LIGHT UP
ActiveSummary
LIGHT UP has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,209 and a net result of €23,599. Equity is growing by ~79.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency49▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.02 in 2024; short-term debt: 66.6% and cash: 7.5% of total assets), and 76.1% of the assets are financed with debt.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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
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
23.9%
Return on assets
19.3%
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 30-08-2026, 30 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
30 d late
2024
21 d late
2023
61 d late
2022
268 d late
2021
633 d late
2020
139 d late
2019
91 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 178 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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
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Financials · fiscal year 2025, abbreviated schema
Equity
€29,209▲ 421%
2024 · €5,610
Total assets
€122,198▲ 100%
2024 · €61,079
Net result
€23,599▼ 21.4%
2024 · €30,013
Working capital
€20,457▲ 1,462%
2024 · €1,310
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, 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€10,519▲ 21.7%€7,995▼ 24.0%€6,974▼ 12.8%€40,169▲ 476%€33,622▼ 16.3%
Net result€8,066within the sector's middle half▼ 2.9%€4,384within the sector's middle half▼ 45.7%€3,024within the sector's middle half▼ 31.0%€30,013above the sector's middle half▲ 893%€23,599within the sector's middle half▼ 21.4%
Equity-€8,610below the sector's middle half▲ 48.4%-€4,226below the sector's middle half▲ 50.9%-€1,203below the sector's middle half▲ 71.5%€5,610within the sector's middle half€29,209below the sector's middle half▲ 421%
Total assets€49,579within the sector's middle half▲ 57.0%€47,692within the sector's middle half▼ 3.8%€25,308below the sector's middle half▼ 46.9%€61,079within the sector's middle half▲ 141%€122,198below the sector's middle half▲ 100%
Debt€58,189▲ 20.6%€51,918▼ 10.8%€26,511▼ 48.9%€55,468▲ 109%€92,990▲ 67.6%
Working capital-€14,451▲ 17.6%-€8,694▲ 39.8%-€3,858▲ 55.6%€1,310€20,457▲ 1,462%
Solvency-17.4%below the sector's middle half▲ 35.4pp-8.9%below the sector's middle half▲ 8.5pp-4.8%below the sector's middle half▲ 4.1pp9.2%below the sector's middle half▲ 13.9pp23.9%within the sector's middle half▲ 14.7pp
Staff (FTE)11below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 85, Education, 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 falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,198
Fixed assets
€20,407 ▲ 375%
Current assets
€101,792 ▲ 79.3%
Equity and liabilities €122,198
Equity
€29,209 ▲ 421%
Debt
€92,990 ▲ 67.6%
Debt's share of the balance-sheet total falls from 90.8% to 76.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,567▼
2024 · €41,962
Cash flow
€28,543▼
2024 · €31,805
Current ratio
1.25▲
2024 · 1.02
Debt to equity
3.18▼
2024 · 9.89
ROE
80.8%▼
2024 · 535.0%
ROA
19.3%▼
2024 · 49.1%
Interest coverage
17.55▼
2024 · 28.32
Debt ≤ 1 year
€81,335▲
2024 · €55,468
Debt > 1 year
€11,655
Income taxes
€9,050▼
2024 · €9,241
Staff costs
€29,813▲
2024 · €15,160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 3,811 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 | - | - | - | €15,160 | €29,813 | ▲ 96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,337 | €1,909 | €1,812 | €1,793 | €4,944 | ▲ 176% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,485 | -€4,485 | €0 | - | - | - |
| Other operating charges640/8 | €2,219 | €10,116 | €1,396 | €198 | €382 | ▲ 92.6% |
| Gross operating margin9900 | €18,561 | €15,535 | €10,182 | €57,320 | €68,761 | ▲ 20.0% |
| Operating profit (loss)9901 | €10,519 | €7,995 | €6,974 | €40,169 | €33,622 | ▼ 16.3% |
| Financial income75/76B | €24 | €0 | - | €566 | €1,224 | ▲ 116% |
| Recurring financial income75 | €24 | €0 | - | €566 | €1,224 | ▲ 116% |
| Financial charges65/66B | €466 | €502 | €940 | €1,482 | €2,197 | ▲ 48.3% |
| Recurring financial charges65 | €466 | €502 | €940 | €1,482 | €2,197 | ▲ 48.3% |
