DE LINDE
ActiveDE LINDE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €12k. Equity is growing by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 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
Profitability93▼-6
Solvency42▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 51.6 against 32.35 in 2024; short-term debt: 1.8% and cash: 51.8% of total assets), but 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d early
2023
2 d early
2022
35 d late
2021
on the day
2020
4 d late
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k
2024 · €-1k
2019: €-21k
2020: €-30k
2021: €-36k
2022: €-29k
2023: €-14k
2024: €-1k
2019 → 2025
Total assets
€62k▲ 13.9%
2024 · €54k
2019: €47k
2020: €37k
2021: €39k
2022: €37k
2023: €50k
2024: €54k
2019 → 2025
Net result
€12k▼ 7.5%
2024 · €13k
2019: €2k
2020: €-9k
2021: €-6k
2022: €7k
2023: €14k
2024: €13k
2019 → 2025
Working capital
€57k▲ 16.4%
2024 · €49k
2019: €-18k
2020: €27k
2021: €19k
2022: €33k
2023: €44k
2024: €49k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-36k-€-29k▲ 20.4%€-14k▲ 50.2%€-1k▲ 90.7%€11k
Operating result€-6k-€7k€17k▲ 129%€13k▼ 22.8%€12k▼ 8.0%
Net result€-6k-€7k€14k▲ 96.1%€13k▼ 10.1%€12k▼ 7.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€4k▼ 1.7%
Current assets
€58k▲ 15.1%
Equity and liabilities €62k
Equity
€11k
Debt
€51k
Debt finances 82.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€13k▼
2024 · €14k
Cash flow
€13k▼
2024 · €14k
Solvency
17.2%▲
2024 · -2.5%
Current ratio
51.60▲
2024 · 32.35
Quick ratio
37.42▲
2024 · 23.42
Debt / equity
4.80▲
2024 · -41.73
ROE
112.5%
ROA
19.4%▼
2024 · 23.9%
Interest coverage
204.18▲
2024 · 119.70
Debt
€51k▼
2024 · €56k
Debt ≤ 1 year
€1k▼
2024 · €2k
Debt > 1 year
€50k▼
2024 · €54k
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€54k€62k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€4k€4k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€0-
Current assets29/58€50k€58k▲
Stocks and contracts in progress3€14k€16k▲
Stocks30/36€14k€16k▲
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€27k€32k▲
Deferred charges and accrued income490/1€426€416▼
Equity and liabilities
Total equity and liabilities10/49€54k€62k▲
Equity10/15€-1k€11k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-63k€-51k▲
Amounts payable17/49€56k€51k▼
Amounts payable after more than one year17€54k€50k▼
Other amounts payable178/9€54k€50k▼
Amounts payable within one year42/48€2k€1k▼
Trade debts44€45€981▲
Suppliers440/4€45€981▲
Advances received on contracts in progress46-€132
Taxes, remuneration and social security45€2k€12▼
Taxes450/3€2k€0▼
Remuneration and social security454/9-€12
Other amounts payable47/48€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€979€962▼
Other operating charges640/8€879€732▼
Gross operating margin9900€15k€14k▼
Operating profit (loss)9901€13k€12k▼
Financial income75/76B€7€23▲
Recurring financial income75€7€23▲
Financial charges65/66B€117€64▼
Recurring financial charges65€117€64▼
Profit (loss) for the period before taxes9903€13k€12k▼
Income taxes67/77€0-
Profit (loss) for the period9904€13k€12k▼
Profit (loss) for the period to be appropriated9905€13k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€-51k▲
Profit (loss) brought forward from the previous period14P€-76k€-63k▲
The notes to these accounts (6 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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 32.35
Current ratio from 10.00 to 32.35; short-term debt falls from €5k to €2k.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €14k ▲96.1%
Operating result €17k, net result €14k, both a record.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
30-06
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
30-06
Financial
Liquidity times 10current ratio 22.89
Current ratio from 2.25 to 22.89; short-term debt falls from €16k to €2k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
30-06
Financial
Weakest financial yearnet €-9k ▼521%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 23current ratio 15.26
Current ratio from 0.65 to 15.26; short-term debt falls from €52k to €2k.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
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
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, Middelkerke · 1 establishment unit since 1989
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.
Spermaliestraat 2308433 MiddelkerkeGround area
1,149 m²
Building footprint
449 m²
Volume, LiDAR
1,760 m³
Parcel 35018B0402/00V002, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DE LINDE
since 19892.045.841.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35018B0402/00V002 | Flanders | 1,149 m² | 1 · 449 m² | 6.3 m · 1 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.
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PORT2PORT
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Of 1,508 companies in sector 47252 we hold annual accounts for 651. 277 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-11-1989
Fiscal year end30-06
Activities, NACEBEL
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.