LITIBO
ActiveSummary
LITIBO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118,532 and a net result of €42,478. Equity is growing by ~45.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-2
Solvency56=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.5 against 1.53 in 2023; short-term debt: 13.5% and cash: 26.5% of total assets), but 68.8% of the assets are financed with debt.
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Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 15375 sector peers (2024).
NBB · sector comparisonPosition among 15375 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
23 d early
2022
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€118,532▲ 52.4%
2023 · €77,773
Total assets
€379,350▲ 52.2%
2023 · €249,203
Net result
€42,478▲ 33.9%
2023 · €31,722
Working capital
€77,087▲ 51.3%
2023 · €50,945
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line202220232024
Operating result€72,398-€50,009▼ 30.9%€66,254▲ 32.5%
Net result€49,316within the sector's middle half-€31,722within the sector's middle half▼ 35.7%€42,478within the sector's middle half▲ 33.9%
Equity€47,716within the sector's middle half-€77,773within the sector's middle half▲ 63.0%€118,532within the sector's middle half▲ 52.4%
Total assets€73,170below the sector's middle half-€249,203within the sector's middle half▲ 241%€379,350within the sector's middle half▲ 52.2%
Debt€25,454-€171,430▲ 573%€260,818▲ 52.1%
Working capital€21,314within the sector's middle half-€50,945within the sector's middle half▲ 139%€77,087within the sector's middle half▲ 51.3%
Solvency65.2%within the sector's middle half-31.2%within the sector's middle half▼ 34.0pp31.2%below the sector's middle half=
Current ratio1.84within the sector's middle half-1.53within the sector's middle half▼ 0.302.50within the sector's middle half▲ 0.97
Return on assets (ROA)67.4%above the sector's middle half-12.7%within the sector's middle half▼ 54.7pp11.2%within the sector's middle half▼ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 recovers in 2024; 2024 is 32% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €379,350
Fixed assets
€251,025 ▲ 144%
Current assets
€128,325 ▼ 12.3%
Equity and liabilities €379,350
Equity
€118,532 ▲ 52.4%
Debt
€260,818 ▲ 52.1%
Debt's share of the balance-sheet total stays at 68.8%.
Key figures and ratios
EBITDA
€79,213▲
2023 · €54,332
Cash flow
€55,437▲
2023 · €36,045
Debt to equity
2.20▼
2023 · 2.20
ROE
35.8%▼
2023 · 40.8%
Interest coverage
10.56▼
2023 · 25.72
Debt ≤ 1 year
€51,238▼
2023 · €95,327
Debt > 1 year
€209,580▲
2023 · €76,103
Income taxes
€16,273▲
2023 · €16,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 26,970 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 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,796 | €4,323 | €12,959 | ▲ 200% |
| Other operating charges640/8 | - | €7,621 | €854 | ▼ 88.8% |
| Gross operating margin9900 | €76,193 | €61,952 | €80,068 | ▲ 29.2% |
| Operating profit (loss)9901 | €72,398 | €50,009 | €66,254 | ▲ 32.5% |
| Financial income75/76B | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €1,732 | €2,113 | €7,503 | ▲ 255% |
| Recurring financial charges65 | €1,732 | €2,113 | €7,503 | ▲ 255% |
| Profit (loss) for the period before taxes9903 | €70,666 | €47,896 | €58,751 | ▲ 22.7% |
| Income taxes67/77 | €21,350 | €16,173 | €16,273 | ▲ 0.6% |
| Profit (loss) for the period9904 | €49,316 | €31,722 | €42,478 | ▲ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €49,316 | €31,722 | €42,478 | ▲ 33.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €73,170 | €249,203 | €379,350 | ▲ 52.2% |
| Fixed assets21/28 | €26,402 | €102,930 | €251,025 | ▲ 144% |
| Tangible fixed assets22/27 | €26,402 | €102,930 | €251,025 | ▲ 144% |
| Land and buildings22 | - | €49,400 | €49,400 | = |
| Furniture and vehicles24 | €2,726 | €3,451 | €23,102 | ▲ 569% |
| Other tangible fixed assets26 | €23,676 | €20,720 | €28,296 | ▲ 36.6% |
| Assets under construction and advance payments27 | - | €29,359 | €150,227 | ▲ 412% |
| Current assets29/58 | €46,768 | €146,273 | €128,325 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €10,822 | €69,575 | €26,701 | ▼ 61.6% |
| Trade receivables40 | €9,695 | €69,554 | €26,128 | ▼ 62.4% |
| Other amounts receivable41 | €1,127 | €21 | €573 | ▲ 2,655% |
| Cash at bank and in hand54/58 | €35,324 | €75,873 | €100,468 | ▲ 32.4% |
| Deferred charges and accrued income490/1 | €622 | €824 | €1,156 | ▲ 40.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €73,170 | €249,203 | €379,350 | ▲ 52.2% |
| Equity10/15 | €47,716 | €77,773 | €118,532 | ▲ 52.4% |
| Reserves13 | €47,716 | €77,773 | €118,532 | ▲ 52.4% |
| Distributable reserves133 | €47,716 | €77,773 | €118,532 | ▲ 52.4% |
| Profit (loss) carried forward14 | - | - | €0 | - |
| Amounts payable17/49 | €25,454 | €171,430 | €260,818 | ▲ 52.1% |
| Amounts payable after more than one year17 | - | €76,103 | €209,580 | ▲ 175% |
| Financial debts170/4 | - | €76,103 | €209,580 | ▲ 175% |
| Amounts payable within one year42/48 | €25,454 | €95,327 | €51,238 | ▼ 46.3% |
| Trade debts44 | €611 | €47,832 | €19,628 | ▼ 59.0% |
| Suppliers440/4 | €611 | €47,832 | €19,628 | ▼ 59.0% |
| Taxes, remuneration and social security45 | €23,014 | €43,070 | €29,725 | ▼ 31.0% |
| Taxes450/3 | €23,014 | €39,870 | €27,975 | ▼ 29.8% |
| Remuneration and social security454/9 | - | €3,200 | €1,750 | ▼ 45.3% |
| Other amounts payable47/48 | €1,830 | €4,425 | €1,885 | ▼ 57.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,316 | €31,722 | €42,478 | ▲ 33.9% |
| + Depreciation and write-downs630 | €3,796 | €4,323 | €12,959 | ▲ 200% |
| Operating cash flow (approximation) | €53,112 | €36,045 | €55,437 | ▲ 53.8% |
| Investment in fixed assets (approximation) | - | -€80,851 | -€161,054 | ▼ 99.2% |
| Change in cash | - | €40,549 | €24,595 | ▼ 39.3% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €118,532 ▲52.4%
3 profitable years in a row build equity to €118,532.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €31,722 ▼35.7%
Net result drops to €31,722, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Pajottegem · 1 establishment unit since 2021
Ground area
1,081 m²
Building footprint
185 m²
Volume, LiDAR
938 m³
Parcel 23032D0065/00E000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LITIBO
since 20212.322.818.022
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23032D0065/00E000 | Flanders | 1,081 m² | 1 · 185 m² | 8.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 92 EUR awarded · 211 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 45 EUR | 164 EUR |
| 2023 | 1 | 0 EUR | 47 EUR |
| 2022 | 1 | 47 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500GLAQ7KHMXVCC92
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 942 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
Founded26-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772909559
Also
9925:BE0772909559
Registered
29-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.