LUCEDA

Active Public limited companyfounded 2014active for 12 yearsReigerstraat 8, 9000 GhentKBO/BCE: BE 0553.769.733 subsidiary of SMTX Technologies Singapore Pte. Ltd.#3 company by staff growth in Ghent, Telecoms and IT sector

LUCEDA

Financial year 2025

Follow Report Compare

Annual accounts 2025

full format, filed on 01-10-2026, 62 days late

€850,616

▼ 59.0%

-€325,252

▼ €892,303

-€289,304

▼ €908,335

-€329,211

▼ €944,885

17.6%

▼ 12.2 percentage points

6.13

▼ 5.31

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.3m. Estimated: probably between €1.5m and €3.6m.

In the rankings #3 company by staff growth in Ghent, Telecoms and IT sector

Balance sheet

balance sheet total €3.3m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

17.6%

Higher than 21% of 26,302 companies in 2025.

6.13

Higher than 81% of 25,493 companies in 2025.

-11.0%

Higher than 11% of 25,731 companies in 2025.

LUCEDA Middle half of the sector 80% of the sector All accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€44,790

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 5 people joined and 4 left. Training hours in 2025: 92.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Balance sheet: assets
`20/58`	3.3m	4.3m	4.7m	2.1m	2.4m	1.8m	963,634	1.1m	1.2m	680,797	709,921
`20`	-	-	-	-	-	-	-	1,291	2,700	4,108	5,517
`21/28`	269,051	271,837	291,146	354,966	184,618	145,049	275,238	319,380	377,657	391,312	182,989
`21`	18,544	74,031	110,921	166,811	56,411	118,776	244,804	315,299	373,577	382,487	172,304
`22/27`	98,479	43,077	25,496	33,426	48,478	23,571	27,733	1,379	1,379	2,016	2,466
`22`	-	-	-	-	-	-	-	0	0	0	0
`23`	-	-	-	-	-	-	-	0	0	0	0
`24`	70,061	43,077	25,496	33,426	48,478	23,571	27,733	1,379	1,379	2,016	2,466
`26`	28,418	-	-	-	-	-	-	0	0	0	0
`27`	-	-	-	-	-	-	-	0	0	0	0
`28`	152,028	154,729	154,729	154,729	79,729	2,701	2,701	2,701	2,701	2,701	2,701
`29/58`	3.1m	4.0m	4.4m	1.8m	2.2m	1.7m	688,395	780,223	783,391	289,485	526,932
`29`	571,754	1.2m	1.7m	158,559	158,559	-	-	118,947	343,947	-	-
`290`	-	-	-	-	-	-	-	0	0	0	0
`291`	571,754	1.2m	1.7m	158,559	158,559	-	-	118,947	343,947	0	0
`3`	22,131	-	-	-	-	-	-	0	0	0	0
`30/36`	-	-	-	-	-	-	-	0	0	0	0
`37`	22,131	-	-	-	-	-	-	0	0	0	0
`40/41`	1.1m	603,476	390,850	684,860	272,596	504,761	326,021	258,491	303,195	97,425	291,754
`40`	650,100	299,840	218,204	643,544	245,178	385,589	173,328	48,465	143,646	21,791	20,893
`41`	457,840	303,636	172,646	41,316	27,419	119,172	152,693	210,026	159,549	75,635	270,861
`50/53`	-	-	-	-	-	-	-	0	0	0	0
`54/58`	1.3m	2.1m	2.3m	913,591	1.7m	1.1m	330,565	399,291	136,249	192,060	235,178
`490/1`	73,554	34,561	13,195	14,716	29,334	34,757	31,809	3,493	0	0	0
Balance sheet: equity and liabilities
`10/49`	3.3m	4.3m	4.7m	2.1m	2.4m	1.8m	963,634	1.1m	1.2m	680,797	709,921
`10/15`	583,521	1.3m	706,877	691,517	675,329	370,863	12,062	22,263	71,749	262,952	293,210
`10/11`	753,327	436,180	436,180	424,000	424,000	424,000	424,000	424,000	424,000	424,000	424,000
`10`	478,897	433,177	433,177	424,000	-	-	-	-	-	-	-
`100`	478,897	433,177	433,177	424,000	424,000	424,000	424,000	424,000	424,000	424,000	424,000
`101`	-	-	-	-	-	-	-	0	0	0	0
`11`	274,429	3,003	3,003	-	-	-	-	0	0	0	0
`1100/10`	274,429	3,003	3,003	-	-	-	-	0	0	0	0
`12`	-	-	-	-	-	-	-	0	0	0	0
`13`	41,720	834,390	270,697	267,517	251,329	-	-	-	-	-	-
`130/1`	41,720	41,720	13,535	13,376	12,566	-	-	-	-	-	-
`130`	41,720	41,720	13,535	13,376	12,566	-	-	0	0	0	0
`1312`	-	-	-	-	-	-	-	0	0	0	0
`1319`	-	-	-	-	-	-	-	0	0	0	0
`132`	-	-	-	-	-	-	-	0	0	0	0
`133`	0	792,671	257,162	254,141	238,763	-	-	0	0	0	0
`14`	-211,525	-	-	-	0	-53,137	-411,938	-401,737	-352,251	-161,048	-130,790
