LINAST
ActiveSummary
The computed 12-month bankruptcy probability of LINAST is 2.9% (moderate). The 2025 annual accounts show negative equity (€-59k) and a net result of €-39k. Equity is shrinking by ~118% per year across the filed fiscal years. Its solvency ranks better than 13% of 18400 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency0▼-8
Growth32=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.82 against 1.4 in 2024; short-term debt: 40.2% and cash: 6.2% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-50.1%
Return on assets
-33%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-59k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
2 d early
2023
42 d early
2022
33 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-59k▼ 194%
2024 · €-20k
2022: €5khighest in 4 years
2023: €-15k▼ -398% vs 2022
2024: €-20k▼ -33.0% vs 2023
2025: €-59k▼ -194% vs 2024lowest in 4 years
2022 → 2025
Total assets
€118k▼ 0.8%
2024 · €119k
2022: €45klowest in 4 years
2023: €60k▲ +34.6% vs 2022
2024: €119k▲ +96.7% vs 2023highest in 4 years
2025: €118k▼ -0.8% vs 2024
2022 → 2025
Net result
€-39k▼ 680%
2024 · €-5k
2022: €57highest in 4 years
2023: €-20k▼ -35818% vs 2022
2024: €-5k▲ +75.3% vs 2023
2025: €-39k▼ -680% vs 2024lowest in 4 years
2022 → 2025
Working capital
€39k▲ 80.1%
2024 · €22k
2022: €11klowest in 4 years
2023: €19k▲ +79.6% vs 2022
2024: €22k▲ +11.6% vs 2023
2025: €39k▲ +80.1% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€5k-€-15k€-20k▼ 33.0%€-59k▼ 194%
2022: €5khighest in 4 years
2023: €-15k▼ -398% vs 2022
2024: €-20k▼ -33.0% vs 2023
2025: €-59k▼ -194% vs 2024lowest in 4 years
Operating result€1k-€-19k€-3k▲ 82.5%€-34k▼ 920%
2022: €1khighest in 4 years
2023: €-19k▼ -1703% vs 2022
2024: €-3k▲ +82.5% vs 2023
2025: €-34k▼ -920% vs 2024lowest in 4 years
Net result€57-€-20k€-5k▲ 75.3%€-39k▼ 680%
2022: €57highest in 4 years
2023: €-20k▼ -35818% vs 2022
2024: €-5k▲ +75.3% vs 2023
2025: €-39k▼ -680% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€32k ▼ 27.4%
Current assets
€86k ▲ 14.5%
Key figures and ratios
EBITDA
€-22k▼
2024 · €5k
Cash flow
€-27k▼
2024 · €4k
Solvency
-50.1%▼
2024 · -16.9%
Current ratio
1.82▲
2024 · 1.40
Quick ratio
1.14▲
2024 · 0.78
Debt to equity
-3.00▲
2024 · -6.91
ROA
-33.0%▼
2024 · -4.2%
Interest coverage
-4.99▼
2024 · 3.95
Debt
€177k▲
2024 · €139k
Debt ≤ 1 year
€48k▼
2024 · €54k
Debt > 1 year
€130k▲
2024 · €85k
Income taxes
€423▲
2024 · €337
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€119k€118k▼
Fixed assets21/28€43k€32k▼
Intangible fixed assets21€14k€11k▼
Tangible fixed assets22/27€29k€21k▼
Plant, machinery and equipment23€875€467▼
Furniture and vehicles24€17k€11k▼
Other tangible fixed assets26€12k€9k▼
Current assets29/58€75k€86k▲
Stocks and contracts in progress3€33k€32k▼
Stocks30/36€33k€32k▼
Amounts receivable within one year40/41€38k€44k▲
Trade receivables40€37k€44k▲
Other amounts receivable41€1k€308▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€119k€118k▼
Equity10/15€-20k€-59k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-25k€-64k▼
Amounts payable17/49€139k€177k▲
Amounts payable after more than one year17€85k€130k▲
Financial debts170/4€85k€130k▲
Amounts payable within one year42/48€54k€48k▼
Current portion of amounts payable after more than one year42€6k€6k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€11k€6k▼
Suppliers440/4€11k€6k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€10k€16k▲
Other amounts payable47/48€26k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Other operating charges640/8€833€2k▲
Gross operating margin9900€6k€-20k▼
Operating profit (loss)9901€-3k€-34k▼
Financial income75/76B€62€331▲
Recurring financial income75€62€331▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€-5k€-39k▼
Income taxes67/77€337€423▲
Profit (loss) for the period9904€-5k€-39k▼
Profit (loss) for the period to be appropriated9905€-5k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-64k▼
Profit (loss) brought forward from the previous period14P€-20k€-25k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €9k | €12k | ▲ 37.1% |
| Other operating charges640/8 | €102 | €565 | €833 | €2k | ▲ 197% |
