L.T.C. CIRCUIT
InactiveL.T.C. CIRCUIT was declared bankrupt on 26-11-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 31-03-2026, published in the Belgian State Gazette on 09-04-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-12-2023, 150 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
150 d late
2021
148 d late
2020
151 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€65k▲ 10.4%
2021 · €58k
2018: €35k
2019: €42k
2020: €41k
2021: €58k
2018 → 2022
Total assets
€81k▲ 30.1%
2021 · €62k
2018: €42k
2019: €47k
2020: €47k
2021: €62k
2018 → 2022
Net result
€6k▼ 64.6%
2021 · €17k
2018: €6k
2019: €7k
2020: €-690
2021: €17k
2018 → 2022
Working capital
€66k▲ 10.2%
2021 · €60k
2018: €34k
2019: €43k
2020: €43k
2021: €60k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€35k-€42k▲ 19.1%€41k▼ 1.6%€58k▲ 41.8%€65k▲ 10.4%
Operating result€6k-€5k▼ 8.9%€-2k€16k€11k▼ 32.1%
Net result€6k-€7k▲ 21.2%€-690€17k€6k▼ 64.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 32% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €81k
Equity
€65k▲ 10.4%
Debt
€17k▲ 325%
The debt ratio rises from 6.3% to 20.5%. Equity and debt are higher.
Key figures and ratios
Solvency
79.5%▼
2021 · 93.7%
Current ratio
5.34▼
2021 · 24.90
Quick ratio
5.34▼
2021 · 24.90
Debt / equity
0.26▲
2021 · 0.07
ROE
9.4%▼
2021 · 29.5%
ROA
7.5%▼
2021 · 27.6%
Debt
€17k▲
2021 · €4k
Debt ≤ 1 year
€15k▲
2021 · €3k
Income taxes
€7k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€62k€81k▲
Current assets29/58€62k€81k▲
Amounts receivable after more than one year29€34k€50k▲
Other amounts receivable291€34k€50k▲
Amounts receivable within one year40/41€18k€28k▲
Trade receivables40€2k-
Other amounts receivable41€17k€28k▲
Cash at bank and in hand54/58€8k€336▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€62k€81k▲
Equity10/15€58k€65k▲
Contributions10/11€50k€50k=
Reserves13€2k€8k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€6k
Profit (loss) carried forward14€7k€7k=
Amounts payable17/49€4k€17k▲
Amounts payable within one year42/48€3k€15k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€781€10k▲
Taxes450/3€781€10k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20212022
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€513
Other operating charges640/8€931€868▼
Gross operating margin9900€17k€12k▼
Operating profit (loss)9901€16k€11k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€80€180▲
Recurring financial charges65€80€180▲
Profit (loss) for the period before taxes9903€17k€13k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€17k€6k▼
Profit (loss) for the period to be appropriated9905€17k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€13k▲
Profit (loss) brought forward from the previous period14P€-10k€7k▲
Transfer to equity691/2-€6k
To other reserves6921-€6k
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
2026
09-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · L.T.C. CIRCUIT BV LEUVENSESTEENWEG 533/2, 1930 ZAVENTEM · event 31-03-2026
2024
04-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · L.T.C. CIRCUIT BV LEUVENSE- STEENWEG 533/2, 1930 ZAVENTEM · event 26-11-2024
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 150 days late
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 148 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 24.90
Current ratio from 11.47 to 24.90; short-term debt falls from €4k to €3k.
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 151 days late
2020
31-12
Financial
Weakest financial yearnet €-690 ▼110%
Net result drops to €-690, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 133 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
30-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 30 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Nick PEETERS VERSAILLESLAAN 6, 1020 BRUSSEL 2- |
26-11-2024 → present |