Lighthouse Corner Development
ActiveLighthouse Corner Development has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €885k and a net result of €-350k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability24▲+13
Solvency36▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.63 in 2023; short-term debt: 9.6% and cash: 0.1% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-4.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-350k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
69 d early
2022
56 d late
2021
16 d late
2020
8 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€885k▼ 28.4%
2023 · €1.24M
2018: €321k
2019: €221k
2020: €-36k
2021: €-48k
2022: €1.76M
2023: €1.24M
2018 → 2024
Total assets
€8.26M▼ 6.7%
2023 · €8.86M
2018: €323k
2019: €627k
2020: €3.92M
2021: €10.01M
2022: €9.06M
2023: €8.86M
2018 → 2024
Net result
€-350k▲ 33.1%
2023 · €-524k
2018: €-66k
2019: €-100k
2020: €-257k
2021: €-462k
2022: €1.16M
2023: €-524k
2018 → 2024
Working capital
€-527k▼ 73.6%
2023 · €-303k
2018: €320k
2019: €187k
2020: €-69k
2021: €-79k
2022: €-3.17M
2023: €-303k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-36k-€-48k▼ 34.0%€1.76M€1.24M▼ 29.8%€885k▼ 28.4%
Operating result€-236k-€-349k▼ 48.0%€1.34M€-396k€-76k▲ 80.9%
Net result€-257k-€-462k▼ 80.0%€1.16M€-524k€-350k▲ 33.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €76k in 2024 against €396k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.26M
Fixed assets
€8.00M▼ 4.1%
Current assets
€265k▼ 48.6%
Equity and liabilities €8.26M
Equity
€885k▼ 28.4%
Debt
€7.38M▼ 3.2%
The debt ratio rises from 86.1% to 89.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€373k▲
2023 · €2k
Cash flow
€98k▲
2023 · €-126k
Solvency
10.7%▼
2023 · 13.9%
Current ratio
0.33▼
2023 · 0.63
Quick ratio
0.32▼
2023 · 0.61
Debt / equity
8.34▲
2023 · 6.17
ROE
-39.6%▲
2023 · -42.4%
ROA
-4.2%▲
2023 · -5.9%
Interest coverage
1.32▲
2023 · 0.01
Debt
€7.38M▼
2023 · €7.62M
Debt ≤ 1 year
€791k▼
2023 · €818k
Debt > 1 year
€6.56M▼
2023 · €6.80M
Income taxes
€0▲
2023 · €-90k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8.86M€8.26M▼
Fixed assets21/28€8.34M€8.00M▼
Tangible fixed assets22/27€8.31M€8.00M▼
Land and buildings22€4.32M€4.16M▼
Plant, machinery and equipment23€2.41M€2.28M▼
Furniture and vehicles24€886k€782k▼
Other tangible fixed assets26-€776k
Assets under construction and advance payments27€693k€0▼
Financial fixed assets28€32k€0▼
Current assets29/58€515k€265k▼
Amounts receivable after more than one year29€209k€139k▼
Other amounts receivable291€209k€139k▼
Stocks and contracts in progress3€15k€15k=
Stocks30/36€15k€15k=
Amounts receivable within one year40/41€265k€105k▼
Trade receivables40€39k€36k▼
Other amounts receivable41€226k€69k▼
Cash at bank and in hand54/58€17k€6k▼
Deferred charges and accrued income490/1€9k€0▼
Equity and liabilities
Total equity and liabilities10/49€8.86M€8.26M▼
Equity10/15€1.24M€885k▼
Contributions10/11€1.50M€1.50M=
Profit (loss) carried forward14€-265k€-615k▼
Amounts payable17/49€7.62M€7.38M▼
Amounts payable after more than one year17€6.80M€6.56M▼
Financial debts170/4€6.80M€6.56M▼
Amounts payable within one year42/48€818k€791k▼
Current portion of amounts payable after more than one year42€349k€259k▼
Trade debts44€146k€46k▼
Suppliers440/4€146k€46k▼
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48€324k€474k▲
Accrued charges and deferred income492/3-€25k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€398k€448k▲
Other operating charges640/8€8k€3k▼
Gross operating margin9900€10k€376k▲
Operating profit (loss)9901€-396k€-76k▲
Financial income75/76B€11k€9k▼
Recurring financial income75€11k€9k▼
Financial charges65/66B€229k€283k▲
Recurring financial charges65€229k€283k▲
Profit (loss) for the period before taxes9903€-614k€-350k▲
Income taxes67/77€-90k€0▲
Profit (loss) for the period9904€-524k€-350k▲
Profit (loss) for the period to be appropriated9905€-524k€-350k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-265k€-615k▼
Profit (loss) brought forward from the previous period14P€259k€-265k▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-524k ▼145%
Net result drops to €-524k, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
31-12
Financial
Back to profitnet €1.16M
Net result €1.16M after 4 loss-making years.
31-12
Financial
Equity above €1MEq €1.76M
Equity rises from €-48k to €1.76M.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Nieuwpoort · 1 establishment unit since 2017
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.
Albert I laan 808620 NieuwpoortGround area
450 m²
Building footprint
448 m²
Volume, LiDAR
4,675 m³
Parcel 38402D0243/00C000, Flanders · tallest building 24.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LIGHTHOUSE CORNER DEVELOPMENT
since 20172.261.673.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0243/00C000 | Flanders | 450 m² | 1 · 448 m² | 24.7 m · 1 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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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,079 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2017
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.