Lift Technics & Services
ActiveSummary
Lift Technics & Services has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €488k and a net result of €105k. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+5
Solvency98▲+23
Growth62=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.97 against 1.93 in 2023; short-term debt: 22.3% and cash: 5.8% of total assets), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.5%
Return on assets
15.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
56 d late
2022
61 d late
2021
109 d late
2020
85 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€2.32M▲ 12.5%
2019 · €2.06M
2018: €2.36M
2019: €2.06M
2018 → 2020
EBIT margin
0.5%▲ 5.2pp
2019 · -4.7%
2018: 0.4%
2019: -4.7%
2018 → 2020
Net result
€105k▲ 12.1%
2023 · €94k
2018: €7k
2019: €-85k
2020: €11k
2021: €94k
2022: €74k
2023: €94k
2018 → 2024
Working capital
€440k▲ 43.3%
2023 · €307k
2018: €199k
2019: €76k
2020: €98k
2021: €172k
2022: €239k
2023: €307k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.32M-
Equity€121k-€215k▲ 77.8%€288k▲ 34.2%€382k▲ 32.6%€488k▲ 27.5%
Operating result€13k-€97k▲ 677%€107k▲ 10.2%€134k▲ 25.0%€151k▲ 12.6%
Net result€11k-€94k▲ 787%€74k▼ 21.8%€94k▲ 27.7%€105k▲ 12.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 13% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €664k
Fixed assets
€76k ▼ 42.3%
Current assets
€588k ▼ 7.8%
Equity and liabilities €664k
Equity
€488k ▲ 27.5%
Debt
€176k ▼ 54.5%
Debt's share of the balance-sheet total falls from 50.3% to 26.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€197k▲
2023 · €178k
Cash flow
€152k▲
2023 · €139k
Current ratio
3.97▲
2023 · 1.93
Debt to equity
0.36▼
2023 · 1.01
ROE
21.6%▼
2023 · 24.6%
ROA
15.9%▲
2023 · 12.2%
Interest coverage
25.52▲
2023 · 19.62
Debt ≤ 1 year
€148k▼
2023 · €331k
Debt > 1 year
€28k▼
2023 · €56k
Income taxes
€42k▲
2023 · €34k
Staff costs
€162k▼
2023 · €172k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€769k€664k▼
Fixed assets21/28€131k€76k▼
Tangible fixed assets22/27€131k€76k▼
Land and buildings22€7k€7k▼
Plant, machinery and equipment23€325€248▼
Furniture and vehicles24€124k€69k▼
Current assets29/58€638k€588k▼
Amounts receivable within one year40/41€548k€529k▼
Trade receivables40€482k€461k▼
Other amounts receivable41€66k€68k▲
Cash at bank and in hand54/58€69k€38k▼
Deferred charges and accrued income490/1€21k€20k▼
Equity and liabilities
Total equity and liabilities10/49€769k€664k▼
Equity10/15€382k€488k▲
Contributions10/11€6k€6k=
Reserves13€376k€481k▲
Distributable reserves133€376k€481k▲
Amounts payable17/49€387k€176k▼
Amounts payable after more than one year17€56k€28k▼
Financial debts170/4€56k€28k▼
Amounts payable within one year42/48€331k€148k▼
Current portion of amounts payable after more than one year42€33k€28k▼
Financial debts43€7k€7k▲
Other loans439€7k€7k▲
Trade debts44€243k€74k▼
Suppliers440/4€243k€74k▼
Taxes, remuneration and social security45€48k€39k▼
Taxes450/3€21k€27k▲
Remuneration and social security454/9€27k€12k▼
Other amounts payable47/48€359-
Accrued charges and deferred income492/3€124-
Income statement
Code20232024
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€172k€162k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€47k▲
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A-€11k
Gross operating margin9900€357k€377k▲
Operating profit (loss)9901€134k€151k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€128k€147k▲
Income taxes67/77€34k€42k▲
Profit (loss) for the period9904€94k€105k▲
Profit (loss) for the period to be appropriated9905€94k€105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€105k▲
Transfer to equity691/2€94k€105k▲
To other reserves6921€94k€105k▲
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €105k ▲12.1%
Operating result €151k, net result €105k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.97
Current ratio from 1.93 to 3.97; short-term debt falls from €331k to €148k.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 109 days late
2021
31-12
Financial
Equity above €200kEq €215k ▲77.8%
2 profitable years in a row build equity to €215k.
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-85k ▼1377%
Net result drops to €-85k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial 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
Registered office, Aalst · 1 establishment unit since 2007
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.
Roland Monteynestraat 99308 AalstGround area
1,519 m²
Building footprint
164 m²
Volume, LiDAR
859 m³
Parcel 41019A0134/00D000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lift Technics & Services
since 20072.162.953.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41019A0134/00D000 | Flanders | 1,519 m² | 1 · 164 m² | 7.6 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.
Similar companies · same sector, comparable size
AUTOMATION SOLUTIONS
BE 0819.098.682
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VANHAEREN & ZONEN
BE 0448.283.718
Beringen · Eq €487,697
PRO@Energy
BE 0713.621.575
Roeselare · Eq €487,722
SOULIER ELECTRICITE
BE 0894.977.626
Fernelmont · Eq €487,855
Elwa
BE 0411.964.938
Herent · Eq €488,157
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 6,551 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.