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LITHO

Active
Private limited companyfounded 20206 yrs activeWortegemsesteenweg 30, 8570 Anzegem, BelgiumKBO/BCE: BE 0746.576.633
Summary

The computed 12-month bankruptcy probability of LITHO is 2.8% (moderate). The 2025 annual accounts show equity of €30,103 and a net result of -€3,737. Equity is shrinking by ~6.9% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability32▲+23
Solvency44▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 1.27 in 2024; short-term debt: 81.2% and cash: 0.1% of total assets), and 81.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
18.8%
Return on assets
-2.3%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2122232425
2021 to 2025 · latest year -€3,737
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
22 d early
2024
8 d early
2023
21 d late
2022
30 d late
2021
61 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LITHO was incorporated on 29 April 2020 as a Private limited company.1 Total assets fell from EUR 437,468 in 2021 to EUR 160,083 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€30,103▼ 11.0%
2024 · €33,840
Total assets
€160,083=
2024 · €160,155
Net result
-€3,737▲ 79.2%
2024 · -€17,945
Working capital
€30,103▼ 11.0%
2024 · €33,840
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
Line20212022202320242025
Operating result€33,413-€47,252▲ 41.4%€38,470▼ 18.6%-€2,945-€1,693▲ 42.5%
Net result€25,094-€37,135▲ 48.0%€32,556▼ 12.3%-€17,945-€3,737▲ 79.2%
Equity€34,094-€49,229▲ 44.4%€51,785▲ 5.2%€33,840▼ 34.7%€30,103▼ 11.0%
Total assets€437,468-€603,189▲ 37.9%€215,561▼ 64.3%€160,155▼ 25.7%€160,083=
Debt€403,374-€553,960▲ 37.3%€163,776▼ 70.4%€126,315▼ 22.9%€129,981▲ 2.9%
Working capital€34,094-€49,229▲ 44.4%€51,785▲ 5.2%€33,840▼ 34.7%€30,103▼ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: €33,413€33,413Net result 2021: €25,094€25,094Operating result 2022: €47,252€47,252Net result 2022: €37,135€37,135Operating result 2023: €38,470€38,470Net result 2023: €32,556€32,556Operating result 2024: -€2,945-€2,945Net result 2024: -€17,945-€17,945Operating result 2025: -€1,693-€1,693Net result 2025: -€3,737-€3,73720212022202320242025-€20,000€0€20,000€40,000Operating result 2023: €38,470€38,500Net result 2023: €32,556€32,600Operating result 2024: -€2,945-€2,940Net result 2024: -€17,945-€17,900Operating result 2025: -€1,693-€1,690Net result 2025: -€3,737-€3,740202320242025
The operating result stays negative: a loss of €1,693 in 2025 against €2,945 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €160,083
Equity €30,103 ▼ 11.0%
Debt €129,981 ▲ 2.9%
Debt's share of the balance-sheet total rises from 78.9% to 81.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.23▼
2024 · 1.27
Quick ratio
0.00▼
2024 · 0.00
Debt to equity
4.32▲
2024 · 3.73
ROE
-12.4%▲
2024 · -53.0%
ROA
-2.3%▲
2024 · -11.2%
Debt ≤ 1 year
€129,981▲
2024 · €126,315
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
3.9% went bankrupt
3.7% stopped otherwise
91% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,549 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 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€160,155€160,083=
Current assets29/58€160,155€160,083=
Stocks and contracts in progress3€160,000€160,000=
Stocks30/36€160,000€160,000=
Cash at bank and in hand54/58€155€83▼
Equity and liabilities
Total equity and liabilities10/49€160,155€160,083=
Equity10/15€33,840€30,103▼
Contributions10/11€20,000€20,000=
Reserves13€31,785€31,785=
Distributable reserves133€31,785€31,785=
Profit (loss) carried forward14-€17,945-€21,683▼
Amounts payable17/49€126,315€129,981▲
Amounts payable within one year42/48€126,315€129,981▲
Financial debts43€110,219-
Credit institutions430/8€110,219-
Trade debts44€1,326€1,103▼
Suppliers440/4€1,326€1,103▼
Other amounts payable47/48€14,770€128,878▲
Income statement Code20242025
Other operating charges640/8€499€513▲
Gross operating margin9900-€2,445-€1,180▲
Operating profit (loss)9901-€2,945-€1,693▲
Financial charges65/66B€15,001€2,044▼
Recurring financial charges65€15,001€2,044▼
Profit (loss) for the period before taxes9903-€17,945-€3,737▲
Income taxes67/77-€0-
Profit (loss) for the period9904-€17,945-€3,737▲
Profit (loss) for the period to be appropriated9905-€17,945-€3,737▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17,945-€21,683▼
Profit (loss) brought forward from the previous period14P--€17,945

