LOTRONIC
BankruptcySummary
The KBO register records for LOTRONIC the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €2.52M and a net result of €-3.79M.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-3.79M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
29 d early
2022
21 d late
2021
30 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€15.93M▼ 27.0%
2023 · €21.82M
2018: €25.99M
2019: €23.61M
2020: €18.84M
2021: €22.52M
2022: €20.72M
2023: €21.82M
2018 → 2024
EBIT margin
-21.3%▼ 21.5pp
2023 · 0.2%
2018: 6.1%
2019: 3.9%
2020: 1.5%
2021: 1.5%
2022: 0.0%
2023: 0.2%
2018 → 2024
Net result
€-3.79M▼ 866%
2023 · €-392k
2018: €1.20M
2019: €473k
2020: €81k
2021: €-3k
2022: €47k
2023: €-392k
2018 → 2024
Working capital
€3.34M▼ 49.1%
2023 · €6.56M
2018: €5.66M
2019: €6.03M
2020: €6.25M
2021: €7.63M
2022: €7.43M
2023: €6.56M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€18.84M-€22.52M▲ 19.6%€20.72M▼ 8.0%€21.82M▲ 5.3%€15.93M▼ 27.0%
Equity€6.66M-€6.66M=€6.70M▲ 0.7%€6.31M▼ 5.8%€2.52M▼ 60.0%
Operating result€278k-€341k▲ 22.8%€5k▼ 98.4%€36k▲ 575%€-3.39M
Net result€81k-€-3k€47k€-392k€-3.79M▼ 866%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3.39M after €36k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.29M
Fixed assets
€675k ▼ 2.4%
Current assets
€15.61M ▼ 28.4%
Equity and liabilities €16.29M
Equity
€2.52M ▼ 60.0%
Provisions
€0 ▼ 100%
Debt
€13.77M ▼ 12.3%
Debt's share of the balance-sheet total rises from 69.8% to 84.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3.26M▼
2023 · €312k
Cash flow
€-3.66M▼
2023 · €-116k
Current ratio
1.27▼
2023 · 1.43
Quick ratio
0.76▲
2023 · 0.74
Debt to equity
5.46▲
2023 · 2.49
ROE
-150.2%▼
2023 · -6.2%
ROA
-23.3%▼
2023 · -1.7%
Interest coverage
-6.54▼
2023 · 0.59
Debt ≤ 1 year
€12.28M▼
2023 · €15.25M
Debt > 1 year
€1.46M▲
2023 · €449k
Income taxes
€1k▲
2023 · €261
Staff costs
€1.06M▲
2023 · €995k
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 · 2024 against 2023 · 85 lines
Balance sheet
Code20232024
Assets
Total assets20/58€22.50M€16.29M▼
Fixed assets21/28€691k€675k▼
Intangible fixed assets21€434k€370k▼
Tangible fixed assets22/27€98k€149k▲
Plant, machinery and equipment23€2k€31k▲
Furniture and vehicles24€86k€111k▲
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28€159k€156k▼
Affiliated companies280/1€156k€156k=
Participating interests280€156k€156k=
Companies linked by participating interests282/3€3k-
Participating interests282€3k-
Other financial fixed assets284/8€225€225=
Amounts receivable and cash guarantees285/8€225€225=
Current assets29/58€21.81M€15.61M▼
Stocks and contracts in progress3€10.55M€6.23M▼
Stocks30/36€10.55M€6.23M▼
Goods purchased for resale34€10.55M€6.23M▼
Amounts receivable within one year40/41€10.23M€8.27M▼
Trade receivables40€6.88M€4.50M▼
Other amounts receivable41€3.35M€3.76M▲
Cash at bank and in hand54/58€866k€1.09M▲
Deferred charges and accrued income490/1€169k€30k▼
Equity and liabilities
Total equity and liabilities10/49€22.50M€16.29M▼
Equity10/15€6.31M€2.52M▼
Contributions10/11€350k€350k=
Capital10€350k€350k=
Issued capital100€350k€350k=
Reserves13€4.71M€4.71M=
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€17k€17k=
Distributable reserves133€4.66M€4.66M=
Profit (loss) carried forward14€1.25M€-2.54M▼
Provisions and deferred taxes16€490k-
Provisions for liabilities and charges160/5€490k-
Other liabilities and charges164/5€490k-
Amounts payable17/49€15.70M€13.77M▼
Amounts payable after more than one year17€449k€1.46M▲
Financial debts170/4€182k€1.46M▲
Credit institutions173€182k€1.46M▲
Other amounts payable178/9€267k-
Amounts payable within one year42/48€15.25M€12.28M▼
Current portion of amounts payable after more than one year42€4.23M€3.15M▼
Financial debts43€6.40M€5.40M▼
Credit institutions430/8€6.40M€5.40M▼
Trade debts44€3.64M€2.88M▼
Suppliers440/4€3.64M€2.88M▼
Taxes, remuneration and social security45€366k€116k▼
Taxes450/3€270k€41k▼
Remuneration and social security454/9€96k€75k▼
Other amounts payable47/48€612k€733k▲
Accrued charges and deferred income492/3€1k€32k▲
Income statement
Code20232024
Operating income70/76A€22.02M€16.10M▼
Turnover70€21.82M€15.93M▼
Other operating income74€204k€166k▼
Operating charges60/66A€21.99M€19.49M▼
Goods for resale, raw materials and consumables60€14.45M€11.01M▼
Purchases600/8€13.21M€6.79M▼
Change in stocks: decrease (increase)609€1.23M€4.23M▲
Services and other goods61€6.50M€6.99M▲
Remuneration, social security and pensions62€995k€1.06M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276k€133k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-87k€96k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-152k€-490k▼
Other operating charges640/8€10k€102k▲
Non-recurring operating charges66A-€585k
Operating profit (loss)9901€36k€-3.39M▼
Financial income75/76B€896k€359k▼
Recurring financial income75€896k€359k▼
Other financial income752/9€896k€359k▼
Financial charges65/66B€1.32M€753k▼
Recurring financial charges65€1.10M€751k▼
Debt charges650€531k€499k▼
Other financial charges652/9€572k€252k▼
Non-recurring financial charges66B€220k€3k▼
Profit (loss) for the period before taxes9903€-392k€-3.79M▼
Income taxes67/77€261€1k▲
Taxes670/3€1k€1k▼
Tax adjustments and reversals of tax provisions77€1k-
Profit (loss) for the period9904€-392k€-3.79M▼
Profit (loss) for the period to be appropriated9905€-392k€-3.79M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.25M€-2.54M▼
Profit (loss) brought forward from the previous period14P€1.64M€1.25M▼
Social balance
Average headcount (FTE)908715.313.2▼
The notes to these accounts (58 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-3.79M
Net result drops to €-3.79M, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
24 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, Tubize · 1 establishment unit since 2007
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.
Rue François Englert 171480 TubizeGround area
6.3 ha
Parcel 25105A0515/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LOTRONIC
since 20072.161.010.342
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0515/00C000 | Wallonia | 6.3 ha | - | - |
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
549300A7WPXWIKOGWL38
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Of 977 companies in sector 46431 we hold annual accounts for 705. 371 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 formPublic limited company
Founded09-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
68201Renting and operating of own or leased residential real estate, excluding social housing
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.