LTD Services
ActiveSummary
LTD Services has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,930 and a net result of €15,018. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 1917 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+82
Solvency100=
Growth72▲+50
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
short-term debt: 0.4% and cash: 3.1% of total assets, and 0.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
99.6%
Return on assets
14.7%
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d early
2023
30 d late
2022
16 d early
2021
32 d early
2020
7 d early
2019
30 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 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€42,497▲ 4,150%
2023 · €1,000
EBIT margin
36.1%▲ 1838.0pp
2023 · -1801.9%
Net result
€15,018
2024 · -€7,143
Working capital
€92,380▲ 18.7%
2024 · €77,848
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€10,000€1,000▼ 90.0%€42,497
Operating result€4,604▲ 426%€7,312▲ 58.8%-€18,019-€6,816▲ 62.2%€15,347
Net result€3,141within the sector's middle half€5,505within the sector's middle half▲ 75.2%-€18,672below the sector's middle half-€7,143below the sector's middle half▲ 61.7%€15,018within the sector's middle half
EBIT margin73.1%-1801.9%▼ 1875.1pp36.1%
Equity€107,223within the sector's middle half▲ 3.0%€112,728within the sector's middle half▲ 5.1%€94,056within the sector's middle half▼ 16.6%€86,912within the sector's middle half▼ 7.6%€101,930within the sector's middle half▲ 17.3%
Total assets€146,484within the sector's middle half▼ 7.6%€118,399within the sector's middle half▼ 19.2%€97,947within the sector's middle half▼ 17.3%€88,540within the sector's middle half▼ 9.6%€102,320within the sector's middle half▲ 15.6%
Debt€39,262▼ 27.9%€5,671▼ 85.6%€3,891▼ 31.4%€1,628▼ 58.2%€390▼ 76.0%
Working capital€54,642within the sector's middle half▲ 6.3%€84,327within the sector's middle half▲ 54.3%€67,651within the sector's middle half▼ 19.8%€77,848within the sector's middle half▲ 15.1%€92,380within the sector's middle half▲ 18.7%
Solvency73.2%above the sector's middle half▲ 7.6pp95.2%above the sector's middle half▲ 22.0pp96.0%above the sector's middle half▲ 0.8pp98.2%above the sector's middle half▲ 2.1pp99.6%above the sector's middle half▲ 1.5pp
Current ratio4.10above the sector's middle half▲ 0.5915.87above the sector's middle half▲ 11.7718.39above the sector's middle half▲ 2.5248.83above the sector's middle half▲ 30.44
Return on assets (ROA)2.1%within the sector's middle half▲ 2.8pp4.6%within the sector's middle half▲ 2.5pp-19.1%below the sector's middle half▼ 23.7pp-8.1%below the sector's middle half▲ 11.0pp14.7%within the sector's middle half▲ 22.7pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,347 after a loss of €6,816 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,320
Fixed assets
€9,550 ▲ 5.4%
Current assets
€92,770 ▲ 16.7%
Equity and liabilities €102,320
Equity
€101,930 ▲ 17.3%
Debt
€390 ▼ 76.0%
Debt's share of the balance-sheet total falls from 1.8% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,847▲
2024 · -€6,190
Cash flow
€15,517▲
2024 · -€6,517
Debt to equity
0.00▼
2024 · 0.02
ROE
14.7%▲
2024 · -8.2%
Interest coverage
48.12▲
2024 · -18.93
Debt ≤ 1 year
€390▼
2024 · €1,628
A ratio outside any meaningful range has been withheld (balance sheet total €102,320, equity €101,930).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 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 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €10,000 | €1,000 | - | €42,497 | - |
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €23,689 | €11,538 | - | €28,308 | - |
| Remuneration, social security and pensions62 | - | €19 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,757 | €2,282 | €1,995 | €626 | €499 | ▼ 20.2% |
| Other operating charges640/8 | - | €387 | €7,290 | €2,239 | €558 | ▼ 75.1% |
| Gross operating margin9900 | €15,941 | €10,000 | -€8,734 | -€3,951 | €16,405 | ▲ 515% |
| Operating profit (loss)9901 | €4,604 | €7,312 | -€18,019 | -€6,816 | €15,347 | ▲ 325% |
| Financial income75/76B | - | €24 | €23 | - | - | - |
| Recurring financial income75 | €303 | €24 | €23 | - | - | - |
| Financial charges65/66B | - | €1,832 | €676 | €327 | €329 | ▲ 0.7% |
| Recurring financial charges65 | €1,766 | €1,832 | €676 | €327 | €329 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €3,141 | €5,505 | -€18,672 | -€7,143 | €15,018 | ▲ 310% |
| Profit (loss) for the period9904 | €3,141 | €5,505 | -€18,672 | -€7,143 | €15,018 | ▲ 310% |
