Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
2026 accounts not filed: deadline was 31-10-2026.
Lower net result than 91% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 84% on liquidity, 4% on profitability and 18% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 4,805 companies had the same profile as LIGHTHOUSE PROJECTS has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LIGHTHOUSE PROJECTS itself is lower: 0.1% within 12 months. It rests on far more data about LIGHTHOUSE PROJECTS than the profile alone.
The method was tested on the 497,447 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 4,805 companies, not a prediction for LIGHTHOUSE PROJECTS. 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.
Liquidity is ample, with a current ratio of 3.54 (10.3 in 2024), above the usual 1.5. Short-term debt is 24.9% and cash 57.2% of total assets. 24.9% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 16 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LIGHTHOUSE PROJECTS Ramillies | €48,879 | -€11,005 | 75.1% | - |
| 80twenty Waterloo | €48,904 | -€30,508 | 59.9% | - |
| QUALISOPH Rixensart | €43,165 | -€16,040 | 89.6% | - |
| META 4 Waterloo | €55,917 | -€1,113 | -41.9% | - |
| OPTIMAL SOLUTION PROVIDER Mont-Saint-Guibert | €59,118 | €185 | 6.5% | - |
| Stratégies et Succès Waterloo | €47,300 | -€20,449 | 54.1% | - |
| EURESCON Orp-Jauche | €43,066 | -€18,539 | 85.1% | - |
These companies have the same main activity as LIGHTHOUSE PROJECTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €43,100 and €59,100, founded between 2009 and 2013.
LIGHTHOUSE PROJECTS files the micro format. That format states no turnover. The gross margin fell from €18,910 in 2013 to -€11,005 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 72% of 39,360 companies in 2025.
Higher than 69% of 38,044 companies in 2025.
Lower than 95% of 38,516 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
48,879 | 57,552 | 73,386 | 66,535 | 65,217 | 26,118 | 34,182 | 40,392 | 34,580 | 44,042 | 21,476 | 32,646 | 38,296 | |
21/28 |
5,836 | 4,436 | 1,273 | 1,326 | 903 | 263 | 6,728 | 12,642 | 17,659 | 23,337 | 2,359 | 5,495 | 8,249 | |
21 |
2,907 | - | - | - | - | - | - | - | - | - | - | 201 | 604 | |
22/27 |
2,929 | 4,436 | 1,273 | 1,326 | 903 | 263 | 6,728 | 12,642 | 17,659 | 23,337 | 2,359 | 5,294 | 7,645 | |
23 |
1,142 | 1,434 | - | - | - | - | - | - | - | - | - | - | - | |
24 |
1,788 | 3,002 | 1,273 | 1,326 | 903 | 263 | 6,728 | 12,642 | 17,659 | 23,337 | 2,359 | 5,294 | 7,645 | |
29/58 |
43,042 | 53,116 | 72,113 | 65,209 | 64,313 | 25,856 | 27,454 | 27,750 | 16,921 | 20,706 | 19,117 | 27,151 | 30,047 | |
40/41 |
14,666 | 15,855 | 14,114 | 14,974 | 23,156 | 15,422 | 9,611 | 19,356 | 8,925 | 7,824 | 8,239 | 11,514 | 7,110 | |
40 |
14,558 | 15,747 | 14,114 | 14,968 | 23,156 | 15,422 | 9,611 | 19,356 | 8,877 | 7,170 | 7,222 | 11,497 | 7,089 | |
41 |
107 | 107 | - | 6 | - | - | - | - | 48 | 654 | 1,017 | 17 | 21 | |
54/58 |
27,979 | 36,897 | 57,705 | 49,951 | 40,462 | 9,503 | 15,270 | 6,041 | 7,118 | 12,487 | 10,432 | 15,323 | 22,431 | |
490/1 |
397 | 365 | 294 | 284 | 695 | 931 | 2,573 | 2,353 | 878 | 394 | 447 | 313 | 506 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
48,879 | 57,552 | 73,386 | 66,535 | 65,217 | 26,118 | 34,182 | 40,392 | 34,580 | 44,042 | 21,476 | 32,646 | 38,296 | |
10/15 |
36,726 | 52,394 | 56,157 | 48,345 | 32,150 | 16,376 | 13,784 | 10,667 | 2,003 | 8,357 | 6,971 | 11,055 | 7,463 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
