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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
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Overview

Lifetime

11 annual accounts with figures on one time axis
peak €2.1m (2024)
€1.6m▼ 24.1%
lowest -€497,007 (2025)
-€497,007▼ €1.1m
peak €1.3m (2024)
€708,933▼ 44.2%
€3.2m▲ 5.3%
peak 21.6 FTE (2025)
21.6 FTE▲ 27.1%
Board9 names since 2014
7 directorsErvila and 6 others
Owners4 names in the annual accounts
consolidatesSMTX Technologies Singapore Pte. Ltd.
Documentsfilings and deeds
01-10-202662 days late
2025financial year
Gross margin from €2.1m to €1.6mLoss of €497,007Staff from 17 FTE to 21.6 FTENew managing director 29-085 directors appointed, 4 resignations 29-08Capital increase of €34,561.91 to €478,897.28 19-08

Key points

from the 2025 annual accounts

Equity

€583,521 from €1.3m in 2024

Equity fell by 54% in 1 year.

Losses

-€365,159
20192020202120222023202420252025

2 loss-making years in a row. Loss in financial year 2025.

Debts

€3.2m 95% of the balance sheet
Suppliers 6%Taxes and wages 7%Other 87%

Of this, €498,250 falls due within a year.

Filings

11 annual accounts 13 filings, 62 days
deadline201520202025

Latest accounts filed late: after the legal deadline.

Subsidiaries

-€285,984

Subsidiary with negative equity. Luceda Photonics (Shanghai) Software… · loss of €208,507 in 2025.

Position in the sector

-€365,159

Lower net result than 90% of companies in computer programming and consultancy. Sector median €35,587 · 1,693 companies.

Checked score

68
Healthy
Financially stronger than 44% of small companies in computer programming and consultancy (NACE 62)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026 10-2026: 0.7%▲ +0.3 percentage points vs 09-2026highest value 11-2026: 0.7%● unchanged vs 10-2026highest value

Financial strength
Average

43=equity 17.6% of total assets
95+13short-term debt 15.0% · cash 38.5%
5+2return on assets -11.0%

Score breakdown

raises risk
Loss of €365,159, the second in a row (financial year 2025)
Last filed accounts filed 62 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 6.13, cash €1.3m
Calculation

The band follows from the bankruptcy probability. 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 62, small). It does better than 25% of them on solvency, 96% on liquidity and 9% on profitability.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 180 companies had the same profile as LUCEDA has now. Each dot is one company, two years later.

91.1%
were still trading
2.8%
stopped another way
5.6%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more

Another 0.6% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of LUCEDA itself is lower: 0.7% within 12 months. It rests on far more data about LUCEDA than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 180 companies, not a prediction for LUCEDA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.13, above the usual 1.5. Short-term debt is 15% and cash 38.5% of total assets. However, 82.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 6.13, cash €1.3m
NBB · annual accounts
raises risk · Loss of €365,159, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 62 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2025 accounts filed 62 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-10-2026, 62 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
62 days late
2025
30 days late
2024
60 days early
2023
58 days early
2022
67 days early
2021
60 days early
2020
55 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

N
NOLEDA
Managing director, DUMON, Pieter
CC
CHENG Chao
Director, since 12-08-2025
E
Ervila
Director, DE BAETSELIER Erwin Christiaan Jozef
EB
Ervilla BV
Director, since 12-08-2025
LL
LI Lili
Director, since 12-08-2025
VB
VGD Bedrijfsrevisoren
Auditor, Jurgen Lelie
and 2 others

Shares in 1 company, Luceda Photonics (Shanghai) Software and Technology Co., Ltd.

