Checked.be
Active
BE 0441.130.264Private limited company (pre-2019)
ON - OFF
Diestsestraat 161 ·3000 Leuven, Belgium· 36 yrs active
Sector: Retail sale of lighting equipment
(47552)
Conclusion
ON - OFF has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €-12k. Equity is shrinking by ~27.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 39% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €12k |
| Net result | €-12k |
| Better than sector | 39% |
| Active | 36 yrs |
Financial profile
32
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
2
Profitability
0
Solvency
25
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1990, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
2
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
50
2022
100
2023
47
2024
2
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.83 (< 1.0)
-10
Quick ratio
Quick ratio 0.30 (< 0.6)
-5
Leverage
Debt/equity 3.66 (> 3.0)
-10
Profitability
Negatieve ROE -100%
-10
Interest coverage
Interest coverage -26.6× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.5% | 34.6% | |
| Net result | €-12k | €5k | |
| Equity | €12k | €44k | |
| Gross operating margin | €-9k | €34k | |
| Total assets | €54k | €154k |
€-11k
-31.0%
22-25
€-12k
-34.4%
22-25
€-11k
-29.9%
22-25
€54k
+26.2%
22-25
€12k
-50.1%
22-25
€-7k
-
22-25
€282
+1.0%
22-25
€43k
+116.9%
22-25
€43k
+116.9%
22-25
0.83
-61.9%
22-25
0.30
-69.0%
22-25
21.5%
-60.4%
22-25
3.66
+334.4%
22-25
-100.3%
-169.2%
22-25
-21.5%
-6.5%
22-25
-26.62
-3.5%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-11k | €-8k | €7k | €-6k |
| Net profit | €-12k | €-9k | €4k | €-8k |
| Cash flow | €-11k | €-9k | €6k | €-7k |
| Staff costs | - | - | - | - |
| Income taxes | €282 | €279 | €263 | €239 |
| Dividends | - | - | - | - |
| Total assets | €54k | €43k | €48k | €43k |
| Equity | €12k | €23k | €32k | €28k |
| Debt | €43k | €20k | €15k | €15k |
| of which ≤ 1y | €43k | €20k | €15k | €14k |
| of which > 1y | - | - | - | - |
| Working capital | €-7k | €23k | €32k | €28k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.83 | 2.19 | 3.07 | 3.02 |
| Quick ratio | 0.30 | 0.97 | 1.48 | 0.63 |
| Working capital ratio | -13.1% | 54.3% | 67.4% | 64.9% |
| Solvency | 21.5% | 54.3% | 67.4% | 64.8% |
| Debt / equity | 3.66 | 0.84 | 0.48 | 0.54 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -26.62 | -25.72 | 5.28 | -18.56 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -21.5% | -20.2% | 9.0% | -19.2% |
| ROE | -100.3% | -37.3% | 13.4% | -29.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €54k | €43k | €48k | €43k |
| Fixed assets | 21/28 | €19k | - | - | €1k |
| Tangible fixed assets | 22/27 | €19k | - | - | €1k |
| Current assets | 29/58 | €35k | €43k | €48k | €42k |
| Stocks & contracts in progress | 3 | €23k | €24k | €25k | €33k |
| Amounts receivable within one year | 40/41 | €326 | €10k | €2k | €5k |
| Cash & bank | 54/58 | €12k | €9k | €20k | €3k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €54k | €43k | €48k | €43k |
| Equity | 10/15 | €12k | €23k | €32k | €28k |
| Contributions / capital | 10/11 | €8k | €8k | €8k | €8k |
| Reserves | 13 | €4k | €16k | €24k | €20k |
| Amounts payable | 17/49 | €43k | €20k | €15k | €15k |
| Amounts payable within one year | 42/48 | €43k | €20k | €15k | €14k |
| Trade debts payable within one year | 44 | €11k | €10k | €7k | €9k |
| Income statement | |||||
| Gross operating margin | 9900 | €-9k | €-7k | €8k | €-5k |
| Operating result | 9901 | €-11k | €-8k | €6k | €-8k |
| Financial charges | 65 | €399 | €315 | €1k | €337 |
| Result before taxes | 9903 | €-11k | €-8k | €5k | €-8k |
| Income taxes | 67/77 | €282 | €279 | €263 | €239 |
| Net result for the period | 9904 | €-12k | €-9k | €4k | €-8k |
| Result to be appropriated | 9905 | €-12k | €-9k | €4k | €-8k |
Legal Structure
| NACE primary | Retail sale of lighting equipment(47552) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 19-06-1990 |
| Status | Active |
| Postal code | 3000 |
Establishment units
ON/OFF
since 19902.049.241.695
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0932/00C000 | Flanders | 42 m² | 1 · 43 m² | 9.2 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Retail sale of lighting equipment47552Retail trade4759252442General electrical installation work43211Other professional, scientific and technical activities74104Interior design74130
Names & trade names
| Legal nameNL | ON - OFF |
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