LR. Lighting
Open bankruptcyFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 30-01-2025 PDF all 4 filings
Turnover
≈ €190,000
Estimated: probably between €140,000 and €290,000
Total assets
€46,719▲ 14.3%
2023 · €40,874
Net result
-€4,090▲ 87.0%
2023 · -€31,389
Working capital
-€24,001▲ 24.2%
2023 · -€31,676
Multi-year overview
2021 to 2024, 4 financial yearsOperating result
€1,204
2024
20212024
Net result
-€4,090
▲ 87.0%
2024
lowest quarter of the sector
20212024
Equity
-€10,995
▼ 59.2%
2024
lowest quarter of the sector
20212024
Total assets
€46,719
▲ 14.3%
2024
lowest quarter of the sector
20212024
Debt
€57,714
▲ 20.8%
2024
20212024
Working capital
-€24,001
▲ 24.2%
2024
lowest quarter of the sector
20212024
Solvency
-23.5%
▼ 6.6pp
2024
lowest quarter of the sector
20212024
Current ratio
0.58
▲ 0.25
2024
lowest quarter of the sector
20212024
Return on assets (ROA)
-8.8%
▲ 68.0pp
2024
lowest quarter of the sector
20212024
Staff (FTE)
1
=
2024
20212024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€38,905--€2,661-€26,114▼ 881%€1,204
Net result€25,503above the sector's middle half--€4,019within the sector's middle half-€31,389below the sector's middle half▼ 681%-€4,090below the sector's middle half▲ 87.0%
Equity€28,503within the sector's middle half-€24,483within the sector's middle half▼ 14.1%-€6,906below the sector's middle half-€10,995below the sector's middle half▼ 59.2%
Total assets€71,883within the sector's middle half-€68,534within the sector's middle half▼ 4.7%€40,874below the sector's middle half▼ 40.4%€46,719below the sector's middle half▲ 14.3%
Debt€43,380-€44,051▲ 1.5%€47,779▲ 8.5%€57,714▲ 20.8%
Working capital€17,378within the sector's middle half-€472within the sector's middle half▼ 97.3%-€31,676below the sector's middle half-€24,001below the sector's middle half▲ 24.2%
Solvency39.7%within the sector's middle half-35.7%within the sector's middle half▼ 3.9pp-16.9%below the sector's middle half▼ 52.6pp-23.5%below the sector's middle half▼ 6.6pp
Current ratio1.40within the sector's middle half-1.01within the sector's middle half▼ 0.390.33below the sector's middle half▼ 0.680.58below the sector's middle half▲ 0.25
Return on assets (ROA)35.5%above the sector's middle half--5.9%below the sector's middle half▼ 41.3pp-76.8%below the sector's middle half▼ 70.9pp-8.8%below the sector's middle half▲ 68.0pp
Staff (FTE)0-11=1=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 operating result for 2024 is a profit of €1,204, after a loss of €26,114 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46,719
Fixed assets
€13,006 ▼ 48.3%
Current assets
€33,713 ▲ 115%
Equity and liabilities
Equity-€10,995
Debt€57,714
Equity is negative. Debt (€57,714) exceeds the balance-sheet total (€46,719).
