A LINE
ActiveSummary
A LINE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,802 and a net result of -€2,243. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 78% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-3
Solvency100▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.15 against 3.76 in 2024; short-term debt: 24.1% and cash: 0% of total assets), and 24.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.9%
Return on assets
-1.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
on the day
2022
17 d late
2021
30 d late
2020
61 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€99,802▼ 2.2%
2024 · €102,045
Total assets
€131,523▼ 5.4%
2024 · €138,979
Net result
-€2,243▼ 275%
2024 · -€597
Working capital
€99,802▼ 2.2%
2024 · €102,045
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€913▼ 10.5%€152▼ 83.4%-€7,454-€646▲ 91.3%-€2,353▼ 264%
Net result€672▲ 7.6%€112▼ 83.4%-€7,606-€597▲ 92.1%-€2,243▼ 275%
Equity€110,136▲ 0.6%€110,248▲ 0.1%€102,642▼ 6.9%€102,045▼ 0.6%€99,802▼ 2.2%
Total assets€192,907▲ 3.4%€190,297▼ 1.4%€159,858▼ 16.0%€138,979▼ 13.1%€131,523▼ 5.4%
Debt€82,771▲ 7.4%€80,049▼ 3.3%€57,216▼ 28.5%€36,934▼ 35.4%€31,722▼ 14.1%
Working capital€110,136▲ 0.6%€110,248▲ 0.1%€102,642▼ 6.9%€102,045▼ 0.6%€99,802▼ 2.2%
Staff (FTE)1=1=0.2▼ 80.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,353 in 2025 against €646 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €131,523
Equity
€99,802 ▼ 2.2%
Debt
€31,722 ▼ 14.1%
Debt's share of the balance-sheet total falls from 26.6% to 24.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
4.15▲
2024 · 3.76
Debt to equity
0.32▼
2024 · 0.36
ROE
-2.2%▼
2024 · -0.6%
ROA
-1.7%▼
2024 · -0.4%
Debt ≤ 1 year
€31,722▼
2024 · €36,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21,473 | €4,041 | €0 | - | - |
| Other operating charges640/8 | - | €459 | €450 | €602 | €505 | ▼ 16.1% |
| Gross operating margin9900 | €19,728 | €22,084 | -€2,964 | -€44 | -€1,847 | ▼ 4,098% |
| Operating profit (loss)9901 | €913 | €152 | -€7,454 | -€646 | -€2,353 | ▼ 264% |
| Financial income75/76B | - | €0 | €0 | €85 | €140 | ▲ 65.7% |
| Recurring financial income75 | - | €0 | €0 | €85 | €140 | ▲ 65.7% |
| Financial charges65/66B | - | - | €151 | €35 | €30 | ▼ 15.4% |
| Recurring financial charges65 | - | - | €151 | €35 | €30 | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €913 | €152 | -€7,606 | -€597 | -€2,243 | ▼ 275% |
| Income taxes67/77 | €241 | €40 | €0 | - | - | - |
| Profit (loss) for the period9904 | €672 | €112 | -€7,606 | -€597 | -€2,243 | ▼ 275% |
| Profit (loss) for the period to be appropriated9905 | €672 | €112 | -€7,606 | -€597 | -€2,243 | ▼ 275% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €192,907 | €190,297 | €159,858 | €138,979 | €131,523 | ▼ 5.4% |
| Current assets29/58 | €192,907 | €190,297 | €159,858 | €138,979 | €131,523 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €191,866 | €186,778 | €159,120 | €137,292 | €131,491 | ▼ 4.2% |
| Trade receivables40 | - | €104,297 | €76,639 | €54,811 | €46,873 | ▼ 14.5% |
| Other amounts receivable41 | - | €82,481 | €82,481 | €82,481 | €84,618 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €174 | €2,652 | €738 | €1,687 | €33 | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | €867 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €192,907 | €190,297 | €159,858 | €138,979 | €131,523 | ▼ 5.4% |
| Equity10/15 | €110,136 | €110,248 | €102,642 | €102,045 | €99,802 | ▼ 2.2% |
| Contributions10/11 | €33,466 | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Capital10 | - | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Issued capital100 | - | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Reserves13 | €3,347 | €3,347 | €3,347 | €3,347 | €3,347 | = |
| Non-distributable reserves130/1 | - | €3,347 | €3,347 | €3,347 | €3,347 | = |
| Legal reserve130 | - | €3,347 | €3,347 | €3,347 | €3,347 | = |
| Profit (loss) carried forward14 | €73,324 | €73,435 | €65,830 | €65,232 | €62,990 | ▼ 3.4% |
| Amounts payable17/49 | €82,771 | €80,049 | €57,216 | €36,934 | €31,722 | ▼ 14.1% |
| Amounts payable within one year42/48 | €82,771 | €80,049 | €57,216 | €36,934 | €31,722 | ▼ 14.1% |
| Trade debts44 | €35,488 | €38,102 | €32,514 | €16,313 | €13,600 | ▼ 16.6% |
| Suppliers440/4 | - | €38,102 | €32,514 | €16,313 | €13,600 | ▼ 16.6% |
| Taxes, remuneration and social security45 | - | €3,961 | €281 | €0 | - | - |
| Taxes450/3 | - | €964 | €40 | €0 | - | - |
| Remuneration and social security454/9 | - | €2,996 | €240 | €0 | - | - |
| Other amounts payable47/48 | - | €37,986 | €24,422 | €20,622 | €18,122 | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €672 | €112 | -€7,606 | -€597 | -€2,243 | ▼ 275% |
| Operating cash flow (approximation) | €672 | €112 | -€7,606 | -€597 | -€2,243 | ▼ 275% |
| Change in cash | - | €2,478 | -€1,914 | €949 | -€1,655 | ▼ 274% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€7,606
Net result drops to -€7,606, the lowest in the series; recovery starts the following year.
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €672 ▲7.6%
Net result €672, the highest in the series.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 149 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial 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, Brecht
Ground area
5,752 m²
Building footprint
816 m²
Volume, LiDAR
6,230 m³
Parcel 11042B0070/00F000, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042B0070/00F000 | Flanders | 5,752 m² | 1 · 816 m² | 14.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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PANDION EUROPE
BE 0545.745.853
Bredene · Eq €100,701
NF WOOD
BE 0670.858.928
Fléron · Eq €100,836
DE COSTER & ZONEN
BE 0597.711.030
Haacht · Eq €100,962
Georges Bertrand et Cie
BE 0421.939.805
Donceel · Eq €103,309
Of 840 companies in sector 46810 we hold annual accounts for 473. 286 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
Founded05-06-1986
Fiscal year end31-03
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
47300Retail sale of automotive fuel
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429139480
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.