LUCEDA
ActiveSummary
LUCEDA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€248,012. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-74
Solvency53▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 7.67 against 11.44 in 2024; short-term debt: 12.1% and cash: 26.8% of total assets), but 71.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-03-2026, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
60 d early
2023
58 d early
2022
67 d early
2021
60 d early
2020
55 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 fastest grower in Ghent, Telecoms and IT sector
Equity
€1.1m▼ 13.4%
2024 · €1.3m
Total assets
€3.9m▼ 9.4%
2024 · €4.3m
Net result
-€248,012
2024 · €563,694
Working capital
€3.1m▼ 14.3%
2024 · €3.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€361,378▼ 6.0%-€61,400€40,614€567,050▲ 1,296%-€127,730
Net result€304,466above the sector's middle half▼ 15.1%€16,188within the sector's middle half▼ 94.7%€3,180within the sector's middle half▼ 80.4%€563,694above the sector's middle half▲ 17,628%-€248,012below the sector's middle half
Equity€675,329above the sector's middle half▲ 82.1%€691,517above the sector's middle half▲ 2.4%€706,877above the sector's middle half▲ 2.2%€1.3mabove the sector's middle half▲ 79.7%€1.1mabove the sector's middle half▼ 13.4%
Total assets€2.4mabove the sector's middle half▲ 29.6%€2.1mabove the sector's middle half▼ 9.8%€4.7mabove the sector's middle half▲ 119%€4.3mabove the sector's middle half▼ 8.3%€3.9mabove the sector's middle half▼ 9.4%
Debt€1.7m▲ 16.1%€1.4m▼ 14.7%€4.0m▲ 175%€3.0m▼ 24.0%€2.8m▼ 7.7%
Working capital€1.8m▲ 17.4%€1.4m▼ 23.8%€4.0m▲ 191%€3.7m▼ 9.7%€3.1m▼ 14.3%
Solvency28.6%within the sector's middle half▲ 8.3pp32.5%within the sector's middle half▲ 3.9pp15.2%below the sector's middle half▼ 17.3pp29.7%within the sector's middle half▲ 14.6pp28.4%within the sector's middle half▼ 1.3pp
Staff (FTE)10.3within the sector's middle half▲ 83.9%11.3within the sector's middle half▲ 9.7%13above the sector's middle half▲ 15.0%17above the sector's middle half▲ 30.8%21.6above the sector's middle half▲ 27.1%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €127,730 after €567,050 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€272,316 ▲ 0.2%
Current assets
€3.6m ▼ 10.1%
Equity and liabilities €3.9m
Equity
€1.1m ▼ 13.4%
Debt
€2.8m ▼ 7.7%
Debt's share of the balance-sheet total rises from 70.3% to 71.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€63,278▼
2024 · €619,031
Cash flow
-€183,560▼
2024 · €615,674
Current ratio
7.67▼
2024 · 11.44
Quick ratio
7.46▼
2024 · 11.44
Debt to equity
2.52▲
2024 · 2.36
ROE
-22.5%▼
2024 · 44.4%
ROA
-6.4%▼
2024 · 13.2%
Interest coverage
-0.44▼
2024 · 36.52
Debt ≤ 1 year
€468,973▲
2024 · €349,735
Income taxes
€0▼
2024 · €1,662
Staff costs
€1.8m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,419 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €810,527 | €1.0m | €1.4m | €1.8m | ▲ 28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77,143 | €91,613 | €74,269 | €51,980 | €64,452 | ▲ 24.0% |
| Other operating charges640/8 | - | €3,015 | €1,555 | €41,982 | €68,414 | ▲ 63.0% |
| Gross operating margin9900 | €1.1m | €843,755 | €1.1m | €2.1m | €1.8m | ▼ 12.1% |
| Operating profit (loss)9901 | €361,378 | -€61,400 | €40,614 | €567,050 | -€127,730 | ▼ 123% |
| Financial income75/76B | - | €113,794 | €37,683 | €15,255 | €22,209 | ▲ 45.6% |
| Recurring financial income75 | €2,253 | €113,794 | €37,683 | €15,255 | €22,209 | ▲ 45.6% |
| Financial charges65/66B | - | €36,207 | €75,118 | €16,950 | €142,491 | ▲ 741% |
| Recurring financial charges65 | €59,165 | €36,207 | €75,118 | €16,950 | €142,491 | ▲ 741% |
| Profit (loss) for the period before taxes9903 | €304,466 | €16,188 | €3,180 | €565,356 | -€248,012 | ▼ 144% |
| Income taxes67/77 | - | - | - | €1,662 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €304,466 | €16,188 | €3,180 | €563,694 | -€248,012 | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | €304,466 | €16,188 | €3,180 | €563,694 | -€248,012 | ▼ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.1m | €4.7m | €4.3m | €3.9m | ▼ 9.4% |
