LITRAN
ActiveLITRAN has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.11M and a net result of €7.65M. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 30% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
99
/ 100
Excellent▲ +21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+8
Solvency54▲+18
Growth75▲+4
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.48 in 2024), but 74.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.3%
Return on assets
9.2%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Equity grew over 2022-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity 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 filingsDeviation from the deadline
2025
49 d early
2024
34 d early
2022
95 d early
2021
124 d early
2020
46 d early
2019
37 d early
2018
57 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€114.10M▼ 22.4%
2024 · €147.08M
2018: €61.47M
2019: €67.16M
2020: €69.50M
2021: €63.73M
2022: €72.53M
2024: €147.08M
2018 → 2025
EBIT margin
9.2%▲ 2.3pp
2024 · 6.9%
2018: 8.5%
2019: 9.3%
2020: 7.3%
2021: 10.0%
2022: 6.2%
2024: 6.9%
2018 → 2025
Net result
€7.65M▲ 10.8%
2024 · €6.91M
2018: €4.03M
2019: €4.82M
2020: €3.64M
2021: €4.64M
2022: €3.14M
2024: €6.91M
2018 → 2025
Working capital
€29.27M▲ 33.6%
2024 · €21.91M
2018: €20.58M
2019: €22.40M
2020: €24.15M
2021: €11.90M
2022: €14.96M
2024: €21.91M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Turnover€69.50M-€63.73M▼ 8.3%€72.53M▲ 13.8%€147.08M▲ 103%€114.10M▼ 22.4%
Equity€14.78M-€3.41M▼ 76.9%€6.55M▲ 92.2%€13.46M▲ 105%€21.11M▲ 56.8%
Operating result€5.07M-€6.38M▲ 25.8%€4.50M▼ 29.4%€10.21M▲ 127%€10.55M▲ 3.3%
Net result€3.64M-€4.64M▲ 27.3%€3.14M▼ 32.2%€6.91M▲ 120%€7.65M▲ 10.8%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83.54M
Fixed assets
€5.52M▲ 118%
Current assets
€78.02M▲ 15.2%
Equity and liabilities €83.54M
Equity
€21.11M▲ 56.8%
Provisions
€5.20M▼ 8.3%
Debt
€57.24M▲ 11.9%
The debt ratio falls from 72.8% to 68.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€11.79M▲
2024 · €11.20M
Cash flow
€8.89M▲
2024 · €7.90M
Solvency
25.3%▲
2024 · 19.2%
Current ratio
1.60▲
2024 · 1.48
Quick ratio
1.48▲
2024 · 1.36
Debt / equity
2.71▼
2024 · 3.80
ROE
36.2%▼
2024 · 51.3%
ROA
9.2%▼
2024 · 9.8%
Interest coverage
90.86▼
2024 · 260.43
Debt
€57.24M▲
2024 · €51.13M
Debt ≤ 1 year
€48.75M▲
2024 · €45.81M
Debt > 1 year
€3.14M▲
2024 · €1.10M
Income taxes
€2.77M▼
2024 · €3.28M
Staff costs
€28.52M▼
2024 · €49.01M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€70.26M€83.54M▲
Fixed assets21/28€2.53M€5.52M▲
Tangible fixed assets22/27€2.41M€5.38M▲
Plant, machinery and equipment23€825k€669k▼
Furniture and vehicles24€54k€105k▲
Leasing and similar rights25€1.53M€4.60M▲
Financial fixed assets28€124k€141k▲
Other financial fixed assets284/8€124k€141k▲
Shares284€82k€102k▲
Amounts receivable and cash guarantees285/8€42k€38k▼
Current assets29/58€67.73M€78.02M▲
Amounts receivable after more than one year29€4.08M€2.08M▼
Other amounts receivable291€4.08M€2.08M▼
Stocks and contracts in progress3€5.31M€5.88M▲
Stocks30/36€5.31M€5.88M▲
Raw materials and consumables30/31€5.31M€5.88M▲
Contracts in progress37€0-
Amounts receivable within one year40/41€39.92M€52.31M▲
Trade receivables40€35.91M€40.34M▲
Other amounts receivable41€4.01M€11.97M▲
Current investments50/53€501k€594k▲
Other investments51/53€501k€594k▲
Cash at bank and in hand54/58€17.77M€16.90M▼
Deferred charges and accrued income490/1€148k€261k▲
Equity and liabilities
Total equity and liabilities10/49€70.26M€83.54M▲
Equity10/15€13.46M€21.11M▲
Contributions10/11€2.86M€2.86M=
Capital10€2.86M€2.86M=
Issued capital100€2.86M€2.86M=
Reserves13€548k€548k=
Non-distributable reserves130/1€303k€303k=
Legal reserve130€286k€286k=
Other1319€17k€17k=
Tax-exempt reserves132€245k€245k=
Profit (loss) carried forward14€10.05M€17.70M▲
Provisions and deferred taxes16€5.67M€5.20M▼
Provisions for liabilities and charges160/5€5.67M€5.20M▼
Pensions and similar obligations160€80k€80k=
Other liabilities and charges164/5€5.59M€5.12M▼
Amounts payable17/49€51.13M€57.24M▲
Amounts payable after more than one year17€1.10M€3.14M▲
Financial debts170/4€1.10M€3.14M▲
Leasing and similar obligations172€1.10M€3.14M▲
Amounts payable within one year42/48€45.81M€48.75M▲
Current portion of amounts payable after more than one year42€429k€1.39M▲
Trade debts44€32.84M€31.79M▼
Suppliers440/4€32.84M€31.79M▼
Advances received on contracts in progress46€6.67M€8.58M▲
