Linal
ActiveSummary
Linal has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,110 and a net result of €236,180. Equity has been shrinking by about 10% per year since 2018. Its solvency ranks better than 30% of 430 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-12-1970 Normal situation
- Activity
- Cutting, shaping and finishing of stone NACE 23700and 1 other
- Establishment unit
- 2.005.298.222 2390 Malle, since 01-12-1970
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Board and ownership
- De Schryver KarinaDirector · since 03-06-1993
- BASTENIE StevenDirector · since 28-01-2004
- Karina De Schryver50%annual accounts 2019
- Steven Bastenie50%annual accounts 2019
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €613,808
- ▲ 1.4%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €236,180
- ▼ 2.2%
- Equity
- €146,110
- ▲ 4.4%
- Total assets
- €528,293
- ▲ 3.1%
- Employees on 31-12-2025
- 6
Score breakdownlowers riskSize: total assets €528,293Liquidity: current ratio 1.00, cash €209,453Founded in 1970Sector: Manufacture of other non-metallic mineral products (NACE 23)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 23, micro). It does better than 29% of them on solvency, 71% on liquidity, 96% on profitability and 54% on growth.
The bankruptcy probability was computed on 04-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 12-05-2026 PDF all 49 filings
Every figure per financial year
The operating result for 2025 is 2% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 5 | 6 | 6 |
| full-time | 5 | 4 | 4 | 4 |
| part-time | 1 | 1 | 2 | 2 |
| in full-time equivalents | 5.8 | 4.8 | 5.6 | 5.6 |
| Average over the year, in full-time equivalents | 5.7 | 5 | 5.4 | 5.6 |
| On a permanent contract | 6 | 5 | 6 | 6 |
| Joined | 1 | - | 1 | 2 |
| Left | 0 | - | 0 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €40,627 | €121,101 | €27,942 | €37,320 | €93,052 |
| Depreciation and write-downs of the year | €29,123 | €38,249 | €52,915 | €43,376 | €55,433 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €283 awarded · €283 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €187 | €187 |
| 2022 | 1 | €96 | €96 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,000 | - | €9,500 | €0 | €10,112 | - |
| Remuneration, social security and pensions62 | - | - | - | €213,330 | €195,276 | €206,052 | €224,175 | €226,945 | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,207 | €47,593 | €35,137 | €29,123 | €38,249 | €52,915 | €43,376 | €55,433 | ▲ 27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6,426 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €7,170 | €8,188 | €8,040 | €9,858 | €10,286 | ▲ 4.3% |
| Gross operating margin9900 | €519,461 | €431,600 | €557,396 | €555,157 | €564,765 | €601,404 | €605,614 | €613,808 | ▲ 1.4% |
| Operating profit (loss)9901 | €269,329 | €203,314 | €347,493 | €299,108 | €323,052 | €334,397 | €328,205 | €321,145 | ▼ 2.2% |
| Financial income75/76B | - | - | - | - | - | €0 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | - | - | €0 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €20,756 | €20,723 | €3,047 | €3,025 | €3,307 | ▲ 9.3% |
| Recurring financial charges65 | €836 | €1,142 | €21,897 | €20,756 | €20,723 | €3,047 | €3,025 | €3,307 | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €268,793 | €213,742 | €325,597 | €278,352 | €302,328 | €331,350 | €325,181 | €317,837 | ▼ 2.3% |
| Income taxes67/77 | €96,278 | €66,718 | €82,599 | €73,204 | €72,669 | €85,599 | €83,759 | €81,657 | ▼ 2.5% |
| Profit (loss) for the period9904 | €172,515 | €147,024 | €242,998 | €205,148 | €229,660 | €245,751 | €241,423 | €236,180 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €172,515 | €147,024 | €247,167 | €205,148 | €229,660 | €245,751 | €241,423 | €236,180 | ▼ 2.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €429,767 | €430,319 | €493,520 | €544,688 | €616,085 | €505,351 | €512,354 | €528,293 | ▲ 3.1% |
| Fixed assets21/28 | €173,045 | €136,607 | €111,393 | €122,897 | €205,750 | €180,776 | €174,721 | €212,340 | ▲ 21.5% |
| Tangible fixed assets22/27 | €173,045 | €136,607 | €111,393 | €122,897 | €205,750 | €180,776 | €174,721 | €212,340 | ▲ 21.5% |
| Land and buildings22 | - | - | - | €70,131 | €63,400 | €57,771 | €52,142 | €46,513 | ▼ 10.8% |
| Plant, machinery and equipment23 | - | - | - | €25,489 | €6,565 | €18,894 | €48,382 | €35,797 | ▼ 26.0% |
| Furniture and vehicles24 | - | - | - | €27,278 | €135,785 | €104,112 | €74,197 | €130,031 | ▲ 75.2% |
| Current assets29/58 | €256,722 | €293,712 | €382,127 | €421,791 | €410,335 | €324,574 | €337,633 | €315,953 | ▼ 6.4% |
| Stocks and contracts in progress3 | €10,905 | €9,850 | €11,495 | €11,495 | €10,950 | €12,215 | €10,360 | €9,960 | ▼ 3.9% |
| Stocks30/36 | - | - | - | €11,495 | €10,950 | €12,215 | €10,360 | €9,960 | ▼ 3.9% |
| Amounts receivable within one year40/41 | €121,455 | €115,231 | €117,060 | €119,611 | €125,559 | €84,250 | €70,732 | €90,340 | ▲ 27.7% |
| Trade receivables40 | - | - | - | €106,222 | €112,452 | €84,250 | €70,732 | €90,340 | ▲ 27.7% |