Board & ownership

Recent changes

1 statutory auditor appointed VGD Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Jurgen Lelie and Pieter Dumon · General meeting of 27-03-2026 · Gazette deed
Appointment: BEKE Herman (director) General meeting of 05-02-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0553769733
New managing director ERVILA BV appointed, ERVILA BV resigned · Board meeting of 12-08-2025 · Gazette deed
All 37 events

Comparable companies

same main activity, similar in size and age
Company
LUCEDA Ghent €3.3m €0.9m 17.6% 25
TOUCHPOINT MEDICAL Beveren-Kruibeke-Zwijndrecht €4.3m €0.6m 39.7% 27.3
CODEVID Ghent €1.6m €0.8m 1.0% 18.4
PIONIRA Oostkamp €3.0m €1.4m 2.8% 16.8
Unifly Antwerp €6.1m €0.9m 50.4% 27.3
LNS Lommel €3.1m €1.5m 25.7% 17.5
LVLP Auderghem €3.0m €1.7m 68.4% 23.5

These companies have the same main activity as LUCEDA: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.6m and €6.1m, founded between 2011 and 2016.

Official details

Source: KBO
Status
Active since 12-06-2014Normal situation
Activity
Computer programmingNACE 62100and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.231.914.1749000 Ghent, since 12-06-2014
Financial year end
31 December
Peppol
Reachable since 05-02-2026
Company details

Annual accounts 2025

€850,616▼ 46.1%
≈ €2.3mestimated
€365,159▼ 26.5%
€583,521▼ 17.7%
€3.3m▼ 14.1%
Employeeson 31-12-2025
26▲ 4.0%
Filing
Filed on 01-10-2026
Financials

Insights on LUCEDA

LUCEDA has existed since 2014. In 2018 the gross margin rose from €83,759 to €263,420.

Solvency fell in 2025 from 29.7% to 18.3% because of the loss and higher debts to suppliers.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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

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 Trend20252024202320222021202020192018201720162015
Balance sheet: assets
20/58 3.3m4.3m4.7m2.1m2.4m1.8m963,6341.1m1.2m680,797709,921
20 -------1,2912,7004,1085,517
21/28 269,051271,837291,146354,966184,618145,049275,238319,380377,657391,312182,989
21 18,54474,031110,921166,81156,411118,776244,804315,299373,577382,487172,304
22/27 98,47943,07725,49633,42648,47823,57127,7331,3791,3792,0162,466
22 -------0000
23 -------0000
24 70,06143,07725,49633,42648,47823,57127,7331,3791,3792,0162,466
26 28,418------0000
27 -------0000
28 152,028154,729154,729154,72979,7292,7012,7012,7012,7012,7012,701
29/58 3.1m4.0m4.4m1.8m2.2m1.7m688,395780,223783,391289,485526,932
29 571,7541.2m1.7m158,559158,559--118,947343,947--
290 -------0000
291 571,7541.2m1.7m158,559158,559--118,947343,94700
3 22,131------0000
30/36 -------0000
37 22,131------0000
40/41 1.1m603,476390,850684,860272,596504,761326,021258,491303,19597,425291,754
40 650,100299,840218,204643,544245,178385,589173,32848,465143,64621,79120,893
41 457,840303,636172,64641,31627,419119,172152,693210,026159,54975,635270,861
50/53 -------0000
54/58 1.3m2.1m2.3m913,5911.7m1.1m330,565399,291136,249192,060235,178
490/1 73,55434,56113,19514,71629,33434,75731,8093,493000
Balance sheet: equity and liabilities
10/49 3.3m4.3m4.7m2.1m2.4m1.8m963,6341.1m1.2m680,797709,921
10/15 583,5211.3m706,877691,517675,329370,86312,06222,26371,749262,952293,210
10/11 753,327436,180436,180424,000424,000424,000424,000424,000424,000424,000424,000
10 478,897433,177433,177424,000-------
100 478,897433,177433,177424,000424,000424,000424,000424,000424,000424,000424,000
101 -------0000
11 274,4293,0033,003----0000
1100/10 274,4293,0033,003----0000
12 -------0000
13 41,720834,390270,697267,517251,329------
130/1 41,72041,72013,53513,37612,566------
130 41,72041,72013,53513,37612,566--0000
1312 -------0000
1319 -------0000
132 -------0000
133 0792,671257,162254,141238,763--0000
14 -211,525---0-53,137-411,938-401,737-352,251-161,048-130,790
15 -------0000
160/5 -------0000
160 -------00--
161 -------00--
162 -------00--
163 -------00--
164/5 -------00--
168 -------0000
17/49 2.7m3.0m4.0m1.4m1.7m1.4m951,5721.1m1.1m417,846416,711
17 -043,75087,50010,786361,472194,20136,54088,3278,2252,425
170/4 -043,75087,50010,786361,472194,20136,54088,3278,2252,425
175 -------0000
176 -------0000
178/9 -------0000
42/48 498,250349,735326,525381,951349,533121,166166,106368,401148,550188,857162,258
42 -043,75055,919211,123--80,00040,00000
43 --0154,453-------
430/8 --0154,453---0000
439 -------0000
44 204,77279,899171,81072,68739,27353,541136,400250,57082,147168,154151,618
440/4 204,77279,899171,81072,68739,27353,541136,400250,57082,147168,154151,618
441 -------0000
46 82,000------0000
45 205,598269,835110,96698,89399,13667,62529,70637,83026,40420,70210,640
450/3 -23,280--021,3741311,23701,057624
454/9 205,598246,555110,96698,89399,13646,25129,57636,59426,40419,64510,016
47/48 5,880------0000
492/3 2.2m2.7m3.6m965,7241.3m965,855591,265673,691855,122220,764252,028
Income statement
70 -------0000
76A -------06,4773,9210
9900 850,6162.1m1.1m843,7551.1m847,344411,872263,42083,759153,653-21,709
60/61 -------0000
62 1.1m1.4m1.0m810,527681,616329,631245,589148,820125,64074,85956,390
630 35,94851,98074,26991,61377,143133,025169,550153,090137,166111,99851,639
631/4 19,960------0000
635/8 -------0000
640/8 20041,9821,5553,0151,1241981,2015031,020623820
649 -------0000
66A -------0000
9901 -325,252567,05040,614-61,400361,378384,490-4,468-38,992-180,067-33,826-130,558
75/76B 35,17615,25537,683113,7942,2532,2889720271,244724
75 35,17615,25537,683113,7942,2532,2889720271,244724
76B -------00--
65/66B 75,08316,95075,11836,20759,16527,9766,70510,49411,1631,596956
65 75,08316,95075,11836,20759,16527,9766,70510,49411,1631,596956
66B -------00--
9903 -365,159565,3563,18016,188304,466358,801-10,201-49,486-191,203-30,258-130,790
67/77 -1,662-----0000
9904 -365,159563,6943,18016,188304,466358,801-10,201-49,486-191,203-30,258-130,790
789 -------0000
689 -------0000
9905 -365,159563,6943,18016,188304,466358,801-10,201-49,486-191,203-30,258-130,790
Appropriation of the result
9906 -365,159563,6943,18016,188251,329-53,137-411,938-401,737-352,251-161,048-130,790
14P ---0-------
791/2 153,634------0000
691/2 -563,6943,18016,188251,329------
691 -------0000
6920 -28,18515980912,566--0000
6921 -535,5093,02115,378238,763--0000
694 -------0000
695 -------0000
696 -------00--
Social balance sheet
9087 25171311.310.35.64.52.82.31.31
Hours worked1013 21,50429,34023,08919,44118,1919,7497,8334,6713,9062,2951,999
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 AwardedPaid
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
Line Trend20252024202320222021202020192018201720162015
-289,304619,031114,88330,213438,522517,515165,082114,098-42,90278,172-78,919
-329,211615,67477,448107,800381,609491,826159,349103,604-54,03781,740-79,152
35,38436,45210,449186,960191,7132,835124,11893,403126,210320,322227,585
-838,300-174,4751.4m-798,609577,411804,225-68,727263,042-55,811-43,118-
2.6m3.7m4.0m1.4m1.8m1.6m522,289411,822634,841100,628364,674
17.6%29.7%15.2%32.5%28.6%20.4%1.3%2.0%6.2%38.6%41.3%
6.1311.4413.384.646.2213.824.142.125.271.533.25
6.0911.4413.384.646.2213.824.142.125.271.533.25
4.702.365.592.082.493.9178.8948.4515.221.591.42
-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%
-3.8536.521.530.83-------

