Equity
€21.1m ▲ 56.8%
Equity rose in 2025 from €13.5m to €21.1m.
LITRAN
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977Turnoverpeak €147.1m (2024)
€114.1m▼ 22.4%
Resultpeak €7.6m (2025)
€7.6m▲ 10.8%
Equitypeak €21.1m (2025)
€21.1m▲ 56.8%
Debts
€57.2m▲ 11.9%
Staffpeak 420.1 FTE (2024)
410.2 FTE▼ 2.4%
Board5 names since 2018
1 directorJo Troch
Owners4 names in the annual accounts
100%VERBRAEKEN DRILLING INFRA
Documentsfilings and deeds
12-03-202649 days before the deadline
2025financial year
Turnover from €147.1m to €114.1mReappointment: van Esbroeck Venant Eduard (managing director) 09-04Equity from €13.5m to €21.1mInvestments €4.2m
Key points
from the 2025 annual accountsInvestments
€4.2m 3.4 × depreciation
Green is investment, beige is depreciation.
Payment terms
136 days to suppliers
LITRAN pays its suppliers 38 days later than in 2024. Customers pay 40 days later.
Filings
48 annual accounts since 1977
The last five annual accounts were filed 34 to 124 days before the end of the period.
At the same address
25 companies
Position in the sector
€7.6m
Higher net result than 95% of companies in civil engineering. Sector median €228,249 · 377 companies.
Checked score
95
Excellent
Financially stronger than 61% of large companies in civil engineering (NACE 42)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 34 companies (NACE 42, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 3.5%▲ +1.2 percentage points vs 12-2024highest value
02-2025: 3.5%● unchanged vs 01-2025highest value
03-2025: 3.5%● unchanged vs 02-2025highest value
04-2025: 0.1%▼ -3.4 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Civil engineering (NACE 42)
lowers risk
Liquidity: current ratio 1.60, cash €16.9m
Size: turnover €114.1m, 410.2 FTE, total assets €83.5m
Founded in 1967
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, large). It does better than 41% of them on solvency, 68% on liquidity, 82% on profitability and 52% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 101 companies had the same profile as LITRAN has now. Each dot is one company, two years later.
97.0%
were still trading
1.0%
stopped another way
2.0%
went bankrupt
The bankruptcy probability of LITRAN itself is lower: 0.1% within 12 months. It rests on far more data about LITRAN than the profile alone.
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 101 companies, not a prediction for LITRAN. 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.
Credit verdict
Credit of up to €2,000,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.48 in 2024), above the usual 1.5. Short-term debt is 58.4% and cash 20.2% of total assets. However, 74.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €21.1m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
34 days early
2022
95 days early
2021
124 days early
2020
46 days early
2019
37 days early
2018
57 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
Board and ownership
KB
KPMG Bedrijfsrevisoren BV/SRL
Auditor, Tim Vermeiren
- VERBRAEKEN DRILLING INFRA 100%equity €44.3m (2025) · 30-09-2025 annual accounts of VERBRAEKEN DRILLING INFRA
- Volker Wessels Stevin International BV 100%annual accounts 2022
- KONINKLIJKE VOLKERWESSELS N.V consolidatesannual accounts 2022
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Wevelgem
Reappointment: van Esbroeck Venant Eduard (managing director)
General meeting of 03-03-2025 · Gazette deed
New statutory auditor
KPMG Bedrijfsrevisoren BV/SRL appointed, Moore Audit BV resigned · Permanent representative: Tim Vermeiren · General meeting of 12-09-2024 · Gazette deed
Reappointment: Jo Troch (director)
General meeting of 11-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| LITRAN Ghent | €114.1m | 9.2% | 25.3% | 410.2 |
| TRAFIROAD Lokeren | €115.1m | 12.6% | 41.0% | 324.5 |
| APK infra Pelt | €164.9m | 1.7% | 26.3% | 539.6 |
| BESIX Unitec Schelle | €180.6m | 2.0% | 23.1% | 546.5 |
| MOBIX Mechelen | €50.3m | -2.6% | 51.1% | 275.6 |
| ARGEA Uccle | €72.9m | 3.5% | 30.6% | 348.7 |
| CAS-VOS Sint-Niklaas | €106.9m | 7.8% | 17.2% | 387.4 |
Grey: the largest companies of the sector (civil engineering (NACE 42)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LITRAN: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €35m and €126m, founded between 1956 and 2002.
Official details
Source: KBO- Status
- Active since 05-07-1967Normal situation
- Registered office
- 26 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 3 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment units
- 2.143.141.7549170 Sint-Gillis-Waas, since 05-07-1967
- 2.073.940.8659000 Ghent, since 12-03-1986
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- Total assets
- €83.5m▲ 18.9%
- Employeeson 30-09-2025
- 400▼ 6.1%
- Filing
- Filed on 12-03-2026, 49 days before the end of the filing period
Companies linked to LITRAN
Parent and group
Insights on LITRAN
LITRAN has existed since 1967. Turnover grew from €34.4m in 2006 to €114.1m in 2025.
Solvency rose in 2025 from 19.2% to 25.3% because of the retained profit.
VERBRAEKEN DRILLING INFRA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LITRAN
- What is the company number of LITRAN?
- The company number of LITRAN is 0405.834.142. The VAT number is the same number with BE in front: BE 0405.834.142.
- Where is LITRAN based?
- The registered office is at Langerbruggekaai 3, 9000 Ghent.Company details
- What does LITRAN do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of LITRAN?
- LITRAN is a public limited company (NV).
- When was LITRAN founded?
- LITRAN was founded on 05-07-1967.
- Is LITRAN still active?
- Yes, LITRAN is an active enterprise in the KBO register.
- How many employees does LITRAN have?
- LITRAN had an average of 410.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LITRAN fall under?
- In its 30-09-2025 annual accounts, LITRAN states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of LITRAN?
- The turnover of LITRAN was €114.1m in financial year 2025, according to the filed annual accounts.
- Is LITRAN profitable?
- In financial year 2025, LITRAN made a profit of €7.6m.
- Where can I find the annual accounts of LITRAN?
- LITRAN filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LITRAN due?
- LITRAN must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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