Lightmapping not doing anything

Lightmapping on my setup just stopped working. On “Bake Scene”, it just shows a loading bar and that’s it. No error, nothing. I tried creating a new project a single sphere, a light set to bake only and a plane and just hit bake. The same issue, just a loading bar goes through really fast and nothing (Last bake took 00:00, no errors) and no lightmap has been created.

Any idea what could be wrong? Tried reinstalling but to no avail (Unity 4.3.4f1, Windows 8.1)

Make sure that objects are set to Lightmap Static and in the Mesh Renderer both Cast Shadows and Receive Shadows are checked. Also check that shadows are enabled on the Light.