LIGHTHOUSE GROUP
ActiveSummary
LIGHTHOUSE GROUP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €40k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency47▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.44 in 2024; short-term debt: 21.3% and cash: 8.4% of total assets), and 77.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
22.4%
Return on assets
8.4%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
30 d late
2022
3 d early
2021
4 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k▲ 9.9%
2024 · €96k
Total assets
€470k▲ 1.4%
2024 · €463k
Net result
€40k▼ 7.4%
2024 · €43k
Working capital
€-48k▲ 31.2%
2024 · €-71k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13k€37k▲ 183%€52k▲ 38.2%€67k▲ 29.2%€64k▼ 3.6%
Net result€9k€34k▲ 298%€39k▲ 15.2%€43k▲ 9.1%€40k▼ 7.4%
Equity€27k▲ 33.9%€56k▲ 103%€78k▲ 40.6%€96k▲ 22.6%€105k▲ 9.9%
Total assets€47k▲ 46.9%€83k▲ 78.1%€369k▲ 343%€463k▲ 25.7%€470k▲ 1.4%
Debt€19k▲ 70.3%€28k▲ 43.2%€291k▲ 947%€368k▲ 26.5%€364k▼ 0.9%
Working capital€22k▲ 43.1%€47k▲ 117%€-4k€-71k▼ 1,834%€-48k▲ 31.2%
Staff (FTE)0.1▼ 50.0%0.30.7▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470k
Fixed assets
€418k ▲ 2.4%
Current assets
€52k ▼ 6.3%
Equity and liabilities €470k
Equity
€105k ▲ 9.9%
Debt
€364k ▼ 0.9%
Debt's share of the balance-sheet total falls from 79.3% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96k▲
2024 · €89k
Cash flow
€71k▲
2024 · €64k
Current ratio
0.52▲
2024 · 0.44
Quick ratio
0.50▲
2024 · 0.43
Debt to equity
3.46▼
2024 · 3.84
ROE
37.5%▼
2024 · 44.6%
ROA
8.4%▼
2024 · 9.2%
Interest coverage
7.34▲
2024 · 6.72
Debt ≤ 1 year
€100k▼
2024 · €126k
Debt > 1 year
€258k▲
2024 · €240k
Income taxes
€12k▲
2024 · €11k
Staff costs
€2k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2k | - | €6k | €12k | €2k | ▼ 82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €9k | €22k | €31k | ▲ 43.4% |
| Other operating charges640/8 | €863 | €2k | €9k | €6k | €4k | ▼ 19.4% |
| Gross operating margin9900 | €19k | €42k | €76k | €106k | €102k | ▼ 3.5% |
| Operating profit (loss)9901 | €13k | €37k | €52k | €67k | €64k | ▼ 3.6% |
| Financial income75/76B | €16 | €9k | €44 | €0 | €21 | ▲ 26,675% |
| Recurring financial income75 | €16 | €42 | €44 | €0 | €21 | ▲ 26,675% |
| Non-recurring financial income76B | - | €8k | - | - | - | - |
| Financial charges65/66B | €1k | €953 | €7k | €13k | €13k | ▼ 1.1% |
| Recurring financial charges65 | €1k | €953 | €7k | €13k | €13k | ▼ 1.1% |
| Non-recurring financial charges66B | €32 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €12k | €45k | €45k | €54k | €51k | ▼ 4.2% |
| Income taxes67/77 | €3k | €11k | €6k | €11k | €12k | ▲ 8.4% |
| Profit (loss) for the period9904 | €9k | €34k | €39k | €43k | €40k | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €9k | €34k | €39k | €43k | €40k | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €83k | €369k | €463k | €470k | ▲ 1.4% |
| Fixed assets21/28 | €6k | €8k | €323k | €408k | €418k | ▲ 2.4% |
| Tangible fixed assets22/27 | €6k | €8k | €322k | €408k | €418k | ▲ 2.4% |
| Land and buildings22 | - | - | €295k | €368k | €373k | ▲ 1.3% |
| Plant, machinery and equipment23 | €6k | €5k | €19k | €28k | €24k | ▼ 14.0% |
| Furniture and vehicles24 | - | €3k | €8k | €13k | €21k | ▲ 69.1% |
| Financial fixed assets28 | - | - | €1k | - | - | - |
| Current assets29/58 | €41k | €75k | €46k | €55k | €52k | ▼ 6.3% |
