Equity
LTF SOFTWARE has made a profit without a break since 2015.
In July 2024, 20,135 companies had the same profile as LTF SOFTWARE has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 20,135 companies, not a prediction for LTF SOFTWARE. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| LTF SOFTWARE Villers-la-Ville | €0.8m | €124,774 | 98.5% | - |
| MARTENS INFORMATION TECHNOLOGY SERVICES Liedekerke | €0.8m | €116,275 | 90.2% | - |
| GEOBE Tournai | €0.8m | €93,886 | 82.2% | 0 |
| IT4REAL Tubize | €0.5m | €113,725 | 62.3% | - |
| WALLOON TECHNOLOGY Theux | €0.8m | €129,975 | 68.5% | - |
| OBJECT SOLUTION Etterbeek | €0.8m | €122,771 | 74.4% | - |
| INSTELE Herstal | €1.0m | €146,654 | 26.4% | 1 |
These companies have the same main activity as LTF SOFTWARE: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €545,000 and €1m, founded between 1994 and 2001.
LTF SOFTWARE files the micro format. That format states no turnover. The gross margin rose from €36,833 in 2007 to €124,774 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €210,000 and €480,000.
Higher than 95% of 2,408 companies in 2025.
Higher than 95% of 2,296 companies in 2025.
Higher than 48% of 2,331 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
762,154 | 674,982 | 546,699 | 440,758 | 375,238 | 303,701 | 227,544 | 663,541 | 647,649 | 649,971 | 626,396 | 608,779 | 670,970 | 699,581 | 958,618 | 931,920 | 565,089 | 420,407 | 372,878 | |
21/28 |
6,738 | 5,092 | 8,915 | 12,016 | 8,507 | 23,101 | 33,569 | 51,715 | 70,296 | 11,838 | 21,827 | 31,820 | 44,981 | 32,177 | 11,709 | 7,195 | 5,138 | 12,846 | 19,932 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 666 | 1,333 | - | - | - | |
22/27 |
6,738 | 5,092 | 8,915 | 12,016 | 8,507 | 23,101 | 33,569 | 51,715 | 70,296 | 11,838 | 21,827 | 31,820 | 44,981 | 32,177 | 11,042 | 5,862 | 5,138 | 12,846 | 19,932 | |
23 |
4,518 | 1,312 | 1,479 | 1,474 | 488 | 976 | 1,624 | 3,174 | 4,724 | 8,544 | 11,562 | 12,713 | 15,870 | 2,800 | 3,200 | 3,600 | - | - | - | |
24 |
2,219 | 3,780 | 7,437 | 10,541 | 8,019 | 22,125 | 31,945 | 48,541 | 65,571 | 3,294 | 10,264 | 19,107 | 29,111 | 29,377 | 7,842 | 2,262 | 5,138 | 12,846 | 19,932 | |
29/58 |
755,416 | 669,890 | 537,783 | 428,742 | 366,731 | 280,599 | 193,975 | 611,826 | 577,354 | 638,133 | 604,569 | 576,958 | 625,988 | 667,405 | 946,909 | 924,725 | 559,952 | 407,561 | 352,946 | |
40/41 |
69,661 | 73,004 | 82,123 | 68,803 | 61,123 | 62,937 | 53,143 | 23,805 | 13,155 | 42,797 | 29,097 | 16,658 | 24,532 | 19,965 | 45,021 | 3,685 | 7,068 | 186,006 | 222,568 | |
40 |
54,436 | 73,004 | 73,707 | 68,803 | 54,912 | 57,450 | 50,010 | 18,454 | 306 | 41,125 | 24,349 | 1,665 | 1,437 | 172 | 258 | 454 | 382 | 6,006 | 7,090 | |
41 |
