LTHI
ActiveSummary
The computed 12-month bankruptcy probability of LTHI is 1.7% (moderate). The 2025 annual accounts show equity of €417,798 and a net result of €63,153. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 5048 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-4
Solvency87▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.68 against 2.21 in 2024; short-term debt: 30.3% and cash: 3% of total assets), and 38.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
61.8%
Return on assets
9.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 18-02-2026, 163 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
163 d early
2024
94 d early
2023
6 d early
2022
39 d early
2021
6 d early
2020
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 22 June (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€63,153▼ 16.4%
2024 · €75,564
Working capital
€344,146▲ 30.6%
2024 · €263,482
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Operating result€107,854▼ 17.5%€19,845▼ 81.6%-€29,159€97,707€99,124▲ 1.4%
Net result€84,970within the sector's middle half▲ 2.0%€2,198below the sector's middle half▼ 97.4%-€41,368below the sector's middle half€75,564within the sector's middle half€63,153within the sector's middle half▼ 16.4%
Equity€318,250within the sector's middle half▲ 36.4%€320,448within the sector's middle half▲ 0.7%€279,080within the sector's middle half▼ 12.9%€354,644within the sector's middle half▲ 27.1%€417,798below the sector's middle half▲ 17.8%
Total assets€588,408within the sector's middle half▲ 51.3%€623,238within the sector's middle half▲ 5.9%€593,398below the sector's middle half▼ 4.8%€630,336below the sector's middle half▲ 6.2%€676,437below the sector's middle half▲ 7.3%
Debt€270,158▲ 73.5%€302,790▲ 12.1%€314,318▲ 3.8%€275,691▼ 12.3%€258,639▼ 6.2%
Working capital€221,504within the sector's middle half▼ 10.1%€211,733within the sector's middle half▼ 4.4%€172,822within the sector's middle half▼ 18.4%€263,482within the sector's middle half▲ 52.5%€344,146within the sector's middle half▲ 30.6%
Solvency54.1%within the sector's middle half▼ 5.9pp51.4%within the sector's middle half▼ 2.7pp47.0%within the sector's middle half▼ 4.4pp56.3%within the sector's middle half▲ 9.2pp61.8%within the sector's middle half▲ 5.5pp
Current ratio2.40within the sector's middle half▼ 1.371.98within the sector's middle half▼ 0.421.69within the sector's middle half▼ 0.292.21within the sector's middle half▲ 0.522.68within the sector's middle half▲ 0.47
Return on assets (ROA)14.4%above the sector's middle half▼ 7.0pp0.4%below the sector's middle half▼ 14.1pp-7.0%below the sector's middle half▼ 7.3pp12.0%above the sector's middle half▲ 19.0pp9.3%above the sector's middle half▼ 2.7pp
Staff (FTE)3.4within the sector's middle half▲ 25.9%4.1within the sector's middle half▲ 20.6%3.7within the sector's middle half▼ 9.8%3.8within the sector's middle half▲ 2.7%5within the sector's middle half▲ 31.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €676,437
Fixed assets
€127,305 ▼ 14.3%
Current assets
€549,133 ▲ 14.0%
Equity and liabilities €676,437
Equity
€417,798 ▲ 17.8%
Debt
€258,639 ▼ 6.2%
Debt's share of the balance-sheet total falls from 43.7% to 38.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124,740▲
2024 · €117,420
Cash flow
€88,770▼
2024 · €95,277
Quick ratio
0.76▲
2024 · 0.39
Debt to equity
0.62▼
2024 · 0.78
ROE
15.1%▼
2024 · 21.3%
Interest coverage
6.97▼
2024 · 10.21
Debt ≤ 1 year
€204,987▼
2024 · €218,319
Debt > 1 year
€50,000▼
2024 · €52,976
Income taxes
€23,357▲
2024 · €10,780
Staff costs
€260,862▲
2024 · €195,483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €26 | €36,691 | ▲ 142,444% |
| Remuneration, social security and pensions62 | €143,795 | €199,819 | €185,225 | €195,483 | €260,862 | ▲ 33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,289 | €26,534 | €24,945 | €19,713 | €25,617 | ▲ 29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €513 | €0 | -€513 | €3,420 | ▲ 766% |
| Other operating charges640/8 | €2,718 | €3,067 | €2,917 | €1,938 | €3,055 | ▲ 57.6% |
| Non-recurring operating charges66A | - | - | - | €16,533 | €0 | ▼ 100% |
| Gross operating margin9900 | €275,657 | €249,778 | €183,928 | €330,861 | €392,077 | ▲ 18.5% |
| Operating profit (loss)9901 | €107,854 | €19,845 | -€29,159 | €97,707 | €99,124 | ▲ 1.4% |
| Financial income75/76B | €20 | €1,924 | €1,316 | €140 | €5,276 | ▲ 3,662% |
| Recurring financial income75 | €20 | €1,924 | €1,316 | €140 | €5,276 | ▲ 3,662% |
| Financial charges65/66B | €11,025 | €16,825 | €13,196 | €11,504 | €17,889 | ▲ 55.5% |
| Recurring financial charges65 | €11,025 | €16,825 | €13,196 | €11,504 | €17,889 | ▲ 55.5% |
| Profit (loss) for the period before taxes9903 | €96,850 | €4,943 | -€41,039 | €86,344 | €86,510 | ▲ 0.2% |
| Income taxes67/77 | €11,879 | €2,745 | €329 | €10,780 | €23,357 | ▲ 117% |