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

Item31-12-202530-06-202530-06-202430-06-202330-06-2022
Employees at the balance-sheet date2625171312
full-time2422171311
part-time23001
in full-time equivalents25.724.2171311.9
2521.6171311.3
On a permanent contract2624171312
Joined59822
Left41411
Training hours92----

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

Securities and guarantees

on own assets and for others
Item202530-06-202530-06-202430-06-202330-06-2022
€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
Item202530-06-202530-06-202430-06-202330-06-2022
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.

Board & ownership

Board

7 directors, 1 in day-to-day management, 1 auditor, last change in May 2026

Deed of 27-05-20261 statutory auditor appointedVGD Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Jurgen Lelie and Pieter Dumon · General meeting of 27-03-2026

CHENG Chao
Director (not named in the articles)
since 12-08-2025 term until the 2028 general meeting
listed in the 2025 annual accounts, filed on 01-10-2026
Ervila BV
Director (not named in the articles), permanent representative DE BAETSELIER Erwin Christiaan Jozef
appointed by deed of 29-08-2025 term until the 2028 general meeting
earlier director, from 29-11-2018 to 12-08-2025
Ervilla BV
Director
since 12-08-2025 term until 04-05-2028
listed in the 2025 annual accounts, filed on 01-10-2026
LI Lili
Director (not named in the articles)
since 12-08-2025 term until the 2028 general meeting
listed in the 2025 annual accounts, filed on 01-10-2026
NOLEDA BV
Director (not named in the articles) and managing director, permanent representative DUMON, Pieter
director (not named in the articles) since 12-08-2025 managing director appointed by deed of 29-08-2025 term until the 2028 general meeting, 3-year term from 2025
earlier director, until 12-08-2025
listed in the 2025 annual accounts, filed on 01-10-2026
ZHENG Yongjun
Director (not named in the articles)
since 12-08-2025 term until the 2028 general meeting
listed in the 2025 annual accounts, filed on 01-10-2026
BEKE Herman
Director
since 13-08-2025 term until the 2028 general meeting
listed in the 2025 annual accounts, filed on 01-10-2026
VGD Bedrijfsrevisoren
Statutory auditor, permanent representative Jurgen Lelie
since 27-03-2026 term until 04-05-2028
listed in the 2025 annual accounts, filed on 01-10-2026
NOLEDA
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 11. VERTEGENWOORDIGINGSBEVOEGDHEID. Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
deed of 29-08-2025
Permanent representatives 2
DE BAETSELIER Erwin Christiaan Jozef
Permanent representative, for Ervila
appointed by deed of 29-08-2025
DUMON, Pieter
Permanent representative, for NOLEDA
appointed by deed of 29-08-2025

Office holders in the KBO →

Mandates through the years

9 names, the dashed line is today
Ervila
Director (not named in the articles)
BEKE Herman
Director
NOLEDA
Director (not named in the articles), Managing director
CHENG Chao
Director (not named in the articles)
Ervilla BV
Director
LI Lili
Director (not named in the articles)
ZHENG Yongjun
Director (not named in the articles)
VGD Bedrijfsrevisoren
Statutory auditor
HASPESLAGH, Johan
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • Ervila
    • Director, from 10-06-2014 to 12-08-2025
    • Managing director, from before 28-11-2024, ended, last mentioned on 23-12-2024
    • Director (not named in the articles), appointed by deed of 29-08-2025, still in office
  • BEKE Herman
    • Director, from 15-04-2015 to 12-08-2025
    • Chair of the board, from before 28-11-2024, ended, last mentioned on 23-12-2024
    • Director, from 13-08-2025 to date
  • NOLEDA
    • Director, from 31-07-2015 to 12-08-2025
    • Director (not named in the articles), from 12-08-2025 to date
    • Managing director, since before 12-08-2025
  • CHENG Chao
    • Director (not named in the articles), since before 30-06-2025
  • Ervilla BV
    • Director, since before 30-06-2025
  • LI Lili
    • Director (not named in the articles), since before 30-06-2025
  • ZHENG Yongjun
    • Director (not named in the articles), since before 30-06-2025
  • VGD Bedrijfsrevisoren
    • Statutory auditor, since before 31-12-2025
  • HASPESLAGH, Johan
    • Director, from 07-08-2014 to 12-08-2025

