LITICS
ActiveSummary
The computed 12-month bankruptcy probability of LITICS is 1.8% (moderate). The 2024 annual accounts show negative equity (€-29k) and a net result of €-9k. Equity is shrinking by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 4354 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-58
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Age of the figures
Age of the figures
21 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-29k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
on the day
2022
246 d late
2021
45 d early
2020
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-29k▼ 47.4%
2023 · €-20k
2020: €-5k
2021: €-13k
2022: €-18k
2023: €-20k
2020 → 2024
Total assets
€5k▼ 91.9%
2023 · €56k
2020: €90k
2021: €85k
2022: €60k
2023: €56k
2020 → 2024
Net result
€-9k▼ 527%
2023 · €-1k
2020: €-6k
2021: €-8k
2022: €-5k
2023: €-1k
2020 → 2024
Working capital
€-30k▲ 33.2%
2023 · €-44k
2020: €-78k
2021: €-35k
2022: €-41k
2023: €-44k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-5k-€-13k▼ 139%€-18k▼ 39.9%€-20k▼ 8.2%€-29k▼ 47.4%
Operating result€-6k-€-6k▲ 10.8%€-2k▲ 60.1%€796€-7k
Net result€-6k-€-8k▼ 17.8%€-5k▲ 31.6%€-1k▲ 71.3%€-9k▼ 527%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €796 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5k
Fixed assets
€728 ▼ 98.4%
Current assets
€4k ▼ 67.1%
Key figures and ratios
EBITDA
€-7k▼
2023 · €12k
Cash flow
€-9k▼
2023 · €9k
Interest coverage
-3.89▼
2023 · 5.10
Debt
€34k▼
2023 · €76k
Debt ≤ 1 year
€34k▼
2023 · €56k
Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€56k€5k▼
Fixed assets21/28€45k€728▼
Tangible fixed assets22/27€45k€728▼
Plant, machinery and equipment23€967€728▼
Furniture and vehicles24€122-
Leasing and similar rights25€44k-
Current assets29/58€12k€4k▼
Amounts receivable within one year40/41€10k€1k▼
Trade receivables40€7k€1k▼
Other amounts receivable41€3k-
Cash at bank and in hand54/58€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€56k€5k▼
Equity10/15€-20k€-29k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€-21k€-30k▼
Amounts payable17/49€76k€34k▼
Amounts payable after more than one year17€20k-
Financial debts170/4€20k-
Amounts payable within one year42/48€56k€34k▼
Current portion of amounts payable after more than one year42€13k-
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€1k€6k▲
Taxes450/3€1k€6k▲
Other amounts payable47/48€37k€21k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€361▼
Other operating charges640/8-€435
Non-recurring operating charges66A-€11k
Gross operating margin9900€12k€4k▼
Operating profit (loss)9901€796€-7k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-1k€-9k▼
Profit (loss) for the period9904€-1k€-9k▼
Profit (loss) for the period to be appropriated9905€-1k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-30k▼
Profit (loss) brought forward from the previous period14P€-19k€-21k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 246 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Boutersem · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eksterstraat 403370 BoutersemGround area
446 m²
Building footprint
259 m²
Volume, LiDAR
645 m³
Parcel 24016B0442/00A000, Flanders · tallest building 10.4 m. Linked by address, not a title deed.
1 establishment unit
Litics / Zoet Kind
since 20202.302.683.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24016B0442/00A000 | Flanders | 446 m² | 1 · 259 m² | 10.4 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoutersem2.302.683.196
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,295 companies in sector 74120 we hold annual accounts for 1,011. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
10720Manufacture of food products
18130Pre-press and pre-media services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.