LIGHTWORK
ActiveSummary
LIGHTWORK has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €15k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+20
Solvency80▲+23
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.14 in 2024; short-term debt: 40.3% and cash: 13.6% of total assets), and 44.9% of the assets are financed with debt.
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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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.1%
Return on assets
31.2%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €26k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
34 d early
2023
30 d late
2022
31 d late
2021
19 d late
2020
31 d late
2019
25 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€26k▲ 131%
2024 · €11k
Total assets
€47k▲ 32.3%
2024 · €35k
Net result
€15k▲ 347%
2024 · €3k
Working capital
€13k▲ 429%
2024 · €2k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-4k€5k€-16k€4k€17k▲ 308%
Net result€-9k€5k€-16k€3k€15k▲ 347%
Equity€19k▼ 33.3%€23k▲ 25.5%€8k▼ 66.4%€11k▲ 41.5%€26k▲ 131%
Total assets€89k▼ 78.9%€35k▼ 60.9%€20k▼ 41.8%€35k▲ 73.3%€47k▲ 32.3%
Debt€71k▼ 82.1%€12k▼ 83.7%€12k▲ 8.0%€24k▲ 93.3%€21k▼ 13.2%
Working capital€6k▼ 95.4%€15k▲ 161%€3k▼ 76.7%€2k▼ 27.8%€13k▲ 429%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 308% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€15k ▼ 6.5%
Current assets
€32k ▲ 64.1%
Equity and liabilities €47k
Equity
€26k ▲ 131%
Debt
€21k ▼ 13.2%
Debt's share of the balance-sheet total falls from 68.5% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €7k
Cash flow
€20k▲
2024 · €6k
Current ratio
1.69▲
2024 · 1.14
Quick ratio
1.57▲
2024 · 1.13
Debt to equity
0.82▼
2024 · 2.17
ROE
56.7%▲
2024 · 29.3%
ROA
31.2%▲
2024 · 9.2%
Interest coverage
17.86▲
2024 · 9.52
Debt ≤ 1 year
€19k▲
2024 · €17k
Debt > 1 year
€2k▼
2024 · €6k
Income taxes
€1k▲
2024 · €122
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €44 | €0 | €2k | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €3k | €3k | €5k | ▲ 61.8% |
| Other operating charges640/8 | €2k | €1k | €4k | €2k | €2k | ▼ 16.9% |
| Non-recurring operating charges66A | €150 | €0 | - | - | - | - |
| Gross operating margin9900 | €3k | €10k | €-8k | €9k | €24k | ▲ 156% |
| Operating profit (loss)9901 | €-4k | €5k | €-16k | €4k | €17k | ▲ 308% |
| Financial income75/76B | €415 | €14 | €64 | €19 | €244 | ▲ 1,205% |
| Recurring financial income75 | €415 | €14 | €64 | €19 | €244 | ▲ 1,205% |
| Financial charges65/66B | €6k | €133 | €79 | €767 | €1k | ▲ 60.2% |
| Recurring financial charges65 | €6k | €133 | €79 | €767 | €1k | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €-9k | €5k | €-16k | €3k | €16k | ▲ 369% |
| Income taxes67/77 | - | - | - | €122 | €1k | ▲ 944% |
| Profit (loss) for the period9904 | €-9k | €5k | €-16k | €3k | €15k | ▲ 347% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €5k | €-16k | €3k | €15k | ▲ 347% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €35k | €20k | €35k | €47k | ▲ 32.3% |
| Fixed assets21/28 | €13k | €9k | €5k | €16k | €15k | ▼ 6.5% |
| Tangible fixed assets22/27 | €13k | €9k | €5k | €16k | €15k | ▼ 7.3% |
| Plant, machinery and equipment23 | €7k | €5k | €2k | €1k | €4k | ▲ 227% |
| Furniture and vehicles24 | €6k | €4k | €3k | €15k | €11k | ▼ 24.3% |
| Financial fixed assets28 | - | - | - | - | €120 | - |
| Current assets29/58 | €76k | €26k | €16k | €19k | €32k | ▲ 64.1% |
| Stocks and contracts in progress3 | €53k | €0 | - | €309 | €2k | ▲ 615% |
| Stocks30/36 | €53k | €0 | - | - | €323 | - |
| Contracts in progress37 | - | - | - | €309 | €2k | ▲ 511% |
| Amounts receivable within one year40/41 | €13k | €11k | €10k | €11k | €11k | ▲ 6.8% |
| Trade receivables40 | €1k | €234 | €108 | - | €217 | - |
| Other amounts receivable41 | €12k | €11k | €10k | €11k | €11k | ▲ 4.8% |
| Cash at bank and in hand54/58 | €8k | €14k | €4k | €7k | €6k | ▼ 4.2% |
| Deferred charges and accrued income490/1 | €2k | €1k | €1k | €2k | €12k | ▲ 608% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €35k | €20k | €35k | €47k | ▲ 32.3% |
| Equity10/15 | €19k | €23k | €8k | €11k | €26k | ▲ 131% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-1k | €3k | €-12k | €-9k | €6k | ▲ 163% |
| Amounts payable17/49 | €71k | €12k | €12k | €24k | €21k | ▼ 13.2% |
| Amounts payable after more than one year17 | - | - | - | €6k | €2k | ▼ 74.1% |
| Financial debts170/4 | - | - | - | €6k | €2k | ▼ 74.1% |
| Amounts payable within one year42/48 | €71k | €12k | €12k | €17k | €19k | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5k | €5k | ▲ 4.3% |
| Financial debts43 | - | €30 | €0 | - | - | - |
| Credit institutions430/8 | - | €30 | €0 | - | - | - |
| Trade debts44 | €18k | €447 | €259 | €253 | €742 | ▲ 194% |
| Suppliers440/4 | €18k | €447 | €259 | €253 | €742 | ▲ 194% |
| Advances received on contracts in progress46 | €40k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €392 | €122 | €1k | ▲ 944% |
| Taxes450/3 | - | - | €392 | €122 | €1k | ▲ 944% |
| Other amounts payable47/48 | €12k | €11k | €12k | €12k | €12k | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | €15 | €81 | €734 | €455 | ▼ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €5k | €-16k | €3k | €15k | ▲ 347% |
| + Depreciation and write-downs630 | €5k | €4k | €3k | €3k | €5k | ▲ 61.8% |
| Operating cash flow (approximation) | €-5k | €9k | €-12k | €6k | €20k | ▲ 206% |
| Investment in fixed assets (approximation) | - | €0 | €1k | €-15k | €-4k | ▲ 71.6% |
| Change in cash | - | €6k | €-10k | €2k | €-281 | ▼ 112% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €15k ▲347%
Operating result €17k, net result €15k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.26
Current ratio from 1.08 to 2.26; short-term debt falls from €71k to €12k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Kontich · 1 establishment unit since 2018
Ground area
1,404 m²
Building footprint
265 m²
Volume, LiDAR
1,084 m³
Parcel 11024B0338/00P004, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KONTIBO
since 20182.279.046.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0338/00P004 | Flanders | 1,404 m² | 1 · 265 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 · 2 entries · 495 EUR awarded · 495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 90 EUR | 90 EUR |
| 2022 | 1 | 405 EUR | 405 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 2,699 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
Founded03-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
68110Buying and selling of own real estate
43211General electrical installation work
43221Plumbing work
43310Plastering work
43343Specialised construction activities
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.