See the board, name and registered office on a given date →

Control

Consolidating parent
SMTX Technologies Singapore Pte. Ltd. CN
consolidates
This company
LUCEDA
Equity €583,521
Loss €365,159 in 2025

and 1 other shareholder

Capital

Capital
€478,897.28
Shares
858,400
Contribution per share
€0.56
Equity per share
€0.68 in 2025
Source
deed of 29-08-2025

Owners through the years

as the annual accounts name them
SMTX Technologies Singapore Pte. Ltd. CN
consolidates
Participatiemaatschappij Vlaanderen
22.37%22.37%
22.37% until 2024
FIDIMEC
22.37%
21.34% until 2024
Ervila
18.33%
18.33% until 2024
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-08-2025 (in Dutch)
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Stijn Raes, omzetting”
deed of 11-04-2023 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Thursday of May at 10:00
deed of 29-08-2025 (in Dutch)
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Alle machten genoemd in artikel 2:87 van het Wetboek van vennootschappen en verenigingen, zonder bijzondere machtiging, besluit van de…”
deed of 29-08-2025 (in Dutch)
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Algemene vergadering kan de bevoegdheden van de vereffenaar(s) te allen tijde bij gewone meerderheid beperken, aandeelhouders verdelen het…”
deed of 29-08-2025 (in Dutch)

Shareholders

2 owners

Owners 2

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 07-04-2023 ↗
Capital over time
  1. 29-08-2025 Capital stated in the deed · €478,897.28 · 858,400 shares
  2. 19-08-2025 Capital increase of €34,561.91 · to €478,897.28 · 61,950 new shares, 7.2% of the 858,400 shares after the increase · uitoefening inschrijvingsrechten
  3. 31-07-2024 Capital increase of €11,158 · to €444,335.37 · 20,000 new shares
  4. 11-04-2023 Capital stated in the deed · €433,177.37 · 776,450 shares
  5. 07-04-2023 Capital increase of €9,177.37 · to €433,177.37 · 16,450 new shares

Network & group

Holdings

own 2025 accounts
This companyLUCEDA1 holding, 1 country 2025 accounts

Asia and Oceania 1 Equity Result

  • CN Luceda Photonics (Shanghai) Software and Technology Co., Ltd. -€285,984 result -€208,507

Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2025, in their own currency.

Parent

SMTX Technologies Singapore Pte. Ltd.
China

At the same address

Reigerstraat 8, 9000 Ghent · 1 other company
ML2Grow
establishment since 08-06-2017 · founded in 2017
 total assets €406,574 (2025)
0676.644.086

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • Luceda Photonics (Shanghai) Software and Technology Co., Ltd.CNsubsidiary
    Equity -€285,984Result -€208,507
    Sourceown accounts 2025
    100%
Holdings through the years 2022 to 2025
Holdings through the years
Name2022202320242025
Luceda Photonics (Shanghai) Software and Technology Co., Ltd.CN 100%

Source: list of holdings in its own accounts

Connections & network

7 current directors
Depth

The network lets you explore the ties of LUCEDA.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

37 events since 2014
2026
Annual accounts 2025 filed NBBfull format
Annual accounts 2025 filed NBBfull format · 62 days late
1 statutory auditor appointedVGD Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Jurgen Lelie and Pieter Dumon · General meeting of 27-03-20264 points ▸
  • General meeting, 27-03-2026
  • Auditor appointment, VGD Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Jurgen Lelie
  • Permanent representative, Pieter Dumon
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFabbreviated format · 30 days late
Appointment: BEKE Herman (director)General meeting of 05-02-20262 points ▸
  • General meeting, 05-02-2026
  • Director appointment, BEKE Herman

