LITECOIN
ActiveSummary
LITECOIN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-257k) and a net result of €-55k. Equity is shrinking by ~41% per year across the filed fiscal years. Its solvency ranks better than 5% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-5
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.48 in 2023; short-term debt: 341.2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← 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
-241.2%
Return on assets
-51.9%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-257k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
118 d late
2023
71 d late
2022
67 d late
2021
115 d late
2020
2 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-257k▼ 20.0%
2023 · €-214k
Total assets
€107k▼ 49.0%
2023 · €209k
Net result
€-55k▼ 146%
2023 · €-23k
Working capital
€-258k▼ 17.9%
2023 · €-219k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-1k▲ 49.5%€-58k▼ 4,443%€-134k▼ 132%€-22k▲ 83.3%€-55k▼ 146%
Net result€-1k▲ 50.2%€-58k▼ 3,859%€-134k▼ 133%€-23k▲ 83.2%€-55k▼ 146%
Equity€-11k▼ 14.6%€-58k▼ 405%€-192k▼ 233%€-214k▼ 11.7%€-257k▼ 20.0%
Total assets€2k▲ 49,174%€13k▲ 589%€112k▲ 740%€209k▲ 87.0%€107k▼ 49.0%
Debt€13k▲ 33.9%€71k▲ 431%€304k▲ 328%€424k▲ 39.4%€364k▼ 14.1%
Working capital€1k€-71k€-201k▼ 184%€-219k▼ 8.6%€-258k▼ 17.9%
Staff (FTE)11=1.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55k in 2024 against €22k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107k
Fixed assets
€496 ▼ 88.2%
Current assets
€106k ▼ 48.2%
Key figures and ratios
EBITDA
€-55k▼
2023 · €-17k
Cash flow
€-55k▼
2023 · €-17k
Solvency
-241.2%▼
2023 · -102.6%
Current ratio
0.29▼
2023 · 0.48
Quick ratio
0.15▼
2023 · 0.30
Debt to equity
-1.41▲
2023 · -1.97
ROA
-51.9%▼
2023 · -10.8%
Interest coverage
-653.78▼
2023 · -247.68
Debt ≤ 1 year
€364k▼
2023 · €424k
Staff costs
€43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €11k | €29k | - | €43k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2k | €5k | €5k | €364 | ▼ 93.2% |
| Other operating charges640/8 | - | - | €3k | €441 | €469 | ▲ 6.4% |
| Gross operating margin9900 | €-1k | €-45k | €-96k | €-17k | €-11k | ▲ 32.2% |
| Operating profit (loss)9901 | €-1k | €-58k | €-134k | €-22k | €-55k | ▼ 146% |
| Financial charges65/66B | - | €26 | €229 | €69 | €84 | ▲ 21.7% |
| Recurring financial charges65 | €188 | €26 | €229 | €69 | €84 | ▲ 21.7% |
| Profit (loss) for the period before taxes9903 | €-1k | €-58k | €-134k | €-23k | €-55k | ▼ 146% |
| Income taxes67/77 | - | €19 | €87 | - | - | - |
| Profit (loss) for the period9904 | €-1k | €-58k | €-134k | €-23k | €-55k | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-58k | €-134k | €-23k | €-55k | ▼ 146% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2k | €13k | €112k | €209k | €107k | ▼ 49.0% |
| Fixed assets21/28 | - | €13k | €9k | €4k | €496 | ▼ 88.2% |
| Tangible fixed assets22/27 | - | €13k | €9k | €4k | €291 | ▼ 92.7% |
| Furniture and vehicles24 | - | €13k | €9k | €4k | €291 | ▼ 92.7% |
| Financial fixed assets28 | - | - | - | €205 | €205 | = |
| Current assets29/58 | €2k | €25 | €102k | €205k | €106k | ▼ 48.2% |
| Stocks and contracts in progress3 | - | - | €79k | €79k | €53k | ▼ 33.2% |
| Stocks30/36 | - | - | €79k | €79k | €53k | ▼ 33.2% |
| Amounts receivable within one year40/41 | €968 | - | €23k | €125k | €53k | ▼ 57.3% |
| Trade receivables40 | - | - | - | €32k | €49k | ▲ 51.5% |
| Other amounts receivable41 | - | - | €23k | €93k | €5k | ▼ 94.8% |
| Cash at bank and in hand54/58 | €964 | €25 | €61 | €97 | - | - |
| Deferred charges and accrued income490/1 | - | - | €759 | €759 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2k | €13k | €112k | €209k | €107k | ▼ 49.0% |
| Equity10/15 | €-11k | €-58k | €-192k | €-214k | €-257k | ▼ 20.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €19k | ▲ 203% |
| Profit (loss) carried forward14 | €-18k | €-64k | €-198k | €-221k | €-276k | ▼ 25.1% |
| Amounts payable17/49 | €13k | €71k | €304k | €424k | €364k | ▼ 14.1% |
| Amounts payable after more than one year17 | €13k | - | - | - | - | - |
| Amounts payable within one year42/48 | €800 | €71k | €304k | €424k | €364k | ▼ 14.1% |
| Financial debts43 | - | - | - | - | €83 | - |
| Credit institutions430/8 | - | - | - | - | €83 | - |
| Trade debts44 | €800 | €4k | €4k | €3k | €4k | ▲ 16.9% |
| Suppliers440/4 | - | €4k | €4k | €3k | €4k | ▲ 16.9% |
| Taxes, remuneration and social security45 | - | €43k | €31k | €25k | €9k | ▼ 66.0% |
| Taxes450/3 | - | €14k | €27k | €25k | €856 | ▼ 96.6% |
| Remuneration and social security454/9 | - | €28k | €4k | - | €8k | - |
| Other amounts payable47/48 | - | €24k | €269k | €395k | €351k | ▼ 11.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-58k | €-134k | €-23k | €-55k | ▼ 146% |
| + Depreciation and write-downs630 | - | €2k | €5k | €5k | €364 | ▼ 93.2% |
| Operating cash flow (approximation) | €-1k | €-56k | €-129k | €-17k | €-55k | ▼ 220% |
| Investment in fixed assets (approximation) | - | - | €-1k | €-205 | €3k | ▲ 1,723% |
| Change in cash | - | €-939 | €36 | €36 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 118 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Weakest financial yearnet €-134k
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity times 391current ratio 2.41
Current ratio from 0.01 to 2.41.
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 173 days late
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Brussel · 2 establishment units since 2013
Ground area
4,681 m²
Building footprint
3,164 m²
Volume, LiDAR
57,102 m³
2 parcels, Brussels, Flanders · tallest building 31.7 m, ±9 floors. Linked by address, not a title deed.
74
companies at this address
See who is registered here
2 establishment units
LITECOIN
since 20132.221.502.017
LITECOIN
since 20232.354.098.542
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 31013A0081/00B000 | Flanders | 1,297 m² | 1 · 385 m² | 31.1 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
85599Other education
47690Retail sale of other cultural and recreation goods
62200Computer consultancy and computer facilities management
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.