LHORTO

Active

Private limited companyfounded 20214 yrs activeRue de Clémodeau 57, 4550 Nandrin, BelgiumKBO/BCE: BE 0777.862.497

The computed 12-month bankruptcy probability of LHORTO is 2.6% (moderate). The 2025 annual accounts show equity of €46k and a net result of €14k. Equity is growing by ~48% per year across the filed fiscal years. Its solvency ranks better than 30% of 191 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability78▼-20

Solvency49▼-4

Growth78=

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity tight (current ratio 1.27 against 1.52 in 2024; short-term debt: 75.8% and cash: 32.1% of total assets), and 76.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 27

Relative position

BE, all sectors

reference

Sector 27

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.8%

Return on assets

7.3%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

79 d early

2024

164 d early

2023

21 d late

2022

32 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€46k▲ 43.8%

2024 · €32k

2022: €15k 2023: €5k 2024: €32k

2022 → 2025

Total assets

€195k▲ 67.1%

2024 · €116k

2022: €47k 2023: €39k 2024: €116k

2022 → 2025

Net result

€14k▼ 49.0%

2024 · €28k

2022: €-5k 2023: €-10k 2024: €28k

2022 → 2025

Working capital

€41k▲ 9.7%

2024 · €37k

2022: €26k 2023: €20k 2024: €37k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€15k-€5k▼ 68.7%€32k▲ 607%€46k▲ 43.8%

Operating result€-5k-€-10k▼ 87.1%€34k€22k▼ 34.6%

Net result€-5k-€-10k▼ 83.7%€28k€14k▼ 49.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 35% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €195k

96.7%

Fixed assets €6k▼ 18.8%

Current assets €188k▲ 73.4%

Equity and liabilities €195k

23.8%

76.2%

Equity €46k▲ 43.8%

Debt €148k▲ 76.0%

The debt ratio rises from 72.3% to 76.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€24k▼

2024 · €35k

Cash flow

€16k▼

2024 · €29k

Solvency

23.8%▼

2024 · 27.7%

Current ratio

1.27▼

2024 · 1.52

Quick ratio

1.27▼

2024 · 1.37

Debt / equity

3.19▲

2024 · 2.61

ROE

30.5%▼

2024 · 85.9%

ROA

7.3%▼

2024 · 23.8%

Interest coverage

23.15▼

2024 · 29.35

Debt

€148k▲

2024 · €84k

Debt ≤ 1 year

€148k▲

2024 · €72k

Debt > 1 year

€635▼

2024 · €13k

Income taxes

€7k▲

2024 · €5k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€116k€195k▲

Fixed assets21/28€8k€6k▼

Intangible fixed assets21€2k€3k▲

Tangible fixed assets22/27€6k€4k▼

Plant, machinery and equipment23€5k-

Furniture and vehicles24€1k€4k▲

Current assets29/58€108k€188k▲

Stocks and contracts in progress3€11k-

Stocks30/36€11k-

Amounts receivable within one year40/41€72k€125k▲

Trade receivables40€72k€125k▲

Cash at bank and in hand54/58€26k€62k▲

Deferred charges and accrued income490/1€172€520▲

Equity and liabilities

Total equity and liabilities10/49€116k€195k▲

Equity10/15€32k€46k▲

Contributions10/11€20k€20k=

Reserves13€12k€26k▲

Non-distributable reserves130/1€12k€26k▲

Other1319€12k€26k▲

Profit (loss) carried forward14€1€2▲

Amounts payable17/49€84k€148k▲

Amounts payable after more than one year17€13k€635▼

Other amounts payable178/9€13k€635▼

Amounts payable within one year42/48€72k€148k▲

Trade debts44€46k€95k▲

Suppliers440/4€46k€95k▲

Advances received on contracts in progress46€1k€1k=

Taxes, remuneration and social security45€24k€52k▲

Taxes450/3€24k€52k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8-€2k

Gross operating margin9900€35k€25k▼

Operating profit (loss)9901€34k€22k▼

Financial charges65/66B€1k€1k▼

Recurring financial charges65€1k€1k▼

Profit (loss) for the period before taxes9903€32k€21k▼

Income taxes67/77€5k€7k▲

Profit (loss) for the period9904€28k€14k▼

Profit (loss) for the period to be appropriated9905€28k€14k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€14k▲

Profit (loss) brought forward from the previous period14P€-15k€1▲

Transfer to equity691/2€12k€14k▲

To other reserves6921€12k€14k▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

17-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €28k

Net result €28k after 2 loss-making years.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Weakest financial yearnet €-10k

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

24-08-2024 Resigned as Director

Location & real-estate footprint

Registered office, Nandrin · 1 establishment unit since 2021

establishment The establishment unit on the map

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 de Clémodeau 574550 Nandrin

Ground area

2,394 m²

Building footprint

109 m²

Parcel 61069A0218/00D000, Wallonia. Linked by address, not a title deed.