ELEC - LIGHTIN' ART
ActiveSummary
ELEC - LIGHTIN' ART has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €702k and a net result of €-128k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17=
Solvency38=
Growth32▼-1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 1.18 in 2024; short-term debt: 73% and cash: 2.7% of total assets), and 86.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
13.4%
Return on assets
-2.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-128k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 15%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
38 d early
2023
28 d early
2022
21 d early
2021
30 d early
2020
18 d early
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.32M▼ 6.1%
2024 · €13.12M
2018: €12.78M
2019: €12.88M
2020: €12.58M
2021: €13.11M
2022: €13.73M
2023: €13.47M
2024: €13.12M
2018 → 2025
EBIT margin
-0.7%▲ 0.2pp
2024 · -0.9%
2018: -1.3%
2019: -1.5%
2020: 0.4%
2021: 0.1%
2022: 0.0%
2023: -0.6%
2024: -0.9%
2018 → 2025
Net result
€-128k▲ 20.8%
2024 · €-162k
2018: €-110k
2019: €-151k
2020: €111k
2021: €43k
2022: €10k
2023: €-112k
2024: €-162k
2018 → 2025
Working capital
€895k▲ 4.1%
2024 · €860k
2018: €804k
2019: €690k
2020: €910k
2021: €951k
2022: €963k
2023: €1.08M
2024: €860k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.11M-€13.73M▲ 4.7%€13.47M▼ 1.9%€13.12M▼ 2.5%€12.32M▼ 6.1%
Equity€1.09M-€1.10M▲ 0.9%€992k▼ 10.2%€830k▼ 16.3%€702k▼ 15.4%
Operating result€14k-€5k▼ 65.4%€-87k€-118k▼ 35.6%€-80k▲ 31.8%
Net result€43k-€10k▼ 75.8%€-112k€-162k▼ 44.0%€-128k▲ 20.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €80k in 2025 against €118k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.25M
Fixed assets
€523k ▲ 4.2%
Current assets
€4.73M ▼ 18.0%
Equity and liabilities €5.25M
Equity
€702k ▼ 15.4%
Debt
€4.55M ▼ 16.4%
Debt's share of the balance-sheet total falls from 86.8% to 86.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-12k▲
2024 · €-47k
Cash flow
€-60k▲
2024 · €-90k
Current ratio
1.23▲
2024 · 1.18
Quick ratio
0.75▼
2024 · 0.78
Debt to equity
6.48▼
2024 · 6.56
ROE
-18.2%▲
2024 · -19.5%
ROA
-2.4%▲
2024 · -2.6%
Interest coverage
-0.11▲
2024 · -0.34
Debt ≤ 1 year
€3.84M▼
2024 · €4.91M
Debt > 1 year
€704k▲
2024 · €531k
Income taxes
€3k▼
2024 · €4k
Staff costs
€1.87M▼
2024 · €1.95M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 76 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.27M€5.25M▼
Fixed assets21/28€502k€523k▲
Intangible fixed assets21€78k€149k▲
Tangible fixed assets22/27€423k€374k▼
Land and buildings22€291k€291k=
Plant, machinery and equipment23€708€4k▲
Furniture and vehicles24€77k€40k▼
Leasing and similar rights25€20k€9k▼
Other tangible fixed assets26€34k€31k▼
Current assets29/58€5.77M€4.73M▼
Stocks and contracts in progress3€1.93M€1.87M▼
Stocks30/36€1.93M€1.87M▼
Goods purchased for resale34€1.93M€1.87M▼
Amounts receivable within one year40/41€3.58M€2.61M▼
Trade receivables40€3.58M€2.61M▼
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€173k€140k▼
Deferred charges and accrued income490/1€87k€106k▲
Equity and liabilities
Total equity and liabilities10/49€6.27M€5.25M▼
Equity10/15€830k€702k▼
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€155k€155k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€32k€32k=
Distributable reserves133€115k€115k=
Profit (loss) carried forward14€590k€462k▼
Amounts payable17/49€5.44M€4.55M▼
Amounts payable after more than one year17€531k€704k▲
Financial debts170/4€531k€704k▲
Leasing and similar obligations172€10k€5k▼
Credit institutions173€522k€488k▼
Other loans174-€211k
Amounts payable within one year42/48€4.91M€3.84M▼
Current portion of amounts payable after more than one year42€104k€125k▲
Financial debts43€2.55M€1.31M▼
Credit institutions430/8€2.55M€1.31M▼
