LIGHTWORK
ActiveSummary
LIGHTWORK has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,639 and a net result of €14,548. Equity is shrinking by about 8.5% per year across the filed financial years. Its solvency ranks better than 69% of 17,080 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €25,639
- Profit
- €14,548
Why 92raises riskSize: total assets €46,558lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.69, cash €6,341Figures for financial year 2025 (filed 31-07-2026)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 68, micro): better than 68% on solvency, 44% on liquidity, 95% on profitability and 93% on growth.
The bankruptcy probability was computed on 29-10-2026 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 7 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €14,548 ▲347%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is nearly 4.1 times 2024 and is the highest result in the available series.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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).
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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 26,972 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €44 | €0 | €2,428 | €7,170 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,324 | €2,954 | €4,638 | €4,213 | €3,091 | €3,182 | €5,149 | ▲ 61.8% |
| Other operating charges640/8 | - | - | €2,420 | €1,165 | €4,303 | €1,889 | €1,571 | ▼ 16.9% |
| Non-recurring operating charges66A | - | - | €150 | €0 | - | - | - | - |
| Gross operating margin9900 | €8,576 | €11,706 | €3,286 | €10,250 | -€8,109 | €9,194 | €23,528 | ▲ 156% |
| Operating profit (loss)9901 | €3,035 | €6,890 | -€3,922 | €4,872 | -€15,504 | €4,122 | €16,808 | ▲ 308% |
| Financial income75/76B | - | - | €415 | €14 | €64 | €19 | €244 | ▲ 13× |
| Recurring financial income75 | €54 | €153 | €415 | €14 | €64 | €19 | €244 | ▲ 13× |
| Financial charges65/66B | - | - | €5,784 | €133 | €79 | €767 | €1,230 | ▲ 60.2% |
| Recurring financial charges65 | €69 | €98 | €5,784 | €133 | €79 | €767 | €1,230 | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €3,020 | €6,946 | -€9,291 | €4,753 | -€15,518 | €3,374 | €15,822 | ▲ 369% |
| Income taxes67/77 | €754 | €1,317 | - | - | - | €122 | €1,274 | ▲ 944% |
| Profit (loss) for the period9904 | €2,266 | €5,629 | -€9,291 | €4,753 | -€15,518 | €3,252 | €14,548 | ▲ 347% |
| Profit (loss) for the period to be appropriated9905 | €2,266 | €5,629 | -€9,291 | €4,753 | -€15,518 | €3,252 | €14,548 | ▲ 347% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €307,915 | €423,615 | €89,271 | €34,904 | €20,312 | €35,201 | €46,558 | ▲ 32.3% |
| Fixed assets21/28 | €6,292 | €15,879 | €13,035 | €8,822 | €4,530 | €15,861 | €14,829 | ▼ 6.5% |
| Tangible fixed assets22/27 | €6,292 | €15,879 | €13,035 | €8,822 | €4,530 | €15,861 | €14,709 | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | €7,095 | €4,581 | €1,990 | €1,071 | €3,507 | ▲ 227% |
| Furniture and vehicles24 | - | - | €5,941 | €4,241 | €2,541 | €14,790 | €11,202 | ▼ 24.3% |
| Financial fixed assets28 | - | - | - | - | - | - | €120 | - |
| Current assets29/58 | €301,623 | €407,736 | €76,235 | €26,082 | €15,782 | €19,340 | €31,730 | ▲ 64.1% |
| Stocks and contracts in progress3 | €213,985 | €317,814 | €53,306 | €0 | - | €309 | €2,210 | ▲ 615% |
| Stocks30/36 | - | - | €53,306 | €0 | - | - | €323 | - |
| Contracts in progress37 | - | - | - | - | - | €309 | €1,887 | ▲ 511% |
| Amounts receivable within one year40/41 | €35,706 | €20,262 | €13,105 | €10,857 | €10,108 | €10,757 | €11,487 | ▲ 6.8% |
| Trade receivables40 | - | - | €1,340 | €234 | €108 | - | €217 | - |
| Other amounts receivable41 | - | - | €11,764 | €10,623 | €10,000 | €10,757 | €11,270 | ▲ 4.8% |
| Cash at bank and in hand54/58 | €17,876 | €6,936 | €7,926 | €14,027 | €4,242 | €6,622 | €6,341 | ▼ 4.2% |
| Deferred charges and accrued income490/1 | - | - | €1,898 | €1,198 | €1,432 | €1,652 | €11,692 | ▲ 608% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €307,915 | €423,615 | €89,271 | €34,904 | €20,312 | €35,201 | €46,558 | ▲ 32.3% |
| Equity10/15 | €22,266 | €27,894 | €18,604 | €23,357 | €7,839 | €11,091 | €25,639 | ▲ 131% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €2,266 | €7,894 | -€1,396 | €3,357 | -€12,161 | -€8,909 | €5,639 | - |
| Amounts payable17/49 | €285,649 | €395,721 | €70,667 | €11,547 | €12,473 | €24,110 | €20,919 | ▼ 13.2% |
