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LINACO

Active Risk: not assessed
Private limited companyfounded 2017active for 9 yearsVannestenstraat 3, 8740 Pittem, BelgiumKBO/BCE: BE 0681.835.962

Financials · financial year 2025, full format

Annual accounts 2025 filed on 17-07-2026 at the NBB all 8 filings

Equity
€14.0m▲ 9.5%
2024 · €12.8m
Net result
€1.3m▲ 41.1%
2024 · €935,743
Total assets
€15.8m▲ 1.5%
2024 · €15.6m
Solvency
88.7%▲ 6.6pp
2024 · 82.2%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is nearly 19 times that of 2024. It is a recovery after the fall in 2024.

Turnover€0.5m 2025 Operating result€0.2m 2025 Net result€1.3m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.7m€1.4m▲ 96.6%€0.5m▼ 64.7%
Operating result€0.07m-€0.4m▲ 430%€0.4m▲ 6.8%€0.3m▼ 12.8%€0.3m▼ 11.9%€0.03m▼ 88.1%€0.01m▼ 67.8%€0.2m▲ 19×
Net result€0.04m-€0.2m▲ 467%€0.3mabove the sector's middle half▲ 7.7%€0.2mabove the sector's middle half▼ 10.7%€0.2mabove the sector's middle half▼ 18.8%€287below the sector's middle half▼ 99.8%€0.9mabove the sector's middle half▲ 3,266×€1.3mabove the sector's middle half▲ 41.1%
Equity€11.0m-€11.2m▲ 1.2%€11.4mabove the sector's middle half▲ 2.3%€11.7mabove the sector's middle half▲ 2.0%€11.9mabove the sector's middle half▲ 1.6%€11.9mwithin the sector's middle half=€12.8mwithin the sector's middle half▲ 7.9%€14.0mwithin the sector's middle half▲ 9.5%
Total assets€13.9m-€14.1m▲ 1.0%€14.4mabove the sector's middle half▲ 2.3%€14.7mabove the sector's middle half▲ 2.1%€14.9mabove the sector's middle half▲ 1.4%€14.9mwithin the sector's middle half▼ 0.2%€15.6mwithin the sector's middle half▲ 4.5%€15.8mwithin the sector's middle half▲ 1.5%
Debt€2.9m-€2.9m▲ 0.5%€3.0m▲ 2.0%€3.0m▲ 2.1%€3.1m▲ 0.8%€3.0m▼ 0.8%€2.8m▼ 8.7%€1.8m▼ 35.8%
Working capital€1.1m-€1.2m▲ 12.7%€1.5mabove the sector's middle half▲ 22.5%€1.6mabove the sector's middle half▲ 12.5%€1.7mabove the sector's middle half▲ 3.2%€2.6mabove the sector's middle half▲ 51.5%€3.6mabove the sector's middle half▲ 42.3%€3.8mabove the sector's middle half▲ 4.6%
Solvency79.2%-79.3%▲ 0.1pp79.3%above the sector's middle half=79.3%above the sector's middle half=79.5%above the sector's middle half▲ 0.1pp79.6%within the sector's middle half▲ 0.1pp82.2%within the sector's middle half▲ 2.6pp88.7%above the sector's middle half▲ 6.6pp
Current ratio1.58-1.65▲ 0.061.76within the sector's middle half▲ 0.121.84within the sector's middle half▲ 0.081.85within the sector's middle half▲ 0.013.55above the sector's middle half▲ 1.7017.93above the sector's middle half▲ 14.3817.85above the sector's middle half▼ 0.08
Return on assets (ROA)0.3%-1.7%▲ 1.4pp1.8%within the sector's middle half▲ 0.1pp1.6%within the sector's middle half▼ 0.2pp1.3%within the sector's middle half▼ 0.3pp0.0%below the sector's middle half▼ 1.3pp6.0%within the sector's middle half▲ 6.0pp8.4%above the sector's middle half▲ 2.4pp
Staff (FTE)0.9-1▲ 11.1%1within the sector's middle half=1=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Large changes and their cause
  • 2023 Net result -100% on 2022. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.8m
Fixed assets €11.7m ▲ 0.4%
Current assets €4.0m ▲ 4.7%
Equity and liabilities €15.8m
Equity €14.0m ▲ 9.5%
Debt €1.8m ▼ 35.8%
Debt's share of the balance-sheet total falls from 17.8% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
9.4%▲
2024 · 7.3%
Debt ≤ 1 year
€226,595▲
2024 · €215,561
Debt > 1 year
€1.5m▼
2024 · €2.5m
Income taxes
€40,934▼
2024 · €43,706
Staff costs
€106,500▲
2024 · €101,965
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-2024
Employees at the balance-sheet date1111
full-time1111
part-time--00
in full-time equivalents1111
Average over the year, in full-time equivalents1111
On a permanent contract1111

