Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of LTC Belgium is 17.3% (high). The 2024 annual accounts show negative equity (€-1k) and a net result of €-1k. Its solvency ranks better than 5% of 333 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone17.3%
High
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Young company
+Recent warning signals
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events03-11-2025
KBO administration
Address struck
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-04-2026, 260 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 17-04-2026 | 260 d late | 2026-00082120 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1k
Working capital€-1k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 17-04-2026 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -128.6% | 24.2% | |
| Net result | €-1k | €16k | |
| Equity | €-1k | €73k | |
| Gross operating margin | €-1k | €81k | |
| Total assets | €1k | €528k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €-1k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €1k |
| Equity | €-1k |
| Debt | €2k |
| of which ≤ 1y | €2k |
| of which > 1y | - |
| Working capital | €-1k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.44 |
| Quick ratio | 0.44 |
| Working capital ratio | -128.6% |
| Solvency | -128.6% |
| Debt / equity | -1.78 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -128.6% |
| ROE | 100.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (16 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1k |
| Current assets | 29/58 | €1k |
| Amounts receivable within one year | 40/41 | €390 |
| Cash & bank | 54/58 | €656 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1k |
| Equity | 10/15 | €-1k |
| Accumulated profits (losses) | 14 | €-1k |
| Amounts payable | 17/49 | €2k |
| Amounts payable within one year | 42/48 | €2k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-1k |
| Operating result | 9901 | €-1k |
| Financial charges | 65 | €11 |
| Result before taxes | 9903 | €-1k |
| Net result for the period | 9904 | €-1k |
| Result to be appropriated | 9905 | €-1k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed20
/ 100
Critical
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
5 directors4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current01-04-2025 → present
Former directors (4)
-
Former26-06-2025 → 15-01-2026
2 events
- 15-01-2026 Resigned· Director
- 26-06-2025 Appointed· Director
-
Former- → 01-04-2025
-
Former- → 01-04-2025
-
Former- → 01-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Algemene bouw van kantoorgebouwen(41002) |
| Legal form | Private limited company(610) |
| Incorporation | 27-06-2024 |
| Status | Active |
| Postal code | 1930 |
Structure & network
Connections & network
47 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Show 2 more network connections
Shared address
→
Shared address
→
41 further connected companies in this network. Available in Kantoor S.
See plans →
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Excelsiorlaan 711930 ZaventemEstablishment units
1 locationLTC BELGIUM
since 20242.361.972.962
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area7,298 m²
Buildings2
Building footprint1,610 m²
Volume (LiDAR)15,067 m³
Tallest building12.6 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0036/00W000 | Flanders | 5,436 m² | 1 · 1,487 m² | 12.6 m · 3 fl. |
| 41016A0757/00K000 | Flanders | 1,862 m² | 1 · 123 m² | 10.3 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette03-11-2025
KBO administration
Address struck
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
4 acts Address history · 1
16-07-2025
v3.2
All acts · 4
updated 6 months ago
2026
30-01-2026 YILDIRIM Siddik resigns as director
2025
16-07-2025 Registered office moved from Erpe-Mere to Zaventem
- Gentsesteenweg 120, 9420 Erpe-Mere → Excelsiorlaan 71, 1930 Zaventem
Summary:
v3.2
14-05-2025 1 director appointed, 3 resigning
- Yusuf Esgin, Bestuurder
- Jamshidi Mehdi, Bestuurder
- Asadzadehaghdam Mahsa, Bestuurder
- Lee-Roy Martinus, Bestuurder
Summary:
v3.2
2024
01-07-2024 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes53
/ 100
Mixed profile: strong on profitability, weaker on health.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
20
Profitability
100
Solvency
33
Growth
-
Stability
59
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector and regionBE 0454.347.406 · Zaventem
BE 0568.721.589 · Zaventem
BE 0773.522.441 · Zaventem
BE 0479.068.647 · Zaventem
BE 0400.464.795 · Oudergem
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 45 of the 332 companies in this sector.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van kantoorgebouwen41002Algemene elektrotechnische installatiewerken43211Niet-gespecialiseerde groothandel46900Goederenvervoer over de weg49410Verhuur en lease van personenauto’s en andere lichte motorvoertuigen77110Verhuur en lease van speel-, amusement-, en verkoopautomaten77391
Primary activity highlighted.
Names & trade names
| Legal nameNL | LTC Belgium |
Registered office
Excelsiorlaan 71
1930 Zaventem, Belgium
Registration history
- 21-08-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.