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LITHIUM

Active
Public limited companyfounded 1995active for 31 yearsEikeldreef 12, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0455.459.441
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LITHIUMActiveChecked score 98/100
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Financials · financial year 2026, abbreviated format

Annual accounts 2026 filed on 21-09-2026 at the NBB all 30 filings

Turnover
≈ €340,000
Estimated: probably between €250,000 and €670,000
Total assets
€3.9m▲ 29.1%
2025 · €3.0m
Net result
€1.5m▲ 246%
2025 · €423,033
Working capital
€2.9m▲ 77.7%
2025 · €1.6m
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 23% lower than in 2025 and the lowest since 2022.

Operating result€0.1m 2026 Net result€1.5m 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.1m-€0.1m▲ 19.2%€0.08m▼ 40.8%€0.3m▲ 297%€0.2m▼ 44.5%€0.1m▼ 41.5%€0.1m▲ 22.2%€0.1m▼ 23.1%
Net result€0.4m-€0.3m▼ 14.1%€0.2mabove the sector's middle half▼ 53.3%€0.3mabove the sector's middle half▲ 104%€0.2mabove the sector's middle half▼ 31.2%€0.2mabove the sector's middle half▼ 5.1%€0.4mabove the sector's middle half▲ 111%€1.5m▲ 246%
Equity€2.3m-€2.6m▲ 13.9%€2.8mabove the sector's middle half▲ 5.7%€2.9mabove the sector's middle half▲ 3.4%€2.9mabove the sector's middle half▼ 0.6%€2.9mabove the sector's middle half▲ 0.9%€2.9mabove the sector's middle half▲ 1.5%€3.5m▲ 19.2%
Total assets€2.4m-€2.7m▲ 12.7%€2.8mabove the sector's middle half▲ 4.1%€3.0mabove the sector's middle half▲ 6.3%€3.0mabove the sector's middle half▲ 0.2%€3.0mabove the sector's middle half▼ 1.1%€3.0mabove the sector's middle half▲ 2.2%€3.9m▲ 29.1%
Debt€0.08m-€0.06m▼ 21.1%€0.02m▼ 62.1%€0.1m▲ 349%€0.1m▲ 24.0%€0.08m▼ 43.2%€0.1m▲ 27.7%€0.4m▲ 329%
Working capital€1.0m-€1.4m▲ 41.6%€1.6mabove the sector's middle half▲ 14.5%€1.5mabove the sector's middle half▼ 2.5%€1.5mabove the sector's middle half▲ 1.2%€1.6mabove the sector's middle half▲ 2.9%€1.6mabove the sector's middle half▲ 4.2%€2.9m▲ 77.7%
Solvency96.6%-97.6%▲ 1.0pp99.1%above the sector's middle half▲ 1.5pp96.4%above the sector's middle half▼ 2.8pp95.5%above the sector's middle half▼ 0.9pp97.4%above the sector's middle half▲ 1.9pp96.8%above the sector's middle half▼ 0.6pp89.3%▼ 7.5pp
Current ratio13.71-23.17▲ 9.4567.66above the sector's middle half▲ 44.4915.31above the sector's middle half▼ 52.3412.87above the sector's middle half▼ 2.4423.34above the sector's middle half▲ 10.4619.92above the sector's middle half▼ 3.418.25▼ 11.67
Return on assets (ROA)15.7%-11.9%▼ 3.7pp5.3%within the sector's middle half▼ 6.6pp10.3%within the sector's middle half▲ 4.9pp7.1%within the sector's middle half▼ 3.2pp6.8%within the sector's middle half▼ 0.3pp14.0%within the sector's middle half▲ 7.2pp37.5%▲ 23.5pp
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2026 Net result +246% on 2025. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €3.9m
Fixed assets €572,625 ▼ 55.6%
Current assets €3.3m ▲ 92.1%
Equity and liabilities €3.9m
Equity €3.5m ▲ 19.2%
Debt €417,463 ▲ 329%
Debt's share of the balance-sheet total rises from 3.2% to 10.7%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€131,021▼
2025 · €143,926
Cash flow
€1.5m▲
2025 · €441,497
Debt to equity
0.12▲
2025 · 0.03
ROE
42.0%▲
2025 · 14.4%
Interest coverage
7.52▼
2025 · 9.98
Debt ≤ 1 year
€404,200▲
2025 · €87,120
Income taxes
€146,825▲
2025 · €71,115
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-04-202230-04-202330-04-202430-04-202530-04-2026
Tangible fixed assets€363,082---€87,004
Financial fixed assets€250€0---
Depreciation and write-downs of the year€10,561€18,464€18,464€18,464€34,578

