LIMITRIX
ActiveSummary
LIMITRIX has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €313,096 and a net result of -€127,083. Equity has been stable since 2018 (±0.2% per year). Its solvency ranks better than 95% of 825 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-11-2013 Normal situation
- Activity
- Other software publishing NACE 58290and 1 other
- Establishment unit
- 2.223.714.706 9185 Lochristi, since 29-10-2013
- Financial year end
- 30 September
- Peppol
- Reachable since 23-12-2025
Board and ownership
- SOLVAJOManaging director · permanent representative Bram DE WACHTER
- VAN AKEN ThomasDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- -€8,543
- ▲ 66.3%
- Loss
- €127,083
- ▲ 15.4%
- Equity
- €313,096
- ▼ 28.9%
- Total assets
- €313,432
- ▼ 31.9%
Score breakdownraises risk1 change of registered office in 24 monthsLoss of €127,083, the second in a row (financial year 2025)lowers riskSector: Publishing activities (NACE 58)Equity €313,096 (99.9% of total assets)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro). It does better than 87% of them on solvency, 57% on liquidity, 8% on profitability and 20% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 11 filings
Every figure per financial year
The operating result for 2025 is a loss of €127,717, larger than the loss of €110,088 in 2024. It is the lowest result since 2018.
Staff
| Item | 30-09-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.6 |
| Average over the year, in full-time equivalents | 1.6 |
| Joined | 3 |
| Left | 5 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €7,697 | - | - | - |
| Intangible fixed assets | - | €196,748 | €246,075 | €40,163 |
| Depreciation and write-downs of the year | €8,811 | €6,054 | €83,594 | €117,496 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €174,842 | €160 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,520 | €11,553 | €8,718 | €8,811 | €6,054 | €83,594 | €117,496 | ▲ 40.6% |
| Other operating charges640/8 | - | - | - | €2,192 | €2,147 | €1,169 | €1,678 | ▲ 43.6% |
| Gross operating margin9900 | €478,426 | €503,462 | €475,326 | €299,085 | -€27,457 | -€25,326 | -€8,543 | ▲ 66.3% |
| Operating profit (loss)9901 | €344,872 | €321,166 | €306,577 | €113,240 | -€35,818 | -€110,088 | -€127,717 | ▼ 16.0% |
| Financial income75/76B | - | - | - | €1 | - | €44 | €690 | ▲ 16× |
| Recurring financial income75 | €30 | €8 | - | €1 | - | €44 | €690 | ▲ 16× |
| Financial charges65/66B | - | - | - | €740 | €66 | €67 | €69 | ▲ 3.0% |
| Recurring financial charges65 | €274 | €277 | €282 | €740 | €66 | €67 | €69 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €344,628 | €320,898 | €306,295 | €112,500 | -€35,885 | -€110,111 | -€127,096 | ▼ 15.4% |
| Income taxes67/77 | €105,624 | €98,618 | €76,301 | €3,198 | -€481 | €13 | -€13 | - |
| Profit (loss) for the period9904 | €239,004 | €222,280 | €229,993 | €109,303 | -€35,404 | -€110,124 | -€127,083 | ▼ 15.4% |
| Profit (loss) for the period to be appropriated9905 | €239,004 | €222,280 | €229,993 | €109,303 | -€35,404 | -€110,124 | -€127,083 | ▼ 15.4% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €622,163 | €731,492 | €835,148 | €754,885 | €580,847 | €460,069 | €313,432 | ▼ 31.9% |
| Fixed assets21/28 | €21,913 | €14,398 | €8,468 | €7,354 | €198,047 | €360,529 | €281,493 | ▼ 21.9% |
| Intangible fixed assets21 | €9,163 | €5,723 | €2,283 | - | €194,726 | €358,709 | €281,493 | ▼ 21.5% |
| Tangible fixed assets22/27 | €11,350 | €7,275 | €4,785 | €5,954 | €1,921 | €420 | - | - |
| Furniture and vehicles24 | - | - | - | €5,954 | €1,921 | €420 | - | - |
| Financial fixed assets28 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | - | - |
| Current assets29/58 | €600,250 | €717,094 | €826,680 | €747,531 | €382,800 | €99,540 | €31,939 | ▼ 67.9% |
| Amounts receivable within one year40/41 | €464,778 | €427,773 | €582,563 | €30,650 | €9,935 | €10,608 | €582 | ▼ 94.5% |
