Lightstream
ActiveSummary
Lightstream has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €21k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 31% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+13
Solvency57▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.11 in 2024; short-term debt: 66.7% and cash: 7.7% of total assets), and 67.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
32.2%
Return on assets
6.7%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
11 d early
2024
41 d early
2023
30 d late
2022
51 d late
2021
17 d early
2020
17 d early
2019
54 d late
← 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
€99k▲ 7.6%
2024 · €92k
2019: €44klowest in 7 years
2020: €51k▲ +17.6% vs 2019
2021: €115k▲ +123% vs 2020highest in 7 years
2022: €98k▼ -14.9% vs 2021
2023: €95k▼ -2.7% vs 2022
2024: €92k▼ -3.2% vs 2023
2025: €99k▲ +7.6% vs 2024
2019 → 2025
Total assets
€307k▲ 9.4%
2024 · €281k
2019: €110klowest in 7 years
2020: €120k▲ +8.3% vs 2019
2021: €280k▲ +134% vs 2020
2022: €211k▼ -24.6% vs 2021
2023: €250k▲ +18.4% vs 2022
2024: €281k▲ +12.4% vs 2023
2025: €307k▲ +9.4% vs 2024highest in 7 years
2019 → 2025
Net result
€21k▲ 196%
2024 · €7k
2019: €4k
2020: €8k▲ +105% vs 2019
2021: €23k▲ +204% vs 2020highest in 7 years
2022: €-7k▼ -131% vs 2021lowest in 7 years
2023: €7k▲ +203% vs 2022
2024: €7k▼ -5.9% vs 2023
2025: €21k▲ +196% vs 2024
2019 → 2025
Working capital
€2k▼ 90.5%
2024 · €18k
2019: €-38klowest in 7 years
2020: €-8k▲ +78.9% vs 2019
2021: €73k▲ +998% vs 2020highest in 7 years
2022: €16k▼ -77.7% vs 2021
2023: €8k▼ -48.9% vs 2022
2024: €18k▲ +116% vs 2023
2025: €2k▼ -90.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€98k▼ 14.9%€95k▼ 2.7%€92k▼ 3.2%€99k▲ 7.6%
2021: €115khighest in 5 years
2022: €98k▼ -14.9% vs 2021
2023: €95k▼ -2.7% vs 2022
2024: €92k▼ -3.2% vs 2023lowest in 5 years
2025: €99k▲ +7.6% vs 2024
Operating result€28k-€-4k€19k€20k▲ 7.5%€37k▲ 85.9%
2021: €28k
2022: €-4k▼ -114% vs 2021lowest in 5 years
2023: €19k▲ +572% vs 2022
2024: €20k▲ +7.5% vs 2023
2025: €37k▲ +85.9% vs 2024highest in 5 years
Net result€23k-€-7k€7k€7k▼ 5.9%€21k▲ 196%
2021: €23khighest in 5 years
2022: €-7k▼ -131% vs 2021lowest in 5 years
2023: €7k▲ +203% vs 2022
2024: €7k▼ -5.9% vs 2023
2025: €21k▲ +196% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 86% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307k
Fixed assets
€101k ▲ 2.0%
Current assets
€207k ▲ 13.4%
Equity and liabilities €307k
Equity
€99k ▲ 7.6%
Debt
€208k ▲ 10.3%
Debt's share of the balance-sheet total rises from 67.3% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €58k
Cash flow
€64k▲
2024 · €45k
Current ratio
1.01▼
2024 · 1.11
Debt to equity
2.10▲
2024 · 2.05
ROE
20.7%▲
2024 · 7.5%
ROA
6.7%▲
2024 · 2.5%
Interest coverage
5.77▲
2024 · 4.85
Debt ≤ 1 year
€205k▲
2024 · €164k
Income taxes
€3k▲
2024 · €1k
Staff costs
€215k▲
2024 · €203k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€281k€307k▲
Fixed assets21/28€99k€101k▲
Intangible fixed assets21€62k€51k▼
Tangible fixed assets22/27€27k€40k▲
Land and buildings22€6k€4k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€17k€31k▲
Financial fixed assets28€9k€9k▲
Current assets29/58€182k€207k▲
Amounts receivable within one year40/41€148k€171k▲
Trade receivables40€146k€169k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€22k€24k▲
