K-LITHERM
ActiveThe computed 12-month bankruptcy probability of K-LITHERM is 2.0% (moderate). The 2024 annual accounts show equity of €22k and a net result of €-30k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 36378 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency52▼-44
Growth63▼-22
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.79 against 2.28 in 2023), but 76.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.8%
Return on assets
-32.3%
Age of the figures
28 mo
raises risk · Annual accounts not filed
The financial year that closed on 31-05-2025 was due at the National Bank by 31-12-2025. Nothing is on record, 259 days later.
NBB · 5 filingsPosition against the passed deadline
31-05-2025 close31-12-2025 deadline16-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-05-2024 was due by 31-12-2024 and was filed on 31-03-2025, 90 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
90 d late
2023
413 d late
2022
45 d late
2021
31 d late
2020
120 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€85k▼ 33.1%
2023 · €128k
2020: €48k
2021: €72k
2022: €109k
2023: €128k
2020 → 2024
EBIT margin
-35.4%▼ 65.3pp
2023 · 29.9%
2020: -5.0%
2021: -0.4%
2022: 9.7%
2023: 29.9%
2020 → 2024
Net result
€-30k
2023 · €38k
2020: €-5k
2021: €-266
2022: €10k
2023: €38k
2020 → 2024
Working capital
€40k▼ 27.5%
2023 · €55k
2020: €4k
2021: €2k
2022: €9k
2023: €55k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€48k-€72k▲ 51.0%€109k▲ 50.4%€128k▲ 17.6%€85k▼ 33.1%
Equity€4k-€4k▼ 6.3%€14k▲ 265%€53k▲ 264%€22k▼ 57.6%
Operating result€-2k-€-266▲ 88.9%€10k€38k▲ 264%€-30k
Net result€-5k-€-266▲ 94.8%€10k€38k▲ 264%€-30k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €30k after €38k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94k
Fixed assets
€3k▼ 15.3%
Current assets
€90k▼ 7.9%
Equity and liabilities €94k
Equity
€22k▼ 57.6%
Debt
€72k▲ 44.1%
The debt ratio rises from 48.6% to 76.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-30k▼
2023 · €39k
Cash flow
€-30k▼
2023 · €39k
Solvency
23.8%▼
2023 · 51.4%
Current ratio
1.79▼
2023 · 2.28
Quick ratio
1.79▼
2023 · 2.28
Debt / equity
3.21▲
2023 · 0.94
ROE
-135.6%▼
2023 · 72.6%
ROA
-32.3%▼
2023 · 37.3%
Debt
€72k▲
2023 · €50k
Debt ≤ 1 year
€50k▲
2023 · €43k
Debt > 1 year
€21k▲
2023 · €7k
Staff costs
€41k▲
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€102k€94k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€657€247▼
Furniture and vehicles24€242€212▼
Current assets29/58€98k€90k▼
Stocks and contracts in progress3€200€200=
Stocks30/36€200€200=
Amounts receivable within one year40/41€66k€90k▲
Trade receivables40€60k€77k▲
Other amounts receivable41€6k€13k▲
Cash at bank and in hand54/58€32k€40▼
Deferred charges and accrued income490/1€7€7=
Equity and liabilities
Total equity and liabilities10/49€102k€94k▼
Equity10/15€53k€22k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€33k€3k▼
Amounts payable17/49€50k€72k▲
Amounts payable after more than one year17€7k€21k▲
Advances received on contracts in progress176€7k€21k▲
Amounts payable within one year42/48€43k€50k▲
Trade debts44€3k€13k▲
Suppliers440/4€3k€13k▲
Advances received on contracts in progress46€5k€2k▼
Taxes, remuneration and social security45€874€2k▲
Remuneration and social security454/9€874€2k▲
Other amounts payable47/48€34k€34k▼
Accrued charges and deferred income492/3€75€75=
Income statement
Code20232024
Turnover70€128k€85k▼
Goods, raw materials, services and sundry goods60/61€68k€75k▲
Remuneration, social security and pensions62€20k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€613▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€570-
Gross operating margin9900€60k€11k▼
Operating profit (loss)9901€38k€-30k▼
Profit (loss) for the period before taxes9903€38k€-30k▼
Profit (loss) for the period9904€38k€-30k▼
Profit (loss) for the period to be appropriated9905€38k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€3k▼
Profit (loss) brought forward from the previous period14P€-5k€33k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 413 days late
2024
31-05
Financial
Weakest financial yearnet €-30k ▼179%
Net result drops to €-30k, the lowest in the series.
2023
31-05
Financial
Highest result since 2020net €38k ▲264%
Operating result €38k, net result €38k, both a record.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
31-05
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 120 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seraing · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Ferrer 1324100 SeraingGround area
131 m²
Building footprint
37 m²
Volume, LiDAR
207 m³
Parcel 62352E0141/00G003, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K-LITHERM
since 20152.247.414.576
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62352E0141/00G003 | Wallonia | 131 m² | 1 · 37 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,993 companies in sector 43221 we hold annual accounts for 3,445. 2,499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-11-2015
Fiscal year end31-05
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.