Brightspace
ActiveSummary
Brightspace has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-108k) and a net result of €6k. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+48
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.0 in 2024; short-term debt: 168.5% and cash: 23.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-75.4%
Return on assets
4.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
11 d late
2024
31 d early
2023
33 d early
2022
32 d early
2021
39 d early
2020
9 d late
2019
45 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, micro schema
Equity
€-108k▲ 5.1%
2024 · €-114k
2018: €10k
2019: €-2k
2020: €-100k
2021: €-93k
2022: €-89k
2023: €-103k
2024: €-114k
2018 → 2025
Total assets
€144k▲ 158%
2024 · €56k
2018: €132k
2019: €93k
2020: €80k
2021: €70k
2022: €63k
2023: €59k
2024: €56k
2018 → 2025
Net result
€6k
2024 · €-12k
2018: €108k
2019: €-12k
2020: €-98k
2021: €7k
2022: €4k
2023: €-14k
2024: €-12k
2018 → 2025
Working capital
€-153k▲ 4.0%
2024 · €-160k
2018: €-59k
2019: €-67k
2020: €-159k
2021: €-145k
2022: €-139k
2023: €-149k
2024: €-160k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-93k-€-89k▲ 4.8%€-103k▼ 15.9%€-114k▼ 11.3%€-108k▲ 5.1%
Operating result€11k-€9k▼ 16.1%€-5k€-2k▲ 56.8%€16k
Net result€7k-€4k▼ 32.7%€-14k€-12k▲ 17.8%€6k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€55k =
Current assets
€89k ▲ 13,751%
Key figures and ratios
Solvency
-75.4%▲
2024 · -205.2%
Current ratio
0.37▲
2024 · 0.00
Debt to equity
-2.33▼
2024 · -1.49
ROA
4.1%▲
2024 · -20.8%
Debt
€252k▲
2024 · €170k
Debt ≤ 1 year
€242k▲
2024 · €160k
Staff costs
€0▼
2024 · €163
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€56k€144k▲
Fixed assets21/28€55k€55k=
Tangible fixed assets22/27€55k€55k=
Other tangible fixed assets26€55k€55k=
Current assets29/58€641€89k▲
Amounts receivable within one year40/41€427€48k▲
Trade receivables40€0€48k▲
Other amounts receivable41€427€0▼
Cash at bank and in hand54/58€214€33k▲
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€56k€144k▲
Equity10/15€-114k€-108k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-134k€-128k▲
Amounts payable17/49€170k€252k▲
Amounts payable within one year42/48€160k€242k▲
Trade debts44€438€67k▲
Suppliers440/4€438€67k▲
Taxes, remuneration and social security45€448€4k▲
Taxes450/3€448€4k▲
Other amounts payable47/48€160k€171k▲
Accrued charges and deferred income492/3€9k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€163€0▼
Other operating charges640/8€627€544▼
Gross operating margin9900€-2k€16k▲
Operating profit (loss)9901€-2k€16k▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€-12k€6k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-12k€6k▲
Profit (loss) for the period to be appropriated9905€-12k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-134k€-128k▲
Profit (loss) brought forward from the previous period14P€-123k€-134k▼
The notes to these accounts (9 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €-98k
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
07-03
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2017
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.
Interleuvenlaan 743001 LeuvenGround area
1.6 ha
Building footprint
1,753 m²
Volume, LiDAR
10,660 m³
Parcel 24514C0079/00G002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brightspace
since 20172.260.661.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0079/00G002 | Flanders | 1.6 ha | 1 · 1,753 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
Connections & network
5 connected companiesLinked via shared directors
Shared director
→
Shared director
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Shared director
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Shared director
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Show 1 more companies with a shared director
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Similar companies · same sector, comparable size
Change2Perform
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BE 0778.993.043
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FuneVerlinde
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EJL MANAGEMENT
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SAIDO
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 22,889 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 formPrivate limited company
Founded03-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82300Organisation of conventions and trade shows
63920Other information service activities
64210Activities of holding companies
70100Activities of head offices
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.