LTS BENELUX
InactiveLTS BENELUX was declared bankrupt on 19-05-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-12-2025, published in the Belgian State Gazette on 12-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-12-2023, 134 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
134 d late
2021
499 d late
2020
38 d late
2019
101 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, full schema
Turnover
€54k
EBIT margin
100.0%
Net result
€54k▲ 92.2%
2021 · €28k
2018: €-1k
2019: €-5k
2020: €24k
2021: €28k
2018 → 2022
Working capital
€8k▼ 24.1%
2021 · €10k
2020: €24k
2021: €10k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€54k
Equity€5k-€24k€41k▲ 67.1%€67k▲ 64.1%
Operating result€-1k-€-5k▼ 228%€24k€28k▲ 15.2%€54k▲ 92.2%
Net result€-1k-€-5k▼ 227%€24k€28k▲ 16.0%€54k▲ 92.2%
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed three years in a row; 2022 is 92% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €41k
Fixed assets
€17k ▼ 43.4%
Current assets
€23k ▼ 3.8%
Equity and liabilities €82k
Equity
€67k ▲ 64.1%
Debt
€16k ▲ 10.9%
Debt's share of the balance-sheet total falls from 25.8% to 19.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2021 · €43k
Cash flow
€54k▲
2021 · €43k
Current ratio
1.49▼
2021 · 1.72
Debt to equity
0.24▼
2021 · 0.35
ROE
81.4%▲
2021 · 69.5%
ROA
65.9%▲
2021 · 51.5%
Debt ≤ 1 year
€16k▲
2021 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 39 lines
Balance sheet
Code20212022
Assets
Total assets20/58€55k€82k▲
Formation expenses20-€42k
Fixed assets21/28€30k€17k▼
Tangible fixed assets22/27€30k€17k▼
Furniture and vehicles24€30k€17k▼
Current assets29/58€24k€23k▼
Amounts receivable after more than one year29-€21k
Trade receivables290-€21k
Amounts receivable within one year40/41€23k-
Trade receivables40€23k-
Cash at bank and in hand54/58-€3k
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€55k€82k▲
Equity10/15€41k€67k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Profit (loss) carried forward14€28k€54k▲
Amounts payable17/49€14k€16k▲
Amounts payable within one year42/48€14k€16k▲
Financial debts43€7-
Credit institutions430/8€7-
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€5k€5k▲
Other amounts payable47/48€10k€11k▲
Income statement
Code20212022
Operating income70/76A-€54k
Turnover70-€54k
Operating charges60/66A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€0▼
Other operating charges640/8€282-
Gross operating margin9900€44k-
Operating profit (loss)9901€28k€54k▲
Financial charges65/66B€13-
Recurring financial charges65€13-
Profit (loss) for the period before taxes9903€28k€54k▲
Profit (loss) for the period9904€28k€54k▲
Profit (loss) for the period to be appropriated9905€28k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€54k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SPRL LTS BENELUX RUE DU CONGRES 35, 1000 BRUXELLES. déclarée le 19 mai 2025 · event 30-12-2025
2025
23-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SPRL LTS BENELUX RUE DU CONGRES 35, 1000 BRUXELLES · event 19-05-2025
14-03
KBO administration
Address struck
Congresstraat 35 Die Sitzadresse Rue du Congrès / Congres-
Bruxelles · event 09-01-2025
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 134 days late
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 499 days late
2022
31-12
Financial
Highest result since 2018net €54k ▲92.2%
Operating result €54k, net result €54k, both a record.
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
19-05-2025 → 30-12-2025 |
Company data · Crossroads Bank
Identification
Legal formSPRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Scores and ratios are computed by Checked and are not a credit decision.