LEDTECHNIC
ActiveSummary
LEDTECHNIC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €331k and a net result of €66k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 288 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability57▲+19
Solvency59▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.52 in 2023; short-term debt: 46.2% and cash: 24.2% of total assets), but 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
35 d early
2022
38 d early
2021
38 d early
2020
38 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€331k▲ 24.3%
2023 · €266k
2018: €198klowest in 7 years
2019: €205k▲ +3.5% vs 2018
2020: €224k▲ +9.2% vs 2019
2021: €240k▲ +7.1% vs 2020
2022: €261k▲ +8.6% vs 2021
2023: €266k▲ +2.2% vs 2022
2024: €331k▲ +24.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€980k▲ 8.9%
2023 · €900k
2018: €747klowest in 7 years
2019: €776k▲ +3.8% vs 2018
2020: €762k▼ -1.7% vs 2019
2021: €857k▲ +12.5% vs 2020
2022: €949k▲ +10.6% vs 2021
2023: €900k▼ -5.2% vs 2022
2024: €980k▲ +8.9% vs 2023highest in 7 years
2018 → 2024
Net result
€66k▲ 1,064%
2023 · €6k
2018: €3klowest in 7 years
2019: €13k▲ +335% vs 2018
2020: €33k▲ +166% vs 2019
2021: €16k▼ -52.4% vs 2020
2022: €35k▲ +117% vs 2021
2023: €6k▼ -83.5% vs 2022
2024: €66k▲ +1064% vs 2023highest in 7 years
2018 → 2024
Working capital
€252k▲ 22.9%
2023 · €205k
2018: €252khighest in 7 years
2019: €233k▼ -7.7% vs 2018
2020: €216k▼ -7.1% vs 2019
2021: €229k▲ +5.9% vs 2020
2022: €211k▼ -7.9% vs 2021
2023: €205k▼ -2.7% vs 2022lowest in 7 years
2024: €252k▲ +22.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€224k-€240k▲ 7.1%€261k▲ 8.6%€266k▲ 2.2%€331k▲ 24.3%
2020: €224klowest in 5 years
2021: €240k▲ +7.1% vs 2020
2022: €261k▲ +8.6% vs 2021
2023: €266k▲ +2.2% vs 2022
2024: €331k▲ +24.3% vs 2023highest in 5 years
Operating result€57k-€31k▼ 45.3%€59k▲ 90.5%€33k▼ 45.2%€125k▲ 283%
2020: €57k
2021: €31k▼ -45.3% vs 2020lowest in 5 years
2022: €59k▲ +90.5% vs 2021
2023: €33k▼ -45.2% vs 2022
2024: €125k▲ +283% vs 2023highest in 5 years
Net result€33k-€16k▼ 52.4%€35k▲ 117%€6k▼ 83.5%€66k▲ 1,064%
2020: €33k
2021: €16k▼ -52.4% vs 2020
2022: €35k▲ +117% vs 2021
2023: €6k▼ -83.5% vs 2022lowest in 5 years
2024: €66k▲ +1064% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 283% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €980k
Fixed assets
€276k ▼ 9.2%
Current assets
€705k ▲ 18.2%
Equity and liabilities €980k
Equity
€331k ▲ 24.3%
Provisions
€74k =
Debt
€576k ▲ 2.8%
Debt's share of the balance-sheet total falls from 62.2% to 58.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€160k▲
2023 · €73k
Cash flow
€102k▲
2023 · €46k
Current ratio
1.56▲
2023 · 1.52
Quick ratio
1.00▲
2023 · 0.70
Debt to equity
1.74▼
2023 · 2.10
ROE
20.0%▲
2023 · 2.1%
ROA
6.8%▲
2023 · 0.6%
Interest coverage
3.63▲
2023 · 2.25
Debt ≤ 1 year
€453k▲
2023 · €391k
Debt > 1 year
€123k▼
2023 · €169k
Income taxes
€30k▲
2023 · €4k
Staff costs
€27k▼
2023 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€900k€980k▲
Fixed assets21/28€304k€276k▼
Tangible fixed assets22/27€304k€276k▼
Land and buildings22€252k€236k▼
Plant, machinery and equipment23€9k€3k▼
Furniture and vehicles24€43k€37k▼
Current assets29/58€596k€705k▲
Stocks and contracts in progress3€323k€251k▼
Stocks30/36€218k€170k▼
Contracts in progress37€105k€81k▼
Amounts receivable within one year40/41€81k€112k▲
Trade receivables40€71k€103k▲
Other amounts receivable41€11k€9k▼
Current investments50/53€50k€100k▲