| Stocks and contracts in progress3 | €635 | €366 | €607 | €1k | €2k | ▲ 33.4% |
| Stocks30/36 | €635 | €366 | €607 | €1k | €2k | ▲ 33.4% |
| Amounts receivable within one year40/41 | €13k | €20k | €29k | €20k | €3k | ▼ 83.7% |
| Trade receivables40 | €13k | €16k | €20k | €17k | €3k | ▼ 81.9% |
| Other amounts receivable41 | - | €4k | €9k | €3k | €208 | ▼ 93.3% |
| Cash at bank and in hand54/58 | €24k | €49k | €11k | €28k | €40k | ▲ 40.3% |
| Deferred charges and accrued income490/1 | €3k | €5k | €6k | €6k | €7k | ▲ 20.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €83k | €369k | €463k | €470k | ▲ 1.4% |
| Equity10/15 | €27k | €56k | €78k | €96k | €105k | ▲ 9.9% |
| Contributions10/11 | €12k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €15k | €37k | €59k | €77k | €87k | ▲ 12.3% |
| Distributable reserves133 | €15k | €37k | €59k | €77k | €87k | ▲ 12.3% |
| Amounts payable17/49 | €19k | €28k | €291k | €368k | €364k | ▼ 0.9% |
| Amounts payable after more than one year17 | - | - | €241k | €240k | €258k | ▲ 7.4% |
| Financial debts170/4 | - | - | €241k | €240k | €258k | ▲ 7.4% |
| Amounts payable within one year42/48 | €19k | €28k | €49k | €126k | €100k | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | - | - | €26k | €27k | €28k | ▲ 4.1% |
| Trade debts44 | €4k | €4k | €6k | €11k | €12k | ▲ 2.3% |
| Suppliers440/4 | €4k | €4k | €6k | €11k | €12k | ▲ 2.3% |
| Advances received on contracts in progress46 | - | - | - | €116 | €24 | ▼ 79.5% |
| Taxes, remuneration and social security45 | €14k | €12k | €16k | €19k | €19k | ▲ 1.9% |
| Taxes450/3 | €14k | €12k | €15k | €19k | €17k | ▼ 11.2% |
| Remuneration and social security454/9 | - | - | €1k | - | €3k | - |
| Other amounts payable47/48 | €2k | €12k | €2k | €68k | €40k | ▼ 40.2% |
| Accrued charges and deferred income492/3 | - | €104 | €64 | €2k | €6k | ▲ 272% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €34k | €39k | €43k | €40k | ▼ 7.4% |
| + Depreciation and write-downs630 | €3k | €3k | €9k | €22k | €31k | ▲ 43.4% |
| Operating cash flow (approximation) | €12k | €37k | €48k | €64k | €71k | ▲ 9.8% |
| Investment in fixed assets (approximation) | - | €-6k | €-324k | €-107k | €-41k | ▲ 61.8% |
| Change in cash | - | €25k | €-38k | €17k | €11k | ▼ 34.7% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €105k ▲9.9%
5 profitable years in a row build equity to €105k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2019net €43k ▲9.1%
Operating result €67k, net result €43k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Lede · 1 establishment unit since 2019
Ground area
1,719 m²
Building footprint
161 m²
Volume, LiDAR
1,133 m³
Parcel 41034C0435/00E000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LIGHTHOUSE GROUP
since 20192.299.929.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034C0435/00E000 | Flanders | 1,719 m² | 1 · 161 m² | 9.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,184 EUR awarded · 3,392 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,210 EUR | 2,210 EUR |
| 2023 | 1 | 705 EUR | 913 EUR |
| 2022 | 1 | 269 EUR | 269 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLede2.299.929.881
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,196 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
01480Raising of other animals
68321Property management for co-owned buildings (syndics)
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.