ACTIVE

14U

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Financial year 2025 · closed on 31/12/2025

Net result

166,8 k €

+59.8% YoY

Gross margin

212 k €

+29.6% YoY

Equity

1,1 M €

+17.4% YoY

Workforce

0,0 ETP

What does 14U do?

14U is a Public limited company incorporated in 1995. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.787.549

Incorporation

21/12/1995

Legal form

Public limited company

Registered office

Groenbek 21
8790 Waregem · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	212 k €	+29.6%	163,6 k €	-26.6%	222,8 k €	-36.0%	348 k €	+35.8%	256,3 k €	+76.4%	145,3 k €	-34.8%	222,9 k €	-61.2%	574 k €	+148%	231,6 k €	-1.8%	235,9 k €	+19.5%	197,4 k €	-45.2%	360,4 k €	+27.1%	283,6 k €	+7.3%	264,3 k €	-5.0%	278,2 k €	+71.8%	162 k €	+2.5%	158,1 k €	+26.0%	125,5 k €	+35.9%	92,3 k €
EBITDA	203,7 k €	+27.0%	160,4 k €	+140%	66,8 k €	-59.2%	163,7 k €	+59.8%	102,5 k €	+162%	39,1 k €	-30.7%	56,3 k €	-86.5%	416,2 k €	+393%	84,5 k €	+216%	26,7 k €	-43.1%	46,9 k €	-75.8%	194,2 k €	+82.3%	106,5 k €	+26.0%	84,6 k €	-40.0%	140,9 k €	+149%	56,7 k €	+37.8%	41,2 k €	-11.8%	46,7 k €	-27.8%	64,7 k €
Operating result	174,5 k €	+41.0%	123,7 k €	+564%	18,6 k €	-83.5%	112,7 k €	+33.1%	84,7 k €	+4969%	-1,7 k €	-21.4%	-1,4 k €	-100%	353 k €	+724%	42,8 k €	+7.7%	39,8 k €	+305%	9,8 k €	-84.1%	61,7 k €	-26.8%	84,3 k €	+105%	41 k €	-54.7%	90,6 k €	+231%	27,4 k €	+63.2%	16,8 k €	-2.0%	17,1 k €	-43.2%	30,2 k €
Net result	166,8 k €	+59.8%	104,4 k €	+363%	22,5 k €	-77.3%	99,5 k €	+45.3%	68,5 k €	+2078%	3,1 k €	+140%	-7,8 k €	-103%	252,5 k €	+819%	27,5 k €	-20.3%	34,5 k €	+189%	11,9 k €	-76.6%	50,9 k €	-2.8%	52,4 k €	+124%	23,4 k €	-56.4%	53,8 k €	+1111%	4,4 k €	+171%	1,6 k €	-29.3%	2,3 k €	-77.4%	10,3 k €
Balance sheet
Equity	1,1 M €	+17.4%	958,3 k €	+12.2%	854 k €	+2.7%	831,4 k €	+2.7%	809,9 k €	+8.9%	744 k €	+0.4%	740,8 k €	-1.0%	748,7 k €	+50.9%	496,1 k €	+5.9%	468,6 k €	+7.9%	434,1 k €	+2.8%	422,2 k €	+13.7%	371,3 k €	+16.4%	318,9 k €	+7.9%	295,4 k €	+54.2%	191,6 k €	+2.4%	187,2 k €	+0.9%	185,6 k €	+1.3%	183,2 k €
Total assets	1,2 M €	+15.4%	1 M €	-39.5%	1,7 M €	-8.3%	1,9 M €	+15.8%	1,6 M €	+7.0%	1,5 M €	-18.3%	1,8 M €	-11.2%	2,1 M €	+0.5%	2,1 M €	+3.1%	2 M €	+68.0%	1,2 M €	+17.7%	1 M €	-8.6%	1,1 M €	+1.6%	1,1 M €	+1.3%	1,1 M €	-0.5%	1,1 M €	+14.1%	942,1 k €	-4.2%	983,1 k €	+2.4%	960,3 k €
Cash	603,7 k €	+146%	245,7 k €	-48.7%	479,4 k €	+111%	227,2 k €	+68.0%	135,2 k €	+129%	58,9 k €	-53.5%	126,8 k €	+11.8%	113,4 k €	+246%	32,8 k €	+69.6%	19,3 k €	-73.1%	71,9 k €	-49.4%	142,2 k €	-28.3%	198,4 k €	+9.6%	181 k €	+114%	84,6 k €	+361%	18,3 k €	-38.6%	29,8 k €		–		29,9 k €
Debts	16,3 k €	-15.5%	19,3 k €	-97.6%	790,7 k €	-17.8%	961,5 k €	+42.0%	677,1 k €	-0.7%	681,7 k €	-32.8%	1 M €	-17.8%	1,2 M €	-20.4%	1,6 M €	+1.9%	1,5 M €	+103%	750,1 k €	+28.2%	584,9 k €	-20.0%	730,7 k €	-4.5%	764,8 k €	-1.0%	772,7 k €	-12.5%	883,3 k €	+17.2%	754 k €	-5.2%	795,4 k €	+2.7%	774,3 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	2,7 ETP	-59.1%	6,6 ETP	+128%	2,9 ETP	+38.1%	2,1 ETP	-34.4%	3,2 ETP	+3.2%	3,1 ETP	-6.1%	3,3 ETP	-10.8%	3,7 ETP	+5.7%	3,5 ETP	-2.8%	3,6 ETP	-12.2%	4,1 ETP	-10.9%	4,6 ETP	+53.3%	3,0 ETP	+7.1%	2,8 ETP	-20.0%	3,5 ETP	+40.0%	2,5 ETP	+213%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

