LYTEC
ActiveThe computed 12-month bankruptcy probability of LYTEC is 2.5% (moderate). The 2024 annual accounts show negative equity (€-3k) and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2438 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency20▲+20
Growth72▲+17
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.16 in 2023; short-term debt: 105.1% and cash: 13.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
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
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-5.1%
Return on assets
55.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2438 sector peers (2024).
NBB · sector comparisonPosition among 2438 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
140 d late
2021
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€161k▲ 25.2%
2023 · €129k
2021: €39k
2022: €92k
2023: €129k
2021 → 2024
EBIT margin
18.1%▲ 40.1pp
2023 · -21.9%
2021: -74.2%
2022: -3.3%
2023: -21.9%
2021 → 2024
Net result
€29k
2023 · €-29k
2021: €-29k
2022: €-4k
2023: €-29k
2021 → 2024
Working capital
€-20k▲ 66.9%
2023 · €-60k
2021: €-40k
2022: €-41k
2023: €-60k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€39k-€92k▲ 140%€129k▲ 39.2%€161k▲ 25.2%
Equity€1k-€-3k€-32k▼ 1,093%€-3k▲ 91.5%
Operating result€-29k-€-3k▲ 89.3%€-28k▼ 821%€29k
Net result€-29k-€-4k▲ 86.0%€-29k▼ 629%€29k
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 2024: €29k after a loss of €28k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets
€17k▼ 38.7%
Current assets
€36k▲ 217%
Key figures and ratios
EBITDA
€40k▲
2023 · €-17k
Cash flow
€40k▲
2023 · €-18k
Solvency
-5.1%▲
2023 · -81.5%
Current ratio
0.64▲
2023 · 0.16
Quick ratio
0.64▲
2023 · 0.16
Debt / equity
-20.45▼
2023 · -2.23
ROA
55.2%▲
2023 · -74.7%
Interest coverage
1145.52▲
2023 · -18.47
Debt
€55k▼
2023 · €71k
Debt ≤ 1 year
€55k▼
2023 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€39k€53k▲
Fixed assets21/28€28k€17k▼
Tangible fixed assets22/27€28k€17k▼
Plant, machinery and equipment23€22k€13k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€11k€36k▲
Amounts receivable within one year40/41€11k€28k▲
Trade receivables40€11k€25k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58-€7k
Deferred charges and accrued income490/1€550-
Equity and liabilities
Total equity and liabilities10/49€39k€53k▲
Equity10/15€-32k€-3k▲
Contributions10/11€30k€30k=
Outside capital11€30k€30k=
Other1109/19€30k€30k=
Profit (loss) carried forward14€-62k€-33k▲
Amounts payable17/49€71k€55k▼
Amounts payable within one year42/48€71k€55k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€20k€38k▲
Suppliers440/4€20k€38k▲
Taxes, remuneration and social security45€17k€4k▼
Taxes450/3€4k€4k▼
Remuneration and social security454/9€13k-
Other amounts payable47/48€30k€14k▼
Income statement
Code20232024
Turnover70€129k€161k▲
Goods, raw materials, services and sundry goods60/61€132k€102k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k-
Other operating charges640/8€230€330▲
Gross operating margin9900€780€40k▲
Operating profit (loss)9901€-28k€29k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€946€35▼
Recurring financial charges65€946€35▼
Profit (loss) for the period before taxes9903€-29k€29k▲
Profit (loss) for the period9904€-29k€29k▲
Profit (loss) for the period to be appropriated9905€-29k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-33k▲
Profit (loss) brought forward from the previous period14P€-33k€-62k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Putte · 1 establishment unit since 2021
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.
Lijsterstraat 32580 PutteGround area
952 m²
Building footprint
152 m²
Volume, LiDAR
592 m³
Parcel 12001C0154/00B002, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LYTEC
since 20212.315.793.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001C0154/00B002 | Flanders | 952 m² | 1 · 152 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 3,463 companies in sector 25530 we hold annual accounts for 1,658. 99 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2021
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.