Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LITES from Vilvoorde, company number BE0438811073, closed financial year 2025 with a result of € -1 million after tax. For that financial year LITES recorded a gross margin of € 3.3 million and equity of € 9.2 million. Compared with financial year 2024, the result moved from € 848,981 to € -1 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 9.2 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ still € 848,981 profit in 2024
Profit after tax over the fiscal year.
€ 14,680
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.3 million.
People and assets in 2025
14.4
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 690,036
▼ 22% vs 2024
€ 47,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.9 million
▼ 5% vs 2024
Of which on lease € 2.5 million.
Debts at end 2025
€ 17.1 million
▲ 4% vs 2024
€ 3.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.5 million
▲ 124% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 79,666
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,744,549 | € 5,192,305 | € 6,617,461 | € 3,331,438 | ▼ 50% |
| Profit after taxes | € 638,400 | € 114,544 | € 848,981 | € -1,027,412 | ▼ € 1.9 million |
| Equity | € 10,055,664 | € 10,120,208 | € 10,919,188 | € 9,191,776 | ▼ 16% |
| Total debts | € 20,298,168 | € 19,584,162 | € 18,456,031 | € 19,257,754 | ▲ 4% |
| Cash | € 25,387 | € 4,758 | € 77,530 | € 14,680 | ▼ 81% |
| Land & buildings | € 18,624,799 | € 17,670,311 | € 17,030,698 | € 18,340,169 | ▲ 8% |
| Retained profit | € 2,270,264 | € 2,764,808 | € 3,993,788 | € 3,346,376 | ▼ 16% |
| Bank debt | € 18,891,631 | € 17,472,751 | € 16,473,999 | € 17,057,965 | ▲ 4% |
| Balance sheet total | € 30,705,567 | € 30,032,655 | € 29,680,056 | € 28,730,918 | ▼ 3% |
| Employees (FTE) | 18.5 | 15.3 | 16.6 | 14.4 | ▼ 2.2 |
Key figures of LITES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LITES?
What happened at LITES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1 million (▼ € 1.9 million vs 2024). Source: NBB ↗
- New establishment in Vilvoorde. KBO
- New establishment in Vilvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 638,400 profit in 2022 to € 1 million loss in 2025.
Paid € 446,733 in corporate taxes since 2022.
Best year ever: 2024, with € 848,981 profit.
On average € 231,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Waki comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LITESBehind LITES are Karen Jensen and Waki BV. The shares are held by Waki (99.1%).
Directors
According to the 2025 annual accounts
Karen Jensen
Director
Managing director · represented by Willem Michiels
Also active at: CINEDIVING, Lites Film, CinéLITES
Shareholders
99.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Fabrieksstraat 81
1800 Vilvoorde
Mechelsesteenweg 319
1800 Vilvoorde
Active since 1 December 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.811.073
- VAT number
- BE 0438.811.073
- Registered office
- Fabrieksstraat 81, 1800 Vilvoorde
- Names & denominations
- LITES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1989
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Productie van televisiefilms
Activiteiten in verband met films en video- en televisieprogramma’s na de productie
Diensten verwant aan de filmproductie