SCHLITZ
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 24 filings
Turnover
≈ €360,000
Estimated: probably between €290,000 and €490,000
Total assets
€177,434▲ 3.5%
2024 · €171,383
Net result
€7,556
2024 · -€34,348
Working capital
-€68,729▲ 12.1%
2024 · -€78,219
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
€8,275
2025
20182025
Net result
€7,556
2025
middle half of the sector
20182025
Equity
-€68,250
▲ 10.0%
2025
lowest quarter of the sector
20182025
Total assets
€177,434
▲ 3.5%
2025
middle half of the sector
20182025
Debt
€245,684
▼ 0.6%
2025
20182025
Working capital
-€68,729
▲ 12.1%
2025
lowest quarter of the sector
20182025
Solvency
-38.5%
▲ 5.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.71
▲ 0.04
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.3%
▲ 24.3pp
2025
middle half of the sector
20182025
Staff (FTE)
3
▲ 25.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920212022202320242025
Operating result€205--€19,168-€2,514-€1,880-€18,036-€30,128▼ 67.0%€8,275
Net result-€545--€19,615▼ 3,502%-€5,443below the sector's middle half-€1,391within the sector's middle half-€18,541below the sector's middle half-€34,348below the sector's middle half▼ 85.3%€7,556within the sector's middle half
Equity-€635--€20,250▼ 3,089%-€24,307below the sector's middle half--€22,917below the sector's middle half▲ 5.7%-€41,458below the sector's middle half▼ 80.9%-€75,806below the sector's middle half▼ 82.9%-€68,250below the sector's middle half▲ 10.0%
Total assets€62,091-€55,075▼ 11.3%€73,729within the sector's middle half-€98,544within the sector's middle half▲ 33.7%€172,366within the sector's middle half▲ 74.9%€171,383within the sector's middle half▼ 0.6%€177,434within the sector's middle half▲ 3.5%
Debt€62,726-€75,325▲ 20.1%€98,036-€121,461▲ 23.9%€213,823▲ 76.0%€247,189▲ 15.6%€245,684▼ 0.6%
Working capital-€6,053--€22,456▼ 271%-€31,627below the sector's middle half--€29,326below the sector's middle half▲ 7.3%-€43,004below the sector's middle half▼ 46.6%-€78,219below the sector's middle half▼ 81.9%-€68,729below the sector's middle half▲ 12.1%
Solvency-1.0%--36.8%▼ 35.7pp-33.0%below the sector's middle half--23.3%below the sector's middle half▲ 9.7pp-24.1%below the sector's middle half▼ 0.8pp-44.2%below the sector's middle half▼ 20.2pp-38.5%below the sector's middle half▲ 5.8pp
Current ratio0.90-0.70▼ 0.200.68below the sector's middle half-0.76below the sector's middle half▲ 0.080.80below the sector's middle half▲ 0.040.68below the sector's middle half▼ 0.120.71below the sector's middle half▲ 0.04
Return on assets (ROA)-0.9%--35.6%▼ 34.7pp-7.4%below the sector's middle half-1.4%within the sector's middle half▲ 8.8pp-10.8%below the sector's middle half▼ 12.2pp-20.0%below the sector's middle half▼ 9.3pp4.3%within the sector's middle half▲ 24.3pp
Staff (FTE)2.9-3.4▲ 17.2%4.8-4.6▼ 4.2%2.8▼ 39.1%2.4▼ 14.3%3▲ 25.0%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €8,275, after a loss of €30,128 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,434
Fixed assets
€5,457 ▼ 19.8%
Current assets
€171,976 ▲ 4.5%
Equity and liabilities
Equity-€68,250
Debt€245,684
Equity is negative. Debt (€245,684) exceeds the balance-sheet total (€177,434).
Key figures and ratios
EBITDA
€9,623▲
2024 · -€29,043
Cash flow
€8,904▲
2024 · -€33,263
Quick ratio
0.61▲
2024 · 0.58
Interest coverage
12.96▲
2024 · -29.52
Debt ≤ 1 year
€240,705▼
2024 · €242,796
Income taxes
€0▼
2024 · €3,310
Staff costs
€107,712▲
2024 · €106,742
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 3 | 3 | 4 |
| full-time | 5 | 3 | 2 | 3 | 4 |
| part-time | - | 1 | 1 | 0 | 0 |
| in full-time equivalents | 5 | 3.8 | 2.8 | 3 | 4 |
| Average over the year, in full-time equivalents | 4.8 | 4.6 | 2.8 | 2.4 | 3 |
| On a permanent contract | 2 | 2 | 1 | 1 | 1 |
| Joined | 1 | 3 | 1 | 4 | 2 |
| Left | 0 | 4 | 2 | 4 | 1 |
| Training hours | - | - | 0 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,395 | - |
| Intangible fixed assets | €7,500 | - | - | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €666 | €912 | €912 | €1,085 | €1,349 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €67,712 | €90,154 | €88,941 | €106,742 | €107,712 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,673 | €3,212 | €666 | €912 | €912 | €1,085 | €1,349 | ▲ 24.3% |
| Other operating charges640/8 | - | - | €2,727 | €2,837 | €3,239 | €2,884 | €3,381 | ▲ 17.2% |
| Gross operating margin9900 | €64,234 | €71,193 | €68,591 | €95,783 | €75,056 | €80,584 | €120,716 | ▲ 49.8% |
| Operating profit (loss)9901 | €205 | -€19,168 | -€2,514 | €1,880 | -€18,036 | -€30,128 | €8,275 | - |
| Financial income75/76B | - | - | €112 | €3 | €2 | €74 | €24 | ▼ 68.0% |
| Recurring financial income75 | €278 | €6 | €112 | €3 | €2 | €74 | €24 | ▼ 68.0% |
| Financial charges65/66B | - | - | €1,007 | €492 | €507 | €984 | €743 | ▼ 24.5% |
