Lien Winne
ActiveSummary
Lien Winne has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,550 and a net result of €496,042. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.02 in 2024; short-term debt: 96.9% and cash: 30.2% of total assets), and 97.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
2.9%
Return on assets
76.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 11%
← 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 08-04-2026, 114 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
114 d early
2024
99 d early
2023
on the day
2022
116 d early
2021
95 d early
2020
31 d early
2019
31 d 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 69 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 23 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,550=
2024 · €18,550
Total assets
€645,920▲ 31.2%
2024 · €492,266
Net result
€496,042▲ 51.8%
2024 · €326,811
Working capital
€8,444▼ 7.8%
2024 · €9,157
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€363,511▲ 160%€395,765▲ 8.9%€382,570▼ 3.3%€423,987▲ 10.8%€652,764▲ 54.0%
Net result€277,244above the sector's middle half▲ 153%€303,174above the sector's middle half▲ 9.4%€294,022above the sector's middle half▼ 3.0%€326,811above the sector's middle half▲ 11.2%€496,042above the sector's middle half▲ 51.8%
Equity€539,236above the sector's middle half▲ 106%€20,405below the sector's middle half▼ 96.2%€18,550below the sector's middle half▼ 9.1%€18,550below the sector's middle half=€18,550below the sector's middle half=
Total assets€856,443above the sector's middle half▲ 52.0%€623,227above the sector's middle half▼ 27.2%€494,053above the sector's middle half▼ 20.7%€492,266above the sector's middle half▼ 0.4%€645,920above the sector's middle half▲ 31.2%
Debt€317,207▲ 5.2%€602,822▲ 90.0%€475,503▼ 21.1%€473,716▼ 0.4%€627,370▲ 32.4%
Working capital€554,823above the sector's middle half▲ 89.7%€17,904within the sector's middle half▼ 96.8%€12,584within the sector's middle half▼ 29.7%€9,157within the sector's middle half▼ 27.2%€8,444within the sector's middle half▼ 7.8%
Solvency63.0%within the sector's middle half▲ 16.5pp3.3%below the sector's middle half▼ 59.7pp3.8%below the sector's middle half▲ 0.5pp3.8%below the sector's middle half=2.9%below the sector's middle half▼ 0.9pp
Current ratio3.13within the sector's middle half▲ 0.781.03below the sector's middle half▼ 2.101.03below the sector's middle half=1.02below the sector's middle half▼ 0.011.01within the sector's middle half▼ 0.01
Return on assets (ROA)32.4%above the sector's middle half▲ 12.9pp48.6%above the sector's middle half▲ 16.3pp59.5%above the sector's middle half▲ 10.9pp66.4%above the sector's middle half▲ 6.9pp76.8%above the sector's middle half▲ 10.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €645,920
Fixed assets
€11,356 ▼ 12.7%
Current assets
€634,564 ▲ 32.4%
Equity and liabilities €645,920
Equity
€18,550 =
Debt
€627,370 ▲ 32.4%
Debt's share of the balance-sheet total rises from 96.2% to 97.1%. Debt is higher.
Key figures and ratios
EBITDA
€656,342▲
2024 · €439,000
Cash flow
€499,621▲
2024 · €341,825
Debt to equity
33.82▲
2024 · 25.54
Interest coverage
1639.42▲
2024 · 1095.42
Debt ≤ 1 year
€626,120▲
2024 · €470,107
Income taxes
€162,981▲
2024 · €106,274
A ratio outside any meaningful range has been withheld (balance sheet total €645,920, equity €18,550).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
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 lower bankruptcy probability: 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 875 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,596 | €13,450 | €13,488 | €15,013 | €3,578 | ▼ 76.2% |
| Other operating charges640/8 | €478 | €480 | €1,102 | €1,140 | €790 | ▼ 30.7% |
| Non-recurring operating charges66A | €134 | - | - | - | €1,326 | - |
| Gross operating margin9900 | €377,719 | €409,695 | €397,161 | €440,140 | €658,458 | ▲ 49.6% |
| Operating profit (loss)9901 | €363,511 | €395,765 | €382,570 | €423,987 | €652,764 | ▲ 54.0% |
| Financial income75/76B | €6,650 | €6,650 | €6,748 | €9,499 | €6,659 | ▼ 29.9% |
| Recurring financial income75 | €6,650 | €6,650 | €6,748 | €9,499 | €6,659 | ▼ 29.9% |
| Financial charges65/66B | €5,176 | €1,233 | €857 | €401 | €400 | ▼ 0.1% |
| Recurring financial charges65 | €5,176 | €1,233 | €857 | €401 | €400 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €364,985 | €401,181 | €388,461 | €433,085 | €659,023 | ▲ 52.2% |
| Income taxes67/77 | €87,741 | €98,007 | €94,439 | €106,274 | €162,981 | ▲ 53.4% |
