LITUS DEVELOPMENT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 18 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €8,398, smaller than the loss of €15,042 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.1m | €86,040 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,761 | €6,761 | €6,761 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €5,215 | €7,768 | €2,658 | €1,149 | €165 | ▼ 85.6% |
| Gross operating margin9900 | -€5,805 | -€7,972 | €112,990 | €991,251 | €9,908 | €114,811 | -€13,894 | -€8,233 | ▲ 40.7% |
| Operating profit (loss)9901 | -€14,168 | -€15,983 | €105,144 | €986,035 | €2,140 | €112,153 | -€15,042 | -€8,398 | ▲ 44.2% |
| Financial income75/76B | - | - | - | €62 | - | €185 | - | - | - |
| Recurring financial income75 | - | - | - | €62 | - | €185 | - | - | - |
| Financial charges65/66B | - | - | - | €7,896 | €11,649 | €29,242 | €7,611 | €5,070 | ▼ 33.4% |
| Recurring financial charges65 | €73 | €615 | €3,108 | €7,896 | €11,649 | €29,242 | €7,611 | €5,070 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | -€14,241 | -€16,598 | €102,037 | €978,201 | -€9,509 | €83,096 | -€22,653 | -€13,468 | ▲ 40.5% |
| Income taxes67/77 | - | - | - | €250,000 | - | €19,193 | -€362 | - | - |
| Profit (loss) for the period9904 | -€14,241 | -€16,598 | €102,037 | €728,201 | -€9,509 | €63,903 | -€22,291 | -€13,468 | ▲ 39.6% |
| Profit (loss) for the period to be appropriated9905 | -€14,241 | -€16,598 | €102,037 | €728,201 | -€9,509 | €63,903 | -€22,291 | -€13,468 | ▲ 39.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.6m | €1.8m | €1.8m | €1.6m | €1.2m | €1.2m | ▼ 1.3% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.6m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.6m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €0.07m | €0.06m | €0.008m | €0.7m | €0.7m | €0.5m | €0.03m | €0.01m | ▼ 55.5% |
| Stocks and contracts in progress3 | - | - | - | €0.07m | €0.05m | - | - | - | - |
| Stocks30/36 | - | - | - | €0.07m | €0.05m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.05m | €0.05m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.008m | €0.7m | €0.6m | €0.5m | €0.03m | €0.01m | ▼ 55.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €495 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.6m | €1.8m | €1.8m | €1.6m | €1.2m | €1.2m | ▼ 1.3% |
| Equity10/15 | €0.1m | €0.1m | €0.2m | €1.0m | €0.9m | €1.0m | €1.0m | €1.0m | ▼ 1.4% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €144 | €144 | €144 | €144 | €144 | = |
| Profit (loss) carried forward14 | -€0.09m | -€0.1m | -€0.001m | €0.7m | €0.7m | €0.8m | €0.7m | €0.7m | ▼ 1.8% |
| Amounts payable17/49 | €0.07m | €0.07m | €0.4m | €0.8m | €0.9m | €0.6m | €0.2m | €0.2m | ▼ 1.0% |
| Amounts payable after more than one year17 | - | - | - | - | €0.8m | €0.5m | €0.2m | €0.2m | ▲ 4.9% |
| Other amounts payable178/9 | - | - | - | - | €0.8m | €0.5m | €0.2m | €0.2m | ▲ 4.9% |
| Amounts payable within one year42/48 | €0.07m | €0.07m | €0.4m | €0.8m | €0.02m | €0.04m | €0.02m | €0.02m | ▼ 27.6% |
| Trade debts44 | €0.001m | €0.004m | - | €0.005m | €0.006m | - | €0.008m | €0.001m | ▼ 86.5% |
| Suppliers440/4 | - | - | - | €0.005m | €0.006m | - | €0.008m | €0.001m | ▼ 86.5% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.02m | - | - | - |
| Taxes450/3 | - | - | - | - | - | €0.02m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.01m | €0.03m | €0.007m | €0.005m | ▼ 34.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,241 | -€16,598 | €102,037 | €728,201 | -€9,509 | €63,903 | -€22,291 | -€13,468 | ▲ 39.6% |
| + Depreciation and write-downs630 | €6,761 | €6,761 | €6,761 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€7,480 | -€9,837 | €108,797 | €728,201 | -€9,509 | €63,903 | -€22,291 | -€13,468 | ▲ 39.6% |
| Investment in fixed assets (approximation) | - | €0 | -€463,481 | -€465,268 | -€86,040 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,136 | -€4,177 | €668,801 | -€76,794 | -€145,867 | -€427,029 | -€15,325 | ▲ 96.4% |
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, 2,686 companies had the same profile as LITUS DEVELOPMENT has now. Two years later, 0.6% had gone bankrupt and 93.7% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LITUS DEVELOPMENT itself: 0.1% 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 2,686 companies, not a prediction for LITUS DEVELOPMENT. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-07-2026 | 2026-00274802 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00254103 | |
| 31-12-2023 | abbreviated format | 16-07-2024 | 2024-00255440 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00200793 | |
| 31-12-2021 | abbreviated format | 01-06-2022 | 2022-20046621 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29500545 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-26200177 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-28000419 | |
| 31-12-2017 | micro format | 16-07-2018 | 2018-33600463 | |
| 31-12-2016 | micro format | 10-06-2017 | 2017-16500379 |