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as LITHIUM: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €3.1m and €4.2m, founded between 1992 and 1997.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
LITHIUM Sint-Martens-Latem1995€3.9m€3.5m€0.2m€1.5m2026
WATERWEELDE Lede1994€3.2m€1.6m€0.2m€0.08m2025
SOPARFIN Ukkel1995€3.7m€0.1m€0.2m€0.3m2025
CICAM Kraainem1993€3.5m€3.4m€0.2m-€0.05m2025
PHINCO Waterloo1997€3.1m€2.8m€0.2m€0.1m2025
Cost Management International Lievegem1992€4.2m€1.3m€0.3m€0.03m2025
AXCOLIM Diepenbeek1994€4.1m€1.8m€0.3m€0.1m2025

They were chosen from the 1,742 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 observation

In July 2024, 20,136 companies had the same profile as LITHIUM has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% was still going

That fits the bankruptcy probability of LITHIUM itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the 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% 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 20,136 companies, not a prediction for LITHIUM. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 57 lines

Source: Annual accounts 2026 at the NBB, filed on 21-09-2026.

Balance sheet Code20252026
Assets
Total assets20/58€3.0m€3.9m▲
Fixed assets21/28€1.3m€0.6m▼
Tangible fixed assets22/27€0.3m€0.4m▲
Land and buildings22€0.3m€0.3m▼
Furniture and vehicles24-€0.07m
Financial fixed assets28€1.0m€0.2m▼
Current assets29/58€1.7m€3.3m▲
Amounts receivable after more than one year29€0.4m€2.0m▲
Other amounts receivable291€0.4m€2.0m▲
Amounts receivable within one year40/41€0.2m€0.5m▲
Trade receivables40€0.03m€0.03m▼
Other amounts receivable41€0.1m€0.4m▲
Current investments50/53€0.5m€0.6m▲
Cash at bank and in hand54/58€0.5m€0.2m▼
Deferred charges and accrued income490/1€0.04m€0.05m▲
Equity and liabilities
Total equity and liabilities10/49€3.0m€3.9m▲
Equity10/15€2.9m€3.5m▲
Contributions10/11€0.2m€0.2m=
Capital10€0.2m€0.2m=
Issued capital100€0.2m€0.2m=
Reserves13€2.6m€3.1m▲
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130€0.02m€0.02m=
Tax-exempt reserves132€0.01m€0.01m=
Distributable reserves133€2.5m€3.1m▲
Profit (loss) carried forward14€0.2m€0.2m=
Amounts payable17/49€0.1m€0.4m▲
Amounts payable within one year42/48€0.09m€0.4m▲
Trade debts44€0.005m€305▼
Suppliers440/4€0.005m€305▼
Taxes, remuneration and social security45€0.03m€0.1m▲
Taxes450/3€0.03m€0.1m▲
Other amounts payable47/48€0.06m€0.3m▲
Accrued charges and deferred income492/3€0.01m€0.01m▲
Income statement Code20252026
Non-recurring operating income76A-€0.009m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.03m▲
Other operating charges640/8€0.002m€0.002m▲
Non-recurring operating charges66A-€0.05m
Gross operating margin9900€0.1m€0.2m▲
Operating profit (loss)9901€0.1m€0.1m▼
Financial income75/76B€0.4m€1.5m▲
Recurring financial income75€0.4m€1.5m▲
Non-recurring financial income76B-€0.05m
Financial charges65/66B€0.02m€0.02m▼
Recurring financial charges65€0.01m€0.02m▲
Non-recurring financial charges66B€0.005m€0▼
Profit (loss) for the period before taxes9903€0.5m€1.6m▲
Income taxes67/77€0.07m€0.1m▲
Profit (loss) for the period9904€0.4m€1.5m▲
Profit (loss) for the period to be appropriated9905€0.4m€1.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.6m€1.7m▲
Profit (loss) brought forward from the previous period14P€0.2m€0.2m=
Transfer from equity791/2€0.4m€0.9m▲
Transfer to equity691/2€0.4m€1.5m▲
To other reserves6921€0.4m€1.5m▲
Profit to be distributed694/7€0.4m€0.9m▲
Return on contributions (dividend)694€0.4m€0.9m▲

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Non-recurring operating income76A---€0.2m€0--€0.009m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.03m€0.02m€0.01m€0.02m€0.02m€0.02m€0.03m▲ 87.3%
Other operating charges640/8---€0.004m€0.002m€0.002m€0.002m€0.002m▲ 6.6%
Non-recurring operating charges66A-------€0.05m-
Gross operating margin9900€0.2m€0.2m€0.1m€0.3m€0.2m€0.1m€0.1m€0.2m▲ 25.5%
Operating profit (loss)9901€0.1m€0.1m€0.08m€0.3m€0.2m€0.1m€0.1m€0.1m▼ 23.1%
Financial income75/76B---€0.2m€0.1m€0.1m€0.4m€1.5m▲ 295%
Recurring financial income75€0.3m€0.3m€0.1m€0.2m€0.1m€0.1m€0.4m€1.5m▲ 282%
Non-recurring financial income76B-------€0.05m-
Financial charges65/66B---€0.02m€0.05m€0.009m€0.02m€0.02m▼ 10.5%
Recurring financial charges65€0.005m€0.005m€0.03m€0.007m€0.009m€0.009m€0.01m€0.02m▲ 20.8%
Non-recurring financial charges66B---€0.01m€0.04m€0€0.005m€0▼ 100%
Profit (loss) for the period before taxes9903€0.4m€0.4m€0.2m€0.5m€0.3m€0.2m€0.5m€1.6m▲ 226%
Income taxes67/77€0.05m€0.08m€0.04m€0.1m€0.06m€0.04m€0.07m€0.1m▲ 106%
Profit (loss) for the period9904€0.4m€0.3m€0.2m€0.3m€0.2m€0.2m€0.4m€1.5m▲ 246%
Transfer from tax-exempt reserves789---€0.1m€0----
Profit (loss) for the period to be appropriated9905€0.4m€0.3m€0.2m€0.4m€0.2m€0.2m€0.4m€1.5m▲ 246%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€2.4m€2.7m€2.8m€3.0m€3.0m€3.0m€3.0m€3.9m▲ 29.1%
Fixed assets21/28€1.4m€1.3m€1.2m€1.4m€1.3m€1.3m€1.3m€0.6m▼ 55.6%
Tangible fixed assets22/27€0.3m€0.2m€0.2m€0.4m€0.3m€0.3m€0.3m€0.4m▲ 17.5%
Land and buildings22---€0.4m€0.3m€0.3m€0.3m€0.3m▼ 6.2%
Plant, machinery and equipment23---€0-----
Furniture and vehicles24---€0---€0.07m-
Financial fixed assets28€1.1m€1.0m€1.0m€1.0m€1.0m€1.0m€1.0m€0.2m▼ 77.8%
Current assets29/58€1.0m€1.4m€1.6m€1.6m€1.7m€1.7m€1.7m€3.3m▲ 92.1%
Amounts receivable after more than one year29---€0.05m€0.05m€0.5m€0.4m€2.0m▲ 352%
Other amounts receivable291---€0.05m€0.05m€0.5m€0.4m€2.0m▲ 352%
Amounts receivable within one year40/41€0.4m€0.02m€0.05m€0.6m€0.8m€0.3m€0.2m€0.5m▲ 191%
Trade receivables40---€0.03m€0.03m€0.03m€0.03m€0.03m▼ 5.8%
Other amounts receivable41---€0.6m€0.7m€0.2m€0.1m€0.4m▲ 240%
Current investments50/53€0.2m€0.4m€0.5m€0.5m€0.5m€0.5m€0.5m€0.6m▲ 5.0%
Cash at bank and in hand54/58€0.5m€0.9m€1.0m€0.5m€0.3m€0.3m€0.5m€0.2m▼ 59.1%
Deferred charges and accrued income490/1---€0.002m€0.05m€0.06m€0.04m€0.05m▲ 24.4%