| Amounts payable after more than one year17 | €95,000 | €95,000 | - | - | - | €6,485 | €1,679 | ▼ 74.1% |
| Financial debts170/4 | - | - | - | - | - | €6,485 | €1,679 | ▼ 74.1% |
| Amounts payable within one year42/48 | €182,482 | €287,540 | €70,667 | €11,531 | €12,392 | €16,891 | €18,785 | ▲ 11.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €4,607 | €4,806 | ▲ 4.3% |
| Financial debts43 | - | - | - | €30 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €30 | €0 | - | - | - |
| Trade debts44 | €7,459 | €819 | €18,383 | €447 | €259 | €253 | €742 | ▲ 194% |
| Suppliers440/4 | - | - | €18,383 | €447 | €259 | €253 | €742 | ▲ 194% |
| Advances received on contracts in progress46 | - | - | €40,446 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €392 | €122 | €1,274 | ▲ 944% |
| Taxes450/3 | - | - | - | - | €392 | €122 | €1,274 | ▲ 944% |
| Other amounts payable47/48 | - | - | €11,837 | €11,055 | €11,741 | €11,910 | €11,963 | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | - | - | €15 | €81 | €734 | €455 | ▼ 38.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,266 | €5,629 | -€9,291 | €4,753 | -€15,518 | €3,252 | €14,548 | ▲ 347% |
| + Depreciation and write-downs630 | €4,324 | €2,954 | €4,638 | €4,213 | €3,091 | €3,182 | €5,149 | ▲ 61.8% |
| Operating cash flow (approximation) | €6,590 | €8,583 | -€4,652 | €8,967 | -€12,426 | €6,434 | €19,697 | ▲ 206% |
| Investment in fixed assets (approximation) | - | -€12,542 | -€1,794 | €0 | €1,200 | -€14,513 | -€4,116 | ▲ 71.6% |
| Change in cash | - | -€10,940 | €991 | €6,101 | -€9,785 | €2,380 | -€281 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00364975 |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00184711 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00434696 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00426922 |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20303776 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58400326 |
| 31-12-2019 | micro format | 06-07-2020 | 2020-25900547 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €495 awarded · €495 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €90 | €90 |
| 2022 | 1 | €405 | €405 |
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 |
|---|---|
| COEN Stephane Elisabeth Jean |
|
Owners and capital
Capital and shareholders
- 28-12-2023 Converted to unavailable equity
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
28-12
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Name · Resignations & appointmentsResignation: COEN Stephane Elisabeth Jean (manager) · Appointment: COEN Stephane Elisabeth Jean (director) · Incorporation17 facts ▸
- Incorporation, 02-08-2018
- General meeting, 13-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffen” (deed in Dutch)
- Other provision, “goedkeuring bijzonder verslag bestuursorgaan over voorwerpwijziging, Derde beslissing” (deed in Dutch)
- Other provision, “enige aandeelhouder, kennisname stukken en verzaking toezending” (deed in Dutch)
- Purpose change
- Name change, Lightwork
- Capital
- Power of attorney
- Other provision, “zorgen ondergetekende notaris, coördinatie statuten” (deed in Dutch)
- +5 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0700.621.892
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024B0338/00P004 | Flanders | 1,404 m² | 1 · 265 m² | 9.6 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren van algemene bouw-,verbouw- en renovatiewerkzaamheden van alle soorten gebouwen,zowel residentieel als professioneel,zowel…” (deed in Dutch)
37 activities (deed in Dutch)
- Het uitvoeren van algemene bouw-,verbouw- en renovatiewerkzaamheden van alle soorten gebouwen,zowel residentieel als professioneel,zowel traditioneel als niet-traditioneel(prefab,houtskelet,…),inclusief “sleutel-op-de-deur” oplossingen.
- Het aanleggen en onderhouden van elektrotechnische en sanitaire installaties.
- Het uitvoeren van stukadoors- en chapewerkzaamheden.
- Het uitvoeren van algemene dakwerkzaamheden.
- Het uitvoeren van werken inzake glaszetting.
- De plaatsing van buiten- of binnenschrijnwerk van hout,kunststof,metaal of andere materialen(binnen- en buitendeuren,brandwerende deuren,vensters,serres,veranda's,kozijnen,trappen,muurkasten,keukens,winkelinrichting,…),inclusief alle werkzaamheden inzake glaszetting.
- Het aanbrengen in gebouwen en andere bouwwerken van thermisch isolatiemateriaal en isolatiemateriaal tegen geluid en trillingen.