49,957 | 49,957 | 49,957 | 42,145 | 25,950 | 10,176 | 7,584 | 4,467 | 812 | 812 | 743 | 743 | 563 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 812 | 812 | 743 | 743 | 563 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
49,957 | 49,957 | 48,097 | 40,285 | 24,090 | 8,316 | 5,724 | 2,607 | - | - | - | - | - | |
14 |
-19,431 | -3,764 | - | - | - | - | - | - | -5,010 | 1,345 | 28 | 4,113 | 700 | |
17/49 |
12,152 | 5,158 | 17,229 | 18,190 | 33,066 | 9,743 | 20,398 | 29,725 | 32,578 | 35,685 | 14,505 | 21,591 | 30,832 | |
17 |
- | - | - | - | - | - | 848 | 5,908 | 10,919 | 15,880 | - | - | 3,660 | |
170/4 |
- | - | - | - | - | - | 848 | 5,908 | 10,919 | 15,880 | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,660 | |
42/48 |
12,152 | 5,158 | 17,229 | 18,190 | 23,066 | 9,743 | 19,550 | 23,817 | 21,659 | 19,805 | 14,505 | 21,496 | 27,117 | |
42 |
- | - | - | - | - | 848 | 5,060 | 5,011 | 4,961 | 4,913 | - | 3,660 | 3,670 | |
44 |
10,777 | 3,416 | 1,307 | 862 | 4,859 | 204 | 1,461 | 725 | 204 | 34 | 1,063 | 761 | 174 | |
440/4 |
10,777 | 3,416 | 1,307 | 862 | 4,859 | 204 | 1,461 | 725 | 204 | 34 | 1,063 | 761 | 174 | |
46 |
- | - | 3,630 | - | - | - | - | - | - | - | - | - | - | |
45 |
1,006 | 1,078 | 6,840 | 12,191 | 12,544 | 3,192 | 6,605 | 5,531 | 1,353 | 2,686 | 888 | 3,816 | 1,795 | |
450/3 |
1,006 | 1,078 | 6,840 | 12,191 | 12,544 | 3,192 | 6,605 | 5,531 | 1,353 | 2,686 | 888 | 3,816 | 1,795 | |
47/48 |
370 | 664 | 5,451 | 5,136 | 5,663 | 5,499 | 6,423 | 12,551 | 15,141 | 12,172 | 12,555 | 13,259 | 21,479 | |
492/3 |
- | - | - | - | 10,000 | - | - | - | - | - | - | 94 | 55 | |
| Income statement | ||||||||||||||
76A |
30 | - | 3,000 | - | - | - | - | - | - | 3,625 | - | - | - | |
9900 |
-11,005 | -1,127 | 14,444 | 29,029 | 26,563 | 11,705 | 13,004 | 19,578 | 618 | 5,564 | 97 | 11,514 | 18,910 | |
630 |
1,799 | 1,032 | 688 | 386 | 269 | 6,465 | 6,702 | 6,693 | 6,389 | 6,626 | 3,901 | 4,069 | 5,499 | |
640/8 |
466 | 363 | 676 | 697 | 591 | 587 | 235 | 212 | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 106 | - | |
9901 |
-13,270 | -2,522 | 13,079 | 27,946 | 25,703 | 4,652 | 6,066 | 12,673 | -5,771 | -1,062 | -3,805 | 7,445 | 13,412 | |
75/76B |
2 | 20 | - | 1 | 0 | 0 | 0 | 6 | 0 | 174 | 0 | 3,239 | 1 | |
75 |
2 | 20 | - | 1 | 0 | 0 | 0 | 6 | 0 | 174 | 0 | 3,239 | 1 | |
65/66B |
2,187 | 242 | 206 | 202 | 261 | 206 | 286 | 347 | 334 | 325 | 227 | 4,936 | 864 | |
65 |
2,187 | 242 | 206 | 202 | 261 | 206 | 286 | 347 | 334 | 325 | 227 | 4,936 | 864 | |
9903 |
-15,456 | -2,744 | 12,873 | 27,744 | 25,442 | 4,446 | 5,780 | 12,333 | -6,105 | 2,413 | -4,032 | 5,642 | 12,549 | |
67/77 |
212 | 1,020 | 5,061 | 11,550 | 9,667 | 1,854 | 2,663 | 3,308 | 249 | 1,026 | 53 | 2,050 | 1,286 | |
9904 |
-15,667 | -3,764 | 7,812 | 16,195 | 15,775 | 2,592 | 3,117 | 9,024 | -6,355 | 1,387 | -4,085 | 3,592 | 11,263 | |
9905 |
-15,667 | -3,764 | 7,812 | 16,195 | 15,775 | 2,592 | 3,117 | 9,024 | -6,355 | 1,387 | -4,085 | 3,592 | 11,263 | |
| Appropriation of the result | ||||||||||||||
9906 |
-19,431 | -3,764 | 7,812 | 16,195 | 15,775 | 2,592 | 3,117 | 3,655 | -5,010 | 1,414 | 28 | 4,292 | 11,263 | |
14P |
-3,764 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 7,812 | 16,195 | 15,775 | 2,592 | 3,117 | 3,655 | - | 69 | - | 180 | 563 | |
6920 |
- | - | - | - | - | - | - | 1,048 | - | 69 | - | 180 | 563 | |
6921 |
- | - | 7,812 | 16,195 | 15,775 | 2,592 | 3,117 | 2,607 | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 10,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 10,000 | |
| Document | ||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-11-2025.
