LITUS DEVELOPMENT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 18 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,468▲ 39.6%
2024 · -€22,291
Working capital
-€5,449
2024 · €3,129
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€8,398
▲ 44.2%
2025
20182025
Net result
-€13,468
▲ 39.6%
2025
20182025
Equity
€974,324
▼ 1.4%
2025
20182025
Total assets
€1.2m
▼ 1.3%
2025
20182025
Debt
€181,898
▼ 1.0%
2025
20182025
Working capital
-€5,449
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.01m--€0.02m▼ 12.8%€0.1m€1.0m▲ 838%€0.002m▼ 99.8%€0.1m▲ 52×-€0.02m-€0.008m▲ 44.2%
Net result-€0.01m--€0.02m▼ 16.6%€0.1m€0.7m▲ 614%-€0.01m€0.06m-€0.02m-€0.01m▲ 39.6%
Equity€0.1m-€0.1m▼ 11.7%€0.2m▲ 81.3%€1.0m▲ 320%€0.9m▼ 1.0%€1.0m▲ 6.8%€1.0m▼ 2.2%€1.0m▼ 1.4%
Total assets€0.2m-€0.2m▼ 5.7%€0.6m▲ 203%€1.8m▲ 200%€1.8m▼ 0.3%€1.6m▼ 11.0%€1.2m▼ 26.7%€1.2m▼ 1.3%
Debt€0.07m-€0.07m▲ 6.8%€0.4m▲ 411%€0.8m▲ 126%€0.9m▲ 0.5%€0.6m▼ 30.8%€0.2m▼ 68.8%€0.2m▼ 1.0%
Working capital-€0.001m--€0.01m▼ 1,520%-€0.4m▼ 3,573%-€0.09m▲ 74.0%€0.6m€0.4m▼ 33.7%€0.003m▼ 99.3%-€0.005m
The operating result for 2025 is a loss of €8,398, smaller than the loss of €15,042 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m =
Current assets
€12,272 ▼ 55.5%
Equity and liabilities €1.2m
Equity
€974,324 ▼ 1.4%
Debt
€181,898 ▼ 1.0%
Debt's share of the balance-sheet total stays at 15.7%.
Key figures and ratios
Current ratio
0.69▼
2024 · 1.13
Debt to equity
0.19▲
2024 · 0.19
ROE
-1.4%▲
2024 · -2.3%
ROA
-1.2%▲
2024 · -1.9%
Debt ≤ 1 year
€17,721▼
2024 · €24,468
Debt > 1 year
€159,286▲
2024 · €151,826
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
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)
Annual accounts
| 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, 93.7% were still going and 0.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
93.7%
was still going
5.4%
stopped otherwise
0.6%
went bankrupt
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 |