| Non-recurring operating charges66A | - | €1k | - | - | - |
| Gross operating margin9900 | €4k | €-15k | €6k | €-20k | ▼ 425% |
| Operating profit (loss)9901 | €1k | €-19k | €-3k | €-34k | ▼ 920% |
| Financial income75/76B | €236 | €271 | €62 | €331 | ▲ 436% |
| Recurring financial income75 | €236 | €271 | €62 | €331 | ▲ 436% |
| Financial charges65/66B | €942 | €1k | €1k | €4k | ▲ 233% |
| Recurring financial charges65 | €942 | €1k | €1k | €4k | ▲ 233% |
| Profit (loss) for the period before taxes9903 | €494 | €-20k | €-5k | €-39k | ▼ 728% |
| Income taxes67/77 | €438 | €169 | €337 | €423 | ▲ 25.3% |
| Profit (loss) for the period9904 | €57 | €-20k | €-5k | €-39k | ▼ 680% |
| Profit (loss) for the period to be appropriated9905 | €57 | €-20k | €-5k | €-39k | ▼ 680% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45k | €60k | €119k | €118k | ▼ 0.8% |
| Fixed assets21/28 | €5k | €9k | €43k | €32k | ▼ 27.4% |
| Intangible fixed assets21 | - | - | €14k | €11k | ▼ 22.3% |
| Tangible fixed assets22/27 | €5k | €9k | €29k | €21k | ▼ 29.9% |
| Plant, machinery and equipment23 | €1k | €541 | €875 | €467 | ▼ 46.7% |
| Furniture and vehicles24 | €4k | €8k | €17k | €11k | ▼ 33.5% |
| Other tangible fixed assets26 | - | - | €12k | €9k | ▼ 23.5% |
| Current assets29/58 | €40k | €52k | €75k | €86k | ▲ 14.5% |
| Stocks and contracts in progress3 | €18k | €19k | €33k | €32k | ▼ 3.3% |
| Stocks30/36 | €18k | €19k | €33k | €32k | ▼ 3.3% |
| Amounts receivable within one year40/41 | €7k | €21k | €38k | €44k | ▲ 15.6% |
| Trade receivables40 | €6k | €20k | €37k | €44k | ▲ 19.4% |
| Other amounts receivable41 | €2k | €2k | €1k | €308 | ▼ 79.0% |
| Cash at bank and in hand54/58 | €15k | €11k | €2k | €7k | ▲ 354% |
| Deferred charges and accrued income490/1 | €796 | €826 | €2k | €3k | ▲ 15.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45k | €60k | €119k | €118k | ▼ 0.8% |
| Equity10/15 | €5k | €-15k | €-20k | €-59k | ▼ 194% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €57 | €-20k | €-25k | €-64k | ▼ 155% |
| Amounts payable17/49 | €40k | €76k | €139k | €177k | ▲ 27.3% |
| Amounts payable after more than one year17 | €10k | €43k | €85k | €130k | ▲ 52.0% |
| Financial debts170/4 | €10k | €43k | €85k | €130k | ▲ 52.0% |
| Amounts payable within one year42/48 | €30k | €33k | €54k | €48k | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | €3k | €6k | €6k | €6k | ▼ 2.6% |
| Financial debts43 | - | - | €2k | - | - |
| Credit institutions430/8 | - | - | €2k | - | - |
| Trade debts44 | €3k | €6k | €11k | €6k | ▼ 47.7% |
| Suppliers440/4 | €3k | €6k | €11k | €6k | ▼ 47.7% |
| Advances received on contracts in progress46 | €550 | - | - | €3k | - |
| Taxes, remuneration and social security45 | €2k | €2k | €10k | €16k | ▲ 66.5% |
| Taxes450/3 | €2k | €2k | €10k | €16k | ▲ 66.5% |
| Other amounts payable47/48 | €21k | €19k | €26k | €17k | ▼ 33.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57 | €-20k | €-5k | €-39k | ▼ 680% |
| + Depreciation and write-downs630 | €2k | €2k | €9k | €12k | ▲ 37.1% |
| Operating cash flow (approximation) | €3k | €-18k | €4k | €-27k | ▼ 831% |
| Investment in fixed assets (approximation) | - | €-6k | €-44k | €0 | ▲ 100% |
| Change in cash | - | €-4k | €-9k | €6k | ▲ 163% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Mortsel · 1 establishment unit since 2021
Ground area
367 m²
Building footprint
136 m²
Volume, LiDAR
664 m³
Parcel 11029A0235/00P002, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LINAST
since 20212.314.838.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0235/00P002 | Flanders | 367 m² | 1 · 136 m² | 10.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 55,106 EUR awarded · 18,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 2 | 601 EUR | 12,601 EUR |
| 2023 | 2 | 50,005 EUR | 1,005 EUR |
| 2022 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,957 companies in sector 47120 we hold annual accounts for 2,190. 990 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47770Retail sale of watches and jewellery
Scores and ratios are computed by Checked and are not a credit decision.