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0553769733
2025
New managing directorERVILA BV appointed, ERVILA BV resigned · Board meeting of 12-08-20256 points ▸
  • Board meeting, 12-08-2025
  • Director resignation, ERVILA BV (managing director)
  • Director appointment, ERVILA BV (managing director)
  • Power of attorney, Xiufang Tu
  • Power of attorney, Charlotte Goffaux
  • Power of attorney, Lina Zhou

Open the deed in the Belgian Official Gazette

5 directors appointed, 4 resignationsResignations: ERVILA; NOLEDA; BEKE, Herman and HASPESLAGH, Johan · Permanent representatives: DE BAETSELIER Erwin Christiaan Jozef and DUMON, Pieter · Appointments: LI Lili, CHENG Chao, ZHENG Yongjun, ERVILA and NOLEDA · General meeting of 12-08-202518 points ▸
  • General meeting, 12-08-2025
  • Director resignation, ERVILA
  • Permanent representative, DE BAETSELIER Erwin Christiaan Jozef
  • Director resignation, NOLEDA
  • Permanent representative, DUMON, Pieter
  • Director resignation, BEKE, Herman
  • Director resignation, HASPESLAGH, Johan
  • Director discharge, ERVILA
  • Director discharge, NOLEDA
  • Director discharge, BEKE, Herman
  • Director discharge, HASPESLAGH, Johan
  • Capital, €478,897.28
  • Director appointment, LI Lili (director (not named in the articles))
  • Director appointment, CHENG Chao (director (not named in the articles))
  • Director appointment, ZHENG Yongjun (director (not named in the articles))
  • Director appointment, ERVILA (director (not named in the articles))
  • Director appointment, NOLEDA (director (not named in the articles))
  • Power of attorney, Lina ZHOU
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Capital increase of €34,561.91 to €478,897.28Capital from €444,335.37 to €478,897.28, 61,950 new shares · General meeting of 01-08-20254 points ▸
  • General meeting, 01-08-2025
  • Power of attorney, Vandelanotte
  • Capital increase, €34,561.91
  • Capital, €478,897.28, 858,400 shares
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

Permanent representative: Erwin DE BAETSELIERBoard meeting of 03-02-20253 points ▸
  • Board meeting, 03-02-2025
  • Power of attorney, ERVILA (managing director)
  • Permanent representative, Erwin DE BAETSELIER

Open the deed in the Belgian Official Gazette

Weakest financial year net -€497,007 The net result drops to -€497,007, the lowest from 2015 to 2025. It recovers the following year.
Registered office moved from Dendermonde to GhentNew registered office: Reigerstraat 8, 9000 Gent · Previous registered office: Noordlaan 21, 9200 Dendermonde · Permanent representative: Erwin De Baetselier · Board meeting of 15-01-20253 points ▸
  • Board meeting, 15-01-2025
  • Registered-office move, Reigerstraat 8, 9000 Gent
  • Permanent representative, Erwin De Baetselier

Open the deed in the Belgian Official Gazette

2024
4 directors reappointedERVILA (managing director), NOLEDA, Johan Haspeslagh and Herman Beke (chair of the board) · Permanent representatives: Erwin De Baetselier and Pieter Dumon · General meeting of 28-11-202410 points ▸
  • General meeting, 28-11-2024
  • Director reappointment, ERVILA
  • Permanent representative, Erwin De Baetselier
  • Director reappointment, NOLEDA
  • Permanent representative, Pieter Dumon
  • Director reappointment, Johan Haspeslagh
  • Director reappointment, Herman Beke
  • Board meeting, 28-11-2024
  • Director reappointment, Herman Beke (chair of the board)
  • Director reappointment, ERVILA (managing director)

