DE LINDE
ActiveSummary
DE LINDE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82,218 and a net result of €64,119. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 29% of 2940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-17
Solvency39▲+11
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.61 in 2023; short-term debt: 73.2% and cash: 29.2% of total assets), and 86.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
13.8%
Return on assets
10.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
222 d late
2022
98 d late
2021
110 d late
2020
30 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 86 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€82,218▲ 354%
2023 · €18,099
Total assets
€595,328▼ 7.4%
2023 · €642,829
Net result
€64,119▼ 58.1%
2023 · €153,149
Working capital
-€125,268▲ 39.1%
2023 · -€205,655
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€18,123▼ 62.1%€44,768▲ 147%€216,420▲ 383%€239,927▲ 10.9%€115,911▼ 51.7%
Net result€14,239within the sector's middle half▼ 64.9%€44,718above the sector's middle half▲ 214%€187,802above the sector's middle half▲ 320%€153,149above the sector's middle half▼ 18.5%€64,119within the sector's middle half▼ 58.1%
Equity€80,962above the sector's middle half▲ 19.9%€125,680above the sector's middle half▲ 55.2%€125,482above the sector's middle half▼ 0.2%€18,099below the sector's middle half▼ 85.6%€82,218within the sector's middle half▲ 354%
Total assets€122,006within the sector's middle half▼ 16.9%€180,133within the sector's middle half▲ 47.6%€626,566above the sector's middle half▲ 248%€642,829within the sector's middle half▲ 2.6%€595,328within the sector's middle half▼ 7.4%
Debt€41,043▼ 48.2%€54,453▲ 32.7%€501,084▲ 820%€624,730▲ 24.7%€513,110▼ 17.9%
Working capital€49,003above the sector's middle half▲ 85.1%€68,623above the sector's middle half▲ 40.0%-€128,544below the sector's middle half-€205,655below the sector's middle half▼ 60.0%-€125,268below the sector's middle half▲ 39.1%
Solvency66.4%above the sector's middle half▲ 20.3pp69.8%above the sector's middle half▲ 3.4pp20.0%within the sector's middle half▼ 49.7pp2.8%below the sector's middle half▼ 17.2pp13.8%within the sector's middle half▲ 11.0pp
Current ratio2.19within the sector's middle half▲ 0.862.26within the sector's middle half▲ 0.070.66within the sector's middle half▼ 1.600.61below the sector's middle half▼ 0.050.71within the sector's middle half▲ 0.10
Return on assets (ROA)11.7%within the sector's middle half▼ 16.0pp24.8%above the sector's middle half▲ 13.2pp30.0%above the sector's middle half▲ 5.1pp23.8%above the sector's middle half▼ 6.1pp10.8%within the sector's middle half▼ 13.1pp
Staff (FTE)3.8within the sector's middle half▼ 15.6%3.8=17.1▲ 350%13.6within the sector's middle half▼ 20.5%12.6within the sector's middle half▼ 7.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €595,328
Fixed assets
€284,995 ▼ 11.6%
Current assets
€310,334 ▼ 3.1%
Equity and liabilities €595,328
Equity
€82,218 ▲ 354%
Debt
€513,110 ▼ 17.9%
Debt's share of the balance-sheet total falls from 97.2% to 86.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186,011▼
2023 · €311,337
Cash flow
€134,219▼
2023 · €224,558
Quick ratio
0.61▲
2023 · 0.52
Debt to equity
6.24▼
2023 · 34.52
ROE
78.0%▼
2023 · 846.2%
Interest coverage
6.11▼
2023 · 10.65
Debt ≤ 1 year
€435,602▼
2023 · €526,000
Debt > 1 year
€77,472▼
2023 · €98,685
Income taxes
€24,847▼
2023 · €57,886
Staff costs
€641,072▼
2023 · €660,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 2,613 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,770 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €50,575 | €351,767 | €660,707 | €641,072 | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,677 | €9,570 | €45,403 | €71,409 | €70,100 | ▼ 1.8% |
| Other operating charges640/8 | - | €4,232 | €1,365 | €1,414 | €1,467 | ▲ 3.8% |
| Non-recurring operating charges66A | - | - | €1,665 | €0 | €5,379 | - |
| Gross operating margin9900 | €127,135 | €109,146 | €616,620 | €973,457 | €833,929 | ▼ 14.3% |
| Operating profit (loss)9901 | €18,123 | €44,768 | €216,420 | €239,927 | €115,911 | ▼ 51.7% |
| Financial income75/76B | - | €193 | €241 | €344 | €3,504 | ▲ 920% |
| Recurring financial income75 | €31 | €193 | €241 | €344 | €3,504 | ▲ 920% |
| Financial charges65/66B | - | €485 | €27,950 | €29,237 | €30,450 | ▲ 4.1% |
| Recurring financial charges65 | €2,339 | €485 | €27,950 | €29,237 | €30,450 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €15,815 | €44,476 | €188,711 | €211,034 | €88,966 | ▼ 57.8% |
| Income taxes67/77 | €1,576 | -€242 | €909 | €57,886 | €24,847 | ▼ 57.1% |
| Profit (loss) for the period9904 | €14,239 | €44,718 | €187,802 | €153,149 | €64,119 | ▼ 58.1% |
| Transfer from tax-exempt reserves789 | - | €9,181 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14,239 | €53,899 | €187,802 | €153,149 | €64,119 | ▼ 58.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,006 | €180,133 | €626,566 | €642,829 | €595,328 | ▼ 7.4% |
| Fixed assets21/28 | €31,959 | €57,083 | €373,558 | €322,484 | €284,995 | ▼ 11.6% |
