Equity
-€10.9m
Debts exceed assets in financial year 2025.
LIGHTHOUSE INTELLIGENCE
Overview
Lifetime
8 annual accounts with figures on one time axisGross marginpeak €11.4m (2022)
-not published
Resultlowest -€13.4m (2024)
-€2.5m▲ €10.9m
Equitypeak €2.6m (2023)
-€10.9m▼ €2.5m
Debts
€45.9m▲ 2.5%
Staffpeak 248.4 FTE (2025)
248.4 FTE▲ 38.8%
Board6 names since 2017
4 directorsLIGHTHOUSE INTELLIGENCE and 3 others
Owners2 names in the annual accounts
consolidatesLighthouse Intelligence Holdings Ltd
Documentsfilings and deeds
12-10-202673 days late
2025financial year
Turnover from €76.8m to €95.8mLoss of €2.5mStaff from 178.9 FTE to 248.4 FTEMerger: LIGHTHOUSE INTELLIGENCE takes over STARDEKK HOLDING 07-05Merger proposal: Lighthouse Intelligence BV takes over Starde… 04-02Equity from -€8.4m to -€10.9m
Key points
from the 2025 annual accountsResult
-€2.5m ▲ 81.2%
The result rose in 2025: merger with Stardekk Holding BV.
Debts
€45.9m 127% of the balance sheet
Suppliers 2%Taxes and wages 7%Other 90%
Of this, €45.5m falls due within a year.
Investments
€38.4m 2.7 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts 73 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€2.5m
Lower net result than 95% of companies in computer programming and consultancy. Sector median €35,694 · 1,688 companies.
Checked score
54
Fair
Financially stronger than 27% of medium-sized companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.2 percentage points vs 08-2025
10-2025: 1.1%▲ +0.5 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.3%▲ +0.2 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 3.0%▲ +1.7 percentage points vs 03-2026
05-2026: 3.0%● unchanged vs 04-2026
06-2026: 3.1%▲ +0.1 percentage points vs 05-2026
07-2026: 3.0%▼ -0.1 percentage points vs 06-2026
08-2026: 3.2%▲ +0.2 percentage points vs 07-2026
09-2026: 3.6%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 0.8%▼ -2.8 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€10.9m
Last filed accounts filed 73 days late; 2 of the last 3 accounts late
lowers risk
Size: turnover €95.8m, 248.4 FTE, total assets €36.1m
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized). It does better than 1% of them on solvency, 9% on liquidity, 50% on profitability and 48% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 111 companies had the same profile as LIGHTHOUSE INTELLIGENCE has now. Each dot is one company, two years later.
96.4%
were still trading
2.7%
stopped another way
0.0%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LIGHTHOUSE INTELLIGENCE itself is higher: 0.8% within 12 months. It rests on far more data about LIGHTHOUSE INTELLIGENCE than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 111 companies, not a prediction for LIGHTHOUSE INTELLIGENCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.09 (0.21 in 2024), below 1. Short-term debt is 126.3% and cash 8.1% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€10.9m
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
73 days late
2024
438 days late
2023
6 days early
2022
2 days late
2021
29 days late
2020
31 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 85 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PC
PDM Consulting BV
Director, Peter De Moor, since 01-07-2021
LI
LIGHTHOUSE INTELLIGENCE
Director, since 17-05-2017
- OTA Insight LTD 100%annual accounts 2022
- Lighthouse Intelligence Holdings Ltd consolidatesannual accounts 2025
Shares in 1 company, STARDEKK HOLDING
Board & ownershipRecent changes
1 director appointed, 1 resignation
Resignation: EileBelleBingo BV · Permanent representative: Matthias Geeroms · Appointment: Georg Friedrich Wilhelm Beyschlag · General meeting of 25-06-2026 · Gazette deed
Merger: LIGHTHOUSE INTELLIGENCE takes over STARDEKK HOLDING
General meeting of 16-04-2025 · Gazette deed
Merger proposal: Lighthouse Intelligence BV takes over Stardekk Holding BV
The company holds all the shares of Stardekk Holding BV · The company holds 100% of the shares of Lighthouse Intelligence BV · Gazette deed
Reappointment: Grant Thornton Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Elie Janssens · General meeting of 29-08-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| LIGHTHOUSE INTELLIGENCE Ghent | €95.8m | -2.5% | -30.2% | 248.4 |
| Collaboration Betters The World Sint-Gillis (bij-Brussel) | €62.8m | 1.3% | 19.9% | 319.1 |
| BLUECRUX Aalst | €34.9m | 23.9% | 47.0% | 80.9 |
| NVISO Belgium Brussels | €31.5m | 0.7% | 4.0% | 101.5 |
| KONICA MINOLTA BUSINESS SOLUTIONS (BELGIUM) N.V./S.A. Machelen (Brab.) | €46.1m | 0.0% | 57.2% | 168.2 |
| CIVADIS Namur | €38.2m | 7.4% | 58.7% | 227 |
| ARHS Developments Belgium Zaventem | €33.1m | 1.7% | 23.7% | 244 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LIGHTHOUSE INTELLIGENCE: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €18m and €59m, founded between 2003 and 2019.
Official details
Source: KBO- Status
- Active since 30-05-2017Normal situation
- Registered office
- 23 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Other information technology and computer servicesNACE 62900and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.266.911.1809050 Ghent, since 30-05-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2024
Annual accounts 2025
- Turnover
- €95.8m▲ 24.7%
- Loss
- €2.5m▼ 81.2%
- Equity
- -€10.9m▼ 30.2%
- Total assets
- €36.1m▼ 1.7%
- Employeeson 31-12-2025
- 252▲ 26.6%
- Filing
- Filed on 12-10-2026
Insights on LIGHTHOUSE INTELLIGENCE
Solvency fell in 2025 from -22.8% to -30.2% because of the loss and higher debts to suppliers.
OTA Insight LTD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 12-10-2026, 73 days lateTurnover
€95.8m
▲ 24.7%
Operating result
-€2.4m
▲ €10.9m
EBITDA
€12.0m
▲ €20.6m
Cash flow
€11.9m
▲ €20.6m
Solvency
-30.2%
▼ 7.4 percentage points
Current ratio
0.09
▼ 0.11
Money flows
of every €100 of turnover, €2.63 was lost in 2025Balance sheet
balance sheet total €36.1m on 31-12-2025What the company ownsHow it is paid for
Change in equityin €m
Change in cashin €m
Position in the sector
Solvency-30.2%
Higher than 12% of 1,686 companies in 2025.
Current ratio0.09
Lower than 95% of 1,653 companies in 2025.
Return on assets-7.0%
Higher than 22% of 1,668 companies in 2025.
LIGHTHOUSE INTELLIGENCE
Middle half of the sector
80% of the sector
Full accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter
Staff
Men and women38% women
154.2 men and 94.2 women in full-time equivalents in 2025.
Staff cost per FTE€92,562
Men €95,303, women €88,075 per full-time equivalent. Jobs differ, so this is not a pay gap.
Joined and left+53
Agency workers: 0.5 on average.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
Total assets20/58 |
36.1m | 36.7m | 9.2m | 5.9m | 3.8m | 2.6m | 2.2m | 1.4m | |
Fixed assets21/28 |
31.8m | 27.3m | 8.0m | 5.2m | 3.0m | 2.4m | 1.5m | 1.1m | |
Intangible fixed assets21 |
30.4m | 9.7m | 6.8m | 4.1m | 2.9m | 2.2m | 1.3m | 828,259 | |
Tangible fixed assets22/27 |
1.1m | 1.2m | 1.2m | 1.1m | 172,933 | 181,004 | 258,201 | 302,989 | |
Furniture and vehicles24 |
749,781 | 847,274 | 780,264 | 587,076 | 147,528 | 97,786 | 117,171 | 104,147 | |
Other tangible fixed assets26 |
316,475 | 338,961 | 458,205 | 505,666 | 25,406 | 83,218 | 141,030 | 198,842 | |
Financial fixed assets28 |
322,343 | 16.5m | 21,440 | 5,960 | - | - | - | - | |
Affiliated companies280/1 |
0 | 16.5m | 21,440 | - | - | - | - | - | |
Participating interests280 |
0 | 16.2m | - | - | - | - | - | - | |
Amounts receivable281 |
0 | 283,206 | 21,440 | - | - | - | - | - | |
Other financial fixed assets284/8 |
322,343 | - | - | - | - | - | - | - | |
Amounts receivable and cash guarantees285/8 |
322,343 | - | - | - | - | - | - | - | |
Current assets29/58 |
4.3m | 9.3m | 1.2m | 761,657 | 759,940 | 202,874 | 659,139 | 263,126 | |
Amounts receivable after more than one year29 |
143,934 | - | - | - | - | - | - | 9,929 | |
Other amounts receivable291 |
143,934 | - | - | - | - | - | - | 9,929 | |
Amounts receivable within one year40/41 |
543,032 | 8.4m | 297,024 | 223,435 | 113,741 | 56,968 | 506,812 | 75,675 | |
Trade receivables40 |
