LIGHTNING PROJECTS
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
LIGHTNING PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,989 and a net result of €9,287. Its solvency ranks better than 59% of 465 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 22-12-2023 Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classified NACE 28410and 2 others
- Establishment unit
- 2.354.651.739 3960 Bree, since 22-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €17,582
- ▼ 72.9%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €9,287
- ▼ 79.2%
- Equity
- €56,989
- ▲ 19.5%
- Total assets
- €93,328
- ▲ 36.0%
Score breakdownraises riskFounded in 2023lowers riskLiquidity: current ratio 1.71, cash €38,737Equity €56,989 (61.1% of total assets)Figures for financial year 2025 (filed on 07-05-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 28, micro). It does better than 64% of them on solvency, 81% on liquidity, 68% on profitability and 76% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 89 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 04-05-2026 PDF all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 79% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as LIGHTNING PROJECTS: manufacture of machinery and equipment not elsewhere classified (NACE 28410). They are comparable in size and age: total assets between €106,000 and €282,000, founded between 2009 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| LIGHTNING PROJECTS Bree | 2023 | €93,328 | €56,989 | €17,582 | €9,287 | - | 2025 |
| MIDZONE Herk-de-Stad | 2023 | €203,342 | €160,160 | €29,848 | €18,915 | - | 2025 |
| G.A. Techniek Mol | 2024 | €106,250 | €78,364 | €106,613 | €76,364 | - | 2025 |
| DM Machine Heist-op-den-Berg | 2022 | €202,401 | €51,700 | €125,736 | €4,017 | - | 2025 |
| WELDCON Tielt | 2016 | €256,286 | €177,431 | €49,400 | €25,180 | - | 2025 |
| CRDD Ieper | 2017 | €281,657 | €174,555 | €88,541 | €43,029 | - | 2025 |
| SYNPRO TECHNICS Zutendaal | 2009 | €138,992 | €5,085 | €49,046 | -€7,789 | 1 | 2025 |
They were chosen from the 101 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as LIGHTNING PROJECTS has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of LIGHTNING PROJECTS itself is lower: 0.3% within 12 months. It rests on far more data about LIGHTNING PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for LIGHTNING 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,920 | €4,325 | ▲ 48.1% |
| Other operating charges640/8 | €387 | €253 | ▼ 34.5% |
| Gross operating margin9900 | €64,898 | €17,582 | ▼ 72.9% |
| Operating profit (loss)9901 | €61,592 | €13,004 | ▼ 78.9% |
| Financial income75/76B | €12 | €15 | ▲ 27.1% |
| Recurring financial income75 | €12 | €15 | ▲ 27.1% |
| Non-recurring financial income76B | €12 | €15 | ▲ 27.1% |
| Financial charges65/66B | €138 | €250 | ▲ 81.1% |
| Recurring financial charges65 | €138 | €250 | ▲ 81.1% |
| Non-recurring financial charges66B | €138 | €250 | ▲ 81.1% |
| Profit (loss) for the period before taxes9903 | €61,466 | €12,770 | ▼ 79.2% |
| Income taxes67/77 | €16,763 | €3,483 | ▼ 79.2% |
| Profit (loss) for the period9904 | €44,702 | €9,287 | ▼ 79.2% |
| Profit (loss) for the period to be appropriated9905 | €44,702 | €9,287 | ▼ 79.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €68,626 | €93,328 | ▲ 36.0% |
| Fixed assets21/28 | €11,680 | €31,090 | ▲ 166% |
| Tangible fixed assets22/27 | €11,680 | €31,090 | ▲ 166% |
| Plant, machinery and equipment23 | €5,280 | €3,960 | ▼ 25.0% |
| Furniture and vehicles24 | €6,400 | €27,130 | ▲ 324% |
| Current assets29/58 | €56,946 | €62,238 | ▲ 9.3% |
| Amounts receivable within one year40/41 | €14,805 | €23,501 | ▲ 58.7% |
| Trade receivables40 | €13,213 | €21,790 | ▲ 64.9% |
| Other amounts receivable41 | €1,592 | €1,711 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €42,141 | €38,737 | ▼ 8.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €68,626 | €93,328 | ▲ 36.0% |
| Equity10/15 | €47,702 | €56,989 | ▲ 19.5% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | €3,000 | = |
| Issued capital100 | €3,000 | €3,000 | = |
| Reserves13 | €44,702 | €53,989 | ▲ 20.8% |
| Distributable reserves133 | €44,702 | €53,989 | ▲ 20.8% |
| Amounts payable17/49 | €20,924 | €36,339 | ▲ 73.7% |
| Amounts payable within one year42/48 | €20,924 | €36,339 | ▲ 73.7% |
| Trade debts44 | €1,825 | €16,763 | ▲ 818% |
| Suppliers440/4 | €1,825 | €16,763 | ▲ 818% |
| Taxes, remuneration and social security45 | €16,763 | €3,483 | ▼ 79.2% |
| Taxes450/3 | €16,763 | €3,483 | ▼ 79.2% |
| Other amounts payable47/48 | €2,335 | €16,093 | ▲ 589% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €44,702 | €9,287 | ▼ 79.2% |
| + Depreciation and write-downs630 | €2,920 | €4,325 | ▲ 48.1% |
| Operating cash flow (approximation) | €47,622 | €13,612 | ▼ 71.4% |
| Investment in fixed assets (approximation) | - | -€23,735 | - |
| Change in cash | - | -€3,404 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- MULLER Ruud Willybrordus Elisabeth sole founder · 100% at incorporation
Capital transactions
- 28-12-2023 Incorporation · €3,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering”
Articles of association, deed of 28-12-2023 (in Dutch)
Network & group
LIGHTNING PROJECTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of LIGHTNING PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
IncorporationAppointment: MULLER Ruud Willybrordus Elisabeth (director) · Board rule · Registered office clause8 points ▸
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, MULLER Ruud Willybrordus Elisabeth (director)
- Registered office clause, “3960 Bree, Bocholterkiezel 6” (deed in Dutch)
- Power of attorney, Bart Van Der Meersch
- Incorporation, “LIGHTNING PROJECTS” (deed in Dutch)
- Founder, MULLER Ruud Willybrordus Elisabeth
- Other provision, “wettelijk samenwonende partner” (deed in Dutch)
- Founding capital, €3,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
LIGHTNING PROJECTS was incorporated on 22 December 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 MULLER Ruud Willybrordus Elisabeth is director of the company, appointed in the act of 28-12-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202516 activities
- Hoofdactiviteit: 13.30001 – Bleken,verven,voorbereiden en bedrukken (zeefdrukken) van textielvezels,garens,weefsels,stoffen en confectieartikelen (inclusief kleding)
- Hoofdactiviteit: 25.610 – Oppervlaktebehandeling van metalen
- Hoofdactiviteit: 25.61006 – Bekleden van metaal met andere beschermende of decoratieve materialen dan metaal : plastificeren,emailleren,lakken,enz.
- Hoofdactiviteit: 25.62001 – Boren,draaien,frezen,vonkerosief bewerken,schaven,lappen,tekfrezen,vlakken,zagen,slijpen,lassen enz. van metalen stukken
- Hoofdactiviteit: 31.091 – vervaardiging van eetkamer-,zitkamer-,slaapkamer- en badkamermeubelen
- Hoofdactiviteit: 31.099 – vervaardiging van andere meubelen,n.e.g.
- Hoofdactiviteit: 33.12011 – Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden
- Hoofdactiviteit: 47.78501 – Kleinhandel in fietsen
- Hoofdactiviteit: 47.79101 - Kleinhandel in antiek en oude kunstvoorwerpen
- Hoofdactiviteit: 47.91003 – Detailhandel in allerlei producten via het internet (e-commerce)
- Hoofdactiviteit: 68.203 – Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed,exclusief terreinen
- Hoofdactiviteit: 68.20302 – Verhuur per jaar van garageboxen en staanplaatsen voor auto’s
- Hoofdactiviteit: 81.220 – Overige reiniging van gebouwen; industriële reiniging
- Hoofdactiviteit: 82.990 – Overige zakelijke dienstverlening,n.e.g.
- Hoofdactiviteit: 95.24001 – Renovatie en restauratie van meubels
- Hoofdactiviteit: 95.29001 – Reparatie van fietsen
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1003.818.059
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Legal Entity Identifier
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72004B0297/00T003 | Flanders | 290 m² | 1 · 133 m² | 6.5 m · 1 |