| Fixed assets21/28 | €184,618 | €354,966 | €291,146 | €271,837 | €272,316 | ▲ 0.2% |
| Intangible fixed assets21 | €56,411 | €166,811 | €110,921 | €74,031 | €37,141 | ▼ 49.8% |
| Tangible fixed assets22/27 | €48,478 | €33,426 | €25,496 | €43,077 | €80,446 | ▲ 86.8% |
| Furniture and vehicles24 | - | €33,426 | €25,496 | €43,077 | €48,511 | ▲ 12.6% |
| Other tangible fixed assets26 | - | - | - | - | €31,935 | - |
| Financial fixed assets28 | €79,729 | €154,729 | €154,729 | €154,729 | €154,729 | = |
| Current assets29/58 | €2.2m | €1.8m | €4.4m | €4.0m | €3.6m | ▼ 10.1% |
| Amounts receivable after more than one year29 | - | €158,559 | €1.7m | €1.2m | €828,604 | ▼ 33.5% |
| Other amounts receivable291 | - | €158,559 | €1.7m | €1.2m | €828,604 | ▼ 33.5% |
| Stocks and contracts in progress3 | - | - | - | - | €99,217 | - |
| Contracts in progress37 | - | - | - | - | €99,217 | - |
| Amounts receivable within one year40/41 | €272,596 | €684,860 | €390,850 | €603,476 | €1.6m | ▲ 163% |
| Trade receivables40 | - | €643,544 | €218,204 | €299,840 | €1.5m | ▲ 398% |
| Other amounts receivable41 | - | €41,316 | €172,646 | €303,636 | €95,183 | ▼ 68.7% |
| Cash at bank and in hand54/58 | €1.7m | €913,591 | €2.3m | €2.1m | €1.0m | ▼ 51.0% |
| Deferred charges and accrued income490/1 | - | €14,716 | €13,195 | €34,561 | €45,103 | ▲ 30.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.1m | €4.7m | €4.3m | €3.9m | ▼ 9.4% |
| Equity10/15 | €675,329 | €691,517 | €706,877 | €1.3m | €1.1m | ▼ 13.4% |
| Contributions10/11 | €424,000 | €424,000 | €436,180 | €436,180 | €513,580 | ▲ 17.7% |
| Capital10 | - | €424,000 | €433,177 | €433,177 | €444,335 | ▲ 2.6% |
| Issued capital100 | - | €424,000 | €433,177 | €433,177 | €444,335 | ▲ 2.6% |
| Outside capital11 | - | - | €3,003 | €3,003 | €69,245 | ▲ 2,206% |
| Share premium1100/10 | - | - | €3,003 | €3,003 | €69,245 | ▲ 2,206% |
| Reserves13 | €251,329 | €267,517 | €270,697 | €834,390 | €586,378 | ▼ 29.7% |
| Non-distributable reserves130/1 | - | €13,376 | €13,535 | €41,720 | €41,720 | = |
| Legal reserve130 | - | €13,376 | €13,535 | €41,720 | €41,720 | = |
| Distributable reserves133 | - | €254,141 | €257,162 | €792,671 | €544,659 | ▼ 31.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.7m | €1.4m | €4.0m | €3.0m | €2.8m | ▼ 7.7% |
| Amounts payable after more than one year17 | €10,786 | €87,500 | €43,750 | €0 | - | - |
| Financial debts170/4 | - | €87,500 | €43,750 | €0 | - | - |
| Amounts payable within one year42/48 | €349,533 | €381,951 | €326,525 | €349,735 | €468,973 | ▲ 34.1% |
| Current portion of amounts payable after more than one year42 | - | €55,919 | €43,750 | €0 | - | - |
| Financial debts43 | - | €154,453 | €0 | - | - | - |
| Credit institutions430/8 | - | €154,453 | €0 | - | - | - |
| Trade debts44 | €39,273 | €72,687 | €171,810 | €79,899 | €302,449 | ▲ 279% |
| Suppliers440/4 | - | €72,687 | €171,810 | €79,899 | €302,449 | ▲ 279% |
| Taxes, remuneration and social security45 | - | €98,893 | €110,966 | €269,835 | €163,682 | ▼ 39.3% |
| Taxes450/3 | - | - | - | €23,280 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €98,893 | €110,966 | €246,555 | €163,682 | ▼ 33.6% |
| Other amounts payable47/48 | - | - | - | - | €2,842 | - |
| Accrued charges and deferred income492/3 | - | €965,724 | €3.6m | €2.7m | €2.3m | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €304,466 | €16,188 | €3,180 | €563,694 | -€248,012 | ▼ 144% |
| + Depreciation and write-downs630 | €77,143 | €91,613 | €74,269 | €51,980 | €64,452 | ▲ 24.0% |
| Operating cash flow (approximation) | €381,609 | €107,800 | €77,448 | €615,674 | -€183,560 | ▼ 130% |
| Investment in fixed assets (approximation) | - | -€261,960 | -€10,449 | -€32,671 | -€64,931 | ▼ 98.7% |
| Change in cash | - | -€798,609 | €1.4m | -€174,475 | -€1.1m | ▼ 519% |
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
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
30-06
Financial
Weakest financial yearnet -€248,012
Net result drops to -€248,012, the lowest in the series.