- | 64,675 | 49,149 | - | - | - | 481,960 | 75,208 | |
Other amounts receivable41 |
543,032 | 8.3m | 247,875 | 223,435 | 113,741 | 56,968 | 24,852 | 467 | |
Cash at bank and in hand54/58 |
2.9m | 575,561 | 590,454 | 359,657 | 391,497 | 99,655 | 51,420 | 175,058 | |
Deferred charges and accrued income490/1 |
658,142 | 397,459 | 293,643 | 178,565 | 254,702 | 46,252 | 100,907 | 2,464 | |
| Balance sheet: equity and liabilities | |||||||||
Total equity and liabilities10/49 |
36.1m | 36.7m | 9.2m | 5.9m | 3.8m | 2.6m | 2.2m | 1.4m | |
Equity10/15 |
-10.9m | -8.4m | 2.6m | 1.9m | 1.3m | 859,394 | 650,067 | 451,977 | |
Contributions10/11 |
2.7m | 2.7m | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
Capital10 |
- | - | - | 200,000 | 200,000 | - | - | - | |
Issued capital100 |
- | - | - | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |
Reserves13 |
17,452 | 17,452 | 17,452 | 17,452 | 17,452 | 17,452 | 17,452 | 15,145 | |
Non-distributable reserves130/1 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | - | |
Legal reserve130 |
- | - | - | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
Other1319 |
10,000 | 10,000 | 10,000 | - | - | - | - | - | |
Tax-exempt reserves132 |
7,452 | 7,452 | 7,452 | 7,452 | 7,452 | 7,452 | 7,452 | 5,145 | |
Profit (loss) carried forward14 |
-13.6m | -11.1m | 2.4m | 1.7m | 1.1m | 641,942 | 432,615 | 236,832 | |
Provisions and deferred taxes16 |
1.0m | 194,423 | 147,115 | 99,808 | 52,500 | 37,500 | 22,500 | 7,500 | |
Provisions for liabilities and charges160/5 |
1.0m | 194,423 | 147,115 | 99,808 | 52,500 | 37,500 | 22,500 | 7,500 | |
Major repairs and maintenance162 |
241,731 | 194,423 | 147,115 | 99,808 | 52,500 | - | - | - | |
Environmental obligations163 |
- | - | - | - | - | 37,500 | 22,500 | 7,500 | |
Other liabilities and charges164/5 |
764,185 | - | - | - | - | - | - | - | |
Amounts payable17/49 |
45.9m | 44.8m | 6.5m | 3.9m | 2.4m | 1.7m | 1.5m | 934,898 | |
Amounts payable within one year42/48 |
45.5m | 44.7m | 6.3m | 3.8m | 2.4m | 1.6m | 1.3m | 848,957 | |
Trade debts44 |
1.1m | 241,880 | 2.1m | 859,665 | 405,535 | 973,373 | 190,970 | 576,211 | |
Suppliers440/4 |
1.1m | 241,880 | 2.1m | 859,665 | 405,535 | 973,373 | 190,970 | 576,211 | |
Taxes, remuneration and social security45 |
3.4m | 3.6m | 2.7m | 1.5m | 607,824 | 460,916 | 688,446 | 272,746 | |
Taxes450/3 |
579,799 | 380,220 | 356,587 | 234,597 | 2,164 | 1,282 | 222,445 | 30,899 | |
Remuneration and social security454/9 |
2.9m | 3.3m | 2.4m | 1.2m | 605,661 | 459,634 | 466,001 | 241,847 | |
Other amounts payable47/48 |
41.0m | 40.8m | 1.5m | 1.5m | 1.3m | 142,042 | 469,702 | - | |
Accrued charges and deferred income492/3 |
399,385 | 90,337 | 134,392 | 84,761 | 82,286 | 97,478 | 156,802 | 85,941 | |
| Income statement | |||||||||
Operating income70/76A |
116.4m | 83.6m | 23.3m | - | - | - | - | - | |
Turnover70 |
95.8m | 76.8m | 17.6m | - | - | - | - | - | |
Own construction capitalised72 |
18.9m | 6.0m | 5.4m | - | - | - | - | - | |
Other operating income74 |
1.7m | 897,969 | 283,267 | - | - | - | - | - | |
Non-recurring operating income76A |
6,595 | - | - | - | - | - | - | - | |
Gross operating margin9900 |
- | - | - | 11.4m | 7.7m | 6.2m | 5.5m | 4.3m | |