15,224 | 0 | 8,416 | 0 | 6,211 | 5,487 | 3,133 | 5,351 | 12,849 | 1,671 | 4,748 | 14,993 | 23,095 | 19,793 | 44,764 | 3,231 | 6,687 | 180,000 | 215,478 | |
50/53 |
535,000 | 439,226 | 233,163 | 243,163 | 100,163 | 100,163 | 75,163 | 85,163 | 492,285 | 572,034 | 560,662 | 547,905 | 580,404 | 604,231 | 896,406 | 889,000 | 551,000 | 219,000 | 127,000 | |
54/58 |
149,112 | 156,160 | 221,065 | 114,352 | 203,020 | 114,946 | 65,449 | 502,824 | 70,725 | 22,215 | 13,188 | 11,039 | 19,307 | 43,208 | 5,481 | 32,040 | 1,883 | 2,555 | 1,788 | |
490/1 |
1,643 | 1,501 | 1,432 | 2,423 | 2,424 | 2,553 | 219 | 33 | 1,188 | 1,088 | 1,622 | 1,356 | 1,746 | - | - | - | - | - | 1,590 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
762,154 | 674,982 | 546,699 | 440,758 | 375,238 | 303,701 | 227,544 | 663,541 | 647,649 | 649,971 | 626,396 | 608,779 | 670,970 | 699,581 | 958,618 | 931,920 | 565,089 | 420,407 | 372,878 | |
10/15 |
750,608 | 655,397 | 528,460 | 417,572 | 340,376 | 269,507 | 191,152 | 131,587 | 641,376 | 630,970 | 624,300 | 607,384 | 667,162 | 652,716 | 637,510 | 696,387 | 516,942 | 389,279 | 349,800 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 0 | 12,400 | 12,400 | 538,400 | 538,400 | 538,400 | 538,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | 0 | 20,000 | 20,000 | 546,000 | 546,000 | 546,000 | 546,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | 0 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | 7,600 | |
11 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
737,776 | 642,565 | 515,628 | 404,740 | 327,544 | 256,675 | 178,320 | 118,755 | 102,544 | 92,138 | 72,357 | 55,440 | 55,440 | 55,440 | 55,440 | 55,440 | 55,440 | 55,440 | 55,440 | |
130/1 |
0 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 0 | 2,000 | 2,000 | 5,956 | 5,436 | 5,103 | 4,190 | 4,190 | 4,190 | 4,190 | 4,190 | 4,190 | 4,190 | 4,190 | |
1311 |
0 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | 0 | 44,825 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | 51,250 | |
133 |
737,776 | 640,565 | 513,628 | 402,740 | 280,718 | 203,425 | 125,070 | 65,505 | 45,337 | 35,452 | 16,004 | - | - | - | - | - | - | - | - | |
14 |
432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 432 | 13,544 | 13,544 | 599,322 | 584,877 | 569,670 | 628,547 | 449,102 | 321,439 | 281,960 | |
17/49 |
11,545 | 19,585 | 18,238 | 23,186 | 34,862 | 34,193 | 36,392 | 531,954 | 6,273 | 19,000 | 2,095 | 1,395 | 3,808 | 46,865 | 321,108 | 235,533 | 48,147 | 31,129 | 23,078 | |
42/48 |
11,545 | 19,585 | 18,238 | 23,186 | 34,862 | 33,846 | 36,392 | 531,954 | 5,883 | 19,000 | 2,095 | 1,395 | 3,312 | 9,365 | 283,608 | 198,033 | 48,147 | 30,625 | 23,078 | |
44 |
