BELINE
ActiveBELINE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.61M and a net result of €497k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 85% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 5.08 in 2024; short-term debt: 20% and cash: 21.6% of total assets), and 24.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.2%
Return on assets
10.3%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
68 d late
2022
31 d late
2021
31 d late
2020
40 d late
2019
14 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.61M▼ 8.8%
2024 · €3.96M
2018: €2.10M
2019: €2.28M
2020: €2.61M
2021: €3.02M
2022: €3.22M
2023: €3.61M
2024: €3.96M
2018 → 2025
Total assets
€4.80M▼ 0.4%
2024 · €4.82M
2018: €2.65M
2019: €2.79M
2020: €3.14M
2021: €3.66M
2022: €4.07M
2023: €4.50M
2024: €4.82M
2018 → 2025
Net result
€497k▼ 13.3%
2024 · €573k
2018: €203k
2019: €186k
2020: €329k
2021: €492k
2022: €448k
2023: €483k
2024: €573k
2018 → 2025
Working capital
€2.04M▼ 11.5%
2024 · €2.31M
2018: €1.39M
2019: €1.60M
2020: €1.92M
2021: €2.22M
2022: €2.02M
2023: €1.98M
2024: €2.31M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.02M-€3.22M▲ 6.8%€3.61M▲ 11.9%€3.96M▲ 9.9%€3.61M▼ 8.8%
Operating result€620k-€516k▼ 16.8%€572k▲ 10.7%€709k▲ 24.0%€592k▼ 16.5%
Net result€492k-€448k▼ 8.9%€483k▲ 7.8%€573k▲ 18.6%€497k▼ 13.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.80M
Fixed assets
€1.80M▼ 7.8%
Current assets
€3.01M▲ 4.6%
Equity and liabilities €4.80M
Equity
€3.61M▼ 8.8%
Debt
€1.19M▲ 38.3%
The debt ratio rises from 17.8% to 24.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€765k▼
2024 · €870k
Cash flow
€670k▼
2024 · €734k
Solvency
75.2%▼
2024 · 82.2%
Current ratio
3.12▼
2024 · 5.08
Quick ratio
2.06▼
2024 · 3.60
Debt / equity
0.33▲
2024 · 0.22
ROE
13.7%▼
2024 · 14.5%
ROA
10.3%▼
2024 · 11.9%
Interest coverage
19.93▼
2024 · 27.89
Debt
€1.19M▲
2024 · €861k
Debt ≤ 1 year
€963k▲
2024 · €566k
Debt > 1 year
€223k▼
2024 · €272k
Income taxes
€185k▼
2024 · €200k
Staff costs
€668k▲
2024 · €603k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.82M€4.80M▼
Fixed assets21/28€1.95M€1.80M▼
Tangible fixed assets22/27€1.95M€1.80M▼
Land and buildings22€1.88M€1.74M▼
Plant, machinery and equipment23€2k€0▼
Furniture and vehicles24€62k€55k▼
Other tangible fixed assets26€4k€2k▼
Current assets29/58€2.88M€3.01M▲
Stocks and contracts in progress3€835k€1.02M▲
Stocks30/36€835k€1.02M▲
Amounts receivable within one year40/41€124k€118k▼
Trade receivables40€47k€78k▲
Other amounts receivable41€77k€40k▼
Current investments50/53€970k€810k▼
Cash at bank and in hand54/58€897k€1.04M▲
Deferred charges and accrued income490/1€50k€21k▼
Equity and liabilities
Total equity and liabilities10/49€4.82M€4.80M▼
Equity10/15€3.96M€3.61M▼
Contributions10/11€566k€19k▼
Reserves13€3.40M€3.59M▲
Tax-exempt reserves132€203k€203k=
Distributable reserves133€3.20M€3.39M▲
Profit (loss) carried forward14€87€137▲
Amounts payable17/49€861k€1.19M▲
Amounts payable after more than one year17€272k€223k▼
Financial debts170/4€272k€223k▼
Amounts payable within one year42/48€566k€963k▲
Current portion of amounts payable after more than one year42€48k€49k▲
Trade debts44€154k€240k▲
Suppliers440/4€154k€240k▲
Taxes, remuneration and social security45€147k€114k▼
Taxes450/3€53k€34k▼
Remuneration and social security454/9€94k€81k▼
Other amounts payable47/48€217k€559k▲
Accrued charges and deferred income492/3€23k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€603k€668k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161k€173k▲
Other operating charges640/8€9k€13k▲
Gross operating margin9900€1.48M€1.45M▼
Operating profit (loss)9901€709k€592k▼
Financial income75/76B€95k€128k▲
Recurring financial income75€95k€128k▲
Financial charges65/66B€31k€38k▲
Recurring financial charges65€31k€38k▲
Profit (loss) for the period before taxes9903€773k€682k▼
Income taxes67/77€200k€185k▼
Profit (loss) for the period9904€573k€497k▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€573k€497k▼
Appropriation of the result
Profit (loss) to be appropriated9906€573k€497k▼
Profit (loss) brought forward from the previous period14P€261€87▼
Transfer from equity791/2€109k€0▼
Transfer to equity691/2€446k€197k▼
To other reserves6921€446k€197k▼
Profit to be distributed694/7€237k€300k▲
Return on contributions (dividend)694€237k€300k▲
Social balance
Average headcount (FTE)908711.411.8▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €573k ▲18.6%
Operating result €709k, net result €573k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €186k ▼8.5%
Net result drops to €186k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 49 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lendelede · 2 establishment units since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijksweg 48860 LendeledeGround area
1,687 m²
Building footprint
764 m²
Volume, LiDAR
4,934 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Lingerie Ohlala!
since 20052.147.407.774
BELINE
since 20242.363.387.776
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025C0335/00D003 | Flanders | 1,385 m² | 1 · 461 m² | 9.3 m · 2 fl. |
| 34025B0570/00H000 | Flanders | 302 m² | 1 · 302 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 5 entries · 4,846 EUR awarded · 4,682 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 0 EUR | 4,218 EUR |
| 2024 | 2 | 4,846 EUR | 464 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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PHLOX
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PIRO INVEST
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AFH BELGIUM
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Of 6,501 companies in sector 47716 we hold annual accounts for 2,439. 499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1999
Fiscal year end31-12
Activities, NACEBEL
47714Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
52425
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.