LTC FINANCE
ActiveLTC FINANCE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €540k and a net result of €33k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+9
Solvency71▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.21 in 2024; short-term debt: 8.5% and cash: 1.1% of total assets), but 53.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
46.3%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
50 d early
2023
1 d early
2022
3 d early
2021
4 d early
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€540k▲ 6.5%
2024 · €507k
2018: €428k
2019: €432k
2020: €454k
2021: €491k
2022: €492k
2023: €504k
2024: €507k
2018 → 2025
Total assets
€1.17M▼ 3.2%
2024 · €1.20M
2018: €480k
2019: €491k
2020: €1.31M
2021: €1.31M
2022: €1.29M
2023: €1.25M
2024: €1.20M
2018 → 2025
Net result
€33k▲ 1,175%
2024 · €3k
2018: €10k
2019: €4k
2020: €22k
2021: €37k
2022: €903
2023: €12k
2024: €3k
2018 → 2025
Working capital
€154k▲ 9.0%
2024 · €141k
2018: €323k
2019: €290k
2020: €178k
2021: €198k
2022: €181k
2023: €173k
2024: €141k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€491k-€492k▲ 0.2%€504k▲ 2.5%€507k▲ 0.5%€540k▲ 6.5%
Operating result€62k-€11k▼ 81.6%€28k▲ 145%€13k▼ 54.7%€59k▲ 368%
Net result€37k-€903▼ 97.6%€12k▲ 1,264%€3k▼ 79.1%€33k▲ 1,175%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 368% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€913k▼ 3.5%
Current assets
€253k▼ 2.0%
Equity and liabilities €1.17M
Equity
€540k▲ 6.5%
Provisions
€25k=
Debt
€601k▼ 10.6%
The debt ratio falls from 55.9% to 51.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▲
2024 · €46k
Cash flow
€66k▲
2024 · €36k
Solvency
46.3%▲
2024 · 42.1%
Current ratio
2.56▲
2024 · 2.21
Quick ratio
2.56▲
2024 · 2.21
Debt / equity
1.11▼
2024 · 1.33
ROE
6.1%▲
2024 · 0.5%
ROA
2.8%▲
2024 · 0.2%
Interest coverage
9.54▲
2024 · 5.25
Debt
€601k▼
2024 · €673k
Debt ≤ 1 year
€99k▼
2024 · €117k
Debt > 1 year
€503k▼
2024 · €556k
Income taxes
€16k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.17M▼
Fixed assets21/28€947k€913k▼
Tangible fixed assets22/27€947k€913k▼
Land and buildings22€947k€913k▼
Current assets29/58€258k€253k▼
Amounts receivable within one year40/41€240k€240k=
Other amounts receivable41€240k€240k=
Cash at bank and in hand54/58€18k€13k▼
Deferred charges and accrued income490/1€318-
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.17M▼
Equity10/15€507k€540k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€21k€54k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€15k€48k▲
Profit (loss) carried forward14€424k€424k=
Provisions and deferred taxes16€25k€25k=
Provisions for liabilities and charges160/5€25k€25k=
Environmental obligations163€25k€25k=
Amounts payable17/49€673k€601k▼
Amounts payable after more than one year17€556k€503k▼
Financial debts170/4€556k€503k▼
Amounts payable within one year42/48€117k€99k▼
Current portion of amounts payable after more than one year42€57k€58k▲
Trade debts44€48k€11k▼
Suppliers440/4€48k€11k▼
Taxes, remuneration and social security45€3k€19k▲
Taxes450/3€3k€19k▲
Other amounts payable47/48€9k€12k▲
Accrued charges and deferred income492/3€538-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€34k▲
Other operating charges640/8€11k€12k▲
Gross operating margin9900€57k€105k▲
Operating profit (loss)9901€13k€59k▲
Financial income75/76B€47€2▼
Recurring financial income75€47€2▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€4k€49k▲
Income taxes67/77€1k€16k▲
Profit (loss) for the period9904€3k€33k▲
Profit (loss) for the period to be appropriated9905€3k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€426k€456k▲
Profit (loss) brought forward from the previous period14P€424k€424k=
Transfer to equity691/2€3k€33k▲
To other reserves6921€3k€33k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €504k ▲2.5%
6 profitable years in a row build equity to €504k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €903 ▼97.6%
Net result drops to €903, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €37k ▲69.9%
Operating result €62k, net result €37k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tienen · 1 establishment unit since 1995
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.
Menegaard 263300 TienenGround area
2,516 m²
Building footprint
1,107 m²
Volume, LiDAR
13,838 m³
Parcel 24593G0423/00H002, Flanders · tallest building 22.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LTC FINANCE MAATSCHAPPIJ VOOR ALTERNATIEVE PENSIOENVORMING
since 19952.072.041.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0423/00H002 | Flanders | 2,516 m² | 1 · 1,107 m² | 22.0 m · 5 fl. |
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.
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-05-1995
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.