NEXT GENERATION LED
ActiveNEXT GENERATION LED has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €814. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-63
Solvency70▼-13
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.81 in 2024), and 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.5%
Return on assets
0.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
29 d early
2023
32 d early
2022
33 d early
2021
58 d early
2020
10 d late
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€98k▲ 0.8%
2024 · €97k
2018: €110k
2019: €34k
2020: €57k
2021: €59k
2022: €65k
2023: €84k
2024: €97k
2018 → 2025
Total assets
€255k▲ 12.0%
2024 · €228k
2018: €414k
2019: €372k
2020: €365k
2021: €297k
2022: €259k
2023: €242k
2024: €228k
2018 → 2025
Net result
€814▼ 93.7%
2024 · €13k
2018: €3k
2019: €-77k
2020: €23k
2021: €3k
2022: €6k
2023: €19k
2024: €13k
2018 → 2025
Working capital
€67k▼ 25.7%
2024 · €90k
2018: €89k
2019: €5k
2020: €23k
2021: €23k
2022: €77k
2023: €86k
2024: €90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€65k▲ 10.7%€84k▲ 28.9%€97k▲ 15.4%€98k▲ 0.8%
Operating result€10k-€14k▲ 37.4%€23k▲ 64.3%€17k▼ 27.1%€5k▼ 72.9%
Net result€3k-€6k▲ 145%€19k▲ 199%€13k▼ 31.1%€814▼ 93.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€46k▲ 70.4%
Current assets
€209k▲ 4.2%
Equity and liabilities €255k
Equity
€98k▲ 0.8%
Debt
€157k▲ 20.3%
The debt ratio rises from 57.3% to 61.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€17k▼
2024 · €24k
Cash flow
€13k▼
2024 · €21k
Solvency
38.5%▼
2024 · 42.7%
Current ratio
1.47▼
2024 · 1.81
Quick ratio
0.19▼
2024 · 0.20
Debt / equity
1.60▲
2024 · 1.34
ROE
0.8%▼
2024 · 13.4%
ROA
0.3%▼
2024 · 5.7%
Interest coverage
3.97▼
2024 · 5.75
Debt
€157k▲
2024 · €130k
Debt ≤ 1 year
€143k▲
2024 · €111k
Debt > 1 year
€14k▼
2024 · €19k
Income taxes
€232▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€228k€255k▲
Fixed assets21/28€27k€46k▲
Tangible fixed assets22/27€23k€42k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€29k▲
Other tangible fixed assets26€17k€11k▼
Financial fixed assets28€4k€4k=
Current assets29/58€201k€209k▲
Stocks and contracts in progress3€179k€182k▲
Stocks30/36€179k€182k▲
Amounts receivable within one year40/41€18k€25k▲
Trade receivables40€18k€25k▲
Cash at bank and in hand54/58€250-
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€228k€255k▲
Equity10/15€97k€98k▲
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€30k€18k▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€18k€5k▼
Profit (loss) carried forward14€-13k-
Amounts payable17/49€130k€157k▲
Amounts payable after more than one year17€19k€14k▼
Financial debts170/4€19k€14k▼
Amounts payable within one year42/48€111k€143k▲
Current portion of amounts payable after more than one year42€17k€26k▲
Financial debts43-€11k
Credit institutions430/8-€11k
Trade debts44€14k€28k▲
Suppliers440/4€14k€28k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Other amounts payable47/48€73k€68k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€12k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€150
Gross operating margin9900€26k€18k▼
Operating profit (loss)9901€17k€5k▼
Financial income75/76B€765€756▼
Recurring financial income75€765€756▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€13k€1k▼
Income taxes67/77€140€232▲
Profit (loss) for the period9904€13k€814▼
Profit (loss) for the period to be appropriated9905€13k€814▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-12k▲
Profit (loss) brought forward from the previous period14P€-26k€-13k▲
Transfer from equity791/2-€12k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-77k ▼2973%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Aalst · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergemeersenstraat 1379300 AalstGround area
378 m²
Building footprint
72 m²
Volume, LiDAR
552 m³
Parcel 41304F0931/00Z000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PAS-NGL
since 19932.062.928.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304F0931/00Z000 | Flanders | 378 m² | 1 · 72 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FRAVALINI
BE 0832.994.626
Izegem · Eq €100k
LP LIGHTING
BE 0842.127.472
Manage · Eq €91k
LEDSPECIALIST
BE 0666.537.775
Lede · Eq €91k
DOMINO
BE 0446.387.961
Zele · Eq €106k
BELUCE
BE 0543.565.234
Knokke-Heist · Eq €90k
Of 267 companies in sector 46474 we hold annual accounts for 181. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-1993
Fiscal year end31-12
Trade name NL
PAS-NGL
Activities, NACEBEL
46474Wholesale trade
52487
47400Retail sale of information and communication equipment
47410Retail trade
47640Retail sale of games and toys
47650Retail trade
52489
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.