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFabbreviated format · 60 days before the deadline
Capital increase of €11,158 to €444,335.37Capital from €433,177.37 to €444,335.37, 20,000 new shares2 points ▸
  • Capital increase, €11,158
  • Amendment of the articles, article 5
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Highest result from 2015 to 2025 net €563,694 ▲17,628% The operating result of €567,050 and the net result of €563,694 are both a record.
Equity above €1m equity €1.3m ▲79.7% After 5 profitable years in a row, equity reaches €1.3m.
2023
Annual accounts 2023 filed PDFabbreviated format · 58 days before the deadline
Liquidity more than doubled current ratio 13.38 The current ratio rises from 4.64 to 13.38. Short-term debt falls from €381,951 to €326,525.
Capital increase · Amendment of the articlesCapital of €433,177.37, 776,450 shares · General meeting of 29-03-20233 points ▸
  • Capital, €433,177.37, 776,450 shares
  • Power of attorney, Stijn RAES
  • General meeting, 29-03-2023
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

Capital increase of €9,177.37 to €433,177.37Capital from €424,000 to €433,177.37, 16,450 new shares · Ruping Cao holds 7,000 shares · Herman Beke holds 9,450 shares4 points ▸
  • Capital increase, €9,177.37
  • Ruping Cao holds 7,000 shares
  • Herman Beke holds 9,450 shares
  • Amendment of the articles, article 5
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFabbreviated format · 67 days before the deadline
2021
Annual accounts 2021 filed PDFabbreviated format · 60 days before the deadline
Equity above €500,000 equity €675,329 ▲82.1% After 2 profitable years in a row, equity reaches €675,329.
2020
Annual accounts 2020 filed PDFmicro format · 55 days before the deadline
Back to profit net €358,801 The net result is €358,801, after 5 loss-making years.
Liquidity more than triples current ratio 13.82 The current ratio rises from 4.14 to 13.82. Short-term debt falls from €166,106 to €121,166.
2019
Annual accounts 2019 filed PDFmicro format · 56 days before the deadline
Capital increase PDFCapital €424,000, annual accounts 2019
4 directors reappointedBVBA ERVILA, BVBA NOLEDA, Johan Haspeslagh and Herman Beke · Permanent representatives: Erwin De Baetselier and Pieter Dumon · General meeting of 29-11-20188 points ▸
  • General meeting, 29-11-2018
  • Director reappointment, BVBA ERVILA
  • Director reappointment, BVBA NOLEDA
  • Director reappointment, Johan Haspeslagh
  • Director reappointment, Herman Beke
  • Permanent representative, Erwin De Baetselier
  • Permanent representative, Pieter Dumon
  • Board meeting, 29-11-2018, mentioned twice in the deed

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2018 filed PDFmicro format · 62 days before the deadline
2017
Annual accounts 2017 filed PDFmicro format · 58 days before the deadline
Liquidity more than triples current ratio 5.27 The current ratio rises from 1.53 to 5.27. Short-term debt falls from €188,857 to €148,550.
2016
Annual accounts 2016 filed PDFabbreviated format · 47 days before the deadline
2015
Annual accounts 2015 filed PDFabbreviated format · 65 days before the deadline
2014
Incorporation PDFpublished on 23-06-2014
First establishment Reigerstraat 8, Ghent

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 June 2014, LUCEDA was incorporated.1 The capital was increased 3 times between 2023 and 2025, most recently to €478,897.234 In 2025 the registered office moved to Ghent.5 Total assets went from €963,634 in 2019 to €3.3m in 2025 and headcount from 4.5 to 25 full-time equivalents.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-04-2023
  3. 3Belgian Official Gazette, 31-07-2024
  4. 4Belgian Official Gazette, 19-08-2025
  5. 5Belgian Official Gazette, 24-02-2025
  6. 6National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0553.769.733
VAT number
BE 0553.769.733
Peppol ID
0208:0553769733
Other Peppol ID
9925:BE0553769733
Legal form
Public limited company
Status
Active, normal situation
Founded
12-06-2014
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Thursday of May at 10:00
deed of 29-08-2025 (in Dutch)
Peppol
Reachable since 05-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
LUCEDA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-08-2025 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 29-08-2025 (in Dutch)