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.7m€2.8m€3.0m€3.0m€3.0m€3.0m€3.9m▲ 29.1%
Equity10/15€2.3m€2.6m€2.8m€2.9m€2.9m€2.9m€2.9m€3.5m▲ 19.2%
Contributions10/11€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Capital10---€0.2m€0.2m€0.2m€0.2m€0.2m=
Issued capital100---€0.2m€0.2m€0.2m€0.2m€0.2m=
Reserves13€1.9m€2.3m€2.4m€2.5m€2.5m€2.5m€2.6m€3.1m▲ 22.0%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.02m€0.02m=
Legal reserve130---€0.02m€0.02m€0.02m€0.02m€0.02m=
Tax-exempt reserves132---€0.01m€0.01m€0.01m€0.01m€0.01m=
Distributable reserves133---€2.5m€2.5m€2.5m€2.5m€3.1m▲ 22.2%
Profit (loss) carried forward14€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Amounts payable17/49€0.08m€0.06m€0.02m€0.1m€0.1m€0.08m€0.1m€0.4m▲ 329%
Amounts payable within one year42/48€0.08m€0.06m€0.02m€0.1m€0.1m€0.07m€0.09m€0.4m▲ 364%
Trade debts44€0.007m€0.02m€0.007m€0.005m€222€149€0.005m€305▼ 93.3%
Suppliers440/4---€0.005m€222€149€0.005m€305▼ 93.3%
Taxes, remuneration and social security45---€0.02m€0.03m€0.02m€0.03m€0.1m▲ 437%
Taxes450/3---€0.02m€0.03m€0.02m€0.03m€0.1m▲ 437%
Other amounts payable47/48---€0.08m€0.1m€0.05m€0.06m€0.3m▲ 367%
Accrued charges and deferred income492/3---€0.002m€0.005m€0.005m€0.01m€0.01m▲ 29.0%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€0.4m€0.3m€0.2m€0.3m€0.2m€0.2m€0.4m€1.5m▲ 246%
+ Depreciation and write-downs630€0.05m€0.03m€0.02m€0.01m€0.02m€0.02m€0.02m€0.03m▲ 87.3%
Operating cash flow (approximation)€0.4m€0.4m€0.2m€0.3m€0.2m€0.2m€0.4m€1.5m▲ 240%
Investment in fixed assets (approximation)-€0.05m€0.03m-€0.1m€0.02m€0€0€0.7m-
Change in cash-€0.4m€0.07m-€0.5m-€0.2m-€0.02m€0.3m-€0.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 30 filings with the National Bank
Financial year Type Filed Reference Document
30-04-2026 abbreviated format 21-09-2026 2026-00519983 NBB
30-04-2025 micro format 24-11-2025 2025-00570403 PDF
30-04-2024 micro format 09-10-2024 2024-00501061 PDF
30-04-2023 micro format 30-11-2023 2023-00519015 PDF
30-04-2022 micro format 17-08-2022 2022-20290787 PDF
30-04-2021 micro format 29-11-2021 2021-78500448 PDF
30-04-2020 micro format 13-11-2020 2020-70200533 PDF
30-04-2019 abbreviated format 25-10-2019 2019-71400150 PDF
30-04-2018 micro format 02-10-2018 2018-67700160 PDF
30-04-2017 micro format 13-10-2017 2017-67100350 PDF

Show all 30 filings

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