| Other amounts receivable41 | - | - | - | €13,389 | €13,107 | - | - | - | - |
| Cash at bank and in hand54/58 | €123,834 | €164,135 | €248,930 | €285,786 | €268,070 | €221,755 | €250,831 | €209,453 | ▼ 16.5% |
| Deferred charges and accrued income490/1 | - | - | - | €4,900 | €5,755 | €6,355 | €5,711 | €6,200 | ▲ 8.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €429,767 | €430,319 | €493,520 | €544,688 | €616,085 | €505,351 | €512,354 | €528,293 | ▲ 3.1% |
| Equity10/15 | €277,467 | €240,655 | €243,652 | €248,800 | €117,757 | €128,508 | €139,931 | €146,110 | ▲ 4.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €257,863 | €221,051 | €224,048 | €230,200 | €99,157 | €109,908 | €121,331 | €127,510 | ▲ 5.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €228,340 | €97,297 | €108,048 | €119,471 | €125,650 | ▲ 5.2% |
| Profit (loss) carried forward14 | €1,004 | €1,004 | €1,004 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €152,300 | €189,664 | €249,868 | €295,888 | €498,328 | €376,843 | €372,424 | €382,182 | ▲ 2.6% |
| Amounts payable after more than one year17 | €8,835 | - | - | - | €74,873 | €55,313 | €65,237 | €64,756 | ▼ 0.7% |
| Financial debts170/4 | - | - | - | - | €74,873 | €55,313 | €65,237 | €64,756 | ▼ 0.7% |
| Amounts payable within one year42/48 | €143,465 | €189,664 | €249,868 | €295,888 | €423,455 | €321,529 | €307,187 | €317,426 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €18,945 | €19,559 | €27,077 | €42,980 | ▲ 58.7% |
| Trade debts44 | €6,972 | €14,440 | €6,457 | €27,115 | €13,755 | €9,111 | €8,827 | €1,573 | ▼ 82.2% |
| Suppliers440/4 | - | - | - | €27,115 | €13,755 | €9,111 | €8,827 | €1,573 | ▼ 82.2% |
| Taxes, remuneration and social security45 | - | - | - | €71,061 | €104,338 | €127,936 | €109,511 | €111,148 | ▲ 1.5% |
| Taxes450/3 | - | - | - | €57,096 | €78,137 | €98,733 | €79,504 | €80,262 | ▲ 1.0% |
| Remuneration and social security454/9 | - | - | - | €13,965 | €26,200 | €29,203 | €30,007 | €30,886 | ▲ 2.9% |
| Other amounts payable47/48 | - | - | - | €197,712 | €286,418 | €164,923 | €161,772 | €161,725 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €172,515 | €147,024 | €242,998 | €205,148 | €229,660 | €245,751 | €241,423 | €236,180 | ▼ 2.2% |
| + Depreciation and write-downs630 | €56,207 | €47,593 | €35,137 | €29,123 | €38,249 | €52,915 | €43,376 | €55,433 | ▲ 27.8% |
| Operating cash flow (approximation) | €228,722 | €194,617 | €278,135 | €234,271 | €267,908 | €298,666 | €284,798 | €291,613 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€11,155 | -€9,923 | -€40,627 | -€121,101 | -€27,942 | -€37,320 | -€93,052 | ▼ 149% |
| Change in cash | - | €40,301 | €84,795 | €36,855 | -€17,715 | -€46,316 | €29,076 | -€41,378 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as Linal has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Linal itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for Linal. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-05-2026 | 2026-00108843 | |
| 31-12-2024 | micro format | 21-05-2025 | 2025-00100068 | |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00157215 | |
| 31-12-2022 | abbreviated format | 30-05-2023 | 2023-00097766 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20094671 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60400051 | |
| 31-12-2019 | abbreviated format | 22-09-2020 | 2020-54600544 | |
| 31-12-2018 | abbreviated format | 12-08-2019 | 2019-45500409 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-39100280 | |
| 31-12-2016 | abbreviated format | 07-08-2017 | 2017-41100189 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersOwners 2
- Karina De Schryvernatural personSourceown accounts 201950%
- Steven Bastenienatural personSourceown accounts 201950%
Capital transactions
- 01-02-2024 Converted to unavailable equity · €20,460
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| De Schryver Karina |
|
| BASTENIE Steven |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
Articles of association, deed of 01-02-2024 (in Dutch)
Network & group
Connections & network
2 current directorsThe network starts from the directors of Linal. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
01-02
Gazette deed
Resignation: BASTENIE Steven (director)Reappointment: BASTENIE Steven (director) · Legal-form conversion: to private limited company · 750 shares6 points ▸
- General meeting, 16-01-2024
- Legal-form conversion, to private limited company
- Director resignation, BASTENIE Steven (director)
- Director reappointment, BASTENIE Steven (director (not named in the articles))
- 750 shares
- Power of attorney, GE-FIBO
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
2 activities
- Fabriceren van voorwerpen en marbriteplaten bestemd voor grafzerken
- Graveren en sableren op glas, steen, marmer, graniet enz.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11032D0687/00A003 | Flanders | 2,858 m² | 1 · 250 m² | 9.4 m · 1 |
| 11032D0694/00V000 | Flanders | 1,655 m² | 1 · 306 m² | 4.0 m · 1 |