Operating charges60/66A |
118.8m | 97.0m | 21.8m | - | - | - | - | - | |
Services and other goods61 |
80.2m | 74.9m | 4.0m | - | - | - | - | - | |
Remuneration, social security and pensions62 |
23.0m | 17.2m | 13.1m | 7.4m | 4.9m | 3.9m | 3.3m | 2.7m | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
14.4m | 4.7m | 4.3m | 2.8m | 2.1m | 1.8m | 1.7m | 1.3m | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
-20,185 | - | - | - | - | - | - | - | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
811,493 | 47,308 | 47,308 | 47,308 | 15,000 | 15,000 | 15,000 | 7,500 | |
Other operating charges640/8 |
391,884 | 65,320 | 368,120 | 339,662 | 204,692 | 124,988 | 76,532 | 36,304 | |
Non-recurring operating charges66A |
16,741 | - | - | - | - | - | - | - | |
Operating profit (loss)9901 |
-2.4m | -13.3m | 1.4m | 818,457 | 529,591 | 373,476 | 371,315 | 285,507 | |
Financial income75/76B |
3.5m | 741 | 478 | 44 | 287 | 3 | - | 260 | |
Recurring financial income75 |
3.5m | 741 | 478 | 44 | 287 | 3 | - | 260 | |
Income from current assets751 |
2,227 | 676 | - | - | - | - | - | - | |
Other financial income752/9 |
3.5m | 65 | 478 | - | - | - | - | - | |
Financial charges65/66B |
3.4m | 88,571 | 26,815 | 18,350 | 18,888 | 19,652 | 14,154 | 9,857 | |
Recurring financial charges65 |
3.4m | 88,571 | 26,815 | 18,350 | 18,888 | 19,652 | 14,154 | 9,857 | |
Debt charges650 |
62,187 | 8,169 | - | - | - | - | - | - | |
Other financial charges652/9 |
3.4m | 80,403 | 26,815 | - | - | - | - | - | |
Non-recurring financial charges66B |
0 | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
-2.4m | -13.4m | 1.4m | 800,151 | 510,990 | 353,827 | 357,162 | 275,910 | |
Income taxes67/77 |
133,193 | - | 689,746 | 222,447 | 63,529 | 144,500 | 159,071 | 23,933 | |
Taxes670/3 |
133,193 | - | 689,746 | - | - | - | - | - | |
Profit (loss) for the period9904 |
-2.5m | -13.4m | 691,670 | 577,704 | 447,461 | 209,327 | 198,090 | 251,977 | |
Transfer to tax-exempt reserves689 |
- | - | - | - | - | - | 2,307 | 5,145 | |
Profit (loss) for the period to be appropriated9905 |
-2.5m | -13.4m | 691,670 | 577,704 | 447,461 | 209,327 | 195,783 | 246,832 | |
| Appropriation of the result | |||||||||
Profit (loss) to be appropriated9906 |
-13.6m | -11.1m | 2.4m | 1.7m | 1.1m | 641,942 | 432,615 | 246,832 | |
Profit (loss) brought forward from the previous period14P |
-11.1m | 2.4m | 1.7m | 1.1m | 641,942 | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | 10,000 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | 10,000 | |
| Social balance sheet | |||||||||
Average staff (FTE)9087 |
248.4 | 178.9 | 146.8 | 99.6 | 67.3 | 58.8 | 47.1 | 32.4 | |
Men (FTE)1003 |
154.2 | 108 | 78 | - | - | - | - | - | |
Women (FTE)1003 |
94.2 | 70.9 | 68 | - | - | - | - | - | |
Agency workers1501 |
0.5 | - | 1 | - | - | - | - | - | |
Hours worked1013 |
402,027 | 284,956 | 242,993 | 163,635 | 111,841 | 96,128 | 78,305 | 71,148 | |
| Document | |||||||||
The notes to these accounts have 83 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 12-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 73 days after the deadline. Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557739.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 12-10-2026 | 2026-00557739 | |