LIGHT SOLUTIONS

Director · since 17 mai 2024 · 0872.405.231

Represented by Van PARYS GILLES

Active

Ended mandates

LIGHT SOLUTIONS

Director · since 17 mai 2024 · 0872.405.231

Represented by Gilles Van Parys

Ended

Jan Devolder

Director · since 09 décembre 2019 · until 17 mai 2024

Ended

Jan Devolder

Director · since 09 décembre 2019 · until 21 juin 2025

Ended

Jan Libbrecht

Managing director · since 09 décembre 2019 · until 17 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
AMPOULE● Active	0798.545.273
HVP LIGHTING● Active	0446.428.147
LIGHT SOLUTIONS● Active	0872.405.231

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2026	22/08/2025	26/07/2024	30/08/2023	29/07/2022	26/08/2021
General meeting	22/06/2026	21/06/2025	15/06/2024	30/06/2023	28/07/2022	25/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	28/07/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/08/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/08/2020	12/10/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	29/09/2017	Dutch	PDF
Abridged model	30/09/2015	30/03/2016	14/04/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	28/04/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	27/05/2013	29/05/2013	Dutch	PDF
Abridged model	30/09/2011	21/04/2012	10/05/2012	Dutch	PDF
Abridged model	30/06/2010	28/12/2010	27/01/2011	Dutch	PDF
Abridged model	30/06/2009	26/12/2009	25/02/2010	Dutch	PDF
Abridged model	30/06/2008	17/01/2009	16/02/2009	Dutch	PDF
Abridged model	30/06/2007	05/01/2008	30/01/2008	Dutch	PDF
Abridged model	30/06/2006	09/12/2006	08/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

LIGHT SOLUTIONS

Director · since 17 mai 2024 · 0872.405.231

Represented by Van PARYS GILLES

Active

Ended mandates

LIGHT SOLUTIONS

Director · since 17 mai 2024 · 0872.405.231

Represented by Gilles Van Parys

Ended

Jan Devolder

Director · since 09 décembre 2019 · until 17 mai 2024

Ended

Jan Devolder

Director · since 09 décembre 2019 · until 21 juin 2025

Ended

Jan Libbrecht

Managing director · since 09 décembre 2019 · until 17 mai 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring12/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates11/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025166,8 k €↑
2024
Annual accounts 2024104,4 k €↑
2023
Annual accounts 202322,5 k €↓
2023
Name change14U
2022
Annual accounts 202299,5 k €↑
2021
Annual accounts 202168,5 k €↑
2021
Name changeLiratex
2020
Annual accounts 20203,1 k €↑
2019
Annual accounts 2019-7,8 k €↓
2018
Annual accounts 2018252,5 k €↑
2017
Annual accounts 201727,5 k €↓
2016
Annual accounts 201634,5 k €↑
2015
Annual accounts 201511,9 k €↓
2014
Annual accounts 201450,9 k €↓
2013
Annual accounts 201352,4 k €↑
2012
Annual accounts 201223,4 k €↓
2011
Annual accounts 201153,8 k €↑
2010
Annual accounts 20104,4 k €↑
2009
Annual accounts 20091,6 k €↓
2008
Annual accounts 20082,3 k €↓
2007
Annual accounts 200710,3 k €
21/12/1995
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

14U

Overview

What does 14U do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline