LiteTime
ActiveSummary
The computed 12-month bankruptcy probability of LiteTime is 10.0% (elevated). The 2024 annual accounts show negative equity (-€78,139) and a net result of €70,986. Equity has been growing by about 16% per year since 2018. Its solvency ranks better than 15% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-01-2003 Normal situation
- Registered office
- 62 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Wholesale trade NACE 46474and 1 other
- Establishment unit
- 2.126.635.225 8800 Roeselare, since 25-04-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 23-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 10.0%
- Turnover
- €316,077
- Profit
- €70,986
- ▲ 13.0%
- Equity
- -€78,139
- ▲ 47.6%
- Total assets
- €340,645
- ▲ 34.3%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 28-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 120 days late; 2 of the last 3 accounts latelowers riskFounded in 2003Show the evidence
Checked score
About 1 in 10 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 46, micro). It does better than 12% of them on solvency, 14% on liquidity, 89% on profitability and 87% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 76 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 28-11-2025 PDF all 21 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 3% lower than in 2023. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,384 | - | - |
| Financial fixed assets | - | €1,500 | - | - |
| Depreciation and write-downs of the year | €2,089 | €2,358 | €1,719 | €1,719 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as LiteTime: wholesale trade (NACE 46474). They are comparable in size and age: total assets between €235,000 and €401,000, founded between 2001 and 2011.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| LiteTime Roeselare | 2003 | €340,645 | -€78,139 | €66,466 | €316,077 | €70,986 | - | 2024 |
| SOLYSOMBRA Gent | 2003 | €359,180 | €86,270 | €89,780 | - | €19,794 | - | 2025 |
| REIGEL LIGHTING Merchtem | 2005 | €317,715 | €167,691 | €59,444 | - | €3,273 | 1.4 | 2025 |
| PHONALYSE Zaventem | 2001 | €235,108 | €181,746 | €58,166 | - | €3,663 | - | 2024 |
| F.L.S. DISTRI Sint-Agatha-Berchem | 2004 | €271,583 | €60,253 | €158,954 | - | €18,580 | - | 2025 |
| PRO AUDIO TRADE Izegem | 2008 | €401,174 | €296,544 | €161,884 | - | €95,552 | 0 | 2025 |
| IMPOLES Izegem | 2011 | €341,260 | €182,181 | €95,568 | - | €32,814 | - | 2025 |
They were chosen from the 186 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,794 companies had the same profile as LiteTime has now. Two years later, 2.7% had gone bankrupt and 91.5% were still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LiteTime itself is higher: 10.0% within 12 months. It rests on far more data about LiteTime than the profile alone.
Test of the method
The method was tested on the 497,445 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 3,794 companies, not a prediction for LiteTime. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €621,938 | €210,963 | - | - | - | €316,077 | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €13,036 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €262,647 | - |
| Remuneration, social security and pensions62 | - | - | - | €35,919 | -€215 | -€92 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,617 | €4,617 | €2,089 | €2,089 | €2,358 | €1,719 | €1,719 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €3,821 | - | - |
| Other operating charges640/8 | - | - | - | €2,603 | €1,485 | €1,412 | €1,694 | ▲ 20.0% |
| Non-recurring operating charges66A | - | - | - | €5,000 | - | - | - | - |
| Gross operating margin9900 | €33,811 | €108,288 | -€23,447 | €96,815 | €115,765 | €71,780 | €66,466 | ▼ 7.4% |
| Operating profit (loss)9901 | -€71,542 | -€19,003 | -€78,176 | €51,204 | €112,138 | €64,920 | €63,053 | ▼ 2.9% |
| Financial income75/76B | - | - | - | €804 | €3,009 | €6,391 | €13,044 | ▲ 104% |
| Recurring financial income75 | €1,977 | €34 | €0 | €804 | €3,009 | €6,391 | €13,044 | ▲ 104% |
| Financial charges65/66B | - | - | - | €8,059 | €12,404 | €8,129 | €4,319 | ▼ 46.9% |
| Recurring financial charges65 | €9,982 | €7,494 | €6,811 | €8,059 | €5,699 | €8,129 | €4,319 | ▼ 46.9% |
| Non-recurring financial charges66B | - | - | - | - | €6,705 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€79,547 | -€26,462 | -€84,987 | €43,949 | €102,743 | €63,183 | €71,779 | ▲ 13.6% |
| Income taxes67/77 | €458 | - | €369 | €625 | €458 | €369 | €793 | ▲ 115% |
| Profit (loss) for the period9904 | -€80,005 | -€26,462 | -€85,356 | €43,324 | €102,285 | €62,814 | €70,986 | ▲ 13.0% |
| Profit (loss) for the period to be appropriated9905 | -€80,005 | -€26,462 | -€85,356 | €43,324 | €102,285 | €62,814 | €70,986 | ▲ 13.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €118,447 | €119,082 | €47,432 | €65,046 | €164,791 | €253,677 | €340,645 | ▲ 34.3% |
| Formation expenses20 | - | - | - | €0 | - | €0 | - | - |
| Fixed assets21/28 | €19,362 | €14,744 | €14,975 | €12,886 | €7,708 | €5,989 | €4,270 | ▼ 28.7% |
| Intangible fixed assets21 | - | - | - | €0 | - | €0 | - | - |
| Tangible fixed assets22/27 | €18,762 | €14,144 | €14,375 | €12,286 | €5,608 | €3,889 | €2,170 | ▼ 44.2% |
| Land and buildings22 | - | - | - | - | - | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,830 | €4,850 | €3,299 | €1,749 | ▼ 47.0% |
| Furniture and vehicles24 | - | - | - | €927 | €758 | €590 | €421 | ▼ 28.6% |
| Leasing and similar rights25 | - | - | - | - | - | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €7,529 | €0 | €0 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | - | €0 | - | - |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €2,100 | €2,100 | €2,100 | = |
| Current assets29/58 | €99,085 | €104,338 | €32,457 | €52,159 | €157,083 | €247,688 | €336,375 | ▲ 35.8% |
| Stocks and contracts in progress3 | €39,713 | €20,457 | €13,530 | €10,139 | €14,412 | €18,531 | €18,531 | = |
| Stocks30/36 | - | - | - | €10,139 | €14,412 | €18,531 | €18,531 | = |
| Amounts receivable within one year40/41 | €51,597 | €78,781 | €18,927 | €41,006 | €141,442 | €228,581 | €279,609 | ▲ 22.3% |
| Trade receivables40 | - | - | - | €40,099 | €56,650 | €69,213 | €6,696 | ▼ 90.3% |
| Other amounts receivable41 | - | - | - | €907 | €84,792 | €159,367 | €272,913 | ▲ 71.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,014 | €1,229 | €576 | €38,236 | ▲ 66× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €118,447 | €119,082 | €47,432 | €65,046 | €164,791 | €253,677 | €340,645 | ▲ 34.3% |
| Equity10/15 | -€245,729 | -€272,192 | -€357,547 | -€314,223 | -€211,939 | -€149,125 | -€78,139 | ▲ 47.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | - | - | €6,200 | - | - |
| Other1109/19 | - | - | - | - | - | €6,200 | - | - |
| Reserves13 | €4,472 | €4,472 | €4,472 | €4,472 | €4,472 | €4,472 | €4,472 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | - | €1,855 | €1,855 | €1,855 | = |
| Other1319 | - | - | - | €1,855 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €2,617 | €2,617 | €2,617 | €2,617 | = |
| Profit (loss) carried forward14 | -€256,402 | -€282,864 | -€368,220 | -€324,895 | -€222,611 | -€159,797 | -€88,812 | ▲ 44.4% |
| Amounts payable17/49 | €364,176 | €391,274 | €404,979 | €379,269 | €376,730 | €402,802 | €418,785 | ▲ 4.0% |
| Amounts payable after more than one year17 | €52,500 | €52,500 | €112,500 | €112,500 | €112,500 | €112,500 | €112,500 | = |
| Financial debts170/4 | - | - | - | €37,500 | €112,500 | €112,500 | €112,500 | = |
| Other amounts payable178/9 | - | - | - | €75,000 | - | - | - | - |
| Amounts payable within one year42/48 | €311,676 | €338,774 | €292,479 | €266,769 | €264,230 | €290,302 | €268,626 | ▼ 7.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,500 | €12,500 | €12,233 | €11,986 | ▼ 2.0% |
| Financial debts43 | - | - | - | €36,826 | €37,892 | €34,417 | €27,873 | ▼ 19.0% |
| Credit institutions430/8 | - | - | - | €36,826 | €37,892 | €34,417 | €27,873 | ▼ 19.0% |
| Trade debts44 | €140,974 | €191,082 | €128,350 | €184,487 | €179,401 | €174,737 | €127,584 | ▼ 27.0% |
| Suppliers440/4 | - | - | - | €184,487 | €179,401 | €174,737 | €127,584 | ▼ 27.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €26,038 | - |
| Taxes, remuneration and social security45 | - | - | - | €24,375 | €4,789 | €4,981 | €11,209 | ▲ 125% |
| Taxes450/3 | - | - | - | €21,444 | €4,789 | €4,981 | €11,209 | ▲ 125% |
| Remuneration and social security454/9 | - | - | - | €2,931 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €8,581 | €29,647 | €63,935 | €63,935 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €37,659 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,005 | -€26,462 | -€85,356 | €43,324 | €102,285 | €62,814 | €70,986 | ▲ 13.0% |
| + Depreciation and write-downs630 | €4,617 | €4,617 | €2,089 | €2,089 | €2,358 | €1,719 | €1,719 | = |
| Operating cash flow (approximation) | -€75,388 | -€21,845 | -€83,267 | €45,413 | €104,642 | €64,533 | €72,705 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | €0 | -€2,320 | €0 | €2,821 | €0 | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-11-2025 | 2025-00572446 | |
| 31-12-2023 | micro format | 06-09-2024 | 2024-00453009 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00213181 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20316163 | |
| 31-12-2020 | micro format | 04-03-2022 | 2022-07300092 | |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62100143 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-67100474 | |
| 31-12-2017 | micro format | 08-02-2019 | 2019-04900050 | |
| 31-12-2016 | micro format | 20-01-2019 | 2019-01900128 | |
| 31-12-2015 | abbreviated format | 21-06-2016 | 2016-19300598 |
Timeline
Acts, filings and financial milestones
20-10
Gazette deed
Registered office moved within Roeselare2 points ▸
- Board meeting, 31-08-2026
- Registered-office move, Kwadestraat 149 bus 0.1, 8800 Roeselare
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
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0479.254.630
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36017A1279/00F000 | Flanders | 3,013 m² | 1 · 398 m² | 53.6 m · 5 |
| 36015A0654/02S000 | Flanders | 1,190 m² | 1 · 269 m² | 8.6 m · 2 |