LITUS
Dissolution or liquidationFinancials · financial year 2022, abbreviated format
2022 annual accounts filed late (31 days) Filed on 31 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00412768.
Equity
€279,583▼ 42.5%
2021 · €486,598
Total assets
€346,372▼ 48.2%
2021 · €668,445
Net result
€2.4m▲ 113×
2021 · €21,651
Working capital
€299,538▲ 539%
2021 · €46,882
Trend over the years
2018 to 2022, 4 financial years 2018 to 2022, 4 financial years
The operating result rises in 2022; 2022 is 89 times 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3.3m
2022
Net result€2.4m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.3m
2022
Equity€0.3m
2022
Debt€0.05m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022
Operating result€0.1m-€0.07m▼ 33.9%€0.04m-€3.3m▲ 89×
Net result€0.08m-€0.05m▼ 33.3%€0.02m-€2.4m▲ 113×
Equity€1.1m-€1.1m▼ 0.2%€0.5m-€0.3m▼ 42.5%
Total assets€1.3m-€1.3m▲ 6.1%€0.7m-€0.3m▼ 48.2%
Debt€0.1m-€0.2m▲ 60.3%€0.1m-€0.05m▼ 64.5%
Working capital€0.6m-€0.7m▲ 21.2%€0.05m-€0.3m▲ 539%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €346,372
Fixed assets
€45 ▼ 100.0%
Current assets
€346,327 ▲ 101%
Equity and liabilities €346,372
Equity
€279,583 ▼ 42.5%
Provisions
€20,000 ▼ 60.0%
Debt
€46,789 ▼ 64.5%
Debt's share of the balance-sheet total falls from 19.7% to 13.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.40▲
2021 · 1.37
Debt to equity
0.17▼
2021 · 0.27
ROE
874.0%▲
2021 · 4.4%
ROA
705.5%▲
2021 · 3.2%
Debt ≤ 1 year
€46,789▼
2021 · €125,842
Income taxes
€820,503▲
2021 · €7,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3.3m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.03m | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.02m | - |
| Other operating charges640/8 | - | - | €0.01m | €0.02m | ▲ 71.7% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.08m | €3.3m | ▲ 42× |
| Operating profit (loss)9901 | €0.1m | €0.07m | €0.04m | €3.3m | ▲ 89× |
| Financial income75/76B | - | - | €140 | - | - |
| Recurring financial income75 | €0.005m | €0.003m | €140 | - | - |
| Financial charges65/66B | - | - | €0.008m | €0.004m | ▼ 47.3% |
| Recurring financial charges65 | €242 | €272 | €0.008m | €0.004m | ▼ 47.3% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.08m | €0.03m | €3.3m | ▲ 113× |
| Income taxes67/77 | €0.04m | €0.02m | €0.007m | €0.8m | ▲ 114× |
| Profit (loss) for the period9904 | €0.08m | €0.05m | €0.02m | €2.4m | ▲ 113× |
| Profit (loss) for the period to be appropriated9905 | €0.08m | €0.05m | €0.02m | €2.4m | ▲ 113× |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.3m | €1.3m | €0.7m | €0.3m | ▼ 48.2% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.5m | €45 | ▼ 100.0% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.5m | - | - |
| Land and buildings22 | - | - | €0.5m | - | - |
| Financial fixed assets28 | €45 | €45 | €45 | €45 | = |
| Current assets29/58 | €0.7m | €0.8m | €0.2m | €0.3m | ▲ 101% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €0.008m | €0.1m | ▲ 12× |
| Trade receivables40 | - | - | €0.008m | - | - |
| Other amounts receivable41 | - | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.7m | €0.8m | €0.2m | €0.2m | ▲ 49.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €0.7m | €0.3m | ▼ 48.2% |
| Equity10/15 | €1.1m | €1.1m | €0.5m | €0.3m | ▼ 42.5% |
| Contributions10/11 | €0.9m | €0.9m | €0.3m | €0.01m | ▼ 96.5% |
| Capital10 | - | - | €0.3m | €0.01m | ▼ 96.5% |
| Issued capital100 | - | - | €0.3m | €0.01m | ▼ 96.5% |
| Reserves13 | €0.09m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | €0.09m | €0.08m | €0.08m | €0.2m | ▲ 122% |
| Provisions and deferred taxes16 | €0.05m | €0.05m | €0.05m | €0.02m | ▼ 60.0% |
| Provisions for liabilities and charges160/5 | - | - | €0.05m | €0.02m | ▼ 60.0% |
| Other liabilities and charges164/5 | - | - | €0.05m | €0.02m | ▼ 60.0% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.1m | €0.05m | ▼ 64.5% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.05m | ▼ 62.8% |
| Trade debts44 | €0.04m | €0.005m | €0.01m | €0.03m | ▲ 78.3% |
| Suppliers440/4 | - | - | €0.01m | €0.03m | ▲ 78.3% |
| Taxes, remuneration and social security45 | - | - | €0.03m | €0.02m | ▼ 26.1% |
| Taxes450/3 | - | - | €0.03m | €0.02m | ▼ 26.1% |
| Other amounts payable47/48 | - | - | €0.08m | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.006m | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.08m | €0.05m | €0.02m | €2.4m | ▲ 113× |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.03m | - | - |
| Operating cash flow (approximation) | €0.1m | €0.08m | €0.05m | €2.4m | ▲ 48× |
| Investment in fixed assets (approximation) | - | €0 | - | €0.5m | - |
| Change in cash | - | €0.1m | - | €0.08m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00412768 |
| 31-12-2021 | abbreviated format | 17-11-2022 | 2022-20522117 |
| 31-12-2019 | abbreviated format | 30-11-2020 | 2020-73800381 |
| 31-12-2018 | abbreviated format | 09-12-2019 | 2019-75700505 |
| 31-12-2017 | abbreviated format | 29-10-2018 | 2018-70700184 |
| 31-12-2016 | abbreviated format | 07-07-2017 | 2017-29000464 |
| 31-12-2015 | abbreviated format | 17-05-2016 | 2016-12400152 |
| 31-12-2014 | abbreviated format | 17-05-2016 | 2016-12400083 |
| 31-12-2013 | abbreviated format | 01-08-2014 | 2014-38900100 |
| 31-12-2012 | abbreviated format | 29-01-2014 | 2014-02200487 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.