NORMAL SITUATION

LIGHTREC

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Financial year 2022 · closed on 31/12/2022

Net result

-2,2 M €

-62.2% YoY

Revenue

2,3 M €

-9.5% YoY

Equity

24,8 M €

-8.0% YoY

Company — Normal situation.

What does LIGHTREC do?

LIGHTREC is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.983.336

Legal form

Non-profit organization

Latest accounts

31/12/2022

Signals

Solid equityGood liquidityHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	2,3 M €	-9.5%	2,6 M €	-3.8%	2,7 M €	+1.8%	2,6 M €	-0.3%	2,6 M €	-12.6%	3 M €	-5.5%	3,2 M €	-25.3%	4,3 M €	-2.1%	4,4 M €	-0.4%	4,4 M €	+2.9%	4,3 M €	-9.6%	4,7 M €	-6.9%	5,1 M €	+8.7%	4,6 M €
EBITDA	-2,2 M €	-53.8%	-1,4 M €	-386%	505,1 k €	+173%	-691,9 k €	+10.2%	-770,9 k €	-752%	118,3 k €	+576%	-24,9 k €	+97.7%	-1,1 M €	-320%	495,3 k €	+212%	158,8 k €	+143%	-372 k €	+45.2%	-679,2 k €	+16.0%	-808,7 k €	+61.1%	-2,1 M €
Operating result	-2,2 M €	-54.6%	-1,4 M €	-387%	500,5 k €	+172%	-694,9 k €	+9.4%	-766,7 k €	-755%	117 k €	+568%	-25 k €	+97.7%	-1,1 M €	-320%	493,9 k €	+241%	144,6 k €	+152%	-275,9 k €	+59.0%	-673,7 k €	+20.9%	-851,3 k €	+59.6%	-2,1 M €
Net result	-2,2 M €	-62.2%	-1,3 M €	-360%	511,8 k €	+180%	-641,3 k €	+9.7%	-710,4 k €	-574%	150 k €	+243%	43,7 k €	+105%	-951,5 k €	-204%	913,4 k €	+16.1%	786,9 k €	+44.1%	546,3 k €	+182%	193,6 k €	+218%	-163,6 k €	-20.8%	-135,4 k €
Balance sheet
Equity	24,8 M €	-8.0%	27 M €	-4.7%	28,3 M €	+1.8%	27,8 M €	-2.3%	28,4 M €	-2.4%	29,1 M €	+0.5%	29 M €	+0.2%	28,9 M €	-3.2%	29,9 M €	+3.2%	29 M €	+2.8%	28,2 M €	+2.0%	27,7 M €	+0.7%	27,5 M €	-0.6%	27,6 M €
Total assets	29,8 M €	-10.2%	33,1 M €	-7.5%	35,8 M €	-4.4%	37,5 M €	-6.0%	39,9 M €	-7.6%	43,2 M €	-7.5%	46,7 M €	-3.8%	48,5 M €	-1.3%	49,1 M €	-0.2%	49,2 M €	+0.6%	48,9 M €	+2.8%	47,6 M €	+0.7%	47,3 M €	+4.9%	45,1 M €
Cash	6,5 M €	-29.6%	9,3 M €	-20.2%	11,6 M €	-57.2%	27,2 M €	+5.1%	25,9 M €	-24.1%	34,1 M €	-3.4%	35,3 M €	+60.6%	22 M €	+207%	7,2 M €	-19.7%	8,9 M €	+451%	1,6 M €	+593%	233 k €	-94.5%	4,3 M €	+62365%	6,8 k €
Debts	116,7 k €	-40.4%	195,9 k €	+97.6%	99,1 k €	-80.4%	506,1 k €	+449%	92,2 k €	-69.4%	301,2 k €	-81.4%	1,6 M €	+3.2%	1,6 M €	+1238%	117,4 k €	-66.5%	350,2 k €	-38.3%	567,2 k €	+481%	97,6 k €	-91.1%	1,1 M €	+9.5%	1 M €

