LINASIL
The computed 12-month bankruptcy probability of LINASIL is 6.0% (elevated). The 2025 annual accounts show negative equity (€-47k) and a net result of €-21k. Equity is shrinking by ~84.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 377 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-47k |
| Net result | €-21k |
| Better than sector | 5% |
| Active | 3 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1121.8% | 25.8% | |
| Net result | €-21k | €5k | |
| Equity | €-47k | €16k | |
| Gross operating margin | €-6k | €29k | |
| Staff costs | €11k | €37k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-21k |
| Cash flow | - |
| Staff costs | €11k |
| Income taxes | - |
| Dividends | - |
| Total assets | €4k |
| Equity | €-47k |
| Debt | €52k |
| of which ≤ 1y | €52k |
| of which > 1y | - |
| Working capital | €-52k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.00 |
| Quick ratio | 0.00 |
| Working capital ratio | -1221.3% |
| Solvency | -1121.8% |
| Debt / equity | -1.09 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -508.7% |
| ROE | 45.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4k |
| Fixed assets | 21/28 | €4k |
| Financial fixed assets | 28 | €4k |
| Current assets | 29/58 | €21 |
| Cash & bank | 54/58 | €21 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4k |
| Equity | 10/15 | €-47k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-57k |
| Amounts payable | 17/49 | €52k |
| Amounts payable within one year | 42/48 | €52k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €-6k |
| Operating result | 9901 | €-21k |
| Financial charges | 65 | €181 |
| Result before taxes | 9903 | €-21k |
| Net result for the period | 9904 | €-21k |
| Result to be appropriated | 9905 | €-21k |
| NACE primary | Personal services(96210) |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2023 |
| Status | Active |
| Postal code | 1080 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0270/00K002 | Brussels | 51 m² | 1 · 45 m² | 15.1 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-02-2025 1 director appointed, 2 resigning
- Sayar Seyhan, Bestuurder
- Musa TOPCU, Bestuurder
- Ismail SARLAK, Bestuurder
Technical details
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"events": [
{
"kind": "director_out",
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"name": "Musa TOPCU",
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},
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"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-02-07",
"evidence_quote": "Het onslag van Dhr. Musa TOPCU, als bestuurder, is met ingang van 07/02/2025 aanvaard",
"decharge_status": null,
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{
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"effective_date": "2025-02-07",
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{
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],
"notary": {
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"office_city": "Brussel",
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},
"act_meta": {
"language": "nl",
"pub_date": "2025-02-19",
"filing_date": "2025-02-02",
"act_kind_objet": "NOTULEN VAN DE BUITENGEWONE ALGEMENE VERGADERING"
},
"decisions": [
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"unanimous": null
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],
"is_correction": false,
"subject_company": {
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"publication_proxy": {
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"co_filed_documents": [],
"corrected_publication_numac": null
}30-07-2024 1 director appointed, 1 resigning
- Sarlak Ismail, Bestuurder
- Sayar Seyhan, Bestuurder
Technical details
{
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{
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"role": "bestuurder",
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"name": "Sayar Seyhan",
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},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-06-30",
"evidence_quote": "",
"decharge_status": null,
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"effective_date_qualifier": "immediate"
},
{
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"subkind": null,
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"compensated": null,
"effective_date": "2024-07-01",
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
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],
"notary": {
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"firm_city": null,
"firm_name": null,
"office_city": "Brussel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-30",
"filing_date": "2024-07-22",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
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"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | LINASIL |