LITEDA
ActiveSummary
The annual accounts of LITEDA for fiscal year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €16,824 and a net result of -€52,233. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 9537 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-69
Solvency30▼-12
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.24 against 0.3 in 2024; short-term debt: 59.1% and cash: 6.5% of total assets), and 95.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
-14.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 4 filingsDeviation from the deadline
2025
53 d late
2024
59 d late
2023
86 d late
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€16,824▼ 75.6%
2024 · €69,057
Total assets
€350,446▼ 12.1%
2024 · €398,794
Net result
-€52,233
2024 · €10,782
Working capital
-€157,160▼ 26.7%
2024 · -€124,016
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€24,385-€34,521▲ 41.6%€21,984▼ 36.3%-€43,783
Net result€15,798within the sector's middle half-€22,478within the sector's middle half▲ 42.3%€10,782within the sector's middle half▼ 52.0%-€52,233below the sector's middle half
Equity€35,798within the sector's middle half-€58,276within the sector's middle half▲ 62.8%€69,057within the sector's middle half▲ 18.5%€16,824below the sector's middle half▼ 75.6%
Total assets€323,015above the sector's middle half-€413,679above the sector's middle half▲ 28.1%€398,794above the sector's middle half▼ 3.6%€350,446above the sector's middle half▼ 12.1%
Debt€287,217-€355,403▲ 23.7%€329,736▼ 7.2%€333,622▲ 1.2%
Working capital-€15,785--€114,072▼ 623%-€124,016▼ 8.7%-€157,160▼ 26.7%
Solvency11.1%below the sector's middle half-14.1%below the sector's middle half▲ 3.0pp17.3%below the sector's middle half▲ 3.2pp4.8%below the sector's middle half▼ 12.5pp
Staff (FTE)2.8-
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43,783 after €21,984 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350,446
Fixed assets
€300,650 ▼ 12.9%
Current assets
€49,795 ▼ 7.3%
Equity and liabilities €350,446
Equity
€16,824 ▼ 75.6%
Debt
€333,622 ▲ 1.2%
Debt's share of the balance-sheet total rises from 82.7% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,040▼
2024 · €66,319
Cash flow
-€5,410▼
2024 · €55,117
Current ratio
0.24▼
2024 · 0.30
Debt to equity
19.83▲
2024 · 4.77
ROE
-310.5%▼
2024 · 15.6%
ROA
-14.9%▼
2024 · 2.7%
Interest coverage
0.38▼
2024 · 9.48
Debt ≤ 1 year
€206,955▲
2024 · €177,736
Debt > 1 year
€126,667▼
2024 · €152,000
Income taxes
€417▼
2024 · €4,276
Staff costs
-€585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.6%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 647 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €236,586 | -€85,834 | - | -€585 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,795 | €45,194 | €44,335 | €46,823 | ▲ 5.6% |
| Other operating charges640/8 | €19,002 | €6,958 | €4,143 | €2,489 | ▼ 39.9% |
| Gross operating margin9900 | €306,768 | €839 | €70,461 | €4,945 | ▼ 93.0% |
| Operating profit (loss)9901 | €24,385 | €34,521 | €21,984 | -€43,783 | ▼ 299% |
| Financial income75/76B | €488 | €722 | €72 | - | - |
| Recurring financial income75 | €488 | €722 | €72 | - | - |
| Financial charges65/66B | €4,611 | €5,668 | €6,998 | €8,034 | ▲ 14.8% |
| Recurring financial charges65 | €4,611 | €5,668 | €6,998 | €8,034 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €20,262 | €29,575 | €15,058 | -€51,817 | ▼ 444% |
| Income taxes67/77 | €4,464 | €7,097 | €4,276 | €417 | ▼ 90.3% |
| Profit (loss) for the period9904 | €15,798 | €22,478 | €10,782 | -€52,233 | ▼ 584% |
| Profit (loss) for the period to be appropriated9905 | €15,798 | €22,478 | €10,782 | -€52,233 | ▼ 584% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €323,015 | €413,679 | €398,794 | €350,446 | ▼ 12.1% |
