Tungsten Light

Active

Private limited companyfounded 201610 yrs activeTuintjeslaan 6, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0648.773.711

Summary

The annual accounts of Tungsten Light for fiscal year 2025 show a net loss of 182% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €16,823 and a net result of -€32,104. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 38827 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

Tungsten LightActiveChecked score 55/100

Risk analysis Report Compare

Activity

Business and other management consultancy

NACE 70200Business consulting NACE 70220

1 site

Size

€17,625total assets 2025

Equity: €16,823
Loss: -€32,104

Turnover not published (abridged schema)

Financial health

55 Fair Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Accounts 35 d early0 of 3 deeds read

Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €32,104 (FY 2025)+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €17,625+ Liquidity: current ratio 21.03, cash €10,326, halvedShow the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 49% of its sector peers (NACE 70, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+18

equity 95.4% of total assets

Liquidity 100+21

short-term debt 4.6% · cash 58.6%

Profitability 0-97

return on assets -182.2%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (48,265 companies)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%▼ -3.7% vs 12-2024 02-2025: < 0.1%▼ -3.8% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +4.0% vs 03-2025 05-2025: < 0.1%▲ +7.7% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -7.1% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%▲ +3.8% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▲ +7.4% vs 06-2026 08-2026: < 0.1%▲ +24.1% vs 07-2026 09-2026: < 0.1%▲ +11.1% vs 08-2026 10-2026: < 0.1%▲ +20.0% vs 09-2026highest value

Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
Size: total assets €17,625 lowers the probability for this profile
Loss of €32,104 (FY 2025) raises the probability
Liquidity: current ratio 21.03, cash €10,326, halved lowers the probability

Credit up to €500 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 21.03 against 2.3 in 2024; short-term debt: 4.6% and cash: 58.6% of total assets), and 4.6% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 86%, liquidity 97%, profitability 4%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Activities of head offices; management consultancy activities (NACE 70)

In the bankruptcy model this factor lowers the probability.

KBO

Size: total assets €17,625

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Loss of €32,104 (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 21.03, cash €10,326, halved

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

35 d early

2024

119 d early

2023

76 d early

2022

26 d early

2021

72 d early

2020

67 d early

2019

48 d late

← 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 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 20 May (4 of the last 5 filed years within 46 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

26-06-26 Annual accounts filedfiscal year 2025 · micro…
31-12-25 Weakest financial yearnet -€32,104
31-12-25 Liquidity times 9current ratio 21.03

Key points

Caution: From profit to loss in 2025after €19,358 in 2024 -€32,104 View
Caution: Among the weakest 5% on net resultsector median €27,140 · 38,841 companies -€32,104 View
Positive: Always filed on timeaccounts within the deadline every year 6 years View