LK COMPUTING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-02-2026 PDF all 46 filings
Turnover
≈ €170,000
Estimated: probably between €130,000 and €230,000
Total assets
€163,210▲ 39.1%
2024 · €117,372
Net result
€54,788▲ 82.8%
2024 · €29,979
Working capital
€50,532▲ 305%
2024 · €12,480
In the rankings
#5 oldest company in Merbes-le-Château
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€78,419
▲ 73.6%
2025
20182025
Net result
€54,788
▲ 82.8%
2025
middle half of the sector
20182025
Equity
€130,819
▲ 43.7%
2025
middle half of the sector
20182025
Total assets
€163,210
▲ 39.1%
2025
middle half of the sector
20182025
Debt
€32,392
▲ 23.0%
2025
20182025
Working capital
€50,532
▲ 305%
2025
middle half of the sector
20182025
Solvency
80.2%
▲ 2.6pp
2025
highest quarter of the sector
20182025
Current ratio
2.56
▲ 1.04
2025
middle half of the sector
20182025
Return on assets (ROA)
33.6%
▲ 8.0pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€38,935-€18,496▼ 52.5%€17,240▼ 6.8%€8,745▼ 49.3%€19,278▲ 120%€11,384▼ 40.9%€45,162▲ 297%€78,419▲ 73.6%
Net result€35,872-€15,780▼ 56.0%€11,688within the sector's middle half▼ 25.9%€5,748below the sector's middle half▼ 50.8%€12,867within the sector's middle half▲ 124%€6,414below the sector's middle half▼ 50.2%€29,979within the sector's middle half▲ 367%€54,788within the sector's middle half▲ 82.8%
Equity€66,127-€75,907▲ 14.8%€81,595within the sector's middle half▲ 7.5%€80,343within the sector's middle half▼ 1.5%€84,638within the sector's middle half▲ 5.3%€91,052within the sector's middle half▲ 7.6%€91,031within the sector's middle half=€130,819within the sector's middle half▲ 43.7%
Total assets€110,417-€124,924▲ 13.1%€114,151within the sector's middle half▼ 8.6%€110,509within the sector's middle half▼ 3.2%€111,450within the sector's middle half▲ 0.9%€109,123within the sector's middle half▼ 2.1%€117,372within the sector's middle half▲ 7.6%€163,210within the sector's middle half▲ 39.1%
Debt€44,290-€49,017▲ 10.7%€32,556▼ 33.6%€30,167▼ 7.3%€26,812▼ 11.1%€18,071▼ 32.6%€26,341▲ 45.8%€32,392▲ 23.0%
Working capital€7,925-€6,496▼ 18.0%€6,476below the sector's middle half▼ 0.3%-€6,192below the sector's middle half€488below the sector's middle half€7,573below the sector's middle half▲ 16×€12,480within the sector's middle half▲ 64.8%€50,532within the sector's middle half▲ 305%
Solvency59.9%-60.8%▲ 0.9pp71.5%within the sector's middle half▲ 10.7pp72.7%within the sector's middle half▲ 1.2pp75.9%within the sector's middle half▲ 3.2pp83.4%above the sector's middle half▲ 7.5pp77.6%within the sector's middle half▼ 5.9pp80.2%above the sector's middle half▲ 2.6pp
Current ratio1.49-1.21▼ 0.281.29within the sector's middle half▲ 0.080.79below the sector's middle half▼ 0.501.02below the sector's middle half▲ 0.221.42within the sector's middle half▲ 0.401.52within the sector's middle half▲ 0.112.56within the sector's middle half▲ 1.04
Return on assets (ROA)32.5%-12.6%▼ 19.9pp10.2%within the sector's middle half▼ 2.4pp5.2%within the sector's middle half▼ 5.0pp11.5%within the sector's middle half▲ 6.3pp5.9%within the sector's middle half▼ 5.7pp25.5%within the sector's middle half▲ 19.7pp33.6%within the sector's middle half▲ 8.0pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 74% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163,210
Fixed assets
€80,311 ▼ 1.0%
Current assets
€82,899 ▲ 129%