| Tangible fixed assets22/27 | €31,959 | €57,083 | €373,558 | €322,484 | €271,195 | ▼ 15.9% |
| Plant, machinery and equipment23 | - | €0 | €67,146 | €57,479 | €41,204 | ▼ 28.3% |
| Furniture and vehicles24 | - | €0 | €64,138 | €49,620 | €35,914 | ▼ 27.6% |
| Other tangible fixed assets26 | - | €57,083 | €242,275 | €215,385 | €194,076 | ▼ 9.9% |
| Financial fixed assets28 | - | - | - | - | €13,800 | - |
| Current assets29/58 | €90,046 | €123,050 | €253,007 | €320,345 | €310,334 | ▼ 3.1% |
| Stocks and contracts in progress3 | €3,480 | €0 | €37,604 | €47,893 | €43,208 | ▼ 9.8% |
| Stocks30/36 | - | €0 | €37,604 | €47,893 | €43,208 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €22,834 | €6,148 | €100,472 | €81,606 | €85,419 | ▲ 4.7% |
| Trade receivables40 | - | €2,689 | €23,371 | €43,673 | €13,393 | ▼ 69.3% |
| Other amounts receivable41 | - | €3,459 | €77,100 | €37,933 | €72,026 | ▲ 89.9% |
| Cash at bank and in hand54/58 | €51,558 | €112,290 | €108,151 | €181,265 | €173,539 | ▼ 4.3% |
| Deferred charges and accrued income490/1 | - | €4,611 | €6,782 | €9,581 | €8,168 | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,006 | €180,133 | €626,566 | €642,829 | €595,328 | ▼ 7.4% |
| Equity10/15 | €80,962 | €125,680 | €125,482 | €18,099 | €82,218 | ▲ 354% |
| Contributions10/11 | - | €18,550 | €18,550 | €0 | - | - |
| Reserves13 | €42,166 | €32,985 | €32,985 | €18,004 | €18,004 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €0 | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €31,130 | €31,130 | €18,004 | €18,004 | = |
| Profit (loss) carried forward14 | €20,246 | €74,145 | €73,947 | €95 | €64,214 | ▲ 67,296% |
| Amounts payable17/49 | €41,043 | €54,453 | €501,084 | €624,730 | €513,110 | ▼ 17.9% |
| Amounts payable after more than one year17 | - | - | €119,501 | €98,685 | €77,472 | ▼ 21.5% |
| Financial debts170/4 | - | - | €119,501 | €98,685 | €77,472 | ▼ 21.5% |
| Amounts payable within one year42/48 | €41,043 | €54,427 | €381,551 | €526,000 | €435,602 | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | - | - | €38,894 | €50,920 | €83,706 | ▲ 64.4% |
| Financial debts43 | - | - | €16 | €73 | €194 | ▲ 166% |
| Credit institutions430/8 | - | - | €16 | €73 | €194 | ▲ 166% |
| Trade debts44 | €5,941 | €20,147 | €79,712 | €98,710 | €96,202 | ▼ 2.5% |
| Suppliers440/4 | - | €20,147 | €79,712 | €98,710 | €96,202 | ▼ 2.5% |
| Advances received on contracts in progress46 | - | - | - | €267 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €4,665 | €74,930 | €111,560 | €103,377 | ▼ 7.3% |
| Taxes450/3 | - | €0 | €19,638 | €54,535 | €49,491 | ▼ 9.2% |
| Remuneration and social security454/9 | - | €4,665 | €55,292 | €57,026 | €53,886 | ▼ 5.5% |
| Other amounts payable47/48 | - | €29,614 | €188,000 | €264,470 | €152,123 | ▼ 42.5% |
| Accrued charges and deferred income492/3 | - | €26 | €31 | €46 | €36 | ▼ 21.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,239 | €44,718 | €187,802 | €153,149 | €64,119 | ▼ 58.1% |
| + Depreciation and write-downs630 | €11,677 | €9,570 | €45,403 | €71,409 | €70,100 | ▼ 1.8% |
| Operating cash flow (approximation) | €25,916 | €54,288 | €233,205 | €224,558 | €134,219 | ▼ 40.2% |
| Investment in fixed assets (approximation) | - | -€34,694 | -€361,878 | -€20,336 | -€32,610 | ▼ 60.4% |
| Change in cash | - | €60,732 | -€4,140 | €73,115 | -€7,726 | ▼ 111% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 222 days late
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
31-12
Financial
Highest result since 2018net €187,802 ▲320%
Net result €187,802, the highest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
31-12
Financial
Equity above €100,000Eq €125,680 ▲55.2%
4 profitable years in a row build equity to €125,680.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €14,239 ▼64.9%
Net result drops to €14,239, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
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
4 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, Schilde · 1 establishment unit since 1983
Ground area
9,897 m²
Building footprint
1,289 m²
Volume, LiDAR
6,488 m³
2 parcels, Flanders · tallest building 18.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DE LINDE
since 19832.021.967.176
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0274/00R002 | Flanders | 7,285 m² | 1 · 1,017 m² | 18.0 m · 1 fl. |
| 11040D0151/00B017 | Flanders | 2,612 m² | 1 · 272 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersChain of control
- Heydeca
- DE LINDE
Highest known parent: Heydeca. The sources do not say who stands above it.
Owners 2
- HeydecaparentSourceaccounts Heydeca 202462.52%
- Sourceaccounts Bermaso 202537.48%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchoten2.021.967.176
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CONCA SPECHIULLA
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,748 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-1983
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423739154
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.