Deferred charges and accrued income490/1€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€281k€307k▲
Equity10/15€92k€99k▲
Contributions10/11€40k€40k=
Reserves13€206€206=
Distributable reserves133€206€206=
Profit (loss) carried forward14€42k€59k▲
Investment grants15€10k-
Amounts payable17/49€189k€208k▲
Amounts payable after more than one year17€15k-
Financial debts170/4€15k-
Amounts payable within one year42/48€164k€205k▲
Current portion of amounts payable after more than one year42€19k€15k▼
Financial debts43€59k€35k▼
Credit institutions430/8-€25k
Other loans439€59k€10k▼
Trade debts44€15k€40k▲
Suppliers440/4€15k€40k▲
Taxes, remuneration and social security45€49k€90k▲
Taxes450/3€23k€40k▲
Remuneration and social security454/9€26k€49k▲
Other amounts payable47/48€22k€25k▲
Accrued charges and deferred income492/3€10k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€203k€215k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€43k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€262k€297k▲
Operating profit (loss)9901€20k€37k▲
Financial income75/76B€65€21▼
Recurring financial income75€65€21▼
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€8k€24k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€7k€21k▲
Profit (loss) for the period to be appropriated9905€7k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€62k▲
Profit (loss) brought forward from the previous period14P€35k€42k▲
Profit to be distributed694/7-€4k
Return on contributions (dividend)694-€4k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6k | €7k | €146k | €203k | €215k | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €40k | €51k | €38k | €43k | ▲ 13.1% |
| Other operating charges640/8 | €952 | €923 | €3k | €1k | €2k | ▲ 39.0% |
| Gross operating margin9900 | €60k | €44k | €218k | €262k | €297k | ▲ 13.3% |
| Operating profit (loss)9901 | €28k | €-4k | €19k | €20k | €37k | ▲ 85.9% |
| Financial income75/76B | €14 | €6 | €29 | €65 | €21 | ▼ 66.8% |
| Recurring financial income75 | €14 | €6 | €29 | €65 | €21 | ▼ 66.8% |
| Financial charges65/66B | €3k | €3k | €11k | €12k | €14k | ▲ 16.1% |
| Recurring financial charges65 | €3k | €3k | €11k | €12k | €14k | ▲ 16.1% |
| Profit (loss) for the period before taxes9903 | €26k | €-7k | €8k | €8k | €24k | ▲ 187% |
| Income taxes67/77 | €2k | €168 | €309 | €1k | €3k | ▲ 135% |
| Profit (loss) for the period9904 | €23k | €-7k | €7k | €7k | €21k | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €23k | €-7k | €7k | €7k | €21k | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €280k | €211k | €250k | €281k | €307k | ▲ 9.4% |
| Fixed assets21/28 | €106k | €129k | €121k | €99k | €101k | ▲ 2.0% |
| Intangible fixed assets21 | €98k | €118k | €90k | €62k | €51k | ▼ 17.9% |
| Tangible fixed assets22/27 | €7k | €10k | €23k | €27k | €40k | ▲ 46.7% |
| Land and buildings22 | - | €3k | €9k | €6k | €4k | ▼ 32.2% |
| Plant, machinery and equipment23 | €818 | €873 | €4k | €4k | €4k | ▲ 7.1% |
| Furniture and vehicles24 | €6k | €6k | €10k | €17k | €31k | ▲ 86.4% |
| Financial fixed assets28 | €1k | €1k | €9k | €9k | €9k | ▲ 4.0% |
| Current assets29/58 | €174k | €82k | €128k | €182k | €207k | ▲ 13.4% |
| Amounts receivable within one year40/41 | €87k | €43k | €103k | €148k | €171k | ▲ 16.1% |
| Trade receivables40 | €55k | €38k | €93k | €146k | €169k | ▲ 15.7% |
| Other amounts receivable41 | €32k | €5k | €10k | €1k | €2k | ▲ 59.6% |
