Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Of this, €64,588 falls due within a year.
Short-term debts rose from €50,010 to €64,588.
Less equity than 87% of companies in retail trade. Sector median €40,976 · 22,967 companies.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 14% of them on solvency, 25% on liquidity, 17% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.09 (0.53 in 2024), below 1. Short-term debt is 46.1% and cash 0.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 23 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Shares in 1 company, MANAGEMENT X19
Board & ownership| Company | ||||
|---|---|---|---|---|
| LT2 Rixensart | €139,993 | -€5,109 | -17.7% | - |
| COSMOHANNA Brussels | €136,608 | -€11,605 | -16.3% | - |
| WALVIC Andenne | €121,931 | -€24,868 | 59.0% | - |
| B.H. TEXTILE Anderlecht | €171,152 | -€54,413 | -47.7% | - |
| TELOT Antwerp | €121,735 | -€14,825 | -78.5% | - |
| Lily Louise Hasselt | €113,332 | -€5,930 | -58.4% | - |
| ANGE-OU-DEMON Gerpinnes | €215,645 | -€17,797 | -54.2% | - |
These companies have the same main activity as LT2: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €113,000 and €216,000, founded between 2023 and 2025.
The computed 12-month bankruptcy probability of LT2 is 4.5% (elevated). The 2025 annual accounts show negative equity (-€24,783) and a net result of -€15,037.
Its solvency ranks better than 17% of 22,924 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 17% of 22,924 companies in 2025.
Lower than 95% of 22,052 companies in 2025.
Higher than 17% of 22,202 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 3 people joined and 3 left.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
139,993 | 161,029 | |
21/28 |
134,295 | 134,295 | |
28 |
134,295 | 134,295 | |
29/58 |
5,698 | 26,734 | |
40/41 |
5,500 | 23,515 | |
40 |
5,500 | 13,515 | |
41 |
- | 10,000 | |
54/58 |
198 | 3,218 | |
| Balance sheet: equity and liabilities | |||
10/49 |
139,993 | 161,029 | |
10/15 |
-24,783 | -9,746 | |
10/11 |
2,000 | 2,000 | |
14 |
-26,783 | -11,746 | |
17/49 |
164,777 | 170,775 | |
17 |
100,189 | 120,765 | |
170/4 |
100,189 | 120,765 | |
42/48 |
64,588 | 50,010 | |
42 |
24,778 | 23,859 | |
44 |
2,114 | 721 | |
440/4 |
2,114 | 721 | |
45 |
1,598 | 2,430 | |
450/3 |
1,579 | 2,152 | |
454/9 |
19 | 278 | |
47/48 |
36,098 | 23,000 | |
| Income statement | |||
9900 |
-5,109 | -6,132 | |
62 |
3,537 | 2,756 | |
640/8 |
400 | 437 | |
9901 |
-9,046 | -9,325 | |
75/76B |
2 | - | |
75 |
2 | - | |
65/66B |
5,993 | 2,421 | |
65 |
5,993 | 2,421 | |
9903 |
-15,037 | -11,746 | |
67/77 |
0 | - | |
9904 |
-15,037 | -11,746 | |
9905 |
-15,037 | -11,746 | |
| Appropriation of the result | |||
9906 |
-26,783 | -11,746 | |
14P |
-11,746 | - | |
| Social balance sheet | |||
9087 |
0.7 | 0.3 | |
Hours worked1013 |
157 | 160 | |
| Document | |||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 134,295 | ||
| -3,020 | - | ||
| -58,889 | -23,276 | ||
| -17.7% | -6.1% | ||
| 0.09 | 0.53 | ||
| -10.7% | -7.3% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| 0.3 | 0.1 | |
| Joined | 3 | 2 |
| Left | 3 | 2 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Financial fixed assets | - | €134,295 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €9,046, smaller than the loss of €9,325 in 2024.
Equity is negative. Debt (€164,777) exceeds the balance-sheet total (€139,993).
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
The network starts from the directors of LT2. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| IKKS registered office Square des Papeteries 10, 1332 Rixensart | 26-07-2024 | 2.361.354.637 |
If something looks wrong or is missing, please tell us.