LIGHT SWITCH
ActiveThe computed 12-month bankruptcy probability of LIGHT SWITCH is 1.7% (moderate). The 2025 annual accounts show equity of €59k and a net result of €33k. Equity is growing by ~47.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 27358 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.85 against 2.45 in 2024), and 21.7% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
78.3%
Return on assets
44.2%
Age of the figures
8 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 · 6 filingsDeviation from the deadline
2025
27 d early
2024
30 d early
2023
23 d early
2022
21 d early
2021
16 d late
2020
28 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 130%
2024 · €26k
2020: €8k
2021: €8k
2022: €9k
2023: €10k
2024: €26k
2020 → 2025
Total assets
€76k▲ 77.0%
2024 · €43k
2020: €52k
2021: €46k
2022: €44k
2023: €34k
2024: €43k
2020 → 2025
Net result
€33k▲ 115%
2024 · €16k
2020: €376
2021: €-460
2022: €1k
2023: €1k
2024: €16k
2020 → 2025
Working capital
€59k▲ 140%
2024 · €24k
2020: €-5k
2021: €-2k
2022: €2k
2023: €8k
2024: €24k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€9k▲ 13.6%€10k▲ 13.6%€26k▲ 153%€59k▲ 130%
Operating result€1k-€3k▲ 166%€4k▲ 24.6%€20k▲ 473%€46k▲ 127%
Net result€-460-€1k€1k▲ 13.4%€16k▲ 1,175%€33k▲ 115%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 127% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€2k▲ 30.9%
Current assets
€74k▲ 78.6%
Equity and liabilities €76k
Equity
€59k▲ 130%
Debt
€16k▼ 3.3%
The debt ratio falls from 39.7% to 21.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€47k▲
2024 · €23k
Cash flow
€35k▲
2024 · €18k
Solvency
78.3%▲
2024 · 60.3%
Current ratio
4.85▲
2024 · 2.45
Quick ratio
4.42▲
2024 · 2.09
Debt / equity
0.28▼
2024 · 0.66
ROE
56.5%▼
2024 · 60.4%
ROA
44.2%▲
2024 · 36.5%
Interest coverage
40.83▼
2024 · 171.36
Debt
€16k▼
2024 · €17k
Debt ≤ 1 year
€15k▼
2024 · €17k
Income taxes
€12k▲
2024 · €5k
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€43k€76k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€928€542▼
Furniture and vehicles24€520€1k▲
Current assets29/58€41k€74k▲
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€5k€18k▲
Trade receivables40€4k€3k▼
Other amounts receivable41€1k€15k▲
Cash at bank and in hand54/58€29k€49k▲
Deferred charges and accrued income490/1€1k€481▼
Equity and liabilities
Total equity and liabilities10/49€43k€76k▲
Equity10/15€26k€59k▲
Contributions10/11€8k€8k=
Reserves13€18k€51k▲
Distributable reserves133€18k€51k▲
Amounts payable17/49€17k€16k▼
Amounts payable within one year42/48€17k€15k▼
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€663€41▼
Taxes450/3€663€41▼
Other amounts payable47/48€15k€15k▲
Accrued charges and deferred income492/3€85€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€24k€48k▲
Operating profit (loss)9901€20k€46k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€135€1k▲
Recurring financial charges65€135€1k▲
Profit (loss) for the period before taxes9903€20k€45k▲
Income taxes67/77€5k€12k▲
Profit (loss) for the period9904€16k€33k▲
Profit (loss) for the period to be appropriated9905€16k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€33k▲
Transfer to equity691/2€16k€33k▲
To other reserves6921€16k€33k▲
The notes to these accounts (5 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 · micro schema
2025
31-12
Financial
Highest result since 2020net €33k ▲115%
Operating result €46k, net result €33k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet €-460 ▼222%
Net result drops to €-460, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2019
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.
Daverlostraat 3378310 BruggeGround area
403 m²
Building footprint
94 m²
Volume, LiDAR
529 m³
Parcel 31434C0203/00P002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIGHT SWITCH
since 20192.289.790.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0203/00P002 | Flanders | 403 m² | 1 · 94 m² | 9.8 m · 2 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 · 1 entry · 345 EUR awarded · 345 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 345 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ICI CONCEPT
BE 0502.789.008
Thimister-Clermont · Eq €59k
VITALUXE BENNY MOORS
BE 0652.907.394
Wingene · Eq €59k
ELEKTRO SANTENS
BE 0630.821.187
Ichtegem · Eq €59k
DE SMEDT RENOV
BE 0648.655.727
Dilbeek · Eq €59k
DE WINTER ELECTRO
BE 0738.585.615
Herentals · Eq €59k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 8,643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:lightswitch@outlook.be