Key figures and ratios
EBITDA
€13,365▲
2023 · -€11,929
Cash flow
€8,071▲
2023 · -€17,204
Quick ratio
0.48▲
2023 · 0.16
Interest coverage
2.70▲
2023 · -2.38
Debt ≤ 1 year
€57,714▲
2023 · €47,383
Income taxes
€351▲
2023 · €266
Staff costs
€19,241▲
2023 · €18,074
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 | 0.5 |
| Average over the year, in full-time equivalents | 1 | 0.5 | 0.5 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | €22,920 | €17,544 | - |
| Depreciation and write-downs of the year | €10,033 | €14,185 | €12,161 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16,359 | €18,074 | €19,241 | ▲ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,243 | €10,033 | €14,185 | €12,161 | ▼ 14.3% |
| Other operating charges640/8 | - | €328 | €333 | €63 | ▼ 81.1% |
| Gross operating margin9900 | €54,442 | €24,059 | €6,477 | €32,669 | ▲ 404% |
| Operating profit (loss)9901 | €38,905 | -€2,661 | -€26,114 | €1,204 | - |
| Financial income75/76B | - | €412 | - | - | - |
| Recurring financial income75 | €219 | €412 | - | - | - |
| Financial charges65/66B | - | €1,386 | €5,009 | €4,943 | ▼ 1.3% |
| Recurring financial charges65 | €119 | €1,386 | €5,009 | €4,943 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €39,005 | -€3,635 | -€31,123 | -€3,739 | ▲ 88.0% |
| Income taxes67/77 | €13,502 | €385 | €266 | €351 | ▲ 31.6% |
| Profit (loss) for the period9904 | €25,503 | -€4,019 | -€31,389 | -€4,090 | ▲ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €25,503 | -€4,019 | -€31,389 | -€4,090 | ▲ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €71,883 | €68,534 | €40,874 | €46,719 | ▲ 14.3% |
| Fixed assets21/28 | €11,125 | €24,012 | €25,167 | €13,006 | ▼ 48.3% |
| Tangible fixed assets22/27 | €11,125 | €24,012 | €25,167 | €13,006 | ▼ 48.3% |
| Land and buildings22 | - | €2,795 | €2,132 | €1,864 | ▼ 12.6% |
| Plant, machinery and equipment23 | - | €7,303 | €15,348 | €5,849 | ▼ 61.9% |
| Furniture and vehicles24 | - | €7,540 | €2,907 | €2,107 | ▼ 27.5% |
| Other tangible fixed assets26 | - | €6,373 | €4,780 | €3,186 | ▼ 33.3% |
| Current assets29/58 | €60,758 | €44,523 | €15,707 | €33,713 | ▲ 115% |
| Stocks and contracts in progress3 | €9,567 | €5,198 | €8,325 | €5,971 | ▼ 28.3% |
| Stocks30/36 | - | €5,198 | €8,325 | €5,971 | ▼ 28.3% |
| Amounts receivable within one year40/41 | €34,058 | €27,765 | €3,353 | €25,623 | ▲ 664% |
| Trade receivables40 | - | €27,595 | €3,163 | €25,433 | ▲ 704% |
| Other amounts receivable41 | - | €170 | €190 | €190 | = |
| Cash at bank and in hand54/58 | €17,132 | €11,559 | €4,029 | €2,119 | ▼ 47.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €71,883 | €68,534 | €40,874 | €46,719 | ▲ 14.3% |
| Equity10/15 | €28,503 | €24,483 | -€6,906 | -€10,995 | ▼ 59.2% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €25,503 | €25,503 | €25,503 | €25,503 | = |
| Distributable reserves133 | - | €25,503 | €25,503 | €25,503 | = |
| Profit (loss) carried forward14 | - | -€4,019 | -€35,408 | -€39,498 | ▼ 11.6% |
| Amounts payable17/49 | €43,380 | €44,051 | €47,779 | €57,714 | ▲ 20.8% |
| Amounts payable within one year42/48 | €43,380 | €44,051 | €47,383 | €57,714 | ▲ 21.8% |
| Trade debts44 | €4,284 | €7,993 | €12,927 | €8,634 | ▼ 33.2% |
| Suppliers440/4 | - | €7,993 | €12,927 | €8,634 | ▼ 33.2% |
| Taxes, remuneration and social security45 | - | €8,506 | €13,882 | €11,152 | ▼ 19.7% |
| Taxes450/3 | - | €7,848 | €12,773 | €9,088 | ▼ 28.8% |
| Remuneration and social security454/9 | - | €658 | €1,110 | €2,064 | ▲ 86.0% |
| Other amounts payable47/48 | - | €27,553 | €20,574 | €37,928 | ▲ 84.3% |
| Accrued charges and deferred income492/3 | - | - | €396 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,503 | -€4,019 | -€31,389 | -€4,090 | ▲ 87.0% |
| + Depreciation and write-downs630 | €4,243 | €10,033 | €14,185 | €12,161 | ▼ 14.3% |
| Operating cash flow (approximation) | €29,746 | €6,014 | -€17,204 | €8,071 | - |
| Investment in fixed assets (approximation) | - | -€22,920 | -€15,340 | €0 | - |
| Change in cash | - | -€5,573 | -€7,530 | -€1,910 | ▲ 74.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.