LSIT
Judicial reorganisationSummary
The file of LSIT contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (€-6k) and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 17090 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+71
Solvency22▲+8
Growth32=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.43 against 0.52 in 2024; short-term debt: 79.8% and cash: 5.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 9%
← weakest
strongest →
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
37 d early
2023
29 d late
2022
31 d late
2021
5 d early
2020
20 d late
2019
92 d early
← 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, micro schema
Equity
€-6k▲ 72.9%
2024 · €-24k
2018: €20k
2019: €38k▲ +86.2% vs 2018highest in 8 years
2020: €12k▼ -67.3% vs 2019
2021: €34k▲ +174% vs 2020
2022: €22k▼ -35.1% vs 2021
2023: €12k▼ -44.8% vs 2022
2024: €-24k▼ -294% vs 2023lowest in 8 years
2025: €-6k▲ +72.9% vs 2024
2018 → 2025
Total assets
€198k▼ 11.8%
2024 · €225k
2018: €246k
2019: €406k▲ +64.9% vs 2018highest in 8 years
2020: €258k▼ -36.3% vs 2019
2021: €235k▼ -8.9% vs 2020
2022: €225k▼ -4.5% vs 2021
2023: €216k▼ -3.8% vs 2022
2024: €225k▲ +4.0% vs 2023
2025: €198k▼ -11.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€17k
2024 · €-18k
2018: €18k
2019: €18k▼ -3.5% vs 2018
2020: €-26k▼ -245% vs 2019lowest in 8 years
2021: €22k▲ +184% vs 2020highest in 8 years
2022: €-12k▼ -155% vs 2021
2023: €-10k▲ +17.1% vs 2022
2024: €-18k▼ -84.5% vs 2023
2025: €17k▲ +194% vs 2024
2018 → 2025
Working capital
€-90k▼ 2.9%
2024 · €-87k
2018: €-9k
2019: €-12k▼ -30.3% vs 2018
2020: €-3k▲ +74.1% vs 2019
2021: €9k▲ +394% vs 2020highest in 8 years
2022: €-14k▼ -256% vs 2021
2023: €-35k▼ -141% vs 2022
2024: €-87k▼ -151% vs 2023
2025: €-90k▼ -2.9% vs 2024lowest 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€34k-€22k▼ 35.1%€12k▼ 44.8%€-24k€-6k▲ 72.9%
2021: €34khighest in 5 years
2022: €22k▼ -35.1% vs 2021
2023: €12k▼ -44.8% vs 2022
2024: €-24k▼ -294% vs 2023lowest in 5 years
2025: €-6k▲ +72.9% vs 2024
Operating result€24k-€-10k€-6k▲ 44.5%€-10k▼ 86.2%€19k
2021: €24khighest in 5 years
2022: €-10k▼ -141% vs 2021
2023: €-6k▲ +44.5% vs 2022
2024: €-10k▼ -86.2% vs 2023lowest in 5 years
2025: €19k▲ +280% vs 2024
Net result€22k-€-12k€-10k▲ 17.1%€-18k▼ 84.5%€17k
2021: €22khighest in 5 years
2022: €-12k▼ -155% vs 2021
2023: €-10k▲ +17.1% vs 2022
2024: €-18k▼ -84.5% vs 2023lowest in 5 years
2025: €17k▲ +194% vs 2024
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 2025: €19k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€130k ▲ 0.4%
Current assets
€68k ▼ 28.3%
Key figures and ratios
EBITDA
€31k▲
2024 · €900
Cash flow
€30k▲
2024 · €-7k
Solvency
-3.2%▲
2024 · -10.5%
Current ratio
0.43▼
2024 · 0.52
Debt to equity
-31.89▼
2024 · -10.49
ROA
8.7%▲
2024 · -8.1%
Interest coverage
15.92▲
2024 · 0.10
Debt
€205k▼
2024 · €248k
Debt ≤ 1 year
€158k▼
2024 · €183k
Debt > 1 year
€46k▼
2024 · €66k
Staff costs
€50k▼
2024 · €141k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€225k€198k▼
Fixed assets21/28€129k€130k▲
Tangible fixed assets22/27€129k€130k▲
Land and buildings22€111k€103k▼
Furniture and vehicles24€6k€4k▼
Other tangible fixed assets26€12k€22k▲
Current assets29/58€95k€68k▼
Amounts receivable within one year40/41€67k€58k▼
Trade receivables40€53k€52k▼
Other amounts receivable41€14k€6k▼
Cash at bank and in hand54/58€25k€11k▼
Deferred charges and accrued income490/1€3k€133▼
Equity and liabilities
Total equity and liabilities10/49€225k€198k▼
Equity10/15€-24k€-6k▲
Contributions10/11€1k€1k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-27k€-9k▲
Amounts payable17/49€248k€205k▼
Amounts payable after more than one year17€66k€46k▼
Financial debts170/4€66k€46k▼
Amounts payable within one year42/48€183k€158k▼
Current portion of amounts payable after more than one year42€21k€19k▼
Trade debts44€26k€22k▼
Suppliers440/4€26k€22k▼
Taxes, remuneration and social security45€121k€105k▼
Taxes450/3€72k€60k▼
Remuneration and social security454/9€49k€45k▼
Other amounts payable47/48€15k€13k▼
Income statement
Code20242025
Remuneration, social security and pensions62€141k€50k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€4k€532▼
Gross operating margin9900€146k€81k▼
Operating profit (loss)9901€-10k€19k▲
Financial income75/76B€1k€631▼
Recurring financial income75€1k€631▼
Financial charges65/66B€9k€2k▼
Recurring financial charges65€9k€2k▼
Profit (loss) for the period before taxes9903€-18k€17k▲
Profit (loss) for the period9904€-18k€17k▲
Profit (loss) for the period to be appropriated9905€-18k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-9k▲
Profit (loss) brought forward from the previous period14P€-8k€-27k▼
The notes to these accounts (10 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 | €3k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €113k | €132k | €151k | €141k | €50k | ▼ 64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €10k | €10k | €11k | €12k | ▲ 10.2% |
| Other operating charges640/8 | €1k | €348 | €384 | €4k | €532 | ▼ 86.0% |
| Gross operating margin9900 | €149k | €133k | €156k | €146k | €81k | ▼ 44.3% |
| Operating profit (loss)9901 | €24k | €-10k | €-6k | €-10k | €19k | ▲ 280% |
| Financial income75/76B | €2k | €2k | €2k | €1k | €631 | ▼ 53.2% |
| Recurring financial income75 | €2k | €2k | €2k | €1k | €631 | ▼ 53.2% |
| Financial charges65/66B | €4k | €4k | €6k | €9k | €2k | ▼ 79.2% |
| Recurring financial charges65 | €4k | €4k | €6k | €9k | €2k | ▼ 79.2% |
| Profit (loss) for the period before taxes9903 | €23k | €-12k | €-10k | €-18k | €17k | ▲ 194% |
| Income taxes67/77 | €938 | - | - | - | - | - |
| Profit (loss) for the period9904 | €22k | €-12k | €-10k | €-18k | €17k | ▲ 194% |
| Profit (loss) for the period to be appropriated9905 | €22k | €-12k | €-10k | €-18k | €17k | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235k | €225k | €216k | €225k | €198k | ▼ 11.8% |
| Fixed assets21/28 | €154k | €144k | €133k | €129k | €130k | ▲ 0.4% |
| Tangible fixed assets22/27 | €154k | €144k | €133k | €129k | €130k | ▲ 0.4% |
| Land and buildings22 | €135k | €127k | €119k | €111k | €103k | ▼ 7.1% |
| Furniture and vehicles24 | - | - | - | €6k | €4k | ▼ 28.6% |
| Other tangible fixed assets26 | €19k | €16k | €14k | €12k | €22k | ▲ 87.3% |
| Current assets29/58 | €81k | €81k | €83k | €95k | €68k | ▼ 28.3% |
| Amounts receivable within one year40/41 | €62k | €71k | €81k | €67k | €58k | ▼ 14.0% |
| Trade receivables40 | €32k | €38k | €51k | €53k | €52k | ▼ 2.4% |
| Other amounts receivable41 | €30k | €32k | €30k | €14k | €6k | ▼ 58.7% |
| Cash at bank and in hand54/58 | €18k | €8k | €437 | €25k | €11k | ▼ 57.6% |
| Deferred charges and accrued income490/1 | €1k | €3k | €2k | €3k | €133 | ▼ 95.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235k | €225k | €216k | €225k | €198k | ▼ 11.8% |
| Equity10/15 | €34k | €22k | €12k | €-24k | €-6k | ▲ 72.9% |
| Contributions10/11 | €19k | €19k | €19k | €1k | €1k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €2k | €-8k | €-27k | €-9k | ▲ 65.0% |
| Amounts payable17/49 | €201k | €203k | €204k | €248k | €205k | ▼ 17.6% |
| Amounts payable after more than one year17 | €129k | €107k | €86k | €66k | €46k | ▼ 29.3% |
| Financial debts170/4 | €129k | €107k | €86k | €66k | €46k | ▼ 29.3% |
| Amounts payable within one year42/48 | €72k | €96k | €117k | €183k | €158k | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | €23k | €22k | €21k | €21k | €19k | ▼ 7.1% |
| Trade debts44 | €14k | €20k | €22k | €26k | €22k | ▼ 15.2% |
| Suppliers440/4 | €14k | €20k | €22k | €26k | €22k | ▼ 15.2% |
| Taxes, remuneration and social security45 | €35k | €53k | €60k | €121k | €105k | ▼ 13.7% |
| Taxes450/3 | €18k | €32k | €27k | €72k | €60k | ▼ 17.2% |
| Remuneration and social security454/9 | €17k | €21k | €33k | €49k | €45k | ▼ 8.6% |
| Other amounts payable47/48 | - | - | €15k | €15k | €13k | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €-12k | €-10k | €-18k | €17k | ▲ 194% |
| + Depreciation and write-downs630 | €11k | €10k | €10k | €11k | €12k | ▲ 10.2% |
| Operating cash flow (approximation) | €32k | €-2k | €399 | €-7k | €30k | ▲ 518% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-7k | €-13k | ▼ 80.3% |
| Change in cash | - | €-11k | €-7k | €25k | €-14k | ▼ 159% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-10
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 08-10-2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Soumagne · 1 establishment unit since 2020
Ground area
3,950 m²
Building footprint
1,002 m²
Volume, LiDAR
26,473 m³
2 parcels, Wallonia · tallest building 32.2 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LSIT
since 20202.308.803.304
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002D0257/02B000 | Wallonia | 2,709 m² | 1 · 845 m² | 32.2 m · 10 fl. |
| 62099D0092/00M000 | Wallonia | 1,241 m² | 1 · 156 m² | 7.3 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 4,845 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.