LIGHT CREATION INTERNATIONAL
ActiveLIGHT CREATION INTERNATIONAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €-4k. Equity is growing by ~63.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-37
Solvency94▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.77 in 2024; short-term debt: 21.9% and cash: 16% of total assets), and 30.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← 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
69.2%
Return on assets
-4.7%
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 04-07-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
28 d late
2023
124 d late
2022
30 d late
2021
68 d early
2020
33 d early
2019
31 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€53k▼ 6.4%
2024 · €56k
2018: €134
2019: €-19k
2020: €-20k
2021: €891
2022: €12k
2023: €34k
2024: €56k
2018 → 2025
Total assets
€76k▼ 2.1%
2024 · €78k
2018: €76k
2019: €17k
2020: €15k
2021: €39k
2022: €61k
2023: €69k
2024: €78k
2018 → 2025
Net result
€-4k
2024 · €23k
2018: €2k
2019: €-19k
2020: €-2k
2021: €21k
2022: €11k
2023: €22k
2024: €23k
2018 → 2025
Working capital
€34k▲ 28.3%
2024 · €26k
2018: €-8k
2019: €-21k
2020: €-22k
2021: €-12k
2022: €-2k
2023: €9k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€891-€12k▲ 1,202%€34k▲ 189%€56k▲ 68.0%€53k▼ 6.4%
Operating result€22k-€12k▼ 46.1%€23k▲ 92.0%€30k▲ 28.3%€-3k
Net result€21k-€11k▼ 49.9%€22k▲ 105%€23k▲ 3.8%€-4k
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 €3k after €30k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€26k▼ 29.7%
Current assets
€50k▲ 22.9%
Equity and liabilities €76k
Equity
€53k▼ 6.4%
Debt
€24k▲ 9.0%
The debt ratio rises from 27.7% to 30.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €40k
Cash flow
€7k▼
2024 · €33k
Solvency
69.2%▼
2024 · 72.3%
Current ratio
3.01▲
2024 · 2.77
Quick ratio
3.01▲
2024 · 2.77
Debt / equity
0.45▲
2024 · 0.38
ROE
-6.8%▼
2024 · 40.5%
ROA
-4.7%▼
2024 · 29.3%
Interest coverage
10.72▼
2024 · 43.46
Debt
€24k▲
2024 · €22k
Debt ≤ 1 year
€17k▲
2024 · €15k
Debt > 1 year
€7k=
2024 · €7k
Income taxes
€733▼
2024 · €7k
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€78k€76k▼
Fixed assets21/28€37k€26k▼
Tangible fixed assets22/27€37k€26k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€34k€24k▼
Current assets29/58€41k€50k▲
Amounts receivable after more than one year29€18k€26k▲
Other amounts receivable291€18k€26k▲
Amounts receivable within one year40/41€12k€11k▼
Trade receivables40€11k€10k▼
Other amounts receivable41€1k€865▼
Cash at bank and in hand54/58€9k€12k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€78k€76k▼
Equity10/15€56k€53k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-5k€-9k▼
Amounts payable17/49€22k€24k▲
Amounts payable after more than one year17€7k€7k=
Financial debts170/4€7k€7k=
Amounts payable within one year42/48€15k€17k▲
Current portion of amounts payable after more than one year42€10k-
Trade debts44€51€4k▲
Suppliers440/4€51€4k▲
Taxes, remuneration and social security45€3k€12k▲
Taxes450/3€3k€10k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€1k€431▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€41k€10k▼
Operating profit (loss)9901€30k€-3k▼
Financial income75/76B€579€1k▲
Recurring financial income75€579€1k▲
Financial charges65/66B€924€727▼
Recurring financial charges65€924€727▼
Profit (loss) for the period before taxes9903€29k€-3k▼
Income taxes67/77€7k€733▼
Profit (loss) for the period9904€23k€-4k▼
Profit (loss) for the period to be appropriated9905€23k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-9k▼
Profit (loss) brought forward from the previous period14P€-28k€-5k▲
The notes to these accounts (4 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
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €23k ▲3.8%
Operating result €30k, net result €23k, both a record.
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-19k ▼1273%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-09-2019
BRAET, Petra: Resigned as Director
03-09-2019
VAN DEN BOSSCHE, Ronny Geert: Resigned as Director
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2005
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.
Karrewegel 149990 MaldegemGround area
312 m²
Building footprint
104 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
Light Creation International
since 20052.145.730.169
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503H1177/00H003 | Flanders | 257 m² | 1 · 104 m² | - |
| 43503H1305/00W005 | Flanders | 55 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 2,002 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-2004
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
51150
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.