Source: social balance sheet in the 2021 to 2024 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets--€1.0m€900,000-
Pledge on other assets, amount secured--€1.0m€1.0m-
Carrying value of the other pledged assets--€2.2m€2.4m-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€73,759-€100,780€335,000-
Financial fixed assets€35,000€189,093-€76,053-
Depreciation and write-downs of the year€29,609€30,994€16,164€35,073€35,073

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2023 · 1 entry · €1,380 awarded · €1,380 paid
Schemes
1 entry · €1,380 · €1,380 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as LINACO: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €9.7m and €17m, founded between 2016 and 2020.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
LINACO Pittem2017€15.8m€14.0m€0.5m€1.3m12025
LOVEN BEHEER INTERNATIONAAL Maasmechelen2016€13.9m€12.8m€0.4m-€0.05m12025
Lefevere Packaging Wielsbeke2019€17.4m€12.6m€0.4m€0.7m1.22025
Curavi Merelbeke-Melle2020€10.7m€3.7m€0.5m-€0.2m12025
IMMO44 Lebbeke2018€13.7m€11.4m€0.4m€1.0m22025
Portemilo Deinze2016€12.9m€7.4m€0.5m€0.2m22025
FRAMIBEL Ardooie2018€9.7m€4.3m€0.8m€0.2m0.92025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 87 lines

Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€15.6m€15.8m▲
Fixed assets21/28€11.7m€11.7m▲
Tangible fixed assets22/27€0.4m€0.4m▼
Furniture and vehicles24€0.1m€0.06m▼
Other tangible fixed assets26€0.3m€0.3m=
Financial fixed assets28€11.3m€11.3m▲
Affiliated companies280/1€11.0m€11.0m=
Participating interests280€11.0m€11.0m=
Amounts receivable281€362€0▼
Companies linked by participating interests282/3€0.2m€0.3m▲
Participating interests282€0.2m€0.2m=
Amounts receivable283-€0.08m
Other financial fixed assets284/8€0-
Amounts receivable and cash guarantees285/8€0-
Current assets29/58€3.9m€4.0m▲
Amounts receivable after more than one year29€0.2m€0.2m=
Other amounts receivable291€0.2m€0.2m=
Stocks and contracts in progress3€0.03m€0.04m▲
Stocks30/36€0.03m€0.04m▲
Raw materials and consumables30/31€0.03m€0.04m▲
Property held for sale35€0-
Amounts receivable within one year40/41€0.5m€0.3m▼
Trade receivables40€0.02m€0.3m▲
Other amounts receivable41€0.5m€0.04m▼
Current investments50/53€3.0m€2.4m▼
Other investments51/53€3.0m€2.4m▼
Cash at bank and in hand54/58€0.08m€1.1m▲
Deferred charges and accrued income490/1€0.04m€0.01m▼
Equity and liabilities
Total equity and liabilities10/49€15.6m€15.8m▲
Equity10/15€12.8m€14.0m▲
Contributions10/11€11.0m€11.0m=
Reserves13€1.8m€3.0m▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.8m€3.0m▲
Amounts payable17/49€2.8m€1.8m▼
Amounts payable after more than one year17€2.5m€1.5m▼
Financial debts170/4€2.2m€1.1m▼
Credit institutions173€0.9m€0.03m▼
Other loans174€1.3m€1.1m▼
Other amounts payable178/9€0.4m€0.4m▲
Amounts payable within one year42/48€0.2m€0.2m▲
Current portion of amounts payable after more than one year42€0.1m€0.02m▼
Financial debts43€352€0▼
Credit institutions430/8€352€0▼
Trade debts44€0.01m€0.01m▼
Suppliers440/4€0.01m€0.01m▼
Advances received on contracts in progress46-€0.02m
Taxes, remuneration and social security45€0.06m€0.09m▲
Taxes450/3€0.04m€0.07m▲
Remuneration and social security454/9€0.02m€0.02m▼
Other amounts payable47/48€0.01m€0.09m▲
Accrued charges and deferred income492/3€0.04m€0.06m▲
Income statement Code20242025
Operating income70/76A€1.4m€0.5m▼
Turnover70€1.4m€0.5m▼
Other operating income74€0.001m€0.008m▲
Non-recurring operating income76A€0-
Operating charges60/66A€1.4m€0.3m▼
Goods for resale, raw materials and consumables60€1.1m€0▼
Purchases600/8€1.1m€0.01m▼
Change in stocks: decrease (increase)609€0.04m-€0.01m▼
Services and other goods61€0.1m€0.1m▲
Remuneration, social security and pensions62€0.1m€0.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m=
Other operating charges640/8€0.006m€0.01m▲
Operating profit (loss)9901€0.01m€0.2m▲
Financial income75/76B€1.1m€1.3m▲
Recurring financial income75€1.1m€1.3m▲
Income from financial fixed assets750€0.8m€1.0m▲
Income from current assets751€0.09m€0.1m▲
Other financial income752/9€0.2m€0.1m▼
Financial charges65/66B€0.2m€0.1m▼
Recurring financial charges65€0.2m€0.1m▼
Debt charges650€0.1m€0.09m▼
Other financial charges652/9€0.01m€0.03m▲
Profit (loss) for the period before taxes9903€1.0m€1.4m▲
Income taxes67/77€0.04m€0.04m▼
Taxes670/3€0.04m€0.04m▼
Profit (loss) for the period9904€0.9m€1.3m▲
Profit (loss) for the period to be appropriated9905€0.9m€1.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.9m€1.3m▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€0.9m€1.2m▲
To other reserves6921€0.9m€1.2m▲
Profit to be distributed694/7-€0.1m
Return on contributions (dividend)694-€0.1m
Social balance sheet
Average headcount (FTE)90871.01.0=

