INLINE PROJECT
ActiveSummary
INLINE PROJECT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €30k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-2
Solvency53▼-47
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 5.19 in 2024; short-term debt: 72.3% and cash: 65.2% of total assets), and 72.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
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
27.7%
Return on assets
17.5%
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
50 d early
2023
57 d early
2022
49 d early
2021
52 d early
2020
50 d early
2019
36 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, micro schema
Equity
€47k▼ 61.2%
2024 · €121k
2018: €103k
2019: €80k
2020: €60k
2021: €41k
2022: €29k
2023: €92k
2024: €121k
2018 → 2025
Total assets
€170k▲ 12.2%
2024 · €152k
2018: €242k
2019: €207k
2020: €166k
2021: €127k
2022: €96k
2023: €138k
2024: €152k
2018 → 2025
Net result
€30k▲ 3.1%
2024 · €29k
2018: €-28k
2019: €-23k
2020: €-20k
2021: €-19k
2022: €-12k
2023: €64k
2024: €29k
2018 → 2025
Working capital
€42k▼ 62.8%
2024 · €113k
2018: €120k
2019: €100k
2020: €80k
2021: €62k
2022: €25k
2023: €87k
2024: €113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€29k▼ 29.6%€92k▲ 220%€121k▲ 31.2%€47k▼ 61.2%
Operating result€-15k-€-17k▼ 10.1%€57k€31k▼ 44.9%€43k▲ 38.0%
Net result€-19k-€-12k▲ 35.8%€64k€29k▼ 54.6%€30k▲ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€5k ▼ 57.5%
Current assets
€165k ▲ 18.1%
Equity and liabilities €170k
Equity
€47k ▼ 61.2%
Debt
€123k ▲ 305%
Debt's share of the balance-sheet total rises from 20.0% to 72.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €42k
Cash flow
€39k▼
2024 · €40k
Current ratio
1.34▼
2024 · 5.19
Debt to equity
2.62▲
2024 · 0.25
ROE
63.2%▲
2024 · 23.8%
ROA
17.5%▼
2024 · 19.0%
Interest coverage
18.61▼
2024 · 18.92
Debt ≤ 1 year
€123k▲
2024 · €27k
Income taxes
€10k▲
2024 · €102
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€152k€170k▲
Fixed assets21/28€12k€5k▼
Tangible fixed assets22/27€12k€3k▼
Land and buildings22€9k-
Plant, machinery and equipment23€3k€3k=
Furniture and vehicles24€127€702▲
Financial fixed assets28-€2k
Current assets29/58€140k€165k▲
Amounts receivable within one year40/41€16k€44k▲
Trade receivables40€13k€35k▲
Other amounts receivable41€3k€9k▲
Cash at bank and in hand54/58€110k€111k▲
Deferred charges and accrued income490/1€15k€10k▼
Equity and liabilities
Total equity and liabilities10/49€152k€170k▲
Equity10/15€121k€47k▼
Contributions10/11€19k€19k=
Reserves13€116k€28k▼
Tax-exempt reserves132€12k€12k=
Distributable reserves133€104k€16k▼
Profit (loss) carried forward14€-13k-
Amounts payable17/49€30k€123k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€27k€123k▲
Current portion of amounts payable after more than one year42€13k€3k▼
Trade debts44€1k€324▼
Suppliers440/4€1k€324▼
Taxes, remuneration and social security45€13k€21k▲
Taxes450/3€13k€21k▲
Other amounts payable47/48-€99k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€20
Gross operating margin9900€44k€55k▲
Operating profit (loss)9901€31k€43k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€29k€40k▲
Income taxes67/77€102€10k▲
Profit (loss) for the period9904€29k€30k▲
Profit (loss) for the period to be appropriated9905€29k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€16k▲
Profit (loss) brought forward from the previous period14P€-42k€-13k▲
Transfer from equity791/2-€104k
Transfer to equity691/2-€16k
To other reserves6921-€16k
Profit to be distributed694/7-€104k
Return on contributions (dividend)694-€104k
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €121k ▲31.2%
2 profitable years in a row build equity to €121k.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €64k
Net result €64k after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.12
Current ratio from 1.68 to 4.12; short-term debt falls from €37k to €28k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merelbeke-Melle · 1 establishment unit since 2001
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.
Tien Aprillaan 49820 Merelbeke-MelleGround area
382 m²
Building footprint
110 m²
Volume, LiDAR
632 m³
Parcel 44043A0162/00R006, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tien Aprillaan 4, 9820 Merelbeke-Melle
since 20012.100.440.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0162/00R006 | Flanders | 382 m² | 1 · 110 m² | 9.8 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.
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VERDETEC
BE 0833.057.972
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Pauwels Architecture & Modelling
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Meeso
BE 0799.212.001
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,851 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
Founded24-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.