Lovatech
ActiveSummary
Lovatech has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €398k and a net result of €77k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-6
Solvency61▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.9 in 2024; short-term debt: 43.6% and cash: 16.4% of total assets), but 63.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
36.3%
Return on assets
7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
8 d early
2023
15 d early
2022
11 d late
2021
29 d late
2020
32 d early
2019
27 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€398k=
2024 · €398k
2018: €244klowest in 8 years
2019: €263k▲ +7.7% vs 2018
2020: €358k▲ +36.2% vs 2019
2021: €486k▲ +35.8% vs 2020highest in 8 years
2022: €363k▼ -25.4% vs 2021
2023: €394k▲ +8.6% vs 2022
2024: €398k▲ +1.1% vs 2023
2025: €398k● 0.0% vs 2024
2018 → 2025
Total assets
€1.10M▲ 2.4%
2024 · €1.07M
2018: €919klowest in 8 years
2019: €1.07M▲ +16.7% vs 2018
2020: €1.07M▲ +0.1% vs 2019
2021: €1.11M▲ +3.7% vs 2020
2022: €1.17M▲ +4.8% vs 2021highest in 8 years
2023: €1.10M▼ -5.7% vs 2022
2024: €1.07M▼ -2.6% vs 2023
2025: €1.10M▲ +2.4% vs 2024
2018 → 2025
Net result
€77k▼ 39.7%
2024 · €128k
2018: €50k
2019: €69k▲ +36.4% vs 2018
2020: €145k▲ +111% vs 2019highest in 8 years
2021: €119k▼ -18.2% vs 2020
2022: €96k▼ -19.4% vs 2021
2023: €31k▼ -67.3% vs 2022lowest in 8 years
2024: €128k▲ +308% vs 2023
2025: €77k▼ -39.7% vs 2024
2018 → 2025
Working capital
€516k▲ 14.3%
2024 · €451k
2018: €158k
2019: €206k▲ +29.9% vs 2018
2020: €243k▲ +18.2% vs 2019
2021: €316k▲ +29.9% vs 2020
2022: €154k▼ -51.2% vs 2021lowest in 8 years
2023: €313k▲ +103% vs 2022
2024: €451k▲ +44.3% vs 2023
2025: €516k▲ +14.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€486k-€363k▼ 25.4%€394k▲ 8.6%€398k▲ 1.1%€398k=
2021: €486khighest in 5 years
2022: €363k▼ -25.4% vs 2021lowest in 5 years
2023: €394k▲ +8.6% vs 2022
2024: €398k▲ +1.1% vs 2023
2025: €398k● 0.0% vs 2024
Operating result€177k-€127k▼ 28.6%€53k▼ 58.1%€178k▲ 235%€104k▼ 41.6%
2021: €177k
2022: €127k▼ -28.6% vs 2021
2023: €53k▼ -58.1% vs 2022lowest in 5 years
2024: €178k▲ +235% vs 2023highest in 5 years
2025: €104k▼ -41.6% vs 2024
Net result€119k-€96k▼ 19.4%€31k▼ 67.3%€128k▲ 308%€77k▼ 39.7%
2021: €119k
2022: €96k▼ -19.4% vs 2021
2023: €31k▼ -67.3% vs 2022lowest in 5 years
2024: €128k▲ +308% vs 2023highest in 5 years
2025: €77k▼ -39.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€104k ▼ 13.1%
Current assets
€994k ▲ 4.3%
Equity and liabilities €1.10M
Equity
€398k =
Debt
€699k ▲ 3.8%
Debt's share of the balance-sheet total rises from 62.9% to 63.7%. Debt is higher.
Key figures and ratios
EBITDA
€126k▼
2024 · €203k
Cash flow
€99k▼
2024 · €152k
Current ratio
2.08▲
2024 · 1.90
Quick ratio
1.97▲
2024 · 1.83
Debt to equity
1.76▲
2024 · 1.69
ROE
19.3%▼
2024 · 32.1%
ROA
7.0%▼
2024 · 11.9%
Interest coverage
9.44▲
2024 · 8.99
Debt ≤ 1 year
€478k▼
2024 · €502k
Income taxes
€34k▼
2024 · €39k
Staff costs
€469k▲
2024 · €426k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.10M▲
Fixed assets21/28€119k€104k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€118k€103k▼
Plant, machinery and equipment23€111k€96k▼
Furniture and vehicles24€6k€8k▲
Financial fixed assets28€200€200=
Current assets29/58€953k€994k▲
Stocks and contracts in progress3€36k€51k▲
Stocks30/36€36k€51k▲
Amounts receivable within one year40/41€840k€720k▼
Trade receivables40€381k€250k▼
Other amounts receivable41€458k€470k▲
Cash at bank and in hand54/58€43k€180k▲
Deferred charges and accrued income490/1€33k€43k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.10M▲
Equity10/15€398k€398k=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€337k€337k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€331k€331k=
Amounts payable17/49€674k€699k▲
Amounts payable within one year42/48€502k€478k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€299k€236k▼
Suppliers440/4€299k€236k▼
Taxes, remuneration and social security45€75k€90k▲
Taxes450/3€10k€26k▲
Remuneration and social security454/9€65k€64k▼
Other amounts payable47/48€123k€152k▲
Accrued charges and deferred income492/3€172k€221k▲
Income statement
Code20242025
Non-recurring operating income76A€109k-
Remuneration, social security and pensions62€426k€469k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€24k€2k▼
Non-recurring operating charges66A€3k-
Gross operating margin9900€655k€597k▼
Operating profit (loss)9901€178k€104k▼
Financial income75/76B€11k€20k▲
Recurring financial income75€11k€20k▲
Financial charges65/66B€23k€13k▼
Recurring financial charges65€23k€13k▼
Profit (loss) for the period before taxes9903€166k€111k▼
Income taxes67/77€39k€34k▼
Profit (loss) for the period9904€128k€77k▼
Profit (loss) for the period to be appropriated9905€128k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€77k▼
Transfer to equity691/2€4k-
To the legal reserve6920€4k-
Profit to be distributed694/7€123k€77k▼
Return on contributions (dividend)694€88k€77k▼
Directors or managers695€35k-
Social balance
Average headcount (FTE)90876.56.6▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €16k | €15k | €9k | €109k | - | - |
| Remuneration, social security and pensions62 | €320k | €378k | €341k | €426k | €469k | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €28k | €33k | €24k | €22k | ▼ 10.3% |
| Other operating charges640/8 | €18k | €9k | €10k | €24k | €2k | ▼ 92.1% |
| Non-recurring operating charges66A | €4k | - | - | €3k | - | - |
| Gross operating margin9900 | €549k | €542k | €437k | €655k | €597k | ▼ 8.8% |
| Operating profit (loss)9901 | €177k | €127k | €53k | €178k | €104k | ▼ 41.6% |
| Financial income75/76B | €94 | €8k | €9k | €11k | €20k | ▲ 87.7% |
| Recurring financial income75 | €94 | €8k | €9k | €11k | €20k | ▲ 87.7% |
| Financial charges65/66B | €9k | €8k | €14k | €23k | €13k | ▼ 40.8% |
| Recurring financial charges65 | €9k | €8k | €14k | €23k | €13k | ▼ 40.8% |
| Profit (loss) for the period before taxes9903 | €168k | €127k | €48k | €166k | €111k | ▼ 33.4% |
| Income taxes67/77 | €49k | €31k | €17k | €39k | €34k | ▼ 12.8% |
| Profit (loss) for the period9904 | €119k | €96k | €31k | €128k | €77k | ▼ 39.7% |
| Profit (loss) for the period to be appropriated9905 | €119k | €96k | €31k | €128k | €77k | ▼ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.11M | €1.17M | €1.10M | €1.07M | €1.10M | ▲ 2.4% |
| Fixed assets21/28 | €605k | €601k | €573k | €119k | €104k | ▼ 13.1% |
| Intangible fixed assets21 | €7k | €5k | €3k | €1k | - | - |
| Tangible fixed assets22/27 | €598k | €596k | €570k | €118k | €103k | ▼ 12.1% |
| Land and buildings22 | €559k | €546k | €531k | - | - | - |
| Plant, machinery and equipment23 | €9k | €24k | €24k | €111k | €96k | ▼ 14.3% |
| Furniture and vehicles24 | €31k | €25k | €15k | €6k | €8k | ▲ 27.1% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €507k | €565k | €527k | €953k | €994k | ▲ 4.3% |
| Stocks and contracts in progress3 | €76k | €67k | €51k | €36k | €51k | ▲ 41.9% |
| Stocks30/36 | €76k | €67k | €51k | €36k | €51k | ▲ 41.9% |
| Amounts receivable within one year40/41 | €95k | €374k | €325k | €840k | €720k | ▼ 14.3% |
| Trade receivables40 | €89k | €82k | €116k | €381k | €250k | ▼ 34.5% |
| Other amounts receivable41 | €6k | €292k | €209k | €458k | €470k | ▲ 2.5% |
| Cash at bank and in hand54/58 | €324k | €91k | €101k | €43k | €180k | ▲ 314% |
| Deferred charges and accrued income490/1 | €13k | €33k | €50k | €33k | €43k | ▲ 29.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.11M | €1.17M | €1.10M | €1.07M | €1.10M | ▲ 2.4% |
| Equity10/15 | €486k | €363k | €394k | €398k | €398k | = |
| Contributions10/11 | €19k | €19k | €19k | €62k | €62k | = |
| Capital10 | - | - | - | €62k | €62k | = |
| Issued capital100 | - | - | - | €62k | €62k | = |
| Reserves13 | €468k | €344k | €375k | €337k | €337k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €6k | €6k | = |
| Legal reserve130 | - | - | - | €6k | €6k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €466k | €342k | €373k | €331k | €331k | = |
| Amounts payable17/49 | €626k | €804k | €706k | €674k | €699k | ▲ 3.8% |
| Amounts payable after more than one year17 | €435k | €374k | €323k | - | - | - |
| Financial debts170/4 | €435k | €374k | €323k | - | - | - |
| Amounts payable within one year42/48 | €191k | €411k | €214k | €502k | €478k | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | €62k | €61k | €53k | - | - | - |
| Financial debts43 | €30k | €7k | €3k | €3k | - | - |
| Credit institutions430/8 | €30k | €7k | €3k | €3k | - | - |
| Trade debts44 | €32k | €89k | €112k | €299k | €236k | ▼ 21.0% |
| Suppliers440/4 | €32k | €89k | €112k | €299k | €236k | ▼ 21.0% |
| Taxes, remuneration and social security45 | €68k | €35k | €45k | €75k | €90k | ▲ 18.9% |
| Taxes450/3 | €35k | €482 | €9k | €10k | €26k | ▲ 148% |
| Remuneration and social security454/9 | €33k | €34k | €36k | €65k | €64k | ▼ 1.7% |
| Other amounts payable47/48 | - | €219k | - | €123k | €152k | ▲ 23.2% |
| Accrued charges and deferred income492/3 | €135 | €19k | €169k | €172k | €221k | ▲ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119k | €96k | €31k | €128k | €77k | ▼ 39.7% |
| + Depreciation and write-downs630 | €29k | €28k | €33k | €24k | €22k | ▼ 10.3% |
| Operating cash flow (approximation) | €148k | €124k | €64k | €152k | €99k | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | €-24k | €-5k | €430k | €-6k | ▼ 101% |
| Change in cash | - | €-232k | €10k | €-58k | €136k | ▲ 335% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €31k ▼67.3%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €145k ▲111%
Operating result €217k, net result €145k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Machelen (Brab.) · 1 establishment unit since 2006
Ground area
1.6 ha
Building footprint
1,853 m²
Volume, LiDAR
13,180 m³
2 parcels, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
LOVATECH
since 20062.157.639.294
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00A004 | Flanders | 8,074 m² | - | - |
| 23094D0010/00F000 | Flanders | 7,801 m² | 1 · 1,853 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,725 EUR awarded · 1,725 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 225 EUR |
| 2024 | 1 | 225 EUR | 0 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 2 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Datacommunicatie- en netwerkinstallaties duaal 1 (so)
Datacommunicatie- en netwerktechnicus (vwo)
Show 2 ended approvals
Pc-technicus (so)
Pc-technicus (so)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 12,837 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
58290Other software publishing
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.