The notes to these accounts have 54 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A-----€0.7m€1.4m€0.5m▼ 64.2%
Turnover70-----€0.7m€1.4m€0.5m▼ 64.7%
Other operating income74-----€0.002m€0.001m€0.008m▲ 889%
Non-recurring operating income76A-----€0.02m€0--
Operating charges60/66A-----€0.7m€1.4m€0.3m▼ 78.8%
Goods for resale, raw materials and consumables60-----€0.3m€1.1m€0▼ 100%
Purchases600/8-----€0.006m€1.1m€0.01m▼ 99.1%
Change in stocks: decrease (increase)609-----€0.3m€0.04m-€0.01m-
Services and other goods61-----€0.3m€0.1m€0.1m▲ 11.1%
Remuneration, social security and pensions62---€0.08m€0.09m€0.1m€0.1m€0.1m▲ 4.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.02m€0.02m€0.03m€0.03m€0.02m€0.04m€0.04m=
Other operating charges640/8---€0.02m€0.003m€0.006m€0.006m€0.01m▲ 127%
Gross operating margin9900€0.2m€0.5m€0.5m€0.5m€0.4m----
Operating profit (loss)9901€0.07m€0.4m€0.4m€0.3m€0.3m€0.03m€0.01m€0.2m▲ 19×
Financial income75/76B---€0.03m€0.03m€0.06m€1.1m€1.3m▲ 13.2%
Recurring financial income75€0.04m€0.04m€0.04m€0.03m€0.03m€0.06m€1.1m€1.3m▲ 13.2%
Income from financial fixed assets750------€0.8m€1.0m▲ 24.2%
Income from current assets751-----€0.05m€0.09m€0.1m▲ 46.3%
Other financial income752/9-----€0.01m€0.2m€0.1m▼ 38.0%
Financial charges65/66B---€0.04m€0.06m€0.09m€0.2m€0.1m▼ 22.2%
Recurring financial charges65€0.04m€0.04m€0.06m€0.04m€0.06m€0.09m€0.2m€0.1m▼ 22.2%
Debt charges650-----€0.09m€0.1m€0.09m▼ 36.9%
Other financial charges652/9-----€333€0.01m€0.03m▲ 122%
Profit (loss) for the period before taxes9903€0.07m€0.4m€0.4m€0.3m€0.3m€0.007m€1.0m€1.4m▲ 39.0%
Income taxes67/77€0.02m€0.1m€0.1m€0.09m€0.07m€0.007m€0.04m€0.04m▼ 6.3%
Taxes670/3-----€0.007m€0.04m€0.04m▼ 6.3%
Profit (loss) for the period9904€0.04m€0.2m€0.3m€0.2m€0.2m€287€0.9m€1.3m▲ 41.1%
Profit (loss) for the period to be appropriated9905€0.04m€0.2m€0.3m€0.2m€0.2m€287€0.9m€1.3m▲ 41.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€13.9m€14.1m€14.4m€14.7m€14.9m€14.9m€15.6m€15.8m▲ 1.5%
Formation expenses20€0.002m€0.001m-------
Fixed assets21/28€11.1m€11.1m€11.0m€11.1m€11.2m€11.3m€11.7m€11.7m▲ 0.4%
Tangible fixed assets22/27€0.07m€0.05m€0.03m€0.08m€0.05m€0.1m€0.4m€0.4m▼ 8.1%
Plant, machinery and equipment23---€0.003m€114€0---
Furniture and vehicles24---€0.08m€0.05m€0.1m€0.1m€0.06m▼ 36.1%
Other tangible fixed assets26------€0.3m€0.3m=
Financial fixed assets28€11.0m€11.0m€11.0m€11.0m€11.2m€11.2m€11.3m€11.3m▲ 0.7%
Affiliated companies280/1-----€11.0m€11.0m€11.0m=
Participating interests280-----€11.0m€11.0m€11.0m=
Amounts receivable281------€362€0▼ 100%
Companies linked by participating interests282/3-----€0.2m€0.2m€0.3m▲ 33.8%
Participating interests282-----€0.2m€0.2m€0.2m=
Amounts receivable283-------€0.08m-
Other financial fixed assets284/8-----€50€0--
Amounts receivable and cash guarantees285/8-----€50€0--
Current assets29/58€2.9m€3.0m€3.4m€3.6m€3.7m€3.6m€3.9m€4.0m▲ 4.7%
Amounts receivable after more than one year29---€0.2m€0.2m€0.2m€0.2m€0.2m=
Other amounts receivable291---€0.2m€0.2m€0.2m€0.2m€0.2m=
Stocks and contracts in progress3--€0.02m€0.4m€0.4m€0.07m€0.03m€0.04m▲ 36.1%
Stocks30/36---€0.4m€0.4m€0.07m€0.03m€0.04m▲ 36.1%
Raw materials and consumables30/31-----€0.03m€0.03m€0.04m▲ 36.1%
