Financials
- Financial year
- 2025
- Total assets
- €58.2m
- Profit
- €1.6m
- Solvency
- -1.0%
Total assets▲ 8.3%
Net result
20222025
Liquid Technologies Infrastructure Finance
ActiveSummary
The computed 12-month bankruptcy probability of Liquid Technologies Infrastructure Finance is 7.5% (elevated). The 2025 annual accounts show negative equity (-€558,684) and a net result of €1.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known
Size
≈ €12.0mturnover 2025, estimated
- Equity
- -€558,684
- Profit
- €1.6m
Turnover estimated from the gross marginNet result +85%: other schema
Structure
- Parent
- Liquid Telecommunications (Jersey) Limited S. Etr. · 100%
- Hardwork PemhiwaDirector
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises2025 accounts filed 84 days late6 of 9 deeds summarised
Why 36raises risk2 changes of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 86 days late; 2 of the last 3 lateNo registered site in the KBOlowers riskSize: total assets €58.2mShow the evidence
Checked score
Score 2025
36
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 59% of its sector peers (no NACE code, large)
Financial strength · tick = 2024
Weak
Solvency
24+3
equity -1.0% of total assets
Liquidity
53-8
short-term debt 5.3% · cash 2.3%
Profitability
41+5
return on assets 2.8%
Bankruptcy probability, 12 months
7.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%lowest value
12-2024: 1.1%▲ +0.6 percentage points vs 11-2024
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.2 percentage points vs 05-2025
07-2025: 1.7%▲ +0.4 percentage points vs 06-2025
08-2025: 1.9%▲ +0.2 percentage points vs 07-2025
09-2025: 2.0%▲ +0.1 percentage points vs 08-2025
10-2025: 2.4%▲ +0.4 percentage points vs 09-2025
11-2025: 2.7%▲ +0.3 percentage points vs 10-2025
12-2025: 4.7%▲ +2.0 percentage points vs 11-2025
01-2026: 1.6%▼ -3.1 percentage points vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.7%▲ +0.1 percentage points vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 4.5%▲ +2.8 percentage points vs 05-2026
07-2026: 4.9%▲ +0.4 percentage points vs 06-2026
08-2026: 5.6%▲ +0.7 percentage points vs 07-2026
09-2026: 5.7%▲ +0.1 percentage points vs 08-2026
10-2026: 7.5%▲ +1.8 percentage points vs 09-2026highest value
No credit on open account
Liquidity ample (current ratio 6.04, compared with 6.99 in 2024, above the usual 1.5; short-term debt: 5.3% and cash: 2.3% of total assets), but equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, large): better than 3% on solvency, 81% on liquidity, 61% on profitability and 92% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 84 days late
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 23-12-2025, 84 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
84 days late
2024
12 days early
2023
354 days late
2022
719 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 286 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Resignation: Lorraine Harper (director)Director discharge · Power of…
- Registered officeRegistered-office move · Power of…
- Resignation: IQ EQ Holdings (Belgium) (director)Permanent representative: Laurent Dassonville ·…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€558,684 View
- Positive: Result rose in 2025different schema filed ▲ 84.7% View
- Caution: Directors leftlatest change 09-10-2026 · 1 in office 2 left View
- Caution: Latest accounts filed lateafter the legal deadline 84 days View
- Controlled by Liquid Telecommunications (Jersey) Limited…ultimately: Cassava Technologies Limited 100% View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Liquid Telecommunications (Jersey) Limited… · 100%
- Auditor
- Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises
- Hardwork PemhiwaDirector
Network & group
- Group
- Cassava Technologies Limited
Timeline
- Events
- 17
- Since
- 2023
- 23-12-2025Annual accounts filed
- 22-09-2025Appointment: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises (statutory auditor)
- 10-07-2025Annual accounts filed
Company details
- Legal form
- Private limited company
- Founded
- 10-12-2020
- Year ends
- 28-02
- Peppol
- Reachable for e-invoices
Key facts about Liquid Technologies Infrastructure Finance
- What is the company number of Liquid Technologies Infrastructure Finance?
- 0759.654.906. In Belgium the VAT number is the company number with BE in front: BE 0759.654.906.
- Where is Liquid Technologies Infrastructure Finance based?
- The registered office is at Louizalaan 65, 1050 Elsene.Company details
- What is the legal form of Liquid Technologies Infrastructure Finance?
- Private limited company (BV).
- When was Liquid Technologies Infrastructure Finance founded?
- On 10-12-2020.
- Is Liquid Technologies Infrastructure Finance still active?
- Yes, Liquid Technologies Infrastructure Finance is an active enterprise in the KBO register.
- What is the turnover of Liquid Technologies Infrastructure Finance?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Liquid Technologies Infrastructure Finance profitable?
- In financial year 2025, Liquid Technologies Infrastructure Finance made a profit of €1.6m.
- Where can I find the annual accounts of Liquid Technologies Infrastructure Finance?
- Liquid Technologies Infrastructure Finance filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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