| Profit (loss) for the period9904 | €84,970 | €2,198 | -€41,368 | €75,564 | €63,153 | ▼ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €84,970 | €2,198 | -€41,368 | €75,564 | €63,153 | ▼ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €588,408 | €623,238 | €593,398 | €630,336 | €676,437 | ▲ 7.3% |
| Fixed assets21/28 | €208,264 | €194,648 | €169,787 | €148,534 | €127,305 | ▼ 14.3% |
| Intangible fixed assets21 | €27,531 | €22,389 | €17,247 | €6,136 | €6,665 | ▲ 8.6% |
| Tangible fixed assets22/27 | €150,224 | €137,879 | €118,077 | €107,816 | €89,926 | ▼ 16.6% |
| Plant, machinery and equipment23 | €676 | €390 | €104 | €8,538 | €8,485 | ▼ 0.6% |
| Furniture and vehicles24 | €16,472 | €10,340 | €6,263 | €3,007 | €611 | ▼ 79.7% |
| Other tangible fixed assets26 | €133,076 | €127,149 | €111,710 | €96,270 | €80,831 | ▼ 16.0% |
| Financial fixed assets28 | €30,510 | €34,380 | €34,464 | €34,583 | €30,713 | ▼ 11.2% |
| Current assets29/58 | €380,144 | €428,590 | €423,611 | €481,801 | €549,133 | ▲ 14.0% |
| Stocks and contracts in progress3 | €311,087 | €324,218 | €307,832 | €397,359 | €393,554 | ▼ 1.0% |
| Stocks30/36 | €311,087 | €324,218 | €307,832 | €397,359 | €393,554 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €56,203 | €49,678 | €74,664 | €51,225 | €102,616 | ▲ 100% |
| Trade receivables40 | €50,992 | €40,892 | €55,598 | €49,051 | €85,973 | ▲ 75.3% |
| Other amounts receivable41 | €5,212 | €8,787 | €19,066 | €2,174 | €16,643 | ▲ 665% |
| Cash at bank and in hand54/58 | €6,042 | €19,502 | €9,379 | €1,982 | €20,088 | ▲ 914% |
| Deferred charges and accrued income490/1 | €6,812 | €35,191 | €31,736 | €31,235 | €32,875 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €588,408 | €623,238 | €593,398 | €630,336 | €676,437 | ▲ 7.3% |
| Equity10/15 | €318,250 | €320,448 | €279,080 | €354,644 | €417,798 | ▲ 17.8% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €168,250 | €170,448 | €129,080 | €204,644 | €267,798 | ▲ 30.9% |
| Distributable reserves133 | €168,250 | €170,448 | €129,080 | €204,644 | €267,798 | ▲ 30.9% |
| Amounts payable17/49 | €270,158 | €302,790 | €314,318 | €275,691 | €258,639 | ▼ 6.2% |
| Amounts payable after more than one year17 | €108,948 | €83,898 | €60,563 | €52,976 | €50,000 | ▼ 5.6% |
| Financial debts170/4 | €108,948 | €83,898 | €60,563 | €52,976 | €50,000 | ▼ 5.6% |
| Amounts payable within one year42/48 | €158,640 | €216,857 | €250,788 | €218,319 | €204,987 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | €24,735 | €25,050 | €27,507 | €8,528 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €13,438 | - |
| Credit institutions430/8 | - | - | - | - | €13,438 | - |
| Trade debts44 | €82,781 | €113,604 | €166,589 | €149,205 | €117,901 | ▼ 21.0% |
| Suppliers440/4 | €82,781 | €113,604 | €166,589 | €149,205 | €117,901 | ▼ 21.0% |
| Advances received on contracts in progress46 | - | - | €1,759 | €0 | - | - |
| Taxes, remuneration and social security45 | €51,124 | €57,164 | €54,933 | €60,586 | €73,648 | ▲ 21.6% |
| Taxes450/3 | €22,324 | €17,971 | €21,208 | €20,251 | €20,795 | ▲ 2.7% |
| Remuneration and social security454/9 | €28,800 | €39,193 | €33,725 | €40,335 | €52,852 | ▲ 31.0% |
| Other amounts payable47/48 | - | €21,039 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €2,570 | €2,035 | €2,966 | €4,396 | €3,653 | ▼ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,970 | €2,198 | -€41,368 | €75,564 | €63,153 | ▼ 16.4% |
| + Depreciation and write-downs630 | €21,289 | €26,534 | €24,945 | €19,713 | €25,617 | ▲ 29.9% |
| Operating cash flow (approximation) | €106,259 | €28,732 | -€16,423 | €95,277 | €88,770 | ▼ 6.8% |
| Investment in fixed assets (approximation) | - | -€12,918 | -€84 | €1,540 | -€4,387 | ▼ 385% |
| Change in cash | - | €13,460 | -€10,124 | -€7,397 | €18,106 | ▲ 345% |
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
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €75,564
Net result €75,564 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€41,368
Net result drops to -€41,368, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €84,970 ▲2%
Net result €84,970, the highest in the series.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Charleroi · 2 establishment units since 2019
Ground area
1,792 m²
Building footprint
1,612 m²
Volume, LiDAR
8,074 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Messaline
since 20192.290.905.913
Chaussée de Redemont(PAU) 21, 7100 La Louvière
since 20212.316.696.827
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0393/00T004 | Wallonia | 1,115 m² | 1 · 1,134 m² | 5.9 m · 2 fl. |
| 56033A0113/00R003 | Wallonia | 677 m² | 1 · 478 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 798 companies in sector 46450 we hold annual accounts for 453. 300 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
Founded08-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
47120Other non-specialised retail sale
Contact
E-mail
laurence.quinaux@messaline.be
Phone
+32476333800
Phone
+3271358985
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729895603
Also
9925:BE0729895603
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.