De Linde
ActiveSummary
De Linde has been active since 1935 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €628k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 688 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency25▼-44
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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
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
0.3%
Return on assets
28.4%
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 688 sector peers (2025).
NBB · sector comparisonPosition among 688 sector peers
Solvency
better than 22%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
9 d early
2023
23 d early
2022
48 d early
2021
51 d late
2020
5 d early
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.29M▼ 4.0%
2024 · €1.34M
2021: €625k
2022: €850k
2023: €1.17M
2024: €1.34M
2021 → 2025
EBIT margin
65.4%▲ 10.8pp
2024 · 54.6%
2021: 3.5%
2022: 28.3%
2023: 36.0%
2024: 54.6%
2021 → 2025
Net result
€628k▲ 14.0%
2024 · €551k
2018: €65k
2019: €110k
2020: €-270k
2021: €-53k
2022: €193k
2023: €307k
2024: €551k
2018 → 2025
Working capital
€167k▼ 84.5%
2024 · €1.07M
2018: €-41k
2019: €-121k
2020: €-387k
2021: €-281k
2022: €-37k
2023: €485k
2024: €1.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€625k-€850k▲ 35.9%€1.17M▲ 37.1%€1.34M▲ 15.1%€1.29M▼ 4.0%
Equity€-269k-€-76k▲ 71.8%€231k€782k▲ 238%€6k▼ 99.2%
Operating result€22k-€241k▲ 998%€419k▲ 74.3%€732k▲ 74.7%€842k▲ 15.0%
Net result€-53k-€193k€307k▲ 58.9%€551k▲ 79.6%€628k▲ 14.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.21M
Fixed assets
€354k ▲ 72.5%
Current assets
€1.86M ▲ 18.3%
Equity and liabilities €2.21M
Equity
€6k ▼ 99.2%
Debt
€2.21M ▲ 122%
Debt's share of the balance-sheet total rises from 56.0% to 99.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€905k▲
2024 · €808k
Cash flow
€691k▲
2024 · €627k
Current ratio
1.10▼
2024 · 3.16
ROA
28.4%▼
2024 · 31.0%
Interest coverage
73.56▲
2024 · 31.62
Debt ≤ 1 year
€1.69M▲
2024 · €497k
Debt > 1 year
€515k▲
2024 · €498k
Income taxes
€202k▲
2024 · €183k
Staff costs
€46k▲
2024 · €30k
A ratio outside any meaningful range has been withheld (balance sheet total €2.21M, equity €6k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.78M€2.21M▲
Fixed assets21/28€205k€354k▲
Tangible fixed assets22/27€205k€354k▲
Land and buildings22€148k€314k▲
Plant, machinery and equipment23€54k€33k▼
Furniture and vehicles24€3k€7k▲
Current assets29/58€1.57M€1.86M▲
Amounts receivable within one year40/41€1.56M€1.84M▲
Trade receivables40€103k€203k▲
Other amounts receivable41€1.46M€1.64M▲
Cash at bank and in hand54/58€10k€11k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.78M€2.21M▲
Equity10/15€782k€6k▼
Contributions10/11€6k€6k=
Reserves13€0€0=
Tax-exempt reserves132€0€0=
Profit (loss) carried forward14€776k-
Amounts payable17/49€996k€2.21M▲
Amounts payable after more than one year17€498k€515k▲
Financial debts170/4€106k€152k▲
Other amounts payable178/9€392k€363k▼
Amounts payable within one year42/48€497k€1.69M▲
Current portion of amounts payable after more than one year42€247k€111k▼
Financial debts43€29k€29k=
Credit institutions430/8€29k€29k=
Trade debts44€55k€24k▼
Suppliers440/4€55k€24k▼
Taxes, remuneration and social security45€67k€24k▼
Taxes450/3€65k€22k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€100k€1.50M▲
Income statement
Code20242025
Turnover70€1.34M€1.29M▼
Goods, raw materials, services and sundry goods60/61€457k€288k▼
Remuneration, social security and pensions62€30k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€63k▼
Other operating charges640/8€47k€49k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€887k€1.00M▲
Operating profit (loss)9901€732k€842k▲
Financial income75/76B€27k€79▼
Recurring financial income75€27k€79▼
Financial charges65/66B€26k€12k▼
Recurring financial charges65€26k€12k▼
Profit (loss) for the period before taxes9903€734k€830k▲
Income taxes67/77€183k€202k▲
Profit (loss) for the period9904€551k€628k▲
Profit (loss) for the period to be appropriated9905€551k€628k▲
Appropriation of the result
Profit (loss) to be appropriated9906€776k€1.40M▲
Profit (loss) brought forward from the previous period14P€225k€776k▲
Profit to be distributed694/7-€1.40M
Return on contributions (dividend)694-€1.40M
Social balance
Average headcount (FTE)90870.91.6▲
The notes to these accounts (10 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €628k ▲14%
Operating result €842k, net result €628k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €782k ▲238%
3 profitable years in a row build equity to €782k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.78
Current ratio from 0.88 to 2.78; short-term debt falls from €318k to €272k.
31-12
Financial
Equity above €200kEq €231k
2 profitable years in a row build equity to €231k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €193k
Net result €193k after 2 loss-making years.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 51 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-270k ▼346%
Net result drops to €-270k, the lowest in the series; recovery starts the following year.
Show earlier events
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
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.
Directors · office · real estate
Directors
5 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, Retie · 1 establishment unit since 2006
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.
Kasteelstraat 672470 RetieGround area
1.1 ha
Building footprint
2,284 m²
Volume, LiDAR
10,705 m³
Parcel 13036H0683/00V000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Linde
since 20062.155.269.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036H0683/00V000 | Flanders | 1.1 ha | 1 · 2,284 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Dual-learning approval
5 endedHulpkelner (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Hulpkok (so)
Keukenmedewerker (so)
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Gisèle
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Moerstraat 9
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Of 3,000 companies in sector 55203 we hold annual accounts for 690. 257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1935
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.