| Fixed assets21/28 | €244,504 | €339,681 | €345,073 | €300,650 | ▼ 12.9% |
| Tangible fixed assets22/27 | €240,099 | €339,476 | €344,868 | €300,445 | ▼ 12.9% |
| Land and buildings22 | €171,021 | €267,434 | €284,986 | €263,128 | ▼ 7.7% |
| Plant, machinery and equipment23 | €30,962 | €45,482 | €34,762 | €22,539 | ▼ 35.2% |
| Furniture and vehicles24 | €38,115 | €26,560 | €25,121 | €14,778 | ▼ 41.2% |
| Financial fixed assets28 | €4,405 | €205 | €205 | €205 | = |
| Current assets29/58 | €78,511 | €73,998 | €53,721 | €49,795 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €78,202 | €49,862 | €48,608 | €23,890 | ▼ 50.9% |
| Trade receivables40 | €47,813 | €44,959 | €35,555 | €17,807 | ▼ 49.9% |
| Other amounts receivable41 | €30,389 | €4,903 | €13,053 | €6,083 | ▼ 53.4% |
| Cash at bank and in hand54/58 | €310 | €24,136 | €1,578 | €22,932 | ▲ 1,353% |
| Deferred charges and accrued income490/1 | - | - | €3,534 | €2,973 | ▼ 15.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €323,015 | €413,679 | €398,794 | €350,446 | ▼ 12.1% |
| Equity10/15 | €35,798 | €58,276 | €69,057 | €16,824 | ▼ 75.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €15,798 | €38,276 | €49,057 | -€3,176 | ▼ 106% |
| Amounts payable17/49 | €287,217 | €355,403 | €329,736 | €333,622 | ▲ 1.2% |
| Amounts payable after more than one year17 | €192,921 | €167,333 | €152,000 | €126,667 | ▼ 16.7% |
| Financial debts170/4 | €170,000 | €153,333 | €140,000 | €126,667 | ▼ 9.5% |
| Other amounts payable178/9 | €22,921 | €14,000 | €12,000 | - | - |
| Amounts payable within one year42/48 | €94,296 | €188,069 | €177,736 | €206,955 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | €38,329 | €57,005 | €64,833 | €25,333 | ▼ 60.9% |
| Financial debts43 | €30,000 | €55,000 | €25,000 | €155,500 | ▲ 522% |
| Other loans439 | €30,000 | €55,000 | €25,000 | €155,500 | ▲ 522% |
| Trade debts44 | €18,474 | €33,825 | €7,023 | €4,279 | ▼ 39.1% |
| Suppliers440/4 | €18,474 | €33,825 | €7,023 | €4,279 | ▼ 39.1% |
| Taxes, remuneration and social security45 | €7,493 | €7,908 | €13,433 | €7,475 | ▼ 44.4% |
| Taxes450/3 | €4,464 | €596 | €12,210 | €6,222 | ▼ 49.0% |
| Remuneration and social security454/9 | €3,029 | €7,312 | €1,223 | €1,253 | ▲ 2.4% |
| Other amounts payable47/48 | - | €34,332 | €67,447 | €14,368 | ▼ 78.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,798 | €22,478 | €10,782 | -€52,233 | ▼ 584% |
| + Depreciation and write-downs630 | €26,795 | €45,194 | €44,335 | €46,823 | ▲ 5.6% |
| Operating cash flow (approximation) | €42,593 | €67,672 | €55,117 | -€5,410 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€140,371 | -€49,727 | -€2,400 | ▲ 95.2% |
| Change in cash | - | €23,826 | -€22,557 | €21,353 | ▲ 195% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-12
Financial
Weakest financial yearnet -€52,233
Net result drops to -€52,233, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Highest result since 2022net €22,478 ▲42.3%
Operating result €34,521, net result €22,478, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tielt · 1 establishment unit since 2020
Ground area
408 m²
Building footprint
84 m²
Volume, LiDAR
581 m³
Parcel 37303G0080/00X002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Engineers & Designers
since 20202.309.259.303
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303G0080/00X002 | Flanders | 408 m² | 1 · 84 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,735 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
ann.demey@liteda.be
Phone
051 62 65 51
E-mail
ann.demey@endes.beTielt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755964649
Also
9925:BE0755964649
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.