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LITECH-TECHNICS

Active
Private limited companyfounded 2024active for 1 yearOude Diksmuidse Boterweg 45, 8760 Tielt, BelgiumKBO/BCE: BE 1017.623.040
Summary

The computed 12-month bankruptcy probability of LITECH-TECHNICS is 2.2% (moderate). The 2025 annual accounts show equity of €28,122 and a net result of €23,122. Its solvency ranks better than 28% of 34,650 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€28,122
Total assets
€105,625
Net result
€23,122
Working capital
-€4,936

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

Balance-sheet composition
Assets €105,625
Fixed assets €63,816
Current assets €41,809
Equity and liabilities €105,625
Equity €28,122
Debt €77,503
Debt finances 73.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€44,568
Cash flow
€34,546
Current ratio
0.89
Quick ratio
0.33
Debt to equity
2.76
ROE
82.2%
ROA
21.9%
Interest coverage
29.57
Debt ≤ 1 year
€46,745
Debt > 1 year
€30,758
Income taxes
€8,575

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 46 lines
Balance sheet Code2025
Assets
Total assets20/58€105,625
Fixed assets21/28€63,816
Tangible fixed assets22/27€63,816
Plant, machinery and equipment23€6,910
Furniture and vehicles24€56,907
Current assets29/58€41,809
Stocks and contracts in progress3€26,250
Stocks30/36€13,959
Contracts in progress37€12,291
Amounts receivable within one year40/41€8,973
Trade receivables40€4,913
Other amounts receivable41€4,060
Cash at bank and in hand54/58€5,514
Deferred charges and accrued income490/1€1,071
Equity and liabilities
Total equity and liabilities10/49€105,625
Equity10/15€28,122
Contributions10/11€5,000
Reserves13€23,122
Distributable reserves133€23,122
Amounts payable17/49€77,503
Amounts payable after more than one year17€30,758
Financial debts170/4€30,758
Amounts payable within one year42/48€46,745
Current portion of amounts payable after more than one year42€8,995
Trade debts44€15,462
Suppliers440/4€15,462
Advances received on contracts in progress46€602
Taxes, remuneration and social security45€10,002
Taxes450/3€10,002
Other amounts payable47/48€11,685
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,423
Other operating charges640/8€1,088
Non-recurring operating charges66A€10
Gross operating margin9900€45,667
Operating profit (loss)9901€33,145
Financial income75/76B€59
Recurring financial income75€59
Financial charges65/66B€1,507
Recurring financial charges65€1,507
Profit (loss) for the period before taxes9903€31,697
Income taxes67/77€8,575
Profit (loss) for the period9904€23,122
Profit (loss) for the period to be appropriated9905€23,122
Appropriation of the result
Profit (loss) to be appropriated9906€23,122
Transfer to equity691/2€23,122
To other reserves6921€23,122

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,423
Other operating charges640/8€1,088
Non-recurring operating charges66A€10
Gross operating margin9900€45,667
Operating profit (loss)9901€33,145
Financial income75/76B€59
Recurring financial income75€59
Financial charges65/66B€1,507
Recurring financial charges65€1,507
Profit (loss) for the period before taxes9903€31,697
Income taxes67/77€8,575
Profit (loss) for the period9904€23,122
Profit (loss) for the period to be appropriated9905€23,122
Line2025
Assets
Total assets20/58€105,625
Fixed assets21/28€63,816
Tangible fixed assets22/27€63,816
Plant, machinery and equipment23€6,910
Furniture and vehicles24€56,907
Current assets29/58€41,809
Stocks and contracts in progress3€26,250
Stocks30/36€13,959
Contracts in progress37€12,291
Amounts receivable within one year40/41€8,973
Trade receivables40€4,913
Other amounts receivable41€4,060
Cash at bank and in hand54/58€5,514
Deferred charges and accrued income490/1€1,071
Equity and liabilities
Total equity and liabilities10/49€105,625
Equity10/15€28,122
Contributions10/11€5,000
Reserves13€23,122
Distributable reserves133€23,122
Amounts payable17/49€77,503
Amounts payable after more than one year17€30,758
Financial debts170/4€30,758
Amounts payable within one year42/48€46,745
Current portion of amounts payable after more than one year42€8,995
Trade debts44€15,462
Suppliers440/4€15,462
Advances received on contracts in progress46€602
Taxes, remuneration and social security45€10,002
Taxes450/3€10,002
Other amounts payable47/48€11,685
Line2025
Profit (loss) for the period9904€23,122
+ Depreciation and write-downs630€11,423
Operating cash flow (approximation)€34,546

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 19-06-2026 2026-00175998

Similar companies · same sector, comparable size

Of the 22,643 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,451. 7,990 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.