854 | 730 | 898 | 348 | 455 | 1,005 | 460 | - | 265 | 61 | 137 | 127 | 2,310 | 1,712 | 42,098 | 785 | 10,799 | 851 | 17,551 | |
440/4 |
854 | 730 | 898 | 348 | 455 | 1,005 | 460 | - | 265 | 61 | 137 | 127 | 2,310 | 1,712 | 42,098 | 785 | 10,799 | 851 | 17,551 | |
45 |
8,619 | 17,394 | 15,127 | 20,707 | 9,575 | 7,841 | 10,933 | 7,717 | 339 | 4,998 | 1,692 | - | 300 | 300 | 300 | 75,000 | 13,903 | 5,787 | 3,100 | |
450/3 |
8,619 | 17,394 | 15,127 | 20,707 | 9,575 | 7,841 | 10,933 | 2,217 | 339 | 4,998 | 1,692 | - | 300 | 300 | 300 | 75,000 | 13,903 | 5,787 | 3,100 | |
454/9 |
- | - | - | - | - | - | - | 5,500 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
2,072 | 1,461 | 2,214 | 2,131 | 24,832 | 25,000 | 25,000 | 524,237 | 5,279 | 13,942 | 267 | 1,268 | 702 | 7,353 | 241,210 | 122,248 | 23,446 | 23,987 | 2,427 | |
492/3 |
- | - | - | - | 0 | 348 | - | - | 390 | - | - | - | 496 | 37,500 | 37,500 | 37,500 | - | 503 | - | |
| Income statement | ||||||||||||||||||||
9900 |
124,774 | 181,498 | 163,174 | 128,464 | 147,607 | 155,291 | 127,721 | 41,477 | 34,676 | 11,921 | 25,776 | 4,544 | 16,393 | 4,982 | 242,217 | 451,462 | 203,287 | 74,228 | 36,833 | |
630 |
3,447 | 5,252 | 4,537 | 6,129 | 21,019 | 19,704 | 18,146 | 18,580 | 22,138 | 12,093 | 14,380 | 14,080 | 13,967 | 9,387 | 3,686 | 6,430 | 8,723 | 16,187 | 25,048 | |
640/8 |
1,266 | 1,250 | 1,120 | 1,084 | 1,077 | 675 | 1,063 | 1,050 | 5,994 | 617 | 1,136 | 1,135 | 1,417 | 1,427 | 1,066 | 1,040 | 1,036 | 1,007 | 1,265 | |
9901 |
120,061 | 174,996 | 157,517 | 121,251 | 125,511 | 134,912 | 108,513 | 21,847 | 6,544 | -789 | 10,261 | -10,672 | 1,009 | -5,832 | 237,466 | 443,992 | 193,528 | 57,034 | 10,520 | |
75/76B |
14,272 | 5,803 | - | - | 0 | 235 | 219 | 2,445 | 7,007 | 9,804 | 7,003 | 11,033 | 13,580 | 21,345 | 18,146 | 6,486 | 8,439 | 12,259 | 13,001 | |
75 |
14,272 | 5,803 | - | - | 0 | 235 | 219 | 2,445 | 7,007 | 9,804 | 7,003 | 11,033 | 13,580 | 21,345 | 18,146 | 6,486 | 8,439 | 12,259 | 13,001 | |
65/66B |
60 | 45 | 45 | 46 | 54 | 55 | 107 | 207 | 276 | 44 | 47 | 163 | 68 | 191 | 55 | 61 | 61 | 64 | 143 | |
65 |
60 | 45 | 45 | 46 | 54 | 55 | 107 | 207 | 276 | 44 | 47 | 163 | 68 | 191 | 55 | 61 | 61 | 64 | 143 | |
9903 |
134,272 | 180,754 | 157,472 | 121,205 | 125,457 | 135,092 | 108,624 | 24,085 | 13,275 | 8,972 | 17,217 | 198 | 14,521 | 15,322 | 255,557 | 450,417 | 201,906 | 69,229 | 23,378 | |
67/77 |
39,061 | 53,817 | 46,584 | 44,008 | 28,789 | 31,736 | 24,060 | 7,873 | 2,869 | 2,302 | 300 | 1,532 | 76 | 115 | 78,434 | 150,972 | 54,443 | 9,950 | 3,572 | |
9904 |
95,211 | 126,937 | 110,888 | 77,196 | 96,669 | 103,356 | 84,565 | 16,211 | 10,406 | 6,670 | 16,917 | -1,334 | 14,445 | 15,207 | 177,123 | 299,445 | 147,463 | 59,279 | 19,806 | |
789 |
