LED TECH
ActiveSummary
LED TECH has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,055 and a net result of -€12,757. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 90% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-76
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 4.07 against 2.96 in 2024; short-term debt: 13.5% and cash: 49.2% of total assets), and 13.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 dateAge against the risk zone
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
86.5%
Return on assets
-35.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
22 d late
2022
28 d late
2021
18 d late
2020
31 d late
2019
60 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 30 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€31,055▼ 29.1%
2024 · €43,812
Total assets
€35,907▼ 35.5%
2024 · €55,682
Net result
-€12,757
2024 · €3,265
Working capital
€14,880▼ 35.4%
2024 · €23,051
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€48,699-€21,041€26,839€5,615▼ 79.1%-€12,432
Net result€42,956within the sector's middle half-€23,823below the sector's middle half€25,360within the sector's middle half€3,265within the sector's middle half▼ 87.1%-€12,757below the sector's middle half
Equity€39,010below the sector's middle half€15,186below the sector's middle half▼ 61.1%€40,547within the sector's middle half▲ 167%€43,812within the sector's middle half▲ 8.1%€31,055within the sector's middle half▼ 29.1%
Total assets€57,355below the sector's middle half▲ 1,527%€64,801below the sector's middle half▲ 13.0%€65,840below the sector's middle half▲ 1.6%€55,682below the sector's middle half▼ 15.4%€35,907below the sector's middle half▼ 35.5%
Debt€18,345▲ 146%€49,614▲ 170%€25,293▼ 49.0%€11,869▼ 53.1%€4,852▼ 59.1%
Working capital€34,905€78▼ 99.8%€13,681▲ 17,494%€23,051▲ 68.5%€14,880▼ 35.4%
Solvency68.0%above the sector's middle half23.4%within the sector's middle half▼ 44.6pp61.6%within the sector's middle half▲ 38.1pp78.7%above the sector's middle half▲ 17.1pp86.5%above the sector's middle half▲ 7.8pp
Staff (FTE)1.8below the sector's middle half1.8below the sector's middle half=4▲ 122%0.8
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 turns negative in 2025: a loss of €12,432 after €5,615 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,907
Fixed assets
€16,175 ▼ 22.5%
Current assets
€19,732 ▼ 43.3%
Equity and liabilities €35,907
Equity
€31,055 ▼ 29.1%
Debt
€4,852 ▼ 59.1%
Debt's share of the balance-sheet total falls from 21.3% to 13.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,727▼
2024 · €13,005
Cash flow
-€6,052▼
2024 · €10,655
Current ratio
4.07▲
2024 · 2.96
Debt to equity
0.16▼
2024 · 0.27
ROE
-41.1%▼
2024 · 7.5%
ROA
-35.5%▼
2024 · 5.9%
Interest coverage
-17.59▼
2024 · 63.43
Debt ≤ 1 year
€4,852▼
2024 · €11,762
Staff costs
€38,131▼
2024 · €118,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 5,827 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 | €53,830 | €119,332 | €175,977 | €118,814 | €38,131 | ▼ 67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €234 | €3,326 | €5,334 | €7,390 | €6,705 | ▼ 9.3% |
| Other operating charges640/8 | - | €219 | €409 | €553 | €571 | ▲ 3.3% |
| Non-recurring operating charges66A | €100 | - | €305 | - | - | - |
| Gross operating margin9900 | €102,862 | €101,836 | €208,864 | €132,371 | €32,975 | ▼ 75.1% |
| Operating profit (loss)9901 | €48,699 | -€21,041 | €26,839 | €5,615 | -€12,432 | ▼ 321% |
| Financial income75/76B | €0 | €5 | €440 | €0 | - | - |
| Recurring financial income75 | €0 | €5 | €440 | €0 | - | - |
| Financial charges65/66B | €207 | €2,788 | €190 | €205 | €326 | ▲ 58.8% |
| Recurring financial charges65 | €207 | €1,637 | €190 | €205 | €326 | ▲ 58.8% |
| Non-recurring financial charges66B | - | €1,151 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €48,492 | -€23,823 | €27,089 | €5,410 | -€12,757 | ▼ 336% |
| Income taxes67/77 | €5,536 | - | €1,729 | €2,145 | - | - |
| Profit (loss) for the period9904 | €42,956 | -€23,823 | €25,360 | €3,265 | -€12,757 | ▼ 491% |
