Equity
€539,603 ▲ 6.5%
LTC FINANCE has made a profit without a break since 2016.
LTC FINANCE
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1996peak €303,264 (2012)
€104,838▲ 83.6%
lowest -€56,094 (2008)
€32,919▲ 13×
peak €539,603 (2025)
€539,603▲ 6.5%
€601,491▼ 10.6%
peak 3.6 FTE (2012)
-not published
Board2 names since 1995
1 directorSTOUTHUYZEN Ludovicus
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Gross margin from €57,111 to €104,838Result from €2,581 to €32,919
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 61% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.56, cash €12,893
lowers risk
Size: total assets €1.2m
Figures for financial year 2025 (filed on 14-07-2026)
Founded in 1995
Calculation
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 68, micro). It does better than 62% of them on solvency, 57% on liquidity, 64% on profitability and 61% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as LTC FINANCE has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LTC FINANCE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for LTC FINANCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.56 (2.21 in 2024), above the usual 1.5. Short-term debt is 8.5% and cash 1.1% of total assets. However, 53.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
50 days early
2023
1 day early
2022
3 days early
2021
4 days early
2020
30 days late
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Amendment of the articles · Resignations & appointments
Change of role: STOUTHUYZEN Ludovicus, from director to sole director · Resignation: STOUTHUYZEN Jonas (director) · Legal-form conversion: from private limited company (pre-2019) to public limited company · Gazette deed
First establishment
LTC FINANCE MAATSCHAPPIJ VOOR ALTERNATIEVE PENSIOENVORMING, Menegaard 26, Tienen
Incorporation
published on 29-06-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LTC FINANCE Tienen | €1.2m | €104,838 | 46.3% | - |
| AMELOU Knokke-Heist | €1.2m | €109,036 | 34.2% | - |
| ESTATE TODAY Koksijde | €1.1m | €98,046 | 59.9% | - |
| ARNOULD MANAGEMENT Ottignies-Louvain-la-Neuve | €1.0m | €96,217 | 44.9% | - |
| AGENCE DEJAEGHER Kortrijk | €1.2m | €90,701 | 90.7% | - |
| BLANCQUAERT HOME CONSULTING Oosterzele | €1.1m | €90,886 | 50.5% | 1 |
| QUADRATUM Ghent | €1.2m | €87,741 | 26.1% | - |
These companies have the same main activity as LTC FINANCE: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1m and €1.2m, founded between 1994 and 1996.
Official details
Source: KBO- Status
- Active since 24-05-1995Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.072.041.7443300 Tienen, since 20-06-1995
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.2m▼ 3.2%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on LTC FINANCE
LTC FINANCE files the abbreviated format. That format states no turnover. The gross margin rose from €50,679 in 2008 to €104,838 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LTC FINANCE
- What is the company number of LTC FINANCE?
- The company number of LTC FINANCE is 0455.273.161. The VAT number is the same number with BE in front: BE 0455.273.161.
- Where is LTC FINANCE based?
- The registered office is at Menegaard 26, 3300 Tienen.Company details
- What does LTC FINANCE do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of LTC FINANCE?
- LTC FINANCE is a public limited company (NV).
- When was LTC FINANCE founded?
- LTC FINANCE was founded on 24-05-1995.
- Is LTC FINANCE still active?
- Yes, LTC FINANCE is an active enterprise in the KBO register.
- What is the turnover of LTC FINANCE?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €104,838 and 31 comparable companies (NACE 68310). It probably lies between €150,000 and €280,000.Financials
- Is LTC FINANCE profitable?
- In financial year 2025, LTC FINANCE made a profit of €32,919.
- Where can I find the annual accounts of LTC FINANCE?
- LTC FINANCE filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LTC FINANCE due?
- LTC FINANCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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