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €563,694 ▲17,628%
Operating result €567,050, net result €563,694, both a record.
30-06
Financial
Equity above €1mEq €1.3m ▲79.7%
5 profitable years in a row build equity to €1.3m.
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 13.38
Current ratio from 4.64 to 13.38; short-term debt falls from €381,951 to €326,525.
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €675,329 ▲82.1%
2 profitable years in a row build equity to €675,329.
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €358,801
Net result €358,801 after one loss-making year.
Show earlier events
30-06
Financial
Liquidity triplescurrent ratio 13.82
Current ratio from 4.14 to 13.82; short-term debt falls from €166,106 to €121,166.
30-06
Financial
Equity above €200,000Eq €370,863 ▲2,975%
Equity rises from €12,062 to €370,863.
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Gent · 1 establishment unit since 2014
Ground area
942 m²
Building footprint
376 m²
Volume, LiDAR
3,193 m³
Parcel 44809I0631/00X004, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LUCEDA
since 20142.231.914.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0631/00X004 | Flanders | 942 m² | 1 · 376 m² | 10.2 m · 3 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts Ervila 202418.33%
Holdings 1
- Luceda Photonics (Shanghai) Software and Technology Co., Ltd.CNsubsidiarySourceown accounts 30-06-2025Equity -€77,575Result -€99,493100%
According to the annual accounts to 30-06-2025 of LUCEDA and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 990,013 EUR awarded · 357,801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 295,769 EUR | 215,000 EUR |
| 2024 | 1 | 0 EUR | 4,320 EUR |
| 2023 | 2 | 694,244 EUR | 138,481 EUR |
European Union, budget
2021 to 2023 · 9 entries · 914,480 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 39,632 EUR |
| 2022 | 6 | 731,634 EUR |
| 2021 | 2 | 143,214 EUR |
Projects
PATTERN - NEXT GENERATION ULTRA-HIGH-SPEED MICROWAVE PHOTONIC INTEGRATED CIRCUITS USING ADVANCE HYBRID INTEGRATION
VISSION - ACTIVE BUILDING BLOCKS FOR VISIBLE AND NEAR-INFRARED APPLICATIONS ON A SILICON NITRIDE INTERPOSER
SIPHO-G - ADVANCED GESI COMPONENTS FOR NEXT-GENERATION SILICON PHOTONICS APPLICATIONS
European research
6 projects · 2,282,765 EUR EU contributionProgrammes
Projects
Building a European industrial supply chain for SOI- and SiN-based silicon photonics, including heterogeneous integration to support emerging markets
Next generation ultra-high-speed microwave Photonic integrATed circuiTs using advancE hybRid iNtegration
Silicon Nitride Photonic Integrated Circuit Pilot line for Life Science Applications in the Visible Range
Active Building Blocks for Visible and Near-Infrared Applications on a Silicon Nitride Interposer
Advanced GeSi components for next-generation silicon photonics applications
Show 1 more projects
Applications and Fundamentals of Microresonator Frequency Combs
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Identification & contact
Identification
Legal formPublic limited company
Founded12-06-2014
Fiscal year end30-06
Activities, NACEBEL 2025
26200Manufacture of computer, electronic and optical products
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0553769733
Also
9925:BE0553769733
Registered
05-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.