| Profit (loss) for the period9904 | €277,244 | €303,174 | €294,022 | €326,811 | €496,042 | ▲ 51.8% |
| Profit (loss) for the period to be appropriated9905 | €277,244 | €303,174 | €294,022 | €326,811 | €496,042 | ▲ 51.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856,443 | €623,227 | €494,053 | €492,266 | €645,920 | ▲ 31.2% |
| Fixed assets21/28 | €40,801 | €27,351 | €14,731 | €13,002 | €11,356 | ▼ 12.7% |
| Tangible fixed assets22/27 | €40,801 | €27,351 | €14,731 | €13,002 | €11,356 | ▼ 12.7% |
| Plant, machinery and equipment23 | €343 | €143 | - | - | - | - |
| Furniture and vehicles24 | €40,457 | €27,208 | €14,731 | €13,002 | €11,356 | ▼ 12.7% |
| Current assets29/58 | €815,642 | €595,877 | €479,322 | €479,264 | €634,564 | ▲ 32.4% |
| Amounts receivable after more than one year29 | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Other amounts receivable291 | €190,000 | €190,000 | €190,000 | €190,000 | €190,000 | = |
| Amounts receivable within one year40/41 | €156,033 | €150,466 | €157,389 | €128,416 | €244,204 | ▲ 90.2% |
| Trade receivables40 | €155,898 | €150,466 | €156,798 | €112,830 | €244,204 | ▲ 116% |
| Other amounts receivable41 | €135 | - | €591 | €15,586 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €464,571 | €250,323 | €126,812 | €152,911 | €194,872 | ▲ 27.4% |
| Deferred charges and accrued income490/1 | €5,038 | €5,089 | €5,121 | €7,936 | €5,488 | ▼ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856,443 | €623,227 | €494,053 | €492,266 | €645,920 | ▲ 31.2% |
| Equity10/15 | €539,236 | €20,405 | €18,550 | €18,550 | €18,550 | = |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €520,686 | €1,855 | - | - | - | - |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | €518,831 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €317,207 | €602,822 | €475,503 | €473,716 | €627,370 | ▲ 32.4% |
| Amounts payable after more than one year17 | €52,471 | €23,528 | €7,499 | €0 | - | - |
| Financial debts170/4 | €52,471 | €23,528 | €7,499 | €0 | - | - |
| Amounts payable within one year42/48 | €260,819 | €577,973 | €466,738 | €470,107 | €626,120 | ▲ 33.2% |
| Current portion of amounts payable after more than one year42 | €28,580 | €28,942 | €16,029 | €7,499 | €0 | ▼ 100% |
| Trade debts44 | €1,176 | €867 | €1,026 | €7,305 | €1,599 | ▼ 78.1% |
| Suppliers440/4 | €1,176 | €867 | €1,026 | €7,305 | €1,599 | ▼ 78.1% |
| Taxes, remuneration and social security45 | €141,489 | €201,193 | €67,717 | €92,086 | €120,061 | ▲ 30.4% |
| Taxes450/3 | €141,489 | €201,193 | €67,717 | €92,086 | €120,061 | ▲ 30.4% |
| Other amounts payable47/48 | €89,574 | €346,971 | €381,965 | €363,217 | €504,459 | ▲ 38.9% |
| Accrued charges and deferred income492/3 | €3,917 | €1,321 | €1,266 | €3,609 | €1,250 | ▼ 65.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €277,244 | €303,174 | €294,022 | €326,811 | €496,042 | ▲ 51.8% |
| + Depreciation and write-downs630 | €13,596 | €13,450 | €13,488 | €15,013 | €3,578 | ▼ 76.2% |
| Operating cash flow (approximation) | €290,841 | €316,624 | €307,511 | €341,825 | €499,621 | ▲ 46.2% |
| Investment in fixed assets (approximation) | - | €0 | -€869 | -€13,284 | -€1,932 | ▲ 85.5% |
| Change in cash | - | -€214,248 | -€123,511 | €26,099 | €41,961 | ▲ 60.8% |
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
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €496,042 ▲51.8%
Operating result €652,764, net result €496,042, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €539,236 ▲106%
3 profitable years in a row build equity to €539,236.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €109,436 ▼18.3%
Net result drops to €109,436, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €261,992 ▲71.7%
2 profitable years in a row build equity to €261,992.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
06-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2018
Ground area
686 m²
Building footprint
154 m²
Volume, LiDAR
852 m³
Parcel 44075A0138/00T000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lien Winne
since 20182.277.100.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44075A0138/00T000 | Flanders | 686 m² | 1 · 154 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
ARCUS BELGIUM
Shared director
→
KRONOS EUROPE
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 29,799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698599344
Also
9925:BE0698599344
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.