Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of LYTE-STUDIOS is 0.6% (low). The 2025 annual accounts show equity of €12k and a net result of €-4k. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 2749 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
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 administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-4k
Working capital€2k+44.6%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 21-05-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~2.5%/year over 3 fiscal years, indicative, 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 62, Computer programming & consultancy · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.4% | 62.2% | |
| Net result | €-4k | €40k | |
| Equity | €12k | €62k | |
| Gross operating margin | €3k | €63k | |
| Total assets | €22k | €121k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P43
Stable position over 2023-2025
· n=2749-7336
P9
Weakening position over 2023-2025
· n=2751-7333
P23
Stable position over 2023-2025
· n=2750-7338
P9
Weakening position over 2023-2025
· n=2751-7327
Describes the position versus peers, not a forecast.
€3k
-75.7%
-91% vs sector
€-4k
-
far below sector median
€2k
-79.2%
-91% vs sector
€22k
-31.4%
-95% vs sector
€12k
-25.5%
-94% vs sector
€2k
+44.6%
-98% vs sector
€1k
-59.2%
-90% vs sector
€10k
-37.2%
-94% vs sector
€10k
-37.2%
-93% vs sector
1.17
+9.0%
-27% vs sector
1.17
+9.0%
-24% vs sector
53.4%
+8.7%
-5% vs sector
0.87
-15.7%
+12% vs sector
-34.2%
-
far below sector median
-18.3%
-
far below sector median
3.76
-90.6%
-84% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €3k |
| Net profit | €-4k |
| Cash flow | €2k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €22k |
| Equity | €12k |
| Debt | €10k |
| of which ≤ 1y | €10k |
| of which > 1y | - |
| Working capital | €2k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.17 |
| Quick ratio | 1.17 |
| Working capital ratio | 8.0% |
| Solvency | 53.4% |
| Debt / equity | 0.87 |
| Long-term debt ratio | - |
| Interest coverage | 3.76 |
| Gross margin | - |
| Net margin | - |
| ROA | -18.3% |
| ROE | -34.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €22k |
| Fixed assets | 21/28 | €10k |
| Tangible fixed assets | 22/27 | €7k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €12k |
| Amounts receivable within one year | 40/41 | €7k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €22k |
| Equity | 10/15 | €12k |
| Contributions / capital | 10/11 | €300 |
| Reserves | 13 | €16k |
| Accumulated profits (losses) | 14 | €-4k |
| Amounts payable | 17/49 | €10k |
| Amounts payable within one year | 42/48 | €10k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €3k |
| Operating result | 9901 | €-3k |
| Financial charges | 65 | €761 |
| Result before taxes | 9903 | €-4k |
| Net result for the period | 9904 | €-4k |
| Result to be appropriated | 9905 | €-4k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2025 · computed65
/ 100
Healthy
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (25068805). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
Current29-04-2025 → present
-
Current29-04-2025 → present
-
Current29-04-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwerpen van computerprogramma’s(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 14-09-2023 |
| Status | Active |
| Postal code | 8800 |
Structure & network
Connections & network
6 connected companiesLinked via shared directors
viaPeter De Brabandere · Director
→
viaPeter De Brabandere · Permanent representative
→
viaPeter De Brabandere · Director
→
viaPeter De Brabandere · Permanent representative
→
viaPeter De Brabandere · Director
former→
Network connections
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationLYTE-STUDIOS
since 20232.349.483.223
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5,931 m²
Buildings1
Building footprint229 m²
Volume (LiDAR)263 m³
Tallest building8.5 m
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1670/00C000 | Flanders | 5,931 m² | 1 · 229 m² | 8.5 m |
Methodology
via registered seat: 1
1 of 1 parcels 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
Belgisch Staatsblad · acts
5 acts Address history · 2
18-02-2026
v3.2
26-04-2024
v3.2
All acts · 5
updated 5 months ago
2026
18-02-2026 Registered office moved from Kortrijk to Roeselare
- Rijselsestraat 8, 8500 Kortrijk → Zilverbergstraat 176, 8800 Roeselare
Summary:
v3.2
2025
19-06-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Christophe KINT · StadenFirm:
KINT-MAERTENS-VANDERMEERSCH, geassocieerd notarissen
30-05-2025 3 directors appointed
- Peter DE BRABANDERE, Bestuurder
- Veronique VERBEKE, Bestuurder
- Mathis DE BRABANDERE, Bestuurder
Summary:
v3.2
2024
26-04-2024 Registered office moved within Kortrijk
- Louis Robbeplein 8, 8500 Kortrijk → Rijselsestraat 8, 8500 Kortrijk
Summary:
v3.2
2023
18-09-2023 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes51
/ 100
Mixed profile: strong on stability, weaker on profitability.
Health
65
Profitability
0
Solvency
78
Growth
32
Stability
82
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verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Beheer van computerfaciliteiten62030Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | LYTE-STUDIOS |
Registered office
Zilverbergstraat 176
8800 Roeselare, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.