B'Linea
ActiveSummary
B'Linea has been active since 1933 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€130,623) and a net result of -€54,773. Equity is shrinking by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 240 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+3
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.1 in 2024; short-term debt: 391% and cash: 4.9% of total assets), and equity is negative.
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Signals
Seven 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 · 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
-292%
Return on assets
-122.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€130,623
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
40 d late
2023
254 d late
2022
on the day
2021
19 d early
2020
25 d early
2019
22 d early
← 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 39 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
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. Usually files around 9 September (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Belgium, Furniture sector
Equity
-€130,623▼ 72.2%
2024 · -€75,850
Total assets
€44,734▼ 60.1%
2024 · €112,226
Net result
-€54,773▲ 1.1%
2024 · -€55,372
Working capital
-€159,955▲ 3.8%
2024 · -€166,193
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€62,340▼ 48.2%-€62,322=-€57,247▲ 8.1%-€55,882▲ 2.4%-€55,358▲ 0.9%
Net result-€49,540below the sector's middle half▼ 19.6%-€61,861below the sector's middle half▼ 24.9%-€56,716below the sector's middle half▲ 8.3%-€55,372below the sector's middle half▲ 2.4%-€54,773below the sector's middle half▲ 1.1%
Equity€94,758within the sector's middle half▼ 34.3%€32,897within the sector's middle half▼ 65.3%-€20,478below the sector's middle half-€75,850below the sector's middle half▼ 270%-€130,623below the sector's middle half▼ 72.2%
Total assets€312,118within the sector's middle half▼ 22.8%€244,004within the sector's middle half▼ 21.8%€172,383within the sector's middle half▼ 29.4%€112,226within the sector's middle half▼ 34.9%€44,734below the sector's middle half▼ 60.1%
Debt€200,512▼ 16.1%€198,471▼ 1.0%€186,665▼ 5.9%€184,978▼ 0.9%€175,357▼ 5.2%
Working capital-€172,827below the sector's middle half▲ 5.6%-€174,561below the sector's middle half▼ 1.0%-€169,694below the sector's middle half▲ 2.8%-€166,193below the sector's middle half▲ 2.1%-€159,955below the sector's middle half▲ 3.8%
Solvency30.4%within the sector's middle half▼ 5.3pp13.5%within the sector's middle half▼ 16.9pp-11.9%below the sector's middle half▼ 25.4pp-67.6%below the sector's middle half▼ 55.7pp-292.0%below the sector's middle half▼ 224.4pp
Current ratio0.14below the sector's middle half▼ 0.100.12below the sector's middle half▼ 0.020.08below the sector's middle half▼ 0.030.10below the sector's middle half▲ 0.020.09below the sector's middle half▼ 0.02
Return on assets (ROA)-15.9%below the sector's middle half▼ 5.6pp-25.4%below the sector's middle half▼ 9.5pp-32.9%below the sector's middle half▼ 7.5pp-49.3%below the sector's middle half▼ 16.4pp-122.4%below the sector's middle half▼ 73.1pp
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €55,358 in 2025 against €55,882 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,734
Fixed assets
€29,777 ▼ 68.1%
Current assets
€14,956 ▼ 20.4%
Equity and liabilities
Equity-€130,623
Debt€175,357
Equity is negative: debt (€175,357) exceeds the balance-sheet total (€44,734).
Key figures and ratios
EBITDA
€8,305▲
2024 · €7,782
Cash flow
€8,891▲
2024 · €8,292
Interest coverage
3.31▲
2024 · 3.01
Debt ≤ 1 year
€174,911▼
2024 · €184,978
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,621 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,027 | €63,664 | €63,664 | €63,664 | €63,664 | = |
| Other operating charges640/8 | €2,483 | €2,187 | €3,783 | €3,190 | €5,432 | ▲ 70.3% |
| Non-recurring operating charges66A | - | - | €84 | - | €0 | - |
| Gross operating margin9900 | €4,170 | €3,529 | €10,283 | €10,972 | €13,737 | ▲ 25.2% |
| Operating profit (loss)9901 | -€62,340 | -€62,322 | -€57,247 | -€55,882 | -€55,358 | ▲ 0.9% |
| Financial income75/76B | €12,859 | - | - | - | - | - |
| Recurring financial income75 | €12,859 | - | - | - | - | - |
| Non-recurring financial income76B | €12,859 | - | - | - | - | - |
| Financial charges65/66B | €4,272 | €3,751 | €2,568 | €2,588 | €2,513 | ▼ 2.9% |
| Recurring financial charges65 | €4,272 | €3,751 | €2,568 | €2,588 | €2,513 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | -€53,753 | -€66,073 | -€59,815 | -€58,470 | -€57,871 | ▲ 1.0% |