`15`	-	-	-	-	-	-	-	0	0	0	0
`160/5`	-	-	-	-	-	-	-	0	0	0	0
`160`	-	-	-	-	-	-	-	0	0	-	-
`161`	-	-	-	-	-	-	-	0	0	-	-
`162`	-	-	-	-	-	-	-	0	0	-	-
`163`	-	-	-	-	-	-	-	0	0	-	-
`164/5`	-	-	-	-	-	-	-	0	0	-	-
`168`	-	-	-	-	-	-	-	0	0	0	0
`17/49`	2.7m	3.0m	4.0m	1.4m	1.7m	1.4m	951,572	1.1m	1.1m	417,846	416,711
`17`	-	0	43,750	87,500	10,786	361,472	194,201	36,540	88,327	8,225	2,425
`170/4`	-	0	43,750	87,500	10,786	361,472	194,201	36,540	88,327	8,225	2,425
`175`	-	-	-	-	-	-	-	0	0	0	0
`176`	-	-	-	-	-	-	-	0	0	0	0
`178/9`	-	-	-	-	-	-	-	0	0	0	0
`42/48`	498,250	349,735	326,525	381,951	349,533	121,166	166,106	368,401	148,550	188,857	162,258
`42`	-	0	43,750	55,919	211,123	-	-	80,000	40,000	0	0
`43`	-	-	0	154,453	-	-	-	-	-	-	-
`430/8`	-	-	0	154,453	-	-	-	0	0	0	0
`439`	-	-	-	-	-	-	-	0	0	0	0
`44`	204,772	79,899	171,810	72,687	39,273	53,541	136,400	250,570	82,147	168,154	151,618
`440/4`	204,772	79,899	171,810	72,687	39,273	53,541	136,400	250,570	82,147	168,154	151,618
`441`	-	-	-	-	-	-	-	0	0	0	0
`46`	82,000	-	-	-	-	-	-	0	0	0	0
`45`	205,598	269,835	110,966	98,893	99,136	67,625	29,706	37,830	26,404	20,702	10,640
`450/3`	-	23,280	-	-	0	21,374	131	1,237	0	1,057	624
`454/9`	205,598	246,555	110,966	98,893	99,136	46,251	29,576	36,594	26,404	19,645	10,016
`47/48`	5,880	-	-	-	-	-	-	0	0	0	0
`492/3`	2.2m	2.7m	3.6m	965,724	1.3m	965,855	591,265	673,691	855,122	220,764	252,028
Income statement
`70`	-	-	-	-	-	-	-	0	0	0	0
`76A`	-	-	-	-	-	-	-	0	6,477	3,921	0
`9900`	850,616	2.1m	1.1m	843,755	1.1m	847,344	411,872	263,420	83,759	153,653	-21,709
`60/61`	-	-	-	-	-	-	-	0	0	0	0
`62`	1.1m	1.4m	1.0m	810,527	681,616	329,631	245,589	148,820	125,640	74,859	56,390
`630`	35,948	51,980	74,269	91,613	77,143	133,025	169,550	153,090	137,166	111,998	51,639
`631/4`	19,960	-	-	-	-	-	-	0	0	0	0
`635/8`	-	-	-	-	-	-	-	0	0	0	0
`640/8`	200	41,982	1,555	3,015	1,124	198	1,201	503	1,020	623	820
`649`	-	-	-	-	-	-	-	0	0	0	0
`66A`	-	-	-	-	-	-	-	0	0	0	0
`9901`	-325,252	567,050	40,614	-61,400	361,378	384,490	-4,468	-38,992	-180,067	-33,826	-130,558
`75/76B`	35,176	15,255	37,683	113,794	2,253	2,288	972	0	27	1,244	724
`75`	35,176	15,255	37,683	113,794	2,253	2,288	972	0	27	1,244	724
`76B`	-	-	-	-	-	-	-	0	0	-	-
`65/66B`	75,083	16,950	75,118	36,207	59,165	27,976	6,705	10,494	11,163	1,596	956
`65`	75,083	16,950	75,118	36,207	59,165	27,976	6,705	10,494	11,163	1,596	956
`66B`	-	-	-	-	-	-	-	0	0	-	-
`9903`	-365,159	565,356	3,180	16,188	304,466	358,801	-10,201	-49,486	-191,203	-30,258	-130,790
`67/77`	-	1,662	-	-	-	-	-	0	0	0	0
`9904`	-365,159	563,694	3,180	16,188	304,466	358,801	-10,201	-49,486	-191,203	-30,258	-130,790
`789`	-	-	-	-	-	-	-	0	0	0	0
`689`	-	-	-	-	-	-	-	0	0	0	0
`9905`	-365,159	563,694	3,180	16,188	304,466	358,801	-10,201	-49,486	-191,203	-30,258	-130,790
Appropriation of the result
`9906`	-365,159	563,694	3,180	16,188	251,329	-53,137	-411,938	-401,737	-352,251	-161,048	-130,790
`14P`	-	-	-	0	-	-	-	-	-	-	-
`791/2`	153,634	-	-	-	-	-	-	0	0	0	0
`691/2`	-	563,694	3,180	16,188	251,329	-	-	-	-	-	-
`691`	-	-	-	-	-	-	-	0	0	0	0
`6920`	-	28,185	159	809	12,566	-	-	0	0	0	0
`6921`	-	535,509	3,021	15,378	238,763	-	-	0	0	0	0
`694`	-	-	-	-	-	-	-	0	0	0	0
`695`	-	-	-	-	-	-	-	0	0	0	0
`696`	-	-	-	-	-	-	-	0	0	-	-
Social balance sheet
`9087`	25	17	13	11.3	10.3	5.6	4.5	2.8	2.3	1.3	1
Hours worked`1013`	21,504	29,340	23,089	19,441	18,191	9,749	7,833	4,671	3,906	2,295	1,999
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 01-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 62 days after the deadline. Filed on 1 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00544588.