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€126€1,510€499€513▲ 2.8%
Gross operating margin9900€34,677€47,378€39,980-€2,445-€1,180▲ 51.8%
Operating profit (loss)9901€33,413€47,252€38,470-€2,945-€1,693▲ 42.5%
Financial income75/76B-€0€0---
Recurring financial income75-€0€0---
Financial charges65/66B-€5,749€5,089€15,001€2,044▼ 86.4%
Recurring financial charges65€3,621€5,749€5,089€15,001€2,044▼ 86.4%
Profit (loss) for the period before taxes9903€29,792€41,503€33,382-€17,945-€3,737▲ 79.2%
Income taxes67/77€4,698€4,368€825-€0--
Profit (loss) for the period9904€25,094€37,135€32,556-€17,945-€3,737▲ 79.2%
Profit (loss) for the period to be appropriated9905€25,094€37,135€32,556-€17,945-€3,737▲ 79.2%
Line20212022202320242025Change
Assets
Total assets20/58€437,468€603,189€215,561€160,155€160,083=
Current assets29/58€437,468€603,189€215,561€160,155€160,083=
Stocks and contracts in progress3€265,273€542,450€160,000€160,000€160,000=
Stocks30/36-€542,450€160,000€160,000€160,000=
Amounts receivable within one year40/41€78,162€60,000----
Trade receivables40-€60,000----
Cash at bank and in hand54/58€87,034€739€55,561€155€83▼ 46.2%
Equity and liabilities
Total equity and liabilities10/49€437,468€603,189€215,561€160,155€160,083=
Equity10/15€34,094€49,229€51,785€33,840€30,103▼ 11.0%
Contributions10/11-€20,000€20,000€20,000€20,000=
Reserves13€14,094€29,229€31,785€31,785€31,785=
Distributable reserves133-€29,229€31,785€31,785€31,785=
Profit (loss) carried forward14----€17,945-€21,683▼ 20.8%
Amounts payable17/49€403,374€553,960€163,776€126,315€129,981▲ 2.9%
Amounts payable within one year42/48€403,374€553,960€163,776€126,315€129,981▲ 2.9%
Financial debts43-€194,700€110,000€110,219--
Credit institutions430/8-€194,700€110,000€110,219--
Trade debts44€10,876€59,744€1,101€1,326€1,103▼ 16.8%
Suppliers440/4-€59,744€1,101€1,326€1,103▼ 16.8%
Taxes, remuneration and social security45-€9,368€5,825---
Taxes450/3-€9,368€5,825---
Other amounts payable47/48-€290,148€46,850€14,770€128,878▲ 773%
Line20212022202320242025Change
Profit (loss) for the period9904€25,094€37,135€32,556-€17,945-€3,737▲ 79.2%
Operating cash flow (approximation)€25,094€37,135€32,556-€17,945-€3,737▲ 79.2%
Change in cash--€86,295€54,822-€55,407-€71▲ 99.9%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
08-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Weakest financial yearnet -€17,945
Net result drops to -€17,945, the lowest in the series; recovery starts the following year.
21-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
Financial Highest result since 2021net €37,135 ▲48%
Operating result €47,252, net result €37,135, both a record.
28-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Anzegem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
215 m²
Building footprint
215 m²
Volume, LiDAR
1,621 m³
Parcel 34002D0006/00F000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
LITHO
Wortegemsesteenweg 30, 8570 AnzegemReal estate activities
since 20202.301.608.080
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34002D0006/00F000 Flanders 215 m² 1 · 215 m² 12.5 m · 3 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded29-04-2020
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.