| Transfer from deferred taxes780 | €4,212 | €4,212 | €3,098 | €3,098 | €3,098 | = |
| Profit (loss) for the period9904 | -€49,540 | -€61,861 | -€56,716 | -€55,372 | -€54,773 | ▲ 1.1% |
| Transfer from tax-exempt reserves789 | €8,180 | €8,180 | €9,295 | €9,295 | €9,294 | = |
| Profit (loss) for the period to be appropriated9905 | -€41,360 | -€53,681 | -€47,422 | -€46,077 | -€45,479 | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,118 | €244,004 | €172,383 | €112,226 | €44,734 | ▼ 60.1% |
| Fixed assets21/28 | €284,433 | €220,769 | €157,105 | €93,441 | €29,777 | ▼ 68.1% |
| Tangible fixed assets22/27 | €283,904 | €220,240 | €156,576 | €92,912 | €29,249 | ▼ 68.5% |
| Land and buildings22 | €283,904 | €220,240 | €156,576 | €92,912 | €29,249 | ▼ 68.5% |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €529 | €529 | €529 | €529 | €529 | = |
| Current assets29/58 | €27,685 | €23,235 | €15,279 | €18,785 | €14,956 | ▼ 20.4% |
| Amounts receivable within one year40/41 | €9,840 | €4,337 | €5,688 | €5,694 | €11,765 | ▲ 107% |
| Trade receivables40 | €9,334 | €2,550 | €5,250 | €5,250 | €11,245 | ▲ 114% |
| Other amounts receivable41 | €506 | €1,787 | €438 | €444 | €520 | ▲ 17.1% |
| Cash at bank and in hand54/58 | €16,717 | €17,687 | €8,106 | €11,542 | €2,178 | ▼ 81.1% |
| Deferred charges and accrued income490/1 | €1,128 | €1,211 | €1,484 | €1,549 | €1,014 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,118 | €244,004 | €172,383 | €112,226 | €44,734 | ▼ 60.1% |
| Equity10/15 | €94,758 | €32,897 | -€20,478 | -€75,850 | -€130,623 | ▼ 72.2% |
| Contributions10/11 | €421,450 | €421,450 | €421,450 | €421,450 | €421,450 | = |
| Capital10 | €421,450 | €421,450 | €421,450 | €421,450 | €421,450 | = |
| Issued capital100 | €421,450 | €421,450 | €421,450 | €421,450 | €421,450 | = |
| Reserves13 | €210,624 | €202,443 | €196,490 | €187,196 | €177,902 | ▼ 5.0% |
| Non-distributable reserves130/1 | €42,145 | €42,145 | €42,145 | €42,145 | €42,145 | = |
| Legal reserve130 | €42,145 | €42,145 | €42,145 | €42,145 | €42,145 | = |
| Tax-exempt reserves132 | €126,089 | €117,908 | €111,955 | €102,661 | €93,367 | ▼ 9.1% |
| Distributable reserves133 | €42,390 | €42,390 | €42,390 | €42,390 | €42,390 | = |
| Profit (loss) carried forward14 | -€537,316 | -€590,997 | -€638,418 | -€684,496 | -€729,975 | ▼ 6.6% |
| Provisions and deferred taxes16 | €16,848 | €12,636 | €6,196 | €3,098 | €0 | ▼ 100% |
| Deferred taxes168 | €16,848 | €12,636 | €6,196 | €3,098 | €0 | ▼ 100% |
| Amounts payable17/49 | €200,512 | €198,471 | €186,665 | €184,978 | €175,357 | ▼ 5.2% |
| Amounts payable within one year42/48 | €200,512 | €197,797 | €184,972 | €184,978 | €174,911 | ▼ 5.4% |
| Trade debts44 | €617 | €1,645 | €0 | €3,109 | €0 | ▼ 100% |
| Suppliers440/4 | €617 | €1,645 | €0 | €3,109 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €3,925 | €4,952 | €3,772 | €2,683 | €3,711 | ▲ 38.3% |
| Taxes450/3 | €3,925 | €4,952 | €3,772 | €2,683 | €3,711 | ▲ 38.3% |
| Other amounts payable47/48 | €195,970 | €191,200 | €181,200 | €179,185 | €171,200 | ▼ 4.5% |
| Accrued charges and deferred income492/3 | - | €675 | €1,693 | - | €445 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,540 | -€61,861 | -€56,716 | -€55,372 | -€54,773 | ▲ 1.1% |
| + Depreciation and write-downs630 | €64,027 | €63,664 | €63,664 | €63,664 | €63,664 | = |
| Operating cash flow (approximation) | €14,486 | €1,803 | €6,947 | €8,292 | €8,891 | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €971 | -€9,581 | €3,436 | -€9,364 | ▼ 373% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 254 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€61,861
Net result drops to -€61,861, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1933
Ground area
678 m²
Building footprint
518 m²
Volume, LiDAR
13,921 m³
Parcel 21447B0306/00R028, Brussels · tallest building 30.7 m, ±9 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Louis Lepoutrelaan 65, 1050 Elsene
since 19332.003.632.196
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00R028 | Brussels | 678 m² | 1 · 518 m² | 30.6 m · 9 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 56 companies in this sector we hold annual accounts for 43. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded05-06-1933
Fiscal year end31-12
Activities, NACEBEL 2025
31003Manufacture of furniture
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400586739
Also
9925:BE0400586739
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.