| 31-12-2024 | full format | 12-10-2026 | 2026-00557798 | |
| 31-12-2023 | full format | 25-07-2024 | 2024-00306003 | |
| 31-12-2022 | abbreviated format | 02-08-2023 | 2023-00306473 | |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20383293 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-64500211 | |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-46000460 | |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-41300038 |
Subsidies and aid
Flemish government 2023 to 2024, 2 entries, €1,781 awarded, €1,781 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €162 | €162 |
| 2023 | 1 | €1,619 | €1,619 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 12.0m | -8.6m | 5.7m | 3.6m | 2.7m | 2.2m | 2.1m | 1.6m | |
| Cash flow | 11.9m | -8.7m | 5.0m | 3.4m | 2.6m | 2.0m | 1.9m | 1.5m | |
| Investment in fixed assets | 38.4m | 23.7m | 6.1m | 4.9m | 2.8m | 2.6m | 2.1m | 2.4m | |
| Change in cash | 2.4m | -14,892 | 230,796 | -31,839 | 291,842 | 48,235 | -123,637 | - | |
| Working capital | -41.2m | -35.4m | -5.2m | -3.1m | -1.6m | -1.4m | -689,979 | -585,830 | |
| EBIT margin | -2.5% | -17.4% | 8.0% | - | - | - | - | - | |
| Solvency | -30.2% | -22.8% | 28.0% | 31.9% | 34.4% | 33.4% | 29.8% | 32.4% | |
| Current ratio | 0.09 | 0.21 | 0.19 | 0.20 | 0.32 | 0.13 | 0.49 | 0.31 | |
| Debt to equity | - | - | 2.51 | 2.08 | 1.86 | 1.95 | 2.32 | 2.07 | |
| ROE | - | - | 26.8% | 30.7% | 34.2% | 24.4% | 30.5% | 55.7% | |
| ROA | -7.0% | -36.6% | 7.5% | 9.8% | 11.8% | 8.1% | 9.1% | 18.1% | |
| Interest coverage | over 100 | -1055.99 | over 100 | over 100 | over 100 | - | - | - | |
| Customer credit | 2 days | 0 days | 1 day | - | - | - | - | - | |
| Supplier credit | 5 days | 1 day | 190 days | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 252 | 199 | 159 | 128 | 78 |
| full-time | 229 | 187 | 147 | 118 | 70 |
| part-time | 23 | 12 | 12 | 10 | 8 |
| in full-time equivalents | 247.8 | 196.3 | 156.1 | 125.6 | 76.3 |
| Average over the year, in full-time equivalents | 248.4 | 178.9 | 146 | 99.6 | 67.3 |
| On a permanent contract | 251 | 198 | 157 | 128 | 78 |
| Joined | 85 | 62 | 55 | 67 | 32 |
| Left | 32 | 22 | 24 | 17 | 12 |
| Agency workers, average number | 0.5 | - | 1 | - | - |
| Training hours | - | 0 | 60 | 243 | 131 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €638,017 | €436,336 | €533,254 | €1.1m | €127,579 |
| Intangible fixed assets | €37.7m | €7.1m | €5.6m | €3.8m | €2.7m |
| Financial fixed assets | - | €16.2m | - | €5,960 | - |
| Depreciation and write-downs of the year | €14.4m | €4.7m | €4.3m | €2.8m | €2.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
feesThe auditor is GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €31,013 | €10,800 | €9,616 | - | - |
| Other work by the auditor | €3,050 | - | €4,783 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on LIGHTHOUSE INTELLIGENCE
The operating result for 2025 is a loss of €2.4m, smaller than the loss of €13.3m in 2024.
Equity is negative. Debt (€45.9m) exceeds the balance-sheet total (€36.1m).
Large changes and their cause
- 2025 Net result +81% on 2024. Merger absorbing Stardekk Holding BV, effective 01-01-2025.
