LT&S
ActiveSummary
LT&S has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3,192 and a net result of -€1,998. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-19
Solvency33▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.9%
Return on assets
-5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1329 sector peers (2024).
NBB · sector comparisonPosition among 1329 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
13 d early
2022
11 d late
2021
47 d early
2020
29 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€3,192▼ 38.5%
2023 · €5,190
Total assets
€40,296▲ 11.0%
2023 · €36,307
Net result
-€1,998
2023 · €979
Working capital
€3,192▼ 38.5%
2023 · €5,190
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3,231▼ 52.7%-€1,588€3,145€1,177▼ 62.6%-€1,800
Net result€3,075within the sector's middle half▼ 54.0%-€1,820below the sector's middle half€2,691within the sector's middle half€979within the sector's middle half▼ 63.6%-€1,998below the sector's middle half
Equity€3,341below the sector's middle half▲ 1,157%€1,520below the sector's middle half▼ 54.5%€4,211below the sector's middle half▲ 177%€5,190below the sector's middle half▲ 23.2%€3,192below the sector's middle half▼ 38.5%
Total assets€34,202below the sector's middle half▲ 9.9%€32,440below the sector's middle half▼ 5.2%€36,559below the sector's middle half▲ 12.7%€36,307below the sector's middle half▼ 0.7%€40,296below the sector's middle half▲ 11.0%
Debt€30,862=€30,920▲ 0.2%€32,348▲ 4.6%€31,117▼ 3.8%€37,104▲ 19.2%
Working capital€3,341within the sector's middle half▲ 1,157%€1,520below the sector's middle half▼ 54.5%€4,211within the sector's middle half▲ 177%€5,190within the sector's middle half▲ 23.2%€3,192within the sector's middle half▼ 38.5%
Solvency9.8%below the sector's middle half▲ 8.9pp4.7%below the sector's middle half▼ 5.1pp11.5%below the sector's middle half▲ 6.8pp14.3%below the sector's middle half▲ 2.8pp7.9%below the sector's middle half▼ 6.4pp
Current ratio1.11within the sector's middle half▲ 0.101.05below the sector's middle half▼ 0.061.13within the sector's middle half▲ 0.081.17within the sector's middle half▲ 0.041.09within the sector's middle half▼ 0.08
Return on assets (ROA)9.0%within the sector's middle half▼ 12.5pp-5.6%below the sector's middle half▼ 14.6pp7.4%within the sector's middle half▲ 13.0pp2.7%within the sector's middle half▼ 4.7pp-5.0%below the sector's middle half▼ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,800 after €1,177 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €40,296
Equity
€3,192 ▼ 38.5%
Debt
€37,104 ▲ 19.2%
Debt's share of the balance-sheet total rises from 85.7% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
11.62▲
2023 · 6.00
ROE
-62.6%▼
2023 · 18.9%
Debt ≤ 1 year
€37,104▲
2023 · €31,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,037 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €603 | €607 | €664 | €686 | ▲ 3.2% |
| Gross operating margin9900 | €3,833 | -€985 | €3,751 | €1,841 | -€1,114 | ▼ 161% |
| Operating profit (loss)9901 | €3,231 | -€1,588 | €3,145 | €1,177 | -€1,800 | ▼ 253% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | €0 | €0 | - | - | €0 | - |
| Financial charges65/66B | - | €233 | €454 | €198 | €198 | = |
| Recurring financial charges65 | €156 | €233 | €454 | €198 | €198 | = |
| Profit (loss) for the period before taxes9903 | €3,075 | -€1,820 | €2,691 | €979 | -€1,998 | ▼ 304% |
| Profit (loss) for the period9904 | €3,075 | -€1,820 | €2,691 | €979 | -€1,998 | ▼ 304% |
| Profit (loss) for the period to be appropriated9905 | €3,075 | -€1,820 | €2,691 | €979 | -€1,998 | ▼ 304% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,202 | €32,440 | €36,559 | €36,307 | €40,296 | ▲ 11.0% |
| Current assets29/58 | €34,202 | €32,440 | €36,559 | €36,307 | €40,296 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €5,985 | €13,852 | €11,920 | €17,232 | €24,085 | ▲ 39.8% |
| Trade receivables40 | - | €11,935 | €10,931 | €17,188 | €23,192 | ▲ 34.9% |
| Other amounts receivable41 | - | €1,917 | €989 | €44 | €894 | ▲ 1,934% |
| Cash at bank and in hand54/58 | €28,217 | €18,589 | €24,639 | €19,075 | €16,210 | ▼ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,202 | €32,440 | €36,559 | €36,307 | €40,296 | ▲ 11.0% |
| Equity10/15 | €3,341 | €1,520 | €4,211 | €5,190 | €3,192 | ▼ 38.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20 | €20 | €20 | €20 | €20 | = |
| Non-distributable reserves130/1 | - | €20 | €20 | €20 | €20 | = |
| Reserves not available under the articles1311 | - | €20 | €20 | €20 | €20 | = |
| Profit (loss) carried forward14 | -€15,279 | -€17,100 | -€14,409 | -€13,430 | -€15,428 | ▼ 14.9% |
| Amounts payable17/49 | €30,862 | €30,920 | €32,348 | €31,117 | €37,104 | ▲ 19.2% |
| Amounts payable within one year42/48 | €30,862 | €30,920 | €32,348 | €31,117 | €37,104 | ▲ 19.2% |
| Trade debts44 | - | - | - | - | €1,675 | - |
| Suppliers440/4 | - | - | - | - | €1,675 | - |
| Other amounts payable47/48 | - | €30,920 | €32,348 | €31,117 | €35,429 | ▲ 13.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,075 | -€1,820 | €2,691 | €979 | -€1,998 | ▼ 304% |
| Operating cash flow (approximation) | €3,075 | -€1,820 | €2,691 | €979 | -€1,998 | ▼ 304% |
| Change in cash | - | -€9,629 | €6,051 | -€5,564 | -€2,864 | ▲ 48.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Back to profitnet €2,691
Net result €2,691 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6,691
Net result €6,691 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Geel · 1 establishment unit since 2011
Ground area
1,543 m²
Building footprint
150 m²
Volume, LiDAR
737 m³
Parcel 13375N0016/00Z000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LT&S
since 20112.198.924.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13375N0016/00Z000 | Flanders | 1,543 m² | 1 · 150 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 393 companies in sector 42990 we hold annual accounts for 182. 42 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
42990Civil engineering
43211General electrical installation work
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834636597
Also
9925:BE0834636597
Registered
07-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.