Limbotech
ActiveLimbotech has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67k and a net result of €4k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-12
Solvency93▲+24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 1.61 in 2023; short-term debt: 31.6% and cash: 13.9% of total assets), and 31.6% 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.
+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
68.4%
Return on assets
3.6%
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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
30 d late
2021
27 d early
2020
43 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€67k▲ 5.6%
2023 · €63k
2018: €24k
2019: €32k
2020: €34k
2021: €37k
2022: €43k
2023: €63k
2018 → 2024
Total assets
€97k▼ 32.1%
2023 · €144k
2018: €137k
2019: €221k
2020: €413k
2021: €193k
2022: €130k
2023: €144k
2018 → 2024
Net result
€4k▼ 80.5%
2023 · €18k
2018: €10k
2019: €9k
2020: €1k
2021: €4k
2022: €5k
2023: €18k
2018 → 2024
Working capital
€45k▲ 12.1%
2023 · €40k
2018: €6k
2019: €10k
2020: €3k
2021: €-16k
2022: €-53
2023: €40k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€37k▲ 10.6%€43k▲ 14.2%€63k▲ 47.7%€67k▲ 5.6%
Operating result€2k-€7k▲ 193%€9k▲ 30.3%€29k▲ 238%€9k▼ 68.5%
Net result€1k-€4k▲ 148%€5k▲ 48.5%€18k▲ 242%€4k▼ 80.5%
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 2024; 2024 is 69% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97k
Fixed assets
€22k▼ 42.4%
Current assets
€76k▼ 28.5%
Equity and liabilities €97k
Equity
€67k▲ 5.6%
Debt
€31k▼ 61.7%
The debt ratio falls from 56.0% to 31.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2023 · €49k
Cash flow
€19k▼
2023 · €38k
Solvency
68.4%▲
2023 · 44.0%
Current ratio
2.47▲
2023 · 1.61
Quick ratio
2.47▲
2023 · 1.61
Debt / equity
0.46▼
2023 · 1.27
ROE
5.3%▼
2023 · 28.8%
ROA
3.6%▼
2023 · 12.7%
Interest coverage
54.34▼
2023 · 134.02
Debt
€31k▼
2023 · €80k
Debt ≤ 1 year
€31k▼
2023 · €66k
Income taxes
€5k▼
2023 · €11k
Staff costs
€11k▲
2023 · €540
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€144k€97k▼
Fixed assets21/28€37k€22k▼
Tangible fixed assets22/27€33k€17k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€27k€13k▼
Financial fixed assets28€4k€4k=
Current assets29/58€106k€76k▼
Amounts receivable within one year40/41€95k€62k▼
Trade receivables40€27k€38k▲
Other amounts receivable41€68k€25k▼
Cash at bank and in hand54/58€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€144k€97k▼
Equity10/15€63k€67k▲
Contributions10/11€13k€13k=
Reserves13€50k€54k▲
Non-distributable reserves130/1€2k€2k=
Financial assistance1313€2k-
Other1319-€2k
Distributable reserves133€48k€51k▲
Amounts payable17/49€80k€31k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€66k€31k▼
Financial debts43-€693
Credit institutions430/8-€693
Trade debts44€37k€5k▼
Suppliers440/4€37k€5k▼
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€15k€6k▼
Remuneration and social security454/9€165€2k▲
Other amounts payable47/48€14k€17k▲
Accrued charges and deferred income492/3€10k-
Income statement
Code20232024
Remuneration, social security and pensions62€540€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€16k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€52k€38k▼
Operating profit (loss)9901€29k€9k▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€368€460▲
Recurring financial charges65€368€460▲
Profit (loss) for the period before taxes9903€29k€9k▼
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€18k€4k▼
Profit (loss) for the period to be appropriated9905€18k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€4k▼
Transfer to equity691/2€18k€4k▼
To other reserves6921€18k€4k▼
The notes to these accounts (5 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 · micro schema · 60 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €18k ▲242%
Operating result €29k, net result €18k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €1k ▼83.6%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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 2025
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.
24-10-2025
Binnatli Nijat: Resigned as Director
10-11-2023
BINNATLI Nijat Elbayi Oglu: Resigned as Director
10-11-2023
EL ALAMI Samir: Resigned as Director
21-04-2022
BILGIC Bayram: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2017
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.
Genkersteenweg 1693500 HasseltGround area
984 m²
Building footprint
279 m²
Volume, LiDAR
1,646 m³
Parcel 71323C0453/00B002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Limbotech
since 20172.261.413.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0453/00B002 | Flanders | 984 m² | 1 · 279 m² | 7.4 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 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,747 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-02-2017
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.