Board & ownership
Board
3 directors, 1 auditor, last change in June 2026PDM Consulting BV
Director, permanent representative Peter De Moor
since 01-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 12-10-2026
Director
since 25-06-2026
term without a fixed end
listed in the 2025 annual accounts, filed on 12-10-2026
LIGHTHOUSE INTELLIGENCE
Director (not named in the articles)
since 17-05-2017
earlier manager, until 05-01-2024
listed in the 2025 annual accounts, filed on 12-10-2026
Statutory auditor, permanent representative Elie Janssens
since 29-08-2024
3-year term from 2024
listed in the 2025 annual accounts, filed on 12-10-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Indien de vennootschap door meer dan één bestuurder wordt bestuurd, en behoudens inrichting…”deed of 05-01-2024
Permanent representatives 1
Mandates through the years
6 names, the dashed line is todayLIGHTHOUSE INTELLIGENCE
Director (not named in the articles)
Director (not named in the articles)
PDM Consulting BV
Director
Director
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
Statutory auditor
Statutory auditor
ElleBelleBingo
Director
Director
Grant Thorntorn Bedrijfsrevisoren
Statutory auditor
Statutory auditor
BoardStatutory auditorEarlierRest of the termmandate already running before its first mention
Mandates as a list
- LIGHTHOUSE INTELLIGENCE
- Director (not named in the articles), from 17-05-2017 to date
- Manager, until 05-01-2024
- PDM Consulting BV
- Director, from 01-07-2021 to date
- Georg Friedrich Wilhelm Beyschlag
- Director, since before 31-12-2025
- GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
- Statutory auditor, from 07-06-2021 to date
- ElleBelleBingo
- Director, from 16-04-2021 to 25-06-2026
- Grant Thorntorn Bedrijfsrevisoren
- Statutory auditor, appointed by deed of 16-09-2021, until 05-11-2024
Control
Consolidating parent
Lighthouse Intelligence Holdings Ltd GB
consolidates
This company
LIGHTHOUSE INTELLIGENCE
Equity -€10.9m
Loss €2.5m in 2025
Capital
- Contribution
- €2,700,000
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- Lighthouse Intelligence Holdings Ltd
- Ota Insight LTD
Source: shareholder structure in its own accounts, parent in its own accounts
Articles of association
deed of 05-01-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Zaakvoerders, tenzij algemene vergadering anders beslist”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, per e-mail, voor personen zonder e-mailadres per gewone post op zelfde…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 15:00
Shareholders
2 ownersOwners 2
- OTA Insight LTDparentSourceown accounts 2022100%
- Lighthouse Intelligence Holdings LtdGBconsolidating parentconsolidates
Network & group
Holdings
own 2024 accountsThis companyLIGHTHOUSE INTELLIGENCE1 holding, 1 country
2024 accounts
Belgium 1 Equity Result
- BE Stardekk Holdingno longer active €14.3m result -€11,090
Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.
Parent
Lighthouse Intelligence Holdings Ltd
United Kingdom
At the same address
Gaston Crommenlaan 6, 9050 Ghent · 22 other companies| Perrigo Europe Invest
registered office since 03-09-1998 · founded in 1989 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
total assets €1.71bn (2025) 0439.658.834 |
| Perrigo Holding
registered office since 11-01-2000 · founded in 1987 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
turnover €48.4m (2025) 0431.676.229 |
| Perrigo Capital
registered office since 26-04-1989 · founded in 1987 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
total assets €1.58bn (2025) 0430.784.027 |
| N.V. BESIX S.A.