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	01-10-2026	2026-00544588	PDF
30-06-2025	full format	09-10-2026	2026-00554409	PDF
30-06-2025	abbreviated format	02-03-2026	2026-00047188	PDF
30-06-2024	abbreviated format	02-12-2024	2024-00608428	PDF
30-06-2023	abbreviated format	04-12-2023	2023-00521504	PDF
30-06-2022	abbreviated format	25-11-2022	2022-20525425	PDF
30-06-2021	abbreviated format	02-12-2021	2021-79100419	PDF
30-06-2020	micro format	07-12-2020	2020-74700481	PDF
30-06-2019	micro format	06-12-2019	2019-75500081	PDF
30-06-2018	micro format	30-11-2018	2018-73400148	PDF
30-06-2017	micro format	04-12-2017	2017-71100035	PDF
30-06-2016	abbreviated format	15-12-2016	2016-70400036	PDF
30-06-2015	abbreviated format	27-11-2015	2015-67800278	PDF

Subsidies and aid

Flemish government 2023 to 2025, 5 entries, €990,013 awarded, €357,801 paid

Ontwikkelingsproject

€984,212

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€5,801

Year	Entries	Awarded	Paid
2025	2	€295,769	€215,000
2024	1	€0	€4,320
2023	2	€694,244	€138,481