Activities

NACEBEL 2025
VAT activities
62100 Computer programming main activity
Social security (RSZ) activities
26200 Manufacture of computer, electronic and optical products main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
62010 Computer programming, consultancy and related activities main activity
Social security (RSZ) activities
26200 Manufacture of computer, electronic and optical products main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Vervaardiging van informaticaproducten en van elektronische en optische producten; Vervaardiging van elektronische onderdelen en…”
32 activities
  1. Vervaardiging van informaticaproducten en van elektronische en optische producten
  2. Vervaardiging van elektronische onderdelen en printplaten
  3. Vervaardiging van computers en randapparatuur
  4. Vervaardiging van communicatieapparatuur
  5. Vervaardiging van meet-, en controle-instrumenten en –apparatuur
  6. Vervaardiging van optische instrumenten
  7. Uitgeven van handboeken, training materiaal, en promotiemateriaal
  8. Uitgeven van software
  9. Ontwerpen en programmeren van computerprogramma's, computerconsultancy activiteiten en aanverwante activiteiten
  10. Dienstverlenende activiteiten op het gebied van informatie
  11. Gegevensverwerking, webhosting en aanverwante activiteiten; webportalen
  12. Beheer van computerfaciliteiten
  13. Overige dienstverlenende activiteiten op het gebied van informatie
  14. Ingenieurs en aanverwante technische adviseurs
  15. Technische testen en toetsen
  16. Speur- en ontwikkelingswerk op wetenschappelijk gebied
  17. Mediarepresentatie
  18. Overige gespecialiseerde wetenschappelijke en technische activiteiten
  19. Gespecialiseerde designers
  20. Overige gespecialiseerde wetenschappelijke en technische activiteiten, niet eerder genoemd.
  21. Onderwijs en training
  22. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht), zoals de huurfinanciering van onroerend goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, het ontwerpen en opvolgen van projecten, en het maken van studies met betrekking tot immobiliën; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende en roerende goederen te bevorderen.
  23. Zich borg stellen voor het goede verloop van verbintenissen, door derde personen aangegaan, die het genot zouden hebben van voormelde roerende en onroerende goederen.
  24. Het aanleggen, het oordeelkundig uitbouwen en beheren van een eigen roerend vermogen; alle verrichtingen met betrekking tot eigen roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop, het beheren van aandelen, aandelenopties, obligaties, kasbons, afgeleide producten of andere roerende waarden, van welke vorm ook, uitgegeven door Belgische of buitenlandse emittenten.
  25. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, in eender welke vorm; het zich borg stellen of aval verlenen, in de meest ruime zin; alle handelsoperaties en financiële operaties verrichten, behalve deze die wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
  26. Het waarnemen van bestuursopdrachten en –mandaten, het uitoefenen van opdrachten en functies, het optreden als vereffenaar.
  27. Het verlenen van diensten consulting en adviezen aan derden van financiële, technische, commerciële of administratieve aard in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie, financiën, verkoop, productie en algemeen bestuur.
  28. Het verwerven van participaties, in eender welke vorm, in alle bestaande of op te richten rechtspersonen of ondernemingen; het stimuleren, plannen en coördineren van de ontwikkeling van voormelde rechtspersonen of ondernemingen.
  29. Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten en technologieën en hun toepassingen; het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële vaste activa.
  30. De aan- en verkoop, evenals de in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen
  31. I. Voor eigen rekening, voor rekening van derden of in deelneming met derden
  32. II. Bijzondere bepalingen
deed of 29-08-2025 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Reigerstraat 8 registered office 9000 Ghent 12-06-2014 2.231.914.174
1 former office
  • 9200 Dendermonde until 15-01-2025 · deed of 24-02-2025

Buildings and parcels at the address

Ground area
942 m²
Buildings
376 m²
Volume, LiDAR
3,193 m³
Tallest building
10.2 m
Buildings to scale, each on its own parcel
376 m², 10.2 m 376 m², 10.2 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44809I0631/00X004942 m² 1 · 376 m² 10.2 m · 3

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