| Other amounts receivable41 | - | - | - | €30,650 | €9,935 | €10,608 | €582 | ▼ 94.5% |
| Cash at bank and in hand54/58 | €135,472 | €282,275 | €237,071 | €716,881 | €372,865 | €88,932 | €31,357 | ▼ 64.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €622,163 | €731,492 | €835,148 | €754,885 | €580,847 | €460,069 | €313,432 | ▼ 31.9% |
| Equity10/15 | €307,965 | €448,527 | €584,403 | €585,706 | €550,302 | €440,179 | €313,096 | ▼ 28.9% |
| Contributions10/11 | €6,200 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €301,765 | €429,927 | €565,803 | €567,106 | €531,702 | €421,579 | €294,496 | ▼ 30.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €565,246 | €529,842 | €419,719 | €292,636 | ▼ 30.3% |
| Amounts payable17/49 | €314,198 | €282,965 | €250,745 | €169,179 | €30,545 | €19,890 | €337 | ▼ 98.3% |
| Amounts payable within one year42/48 | €314,198 | €282,965 | €250,745 | €169,179 | €30,545 | €19,890 | €337 | ▼ 98.3% |
| Trade debts44 | €202,037 | €160,655 | €123,844 | €59,045 | €30,351 | €19,697 | €143 | ▼ 99.3% |
| Suppliers440/4 | - | - | - | €59,045 | €30,351 | €19,697 | €143 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,941 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €1,941 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €108,192 | €194 | €194 | €194 | = |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €239,004 | €222,280 | €229,993 | €109,303 | -€35,404 | -€110,124 | -€127,083 | ▼ 15.4% |
| + Depreciation and write-downs630 | €11,520 | €11,553 | €8,718 | €8,811 | €6,054 | €83,594 | €117,496 | ▲ 40.6% |
| Operating cash flow (approximation) | €250,524 | €233,833 | €238,712 | €118,114 | -€29,349 | -€26,530 | -€9,586 | ▲ 63.9% |
| Investment in fixed assets (approximation) | - | -€4,038 | -€2,788 | - | -€196,748 | -€246,075 | -€38,461 | ▲ 84.4% |
| Change in cash | - | €146,802 | -€45,204 | - | -€344,017 | -€283,932 | -€57,575 | ▲ 79.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as LIMITRIX has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIMITRIX itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for LIMITRIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00107856 | |
| 30-09-2024 | full format | 24-03-2025 | 2025-00054060 | |
| 30-09-2023 | full format | 23-02-2024 | 2024-00035389 | |
| 30-09-2022 | full format | 27-04-2023 | 2023-00080322 | |
| 31-12-2020 | full format | 27-08-2021 | 2021-55500147 | |
| 31-12-2019 | full format | 02-06-2020 | 2020-15300394 | |
| 31-12-2018 | full format | 29-05-2019 | 2019-15000016 | |
| 31-12-2017 | full format | 23-05-2018 | 2018-13700420 | |
| 31-12-2016 | full format | 02-06-2017 | 2017-14500037 | |
| 31-12-2015 | full format | 17-06-2016 | 2016-18600539 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Owners and capital
Capital transactions
- 28-11-2025 Capital stated in the deed · 186 shares
- 23-09-2021 Converted to unavailable equity · €20,460
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
- end not dated
| Name | Functions and periods |
|---|---|
| SOLVAJO |
|
| VAN AKEN Thomas |
|
| JAVACORE |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Indien de vennootschap nog slechts één aandeelhouder telt, kan deze aandeelhouder zijn aandelen, geheel of gedeeltelijk, vrij overdragen”
Articles of association, deed of 28-11-2025 (in French)
Network & group
LIMITRIX shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of LIMITRIX. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
28-11
Gazette deed
1 director appointed, 1 director resigningResignation: JAVACORE (director) · Appointments: VAN AKEN Thomas (director) and VAN CAUWENBERGH Jan Lucien Remi (permanent representative) · “Bureau voor onderzoek, ontwikkeling, adviesverlening en innovatie op het vlak van en de uitvoering van…” (deed in French)4 points ▸
- 186 shares
- Director resignation, JAVACORE
- Director appointment, VAN AKEN Thomas
- Branch representative, VAN CAUWENBERGH Jan Lucien Remi (permanent representative)
- The deed holds 3 more points.
