2,517 | €776 | €49,868 | €1,102 | €1,119 | ▲ 1.6% |
| Non-recurring operating charges66A | €1,229 | €0 | - | - | - | - |
| Gross operating margin9900 | €374,341 | €227,400 | -€3,420 | €151,273 | €123,635 | ▼ 18.3% |
| Operating profit (loss)9901 | €197,800 | -€4,692 | -€346,122 | €83,385 | €121,829 | ▲ 46.1% |
| Financial income75/76B | €163 | €0 | €55 | €0 | €1,063 | - |
| Recurring financial income75 | €163 | €0 | €55 | €0 | €1,063 | - |
| Financial charges65/66B | €1,407 | €2,041 | €5,142 | €15,136 | €9,595 | ▼ 36.6% |
| Recurring financial charges65 | €1,407 | €2,041 | €5,142 | €15,136 | €9,595 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €196,556 | -€6,733 | -€351,209 | €68,248 | €113,298 | ▲ 66.0% |
| Income taxes67/77 | €63,981 | €1,765 | €140 | €534 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €132,575 | -€8,497 | -€351,349 | €67,715 | €113,298 | ▲ 67.3% |
| Profit (loss) for the period to be appropriated9905 | €132,575 | -€8,497 | -€351,349 | €67,715 | €113,298 | ▲ 67.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369,622 | €345,739 | €262,736 | €173,457 | €265,639 | ▲ 53.1% |
| Fixed assets21/28 | €554 | €21,076 | €2,039 | €1,522 | €1,005 | ▼ 34.0% |
| Tangible fixed assets22/27 | €554 | €21,076 | €2,039 | €1,522 | €1,005 | ▼ 34.0% |
| Plant, machinery and equipment23 | €242 | €0 | - | - | - | - |
| Furniture and vehicles24 | €312 | €21,076 | €2,039 | €1,522 | €1,005 | ▼ 34.0% |
| Current assets29/58 | €369,068 | €324,664 | €260,696 | €171,935 | €264,634 | ▲ 53.9% |
| Amounts receivable within one year40/41 | €198,982 | €177,472 | €211,910 | €92,124 | €190,026 | ▲ 106% |
| Trade receivables40 | €169,211 | €129,466 | €145,448 | €63,757 | €161,660 | ▲ 154% |
| Other amounts receivable41 | €29,770 | €48,006 | €66,462 | €28,367 | €28,367 | = |
| Current investments50/53 | €0 | €6,950 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €164,562 | €135,455 | €48,690 | €79,812 | €74,608 | ▼ 6.5% |
| Deferred charges and accrued income490/1 | €5,525 | €4,787 | €96 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369,622 | €345,739 | €262,736 | €173,457 | €265,639 | ▲ 53.1% |
| Equity10/15 | €220,784 | €212,287 | -€139,062 | -€71,347 | €41,950 | ▲ 159% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €202,184 | €202,184 | €202,184 | €202,184 | €202,184 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €200,324 | €200,324 | €202,184 | €202,184 | €202,184 | = |
| Profit (loss) carried forward14 | - | -€8,497 | -€359,846 | -€292,132 | -€178,834 | ▲ 38.8% |
| Amounts payable17/49 | €148,838 | €133,452 | €401,798 | €244,805 | €223,689 | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | €231,166 | €173,261 | €112,708 | ▼ 34.9% |
| Financial debts170/4 | - | - | €231,166 | €173,261 | €112,708 | ▼ 34.9% |
| Amounts payable within one year42/48 | €148,838 | €133,452 | €170,631 | €71,544 | €110,981 | ▲ 55.1% |
| Current portion of amounts payable after more than one year42 | - | - | €80,054 | €57,905 | €60,553 | ▲ 4.6% |
| Trade debts44 | €18,005 | €56,969 | €69,985 | €3,212 | €35,216 | ▲ 996% |
| Suppliers440/4 | €18,005 | €56,969 | €69,985 | €3,212 | €35,216 | ▲ 996% |
| Taxes, remuneration and social security45 | €130,833 | €76,484 | €20,593 | €9,247 | €12,401 | ▲ 34.1% |
| Taxes450/3 | €117,134 | €74,751 | €4,664 | €9,247 | €12,401 | ▲ 34.1% |
| Remuneration and social security454/9 | €13,700 | €1,733 | €15,929 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €1,180 | €2,811 | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,575 | -€8,497 | -€351,349 | €67,715 | €113,298 | ▲ 67.3% |
| + Depreciation and write-downs630 | €1,934 | €4,769 | €113 | €517 | €517 | = |
| Operating cash flow (approximation) | €134,509 | -€3,728 | -€351,237 | €68,232 | €113,815 | ▲ 66.8% |
| Investment in fixed assets (approximation) | - | -€25,291 | €18,924 | €0 | €0 | - |
| Change in cash | - | -€29,107 | -€86,764 | €31,121 | -€5,204 | ▼ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €67,715
Net result €67,715 after 2 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€351,349
Net result drops to -€351,349, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Highest result since 2018net €132,575 ▲347%
Operating result €197,800, net result €132,575, both a record.
31-12
Financial
Equity above €200,000Eq €220,784 ▲150%
4 profitable years in a row build equity to €220,784.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Mortsel · 2 establishment units since 2017
Ground area
2,643 m²
Building footprint
879 m²
Volume, LiDAR
16,526 m³
2 parcels, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Headlight
since 20172.264.140.445
Headlight
since 20172.264.140.544
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0445/00F008 | Flanders | 2,372 m² | 1 · 792 m² | 23.9 m · 7 fl. |
| 11029A0184/00D012 | Flanders | 271 m² | 1 · 86 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 to 2025 · 6 entries · 43,210 EUR awarded · 28,826 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 3,681 EUR |
| 2024 | 1 | 0 EUR | 18,065 EUR |
| 2023 | 2 | 37,750 EUR | 1,620 EUR |
| 2022 | 1 | 5,460 EUR | 5,460 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
8945003W9ADMRNL30263
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675454550
Also
9925:BE0675454550
Registered
21-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.