Cash at bank and in hand54/58€139k€238k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€900k€980k▲
Equity10/15€266k€331k▲
Contributions10/11€19k€19k=
Reserves13€238k€304k▲
Distributable reserves133€238k€304k▲
Profit (loss) carried forward14€10k€8k▼
Provisions and deferred taxes16€74k€74k=
Provisions for liabilities and charges160/5€74k€74k=
Pensions and similar obligations160€74k€74k=
Amounts payable17/49€560k€576k▲
Amounts payable after more than one year17€169k€123k▼
Financial debts170/4€169k€123k▼
Amounts payable within one year42/48€391k€453k▲
Current portion of amounts payable after more than one year42€49k€46k▼
Trade debts44€39k€66k▲
Suppliers440/4€39k€66k▲
Taxes, remuneration and social security45€14k€40k▲
Taxes450/3€8k€37k▲
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48€290k€301k▲
Income statement
Code20232024
Remuneration, social security and pensions62€27k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€36k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€106k€192k▲
Operating profit (loss)9901€33k€125k▲
Financial income75/76B€10k€16k▲
Recurring financial income75€10k€16k▲
Financial charges65/66B€33k€44k▲
Recurring financial charges65€33k€44k▲
Profit (loss) for the period before taxes9903€10k€97k▲
Income taxes67/77€4k€30k▲
Profit (loss) for the period9904€6k€66k▲
Profit (loss) for the period to be appropriated9905€6k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€76k▲
Profit (loss) brought forward from the previous period14P€4k€10k▲
Transfer to equity691/2-€66k
To other reserves6921-€66k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | - | - | - |
| Remuneration, social security and pensions62 | - | €138k | €57k | €27k | €27k | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €41k | €34k | €41k | €36k | ▼ 12.3% |
| Other operating charges640/8 | - | €3k | €5k | €5k | €5k | ▼ 4.4% |
| Gross operating margin9900 | €233k | €213k | €156k | €106k | €192k | ▲ 82.3% |
| Operating profit (loss)9901 | €57k | €31k | €59k | €33k | €125k | ▲ 283% |
| Financial income75/76B | - | €12k | €12k | €10k | €16k | ▲ 64.5% |
| Recurring financial income75 | €10k | €12k | €12k | €10k | €16k | ▲ 64.5% |
| Financial charges65/66B | - | €20k | €25k | €33k | €44k | ▲ 35.7% |
| Recurring financial charges65 | €22k | €20k | €25k | €33k | €44k | ▲ 35.7% |
| Profit (loss) for the period before taxes9903 | €46k | €23k | €46k | €10k | €97k | ▲ 891% |
| Income taxes67/77 | €12k | €7k | €12k | €4k | €30k | ▲ 647% |
| Profit (loss) for the period9904 | €33k | €16k | €35k | €6k | €66k | ▲ 1,064% |
| Profit (loss) for the period to be appropriated9905 | €33k | €16k | €35k | €6k | €66k | ▲ 1,064% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €762k | €857k | €949k | €900k | €980k | ▲ 8.9% |
| Fixed assets21/28 | €242k | €221k | €341k | €304k | €276k | ▼ 9.2% |
| Tangible fixed assets22/27 | €242k | €221k | €341k | €304k | €276k | ▼ 9.2% |
| Land and buildings22 | - | €166k | €264k | €252k | €236k | ▼ 6.3% |
| Plant, machinery and equipment23 | - | €30k | €19k | €9k | €3k | ▼ 69.0% |
| Furniture and vehicles24 | - | €26k | €57k | €43k | €37k | ▼ 14.4% |
| Financial fixed assets28 | €125 | €0 | - | - | - | - |
| Current assets29/58 | €521k | €636k | €608k | €596k | €705k | ▲ 18.2% |
| Stocks and contracts in progress3 | €93k | €225k | €209k | €323k | €251k | ▼ 22.4% |
| Stocks30/36 | - | €156k | €167k | €218k | €170k | ▼ 22.0% |