17-10
Gazette deed
Registered-office moveGeneral meeting of 03-10-20252 points ▸
- General meeting, 03-10-2025
- Registered-office move, Flemish Region
- The deed holds 1 more point.
23-09
Gazette deed
2 directors appointed, 2 managers resigningChanges of role: JAVACORE (director) and SOLVAJO (director) · Permanent representatives: Jan VAN CAUWENBERGH and Bram DE WACHTER11 points ▸
- 186 shares
- Director resignation, JAVACORE (manager)
- Director resignation, SOLVAJO (manager)
- Director appointment, JAVACORE (director (not named in the articles))
- Director appointment, SOLVAJO (director (not named in the articles))
- Permanent representative, Jan VAN CAUWENBERGH
- Permanent representative, Bram DE WACHTER
- Registered office clause, Bois 38, 7880 Flobecq
- Director appointment, JAVACORE (managing director)
- Director appointment, SOLVAJO (managing director)
- General meeting, 16-09-2021
- The deed holds 6 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- Bureau voor onderzoek, ontwikkeling, adviesverlening en innovatie op het vlak van en de uitvoering van mecanografische en elektrotechnische werken, informaticatechnologie in het algemeen, evenals alle aangelegenheden die enig verband houden met deze werkzaamheden voor zowel industriële, professionele als private toepassingen
- Bureau voor studie, ontwikkeling, organisatie, adviesverlening en uitvoering in verband met industriële automatisering, telecommunicatie, elektronica, telefonie, domotica, multimedia, virtual reality en aanverwante domeinen
- Ontwikkeling, productie, commercialisering, verkoop en installatie van soft- en hardware
- Groot- en kleinhandel in soft- en hardware
- Organisatie van opleidingen, seminaries en evenementen met betrekking tot het voorgaande
- Registratie en bescherming van systemen en octrooien die ontwikkeld zijn of zullen worden ontwikkeld
- Elke creatie en elk ontwerp, elke inrichting en elke installatie
- Ontwerp en vervaardiging van mechanische onderdelen van allerlei aard
- Het verlenen van diensten van allerlei aard aan andere vennootschappen of ondernemingen, ongeacht of de vennootschap daarvan deel uitmaakt of niet, evenals aan particulieren
- Exploitatie van octrooien, vergunningen en licenties
- Groot- en kleinhandel, aankoop, verkoop, invoer, uitvoer, huur en verhuur, vertegenwoordiging, makelaardij, commissiehandel, tussenhandel in de handel, het traden van roerende goederen evenals alle verrichtingen met betrekking tot deze goederen en andere, op de wijze die het best geschikt is om het voorwerp te bereiken
- Vervaardiging, ontwerp, verwerking, opslag, leveringsagentschap, leveringsdienst, koerierdienst, verhuur, vertegenwoordiging, agentschap en commis-siehandel, handel in al zijn vormen in alle goederen of producten, fysiek of niet, waarvan de markt tot op heden niet gereglementeerd is
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44472B2066/00G000 | Flanders | 2,827 m² | 1 · 431 m² | 13.4 m · 3 |