| Recurring financial charges65 | €603 | €453 | €1,007 | €492 | €507 | €984 | €743 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | -€120 | -€19,615 | -€3,409 | €1,391 | -€18,541 | -€31,038 | €7,556 | - |
| Income taxes67/77 | €425 | - | €2,034 | - | - | €3,310 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€545 | -€19,615 | -€5,443 | €1,391 | -€18,541 | -€34,348 | €7,556 | - |
| Profit (loss) for the period to be appropriated9905 | -€545 | -€19,615 | -€5,443 | €1,391 | -€18,541 | -€34,348 | €7,556 | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €62,091 | €55,075 | €73,729 | €98,544 | €172,366 | €171,383 | €177,434 | ▲ 3.5% |
| Fixed assets21/28 | €5,418 | €2,206 | €7,320 | €6,409 | €5,497 | €6,806 | €5,457 | ▼ 19.8% |
| Intangible fixed assets21 | €1,500 | €750 | €6,996 | €6,247 | €5,497 | €4,747 | €3,997 | ▼ 15.8% |
| Tangible fixed assets22/27 | €3,918 | €1,456 | €324 | €162 | €0 | €2,060 | €1,461 | ▼ 29.1% |
| Plant, machinery and equipment23 | - | - | €324 | €162 | €0 | €2,060 | €1,461 | ▼ 29.1% |
| Current assets29/58 | €56,673 | €52,869 | €66,409 | €92,135 | €166,869 | €164,577 | €171,976 | ▲ 4.5% |
| Stocks and contracts in progress3 | €30,880 | €22,525 | €21,558 | €23,683 | €22,662 | €22,864 | €25,166 | ▲ 10.1% |
| Stocks30/36 | - | - | €21,558 | €23,683 | €22,662 | €22,864 | €25,166 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €3,943 | €805 | €17,387 | €1,669 | €94,899 | €115,086 | €115,265 | ▲ 0.2% |
| Trade receivables40 | - | - | €17,387 | €1,669 | €1,818 | €2,005 | €2,034 | ▲ 1.5% |
| Other amounts receivable41 | - | - | - | - | €93,082 | €113,082 | €113,231 | ▲ 0.1% |
| Current investments50/53 | €744 | €407 | €5,073 | €17,569 | €4,900 | €4,438 | €6,657 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €12,302 | €17,286 | €20,307 | €47,823 | €42,877 | €20,580 | €23,216 | ▲ 12.8% |
| Deferred charges and accrued income490/1 | - | - | €2,084 | €1,391 | €1,530 | €1,609 | €1,672 | ▲ 3.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €62,091 | €55,075 | €73,729 | €98,544 | €172,366 | €171,383 | €177,434 | ▲ 3.5% |
| Equity10/15 | -€635 | -€20,250 | -€24,307 | -€22,917 | -€41,458 | -€75,806 | -€68,250 | ▲ 10.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€21,095 | -€40,710 | -€44,767 | -€43,377 | -€61,918 | -€96,266 | -€88,710 | ▲ 7.8% |
| Amounts payable17/49 | €62,726 | €75,325 | €98,036 | €121,461 | €213,823 | €247,189 | €245,684 | ▼ 0.6% |
| Amounts payable within one year42/48 | €62,726 | €75,325 | €98,036 | €121,461 | €209,873 | €242,796 | €240,705 | ▼ 0.9% |
| Trade debts44 | €36,665 | €32,634 | €26,440 | €39,416 | €40,621 | €53,619 | €55,010 | ▲ 2.6% |
| Suppliers440/4 | - | - | €26,440 | €39,416 | €40,621 | €53,619 | €55,010 | ▲ 2.6% |
| Advances received on contracts in progress46 | - | - | €286 | €25 | €0 | €163 | €855 | ▲ 425% |
| Taxes, remuneration and social security45 | - | - | €22,251 | €23,654 | €18,764 | €24,566 | €24,899 | ▲ 1.4% |
| Taxes450/3 | - | - | €10,107 | €11,131 | €6,260 | €10,610 | €11,865 | ▲ 11.8% |
| Remuneration and social security454/9 | - | - | €12,144 | €12,523 | €12,504 | €13,955 | €13,034 | ▼ 6.6% |
| Other amounts payable47/48 | - | - | €49,059 | €58,366 | €150,488 | €164,449 | €159,942 | ▼ 2.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,950 | €4,393 | €4,978 | ▲ 13.3% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€545 | -€19,615 | -€5,443 | €1,391 | -€18,541 | -€34,348 | €7,556 | - |
| + Depreciation and write-downs630 | €4,673 | €3,212 | €666 | €912 | €912 | €1,085 | €1,349 | ▲ 24.3% |
| Operating cash flow (approximation) | €4,128 | -€16,403 | -€4,777 | €2,303 | -€17,629 | -€33,263 | €8,904 | - |
| Investment in fixed assets (approximation) | - | €0 | - | -€1 | €0 | -€2,395 | €0 | - |
| Change in cash | - | €4,984 | - | €27,516 | -€4,946 | -€22,298 | €2,636 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,449 companies had the same profile as SCHLITZ has now. Two years later, 92.2% were still going and 2.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
92.2%
was still going
4.8%
stopped otherwise
2.5%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SCHLITZ itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,449 companies, not a prediction for SCHLITZ. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355374 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00338986 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00241725 | |
| 31-12-2022 | micro format | 16-07-2023 | 2023-00239577 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20183844 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-47200089 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-27300037 | |
| 31-12-2017 | micro format | 12-07-2018 | 2018-32900521 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39100509 | |
| 31-12-2015 | full format | 28-07-2016 | 2016-37300328 |