Trade debts44€1.78M€2.03M▲
Suppliers440/4€1.78M€2.03M▲
Taxes, remuneration and social security45€332k€304k▼
Taxes450/3€107k€111k▲
Remuneration and social security454/9€225k€193k▼
Other amounts payable47/48€147k€65k▼
Accrued charges and deferred income492/3€48€12k▲
Income statement
Code20242025
Operating income70/76A€13.18M€12.40M▼
Turnover70€13.12M€12.32M▼
Other operating income74€57k€57k▼
Non-recurring operating income76A€5k€30k▲
Operating charges60/66A€13.30M€12.48M▼
Goods for resale, raw materials and consumables60€10.19M€9.48M▼
Purchases600/8€10.25M€9.43M▼
Change in stocks: decrease (increase)609€-61k€56k▲
Services and other goods61€1.05M€895k▼
Remuneration, social security and pensions62€1.95M€1.87M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€68k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€-180k▼
Other operating charges640/8€35k€332k▲
Non-recurring operating charges66A-€19k
Operating profit (loss)9901€-118k€-80k▲
Financial income75/76B€108k€78k▼
Recurring financial income75€108k€78k▼
Other financial income752/9€108k€78k▼
Financial charges65/66B€148k€123k▼
Recurring financial charges65€148k€123k▼
Debt charges650€139k€114k▼
Other financial charges652/9€8k€9k▲
Profit (loss) for the period before taxes9903€-158k€-125k▲
Income taxes67/77€4k€3k▼
Taxes670/3€4k€3k▼
Profit (loss) for the period9904€-162k€-128k▲
Profit (loss) for the period to be appropriated9905€-162k€-128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€590k€462k▼
Profit (loss) brought forward from the previous period14P€752k€590k▼
Social balance
Average headcount (FTE)908728.725.9▼
The notes to these accounts (84 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
12-08
State Gazette act
Reappointment: WIN CO (director)Permanent representative: Wim Lumbeeck3 facts ▸
State Gazette act
Reappointment: WIN CO (director)
Permanent representative: Wim Lumbeeck3 facts ▸
- General meeting, 30 juni 2026
- Director reappointment, WIN CO (director)
- Permanent representative, Wim Lumbeeck
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-162k
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €111k
Net result €111k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.05M ▲11.9%
Equity rises from €939k to €1.05M.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Location & real-estate footprint
Registered office, Antwerpen · 3 establishment units since 1992
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.
Keesinglaan 212100 AntwerpenGround area
3,417 m²
Building footprint
1,655 m²
Volume, LiDAR
12,542 m³
3 parcels, Flanders · tallest building 36.0 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
ELEC - LIGHTIN' ART
since 19922.022.786.728
ELEC - LIGHTIN' ART
since 19942.022.786.827
ELEC - LIGHTIN' ART
since 20012.022.786.530
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0167/00K000 | Flanders | 1,774 m² | 1 · 1,157 m² | 36.0 m · 2 fl. |
| 13452M0112/00F000 | Flanders | 1,290 m² | 1 · 215 m² | 11.3 m · 3 fl. |
| 12404F0059/00W004 | Flanders | 352 m² | 1 · 283 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 512 EUR awarded · 512 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 50 EUR | 50 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
| 2022 | 2 | 327 EUR | 327 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
CDVI Benelux
BE 0887.125.970
Zwevegem · Eq €700k
DIERCKX TECHNICS
BE 0457.156.941
Wijnegem · Eq €706k
FLOGELEC
BE 0808.607.539
Arlon · Eq €707k
LASER MECHANISMS EUROPE
BE 0464.838.747
Destelbergen · Eq €709k
SAFE AND SOUND
BE 0463.952.978
Ukkel · Eq €710k
Of 1,247 companies in sector 46643 we hold annual accounts for 954. 705 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-06-1983
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+3233263940