Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €47,504 falls due within a year.
The last four annual accounts were filed 2 to 42 days before the end of the period.
Lower net result than 95% of companies in retail trade. Sector median €5,052 · 22,922 companies.
Flemish support, mostly Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet).
In July 2024, 6,008 companies had the same profile as LINAST has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,008 companies, not a prediction for LINAST. 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.
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| Company | ||||
|---|---|---|---|---|
| LINAST Mortsel | €118,026 | -€19,983 | -50.1% | - |
| Pockinity Antwerp | €141,986 | -€27,265 | 9.3% | - |
| Annders Business Support Geel | €85,660 | €178 | 94.0% | - |
| ACHELIA Vilvoorde | €122,428 | -€1,223 | 1.5% | - |
| SMOKING PARADISE Hamme (Vl.) | €130,297 | -€50,018 | 80.4% | - |
| Pimp My Pool Lendelede | €154,720 | -€3,475 | -72.3% | - |
| Handivage Brussels | €98,628 | -€8,197 | 0.6% | - |
These companies have the same main activity as LINAST: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €85,700 and €155,000, founded between 2020 and 2021.
LINAST files the micro format. That format states no turnover. The gross margin fell from €3,791 in 2022 to -€19,983 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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