establishment since 15-04-2005 · founded in 1973 · group BESIX Group |
809 FTE (2025) 0413.630.071 |
| Perrigo Belgium
registered office since 01-10-1979 · founded in 1977 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
turnover €44.6m (2025) 0417.132.860 |
| OMEGA PHARMA INNOVATION & DEVELOPMENT
registered office since 09-10-2006 · founded in 2006 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
38 FTE (2025) 0884.084.724 |
| OMEGA PHARMA INTERNATIONAL
registered office since 05-11-2008 · founded in 2008 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
18 FTE (2025) 0807.596.363 |
| Q-PARK BELGIUM
establishment since 29-07-2011 · founded in 2000 |
12 FTE (2025) 0471.121.080 |
| Silverfin
registered office since 25-03-2013 · founded in 2013 · group VISMA AS |
99 FTE (2025) 0524.802.662 |
| Oce-Bio
registered office since 26-02-1991 · founded in 1991 · group PERRIGO COMPANY PUBLIC LIMITED COMPANY |
8.1 FTE (2025) 0442.861.022 |
Holdings and subsidiaries
1 holding · 2 subsidiaries, including indirect onesHoldings 1
Share, source and own figures per holding (1)
- STARDEKK HOLDINGsubsidiaryEquity €14.3m Loss of €11,090 in 2024 (loss of €76,565 in 2023)100%
All subsidiaries, including indirect ones 2
LIGHTHOUSE INTELLIGENCE or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
STARDEKK HOLDING 100%1 subsidiary
- STARDEKK 100%
Acquisitions and mergers
1 transactionTook over:Stardekk Holding BV
Connections & network
3 current directorsThe network starts from the directors of LIGHTHOUSE INTELLIGENCE. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
24 events since 2017Board
Capital
Filings
Financial
Establishments
20182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2024 filed PDFfull format · 438 days late
Annual accounts 2025 filed NBBfull format · 73 days late
1 director appointed, 1 resignationResignation: EileBelleBingo BV · Permanent representative: Matthias Geeroms · Appointment: Georg Friedrich Wilhelm Beyschlag · General meeting of 25-06-20264 points ▸
- General meeting, 25-06-2026
- Director resignation, EileBelleBingo BV
- Permanent representative, Matthias Geeroms
- Director appointment, Georg Friedrich Wilhelm Beyschlag
2025
Merger: LIGHTHOUSE INTELLIGENCE takes over STARDEKK HOLDINGGeneral meeting of 16-04-20251 point ▸
- General meeting, 16-04-2025
- The deed holds 4 more points.
Merger proposal: Lighthouse Intelligence BV takes over Stardekk Holding BVThe company holds all the shares of Stardekk Holding BV · The company holds 100% of the shares of Lighthouse Intelligence BV3 points ▸
- The company holds all the shares of Stardekk Holding BV
- Accounting effect, 01-01-2025
- The company holds 100% of the shares of Lighthouse Intelligence BV
- The deed holds 12 more points.
2024
Weakest financial year net -€13.4m The net result drops to -€13.4m, the lowest from 2018 to 2025. It recovers the following year.
Reappointment: Grant Thornton Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Elie Janssens · General meeting of 29-08-20243 points ▸
- General meeting, 29-08-2024
- Auditor reappointment, Grant Thornton Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Elie Janssens
Annual accounts 2023 filed PDFfull format · 6 days before the deadline
Capital contribution of €2,500,000Permanent representatives: Sean FITZPATRICK and GEEROMS Matthias3 points ▸
- Capital contribution, €2,500,000
- Permanent representative, Sean FITZPATRICK
- Permanent representative, GEEROMS Matthias
- The deed holds 4 more points.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0676420293
Company renamed from OTA Insight to LIGHTHOUSE INTELLIGENCEResignation: LIGHTHOUSE INTELLIGENCE (manager) · Reappointment: LIGHTHOUSE INTELLIGENCE (director) · Permanent representative: Geeroms Matthias8 points ▸
- Name change, LIGHTHOUSE INTELLIGENCE
- 100 shares
- Director resignation, LIGHTHOUSE INTELLIGENCE (manager)
- Director discharge, LIGHTHOUSE INTELLIGENCE
- Director reappointment, LIGHTHOUSE INTELLIGENCE (director (not named in the articles))
- Permanent representative, Geeroms Matthias
- Registered office clause, Gaston Crommenlaan 6, 9050 Gent (Ledeberg)
- Power of attorney, Aileen Reniers
- The deed holds 4 more points.
2023
Highest result from 2018 to 2025 net €691,670 ▲19.7% The operating result of €1.4m and the net result of €691,670 are both a record.
Equity above €2m equity €2.6m ▲36.7% With a profit in every financial year since 2018, equity grows to €2.6m.
Annual accounts 2022 filed PDFabbreviated format · 2 days late
2022
Annual accounts 2021 filed PDFabbreviated format · 29 days late
2021
Equity above €1m equity €1.3m ▲52.1% With a profit in every financial year since 2018, equity grows to €1.3m.
Appointment: Grant Thorntorn Bedrijfsrevisoren (statutory auditor)General meeting of 07-06-20212 points ▸
- General meeting, 07-06-2021
- Auditor appointment, Grant Thorntorn Bedrijfsrevisoren (statutory auditor)
Annual accounts 2020 filed PDFabbreviated format · 31 days late
Appointment: PDM Consulting BV (director)Permanent representative: Peter De Moor · General meeting of 21-06-20213 points ▸
- General meeting, 21-06-2021
- Director appointment, PDM Consulting BV
- Permanent representative, Peter De Moor
2020
Annual accounts 2019 filed PDFabbreviated format · 27 days late
2019
Equity above €500,000 equity €650,067 ▲43.8% With a profit in every financial year since 2018, equity grows to €650,067.
