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De Linde

Active
Non-profit associationfounded 1983active for 43 yearsLindestraat (P.) 16, 9790 Wortegem-Petegem, BelgiumKBO/BCE: BE 0425.773.085
Summary

De Linde has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €62,128. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 44% of 480 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Social work activities without accommodation
NACE 88101Residential care activities NACE 87301
Largest company by total assets in Wortegem-Petegem, Health and social work sector1 site
Size
€5.5mturnover 2025
Staff
71.4 FTE
Equity
€3.2m
Surplus
€62,128
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts 51 days early1 of 6 deeds read
Why 93lowers riskLegal form: non-profit associationLiquidity: current ratio 1.52, cash €1.2mSector: Social work activities without accommodation (NACE 88)Equity €3.2m (49.5% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 88, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 74+1
equity 49.5% of total assets
Liquidity 67+1
short-term debt 19.6% · cash 18.8%
Profitability 62+25
return on assets 1.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (218 companies, NACE 88, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €290,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.52, compared with 1.48 in 2024, above the usual 1.5; short-term debt: 19.6% and cash: 18.8% of total assets), but 50.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, medium-sized): better than 40% on solvency, 59% on liquidity, 33% on profitability and 54% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 1.52, cash €1.2m
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
lowers risk · Equity €3.2m (49.5% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.2m
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 days early
2024
35 days early
2023
23 days early
2022
33 days early
2021
25 days early
2020
44 days early
2019
15 days 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 32 days before the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Back to profitnet €62,128
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Back in profit in 2025after -€151,989 in 2024 €62,128 View
  • Positive: Largest company by total assets in Wortegem-Petegem, Health and social work sectorin the Checked rankings No. 1 View
  • Positive: 7 years of growth in a rowturnover 2025: €5.5m 7 years View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Flemish supportawarded from 2022 to 2025 €3.5m View

By topic

Financials

Financial year
2025
Turnover
€5.5m
Profit
€62,128
Solvency
49.5%
Turnover▲ 5.9%
Net result
20182025
Go to Financials

Timeline

Events
23
Since
2011
Next accounts
by 31-07-2027
  1. 31-12-2024Liquidity more than doubled
  2. 31-12-2024Equity above €2m
  3. 17-07-2024Appointments: Daniel Lemey (director) and VRC bedrijfsrevisoren…
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88101
Founded
16-08-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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