European Union 2021 to 2023, 9 entries, €914,480 in total

Horizon Europe

€914,480

Year	Entries	Awarded
2023	1	€39,632
2022	6	€731,634
2021	2	€143,214

European research 6 projects, €2.3m EU contribution

Horizon Europe

€1.6m

Horizon 2020

€652,943

Projects

Building a European industrial supply chain for SOI- and SiN-based silicon photonics, including heterogeneous integration to support emerging marketsHorizon Europe, participant, 01-05-2023 to 31-10-2027, €898,189, photonixFAB
Next generation ultra-high-speed microwave Photonic integrATed circuiTs using advancE hybRid iNtegrationHorizon Europe, participant, 01-09-2022 to 28-02-2027, €392,285, PATTERN
Silicon Nitride Photonic Integrated Circuit Pilot line for Life Science Applications in the Visible RangeHorizon 2020, participant, 01-01-2016 to 30-09-2020, €346,055, PIX4LIFE
Active Building Blocks for Visible and Near-Infrared Applications on a Silicon Nitride InterposerHorizon Europe, participant, 01-09-2022 to 31-08-2027, €339,348, VISSION
Advanced GeSi components for next-generation silicon photonics applicationsHorizon 2020, participant, 01-01-2021 to 30-06-2025, €306,888, SIPHO-G
Applications and Fundamentals of Microresonator Frequency CombsHorizon 2020, partner, 01-01-2019 to 31-12-2022, MICROCOMB

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
-289,304	619,031	114,883	30,213	438,522	517,515	165,082	114,098	-42,902	78,172	-78,919
-329,211	615,674	77,448	107,800	381,609	491,826	159,349	103,604	-54,037	81,740	-79,152
35,384	36,452	10,449	186,960	191,713	2,835	124,118	93,403	126,210	320,322	227,585
-838,300	-174,475	1.4m	-798,609	577,411	804,225	-68,727	263,042	-55,811	-43,118	-
2.6m	3.7m	4.0m	1.4m	1.8m	1.6m	522,289	411,822	634,841	100,628	364,674
17.6%	29.7%	15.2%	32.5%	28.6%	20.4%	1.3%	2.0%	6.2%	38.6%	41.3%
6.13	11.44	13.38	4.64	6.22	13.82	4.14	2.12	5.27	1.53	3.25
6.09	11.44	13.38	4.64	6.22	13.82	4.14	2.12	5.27	1.53	3.25
4.70	2.36	5.59	2.08	2.49	3.91	78.89	48.45	15.22	1.59	1.42
-62.6%	44.4%	0.4%	2.3%	45.1%	96.7%	-84.6%	-222.3%	-266.5%	-11.5%	-44.6%
-11.0%	13.2%	0.1%	0.8%	12.9%	19.7%	-1.1%	-4.5%	-16.4%	-4.4%	-18.4%
-3.85	36.52	1.53	0.83	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	26	25	17	13	12
full-time	24	22	17	13	11
part-time	2	3	0	0	1
in full-time equivalents	25.7	24.2	17	13	11.9
	25	21.6	17	13	11.3
On a permanent contract	26	24	17	13	12
Joined	5	9	8	2	2
Left	4	1	4	1	1
Training hours	92	-	-	-	-

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	30-06-2025	30-06-2024	30-06-2023	30-06-2022
	€750,000	€750,000	-	-	-

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€35,384	€64,931	€36,452	€10,449	€2,510
Intangible fixed assets	-	-	-	-	€184,450
	€35,948	€64,452	€51,980	€74,269	€91,613

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on LUCEDA

The operating result for 2025 is a loss of €325,252, after a profit of €567,050 in 2024. It is the lowest result since 2015.

Debt's share of the balance-sheet total rises from 70.3% to 82.4%. Equity and debt are lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency17.6%

Current ratio6.13

Return on assets-11.0%

Staff

Staff cost per FTE€44,790

Joined and left+1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 5 entries, €990,013 awarded, €357,801 paid

European Union 2021 to 2023, 9 entries, €914,480 in total

European research 6 projects, €2.3m EU contribution

Projects

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on LUCEDA

Next steps

in €m

in €m

17.6%

6.13

-11.0%

€44,790

+1 person