LO-TEC
ActiveSummary
LO-TEC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €30k. Equity is growing by ~57.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency68▼-29
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 3.36 in 2024; short-term debt: 57.3% and cash: 56.3% of total assets), but 57.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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
42.7%
Return on assets
21.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 6 filingsDeviation from the deadline
2025
30 d late
2024
on the day
2023
30 d late
2022
31 d late
2021
30 d late
2020
18 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€60k▼ 14.4%
2024 · €70k
2020: €9k
2021: €9k
2022: €14k
2023: €21k
2024: €70k
2020 → 2025
Total assets
€141k▲ 43.8%
2024 · €98k
2020: €16k
2021: €16k
2022: €17k
2023: €33k
2024: €98k
2020 → 2025
Net result
€30k▼ 39.2%
2024 · €49k
2020: €4k
2021: €-517
2022: €5k
2023: €8k
2024: €49k
2020 → 2025
Working capital
€55k▼ 15.8%
2024 · €66k
2020: €9k
2021: €9k
2022: €14k
2023: €19k
2024: €66k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€14k▲ 55.5%€21k▲ 57.2%€70k▲ 230%€60k▼ 14.4%
Operating result€41-€7k▲ 17,188%€11k▲ 53.5%€67k▲ 520%€42k▼ 38.1%
Net result€-517-€5k€8k▲ 60.1%€49k▲ 533%€30k▼ 39.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141k
Fixed assets
€5k ▲ 4.4%
Current assets
€136k ▲ 45.8%
Equity and liabilities €141k
Equity
€60k ▼ 14.4%
Debt
€81k ▲ 191%
Debt's share of the balance-sheet total rises from 28.4% to 57.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43k▼
2024 · €68k
Cash flow
€31k▼
2024 · €50k
Current ratio
1.68▼
2024 · 3.36
Debt to equity
1.34▲
2024 · 0.40
ROE
49.6%▼
2024 · 69.7%
ROA
21.1%▼
2024 · 50.0%
Interest coverage
282.22=
2024 · 282.10
Debt ≤ 1 year
€81k▲
2024 · €28k
Income taxes
€12k▼
2024 · €18k
Staff costs
€5k▼
2024 · €5k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€98k€141k▲
Fixed assets21/28€5k€5k▲
Tangible fixed assets22/27€3k€3k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€1k€2k▲
Financial fixed assets28€2k€2k=
Current assets29/58€94k€136k▲
Amounts receivable within one year40/41€27k€56k▲
Trade receivables40€17k€44k▲
Other amounts receivable41€10k€12k▲
Cash at bank and in hand54/58€65k€80k▲
Deferred charges and accrued income490/1€1k€906▼
Equity and liabilities
Total equity and liabilities10/49€98k€141k▲
Equity10/15€70k€60k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€65k€55k▼
Amounts payable17/49€28k€81k▲
Amounts payable within one year42/48€28k€81k▲
Trade debts44€18k€39k▲
Suppliers440/4€18k€39k▲
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€352€352=
Other amounts payable47/48-€34k
Income statement
Code20242025
Remuneration, social security and pensions62€5k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€506€1k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€74k€49k▼
Operating profit (loss)9901€67k€42k▼
Financial income75/76B€98€151▲
Recurring financial income75€98€151▲
Financial charges65/66B€241€153▼
Recurring financial charges65€241€153▼
Profit (loss) for the period before taxes9903€67k€42k▼
Income taxes67/77€18k€12k▼
Profit (loss) for the period9904€49k€30k▼
Profit (loss) for the period to be appropriated9905€49k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€95k▲
Profit (loss) brought forward from the previous period14P€16k€65k▲
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
State Gazette act
Statutes amendmentCapital5 facts ▸
State Gazette act
Statutes amendment
Capital5 facts ▸
- General meeting, 13-08-2021
- Statutes amendment
- Capital
- Statutes amendment
- Statutes amendment
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
27-08
State Gazette act
Registered office · MiscellaneousRegistered-office move · Power of attorney · Suspensive condition4 facts ▸
State Gazette act
Registered office · Miscellaneous
Registered-office move · Power of attorney · Suspensive condition4 facts ▸
- General meeting, 13-08-2026
- Registered-office move, Graven Egmont en Hoornlaan 19, 3090 Overijse
- Power of attorney, Administrateur unique
- Suspensive condition, transfert de siège conditionné à l'adoption, dans un deuxième acte du même jour devant le même notaire, des statuts de la société en langue néerlandaise, en fai…
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €49k ▲533%
Operating result €67k, net result €49k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.77
Current ratio from 2.26 to 4.77; short-term debt falls from €7k to €4k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-517 ▼112%
Net result drops to €-517, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2020
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.
Graven Egm. en Hoornlaan 193090 OverijseGround area
1,529 m²
Building footprint
579 m²
Volume, LiDAR
8,436 m³
2 parcels, Brussels, Flanders · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Alsembergsesteenweg 735, 1180 Ukkel
since 20202.298.260.887
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00B060 | Brussels | 901 m² | 1 · 463 m² | 21.8 m · 6 fl. |
| 23544D0426/00Z005 | Flanders | 628 m² | 1 · 116 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De installatie, herstelling en het onderhoud van alle soorten verwarmingsinstallaties en sanitaire installaties... De opbouw en valorisatie van een onroerend patrimonium... De…
Full purpose
De installatie, herstelling en het onderhoud van alle soorten verwarmingsinstallaties en sanitaire installaties... De opbouw en valorisatie van een onroerend patrimonium... De verwerving, verkoop of ruil van alle roerende rechten en roerende waarden...
Structure & network
Capital and shareholders
Capital over the years
- 08-09-2026 Capital stated in the act · 500 shares
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M.M THERMIQUE
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Of 295 companies in sector 42211 we hold annual accounts for 132. 96 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
42211Civil engineering
42212Civil engineering
42220Construction of utility projects for electricity and telecommunications
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:l_boudart@hotmail.com