Equity and liabilities €163,210
Equity
€130,819 ▲ 43.7%
Debt
€32,392 ▲ 23.0%
Debt's share of the balance-sheet total falls from 22.4% to 19.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79,209▲
2024 · €47,540
Cash flow
€55,578▲
2024 · €32,357
Debt to equity
0.25▼
2024 · 0.29
ROE
41.9%▲
2024 · 32.9%
Interest coverage
over 100▲
2024 · 31.55
Debt ≤ 1 year
€32,367▲
2024 · €23,791
Income taxes
€23,037▲
2024 · €13,677
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 | €2,610 | - | €2,370 | - | - |
| Depreciation and write-downs of the year | €1,663 | €2,460 | €3,040 | €2,378 | €790 |
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 | €2,197 | €2,830 | €1,738 | €1,663 | €2,460 | €3,040 | €2,378 | €790 | ▼ 66.8% |
| Other operating charges640/8 | - | - | - | €348 | €3,286 | €8,010 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | - | €242 | €52 | - | - | - |
| Gross operating margin9900 | €42,819 | €23,625 | €19,325 | €10,755 | €25,267 | €22,486 | €47,927 | €79,608 | ▲ 66.1% |
| Operating profit (loss)9901 | €38,935 | €18,496 | €17,240 | €8,745 | €19,278 | €11,384 | €45,162 | €78,419 | ▲ 73.6% |
| Financial income75/76B | - | - | - | €261 | €3 | - | €1 | €31 | ▲ 24× |
| Recurring financial income75 | - | €643 | €450 | €261 | €3 | - | €1 | €31 | ▲ 24× |
| Financial charges65/66B | - | - | - | €1,010 | €1,591 | €1,641 | €1,507 | €625 | ▼ 58.5% |
| Recurring financial charges65 | €3,063 | €3,359 | €1,645 | €1,010 | €1,591 | €1,641 | €1,507 | €625 | ▼ 58.5% |
| Profit (loss) for the period before taxes9903 | €35,872 | €15,780 | €16,045 | €7,996 | €17,690 | €9,743 | €43,657 | €77,824 | ▲ 78.3% |
| Income taxes67/77 | - | - | €4,357 | €2,248 | €4,823 | €3,329 | €13,677 | €23,037 | ▲ 68.4% |
| Profit (loss) for the period9904 | €35,872 | €15,780 | €11,688 | €5,748 | €12,867 | €6,414 | €29,979 | €54,788 | ▲ 82.8% |
| Profit (loss) for the period to be appropriated9905 | €35,872 | €15,780 | €11,688 | €5,748 | €12,867 | €6,414 | €29,979 | €54,788 | ▲ 82.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €110,417 | €124,924 | €114,151 | €110,509 | €111,450 | €109,123 | €117,372 | €163,210 | ▲ 39.1% |
| Fixed assets21/28 | €86,230 | €87,400 | €85,662 | €86,610 | €84,149 | €83,479 | €81,101 | €80,311 | ▼ 1.0% |
| Tangible fixed assets22/27 | €6,129 | €7,299 | €5,561 | €6,508 | €4,048 | €3,378 | €1,000 | €210 | ▼ 79.0% |
| Furniture and vehicles24 | - | - | - | €4,908 | €3,248 | €3,378 | €1,000 | €210 | ▼ 79.0% |
| Other tangible fixed assets26 | - | - | - | €1,600 | €800 | - | - | - | - |
| Financial fixed assets28 | €80,101 | €80,101 | €80,101 | €80,101 | €80,101 | €80,101 | €80,101 | €80,101 | = |
| Current assets29/58 | €24,187 | €37,524 | €28,489 | €23,900 | €27,301 | €25,644 | €36,271 | €82,899 | ▲ 129% |
| Amounts receivable within one year40/41 | €21,603 | €34,864 | €22,838 | €21,152 | €24,550 | €21,641 | €30,168 | €45,430 | ▲ 50.6% |
| Trade receivables40 | - | - | - | €18,400 | €24,374 | €14,394 | €17,449 | €34,755 | ▲ 99.2% |
| Other amounts receivable41 | - | - | - | €2,752 | €177 | €7,246 | €12,719 | €10,675 | ▼ 16.1% |
| Cash at bank and in hand54/58 | €70 | €70 | €2,984 | - | - | - | €1,900 | €32,836 | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | - | €2,747 | €2,750 | €4,003 | €4,203 | €4,633 | ▲ 10.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €110,417 | €124,924 | €114,151 | €110,509 | €111,450 | €109,123 | €117,372 | €163,210 | ▲ 39.1% |