- | - | 0 | 44,825 | 6,425 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
95,211 | 126,937 | 110,888 | 122,022 | 103,093 | 103,356 | 84,565 | 16,211 | 10,406 | 6,670 | 16,917 | -1,334 | 14,445 | 15,207 | 177,123 | 299,445 | 147,463 | 59,279 | 19,806 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
95,643 | 127,370 | 111,320 | 122,454 | 103,525 | 103,788 | 84,997 | 16,644 | 10,838 | 20,214 | 30,461 | 597,988 | 599,322 | 584,877 | 805,670 | 748,547 | 468,902 | 341,239 | 281,960 | |
14P |
432 | 432 | 432 | 432 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
95,211 | 126,937 | 110,888 | 122,022 | 77,293 | 78,356 | 59,565 | 16,211 | 10,406 | 19,782 | 16,917 | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 520 | 333 | 913 | - | - | - | - | - | - | - | - | |
6921 |
95,211 | 126,937 | 110,888 | 122,022 | 77,293 | 78,356 | 59,565 | 16,211 | 9,885 | 19,448 | 16,004 | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | 0 | 25,800 | 25,000 | 25,000 | - | - | - | - | 584,444 | - | - | 236,000 | 120,000 | 19,800 | 19,800 | - | |
694 |
- | - | - | 0 | 800 | - | - | - | - | - | - | 584,444 | - | - | 236,000 | 120,000 | - | - | - | |
695 |
- | - | - | 0 | 25,000 | 25,000 | 25,000 | - | - | - | - | - | - | - | - | - | 19,800 | 19,800 | - | |
| Document | ||||||||||||||||||||
The accounts for 6 older financial years (2001-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 09-12-2025 | 2025-00579884 | |
| 30-06-2024 | micro format | 05-12-2024 | 2024-00610253 | |
| 30-06-2023 | micro format | 04-12-2023 | 2023-00520987 | |
| 30-06-2022 | micro format | 15-12-2022 | 2022-20538941 | |
| 30-06-2021 | micro format | 19-01-2022 | 2022-01200287 | |
| 30-06-2020 | micro format | 18-12-2020 | 2020-76100497 | |
| 30-06-2019 | micro format | 08-01-2020 | 2020-00800121 | |
| 30-06-2018 | micro format | 19-12-2018 | 2018-75000289 | |
| 30-06-2017 | micro format | 20-12-2017 | 2017-72600094 | |
| 30-06-2016 | full format | 13-12-2016 | 2016-70300480 | |
| 30-06-2015 | full format | 18-12-2015 | 2015-69500366 | |
| 30-06-2014 | full format | 12-12-2014 | 2014-69300295 | |
| 30-06-2013 | full format | 16-12-2013 | 2013-69300252 | |
| 30-06-2012 | full format | 14-12-2012 | 2012-66400545 | |
| 30-06-2011 | full format | 12-12-2011 | 2011-63400223 | |
| 30-06-2010 | full format | 17-12-2010 | 2010-63500460 | |
| 30-06-2009 | full format | 11-12-2009 | 2009-88600228 | |
| 30-06-2008 | full format | 09-12-2008 | 2008-84800281 | |
| 30-06-2007 | full format | 17-12-2007 | 2007-83600097 | |
| 30-06-2006 | full format | 07-12-2006 | 2006-89802203 | |
| 30-06-2005 | full format | 30-11-2005 | 2005-87702978 | |
| 30-06-2004 | full format | 14-12-2004 | 2004-85200615 | |
| 30-06-2003 | full format | 07-01-2004 | 2004-00304734 | |