| Cash at bank and in hand54/58 | €82k | €34k | €3k | €22k | €24k | ▲ 6.5% |
| Deferred charges and accrued income490/1 | €4k | €5k | €23k | €12k | €11k | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €280k | €211k | €250k | €281k | €307k | ▲ 9.4% |
| Equity10/15 | €115k | €98k | €95k | €92k | €99k | ▲ 7.6% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €40k | = |
| Reserves13 | €206 | €206 | €206 | €206 | €206 | = |
| Non-distributable reserves130/1 | €206 | €206 | - | - | - | - |
| Reserves not available under the articles1311 | €206 | €206 | - | - | - | - |
| Distributable reserves133 | - | - | €206 | €206 | €206 | = |
| Profit (loss) carried forward14 | €35k | €27k | €35k | €42k | €59k | ▲ 40.7% |
| Investment grants15 | €40k | €30k | €20k | €10k | - | - |
| Amounts payable17/49 | €165k | €113k | €155k | €189k | €208k | ▲ 10.3% |
| Amounts payable after more than one year17 | €57k | €42k | €27k | €15k | - | - |
| Financial debts170/4 | €57k | €42k | €27k | €15k | - | - |
| Amounts payable within one year42/48 | €101k | €66k | €120k | €164k | €205k | ▲ 24.6% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €15k | €19k | €15k | ▼ 23.3% |
| Financial debts43 | €2k | €5k | €18k | €59k | €35k | ▼ 40.7% |
| Credit institutions430/8 | - | - | €18k | - | €25k | - |
| Other loans439 | €2k | €5k | - | €59k | €10k | ▼ 83.0% |
| Trade debts44 | €56k | €13k | €24k | €15k | €40k | ▲ 174% |
| Suppliers440/4 | €56k | €13k | €24k | €15k | €40k | ▲ 174% |
| Taxes, remuneration and social security45 | - | €7k | €43k | €49k | €90k | ▲ 81.4% |
| Taxes450/3 | - | €6k | €21k | €23k | €40k | ▲ 72.8% |
| Remuneration and social security454/9 | - | €874 | €22k | €26k | €49k | ▲ 89.1% |
| Other amounts payable47/48 | €29k | €25k | €20k | €22k | €25k | ▲ 14.4% |
| Accrued charges and deferred income492/3 | €7k | €5k | €8k | €10k | €3k | ▼ 64.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €-7k | €7k | €7k | €21k | ▲ 196% |
| + Depreciation and write-downs630 | €24k | €40k | €51k | €38k | €43k | ▲ 13.1% |
| Operating cash flow (approximation) | €48k | €33k | €58k | €45k | €64k | ▲ 41.3% |
| Investment in fixed assets (approximation) | - | €-63k | €-43k | €-15k | €-45k | ▼ 196% |
| Change in cash | - | €-48k | €-31k | €19k | €1k | ▼ 92.5% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €23k ▲204%
Net result €23k, the highest in the series.
31-12
Financial
Equity above €100kEq €115k ▲123%
3 profitable years in a row build equity to €115k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gavere · 2 establishment units since 2019
Ground area
3,678 m²
Building footprint
1,758 m²
Volume, LiDAR
9,576 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Lightstream
since 20192.284.564.091
Steenweg Deinze 150, 9810 Nazareth-De Pinte
since 20192.296.771.245
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048G0437/00R000 | Flanders | 3,072 m² | 1 · 1,625 m² | 7.9 m · 2 fl. |
| 44060A0642/00K000 | Flanders | 605 m² | 1 · 132 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 5 entries · 15,906 EUR awarded · 15,787 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,709 EUR | 5,590 EUR |
| 2024 | 1 | 9,000 EUR | 9,000 EUR |
| 2023 | 1 | 747 EUR | 747 EUR |
| 2022 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,236 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
Founded08-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.