LITHOS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 40 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is nearly 27 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
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.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €978 | - | €20,422 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,957 | €13,957 | €13,957 | €13,735 | €12,997 | €12,997 | €12,997 | €6,658 | ▼ 48.8% |
| Other operating charges640/8 | - | - | - | €3,514 | €3,261 | €3,397 | €3,020 | €2,695 | ▼ 10.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,116 | - | - | - |
| Gross operating margin9900 | €28,853 | €20,706 | €15,941 | €27,280 | €19,464 | €25,597 | €19,893 | €112,979 | ▲ 468% |
| Operating profit (loss)9901 | €11,190 | €2,593 | -€1,932 | €10,031 | €3,206 | €8,088 | €3,875 | €103,625 | ▲ 27× |
| Financial income75/76B | - | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €404 | €504 | €375 | €497 | €485 | ▼ 2.3% |
| Recurring financial charges65 | €677 | €406 | €983 | €404 | €504 | €375 | €497 | €485 | ▼ 2.3% |
| Profit (loss) for the period before taxes9903 | €10,513 | €2,187 | -€2,915 | €9,626 | €2,702 | €7,712 | €3,378 | €103,140 | ▲ 31× |
| Transfer from deferred taxes780 | - | - | - | €2,342 | €8,535 | €2,342 | €2,342 | €119,003 | ▲ 51× |
| Income taxes67/77 | €3,563 | €2,292 | €1,053 | €4,088 | €5,535 | €5,251 | €2,526 | €124,483 | ▲ 49× |
| Profit (loss) for the period9904 | €9,293 | €2,237 | -€1,626 | €7,881 | €5,702 | €4,803 | €3,194 | €97,660 | ▲ 31× |
| Transfer from tax-exempt reserves789 | - | - | - | €3,349 | €15,576 | €3,549 | €3,549 | €244,303 | ▲ 69× |
| Profit (loss) for the period to be appropriated9905 | €12,842 | €5,786 | €1,923 | €11,230 | €21,278 | €8,353 | €6,744 | €341,963 | ▲ 51× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €779,527 | €535,306 | €524,459 | €527,227 | €532,218 | €534,112 | €529,886 | €610,010 | ▲ 15.1% |
| Fixed assets21/28 | €426,593 | €412,636 | €398,679 | €384,943 | €371,946 | €358,948 | €345,951 | €154,855 | ▼ 55.2% |
| Tangible fixed assets22/27 | €426,469 | €412,512 | €398,555 | €384,819 | €371,822 | €358,824 | €345,827 | €154,731 | ▼ 55.3% |
| Land and buildings22 | - | - | - | €384,819 | €371,822 | €358,824 | €345,827 | €154,731 | ▼ 55.3% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €352,934 | €122,670 | €125,780 | €142,284 | €160,272 | €175,163 | €183,936 | €455,155 | ▲ 147% |
| Amounts receivable within one year40/41 | €274,380 | €42,464 | €45,114 | €62,728 | €77,787 | €87,676 | €86,749 | €84,084 | ▼ 3.1% |
| Trade receivables40 | - | - | - | - | - | €228 | €228 | - | - |
| Other amounts receivable41 | - | - | - | €62,728 | €77,787 | €87,447 | €86,521 | €84,084 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €1,848 | €3,500 | €3,961 | €2,634 | €5,534 | €11,897 | €21,843 | €295,728 | ▲ 14× |
| Deferred charges and accrued income490/1 | - | - | - | €76,922 | €76,951 | €75,591 | €75,343 | €75,343 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €779,527 | €535,306 | €524,459 | €527,227 | €532,218 | €534,112 | €529,886 | €610,010 | ▲ 15.1% |
| Equity10/15 | €337,572 | €339,809 | €338,183 | €346,064 | €351,766 | €356,569 | €359,764 | €457,424 | ▲ 27.1% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | - | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Issued capital100 | - | - | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €306,585 | €308,822 | €307,197 | €315,077 | €320,779 | €325,583 | €328,777 | €426,437 | ▲ 29.7% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Tax-exempt reserves132 | - | - | - | €266,977 | €251,402 | €247,852 | €244,303 | - | - |
| Distributable reserves133 | - | - | - | €45,001 | €66,279 | €74,631 | €81,375 | €423,339 | ▲ 420% |
| Provisions and deferred taxes16 | €139,250 | €136,907 | €134,565 | €132,223 | €123,688 | €121,345 | €119,003 | - | - |
| Deferred taxes168 | - | - | - | €132,223 | €123,688 | €121,345 | €119,003 | - | - |
| Amounts payable17/49 | €302,706 | €58,589 | €51,711 | €48,941 | €56,764 | €56,197 | €51,120 | €152,586 | ▲ 198% |
| Amounts payable within one year42/48 | €277,436 | €33,319 | €26,441 | €23,671 | €28,494 | €28,802 | €23,725 | €142,273 | ▲ 500% |
| Trade debts44 | €8,683 | €10,903 | €9,891 | €7,443 | €7,443 | €8,208 | €10,971 | €5,036 | ▼ 54.1% |
| Suppliers440/4 | - | - | - | €7,443 | €7,443 | €8,208 | €10,971 | €5,036 | ▼ 54.1% |
| Taxes, remuneration and social security45 | - | - | - | €5,288 | €10,823 | €10,365 | €2,526 | €127,009 | ▲ 50× |
| Taxes450/3 | - | - | - | €5,288 | €10,823 | €10,365 | €2,526 | €127,009 | ▲ 50× |
| Other amounts payable47/48 | - | - | - | €10,940 | €10,228 | €10,228 | €10,228 | €10,228 | = |
| Accrued charges and deferred income492/3 | - | - | - | €25,270 | €28,270 | €27,395 | €27,395 | €10,313 | ▼ 62.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,293 | €2,237 | -€1,626 | €7,881 | €5,702 | €4,803 | €3,194 | €97,660 | ▲ 31× |
| + Depreciation and write-downs630 | €13,957 | €13,957 | €13,957 | €13,735 | €12,997 | €12,997 | €12,997 | €6,658 | ▼ 48.8% |
| Operating cash flow (approximation) | €23,250 | €16,194 | €12,331 | €21,616 | €18,699 | €17,801 | €16,192 | €104,318 | ▲ 544% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €184,438 | - |
| Change in cash | - | €1,652 | €461 | -€1,327 | €2,900 | €6,363 | €9,946 | €273,885 | ▲ 28× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as LITHOS 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
That fits the bankruptcy probability of LITHOS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for LITHOS. 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.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00340707 | |
| 31-12-2024 | micro format | 24-12-2025 | 2026-00593414 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00305008 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00211929 | |
| 31-12-2021 | micro format | 08-09-2022 | 2022-20428327 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-44000589 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-26600456 | |
| 31-12-2018 | micro format | 29-05-2019 | 2019-15500212 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27600572 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-37900238 |