LICHTVIS
ActiveLICHTVIS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €849. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 255 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-45
Solvency27▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.13 in 2024; short-term debt: 71.8% and cash: 9.2% of total assets), and 97.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 58
Relative position
BE, all sectors
reference
Sector 58
lower
← 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
2.5%
Return on assets
0%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 255 sector peers (2025).
NBB · sector comparisonPosition among 255 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-12-2025, 33 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 · 9 filingsDeviation from the deadline
2025
33 d late
2024
41 d late
2022
16 d late
2021
26 d late
2020
21 d early
2019
23 d early
2018
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€121k▲ 0.7%
2024 · €120k
2018: €13k
2019: €55k
2020: €100k
2021: €120k
2022: €120k
2024: €120k
2018 → 2025
Total assets
€4.92M▲ 27.6%
2024 · €3.85M
2018: €174k
2019: €188k
2020: €286k
2021: €280k
2022: €414k
2024: €3.85M
2018 → 2025
Net result
€849▲ 520%
2024 · €137
2018: €2k
2019: €42k
2020: €45k
2021: €20k
2022: €114
2024: €137
2018 → 2025
Working capital
€1.20M▲ 180%
2024 · €427k
2018: €4k
2019: €46k
2020: €86k
2021: €97k
2022: €95k
2024: €427k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€100k-€120k▲ 20.1%€120k▲ 0.1%€120k▲ 0.1%€121k▲ 0.7%
Operating result€46k-€21k▼ 54.9%€3k▼ 85.2%€3k▲ 2.6%€-20k
Net result€45k-€20k▼ 55.3%€114▼ 99.4%€137▲ 20.7%€849▲ 520%
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 €20k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.92M
Fixed assets
€189k▲ 210%
Current assets
€4.73M▲ 24.7%
Equity and liabilities €4.92M
Equity
€121k▲ 0.7%
Debt
€4.79M▲ 28.5%
The debt ratio rises from 96.9% to 97.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▼
2024 · €13k
Cash flow
€28k▲
2024 · €9k
Solvency
2.5%▼
2024 · 3.1%
Current ratio
1.34▲
2024 · 1.13
Quick ratio
0.61▲
2024 · 0.34
Debt / equity
39.71▲
2024 · 31.14
ROE
0.7%▲
2024 · 0.1%
ROA
0.0%▲
2024 · 0.0%
Interest coverage
0.58▼
2024 · 9.01
Debt
€4.79M▲
2024 · €3.73M
Debt ≤ 1 year
€3.53M▲
2024 · €3.36M
Income taxes
€1k▼
2024 · €3k
Staff costs
€1.12M▲
2024 · €749k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.85M€4.92M▲
Fixed assets21/28€61k€189k▲
Intangible fixed assets21-€95k
Tangible fixed assets22/27€48k€85k▲
Plant, machinery and equipment23€8k€15k▲
Furniture and vehicles24€25k€29k▲
Other tangible fixed assets26€16k€41k▲
Financial fixed assets28€13k€9k▼
Current assets29/58€3.79M€4.73M▲
Stocks and contracts in progress3€2.64M€2.57M▼
Stocks30/36€2.64M€2.57M▼
Amounts receivable within one year40/41€411k€1.66M▲
Trade receivables40€223k€1.27M▲
Other amounts receivable41€188k€383k▲
Cash at bank and in hand54/58€563k€452k▼
Deferred charges and accrued income490/1€173k€43k▼
Equity and liabilities
Total equity and liabilities10/49€3.85M€4.92M▲
Equity10/15€120k€121k▲
Contributions10/11€7k€7k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€111k€112k▲
Amounts payable17/49€3.73M€4.79M▲
Amounts payable within one year42/48€3.36M€3.53M▲
Trade debts44€3.24M€3.41M▲
Suppliers440/4€3.24M€3.41M▲
Taxes, remuneration and social security45€99k€117k▲
Taxes450/3€30k€4k▼
Remuneration and social security454/9€69k€113k▲
Other amounts payable47/48€27k€28▼
Accrued charges and deferred income492/3€368k€1.27M▲
Income statement
Code20242025
Remuneration, social security and pensions62€749k€1.12M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€27k▲
Other operating charges640/8€818€427▼
Gross operating margin9900€762k€1.12M▲
Operating profit (loss)9901€3k€-20k▼
Financial income75/76B€1k€34k▲
Recurring financial income75€1k€34k▲
Financial charges65/66B€1k€12k▲
Recurring financial charges65€1k€12k▲
Profit (loss) for the period before taxes9903€3k€2k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€137€849▲
Profit (loss) for the period to be appropriated9905€137€849▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€112k▲
Profit (loss) brought forward from the previous period14P€111k€111k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 33 days late
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €114 ▼99.4%
Net result drops to €114, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €100kEq €120k ▲20.1%
4 profitable years in a row build equity to €120k.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €45k ▲7.7%
Operating result €46k, net result €45k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kolenkaai 688000 BruggeGround area
431 m²
Building footprint
227 m²
Volume, LiDAR
2,303 m³
Parcel 31808K0747/00C002, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LICHTVIS
since 20152.244.746.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0747/00C002 | Flanders | 431 m² | 1 · 227 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2025 · 6 entries · 75,986 EUR awarded · 36,186 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 25,639 EUR | 23,339 EUR |
| 2024 | 2 | 347 EUR | 12,847 EUR |
| 2023 | 1 | 50,000 EUR | 0 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 717 companies in sector 58190 we hold annual accounts for 214. 150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-08-2015
Fiscal year end31-03
Activities, NACEBEL
46491Wholesale trade
58190Other publishing activities, excluding software publishing
73120Media representation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@lichtvis.be
Phone:09 298 09 75