| Profit (loss) for the period before taxes9903 | €10,077 | €7,493 | €6,033 | €39,254 | €32,649 | ▼ 16.8% |
| Income taxes67/77 | €2,010 | €3,109 | €3,010 | €9,241 | €9,050 | ▼ 2.1% |
| Profit (loss) for the period9904 | €8,066 | €4,384 | €3,024 | €30,013 | €23,599 | ▼ 21.4% |
| Profit (loss) for the period to be appropriated9905 | €8,066 | €4,384 | €3,024 | €30,013 | €23,599 | ▼ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,579 | €47,692 | €25,308 | €61,079 | €122,198 | ▲ 100% |
| Fixed assets21/28 | €5,841 | €4,468 | €2,656 | €4,300 | €20,407 | ▲ 375% |
| Tangible fixed assets22/27 | €5,791 | €4,418 | €2,606 | €4,045 | €20,152 | ▲ 398% |
| Furniture and vehicles24 | €5,791 | €3,896 | €2,137 | €3,630 | €2,165 | ▼ 40.4% |
| Leasing and similar rights25 | - | - | - | - | €17,625 | - |
| Other tangible fixed assets26 | - | €523 | €469 | €415 | €362 | ▼ 12.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €255 | €255 | = |
| Current assets29/58 | €43,738 | €43,224 | €22,652 | €56,778 | €101,792 | ▲ 79.3% |
| Amounts receivable within one year40/41 | €34,927 | €36,951 | €19,532 | €33,448 | €91,294 | ▲ 173% |
| Trade receivables40 | €30,086 | €36,437 | €18,038 | €14,656 | €59,557 | ▲ 306% |
| Other amounts receivable41 | €4,841 | €513 | €1,494 | €18,793 | €31,737 | ▲ 68.9% |
| Cash at bank and in hand54/58 | €8,541 | €4,480 | €2,451 | €21,998 | €9,133 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | €270 | €1,793 | €669 | €1,332 | €1,364 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,579 | €47,692 | €25,308 | €61,079 | €122,198 | ▲ 100% |
| Equity10/15 | -€8,610 | -€4,226 | -€1,203 | €5,610 | €29,209 | ▲ 421% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€76,810 | -€72,426 | -€69,403 | -€62,590 | -€38,991 | ▲ 37.7% |
| Amounts payable17/49 | €58,189 | €51,918 | €26,511 | €55,468 | €92,990 | ▲ 67.6% |
| Amounts payable after more than one year17 | - | - | - | - | €11,655 | - |
| Financial debts170/4 | - | - | - | - | €11,655 | - |
| Amounts payable within one year42/48 | €58,189 | €51,918 | €26,511 | €55,468 | €81,335 | ▲ 46.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,121 | - |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €31,351 | €40,019 | €18,923 | €12,580 | €63,627 | ▲ 406% |
| Suppliers440/4 | €31,351 | €40,019 | €18,923 | €12,580 | €63,627 | ▲ 406% |
| Taxes, remuneration and social security45 | €11,395 | €5,120 | €7,588 | €19,689 | €14,586 | ▼ 25.9% |
| Taxes450/3 | €2,395 | €5,120 | €7,588 | €16,864 | €7,567 | ▼ 55.1% |
| Remuneration and social security454/9 | €9,000 | €0 | - | €2,824 | €7,020 | ▲ 149% |
| Other amounts payable47/48 | €15,443 | €6,780 | €0 | €23,200 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,066 | €4,384 | €3,024 | €30,013 | €23,599 | ▼ 21.4% |
| + Depreciation and write-downs630 | €1,337 | €1,909 | €1,812 | €1,793 | €4,944 | ▲ 176% |
| Operating cash flow (approximation) | €9,404 | €6,293 | €4,836 | €31,805 | €28,543 | ▼ 10.3% |
| Investment in fixed assets (approximation) | - | -€536 | €0 | -€3,437 | -€21,050 | ▼ 512% |
| Change in cash | - | -€4,061 | -€2,030 | €19,547 | -€12,865 | ▼ 166% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Highest result since 2019net €30,013 ▲893%
Operating result €40,169, net result €30,013, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 268 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 633 days late
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Faimes · 1 establishment unit since 2024
Ground area
1,282 m²
Building footprint
184 m²
Volume, LiDAR
978 m³
Parcel 64016B0514/00K002, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIGHT UP
since 20242.353.770.722
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64016B0514/00K002 | Wallonia | 1,282 m² | 1 · 184 m² | 7.2 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.
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Of 3,020 companies in sector 85592 we hold annual accounts for 989. 635 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
85699Other educational support services
Contact
E-mail
adrien@seen-apps.com
Phone
+32495157254
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449305879
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.