| Contracts in progress37 | - | €69k | €42k | €105k | €81k | ▼ 23.2% |
| Amounts receivable within one year40/41 | €78k | €164k | €74k | €81k | €112k | ▲ 37.4% |
| Trade receivables40 | - | €150k | €45k | €71k | €103k | ▲ 44.9% |
| Other amounts receivable41 | - | €14k | €29k | €11k | €9k | ▼ 12.6% |
| Current investments50/53 | - | - | - | €50k | €100k | ▲ 100% |
| Cash at bank and in hand54/58 | €317k | €236k | €322k | €139k | €238k | ▲ 71.0% |
| Deferred charges and accrued income490/1 | - | €12k | €2k | €3k | €5k | ▲ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €762k | €857k | €949k | €900k | €980k | ▲ 8.9% |
| Equity10/15 | €224k | €240k | €261k | €266k | €331k | ▲ 24.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €201k | €217k | €238k | €238k | €304k | ▲ 27.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €215k | €236k | €238k | €304k | ▲ 27.9% |
| Profit (loss) carried forward14 | €4k | €4k | €4k | €10k | €8k | ▼ 16.8% |
| Provisions and deferred taxes16 | €74k | €74k | €74k | €74k | €74k | = |
| Provisions for liabilities and charges160/5 | - | €74k | €74k | €74k | €74k | = |
| Pensions and similar obligations160 | - | €74k | €74k | €74k | €74k | = |
| Amounts payable17/49 | €464k | €544k | €614k | €560k | €576k | ▲ 2.8% |
| Amounts payable after more than one year17 | €160k | €136k | €218k | €169k | €123k | ▼ 27.1% |
| Financial debts170/4 | - | €136k | €218k | €169k | €123k | ▼ 27.1% |
| Amounts payable within one year42/48 | €304k | €407k | €397k | €391k | €453k | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | €40k | €49k | €49k | €46k | ▼ 6.4% |
| Trade debts44 | €38k | €100k | €38k | €39k | €66k | ▲ 71.2% |
| Suppliers440/4 | - | €100k | €38k | €39k | €66k | ▲ 71.2% |
| Taxes, remuneration and social security45 | - | €34k | €18k | €14k | €40k | ▲ 187% |
| Taxes450/3 | - | €13k | €14k | €8k | €37k | ▲ 344% |
| Remuneration and social security454/9 | - | €21k | €4k | €6k | €3k | ▼ 42.5% |
| Other amounts payable47/48 | - | €233k | €292k | €290k | €301k | ▲ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €16k | €35k | €6k | €66k | ▲ 1,064% |
| + Depreciation and write-downs630 | €37k | €41k | €34k | €41k | €36k | ▼ 12.3% |
| Operating cash flow (approximation) | €70k | €57k | €69k | €46k | €102k | ▲ 120% |
| Investment in fixed assets (approximation) | - | €-20k | €-154k | €-3k | €-8k | ▼ 142% |
| Change in cash | - | €-81k | €86k | €-183k | €99k | ▲ 154% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €66k ▲1,064%
Operating result €125k, net result €66k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €205k ▲3.5%
2 profitable years in a row build equity to €205k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Maldegem · 1 establishment unit since 2009
Ground area
1.7 ha
Building footprint
1.1 ha
Volume, LiDAR
65,435 m³
Parcel 43001H0459/00C000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LEDTECHNIC
since 20092.179.642.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H0459/00C000 | Flanders | 1.7 ha | 1 · 1.1 ha | 13.0 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
2022 · 1 entry · 145 EUR awarded · 145 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 145 EUR | 145 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 256 companies in sector 27402 we hold annual accounts for 157. 111 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
Founded27-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.