2025 annual accounts filed 30 days after the deadline. Filed on 30 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00574163.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 30-11-2025 | 2025-00574163 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00524333 | |
| 31-03-2023 | micro format | 26-11-2023 | 2023-00516739 | |
| 31-03-2022 | micro format | 08-11-2022 | 2022-20516509 | |
| 31-03-2021 | micro format | 29-11-2021 | 2021-78700255 | |
| 31-03-2020 | micro format | 02-11-2020 | 2020-67800093 | |
| 31-03-2019 | micro format | 15-10-2019 | 2019-70200237 | |
| 31-03-2018 | micro format | 30-10-2018 | 2018-70700263 | |
| 31-03-2017 | micro format | 19-09-2017 | 2017-61400071 | |
| 31-03-2016 | full format | 28-09-2016 | 2016-62700135 | |
| 31-03-2015 | full format | 30-09-2015 | 2015-63300254 | |
| 31-03-2014 | full format | 30-10-2014 | 2014-66100180 | |
| 31-03-2013 | full format | 14-11-2013 | 2013-66000244 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -11,471 | -1,490 | 13,767 | 28,332 | 25,971 | 11,117 | 12,769 | 19,366 | 618 | 5,564 | 97 | 11,514 | 18,910 | ||
| -13,868 | -2,732 | 8,500 | 16,580 | 16,043 | 9,057 | 9,819 | 15,717 | 35 | 8,012 | -183 | 7,661 | 16,762 | ||
| 3,200 | 4,194 | 636 | 808 | 909 | 0 | 788 | 1,675 | 712 | 28,979 | 765 | 1,421 | 13,747 | ||
| -8,917 | -20,809 | 7,754 | 9,490 | 30,959 | -5,768 | 9,229 | -1,077 | -5,369 | 2,056 | -4,892 | -7,107 | - | ||
| 30,890 | 47,958 | 54,884 | 47,019 | 41,247 | 16,113 | 7,904 | 3,933 | -4,738 | 901 | 4,612 | 5,654 | 2,930 | ||
| 75.1% | 91.0% | 76.5% | 72.7% | 49.3% | 62.7% | 40.3% | 26.4% | 5.8% | 19.0% | 32.5% | 33.9% | 19.5% | ||
| 3.54 | 10.30 | 4.19 | 3.58 | 2.79 | 2.65 | 1.40 | 1.17 | 0.78 | 1.05 | 1.32 | 1.26 | 1.11 | ||
| 0.33 | 0.10 | 0.31 | 0.38 | 1.03 | 0.59 | 1.48 | 2.79 | 16.27 | 4.27 | 2.08 | 1.95 | 4.13 | ||
| -42.7% | -7.2% | 13.9% | 33.5% | 49.1% | 15.8% | 22.6% | 84.6% | -317.3% | 16.6% | -58.6% | 32.5% | 150.9% | ||
| -32.1% | -6.5% | 10.6% | 24.3% | 24.2% | 9.9% | 9.1% | 22.3% | -18.4% | 3.1% | -19.0% | 11.0% | 29.4% | ||
| -5.24 | -6.16 | 66.72 | over 100 | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,194 | €636 | €808 |
| Intangible fixed assets | €3,200 | - | - | - |
| €1,799 | €1,032 | €688 | €386 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,270, larger than the loss of €2,522 in 2024. It is the lowest result since 2013.
Debt's share of the balance-sheet total rises from 9.0% to 24.9%. Equity is lower and debt is higher.
LIGHTHOUSE PROJECTS has no parent and no holdings in its annual accounts. LIGHTHOUSE PROJECTS shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Lebrun Didier registered office Rue de Mont-St-André 31, 1367 Ramillies | 26-10-2011 | 2.204.034.097 |
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