Linasa Studios
ActiveLinasa Studios has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €68k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 678 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency35▼-65
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.7 against 5.3 in 2024; short-term debt: 89.5% and cash: 51.9% of total assets), and 90% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← 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
10%
Return on assets
28.3%
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 12-05-2026, 80 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
80 d early
2024
65 d early
2023
58 d early
2022
32 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 91.3%
2024 · €276k
2022: €113k
2023: €201k
2024: €276k
2022 → 2025
Total assets
€241k▼ 22.9%
2024 · €312k
2022: €172k
2023: €237k
2024: €312k
2022 → 2025
Net result
€68k▼ 9.7%
2024 · €75k
2022: €113k
2023: €89k
2024: €75k
2022 → 2025
Working capital
€-64k
2024 · €155k
2022: €113k
2023: €192k
2024: €155k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€113k-€201k▲ 77.8%€276k▲ 37.5%€24k▼ 91.3%
Operating result€144k-€110k▼ 23.5%€93k▼ 15.3%€87k▼ 7.0%
Net result€113k-€89k▼ 21.3%€75k▼ 15.0%€68k▼ 9.7%
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 three years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€89k▼ 26.4%
Current assets
€151k▼ 20.7%
Equity and liabilities €241k
Equity
€24k▼ 91.3%
Debt
€217k▲ 498%
The debt ratio rises from 11.6% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€119k▲
2024 · €111k
Cash flow
€100k▲
2024 · €93k
Solvency
10.0%▼
2024 · 88.4%
Current ratio
0.70▼
2024 · 5.30
Quick ratio
0.70▼
2024 · 5.30
Debt / equity
9.03▲
2024 · 0.13
ROE
283.7%▲
2024 · 27.3%
ROA
28.3%▲
2024 · 24.1%
Interest coverage
49.12▼
2024 · 67.01
Debt
€217k▲
2024 · €36k
Debt ≤ 1 year
€215k▲
2024 · €36k
Income taxes
€18k▼
2024 · €19k
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€312k€241k▼
Fixed assets21/28€121k€89k▼
Tangible fixed assets22/27€121k€89k▼
Furniture and vehicles24€114k€84k▼
Other tangible fixed assets26€7k€6k▼
Current assets29/58€191k€151k▼
Amounts receivable within one year40/41€16k€18k▲
Trade receivables40€16k€16k=
Other amounts receivable41-€3k
Current investments50/53€128k€8k▼
Cash at bank and in hand54/58€46k€125k▲
Deferred charges and accrued income490/1€714€64▼
Equity and liabilities
Total equity and liabilities10/49€312k€241k▼
Equity10/15€276k€24k▼
Contributions10/11€1k€1k=
Reserves13€275k€23k▼
Distributable reserves133€275k€23k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€36k€217k▲
Amounts payable within one year42/48€36k€215k▲
Trade debts44€89€0▼
Suppliers440/4€89€0▼
Taxes, remuneration and social security45€27k€27k▲
Taxes450/3€27k€27k▲
Other amounts payable47/48€9k€188k▲
Accrued charges and deferred income492/3€214€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€32k▲
Other operating charges640/8€440€453▲
Gross operating margin9900€112k€119k▲
Operating profit (loss)9901€93k€87k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€94k€86k▼
Income taxes67/77€19k€18k▼
Profit (loss) for the period9904€75k€68k▼
Profit (loss) for the period to be appropriated9905€75k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€68k▼
Transfer from equity791/2-€320k
Transfer to equity691/2€75k€68k▼
To other reserves6921€75k€68k▼
Profit to be distributed694/7€0€320k▲
Return on contributions (dividend)694€0€320k▲
The notes to these accounts (4 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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €68k ▼9.7%
Net result drops to €68k, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.24
Current ratio from 2.90 to 6.24; short-term debt falls from €59k to €37k.
31-12
Financial
Equity above €200kEq €201k ▲77.8%
2 profitable years in a row build equity to €201k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Londerzeel · 1 establishment unit since 2022
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.
Holstraat 41840 LonderzeelGround area
1.3 ha
Building footprint
2,444 m²
Volume, LiDAR
17,222 m³
Parcel 23048E0081/00G000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Linasa Studios
since 20222.333.400.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048E0081/00G000 | Flanders | 1.3 ha | 1 · 2,444 m² | 9.7 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.
Similar companies · same sector, comparable size
Esprits Productions
BE 0779.733.510
Liège · Eq €24k
BEHASH STUDIO
BE 1026.218.032
Braine-le-Comte · Eq €24k
RABLO GAMES
BE 0793.769.311
Pepinster · Eq €25k
Kaizen Group
BE 0760.432.191
Edegem · Eq €23k
FUNTOMATA
BE 0760.472.773
Herve · Eq €26k
Of 169 companies in sector 58210 we hold annual accounts for 59. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2022
Fiscal year end31-12
Activities, NACEBEL
58210Publishing activities
58290Other software publishing
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.