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Ingenioled Green Lighting

Active
Private limited company (pre-2019)·Vervaardiging van onderdelen van elektrische installaties· 13 yrs active
Guldenvliesgalerij 396-398 ·1050 Elsene, Belgium
KBO/BCE: BE 0504.889.849
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Age13 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Ingenioled Green Lighting is 1.9% (moderate). The 2023 annual accounts show negative equity (€-107) and a net result of €-2k. Equity is shrinking by ~19.6% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.9% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Long track record

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 398 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not confirmed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 07-10-2024 68 d late 2024-00495633
31-12-2022 31-07-2023 09-10-2023 70 d late 2023-00476808
31-12-2021 31-07-2022 30-08-2022 30 d late 2022-20343587
31-12-2020 31-07-2021 26-08-2021 26 d late 2021-56400486
31-12-2019 31-07-2020 09-10-2020 70 d late 2020-60100334
31-12-2018 31-07-2019 04-07-2019 27 d early 2019-27900533
31-12-2017 31-07-2018 19-06-2018 42 d early 2018-19400425
31-12-2016 31-07-2017 21-06-2017 40 d early 2017-18900173
31-12-2015 31-07-2016 01-06-2016 60 d early 2016-14100208
31-12-2014 31-07-2015 04-06-2015 57 d early 2015-14500508

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2013, 13 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.

Financials

TurnoverNot published (micro schema)
EBIT marginNot published (micro schema)
Net result€-2k+81.7%
Working capital€624-74.9%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 07-10-2024 with the NBB · fiscal year 2023 · micro
€-20k€-10k€0€10k€20kOperating result 2019: €4k€4kNet result 2019: €3k€3kOperating result 2020: €17k€17kNet result 2020: €16k€16kOperating result 2021: €-7k€-7kNet result 2021: €-50€-50Operating result 2022: €-12k€-12kNet result 2022: €-12k€-12kOperating result 2023: €-2k€-2kNet result 2023: €-2k€-2k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~19.6%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-20k€-10k€0€10k2024: €-726 (€-3k - €2k)2025: €-3k (€-7k - €1k)2026: €-5k (€-11k - €858)2018: €10k2019: €11k2020: €14k2021: €14k2022: €2k2023: €-107201820192020202120222023202420252026
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).

EBITDA
€-12k
-77.4% 18-23
Net profit
€-2k
+81.7% 18-23
Cash flow
€-12k
- 18-23
Total assets
€8k
-56.0% 18-23
Equity
€-107
- 18-23
Working capital
€624
-74.9% 18-23
Income taxes
€224
-85.9% 18-23
Debt
€8k
-49.3% 18-23
Show 8 other metrics
Debt ≤ 1y
€7k
-52.9% 18-23
Current ratio
1.09
-6.5% 18-23
Quick ratio
1.09
-6.5% 18-23
Solvency
-1.4%
- 18-23
Debt / equity
-74.16
- 18-23
ROE
2092.5%
- 18-23
ROA
-28.6%
+58.3% 18-23
Interest coverage
-37.28
-295.3% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit€-2k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€8k
Equity€-107
Debt€8k
of which ≤ 1y€7k
of which > 1y-
Working capital€624
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.09
Quick ratio1.09
Working capital ratio7.9%
Solvency-1.4%
Debt / equity-74.16
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-28.6%
ROE2092.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€8k
Current assets 29/58€8k
Amounts receivable within one year 40/41€8k
Cash & bank 54/58€117
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€8k
Equity 10/15€-107
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€-8k
Amounts payable 17/49€8k
Amounts payable within one year 42/48€7k
Trade debts payable within one year 44€7k
Income statement
Gross operating margin 9900€-2k
Operating result 9901€-2k
Financial income 75€239
Financial charges 65€0
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
50 / 100 Fair
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Guldenvliesgalerij 396-3981050 Elsene

Establishment units

1 location
INFENIOLED GREEN LIGHTING
Gulden Vlieslaan 396-398, 1000 BrusselVervaardiging van verlichtingsapparaten
since 20132.216.691.114
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area372 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0368/00K002 Brussels 372 m² - -
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured
Health50Profitability100Solvency46Growth32Stability100
66 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 50
Profitability 100
Solvency 46
Growth 32
Stability 100

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 6 of the 35 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van onderdelen van elektrische installaties27330Overige niet-gespecialiseerde detailhandel47120Detailhandel via postorderbedrijven of via internet47910Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameFR Ingenioled Green Lighting
Registered office
Guldenvliesgalerij 396-398
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.