Property held for sale35-----€0.04m€0--
Amounts receivable within one year40/41€0.2m€0.1m€0.2m€0.06m€0.2m€0.4m€0.5m€0.3m▼ 38.9%
Trade receivables40---€0.06m€0.2m€68€0.02m€0.3m▲ 13×
Other amounts receivable41---€0.001m€0.001m€0.4m€0.5m€0.04m▼ 91.0%
Current investments50/53€2.4m€2.4m€2.9m€2.9m€2.9m€2.7m€3.0m€2.4m▼ 20.2%
Other investments51/53-----€2.7m€3.0m€2.4m▼ 20.2%
Cash at bank and in hand54/58€0.1m€0.4m€0.1m€0.02m€0.05m€0.1m€0.08m€1.1m▲ 13×
Deferred charges and accrued income490/1---€0.08m€0.01m€0.01m€0.04m€0.01m▼ 64.8%
Equity and liabilities
Total equity and liabilities10/49€13.9m€14.1m€14.4m€14.7m€14.9m€14.9m€15.6m€15.8m▲ 1.5%
Equity10/15€11.0m€11.2m€11.4m€11.7m€11.9m€11.9m€12.8m€14.0m▲ 9.5%
Contributions10/11€11.0m€11.0m-€11.0m€11.0m€11.0m€11.0m€11.0m=
Reserves13€0.04m€0.2m€0.2m€0.2m€0.2m€0.9m€1.8m€3.0m▲ 68.1%
Non-distributable reserves130/1---€0.2m€0.2m€0.2m€0--
Reserves not available under the articles1311---€0.2m€0.2m€0.2m€0--
Distributable reserves133-----€0.7m€1.8m€3.0m▲ 68.1%
Profit (loss) carried forward14--€0.3m€0.5m€0.7m€0---
Amounts payable17/49€2.9m€2.9m€3.0m€3.0m€3.1m€3.0m€2.8m€1.8m▼ 35.8%
Amounts payable after more than one year17€1.1m€1.1m€1.1m€1.1m€1.1m€2.0m€2.5m€1.5m▼ 40.8%
Financial debts170/4---€1.1m€1.1m€2.0m€2.2m€1.1m▼ 49.7%
Credit institutions173-----€1.0m€0.9m€0.03m▼ 96.0%
Other loans174-----€1.1m€1.3m€1.1m▼ 19.2%
Other amounts payable178/9------€0.4m€0.4m▲ 12.1%
Amounts payable within one year42/48€1.8m€1.8m€1.9m€1.9m€2.0m€1.0m€0.2m€0.2m▲ 5.1%
Current portion of amounts payable after more than one year42---€1.2m€1.2m€0.1m€0.1m€0.02m▼ 82.6%
Financial debts43------€352€0▼ 100%
Credit institutions430/8------€352€0▼ 100%
Trade debts44€0.01m€0.01m€0.002m€0.03m€0.02m€0.1m€0.01m€0.01m▼ 2.2%
Suppliers440/4---€0.03m€0.02m€0.1m€0.01m€0.01m▼ 2.2%
Advances received on contracts in progress46-------€0.02m-
Taxes, remuneration and social security45---€0.08m€0.02m€0.02m€0.06m€0.09m▲ 48.6%
Taxes450/3---€0.08m€0.02m€0.01m€0.04m€0.07m▲ 65.8%
Remuneration and social security454/9-----€0.01m€0.02m€0.02m▼ 1.1%
Other amounts payable47/48---€0.6m€0.7m€0.7m€0.01m€0.09m▲ 623%
Accrued charges and deferred income492/3-----€0.001m€0.04m€0.06m▲ 53.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.04m€0.2m€0.3m€0.2m€0.2m€287€0.9m€1.3m▲ 41.1%
+ Depreciation and write-downs630€0.02m€0.02m€0.02m€0.03m€0.03m€0.02m€0.04m€0.04m=
Operating cash flow (approximation)€0.06m€0.3m€0.3m€0.3m€0.2m€0.02m€1.0m€1.4m▲ 39.6%
Investment in fixed assets (approximation)--€0.003m-€0.001m-€0.1m-€0.2m-€0.1m-€0.4m-€0.08m▲ 80.3%
Change in cash-€0.3m-€0.3m-€0.09m€0.03m€0.06m-€0.03m€1.0m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference Document
31-12-2025 full format 17-07-2026 2026-00342275 NBB
31-12-2024 full format 28-08-2025 2025-00473439 PDF
31-12-2023 full format 18-07-2024 2024-00275530 PDF
31-12-2022 abbreviated format 27-07-2023 2023-00279713 PDF
31-12-2021 micro format 31-08-2022 2022-20376777 PDF
31-12-2020 micro format 16-08-2021 2021-48800148 PDF
31-12-2019 micro format 25-09-2020 2020-55700126 PDF
31-12-2018 micro format 13-08-2019 2019-45900476 PDF

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