- De uitvoeringen van alle vormen van binnenafwerking:installatie van al dan niet verplaatsbare tussenwanden,tussenwanden van gipsplaten,bekleding van wanden en plafonds met tegels en andere materialen,schilderwerken,…).
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,… van hout,kunststof,metaal of andere materialen.
- De uitvoering van het slopen van gebouwen en overige gespecialiseerde bouwwerkzaamheden.
- De uitvoering van aanleg en onderhoud van tuinen en parken en andere diensten voor particuliere en openbare woningbouw,industriële,commerciële en overige gebouwen.
- Industriële reiniging van alle soorten gebouwen.
- De groot- en kleinhandel in bouwmaterialen,machines,ijzerwaren en gereedschappen
- Verhuur van bouwmachines
- Alle onroerende verrichtingen en handelingen inzonderheid de verkrijging,en meer in het bijzonder de aankoop,ruil,verdeling of inbetalinggeving,van alle welk danige onroerende goederen en onroerende zakelijke rechten,al dan niet met het oog op wederverkoop of verhuring,en de daaropvolgende vervreemding of overdracht van de gezegde onroerende goederen of onroerende zakelijke rechten,inzonderheid de verkoop,ruil,verdeling,inbetalinggeving of inbreng in vennootschap,alsook de vestiging van alle onroerende zakelijke rechten en de verhuring van de gezegde goederen,het verrichten,het uitvoeren,promoten,coördineren voor eigen rekening of voor rekening van derden van alle onroerende projecten,zowel residentiële als niet-residentiële,inzonderheid doch niet limitatief verkavelingen van alle aard,appartementsgebouwen en andere complexen,sociale woningen alsook(niet-)overdekte staanplaatsen en garages,kortom alle vastgoedverrichtingen in de breedste zin van het woord;de studie,het ontwerpen,ontwikkelen,promoten en begeleiden van vastgoedprojecten allerhande;het participeren in alle vastgoedprojecten in binnen- en buitenland.
- Het beleggen,intekenen op,kopen,verkopen,verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen,al dan niet onder de vorm van handelsvennootschappen,administratiekantoren,instellingen en verenigingen,al dan niet met een geheel of gedeeltelijk publiekrechtelijk statuut;het beheren van deze participaties en beleggingen.
- Het verstrekken van advies,opleiding en alle overige diensten met betrekking tot deze activiteiten en optreden als adviseur en coördinator bij de uitvoering ervan.
- Bemiddeling in en beheer van onroerend goed voor rekening van derden.
- Bemiddeling in onroerend goed.
- Bemiddeling bij aankoop,verkoop en verhuur van onroerend goed.
- Schatten en evalueren van onroerend goed.
- Beheer van onroerend goed.
- Het verlenen,in opdracht van de eigenaar of de mede-eigenaars,van alle diensten die noodzakelijk zijn voor het behoorlijk functioneren van de gebouwen waarvan het beheer wordt waargenomen.Het innen van huur.
- Bemiddeling bij aankoop,verkoop en verhuur van handelsfondsen.
- Bemiddeling bij aankoop,verkoop en verhuur van land- en tuinbouwbedrijven.
- Bemiddeling bij aankoop,verkoop en verhuur van vergunningen.
- Werkzaamheden als syndicus of rentmeester
- De uitoefening van de functie van veiligheidscoördinator bij bouwwerken en verbouwingswerken
- Het geven van opleidingen en coaching in persoonlijke ontwikkeling,communicatie,loopbaanbegeleiding,het organiseren van events en verblijven in binnen- en buitenland.
- Organiseren,in de meest ruime zin van het woord,van binnenlandse en buitenlandse reizen en retraites.
- Opleidingen,in de meest ruime zin van het woord,aan life coaches,ondernemers,leidinggevende en particulieren.
- Opleidingen en coaching aan bedrijven in de meest ruime zin van het woord.
- Organisatie van voordrachten en lezingen in de meest ruime zin van het woord.
- Aan - en verkoop van goederen in de persoonlijke ontwikkeling sfeer:gadgets,didactisch materiaal,boeken,audio- en video.
- Organisatie en verkoop van opleidingen en workshops omtrent lifestyle,geestelijke gezondheid.
- Het organiseren van bedrijfsfeesten,beurzen,reizen en optredens in binnen en buitenland.
- Verhuren van zalen aan derden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Lightwork
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1” (deed in Dutch)“Kan bijzondere machten toekennen aan elke mandataris, iedere bestuurder vertegenwoordigt vennootschap jegens derden en in rechte als eiser…” (deed in Dutch)“Algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering beslissend met absolute meerderheid of enige…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meer kopers, elke overdracht onder…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed