ACTIVE

LTCS

Financial year 2025 · closed on 31/12/2025
Net result
121,2 k €
+49.8% YoY
Gross margin
217,7 k €
+23.6% YoY
Equity
814,5 k €
-3.7% YoY

What does LTCS do?

LTCS is a Public limited company incorporated in 1993. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Haacht.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0451.417.412
Incorporation
09/11/1993
Legal form
Public limited company
Registered office
Keerbergsesteenweg 40
3150 Haacht · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin217,7 k €176,1 k €512,6 k €57,8 k €82 k €-18,5 k €-19,4 k €1,6 k €146,1 k €-631 €73,3 k €-52,8 k €-22,3 k €-16,7 k €10,6 k €10,4 k €6,3 k €64,2 k €137,2 k €100,1 k €
EBITDA216,3 k €172,6 k €483,9 k €-2,6 k €23,9 k €-19,7 k €-59 k €1,3 k €145,7 k €-978 €72,9 k €-53,1 k €-23,9 k €-17 k €6,4 k €9,7 k €-569 €62,7 k €137,2 k €97,6 k €
Operating result186,7 k €143,3 k €419,3 k €-57,8 k €-17,8 k €-56,9 k €-96,3 k €-6,7 k €133 k €-23,6 k €50,3 k €-78,3 k €-41,9 k €-31,9 k €-20,7 k €-17,2 k €-27,6 k €42,5 k €115,8 k €87,7 k €
Net result121,2 k €80,9 k €326,2 k €-79 k €-31,1 k €-61,1 k €-25,7 k €-311 €84 k €-1 k €39,7 k €45,6 k €21,8 k €29,9 k €48,6 k €-9,2 k €-13,2 k €29,7 k €82,9 k €60,2 k €
Balance sheet
Equity814,5 k €845,6 k €665,9 k €689,2 k €768,2 k €799,3 k €860,4 k €538,1 k €538,4 k €454,4 k €455,5 k €415,7 k €370,1 k €348,4 k €318,5 k €269,9 k €279,1 k €292,3 k €281,6 k €198,7 k €
Total assets1,6 M €1,5 M €1,4 M €1,8 M €1,5 M €1,1 M €1,2 M €538,8 k €617,8 k €455,5 k €509,5 k €594,1 k €580,4 k €630,7 k €497,9 k €522,2 k €528,5 k €572 k €565,8 k €514,4 k €
Cash111 k €69,4 k €76,6 k €14,1 k €11,7 k €5,5 k €10,8 k €9,6 k €287 k €67,7 k €98,5 k €165,6 k €146,4 k €80,9 k €10,7 k €7,5 k €760 €172,7 k €76 k €199,5 k €
Debts707,9 k €619,8 k €678,3 k €1,1 M €754,7 k €289 k €316,3 k €668 €79,4 k €1 k €32,1 k €67,1 k €10,4 k €17,8 k €63 k €63,5 k €50,6 k €73,5 k €98,8 k €123,7 k €
Other
Workforce0,0 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Cyriel Vanlancker

Managing director · since 18 décembre 2024 · until 17 décembre 2030

Active

Ended mandates

FSD

Director · since 20 novembre 2019 · until 20 novembre 2025 · 0821.957.907

Represented by Marie Vanlancker

Ended
FSD

Director · since 20 novembre 2019 · 0821.957.907

Represented by Marie VANLANCKER

Ended
TLZ

Director · since 20 novembre 2019 · until 20 novembre 2025 · 0639.968.980

Represented by Cyriel Vanlancker

Ended
TLZ

Managing director · since 20 novembre 2019 · 0639.968.980

Represented by Cyriel VANLANCKER

Ended
At this address

Other companies at this address

CompanyCBE no.
0694.728.450
DEVEBEActive
0464.987.316
FSDActive
0821.957.907
UNOActive
0713.690.564
0692.926.923
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/08/202622/07/202517/07/202418/07/202331/08/202231/08/2021
General meeting29/05/202630/05/202531/05/202426/05/202317/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/05/202612/08/2026DutchPDF
Micro model31/12/202430/05/202522/07/2025DutchPDF
Abridged model31/12/202331/05/202417/07/2024DutchPDF
Abridged model31/12/202226/05/202318/07/2023DutchPDF
Abridged model31/12/202117/06/202231/08/2022DutchPDF
Abridged model31/12/202030/06/202131/08/2021DutchPDF
Abridged model31/12/201931/08/202002/10/2020DutchPDF
Abridged model31/12/201803/06/201924/06/2019DutchPDF
Abridged model31/12/201720/06/201828/06/2018DutchPDF
Abridged model31/12/201606/06/201726/06/2017DutchPDF
Abridged model31/12/201518/06/201628/06/2016DutchPDF
Abridged model31/12/201408/06/201511/06/2015DutchPDF
Abridged model31/12/201325/06/201423/07/2014DutchPDF
Abridged model31/12/201226/06/201304/07/2013DutchPDF
Abridged model31/12/201127/06/201226/07/2012DutchPDF
Abridged model31/12/201015/06/201111/07/2011DutchPDF
Abridged model31/12/200930/06/201021/07/2010DutchPDF
Abridged model31/12/200822/06/200917/07/2009DutchPDF
Abridged model31/12/200730/06/200829/07/2008DutchPDF
Abridged model31/12/200626/06/200725/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Cyriel Vanlancker

Managing director · since 18 décembre 2024 · until 17 décembre 2030

Active

Ended mandates

FSD

Director · since 20 novembre 2019 · until 20 novembre 2025 · 0821.957.907

Represented by Marie Vanlancker

Ended
FSD

Director · since 20 novembre 2019 · 0821.957.907

Represented by Marie VANLANCKER

Ended
TLZ

Director · since 20 novembre 2019 · until 20 novembre 2025 · 0639.968.980

Represented by Cyriel Vanlancker

Ended
TLZ

Managing director · since 20 novembre 2019 · 0639.968.980

Represented by Cyriel VANLANCKER

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office04/03/2026
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Restructuring10/03/2025
    ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring11/10/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates23/01/2020
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring02/09/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates08/08/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/12/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/04/2014
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025121,2 k €
  2. 2024
    Annual accounts 202480,9 k €
  3. 2023
    Annual accounts 2023326,2 k €
  4. 2022
    Annual accounts 2022-79 k €
  5. 2021
    Annual accounts 2021-31,1 k €
  6. 2020
    Annual accounts 2020-61,1 k €
  7. 2019
    Annual accounts 2019-25,7 k €
  8. 2019
    Name changeLTCS
  9. 2018
    Annual accounts 2018-311 €
  10. 2017
    Annual accounts 201784 k €
  11. 2016
    Annual accounts 2016-1 k €
  12. 2015
    Annual accounts 201539,7 k €
  13. 2014
    Annual accounts 201445,6 k €
  14. 2013
    Annual accounts 201321,8 k €
  15. 2012
    Annual accounts 201229,9 k €
  16. 2011
    Annual accounts 201148,6 k €
  17. 2010
    Annual accounts 2010-9,2 k €
  18. 2009
    Annual accounts 2009-13,2 k €
  19. 2008
    Annual accounts 200829,7 k €
  20. 2007
    Annual accounts 200782,9 k €
  21. 2006
    Annual accounts 200660,2 k €
  22. 2006
    Name changeDUPLEX
  23. 09/11/1993
    IncorporationPublic limited company