LIGHTHEAD
ActiveLIGHTHEAD has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €9k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 3468 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+20
Solvency89▼-11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 10.24 in 2024; short-term debt: 36.3% and cash: 21.3% of total assets), and 36.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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
63.7%
Return on assets
17.8%
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 28-08-2026, 28 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
28 d late
2024
55 d late
2023
47 d late
2022
32 d late
2021
50 d late
2020
92 d late
2019
10 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 10.4%
2024 · €37k
2018: €41k
2019: €59k
2020: €50k
2021: €63k
2022: €54k
2023: €36k
2024: €37k
2018 → 2025
Total assets
€52k▲ 27.7%
2024 · €40k
2018: €51k
2019: €80k
2020: €58k
2021: €74k
2022: €58k
2023: €37k
2024: €40k
2018 → 2025
Net result
€9k▲ 1,368%
2024 · €625
2018: €4k
2019: €14k
2020: €-9k
2021: €13k
2022: €-9k
2023: €-17k
2024: €625
2018 → 2025
Working capital
€29k▼ 16.0%
2024 · €34k
2018: €24k
2019: €42k
2020: €41k
2021: €53k
2022: €47k
2023: €33k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€54k▼ 14.5%€36k▼ 32.6%€37k▲ 1.7%€33k▼ 10.4%
Operating result€18k-€-8k€-17k▼ 114%€872€10k▲ 1,065%
Net result€13k-€-9k€-17k▼ 92.8%€625€9k▲ 1,368%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,065% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52k
Fixed assets
€4k▲ 62.6%
Current assets
€47k▲ 25.3%
Equity and liabilities €52k
Equity
€33k▼ 10.4%
Debt
€19k▲ 407%
The debt ratio rises from 9.1% to 36.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▲
2024 · €2k
Cash flow
€12k▲
2024 · €2k
Solvency
63.7%▼
2024 · 90.9%
Current ratio
2.53▼
2024 · 10.24
Quick ratio
2.53▼
2024 · 10.24
Debt / equity
0.57▲
2024 · 0.10
ROE
27.9%▲
2024 · 1.7%
ROA
17.8%▲
2024 · 1.5%
Interest coverage
194.69▲
2024 · 33.85
Debt
€19k▲
2024 · €4k
Debt ≤ 1 year
€19k▲
2024 · €4k
Income taxes
€918▲
2024 · €175
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€40k€52k▲
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€3k€4k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€76-
Current assets29/58€38k€47k▲
Amounts receivable within one year40/41€24k€36k▲
Trade receivables40€7k€9k▲
Other amounts receivable41€17k€28k▲
Cash at bank and in hand54/58€14k€11k▼
Equity and liabilities
Total equity and liabilities10/49€40k€52k▲
Equity10/15€37k€33k▼
Contributions10/11€6k€6k=
Reserves13€15k€12k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€14k€10k▼
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€4k€19k▲
Amounts payable within one year42/48€4k€19k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48-€12k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€4k€14k▲
Operating profit (loss)9901€872€10k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€71€67▼
Recurring financial charges65€71€67▼
Profit (loss) for the period before taxes9903€800€10k▲
Income taxes67/77€175€918▲
Profit (loss) for the period9904€625€9k▲
Profit (loss) for the period to be appropriated9905€625€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€24k▲
Profit (loss) brought forward from the previous period14P€15k€15k=
Transfer from equity791/2-€13k
Transfer to equity691/2€625€9k▲
To other reserves6921€625€9k▲
Profit to be distributed694/7-€13k
Return on contributions (dividend)694-€13k
The notes to these accounts (6 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Back to profitnet €625
Net result €625 after 2 loss-making years.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 58.14
Current ratio from 12.35 to 58.14; short-term debt falls from €4k to €581.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 12.35
Current ratio from 5.60 to 12.35; short-term debt falls from €11k to €4k.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.93
Current ratio from 2.96 to 5.93; short-term debt falls from €21k to €8k.
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €14k ▲285%
Net result €14k, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Antwerpen · 1 establishment unit since 2012
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.
Antwerpsesteenweg 432660 AntwerpenGround area
397 m²
Building footprint
149 m²
Volume, LiDAR
1,293 m³
Parcel 11383B0273/00X006, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LIGHTHEAD
since 20122.245.111.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0273/00X006 | Flanders | 397 m² | 1 · 149 m² | 13.1 m · 3 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.
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UNVISUALS
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Of 14,143 companies in sector 74201 we hold annual accounts for 2,612. 1,848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-06-2012
Fiscal year end31-12
Activities, NACEBEL
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.