Governance

Board of directors

Seen on filing of 31/12/2022 · 6 active · 61 ended

Active mandates

Dennis Mortiaux

Director · since 10 juin 2022 · until 30 juin 2023

Active

Derek McMillan

Vice-chairman of the board of directors · since 10 juin 2022 · until 30 juin 2023

Active

Hendrik Vermeire

Chairman of the board of directors · since 10 juin 2022 · until 30 juin 2023

Active

Laurent Hellebaut

Director · since 10 juin 2022 · until 30 juin 2023

Active

Verlinden Roeland

Director · since 10 juin 2022 · until 30 juin 2023

Active

Peter Binnemans

Director · since 10 juin 2020 · until 08 juin 2022

Active

Ended mandates

Bart Vandamme

Director · since 10 juin 2020 · until 01 mai 2021

Ended

Bart Vandamme

Director · since 10 juin 2020 · until 10 juin 2023

Ended

Dennis Mortiaux

Director · since 10 juin 2020 · until 10 juin 2023

Ended

Derek McMillan

Vice-chairman of the board of directors · since 10 juin 2020 · until 10 juin 2023

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2023	08/06/2022	17/06/2021	11/06/2020	06/06/2019	07/06/2018
General meeting	21/06/2023	08/06/2022	09/06/2021	10/06/2020	05/06/2019	06/06/2018
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	21/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	08/06/2022	08/06/2022	Dutch	PDF
Full model	31/12/2020	09/06/2021	17/06/2021	Dutch	PDF
Full model	31/12/2019	10/06/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	05/06/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	06/06/2018	07/06/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	15/06/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	12/06/2014	Dutch	PDF
Full model	31/12/2012	05/06/2013	06/06/2013	Dutch	PDF
Full modelCorrection	31/12/2011	05/06/2012	22/11/2012	Dutch	PDF
Full model	31/12/2011	05/06/2012	07/06/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	16/06/2011	Dutch	PDF
Full modelCorrection	31/12/2009	11/06/2010	19/05/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	17/06/2009	Dutch	PDF
Full modelCorrection	31/12/2007	27/06/2008	22/12/2008	Dutch	PDF
Full model	31/12/2007	27/06/2008	13/11/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	13/09/2007	Dutch	PDF
Full model	31/12/2005	12/06/2006	07/07/2006	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2022 · 6 active · 61 ended

Active mandates

Dennis Mortiaux

Director · since 10 juin 2022 · until 30 juin 2023

Active

Derek McMillan

Vice-chairman of the board of directors · since 10 juin 2022 · until 30 juin 2023

Active

Hendrik Vermeire

Chairman of the board of directors · since 10 juin 2022 · until 30 juin 2023

Active

Laurent Hellebaut

Director · since 10 juin 2022 · until 30 juin 2023

Active

Verlinden Roeland

Director · since 10 juin 2022 · until 30 juin 2023

Active

Peter Binnemans

Director · since 10 juin 2020 · until 08 juin 2022

Active

Ended mandates

Bart Vandamme

Director · since 10 juin 2020 · until 01 mai 2021

Ended

Bart Vandamme

Director · since 10 juin 2020 · until 10 juin 2023

Ended

Dennis Mortiaux

Director · since 10 juin 2020 · until 10 juin 2023

Ended

Derek McMillan

Vice-chairman of the board of directors · since 10 juin 2020 · until 10 juin 2023

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2022
Annual accounts 2022-2,2 M €↓
2021
Annual accounts 2021-1,3 M €↓
2020
Annual accounts 2020511,8 k €↑
2019
Annual accounts 2019-641,3 k €↑
2018
Annual accounts 2018-710,4 k €↓
2017
Annual accounts 2017150 k €↑
2016
Annual accounts 201643,7 k €↑
2015
Annual accounts 2015-951,5 k €↓
2014
Annual accounts 2014913,4 k €↑
2013
Annual accounts 2013786,9 k €↑
2012
Annual accounts 2012546,3 k €↑
2011
Annual accounts 2011193,6 k €↑
2010
Annual accounts 2010-163,6 k €↓
2009
Annual accounts 2009-135,4 k €

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

LIGHTREC

Overview

What does LIGHTREC do?

Trend over 14 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline