LIQTECH INTERNATIONAL INC
LIQTNasdaqIndustrials · Misc Industrial & Commercial Machinery & Equipment · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $16.5M | $14.6M | $18.0M | $16.0M | $18.3M | $22.5M |
| Operating income | −$8.3M | −$9.5M | −$7.8M | −$12.5M | −$10.7M | −$8.3M |
| Net income | −$8.5M | −$10.3M | −$8.6M | −$14.2M | −$11.1M | −$9.8M |
| Total assets | $27.3M | $32.4M | $36.0M | $40.1M | $45.1M | $42.2M |
| Total liabilities | $16.9M | $15.8M | $18.7M | $16.8M | $32.3M | $17.4M |
| Equity | $10.4M | $16.7M | $17.3M | $23.3M | $12.8M | $24.8M |
| EPS (diluted) | $-0.89 | $-1.64 | $-1.51 | $-3.20 | $-0.52 | $-0.46 |
| Shares out. | 9.6M | 5.8M | 45.3M | 21.4M | 21.7M | 20.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −50.3%
- Net margin
- −51.7%
- Return on equity
- −81.7%
- Return on assets
- −31.3%
- Return on capital (ROCE)
- −36.8%
- Liabilities / assets
- 62.0%
- Debt / equity
- 1.62×
- Book value / share
- $1.09
- Revenue growth (YoY)
- 13.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -10.03distress
- Accruals / assets
- −8.9%clean
- Beneish M-Score
- -2.90normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 15, 2011
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Bleichroeder LpActivist (13D)May 27, 2026
- Lytton Laurence WPassive (13G)Nov 14, 2025
- Andrews BenPassive (13G)Feb 11, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Chen FeiOfficer — Chief Executive Officer | Jan 3, 2026 | Tax withholding | 67,860 | $1.49 |
| Kowalczyk DavidOfficer — CFO and COO | Dec 19, 2025 | Grant | 94,368 | $0.00 |
| Chen FeiOfficer — Chief Executive Officer | Sep 12, 2025 | Tax withholding | 13,021 | $2.34 |
| Buehler Alexander JDirector | Jan 7, 2025 | Grant | 53,030 | $0.00 |
| Boswell PeytonDirector | Jan 7, 2025 | Grant | 28,158 | $0.00 |
| Chen FeiOfficer — Chief Executive Officer | Jan 7, 2025 | Grant | 201,335 | $0.00 |
| Kunz MartinDirector | Jan 7, 2025 | Grant | 26,516 | $0.00 |
| Meeusen Richard ADirector | Jan 7, 2025 | Grant | 29,294 | $0.00 |
| Chen FeiOfficer — Chief Executive Officer | Jan 3, 2025 | Tax withholding | 28,394 | $1.87 |
| Price Phillip MassieOfficer — Interim CFO | May 6, 2024 | Grant | 13,748 | $0.00 |
| Stadil Simon SeidelinOfficer — Chief Financial Officer | Jan 3, 2024 | Tax withholding | 17,163 | $3.51 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 61,844 | 3.6 | -9.8% |
| Apr 30, 2026 | 68,567 | 2.5 | -5.0% |
| Apr 15, 2026 | 72,157 | 3.7 | -13.1% |
| Mar 31, 2026 | 83,021 | 1.0 | +71.8% |
| Mar 13, 2026 | 48,327 | 4.5 | -24.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Unregistered equity saleJun 1, 2026
- Entered a material agreement · New financial obligationMay 26, 2026
- Director / officer change · Regulation FD disclosureFeb 18, 2026
- Director / officer change · Shareholder voteJun 6, 2025
- Director / officer change · Regulation FD disclosureJan 31, 2025
- Shareholder voteNov 13, 2024
- Entered a material agreement · Unregistered equity saleSep 27, 2024
- Director / officer changeJan 12, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KFORM 8-KJun 1, 2026
- S-1/AFORM S-1/AMay 28, 2026
- SCHEDULE 13D/AMay 27, 2026
- S-1FORM S-1May 27, 2026
- 8-KFORM 8-KMay 26, 2026
- 10-QFORM 10-QMay 13, 2026
- 3FORM 3Apr 15, 2026
- 10-K/AFORM 10-K/AMar 19, 2026
- 10-KFORM 10-KFeb 27, 2026
- 8-KFORM 8-KFeb 18, 2026
- S-8FORM S-8Jan 30, 2026
- 4FORM 4Jan 13, 2026
- 4FORM 4Jan 13, 2026
- DRSNov 26, 2025
- SCHEDULE 13G/ANov 14, 2025