Brighteye
ActiveBrighteye has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.30M and a net result of €42k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 1394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-38
Solvency77=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.17 in 2024), and 51.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
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
48.3%
Return on assets
0.9%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
20 d early
2023
16 d early
2022
17 d early
2021
16 d late
2020
15 d early
2019
on the day
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▼ 80.5%
2024 · €213k
2018: €18k
2019: €28k
2020: €240k
2021: €684k
2022: €765k
2023: €46k
2024: €213k
2018 → 2025
Working capital
€491k▲ 80.5%
2024 · €272k
2018: €-150k
2019: €263k
2020: €154k
2021: €291k
2022: €273k
2023: €-154k
2024: €272k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.24M-€2.00M▲ 61.7%€2.05M▲ 2.3%€2.26M▲ 10.4%€2.30M▲ 1.8%
Operating result€767k-€912k▲ 19.0%€137k▼ 85.0%€335k▲ 144%€131k▼ 61.0%
Net result€684k-€765k▲ 11.9%€46k▼ 94.0%€213k▲ 367%€42k▼ 80.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.77M
Fixed assets
€2.39M▼ 6.5%
Current assets
€2.37M▲ 28.8%
Equity and liabilities €4.77M
Equity
€2.30M▲ 1.8%
Debt
€2.46M▲ 15.1%
The debt ratio rises from 48.6% to 51.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.18M▼
2024 · €1.20M
Cash flow
€1.09M▲
2024 · €1.08M
Solvency
48.3%▼
2024 · 51.4%
Current ratio
1.26▲
2024 · 1.17
Quick ratio
1.26▲
2024 · 1.17
Debt / equity
1.07▲
2024 · 0.95
ROE
1.8%▼
2024 · 9.4%
ROA
0.9%▼
2024 · 4.8%
Interest coverage
13.72▲
2024 · 12.46
Debt
€2.46M▲
2024 · €2.14M
Debt ≤ 1 year
€1.88M▲
2024 · €1.57M
Debt > 1 year
€534k▼
2024 · €569k
Income taxes
€3k▼
2024 · €26k
Staff costs
€1.91M▲
2024 · €1.50M
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€4.40M€4.77M▲
Fixed assets21/28€2.56M€2.39M▼
Intangible fixed assets21€2.42M€2.27M▼
Tangible fixed assets22/27€130k€113k▼
Land and buildings22€9k€8k▼
Plant, machinery and equipment23€29k€21k▼
Furniture and vehicles24€93k€84k▼
Financial fixed assets28€5k€5k=
Current assets29/58€1.84M€2.37M▲
Amounts receivable within one year40/41€1.71M€2.24M▲
Trade receivables40€1.67M€2.18M▲
Other amounts receivable41€42k€64k▲
Cash at bank and in hand54/58€132k€108k▼
Deferred charges and accrued income490/1€0€25k▲
Equity and liabilities
Total equity and liabilities10/49€4.40M€4.77M▲
Equity10/15€2.26M€2.30M▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€2.20M€2.24M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€2.19M€2.23M▲
Amounts payable17/49€2.14M€2.46M▲
Amounts payable after more than one year17€569k€534k▼
Financial debts170/4€569k€534k▼
Amounts payable within one year42/48€1.57M€1.88M▲
Current portion of amounts payable after more than one year42€149k€188k▲
Financial debts43€928k€1.05M▲
Credit institutions430/8€928k€1.05M▲
Trade debts44€290k€369k▲
Suppliers440/4€290k€369k▲
Taxes, remuneration and social security45€204k€277k▲
Taxes450/3€60k€72k▲
Remuneration and social security454/9€145k€205k▲
Accrued charges and deferred income492/3€0€45k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.50M€1.91M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€868k€1.05M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-814€283k▲
Other operating charges640/8€24k€5k▼
Gross operating margin9900€2.72M€3.38M▲
Operating profit (loss)9901€335k€131k▼
Financial income75/76B€220€0▼
Recurring financial income75€220€0▼
Financial charges65/66B€97k€86k▼
Recurring financial charges65€97k€86k▼
Profit (loss) for the period before taxes9903€238k€45k▼
Income taxes67/77€26k€3k▼
Profit (loss) for the period9904€213k€42k▼
Profit (loss) for the period to be appropriated9905€213k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€213k€42k▼
Transfer to equity691/2€213k€42k▼
To other reserves6921€213k€42k▼
Social balance
Average headcount (FTE)908716.621.4▲
The notes to these accounts (22 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
28-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Permanent representative6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Permanent representative6 facts ▸
- General meeting, 16/02/2026
- Director resignation, Mantech BV (gedelegeerd bestuurder)
- Permanent representative, Lieven Decorte
- Director appointment, Alexander Engineering BV metals (gedelegeerd bestuurder)
- Director appointment, Alexander Engineering BV metals (bestuurder)
- Permanent representative, Alexander Moentjens
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €765k ▲11.9%
Operating result €912k, net result €765k, both a record.
31-12
Financial
Equity above €2MEq €2.00M ▲61.7%
5 profitable years in a row build equity to €2.00M.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Equity above €1MEq €1.24M ▲123%
4 profitable years in a row build equity to €1.24M.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €556k ▲75.7%
3 profitable years in a row build equity to €556k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Alexander Engineering
CurrentManaging director · since 02-03-2026 · Private limited company · perm. rep.: Alexander Moentjens
02-03-2026
Alexander Engineering: Appointed as Managing director
02-03-2026
Alexander Engineering: Appointed as Director
02-03-2026
MANTECH: Resigned as Managing director
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 2003
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.
Leen-ter Hellenstraat 18850 ArdooieGround area
4,260 m²
Building footprint
199 m²
Volume, LiDAR
1,001 m³
Parcel 36001E0242/00B000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leen-ter Hellenstraat 1, 8850 Ardooie
since 20032.133.966.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0242/00B000 | Flanders | 4,260 m² | 1 · 199 m² | 8.0 m · 2 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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
BrighteyeBE 0861.196.484
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Of 1,221 companies in sector 33200 we hold annual accounts for 675. 250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-10-2003
Fiscal year end31-12
Activities, NACEBEL
30020
33200Installation of industrial machinery and equipment
33300
62010Computer programming, consultancy and related activities
62100Computer programming
62900Other information technology and computer services
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.