LITS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 88% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,000 | - |
| Intangible fixed assets | €134,000 | - |
| Depreciation and write-downs of the year | €11,400 | €27,000 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €3,546 awarded · €3,546 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,400 | €27,000 | ▲ 137% |
| Other operating charges640/8 | €493 | €400 | ▼ 18.9% |
| Gross operating margin9900 | €35,058 | €71,002 | ▲ 103% |
| Operating profit (loss)9901 | €23,166 | €43,602 | ▲ 88.2% |
| Financial charges65/66B | €78 | €67 | ▼ 13.6% |
| Recurring financial charges65 | €78 | €67 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €23,088 | €43,535 | ▲ 88.6% |
| Income taxes67/77 | €2,475 | €8,701 | ▲ 251% |
| Profit (loss) for the period9904 | €20,613 | €34,835 | ▲ 69.0% |
| Profit (loss) for the period to be appropriated9905 | €20,613 | €34,835 | ▲ 69.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €194,511 | €214,026 | ▲ 10.0% |
| Fixed assets21/28 | €123,600 | €96,600 | ▼ 21.8% |
| Intangible fixed assets21 | €122,693 | €95,893 | ▼ 21.8% |
| Tangible fixed assets22/27 | €908 | €708 | ▼ 22.0% |
| Plant, machinery and equipment23 | €908 | €708 | ▼ 22.0% |
| Current assets29/58 | €70,910 | €117,426 | ▲ 65.6% |
| Amounts receivable within one year40/41 | €66,382 | €85,679 | ▲ 29.1% |
| Trade receivables40 | €45,705 | €82,614 | ▲ 80.8% |
| Other amounts receivable41 | €20,677 | €3,065 | ▼ 85.2% |
| Cash at bank and in hand54/58 | €4,528 | €31,729 | ▲ 601% |
| Deferred charges and accrued income490/1 | - | €18 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €194,511 | €214,026 | ▲ 10.0% |
| Equity10/15 | €27,613 | €62,447 | ▲ 126% |
| Contributions10/11 | €7,000 | €7,000 | = |
| Reserves13 | €20,613 | €55,447 | ▲ 169% |
| Distributable reserves133 | €20,613 | €55,447 | ▲ 169% |
| Amounts payable17/49 | €166,898 | €151,579 | ▼ 9.2% |
| Amounts payable within one year42/48 | €166,898 | €151,579 | ▼ 9.2% |
| Trade debts44 | €164,423 | €140,403 | ▼ 14.6% |
| Suppliers440/4 | €164,423 | €140,403 | ▼ 14.6% |
| Taxes, remuneration and social security45 | €2,475 | €11,176 | ▲ 351% |
| Taxes450/3 | €2,475 | €11,176 | ▲ 351% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,613 | €34,835 | ▲ 69.0% |
| + Depreciation and write-downs630 | €11,400 | €27,000 | ▲ 137% |
| Operating cash flow (approximation) | €32,012 | €61,835 | ▲ 93.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €27,200 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as LITS has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LITS itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for LITS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.