LTA
ActiveSummary
LTA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €976,621 and a net result of €100,507. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 2020 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency91▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.18 in 2024; short-term debt: 18.1% and cash: 6.6% of total assets), and 34.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.8%
Return on assets
6.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
27 d early
2022
30 d early
2021
30 d early
2020
11 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€976,621▲ 4.7%
2024 · €933,114
Total assets
€1.5m=
2024 · €1.5m
Net result
€100,507▲ 0.5%
2024 · €100,007
Working capital
€67,582▲ 52.4%
2024 · €44,350
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€155,551▲ 109%€102,106▼ 34.4%€46,770▼ 54.2%€142,761▲ 205%€143,508▲ 0.5%
Net result€99,851▲ 84.8%€65,957▼ 33.9%€27,576▼ 58.2%€100,007▲ 263%€100,507▲ 0.5%
Equity€789,573▲ 8.2%€855,530▲ 8.4%€833,106▼ 2.6%€933,114▲ 12.0%€976,621▲ 4.7%
Total assets€1.6m▲ 1.1%€1.6m▲ 0.1%€1.4m▼ 10.8%€1.5m▲ 4.1%€1.5m=
Debt€807,398▼ 4.9%€742,648▼ 8.0%€592,741▼ 20.2%€551,162▼ 7.0%€507,653▼ 7.9%
Working capital-€20,519▲ 59.1%€11,879-€12,009€44,350€67,582▲ 52.4%
Staff (FTE)2.3▲ 21.1%2.1▼ 8.7%2▼ 4.8%2=2=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.1m ▼ 3.7%
Current assets
€336,438 ▲ 15.3%
Equity and liabilities €1.5m
Equity
€976,621 ▲ 4.7%
Debt
€507,653 ▼ 7.9%
Debt's share of the balance-sheet total falls from 37.1% to 34.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€196,667▲
2024 · €194,664
Cash flow
€153,667▲
2024 · €151,910
Current ratio
1.25▲
2024 · 1.18
Debt to equity
0.52▼
2024 · 0.59
ROE
10.3%▼
2024 · 10.7%
ROA
6.8%▲
2024 · 6.7%
Interest coverage
32.91▼
2024 · 92.04
Debt ≤ 1 year
€268,856▲
2024 · €247,408
Debt > 1 year
€237,346▼
2024 · €302,304
Income taxes
€43,297▲
2024 · €42,054
Staff costs
€134,104▲
2024 · €123,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €39,500 | €700 | ▼ 98.2% |
| Remuneration, social security and pensions62 | - | €112,877 | €112,559 | €123,711 | €134,104 | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,798 | €53,767 | €88,308 | €51,903 | €53,160 | ▲ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,003 | €127 | €0 | - | - |
| Other operating charges640/8 | - | €4,996 | €4,595 | €4,668 | €4,421 | ▼ 5.3% |
| Gross operating margin9900 | €341,663 | €282,749 | €252,360 | €323,042 | €335,192 | ▲ 3.8% |
| Operating profit (loss)9901 | €155,551 | €102,106 | €46,770 | €142,761 | €143,508 | ▲ 0.5% |
| Financial income75/76B | - | €377 | €864 | €1,416 | €6,273 | ▲ 343% |
| Recurring financial income75 | €163 | €377 | €864 | €1,416 | €6,273 | ▲ 343% |
| Financial charges65/66B | - | €8,360 | €7,251 | €2,115 | €5,977 | ▲ 183% |
| Recurring financial charges65 | €9,855 | €8,360 | €7,251 | €2,115 | €5,977 | ▲ 183% |
| Profit (loss) for the period before taxes9903 | €145,859 | €94,123 | €40,383 | €142,062 | €143,804 | ▲ 1.2% |
| Income taxes67/77 | €46,008 | €28,166 | €12,807 | €42,054 | €43,297 | ▲ 3.0% |
| Profit (loss) for the period9904 | €99,851 | €65,957 | €27,576 | €100,007 | €100,507 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €99,851 | €65,957 | €27,576 | €100,007 | €100,507 | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.4m | €1.5m | €1.5m | = |
| Fixed assets21/28 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 3.7% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 3.7% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €4,328 | €4,378 | €11,190 | €8,431 | ▼ 24.7% |
| Furniture and vehicles24 | - | €23,218 | €68 | €0 | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €231,624 | €286,599 | €200,061 | €291,758 | €336,438 | ▲ 15.3% |
| Amounts receivable within one year40/41 | €39,964 | €61,995 | €28,726 | €83,956 | €113,371 | ▲ 35.0% |
| Trade receivables40 | - | €27,789 | €27,476 | €71,613 | €113,371 | ▲ 58.3% |
| Other amounts receivable41 | - | €34,206 | €1,250 | €12,343 | €0 | ▼ 100% |
| Current investments50/53 | €68,985 | €71,982 | €58,854 | €83,000 | €125,259 | ▲ 50.9% |
| Cash at bank and in hand54/58 | €114,582 | €144,438 | €108,878 | €120,993 | €97,809 | ▼ 19.2% |
| Deferred charges and accrued income490/1 | - | €8,184 | €3,602 | €3,809 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.4m | €1.5m | €1.5m | = |
| Equity10/15 | €789,573 | €855,530 | €833,106 | €933,114 | €976,621 | ▲ 4.7% |
| Contributions10/11 | - | €84,900 | €84,900 | €84,900 | €84,900 | = |
| Reserves13 | €704,673 | €770,630 | €748,206 | €848,214 | €891,721 | ▲ 5.1% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €751,880 | €729,456 | €829,464 | €872,971 | ▲ 5.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €807,398 | €742,648 | €592,741 | €551,162 | €507,653 | ▼ 7.9% |
| Amounts payable after more than one year17 | €555,255 | €467,929 | €380,671 | €302,304 | €237,346 | ▼ 21.5% |
| Financial debts170/4 | - | €467,929 | €380,671 | €302,304 | €237,346 | ▼ 21.5% |
| Amounts payable within one year42/48 | €252,143 | €274,719 | €212,069 | €247,408 | €268,856 | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | - | €87,326 | €87,257 | €78,367 | €64,943 | ▼ 17.1% |
| Trade debts44 | €49,301 | €121,554 | €66,596 | €84,642 | €94,673 | ▲ 11.9% |
| Suppliers440/4 | - | €121,554 | €66,596 | €84,642 | €94,673 | ▲ 11.9% |
| Taxes, remuneration and social security45 | - | €65,840 | €55,385 | €84,399 | €95,696 | ▲ 13.4% |
| Taxes450/3 | - | €43,376 | €35,111 | €63,340 | €72,960 | ▲ 15.2% |
| Remuneration and social security454/9 | - | €22,463 | €20,275 | €21,059 | €22,736 | ▲ 8.0% |
| Other amounts payable47/48 | - | €0 | €2,831 | €0 | €13,544 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,450 | €1,450 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,851 | €65,957 | €27,576 | €100,007 | €100,507 | ▲ 0.5% |
| + Depreciation and write-downs630 | €79,798 | €53,767 | €88,308 | €51,903 | €53,160 | ▲ 2.4% |
| Operating cash flow (approximation) | €179,650 | €119,725 | €115,884 | €151,910 | €153,667 | ▲ 1.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,515 | -€18,634 | -€8,477 | ▲ 54.5% |
| Change in cash | - | €29,855 | -€35,559 | €12,114 | -€23,184 | ▼ 291% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
MiscellaneousMerger · Capital · Board composition17 facts ▸
State Gazette act
Miscellaneous
Merger · Capital · Board composition17 facts ▸
- Board meeting, 17-08-2026
- Merger, fusie door overneming, aandelen op naam
- Capital, €62.000
- Board composition, Toelen Luc (director)
- Board composition, Toelen Michiel (director)
- Board composition, Toelen Florien (director)
- Board composition, Toelen Elias (director)
- Capital, €84.900
- Board composition, Toelen Luc (director)
- Merger, merger by absorption, De kosten van de fusie worden gedragen door de Overnemende Vennootschap
- Other statement, vrijstelling van btw, fiscal treatment
- Statutes amendment
- +5 further facts in this act
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €27,576 ▼58.2%
Net result drops to €27,576, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 2004
Ground area
758 m²
Parcel 44050A0749/00W002, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kerkstraat 22, 9870 Zulte
since 20042.231.398.688
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050A0749/00W002 | Flanders | 758 m² | - | - |
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.
Articles of association
Purpose
Het uitvoeren van alle opdrachten die door de wetgever voorbehouden worden aan personen die gemachtigd zijn het beroep van architect uit te oefenen; deze opdrachten worden…
Full purpose (7 activities)
- Het uitvoeren van alle opdrachten die door de wetgever voorbehouden worden aan personen die gemachtigd zijn het beroep van architect uit te oefenen; deze opdrachten worden uitgevoerd in naam van en voor rekening van de vennootschap
- Het beoefenen van alle aanverwante disciplines voor zover deze verenigbaar zijn met het Reglement van beroepsplichten van de Orde van Architecten
- Alle verrichtingen doen die rechtstreeks of onrechtstreeks verband houden met het voorwerp voor zover die verrichtingen niet verboden zijn krachtens de wet/of de uitvoeringsbesluiten en voor zover zij in overeenstemming zijn met de plichtenleer die geldt voor het beroep
- Het voorwerp verwezenlijken op alle wijzen en manieren die haar het meest geschikt lijken
- Samenwerken of deelnemen aan alle verenigingen, vennootschappen en ondernemingen die een gelijkaardig voorwerp nastreven of die bijdragen tot de algehele of gedeeltelijke verwezenlijking van haar voorwerp, mits voorafgaande kennisgeving aan en goedkeuring van de bevoegde provinciale raad van de Orde van de Architecten
- Alle industriële, financiële, roerende of onroerende verrichtingen uitvoeren of handelingen verrichten die in rechtstreeks of onrechtstreeks verband staan met haar voorwerp en in het algemeen alle handelingen verrichten die van aard zouden zijn de verwezenlijking van haar voorwerp geheel of ten dele te vergemakkelijken te bevorderen of te begunstigen, mits inachtneming van de deontologie
- Volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionMerger with:Belimco-Mol
Capital and shareholders
Capital over the years
- 15-09-2026 Capital stated in the act · 84,900 EUR · 2,135 shares
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,002 EUR awarded · 2,002 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,002 EUR | 2,002 EUR |
Schemes
Similar companies · same sector, comparable size
ARCHITECTENBUREAU LOETE
BE 0460.864.618
Aalter · Eq €971,263
PLANTEC
BE 0428.825.122
Oostende · Eq €984,855
VAN WASSENHOVE ARCHITECTEN
BE 0880.407.632
Gent · Eq €984,909
ARCHITECTENBUREAU PHILIPPE GUILBERT
BE 0476.402.236
Menen · Eq €964,506
J.L.N. IMMO
BE 0473.161.347
Binche · Eq €989,011
Of 18,252 companies in sector 71111 we hold annual accounts for 6,320. 2,873 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
Founded04-03-2004
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863842408
Also
9925:BE0863842408
Registered
02-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.