LITRI
ActiveLITRI has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €-45k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 13061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency99▼-1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 3.05 in 2024), and 39.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
60.7%
Return on assets
-15.9%
Age of the figures
14 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
1 d early
2023
1 d early
2022
5 d early
2021
on the day
2020
1 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€173k▼ 20.7%
2024 · €219k
2019: €-297
2020: €24k
2021: €93k
2022: €140k
2023: €166k
2024: €219k
2019 → 2025
Total assets
€285k▼ 15.6%
2024 · €338k
2019: €196k
2020: €153k
2021: €218k
2022: €253k
2023: €296k
2024: €338k
2019 → 2025
Net result
€-45k
2024 · €52k
2019: €42k
2020: €24k
2021: €69k
2022: €47k
2023: €27k
2024: €52k
2019 → 2025
Working capital
€149k▼ 26.5%
2024 · €203k
2019: €-14k
2020: €16k
2021: €68k
2022: €100k
2023: €131k
2024: €203k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€140k▲ 50.6%€166k▲ 19.1%€219k▲ 31.4%€173k▼ 20.7%
Operating result€81k-€64k▼ 20.9%€37k▼ 42.5%€72k▲ 95.0%€-43k
Net result€69k-€47k▼ 31.6%€27k▼ 43.2%€52k▲ 96.3%€-45k
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 2025: a loss of €43k after €72k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285k
Fixed assets
€43k▲ 20.7%
Current assets
€242k▼ 19.9%
Equity and liabilities €285k
Equity
€173k▼ 20.7%
Debt
€112k▼ 6.3%
The debt ratio rises from 35.3% to 39.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-35k▼
2024 · €78k
Cash flow
€-38k▼
2024 · €59k
Solvency
60.7%▼
2024 · 64.7%
Current ratio
2.61▼
2024 · 3.05
Quick ratio
2.55▼
2024 · 3.00
Debt / equity
0.65▲
2024 · 0.55
ROE
-26.2%▼
2024 · 23.9%
ROA
-15.9%▼
2024 · 15.5%
Interest coverage
-6.24▼
2024 · 31.44
Debt
€112k▼
2024 · €120k
Debt ≤ 1 year
€93k▼
2024 · €99k
Income taxes
€15▼
2024 · €20k
Staff costs
€179k▼
2024 · €228k
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€338k€285k▼
Fixed assets21/28€36k€43k▲
Tangible fixed assets22/27€18k€25k▲
Plant, machinery and equipment23€16k€24k▲
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€18k€18k▲
Current assets29/58€302k€242k▼
Amounts receivable after more than one year29€105k€105k=
Other amounts receivable291€105k€105k=
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€68k€60k▼
Trade receivables40€55k€60k▲
Other amounts receivable41€13k€82▼
Cash at bank and in hand54/58€122k€66k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€338k€285k▼
Equity10/15€219k€173k▼
Contributions10/11€104k€104k=
Capital10€104k€104k=
Issued capital100€104k€104k=
Reserves13€25k€25k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€90k€44k▼
Amounts payable17/49€120k€112k▼
Amounts payable within one year42/48€99k€93k▼
Trade debts44€26k€42k▲
Suppliers440/4€26k€42k▲
Taxes, remuneration and social security45€74k€44k▼
Taxes450/3€53k€21k▼
Remuneration and social security454/9€21k€23k▲
Other amounts payable47/48-€7k
Accrued charges and deferred income492/3€20k€19k▼
Income statement
Code20242025
Remuneration, social security and pensions62€228k€179k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€310k€152k▼
Operating profit (loss)9901€72k€-43k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€72k€-45k▼
Income taxes67/77€20k€15▼
Profit (loss) for the period9904€52k€-45k▼
Profit (loss) for the period to be appropriated9905€52k€-45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€92k€44k▼
Profit (loss) brought forward from the previous period14P€40k€90k▲
Transfer to equity691/2€3k-
To the legal reserve6920€3k-
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
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €-45k ▼187%
Net result drops to €-45k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €200kEq €219k ▲31.4%
6 profitable years in a row build equity to €219k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €150kEq €166k ▲19.1%
5 profitable years in a row build equity to €166k.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100kEq €140k ▲50.6%
4 profitable years in a row build equity to €140k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €69k ▲181%
Operating result €81k, net result €69k, both a record.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-07-2024
SIMOENS, Philip André Paul Gerard: Resigned as Director
14-05-2019
Simoens Daniël: Resigned as Director
14-05-2019
Simoens Daniël: Resigned as Managing director
01-05-2012
Silvia Lasut: Resigned as Director
30-11-2004
Demaegt André: Resigned as Director
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 1987
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.
Wittenonnenstraat 218400 OostendeGround area
180 m²
Building footprint
138 m²
Volume, LiDAR
2,223 m³
Parcel 35013A0877/00S000, Flanders · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DE NOORDZEE
since 19872.029.794.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0877/00S000 | Flanders | 180 m² | 1 · 138 m² | 19.1 m · 5 fl. |
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.
Similar companies · same sector, comparable size
WATERLOOS
BE 0849.199.663
Deinze · Eq €173k
AT SEA
BE 0552.515.364
Knokke-Heist · Eq €173k
RESTAURANT LEO
BE 0455.728.566
Bastogne · Eq €173k
ELIX
BE 0427.083.377
Genk · Eq €173k
LEWIS
BE 0847.961.627
Antwerpen · Eq €174k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 8,739 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-07-1987
Fiscal year end30-06
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55302
55401
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.