| Profit (loss) for the period to be appropriated9905 | €42,956 | -€23,823 | €25,360 | €3,265 | -€12,757 | ▼ 491% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,355 | €64,801 | €65,840 | €55,682 | €35,907 | ▼ 35.5% |
| Fixed assets21/28 | €4,105 | €15,109 | €26,905 | €20,868 | €16,175 | ▼ 22.5% |
| Tangible fixed assets22/27 | €1,405 | €12,409 | €24,205 | €18,168 | €13,475 | ▼ 25.8% |
| Plant, machinery and equipment23 | - | €2,996 | €3,000 | €2,118 | €3,231 | ▲ 52.5% |
| Furniture and vehicles24 | €1,405 | €9,412 | €21,205 | €16,050 | €10,244 | ▼ 36.2% |
| Financial fixed assets28 | €2,700 | €2,700 | €2,700 | €2,700 | €2,700 | = |
| Current assets29/58 | €53,250 | €49,692 | €38,935 | €34,814 | €19,732 | ▼ 43.3% |
| Amounts receivable within one year40/41 | €43,256 | €44,493 | €28,425 | €15,397 | €1,536 | ▼ 90.0% |
| Trade receivables40 | €42,545 | €33,000 | €17,650 | €14,574 | €480 | ▼ 96.7% |
| Other amounts receivable41 | €712 | €11,493 | €10,775 | €823 | €1,055 | ▲ 28.2% |
| Current investments50/53 | - | €2,924 | - | - | - | - |
| Cash at bank and in hand54/58 | €4,587 | - | €6,694 | €18,949 | €17,673 | ▼ 6.7% |
| Deferred charges and accrued income490/1 | €5,407 | €2,275 | €3,816 | €468 | €523 | ▲ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,355 | €64,801 | €65,840 | €55,682 | €35,907 | ▼ 35.5% |
| Equity10/15 | €39,010 | €15,186 | €40,547 | €43,812 | €31,055 | ▼ 29.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20,410 | €20,410 | €21,947 | €25,212 | €23,352 | ▼ 7.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €18,550 | €18,550 | €21,947 | €25,212 | €23,352 | ▼ 7.4% |
| Profit (loss) carried forward14 | - | -€23,823 | - | - | -€10,897 | - |
| Amounts payable17/49 | €18,345 | €49,614 | €25,293 | €11,869 | €4,852 | ▼ 59.1% |
| Amounts payable within one year42/48 | €18,345 | €49,614 | €25,254 | €11,762 | €4,852 | ▼ 58.8% |
| Trade debts44 | €8,276 | €28,503 | €2,723 | €1,896 | €1,012 | ▼ 46.6% |
| Suppliers440/4 | €8,276 | €28,503 | €2,723 | €1,896 | €1,012 | ▼ 46.6% |
| Taxes, remuneration and social security45 | €9,327 | €16,848 | €18,293 | €8,486 | €2,379 | ▼ 72.0% |
| Taxes450/3 | €5,536 | €5,536 | €1,729 | €2,145 | €186 | ▼ 91.3% |
| Remuneration and social security454/9 | €3,791 | €11,312 | €16,564 | €6,341 | €2,193 | ▼ 65.4% |
| Other amounts payable47/48 | €741 | €4,263 | €4,238 | €1,380 | €1,462 | ▲ 5.9% |
| Accrued charges and deferred income492/3 | - | - | €39 | €107 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,956 | -€23,823 | €25,360 | €3,265 | -€12,757 | ▼ 491% |
| + Depreciation and write-downs630 | €234 | €3,326 | €5,334 | €7,390 | €6,705 | ▼ 9.3% |
| Operating cash flow (approximation) | €43,190 | -€20,497 | €30,695 | €10,655 | -€6,052 | ▼ 157% |
| Investment in fixed assets (approximation) | - | -€14,330 | -€17,130 | -€1,353 | -€2,012 | ▼ 48.7% |
| Change in cash | - | - | - | €12,255 | -€1,275 | ▼ 110% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €25,360
Net result €25,360 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€23,823
Net result drops to -€23,823, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Back to profitnet €42,956
Net result €42,956 after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 2.90
Current ratio from 0.29 to 2.90.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Hasselt · 1 establishment unit since 2009
Ground area
1,979 m²
Building footprint
827 m²
Volume, LiDAR
4,669 m³
Parcel 71322A0422/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LED TECH
since 20092.183.576.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0422/00G000 | Flanders | 1,979 m² | 1 · 827 m² | 8.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 207 EUR awarded · 207 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 207 EUR | 207 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,015 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
Founded19-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478790317
Also
9925:BE0478790317
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.