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LITRAN

Active
Public limited companyfounded 1967active for 59 yearsLangerbruggekaai 3, 9000 Gent, Belgium26 active companies are registered at this addressKBO/BCE: BE 0405.834.142
Summary

LITRAN has been active since 1967 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.1m and a net result of €7.6m. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 27% of 378 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
LITRANActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220Civil engineering NACE 42211
3rd largest employer in Ghent, Construction sector2 sites
Size
€114.1mturnover 2025
Staff
410.2 FTE
Equity
€21.1m
Profit
€7.6m
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
VERBRAEKEN DRILLING INFRA · 100%
Auditor: KPMG Bedrijfsrevisoren BV/SRL2025 accounts 49 days early7 of 36 deeds summarised
Why 95raises riskSector: Civil engineering (NACE 42)lowers riskLiquidity: current ratio 1.60, cash €16.9mSize: turnover €114.1m, 410.2 FTE, total assets €83.5mFounded in 1967Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 42, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 50+6
equity 25.3% of total assets
Liquidity 45-2
short-term debt 58.4% · cash 20.2%
Profitability 74+3
return on assets 9.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (34 companies, NACE 42, large)
Last 24 months 11-2024: 2.1% 12-2024: 2.3%▲ +0.2 percentage points vs 11-2024 01-2025: 3.5%▲ +1.2 percentage points vs 12-2024highest value 02-2025: 3.5%● unchanged vs 01-2025highest value 03-2025: 3.5%● unchanged vs 02-2025highest value 04-2025: 0.1%▼ -3.4 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €2,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.6, compared with 1.48 in 2024, above the usual 1.5; short-term debt: 58.4% and cash: 20.2% of total assets), but 74.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, large): better than 41% on solvency, 68% on liquidity, 82% on profitability and 52% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.60, cash €16.9m
NBB · annual accounts
lowers risk · Size: turnover €114.1m, 410.2 FTE, total assets €83.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1967
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Civil engineering (NACE 42)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
18192021222425
2018 to 2025 · latest year €21.1m
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 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 days early
2024
34 days early
2022
95 days early
2021
124 days early
2020
46 days early
2019
37 days early
2018
57 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end30-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2018 to 2025net €7.6m ▲10.8%
  3. Reappointment: van Esbroeck Venant Eduard (managing…Gazette deed

Key points

  • Positive: Among the best 5% on net resultsector median €228,609 · 378 companies €7.6m View
  • Positive: Equity rose in 2025from €13.5m to €21.1m ▲ 56.8% View
  • Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
  • Controlled by VERBRAEKEN DRILLING INFRAultimately: KONINKLIJKE VOLKERWESSELS N.V 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €7.6m 7 years View
  • Active since 1967founded 05-07-1967 59 years View

By topic

Financials

Financial year
2025
Turnover
€114.1m
Profit
€7.6m
Solvency
25.3%
Turnover▼ 22.4%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
VERBRAEKEN DRILLING INFRA · 100%
Auditor
KPMG Bedrijfsrevisoren BV/SRL
  • Jo TrochDirector
Go to Board & ownership

Timeline

Events
59
Since
1978
Next accounts
by 30-04-2027
  1. 27-03-2025Annual accounts filed
  2. 23-12-2024Resignation: Moore Audit BV (statutory auditor)
  3. 23-12-2024Reappointment: Jo Troch (director)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
05-07-1967
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Key facts about LITRAN

What is the company number of LITRAN?
0405.834.142. In Belgium the VAT number is the company number with BE in front: BE 0405.834.142.
Where is LITRAN based?
The registered office is at Langerbruggekaai 3, 9000 Gent.Company details
What does LITRAN do?
According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
What is the legal form of LITRAN?
Public limited company (NV).
When was LITRAN founded?
On 05-07-1967.
Is LITRAN still active?
Yes, LITRAN is an active enterprise in the KBO register.
How many employees does LITRAN have?
On average 410.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LITRAN?
€114.1m in financial year 2025, according to the filed annual accounts.
Is LITRAN profitable?
In financial year 2025, LITRAN made a profit of €7.6m.
Where can I find the annual accounts of LITRAN?
LITRAN filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LITRAN due?
By 30-04-2027, for financial year 2026.Timeline

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