| Profit (loss) for the period to be appropriated9905 | €3,141 | €5,505 | -€18,672 | -€7,143 | €15,018 | ▲ 310% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,484 | €118,399 | €97,947 | €88,540 | €102,320 | ▲ 15.6% |
| Fixed assets21/28 | €74,200 | €28,400 | €26,405 | €9,064 | €9,550 | ▲ 5.4% |
| Tangible fixed assets22/27 | €72,700 | €26,900 | €24,905 | €7,564 | €8,050 | ▲ 6.4% |
| Plant, machinery and equipment23 | - | €4,730 | €2,889 | €564 | €1,050 | ▲ 86.3% |
| Furniture and vehicles24 | - | €22,170 | €22,016 | €7,000 | €7,000 | = |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €72,285 | €89,999 | €71,542 | €79,476 | €92,770 | ▲ 16.7% |
| Stocks and contracts in progress3 | €750 | €750 | €750 | €750 | €750 | = |
| Stocks30/36 | - | €750 | €750 | €750 | €750 | = |
| Amounts receivable within one year40/41 | €69,624 | €64,595 | €69,472 | €76,881 | €88,807 | ▲ 15.5% |
| Trade receivables40 | - | €42,898 | €31,778 | €33,948 | €37,380 | ▲ 10.1% |
| Other amounts receivable41 | - | €21,697 | €37,693 | €42,933 | €51,426 | ▲ 19.8% |
| Cash at bank and in hand54/58 | €919 | €24,653 | €1,320 | €1,762 | €3,124 | ▲ 77.2% |
| Deferred charges and accrued income490/1 | - | €0 | - | €82 | €90 | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,484 | €118,399 | €97,947 | €88,540 | €102,320 | ▲ 15.6% |
| Equity10/15 | €107,223 | €112,728 | €94,056 | €86,912 | €101,930 | ▲ 17.3% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | €18,592 | €18,592 | €18,592 | - | - |
| Other1109/19 | - | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €88,946 | €91,859 | €91,859 | €91,859 | €91,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Profit (loss) carried forward14 | -€315 | €2,276 | -€16,396 | -€23,539 | -€8,521 | ▲ 63.8% |
| Amounts payable17/49 | €39,262 | €5,671 | €3,891 | €1,628 | €390 | ▼ 76.0% |
| Amounts payable after more than one year17 | €21,619 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €17,643 | €5,671 | €3,891 | €1,628 | €390 | ▼ 76.0% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €1,442 | €1,825 | €2,780 | €1,460 | €236 | ▼ 83.9% |
| Suppliers440/4 | - | €1,825 | €2,780 | €1,460 | €236 | ▼ 83.9% |
| Taxes, remuneration and social security45 | - | €3,847 | €0 | €167 | €154 | ▼ 7.8% |
| Taxes450/3 | - | €3,847 | €0 | €167 | €154 | ▼ 7.8% |
| Other amounts payable47/48 | - | €0 | €1,111 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,141 | €5,505 | -€18,672 | -€7,143 | €15,018 | ▲ 310% |
| + Depreciation and write-downs630 | €10,757 | €2,282 | €1,995 | €626 | €499 | ▼ 20.2% |
| Operating cash flow (approximation) | €13,898 | €7,787 | -€16,677 | -€6,517 | €15,517 | ▲ 338% |
| Investment in fixed assets (approximation) | - | €43,518 | €0 | €16,715 | -€986 | ▼ 106% |
| Change in cash | - | €23,735 | -€23,333 | €442 | €1,361 | ▲ 208% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €15,018
Net result €15,018 after 2 loss-making years.
30-09
Financial
Liquidity times 5current ratio 237.81
Current ratio from 48.83 to 237.81; short-term debt falls from €1,628 to €390.
30-09
Financial
Equity above €100,000Eq €101,930 ▲17.3%
Equity rises from €86,912 to €101,930.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 48.83
Current ratio from 18.39 to 48.83; short-term debt falls from €3,891 to €1,628.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Weakest financial yearnet -€18,672
Net result drops to -€18,672, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity quadruplescurrent ratio 15.87
Current ratio from 4.10 to 15.87; short-term debt falls from €17,643 to €5,671.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €3,141
Net result €3,141 after 2 loss-making years.
Show earlier events
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Hamois · 1 establishment unit since 2001
Ground area
758 m²
Building footprint
388 m²
Parcel 91039D0285/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Marche, Emptinne 54, 5363 Hamois
since 20012.048.116.594
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91039D0285/00G000 | Wallonia | 757 m² | 1 · 387 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.
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Of 980 companies in sector 25401 we hold annual accounts for 407. 323 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 (pre-2019)
Founded18-01-1990
Fiscal year end30-09
Activities, NACEBEL 2025
25401Forging of metal
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440019417
Also
9925:BE0440019417
Registered
17-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.