Annual accounts 2018 filed PDFabbreviated format · 1 day before the deadline
2017
Incorporation PDFpublished on 01-06-2017
First establishment OTA INSIGHT, Gaston Crommenlaan 12, Ghent
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0676.420.293
- VAT number
- BE 0676.420.293
- Peppol ID
- 0208:0676420293
- Other Peppol ID
- 9925:BE0676420293
- LEI code
- 2549003GMH1GQ9XRDV31 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-05-2017
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 15:00deed of 05-01-2024 (in Dutch)
- Peppol
- Reachable since 18-03-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- LIGHTHOUSE INTELLIGENCE in Dutch
- Former name
- OTA Insight until the deed of 05-01-2024
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-01-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
62900
Other information technology and computer services main activity
Social security (RSZ) activities
62100
Computer programming main activity
Joint committees annual accounts 2025
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
62090
Computer programming, consultancy and related activities main activity
Social security (RSZ) activities
62010
Computer programming, consultancy and related activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het technisch ontwikkelen van mobiele en online websites,applicaties en bijhorende technologieën in de ruime zin van het woord; Grafisch…”deed of 04-02-2025 (in Dutch)
14 activities
- Het technisch ontwikkelen van mobiele en online websites,applicaties en bijhorende technologieën in de ruime zin van het woord.
- Grafisch design in de ruime zin van het woord.
- De creatie,ontwikkeling,verbetering,installatie,verkoop en/of aankoop,distributie,commercialisering,programmering en onderhoud van mobiele en online websites,applicaties en bijhorende technologieën,logo's,grafisch beeldmateriaal,publiciteit,en databasebestanden. Dit zowel voor eigen ontwikkeling als voor derden.
- Het aanbieden van consulting diensten die betrekking hebben op alle mogelijke advies- en of dienstenfuncties op het vlak van marketing,administratie,communicatie,strategiebepaling,mediabeheer,technische implementaties,marktonderzoek en elk ander onderwerp dat betrekking heeft op bovenstaande doelomschrijving.
- Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die op dit domein actief zijn,de vertegenwoordiging en het optreden als commercieel tussenpersoon.
- De vennootschap kan in het kader van haar werkzaamheden overgaan tot alle handelsverrichtingen,nijverheidsverrichtingen,financiële en onroerende verrichtingen,die op enigerlei wijze kunnen bijdragen tot verwezenlijking van haar doel.
- De vennootschap kan alle vormen van intellectuele eigendomsrechten die rechtstreeks of onrechtstreeks in verband staan met haar activiteiten nemen,aanwenden,aankopen,verwerven of overdragen en kan aan onderzoeksactiviteiten ondernemen.
- De vennootschap kan eender welk roerend of onroerend,lichamelijk of onlichamelijk,goed verwerven,huren,verhuren,vervaardigen,beheren,overdragen of ruilen.
- Zij kan alle onroerende activiteiten in eender welke wettige vorm uitoefenen,met inbegrip van de aankoop,verkoop,het verhuren en huren van onroerend goed en het beheer van onroerende eigendommen.
- De vennootschap kan leningen van eender welke vorm,duur of bedrag toestaan.
- Zij kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door garanties te verstrekken en door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap kan de functies van bestuurder,zaakvoerder of vereffenaar waarnemen in vennootschappen en verenigingen.
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar maatschappelijk doel of die van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
- Zij kan,ondermeer bij wijze van inbreng,fusie,overdracht,deelneming,inschrijving,financieel akkoord of op andere wijze belangen nemen in alle bestaande of op te richten vennootschappen,zowel in België als in het buitenland,die een zelfde,een gelijkaardig of een verwant doel nastreven of die haar ontwikkeling kunnen bevorderen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Gaston Crommenlaan 6 registered office 9050 Ghent | ||
| OTA INSIGHT Gaston Crommenlaan 12, 9050 Ghent | 30-05-2017 | 2.266.911.180 |
Buildings and parcels at the address
- Ground area
- 1.9 ha
- Buildings
- 8,006 m²
- Volume, LiDAR
- 228,681 m³
- Tallest building
- 49.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44032A0472/00R003 | 1.9 ha | 1 · 8,006 m² | 49.2 m · 8 |