| Equity10/15 | €66,127 | €75,907 | €81,595 | €80,343 | €84,638 | €91,052 | €91,031 | €130,819 | ▲ 43.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,484 | €6,484 | €6,484 | €6,484 | €6,484 | €11,484 | €36,484 | €66,484 | ▲ 82.2% |
| Non-distributable reserves130/1 | - | - | - | €5,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,000 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €401 | €401 | €401 | €401 | €401 | = |
| Distributable reserves133 | - | - | - | €1,083 | €6,083 | €11,083 | €36,083 | €66,083 | ▲ 83.1% |
| Profit (loss) carried forward14 | €41,043 | €50,823 | €56,511 | €55,259 | €59,554 | €60,968 | €35,947 | €45,735 | ▲ 27.2% |
| Amounts payable17/49 | €44,290 | €49,017 | €32,556 | €30,167 | €26,812 | €18,071 | €26,341 | €32,392 | ▲ 23.0% |
| Amounts payable after more than one year17 | €28,028 | €17,989 | €7,776 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €16,262 | €31,028 | €22,013 | €30,092 | €26,812 | €18,071 | €23,791 | €32,367 | ▲ 36.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,776 | - | - | - | - | - |
| Financial debts43 | - | - | - | €4,407 | €8,723 | €13,939 | - | - | - |
| Credit institutions430/8 | - | - | - | €4,407 | €8,723 | €13,939 | - | - | - |
| Trade debts44 | €154 | €4,318 | €58 | €1,065 | - | €772 | €164 | €1,310 | ▲ 699% |
| Suppliers440/4 | - | - | - | €1,065 | - | €772 | €164 | €1,310 | ▲ 699% |
| Taxes, remuneration and social security45 | - | - | - | €3,544 | €4,789 | €3,360 | €10,000 | €10,194 | ▲ 1.9% |
| Taxes450/3 | - | - | - | €3,544 | €4,789 | €3,360 | €10,000 | €10,194 | ▲ 1.9% |
| Other amounts payable47/48 | - | - | - | €13,300 | €13,300 | - | €13,627 | €20,862 | ▲ 53.1% |
| Accrued charges and deferred income492/3 | - | - | - | €75 | - | - | €2,550 | €25 | ▼ 99.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,872 | €15,780 | €11,688 | €5,748 | €12,867 | €6,414 | €29,979 | €54,788 | ▲ 82.8% |
| + Depreciation and write-downs630 | €2,197 | €2,830 | €1,738 | €1,663 | €2,460 | €3,040 | €2,378 | €790 | ▼ 66.8% |
| Operating cash flow (approximation) | €38,069 | €18,610 | €13,426 | €7,411 | €15,327 | €9,454 | €32,357 | €55,578 | ▲ 71.8% |
| Investment in fixed assets (approximation) | - | -€4,000 | €0 | -€2,611 | €0 | -€2,370 | €0 | €0 | - |
| Change in cash | - | €0 | €2,914 | - | - | - | - | €30,936 | - |
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, 31,368 companies had the same profile as LK COMPUTING has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LK COMPUTING 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 31,368 companies, not a prediction for LK COMPUTING. 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 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-02-2026 | 2026-00042750 | |
| 31-12-2024 | micro format | 20-09-2025 | 2025-00496458 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00273397 | |
| 31-12-2022 | micro format | 30-07-2023 | 2023-00291177 | |
| 31-12-2021 | micro format | 03-08-2022 | 2022-20266039 | |
| 31-12-2020 | micro format | 27-02-2021 | 2021-06500373 | |
| 31-12-2019 | micro format | 05-02-2020 | 2020-04500027 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51600048 | |
| 31-12-2017 | micro format | 26-06-2018 | 2018-23400331 | |
| 31-12-2016 | micro format | 16-08-2017 | 2017-43800561 |