Summary
LOTES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.97M and a net result of €464k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 8023 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
on the day
2022
on the day
2021
18 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6.97M▲ 7.1%
2024 · €6.51M
2019: €3.84M
2020: €4.34M
2021: €5.02M
2022: €5.55M
2023: €6.19M
2024: €6.51M
2019 → 2025
Net result
€464k▲ 44.8%
2024 · €321k
2019: €460k
2020: €499k
2021: €680k
2022: €540k
2023: €650k
2024: €321k
2019 → 2025
Total assets
€7.37M▲ 4.2%
2024 · €7.07M
2019: €4.77M
2020: €5.88M
2021: €6.23M
2022: €6.83M
2023: €6.81M
2024: €7.07M
2019 → 2025
Solvency
94.6%▲ 2.6pp
2024 · 92.1%
2019: 80.5%
2020: 73.8%
2021: 80.5%
2022: 81.3%
2023: 90.9%
2024: 92.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.02M-€5.55M▲ 10.6%€6.19M▲ 11.5%€6.51M▲ 5.2%€6.97M▲ 7.1%
Operating result€927k-€879k▼ 5.2%€855k▼ 2.8%€521k▼ 39.1%€593k▲ 13.8%
Net result€680k-€540k▼ 20.7%€650k▲ 20.4%€321k▼ 50.6%€464k▲ 44.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.37M
Fixed assets
€2.44M ▼ 0.7%
Current assets
€4.93M ▲ 6.9%
Equity and liabilities €7.37M
Equity
€6.97M ▲ 7.1%
Debt
€395k ▼ 29.5%
Debt's share of the balance-sheet total falls from 7.9% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.7%▲
2024 · 4.9%
ROA
6.3%▲
2024 · 4.5%
Debt ≤ 1 year
€386k▼
2024 · €547k
Income taxes
€212k▲
2024 · €212k
Staff costs
€34k▼
2024 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.07M€7.37M▲
Fixed assets21/28€2.45M€2.44M▼
Tangible fixed assets22/27€2.44M€2.42M▼
Land and buildings22€2.39M€2.40M▲
Plant, machinery and equipment23€392€142▼
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26€45k€23k▼
Financial fixed assets28€15k€15k=
Current assets29/58€4.62M€4.93M▲
Stocks and contracts in progress3€1.16M€1.20M▲
Stocks30/36€1.16M€1.20M▲
Amounts receivable within one year40/41€626k€561k▼
Trade receivables40€303k€234k▼
Other amounts receivable41€323k€327k▲
Current investments50/53€2.54M€2.39M▼
Cash at bank and in hand54/58€270k€768k▲
Deferred charges and accrued income490/1€24k€15k▼
Equity and liabilities
Total equity and liabilities10/49€7.07M€7.37M▲
Equity10/15€6.51M€6.97M▲
Contributions10/11€1.72M€1.72M=
Reserves13€4.79M€5.26M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€788k€687k▼
Distributable reserves133€4.01M€4.57M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€561k€395k▼
Amounts payable within one year42/48€547k€386k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€14k€19k▲
Suppliers440/4€14k€19k▲
Taxes, remuneration and social security45€73k€71k▼
Taxes450/3€57k€69k▲
Remuneration and social security454/9€16k€2k▼
Other amounts payable47/48€461k€295k▼
Accrued charges and deferred income492/3€13k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€76k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€8k€20k▲
Gross operating margin9900€647k€699k▲
Operating profit (loss)9901€521k€593k▲
Financial income75/76B€61k€101k▲
Recurring financial income75€61k€101k▲
Financial charges65/66B€50k€17k▼
Recurring financial charges65€-31k€17k▲
Non-recurring financial charges66B€81k€0▼
Profit (loss) for the period before taxes9903€532k€677k▲
Income taxes67/77€212k€212k▲
Profit (loss) for the period9904€321k€464k▲
Transfer from tax-exempt reserves789€555k€101k▼
Transfer to tax-exempt reserves689€126k€0▼
Profit (loss) for the period to be appropriated9905€749k€565k▼
Appropriation of the result
Profit (loss) to be appropriated9906€749k€565k▼
Transfer to equity691/2€749k€565k▼
To other reserves6921€749k€565k▼
Profit to be distributed694/7€0-
Employees696€0-
Social balance
Average headcount (FTE)90871.4-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €321k ▼50.6%
Net result drops to €321k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Liquidity doublescurrent ratio 7.11
Current ratio from 3.38 to 7.11; short-term debt falls from €1.27M to €605k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
30-06
Financial
Highest result since 2019net €680k ▲36.3%
Operating result €927k, net result €680k, both a record.
30-06
Financial
Equity above €5MEq €5.02M ▲15.7%
3 profitable years in a row build equity to €5.02M.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Klaverlaan 118300 Knokke-HeistGround area
1,392 m²
Building footprint
379 m²
Volume, LiDAR
1,297 m³
Parcel 31333I0769/00L000, Flanders · tallest building 13.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LOTES
since 20092.178.895.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333I0769/00L000 | Flanders | 1,392 m² | 1 · 379 m² | 13.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600U2PH8W9XPYMF66
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 7,122 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1999
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
71111Activities of building architects
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.