ACTIVE

BeLightning

Financial year 2025 · Closed on 31/12/2025

Net result-3,4 M €-1 101,1 %over 1 year

Gross margin-73,9 k €+79,0 %over 1 year

Equity87,3 M €-8,8 %over 1 year

Identity

Source · BCE/KBO

BeLightning is a Private limited company incorporated in 2021. Its main activity is: Manufacture of air and spacecraft and related machinery. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0762.602.716
Incorporation: 28/01/2021
Legal form: Private limited company
Registered office: Avenue Arnaud Fraiteur 15 box 23
1050 Ixelles · BruxellesSee on map
Contributed capital: 30 000 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

30300Manufacture of air and spacecraft and related machinery· main 30310Manufacture of air and spacecraft and related machinery

Signals

Solid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 10 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-73,9 k €	+79.0%	-352,4 k €	+14.4%	-411,7 k €	-179%	-147,8 k €	-202%	-48,9 k €
EBITDA	-117,6 k €	+71.8%	-417 k €	+1.6%	-423,9 k €	-186%	-148,3 k €	-196%	-50,1 k €
Operating result	-10,7 M €	-210%	-3,4 M €	-709%	-424,3 k €	-186%	-148,5 k €	-196%	-50,1 k €
Net result	-3,4 M €	-1101%	-281 k €	-169%	406,3 k €	+164%	153,8 k €	+128%	-545,3 k €
Balance sheet
Equity	87,3 M €	-8.8%	95,8 M €	-1.8%	97,5 M €	+10.2%	88,5 M €	+3.1%	85,8 M €
Total assets	158,6 M €	+7.7%	147,2 M €	-0.3%	147,6 M €	+31.7%	112,1 M €	-4.1%	116,9 M €
Cash	1,6 k €	-42.4%	2,9 k €	+123%	1,3 k €	-95.8%	30,3 k €	-99.9%	47,7 M €
Debts	50,9 M €	+73.6%	29,3 M €	+6.7%	27,5 M €	+2430%	1,1 M €	-87.1%	8,5 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Linsey Dyas	Director27/06/2025 → 15/06/2026
Jérôme Morhet	Director16/09/2024 → 15/06/2026
TAGES ADVICE0772.883.429Represented by Samuel WEYNANTS	Director29/02/2024 → 15/06/2026
Blue Ridge Consulting0744.577.047Represented by Stephan De Koninck	Director30/04/2023 → 15/06/2026
Yves Delatte	Director01/09/2021 → 15/12/2026
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT0253.445.063Represented by Denis Ronday	Director09/04/2021 → 23/12/2026
Steven Lauwereys	Director09/04/2021 → 23/12/2026
Alec Detournay	Director23/12/2020 → 23/12/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Olaf Lawrenz	Director01/09/2022 → 2024 accounts
Kai Arndt	Director31/03/2022 → 2022 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021
Type of account	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	20/01/2021
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2026	08/07/2025	20/06/2024	14/07/2023	28/07/2022
General meeting	15/06/2026	16/06/2025	17/06/2024	15/06/2023	30/06/2022
Currency of the financial year	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	08/07/2026	French	PDF
Abridged model	31/12/2025	15/06/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	08/07/2025	French	PDF
Abridged model	31/12/2024	16/06/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	20/06/2024	French	PDF
Abridged model	31/12/2023	17/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	14/07/2023	French	PDF
Abridged model	31/12/2022	15/06/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Linsey Dyas	Director27/06/2025 → 15/06/2026
Jérôme Morhet	Director16/09/2024 → 15/06/2026
TAGES ADVICE0772.883.429Represented by Samuel WEYNANTS	Director29/02/2024 → 15/06/2026
Blue Ridge Consulting0744.577.047Represented by Stephan De Koninck	Director30/04/2023 → 15/06/2026
Yves Delatte	Director01/09/2021 → 15/12/2026
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT0253.445.063Represented by Denis Ronday	Director09/04/2021 → 23/12/2026
Steven Lauwereys	Director09/04/2021 → 23/12/2026
Alec Detournay	Director23/12/2020 → 23/12/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Olaf Lawrenz	Director01/09/2022 → 2024 accounts
Kai Arndt	Director31/03/2022 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/09/2026
Démission - Nomination administrateurs
PDF
Mandates23/07/2026
Ontslag - Benoeming Bestuurders
PDF
Mandates29/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2024
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings5 filings

Mandates

Linsey Dyas

Jérôme Morhet

TAGES ADVICE

Blue Ridge Consulting

Yves Delatte

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Steven Lauwereys

Alec Detournay

Olaf Lawrenz

Kai Arndt

Peter Reynaert

VMG Ventures

Show the 4 other mandates

2020202120222023202420252026

BeLightning

Avenue Arnaud Fraiteur 15-23, 1050 IxellesAuguste Reyerslaan 80, 1030 Schaerbeek

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Arnaud Fraiteur 15 bte 23, 1050 IxellesCurrent		CBE
Avenue Arnaud Fraiteur 15-23, 1050 Ixelles	accounts 2024 → 2025	Accounts 2025 · 2026-00268103
Auguste Reyerslaan 80, 1030 Schaerbeek	accounts 2021 → 2023	Accounts 2023 · 2024-00155246

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BeLightningCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00268103

Events

2025
Annual accounts 2025-3,4 M €↓
27/06/2025
nominationLinsey Dyas · administrateur
27/06/2025
nominationLinsey Dyas · B-bestuurder
18/02/2025
nominationMichaël Delbeke · commissaire
18/02/2025
nominationBDO Bedrijfsrevisoren CVBA · commissaris
2024
Annual accounts 2024-281 k €↓
18/09/2024
nominationJérôme Morhet · administrateur
18/09/2024
nominationJérôme Morhet · C-bestuurder
29/02/2024
nominationTAGES ADVICE BV · administrateur-A
29/02/2024
nominationTAGES ADVICE BV · A-bestuurder
2023
Annual accounts 2023406,3 k €↑
28/04/2023
nominationBlue Ridge Consulting · A-bestuurder
28/04/2023
nominationBlue Ridge Consulting · administrateur-A
2022
Annual accounts 2022153,8 k €↑
01/09/2022
nominationOlaf Lawrenz · administrateur
07/04/2022
nominationKai Arndt · C-bestuurder
07/04/2022
nominationKai Arndt · administrateur
07/04/2022
nominationAlec Detournay · administrateur
2021
Annual accounts 2021-545,3 k €
15/10/2021
nominationPeter REYNAERT · administrateur-A
15/10/2021
nominationPeter REYNAERT · A-bestuurder
01/09/2021
nominationYves DELATTE · administrateur-B
01/09/2021
nominationYves DELATTE · B-bestuurder
28/01/2021
IncorporationPrivate limited company

BeLightning

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events