LIGHTPLUS
ActiveSummary
LIGHTPLUS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €576,792 and a net result of -€90,607. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 95% of 9,770 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €576,792
- Loss
- -€90,607
- Parent
- TIJDLIJN · 99.99%
- Francisco JIMENEZ PADILLADirector
Why 88raises riskLoss of €90,607, the second in a row (financial year 2025)lowers riskSize: total assets €586,612Founded in 1991Equity €576,792 (98.3% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 90% on solvency, 69% on liquidity, 6% on profitability and 23% on growth.
The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Liquidity more than 5 timescurrent ratio 121.67
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €93,297 in 2025 against €130,620 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 929 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 929 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,913 | €10,104 | €12,803 | €2,000 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €119,952 | €89,461 | €101,829 | €11,574 | €133 | ▼ 98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,981 | €21,139 | €15,020 | €12,976 | €10,142 | €15,575 | €14,698 | €13,690 | ▼ 6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,314 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,887 | €6,324 | €1,975 | €1,630 | €1,149 | ▼ 29.5% |
| Gross operating margin9900 | €427,500 | €185,354 | €159,419 | €41,501 | -€16,343 | -€59,939 | -€102,717 | -€78,325 | ▲ 23.7% |
| Operating profit (loss)9901 | -€41,066 | -€236,351 | -€16,290 | -€94,628 | -€122,270 | -€179,319 | -€130,620 | -€93,297 | ▲ 28.6% |
| Financial income75/76B | - | - | - | €15,734 | €13,512 | €13,123 | €7,409 | €6,461 | ▼ 12.8% |
| Recurring financial income75 | €87,484 | €54,862 | €28,958 | €15,734 | €13,512 | €13,123 | €7,409 | €6,461 | ▼ 12.8% |
| Financial charges65/66B | - | - | - | €11,027 | €6,354 | €5,023 | €3,985 | €3,771 | ▼ 5.4% |
| Recurring financial charges65 | €40,171 | €31,075 | €17,646 | €11,027 | €6,354 | €5,023 | €3,985 | €3,771 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €6,247 | -€212,563 | -€4,978 | -€89,920 | -€115,111 | -€171,219 | -€127,195 | -€90,607 | ▲ 28.8% |
| Income taxes67/77 | €5,260 | €617 | €241 | €179 | €185 | €171 | - | - | - |
| Profit (loss) for the period9904 | €987 | -€213,180 | -€5,219 | -€90,099 | -€115,296 | -€171,389 | -€127,195 | -€90,607 | ▲ 28.8% |
| Profit (loss) for the period to be appropriated9905 | €987 | -€213,180 | -€5,219 | -€90,099 | -€115,296 | -€171,389 | -€127,195 | -€90,607 | ▲ 28.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | €0.8m | €0.7m | €0.6m | ▼ 12.8% |
| Fixed assets21/28 | €0.02m | €0.08m | €0.07m | €0.05m | €0.06m | €0.07m | €0.05m | €0.04m | ▼ 20.6% |
| Tangible fixed assets22/27 | €0.02m | €0.08m | €0.07m | €0.05m | €0.06m | €0.07m | €0.05m | €0.04m | ▼ 20.6% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.002m | €0.003m | €0.001m | €0.001m | ▼ 41.4% |
| Furniture and vehicles24 | - | - | - | €408 | - | €0.02m | €0.01m | €0.01m | ▼ 13.7% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 22.1% |
| Current assets29/58 | €1.5m | €1.2m | €1.2m | €1.1m | €1.0m | €0.8m | €0.6m | €0.5m | ▼ 12.1% |
| Stocks and contracts in progress3 | €0.9m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 3.3% |
| Stocks30/36 | - | - | - | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 3.3% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.06m | €0.1m | €0.06m | €0.03m | €0.02m | €0.04m | ▲ 177% |
| Trade receivables40 | - | - | - | €0.1m | €0.03m | €0.03m | €0.02m | €0.02m | ▲ 12.2% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.03m | €0.001m | - | €0.03m | - |
| Cash at bank and in hand54/58 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.1m | €0.06m | ▼ 58.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | €0.8m | €0.7m | €0.6m | ▼ 12.8% |
| Equity10/15 | €1.4m | €1.2m | €1.2m | €1.1m | €1.0m | €0.8m | €0.7m | €0.6m | ▼ 13.6% |
| Contributions10/11 | €0.07m | €0.07m | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €1.3m | €1.1m | €1.1m | €1.0m | €0.9m | €0.7m | €0.6m | €0.5m | ▼ 15.2% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €1.0m | €0.9m | €0.7m | €0.6m | €0.5m | ▼ 15.7% |
| Amounts payable17/49 | €0.1m | €0.1m | €0.07m | €0.05m | €0.05m | €0.03m | €0.005m | €0.01m | ▲ 92.8% |
| Amounts payable after more than one year17 | - | €0.03m | €0.02m | €0.01m | €0.007m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.01m | €0.007m | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.07m | €0.05m | €0.04m | €0.05m | €0.03m | €0.005m | €0.01m | ▲ 92.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.007m | €0.007m | €0.007m | - | - | - |
| Trade debts44 | €0.05m | €0.01m | €0.01m | €0.01m | €0.02m | €0.001m | €0.001m | €0.008m | ▲ 675% |
| Suppliers440/4 | - | - | - | €0.01m | €0.02m | €0.001m | €0.001m | €0.008m | ▲ 675% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.009m | €0.001m | €0.001m | ▼ 46.6% |
| Taxes450/3 | - | - | - | €0.005m | €0.008m | €0.003m | €0.001m | €0.001m | ▼ 42.2% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.006m | €82 | - | - |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.001m | €0.01m | €0.003m | €0.002m | ▼ 45.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €987 | -€213,180 | -€5,219 | -€90,099 | -€115,296 | -€171,389 | -€127,195 | -€90,607 | ▲ 28.8% |
| + Depreciation and write-downs630 | €17,981 | €21,139 | €15,020 | €12,976 | €10,142 | €15,575 | €14,698 | €13,690 | ▼ 6.9% |
| Operating cash flow (approximation) | €18,968 | -€192,041 | €9,801 | -€77,124 | -€105,154 | -€155,814 | -€112,497 | -€76,917 | ▲ 31.6% |
| Investment in fixed assets (approximation) | - | -€84,430 | -€6,665 | €3,320 | -€13,700 | -€25,419 | €0 | -€2,839 | - |
| Change in cash | - | -€123,352 | €85,325 | -€23,021 | -€27,874 | -€137,633 | -€105,944 | -€87,497 | ▲ 17.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00317171 |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00301521 |
| 31-12-2023 | abbreviated format | 20-06-2024 | 2024-00144560 |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00277540 |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20239077 |
| 31-12-2020 | abbreviated format | 27-07-2021 | 2021-40700282 |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-34800189 |
| 31-12-2018 | abbreviated format | 15-07-2019 | 2019-33100194 |
| 31-12-2017 | abbreviated format | 06-07-2018 | 2018-30200152 |
| 31-12-2016 | abbreviated format | 11-08-2017 | 2017-43200377 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Francisco JIMENEZ PADILLA |
|
Owners and capital
Owners
1 ownerChain of control
- TIJDLIJN
- LIGHTPLUS
Highest known parent: TIJDLIJN. The sources do not say who stands above it.
Owners 1
- TIJDLIJNparent99.99%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 23-11-2023 Converted to unavailable equity · €77,000
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-11
Gazette deed
Resignation: Francisco JIMENEZ PADILLA (manager)Appointment: Francisco JIMENEZ PADILLA (director) · Amendment of the articles · Capital conversion13 facts ▸
- General meeting, 20-11-2023
- Amendment of the articles (3 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening en middelen beschikbaar maken voor uitkering, TWEEDE BESLISSING(vervolg)” (deed in Dutch)
- Registered office clause, “Wissenstraat 17,9200 Dendermonde, DERDE BESLISSING” (deed in Dutch)
- Other provision, “elektronisch aandelenregister, mogelijkheid invoegen om aandelenregister elektronisch bij te houden” (deed in Dutch)
- Other provision, “elektronische algemene vergadering en besluitvorming, mogelijkheid voorzien om via elektronische weg te vergaderen en te besluiten” (deed in Dutch)
- Other provision, “interim-dividenden, mogelijkheid invoegen om te beslissen tot uitkeringen van interim-dividenden” (deed in Dutch)
- Director resignation, Francisco JIMENEZ PADILLA (manager (not named in the articles))
- Director appointment, Francisco JIMENEZ PADILLA (director (not named in the articles))
- Director discharge, Francisco JIMENEZ PADILLA
- Power of attorney
- +1 further fact in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42002B0602/00B000 | Flanders | 3,820 m² | 1 · 1,413 m² | 9.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het maken van alle studies en onderzoeken,het verrichten van marktonderzoek,promotie,raadgeving,prospectie,en techno-consult,inzake…” (deed in Dutch)
11 activities (deed in Dutch)
- Het maken van alle studies en onderzoeken,het verrichten van marktonderzoek,promotie,raadgeving,prospectie,en techno-consult,inzake marketing en distributie
- Het onderzoek naar nieuwe structuren en/of technieken toepasbaar in de marketing en distributie en ruilhandel
- Het verlenen van alle juridische adviezen
- De businessconsulting in de meest ruime betekenis waaronder ondermeer de financiële analyse,financieringsevaluatie,strategische planning,partner search en het adviseren bij de herstructurering van bedrijven en de administratieve organisatie van ondernemingen
- De waardebepaling van ondernemingen en het bemiddelen inzake aan- en verkoop van ondernemingen en aandelen en het verlenen van elke bijstand bij zulke transacties
- Het invorderen van facturen of openstaande vorderingen in opdracht van derden(incasso)
- In België als in het buitenland,voor eigen rekening als voor rekening van derden,de in- en uitvoer,de promotie en vertegenwoordiging,de huur en verhuring,herstelling en plaatsing van,en de groot- en kleinhandel in alle uitrustingsgoederen voor ondernemingen en vrije beroepen
- De handel in al haar vormen,hetzij als commissionair,consignataris,trader,expediteur of anderszins,van alle producten,goederen,grondstoffen en waren in de handel
- Alle commerciële,industriële en financiële activiteiten en alle onroerend en roerend goed verhandelingen uitvoeren,die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of deze activiteiten die haar zullen toelaten voordeel te halen voor haar ontwikkeling
- De leiding en het toezicht,in haar hoedanigheid van bestuurder,vereffenaar of anderszins,kunnen uitoefenen over,en advies verschaffen aan aanverwante ondernemingen en dochtervennootschappen
- Bij wijze van inbreng in speciën of in natura,fusie,onderschrijving,deelneming,financiële tussenkomst of anderszins,belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen,in België of in het buitenland,waarvan het voorwerp verwant of analoog is met het hare of van aard haar voorwerp te bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LIGHTPLUS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders, met of zonder beperking van duur” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie-,reis-en verplaatsingskosten” (deed in Dutch)“Steeds voor duur vennootschap, slechts bij eenparige beslissing alle aandeelhouders inclusief bestuurder zelf indien aandeelhouder,of bij…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Drie laatst opgemaakte jaarrekeningen met niet uitgedrukte meer-en minderwaarden en evolutie vermogen sedertdien, een door koper,een door…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Per e-mail,voor personen zonder e-mailadres per gewone post op zelfde dag als e-mails, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)1 more provision on this in the deed