| 30-06-2002 | full format | 04-12-2002 | 2002-75003350 | |
| 30-06-2001 | full format | 25-03-2002 | 2002-07405138 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 123,508 | 180,248 | 162,054 | 127,379 | 146,530 | 154,616 | 126,659 | 40,428 | 28,682 | 11,304 | 24,640 | 3,409 | 14,976 | 3,555 | 241,152 | 450,422 | 202,251 | 73,221 | 35,568 | ||
| 98,658 | 132,189 | 115,425 | 83,325 | 117,687 | 123,060 | 102,711 | 34,792 | 32,544 | 18,763 | 31,297 | 12,747 | 28,412 | 24,593 | 180,809 | 305,875 | 156,186 | 75,466 | 44,854 | ||
| 5,093 | 1,429 | 1,437 | 9,637 | 6,425 | 9,236 | 0 | 0 | 80,596 | 2,104 | 4,386 | 919 | 26,771 | 29,855 | 8,199 | 8,487 | 1,015 | 9,101 | 5,708 | ||
| -7,047 | -64,905 | 106,712 | -88,668 | 88,074 | 49,497 | -437,375 | 432,099 | 48,510 | 9,027 | 2,149 | -8,268 | -23,902 | 37,727 | -26,559 | 30,157 | -671 | 767 | - | ||
| 743,871 | 650,305 | 519,545 | 405,556 | 331,869 | 246,754 | 157,583 | 79,872 | 571,470 | 619,133 | 602,474 | 575,564 | 622,676 | 658,040 | 663,301 | 726,692 | 511,804 | 376,936 | 329,868 | ||
| 98.5% | 97.1% | 96.7% | 94.7% | 90.7% | 88.7% | 84.0% | 19.8% | 99.0% | 97.1% | 99.7% | 99.8% | 99.4% | 93.3% | 66.5% | 74.7% | 91.5% | 92.6% | 93.8% | ||
| 65.43 | 34.20 | 29.49 | 18.49 | 10.52 | 8.29 | 5.33 | 1.15 | 98.13 | 33.59 | - | - | - | 71.27 | 3.34 | 4.67 | 11.63 | 13.31 | 15.29 | ||
| 0.02 | 0.03 | 0.03 | 0.06 | 0.10 | 0.13 | 0.19 | 4.04 | 0.01 | 0.03 | 0.00 | 0.00 | 0.01 | 0.07 | 0.50 | 0.34 | 0.09 | 0.08 | 0.07 | ||
| 12.7% | 19.4% | 21.0% | 18.5% | 28.4% | 38.3% | 44.2% | 12.3% | 1.6% | 1.1% | 2.7% | -0.2% | 2.2% | 2.3% | 27.8% | 43.0% | 28.5% | 15.2% | 5.7% | ||
| 12.5% | 18.8% | 20.3% | 17.5% | 25.8% | 34.0% | 37.2% | 2.4% | 1.6% | 1.0% | 2.7% | -0.2% | 2.2% | 2.2% | 18.5% | 32.1% | 26.1% | 14.1% | 5.3% | ||
| over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €5,093 | €1,429 | €1,437 | €9,637 |
| €3,447 | €5,252 | €4,537 | €6,129 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 31% lower than in 2024 and the lowest since 2019.
Debt's share of the balance-sheet total falls from 2.9% to 1.5%. Equity is higher and debt is lower.
LTF SOFTWARE has no parent and no holdings in its annual accounts. is the only director. LTF SOFTWARE shares no director with another company.
| ImmoHH
establishment since 08-05-2007 · founded in 2007 |
total assets €83,597 (2025) 0886.207.935 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| LTF SOFTWARE SPRL registered office Avenue Pont des Prêcheurs 11, 1495 Villers-la-Ville | 26-05-2000 | 2.096.554.535 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25102B0106/00P002 | 1,739 m² | 1 · 191 m² | 6.8 m · 1 |
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