Taxes, remuneration and social security45€3.24M€3.14M▼
Taxes450/3€1.08M€526k▼
Remuneration and social security454/9€2.16M€2.62M▲
Other amounts payable47/48€2.64M€3.85M▲
Accrued charges and deferred income492/3€4.22M€5.34M▲
Income statement
Code20242025
Operating income70/76A€185.73M€126.28M▼
Turnover70€147.08M€114.10M▼
Change in stocks of work in progress, finished goods and contracts in progress71€33.16M€10.23M▼
Other operating income74€5.49M€1.95M▼
Non-recurring operating income76A€0-
Operating charges60/66A€175.52M€115.73M▼
Goods for resale, raw materials and consumables60€28.50M€15.92M▼
Purchases600/8€29.90M€16.49M▼
Change in stocks: decrease (increase)609€-1.40M€-568k▲
Services and other goods61€93.95M€69.34M▼
Remuneration, social security and pensions62€49.01M€28.52M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€994k€1.25M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€890k€123k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€394k€-471k▼
Other operating charges640/8€1.75M€1.05M▼
Non-recurring operating charges66A€23k€3k▼
Operating profit (loss)9901€10.21M€10.55M▲
Financial income75/76B€284k€131k▼
Recurring financial income75€284k€131k▼
Income from financial fixed assets750€14k€8k▼
Income from current assets751€166k€94k▼
Other financial income752/9€104k€29k▼
Financial charges65/66B€310k€263k▼
Recurring financial charges65€244k€263k▲
Debt charges650€43k€130k▲
Other financial charges652/9€201k€133k▼
Non-recurring financial charges66B€65k-
Profit (loss) for the period before taxes9903€10.18M€10.42M▲
Income taxes67/77€3.28M€2.77M▼
Taxes670/3€3.28M€2.90M▼
Tax adjustments and reversals of tax provisions77-€134k
Profit (loss) for the period9904€6.91M€7.65M▲
Profit (loss) for the period to be appropriated9905€6.91M€7.65M▲
Appropriation of the result
Profit (loss) to be appropriated9906€10.05M€17.70M▲
Profit (loss) brought forward from the previous period14P€3.14M€10.05M▲
Social balance
Average headcount (FTE)9087420.1410.2▼
The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2018net €7.65M ▲10.8%
Operating result €10.55M, net result €7.65M, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Equity above €10MEq €13.46M ▲105%
6 profitable years in a row build equity to €13.46M.
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €3.14M ▼32.2%
Net result drops to €3.14M, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €5MEq €6.55M ▲92.2%
5 profitable years in a row build equity to €6.55M.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
16-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
10-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
12-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
36 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, Gent · 2 establishment units since 1967
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.
Langerbruggekaai 39000 GentGround area
5.0 ha
Building footprint
7,356 m²
Volume, LiDAR
116,029 m³
2 parcels, Flanders · tallest building 26.0 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
LITRAN
since 19672.143.141.754
LITRAN
since 19862.073.940.865
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813R1581/00A002 | Flanders | 4.1 ha | 1 · 5,910 m² | 26.0 m · 6 fl. |
| 46020B0345/00N000 | Flanders | 8,790 m² | 1 · 1,446 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
Ownership & control
1 partyLITRANBE 0405.834.142
controls
Where this company holds controlthis company sits on their board1
1 subsidiary · 3 locations
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,607 EUR awarded · 10,607 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,643 EUR | 4,643 EUR |
| 2024 | 1 | 256 EUR | 256 EUR |
| 2023 | 1 | 4,771 EUR | 4,771 EUR |
| 2022 | 1 | 937 EUR | 937 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
27 categoriesLITRAN NV02758
Dual-learning approval
3 live approvals · 3 endedHoeknaadlasser duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
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Of 290 companies in sector 42211 we hold annual accounts for 129. 13 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-07-1967
Fiscal year end30-09
Activities, NACEBEL
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
45215
42919Civil engineering
43240Other construction installation
43299Specialised construction activities
45242
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.